Mcy56:
These UBA guys doesnt seems to be done yet. Election campaign fund things

Bros if I am to start correcting your English as oga lecturer I will not know where to start. But you achieved your objective��

Mcy56:
Fidelity gaping up this morning, so also fcmb. [s]Hope those that are not holding for long term are shining their eyes[/s].
UBA: volume sold yesterday was high. Seems its preparing to move up too.

I am considering accumulation between now and election. It is not JIJO time.

105m Diamond shares sold at the open.

JIJO time for Diamond? Closed on bid yesterday, on offer today.

mendes911:


I hope it responds to Agba's call at N15. Agba should have fortified his "jazz" for 2019.

Just before elections perhaps

Yayira:


Ole !
That my ex husband na Father Christmas can’t stop saying it.. if he wants to move, it’s always above 200%.. anybody wey enter this time around na Access him go see himself..

I will be happy with just 30% this time

The Access play is complex for me. Too many factors.

Looking to re-enter Diamond at N1.50.

Mcy56:
Diamonds bids might start reducing from tomorrow... today's volume is not up to yesterdays'. Just my opinion pls.

Wishful thinking. Some people maybe withdrawing their bids knowing they can't get to buy.

dipoolowoo:
Shareholders Give Condition to Approve Diamond Bank, Access Bank Merger
https://businesspost.ng/2018/12/19/shareholders-give-condition-to-approve-diamond-bank-access-bank-merger/

This headline is not in good faith. Most of the writeup is showing that the shareholders welcome the merger. Don't know why Nigerian journalists think only negative headlines sell news.

BullBearMkt:

...technically, the stock has reached its lowest-low and indicators are showing +ve divergence both on Monthly and Weekly. This is a good sign. Wema, could be good to go

Liquidity nah de koko

Princkez:
who are those biding 102million units of FBNH

Just bid of 100m shares. Maybe some foreign money coming back.

Is that premarket 492m shares bid for DB I am seeing

Godlylifeoneart:
If the proposed acquisition /merger of access + diamond scale through, then there will be an imminent dilution of access bank shares regardless of book value. IMO , there is something intrigue the public are not yet aware about this deal.
If in the affirmative, the share price of access will nosedive TO N6. +-2.5 in the coming days. Wigwe will not use his personal fortune for the acquisition the shareholders of access bank are meant to pay for it. No wonder, despite the significant PAT in 2016 to 17, the access mgx has not paid a reasonable dividends. This is what Wigwe has been eyeing.
Better to sell 50% of holdings in access and buy diamond before a technical suspension is placed on the share.
Otherwise... The dumpling effect will tell on access by February 2019 plus the imminent bonanza foretold by chibuking aka bonanza crew
Dz is strictly my opinion... Not an advised to buy or sell...
I hold 15000 units of access
Not an

The NSE doesn't always behave as one would expect. Normally the price of an acquiring entity in a merger should fall for several reasons including the dilution you mentioned. But today Access gained maximally. Holders of DB shares actually made a double gain today.

Maybe CBN should ban formation of banks largely owned by families. Diamond went the way of Oceanic.

austinkenneth:


In my humble opinion, there is every possibility of a deadlock.

The shareholders will go for a higher price.

Access may not want to pay the higher price given that they have already offered ~30% of book value and Access itself is trading at ~50% book value.

this deal has a 50% chance of going through. IF it doesn't go through, I expect Diamond to drop down to 80K.

We will see. It's a matter of bargaining. If Access really wants the bank they may have offered a price they know will be rejected, and they will have to increase over. Meanwhile bids are heading to 300m.

austinkenneth:
The diamond deal will not fly at N3.13 because it is at huge discount to the net asset value of the company.

The shareholders know more better than that and will not approve the deal..Carlyle owns more than 17% which they purchased at about N9.00

Without their approval, the deal will be dead on arrival.

The legal battle involved will take at least a year.

Good news for some SANs.

Meaning the market MAY push it to at least N3 b4 the shareholders vote.

Meanwhile with the doomsday talk Diamond is on full bid up 10%

fxuser:
oh FYE season , we shud see d usual positive volatility

Unfortunately the elections will be the spoiler

Diamond on full bid again.

Hmm... 101m shares of FCMB traded already.

arduino:

Wait for who? Santa don leave USA and is on his way to Lagos already.

Nah Norh Pole Santa de oo...

fxuser:
HonyFLour
- strong close on friday
- last week was its first positive wkly close after 7 weeks
- koo easy

Flourmill rally effect? Chart showing rounding bottom with support at N1.0

dipoolowoo:
Huge Sale of Zenith Bank Shares Triggers Speculations
https://businesspost.ng/2018/11/23/huge-sale-of-zenith-bank-shares-triggers-speculations/



OMA Investments Ltd Raises Stake in Ikeja Hotel to 25.89%
https://businesspost.ng/2018/11/23/oma-investments-ltd-raises-stake-in-ikeja-hotel-to-25-89/


Agusto & Co Affirms 'Bbb' Rating to C&I Leasing N600m Bond
https://businesspost.ng/2018/11/23/agusto-co-affirms-bbb-rating-to-ci-leasing-n600m-bond/

Is there a law or NSE regulation banning disclosure of the identity of parties who made such huge share purchases as the 600m shares of Zenith bank? I believe it will help retail investors to know who is buying and selling.

arduino:


Waiting at N5.00...
Na dem go rush us...

Liquidity is an issue though

Jumped out of DANGFLOUR @N6.00. Thinking of going back in.

fxuser:
Diamond
- is d dump over ??

100m shares sold so far today. By cross maybe.

IrokoOluwere:

Somebody please say something

I believe they have already released the results

http://www.nse.com.ng/Financial_NewsDocs/24235_INTERNATIONAL_BREWERIES_PLC._FINANCIAL_STATEMENTS_OCTOBER_2018.pdf

GonFreecss1:


Lower than 1.3? Lol. More like 1.725% + 4 naira to buy. 2.025% + 4 naira to sell. You are not only paying for commission though. They all have the same rates, you are not buying those stocks from Morgan or Merristem or Stanbic or United capital etc, you are buying it directly from NSE through their platform, which I suspect the charges are regulated. I don't think the rates differ or else people will be using the cheapest broker and not touch the rest, 0.1% sometimes can become a lot of money for some people.

The high charges make high frequency trading unprofitable. The highest charge is the broker commission charge which is supposed to be variable but set not to exceed 1.35%. The other charges such as for NSE are fixed and common to all brokers. The only way one can save is to find a broker whose commission charges are significantly lower than 1.35% before negotiation. That's what I am looking for.

Hello @all. Long time. Please which brokers providing online trading offer commission charges lower than 1.3% per trade besides Morgan? Thanks.

GraceThomas4487:



You waited 100 days for Buhari, you can still wait till next month for NSE to restore their service..

Nothing had to wait for Buhari. There was an Acting President with full powers, and he ran the country well. You are disrespecting the VP with this kind of talk.

BMZK:
Am i the only one experiencing issues with Morgan platform ? It keeps on disconnecting from NSE making if difficult to refresh.

Same here. Desparately want exit a position but can't.

Princkez:
did u notice when eva d price cums to 1.14k ,u see heavy trade....lets b watching their magic

I don make my 14% clean mouth. Waiting below N1 again