₦airaland Forum

securi: Oga Ukwu , u be security man like me too?

lancee: Maybe we go see naija own next week

Toluway: But you are wishing them to fall to #2 ! You no get open trade ?

4dchairman: No clouds in my stones
Let it rain, I hydroplane in the bank
Coming down with the Dow Jones
When the clouds come we gone, we Rocafella
We fly higher than weather. jAY-Z
YOU MUST KNOW YOUR TRUE BUSINESS.
MY REAL BUSINESS DOES NOT DEPEND ON NSE COME RAIN OR SHINE.

ifeykay: Diamond Bank Rights issue. Has anyone received his/her rights circular?

I have visited the Centurion’s website severally without any indication of the adoption of the modern best practices as employed by First Registrars (OANDO rights) and African Prudential (Transcorp Rights).
The rights is closing on the 26th of August yet none is talking about reaching investors that are not resident in Lagos or outside Nigeria (courtesy of snail speed postal services).

Is there anything am not getting right? Is Centurion incompetent or this is a game plan to deny some of us the opportunity to take up our rights?
Thinking along game plan, it seems to me the bank needs this money, however, the discount between the rights price and the market price is not that wonderful so I quickly dismissed that fact that Centurion is working for some vested interest.

Incompetent – yes I think they are, my interactions with their staff reveals one thing, people that lack proper customer care.
Of more worrisome is the bank itself though results has shown great improvement. In my review of the bank, I consider it rather too conservative, not liberal when it comes to rewarding shareholders. A bank that has not paid dividends for years made an EPS of N1.68 and can only think of N.30k for their shareholders. Don’t forget this is a bank that sold for over N20 in 2007/2008.

Did the bank really intended paying out that dividends or just another way to cajole the shareholders into the rights?

After reading through the rights circular I have followed-up with some research on the company’s exposures to Geometrics. Over N42Billion in loan to the company through Diamond bank’s DMD. With controversies raging with the Enugu Distribution Company and Geometrics over ownership of Aba plant. I understand currently the matter is in the court though the president is said to have intervened. What happens if Geometrics loses the case and the N42Billion loan? Remember the Aba power plant is yet to be commissioned.

One of the dailies this week reported of the interest of the bank’s MD in 2015 Abia governorship. How will this affect the issue of continuity bearing in mind that the bank just renewed his appointment for another two or three years.

Am kind of confused. Is this really worth the pain of pursuing the registrars?

JUST THINKING A LOUD. #KK5050

E99E: Real bad people....typical personality of someone that sees much or knows much but shares little or nothing. Let him accummulate his greed.

securi: 2 million! See level! I dey follow u soon l go reach dat level.

Born2berich: I understand you bro and yes technical analysis cant be learnt fully on this forum but the basic knowledge can still be gotten here. I can remember TA analyst once posted some of his technical info here and some peeps got interested e.g Mercilicious. They asked further questions and went ahead to make more research about it.

Well, as for me i didnt bother myself with technical analysis because i dont have time for it although i was once interested in it too. No hard feeling sha, you know say you be my oga

Born2berich: Your post is well understood but i believe that most people that panicked yesterday are mostly traders not investors hence the need to check the price list every 10minutes.

As for myjoy08 stock pick is very good and he has really contributed to this forum but the recent trend of concern is the failure to do ones own research. For example, when oando got ministerial approval most people believed it will fly to N100 immediately. I remember placing a reminder that getting a ministerial approval doesnt mean the deal is done, yet i was blasted. I stated this not because i hate oando but rather because it will hurt me when seeing people getting their hands burnt.

However, as for the issue of mailing someone whenever we have a question IMO shouldnt be because when you ask questions openly here and you get replies other people learn from it. There is nobody that is an epitome of knowledge. We all learn everyday and we will continue to learn to will depart thats life for you. It is better that one ask the question here for all to benefit and see not only to help every trader and investor present but to also move this forum forward.

Enjoy

immanuello: What is ur stance on the below equities pls. Oando@25.47,eternal@3.90 and most importantly sir,what do u hv for us on Nem anticipating 2013 result lateness.

evilspirit: For those intending to buy. Exercise some patience. The blood will get bloodier.

Dexterax: U ehhh...

Mehn bruv, market dey. Still playing Wapic, Oando and Okomu Oil. I'm still interested in that our runs. Will definitely PM you. The opportunities these days are boundless.

Dexterax: Hotcake, I dey blush oh!

bigjay01: Majority of my holdings were bought at 50k. Kept faith since ipo! No shaking.

natruetalk: Thanks my oga, i just notice ur indirect words to my bullish oga joy since u register with dis new handle. everybody get his own way of doing things. i know you are experience fella in dis market. u love indirect stock analysis to people even though u know the stock is likely to go bullish but will not directly say it. that is fine i respect that but my other oga will come out and boldly bullish on his pick so let respect him as well.

natruetalk: Thanks my oga, i just notice ur indirect words to my bullish oga joy since u register with dis new handle. everybody get his own way of doing things. i know you are experience fella in dis market. u love indirect stock analysis to people even though u know the stock is likely to go bullish but will not directly say it. that is fine i respect that but my other oga will come out and boldly bullish on his pick so let respect him as well.

natruetalk: Thank u jare. oga still dey vex for bulish bulish call by other oga

it visible transcorp is going nowhere than d sky

note. i have no unit with this company

Dexterax: Call it "The Monday Effect"

currentprice: food for though! think of if cop deal get close and the price nose drive like this trascorp with this good result. this is a market full of surprise guys

Dragonking: and they will say this forum is a mediocre..B2BR did well in silencing d critics then..i didnt want to register because i will definitely get a ban on smn..
Back to d mata:
The cowboys should allow transcorp cross N6 oo.

nitrogen: Nah, you really don't need that, these are just opinions, sieve before you swallow. Simples!

4dchairman: What happened? Is the result below expectation? Can't just understand.

nitrogen: I hope nobody bought at #5.90 o, sentimental trading things and herd mentality. Guys were waiting for massive rally due to the result released, but it went the other way, and just one or two persons brought pressure on the the stock.

Agbalowomeri: In my view, 7up is in that category and is a better pick for those interested

Agbalowomeri: Meanwhile, the stock the guy is refering to is CAP plc, not my kind of stock sha

natruetalk: he want take over from myjoy08 privately

Chibuking81: According to CHIBUKING "as election approaches most of the stock price travel to southern pole, then after election with return of stability the prices of stock will start their journey to northern pole".

Dexterax: I dey feel this UkwuAmu dude. But mehn the moniker na loooooong mara!

Abeg no quote me!

Elai147: Bros why don't you tell us the name of this company. Abi na coded tins? There are also negative reasons why ROE can be 100% or more.

Aks: @UkwuAmu-- I've never said Volatility is an attribute of a stable company . This is my sentence 'Oando's stock price volatility always bring the best out of people' pls learn to look at things dispassionately .

Aks: Oando's stock price volatility always bring the best out of people shaaaaaaaaaaaaa. See long story, i have a question for you @ UkwuAmu and it goes thus: Why did u invest in Oando (Are you not aware of the no of outstanding shares)?