₦airaland Forum

mickeyJoe:
No, your business doesn't have to be registered before applying.

Oga don't give false info here.

It has to be registered before you can apply.

safepaulooo:
Many are already loading WEMA bank, not waiting for dust to settle. It's obvious WEMA skyline is bright. One might wait and miss out. Personal opinion....

Market Maker has been appointed and authorized to do some repurchasing on behalf of the Coy.

Risk takers who can be smart enough to JIJO MAY benefit......and if the odds falls in his/her disfavour, it's all risk taking.

Those who have it might decide to leave it and see to the end of the process, who knows, it may favour them......or not.

NGXGROUP
Is anyone watching how they're trading packing this stock since it hits 15.30?
I've said I won't say anything on it again since the bashing when we mentioned it here.
Same NGXGROUP I was under intense "heat" for.
**Closed @20 today**

Those waiting @ N10 or is it N2, E Ku waiting oooo.

BTW, I was the first to reply Oga Rabbi's new year greetings to us all by "liking" his post..........if I hear say you no welcome him or any of our gurus back to the forum!
Someone should be marking attendance.......

Zedicusdgreat:
Good morning guy! I’ve been following this thread for a while now as a guest and I must commend you all for keeping this section alive and also keeping us informed about the markets. I want to buy Nigerian stocks for the longterm but I really don’t know the best online broker. I’ve signed up on wealth.Ng but I’m still a little skeptical. Please I need a little guidance on this area…which is your best broker? And how can I watch the market trade live?

There are quite some good brokers with Digital portal whereby you trade by yourself and watch live trades.

I'll recommend Morgan Capital Securities.
That's the broker I'm using with excellent services.
You may revert if you needed additional info on them.

sterlingD:
I am watching it.It's like trading on this stock has not started(Correct me if l wrong)

It has started.
Trading on the floor right now.
If interested, you can keep eye on it.
We watch how Mr. Market align the pricing....

Happy New Year @Locodemy and @Megawealth01
Wishing you a glorious 2022.
More profits to your/our JIJO biz this year IJN.

@Loco, your Academy has been on continuous full bid for the past few weeks........but it's very illiquid.
Let's hope it'll go far up....

onegentleguy:
On WEMA... I think there's no confusion though.
Like I said before;
It will be best for a prospective investor to wait on the sideline and seek to align post the conclusion of both exercise to better tap into VALUE!
Your entry peg though will be KEY.
We already have a guide.
Selah

Thanks sir.
Think I'm also on right track to advice the Oga talking about penny stock to wait and allow them conclude on their upandan first.
Appreciate your best wishes sir.

BUAFOODS
BUAFOODS listed today at N40.00!
Over N40B staked on it so far.....by moneybags!!
These pot belly men can do and undo.....

https://www.vanguardngr.com/2021/12/bua-foods-consolidate-to-list-on-stock-exchange-soon/amp/

austinkenneth:
Abeg any info as to what the other things could be?

Possibly, deliberations on the delisting process.......
Fixing Directors' remunerations and how Directors go share goodies....lol.

WEMA BANK
Seems like too much grammar dey worry this bank.

1. There'll be reconstruction of shares in ratio 3:1 .......i.e one share for every 3 held.
If you have 60,000 units, it'll become 20,000 after reconstruction. Think they called this "reliquishing shares by shareholders.

2. The 2/3 reliquished will be repurchased in form of right issues........

3. Market Maker has been appointed to repurchase reliquished shares.........

We will understand the grammar much better as time goes on........
We may likely witness some manipulations here in coming days....

https://doclib.ngxgroup.com/Financial_NewsDocs/34771_WEMA_BANK_PLC%20WEMA_BANK_PLC_%20_DEC_31,_2021_COURT%20ORDE.pdf
https://doclib.ngxgroup.com/Financial_NewsDocs/34772_WEMA_BANK_PLC%20WEMA_BANK_PLC_%20_DEC_31,_2021_EXTRAORDIN.pdf

Oga @Onegentleguy happy new year sir!
More of God's protection, direction, good health and blessings for us all IJN.

customstreet:
No worries, less than 6 months, we shall know where they are going

Courtville's Board meeting is coming up on 27th Jan, 2022.....
To consider unaudited FY report (Q4 2021)..….... Among other things.......

https://doclib.ngxgroup.com/Financial_NewsDocs/34774_COURTEVILLE_BUSINESS_SOLUTIONS_PLC%20_NOTICES_OF_BOARD_M.pdf

customstreet:
Thank you my brother. I appreciate. On the Courtville delisting, what is your speculative delisting price you envisaged?

When I surfed through internet looking for it’s fair price, I came across 2 American valuation sites with one saying it’s fair price is 58k and the other put it at 179k. When I examined their balance sheet, it book value was 102k. Though, there free cash flow per share as at third quarter was not too strong enough to match the least price mentioned above.

I asked similar question on this from CP, see the posts below:
You may check pg 6495 of this thread to get more understanding of the Q/A.

currentprice:
I doubt the mgt decision to delete the company will be in favour of shareholders. why d decision now when the numbers begin to look good with good o₂ backup .

the latest report is not enough to push d price to d destination, 2nd half of the year data needed. if they keep the company on nse........ price is likely to rise to N1.1 but if they announce the buyout price soon i expect half of the 1.1 or close to

currentprice:
it risky now except u looking for Loco % gain jijo.
as it is now.... we are at d mecy of the mgt. they can wake up tomorrow to announce 55k as buyout follow by technical suspension

klas:
Is this the intended referenced statement?
The statement was released on 22 November 2021. Not new

Oga see as you rush to reply me that the reference was old, but when i talk say Nsempa no dey "like" (reply) greetings now, you no say anything o.

Anyway, maybe the wrong upload was from NSE.......but it was the newly uploaded doc for Jan 2022.
It could be the actual agreement entered into that they intended to upload.............BUT the message is: There's now a formal agreement to acquire FBNH's stake in HW. Previous info may just be the planned acquisition.

I don try for today. E Ku imura market resumption o.

customstreet:
Good day house,
Can anyone advise on any of the two penny stocks to pick among the following
1. Academy
2. Transcorp
3. UPDC
4. Courtville
5. LearnAfrica
6. AbbeyBuilding
7. UPL
8. Fidson
9. WemaBank
10. Prestige Assurance
Thanks in anticipation of your advise

I'll go in this order:
Learn Africa, Fidson (though Fidson is not a penny stock again), Courtville, Transcorp.......and maybe UPDC.

** Academy and UPL : Very illiquid.
** Abbey Building: Not very familiar with this. Also illiquid.
** Prestige: Trades in range.
** Wemabank: Wema is good BUT you have to wait till the issue of reconstruction or whatever is sorted out first.

*** REMEMBER: This is strictly my opinion.
*** ALSO NOTE: That you have to time your entry right. Try to pick at bargain prices.
*** ALSO REMEMBER: That Courtville is delisting, you can start picking in tranches. They are yet to announce the buy-out price........once announced and is fair getting cheaper may be a bit difficult by then.

mickky22:
When is the best time to buy dividend shares.
How one get previous dividend records.
Thanks in anticipation.

In my opinion, I think mid February to March should be the best time to buy.

**Pls note this**
- My opinion is based on past few years observations.
- Each year may come with its own different direction.
- You'll have to create time to do serious monitoring to see the direction of Mr. Market and be able to know when stocks offers bargain and are good for picks.
- Picking may depend on your investment objectives and pocket too .......you can be picking in tranches cos no one can time Mr. Market.

- If I remember any other thing, I go update am.
- Remember this is purely my opinion

FLOUR MILLS ENTER INTO AGREEMENT TO ACQUIRE FBNH's 5.06% STAKE IN HONEYWELL
Let me be the first to post NSE news in 2022.

https://doclib.ngxgroup.com/Financial_NewsDocs/34606_FLOUR_MILLS_OF_NIGERIA_PLC%20FLOUR_MILLS_OF_NIGERIA_PLC_.pdf

E Ku Odun o.

Chai! Nsempas are the most stingy set of Nairalanders I'm familiar with among NL threads.

To greet for odun wahala. To answer greetings, gobe. To come even do Christmas/New year giveaways......just don't go there. When you know wan step on big men/women's toes. They come even stingy with info join on top everything. Lol.

Just say make I whine una small. Don't mind me.

Anyway, no serious bull in 2021, no serious bear either.
We pray that 2022 will usher in more bulls to put smiles on everyone of us faces IJN.
We hope for a better 2022 IJN.

Let me say a big thank you to Oga Wanaj0 , he came thru for me in 2021 at a time all chips were down. May the Almighty God reward your act of kindness and be gracious to you and yours throughout lifetime and beyond IJN. More blessings IJN.

Purpleflower:
I heard your business must be registered to win. How true is this?

Yes.

The grant doesn't favour the small small businesses in my opinion.
Quite some requirements that are not upcoming biz owner friendly. Looks more like grant for the big, long established biz.
Also looks like grant for who knows who.......not sure the selection is based on fairness.

There should be a transparent process whereby site visit to small businesses can be done to ascertain and confirm that it's genuine, without necessarily going thru some bottlenecks.

Happy New Year To Everyone!
Wishing us all a prosperous and fulfilled new year filled with divine direction and God's guidance.

Was privileged to meet one Oga for NSEMPA today........and the first NL-der! Narrowly missed the 2nd.
Shout-out to my bosses!

VITAFOAM
Final Dividend: N1.50
Qualification Date: Feb 11, 2022
Payment Date: 4th March, 2022
https://doclib.ngxgroup.com/Financial_NewsDocs/34719_VITAFOAM_NIG_PLC%20VITAFOAM_NIGERIA_PLC_CORPORATE_ACTIO.pdf

OBAGADAFFI:
Has Union Bank concluded to delist?

No where was it mentioned that UBN is delisting.......
Only sold larger percentage to Titan Trust in form of acquisition.....
The percentage sold includes that of Atlas Mara as well.
Think we still needed to know how much Titan is paying per share of UBN.

veecovee:
How's everything Sis Mercy, hope you are not in the village already?

God is in control ooo. Thank you.
Compliment of the season and happy new year in advance sir.

Can see that you already got the UBN offer/bids requested for.

emmanuelewumi:
Access Bank and Zenith Bank are better qualified for the acquisition of Union.

A good thought.


BTW, what is it about demise of one key person or the other in some of these companies lately?
It is well o. God is in control.

https://doclib.ngxgroup.com/Financial_NewsDocs/34699_VITAFOAM_NIG_PLC%20NOTICE_OF_DEMISE_OF_AN_EXECUTIVE_DIR.pdf
https://doclib.ngxgroup.com/Financial_NewsDocs/BUA_Cement_Plc_Demise_of_Company_Secretary.pdf

IHelp:
Did caverton declare any dividend recently. Just got an alert.
Abi na dividend wey hang before

Caverton declared 10kobo dividend for 2020 FYE.
Declared around April 2021 or so.....

WEMA BANK
Consolidation of shares into 3:1
Looks more like reconstruction worded differently......but more clarity will surface as time goes on.....
https://doclib.ngxgroup.com/Financial_NewsDocs/34684_WEMA_BANK_PLC%20_NOTICES_OF_COURT_ORDER_MEETING_(COM)_%20.pdf

FBNH
200M additional units @11.52 Av. Price.
Whosoever have Ote$'s number should tell him to come see his fan oh.

https://doclib.ngxgroup.com/Financial_NewsDocs/65_Notification_of_Insider_Dealing_-_Mr._Otedola.pdf

OBAGADAFFI:
They are ticker symbols .
They are unique abbreviations to identify traded shares on stock exchanges.

He's referring to the Eleven compliance indicator symbols.
https://ngxgroup.com/nse-to-implement-compliance-status-indicator-codes-on-listed-companies/

onegentleguy:
This was long highlighted and attended to.
The article above should address all your concerns and much more!

And yes, unless MTN decides otherwise, I don't think there'll be an extension to the offer period.
Think the offer is already oversubscribed.
The offer appear to have gathered much momentum, particularly in the South-East and Northern parts of the country.
MTN were well prepared for it with enough 'goodwill' to get folks in. There was even an announcement that the company will commence construction work on the terribly bad Enugu-Onitsha express way as part of the coys CSR initiative.

Thks boss.
Should be an oversight since I'm not picking the IPO, so, not much attention paid to it.

The aspect that got me a bit somehow was the momentum gathering aspect. It was over-publicized with lots of noise everywhere self.

codeME:
Thank you for your reply, most grateful.

Try and read/understand the terms and conditions well before buying anyway.

** You must be ready to hold for at least one year before you can sell and that's the only condition that can qualify you for the bonus of 1 for every 20 purchased**
** Must be picked in multiple of 20s**

Had to explain to someone who wants to buy with the intention of selling pretty soon......so I thought, let me put the reminder here too.

Consider your options very well before going for it.
If you're an investor, watching and picking on the floor will be more like it for me...........this is an update to my earlier post.

codeME:
I am a bit late entering the bus, what are the Bosses here opinion about the MTN IPO?

I've also been waiting for the bosses opinion but seems no one has replied so far.

As an amateur, I'll say the IPO is worth given a trial.
Should be closing tomorrow the 14th, not sure there'll be any extension.

Pls do your DD too.....that's just my opinion.

currentprice:
The stock is "TOTAL"

Well done boss.
Na big man's stock you carry come this time around.
When you see for penny lovers, pls don't hesitate to share too.

BTW, I also think that Total needs to come down some more to make it more attractive.

BullBearMkt:
How sure I am? I only say what's on the chart and if a reputable someone has informed you before, then that buttresses its validity...

Boss, nice to see you back oooo.
E Ku plenty days sir.

Season's greetings to you..... and my other big-big bosses back in the house.
Nice to know you're all doing very fine sirs.