₦airaland Forum

currentprice:
nxgroup still have the higher fp on bedsheet. may be cos of d outstanding share 5b vs 1.9b
waiting to see ngxgroup Q3
Fingers crossed
.

Report to be filed on or before 30th October, 2021

https://doclib.ngxgroup.com/Financial_NewsDocs/34370_NIGERIAN_EXCHANGE_GROUP_PLC%20_NOTICES_OF_BOARD_MEETING_.pdf

ViTAFOAM guys are showing up small small @17.50.........in some form of crossings.....

AIICO, GUINNESS.......on full bid @1.13 and N33 respectively.......

Most Companies' AGM are taking place today.........

locodemy:
Mercy, you can now talk of NGX.
Those buying at this price is buying at support.
Reversal is eminent at this point......

Lol.
I don't want to talk about NGXGROUP again.

LOCO'S LIVING TRUST RESOLUTION AT AGM
https://doclib.ngxgroup.com/Financial_NewsDocs/34339_LIVINGTRUST_MORTGAGE_BANK_PLC%20OCT_2021_EXTRA%20ORDINARY_.pdf

*Modified*
Q3 of BUA & Ikeja Hotel posted already.

locodemy:
If you no take time,I go first you chop profit for NGX wey you dey defend.

Lol. Nothing spoil nah.
Na for us to chop profit with those big boys matter most.

Marketapprentic:
Auntie, I also saw that single bid, to me it looks like the person involved just want to use it to create FOMO effect. He started with 5.5mil bid, then later withdraw it and increase it to 5.8mil then boom to 8.5mil then finally 8.8mil but withdrew the bid 3minutes before the close of bidding window. Let the same person bring the bid at say #21 in this market session cuz that is cheaper than the earlier #22.50 that he wanted to buy I could be wrong but that bid is highly suspicious

You're very correct.
That was the order in which the person placed the bid in pre-market.
......but you could also be wrong, or could be right........ most times, insiders have privileged info and they sniff result/ corporate actions before anyone else.

As at now, bids far outweigh offers and someone somewhere is codedly buying @20 or below.........so if it's a strategy to buy cheaper, I think the person has successfully achieve/been achieving his/her aims.

Whatever it is, good or bad, we dey observe them.....

NGXGROUP
The guys at 22.65, let them go and clear the bids if they're serious about selling........

aimaft:
Ngxgroup remains a dicey stock as it stands. I saw the 8m unit at 22.50 but why did the person remove it?

It's great someone else saw it too......
Could be a strategy to accumulate at much cheaper price.....

faoogoke:
I was able to exit today. Thank God!
I will be waiting for it to come down to around N15 before I enter again.
And hold for around 4 years before I exit.

Why did you run? Lol.
Did you see premarket of over 8M units bid @ day's high, 22.50? ......but the person removed it again before market starts..
Coming quarterly resul lt may likely be good.
Mentioned yesterday that it looks like some guys are trying to push the share price down to enter cheaper.........only time can prove this right or wrong.

** Not in any form an advice. Just calling your attn to it.........moreso that you were optimistic about it initially**.

***Updated: Just read Pa. Emma's posts on NGXGROUP. Pls note that you're the CEO of your portfolio. Mcy just reported what was observed in the market ni.**

NESTLE
Interim dividend:N25.00
Qualification Date: 19th Nov, 2021

Chai! This stock is on another level!!

https://doclib.ngxgroup.com/Financial_NewsDocs/34336_NESTLE_NIGERIA_PLC%20DECLARATION_OF_INTERIM_DIVIDEND_CO.pdf

GSK Q3
https://doclib.ngxgroup.com/Financial_NewsDocs/34333_GLAXO_SMITHKLINE_CONSUMER_NIG_PLC%20_QUARTER_3_%20_FINAN.pdf

NESTLE Q3
https://doclib.ngxgroup.com/Financial_NewsDocs/34334_NESTLE_NIGERIA_PLC%20_QUARTER_3_%20_FINANCIAL_STATEMENT_F.pdf


UCAP LAUNCH OF INFRASTRUCTURAL FUND
https://doclib.ngxgroup.com/Financial_NewsDocs/34330_UNITED_CAPITAL_PLC%20LAUNCH_OF_INFRASTRUCTURE_FUND_CORPO.pdf

FBNH
Over N4.3Billion transactions done here today........
The moneybags should keep it coming.....

ETI
Closed @7.70......
Quite a number of cross deals @7.60/7.65.......looks
more like it's still aiming high.....

Unilever, PZ, Cutix, Mansard, Airtel..... all advanced in prices......

ETI: Lots of cross deals @7.60....

GTB: Lots of cross deals @28.60....

NGXGROUP:. Looks more like some guys are crossing it.........
Placed huge offers @ day's high to make it look like they are running, but it's more of a strategy to buy cheaper from the look of things......

locodemy:
Did you see any offer?
Any offer seen will be taken immediately.
This is the free float issue I am talking about.

Loco, don't come and go and get stuck in Living Trust o.
It's illiquid and has floating issue.

FBNH
Some guys are crossing and codedly picking @12.75....

NGXGROUP....
Selling @ discount @ below 21??
Only time will tell....

E Ku market o.

50Ms cross deals flying upandan in FBNH....

Information that Otudeko sold his shares may not be true after all.......
It was learnt that he's still retaining his shares and that his loan is performing.......

This is battle among billionaires. This is interesting!

Rumour also have it that some big govt officials are acquiring some stakes in FBNH shares....

https://www.thisdaylive.com/index.php/2021/10/24/otedola-adenuga-hassan-odukales-otudeko-in-battle-to-control-first-bank/

[quote author=Oakbranch post=107002245][/quote]In my opinion, I think FBNH is a Hold.

As it is now:
** FBNH has large free float with no major control...
** Four major players are battling for the control of FBNH's ship....Otudeko, Adenuga, Otedola and Hassan-Odukale....
** Three major players now owns over 5% shares.......Otedola (5.07%), Otudeko (5.32%), Odukale (5.36%) and Adenuga (over 5% but not sure if this is true because when updated last, it wasn't up to 1%)...
** So far, higher percentages are going into the hands of these billionaires (and many more unmentioned billionaires with less that 1%)..........this is in turn reducing the number of shares available to the public....
** All indications are pointing to more accumulation of shares by the major players to outdo one another in coming days......
** FBNH recently sold her stake in Airtel Nigeria at a premium, amounting to extra cash for the group.....
** If the rumour that Otedola is presently controlling or will be controlling the larger shares is true, then investors are somehow optimistic that FBN will perform so well under his leadership..........considering his past achievements in FO & Geregu plant.....
** These guys are enjoying the backing of the powers-that-be in the background.......
** We may witness more share acquisition in days to come.......
** More drama may likely unfold......
** Just stay tuned.....

**LOL. This is just my opinion based on the little info I have and based on what's going on so far.........I may be wrong, some data may not be correct for now........but I don talk my own.

phemmie06:
Leadway leading with some point, na real gidigbo be this

Lol.
Otedola is still leading, let them keep denying it.

Some media news says that Otedola acquired about 5% before now.......thru some Companies.........bringing his stake to over 10%. Though no formal notification as to that effect (the initial 5%).

Anyway, let them continue with the battle of supremacy, in as much as it's going to end up helping the minority and tashere shareholders.

I throway salute sir!

phemmie06:
FBNH are only following the due process, until he is passed by all the regulatory bodies they won't declare him as the chairman of FBNH. The best they can do is to distance from them from the rumour.
A winner of an election can only be declare a winner but until he/she is sworn in, he won't be called with the title of the office

Thks Oga Phemmie.
E Ku 3 days.

onegentleguy:
Chances are that it's not Sir Otedola that's buying now. Maybe the owners of Leadway assurrance (Sir Odukale & co) ...see the attached doc below.

Wish I had a stake in that insurance company. It's about the biggest and best managed insurance coy in the country. The group alone, has acquired over 5.36% of FBNH' total OS.

Again, maybe Sir Otedola might also buy in future. Or perhaps someone is buying or will buy on his behalf. (indirect stake)
Probably explains the other 4.17% of FBNH shares acquired from the total of near 9.6%. .

Thanks for this info Sir OGG.
Leadway is no doubt one of the best insurance coys in the country before and now.

Otedola is buying thru Calvadous Global Services Ltd and maybe some other companies not yet known.
A publication has been issued today as to that effect.

Battle of who controls the largest stake and directs the affair of the bank seems to still be on.....

https://www.google.com/amp/s/nairametrics.com/2021/10/22/billionaire-investor-femi-otedola-now-majority-shareholder-of-fbnh/%3famp=1

Mpeace:
Otedola has done the needful. He bought 1.8 billion units. FBNH has officially notified the exchange.
https://doclib.ngxgroup.com/Financial_NewsDocs/34328_FBN_HOLDINGS_PLC%20NOTIFICATION_OF_SUBSTANTIAL_SHAREHOLD.pdf

Otedola is said by the publication to own 5.03% of fbnh outstanding shares

However, new publication indicates that the current chairman of the bank owns 5.37% of the bank's outstanding shares.
https://doclib.ngxgroup.com/Financial_NewsDocs/34328_FBN_HOLDINGS_PLC%20NOTIFICATION_OF_SUBSTANTIAL_SHAREHOLD.pdf

Hmmm this one everybody dey rush fbnh, make them just come buy us off with our chinkili units

Wanted to post the publication but saw that you already posted it.

Mentioned it that these guys are playing games. Don't mind them.

So on this same Saturday, weekend o, FBNH denied receiving any notification and same today, notification was received and immediately published on NSE website. Dem try.

Publication says 5%, Media says over 10%. Who is deceiving who?

On a serious note, I think there's a value ahead that these guys are seeing but still not known/clear to ordinary eyes.
Seems more and more individuals and companies are taking position in FBNH.

Na to keep close eye on the stock o.

samguru:
N@Mercy come and carry your stanbic IBTC comot for here,the result dey give us hearthache ooo.

Lol. Pls allow our Stanbic be in peace o, country hard.
The Company still try nah.
Las las our foreign portfolio investors will come to the rescue.

Mpeace:
FBNH denies otedola take over. (For now sha until notified)

.....and by the way, I don't think N30B worth of shares is enough to make him the highest shareholder yet.........
You know I mentioned yesterday that he needed to buy more.......it could be that he has attained 30B worth of shares and still counting......but the media is fast to announce that he now owns majority shares.

From what I read initially, if it's true, then hes still going to N80B or so.
All na still media news here and there.......truth will keep surfacing as time goes on.

Between, Fbnh will adopt the report once a notification is made and NSE is in turn notified.

https://www.vanguardngr.com/2021/10/how-otedola-may-have-acquired-10-stake-in-fbnh/amp/

https://www.google.com/amp/s/brandspurng.com/2021/10/22/femi-otedola-becomes-single-largest-shareholder-of-first-bank/%3famp

Mpeace:
https://doclib.ngxgroup.com/Financial_NewsDocs/34323_FBN_HOLDINGS_PLC%20STATEMENT_FROM_FBN_HOLDINGS_PLC_ON_IN.pdf
FBNH denies otedola take over. (For now sha until notified)

Usual and initial denial.
The info leaked before FBNH notifies NSE and there's the need to deny it first in order to prevent sanction.

Also, boardroom politics is at play here.

** Otudeko's faction brought in Adenuga and I suspected that the other faction of Adeduntans brought in Otedola.
** It could be that the other faction are planning to increase their shareholding as well, to oust Otedola, so they needed to discredit the report that Otedola now controls the largest shareholding.........so they can move in more.

** Let the billionaires make some more show of billions' display joor, we dey gbadun dem.
** Some more billionaires should also come on board as well. Coming days will be interesting.

https://www.nairaland.com/6816433/unaware-otedolas-share-acquisitions-fbn

sterlingD:
NGXGROUP.......?

I think one of the things affecting this stock is lack of much info about them......

This is their first year. No track record or past history for analysts to base their judgements/analysis on.......and to know if their listing price or current price is a fair value/ fair reflection of the true state of the group.
In terms of past history, I mean as a Limited Liability Coy.

More clarity will keep surfacing as time goes on.......but I think this stock is a good one to keep eye on. It will most likely deliver.

Caveat: 100% my opinion. I may be wrong.

samguru:
Guy, dont rejoice too much.
Otedola is not coming in to benefit the minority shareholders, rather he is coming in to use the bank to further his ministry.

Your eye go clear when FBN starts to dey give loans to him to acquire assets FG has lined up for sale in 2022.

SEC and CBN should come in now before Ote$ will plunge the bank into serious financial crises

Oga, do you think SEC and CBN are not aware of the crisis in FBN?
The thing is, in as much as Otedola did not contravene any law/rule, they can't lay any charge(s) on him.

Think I understood your angle.........that he may end up securing loans for his biz and may in turn affect FBN...........but for now, he hasn't and didn't do anything wrong.

He saw a profitable biz opportunity and make good use of it.

Remember he's not the only one on the board of FBN and there's faction in the board. I don't expect what happened last to repeat itself again in Fbnh.

In fact, as it is, SEC is benefitting from all these share purchases upandan........
We hope it reflects in our NGXGROUP's profitability by year end. Fat dividend won't be bad.

UBN: Quite a significant cross deals @5 in the last trading minutes......

NGXGROUP: Major pullback.......Pa Emma & Co's profit taking activities.....
Think he predicted it........then will start moving up gradually again......we see how next week goes, God willing...

UNILEVER and PZ
Both on full bid....

First Bank....
Cross deals and more cross deals @12.30.....

Mpeace:
https://www.nairaland.com/6815019/femi-otedola-becomes-first-bankss
So na Otedola dey do all this thing for FBNH. Hmmm appears he is done buying.

Over N1.3B transactions done so far......
Shey na me and you dey buy am?

** Caveat: Just discussion o**

Princkez:
you know him very well

Hes a biz man nah.
In fact, I'm going to keep keen eye on FBNH from now on.
@Mpeace, if you see the 2nd paragraph of that article, it says "as the largest shareholder, he holds the highest voting shares and can determine the direction of the bank".
All he needed to do is to give the brokers directives.......if he says he wants to see FBNH shares @18 or 20, na to carry out the instruction ooo.