₦airaland Forum

High concentration of locals in the market these days seems to be a blessing in disguise...

Market not tanking as may be expected....

It's not all stocks that you'll be jumping in and out of it all the time.....

MeezPat:
Is there a story behind this FTNCocoa...Some better companies are on full offer...This one still dey green with plenty bids

Lol.

Mpeace:
Wow. Excellent result. This one will move once nse suspension is lifted

Is that not the same result some people said was poor here!
It is well.

Pls @currentprice where are you o.....

Bargains resumed for DANGSUGAR today.....

* NASCON Board approved merger with others...... Dangsugar and DANGRICE...

https://punchng.com/nascon-board-approves-merger-with-dangote-companies/

Shalom428:
Last last Alhaji will not lose, he will use Dangote Food to make up for the Dangote Sugar loss . If you are already in the bus , don't panic. Things are not as bad as they seems. The cash flow is still very HEALTHY. The Dangote Sugar result would have been a very good one if not for FINANCE COST . The company is still as strong as ever. This is not a buy / sell / hold recommendations . Due diligence please. Shalom

Exactly. I don't know what the panic is all about.
I thought I'm the only one that's seen the opposite of "run" that some were shouting.

Meanwhile, CONOIL position has changed to green!
From circa -N91 red to +N110 green!

* GTB turned amber.....then green....

Mfunkynation:
Good morning this Reddy Morning

GT and ZENITH will change market direction once a fantastic result is released........just like FBNH did....
So also ACCESS/UBA...

We should just be hopeful that the results will be fantastic.....

You want it down because you're looking for bargain, some others want it up because they already position in the market........lol.
- Overall decision is for Mr. Market to make.

* FCMB, FIDELITY.......getting positive attention in market.....
* MANSARD, SUNU......full bid..
* Cornerstone at day's high..97k...some offers appear ..
* Mixed reactions in some stocks.....
* Eyes on other banking stocks.....awaiting result from GT, ZEE, ACCESS, UBA...
* Full offer: ETERNA, DANGSUGAR.......

** DANGSUGAR may be making announcement concerning the merger soon...
* AGM done on 28th July,

monopolistic:
of Dollar Investment Income .

Aside revaluation, MANSARD has been involved in digital insurance, doing insurance promo and also partnering with some Coys for Insurance on more convenient and reduced payment stuff.

One of it here:
https://www.google.com/amp/s/punchng.com/axa-mansard-berkshire-partner-on-motor-insurance/%3famp

aameyah:
I haven't been paid. Please how do I get my money?

Contact First Registrar

https://www.google.com/amp/s/investogist.com/uniondac-concludes-scheme-of-arrangement-and-the-intent-to-delist-from-the-exchange/amp/

Mpeace:
Your own better you see explanation for the loss.
I no fit find explanation for seplat poor performance. Revenue was positive, same with gross profit but it appear like they have stared that thing transcorp use to do. Non controlling interest and equity holders of the parent company don dey share the profit.

Lol.
SEPLAT na big boys food na....does the performance used to justify the price before?
They know what they're doing by quickly moving the share price up before releasing the result. Lol.
Na to say make you just dey enjoy your quarterly dividend.

In spite of the result, they already announced Q2 dividend.
So also MTN.....Interim Dividend is N5.60k

https://doclib.ngxgroup.com/Financial_NewsDocs/39156_MTN_NIGERIA_COMMUNICATIONS_PLC-MTN_NIGERIA_DIVIDEND_INFORMATION_H1_2023_CORPORATE_ACTIONS_JULY_2023.pdf

https://doclib.ngxgroup.com/Financial_NewsDocs/39103_SEPLAT_ENERGY_PLC-CORPORATE_ANNOUNCEMENT_ON_H1_2023_INTERIM_DIVIDEND__CORPORATE_ACTIONS_JULY_2023.pdf

From the activities on the floor, one can conveniently say that some insiders do see and act on these results before it's made public.....

Custodian was selling at day's high today, despite that there wasn't any bid at the day's high, hhmmm, it well.
So also some others...even before today.

https://doclib.ngxgroup.com/Financial_NewsDocs/39139_ETERNA_PLC.-_QUARTER_2_-_FINANCIAL_STATEMENT_FOR_2023_FINANCIAL_STATEMENTS_JULY_2023.pdf

I've been checking for Eterna result since.....but can't get it on NGX yet....*Edited: seen!

* If we look closely at the result, ETERNA's profit was more than doubled......over +100%
* The FX revaluation loss was attributed to the PMS importation expected in July but for which the order was made in the 2nd quarter...
* I saw a news with regards to this importation challenges before now.......on self funding stuff.
* This FX loss doesn't seems to be what it is on the paper....... b/4 the Unification issue came up exchange was 461 but unification drove the exchange up to 642/700+.........this has must have been fully captured in Q2....
* I saw this as a paper loss that will be rectified as soon as Orders starts to arrive.
* Hope I'm even making sense..... ......we will wait for Eterna at good bargain junction should Mr. Market decide to 'punish it....knowing fully well that a good news will take care of the rest.

PS: I have Eterna and not ready to sell.

Shalom428:
Nascon too sweet

DANGSUGAR also cleared the red.....
Before, NASCON look up to Dangsugar, now it's NASCON that's holding Dangsugar by the hand.......no be small thing.

NASCON
- I didn't open it yet......but it seems the red here already turned green in market...

https://doclib.ngxgroup.com/Financial_NewsDocs/39126_NASCON_ALLIED_INDUSTRIES_PLC-_QUARTER_2_-_FINANCIAL_STATEMENT_FOR_2023_FINANCIAL_STATEMENTS_JULY_2023.pdf

TRANSCORP
- Seems someone somewhere is preventing the price from moving up.....
Trying to keep it @3.60 for quite some while now.....
- Once 3.60 offer is picked up, he supplied another one at that price......
- Are they keeping it down till they're done digesting the result or done picking their fill? Only time will tell....
* Sellers not also willing to sell below 3.60 again...

FBNH
Quite some volume @18.60....

Streetinvestor2:
.I plan to do that.I will sell of my oil shares (total and con oil) transfer the money to cham/transcorp for like 5 -10 yrs horizon

What about the dividends coming from Total and CONOIL, guess it's something too.
Why not sell some and leave some sir?
I believed you know what's best for you anyway.

Streetinvestor2:
You get eyes.Nice results from chams.I see it as another ucapital of the future yrs.People sabi panic once they see red..I am beginning to think majority are seeing the market as gambling arena or want quick cash because of the economic situation presently in the country

If someone can just buy this and forget it in the portfolio, it may end up paying off......to long termers/value investor especially.
Think this was also said when it was trading at circa 26/30k or so.

So also Transcorp.

** You're right about people's viewing of the market sir!
Many want quick cash, thus see NSE as gambling ground.....any little cough, you see them pick race, if it reverse the 2nd day again, they start jumping in...
More reason posting updates here these days is much risky.

@Onegentleguy I sincerely hope you're okay and doing fine.
Do pls take care of yourself.

OBAGADAFFI:
Pull back is expected With bad results.

Imagine Flour Mills payment .35k

I've seen that dividend somewhere for more than a week o, I thought I made mistake, I said I'll recheck but not chanced.

Lol. The consumer goods are taking hit......contrary to what we expected.
I'd thought with food inflation and co, that consumer goods will outperform in Q2 but it wasn't so.

Meanwhile, GT is still showing strength in market ....... wonder what this one is coming with...
Hope it won't disappoint sha.
GT better behave, make e no come scatter the market.....

Small pullback analysis don full ground.....

Well, some stocks are sighted to be reversing the earlier losses as at now.......
Maybe na me no come dey see wetin the analysts dey see o ..

* NASCON and DANGSUGAR are taking serious hit so far.....
* GT back to 37.......37.50....
* NAHCO responding to good result probably........
I don't even expect SAHCOL to be trading above NAHCO self....

** A good and impressive result from Chams from my layman's view!

https://doclib.ngxgroup.com/Financial_NewsDocs/39109_CHAMS_HOLDING_COMPANY_PLC-_QUARTER_2_-_FINANCIAL_STATEMENT_FOR_2023_FINANCIAL_STATEMENTS_JULY_2023.pdf

Streetinvestor2:
I don't get it.why would the resident House charge me when they are not rendering any service to me.The only reason I would want to open another account is to move from another house.

Pls anyone who has transferred from active house before should share the cost implications.

* You'll pay Transfer of Stock charges with the resident house......na you wan carry their potential fees go na...
* The cost varies from house to house, but should be around N5k or more, depending on the house.
* The 10days mentioned by Emma doesn't work like that ooo........if it's fast and maybe he's going to oversee it for you by himself, then be looking at 2-3mths, if not it will pass 3 mths.
* You don't have to open another account with Investment One prior to the transfer.......
* Once the transfer is successful, Investment One will create an account for you with the coming transferred shares........CSCS won't allow the account to be lumped with existing one.
* Once transfer is successful, remember to cross check and ensure that your "Direct Cash Settlement Form" was indicated "NO" and activated from CSCS end.

CUTIX
Corporate Action
Final Dividend: 0.12k
Qualification Date: 11th Aug, 2023
Payment Date: 31st Aug, 2023
Registrar: Crescent Registrar

https://doclib.ngxgroup.com/Financial_NewsDocs/39096_CUTIX_PLC.-CORPORATE_ACTION_ANNOUNCEMENT_CORPORATE_ACTIONS_JULY_2023.pdf

thebargainhunte:
Transcorpean's result is out. Good result.

Fantastic result ooo...
The days of Transcorp below 4 may soon be over.....
Saw Transcorp at 3.50 yesterday and was just saying to myself .....see opportunity!
Otedola knows what he saw ahead before offering to buy it @6 even when it was selling at circa N1 that time.

https://doclib.ngxgroup.com/Financial_NewsDocs/39100_TRANSNATIONAL_CORPORATION_PLC-_QUARTER_2_-_FINANCIAL_STATEMENT_FOR_2023_FINANCIAL_STATEMENTS_JULY_2023.pdf

Mpeace:
Political cabinate list. Lets see how the portfolios are assigned.

This ministerial list pala.va, what has it got to do with performance if I may ask?
Na just kwesion o...because I don't know.

More results coming in.....
Mixed reactions in market...

https://doclib.ngxgroup.com/Issuers-section/corporate-disclosures/company-results

Streetinvestor2:
Adova has delisted. IIf one does not take up the offer. What becomes of you holding .I thought payment for those who are interested comes before delisting.

I honestly don't know what the hurry hurry was all about
There are processes to follow when delisting.....who could have jumped the protocol in NGX for some gratification or egunje?
Courtville started this delisting process before Ardova and till now SEC is yet to attend to the issue fully...
- Truely, the rules are not meant for everyone in Naija.

..but why is no one talking about it here? Thought we have the shareholders here as well.
You may have to contact their Registrar for update.

Willie2015:
Seplat has always been like that... Na big boyz de move amm..No be retail folks...

Yes.
So also NESTLE, AIRTEL and even DANGCEM and GEREGU now.

lexy2lexy:
Serious manipulation going on there. They traded few units until last trade of the day both yesterday and today. Imagine 133K units traded today and last trade was 105K. Similar pattern yesterday

You're right ........but I think that's just the way they could move the price up because it has been traded at day's high without official price appreciation for quite a long time now..

How many retailers can stake that amount on just 100k units even if they have the money? N177M for just 105k for today's own?

Not in support of the manipulations but I think without it, it can't move.

I think SEC needs to revisit the price mvmt rule for large cap stocks especially.

SEPLAT
Up with another +10%!
Now @1693.60.......Up with N153.90...

Mpeace we've done it again o. Shebi you said make we try again.....but remember no be by words of mouth alone o.

* This one will just be increasing the ASI anyhow now...

Meanwhile, there's last minute Pullback in ACCESS!

ARDOVA PLC
NOTICE OF VOLUNTARY DELISTING!

Ardova Plc has been voluntarily delisted from NGX on 26 July 2023!
- From suspension to delisting .......una well done o Ardova

* Eventually, N17.88k was the final exit price.

** Meanwhile, CHAMS is getting some attention @1.12/1.15 today.......maybe some people have seen result or so.
** NASCON is presently trading above DANGSUGAR! Sighted @33+
** Market is generally still holding up..

ogoo4real:
You may be right here but GTCO is really dusting Zenith big time.

True

megawealth01:
MTN still very much in the box... It's SEPLAT that I didn't load well back when they were 300+ I later averaged to around 500+

Wish I'm well loaded in SEPLAT than MTN

This is nice.
I remembered when you bought MTNN that time, the many analysis paralysis then.......
It was expensive at that price truly o, but it was for only those who could sight value and key into it ahead that eventually benefitted from it.

In another news, forex inflow rises by 28%....
https://leadership.ng/naira-unification-forex-inflow-rises-by-28-to-1-41bn/