₦airaland Forum

Willie2015:
Just waitin for that GT
To touch N=29.60...
Just dey drag...
God dey... We dey wait

Those falling are presenting better opportunities in my opinion, the prices are moving to bargain junctions....
GTB is defending somehow..........
.....so also FBNH and FCMB.......stock with the most active MM on the exchange......

ZENITH: Worst hit in today's trading in banking sector............followed by Fidelity, UBA.........to narrow it down........
**These are however presenting better opportunities**
**Dividend is coming, not advisable to sell now or at loss**

Other Sectors: Wapco, Transcorp, Mobil, Mbenefit........

drLammy:
Please Who else's having issues accessing mytradebook Portal since Monday

Rex123:
Does anyone have an idea what's wrong with greenwich portal?

The site is undergoing upgrading and would be back as soon as work is finished on it.
This was posted here before........

Very bad on the part of Greenwich not to have notified earlier or even notify clients at all......

osasuwa011:
Can firstregistrar e-divident form be filled and submitted online without going to their office? Thanks

Of course yes!
Just download their current e-dividend form from the link below and send via mail to their email addy on the form.

https://sec.gov.ng/public-notice-the-e-dividend-mandate-activation-forms-of-various-registrars-are-now-available-for-download/

mrrandomguy:
m Thanks.
Unfortunately I don't know who the broker is, and the person who bought the shares for me has died.

Then send mail to CSCS explaining to them, they should be able to provide you with the required details.
Once you have the info, lets know it so you can know the next line of action.

SA44LA44:
Could someone please help explain what’s the meaning of cscs settlement.

I’m new to stock trading.

Not enough info.
Maybe you contact your broker on this,
Or
Send mail directly to CSCS for detailed explanation.

**Whosoever knows should help out here**

SHOULD SUGAR INVESTORS BE HOPEFUL?

https://nairametrics.com/2021/01/29/fg-to-partner-private-sector-to-boost-sugar-production-and-employment/

https://www.nairaland.com/6389870/fg-commissions-nigerias-first-sugar

sonofElElyon:
What's the assurance that the new price will not fall, post reconstruction....

If you read my earlier quoted post, you will see that I raised similar concern in the last part .......BUT I expect their MM to swing into action there......to defend shareholders from losing value on their holdings by defending the share price.
Even if it fall, I don't expect it to fall much.
In all, let's allow Mr. Market to decide its fate post reconstruction.
Remember this is just my opinion.

mrrandomguy:
What if the signature do not tally with the one I use for banking transactions? What do I do in this situation?

I think in as much as the signature tallies with that of your broker, then there shouldn't be issue.
...BUT if its causing issues, then you have todo change of signature and follow the process as may be explained to you by your broker.
You can also confirm from your broker.

Chibuking81:
If they give bonus after reconstruction, what is the need of reconstruction?
Anyway in Nigeria many things goes anticlockwise. Always manipulative avenue to achieve their goal.

Unity bank reconstructed I think up to ten units of share to one, and today where are they, back to base.

Oga Chibu is here with his analysis paralysis again.
Hope you took part in the Mansard bonus eventually.
You can't compare Lasaco with Unity nah. That stock is supposed to join the league of good insurance stocks, the likes of NEM, Mansard and the like.
Wish Lasaco had informed us earlier, we for done join the bus today.
Let's see how it goes sir.

Bbbwings:
Thanks

You don't have to panic if you have Lasaco however.
The units you have will be divided by 4 and the price will be multiplied by 4.

For instance, if you have 40,000units, after reconstruction it will become:
40,000÷4 = 10,000units (post reconstruction)

The price will change by then:
Closing as @ today = 0.42kobo
Post reconstruction price = 0.42 X 4 = 1.68kobo. *Modified*

So you have nothing to loose.

** I suspect that Lasaco may likely come up with BONUS issue after the reconstruction or DIVIDEND which will become gain for you by then.
** So don't take any action in haste after suspension is lifted.

yMcy56:
The other handle was banned when I tried to reply @chibuking81

Did some findings too and got to know that Lasaco would be doing share reconstruction of one for every 4 held. No info on this in NSE corporate disclosure.

Unlike Mansard who gave bonus to take care of the reconstruction plan, there's no info on bonus issue or whatever on the part of Lasaco.
If Lasaco should get to 40kobo pre-reconstruction for instance, the post reconstruction price will be 4*40kobo = N1.60.

My concern is: How Mr. Market will handle this kind of price for insurance coy post reconstruction. Think there's need for caution here.

See other explanation, same Dec.

longlife20:
Doing some research on Lasaco, i saw this (LASACO Assurance to cancel 5.5b shares). could this be responsible for the upward movement in Lasaco.
https://thenationonlineng.net/lasaco-assurance-to-cancel-5-5b-shares/
@Mcy56, do you have any info on Lasaco.

yMcy56:
Lasaco only planned reconstruction of shares into ratio 1:4.....
E.G. 40,000units will become 10,000units after reconstruction........i.e. 40000÷4 =10,000.

Lasaco needs to come up with clear plan on pre and post reconstruction in my opinion.

I however think buying at 30/32kobo or below is still okay. This is just my opinion, there may be pecks attached to the reconstruction but which we're yet to know......let them come out in clear terms.
**This is an update to my previous post on Lasaco**

Bbbwings:
Sir is it really bonus

See posts on Lasaco in Dec 2020.
It's share reconstruction and not bonus.

onegentleguy:
Ur welcome dear!!
See the slightly modified post above.
Regards

The modification is well noted sir.
......but I thought UAC-Prop stand to also benefit more in the short or long run as well.
UPDC-REIT is also into real estate management and the coy is doing fine........pardon my naivety.
We see how the turn around goes......

9free:
To the promised land........

Stock for the big bosses...

......Peter is still waiting at N10 Katanga bargain junction.....

onegentleguy:
Shuhh!! ...not too loud!!
Some persons will be shocked at what will play out in that sector.

Regards

Thanks sir for the detailed explanation on the UAC-Prop.
The Custodian boss didn't go there to play I blvd, he meant serious biz.

As for insurance, in as much as recapitalization is still on course, then the sector is not done with.

megawealth01:
WOW that's too revealing abeg take small small dey dig na

Although I didn't buy UAC-PROP for JIJO sha but you can't predict a trader

Some insiders are dumping, maybe there's an announcement to be made or maybe its result. They may eventually be wrong and regret dumping the stock.

Either way, UAC-Prop is good for pick @CP or below for medium to long term.....just my opinion.

The insurance are not relaxing yet
ROYALEX, Regal and Mbenefit just dey vex.......
STI looks cheap at 30k in my opinion.
Just thinking out loud

**Caveat: Decision at owner's risk**

Heishere:
I don join you jare.

The bonus looks too good to be true, just say make I sell before they changed their mind. Lol.

ZikkyChops:
Alert Us, when he comes down.

Where is alert charges? Lol.
Let's be watching maybe they'll crash the price before reconstruction takes place.....

ukay2:
Possible UPDCpositive turn around by the new investor-Custodian plc

Let's wait and see.........
The Custodian boss already moved in to UAC-PROP.....

WAPCO:. 29.60! Up with +N2.....

UCAP: On its way to N6!
Seems some insiders have sighted the result........we wait and see......

J-GOLD: Full bid.......
cc: @Peterichy

FBNH: 7.60!
Dangsugar: N20.50......
JBerger: Sighted above 20! @20.60 now!

bigjay01:
am currently looking to topup @ 70k

17M+ done so far........A stock that
barely does 300k on a good day....
That's how some people/insider will just be running without understanding the message properly.
Let's be waiting for the announcement or news......

bigjay01:
we would confirm this after the earning season.

So you never confirm since Sept 2020 when you were expecting prolonged bear?

Anyway, the post I quoted reffered to Jan 2021.
Check @brokerharuna's post in which I replied to.....around that time.

UAC-PROP:
Seems something is happening in that stock.........

Heishere:
Saw my bonus with Axamasard. Don't know whether to sell now or wait after reconstruction.

Me I don sell mine o, just watching it to come down but the stock stubborn small.......e refuse to fall....

PharmAlfred:
Jijo guys should get set to buy Japaul tomorrow. Will likely go on bid.

Meanwhile, the amount of money going into Wapco has been huge. Either the company is buying back quietly or a very serious entity is loading up. Either way, if you want Wapco, you should have bought by now. Should touch N30 soon with way it is going.

You made the right call here.

IYGEAL:
Well, I only quoted @Prinkez. I was surprised you asked.
Or is that you?

Don't tell me you don't know what "Mention" is since you've been using NL??
I made a post in "culture section" with you in copy.......and I said, check what I posted there.....

WAPCO:
Where are those saying the stock is not moving?

J-GOLD:
Where are thy accussers?

UCAP:
The type of bids and movement in that stock is suspicious of approaching result......touched 5.90 earlier.....

yMcy56:
@brokerharuna
- Mr. Market may surprise everyone come January that you're talking about....
- The type of fund entering some selected stocks are just too much that, to pull this out of the market may crash it bad.ly...........and the funds are still entering........doesn't look like these funds are ready to move out in haste.......
.......Why?
** Dividend season is around the corner....
** Fixed income instrument is still low....
** Nations have better way of tackling/handling Covid compared to when it first broke out........

Caveat: This is strictly Mcy's perspective and may be very wrong.......
Just sharing opinion here.......

Dec 29, 2020 post.
@brokerharuna how far nah?
Remember this post?
When we talk say things have changed since 2020 Una no wan believe.

Musty4ahmed1:
Thank you ma. Please what is pymt alert? Please I received this message on my mail "Your Dangote Flour Mills Plc account has been mandated to your bank account. Please what does it imply?

Payment Alert is fund payment into your bank account. Credit alert.
Debit alert is deduction of money from your account.

For account to be mandated, it means your e-dividend form has been accepted and approved. You will get payment into your account at any time.

Please check your account and see if you've been credited with your Dangflour amount.

4tunebest:
Your opinion may be right or wrong, however that does not change the fact that you are actually doing a very good job on his thread.
Please keep firing on. We dey gbadun your style.

Lol @ right or wrong.
Thanks for the compliment sir/ma.

PORTPAINT and CAP MERGER:
If you're not already seated in PORTPAINT bus @2.50 or below but buying at 2.90, then you're NOT buying at discounted/profitable price.
EXCEPT you're topping up or buying for long term purpose.

Reason:
** CAP offered to buy-out Portpaint shareholders at premium price of 2.90
OR
You exchange 8units of Portpaint shares for 1unit of CAP..........Ratio 8:1

** Meaning: If you buy Portpaint at 2.90, you're invariably picking one unit of CAP @N23.20 and current price is N20.50.........Which is at loss if you're buying for purpose of selling back to CAP.

** However, if you're picking for long term, it may favour you in terms of dividend from CAP.

**This is my own perspective anyway**