₦airaland Forum

mikeapollo:
@Mummy wa, it is okay.
NGX messed up.!
But all the issuers coming to NGX, whether Otedola, Wale, 1st Alhaji, 2ndAlhaji, Zichis, NCR, MTN etc. must play by the rules. They owe us that as a minimum. .

Lol
You know why ZICHIS issue was raising dust was because traders couldn't see to buy, insiders couldn't get so as to be a party in the manipulations, then make Fortune....
So e dey pepper every one of them.....😁

There's a place for a rule, there's another for monitoring, there's yet another for compliance.....

Some are actually bigger than the law/rule in Nigeria
The rules are meant for the weak and the masses, e no dey work fully with the big ogas..
😊

mikeapollo:
You may have a good point, but still mixing up the issues.
NGX has a blame, does not mean that Zichis has done nothing wrong or has no blame (as per the rules of NGX) and should not have been suspended or penalised.

Truly, NGX has a blame. But Zichis too should be penalized.
I would have preferred NGX fines the directors like N20billion, because I know some innocent investors may have been affected by the suspension.

To buttress my point, there are lots of stocks on NGX that has free float less than 20%, some less than 10%....
There's one I know with 0%...

* These are companies that has been listed for donkey years...
* What has NGX been doing since all these years without addressing this?

* See Premier Paints for instance, since the day suspension was lifted, more than 2wks if I'm right, no trading going on there....
Let's even assume the holders might have write it off....
What about the directors holding the large chunks of the shares?
Who is liaison with NGX, submitting the Financial Reports until the suspension was lifted?
Why was free float not addressed till now? Etc..

mikeapollo:
You may have a good point, but still mixing up the issues.
NGX has a blame, does not mean that Zichis has done nothing wrong or has no blame (as per the rules of NGX) and should not have been suspended or penalised.

Truly, NGX has a blame. But Zichis too should be penalized.
I would have preferred NGX fines the directors like N20billion, because I know some innocent investors may have been affected by the suspension.

Why did you keep repeating same thing or going in circles here?
Where did I say ZICHIS has no blame or has done nothing wrong?
What actually is your issues with ZICHIS?

If NGX had sit up and address the free float issues, ZICHIS wouldn't have flouted the rule in the first place.
When listed, the 20% should have been enforced while NGX monitor for compliance.

What is NGX looking at that a stock did straight +10% for a month in the first place?
Where's the penalty for the officer(s) that's supposed to oversee that ZICHIS complied?

NGX leaving the affair of a newly listed company totally in the hands of brokers is wrong.....
What do you expect from a broker who is a trader, an investor with lots of customers that can generate revenue?

Abeg, I'm not replying on this issue again.
Anything they wan do let them do it.....my own be say, there has been a lot of negligence of duty on the part of NGX, let her sit up.

Mfunkynation:
Na wa for u ooo..
Jaiz bank no get evidence to support it movement?
Come on bro!

At least you can see what the insensitivity of NGX has caused.....reading different meanings to the suspension.
When I said NGX has a blame here, some are arguing......
Hopefully, market will put this behind and move ahead in coming days

ogoo4real:
What's the current Price saying

ACCESS @26.50 as at now...

Oasisblue:
Na wa o! We are not really different form the politicians we are blaming. The people defending Zichis are hilarious. Their infraction was starring us in the face. Just because you were abke to grab some units or you know the people manipulating the stock price you ahve turbed to their defender and accussing thoseapplauding the NGX for doing the right thing as sore losers.

I'm just being objective here.
Let's all raise our voice against double standards.....and that's what I'm saying.

Why has no one see what SKYAVN was doing up till now and issue warning?
Skyway manipulated the share price all the way from N6 to 150+ but it was normal to them because they were in the bus....
Why have they been praising some stocks and the regulators also looking away, even till now...... MECURE as example...
...but because they couldn't see ZICHIS to buy, they suddenly remembered the rule just to place the stock on suspension?

Why I'm not against the punitive measure, yet the regulators should also accept their blames and do what's right for the gander as well as the goose.

* Besides, I don't have a single unit of ZICHIS...
You see common investor wey see to buy?

pluto09:
I don't think I have ever said that Zich was right.
I have no complaints with what NGX has done. They actually need to do more.

Pluto, you don't have to keep replying, they won't agree with you no matter what.

The thing is that, ZICHIS didn't allow them chop with am, so they won't stop blaming them.
Just see story changed once they're able to buy after suspension is lifted.

I wonder why no one is blaming NGX for dereliction/negligence of duty here...
Why did it take NGX this long before they noticed the infractions?
Even common investors were noticing this but regulators were blinded to it because their pockets are getting fat with 🤑 💰.

**I would say, NGX couldn't also partake in ZICHIS goodies, hence the need to look for an excuse to nail them......so they found one.
Shikenah!

crownprince2017:
Loco panic successfully created.

By the time people know some are after personal agenda here, they'll know how to sieve info.
By the time, they succeeded in getting in at cheaper price, we'll see their posts and narrations changed.
I don't always allow some noise to get to me.
JAPAUL will deliver, that I know.

*Loco wouldn't have allow people rest here if he's still in the bus, we would have been reading stories of how it will get to N50 and all that....😊

When I picked Unity Bank for instance @0.84k and it started appreciating that time, nothing wey Dem no talk finish here....but it went down ooo, then picked up to go above N3 again.

We are watching JP patiently....🤔

Valthegreat:
@Mega, YMCY, Peterichy, SonofEllyon
Remember the Proverb that if you chop alone you die alone.
Please you people release small JAPAULGOLD for us, I thought we are friends naa?
LOL!

Come to think of it:
Conductor opened door today, did you buy or you picked race? 🤔
Signify ✋ make we know how many of us still dey the bus

Meanwhile, Peter for don rush out, maybe rush back in again when he noticed volume and bouncing back up 😁

** Btw, when PRESCO, SEPLAT and the likes are being manipulated due to HOPE it's called "normal upside" but when supply/demand is playing out in ZICHIS, JP etc.....to Nsempa guru and gugurus, it's called manipulation.....
Make una continue you hear...🙄

Stockpromoter:
Let's wait till Friday oooo.
Distribution is not a day job.
It takes days.
When they catch a good number of fish,they pull the net

Lol. I don hear you sir. 😊

JAPAUL's closing price: N4.22
Volume: 474M
No of Deals: 5,041
Value: N1.91bn

Closing price: N4.22

*Updated*

crownprince2017:
Loco just discovered he left so much on the table when he left japau bus..

That thing they pain..

It was glaring he exited JAPAUL before the rally.....
I hope he doesn't get tired of the insurance and exit before their rally again ...

JAPAUL is still going up
Opportunity that he would have used to enter with some quantities and average down if needs be, he's still waiting for it to go back to base.

Despite profit taking down to 3.62 and ranged a lot during intraday, it still bounced back above 4.20....
Let's wait for closing price first, to know if Loco is right. 😊

*4.27 as at 2.20pm (14.19.59pm)
* Closed: N4.22 at 14.30.00pm

unite4real:
this brokerage interface is not showing the correct order book.
it is actually above 64 Million offers on full

Alright.
Thanks.

chimex38:
Well, like I said, the offer failed, yet he was still bullish.
He even gave a timeline.

Let's see how smart or non-smart when we reach the timeline.

This is ELLAHLAKES as at now...
The offers has even reduced....

With the bashing here, one would have thought the offers would be more than 200m.....but the offers on ground is 26Mas can be seen in the screenshot......
*It was around 30 in the morning, reduced to 26 as at now
* Over 9M units in transactions so far

awesomeJ:
What??
Weren't you expressing regret for not buying just a couple days back

Na human beings be that 😁

JAPAUL that may likely close on full bid self
Some of the volume buyers are not even on queue...

Over 320M units in transaction volume as at now...
- Around 370m units with over N1.5bn spent.....as at 1.45pm...
Currently trading above N4....@4.10....4.22

*JAPAUL's case is now left to Mr. Market to decide*

JAPAUL is back up @4.30.....
4.29 officially as at now...
*Fluctuations btw 4.05 4.20 range*

Don't know why my screenshot is blurred...
Go check Trades and time yourself

We'll be here to hear counter stories when you're able to see ZICHIS buy....
At least NGX is trying to force them to release 20% now.....😁

Meanwhile, no one should come with stories of how s/he can't see JAPAUL to buy again.
It's available now you're running away, when conductor lock door you'll want to enter again..
Make una continue...😁

Meanwhile, more smart guys are buying now....
At least, that 90M single unit bidder will be thanking those panic selling now.....
Conveniently filling his bids....

emmanuelewumi:
IPO price is inflated, listing by introduction price are super inflated and also manipulated for additional price inflation

But boss, ZICHIS price wasn't inflated at listing....
It was listed at N1.81

thebargainhunte:
The problem here is not the manipulation, the problem here is that most of our ogas them didn't see the stock to buy at a low price, hence the sporadic attack on the stock. I think what played out is the law of demand and supply, and the sector the stock is. What could be said of Mecure when it was listed?

You get it.
Some might have petitioned SEC self.

Even though ZICHIS over did it, they should have been smart with it.
ZICHIS came at a time palm.oil biz is booming....
All the palm oil stocks were going up..... PRESCO, OKOMU
What do we expect?
It's glaring the stock price will move along with them

MECURE manipulated their stock all the way from below 10 to 80+

GeeKudi:
Ellah lake's effect and the Investors Alert released by the ngx this morning.

Exactly
It's panic sales....
But more people are buying, especially those that have been queuieng but couldn't get...
It may likely close on full bid again...
Opportunity to buy into Gold company...😁
Let's see how it goes....when panic dust settles...

ogoo4real:
Please what's the current status of Japaulgold

I won't advice you to sell so quickly.....but the ball is in your Court....

For those wishing to buy, I think this is just a good opportunity....
Wealth exchanging hands..
My opinion

JAPAULGOLD, buy one get one free ...😁
It's available on the floor for now...

ogoo4real:
Please what's the current status of Japaulgold

Resumes on full bid @4.42....
Now some profit taking....

Lots of activities here.....

ayobama1:
They only need to tighten the rules around listing by introduction.

That's how regulatory oversight evolve.

Exactly!
I think I even prefer listing by introduction self.
Sometimes, IPO price used to be inflated, then they list and the price starts nosediving...

It's 2 ways anyway.

The fact remains that most of the stocks are being manipulated around this time...... including the Big Cap stocks!
Many buying into the unseen future....

How much can they pay as dividends?
We wait and see when they starts declaring it.

ELLAHLAKES
Those holding this stock, don't allow all these doom says to make you sell at loss or huge loss o.
If you can exit with minimal loss or can just hold it till all these panic dies down.
How many volumes in offer yet?

emmanuelewumi:
Going back to where it belongs.
I hope NGX will now put an end to listing by introduction

Boss, I don't think there's anything wrong with listing by introduction .
We've seen quite some stocks listed by introduction that were trading normally...
See LEGENDINT, TRANSPOWER, HMCALL, MECURE, etc......they were all listed by introduction....

I think the issue with ZICHIS is not releasing even if it's 5% or 10% to the public when listed....
They could have been doing the release gradually while still aiming to achieve the recapitalisation for the company.

To think of it, ZICHIS is in a good sector and promising; the small OS is equally in in its advantage.
If most of the people here had been able to participate in the rally, we would have been hearing different stories of how SEC was insensitive and all that.....

ZICHIS suspended
Guess it has to do with the hoarding.....
At least if they don't want to sell to public why listing?
They've overdone the hoarding haba!

megawealth01:
Na Pa Emma be the LECTURER here sha

Pa Emma na senior boss o.
....and it's not an attack on you or anyone, just speaking my own opinion too....with the believe that you understood well how things works in our market.
You all have your points as well.

I won't be surprised if we don't have any such dip in Ellah price as many may have expected.
We have different participants with different views on investing......
Ellah didn't even close on full offer on Friday but, let's see how Mr. Market treats the news......
I rest my case and waka jejely.

🚶🚶🚶🚶

megawealth01:
LECTURE bawo? 😂

Mega, I can see and read your motivational speeches nah....😁
I no come know whether the adjective used is wrong sha. Lol.
You know, in this market, I've learn not to say never on whatever issues that comes up....
That's the perspective I used mostly to view many issues.
Chuka has big biz going for him but he just needed to now listen, address the concerns and get industry advice from seasoned professionals...
My opinion.

chimex38:
They should have chosen to become minority holders of APRN @ 30%-40% of APRN shares.. With less than 100bn issue.
Enough to get into the management board and make decisions.

It would have been oversubscribed.

Few yrs later, they can increase ownership stake to Major holders or outright owners based on performance.
Market might even price in the futuristic complete acquisition even more than the PO price but at less than 100bn capital.

True.
It could have even been partnership first instead of outright acquisition.
All that is needed is to go back to the drawing board, see the reasons why the fund raising failed and then start again.

After all, there's no harm in trying and failure itself is a learning process, it's not the opposite of success but a part of it.

If Chuka is a true entrepreneur, he won't see this as failure but correction process....
If an adult stumbles and fall, he looks back to see why and what falls him.

E Ku motivational abi na lecture Saturday o.
Saturday wey una suppose go relax and cool body small. 😁
We're still in this market....
It's fund raising that got stalled...
Never say never.....until it's completely over 😁

More than this was said about JAPAUL during Miloist days, today, the same JAPAUL is the one they're diligently seeking after.

If ELLAH is serious, they dust themselves up and go back to the drawing board.

Just passing by 🚶🚶🤸⛹️🤾

NSEstudent:

I reject it for you in Jesus name.