₦airaland Forum

GT 21.05!!
ZEE: 21.30/21.40!
Think Fed Govt needs to step in thru the locals, the fund managers and co. like they did one time like that.....
This is what we get when a govt takes it's responsibility with levity and selfish interest.....

Hopefully, some measures should start coming in from next week......we see how it goes...

UACN on the other hand moved up.......

dharpzee:
The updated copy is on their website, I just downloaded it on Tuesday from there.

Oh! Ok. Thanks for the update.

Toluway:
May God Almighty bless you Exceedingly ma.

Amen! Thanks sir.

I think those looking for where to invest should keep eye on those fundamental stocks with high dividend yields and either be picking in tranches or watching for likely bottom.

Siting example now, just trying to do some Arithmetics:
In March/April 2020, ZENITH for instance touched N10.70 due to COVID-19 and thereafter went as high up as N27/28 or thereabout.......
Think 3 Dividends has been paid after that........2019, 2020 and 2021 FYE.
Meaning, whosoever was lucky to pick around that price, let's say N11 breakeven should be having No self fund in ZENITH by April 2022 again + price appreciation that followed after, whatever units is there +price appreciation should all be profit........it means, the lower ZENITH goes, the better the Dividend yield and the better the profitability.
So also GTCo and some other sound ones.

This time around, we don't pray for such unfortunate incident that could lead to the ridiculous prices of that time......but I think whosoever is trapped in those 4 banking stocks should just exercise enough patience if there's no fund to average down and can't sell due to heavy paper loss or so. Dividends is there to hold body, till things stabilize and reverse up. My take.

Lol. Make you no mind my Arithmetics o. May not be accurate but just trying to picture the scenario.

@slimdove
I equally saw a mail like that.
Think you should contact Meristem via email or phone call. It could be that they already have updated E-mandate form, but due to unlimited copies of the old one online, locating updated one might be a bit difficult.

Alternatively, visit Meristem website and see if you could download updated copy there.

Mpeace:
But on a very serious note, we need to reduce the influence of foreign investors on our markets. It exposes our market to negative effects of foreign actors. If US raises rates, our market reacts negatively, if the reduce rates our market remains where it was rather than react positively.

Think this was also discussed here one time like......
That the Govt ought to device means of controlling the ratio of a particular stock that foreigners can buy, especially banking stocks that are central to the economy..........if I still remember well...

Part of the negative effect is what we're seeing in the Financial Sector now....
Those guys are just milking the country.......Anything that affects them becomes the nations problem. Well, coupled with our own instability.

Small time again, they'll come back and start mopping the stocks, and we'll all be happy again........the damage they've done and are doing to the country's economy due to "porosity" is not small (let me use one of the ogas English then )
Think someone said it would be an effect we would feel in the long run that time.

The banking stocks mostly affected are ZENITH, GTCO, UBA and ACCESS.

Heishere:
Too much English baba. Please break it down

Lol.
I can't comprehend a single thing there.

NSEMPA is quiet.
It's well o.

* Meanwhile, ZENITH's Dividend yield as at today's closing price, 21.95 is 13.93%......The stock with highest dividend yield in NSE so far......
* Followed by GTCO; 13.86%@21.50
* Followed by UBA 13.16% @7.55
* Followed by MANSARD 11.74% @2.04
** Next: UCAP 11.63% @13; FIDELITY 10.63% @3.26: ACCESS 10.47% @9.55

GTCO:
Some cross deals @21.65..........7.6m bids Vs. 3.3m offers..........let's wait and see if the dumper is still coming ...
We dey watch..........

OBAGADAFFI:
I see repeat of 2019 happening again.

If you think there'll be a repeat of what happened in early 2020, guess you're on a long thing.

Chibuking81:
Election things.

Oga Chibu long time .

From observation, it's only GTCo and Zee that are badly hit so far.
In fact, it looks like it's only GT, but just dragging Zenith along. Other stocks are defending their share prices.

My take: These two especially no dey fear me. I think those inside the bus should just be patient. Those planning to enter should be picking in tranches.
2nd quarter is around the corner. Interim may help stabilize them if the lull should continue till then.

Going by Oga Oracle's TA, Agba's long term prediction of GT, I think the end of the falling should be getting closer. We see how it goes sha.

GTCo:
This person or entity selling GTCO must be obesed heavyweight...........SO also ZEE.
By the time he's done, GT go breathe in and out.
@21.85 now.......
Bargain hunters also picking along the downlane.......
I have the feelings that the person or entity will be back.....to buy his stakes back.

@edwardaigb hope you're also watching GT and Zenith in market.....

In other news, NGXGROUP is holding up in the market @25..........
M& B below 4.....
First Bank : inching up.... @10.50....

It's around times like this that one appreciate the importance of not concentrating portfolio in one sector.....

Mpeace:
Transcorp and their yeye bids/offers
Which one is 55million bids vs 53million offers.
In short, transcorp is on full bid and full offer at the same time.

Lol @ full bid and full offer same time...
The stock is too liquid, the more they're mopping the more offer is coming up.........but this time around, it seems Tony's hands is in it.......they're moving it gradually......
Maybe they're planning reconstruction ahead too, who knows.

Mpeace:
Company that will soon come to raise capital after the price manipulations
Answer: seller want to sell at higher price. As soon as much bids come at 13, he sells down to 12, then manipulate back to 13 and allow bids to grow

Lol.
The activity happened once so far.......
UCAP has been holding up @ above 13 for a long time now.....
The 10M unit on offer table looks fake to me, the actual offer is 3M+ .....
Let see who's right and wrong....

Btw, AIRTEL is in a world of its own......

GTB, the seller is tactically selling @22, your illustration described GTCo the more...

UBA now 7.60!! I'd suspected that 50M single bidder @7.50 or so for a long time....lol. ....been thinking they might find a way to drag the share price down to their junction.

These 3 stocks are mainly the ones one heavyweight is selling: GTCO, ZENITH, UBA........
Election is coming, could it be that some politicians are offloading to get liquid for campaign??
Could it be one moneybag eying oil biz or Otedola trying to generate more fund to buy one/or more of the integrated power project that the FG planned to sell??
Guess the same guy/entity was crossing Access, Fbnh and Fidelity before now........
Well, whatever it is, we keep watching Mr. Market....

UCAP:
Someone sold down to 12.40 earlier......and it immediately jumped back to 13/13.05.......
Two 5Ms suspicious on offer table.........why didn't the seller clear available bids?

Lol. Don't mind me, just thinking out loud....

Dollarwoman:
I need contact of GTL registrars. Yet to hear from the as regards to my GSK dividend. Very urgent Please.

You can call this number:
Don't know if the mobile owner is still with GTL but it's a number from Customer Service, you may request for working number or redirect.
01 6310942 ext 173 ; 012793160 - 62
08154283482
08038403983 - Udoh

GTB 22??
ZEE 23??
UBA 7.70??
Bargain hunters food don........

ZEE closing: 22.85!
GT : 22.20!
UBA: 7.70!

Slimdove:
@ YMCY56 Loco finally show face today,sighted at the sideline observing

Lol. He's back for some days now.........on the sideline as observer. He'll comment when he's ready I guess.

Btw, Oga @onegentleguy, above reason sounds more like it for the sell off by Otedola........
He's wise, retaining his number one position in FBNH despite the urgent sales. He may likely be back again.

DeRuggedProf:
Dear Ma,
Read this: https://proshare.co/articles/femi-otedola-sells-down-2-of-his-equity-stake-in-fbnh-to-5.57-from-7.57?menu=Market&classification=Read&category=Stock%20%26%20Analyst%20Updates

Prof Prof! E Ku three days.
Those analysts do guess too......they don't have all the facts.
Note the clause where they said for reasons best known to him too.
Hope you know the qty sold wasn't sold to retailers......and wasn't sold on the floor, it was cross deals to another moneybag.
Don't trust those guys too much sir. They always have agenda with selfish interest.
Besides, even if it's 5.57%, Otedolà still remains the single largest shareholder.

OANDO
Oando Clean Energy Ltd, a subsidiary of Oando Energy signed MOU with Lagos State LAMATA to launch electric mass transit buses

https://doclib.ngxgroup.com/Financial_NewsDocs/36130_OANDO_PLC%20OANDO_PLC_%20_PRESS_RELEASE__CORPORATE_ACTIONS.pdf

@thesilentone
You're doing well.
Read your exchanges with Oga Oracle and I must say we have quite a lot of gurus on this platform, only that most of you are hiding.
Make Una dey come out of your "shell" once in a while or often so we newbies can be learning too.

In another news, today 9th June is the last qualification date for Courtville........ For div hunters.

dharpzee:
If you are waiting for it to get to N9, you might miss out, as Femi himself might still comeback to mop it up.
I dont believe he would just let his full intention to sell some part be known. Lets keep watching!!!
NOTE: Qualification for their 0.35k dividend is Monday 13th, so lets keep that in mind also.

You seems to be thinking what I thought of too.

Otedola may need to quickly take care of certain contingency or acting on the inteest of another friend, thus cross some FBN units to him.....
How much is 600M+274M units sold compared to the billions he already acquired?
Is he going to now neglect the remaining over 7% shareholding in FBNH or wouldn't he still be interested in generating profits on that?
He's selling now, he may again come back to pick more than the units self. You can't predict those power hungry guys.
Maybe I dey over-think it sha, make we dey watch.......

edwardaigb:
......

@Edward I sent you PM but no reply.
I actually posted what I intend to tell you on the forum but deleted it again......this is it:
You can also do DD on PRESCO and MTN. Both seems to have inched up after then.
Had to come look for your post to copy you.

ACCESSCORP
Another 83.4% acquisition of Kenyan Sidian Bank......
Making the 2nd bank acquisition in Kenya...
Expansion plan continues......
https://doclib.ngxgroup.com/Financial_NewsDocs/36138_ACCESS_HOLDINGS_PLC%20PROPOSED_ACQUISITION_BY_ACCESS_BAN.pdf
https://guardian.ng/business-services/access-bank-in-fresh-37m-kenya-acquisition-deal/

AIRTEL:
Reversing the pullback again??

** Just market update**

Besides, E Ku Jagaban's victory as APC Presidential Candidate o.

yMcy56:
Na just gambling nah.
If Tony is ready to move, dem go move am o.
What if he comes in form of share buyback? Not saying he's coming for this o, just possibilities........

yMcy56:
TRANSCORP
Looks like Tony and his cronies hands are now in it........Maybe the time we've waited for.....

TRANSCORP! Sighted @1.39 earlier!
@Mpeace hope you're still in the bus .......
I hope Loco is still in the bus too.....

As for FBNH, risk takers should just keep eye on this space as well.........let them keep dumping it.....
They forgot that if Otedola exited around 874million units for reason best known to him, it's another heavy duty that's buying............we keep watching how the billionaires are playing the game....

E Ku market o.

FIRST BANK: Roughly N6.7 Billion spent on cross deals today AGAIN!!

ojesymsym:
I am wondering if your advice on GTCO and UCAP are suitable for his kind of needs. If he was a dividends hunter perhaps, but his questions seem more suited for Jijo or growth stock. Anyone that puts a short time frame like that, one has to be careful the kind of advise you give them.
Just saying sha and also looking out for you.

Thanks bro......and thanks for taking out your time to comment on this.
God bless.

edwardaigb:
Thanks and God Bless you.

Amen.
God bless you too.
Try and target bottom in anyone you're picking and avoid FOMO......
Picking in tranches too may also be good.

I come in peace.

Plus10:
Thanks

This is Morgan Capital's Acct numbers:
* Zenith bank acct: #1013840874
* Polaris bank acct #1771365357
* Acct name: Morgan Capital Securities Limited

Quite a lot of accumulations and cross deals in some stocks......

Plus10:
Please do you use morgan capital as your trading broker?If yes please how do I fund my account with them?

You got answer already.
Just transfer fund to Morgan Capital's Polaris bank acct: #1771365357.
If you transfer from the bank acct you registered with them, you'll automatically get a reply and will be automatically credited to your trading acct.

*Note: Always confirm fund deposit and ensure it's in your trading acct. It's just for follow up purpose*