₦airaland Forum

Dum20:
know. It is being bought at N23.80.
But it is curios is that I saw offers at N23.75 and people were still buying at N23.80.

It's cross deals.......
Some transactions are picked at premium......
Some picked a bit high to accommodate the volumes required....

CAVERTON: 1.10!!
Looking more attractive from here.......if it can get to N1 and below will be good too.....

MEYER:
Sighted @3.30......
This market no just balance, see as it's pursuing M&B......and conveniently overtake Neimeth......

FIDELITY: Sighted @3.45
What could be wrong here??

AIRTEL
Officially overtake Nestle in terms of pricing on the exchange.....
AIRTEL: N1,470
NESTLE: N1,401

SEPLAT
1. AGM Outcome.........
https://doclib.ngxgroup.com/Financial_NewsDocs/36051_SEPLAT_ENERGY_PLC%20CORPORATE_ANNOUNCEMENT_ON_THE_RESULT.pdf

2. Update on MOBIL Producing Acquisition.....
https://doclib.ngxgroup.com/Financial_NewsDocs/36052_SEPLAT_ENERGY_PLC%20CORPORATE_ANNOUNCEMENT_ON_AN_UPDATE_.pdf

YourhealthNG2:
It seems Morgan Capital does not work well on phone? Na wa o

Could be due to heavy workload around this time.
Then you know, in the process of generating CHN for you, they'll contact CSCS and all those stuff.

Copy info@morgancapitalgroup.com in all your correspondences.

OBAGADAFFI:
......all things being equal.

Na so.
As Nigeria Coys concern, they can wake up tomorrow and do the unexpected again.

ojesymsym:
In pidgin inglis, should we sell our holdings?

Make you no sell oo.
There may be pumping here in coming days.....
Dem go communicate details of how dey wan do the process later, this one go give clear direction.
Na just my opinion.........I fit be right or wrong....

I think it's not a high risk stock considering the share price, which you might have picked @20k least/minimum price self.
Final decision is yours afterall.

OBAGADAFFI:
I just hope Uncle Tony will leave UCAP as an independent company and not try to create UBA-Holdings with UCAP as a Subsidiary.

You can't predict these Guys.

There was unbundling before from what I read......
UBA unbundled UCAP, APR and maybe some few other subsidiaries.......
So there can't be any "Holding" again.......all things being equal.

UBA
These guys @7.90 though!!
They just lined up bids at that junction to be packing @7.95......
Make dem allow the price fall if that's what they wanted nah..

UCAP
Recognition by Financial Times London as one of AFRICA's fastest growing company
https://doclib.ngxgroup.com/Financial_NewsDocs/36044_UNITED_CAPITAL_PLC%20RECOGNITION_BY_FINANCIAL_TIMES_LOND.pdf

FBNH
Acquisition of ACCESS Pension Fund Custodian
https://doclib.ngxgroup.com/Financial_NewsDocs/36042_FBN_HOLDINGS_PLC%20NOTIFICATION_OF_ACQUISITION_OF_ACCESS.pdf

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.....