₦airaland Forum

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...

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