₦airaland Forum

To Buy 10,000,000 units of JAIZ without pushing up price issa problem

Wetin happen for JAIZ Bank

BabsO2:
Look carefully
The exchange rate used for income statement is 582 But that used for statement of financial position is 776

Looked at prior years too I can see they used different translation rates for the income statement and statement of financial position but the gap was not as wide as the rates for this Q3 report. And these are audited reports. Why are they using multiple translation rates Perhaps due to mix of several currencies, the face value report rates come out differently for the various statements.

On valuation basis ETI is not that relatively under-valued in comparison to Nigerian banks. It's just in the middle of the pack of valuations of Nigerian banks.

Noted.

dapix:
https://doclib.ngxgroup.com/Financial_NewsDocs/39924_ECOBANK_TRANSNATIONAL_INCORPORATED-_QUARTER_3_-_FINANCIAL_STATEMENT_FOR_2023_FINANCIAL_STATEMENTS_NOVEMBER_2023.pdf

One of the most solid banks that is undervalued, but NSEMPA investors would rather chase....

They are even using an exchange rate of $1 - NGN582

OakPearl:
My response is neither fundamental, technical, or even sentimental analysis. I call this situation analysis.
How right or wrong it is will only be proven by time as no one knows exactly what is going on with Oando.

If this link is true and the actual status, this is a completely different angle from what has been assumed and debated about Oando all along here.
If 14 minority shareholders want to be bought out, and a specific number of shares was stated, that does not mean the entire minority shareholders of Oando are in court.

Now I am thinking this isolated case has been deliberately blown out of proportion or misreported for selfish reasons to appear as though it is Oando Vs the entire minority shareholders, just to get the generality of minority shareholders to sell off out of panic including those who bought at N5 to happily sell off at their more than 200% profit so they can keep mopping up to their satisfaction, before letting Oando rise to whatever price it should be.

With the court hearing adjourned to as far as February 2024, that further confirms there’s a deliberate attempt to prolong the suspense, uncertainty and fear until they are done buying.

The heavy volume traded in the last one year says a lot about how much money is available to keep buying at the moment.

The battle for the soul of Oando rages on, as we watch the spectacle.
Should this be the real status, holders of Oando who can stay on will hit the jackpot that awaits with their perceived business turn around.

I said i wont comment about Oando again, but when I read stuffs like this I just shake my head.

Do you think this people / CEOs give a damn about minority shareholders? Only a few my brother. Ask those that also saw potentials and hope in AIICO then compared to Custodian & AXA.

If you have Oando hold and nobody should make you sell. If you make money great and if you don't, its all part of a learning process.

megawealth01:
Una don put fear for our body oooooo... Hope Oando don't trade below 10

For a long time I have not spoken about Oando, just did today becuase of their court case and as usual, I was not surrised about the outcome.

Wont speak about Oando again....Will people lose money yes, and some will make money!!!

I would end by saying this...since the days of Stockmarket Nigeria....I have learnt my lessons about people like Wale & Tony.

The funny thing is that almost 10+ after some of those analysis where made....these personalities have remained the same, and always taking advantage of shareholders. Look at UBA, Transcorp with all it's potential. I tell you, if Tony had his way the FX profit from UBA would dissappear into admin expenses. The issue he had with FO$ made him sit up a bit. Well, do I think he has changed? No!!!

Oando was every investors dream but, the man called WALE is.....I lack words to describe that family.

I agree with Sir Loco; only invest in Oando money you can afford to ignore.

https://nairametrics.com/2017/09/07/oando-petition-explained/

https://nairametrics.com/2017/09/14/a-corporate-story-on-oando-plc/

yMcy56:
Una don come with your analysis paralysis again......
Anyone not comfortable with OANDO should sell and allow those inside breathe, and allow the forum hear word...

So we should not discuss a stock because someone decides to buy/not to buy it, based on what I say. You guys always amuse me.

Payunsin:
[it is not Wale that instigated the delisting saga.
It was some aggrieved min

ority shareholders with substantial stake

He
quote author=stcool post=127207242]


That is why in my write up I said realistically for me its N15. However, I am not even seeing the kind of noise I expect from shareholders associations, like news articles on local and international press. Drag Wale by the balls and how he ripped off Nigerian shareholders after the acquistion of Conocophillps and now things are about getting better, you want to delist the company.

Drag Wale round the international Business media and see if his unlce will not call him to order. Waiting for the courts is defeat!!!

Its not Wale that instigated the delisting saga Guy are you serious

Oando Minority shellholders should be thanking the 14 shareholders that went to court, else by now the N7.00 is a done deal

mikeapollo:
OANDO: DANGER IS LOOMING FOR NEW BUYERS!
Please let us be a bit careful about the potential exit price for Oando, even if they follow the SEC rules.
I am suspecting a foul play from the court.

The court seems to be dragging the case farther so that the 6 months prior to the AGM would mean that the N16 (achieved on 21-Sep-2023) may no longer be relevant, if the market does not push the price to reach that level once more from now till when the AGM holds.
For instance, if the AGM is fixed for May 2024, six months prior to that date would be between Nov2023-May2024, and the highest price within that period may be lower than N16 (if the market does not push the price above the N16 that was earlier achieved in Sep 2023 and before the AGM date).

I am beginning to suspect the endless adjournments by the court is meant to achieve this sinister motive, so that the highest exit price would be lower than N16! The only option is to see that the price keeps rising above N16 and increasing on daily basis

That is why in my write up I said realistically for me its N15. However, I am not even seeing the kind of noise I expect from shareholders associations, like news articles on local and international press. Drag Wale by the balls and how he ripped off Nigerian shareholders after the acquistion of Conocophillps and now things are about getting better, you want to delist the company.

Drag Wale round the international Business media and see if his unlce will not call him to order. Waiting for the courts is defeat!!!

On this Oando issue, I dont think anything would happen this year, as the court may even adjourn to enable them hear the case while giving the parties opportunity to resolve it outside the court.

In that case, I still think Wale's goal is to delist and would offer more. However, due to him and his teams's perpetual greed, I don't see their offer price above N18 if they are generous. Realistically for me its N15.

*Presently I do not have any shares in Oando!!!

See how First Bank galantly over took UBA. This recapitalization is about to send shares of Nigerian banks to the moon.

The struggle for the heart of First Bank is real.

Tony Tony Tony...

megawealth01:
Have you sold?

Person sell stock...yet the mind never touch ground

Wait for official announcement from Providus, so you can buy below N1. A stock that at N5 I wont sell....will you sell Providus bank @N5

kolaish:
Big thank you @customstreet. I was able to get 2m units of Unity Bank @ 1.07 on Thursday due to your call last week. I sold this morning @185k.

Amount invested - N2,140,000.
Amount realized - N3,700,000.
Amount Gain after deducting charges - N1,500,000 after just one week

I have to sell now because I am a slender person and I don’t have the strength to struggle when the exit door is so narrow .

How do you guys want to make money when you panic and sell at every gain. Anyways some people sold Ucap at N3

Have you even bothered to ask what price Providus will buy Unity bank and what will be the value of the new bank compared to your purchase price?

I guess by next week...people will still queue up at N2.50k

Goodluck to everyone.

jarkbauer:
So what would you advice someone with free 20m to buy

FREE 20M and you dont want to research on what to buy...better to continue the business that gave you the free money or better still, call your banker to keep it safe for you!

The stock market is not for you

Toluway:
Almost everything is red right now. God has answered the prayer of someone. He successfully sold off his holdings and has been seriously praying for serious bear. God dey dey really butter the bread of some people sha .

Been a while...Good to be back!

Eku market o!

Una dey clear NB and IB

With frustration and anger caused by APC...cheeers to more drinking

maishai:
What do u currently trade

I hold mostly crypto with good use case especially the ones in the Yearn ecosystem from YFI, Sushi, Cream, Alpha, Link, Uni, Aave, to name a few I dey hold them like stock

Don't forget KING $BTC and Queen $ETH...btc hit $50,000 today, but I tell people prepare for $ETH above $5,000. It will happen when you less expect.

I also speculate with some upcoming project on Uniswap.

Let me stop for now before they come for me.

Eku market o!

Eku crypto o!

Good to see people still holding unto NSE

Left NSE and never looked back, we can only thank God for the timely decision!

PeoplesArmy:
It's like you are a gullible and impressionable fellow. Are you not the same guy that was hyping and accumulating Sterling Bank some months ago? Suddenly you have become an expert in US Stocks.

I will come back in January and give sth to NSE ahead of yr end, till then

...Stay pressed

Biafran4life:
I want to tell you a story, story story oh

Google is your friend.

Eku market o!

Eku Naira o!

Best decision I made this year was dumping the NSE and moving into crypto

After enjoying bull run in Link, YFI, YFII biggest of all was yesterday Uniswap $UNI airdrop for platform users for 400 units UNI worth $1,200 @$3

Got 400X2 meta mask wallets

Same $UNI coin now trading for $7 heading to $10-20

Over 2Million free money in less than 24hrs

The future is blockchain...crypto...defi

This year I deserve a new

Mcy56:
Lol. Which one is E Ku Naira again....

Meanwhile, GTB is bent on moving forward despite all odds.......refuse to fall but inching up small small.....

Eku market o!

Eku Naira o!

dinyelutochukwu:
Stcool, we love that you celebrate your wins, but you’re derailing the thread.

Noted. This is my last post regards it

Finally out of $LINK @$18

Profits locked and moving capital into $WAVES

Rumor has it about Coinbase listing today or next week and Microsoft partnership

If that happens and we hit above $10, I am taking my whole village to the moon



Some profits will find its way back to Zenith bank. No more holding useless stocks. Now that I have covered my NSE loss for 2020

ST Portfolio: Zenith, GTb, Fidelity case closed.

leo1234:
Enjoy your loot.

$Pink coin is about to move too.

Diverted some of my holding in NSE to $SXP @ $3+ yesterday on news about their upcoming product lunch and coinbase listing, now sitting on handsome profit.

Coinbase listing could send to $10+

2020 about to lit

E ku market o!


The future of investment is digital assets

$LINK $BAND $SXP

1kinggy:
I slept on $Link, a friend who is into remote programming gigs was paid with that token when it was under $1. He told me to acquire. I ignored.
He called me again at $6 when he need to sell some.
Two days ago, it was at $9.99, I set buy orders at $9.50. tell me who is still waiting.

I entered $LINK at $9.87

$LINK ~ hit $15 I exited and will re eneter today
Currently @ $13

$BAND from $3 ~ currently $16 (weekend)

The competition is between LINK & BAND for the Oracle space. I like the competition and both can hit $50 -$100 I carry my load to ETH & BTC

Make I stop here before dem begin cry I am derailing the thread.

See You all next weekend.

YourCoffin:
Which platform you dey use trade abet?

Luno, Binance, and Kucoin