YMcy56's Posts
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Streetinvestor2: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. |
KayOn1:No vex. No do as your power reach. ![]() .....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. |
Streetinvestor2: ![]() |
KayOn1:Streetinvestor2 ![]() |
https://doclib.ngxgroup.com/Financial_NewsDocs/41466_SEPLAT_ENERGY_PLC-CORPORATE_ANNOUNCEMENT_ON_NNPCL'S_DISCONTINUANCE_OF_COURT_PROCEEDINGS__CORPORATE_ACTIONS_JUNE_2024.pdf |
Mfunkynation:True. I didn't even notice that......guess he meant after markdown |
megawealth01:I see.. You must have picked it high over there |
megawealth01:MP = Market Price MD = Markdown Make una dey speak the language wey we understand o. ![]() So you also have it? |
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. |
modupeshow: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... ![]() ** In the meantime, try and watch out for price movement and average it down for now. |
SonofElElyonRet: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 |
KayOn1:Save journey......some people just dey adjust seat to balance well.. ![]() |
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 |
sterlingD: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
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KayOn1:Maybe TB people go fit explain that one... |
KayOn1:Guinness also on full bid @55.60 NB also with huge volumes, even as at yesterday |
ositadima1:Thanks So if it's 1 for every three held for instance, is it the same thing? |
More NB accumulation in cross deals @28.... |
SonofElElyonRet: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** |
SetrakusRa: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.... ![]() |
SonofElElyonRet:* 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.
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ETI https://doclib.ngxgroup.com/Financial_NewsDocs/ETI_-_AGM_and_EGM_RESOLUTIONS.pdf https://doclib.ngxgroup.com/Financial_NewsDocs/41432_ECOBANK_TRANSNATIONAL_INCORPORATED-AGM_2024_PRESS_RELEASE_CORPORATE_ACTIONS_JUNE_2024.pdf AIRTEL https://doclib.ngxgroup.com/Financial_NewsDocs/41428_AIRTEL_AFRICA_PLC-ANNOUNCEMENT_OF_FINAL_DIVIDEND_CURRENCY_EXCHANGE_RATES_CORPORATE_ACTIONS_JUNE_2024.pdf |
RichEstate: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. ![]() |
megawealth01: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 |
RichEstate: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. |
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 |
[quote author=DeRuggedProf post=130316084][/quote]Prof go check again and update us..... ![]() |
essentialone: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 ![]() *Modified 6th June, 2024* All things being equal: LASACO should be able to pay 10-15k Cc: @essentialone |
BullBearMkt:Lol. No be small thing oo boss ![]() Ymcy wey he dey follow to buy shell upandan..... |
@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* |
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 |
EDUECO: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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