₦airaland Forum

FIDELITY BANK
Executive Director's dealings.......
Aggregate: 30M+ units @2.25
They are getting their fills small small......once they're done, they'll move the price.

https://doclib.ngxgroup.com/Financial_NewsDocs/67_FIDELITY_BANK_PLC-NOTICE_OFSHAREDEALING-DR._KEN_OPARA.pdf

locodemy:
That resistance in Transcorp since last week is tempting

Market is looking up..........maybe it's too early to conclude.......

BTW, where is Peter?
Told him to stop using Katanga mattress, hope he changed it to Vitafoam that time.......Na so Vitafoam waka reach N12......

The recent resilience of ZENITH was/is one of its kind........

Market: Generally dull this early hours......with retail traders still cherry-picking very low volumes across board......
Let's see if the deep pockets will arrive and take centre stage later......

Biafran4life:
The broker it is domiciled with is analogy and worst than the registrars.Walking towards moving out from them.... witchcraft...

Try this number: 09061706239
Mr. Barnabas. He's a compliance officer in First Registrar........one of the numbers given to me when I made certain complaint......
You have to keep calling him for updates.

locodemy:
Hmmm mercy, If it comes out fine is hope oooo.
They may pay dividend.........like your conerstone did.

Anyway I am back.Hope you are seeing resistance in most stocks now?
Let's wait and see the stock that will prompt the breakout which will reflect in almost all the sectors of NSE.

Lol. Did I mention that Cornerstone will pay dividend?

As for Lasaco, the probability of paying dividend is there. Unaudited 2020 fye result was good, PAT more than double, just waiting for audited one.
Lasaco has been consistent with div payment for the past few years now.
Also I read somewhere that Lagos State inject some funds in the coy, can't remember if it's here again.
Las las, all na risk taking......

** Caveat: Not any form of recommendation.

sonofElElyon:
Hello. After much consideration, I've decided to buy sovereign trust plc shares out of the whole lot..
Just want a second opinion before I go ahead. Do you think it's a good buy?
Risk is mine of course

If you're not inclined to insurance stocks just stay away from them, don't buy because of another person's convictions. You may look the way of fundamentally sound stocks.

As for STI, if you feel like buying some, you may pick at low junction around 25-27kobo and take lots of drugs of patience.

I think Lasaco may be a good choice too......At current price, 1.39, Lasaco is trading @ 0.34k.....or let's say, 0.35k...........still awaiting release of result......IF it comes out fine, the coy may pay dividend. DD applies.

Sniper4real:
...

Will check and reply

.....

ukay2:
Welcome back

Thanks Sir.
Though I've been around, just on the sideways. Just didn't feel like commenting ni.

Mr. Market's mood changed positive towards closing after prolonged sideways tradings......with some fundamental stocks advanced a bit ......
We see what coming days looks like.....
E Ku Market o.

Doc @Ukay2 thanks for asking after Mcy.
More blessings IJN.

OKOMU, ZENITH, VITAFOAM.......
Currently vexing on the exchange......
These stocks are possibly beating devaluation.
ZEE: Quite a lot of picks @22.90/22.95.......

DANGCEM:
Sighted @230.........seems we might not see lower low here for the share buy-back....

GTB:
Sighted @28.90........
Below 20 geng E Ku waiting o.

WAPCO, FMN......Not doing bad too......

FIDELITY.......When will you "gbe body"?

locodemy:
I wanted to point veritas to you when there was heavy crossings at 20kobo.
You and insurance are now soulmates.

Saw it too.....
Closed on full bid @24k today.......let's see how far it goes........

I expect these coys to start communicating their recap plans to us soon........
International Energy IEI) made an announcement already...... to be bought over/to be sold....
I'm their rep on Nsempa.

UP FCMB, UP ZENITH!
Seems Zenith has hired FCMB Market Maker on contract basis.....
the defence so far is commendable..... lol. Don't mind me o.

One hitchy finger dragged down Regal share price at the last minute!
Whosoever is fear-fear, should stay off penny stocks and stop spoiling things abeg.

DANGSUGAR: Touched 17.95.......but no 100k block to move the price yet .......

Chi Plc, Regal doing well so far ........
STI........too much overhead.......once the mountain @30k becomes plain, we may be seeing slow and steady upside........lol.

emmanuelewumi:
At least it will drive up the price for the benefits of retail investors and then the company will go private.

Yes. He did same when he equates CCNN to BUA on ratio 1:1......retailers benefitted a lot........
Let him keep it coming this time around........ we'll be on the lookout for the timing, God willing.
Thanks sir for the info.

BRENT
Trading above $70
https://nairametrics.com/2021/06/04/u-s-oil-heading-to-70-mark/

emmanuelewumi:
Or when the company start a share buy back programme

Is there a possibility of share back back here too?
That will send up the share price of BUA.........will just be like total take over or something.

Curry30:
AMC is the hottest US stock right now. Done over 600+ % in the last month.

Thank you.
Lol @ Loco's Average Maintenance Cost. What are they maintaining.....lol.

emmanuelewumi:
So why should SEC force him to sell. He can't be forced to sell and people with the means in Nigeria and abroad can't be forced to buy either

All well and good.
In as much as the manipulation or whatever is making the minority shareholders laugh, it's fine and good.
Let him sha move the share price to N100 first.....

veecovee:
Can someone pls send Morgan current account numbers pls

Polaris Bank
#1771365357
Morgan Capital Securities

emmanuelewumi:
If he does that the price will fall. Pension Fund Managers and other long term investors with deep pockets are not ready to buy at the current price.

Yes.
That's why he's comfortable holding on to the large stake......

Lion123:
Oga BUA and his brother need their money sharperly.

Lol.
Alhaji needed some change to take care of other businesses.
Owns over 90% stake in BUA.......
About 65B dividend in total to be pocketed.
I think SEC should look into this in future........and force him to release more % to minority shareholders.

https://nairametrics.com/2021/04/06/abdulsamad-rabiu-set-to-earn-n39-4-billion-from-his-cement-business/

arduino:
One phrase - AMC

What's AMC?

NAICOM:
https://nairametrics.com/2021/06/04/naicom-says-it-will-launch-reforms-to-improve-the-insurance-sector/

https://nairametrics.com/2019/08/19/naicom-keen-on-recapitalization/

JAPAULGOLD Q1 2021:
https://doclib.ngxgroup.com/Financial_NewsDocs/33442_JAPAUL_GOLD_AND_VENTURES_PLC%20_QUARTER_1_%20_FINANCIAL_ST.pdf

LINKASSURE........Full bid @55k........
I cut soap for that guy before dividend markdown but he refused to use it, saying his broker says whatever.......

locodemy:
Ejooo sir.....kpele sir......I am sorry sir

Lol.

BUACEMENT:
Revised Corporate Action .........
Dividend: N2.067
Final Qualification Date has been moved forward to June 18, 2021.......(was formerly July 12,2021).

NEM:
Dividend of 0.09k
Qualification Date: June 4, 2021
Share reconstruction of 2:1 coming up.....i.e. if you have 1M units, it will become 500k ......and...
Nominal Value raised from 50kobo to N1.......meaning The price will also double alongside share reconstruction.......(nothing to lose here I blvd).

**This thread is now super silent**

OBAGADAFFI:
I just hope Zenith will break the support.

Support has formed @22.95 and resistance has formed @23 for quite some days.........more pressure at that junction.
Let's hope there'll be some more good news to allow Zenith and others break the resistance and move up........
The kind of money picking @23 though..........one 5M bulk unit was picked once........alongside several others...........bargain hunters like Peter must be getting frustrated at their various low junctions.........
We see what coming days will be like.......Let's just hope for more good news...

FCMB has been doing great anyway.......defending the share price, the MM has always been superb.......

Dangsugar is trying to lift body........sighted @17.50 but no 100k block to move the price....

Curry30:
Does one need to send dividend mandate every time dividend(s) will be paid assuming the shares held are never sold?

NO!
Once processed and approved, that's it.
It's done once........
However, like it's been advised several times here by the ogas, don't sell all units at any point in time. Leave about 100units in your portfolio to avoid repeat of the e-mandate processing again.

Lion123:
Niggas are trying to bring Zenith Bank down. 44 million offers, but it is still stuck at 23.

This is like the first time I'll see Zenith showing much resilience in the face of plenty offers than bids........just defending the N23 junction.

Fidelity on the other side has more bids than offer 79M bids vs. 14M offers, yet price refuse to move..........once the seller is done selling, it will move sha.....

Lots of retail trading generally.....

@Loco
Also remember that there's 1st recapitalisation deadline coming up in Sept. If it doesn't change again, we should expect more activities in the insurance sector, think we've mentioned this here several times.
There will likely be merger, acquisition, buy-over, fund injection from new investors and the likes in the sector.
OGG gave detailed analysis of some of these things.

*Yes you're right.....it might be group of people or even the company's designated broker.

**Caveat** Individual DD is advised. Any action at owner's discretion/risk.

locodemy:
Have you ever seen Japaul moving because of results?
Gold is on a steady rise this time around.
I believe in the next announcement in Jp rather than the result.

Lol. Japaul doesn't follow result nah.
Anyway, AGM took place yesterday, we need to know if the new mining arrangement was part of the agenda......we await next announcement.

Also, you mentioned that one person moved Linkage, I don't think it's a person but MMs are at work.

REGAL is making investors smile, from 33k to 53k, since you're back Jijoing, let's try some luck here nah.......even though me I was in @37k........... seems MM has a target, looks like it still have some upside. (I've been mentioning it here before now).

**Caveat: Pls Do not take my words for it, Mcy is just Jijoing here.

faoogoke:
Is this a country? Court ordered meeting states that refunds will be made to shareholder 10 days after AGM.
Its over five month after the AGM and no refund to shareholders.
What we were told is that the buyers of Union Diagnostics minority shares have deposited the money in an account.
And do we really have a regulator in this country? I s SEC dead?
What lawlessness exists in this country!
We brought shares at N5.50 and we are now forced to sell at N0.35k. God! Some people wont make heaven!

SEC has been bought over. Now a toothless dog.
Over 5mths, no payment, nothing.
Seems corruption is eating deep into the system.

E Ku Market o.
E Ku JP.
Cc: @Loco

Oga @Yok nice to see you back on the thread. Don't forget to keep us updated on MSCI table too.