₦airaland Forum

emmanuelewumi:
It appears they sold long ago

Thanks sir............but this share buyback is a recent development o.

emmanuelewumi:
First Bank, FCMB, Leadway Assurance, Lagos State, Delta State, Akwa Ibom State, Otudeko, Subomi Balogun were some of the pioneer shareholders of Econet Wireless Network Nigeria. Most of the pioneer shareholders have solds at a profit

Boss, pls do you know or have any info on whether Subomi Balogun/FCMB may decide to sell too?

Oga Wanaj0 mentioned that Oba Otudeko may have sold his own shares too..........seems that's the more reason we witnessed jump in Honeywell share price.

wanaj0:
They may be selling their holdings in Airtel.
They may have sold holdings in Honeywell also

DUNKA:
please Any news on the sale of Atlas Mara 49.7% shares in UBN ?

No news yet from my angle o.
We will sha be keeping close eyes on the movement in that stock.
Me self dey interested.
Think anyone with spare funds can be buying the dips here.......for keep..........they fit come up one day with the announcement.

Mpeace:
Wow that something oh.
But how did you arrive at 88billion.

This is a quote from the link you provided

"In what appears to be an open offer, the telecommunication giant revealed that if all minority shareholders agreed to sell their shares, the total buy back will be worth an estimated N61.24 billion (c$148.1 million, using an exchange rate of 413.38 NGN/USD)"
The said 61billion goes beyond fbnh shares to also including shares of other minority shareholders

Modified:
Oga Rebekah answered you already.

samguru:
FBN gangs enjoy your loots quietly and don't come and mock our Access bank.
Our turn go soon come,na turn by turn

Lol.
If FBNH should stay up, then it's a matter of time that Access will meet up, overtake and take it's place back......
This is just my opinion anyway. Mr. Market may say otherwise.

Mpeace:
88billion? Does fbnh have shares in Airtel?

Yes........and FBN has accepted to sell her shares in Airtel Nigeria to Airtel Africa in the share buyback........
The offer price is N55.81.........and the deal was positive for FBNH.

https://stocks.nairametrics.com/2021/10/04/airtel-nigeria-offers-to-buy-back-minority-shares-worth-n61-24-billion/

E Ku Market oo.
E Ku FBNH.......

First bank crossed 10!!!!
Closed to full bid earlier....,...pulled back to 9.85.........moving up again gradually with more funds moping and chasing the Elephant....

UBN
Higher bids than offers........

It must be that Airtel buy over will have significant positive impact on FBN, to have warranted this massive mop up.........FBN is pocketing around 88Billion or more........
Is FBN going to pay special dividend for this? We don't know yet.....

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

Thanks.
May not be risky though ........since management is going to buy minority shareholders out.

Worst case buy-out price is 55k (tentatively)........who knows, the mgmt may be a very generous one.

Abeg make una help us touch light the next one after First bank o.
Serious funds exchanging hands here ...

currentprice:
Ekuu gbelo gbebo mkt o

_{^{cash is king}}

Na real gbelo gbebo..

FBNH performing magic..........close to 100M units in volume.........seems the moneybags are not yet tired......

BTW, pls CP, is Courtville good for pick at currentprice? Lol. That is 40/42k?

***

mendes911:
Today I say make I login and update myself, I comedey see margin loan from broker. LOL.
Oracle come ooo, the "time haff come".
EGood day HOUSE. I throwaway salute!

E Ku long time sir.
Nice to see you back on the thread.
E Ku Market.

emmasoft:
For traders they can worry and as usual watch closely but for long term investors they are not really moved. All they want is improved dividend payout at the end of the financial year.

Besides, if not for the unfavorable economic condition, Nigerian banking stocks are said to be undervalued.

samguru:
All of una wey dey instigate "big for nothing Elephant" to run, we shall see how many kilometers your elephant go travel before he go get tired.

Oga, noone is instigating Fbnh here........
The moneybags did......
Remember when we were shouting here that heavy cross deals were going on in FBNH, but we don't know what it was all about then.

Airtel is paying N55.81 for each Airtel Nigeria shares........ ALTHOUGH someone like me is still a bit confused about the correlation.......BUT the ogas rushing it knows better.

yMcy56:
First bank already rubbing it off on UBA and Access......
ACCESS: Looks cheap beside FBN @9......
Let's see if Oga OGG's prediction about Access leading will come to effect here.......

FBNH: Full bid @9.90!!
Elephant is awake and crushing every obstacle on its path......

Overtake UBA, and now ACCESS!!!
Will Access challenge the Elephant?

UBN
Getting serious attention......
Some cross deals going on here @5.…..

wanaj0:
They may be selling their holdings in Airtel.

They may have sold holdings in Honeywell also

Thanks boss. God bless sir.
This may be more like it.
Some things in the terms of sale still unclear to me though.........

Ekpekus:
Thank you... so for further clarity, the bonus would be added to the 1/4th shares right? And any idea when this bonus was Shared?

** The bonus was the first thing added in this reconstruction process.....it has long been added before now.....maybe around March or so, can't remember offhand now.

**The 1/4th share reconstruction already factored-in the bonus.......which was 7:17 if I still remember well. (i.e. 17units bonus for 7units held).........that's the more reason those that waited patiently since then till now can't be at any loss with the current share price.

currentprice:
If not cos of the general mood of the mkt, I expect d stock to have move near N1 by now. One of d metrics on my bedsheet has been flashing the stock for watch since first quarter of the year and I informed penny stock lovers asking for stock pick, they loaded @21-22k

If taken oxygen seriously while analyse stock, it easy to predict courville is a candidate of takeover if d company continue with their latest report performance. take d H1 report check income stmt, balance sheet and cashflow, analyse each items in those reports u will see d reason for the plan to delete. as at d time I check d data, price was at 21k and bedsheet shows that who ever bought over the company bought it for free and the company will still leave the buyer with millions of naira ontop of paying nothing ooo who no like better things na. If management believes their number not Audio and guarantee good performance going forward, no be to go bank go borrow to pay u off. already they have like 10k free cash/per share @Q2 higher than the 4k Eps
Anyway Q3 on d way. Fingers crossed
let me go home go sleep.

CP, going by this analysis, can you help check what the fair value of Courtville is?
I tried finding out and saw that this stock has sold around and above N3 before.....
You mentioned that the stock ought to have moved closed to N1 by now if not for the mood of the market...... Can you calculate or suggest the likely minority buyover price or check the book value pls.
Thanks...

Princkez:
but what is driving the price?

Positive news I Blvd.
Insiders have more info than is available to the public so far.

FBNH
47M+ full bid......
See 2Ms, 5Ms single bids @N9!
It's well.

UBA
Arrived KM 8.….....

Courtville
Available few minutes ago @41k......profit taker's activities.......Still on full bid........

Zenith
Up with 45k........@23.95 as at now....

Princkez:
FBNH making us proud, sometimes patience pays

You try......

ojeysky:
Access on the move, looks like UBA is also not trying to catch up with fbhn

UBA is trying to catch up.........
Elephant leading the way.......

First bank already rubbing it off on UBA and Access......
ACCESS: Looks cheap beside FBN @9......
Let's see if Oga OGG's prediction about Access leading will come to effect here.......

@Arduino we are currently moving FBNH.......we may consider your Zee later later..........

FBN full bid @9!!

Ekpekus:
Can you shed more light on this? Does it mean that those who bought at the old price are still at loss (irrespective of the reconstructed price)
And does that mean shareholders now have just 1/4th of their initially held shares prior to the reconstruction?

** If you buy at old price and collect bonus: you're not at loss
** If you buy @ old price after bonus is given: you're currently at loss........and patience is the key here OR buy more at cheaper price to average down.
** Yes. Shareholders now have 1/4th of their initial held shares.......BUT with x4 of initial share price.........so, the loss should be minimal. As share price goes up, it will be erasing the loss gradually.

First Bank is giving ACCESS faithfuls hope.......

Courtville: No one wants to sell again........@41k full bid

currentprice:
coutville wasn't d two stock i plan to alert then it was cutix and Access

sometimes I like testing my believes that this thread is not a determinant of NSE stock price movement as some pple see it as ^{monkey hunting place}. otherwise vitaform wouldnt have stay below N4 for that long when it was alerted . a N20 stock as at that time , Mkt will las las recognise good stock whether it alert here or not.

Thanks CP.
In other words, 3 more stocks appear in this post as "buy"........Cutix, Açcess and still Vitafoam.

As for Cutix, I think it still have more upside.....
Cos, at N5, it's like N2.50k.......in addition to 15k dividend.
Cutix is still a buy for me too.

ojeysky:
Will first catch up with Access finally....wow!

ACCESS.......9.15
FBNH.........9.00
UBA........7.60

FBNH currently leading the gainer's chart........if it continue like this, by tomorrow, it will overtake ACCESS.....
Some pullback is expected @9 junction anyway............depending on the forces pushing it....

FBNH
@8.45 as at now!!
Said it, that something is driving this bank's share price........
Sighted @8.60.…....…...8.70...…..8.90......

Waoh!!!! First bank @N9!!!

locodemy:
All these I have already known.
U self no get eyes?
They reconstructed shares, yes I know.
The guy said reconciliation which I need to know which party they made peace with.

Lol. I for say why you still dey ask nah.

locodemy:
Who did they reconciled with?

Their shareholders pre-reconstruction of shares nah.
Shares were reconstructed in ratio 4:1
So new shares are now issued i.e if you have 200k units for instance, it's now 50k units @ old price multiplied by 4.

ojeysky:
Do you or anyone know if they are done with the reconciliation of stocks though? Because it's not yet clear if a unit bought today will imply 0.60 or 2.40

Mansard is done with reconciliation and crediting of individual's CSCS acct with the right units.
A mail was also sent to individuals with respect to this.

You can contact your broker to update your Trading account with the right post-reconstruction units and price.