₦airaland Forum

Mills55:
Please my sister, I'm yet to receive my complete dividend from FBNH. Got part of it two days ago, I was hoping they will pay in the rest, but till this moment. Please how do I go about it? Should I still be patient maybe it will come?

You can call or email them....
Contact attached below:

Mfunkynation:
For cutix, I searched and saw qualification date is August 18th

Thanks a lot.
Amended Corporate Action wasn't uploaded on NGX probably.

CUTIX
Can anyone confirm it was actually marked down on 11th Aug or the date was changed?
I've searched and been watching out for the markdown but doesn't seems to be sure of it.
* Payment date is supposed to be 31st Aug.

FBNH
Buyers in market today......
With Femi Otedola as Non-Executive Director now, things might be looking up the more for the bank....

TRANSCORP
The average price so far has been N4......
Quite a lot of transactions at this price........with what looks more of sell-off........Or cross deals....
Still observing.......

chimex38:
Heard of Merger before the result though .
Remember I referred you to the speculations done mid-July betwn Customstreet and Pa Emma way before 2nd Quarter released results...

Maybe you are referring to the official notifications on Ngx by each merger company..

Yes.
I was referring to official notification on NGX.
That was why I said @Customstreet hinted us before then.......but it's fine, before or after, the Koko be say, he gave us authentic insider info.
Kudos to him.

Relief for the Naira
NNPC secure $3B loan from Afrexim Bank to stabilize the Naira
* How this becomes a relief is something we needed to learn from the confused NNPC.....

https://www.nairaland.com/7805723/nnpc-secures-3bn-loan-stabilise

* What you need to know about the loan:
https://www.nairaland.com/7805827/what-know-nnpcs-3billion-loan


GUINNESS
GUINNESS denied plan to leave Nigeria
Could this be initial denial??

https://www.nairaland.com/7805263/guinness-denies-plan-leave-nigeria

UkwuAmu:
Not Correct Ma.

Ok Sir.
Thks for the correction.
Thanks to Customstreet for the correction too.

Dwizeone:
The president took major economic decisions without being prepared for the outcome, the major problem is the dollar supply, these policies were taken with the hope that FDI will increase somehow but the government took that decision so fast, Dangote refinery isn’t ready yet, your refineries ain’t working. So were is the dollars going to come from, the Naira has been floated. With the recently released CBN financials, you can see that the foreign reserve has depleted not to mention using it to secure loan.

The situation is terrible and would have been approached with preparedness. Re-introducing subsidy we mean mounting debt as well. Unfortunately even the expected cabinet members doesn’t inspire much confidence. We need to shore up our production on all fronts and a paradigm shift from the old ways of doing things.. I don’t envy the president at this time.

Well said sir.
Compliment of the season!
Hope you're not surprised that I'm still here......lol.

customstreet:
Merger news came before the release of 2nd quarter result. It is reversal of what u said😆😆😆😆😆

Oga Customs check well......
The result was released and dumping started down to 24.40/24.60 before it reversed mainly due to the merger news.
I can remember full offer @27.20 or so, the following day, it went further down. I picked small @27, 25, and hoping to be picking down the lane.....but the news came 2 days later, then it made U-turn up....

Result released on 30th July...
Merger news came on 1st Aug..

I can remember you hinted us before result was released anyway. The hint and insider activities took it to above 30 before result came. You tried sir.

BullBearMkt:
You have "spoken" well

Lol Oga mi, sometimes, following those biz owners like Dangote, Bua can have its own advantages too. They have assets to protect.

Alhaji strategized the release of Dangsugar result, he must have envisaged that they'll dump the stock, so he swiftly announced the merger to halt the dumping......
If not for the news, Dangsugar for don reach circa 15/16 by now too.

Mpeace:
https://www.nairaland.com/7804797/seplat-majestic-oil-rig-collapses
Chai seplat oh

Bids still more than offers on top the news .......those guys ehnn..
Maybe they'd expected some dumpings from retailers......so they guided against it......

There's one 100k bid there though, let's see if they intend to cross it to themselves, thus making it seems like dumping.....

Streetinvestor2:
How much was eternal high for this year.

Around 37+

yMcy56:
This was denied by source closed to Otedola....
They said no premium was paid on it.......and that this was agreed on based on friendship.

Some argued that the amount paid was more than 3.12.......
We actually needed the insider info on the amount paid to Otedola per share....

As for me, I'll be using the daily price movement to guess the price range......
....and besides, it's just MTO based on the bulk purchases made from Otedola, to fulfill the rule of bulk purchase I guess, so if it's just 4%, then the total to be picked will be paltry 1.6B units.

* Just my opinion based on info supplied by @Customstreet

Agbalowomeri:
The government has been borrowing to pay for subsidy that ends up in neighbouring countries. The government doesn't have the money to continue the father Christmas.

The argument is that : Now that the govt has discovered some of the loopholes thru which previous subsidies were mismanaged, that a control measure can be put in place to block it.

The proposed return is still temporary.....
One of the mistakes made was to remove the subsidy outrightly without carrying out thorough investigation into why it wasn't effective during the last admin.
The decision was too hasty.

Not like anyone is saying it shouldn't be removed but it wasn't well thought out initially.

Even the big boys are not excluded:
https://www.nairaland.com/7804467/shell-petroleum-workers-protest-over

* Make una no vex, I go carry further posts go politics section.

Yoast:
What then happens to independent marketers given licences to import PMS? Anyway, the policy somersault was inevitable because of poor management of the subsidy removal

They'll still be importing as well......while the govt will be subsidizing for the imported pms.
I think having more than NNPC importing is an added advantage in my opinion.

Agbalowomeri:
If he goes back his administration is finished

I disagree ...
Re-introducing subsidy will serve as a palliative for the masses instead of giving households cash, the cash which will eventually end up in the pockets of few.
There's the need to urgently do something to alleviate people's sufferings.

Kenyan President was said to have done this recently as well.....and his people were relieved.

Though the critics and oppositions will talk, but nevertheless, they'll still come around to appreciate it later.
Fuel price, diesel, gas can't continue to be skyrocketing like this. People are going thru a lot.
Many have abandoned cars and are trecking/entering public transport at double the previous fares, food items gone up, school fees gone up, salaries/wages can't take care of anything again, etc.
It can't just continue like this o.

https://nairametrics.com/2023/08/15/presidency-announces-no-hike-in-petroleum-product-prices-fuel-subsidy-may-return/

https://www.google.com/amp/s/www.theeastafrican.co.ke/tea/business/ruto-reinstates-fuel-subsidies-in-u-turn-4336088%3fview=htmlamp

Yoast:
Sources indicate Elumelu bought Otedola out at a premium said to be between 4 to 6 times the current market price of the share.
https://www.arise.tv/in-landmark-deal-otedola-sells-transcorp-stake-to-elumelu/

This was denied by source closed to Otedola....
They said no premium was paid on it.......and that this was agreed on based on friendship.

President Tinubu is considering temporary subsidy on petrol.......
Guess this is in order .....it will help alleviate people's sufferings....

https://www.nairaland.com/7804378/tinubu-considering-temporary-subsidy-petrol

customstreet:
I learnt that It would be concluded before the end of third quarter.

Similarly, I also learnt that Dangotesugar would be the coy that would metarmopised to DangoteFood where holder of Nascon would swap 11 of their shares for 10 of Dangotesugar and also holder of Rice would also swap their holding with Dangotesugar

This is not 100% confirmed but may be near the truth.

Thanks so much for this heads up.
God bless you.

I've also been of opinion that Dangsugar will benefit much more in this merger. I'd expected the merger to favour Dangsugar more.
How can NASCON be the one giving direction to the merger? Doesn't sound fair on Dangsugar shareholders in my opinion.

Las las, we will know the real deal when official mail on merger arrangement is out.

Streetinvestor2:
How much was ote paid

Around 3.12 if I still remember very well.
He bought @1.35

reucom:
Yes I believe there won't be any problem to be honest. I guess some inner forces are at play here.

Yeah, please Grace put me up to speed where sale of shares is concerned nowadays. What are the charges involved?
Thanks

There was eventually no problem because the meeting was held successfully.

How do you know my 2nd name?

As for sale of shares, it depends on the brokerage house you're using. Maybe if you mention your broker, those using them woyld be able to provide you with the charges.

Ginalex:
Are you saying there's light at the end of the tunnel?. I don tire to dey average don😩😩

Wow! Sorry for this.
Please make dem allow the poor man to breath oooo, they should stop suffocating them......

This market can be irrational sometimes......
The continuous free fall is no longer justified by the financials but by some other factors which may be internally related.

ETERNA and Dangsugar commItted same offence but merger news was able to save Dangsugar on time....

When GT was falling uncontrollably before it eventually started the rally that now took it to 37, it got to a point that it was glaring the dumping had to do more with internal issues.

You're not alone here, just keep the hope alive....
One thing I know is that, it will get to a stage where they'll be tired and will allow the stock to breathe......
Hopefully, TA as pointed out by Agba and Oga BBM will see it stabilize this week and start moving the price up.
Also, the activities there today was somehow a pointer to the falling coming to an end...... hopefully.

CUTIX
Court Ordered meeting to aquire 100% of Adswitch Plc......
Meeting to take place on 25th Aug, 2023
* Adswitch shareholders take note*
https://doclib.ngxgroup.com/Financial_NewsDocs/39270_CUTIX_PLC.-NOTICE_OF_COURT_ORDERED_MEETING_FOR_SCHEME_OF_ARRANGEMENT_CORPORATE_ACTIONS_AUGUST_2023.pdf


STANBIC ETF 30 Q2 DIVIDEND DISTRIBUTION:
Dividend: N2.52
Qualification Date: 10th Aug, 2023
https://doclib.ngxgroup.com/Financial_NewsDocs/39267_STANBIC_IBTC_ASSET_MANAGEMENT_LIMITED-STANBIC_IBTC_ETF_30_Q2_2023_DIVIDEND_DISTRIBUTION_CORPORATE_ACTIONS_AUGUST_2023.pdf

chimex38:
For FBN shareholders..
Wahala everywhere.
https://www.thisdaylive.com/index.php/2023/08/14/shareholders-accuse-otudeko-of-using-court-to-stop-fbn-holdings-agm

Lol.
I know last week's protest must have some kind of link to Otudeko. .......but the AGM is holding virtually tomorrow according to FBNH news.
Let's see if there'll be distruption or not.

OBAGADAFFI:
Airtel should come to MTN level.

AIRTEL can't come to MTN's level barring any unfortunate incidence.

It's just like saying Geregu should come to Transcorp's level.....

The OS are far apart in terms of volumes......but MTN could work on closing gap with Airtel. One of the ways was what you mentioned - reconstruction.

ololufemi:
Could this be a sign that we should start offloading especially when the CEO don dey think of other investments?

No o. Not any sign to offload...
That was why the reason was stated there.......to buy house, maybe for Madam or mistress ....
He still have more than enough shares left, the units sold was like 0.02% of his holdings.
* Besides, the transaction took place in LSE if I'm right.
Telecoms na where money dey o.

AIRTEL
Sale of some shares by CEO to purchase property (Building)......
Still have over 4M units of shares left .....

https://doclib.ngxgroup.com/Financial_NewsDocs/Airtel_Africa_-_Share_Dealing_by_Airtel_Africa_CEO.pdf

Streetinvestor2:
With what is happening. I am having a rethink to pick up my right issue when the time comes. What are your thoughts

You can go ahead and follow your mind sir.

Mpeace:
Voice of rumours has it that ote$ has re started his fbnh control battle. He just added over 100million units. Hmmm. This thing no get end oh.

This transaction happened on Thursday.....and took the share price to 19 (from 17.10 or so).
I just said make e no come be say na only me dey see or report these things here everytime........and Otedola never settle me for this. lol

110M additional stake was added.....
* More likely to follow in the coming Rights Issue...

https://guardian.ng/news/otedola-makes-fresh-move-raises-stake-in-fbnh-with-0-3-worth-n2b/#:~:text=Yesterday%2C%20strong%20indications%20emerged%20that,of%20FBNH%20today%20(yesterday).

DANGSUGAR
Quite a lot of purchases and cross deals @33 today....
I expect Dangsugar to be much favoured in this merger.......looks like Alhaji's baby....

We'll see how it will all turn out anyway...

SEPLAT
- Chains of 90k units @1680.....

emmanuelewumi:
You better sell immediately

Lol. If he should sell this one, na OYO he dey ......
Something wey long termers go take hammer well well.......

thebargainhunte:
Are they paying above #15?

Nobody has any genuine insider news yet......but it's currently on full bid @10.10...