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YMcy56's Posts

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InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by yMcy56:
Streetinvestor2:
Who wan follow me play bigger bet naija.i bought oando today with JB I sold yesterday.
Bought oando @#15.00 all die na die
Sold some JB at BE of #24 for #89.

I decided to take bigger risk....na my money no borrowed fund,lol.Target on this new buy na 100%(#30)
Court date is next week Monday 24th June.

Meanwhile, someone seems to be gradually accumulating DS/NS.
Maybe a long termer or someone who's seeing value at current price.
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by yMcy56: 1:16pm On Jun 21, 2024
KayOn1:
E be like say na Essentialone wey make me talk say I go punch above my weight just once say go push am go 1.40 or even 1.20 but not lower.

** If no be say na patented work, I for just upload something spoil market for all these opportunists wey no sabi their mate but ...
No vex.
No do as your power reach. smiley
.....but there's nothing you can post that can alter anything as such....in as much as it's not the mind of Mr. Market itself.

Besides, I read streetinvestor2 also mentioned buying @1.40 when some guys were dumping it at 1.50, then down to 1.40 few trading days ago.
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by yMcy56:
Streetinvestor2:
Make I follow blow my on trumpet. I made a call on cham at #1.80 to double by yr end though I loaded more at #1.40-#1.50.The price don touch #2.30 in just one week.

I go soon begin monetise my calls too,lol

My call for oando case on Monday is that it will be favourable to minority shareholders. I expect surprise discontinual or withdrawal of the case.

Na the two stocks I said will give 100% this yr oh
smiley
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by yMcy56: 12:42pm On Jun 21, 2024
KayOn1:
Chams on full bid.
Wey that my 1.40 friend?
Streetinvestor2 smiley
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by yMcy56:
https://doclib.ngxgroup.com/Financial_NewsDocs/41466_SEPLAT_ENERGY_PLC-CORPORATE_ANNOUNCEMENT_ON_NNPCL'S_DISCONTINUANCE_OF_COURT_PROCEEDINGS__CORPORATE_ACTIONS_JUNE_2024.pdf
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by yMcy56: 11:46am On Jun 21, 2024
Mfunkynation:
The mark down has happened already ni
True.
I didn't even notice that......guess he meant after markdown
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by yMcy56: 11:37am On Jun 21, 2024
megawealth01:
The little I bought since their days in NASD
I see..
You must have picked it high over there
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by yMcy56: 11:31am On Jun 21, 2024
megawealth01:
They should help me move it back to MP before the MD
MP = Market Price
MD = Markdown

Make una dey speak the language wey we understand o. smiley
So you also have it?
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by yMcy56: 11:16am On Jun 21, 2024
VFDGROUP
Full bid for the 3rd day after markdown.....
Big Ogas holding their stakes so tight
Africa Prudential make una come dey move this thing nah.....
Make I go research the MM self.
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by yMcy56: 10:37am On Jun 19, 2024
modupeshow:
Please has anyone received his/her bonus shares for VFD?
It can't be that fast ....
Will possibly be after AGM....
The good thing is that SEC already approved it, so it shouldn't take much longer than necessary.

Lol. Its understandable why you wanted it to be added fast. They better make it fast ooo because of the markdown opening price .....
* More importantly, their MM needs to wake up from their slumber... sad

** In the meantime, try and watch out for price movement and average it down for now.
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by yMcy56: 6:40am On Jun 14, 2024
SonofElElyonRet:
Hi Mercy. Have Mutual Benefit, Veritas Kapital and Recency Alliance released audited results? Any dividend?
Personally not expecting dividend from this 3, but who knows, there may be surprise. Think they may just be getting positive momentum due to improved results.

* Veritas is out
* MB and Regency still expected

https://doclib.ngxgroup.com/Financial_NewsDocs/41356_VERITAS_KAPITAL_ASSURANCE_PLC-_QUARTER_5_-_FINANCIAL_STATEMENT_FOR_2023_FINANCIAL_STATEMENTS_MAY_2024.pdf
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by yMcy56: 6:22pm On Jun 11, 2024
KayOn1:
I no get strength. I have quietly entered and exited with my 25% so others can enjoy too. Life no suppose too hard if everybody dey chop leave some remain for brother or sister to chop too.
Save journey......some people just dey adjust seat to balance well.. smiley
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by yMcy56: 4:37pm On Jun 11, 2024
Sovereign Trust Insurance
2023: What a good financial year for most of these insurance stocks too.......

Final Dividend: 3kobo
Qualification Date:. Sept 10, 2024
Payment Date: Sept 26, 2024

https://doclib.ngxgroup.com/Financial_NewsDocs/41457_SOVEREIGN_TRUST_INSURANCE_PLC-CORPORATE_ACTIONS_ANNOUCEMENT_CORPORATE_ACTIONS_JUNE_2024.pdf
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by yMcy56: 4:28pm On Jun 11, 2024
sterlingD:
For that Guinness there is some percentage share acquisition by a new player
TOLARAM TO ACQUIRE DIAGEO’S SHAREHOLDING IN GUINNESS NIGERIA PLC

https://doclib.ngxgroup.com/Financial_NewsDocs/41458_GUINNESS_NIG_PLC-GUINNESS_NIGERIA__PLC_ANNOUNCEMENT_CORPORATE_ACTIONS_JUNE_2024.pdf
Possibility of new investor in NB too....
Heavy volumes for the past 2/3 months....
Over 100m units in cross deals today alone....

https://ng.investing.com/equities/nig-brew-historical-data

InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by yMcy56: 11:41am On Jun 11, 2024
KayOn1:
All those people that moved funds to TB & others huh
Maybe TB people go fit explain that one...
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by yMcy56: 11:18am On Jun 11, 2024
KayOn1:
FTNCocoa, Chams, LinkAssure on full bid. l
Guinness also on full bid @55.60

NB also with huge volumes, even as at yesterday
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by yMcy56: 12:22pm On Jun 10, 2024
ositadima1:
Adjusted Share Price = (Existing Share Price × Existing Number of Shares) / (Existing Number of Shares + New Shares Issued)

It is exactly the same as dividing the share price by five, considering four new shares plus one old share.
Thanks

So if it's 1 for every three held for instance, is it the same thing?
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by yMcy56: 12:20pm On Jun 10, 2024
More NB accumulation in cross deals @28....
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by yMcy56: 11:23am On Jun 10, 2024
SonofElElyonRet:
just googled how to calculate.. yes. Divided by 5. That'll come to like N40 if price stays at N202.90 on qualification date...
There's a formula for calculating this, which OGG gave during McNichols bonus 2yrs ago or so...Can't remember it again.
You may be right with this short cut calculations, but you know what? Do not be discouraged if you picked or intend to pick before qualification Date...

VFD is planning additional capital raise of N30bn, so theres the need to make the shares liquid I Blvd.......this could possibly be done via low share price.

Once it's markdown, like earlier said, buy more to average down (fund required to average down will be low by that time), that's the best way I think it could be done, then we wait for their MM to step in at the right time....or you make it your medium/long term stock.

*Caveat: This is just my opinion and what I would have done/intend to do as well*
**DD applies**
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by yMcy56: 6:16am On Jun 08, 2024
SetrakusRa:
Is it possible for a RI to be priced above the share price?

Better to buy to equivalent of my rights from the market now if this is true.
Lol.
* Qualification Date already passed self......7th June..
*Those guys knows what they're doing, they'll share majority of the Rights among themselves
* They must have done their homework before releasing the newsletter......and that explains the huge and heavy Cross Deals for the past few months
* Make dem sha pump the price for secondary floor buyers.... smiley
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by yMcy56: 8:33pm On Jun 07, 2024
SonofElElyonRet:
Thanks for your write up. I bought some... can you enlighten me on how the Price mark down for the 4 for 1 bonus will play out? Will it be 50k value per bonus share equalling N2 mark down for 4 bonus shares?

Modified: my stockbroker just answered a yes
* Yes. The bonus will rank parri passu with existing shares in all respect.

* After markdown, I'll advice that you average down your holdings once the share price finds stability ------ PENDING when the bonus shares will be added to your CSCS/portfolio (if you're not the type that likes seeing -ve in your portfolio)
* Then don't be in haste to rush out, keep for a peak period.

This is where truck load of patience will be required as well......but I know you must be familiar with this bonus things.

InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by yMcy56: 11:45am On Jun 07, 2024
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by yMcy56:
RichEstate:
You're the best. Thanksas always.
You're welcome.

Believed you know how these things works.....
* Think long term
* Bonus Issue: 4 new shares for every 1 held
* After Qualification Date, it will be marked down
* Just keep some funds aside to average it down to enjoy maximum gain on it in the medium to long term....by the time the bonus is added to your portfolio
* Wish us all the best. smiley
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by yMcy56: 8:41pm On Jun 05, 2024
megawealth01:
IEI...
My broker just sent me a mail of MANDATORY TAKEOVER...
What's really happening? Any update?
This has been on for over a year self.
Think the delay had been from SEC for whatever reason that led to prolonging it.
* Good they fired those lazy set of team
** If you'd been following discussions on this thread, then you should have been up to date with the IEI MTO saga
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by yMcy56:
RichEstate:
Please enlighten me. What's about this move from them?
Its to capitalize unissued shares to increase OS (Outstanding Shares) and working Capital.

I've discussed extensively about VFDGROUP here in the past together with one or two Nsempas that contributed that time.

1. Total outstanding shares (OS) presently is 253,369,820 (in millions)
2. There's now a plan to increase this to N1.263bn+ by capitalizing unissued shares worth N506M to ordinary shares of 50k each
3. If you divide this sum by 50k nominal value, you'll get the number of bonus shares arrived at......for distribution to shareholders.
4. IN SUMMARY: VFD is distributing 1,013,479,280 unissued shares to shareholders who owns 253,369,920 existing shares........
** This brings it to 4 new shares for every existing one held........AND, the new shares will rank in pari passu with existing shares.

** Quite a number of Companies issued bonus in 2022 FYE as well......so nothing strange here...... Except that VFD's bonus is so juicy. If you still have it, then HOLD!
** Qualification Date is 14th June, 2024
** Hope I answered you in my own little way.
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by yMcy56: 1:42pm On Jun 05, 2024
VFDGROUP
Corporate Action.....
Bonus Script: 4 new shares for every 1 held
Qualification Date: 14th June, 2024
Registrar: Africa Prudential

https://doclib.ngxgroup.com/Financial_NewsDocs/41421_VFD_GROUP_PLC-VFD_GROUP_PLC-_CORPORATE_ACTIONS__CORPORATE_ACTIONS_JUNE_2024.pdf
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by yMcy56: 10:29am On Jun 05, 2024
[quote author=DeRuggedProf post=130316084][/quote]Prof go check again and update us..... smiley
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by yMcy56:
essentialone:
Will LASACO declare 15 kobo this year again??
Hold on to your LASACO first, we are not management or board members, we can only have our expectations from the company.

I'll check on their Q3 later and possibly state my opinion on it.
Remember I'm not sound at putting numbers and figures together ooo, na my Ogas Ministry be that grin

*Modified 6th June, 2024*
All things being equal: LASACO should be able to pay 10-15k

Cc: @essentialone
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by yMcy56: 1:28pm On Jun 04, 2024
BullBearMkt:
YMCY56 ASSURED UNLIMITED INTERNATIONAL
grin grin grin grin grin
Lol. No be small thing oo boss grin
Ymcy wey he dey follow to buy shell upandan.....
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by yMcy56:
@crownprince2017
I sent you mail.
Can't lay hands on your post with which you tagged me on VFDGROUP.

** For anyone interested, VFD is proposing a bonus script of 4:1 subject to shareholders approval at the AGM on 27th June (SEC already approved)

https://doclib.ngxgroup.com/Financial_NewsDocs/41417_VFD_GROUP_PLC-OUTCOME_OF_MEETING_OF_THE_BOARD_OF_DIRECTORS_OF_VFD_GROUP_PLC_CORPORATE_ACTIONS_JUNE_2024.pdf

*DD applies*
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by yMcy56: 6:05am On Jun 04, 2024
INSURANCE SECTOR CORPORATE ACTIONS...
CHI PLC - CONSOLIDATED HALLMARK
Final Dividend: 5k (2k interim for HY2023)
Qualification Date: 15th June, 2024
Payment Date: 26th June, 2024
https://doclib.ngxgroup.com/Financial_NewsDocs/41409_CONSOLIDATED_HALLMARK_HOLDINGS_PLC-CORPORATE_ACTION__CORPORATE_ACTIONS_JUNE_2024.pdf

MANSARD
Final Dividend: 0.34k (Interim 6k, total = 40k)
Qualification Date: 15th July, 2024
Payment Date: 29th July, 2024
https://doclib.ngxgroup.com/Financial_NewsDocs/41394_AXA_MANSARD_INSURANCE_PLC-AXA_MANSARD_COPORATE_ACTION_DEC_2023_CORPORATE_ACTIONS_MAY_2024.pdf

NEM
Final Dividend: 0.60k
Qualification Date: 20th June, 2024
Payment Date: 2nd July, 2024
https://doclib.ngxgroup.com/Financial_NewsDocs/41401_NEM_INSURANCE_PLC.-CORPORATE_ACTION_ANNOUNCEMENT_CORPORATE_ACTIONS_JUNE_2024.pdf

CUSTODIAN
Final Dividend: 65k (Interim 15k; total = 80k)
Qualification Date: 12th June, 2024
Payment Date: 21st June, 2021
https://doclib.ngxgroup.com/Financial_NewsDocs/41380_CUSTODIAN_INVESTMENT_PLC-CUSTODIAN_INVESTMENT_PLC_CORPORATE_ACTION_ANNOUNCEMENT_CORPORATE_ACTIONS_MAY_2024.pdf
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by yMcy56: 1:00pm On May 30, 2024
EDUECO:
No let your Oga carry you go where you no know .
I'm just joking o, don't take this serious o😁
My Ogas that used to give you sound fundamental stocks backed with TA, where are they?
Shebi Una don insult them commot for here........so mine can't be an exemption nah.
I just decided to post here today after sometimes, see what your mindset was again.
Issorite o.
Una talk well.

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