₦airaland Forum

Raider76:
Your line of thinking looks more logical. That's why I am confused with the talk of delisting of both FMN and Honeywell and what that can achieve.

Even if it's buyout, I don't expect FMN to buy the remaining shareholders out at N4.20 nor do I expect the minority shareholders to accept N4.20 considering Naira devaluation and all those stuff..... EXCEPT FMN just planned to cheat on remaining shareholders.

If he talks about delisting of FMN and Honeywell, then the only thing that can come to mind is MERGER.

Think we should wait for official announcement and the scheme of arrangement documents to be able to have clearer pictures.

Sunrisepebble:
Hearing it will be a good week for FMN. Those that jumped into Honey, what I’m hearing is that the there is a take over offer @#4.20 on the stock by the majority shareholder, this has been public information for a while. So the activity around the stock is not justified and the stock is currently trading higher than that level

I think there's a difference between buyout and merger here.
Both will take different dimensions.

As for the take over you mentioned, it was actually buyout of majority shareholders at price N4.20 around 2021/2022 or so.
This involves FMN buying out Honeywell majority shareholders at premium price of N4.20 when Oba Otudeko was left with no choice than to sell Honeywell.

Now if it's merger, I personally don't see the price coming at same N4.20...
There's the need for us to know what FMN actually planned to do with Honeywell......

I think merger looks more like it......with Honeywell shareholders getting FMN shares in
share conversion ratio....

Someone mentioned ratio 10:1 or 9:1
You also mentioned delisting and relisting

Let's see how FMN handles this Honeywell issue......hope it's sooner.

emmanuelewumi:
Maybe because I am a chosen. What are you?

This Oga na the real street 😁

Bizibi:
japaulgold must be doing something massive,i will look for a free time to see their sites.

Try and find time to do some diggings and don't forget to update us.

For JAPAUL to engage KPMG services for internal restructuring and to help tailor their services, I think theres something definitely big coming JP's way.

BabsO2:
UBA caught up with Zenith/GTCO in last year interim dividend payment. The three paid 50 kobo interim dividend last year. Let's see if UBA can resist being left behind by Zenith/GTCO in interim dividend payment this year.

Think it's time for UBA to close gap with GTCo and ZENITH.....
FIDELITY is coming behind ACCESS, their buy-buy is affecting them......but UBA needs to step up. Lol.

Uchetoba:
My Dearest friends on nairaland, I expect the SEC suspension to be lifted on Monday. Once the price touches 1.4, I will start buying if it goes down further I will continue to average down on it. I am very optimistic about npf mfb infact many will struggle to enter @ 5. Just give them like 1 year.
See my signature

Thanks Uchetoba.
You're always good at spotting some of these things..

I don't think those condemning this bank consider the fact that 2023 FYE was placed in comparison with H1 2024....
Also, did they consider the business model as well as the shareholding structure and those that constitute the majority customers?
NPF is the only listed Microfinance bank and the financials didn't look bad looking at other factors...
Once the bank changed to DMB, the operations and financials will take a much brighter dimension.
*Shareholders structure attached...

ojeysky:
Well historically UBA/access dividend does not match or come close to zenith/gtco. Stanbic have also always paid higher dividend than zenith/gtco. Even though Stanbic is the last in FUGAS Na their Oga

Thanks for this observation.
UBA however seems to be coming up, more than ACCESS in terms of Dividend declarations......
Let's see what UBA will offer...

Agbalowomeri:
Na my own babe dey cast me laidis. Diaris God o

Oga Agba you're OYO sir. 😊
Boss, hope you're serious about the coming bull or you're been sarcastic....lol

Streetinvestor2:
I will agree with you for now based on this part mostly on the #2.50 price And was it only one entity that took all the private placement. Whr thr no naija involved in the placement.

@Bagwa posted it around that time....
See it reattached..
No Nigerians, only 2 Strategic Investors.

Xidget:
Will bear come before bull ni? Cos, I follow u dey wait for bear since o.

You're waiting for Agba? 😳
Error 404!
From Agba's body language on the forum, he seems to have entered the market....
When last did you see him ask for Garri Ijebu again?
If you can get the last post on Garri, you'll have idea...likely a pullback period. 🤭
Won't be surprised if Agba bought O&O along the way, though might have sold sha, or still keep.

Meanwhile, AIICO is also gathering momentum.....
Share buyback in the pipeline.....
We'll watch out for more details.....

Streetinvestor2:
Is the private placement for japaul not now listed on nse.The people who took it up can now redistribute it if they wish.Thr is no law that says they cannot sell.And since they are not recognised management. The public disclosure is not mandatory .Os of 14B anyone can be selling at this time ...my opinion

No. They're not selling anytime soon....
It's a long term investment or maybe agreement for certain years, I don't know.
Technically, JAPAUL is still left with 6bn OS

Oga, make we reason am now, they just injected N20bn into a business at equity conversion rate of N2.50 and then they'll start selling in less than a month?
Doesn't look possible let me say, .......GEM is injecting funds into Emerging Markets all over Africa, so it's not only JAPAUL.
Those guys can be very patient and there'll also be an agreement in place anyway.

Can remember Oga Oracle mentioning this Emerging Market stuff sometimes ago.
Maybe I'll search for the post.

FIDELITY @13.50...
Na WA o
How much interim is the bank coming up with?
* Full bid @13.60!

JAPAULGOLD: Quite a lot of crossings today again.....
Over 148M units in transactions so far......

Reasons for mentioning this updates is to enable people see what's going on.....when it starts moving now, some will jump out to start shouting Monkey Hunting...

jckgroup1:
Madam yMcy for your perusal and comment.

I think entering Caverton now is very risky....
Look for another stock that can still deliver better than Caverton can do if you enter at current price...
Although the TA Ogas and those following it should be able to advice you better....

crownprince2017:
Yes but the cost price is way higher than my entry price before adding bonus.
For example if I bought at 190 is it not suppose to be 190/5=38 that supposed to be my new cost price but they put 74.43 instead.

Lol.
What happened there was an average price of the previous cost price + the price of the new bonus added.

For instance, if your cost price (before bonus) was 190, then price of the bonus comes as 45 (current market price), then, the average cost price should be calculated based on 190 and 45.

However, if you check your cost value, you should ordinarily be in profit now.......

Whatever loss you might be seeing now should translate to profit for you once the share price appreciates OR you pick more to average it down.

I equally believed the "Selling Price" has been factored into the cost price, reasonthe cost price is still up as well.........but still request for Meristem's explanation anyway.
OR if anyone have better explanation pls share.

UACN
Quite a lot of bids.......
Someone somewhere is playing game......
Placed single offer of over 4M, then removed it again....
His intention is to drag down the price from the look of things....
If you have your UACN, hold it for now......

*my opinion....if you think otherwise, you're the CEO of your portfolio, follow ur findings or instincts.

crownprince2017:
Please house what is the implication of cost price being overstated in one portfolio.

My VFD cost price was overstated by meristem and I have been mailing them to that effect but they are yet to resolve it.

Overstated as how?
Has your bonus been added to your portfolio?

designking:
Won't the price drop? Given that the original owners are pulling out?

Sales will likely come at a premium price.

Kereokwu:
Thank you so much sis, I am grateful
Thanks for all you do

Here's another reliable broking house with Live Trade too....
DLM
https://dlm.group/

You can check it out and send inquiry to the contact info.

vacanci:
I think if we divide the price it was listed on NGX by 5, we will have the price after the bonus.

It appears the stock has not really moved. so those selling now are more like in loss position or at most a 10% gain.

It seems to be trading far below the listed price whch should be around N50 if converted but people are picking it at N40.5 now.
This is cheap now considering they are in profit

Exactly!
You got the drift.
The stock has not really moved.......but if it should start moving up from current 45, then people will start getting into profits.

If it didn't fall lower than 40.50 currently on market, then picking at 40.50 is somehow cheap.

SonofElElyonRet:
Mercy you know if Mutual Benefit has released its 2023 audited result?

Not yet

UACN
Some activities behind curtains being observed since Tuesday or thereabout......
More Cross Deals today again....

megawealth01:
Dumping of VFD is highly expected because people are already in times 2 profits but the long term goal of huge profitings is refreshing

How many people are in profit yet?
Except for those that bought on Nasdaq, those that picked at 182/214 or thereabout on NGX can't be in much profit for now, but if anyone can wait it out, they'll make much gain .....all things being equal.

Meanwhile, institutional investors are still taking position in JAPAUL, I'll not advice anyone to sell in haste.....let's see what they are up to first....

Those talking about dilution, did you not remember that the 8bn additional shares already got owners?

* This is just my opinion anyway...... remember you are the CEO of your portfolio.

** FIDELITY Bank on full bid @12.40......whats cooking?

vacanci:
Does this mean that there will be so much supply to crash price from tomorrow?

The whole OS is barely 1.25bn even with the bonus inclusive...
66.14% of it belongs to Directors, substantial and influential shareholders while,
33.86% is for free float.

In my opinion, lot's of patience is the key here.
Let's allow the itchy fingers dump finish if they choose to, then the patient ones should wait for the company's next move.
* Any dumping/fall will be an opportunity to pick more.

Q2 2024 Shareholding structure of 253million OS before bonus addition attached.

REGENCY ALLIANCE
Q1 2024....
https://doclib.ngxgroup.com/Financial_NewsDocs/42141_REGENCY_ALLIANCE_INSURANCE_PLC-_QUARTER_1_-_FINANCIAL_STATEMENT_FOR_2024_FINANCIAL_STATEMENTS_SEPTEMBER_2024.pdf

KarlTom:
VFD and NASCON bonus have been added to my Portfolio

VFD bonus at long last!!

samguru:
@yMcy56
Quite an age,hope you are good?

I dey o.
Plenty vawulence from Osita, but I still dey maintain. 😁

megawealth01:
The fight continues. Power tussles

I guess it's more of recapitalization strategy now......
Could be power play anyway but Ote$$ don give big gap to other substantial shareholders.

samguru:
I am sharing this investment advice based on the privileged information I have at my disposal.

Compliment Oga Sam...

First Bank oooo....
See those volumes towards 2.20pm....lol.
From red to green!!
From 29 to 34 within seconds!
The person pumping accumulating must be big

**Eventually closed @33.90

ojesymsym:
But oga streetinvestor, you suppose be bros for this group o, e get some dragging wen you non suppose de do again na.

If you allow all these distractions you will forget to do the things you are really good at. I remember how you were the one who kept insisting that something was wrong with the Dangotte rice and events proved you right, so leave certain fights alone if you ask me.

Honestly, the way he just transformed all of a sudden surprised me.
I was like "no be this same Street be this again"?
It's well o.

KarlTom:
All these people queuing for OandO, una don see result

I surprise for the bid today o
One would have thought the shedding of yesterday will continue......
Over 21M bids Vs 2.3M offers...

Streetinvestor2:
Pls go back and see if I was referring to olufemi as per my father post.I only trying to tell BullBearMkt that the father to those boys must be into pool and possibly have never heard WB in the scenario he painted and his decision after.
Walahi he just dey look for my troubles

Boss no vex.
Let it go pls.
You're bigger than this.