₦airaland Forum

Princkez:
House I ask again....any news on ARDOVA? Full bid again..

See October 20 post below....

yMcy56:
ARDOVA
Initial and usual denial??
https://doclib.ngxgroup.com/Financial_NewsDocs/36963_ARDOVA_PLC%20ARDOVA_PLC_PRESS_RELEASE_19_OCTOBER_2022_CO.pdf

https://dailytrust.com/ardova-clarifies-position-as-femi-otedolas-zenon-oil-wins-19-2m-judgement-over-forte-oil-sale
..

Judgement already made in favour of Otedola and some news carried it that Otedola is set to take over ARDOVA..... but ARDOVA claimed issue is btw ZENON Oil and Ignite or so.
Some people may have inside info or be pro-active by buying aforehand, in case the odd goes against ARDOVA.
** Don't know if ARDOVA appeal the judgement or not
**No concrete pointer yet.......to the public at least.
** Thing is: Otedola is planning to come back to the downstream industry
** You can just keep tab of happenings here....

** Caveat: Not any form of advice. Just market update**

Mpeace:
Wow. Just opened my account. I didnt log in yesterday.
Mtn is really doing well. Atleast for the past two weeks.

Lots of cross deals recently.
Another 13M+ single crossing today again.
Think it's better to siddon jejely there and be watching what they're up to.

Meanwhile, lots of volume in FCMB @3.25 today....

essentialone:
I have some UBN shares ooo. What should I do ?

Upon all the UBN back and forth posts here?
Una try.
Think you have the option to sell on the floor before suspension is placed on it, because Titan already started payment of exit price to investors........
OR risk going with Titan.......and the risk includes forfeiting your shares eventually.

Morgan Capital is back!

Cc: Lancee

Agbalowomeri:
But I am only hoping that GT gets to 69 so that you can sell

You know say na you like 200% and more, double and more than double things.....

lancee:
Morgan website not opening ..any other ways to login ymcy56

It's privacy issue and they're trying to resolve it.
Think we'll have to be patient, not expected to take long.........and not advisable to login thru unsecure channel. There's no cause for alarm I Blvd.
I'm viewing from another house.

Agbalowomeri:
Waiting for you at KM69

Agba you don spoil sir. You'll need holy water to cleanse your mind.
Whatever 69 means, I don't know, I be small pikin....and don't bother with explanation...

GTCO
Sighted @20.50......Up with 0.50k...
Na so the stock dey Waka back up small small.....
Someone is still waiting at KM 12 sha, una go need Vita Foam to sleep there o......

Mpeace:
https://doclib.ngxgroup.com/Financial_NewsDocs/37260_FCMB_GROUP_PLC%20_QUARTER_3_%20_FINANCIAL_STATEMENT_FOR_20.pdf

@Mcy I wonder y una no talk about this fcmb q3 result released 3days back. Them try well well. About 70% increase in PAT

Lol. Saw it but didn't have chance to open and check...
Soooo, if FCMB performed well and FIDELITY is sitting at circa 4, it's just a matter of time that FCMB will arrived that avenue too...
Make Una check the result and see if all parameters also align sha.....

UCAP:
Sighted @13.40!
Up with +N1.10! Any news?

MULTIVERSE
@N4.40 with some background crossings ongoing......
@4.40, it's trading 0.44k pre-reconstruction......
Has delivered over 100% since after reconstruction.....(price opened@2.10).....
The entire total issued capital is now very small......think less than 500M......though still with Unissued share capital of around 4B, we see how they plan to do this one, could be in terms of right issue, cancellation or whatever the mgmt agreed on...

essentialone:
*22 Nigerian Stocks that can make you smile in the next 12 months, and their current prices*
.
By December 2023, some of these stocks might have given you 100% returns....

Lol.
Those guys just packaged big big companies full that list........I didn't even see up to five giving the mentioned 100% return there.....
The ones that will give the 100% easily have been overlooked.......
Not saying those ones won't or may not deliver something o, but note the "easily" deliver in my post...........lol.
Besides, some of the coys in the list are high already @ their given prices, so giving 70-100% will be very tasking.........Except there's XXXL gigantic bull from Burundi

locodemy:
CBN don carry 16.5% rate scatter our market.
Na to begin arrange for another consolidations be that. See as everywhere stand still.After all Wetin wan happen go still happen

There's much resistance in the market.......
* Zenith seriously fighting shedding, so also GT, Access and others.....
* The Telecoms are not giving in either........Much volume and cross deals from MTNN, AIRTEL also inched up....
* I think the fall in Nestle's share price is necessary to create room for a comeback......Just my opinion....
* The person or entity buying ARDOVA seems to be codedly doing this to avoid official price mvmt.....

Agbalowomeri:
No be the kind meat wey you and your boyfriend Sam Loco dey follow

Lol
The N98M funds that picked 100k units @963 will buy orisirisi penny stocks in large volumes......
How I go get that kind fund come stake on NESTLE?
I just dey speak for bargainers wey get interest ni.....

NESTLE
Down with -10% .......From N1,071 to 963.90!
See as bargainers rush am @963.....
The kind of fund that will move this one up/down can only come from the protruded pot bellies.......no be ordinary one.....
Make Una allow am come down to circa 700, to enable freshers join as well.....
Bargain hunters to keep monitoring the Southward mvmt to know when reversal is likely in sight...

locodemy:
Yes Ma, caution is adviced.
My top penny stock pick for 2023 is Japaul irrespective of election brouhaha.People who get eyes has started taking position already.

Oga Loco you always have eyes for some of these stocks, so you may be right.
Also been keeping eyes on JAPAUL, haven't sighted any green light yet.
If you have any hint, abeg carry me along in this o.

Oloro29:
Pls is the MTO form for IEI out or is there any latest news regarding that. Thanks

Oga so you didn't take any action since the exit price was announced in October or so??
Well, you may need to contact Meristem Registrars via mail or phone call to know the update.......cos I stopped following it after the AGM Resolution.

Contact Email is: info@meristemregistrars.com
Other details could be find in below link:
https://doclib.ngxgroup.com/Financial_NewsDocs/36956_INTERNATIONAL_ENERGY_INSURANCE_PLC%20_QUARTER_2_%20_FINANC.pdf

Wapgod:
Some people are stuck with their shares and unable to participate in the MTO (I don't want to go into details on a public forum).
You know this right?

Don't really know.......but can only wish them all the best.
Maybe they could have spoken with the Registrar to know the way out of it sha.

My concern is that, TITAN plans to own 100% of UBN shares. They bought all the majority shareholders out, so why would a tashere minority holder wants to keep holding unto it?
What if they end up forfeiting those shares?
Did you consider such option as well??
Did you read thru the MTO offer document??

CC: Obagadaffi

lancee:
I have decided to do that now ...was told today is the last day
Form will be sent soon .. Will what i can do b4 closing
Thanks sis

MTO form can be downloaded here:

https://cardinalstoneregistrars.com/forms/

lancee:
Madam mcy56
Just spoke to them now , i have few units of union bank bought 2004 and few months ago , the lady said its going to be delisted
I have to fill a form or something
what do u think sis

Did you ask if they're re-listing on NASDAQ?
Pls find out.....and if not, I'll advice you sell to Titan..
Or how do you plan to sell in future if they're not re-listing or even paying better dividends?

In fact, to me, my advice is fill the form and "Sell" to Titan. This kind of hope of holding on to it has its inherent risks.
Overall decision is yours sir.

locodemy:
Oracle said the market has nothing else to do than to respond and the time is now...

Caution still adviced sir........Election is still around the corner.

Agbalowomeri:
are you giving me a correct head and body together?

Agba abeg no put me for trouble here, no make Pastor vex for me, remember say we small pikins also dey here.....

On a serious note, all those your TA terminologies, make Una dey break am down for we novice na..

ZENITH: Sighted @22.75 as at now........Up with +65k

GTCO: Sluggish earlier, traded as low as 19.95..........but gradually back to 20.40 yesterday's closing price as at now.........
*Still struggling*

DANGCEM: Full bid @262.30......Up with +N23.80...
Share buy-back effect I think......

UCAP, ACCESS, UBA, Transcorp........mvmt up... slow and steady....

Agbalowomeri:
Oga BBM, this your 'head' is not correct o (lighter note)
Waiting for yMcy56 to give me a correct head

Agba, why won't you be seeing incorrectly when the type of 'head' you're thinking of is different.
Abeg don't corrupt me o, I'm not a TA person and the type of head I know is the one on the body.

Toluway:
....she doesn't know about heads o, neither shoulder self .

Help me tell him sir.

OBAGADAFFI:
my shares with Union Bank will still remain intact with TITAN BANK on NASD?

Why not speak with Cardinal Stone or send mail?
I sent them a mail and they were responsive and did so on time too.

yMcy56:
GTCO:
These sellers and cross dealers just dey vex anyhow.....
Quite a lot of buying, selling and cross dealing are ongoing in the background........
They'll exhaust their energy one day......

All these 555Ks, 665Ks are from the background...... Watching what their mission actually is.......but by the time they're satisfied now, all the stories of rate hike, election palava, dollar/naira, charts, will then be meaningless, we'll now be wondering what has changed......
Who says money and power doesn't control this market? Lol.

October 13 post.
So, suddenly the market is not obeying all the different theories about elections, rate hikes and what-what again. Charts also making U-turn....... Interesting..

Toluway:
I actually over-reacted; and my vetuperation was unwarranted and unnecessary. I'm very sorry house.

I actually became paranoid because he has in the past, in a couple of occasions insulted me because I made a comment.

Even though I need to consult my dictionary on the vocab, but I think you were right.......you actually overreacted boss, at least I know the meaning of that one.....
Please let's try and be overlooking some things and do away with past angers, it does the body no good sir.
Thanks for the apology sir. Apology accepted, even if dem no send me.
Me, I don't send anyone again, I just go ahead and do my things. Anybody wey dey vex just dey vex for himself/herself. If I wan leave NSEMPA, no be dem go pursue me.

seyisanya:
GTCO escaped shedding today. Tomorrow?

GTCO closed @20.40!!
Power of inverted hammer could not stop or do it any harm, at least, it couldn't today......GT is vexing

Those that were lucky to pick @16.80/17.00 would be smiling now...
I guess those that picked higher will be heaving signs of relieve small small too.....

ZENITH @22.50 as at now.....up with +80k...

GTCO sighted @20 ...... Up with +50k so far....

Some pullbacks here and there in-between.......

stcool:
Eku market o!
Una dey clear NB and IB
With frustration and anger caused by APC...cheeers to more drinking

E Ku plenty days o.

ZENITH
Touched 22 earlier.........pulled back and again moving up.......sighted @21.90

GTCO
KM 20 looks closer earlier.........let's see if it will dodge Agba's hammer.....lol. Agba no mind me o, thks for posting the inverted hammer info. Hope to see more of those Technicals.

Toluway:
I think he is right. Not everyone can be an nse technocrat like you.

Oga Tolu, does someone have to be a Technocrat to invest? Lol.
@Phlinx outrightly condemned investing as a whole.

Seems some are looking at the worst aspect of loosing money. What about the best part too?

Earlier sited a relative's loss on UBN purchased at much higher price.......but there was another good investment also made in Nestle.
NESTLE was purchased @254 naira. Today, Nestle is trading above N1,000.......over 15 years of collecting dividends....... Whatever is left there is all gain now, and Gain Is giving way for more gains.

Well, let me leave the discussion for the elders who's been on the investment path with divers experiences to comment on.....

ositadima1:
He has a point though, same NB that sold at over 150 in 2013, 2014, 2015 and briefly in 2017 is now selling bellow 50. A novice should never go into d market without extensive analysis. I was lucky (maybe not) to enter d market just after COVID bears.

In my opinion, a first timer should acquire d closing prices for a stock he is interested in buying dating back to 10 years minimum and never buy if price is close to historical peak in addition to coming here for enquiry.

You also have a point.
One of the reasons I mentioned ZENITH and/or GTCO too.
These ones may not be aggressive in growth but consistency in payment of Dividend is it for me, especially for the long term duration mentioned. They've been increasing the dividend payout overtime too......cos I did some checks on both not too long ago.

I recently assisted a close relative in downloading, filling and submitting Union Bank form for Mandatory Take-over and I could easily relate to the example you sited.
The UBN shares were purchased at around N29/per share or thereabout.....
Has been there for more than 20yrs, bought at different prices (with one IPO in 1995 or so.......
* How many times did UBN pay Dividends within those years? Doubt if it's up to 5 times......
* Worst part, the buyer offered to buy the share over @ paltry N7 in 2022!!

So investing in some stocks for long term needs serious due dilligence and experts advice before you dabble into it.
Long term is different from short term or Jijo-ing.

One good thing now though, is the digital era, whereby one can easily monitor and track his investments, compared to the old analogue period whereby all activities reside solely with the broker and brokerage firms. No more trading in "darkness", except for those who chose to......or are ignorant.

Wapgod:
What gibberish nonsense is this?

Lol.
That's his/her own opinion too nah.
If only he/she could just back it up with some reasons for us to also learn...