₦airaland Forum

DANGCEM
** Another share buy-back possibly coming........subject to shareholders approval at the EGM (Extra-Ordinary General Meeting) coming up on 13th December, 2022
** 10% share buy-back representing 1.687Billion ordinary issued shares.....
** Pls read the terms very well and understand the conditions attached to the buy-back........
** This post is for info purpose only.....

https://doclib.ngxgroup.com/Financial_NewsDocs/37237_DANGOTE_CEMENT_PLC%20_NOTICES_OF_EXTRA%20ORDINARY_GENERAL_.pdf

Bukkydudu:
Good morning House,
Please what is happening to Union Bank shareholders please?

* Buy-out of shareholders by Titan Trust @N7 exit price
* Shareholders to fill Mandatory Take-over Form and send back to Cardinal Stone Registrars at registrars@cardinalstone.com
* Deadline for Form submission is 23 November, 2022

** Download form @ :. https://cardinalstoneregistrars.com/forms/

NB PLC
Up with +10%.....N4.10...
On full bid @N45.35

RSQLPython:
Hello folks, any recommendation on a stock to put 10 million? I want to leave it for 10 years with the hope of it growing YOY and with good dividends. I will appreciate any suggestion.

Buy only one or two stocks max.
Buy ZENITH and GTCO in 60/40 fund split or 50/50 split.

** These two will return over +130% in Dividends to you in 10yrs....…."all things being equal"
** ZENITH and GTCO presently have the highest dividend yields in NSE
** Entering at bargain price is also advantageous.
** Price appreciation a bonus
** If you want us to do some Maths, oh sorry, some Arithmetics, signify.....

This is my own suggestion and recommendation.
* Final decision is yours to take*

Jats2k2002:
NB 1 for 4 bonus issue!

Wow! Nice!
*There's also 0.40k interim Dividend..

Meanwhile, GTCO is gradually climbing again......
Sighted @19.45 so far....
More Waiting for the Oga on top waiting at KM12...

MTNN also not doing badly since market opens....

UCAP waiting for 100k bulk mover (Up) since yesterday, abeg make MM help it's ministry......Done!

NB PLC BONUS ISSUE
1: 4 (One new for 4 existing shares)
https://doclib.ngxgroup.com/Financial_NewsDocs/37233_NIGERIAN_BREWERIES_PLC%20NOTIFICATION_OF_BONUS_ISSUE_CO.pdf

NB PLC....

INTBREW.......

UBN: We don't know the game this one is playing........ought to have been placed on suspension.....
** Those selling to Titan Trust, don't forget to fill your form and submit to Cardinal Stone.......deadline for submission is 23/11/2022.

*Not any form of advice*

$$ Update......in the early hours of 18th Nov.....

NB PLC ......making a reversal......Up with N3.50.....

vacanci:
Trying to sell some Zenith today but having issues on MORGAN CAPITAL iTRADE
Zenith closed yesterday 21.80
trying to set a sell at 22.8 but unfortunately the limit i found on the platform is still 20.10 and so when i set 22.80, it says the value is out of range.
Samething with GTCO. it closed yesterday at 19.30 and opened today at 19.30 but the limit on the platform is showing 18.10
who else is experiencing this
yMcy56

This has been happening for quite sometimes.......showing day before yesterday's price...
Would have mentioned it here but because no one talked about it, make dem no say my own too much.....of course, dey don talk am self....

OK. Before placing buy or sell mandate, check yesterday's closing price, calculate 10% on top of it....
*For buy* subtract the 10% to know the day's low, then set your desired price....
*For sell* add the 10% to know the day's high and set your selling price
*** With the above, input your desired buying/selling price, submit your order and ignore the "value out of range" that it's telling you***

**ZENITH's high for today is N23.95. Low is N19.65**

Think we need to call Morgan's attention to it too.

thesilentone:
I thought that 'monkey hunting' is for bad companies that are being pumped. To characterise you as that will be a grand error.

We know monkey hunters and you ma'am, do not qualify as one.

Thank you boss.

Zegra:
Dollar

I'm not $$ advocate o, we have the Ogas in this area and can see you've been answered.

...but since you asked me, the buying/selling rates actually varied yesterday 16th Nov., depending on the location. Rate still not stable.........
Closed @N790/$1 in some area, a bit lower than N800 yesterday......

** Meanwhile:
https://dailytrust.com/naira-redesign-dollar-may-crash-to-n200-efcc-chairman
https://www.nairaland.com/7436358/efcc-confiscates-over-6-million

Zegra:
What's the rate now please

Rate of what?

E Ku market o.
ZENITH: 21.90 ......up with +N1.80 so far.....
GT: 19.25......Up with +N1.15 so far....

Knowingly didn't post earlier when it started moving gradually, make Una no say I come monkey hunt....Even if Una say it's temporary, at least, dem still go up today....
Abeg make Una dey push Peter small small for that ZENITH queue o.

**Some profit taking ongoing in-between. Some fearfuls also selling in-between**
** Wahala for currency hoarders**

** GTCO closed @19.30 ........Up with N1.20!!
** ZENITH closed @21.80......Up with N1.70!!
*** E Ku Market o***

Mpeace:
I no dey follow bad news, but $ is back to 815.

Oga check well. It didn't go close to 800 self over the weekend.
Closed @680/1$ in some places self..

https://www.nairaland.com/7431710/adamawa-bdc-operators-reject-dollars.

Well, my Oga BBM, I think it's only logical to post Naira appreciating against $$ if some of my ogas had been posting depreciation.
Peter E Ku $$ Biz....

Happy Sunday and Happy New Week @All.

Naira continues to appreciate against Dollars
* Naira gains 26.24% against $$ in one week......
* Sold @N705/$ as @ Friday 11th Nov......

** Hope this is not Peter lamenting to Business day in the attached.....
Could remember telling him it's risky to buy at high price then, think @730 or so that time.....

Wapgod:
After completion, Am i to submit the form to the stockbroker or to the registrar?
Answer:Registrar

Yes. To the Registrar.

Email: registrars@cardinalstone.com

Wapgod:
How did you get the form?

MTO Acceptance Form
https://cardinalstoneregistrars.com/forms/

* Had to search for the form due to Uncle Tolu's post here........So some actually saw it and didn't notify the house. It's well o. No one owe anyone anything after all.

**Offer opened on 2nd Nov and closing on 23rd Nov. 2022.....
** Send filled form to registrars@cardinalstone.com

BabsO2:
If one needs to fill a form when will it be out ?. I thought holders of the shares will just be paid off and get ebuyout payment in their accounts like a dividend warrant automatically?

See UBN MTO form attached.

Also available @
https://cardinalstoneregistrars.com/forms/

** Form not attaching....but visit the Cardinal Stone link to download the form.

Phlinx:
Exactly what crossed my mind. They are only good at reporting doom and gloom

They won't post such reports since it's not beneficial to their personal selfish interests......

Think I posted something similar 2 days ago, that there are quite a large activities in the financial sector especially, as the Naira keeps appreciating against Dollars.......
The pot bellies seems to be running Helter skelter to secure their funds in commodities and equities ahead of the new notes introduction in Dec 15 2022 and deadline of 31st Jan 2023.....

Some Reports also have it that US may cease to use the Dollars printed before 2021, with Jan 31st as deadline...... double wahala for rich ogas and hoarders...
(*Though there was denial but, it's not impossible)

Some strange things are happening in the financial sector of the world in general...

https://www.vanguardngr.com/2022/11/naira-rebounds-as-new-currency-notes-introduction-draws-closer/

** Banking Sector getting lots of patronage ahead of December 15 deadline........from those hoarding Naira.
They're busy bringing out the stashed cash in bales.....lots of Director's dealings in financial sector in particular.....
Looks like they always find a way to win......imagine the time they're bringing out the cash, when most stocks are trading low...

** EFCC affirms they're keeping eyes on 3 State Governors who plans to pay Salary with cash.......funny bunch of thieves.......

** Naira said to be appreciating against Dollars since yesterday or so, we see how they continue to play the games.....

BullBearMkt:
lol! Good job madam. Everything is shown on the chart though. If the company cannot pay her shareholders' dividends anymore, then it's as good as gone! For now, it's struggling to survive.
Let's see how smart monies will react on its all time low...

Thanks boss for responding to my post.

Overseas Company lost significant value already...
* In June 2015 when the tender offer was made, N43 Billion was staked on 944.47Million units @45.50 per share..
* Fast track to Nov 4, same share price closed @N10!!

** If they're to acquire the remaining 19.03% representing 1,093,271,431 free float, it can't even cost them half of that N43B to get it done with......well, together with 5.01% of STANBIC Nominees, it's not even up to the 25% self...

Anyway, some smart monies showed up @9.80 on Thursday.
We'll see how the stock fares in the short to long run...

GEREGU
Ote$$'s guys in market today again......
Moved it up to N120 from 104.....
Maybe to celebrate his 60eth Birthday...lol.

BullBearMkt:
.But is the company still active in the country?

This question got me thinking for sometimes now....
So I searched for the shareholding structure of UNILEVER Nigeria and I discovered that:
** In 2015, UNILEVER overseas made a tender offer to shareholders to raise their holdings from initial 50% to current 75%+ @N45.50....
*** 75.96% holdings belongs to UNILEVER Overseas
*** 5.01% representing 287.5M belongs to STANBIC Nominees Limited...
*** Remaining 19.03% is free float

Though UNILEVER insists that they do not intend to delist from NSE, but I just thought......Should there be any more accumulation from Unilever overseas to increase their holdings in future, then maybe Unilever Nigeria may be a candidate of delisting in near future....
Especially with the rate at which profits were being eroded by inflation coupled with high costs of purchasing raw materials....

** Please note: I never said UNILEVER is delisting oooo, just looking at the probability of their continuity as listed company in NGX**
** My amateurish findings may be wrong though**

Willie2015:
Its not for investment purpose...
Its strictly for emergency purpose....
And you know you can clear it back ASAP...
Its way better and cleaner than all those Fintech that harrass their clients..
Agba explanation is also another dynamics ...

Much clearer now.....
I for say 120% interest per annum...
Thanks for the enlightenment

Willie2015:
Who dey miss community husband? Lol. No mind me o, na joke.

Lol. Agba get plenty women wey dey fight for his attention....
Some of them nearly turned me to enemies here, not knowing say nothing concern me, I just dey catch fun ni......those good old times...

**Btw, na joke o**

Agbalowomeri:
Na community husband girls dey like pass

Lol. Ok o. Na your pocket go hear am.
Abeg no make I talk off stock o, make Pastor no come scold me again, I don rest from scolding and name calling for now...

ACCESS
Huge cross deals @7.90 since yesterday......
79M units cross deals today again.....
Another 50M crossed @8 again.....
Another 50M crossed @8.10 again....

Agbalowomeri:
There are urgent deals worth more than 10% while the loan gives you some leeway to crystalize the loan to a longer term facility

Alright sir.

Agbalowomeri:
Just say you missed me

Miss you for where??

Saw what you did there........Pa. Emma should be very fine.

Willie2015:
Was surprised to see First Bank ...
gave me loan at 10 percent per month...
Without any documentation...

And you went ahead with this type of loan?
10% monthly??
Abeg no mind me o, you fit be heir to CBN governor...

Btw, Agba you too like vawulence..

BabsO2:
I would not have taken it seriously if not for CBN being the one raising the issue. The issue was raised as stated in the story, but how it could materialize was not included in the story.

With recent events, I don't even take CBN serious again....
Why should CBN be raising alarm instead of looking for ways to protect commercial banks, see what Commercial banks are/can do differently to continue to stay relevant in their lanes, etc??
CBN is as confused as confusion itself......cant be trusted with their outbursts. Likely a false alarm.

ARDOVA
In market today again......
Some insiders seems to be getting hook of some news maybe....

* We'll be watching out.....maybe they'll come and dump first before moving the bus again....
Ote$$ likes to buy cheap ...

**Just opinion post**

Mpeace:
So wapco no do anything for shareholders as per interim dividends. Na wa oh

yMcy56:
.....
** UCAP doesn't pay interim.
** WAPCO paid special interim Div in 2021 FYE, may just be a one-off thing, except there's going to be a surprise again this year.

.....In response to someone in June..
Remember posting about this WAPCO around the time it went up...
You should have prepared your mind against interim Dividend so it can again come as surprise for you if to say they declare it......

sterlingD:
I had expected that by now Mansard would have delivered after reconstruction why is the stock price at bottom

As for Mansard, did you buy before reconstruction?
Are you still holding unto it till date?
Before reconstruction:
If you bought and didn't sell till date, then the fall in price wouldn't have affected you as such...
Reason:
** Before reconstruction , Mansard gave bonus issue of 17:7 (17 new bonus for every 7 held), that was 242% bonus issue declared and gave out.....
** Lets say you have 98,000units.....then your holdings woild have been:
(98,000 ÷ 7) x 17 = 238,000 + 98,000 = 336,000units

Post reconstruction:
** Nominal value changed from 50kobo to N2.00...
** Reconstruction: 1:4 (1 for every 4 held)
- New holdings would then become...
336,000 units ÷ 4 = 84,000units

Current Value: 84,000units X 1.60 = N134,400
Previous value: 98,000units X 0.83 = N81,340

*** Assuming you even bought pre-reconstruction @N1.50, your value for 98k units would have been N147,000!!
*** Final dividend of 0.25 Kobo paid for 2021 FYE
*** Interim Dividend of 0.06k now declared.....
*** This paid off more for long termers.....
** Patient investors would benefit more. Better performance, economic recovery, etc may spike price appreciation too
** These were extensively discussed here in 2021**