₦airaland Forum

phadriz:
The integrity of AFRIXM management should be question, how could you approve $800m loan for a company without due diligence? No latest audited FS. Africa financial services market I shitty

And do you think a whole AFREXIM will just be dumb enough not to carry out due diligence before granting a loan or entering an agreement?
Me I don't think so......
What I think is that they must have sighted hidden values and potentials which will be worth the effort.

Besides, AFREXIM is committed to injecting funds into power and energy sector of the country as a form of improvement for developing nations.......I think as well as the African countries sha.

Same AFREXIM picked up some % of GEREGU shares.

Think there's more to OANDO recently than we can all see.........which Wale factor has made to be obscured.

Why is this b.o.t. banning @OGG nah!

@dominique please do something about it cos we're missing out on some analysis here!

Mpeace:
E just dey prepare way for ur oando. As seplat dey go up na so your projected price of oando dey rise.
Lol

The only thing I see as major barrier now is the Court Case, once it's out of the way, share price will rise on optimism and investors sentiments.......

Concerning results, there was improvement in the 2021 fye released the last time.........from -ve to +ve.
If 2022 should be more better and Court Case is out of the way, Oando will move up and break the previous high barrier of 16......my opinion....and based on some analysts opinion too.

This is one stock many investors are keeping eyes on....

PZ
Sighted @23.40 !
Any update again?

SEPLAT
Officially @N2,100!!

Ginalex:
Could this be the reason transcorp started jumping up this morning?

Could be one of the reasons......but e never jump self, e still dey receive fresh air. It will respond at its own time.
The fact remains that TRANSCORP is undervalued.......considering the share price of Geregu and maybe some other factors as well.
Worst case is N8.

*Not any form of advice. DD pls. Make no one mention say Mcy say anything*

** On top all the analysis paralysis on UBA for this forum in the past when it was selling at circa 7 and, Tony this Tony that, UBA is sitting pretty well above N20 as at today....

LASACO
Someone is dumping down to 1.70 now!
For the attention of interested bargainers......

UNITY
Full bid for the 2nd trading day.......N1.17....
A rejected stone......
E get one Oga that I was almost begging to buy this UNITY @91/92k but refused.........
.

FIDSON
* In cooperative agreement with China's leading pharmaceutical company, Aidea Pharma
* Especially in the treatment of 1.9M HIV infected people in Nigeria
* Signed on 13 November 2023
https://doclib.ngxgroup.com/Financial_NewsDocs/Fidson_-_Press_Release_on_Aidea_collaboration.pdf

DISCOS
FG signed 250mw power sales agreement with Discos....
https://punchng.com/fg-signs-250mw-power-sale-deal-with-discos/?utm_source=telegram&utm_medium=social

Ecobank/AGF
https://www.thisdaylive.com/index.php/2023/11/17/ecobank-agf-sign-transformative-200m-risk-sharing-agreement

FG/ENi
https://punchng.com/nigeria-withdraws-1bn-claim-against-eni/

mikeapollo:
Please which websites provide those details on real-time offers/bids?
I want to monitor Oando

It's iTrade (showing live trades)

Agbalowomeri:
Breakout or breakdown?

Lol. Help check the TA nah.
Forming support at 6.00/6.03 from our iTrade.....
How's your $$ biz going......abi una don dey run come NGX again?

PETERiCHY:
Really Japaul that you bought #1.30k and panicked sold @#1.18 before the party started

Peter you no go Kee person with laugh.

Meanwhile, accumulation seems to be ongoing in TRANSCORP at btw 6.04 and 6.10 for some days now.....
Is it going to break out or not?
TA analysts over to you.

MECURE: Bids thinning out......
They'll soon start profit taking maybe....

megawealth01:
OANDO is just a bad stock specially for the bad bois... When I say bad I don't mean bad in the actual sense... I mean a blessing to those that can play the game well

I wan edit my post before some people go come with stones.....
Mr. Market will do what Mr. Market will do.
We dey watch am.

CHI PLC
Planning transition to Holdco Structure.....

https://doclib.ngxgroup.com/Financial_NewsDocs/39885_CONSOLIDATED_HALLMARK_INSURANCE_PLC-_NOTICES_OF_BOARD_MEETING_(BM)_-_NOTICE_BOARD_MEETING_(BM)_NOVEMBER_2023.pdf

Una don send UNITY to full bid @1.07......

Customstreet mentioned it before and some people already positioned @91/92k........
Thanks @customstreet , God bless.

* OANDO........ Mega thks.

** DD applies**

Mpeace:
If only NSE would remove the limits on units for daily price movement, this exchange will grow.

Oga, did you consider the downside part as well?
Abeg it's ok like that oo.
Think it was even +/-5% before it was reviewed to +/-10%

*Modified*
OK. It's not about price but quantity.
No vex.

megawealth01:
I got burnt before the reconstruction

It means you were not patient enough.
It paid off at some point after the reconstruction

vacanci:
forecast profit before tax is less than 2M naira for the 4th quarter. Abi i no dey see well?

https://doclib.ngxgroup.com/Financial_NewsDocs/113_Multiverse_Mining_and_Exploration_Plc.__4th__Quarter_2023_Earnings_Forecast.pdf

Think you have to look beyond what was arrived at in the forecast.....
* How big or bouyant is the coy
* YoY /QonQ comparison
* Where is it coming from (financially & otherwise)
* Profit continuity & ability to keep delivering
* The product & prospects
* Pipeline projects

* Don't mind my English and amateur outlook*
* Also note that I'm saying you should carry out your DD. Not in any way speaking for or against it. Won't be responsible for anyone's decision. At the right time, I'll do my own DD too*

OBAGADAFFI:
So insiders just corned the stock ?

Yes......and NGX couldn't do anything about it.
That's if they're even aware in the first place.......I dont thnk there's follow up from their end.

sky2891:
I think Cancellation of unissued shares is a directive to all companies listed on NGX

Youre right that it was a directive following CAMA 2020 rules or so........with Dec 2022 as deadline.......though some extended theirs to 2023.

....BUT wasn't all companies that cancelled their Unissued Shares.
Some issued theirs as bonus, some as Rights Issue while some decided to cancel it.

OBAGADAFFI:
But MECURE did not allow us to enter before the rally.

It wasn't available since day one that it was listed...
They were just releasing few units to keep pushing the price up.

thebargainhunte:
I thought as much, but the os is over 4b.

Share reconstruction was done last year or in 2021, can't remember well now.

- 4.26bn OS was reconstructed and around 3.84Bn was cancelled.....in ratio 10:1
We were discussing it here that time nah, when it was trading at 20/23kobo or so.
Some NSEMPAS may still remember...
@Nigerialabalaba even pointed it out long before now self.
We'll keep watching out for Q4 result anyway.

^^^
Multiverse.

OANDO
Gets $800M loan for NAOC acquisition
https://thenationonlineng.net/oando-gets-800m-for-naoc-acquisition/

AIRTEL
Pegs interim Dividend exchange rate @858.24
https://punchng.com/airtel-pegs-exchange-rate-for-interim-dividend-at-n858/

UBN
Titan Trust takes over Union Bank, to delist from NGX
https://www.thisdaylive.com/index.php/2023/11/15/titan-trust-bank-takes-over-union-bank-to-delist-from-ngx

** Old naira notes remains legal tender indefinitely
https://sunnewsonline.com/old-new-naira-notes-remain-legal-tender-cbn/

** Oando, five others to cut NGX cap by N45bn
https://punchng.com/oando-five-others-to-cut-ngx-capitalisation-by-n459bn/

bisiki2:
Good Day Madam,
Does it mean they will pay an additional 70 kobo?

We don't know yet.
They paid N7 ,the delisting letter says N7.70, so let's wait and hear from them on how they'll handle it at the Court Ordered meeting.

Mpeace:
See a typical Nigerian company delistment and compare this to that of GSK.
Union bank delistment started almost three years ago, and they are still planning for approval, before taking to management. They have not yet started talking about court ordered meeting.

The thing tire person.
When will we start doing it right and, what is NGX actually doing about this?

- UBN's exit has been going on for long and this is like the 3rd or 4th phase again!
*My question is: Which closure of Register date is this one to follow again?
Don't be surprised if the date is still the last one used in 2022.

UBN
NOTICE OF DELISTING
Finally, Union Bank is leaving NGX after more than a year with confusion ...

https://doclib.ngxgroup.com/Financial_NewsDocs/NOTICE_OF_DELISTING_OF_UBN_SHARES.pdf

megawealth01:
I think I gave an expo about what Wale might be forced to do but na gamble things oooooo

Not a recommendation anyways...

Abeg help me just write the first word so I can decode others

We are watching their drama.....

OANDO @11!
E Ku Market o.

megawealth01:
WOW

Mega, check your N***R**outlook.com mail and reply.

C & I Leasing
Bonus issue: 2:3

In 2019, share reconstruction was done........fast track to 2023, bonus issue again.....

Maybe there's suddenly the need for large OS to be able to meet some regulatory requirements...

https://doclib.ngxgroup.com/Financial_NewsDocs/39877_C_AND_I_LEASING_PLC.-BONUS_ISSUE_ANNOUNCEMENT_CORPORATE_ACTIONS_NOVEMBER_2023.pdf

megawealth01:
Yeah. I saw it but can't say sensitive things in public so I don't get into trouble

Pls send me.PM so i can reply you.
Can't see your email again.

* Just click on my moniker, go to my page and click on 'send email message to ymcy56*, then submit. In case you dont know how to send pm. Thks.

*Updated*
@Megawealth01 check your N*****@outlook.com

vacanci:
ok. thank you. was wondering

I earlier mentioned that some glitches were observed anyway........and later updated it to *Fixed*.
Good it's over now.......

vacanci:
abeg aunty mercy make u clear me on this one.

On Japaul right now There are bids queuing at 1.8 but on the offer side, plenty 1.7 and then 1.8.

Why is the bid not clearing?

That should be a system glitch if I'm not mistaking....

It's on full offer @1.79 as at now.....

gbengafaro1986:
abi no be Gtco dey on full bid like this ...abi na my eye dey pain me

Not on full bid........but bids far more than offers and trading @36+ so far....