₦airaland Forum

Mankind2024:
Yes, gsk landed @3am

Good.
They actually kept to their words and I like how they handled everything without prolonging it unnecessarily.
..but this withholding tax, na im be the issue there o.....not supposed to be deducted....and I don't think the mail indicated that With-holding will apply. Will recheck self.

Mankind2024:
GSK....
10% Withholding tax taken from final exit price of NGN 17.42, translates to N15.678 per unit.
Value erosion.
I for done japa since. Lol

That's not right nah ...
Withholding tax ought not to apply....
All the past buyout doesn't remove one Kobo from the exit price.........I've not seen where WTH is removed from exit price before....
Have you received yours? Make una ask them questions o.

In another thought, the company may make up for the shortfall from additional payment we were told they'll pay......if it's true.
* You can make more enquiry from GSK.

vacanci:
How many of the big companies did 10% apart from first bank?

GTB, UBA, Zenith and Wapco all less than 5%. Even the highflying Jaiz and Japaul are less than 3%. Stanbic, UCAP, presco and okomu oil were in red.

Sugar did well today...

So many pages to catch up with......una well done ooo.
Make I start from here fess.....

SUGAR performed well ...YES! It was even on full bid @82.10 before it finally closed @80..

On how many companies did +10% aside First Bank, dem plenty ooo, not just only First Bank!!
TRANSCORP, OANDO, Meyer, Sterling, UNIVINS, UNITY, PZ, Neimeth, Cornerstone, CHAMS, etc ....

* 61 companies gained while only 12 lost.

** When we dey talk say it's not yet bear time, e be like say na we no know wetin we dey talk.......
See attached report, does it look like bear Market??
Billions entered quite a number of stocks on Friday again.......

Streetinvestor2:
Madam check that cornerstone results. I don try search the thing but no see the result.I no understand watin Meristem dey send as earning flsh.The eps tire me,lol....I dey see 8.64

Lol.
Below is the Q4 report......
That stock na another MANSARD in the making ooo.
* If you dey find another insurance stock with good potential, look the way of UNIVINS too.
We don talk dem tire for here.

https://doclib.ngxgroup.com/Financial_NewsDocs/40239_CORNERSTONE_INSURANCE_PLC-_YEAR_END_-_FINANCIAL_STATEMENT_FOR_2023_FINANCIAL_STATEMENTS_JANUARY_2024.pdf

Streetinvestor2:
On another note transcorp go be something else in 5 yrs from now.

Entered Full bid @15.40.......some offers available now again at 15.40
I just dey sense say Tony has a plan for that stock but we don't know what they are up to yet....

Btw, NESTLE self don join the bull gbe body with +10 so far.....

KarlTom:
FBN
No gree for anybody

N5Bn don enter that side sharp sharp @ today's high, 26.20........N8.8Bn!
Someone or an entity just crossing chains of 50m bulk units

Market up today again.......

Some stocks on full bid as at now....

NEw GOLD @28,000, 31,000, 54,000 or so!
How dem dey take trade that stock self?
We go dey manage our own JAPAUL Gold for our own corner.....

BullBearMkt:
Is it possible that Otedola's appointment as the chairman of FBNH had an impact on the reversal in the banking sector?

I believed it's a factor too......
News drives this market as we all know...
Anything Otedola touch na Gold ....In someone's voice here.......think it's Zagee....

edwardaigb:
God save who dey buy yeye stocks.

Depends on your definition of yeye stock......
because some of the penny stocks are now joining the full bid geng...

Btw, ACCESS, UBA, FBNH, UNITY, DANGSUGAR, NASCON, GTB, FCMB, FIDELITY, JAPAUL, UNIVINS, VERITASKAP, Etç..........all on full bid

GTCO just dey vex anyhow.....
Back to full bid @40.70...
All offers that show face cleared!
Have some people seen the result?

OANDO full bid @12.80....

* Not any form of advice oo*

BUAFOODS @285 officially!

NASCON @67.75......Up with +6.15....

GT and ZEE:
Cleared the red......

First Bank helping the banks ministry.....


*Caveat: Do not take as any form of advice*

vacanci:
Could first bank help the other banks to come out of their red status today?

we wait and see

Let's wait and see...,..
Some reversing the shedding gradually........but let's wait and see what the afternoon brings......
Make e no be like say person dey fight market....

New Gold @118,000! Up with +102,000
Wetin dey happen for there?

More good results released fromdifferent companies........

Many Penny stocks released great and improved results.....

Toluway:
https://www.vanguardngr.com/2024/01/femi-otedola-appointed-as-chairman-fbn-holdings/

Otedola don collect First time Bank at last.

Seems First Bank don make U-turn from the bear due to this news....
All offers cleared...

PETERiCHY:
We made the ABOVE post on 10th November 2023.
I rest my Case!

BARGAIN HUNTERS TAKE NOTE!

Shey na MAY we dey now?

Agbalowomeri:
So you no dey here when we dey argue divergence Lol

TA sums all market realities (including FA) and put am inside drawing book for you

I dey........but no be today the thing no dey work as expected.....
Besides, one doesn't know when you're serious or just playing, so what do you expect.

Anyway, both bull and bear makes money for investors. We no dey run anywhere....
My concern is the SWOOT not joining to make the ASI journey faster.

*At all at all, when UBA gets to 19+/20, market will likely normalize.....na my own GA be that.... Now @24+, by Friday make we dey watch how e go be.....
I sha know all stocks would run to zero.

iHaveMadeiT2:
This small volume that is rushing out today will rush back tomorrow at higher price. I checked my trade in the last 2 yrs and discovered I would have made much more sitting in one place than jumping from one stock to another. My resolution this year is stay one place make my blessing locate me with precise precision

Exactly!!

USAfall2024:
To think I was less concerned about naira against dollar devaluation because I believed I will recover back from my Zenith and UBA FX valuation gains via improved EPS/dividends. Now na to siddon dey look until whenever coast becomes clear and the whole FX policy in bank sector is understandable.

That's why I'm most times not a fan of banking stocks.....
Was discussing with someone and i said, policies can make or Marr the sector at any given time........if above was the case.

As it is now, anyone in the market should just be calm and control emotions till market will correct finish and stabilize....
Let's be awaiting dividends to take hold body first ....I've never been a fan of selling at loss...

Very easy for @CP to be calculating picking at certain price junction but it doesn't work that way all the time.

My 50 cent advice as usual.

Agbalowomeri:
Quite succinctly put
Where I defer is that bull don end
What remains is gbelo gbebo alias Janet
Make una go home abi una no get house ni

We don Siddon for house dey look oo

FA not agreeing with TA.......interesting!
What's happening in market now is not FA at least.......doesn't look like TA either....

All those postings na just theory......Mr. Market just doing it's things based on some hidden forces or yet unknown news. This is where it comes in, that it has a mind of its own.

When the tide changes, still come and tell us what has changed with your six months sir....

Nairalander640:
Transcorp deeping once more

Battle for the sole of TRANSCORP....
Those offloading are not on queue at all......
These must have been the holders from N1 region....
The more they're offloading, the more they're picking up.......we dey watch the drama

megawealth01:
VeritasKapital bringing in audio/fake money

The guy that wanted to offload his VeritasKapital... I just hope he still has some sha

GEREGU: If they talk this one down from today till tomorrow, e no go fall as such......In fact, it appreciated yesterday amidst the red....

TRANSCORP responding positively to good result.....
So also some insurance stock...... Cornerstone, Universal Insure....
Let's see those who'll be joining .......

OANDO on its own level.......more bargainers as at now with fee offers........
Let's see if it's too early to make this call....

* That's how it's supposed to be around this time.......market responding positively to good results, not one artificial bear from nowhere.....

*Bear go come, but not expected around now........should be more of selective bear for now*

Streetinvestor2:
You they mind some people. The official window which is controlled by demand and supply traded at the highest of the day at #1300 plus which can still trade tomorrow as low as 800 plus.The evil speculators who want to create panic came here to post rubbish. The think they are talking to illiterates.The budget which is our direction for the year remains at #800..

If the dollars like make e reach 5k.None of my business. My business is with naira....

I tire ooo.
Just tried searching for the official announcement and couldn't find it.......
I think some people are just bent on dragging the market down by all means possible...
We can see how the bull had defied all their theories and charts for the past months, so they needed to come up with something to achieve their panic mission.

* One of the consolations is that the Locals still control majority stakes in this market and companies will still declare dividends either they like it or not.
* Bull or bear, investors and traders alike will still be trading and making profits in this market........In fact, some of the stocks are still undervalued if we consider the good results some of them are releasing now.
* Those in market just needed to control emotions during this period. It will also pass.

Fañtastic result from TRANSCORP:
https://doclib.ngxgroup.com/Financial_NewsDocs/40254_TRANSNATIONAL_CORPORATION_PLC-_YEAR_END_-_FINANCIAL_STATEMENT_FOR_2023_FINANCIAL_STATEMENTS_JANUARY_2024.pdf


More UN-AUDITED 2023 FYE Reports :
https://doclib.ngxgroup.com/Financial_NewsDocs/40253_AXA_MANSARD_INSURANCE_PLC-_YEAR_END_-_FINANCIAL_STATEMENT_FOR_2023_FINANCIAL_STATEMENTS_JANUARY_2024.pdf
https://doclib.ngxgroup.com/Financial_NewsDocs/40252_TRANSCORP_HOTELS_PLC-_YEAR_END_-_FINANCIAL_STATEMENT_FOR_2023_FINANCIAL_STATEMENTS_JANUARY_2024.pdf
https://doclib.ngxgroup.com/Financial_NewsDocs/40251_E-TRANZACT_INTERNATIONAL_PLC-_YEAR_END_-_FINANCIAL_STATEMENT_FOR_2023_FINANCIAL_STATEMENTS_JANUARY_2024.pdf
https://doclib.ngxgroup.com/Financial_NewsDocs/40241_UNIVERSAL_INSURANCE_PLC-_YEAR_END_-_FINANCIAL_STATEMENT_FOR_2023_FINANCIAL_STATEMENTS_JANUARY_2024.pdf
https://doclib.ngxgroup.com/Financial_NewsDocs/40249_CWG_PLC-_YEAR_END_-_FINANCIAL_STATEMENT_FOR_2023_FINANCIAL_STATEMENTS_JANUARY_2024.pdf
https://doclib.ngxgroup.com/Financial_NewsDocs/40242_JAIZ_BANK_PLC-_YEAR_END_-_FINANCIAL_STATEMENT_FOR_2023_FINANCIAL_STATEMENTS_JANUARY_2024.pdf

https://doclib.ngxgroup.com/Issuers-section/corporate-disclosures/company-results

Btw, I've not seen anywhere where naira was devalued officially ooo, Abi na only me no see am?
Naira depreciated against $$, which has been the recent occurrence in recent times......
Those saying it was devalued officially should provide proof...
Maybe some people are just trying to create unnecessary panic.....we already have enough issues to contend with already. Make dem leave this market for us to dey take hold body Biko.

More companies turning in good and fantastic unaudited results already.....
Real cause of today's panic seems unknown yet...

@Mankind2024
You're welcome back.
Good to have you back on this thread.

mendes911:
And Sis Mcy number of posts in a given day will tell me what the market is like without me looking at prices. #Heels!

Hhmmm. It's well.
Compliment of the season boss.
Nice seeing that the Ogas are still very much on this forum.
Hope you come in peace and not in vawulence...

Today's red is not the normal bear, but dumping due to unfavourable news. Bear doesn't move in sharp contrast and cut across all sectors like this ....in my newbie's opinion (except on rare cases like that of COVID).
Hopefully, the trend will stabilize soonest before the week runs out.

All these people running, if another news comes up tomorrow in favour of market, they start running back in.....

Even the Dollars they're rushing to go and buy, nothing is certain or lasts as much as the country is concerned......seems dey no get direction yet.

I think Equity, mutual funds and bonds are still places to be.........
Na my own I dey talk o.

On top this red, AIRTEL is still on full bid @2,200......
No be juju be that....

mikeapollo:
The month of January is usually bearish.
But there are signs the market could be bullish in this first quarter.
My eyes on Oando, Intl Brew and Honeywell Flour

If not for a country where things no dey work self, is it supposed to cause this serious panic in market?

Anyway, from the little scan done generally in the market, I think the red we are seeing is not of bear yet....
* Na my amateur view be that*

Very insensitive govt!!

LILBIMS:
omo TRanscorp dey show me pepper likewise Jaiz bank, but I believe Transcorp is a very good hold for the long term because of its power generating section, transcorp generates more power than Geregu and look at Geregu's price per share, I'm open to discussion on this topic tho

You need to ask yourself why you bought in the first place.......
TRANSCORP is good but I think what may be causing the issue with it for now is their dividend history, since this is earning season......
TRANSCORP is not so generous with dividends but special news has always been it's strength.
**Modified: Ok I understood the red is due to Naira devaluation**

I sense some people must have triggered this red in the market due to their over analysis and analysis-paralysis, most of the results that have come out so far are good, so I don't know why this bear came today....

If we talk about the ASI, this has been mostly driven up by the activities in the SWOOTs and Big Cap stocks, they have stronger influence on the ASI.

We'll see how the coming days be like sha.
Funny enough, some of the SWOOT members haven't shed any weight officially!

In as much as JAPAUL wan lift body, sell pressure no gree because of the general bearishness in market ......

NASCON/SUGAR: Some bargain entries for some of us.....

OANDO: Opened on day's high, 15.15, just for the pressure to send it down to negative, another time is coming..... today's bear won't make us give up....