₦airaland Forum

megawealth01:
Dey play

Same person different moniker

Meanwhile, E Ku Sugar joor......
Lots of accumulation codedly ongoing in the 54/55.30 range........
Some cross deals as well.....

Patiently observing......

DANGSUGAR
Confusion in market over doc interpretation......
As some are dumping, some are buying.......
Think the Koko now is the re-listing price......
In my opinion, Sugar is the main deal to buy .......followed by Salt....

Those able to pick @52.50 low today, should be lucky.......I think......this is just my opinion.....not any form of advice.

From low of 52.50......to 55.......to 56 now.....

* SUGAR: 1:1
* SALT: 12:11 (Sugar)
* RICE: 1:14 (Sugar)

** They should do quick to announce the re-listing price**

phoinix:
LOL, are you going forward or backward? Sugar is the base, everything is converted back to sugar.

Going forward Oga.
Abeg make una no mind my analysis paralysis o.
I already stated that it's my opinion and the way I interpreted the doc. I may be wrong.....

Shalom428:
See Rice as BONUS to Sugar holders

Looks more like this.

If you have 14 Sugar, you get additional 1 share of Rice (converted to sugar). Lol.

Rice is addition.......for every 14 Sugar.
It is the conversion most likely.

*

OBAGADAFFI:
if they Restructures Dangote Suger?

We don't know the size of Dangote Rice

Nothing like restructuring here in my opinion.
Total OS is still less than 18B of BUAFOODS.

Streetinvestor2:
Sis you are wrong. It is the other way for rice.Na rice hammer
Rice I rice equivalent to 14 sugar.

Bros, did you check the nominal value?
50k ordinary share of Sugar to N1 of Rice?
* Rice wasn't listed remember?
* DANGSUGAR is DANGFOODS....
DANGSUGAR shareholders retained their shares as a whole...
*This is my interpretation of it

OK. Let's allow the experts and the Company to break it down for us much more......

essentialone:
Rice is the winner.

In as much as Salt did not win, I didn't see Rice as winner either.

E Ku Merger o.

- DANGSUGAR is the new DANGFOODS!
- % of NASCON to SUGAR is lesser.......salt lesser than SUGAR........12:11
- RICE is invariably lesser than SUGAR too.....1:14
- SUGAR is the winner here.......

From my own opinion, RICE is not listed, the value is invariably far lesser......maybe reason it's 14:1 sugar.....

Make una no quote me o. This is my interpretation and I may be wrong..........but I've said it before that SUGAR will be favoured in this merger........I may be wrong too, events of things will shed more light on the merger

Profit taking in TRANSCORP....

megawealth01:
I've been watching as I load what I can in June and part of July... Just watching NSE magic

How your side ?

I dey o.
Na you dey enjoy o.

megawealth01:
Nawaoh ooooo... This market eh

Where have you been?
No be small thing oo.

See as Oga Emma self use Laugh emoji today.....

SUGAR
Reversed all the earlier losses......
Now back in green.......

* Sighted @63!!!
Seems some institutional investors like those fund managers were taking position!!

GSK: @13.90!!
Seems some people are already getting insider info...

Sugar, Salt, Transcorp:
- Opened on +10% each....
- Pullback in market as at now....... activities of profit takers.....

SUGAR: Reversing the pullback.......FOm 63.15....down to 52.05; now sighted @54......57.....57.30....57.45....

TRANSCORP: From 7.71.......down to 7.02; now sighted back @7.30......7.50......7.70....7.71......more profit taking....

NASCON: Sighted back up.....
GSK: @13.10......
NAHCO: @23.50......

husu:
This is the first time since 2008 dangote sugar is exceeding it's price. I bought around 50naira in 2008. Transcorp hasn't exceeded it's public offer price of 7.50naira

Transcorp too is approaching it, and will possibly exceed it.

Chai! It's well o. Imagine someone that would have bought since then and still waited till now!

Ajibade123:
Transcorp😔😔
Can somebody still buy this transcor

But I replied you since the time it was even selling below N4 nah!
Why asking if you can buy now knowing fully well no one controls the market and it can't be predicted most of the time?

Well, I think Transcorp still have more upward potentials, even if the buyback is taking out of it.
If you see to buy, buy some......with the mind to average down should it pullback......OR, wait for pullback..
I want to believe there'll always be pullbacks here and there along the line.

DD pls.

vacanci:
i use morgan but i am not able to use this feature

Hope you can view iTrade Live Data?

Once you click market view and you're in iTrade live:
* In front of each stock, you'll see a small 🔽 icon..
* Click on it, it will display a tray showing: buy, sell, market orders......
* In front of "Market Order", click the small ▶️ icon there....
* It will display "by price" or "by Order"....
* Click "by Price" to check bids/offers by "Prices.....OR
* Click "by Order" to check individual orders.

** Tips: It will bold your own order, if you place Order for that particular stock**

vacanci:
ok

I edited the screenshot of Sugar, showing the number of deals/bids @57.45.........which is 87 as at now...

vacanci:
na person queue with over 7M units for sugar i dey see so?


be like na same person queue with almost 7M for salt too

It's not one person, it's different bids at those prices...
SUGAR: 83 bids @57.45
NASCON 59 bids @54.10....

Are you using Morgan?
You can view either " By Price" or " By Order"

* The above screenshot was viewed using "By Price" ........it adds and summarizes all bids at same price.

* If you choose "By Order", it will list each bid/offer from each individuals as it's placed for execution.

SUGAR and SALT

FLOUR MILLS
Q4 is out!
https://doclib.ngxgroup.com/Financial_NewsDocs/39346_FLOUR_MILLS_OF_NIGERIA_PLC-_QUARTER_1_-_FINANCIAL_STATEMENT_FOR_2024_FINANCIAL_STATEMENTS_AUGUST_2023.pdf

E Ku Market o.
Bull sighted in the market this early hours....let me add: in selected stocks....banks still on recess.....

TRANSCORP: Full bid @7.01!
DANGSUGAR: @57.30 as at now.....57.45.....Full bid!
NASCON: Full bid @54.10!
NAHCO: Sighted @21.50.......22.......
FMN responding positively.....
GSK: Sighted @12.80! Full bid now!

When me and my Oga was chatting, I told him that, in my opinion, SAHCOL shouldn't be trading above NAHCO all things being equal......don't mind my quack view of some of these things....

** Pls do your DD o! No talk say na one Mcy give update wey make you sell or buy*

Mfunkynation:
Am yet to check out of my room 1.46 ooooo...
please any update?
There will be doing RIGHT ISSUES. don't really understand how the stuff works. can you help interpreted the circular!
Thanks

I've seen the news on the Rights Issue.....

*Pls refer to the post by @Emmasoft on page 7196 and the post by @Customstreet on page 7197 for Rights Issue....
* You can equally read the posts on the pages for other contributions from NSEMPAs.

https://www.nairaland.com/1131485/nigerian-stock-exchange-market-pick/7196#125118775

https://www.google.com/amp/s/nairametrics.com/2023/08/23/ikeja-hotel-plc/%3famp=1

BUAFOODS
Closed @180!!

Looks like more wins for Sugar lovers.....

There seems to be mini bull in market today.....

Mfunkynation:
Am yet to check out of my room 1.46 ooooo...
please any update?
There will be doing RIGHT ISSUES. don't really understand how the stuff works. can you help interpreted the circular!
Thanks

If you can be patient....... especially since you picked at good price.

You have the link to the circular?
Kindly post here so that I and those who knows more than me can help look at it.

Mfunkynation:
Good afternoon dear,
please can i "JAZZ" you a little?

How sir?

Even wanted to ask if you're still in IKEJA HOTELS cos you mentioned something about it with me in tag.

NAHCO @20 ......from 18.30!
Any news?
Or maybe it's just investors activities.......
This stock have been showing lots of strength for the past 3 weeks....

Sell off in ACCESS on the other hand.......
Seems result is close.......but I won't advice anyone to sell in haste sha.
Sometimes we don't know what the insiders are up to...

MeezPat:
Omo e be like GSK don get update o...Some people are buying at almost 12 naira in volumes....Seems banking has chilled small till results are released

Banking is currently on recess.....

DANGSUGAR: Full bid @52.25!
GSK : Full bid @11.65!
TRANSCORP: Full bid @6.38!
NASCON: Full bid @49.20!

This too much Sugar wey una dey chop, diarisGod oo........well, you have drugs to control it beside it.

** GSK is yet to officially move up to 11.65......100k unit transaction required......still @11.20 officially but with full bid @11.65 **

Done! GSK @11.65 officially!

GSK......any update?
Full bid @11.65

Mpeace:
Thats why he deactivated. But He needs to know that we all miscalculate from time to time.
I remember making similar mistakes even on transcorp itself. I remember having millions of transcorp but selling much to explore other stocks then suddenly transcorp rise started, I had to sell the new stock only to get very few units of transcorp. Same happened to me in Dangsugar. I sold at 18 and had to buy back at 23. Sold totalenergies at 200 to re enter at 255.
Mistake he made was not re entering on time.

Exactly!!
Same thing I told one person as well.
It's not the mistake made that was actually the issue, but failure to have re-entered when you sighted positive news and renewed investor sentiments!
...Especially as a jijoist major that he is.

Loco, if you're reading try and come back, learn from the mistakes made and become stronger.
If everyone should be telling you their mistakes at one point or the other, you'll see that you're not alone.

Opportunities will always surface from time to time in this Market.

DANGSUGAR arrived KM 50!
Waoh!

Sugar overtakes Salt as at now......50......50.85.....51.80....52.10......52.25......full bid!
Up with +4.75

NASCON: @49......Up with N4.25!!

* Caveat: Not any form of advice*

Boshins:
it's called analysis paralysis...

Na so.
Permutations, combinations, analysis and paralysis......

Streetinvestor2:
Really, but the monkey hunting was an old talk.we wr compering note on Transcorp and caverton few days ago.Abi people saw his call for caverton as MH

What happened is most likely not your note comparison on Caverton........but I suspected TRANSCORP as one of the causes......

Loco has made lots of wrong moves on Transcorp since when it was trading at below N1 and must have been painful to him.

He was saying with almost all certainty that Transcorp won't move anywhere, he pulled out and went to Caverton.......just for Transcorp to make U-turn and started racing up......

This market can't be predicted with confidence, it can rubbish some theories sometimes, FA/TA and even the analysis of the experts.

Transcorp is again on full bid @6.38 today......