₦airaland Forum

femu:
Flourmills is a huge company woth many subsidiaries including Honeywell Flourmills

The value maybe affected by debt though

The debt is the major issue Flour Mills is facing for now.....but the company has good business no doubt.

TRANSCORP @6.94 as at now ......
Accumulation still ongoing......

*Edited*

Pullback activities in NASCON and Dangsugar!
Are we expecting some news?

Jats2k2002:
FLMN paid N52 per share to purchase the 11m shares of the former chairman last year.... Disclosure in FLMN financials.

All these CEOs, we may not know what they're up to sometimes.......
Maybe Flour Mills too is thinking of merging her businesses who knows......
Could be one of the tactics......that is, to increase the share price of NNFM, since 4.20 was paid for Honeywell's majority shares....

Merging the businesses, like Dangote is currently doing may likely be in the interest of the Company too.

Na my opinion o. I didn't say that's what is happening. Make una no mind me.

OBAGADAFFI:
That Flour Mills pays more dividend than NNFM, FMN is more profitables.

NNFM price movment might be due OS .

NNFM is pure insider manipulations...
The last dividend paid was 0.35k, so what makes it to be trading at par with FMN if not manipulations?

It's even trading above FMN intra-day as at now self! N35+

* This is just one of the luck and wonders of NSE, just like TRANSCO HOTELS, nothing that NNFM is doing differently.

thebargainhunte:
This is more reason fidson has to shift body. I would have believed that fidson would have been the market leader in that industry, but the way things are playing out, it could be mecure.

MECURE is pure insider manipulations....
Correction will still take place by the time it goes round.....

Meanwhile, there's quite a lot of accumulations and cross deals in TRANSCORP, closed @6.83
Also, from tomorrow, Neimeth should be good for pick.for bargainers......some guys were rushing it last week and it went above 2.40, could be that there's some news who knows...

NEIMETH @1.82 in market.....

Bank recapitalization: Presidency backs CBN....
Investors inject N110B on f.u.g.a.z in two days....
https://www.nairaland.com/7925273/bank-recapitalisation-presidency-backs-cbn

BabsO2:
Oando has a risk - reward profile that is very attractive to risk taking bargain hunters. I guess this is one of the reasons the trade volumes has been high this year especially in the last 3 months thereabouts.

Should the price drop below N11 I will look for a stock to sell so that I can buy more Oando.

Junction 12 is very crucial to OANDO share price......
If it can overcome that junction, then it will move up more......
No be me talk am oo, na the analysts....

**Make nobody talk say Mcy say anything o....it's all at owner's risk......Na OYO everybody dey for now...

Heavy cross deals in GTB.....
1.66Bn staked on it as at now...

This NSLTECH, hhmmm....hope those buying here did their homework sha.....
I no wan say anything o.

MECURE: They don push am to their desired price, na to dey cash out on top retailers remain....

Streetinvestor2:
This is a new angle to me.This could be an isolation case if truely it is not wale behind the delisting. Why are they asking for average of price within 3 months instead of highest market price within three months which I think is the standard. What are we really missing in the whole thing

Now I see someone thinking along my path too......
Something is really missing in the whole story......especially with these 14 minority shareholders.....
Wale didn not have plan to delist from the whole story...
There's some kind of mind game going on, which, if remaining minority investors are not careful, they'll end up playing into Wale's hands.

* Besides, which kind judgement the judges dey judge self since 2021, if not that something is fishy there?

Choiceguy:
Minority shareholder said the share can be acquired at the average price of Oando's share price On the NGX for a period of three months prior to the date of the court order in 2021....abeg make market open make I sell my own sharp! Sharp!!

Abeg go sell sharp sharp make people wey remain know themselves...

Funny how you think something of 2021 will still be prevalent in 2023 or even 2024......and funny how you think the remaining minority shareholders will agree to 7.07 with the level of inflation from 2021 till date...

Read the OANDO FAQ very well and try to put two dots together....

Part of the excerpt reads that "if the remaining minority shareholders agree to it".
Now tell me how the remaining shareholders will agree to 7.07 when the market value as at yesterday is reading 11+.......and more importantly, when majority of them bought above 20 self...

sky2891:
On October 10, Same @ZikkyChops notified us of November 28 quite early just like this.

The guy seems to know about court processes like "Mpiss" said .....seems he's a lawyer or have Court insider info too.

But come to think of it, from TheCables report, this Court Case seems to be between OANDO and the 14 minority shareholders -the petitioner, and not probably with all minority shareholders..... based on the writeup

We needs to get clear information on this case to know Oando's stand actually.

https://www.thecable.ng/court-adjourns-hearing-on-oandos-minority-stake-acquisition/amp

OANDO FAQs
https://www.google.com/url?sa=t&source=web&rct=j&opi=89978449&url=https://www.oandoplc.com/wp-content/uploads/2022/08/Oando-FAQs.pdf&ved=2ahUKEwjRgNu1uOiCAxXXQEEAHRi3A2MQFnoECAsQAQ&usg=AOvVaw0MpzLgpQfThWMGbcg4yhIE

ZikkyChops:
The Court hearing has been fixed for *Feb 5, 2024*. This is an exclusive information

As early as 10.43, you made this post......
Naija we hail thee.....
We are still waiting for the official outcome anyway...

sboga:
for dem who no know say na venus construction b d lead minority shellholders wey dey drag am to court. they don comot since na. tank me latar.
By
Abiodun Alade
Thu, 23 Jun 2022 1:08:08 WAT
A Federal High Court in Lagos has approved the purchase of all the minority shares of Venus Construction Company Ltd in Oando PLC as the energy firm reports N132 billion net loss.

According to its filing on the NGX, the approval was part of the outcomes of the petition filed by 14 shareholders, holding 299,257,869 shares in Oando.

In the disclosure signed by the Company Secretary, Ayotola Jagun, Venus had approached the court on March 25, 2021 for the shares buyout either by Ocean and Oil Development Partners Limited, OODP or Oando.

Can you pls provide a link to this.

stcool:
So we should not discuss a stock because someone decides to buy/not to buy it, based on what I say. You guys always amuse me.

Oga Stcool not referring to you in particular o.
Maybe I should have quoted mikeapollo instead.
He's the one saying it forward and backward, guess he's just looking for some validations on his holdings...

So, if OANDO is giving him sleepless night, let him exit, buy what gives him peace of mind instead........ after all he said his break-even price was around N5 or so.

Some of us are still waiting to see the end of all these dramas after all.

Una don come with your analysis paralysis again......
Anyone not comfortable with OANDO should sell and allow those inside breathe, and allow the forum hear word...

ZikkyChops:
The Court hearing has been fixed for *Feb 5, 2024*. This is an exclusive information

Why is the court playing with investors mind like this....

CONHALLPLC

Price adjusted to N1.09 and is on full bid @1.19

bolton08:
Can anyone recommend a good stock broker for me. I'm a starter.

- Morgan Capital Securities Limited
- Atlass Portfolio Limited

veecovee:
As it stands now, I don't think any Nigeria bank is at the risk of going down, as regards the recapitalization

I dont think so.
The surviving ones scaled thru the 1st recap.
Highest, there'll be merger or acquisition.

Mfunkynation:
it is relisted as CONHALL PLC @0.50k..
why O.50k?

Maybe it has to do with the Nominal value of the newly listed Holdco......."CONHALLPLC"
Not advisable for anyone to sell in panic anyway........until there's clear reason for relisting it at 50k.
I also believed the share allotment will be equivalent to each person's holding value before relisting.

It's on full bid @55k anyway with no one willing to sell.

Some guys are playing "games" of numbers in TRANSCORP.....
Maybe because they've not yet have their fill.....
Trying to bring out offers to match bids, so that the price won't move up....
Whether na Tony's guys we don't know yet.....
Make we dey watch them .....

Meanwhile, I think this recapitalization is going to generate mixed feelings.....but we will see how it goes anyway.

BabsO2:
The rights have not been done but was approved for execution. It's not a private placement that can be done secretly. So the rights is not yet done.

Alright.
Don't know where I came across an info that majority of the Rights has been picked up by few billionaires sha.

vacanci:
after providus swallow Unity bank, another bank will now swallow the mega Providus. Lol

Looks more like this......but Providus is not doing badly too.

That was how an "unknown" Titan Trust came from nowhere to swallow a whole Union Bank of over 100yrs.

We are still watching what Providus is up to........could be that they're picking higher stakes in UNITY to shore up their capital base...

BabsO2:
At this rate (following CBN recapitalization vision for $1T economy) current FBNH rights issue may be canceled and replaced with a fresh one at a higher price like N25 or more in a year or two.

The Rights Issue was fixed @16 and it looks more like it's been done and dusted......
That was why FBNH pulled back to circa 16 from around 20 before now if I'm right...
Correct me if wrong....

megawealth01:
UNITY BANK on full offer
Bids returning

We are waiting for Providus price....
I personally don't expect it to be less than N2, but I may be wrong.

Providus left NASDAQ in 2022 and is currently doing well as a private Company.
Not much is known about the bank anyway but we just hope the price to be paid will be rewarding

FIRST BANK
Full bid @22!!

UBA @21.50!
ACCESS @18!

I said it in one of my opinions that First Bank will likely trade ahead of UBA.....

FIRST BANK @22!
ZENITH @35+
UBA @21.55....
Most banks looking up........
JAIZ yet to pick....
UNITY pulling back......
FCMB still @6.80.....
Transcorp: More accumulations @6.50...

UBA @21 again...
Fidelity @9.40..
Pullback in UNITY......opened @2, currently @1.70.....Bargainers gradually converging at this junction again.....

* Not any form of advice*

thebargainhunte:
Forbes list may come out first week of April, 2024.

Nomination used to commence in December or January, so the merger may be earlier than April.

emmanuelewumi:
Might affect the share price of small and weak banks.

On the contrary, I think small banks stands a chance to benefit more in my opinion.

Some mergers or acquisitions by bigger banks may take place instead.....like it happened in the previous recapitalization.

GUINNESS
* Board meeting scheduled for 27th November to address some strategic business issues.......among others....

https://doclib.ngxgroup.com/Financial_NewsDocs/39909_GUINNESS_NIG_PLC-_NOTICES_OF_BOARD_MEETING_(BM)_-_NOTICE_BOARD_MEETING_(BM)_NOVEMBER_2023.pdf

chimex38:
FROM GT TO JAIZ
https://guardian.ng/news/jaiz-bank-appoints-former-gtbank-executive-musa-md-ceo/

JAIZ don hijack this one from GTBank
* Over 28yrs experience in cognate banking, with 22yrs in Mgmt position in GTB and 8yrs as MD in GT.......until Oct 2023
* November 2023, he assumed the role of CEO in JAIZ Bank.....
* We should expect a positive turn around in JAIZ.....