₦airaland Forum

ositadima1:
Loco come and see.

I know he will provide more justifications for buying Champion Breweries' shares, let's hear them though.

Lol.
Loco will be like "turn the result upside down, you'll see the huge PAT made by Champions Brewery"

Waiting for the page or section he'll refer us to check for this....

222Martins:
For those saying something is cooking, food is ready!! Dangote Sugar don drop update....

I kept wondering what your mission is in this forum.....🤔🤔
Shebi you didn't buy DS/NS and OANDO, why not face the Champion Brewery you're accumulating?

If Dangsugar drops a letter, did you read a part that says "For the time being" and that "Further information will be provided to the investing public and regulators in due course"?

Once the coast is clear, trust you'll disappear just as you appear with new moniker too.

Streetinvestor2:
Na the champion matter we still dey oh.if you wan produce beer you got stop malt production because na one production line dey work now....lol

Funny how you were Loco's Number 1 street guy when talking down DANGSUGAR.......but you cease to be Street person on top Champion Brewery matter......since you're not speaking the language they want to hear.......

For Brewery Sector, if we're talking about the thing on the table for now, it's NB, Nigerian Breweries..
Anyone interested in the Sector should keep eye on NB.
- Lots of pick-ups ongoing there by the Parent Company possibly....
- The more the price falls from current price (28), the more it will be presenting good bargains......
- Na my opinion be this...

janga:
Oando and Dangote sugar holder

Lol.
Na stocks dem buy dey no ki.ll person..
Their case still better pass those marketing IB that has been delivering losses upon losses...
From Guinness to Interbrew .......as market no sell for those ones, Champions replaced them..... We dey here, we dey watch the Champions.

Better to do less of talking now till things becomes clearer..

ogoo4real:
It seems their is more accumulation of Transcorp lately. Sold over 125m units today. Any info from insider @yMcy56

- I've been posting about this at different times here.

- Lots are happening and about to happen in the Power sector, especially Electrity...
- TRANSCORP looking much more to benefit from it and lots of shares accumulation has been ongoing for the past weeks or months now....
* FG to sell non-perfoming DISCOs to private entities...
* Unbundling of 11 DISCOS......for instance:it was mentioned that Ibadan Disco alone is serving 5 states/areas, which makes it very inefficient. A Disco that's not even sufficient to serve Ibadan alone talkless of having other attachments......etc.
* The story plenty
* If you have your TRANSCORP, HOLD it for now.....insiders are busy accumulating, they likely knew more than we know
***DD also applies...before one person go start mentioning Mcy upandan here..***

https://dailytrust.com/electricity-fg-targets-6000-megawatts-by-end-of-2024/

https://www.nairaland.com/8070099/fg-unbundle-11-discos-orders

olaremint:
Lol, e be like say u bought at #12
No, I bought at 7 and 8 naira, the way it’s going down every day, it seems some people bought when it was 50 kobo.

* I noticed you don't know how to quote people's posts.....
- Simply click on "Quote" in the person's post (Sample attached)...
- Comment below the post (or above it)
- Then "submit"

* If it's your own post and you want to make adjustment to it...
- Click on "Modify" , make the correction or adjustment..
- Then "Submit"

** Let me add this also:
On top of the page when you login to Nairaland, you'll see different acronyms: FG, MT, FT, FB, FS..... they're all useful and serve different purposes.
MT for instance stands for MENTIONS, if you click it, it will show you different people that quoted you, the post quoted and their comments, etc.
You may then decide to reply them or not.

**NL-101**

OANDO
There are few things I noticed:
- Those badmouthing are most likely waiting to pick at bargain price.....
- If we look closely at the result, the revenue made was huge......
- Shareholding structure as at Dec 2022 was 73% on the part of the company and Ocean and Oil......ONLY 3 individuals/Coy owns 73.20%
- By 2023 FYE, we'll know the updated shareholding structure....
- Opportunity for Wale to accumulate more....
- We've been told that 2022 wasn't that fantastic before now...
- Just few weeks ago, Loco was in the bus but by today, he wasn't again .......So, if you're no longer in the bus, why taking panodol for others headache?

Insult me if you like, na wetin I noticed so far be that....
- Let the game begin.....

FG to sell non-perfoming DISCOS within 3 months...

Could this be the reason for rushing TRANSCORP?
It was noted that some accumulations were ongoing here for quite sometimes now.......
Maybe Transcorp is planning to acquire more...who knows..

https://thenationonlineng.net/fg-to-resell-discos-under-banks-amcon-in-three-months/

https://www.nairaland.com/8069751/fg-resell-discos-under-banks/1

Mpeace:
The fact that dangsugar has not issued any statement yet, might imply that there might be further developments or discussions.

I think so too.....
Some serious deliberations and actions must have been ongoing behind curtains.......
We're eager to read further updates soonest....

Oga Customstreet , pls we await any update on this as well.... Thanks for your usual heads up. 🙏

veecovee:

Pastor Vee, na Habakkuk 2:3 I wan type oo....
Maybe na the Garri wey NASCON bulletin dey make me drink cause am.
My Oga don dey make the garri go round......


Meanwhile, below is GTCO's Corporate Action:
Final Dividend: N2:70k
Qualification Date: Friday April 26, 2024
Payment Date: 9th May, 2024
https://doclib.ngxgroup.com/Financial_NewsDocs/40968_GUARANTY_TRUST_HOLDING_COMPANY_PLC-GTCO_-_CORPORATE_ACTIONS_ANNOUNCEMENT__CORPORATE_ACTIONS_APRIL_2024.pdf

FIDELITY
Final Dividend: 0.60k
Qualification Date: April 26th, 2024
Payment Date: May 16th, 2024
https://doclib.ngxgroup.com/Financial_NewsDocs/40972_FIDELITY_BANK_PLC-CORPORATE_ACTION_ANNOUNCEMENT__OF_FIDELITY_BANK_PLC_CORPORATE_ACTIONS_APRIL_2024.pdf

Mop up in TRANSCORP towards COB.....
From 13.40, it closed @14.40.....
Holders are keeping hopes up....

Much resilience from GT and ZEE from Market open to close......closed higher from previous price

Quite some normalcy in Market today....

DeRuggedProf:
Quote the Bible verse, else, I will refer you to the traded volume since Nascon insulted a guy on the pulpit...

Pastor Vee, you for quote Habakkuk 2:3....

2zona:
Whatever damage control they choose to do, the investors confidence and positive sentiment has been eroded and can never be the same again. Very unfortunate.

Oga, na Alhaji Dangote and the Dangote Group we dey talk about o.
Anyone wey wan sell should sell, but any positive thing can happen anytime along the line again.....

IYGEAL:
I once successfully opened an account with them, a second account, but later had problems with it as they said it's no longer allowed.

I had to liquidate the account.

Thanks sir.

@presiade you see what I was telling you?
It was allowed before but not anymore.....
Maybe the person you spoke with wasn't aware of the new changes yet....

presiade:
To enlighten anyone needing this information later, I reached out to them, and it seems possible to have multiple trading accounts with them. Mercillious, thanks for your response, though.

Good then....
This wasn't allowed the last time someone planned opening 2nd account with same name and other info...just late 2023.....
It was flagged severally by CSCS and was advised to abort mission.
Try and ask well before starting the process anyway.

customstreet:
Attention: OGG and YMCY
There may likely be a positive rejoinder to Nascon notice soon. Watch out

Thanks Oga Customs for this....
It's a relieve......
Make dem do the damage control sharperly before their over-sabi spoilt things for people.....

Princkez:
here is the reason

First Bank don start their own drama again. Lol.
Maybe Oba Otudeko was behind this again..
No be small thing..

Meanwhile, one entity seems to be mopping TRANSCORP up to 14 on the floor.

megawealth01:
Check again... I used one of our usual mails as response

Replied

megawealth01:
Good day Sis. Pls check your mail. It's urgent

I didn't see it o
Let me send from my end to you
*Sent*

Mpeace:
Since the merger is suspended, Nascon should just pay us some money as dividend.
They made an eps of N5.18 without paying any final dividend for the year end 2023.
Make they give us small money make we use dribk away our...

Abi nah...
At least they didn't pay final Dividend.
The whole thing was suspicious when NASCON paid N1 interim Dividend......
Same NASCON that just upgraded payment of dividend from 40k or so to N1, shey na dem go pay interim? Even planed 2:100 bonus...
There may be more to this issue......and they have their guys in SEC too......no be Naija again?

DeRuggedProf:

Prof, Hero or whatever you dey drink no go solve this matter o, na to dey find how to call Alhaji to come to shareholders rescue and to dey hustle for more fund...

Meanwhile, I think internal issue is at play here....
Those NASCON guys seems not to be pleased with the merger arrangements.....this could be their strategy to address their concerns and, find means to benefit the more from the whole arrangement......

DANGRICE seems to be the bone of contention here...
.and, the main drama be say, na Alhaji own DANGRICE......maybe 90% or so.........he has awarded more goodies to himself
If we look at it, no be his sweat again? How dey wan dey drag the thing with him?

The kind of traffic this Dangote issue has generated and is generating here come dey make person careful to post...

Na to go hustle and find money on standby sure pass now...... the drama don start be that..
DANGSUGAR is yet to upload her own version as at now.......

Make una no quote me to insult, me self dey in the bus........we are waiting for more updates and actions in coming days or weeks...

222Martins:
Are you referring to our NSEMPA's number 1 Cheerleader / Advocate of emotional investors and Forbes List Stock Analysts?

Noted

thebargainhunte:
#12 but you have to wait for it more 40 years.

Haba! Softly nah!!
Think insiders were privy to this information before now,....... could explain why the share price fell from N80+ to current price in the first place!!

I ordinarily don't expect much more deviation from current price........ *My personal opinion*
* Looks like some Ogas in NASCON were not happy with the merger arrangements, moreso that NASCON was delivering fantastic results....and FX chopping into SUGAR profit*
Whatever the case may be, we continue to watch and keep track of it.

presiade:
A quick question: Does anyone know if one can have multiple trading accounts with MorganCapital?

Not allowed for individuals....
EXCEPT in a case of stock transfer from one inactive house (or active ) to Morgan.

Adinije:
There is no way NASCON will have fair value of 12

NASCON no wan allow make we sleep ooo. Lol

Honestly, I don't think it should be worst as it seems......if not the panic talks and discussions accompany this suspension, as well as the high expectations attached to it in the first place.
The suspension would likely needs to do with the financials of Dang Rice.....if it could be tendered, possibility of merger talks to resume is there.

Before this merger talks started, I think @currentprice mentioned the fair value of DANGSUGAR as around N45/N50 or so that time (can't lay hands on the post now). We needed to see Q1 now as well.

Whatever be the case, I want to believe that the MERGER will likely still take place but only the time will be extended.......

DANGSUGAR needs to communicate to shareholders and investors on how they intend to address this with SEC in an update letter published on NGX.......those were the type of contents expected in NASCON letter, not just the nonchalant letter uploaded on NGX!

**Those cheering SEC, was that all they had to come up with in 9mths? Why delay till now if they're not a party to the "mischief" as well?

Agbalowomeri:
Lol if dem delay the info na still Una go complain

Lol. Why was the info published at odd hours?
Why rush to upload in the evening after COB?
What's their game plan?

Not complaining because it was published but the haste in publishing it when they knew how sensitive the info was, and that many shareholders were awaiting it eargerly and positive about it.

This type of news can make some investors to lose confidence in NGX itself

gare2510:
I think the message by NASCON was either hasty or intentional. They could have worked the issues with SEC in the background and issue an amendment to the merger. Why issue a notice that will send your stock price on a free fall.

Exactly!
Looks suspicious self..
* I think the person that issued the letter doesn't meant well for the company.......and it must be investigated.....
* Let's say the reply from SEC was gotten today 18th, why in haste to publish it on same date without consulting all necessary parties?
*Why not sort it out with SEC and provide the necessary proof and supporting documents?
* I believed there are rules guiding any merger, which the lawyers of Dangote Industries must have gone thru and advice the company based on this.
* We should understand that Alhaji himself will be losing fortune here, should the stocks nosedive...

** Not trying to convince anyone here, but me, I no dey just receive and believe such things.....hook, line and sinker
** We await further updates on this......as well as the drama that may follow........
I sincerely hope it goes well for the sake of minority holders!

Streetinvestor2:
14 sugar for imaginary rice.Way all those way dey post link give me,lol
I remain street investor

I think it's wrong to say Dangote Rice Limited doesn't exist!
- It was incorporated in 2014 and registered with RC number 1208185
- Dangote Rice, though may just be coming up has been seen in packages and, sometimes ago when prices of foodstuff went up, Dangote supplied 10kg bags of Rice to Lagos and Kano as relief materials..
- While I see drama loading here, I think NASCON was hasty in publishing as well as informing the public about " the comment from SEC"
- Are we saying there were no accompanying documents sent to SEC proving that the 3 Companies exists?
- because Rice wasn't listed, are we saying it's wrong to merge listed and unlisted companies that belongs to same entrepreneur? Aren't there procedures that were followed?
- And besides, merging the 3 Companies is a means of listing DANG RICE as well....
- Before some people will start jumping out from the roof top of DS/NS in loss and panic, I think there's the need to look critically at this scenario so as not to make a big mistake here.
- NASCON mentioned about suspension, in which, if enough, adequate and requested information is further supplied by DANGSUGAR, the lead company in this merger, the suspension may be lifted....
- All in all, DS/NS aren't disappearing from NGX, when it bottoms completely and the dumpers are tired of dumping, people can always average down at much cheaper price and enjoy any rally that may follow thereafter.
- My 1 cent opinion.

https://brandcom.ng/2018/03/dangote-inaugurates-multi-billion-naira-rice-processing-plant-jigawa/

https://www.google.com/amp/s/www.vanguardngr.com/2024/03/dangote-foundation-disburses-free-80000-bags-of-rice-in-lagos/amp/

https://www.dangote.com/our-business/rice-farming/

This market will some times favour the brave hearted.....
See FIDELITY begging for buy @8.10 just day before yesterday, it's sighted at above 9 today....
Where are the dumpers again....or they never arrive market?

Streetinvestor2:
You are right. Look at the eps at the end because of new Os compared to 2023

So also GEREGU
The Q1 was impressive...
E be like say na Power sector dey mint money now

ZENITH doing well in market today......
So much resilience......