₦airaland Forum

rebekah2011:
They have subsidiaries that can be used to execute transactions like this.

You may be right....
.......but in the case of the attached 4.8B from Charles Enterprise and Arubiewe, it's not loan at all......but fund injection from new investors for accumulation of some % of shares of MBENEFIT @54k.

This was in pursuant of the recap capital base and, it was made public last year....... allocation was just pending SEC's approval.
We can't refer to this as loan nah.......don't mind my amateurish view o.

sellydion:
0.40k per share Humm

Volume speaks.....

Meanwhile...... ZENITH to the moon!!
Sighted @23.80.....
The volumes @23.50 no be here.....

rebekah2011:
Please run away from that stock oooo. There is about 12b loan that the coy borrowed to one oil and gas company that I really do not know much about. The Chairman and one other Director through their SPV are both looking to inject about N4.8b into the company.

Any link to this info oga mi?
..because sometimes lat year they sold shares worth certain amount to two coys @54k as can remember posting it here that time.......this was in pursuant to the ongoing recapitalisation. Don't know how far they've gone with the capital base anyway.

Btw, does insurance lend money?

ZENITH
Quite a lot of transactions and cross deals..........
Is something happening in the background here?
Anyway, Zee should use the opportunity of GT's suspension to fly joor.

moneymanager:
Technical suspension on an industry leading stock on the NSE and not a single news about it.

Welcome to NSE where action precedes info and awareness.
We've been complaining about this SEC's lazy and carefree attitudes of nowadays.
The officer who's supposed to post it before now may remember to upload the letter now that it's under suspension.
......but I think GTB will come back stronger.......my opinion.

rebekah2011:
Disastrous Q1

We need to know and analyse what brought about the loss in the fair value of the Asset @ FVTPL which spoilt the good result.

GTB
Suspended! Guess they're coming back as HOLDCo now.

BUACEM
Today 18th is the last qualification date for dividend lovers....

PRESCO
Quite a lot of crossings @76.....

NB
Could it be that the parent company is aquiring heavy stakes here?
These transactions can't be coming from retailers....

**Caveat: Just daily market observation**

emmanuelewumi:
The type of patience exhibited by those planning to buy Zenith at N5.00

Lol.
The OcToPuS and bargain robbers..

MBENEFIT
Improved 2020 audited FYE result..
https://doclib.ngxgroup.com/Financial_NewsDocs/33482_MUTUAL_BENEFITS_ASSURANCE_PLC%20_AUDITED_FINANCIAL_STAT.pdf

GTB: Sighted @28.50..…..
Are the dumpers still coming? We wait and see ...

WEMA:
55k seller still selling...

OBAGADAFFI:
And they keep buying the deep until they become Deeper-life members.

How many average-down can you do before recovering losses from buying Dip?

Some are not traders.....
They invest for keep for God knows how many years.......and for residual income.
Some Directors bought massive volume @34....

OBAGADAFFI:
Yes, no one can time the market.
If you have unlimited funds buying in tranches is good. but......
But patience and cash are the kings.

Some people get very deep pocket o........and they trade/invest in very limited stocks, say like 3 or 5 max.
People like that can be buying at dip and at different junctions.
GTB especially is investors' toast, so you'll see picks at different bargain junctions.

The way guys were picking the offers @28.05 was a pointer......
Those of you waiting at below 20 too, E Ku waiting....

OBAGADAFFI:
Stock market indecision.
Not a time to buy or sell.
Just hold

No one can time the Market.
Buying in tranches should be more like it..........just my opinion.
Guess it depends on one's pocket and obj.

Some GT crossings @28.....
Some picking on the floor @28.05......

GTB
Could it be HOLDCo that's affecting the share price?
Seems some entities or individuals are exiting......once out completely, the share price will stabilize.....
Anyway, it's just going to present better entry.........Maybe @27 or slightly above......
Let's wait and see.......

**Newbies don't panic sell (@loss especially)**

**Not any form of advice pls. Mcy is not an expert in any form**

Mills55:
Please Sis Mercy, has it been paid?

Must have been paid.
@Loco, your company don pay?

ZENITH, ACCESS, UBA.........Up
GTB........Down
Watching....

SEPLAT
Arrived N700......

Market is generally dull and static......

CRUDE OIL NEARS $75
https://nairametrics.com/2021/06/16/crude-oil-nears-75-amidst-rising-demand/

WEMA
One entity or some entities are offloading @55k.......food don done for bargainers........maybe it will get to 52k......let's see....

Mills55:
Please did Transcorp declear dividend for the year ended 2020?

Yes.
0.01k.

FCMB, FIDELITY:
FCMB refused to go to Fide.......
Fide may have no choice than to go to FCMB.......
We are watching.......

UACN:
Found support @9.40?
Still observing.......

ACCESS: 8.30 ........UBA: 7.20.......
N1.10 difference?
Looks like improper fraction......the difference shouldn't be this much.

Anyway, ACCESS is still getting lots of attention @8.30, maybe it wants break-out......... we'll see.......

ZENITH, MANSARD, NASCON:
Much activities here..........
Zee should do quick and overtake GT joor.......

NEM: Marked down for bonus to open @1.80.......
ACCESS: Displaying some strength......

Four years don waka...
We still dey carry go...
Nobody waka nobody go solo...
Baba God o, our case oo, na Your Grace o. Adupe o.

E Ku Market o.

UACN: marked down for dividends to open @9.70......
Quite some activities @9.35, 9.50.......quite some crossings.......
If inside the bus, I don't think you should panic if picked high.........rather, watch out for likely bottom and buy more to reduce your cost price or do nothing if there's no spare fund..........my opinion.
** Seems the Directors are using the opportunity to increase their stakes......

Wapgod:
Is ABCTRANS a good shares to buy?

As a newbie, go for fundamental/dividend paying stocks.
Leave ABC for traders and oldbies.

Wapgod:
Please who knows any nigerian stockbroker who charges commission of 0.25% or less on shares buying & selling transactions?

I doubt if you can see any broker that charges less than 0.25%.
However, at negotiated brokerage fee, you may get 0.25 to 0.35 depending on the size of your total trading fund.

emmasoft:
Well said.
I think most folks here still finds it difficult to separate/differentiate trading from investing for a long term or building wealth through the stock market and the difference between paper loss/gain and real loss/gain

Just get your investing objectives right and follow the strategy that works for you.

As an investor you can always take the advantage of market movements upward or doward once you are in a good fundamentally sound stock. If price appreciation becomes loud you take profit if you wish and a downward movement always gives opportunity to increase holdings of there is cash.

Exactly!
Newbies please take note.

eziokwunwoko:
I just invested in UACN due to dividend and Reits.
I am looking at 1 years period.
Please OGG,Pa Emma, yMcy, Valueinvestor, locodemy advice me I am on the right part.
I hope to port@N15.

What plan do you have in place if your N15 exit junction doesn't materialize within the 1yr period in view?
Get me right.......not saying it will or will not materialize, just talking about having "Plan B" in case "A" failed.

For me ehhnnn, you're on the right path to desiring the dividend and bonus, can be sweet when alert hits your bank account and bonus hits your trading acct.

Now, once the bonus is credited, it should reduce the cost price. I'll advice you put a plan in place......in terms of having some spare funds to average down your cost price should the share price fall Lower before picking up again.......then exercise patience.

Example is Vitafoam.
Vitafoam was marked down @circa N9 and the share price crashed to around 7.25 before it picks up again........
Anyone that thought he bought high @9 then......must have had a rethink now that it hits 12.
Patience is virtue. It is key here. That's Mcy's opinion.

ojesymsym:
Zenith at that price is still very attractive. My opinion.

i just laughed when I saw the comments.
The Llizzy's post quoted was made in January 2021.

I've always been of the opinion that, any serious long termer should consider value ahead of daily price mvmts.
If he/she picks at 24.80 as at then, by now add 2.70(dividend) to currentprice of N23.

A serious long termer seeks to top up his stakes in value stocks and do so at dips.
If he/she picks that time and is topping up at dips, the cost price must have come down below that amount........Invariably, he/she should rather be at gain than loss which an ordinary eye will be seeing.
The least Zenith did of recent was 19.50 and it bounced back up almost immediately....

Someone like me has gone far beyond being discouraged with some certain decisions that has to do with buying value stocks.

ukay2:
Vitafoam has returned 100% from N6.
Very likely their result will be wonderful again

From the body language, the result will most likely be fantastic again.....

Can remember that this Vitafoam is being emphasized for pick at different times along the way for long termers especially........

@Currentprice was spot on here........
He gave next price junction of N14 not long ago.......
I'll remind Peter when it gets there....... all things being equal.

ukay2:
When are they giving us our stanbic bonus? No date ?
Will buy more below N40 if I see it

Now that they marked down the bonus, it should be expected anytime from now.......let's hope there won't be further delay from SEC.
You can be checking your CSCS Statement from time to time too.

Think it's a wise move to pick more if you see below 40......even at current price self.
Let's wait for how Peter will come and remind us of share dilution of a premium stock in a 'world' of its own........and how he'll be waiting for it at sub 10.

ojeysky:
Anyone following ftncocoa dig for oil, will averaging down make sense for that stock?

Maybe you can either:
Average down and sell at minimal loss to move on.........or, turn it to long term investment.

........but I expect FTN Cocoa to re-strategize cos Agric Sector is now booming, they needed fresh innovation or needs to diversify.

**Caveat: Not any form of sell recommendation. Mr. Market has a mind of its own. If fund used in buying is not urgent or needed for any other biz, you may stay put, anything can happen in this market**

.....