₦airaland Forum

Land is generally green this early trading hours.......

SUGAR/SALT: Up with +10%
SUGAR @61.20
NASCON @57.60

Banking Sector: Some positive sentiments

** This TRANSPOWER, we are expecting you @400 oo.......make e go settle above 400 first......
* Lots of accumulation still going on there...
* Who are those buying @373 and who is the supplier?

Mpeace:
Take a look at Dang sugar and nascon trades for today. No single 100k deal but they both made 10% price appreciation. I noticed it happen on manÿ different stocks at different times.
By the single 100k rule, both ought not to move today but they did.

I do not know, but I noticed stocks move on cumulative/consecutive trade at the same price.

Una too like to dey argue oo
There was system glitch in Morgan or maybe on the Automated Trading Platform of NGX.

There's no way a total of 2.3m units of NASCON would have been done without a 100k moved in-between....

Check the trades for NASCON for instance and try to sum the transactions there, you'll see that some transactions were missing........this must be Cross Deals mostly.
If 100k is not moved, it won't officially move up.
Same for SUGAR and maybe some others.

Adinije:
There was a trade of 123,000 on Nascon at 52.4 before it went on full bid.

Thks

Mpeace:
Once there is an official change in price the day high/low will change. And I noticed official price changes even when there is no single 100k deal as long as there is 100k cummulative trades at the same price.

It doesn't work this way!
It MUST be 100,000 single unit or above.....this is what the Rules stipulates.
Cumulative doesnt count.

I guess you've been looking at intra-day high and low, which eventually won't count at the end of the day if there's no bulk transaction of 100k in single trade or crossing.

Mpeace:
I usually make use of the high and low for the day.

Ok thanks.
Maybe I'll need to logout and in again.
To be sure, I used to check under "Trades" for the day.

Mpeace:
I am also on morgan, and both have moved for the day 10% up on my platform.

And you can see 100k single trade?

DANGSUGAR and SALT
Seems it's yet to officially move for today or is it the system that's not showing it?
Both are on full bid since market resumes..

Anyone with update on this from other platform?

That's the glitch I was referring to or is it only in Morgan?

Deadlytruth:
I've opened it. EPS is N1.16. All other fundamentals are also quite okay.

Was responding positively in the market....

Some mop up going on in TRANSCORP!
It was cleared up to 16.99 again.......from 16.03
Something is likely in the offing here.....

TRANSPOWER also inching up sha

vacanci:
TRANSPOWER will soon enter full offer....
na joke o

Something that has started moving up again......
At least, normal trading will resume there and normal trading in the market as well

I think the regulators are already doing something about it

Tpharell:
Transcorp power offers now available for those interested

I think it was deliberate.....
The listing has made the market to be tilted on a side since......could be a way to distract people and stop the daily long queue...
Normal trading will resume there and people will be forced to be buying and selling....
Just my opinion o

Seems there's system glitch
Some transactions not available under trade...

**I wasn't referring to TRANSPOWER here!!

Deadlytruth:
It is TRANSPOWER traction.

Latest IEI result released today....
I've not open it o.....

https://doclib.ngxgroup.com/Financial_NewsDocs/40497_INTERNATIONAL_ENERGY_INSURANCE_PLC-_YEAR_END_-_FINANCIAL_STATEMENT_FOR_2023_FINANCIAL_STATEMENTS_MARCH_2024.pdf

TRANSCORP
Slowly and gradually moving up again.....
Now @17.20

SUGAR on full bid @55.65
SALT on full bid @52.40
TRANSPOWER full bid @386.40
MTNN @221.40
OANDO: On the move........now above 12.....@12.35

*For info purpose*

lionshare:
Thanks for your response! Maybe its Meristem acting up----its frustrating! Can you recommend another broker?

Morgan Capital Securities Limited
Or
Atlas's Portfolios Limited

essentialone:
Chams and Japaul has been going down down down

OK.
Better to dey watch for bargain entry there....
Accumulations has been ongoing in JAPAUL for quite sometimes now @ circa 1.96

Btw, where are the NSEMPA MTNN analyst oo
It's currently on bid @201.30 with zero offer...
Someone even said na 99naira junction he dey wait for am....

TRANSCORP PLC: 298M units in transactions so far.....with over 5B staked in it....

lionshare:
Why does it seem impossible to buy transcorp power

People were/are getting, even on the first trading day after listing.....
If your bid can be submitted by 9.30am on the dot, there's a possibility of getting.
They've been selling quite a lot to increase liquidity and free float.

[quote author=perfectgen post=128808554][/quote]Sorry, it's somehow difficult to answer but if you're for long term, you can buy some....
Its still on full bid even today...

WAPCO
Someone seems to be accumulating it @33.90/34.00 for the past few trading days now....
Maybe he's just buying for future purpose, for dividend or for a news we don't know yet

Mpeace:
Following yesterday's full offer on Nascon, I really wanted to buy today's low, believing it would be on offer again. This market self.

Lol. You should have started picking in tranches from 50.....

yMcy56:
A whole DANGFOODS at below 50!
Very cheap

6/3/24

SUGAR full bid @50.60
SALT full bid @47.65....
TRANSPOWER full bid @351.30

ZENITH @34
FBNH @34.25

*In fact, I don edit everything self*
Nobody dey pay me to post either.

@Currentprice says I dey delete/clean like say Seun dey pay me.....no vex bro, no be my fault.....If dem start throwing me stones I no dey see anybody, so make I dey delete as I deem fit.
*One thing be say, I for don pass the msg across for those who are around when I post am.

E Ku Market oo.

TRANSCORP relieving SUGAR/SALT of sell off...

Don't go too far away from TRANSCORP yet.......
Another stage is coming again.....
Those guys that bought @20.88 today are not stoopid....
* More picks @17.10*

Mpeace:
Transcorp did a total of 67million units today. As at the time it got to his turn, transcorp had already done 57million units. So its not possible he got 66million units today.
From your post, its possible he got some units and withdrew his bid before replacing it so that it appeared below the rest. But 2hy would he do so?

I am in transcorp, I have no reason to deceive anyone.

Read my post well.
Didn't say he got 66m, I said it got to his turn and the bid starts filling in..........until it's remaining 57m+ towards closing and I stopped checking.

If you're conversant with Morgan platform, you'll know that once it's your turn,first tranche is filled, the bid may just go and stay below the queue for that price group......then any other sale will be filling it up.......but you won't see it on top........may not be everytime sha.

We've talked about this here sometimes this year or so, when someone came to ask.

Not saying you want to deceive, you're not one of those. A regular trader will understand what I'm trying to explain here.

Mpeace:
Transcorp 66million guy ran away once it got to his turn. E be like manipulations dey this thing oh.

He didn't run!!
His bid was there and part of it filled.
Once part of it were filled, the bid went to the last on queue but still the first getting filled. About 57million was still left when I stopped checking it.
Quite a lot of Cross Deals in-between that didn't reach him self.......one 3.5m single crossing was made in between...

I even wanted to come and post when some were filled, that it means the bids were real!!

You for put this post in form of question to avoid misguiding.

Streetinvestor2:
The alert I got says Japaul 6 from sterling registrars.
I don't even know Japaul registrar because I have never filled e dividend to that effect

That means JAPAUL is becoming a gold mine then. Lol.

Emndy:
. They are selling to provide liquidity, not buying.

The regulators are not serious.
They're supposed to apply wisdom in providing the liquidity.....
While there's still heavy demand, they could have just hold on first .......and be releasing the +10% daily till people starts getting tired of queuing up...

Most institutional investors are trying to enter the bus by all means...... TRANSPOWER is solid

Btw, the Transcorp Plc heavy bidders are yet to get their fills......

Seems NASCON and DANGSUGAR are the ones receiving major punishment for TRANSPOWER listing!

More sales to key into TRANSPOWER

GEREGU seriously guiding and defending the share price but Alhaji, No!
If not for the Merger news, I'm not really a fan of Dang stocks...

CAPITAL preservation should now be key to Dang holders......those running to make quick gains are still coming back sha.
Lets be Patient and hopeful.

Streetinvestor2:
Japaul paid dividend yesterday. I don't know how much was declared. I only saw alert though I have sold all and collected my school fees in January

Wow! JAPAUL pay dividend?
No info on this at all
A rejected stone.......
Try and check well, let's have concrete evidence

Princkez:
TRANSCORP...that single bid of 66m units ,money is talking..

Those TRANSCORP bidders be like........sheybi you Sabi dump, oya keep dumping on us......

This is the type of bids we're talking about, not the petty petty ones they used to accuse people of using to manipulate share prices......

We are waiting for repeat of similar things in DANGFOODS.....only that DANG used to delay unnecessarily. The waiting is costing people who entered higher a lot.... 😏

CORPORATE ACTIONS

MECURE
Final Dividend: 0.15k
Qualification Date: 17th May 2024
https://doclib.ngxgroup.com/Financial_NewsDocs/40456_MECURE_INDUSTRIES_PLC-DECLARATION_OF_DIVIDEND_FOR_THE_YEAR_2023_CORPORATE_ACTIONS_MARCH_2024.pdf

AFRICA PRUDENTIAL
Final Dividend: 0.45k
Qualification Date: 15th March, 2024
https://doclib.ngxgroup.com/Financial_NewsDocs/40465_AFRICA_PRUDENTIAL_PLC-CORPORATE_ACTION_ANNOUNCEMENT__CORPORATE_ACTIONS_MARCH_2024.pdf

NASCON
Bonus issue 2:100
Qualification Date: 3rd May, 2024
https://doclib.ngxgroup.com/Financial_NewsDocs/40460_NASCON_ALLIED_INDUSTRIES_PLC-CORPORATE_ACTIONS_NOTICE_CORPORATE_ACTIONS_MARCH_2024.pdf

Deadlytruth:
From the improvement in the most recent set of results I seem to think that that buy out price may be renegotiated higher.

Maybe.....but remember Norremberger came in when the stock was dead and abandoned at car park for long.......I think the N1.60 was juicy for the stock that time.
I've not even check the result anyway.....