₦airaland Forum

Deadlytruth:
If FTN COCOA which suffered illiquidity before now is trap-free in this bull, I wonder where the trap could ever be in CHAMS which had been liquid long before the Advent of this bull.

I wonder o boss.
Even E-Transact is @10.35...

Meanwhile, FIRST BANK cross deals @22.30 ongoing.......this one na season film....Billions rain!

locodemy:
Mercy,I have exited chams.I have large volume in chams and need to exit all at same time.I am glad I did it this morning.My spirit is strong and guiding my investments this time.
Japaul and chams are not in same class.

Issokay o.
But you're not the only player there na, so you shouldn't expect it to tank because you exited....

CHAMS is even one of the stocks being recommended by some experts and broking houses with N2 as target price..... So to think it won't perform again is going to be left to Mr. Market and no individual decision.

UNITY: @1.78! Full bid
JAPAUL @1.22! Full bid
CHAMS @1.27! Full bid
JAIZ @1.98! Full bid
TRANSCORP @4.54! Full bid
FTN COCOA @3.50! Full bid
NASCON @25.15! Full bid
CHI PLC @1.41!
MRS @1.08!
GT @37!
ZEE @36.40!
FCMB @7.30!
FIDELITY @9.60!


MRS now @109.45!!
Hope for ETERNA...

locodemy:
Chams has delivered 300%.
It needs to rest.
Japaul is the best place to be now.
Japaul will deliver 1000% but not in a straight line.I can't deceive myself.

Seems you already exited CHAMS......if not you won't talk about rest.

Chams is currently on full bid @1.27......
As you've exited with your profit, congrats though.

megawealth01:
They will be trapped for sure

Mega, what do you mean by being trapped?
As much as I know, profit taking or pullback is allowed...
Just keep marketing your IB and leave Chams alone...

This is Chams as at now.....full bid @1.27!
Don't know where you see trap from...

LASACO
Someone or an entity seems to be holding this stock down from moving.....
They're busy crossing it at the moment.....
Let's see what happens when they have their fill.....

Princkez:
The guy we advised to hold till after dividend payment will be celebrating by now

Lol. He for dey regret selling by now....
Was telling him to average down, but I guess he didn't.......but at least, it's good he didn't sell.

Mpeace:
Someone just burst the full bid. There are now offers

Are we looking at different offers/bids?
Cos as at now, it's still on full bid....

In another news, TRANSCORP is on full bid @4.54!
ACCESS @19.25!
UBA @15.60!
ETERNA @31.20 full bid....

FIRST BANK as at now:

FIRST BANK
On full bid @22.30......
Bids increasing......

* Crutial meeting held on Sunday by the directors to plot how to respond to Otudeko's re-entry ...

https://businessday.ng/news/article/first-banks-biggest-single-day-trade-sparks-rumours-of-otudeko-return/

DANGCEM
Share buy-back tranch 1..
- Commencement date: July 17, 2023
- Duration: 2 days (17th & 18th July)
- Tranche size: 168.73 million (representing 1% of total fully paid up ordinary shares)

https://doclib.ngxgroup.com/Financial_NewsDocs/38933_DANGOTE_CEMENT_PLC-DANGOTE_CEMENT_PLC_SHARE_BUY-BACK_PROGRAMME_-_TRANCHE_I_CORPORATE_ACTIONS_JULY_2023.pdf


* World bank to boost Nigeria's electrification with $750M..
https://guardian.ng/business-services/world-bank-to-boost-nigerias-electrification-with-750-million/


* FBNH: Notification of acquisition of substantial shareholding by Barbican Capital......A company owned by Oba Otudeko's children...
https://doclib.ngxgroup.com/Financial_NewsDocs/Notification_on_Substantial_Shareholdings_Barbican_Capital_Ltd.pdf

FBNH
Majority shareholders held meeting on Friday to join forces against Otudeko and prevent him from taking control of First Bank.....
Interesting times ahead.....

https://nairametrics.com/2023/07/08/exclusive-fbnh-majority-shareholders-to-join-forces-against-otudeko-in-battle-for-soul-of-the-bank/

FBNH
* @Frangel - it wasn't new investors as earlier said....the shares were mopped from Oba's allies who must have acquired the shares for this particular purpose...
It was pre-planned
https://nairametrics.com/2023/07/07/exclusive-oba-otudeko-behind-4-5-billion-fbnh-shares-transfer/

Frangel:
And they waited till the closed period to execute when others cannot officially counter. Interesting days ahead.

FBNH is a very huge business with many profitable subsidiaries. A giant in the sector, limited by insiders.

Thanks for your insights.

Oga forget closed period, that rule is not for some people.
- FIrst Bank's billionaire issue was an unfinished business......... especially now that the Former CBN governor has been suspended.
- CBN had hands in the choice of Adeduntan as the Board chairman.....
- It was a battle among 4 major billionaires, of which Adenuga must have somehow withdraw tactically.....now battle among Otedola, the Odukales and Oba Otudeko.
- Now, Oba Otudeko has some billions to throw around from the sales of Honeywell possibly.....so he's probably staging a comeback, which may probably be met with resistance from the other parties/factions.
* Needed to update myself again self.

Well, we leave story for unfolding events...

Frangel:
Sure Otedola did not have that volume. Oba has had strong influenced in FBN for quite a while. Possibly new sets of investors altogether are taking position. To gather that volume must have taken some time.

All would be revealed in the next few days.

I don't think they are new set of investors but Oba's faction...it's a planned work which they must have been planning since he was ousted from FBN board.

We should expect counter action from the Adenuga/Adeduntan's faction as well.
We needed to know Otedola's faction and who brought him in, or maybe he just saw opportunity and entered that time.

We'll likely see rain of billions in coming days......
11% no be moinmoin, let them sha come and mop up on the floor......retailers need to chop...

megawealth01:
It's possible he sold off at a very huge gain

Well, we'll know in coming days......but he couldn't have been the only seller (if at all he's the seller) cos his stake was 5.57%

Frangel:
This is more like it. Closed period comes to mind when insiders are restricted; and corporate raiders can have the field.

That's over 10% shares of FBNH.

11% was recorded to have been purchased by Oba.
* As it is now, he has become the highest single shareholder in FBNH.
- Otedola: 5.57%
This baba like vawulence so much....
Let's see how Otedola will respond to this....they pursued him in TRANSCORP, will he concede to defeat here too?
Hope he's not the one that sold at premium again..because he's average price was less than N10...
- Let's hope it's not planned work btw Oba and Otedola as well.....because those ogas can be something else.
We see how it goes.....but whichever way, I think it's a win win for shareholders.

Mcy56:
Once the news is confirmed that it was Otedola that increased his stakes, then we'll see SA in action well well.
The first time he bought, we saw how investors reacted to the news.
We saw how he moved Transcorp from 1.35 to above 3......and TRANSCORP hasn't go back to 2 talkless of N1 since that time.

So, this b.o.t don unban me, if it won't ban me again...

Oh well!! Its Oba Otudeko again!
These people knows what they're enjoying in this bank, so they don't want to back down easily.

But this Oba get mind and money sha! Imagine him buying FIrst Bank@19/20!
Definitely, they must have seen value there. About 2.5B spent today again.

Otedola needs to step up his game.

All well and good. Let the competition begins!

ogoo4real:
Morning folks.
Is it advicible to buy Eternal PLC shares at this price pick. Please I need your humble advice.

Do you mean today's price?
In my personal opinion, I think Yes!

It's even on full bid @25.40 self......

* Pls do your DD o. I just gave my personal opinion on it. Nothing more, nothing less. Lol. *

- Profit taking witnessed in some stocks earlier....
- Some reversing the earlier shedding.....
- Some who couldn't get in to some choice stocks are using the opportunity to enter.....
- Market still witnessing volumes.....

*Edited*...... before someone will come to blame

* Pls do not take as any form of advice...it's just update on what was observed in market*

Mpeace:
UBA on full bid. Hmm

Full bid @13.45!
N1.4Billion spent so far ...

Where are the analysts saying UBA is this, UBA is that?

Btw, LEARN AFRICA is looking for 100k bulk trade to move up since....

Mpeace:
But transcorp don't have enough units to move up officially. Who go help us naa?

The Transcorp that entered full bid @3.86 or which one again?
Profit takers' activities is what you're seeing...

lancee:
ymcy56 ..Fcmb getting some attention

You're in FCMB?
In as much as other banking stocks are moving.... Fidelity moving, FCMB have to move......

This is FCMB's status as at now....at 5.50..

* TRANSCORP: Now @3.70......3.80......3.86.....full bid..

*GTCO: Arrived KM36! 36.50!
* ZENITH @35!

ZENITH: The first to enter N1B by VALUE for today....
Followed by ACCESS.....
UBA followed....

ACCESS officially overtake FBNH.....
ACCESS: 18.10! 18.20!
FBNH: 17.50/17.60! ......18!
UBA: 13.30! .....13.35! ......13.45!! Full bid!

* STANBIC: @59!

Btw, who are those preventing MANSARD from moving up self? Make dem careful o.
So also LASACO...

yMcy56:
E Ku Market o.
Market resumed stronger this early hours, with some stocks on full bid already.

No one seems to be willing to sell CHAMS again self......full bid @81k.....

UBA sighted @12.80.….
ACCESS @17...
ETERNA : @23.10 full bid....
UNITY @1.29, CHAMS @81k, COCOA @2.62, IKEJA HOTELS @4.38, CHI-PLC @90........full bid......

Hope we can convince and not confuse you that Mcy or Loco are not using a million to pump or manipulate Kobo Kobo Stocks.....😛🤗

Meanwhile, whosoever is buying IKEJA HOTELS should bear it in mind that it will be marked down for both dividend and bonus on the 6th of July.

NAHCO: Officially moved......now @20.05!
PZ @24!
UNILEVER: 17!
JAIZ @1.81!
CONOIL: @88!
TRANSCORP: Moving small small, wt bids increasing......sighted @3.67....

* ACCESS pulled back earlier to 17.40......now back @18 again....

dapix:
UBA-12.90 u mean?

Na so.....

FIDELITY @7.70...
FCMB @5.58....
GT @35.50..
FBNH: @17.50...
UCAP: @16.85...

Princkez:
you forgot to mention JAPAULGOLD on full bid...

Lol. JAPAUL full bid @77k

UBA: Again sighted @11.90....
ACCESS: 17.50/17.60....18.....18.10.....
This ACCESS just dey vex anyhow today.....

STERLING: 3.69....

E Ku Market o.

Market resumed stronger this early hours, with some stocks on full bid already.

No one seems to be willing to sell CHAMS again self......full bid @81k.....
Loco, and anyone enjoying this CHAMS ride, if you like don't remember to send me Christmas gift this year you hear........and also to OGG.....God willing..

UBA sighted @12.80.….13......13.20.....
ACCESS @17...
ETERNA : @23.10 full bid....
UNITY @1.29, CHAMS @81k, COCOA @2.62, IKEJA HOTELS @4.38, CHI-PLC @90........full bid...

PETERiCHY:
See Oracle and his generational low gang sneaking into the market

Well done sir..
Could have been you also.....shebi you said you're coming back to the Market in November but you sneaked in since March or so....

Btw, where's youngbuffet ?
The guy for dey one corner dey look market with side eye.....

debeey87:
We need to check fpi inflow for June first then we can tell if more money will enter the market in July.

Na so.
..but I think June's inflow will be higher than that of May.......and from the look of things, more will likely still enter in July, all things being equal.

Today Alone:
ACCESS: N4.14B !
GTCO: N2.6B !
ZEE: N2.5B !
UBA: N1.1B !
AIRTEL: N1.92B !

UBA: It seems someone is still accumulating and preventing the price from moving up.
We see how it goes in July, God willing....

The type of funds that entered this market today though!!

AIRTEL
In market.......Up with +59.90!!
N1.6B spent within few minutes!

PZ @22!