₦airaland Forum

Nigerialabalaba:
Multiverse Mining & Exploration Plc: Proposed Share Capital Reconstruction
_The share capital reconstruction will result in the cancellation of nine (9) existing ordinary shares out of every ten (10) ordinary shares held by existing Shareholders.
Note:Further information regarding the Share Reconstruction will be communicated in due course._

No one is talking about this?

* If 9 out 10 is to be cancelled, then it will be in ratio 1:10..... i.e. One for every 10 held......
If you have 2M units for instance it will become: 2M÷10=200k.....
*Let's say the closing share price before suspension is placed is 30k, then the new reconstructed price will be 10x0.30 =N3.00 be that.....
* Lol. If MM should step in here like WEMA did, it may end up paying off........cos there's going to be some pumping here.

Ok. Let me not be too Forward.
Let's wait for further communication and breakdown of how it will go.......
Oga Labalaba, abeg if you first see the update, help post am and put me in copy abeg.

OBAGADAFFI:
That is how FBNH price manages to stay above UBA and Access bank, with no result.

NGX magic

With the rate they're accumulating FBNH, I won't be surprised if the next point of call is N15......
People just waiting for 2021 FYE result, if it's good with nice Div payout, FBNH will give them more gap o.......hope it won't be disappointing sha.......

For UBA,there's this 50M bulk buyer, could be that they're deliberately keeping UBA's price low to enter @ circa 7.50 or so.

ACCESS BANK
* Divestment from Pension Custody.....
* Access selling her pension fund arm to First Pension Custodian........
* More free fund for ACCESS, in addition to SEPLAT's promise to pay them.......though promise can't still be relied on until fulfilled.......
https://doclib.ngxgroup.com/Financial_NewsDocs/36040_ACCESS_HOLDINGS_PLC%20ANNOUCEMENT_OF_DIVESTMENT_FROM_CUS.pdf

DANGSUGAR
Unclaimed dividends.......
Make Una check Dangote site to see if you have unclaimed dividend(s) with them and contact their Registrar afterwards.....
https://doclib.ngxgroup.com/Financial_NewsDocs/36038_DANGOTE_SUGAR_REFINERY_PLC%20PUBLICATION_OF_THE_SCHEDULE.pdf

ojesymsym:
What is the organization structure between Heirs Oil and Gas with Transcorp? Any ideas?

They all belong to Heirs Holdings........and sometimes, Transcorp is used as a vehicle to achieving Heirs Oil objectives.
Lol. I may not be entirely correct o.

ojesymsym:
What does " Seller account has insufficient balance to sell?" mean on Morgan, it has been rejecting me selling NB since last week where as I could sell another one.

Meaning: You don't have up to the quantity you're imputing to sell......
It can sometimes be an error in your entries........

Let's say you have 200k units of Zenith and you wish to sell all, but in the process, you entered 200,001, your entry will be rejected, saying you don't have sufficient balance to sell.

When such happens, you can check your entries again or check qty holdings for such stock to re-confirm.

Princkez:
did anyone notice that 74M Cross deal on FBNH @12.40

Over 1.8Billion staked on FBNH today again......

Btw, thanks @Samguru for the CHAMS explanation......

**

YourhealthNG2:
Please how long does it take to open an account with Morgan. It's been over 48 hrs since I filled and submitted their account opening form but no show till now.

Did they acknowledge receipt of the form?
If yes, exercise some more patience......OR
Try and follow up with a reminder mail or call.

samguru:
NON-OPERATING COMPANIES refer to the subsidiaries of the Target Companies (each of which is directly or indirectly held by the Target Companies with less than 50% owernship) and any subsidiary of the Target Companies without any business operation since its incorporation as of the Closing Date.

Thanks @Samguru......
You have succeeded in communicating to a primary school English level newbie......

ACCESSCORP
Getting serious attention as well ........
Sighted @9.90....

NB PLC
Another time to move again?
Getting some attention....,

GTCO:
Massive accumulation ongoing.......

INTBREW:
Some guys, entity or entities are codedly accumulating and crossing this.........
The available offers doesn't look like they want to sell........it's either they're placed to confuse or to cross or fake or for the fearful's .........
Lol. Anyone can interpret it like they're running, but the scenario is more of accumulation........

Within 30 minutes of market opening, over 9M units done in transaction....... Unusual for such stock I think, except there's something going on........and more of a positive one in my opinion......
We wait and see...

Btw, there seems to be a positive outlook to INTBREW, pls not any form of marketing but just normal observation as I used to do.

CHAMS
Meeting resolution:
** To change name from CHAMS Plc to CHAMS HOLDING COMPANY PLC....
** The Directors have been authorized to raise capital with the 4.3B Unissued Share capital by way of right issue, public offer, private placement, conversion of debt to equity, or any of such consideration........

** What "Non-Operating Holding Coy" means is what I don't really understand

https://doclib.ngxgroup.com/Financial_NewsDocs/36027_CHAMS_PLC%202022_AGM_RESOLUTIONS_OF_CHAMS_PLC_CORPORATE_.pdf

Mpeace:
I have been trying to figure out the possible impact of the Airtel share buyback and honeywell acquisition on this company but no clear ideal.
The Airtel deal could have a positive impact on PAT but that of honeywell appears to be like a loan repayment with not too much impact.
Its just not clear to me whats pushing the share price.....

FBNH doesn't delay result like this.......and since it's the FYE result, they might want to include the sales and not delay it till next FYE again.......
Concluding on the transactions might be the reason for the delay.
One thing is visible, lots of accumulation are going on here, FBNH seems to be looking up.......in terms of share price appreciation.
Submission was again shifted to end of May, make we dey watch what they're coming up with.

E Ku Market ooo.

FBNH: Sighted @12.35 again......towards market close......
We don't know what could be happening behind curtains.......We are watching..

E Ku TRANSCORP o.
Small time they're rushing out, the next minute, they're rushing in......... Pulled back to 1.31/1.32, moved up to 1.52.......settled @1.40/1.42...

E Ku INTBREW.......Some guys are playing games here, trying to depress the price the more but price self get strong head, e no wan depress, too many interests here should we say.....

We're watching how they're playing out the script. Lol.

AIRTEL
Dividend info:
https://doclib.ngxgroup.com/Financial_NewsDocs/36019_AIRTEL_AFRICA_PLC%20DIVIDEND_CONFIRMATION__CORPORATE_ACT.pdf

AIRTEL is seriously aiming to take over from NESTLE..........in terms of pricing in the market.......
AIRTEL sighted @1,470......NESTLE: 1,400.....

So also SEPLAT: Sighted @1,300.........with little or no offer on ground.....

Princkez:
IB full offer @ #8.80

Think it's another opportunity loading for those that missed the first trip.....
Let them sha bring it down to bargain junction......

Interbrew seems to be doing something right..........moved from negative to positive territory and expanding biz as well......
We shouldn't forget that this South African Coy also have stakes here.......

Not any form of monkey hunting or advice.......Mr. Market will do what Mr. Market will do irrespective......

BTW, Market is generally dull today.........so far anyway.
The much noised WAPCO is also getting bashing.....

Toluway:
Wow! You guys have become something else in this business. I'm getting old. But i still dey enjoy. But got to work for for the money

Oga Tolu, let me add that the Mcy you asked is a trader and Jijoist ooo, gave my submission on your inquiry from that perspective.

CHAMPION: Was earlier loosing but makes a U-turn towards closing......to close with +10%?

YourhealthNG2:
Thank you dear. Just that all the other stocks, apart from banks, have sky-rocketed in price. I don't know which stock is still ok to buy at current price.

A new board has been constituted by FMN in Honeywell......
Honeywell is no longer in Oba Otudeko's care again....
I just posted the Board meeting resolution not long ago....

Do DD in Consumer goods and try and surf thru Oga Oracle's recent posts and know some sectors that might perform well.

Pls do your DD.....and be cautious in your picks...
You may consider those that haven't taken off ahead of those that has gone up.......well, depending on the info at your disposal.

YourhealthNG2:
Thank you dear. Just that all the other stocks, apart from banks, have sky-rocketed in price. I don't know which stock is still ok to buy at current price.

If you'd been following the thread, you would have know which and which to try your luck with, before the prices jumps up......

Can remember calling attention to INTBREW on the 4th or 6th of this May, that Oga OGG has been hammering on it, don't even know it's time for upward swing is/was so close......

Quite some stock picks here form the ogas before the stocks jumps actually.

Willie2015:
Just make sure are on ur PC by 9.20..am
Ur bid must be the first or second for that day by 9.30am dot
Ensure U Input the max price for that day..
Do it for the next 3 days... U shld get positive results..

Lol. This is just it Oga Toluway.
Calculate 10% on top of the closing price of the bid today, add it to the closing price, should give you the max for the next day.....
Be on your PC by 9.20/9.25, fill in the buy column and just be waiting for the minutes to clock 9.30/9.31am........and submit ....to be among the earliest bidders ......

Profit takers/the fearfuls used to sell earlier, your bid will be filled up....

Same applies to selling.........calculate 10% of closing price and minus from the closing price, place your offer earlier.......

Remember the rules of some stocks with 0.01, 0.05 or 0.10 range mvmt.

For instance:
INTBREW closed @8.90 yesterday, 10% of 8.90 is 0.89, the highest trading % for today would be 8.90+0.85 =9.75.....which you can see in market today.

This early bidding or offer placement has its own advantage and disadvantage as well........pays jijoists mostly.

YourhealthNG2:
Good advice from my oga. I learnt the hard way with Wapco. Sold after holding for 1 year and now the price is galloping. Patience is key if you're holding fundamentally sound stocks..

It's well.
Can remember you swap WAPCO for UCAP.......
You'll just have to be very patient this time around, UCAP should be able to compensate you.

If you have other funds use it to be trading other stocks and be earning price appreciation for now.........all the financial stocks are just somehow down at the moment. Their time will come.....

HONEYWELL
** Resignation of old Directors and Coy Secretary effective May 10, 2022..…..
** Appointment of new Directors and Coy Secretary effective from May 10, 2022........ appointed possibly by FMN now.....
** FMN has commenced changes in Honeywell board constitution......
** Interesting times ahead ....

https://doclib.ngxgroup.com/Financial_NewsDocs/36010_HONEYWELL_FLOUR_MILL_PLC%20BOARD_RESOLUTIONS_CORPORATE_A.pdf

yMcy56:
So what are you Oga Peter?
What happened to the N5 or is it N7 junction you said Transcorp is going to?
Now that you said it will likely touch 0.68, maybe we should be looking for breakout....who knows.

March 29, 2020 post.......
Peterichy how far?
Tanscorp sighted @1.33 so far .....

NAHCO
After pullback won't be bad for pick....
Share price mvmt seems affected due to Caverton's news.,.......but NAHCO gets free money, Caverton works for its money......and will still pay NAHCO it's dues....
NAHCO's Q1 was fantastic, PAT sort of Doubled.......around 100% increase.....

**DD pls. Don't come and insult Mcy if it doesn't go according to plan. You are the CEO of your portfolio**

ojesymsym:
@ymcy56 you input will also be appreciated.

JB's Q1 result was flat......
FOR NOW, I don't see JB doing 50......

Not totally ruling it out because of these two personal possibilities:
** If the bull should go general in the market, instead of on selected stocks it's doing now, and.......
** We are approaching Election and Campaign period, those bunch of jokers in political positions, planning to come back for 2nd term may start to embark on Kangaroo construction projects, thus JB's financials is expected to be much better starting from Q2 maybe.

I dey back of class, still trying to locate Loco, so I fit sit beside him for some Jijo discussions.

rahjan:
Lool... I remember. Someone called Aunty Mercy a keyboard warrior. Ayayaya ooo. Aunty Mercy was about to catch fire. Even me came out of my hut with fire extinguisher.

I remembered your intervention that time.......
You were somehow in support of her and I thought she was/is your woman self........if she's actually a woman.

Nah on top WAPCO at range 9/11 or so, the same Wapco that has delivered over +150% gain now ......

Think it pays more to focus on the MESSAGE more than the Messanger......

Sadly, people here used to attack those that are helpful in the forum, why not pay attention to the MESSAGE being passed across and overlook how it was communicated...........your portfolio should be the priority instead.
Anyone looking for respect should seek for and earn it in his/her neighborhood.
*Modified*

UACN: Sighted @13.15!!!!
Bids outweigh offers.........

FBNH, UNILEVER.......getting attention......

Just market observation.......

FBNH
More picks @12......

MTNN: Who will bail this stock out with 100k block now? @250.20 but not 100k block unit to move the price yet...........DONE!

Ojoboak:
What is the implication of full bid for traders? Can one take profit when a stock is on full bid? Especially for the bolded.
Thanks.

Full bid means demand greater than supply......
Full bid could be brought about as a result of many factors ranging from good news, better/improved result, renewed investors interest, perception of rewards higher than risks (copyright OGG ), etc.

Implication is that a trader stands a chance of selling at higher price and making more profits......
Could also mean that better reward would come from the company at the financial year end, etc.

YES!! You can take profit when a stock is on full bid,....if it has delivered some profits to you, especially if you're not keeping the stock for dividend or long term purpose.

Na Wetin I fit remember now be that.

CADBURY: Full bid @14.90!
Overtook UNILEVER!! PZ getting close.......sighted above 12....…... UNILEVER which way nah?

Linkassure: Full bid @58k....

The financial stocks....still falling hands.........their time will come sha.

The controversial UNITY sighted @52k ful bid ........ Locodemy mentioned this, play game at owner's risk...... sometimes this type of stocks do deliver, we are just been warned about it's fundamentals..

LEARN AFRICA: Getting attn ...