₦airaland Forum

cuteboy2:
Afrinvest

ok thank you appr8

cuteboy2:
Is is available. Nigerian brokers are arranging SPV to allow retail investors purchase minimum small units like 500 shares. Later, it will be crossed into thier CSCS account, similar to the MTN Teleop Fund arrangement done by Afrinvest years ago when MTN listing was anticipated

Hello Chief

wld appr8 if u specify any of the houses involved in the SPV arrangement

currentprice:
Eku market o

I hope this bank recapitalisation and tribunal refusal to grant access to inec server issues will not paint the mkt red today

anyway I am still searching for the 3 days bonanza

the mid year book closures might counteract dat

so i envisage that mkt cld possibly be marginal to both side

stcool:
Investor just bought 75% at N66 and you are talking about sell down.

The only logical thing is they want to acquire the company 100% and delist.

Whichever way they want to see it above their purchase price.

my Oga i no dey fight u naaaa

i was only making you to see d whole spectrum

the rule qouted by nairametrics was thus "Section 131 of the Investment and Securities Act, as well as Rule 445 of the Securities and Exchange Commission, requires anybody or any organisation that acquires at least 30% stake in a company to make an MTO to other minority shareholders"

from the above rule then as stated by prof Nipco should have bought out other shareholder because it bought 60% from Mobil but as we all witness Mobil never did any MTO

the reason above is why i stated that the clause might only be applicable if they intend to delist

but as stated earlier those are my opinion pple with better knowledge of the regulation might shed more light on it

rebekah2011:
Thank you, Prof. I look at the news as monkey hunting from some guys.

i think buying the remaining 25% wld be applicable if dey intend to delist cos with the 75% dey are already in clear majority

They might even need to sell down some if the remaining 25% is in the hand of strategic bloc in other to maintain regulatory free float

n.b my tot i might be wrong so pple with deeper regulatory insight should shed more light

DaV8King:
Plus Nigerian factor of 5%, and you will see the CBN is making sense


IMO, the CBN itself should be recapitalized.

How can you be funding a US$400 billion economy with a capital base of NGN 100 billion?!!

As it stands, any of the FUGAZ can technically buy the CBN without even denting their liquidity.

Na wa o

my oga hw for do naaa

wetin u mention / recommend above na him be hunter become the hunted

in short Overtake Don Overtake Overtake (ODOO)

hmmmmmmmmmmm

DaV8King:
Why?!

If we have more than 3 banks (FUGAZ) that presently have depositors fund in excess of US$5 billion EACH, I think it is reasonable.

Be adequately capitalized for the work you wanna do.

Can't we see how even the NGN 25 billion was to small when the proverbial s**t hit the fan in 2009?

my chief you do have a point and i am already readjusting my perspective on same was initailly looking at it from an absolute basis and not relative

particular on that aspect of having more than $5b asset / depositors fund

but still optimal use of capital must also be put in perspective

Basle II and III still stipulate circa 8% capital for every asset a bank hold

$1b capital to $5b asset wld give abt 20% which might not be a optimal use of capital

Agbalowomeri:
It should vary according to whether you have international status or national or regional

my oga i agree with you. that is what is already even in place going by present requirement

but it wld be absurd to stipulate $1b (N360b) capital base for bank in Nigeria even where they are international.

that is where my thinking is coming from (that it shld not materially affect the FUGAZ much) becos the minimum in that space is already > 360b

dipoolowoo:
BREAKING: CBN to Raise Minimum Capital Base of Banks
https://businesspost.ng/2019/06/24/breaking-cbn-to-raise-minimum-capital-base-of-banks/

This shld not affect the FUGAZ much, the minimum within dat fold shld already the > 300b shareholders fund / capital base
. it cld even be to dir advantage cos it might open up some of the marginal players for takeover

but we wait for the full details before proper dimensioning

stcool:
They want to finish this market...once banks dividend is in question for year end the bears will be ALL OVER.

Good news for the economy but not good for the market. Banks are the only entity still holding investors interest and once their dividend is reduced or in question, the market will fall further!

are investors reacting already

some big volume just went down in zenith over 10m+

DeRuggedProf:
A snipers task is the most unnerving.
There is more pain in waiting than in losing....

Prof Prof bolded is very true but that is what also brings discipline

robobo:
and some pple are OFFLOADING IT
those are crosses and not on the open market
and its takes two to make a market

https://www.proshareng.com/news/STOCK%20&%20ANALYST%20UPDATES/Update--Huge-Volume-Traded-on-WEMABANK-Shares-Yesterday-Was-A-Cross-Deal/45748

DeRuggedProf:
Not everyone arrive and leave the market the same time.
The sellers might have not known that irresponsible money has become available until that moment.

lol "irresponsible money" My prof u too harsh oooo

i would say " mayb d person no need money when the the thing dey 30k but he come need money badly when the thing move to 27k"

u cant blame a man for deploying his resources as he deem fit

Mcy56:
To me, Wema is selling at discount at the moment. Mr. Time will tell if you're right or wrong @robobo.

Madam i dont want to EVEN BE RIGHT
THE ONLY THING I WANT TO DO IS MAKE MONEY

WEMA is not in my portfolio and not on my radar
rather i was just calling attention to the fact that it takes TWO (offloading vs warehousing) to make a market

onegentleguy:

Don't worry... when the day of reckoning shall come, ur eyes go clear !!

its early in the morning chief
no need for my eye to be clear
let us make money (the main essence of being here)
it take someone who wants to sell for a buyer to be able to buy this is a fact that me or you cant change
whoever is right between them TIME wld surely tell,
in any case both can even be right cos u dont know what the person selling is putting his proceed into
once again let us make money (the main essence of being here)

Mcy56:
Forget about offloading. Some wealth sharing hands in Wema bro. Over 2 billion now.

does it mean the person buying is doing so from thin air lol
u can believe what u want to madam
but in this market it take two MAKE A MARKET and not one

jamace:
I tell you. Some people are LOADING it.

and some pple are OFFLOADING IT
those are crosses and not on the open market
and its takes two to make a market

RabbiDoracle:
Fed rate cut is being priced in.

Emerging Markets stock boom especially with markets with very low valuations.

My Oga if the cut is made it wld only be 50% gone

another prayer wld b dat the the yield chasers look the side of equity when they come otherwise we wld still be on a long thing (just as happend with the tranche that came in just after election >4b)

the other 50% wld b CBN lowering rate (which is very hazy for now)

robobo:
wale wld eventually get an injunction against the interim management because the SEC require a court order to do same which i doubt was done (because the news broke on Friday after close of business and teh interim management was consituted by sunday)

if u see a spike in volume (as recent clearing of offer on 3.80 shows) then know that an injunction had been gotten but i beg all brother and sister here NOBODY shld shook head for this one because the complexity is too much and it wld only take an insider insider to play the game

injunction granted this afternoon as envisaged

close of Act 3 scene 1

we move to Act 3 scene 2 after resumption from sallah by then we wld have known who is after wale this time, then can properly dimension / project how it would pan out

DeRuggedProf:
A stock that will go to N100 from N5 must pass through N10, N15, N20, N25, N30, ......N100.
This is my take.
I can't take panadol for Wale's headache!

My prof that is why i begged the other time that you shldnt go on AWOL again ooooo

it cldnt have been better captured

robobo:
The war as dimensioned 1.5 years ago is three sided (wale / mangal/ volpi) with each of d side vested in establishment (Wale by his uncale BAT/ Mangal by Katsina establishment/ Volpi by Atiku)

All other parties are fringe

The war that broke out three years ago was an all for all fight (u know that kindly of wrestlemania where about ten fighters are caged and the winner is the last man standing

it was resolved by bringing two block togeda (wale and mangal brokered by emir of kano) against the Volpi /Atiku side, however this was not until two major collateral damage ( Adeosun/ Gwarzo)

The current war im not able to say with clarity who is where except that wale vs volpi angle had been raging on since that last war (1.5 years ago)

so the war is either wale & mangal vs volpi (in which case wale and mangal wld eventual come out winners) or

it is wale vs mangal&volpi (in which case no matter what wale wld eventually lose out, though i sincerely doubt this format because of previous truce brokered that brough wale & mangal togeda)

the 3rd side is as it broke out previously i.e. an all out war from all side (in which case i think mangal has an upper hand via katsina/ gwarzo angle and also the fact that he has became an insider for some time now and hence wld have more access to damaging information agaist wale)

my final take is that i think the current war against wale is being initiated by mangal (via gwarzo) because wale is in a weakened position from his protracted fight with volpi that has sucked out a lot of energy from him

wale wld eventually get an injunction against the interim management because the SEC require a court order to do same which i doubt was done (because the news broke on Friday after close of business and teh interim management was consituted by sunday)

if u see a spike in volume (as recent clearing of offer on 3.80 shows) then know that an injunction had been gotten but i beg all brother and sister here NOBODY shld shook head for this one because the complexity is too much and it wld only take an insider insider to play the game

robobo:
my take two one and half year ago when this war first broke out

the first bold i still stand is the spoil of war, yes wale has divested (and to a large extent sales to himself and cronies) most of other subsidiaries to supposedly pay for debt incurred on COP, but the interest in the upstream asset bought is still intact and cash generating, so whatever the forces fighting wale now (i cant decipher the force yet) is saying is that having tae other part of the old Oando for himself he shld leave the upstream asset for them as other stakeholder

the second bold i also maintain wld determine wether wale wld move from the realm of boys to men in the macheviallian/ macbeth nature of corporate Nigeria

the third i sense is what is about to happen and is so the proper case study to guide wld be the Ibru family / Ikeja Hotel saga

n.b as stated 1.5 years ago im vested here though the full cost had be written off from my balance sheet against profit brought abt by the lesson i picked from following the COP deals

The war as dimensioned 1.5 years ago is three sided (wale / mangal/ volpi) with each of d side vested in establishment (Wale by his uncale BAT/ Mangal by Katsina establishment/ Volpi by Atiku)

All other parties are fringe

The war that broke out three years ago was an all for all fight (u know that kindly of wrestlemania where about ten fighters are caged and the winner is the last man standing

it was resolved by bringing two block togeda (wale and mangal brokered by emir of kano) against the Volpi /Atiku side, however this was not until two major collateral damage ( Adeosun/ Gwarzo)

The current war im not able to say with clarity who is where except that wale vs volpi angle had been raging on since that last war (1.5 years ago)

so the war is either wale & mangal vs volpi (in which case wale and mangal wld eventual come out winners) or

it is wale vs mangal&volpi (in which case no matter what wale wld eventually lose out, though i sincerely doubt this format because of previous truce brokered that brough wale & mangal togeda)

the 3rd side is as it broke out previously i.e. an all out war from all side (in which case i think mangal has an upper hand via katsina/ gwarzo angle and also the fact that he has became an insider for some time now and hence wld have more access to damaging information agaist wale)

my final take is that i think the current war against wale is being initiated by mangal (via gwarzo) because wale is in a weakened position from his protracted fight with volpi that has sucked out a lot of energy from him

robobo:
.

This is surely getting messier and sweet

this story tie in the recent Intels Court Judgment of N4b against Oando (Atiku own substantial / controling interest in intels and that is his cash cow / war money machine).

its also potrays the italian guy i mentioned earlier (Volpi) as not on the side of Wale (which cld be disastrous for Wale) though i doubt this story as he (the italian) has a kind of Cross shares in O and O which is Wales major vehicle in Oando and the fact that this story from independent story hinted of a court case in UK (possibly instituted by Ansbury i.e. Mangal baby) forbiding the italian from voting in upcoming AGM

as said earlier Mangal is brutal and has ethnic alignment in his favour

what i sense is that Oando is about to turn profitable as partly evidenced by recent reports and signs oil prices has finally bottomed (between lower 40s and lower 50s) hence it is about to become a cash cow hence d dirty fight for control.

The decider wld be whose side the italian guy eventually takes.

Wale is about to have the fight of his life (this fight would eventually welcome him into the comity of men if he survives it,unfortunately this set of pple are not ojora's / unipetrol board that he rode roughshod over way back)

As said earlier my prayer is that they fight dirty on the stock exchange, so that we commoners / retailers can reap some benefit from the War.

N.B whenever the war spill over to market it might first be in form of dumping (a la Dangote Vs Otedola AP/ Forte oil war of recent memory) before it would eventually turn to bidding war (a la same AP/Forte oil rise back to abt 300 or as experienced in Caphotel i.e. the Ibru.

N.B im very heavy here and ready for any eventuality (up or down) cos most of the cost had been provisioned for on my balance sheet so whoever reads this might want to exercise caution

my take two one and half year ago when this war first broke out

the first bold i still stand is the spoil of war, yes wale has divested (and to a large extent sales to himself and cronies) most of other subsidiaries to supposedly pay for debt incurred on COP, but the interest in the upstream asset bought is still intact and cash generating, so whatever the forces fighting wale now (i cant decipher the force yet) is saying is that having taken other part of the old Oando for himself he shld leave the upstream asset for them as other stakeholder

the second bold i also maintain wld determine wether wale wld move from the realm of boys to men in the macheviallian/ macbeth nature of corporate Nigeria

the third i sense is what is about to happen and is so the proper case study to guide wld be the Ibru famuly / Ikeja Hotel saga

n.b as stated 1.5 years ago im vested here though the full cost had be written off from my balance sheet against profit brought abt by the lesson i picked from following the COP deals

the BRAVES just resumed at the market for oando

as someone said Act 1 Scene 2 but i think it is Act 3 scene 1

DeRuggedProf:
MSCI is waging a road block!

cc: Yok..

ok i see

copy that perspective. was blind sided to that prior.

Roger and out.

Thank you

DeRuggedProf:
These guys will wait till market is about to close and send Zenith up again.
Sneaking MTNN's loot into the market need a clever strategy indeed...

.

the FUGAZ are gradually back at the price range they were PRE the euphoria of MTNN so they wld need to be very careful to slot the fund back where they were pulled from. you should know as a guru and veteran that the cycle is not complete and profit not made until the funds are back home where they were pulled from.

RabbiDoracle:
Those that sold are now rushing in.

In this market, people should work on emotions and profit from the fearful.

I hope the market falls more.

my oga dem all b coward i wld have tot dey wld continue to bid MTNN up till 200 and let others (FUGAZ) continue dir reverse but here we are they are all catching cold at the first sneeze of MTNN thereby running away from the thing

i dont think the market is going anywhere yet cos no fresh fund in d market it is just same old fund being recycle back to where they were pulled from so i wld expect the bull to halt late in d week or when previous prices on the eve of MTNN listing are attained.

but overall watch out for d president speech tomorrow it cld send d bears back if any portion of it contain any scare mongering the unfortunate thing is that the speech has ZERO value of generating an upside / bull though down inside me i sincerely pray/hope im proved wrong abt d zero upside value but in this game hope is not a strategy

seems they are back from MTNN bonanza or na IGG

the battle field of 12-1 wld tell

GonFreecss1:
Exactly! This is the truth and we all know it. All this unprofessional business relations in Nigeria is unbecoming.

its unfortunate where we found ourselves. in as much as i might not be willing to pick up MTNN at the current price and as much as i believe the listing could have been better handled by the REGULATORS. MTNN itself had not done anything wrong.. The failure is that of the REGULATOR (SEC) and MARKET STRUCTURES (NSE) that gave the go ahead for such behemoth to be listed via INTRODUCTION without variating same with some level of offer for sale (particularly from the principal/ controlling interest) to douse what was evidently a pent up demand for the SHARES.

Unfortunately we live in an era when its is criminal to be successful / rich, when law enforcements agencies / apparatus cant differentiate that while some rich / successful people / enterprises could be criminal not ALL rich / successful people are criminals. That success/ riches are shades of gray (gray itself being a shade of black/white) and hence we have the harrasment of MTNN.

However it shld be noted by the authorities that NO SOCIETY ever progress that harassed its own successful / rich. Such SOCIETY, history had shown always end up going into extinction

Deadlytruth:
Unfortunately that is Nigeria for you and you won't blame anyone. Yours sincerely too once looked for banking job with a certificate in medical studies in my hands. I also once went for Virgin Atlantic Airlines crew members recruitment interview held in Sheraton Hotel in Ikeja. There is simply no professional functionalism in Nigeria because we all went to school to get certificates with the purview to securing a 'decent' source of livelihood rather than to contribute our knowledge gained therein to the actual betterment of the society.

My Broda how do you want to do the bold when you are faced with existential threat (hunger / homelessness/ insecurity e.t.c, so nothing do you).
first you must solve / defeat ur existential threat (hence ur using your medical certificate to find 'decent' job) before you do the bold.
what society that are moving forward do is that those existential threat are defeated at the level of the society/collectively (hence you have social safety nets to guarantee some basics) then their citizen are freed up to do the bold.

The tangent of the above to our business here is one of what could have manifested in the MTNN listing debacle

i beg make we go back to our stock business, we play the game as the society throw the dice

OakPearl:
They are not done dumping their's either.

i tire ooooo we have been hearing this news of foreign investors dumping shares for about two years now consistently

The thing na bottomless pit?

MTNN don land ooooo
dem don dey even reduce price for una
so make una go grab una copy oooo
make una no forget sell all the FUGAZ wey una get oo so dat una go fit load more of the MTNN