₦airaland Forum

FBNH
* Lots of cross deals at 19.90


* For GSK, the closure of Register to determine qualified shareholders for the payout is 7th to 9th of November, 2023. Kindly take note*

Streetinvestor2:
Madam pls is Morgan showing well from ur side .The drop page has refused to go off from my side oh

Morgan is working fine.

What do you mean by drop page anyway?

Try and check the drop page and search for "x" on top left or right corner, then click on it to exit the drop down........if this is the issue.

You can screenshot the page (edit your details out) and let's see what you're trying to say sir.

GSK
Notice of Court Ordered meeting
Coming up on 5th December 2023

https://doclib.ngxgroup.com/Financial_NewsDocs/39851_GLAXO_SMITHKLINE_CONSUMER_NIG._PLC.-_NOTICES_OF_COURT_ORDER_MEETING_(COM)_-__COURT_ORDER_MEETING_(COM)_NOVEMBER_2023.pdf

kolaish:
Just like others have remarked, I doubt if there is any stock you can buy and go and sleep for 5 years, not only in NGX but in other clines because any event either by commission of omission can affect its operations. However, just like I stated some months back, there are stocks that have shock absorbers that you can buy for now, that may not give you any reason to panic in the next 2 years. This is because their is a lot of potentials in their line of business. Example is UCAP & NAHCO.

I would have added PRESCO and OKOMU, but you can wake up tomorrow and hear that fire has burn down their palm plantation (God forbid)

It's growth stocks that renders services, collects "free money"and consistent with dividend payout that I think can be considered in this situation,like Telecoms stocks.........but then, one cannot just go to sleep and believe all is going to be well at all times...

Hedgefunds:
IF YOU HAD TO BUY AND HOLD JUST 1 STOCK FOR THE NEXT 5 YEARS, WHAT WOULD IT BE?
cc
emmanuelewumi

Hhmmm.
Will also be waiting for the elders reply to this.

You should have copied Oga WanajO in this type of question too.

ebuka1997:
Thanks, I bought earlier before the announcement, I will wait abeg. I hope they payout a slightly higher price

Ok Sir.
That's why I said it totally depends on you and your pocket size possibly.

ebuka1997:
What do you think of waiting for PZ to pay out ma?

It entirely depends on you and the price you buy Oga.
It was even sold on the floor up to 21.05 or so last week.....
If you've made good gains and have somewhere else to channel the fund, you can sell.

Who knows, you may even have another opportunity to pick a bit lower again if the payout delays unnecessarily and still cash out with 1 or 2 naira.

That's my opinion ooo......and what I may likely do if in your shoes.

yMcy56:
Well, that's a possibility.......but why won't GSK pay up to 15? I still don't know the reason they'll tender for that.....
This same GSK was selling above 26 few years ago.....and to say they're buying out only the locals, that's another good reason to pay nothing less than 20!
The shareholders should protest if payout is not up to 15 at least.....

Extract from August 9th post...
In response to the post of Obagadaffi who opined the buyout will be in the N7.50 region.

GSK eventually did not disappoint.
Buyout: N17.42........though ought to be higher, but for the dwindling revenue in recent years.

Make una no forget to pay your tithes.

https://doclib.ngxgroup.com/Financial_NewsDocs/39845_GLAXO_SMITHKLINE_CONSUMER_NIG._PLC.-COMPANY_ANNOUNCEMENT_CORPORATE_ACTIONS_NOVEMBER_2023.pdf

Mfunkynation:
offers has come out ooo

Offer? Or full bid @9.65

Deadlytruth:
We have a new analysis......BA (Biological Analysis)

aj8:
. But I find the mathematics in all this quite intriguing.

You did this FX analysis even before now and FBNH has the highest FX gain if I still remembered very well.


Your July 24 post below:

aj8:
1. First Bank N53.7bill
Q2. UBA. N41.7bill
3. Access N30.1bill
4. Zenith Bank N24.95bill
5. FCMB. N12.5bill
6. GTCO. (-N4.bill)

All as at 1st January 2023.

Should influence income statement in H1and[b] if the ratio of First Bank is anything to go by i.e N53.667 to N210.16 bill = x3.916 [/b], the maths could be interesting. Let’s see how the maths plays out with Zenith Bank H1 first.

FBNH
When I saw the 20M single offer just placed @19.65, I already knew it was for crossing.....
Picked in cross deals......

[quote author=mails4funshi post=126733732][/quote]Lol. Another one was the 20M bulk crossing.....

Full bid @19.65 now....

sterlingD:
My eyes are seeing things
UBA and ACCESSCORP

Na so e dey be sometimes.....
Similar scenario played out in GT and ZENITH too........before GT later reclaimed its position....

Some of them are destined for leadership. We'll see what will happen in the case of UBA/ACCESS as well......
While elephant may continue to come from behind and overtake...... Na just my opinion o.

In this market, one can never say never......


* Meanwhile, some of the Insurance stocks delivered very good results as well.

FIRST BANK
What's behind all these heavy queues @19?
Is First Bank getting set to give UBA some good run?
Well, it once did by overtaking UBA and ACCESS......and went ahead of them in terms of share price value.

The forces behind each one will speak volume

We are watching....

* AIRTEL @1694!!
Closing the gap with SEPLAT........while Seplat too is not waiting..

ZENITH
https://doclib.ngxgroup.com/Financial_NewsDocs/39793_ZENITH_BANK_PLC-_QUARTER_3_-_FINANCIAL_STATEMENT_FOR_2023_FINANCIAL_STATEMENTS_OCTOBER_2023.pdf

JAIZ
https://doclib.ngxgroup.com/Financial_NewsDocs/39792_JAIZ_BANK_PLC-_QUARTER_3_-_FINANCIAL_STATEMENT_FOR_2023_FINANCIAL_STATEMENTS_OCTOBER_2023.pdf

WAPCO
https://doclib.ngxgroup.com/Financial_NewsDocs/39790_LAFARGE_AFRICA_PLC.-_QUARTER_3_-_FINANCIAL_STATEMENT_FOR_2023_FINANCIAL_STATEMENTS_OCTOBER_2023.pdf

vacanci:
The date is same as today

Thank you. But does the off market deal change the market price if it has enough volume to do so whilst the real time trading doesn't close with sufficient volume to move price?

OK. So you can see aggregate price and aggregate volume there. It wasn't a bulk sales.

* Off Market Deals doesn't change market price because it doesnt pass thru the normal market route in the first place.......,but Director's dealings do pass thru it.
* Closing price is determined by the real time trading.

FIDELITY
https://doclib.ngxgroup.com/Financial_NewsDocs/39781_FIDELITY_BANK_PLC-_QUARTER_3_-_FINANCIAL_STATEMENT_FOR_2023_FINANCIAL_STATEMENTS_OCTOBER_2023.pdf

NAHCO
https://doclib.ngxgroup.com/Financial_NewsDocs/39783_NIGERIAN_AVIATION_HANDLING_COMPANY_PLC-_QUARTER_3_-_FINANCIAL_STATEMENT_FOR_2023_FINANCIAL_STATEMENTS_OCTOBER_2023.pdf

MANSARD
https://doclib.ngxgroup.com/Financial_NewsDocs/39784_AXA_MANSARD_INSURANCE_PLC-_QUARTER_3_-_FINANCIAL_STATEMENT_FOR_2023_FINANCIAL_STATEMENTS_OCTOBER_2023.pdf

MANSARD CORPORATE ACTION:
Interim Dividend: 0.06k
Qualification Date: 29th Nov, 2023
https://doclib.ngxgroup.com/Financial_NewsDocs/39786_AXA_MANSARD_INSURANCE_PLC-AXA_MANSARD_COPORATE_ACTION_OCTOBER_2023_CORPORATE_ACTIONS_OCTOBER_2023.pdf

vacanci:
Oga Emma, Mercy and co. Abeg i wan learn something about insider trading
When the NGX publishes directors dealings, does it mean that the transactions are hidden from the trades i see from Morgan capital?

For example, the attached is a director dealing.
it was notified that 100,000 units with individual share price of N56.50 was transacted.

Now, on the list of trades i see on morgan capital, i cannot see anything like that.
there is just a single trade of N56.50 and it's less than 33k units.

I couldn't open the attachment........but.....

1. You have to check the date of the transaction first
2. The 56.50 you saw might be average price of the piece purchase that made up the 100k units (we have 56.40s, 56.45s in today's trades)
3. All transactions pass thru the NGX trading engine for proper documentation, except for OFF MARKET DEALS, in which the NGX is notified in writing and other procedures follows........e.g. like the Transcorp bulk purchase made by Otedola from AMCON some months back.

UBA
The so much noised UBA Q3 is out!
Over 250% PAT compared to Q3 2022.........around +287%
Year to date January 01 to September 30......

A good one from UBA

https://doclib.ngxgroup.com/Financial_NewsDocs/39778_UNITED_BANK_FOR_AFRICA_PLC-_QUARTER_3_-_FINANCIAL_STATEMENT_FOR_2023_FINANCIAL_STATEMENTS_OCTOBER_2023.pdf

CORNERSTONE
Outstanding Q3!
This one should not be selling for less than 2.50!

https://doclib.ngxgroup.com/Financial_NewsDocs/39754_CORNERSTONE_INSURANCE_PLC-_QUARTER_3_-_FINANCIAL_STATEMENT_FOR_2023_FINANCIAL_STATEMENTS_OCTOBER_2023.pdf

Mfunkynation:
.....

Nice Q3 result from IKEJA HOTELS

https://doclib.ngxgroup.com/Financial_NewsDocs/39752_IKEJA_HOTEL_PLC-_QUARTER_3_-_FINANCIAL_STATEMENT_FOR_2023_FINANCIAL_STATEMENTS_OCTOBER_2023.pdf

FIRST BANK
PAT Year to date 30 Sept 2023: 236,416
PAT Yeat to date 30 Sept 2022 : 91,202
Percentage profit increase: +159%!!

Yet, another good one from FBNH

https://doclib.ngxgroup.com/Financial_NewsDocs/39702_FBN_HOLDINGS_PLC-_QUARTER_3_-_FINANCIAL_STATEMENT_FOR_2023_FINANCIAL_STATEMENTS_OCTOBER_2023.pdf

crownprince2017:
Mcy I just want to say thank you on cwg recommendations and others I bid so low but I was surprised about the appreciation before the close of the market. I bidded at 6.94 although didn't get all the quantity I wanted but I am happy with the quantity they got for me.

Just came online now and say make I check what's up in the forum, then saw this and the reply to it from Loco.

Don't be discouraged for picking at that spot, even if it comes back again to that junction after going up, pick more if you have the means of doing so and be patient.
You'll sell it with nothing less than +50% gain at the right time......... result or no result, FA or no FA.
Na so I tell someone when it touched 3 or thereabout, but didn't buy I guess, by now, he would have been sitting on over +100%

Besides, Q3 is not yet released.

* Told you I didn't see anything in FMN for now, hope you can see it yourself in market.

Streetinvestor2:
You get eyes.Nice results from chams.I see it as another ucapital of the future yrs.People sabi panic once they see red..I am beginning to think majority are seeing the market as gambling arena or want quick cash because of the economic situation presently in the country

yMcy56:
If someone can just buy this and forget it in the portfolio, it may end up paying off......to long termers/value investor especially.
Think this was also said when it was trading at circa 26/30k or so.

So also Transcorp.....

Streetinvestor2:
.I plan to do that.I will sell of my oil shares (total and con oil) transfer the money to cham/transcorp for like 5 -10 yrs horizon

July 28 posts.

essentialone:
Will Chams still get to N3 ?

It depends.on the result.
If it's much impressive, it's possible, but won't be on a straight line.
My opinion.

* Can remember one of my posts in which I mentioned Chams to touch N1.50 first, then N2.......it looks so impossible then because it was trading at circa N1 or below.......
Today, CHAMS touched N2!!
Some bad belle won't see that post or reference it o.

Kudos also to the Ogas that identified this stock as well....... @Currrentprice, OGG and Mega.

* Can't remember again any other person that.mentioned it as well.

GEREGU @370!
CHAMS @1.92 full bid!
Shebi una don turn pointer to monkey hunting bah?
We go all dey alright las las.

** CHAMS is already high @CP IMO, anyone planning to buy should wait for pullback and result. Make you no go catch falling knife **

NapoleonHill:
The way VFD Group is heading south, it could be at #5 before the year runs out.

Time to keep eye on the price movements.
Guess the fall and investors' attitudes has to do with lack of enough data to analyze it so far.
The moneybags will come for it at the right time I want to believe.
Price is currently below listing and Rights Issue price.

OBAGADAFFI:
N0.48

Interesting!
Warning for those buying Wapic above 0.65k as well.

OBAGADAFFI:
Courtville payoff sweet

How much did Courtville eventually pay?
The initial buyout price was 0.48k.........and the suspension price was 0.60k.
Reason I asked.

VeeVeeMyLuv:
What do you have to say about Daarcom shares?

Carry your money go another stock.

MrDiligence:
Abeg no underestimate the give aways wen you don already dey do for here o.

Consider FBNH @16 or below, keep eye on the price movement and do your DD.

E Ku Market o.

BuchyD:
Yes ma.....slow but steady market.
We move!

Many of you don change to new moniker finish, we don't know who's who again.

Una well done o.

Some stocks making us proud despite your name calling........at least we are not mentioning it here and they are performing wonders in market.

Good to test the resilience and Northward movement of such stocks without it been mentioned on this platform, so no one can accuse of MH now.