₦airaland Forum

Kreos44:
Maami, no market update yet?

Lol.
We don carry touchlight go OANDO house.....

Market not generally doing badly so far......

* Some Pullback in Sugar btw 68.30/68.80......retailers activities.....
* OANDO: Still on full bid @7.35 till now......
* TRANSCORP: Getting investors attn and moving up gradually..,.....@6.89 as at now....

mikeapollo:
The buyout offer is just an offer and it ultimately depends on the verdict of the shareholders, not the court.
Once the shareholders reject the buyout offer at the AGM (which is now almost certain), the buyout dies automatically, and then the company continues to operate as usual with current shareholders interest remaining intact.
With the news of the acquisition of ENI, it is almost certain that the shareholder would reject the buyout offer, because the offer price of N7.07 is even too small for majority who bought the shares at N20 and above.

Think you made some valid points here.
Shareholders should reject the buyout price at the Court Ordered meeting, then case closed....

Either the company will be forced to up the buyout price or drop exit and continue to operate as listed company.

Let's be watching the drama sha.......

E Ku Market o.

Battle for the soul of OANDO the newest bride in town........

Currently trading @7.35 in market.......
Went as low as 6.80.........now @7.35.....

I hope shareholders can forced the management to pay higher exit price if the price goes much up than CP...... especially since the case is still in court.........that's if the company will eventually delist self.

Think we've talked about this here as well.

** Caveat: Not to be taking as any form of advice**

Ajibade123:
What's the possible outcome

No one knows yet.

*Modified*

Series of Sugar chains.......
No be small thing.......

Ajibade123:
Should we wait for oando or we can accumulate now

Where were you since all these days that it was trading at below 5.50?

No comment on OANDO for now, except the daily updates.....
Case is in Court and we don't know what the outcome will be yet.

If it favours, OANDO dey go up be that oooo, it will turn to another Sugar possibly.........but if delisting stands, then the buyout price is N7.07.

* If to say you'd picked btw 5/5.50, then you have nothing to fear, either way it's win-win, but as it is now......lip sealed first

The strength of this Sugar and Salt though......
After initial Pullback.......
SUGAR now @70......
Salt @62.......as at now........

OANDO:
- Opened on full bid @6.70......
- Profit taking took it to around 6.30 or thereabout.....
- Back on full bid @6.70 again....

* The perceived barrier now is the circa 7/7.10 region........
Caught between the exit price and court judgement : which is still undecided (some are of the opinion that the judgement will be cancelled; to some, the judgement will stand)......
It's well, we are watching.....

** If OANDO should scale thru this court hurdles, na to dey pursue am oo.........but if otherwise....

otokx:
Will the strike affect the market?

I don't think so.
Besides, no agreement between relevant parties yet.

https://www.nairaland.com/7828511/tuc-backs-out-2-day-warning

Streetinvestor2:
I don't think anyone has time o be reporting unless you are derailing the thread

You spoke well but used this to spoil it!!
If you're truly familiar with NL street, you'll know what I posted was also possible.
Besides, I posted my opinion, you could have just countered it without the last statement.
No need to drag this further again pls.

hpymoment:
I tried registering on meristem and it required a clearing house number. Please what does that mean ?

Clearing House Number (CHN) is not required for a new account.......
Rather, a CHN will be generated for you when your broker open a trading account for you.

* If you're a newbie to the market, I'll recommend Morgan Capital Securities Limited for you......
We have quite a lot of users who could attend to some of your enquires here.

smartoskie:
Please o when is the book closure date for Fidelity Bank interim dividend.

Qualification Date: 15th Sept.
Book closure date: 18th Sept.
Payment Date: 22nd Sept.
Interim Dividend: 0.25k

https://doclib.ngxgroup.com/Financial_NewsDocs/39383_FIDELITY_BANK_PLC-FIDELITY_BANK_PLC_PAYMENT_OF_2023FY_INTERIM_DIVIDEND_PAYMENT_CORPORATE_ACTIONS_SEPTEMBER_2023.pdf

Princkez:
please any update on GLAXOSMITH offer price?

No update yet

hayyawithme:
They enemies of progress in this group has reported him custom street to the moderator.
That's why he got the ban.

Why did they report him?; Because of his information on Dangote Sugar which all of them benefited from. But because ordinary human like me fellow to benefit that's why they were not happy because they want all good thing to be for them.

With that they judge him that he is leaking insider information.

Contribute positively to the forum, they will not, rather they turn themselves to guest monitoring spirit reading.and benefiting from all the good information being given given out from free minded people here....

Hhmmm. It's well.

Weird as it may sound to some ears, this quoted post is not far from the truth.
They won't allow the poor to breathe in peace......

PZ
Also going.........
Offer Price: N21.......subject to board and shareholders approval......

https://doclib.ngxgroup.com/Financial_NewsDocs/PZ_Cussons_-_Project_Thomas_Market_Announcement.pdf

OBAGADAFFI:
Your CWG prediction

Seems you already jumped inside the bus when it pulled back last week........
Something seems to be happening there........

I suspect the extension granted the company to meet the free float requirements.........
CWG may be on its way to generating N40B or 20% free float........
Any means will likely be used to achieve this.......not limited to pumping or bonus scripts.

Lol. Just my opinion sha...... I may be wrong.....

** Do not take as any form of advice o. DD applies**

veecovee:
Sugar on steroid

Full bid @66.55 now!
Up with +6.05!!

Looks like the FPIs are also taking position here........na dem dey buy like this....

currentprice:
deactivate ke, are u sure? y now, u don't need this if it true. member miss u

Loco let chat, get one penny stock for u

Lol.
CP, so na only Loco you wan bless bah?
Issorite o.

He didn't deactivate it! The moniker is viewing the thread now.
Loco no dey take ear hear penny stock.....He don jump out quickly......

E Ku Market o.

I don modify my post, if actually he deleted the 2nd handle too.

Meanwhile,
SUGAR @66.55, SALT @61.15, BANKS are doing so well in market.......

TRANSCORP, LASACO, CWG......also performing well....

Seems some people have not fully digested Fidelity result, they'll come and bid it high when time comes.....Just the way they're rushing SUGAR at high level now......
78M bids Vs. 9M offers.......as at now.....

GTCO
Q2 2023
https://doclib.ngxgroup.com/Financial_NewsDocs/39375_GUARANTY_TRUST_HOLDING_COMPANY_PLC-_QUARTER_2_-_FINANCIAL_STATEMENT_FOR_2023_FINANCIAL_STATEMENTS_SEPTEMBER_2023.pdf


CORPORATE ACTION:
Interim Dividend: 0.50k
Qualification Date: 14th Sept, 2023
Payment Date: 25th Sept, 2023
https://doclib.ngxgroup.com/Financial_NewsDocs/39376_GUARANTY_TRUST_HOLDING_COMPANY_PLC-GTCO_-CORPORATE_ACTION_CORPORATE_ACTIONS_SEPTEMBER_2023.pdf

[quote author=Princ :okez post=125502794]TRANSCORP will be next...TRANSCORP has started its own bid...[/quote]

MrDiligence:
Hi please what's your take on transcorp. Hold or sell. Thanks

Full bid now @6.67.......

Fidelity @7.75.......full bid

Banking stocks doing well in market.....

** DANGCEM: Thise last moves though!

Mpeace:
Go thank yMcy56 na she dey move seplat

Lol.
Don't only thank me, be packaging my Christmas gifts as well......

E ku market o.

ZENITH, UBA: Investors optimistic about coming results......
ZENITH @34+ now.....
UBA: 14.50.....

FIDELITY BANK
Q2 2023....
https://doclib.ngxgroup.com/Financial_NewsDocs/39374_FIDELITY_BANK_PLC-_QUARTER_2_-_FINANCIAL_STATEMENT_FOR_2023_FINANCIAL_STATEMENTS_SEPTEMBER_2023.pdf

Mpeace:
Sepalat move yesterday was huge surprise and took adequate care of my dang sugar and nascon losses. Who know wetin push seplat to do maximum daily return yesterday? Abi na Mcy56 hand?

Lol. Na we dey move am.
It's food for the big boys.

Happy New Month o.

Some people and analysts are just seeing what we interpreted here......

SUGAR and SALT full bid.........

Fidelity: trading at day's high......@7.75.........

MrDiligence:
3.3,

....but why didn't you sell with +💯% and wait for pullback self?

Wanted to ask before, but just thought maybe you're a long termer.

ETERNA
In last minute buy?
Saw the movements and the cross deals @15.......
Quite some strange activities during market hours.....
Will watch if it sales or purchases, or whatever was driving the volume today......

DANGSUGAR
28.8M in transactions with over N1.6B staked on it....

* Just market observation*

emmanuelewumi:
He no get Dangote Sugar and NASCON. He is a one stock man

Lol
If to say Sterling is his favorite bank, we for say he's living up to their Motto...........A One customer bank....

BullBearMkt:
...too much of sugar is harmful to human's health, but in this case, too much of sugar will send investment portfolio to the moon!
"Just remember to brush your teeth!"

Lol. Thanks boss.
This look as some kind of assurance again from an expert.

Oga Agba did not even help us put mouth for this Sugar matter since it started......maybe na Salt he like.

MrDiligence:
Thank you very much. Truly appreciate all you do here. God bless you abundantly. Amen

Amen.......and you too.

Over 134M units done so far today, some cross deals in-between........
At least if there are no buyers, sellers too will just display their wares with no/or few people pricing it ni.

If it were to be in the past, e for don enter full offer since......,but not so this time around, meaning some people are seeing lots of good things to come in it.

MrDiligence:
3.3, Thanks to your recommendation about 3weeks ago

Thanks to God.
"HOLD "

I've been monitoring the movement since market opens, I'll say there's still high investors interest and sentiments on it, even though it's presently selling below yesterday's close......anything can happen.

Strong support is still above N5 according to TA analyst so far.

It touched 7.71........if investors interest persists (together with impressive Q3 or positive news) it may retest that region again........this one na my opinion.

MrDiligence:
Hi please what's your take on transcorp. Hold or sell. Thanks

What's your entry price?
Though I'm not an expert o, can just advice you with what I'll do if in your position.
The TA ogas could also help us out here.

* I think "Hold" is the advice from analysts for now.