₦airaland Forum

Don't remind me Madam. I gave an open sell order and it took me 7 wks to get out of TRANSPOWER. The insiders themselves were selling at a loss

Ginalex:
I remember when I was TRANSPOWER's strongest soldier... Down by 10%

Makes my portfolio looks like chicken feed.😭

Erniemax101:
Anytime I feel like I overspent, I remind myself of this.

Yes. It is a different product. This is Mango, like in mango fruit.

otomatic:
Is this different from mangal cement that is made in Kogi?

There's already one cement brand called "Mango" coming in from Niger Republic. I don't know if it is being legally imported or smuggled in. But for some reason it is being sold at the same price as the local cement brands. Given the greed of our businessmen the imported cement may not be cheaper than the local one.

londonerr:
be careful I see cement imports coming soon

Alhaji's torch bearer.


https://www.youtube.com/watch?v=TCp07GgCvwg?si=7sfVTcQFkIwbT981

I hope they are not affected by curse of acquisitions as Oando was. The more you acquire the more you despire.

Oasisblue:
They are no longer punctual in releasing results since they acquired ND Western. Perhaps the scale of the new acquisition has introduced complexity into their financial accounting.

Everyone wants to go with the winner. Alhaji is amazing. I wonder if NNPCL bought the PP. Before he said he doesn't want their money. Maybe NNPCL should now sell their 7.5% at large profit. Then they can invest the money in repairing the PH and Warri refineries and hope this time the money is not looted. 🤞

Agbalowomeri:
DangRef completed private placement of $2.5B yesterday. Oversubscribed by a factor of 3.7. Abi dem go shelve IPO?😂

When will Aradel release H1 results sef? They have neither announced AGM date nor a delay of release date.

KarlTom:
ARADEL. ±
CONOIL. ±
ETERNA. ±
OandO. -1.11%
SEPLAT. ±

That stock na ponzi scheme. Anyway the holding period for those who bought the PP before listing, and the company staff, may have expired and they are now free to sell.

megawealth01:
SpaceX dipping. Nawaoh

That was a big -ve vote on the power generation sector and a wakeup call to those invested TRANSPOWER.

londonerr:
He sold geregu at less than 50% market price per unit to Yari.... It's reported at around 600 per unit when the stock itself was 1141.50 on the ngx.... Dull and lose...

Ah. I no see that one ooo. I thought stocks no dey go -27% intraday.

megawealth01:
The other day it went to +9% and e no tey it went to -27%

Wetin happen na?

Oando went up 4.25% officially at a point then gave it all up and finished at 0%. A sign that it may soon move up.

KarlTom:
ARADEL. ±
CONOIL. ±
ETERNA. ±
OandO. ±
SEPLAT. ±

CBN will not allow one individual to own controlling shares of a systematically important bank.

megawealth01:
This is getting interesting...

Mr. Otedola is increasing his stake in First HoldCo through his indirect holding in Calvados Global Services. It will be interesting to see what his long-term intentions are for the bank and its future prospects.

One hopes he doesn't push his effective ownership to around 50% or end up acquiring a controlling portion of the bank's shares...

This is becoming scary sha

The difference between FBN and ACCESS or OANDO is their history and circumstances. FBN was a government founded company and not privately founded. After privatization there was no major shareholder with 5% of shares for a long time. It was therefore easy for a activist investor with the objective of taking control and the fighting spirit like Ote$ to take it over. This is not the case with OANDO and ACCESS. They are held by founders that will hold them no matter what, and you have to live with them forever.

mikeapollo:
Even FBN itself had several boardroom battles and crises which affected them for about a decade before Ote$ came on board.
They just had one of their controversial loans matter settled by Supreme Court recently.

I think people should be honest with themselves and accept that there are differences between people that ran companies. If the way some companies are being run does not seem to meet your objectives at the speed you want, then carry your kaya and move.

yMcy56:
My amateur question is this:
How long does it take FBNH to overcome such hurdles as well?
In this market, I believed it's the more you look/dig, the less you see.....

IMO, the way Access was dealt with is the way they'll move it back up, at least to reflect it's near fair value.

Otedola had to deploy Billions of Naira to move FBNH back up and trying as much as possible to defend it at above 100, 105 precisely

Kai! But some people are lucky ooo. Remember the chunks of shares the bank sold to Ote$ just 2 to 3 months ago @ N44? Those billions he spent in that purchase will soon triple in value. Where else but the stock market can you make that kind of clean money in such a short time? I saw a video of Mr. Buffet saying how easy it is to make transactions in stocks compared to the real estate sector. He is exactly right.

megawealth01:
People wey get FBN plenty ooooo especially at that 3 to 19 naira

I know how many I personally have

FBN was on bonanza for years just like Access... If someone serious enters access tomorrow eh omo na serious obe ooooo

I had to book profits first out of fear sha. Selling 20% of FBN isn't a bad idea. Let me and FEMI keep the remaining 80% to know what the future holds for FBN

Honestly! The question is who gets all these shares to sell? And so far no disclosure of insider transactions.

megawealth01:
Fear dey catch me ooooo and cold dey catch me at the same time

Congratulations Sis. Like my people say "So your secret is out?" . May God bless the child with abundant health and productive life for the benefit of all your family. Amen.

Ginalex:
Fest bank wetin dey occur??

Meanwhile, my husband and I welcomed our bundle of joy 2days ago. 👶

A cross trade of 687.7 million shares in FIRSTHOLDCO @ 110. This explains why they kept the price at 105 yesterday.

Let's see what FIRSTHOLDCO does today. It was clear from yesterday's trading that effort was made to keep the price from going below 105.

Actually this gets me worried. I have observed a pattern. Any time results are due you will see a flurry of PR media reports. These are usually followed by announcements of delays in releasing results or release of bad results.

KarlTom:
My O ne and O nly (OandO) concern is capital appreciation.

Will all these awards translate to a turnaround in the financial health of the company? If Mr Wale likes let him collect GCFR.

I posted this on July 2nd. I track the pattern of trading stated especially in FIRSTHOLDCO and it usually pays off.

Raider76:
Those people who used to bring FIRSTHOLDCO sharply down at close of trading through large volume cross trades strucked again today. It is a typical accumulation style that will be followed by a massive move upwards when the time comes.

We de campe. 86m full bid.😃

mikeapollo:
First Bank means business!
Where are the Ote$ crew members?
Congrats oooo

We keep our fingers crossed. There are just too many knots in the string of Oando it is hard to see when they will all be undone to get a straight string.

yMcy56:
I want to believe they have a game plan....

Another issue I think is causing the current situation is the share bonus issue....
Only 1st tranche was allotted..
This year, we haven't heard about the phased distribution, so this is greatly suspected to be the setback to the capital raise and share price in market...

Left to me, they shouldn't distribute the remaining shares (around 2.9 bn units or so), let the Management look for institutional buyer to sell to and use the proceed, as well as some part of the profits to offset part of the outstanding debts...
Then come to the market to raise more funds.....
We'll see tremendous turnaround...
This is my naive opinion though

I don't believe share price is of interest to the owners of Oando. They are making their money elsewhere.

yMcy56:
First Bank, all offers cleared !
Closed @95.95 ..... With +10%!!
Around N21bn staked today....

When OANDO is ready, that one even easy...
You know why? Higher % of the OS is domiciled with Ocean and Oil and some other institutional investors/Companies....
Only around 32% owned by minority shareholders...
So, moving it shouldn't be that difficult.....compared to FBNH with humongous OS...
If FBNH can do it, OANDO should be able to do it much better . 😁

Na FIRSTHOLDCO tsunami de carry UBA.

toyeoye:
👀 UBA wants the full 10%.

What started the day at +0.2% has expanded to +9.27%.

📈 now ₦44.80 per share
⚡ Just 0.73 percentage points from limit up
🏦 Among the strongest banking movers on the board today
The session isn't over quite yet.

Curiously people judge FIRSTHOLDCO only from where it has been, but judge ACCESS from where they think it is going. Such people may be losing money both ways. Why not also assess FIRSTHOLDCO from where it is going?

ppogba:
Since na elders dey talk, I no wan chuck mouth for FBNH interim dividend matter but all I know is that excepting them to pay N5 is simply " adjectival clause of impossibility"

They may get there but by then Zenith would have been paying N30 final dividend

Oga, dividend payout is nice, but there are other things in this game. FIRSTHOLDCO has gained 67% in just two weeks this month.

mikeapollo:
Someone is mopping up FBN shares; may be Otedola or some other stakeholders.
Good for those who are selling and making profits.
My concern for buyers is that dividend yield of FBN is not too fantastic!

I heard someone say they saw FIRSTHOLDCO logo on the Dangote Refinery PP form. Can our heavy weights NSEMPA members who did the placement confirm please.

toyeoye:
🚨 Market Open: FIRSTHOLDCO wastes no time

The banking giant opens Thursday at a fresh 52-week high.

📈 +9.96% today
🏆 New 52-week high: ₦87.25
🔥 +26.08% WoW
💰 +82.15% YTD
Yesterday it was chasing the high. Today it is setting it.

Dangote own no be finding money oo. Na state of mind.

presiade:
Like Dangote.