₦airaland Forum

DaV8King:
You forget the Canadian listing.

These guys deserve to have a movie made about them.

i wonder what came out of that Canadian listing. at a time we were hearing oando this and oando that .And yet no profit in sight except stories and promises and right issues

Coolcash1:
unfortunately no....

OK because u won chop dolar rise? Nigeria I hail o!!! we better get more creative. And when I say creative I don't mean the destructive and disruptive yahoo yahoo kind of creativity but constructive and pamarrnent problem solving ideas that can earn us global reckoning

Coolcash1:
This is not surprising to some of us. From current trend, to avoid economic collapse, naira has to be devalued again and full deregulation of the downstream sector implemented...

and for how long shall we keep doing this? is there no smarter alternative?

Chibuking81:
Those who force them are the one manipulating it. Mtn would have been better stay on their own, that coming to disorganize our market that is getting stabilize after the general election, market is moving one step up, two step down.

We should resist other listing by introduction, any one that fail to come in through IPO should stay clear.

notore is there for u to buy

Agbalowomeri:
I don't know anything about this MTN but the fact that they pay out 80% of their PAT as dividend, the NSE I know will price it very high o

let's see as they go public now if it will continue. any way still a south African company

pluto09:
Are you sure about this?
I am talking about net profit and not gross profit.
If PAT is 453b then eps will be 453/20 which gives us 85.6.

If that is true, mtn will be selling at a ridiculous low price at N90 as p.e will be close to 1 . impossible

did u use the 20 billion os?

stcool:
Retail investors should no bother until price hits... N180 it will not be available. Just coming from an event hosted by Renaissance Capital at Intercontinental hotel...Annual Pan Africa Investor Conference.
Big boys are not smiling I gum body follow go

Market will be sweet tomorrow
Don't be carried away... even by any expert, exercise caution.

Funny thing is the event has Cordros and Renaissance on it.

20billion share will not be available? I hear u. the can only hoard it for a few days

samguru:
Finally MTN is to be listed on Thursday.


dont rush to buy as the company will release some funny results after listing according to a reliable source.

what do u expect at 20bilion os? earnings would have been diluted

PallyG:
Trading hall of Nigeria Stock Exchange, Lagos. MTN Nigeria is to be officially introduced on the Nigerian Stock Exchange (NSE) on Thursday as the telecom company has concluded all relevant processes which will enable it list on the Nigerian bourse, two officials told Daily Trust yesterday. The NSE and MTN officials who pleaded anonymity confirmed to our reporter that the telecom operator’s 20.3billion shares are expected to start trading this week.

Read more: https://www.dailytrust.com.ng/mtn-to-list-on-nse-thursday.html

they should not have listed more than 2billion shares from the beginning even if its selling at 500naira. that's the path of sanity

teezpee:
Just thinking, do we have any rule in Nigeria that prevent companies from share buyback?

What we see around here is share reconstruction...whenever companies have messed up with large shares outstanding.

Will like to be tutored on this please...

do u know that some companies has not paid dividend for a while in the the u.s but their share price stands like a rock, some are selling for over 500 dollars. even investors always pray for little volatility in such companies cos they know it ll quickly bounce back.

BrokerHaruna:
FBNH: https://naija247news.com/2019/05/11/firstbank-hits-n1-trillion-in-transactions-processed-through-its-firstmonie-network/

This is positive news coming from First Bank. It shows their transformation journey is on track

. ok but until that translates to about 3naira dividend for share holders it is still another flash in the pan

millennium2012:
Analysts declare Jumia a “fraud” sinking its share price:

https://nairametrics.com/2019/05/10/analysts-declare-jumia-a-fraud-sinking-its-share-price/

may be its a tit for tat for milost

DOLLARTEX:
transcorp with over 40 billion shares outstanding and they are still ready to increase it.it is only in Nigeria we see this type of companies.you create shares you can not control!I tell you if zenith had say 2 billion shares,with all this result,100 naira straight.one cold beer for you abeg.

u get the drift

Tolktob:
do you think our opinino here really affect the market ? If yes ,please let move hallmark insurance tommorrow .

yes to some extent. it influences the sentimens of people who frequent here and and propagates and has a domino effect

Deadlytruth:
Thank you for this interesting question. Before I answer it, permit me to narrate the story a little further so as to serve as a clearer premise to my answer.
What really attracted me to UNIONDAC were
1. Its prospective FA which I read on Stockwatch and were quite factual and compelling.
2. Professional Sentiments as in the fact that I am of the medical field hence I felt some professional solidarity and sympathy for the company.
After successfully subscribing for the UNIONDAC private placement, I went back home singing and dancing not knowing that it was just a flash in the pan.
Few weeks later, CHAMS private placement followed but I didn't get to hear about it until the very closing day hence I couldn't buy. This pained me to the bone not knowing that I actually escaped a trap. But here I am today with the same CHAMS having given me over 150% within less than four weeks that I bought it for the first time ever, while UNIONDAC captured me only to release me after 11 years by selling it for N0.39 when the Dollar had risen to N360 against the Naira despite buying at a weighted average of N1.20 at a time the Dollar was just N150.
If anything happens to really take CHAMS to N1.20 as being sentimentally speculated, then I will have successfully evened out on all the school fees I have ever paid since I started stock investment in 2004.
Now my overview based on all my experiences:

1. No stock is worth falling in love with for any reason whatsoever on earth as long as it is not your father's company.

2. Long term investment philosophy on NSE is pure suicide mission.

3. Take any momentary profit opportunity that falls on any stock in your portfolio regardless of how tiny the percentage is as long as it bellies your stockbroker's commission. Compared with staying on a stock for months and years hunting dividends, this practice actually gives you far more profit within a shorter time as it is a path of compound interest.

4. There is no particular winning formula on NSE. There might be such on NASDAQ, Daw Jones, etc; but not on NSE at least for now.

5. Never rely too much on FA except foreing investors are fully present on NSE.

6. Play the game as you see it being played rather than as you think it should be ideally played. While a commitment to ideals is good, unfortunately reality is not dictated by it.

7. Then most importantly, always be on the lookout for the next news of takeover of an ailing company on NSE, buy the stock, but never let the euphoria of the appreciation that follows make you buy a mattress for it.

21 GBOSA FOR U!!! U get d drift.

rebekah2011:
The stock is valued between 80-85 naira per share. Dangote Cement has about 17b shares and it is selling for N181. The PAT of Mtn Nigeria for 2018 was N453b. It is poised to go higher this year, it, therefore, suggests that the outstanding shares are not too large.

OK sir pardon my ignorance; what is their share outstanding on jse and other exchanges? what is Boeign shares outstanding? after all the misfortune and bad publicity the share price only came down by 20%.

onegentleguy:
On the part in bold, Reuters seem to in agreement though;

https://www.reuters.com/article/us-nigeria-mtn-group/south-africas-mtn-registers-nigerian-business-shares-before-listing-idUSKCN1SD15G

"LAGOS (Reuters) - MTN has registered more than 20 billion shares of its $5 billion Nigerian business before its planned listing of the unit in the West African nation, the South African telecoms firm said on Tuesday.

It announced the move shortly after a judge cleared Africa’s biggest telecoms firm on Tuesday of missing a deadline to file a challenge against a $2 billion tax demand, the latest row with the authorities to beset MTN’s Nigerian business.

MTN argues that the attorney general exceeded his power when he issued the backdated tax demand in September. State lawyers had filed a case saying MTN did not file its challenge in time.

MTN Nigeria said after the judge’s ruling it had registered to list 20.4 billion ordinary shares at 0.02 naira ($0.0001) each with Nigeria’s securities regulator, before listing the business that MTN valued at about $5 billion last year.

“We have achieved another milestone in our listing process,” MTN Nigeria Chief Executive Ferdi Moolman said in a statement.
The company said it had started talks with the stock exchange to complete the listing and would meet investors to discuss the plans on May 16.

It has previously said it did not plan to raise funds from investors immediately via the listing.

Nigeria is MTN’s biggest market, with 58 million users in 2018 and accounting for a third of the firm’s annual core profit. But the business has faced challenges in Nigeria, ranging from the tax demand to a fine over unregistered SIM cards.

MTN had said in 2016 it planned to list its local unit on the Nigerian Stock Exchange after agreeing to pay a $1.7 billion fine to settle the SIM card dispute with the government.
It previously said it planned to list in the first half of 2019.

In the tax case, a hearing into whether the auditor general acted within his rights is scheduled for June 26.

“MTN maintains that it is fully compliant with Nigerian tax laws. The company remains committed to meeting its fiscal responsibilities and contributing to the social and economic development of Nigeria,” MTN said after Tuesday’s ruling.

In the commercial capital Lagos, lawyers for the opposing sides had argued over whether or not the telecoms firm responded to the tax bill within the three-month period stipulated by law. The judge ruled that said MTN had responded in 19 days.

In a separate case, MTN agreed in December to make a $53 million payment to resolve a dispute over dividend repatriation.

MTN shares in Johannesburg were up 0.7 percent at 104.37 rand by 1338 GMT."

. wahala dey o. if na 20billion units they won start off listing with then I have my fears.. what is the share outstanding of nestle uptill date?

Mcy56:
When will you change this orientation that Nsempas are solely responsible for moving prices self?
If your assumption was right, why is price of transcorp, wapco, caverton, Dangsugar, Zenith, UBA, etc. still stagnant or even going down?
While cautioning is good, you should still stop discouraging people from posting their opinions too.

if u watch closely u know am among the most tolerant here.. I hardly pick quarrels but that doesn't mean I should be at home with fanatism

Tolktob:
because of the kobo kobo you want to chop you want to entertain other people opinion on Japaul

do u know that that stock changed gear only when those people appeared and the next day we started hearing stories in the news. u now begin to wonder if there are other motives. u see me I understand the psychology very well. this is a super rich man .he is averse to risk, a 50k dividend could amount to millions in his holdings. at the other side is the the poor ones trying to help himself with a 50% gap up in a penny. and the rich guy gets jittery. coming up with all kind of boring theories and stories which many are fully aware of.

the letter writers don resume work. one appeared on the forum recently.

gamaliel9:
CEOs make their money and move on....

Politicians make their money and move on....

Policeman kills you and moves on....

Yahoo Yahoo makes his money and move on....

MMM gang make their money and move on....


Have you ever heard that Nigerian government worked hard to save Nigerians in foreign prisons...except a very very influential person like the Saudi case...just make your money and move on...TILL WE AGREE THAT ENOUGH IS ENOUGH..THAT WE SHOULD SIT DOWN AND DISCUSS HOW TO BE A NATION...For now we are afraid of it

and also when it concerns penny stock do d same

rebekah2011:
Heirs Holdings is owned by Tony and his family. Transcorp consortium won the bid for the AFAM Power Plant. What percentage of this consortium is owned by Transcorp Plc? But I have come to understand that this my ANALYSIS PARALYSIS will not allow me to make money from this deal. The smart guys are already on the bus counting their gains. I think if we want to make money, it is best to flow with money. Transcorp, Chams, Japaul, Dangote Flour, FO are full of cash, please enter and get your money before it is too late. NB. I do not own shares in any of these companies.

u can imagine a lot of people will have to accept d jaaa phenomenon. they try to run it down but the thing pass them. na so diamond take happen while some people are still whining and bangin their heads

Godlylifeoneart:
Truth be told, we all need speculation to survive in this business. A death of speculation + DD or scarcity of it means many will depend on the activators of panic buttons.... Sell, sell, buy. Buy, hold... Hold.. The stock brokers I meant. It was on dz forum that I first learnt about morgan capital after I had donated over N500k in about 3 years to some brokers.
Speculatory information is like an expo which might be right or wrong.
Let' us keep this thread alive
Speculate if you can
Readers are always advised to apply DD
CHAMS was speculated by me at N0.28
Some people said it has reached maximum profit taken, today d price keep rising with no sign of forming a support soon. Bids keep out weighing offers. At d close of biz today.. No offer.
Speculation is our weapon against the brokers that want us to follow their panic buttons
We need more constructive speculation.
No need to fight
We do not need to take on anybody
United we stand
Together we shall celebrate the coming bull predicted by members
Salah

even jfks father speculated and was lucky, made some fortune and was able to finance kenedys presidential bid

chibuking if u are brave and still there I comot cap o. I beg wire some bottle whort make I take dey thank baba God for ur head. that stock just performed the normal but long lost virtue on the bourse. and that's a stock recovering after a markdown and making good sense of the dividend. i believe u are made with this spectacular perfomance

longlife20:
If you discount caverton with 25% at the closing price today, it is selling at a discount of 110%.
If you discount it with 20%, it is selling at a discount of 163%. It is good to go.

we all know but only if the market agrees.

onegentleguy:
CAVERTON just released a Q1 2019 result showing a immensely outstanding growth accross all key deriavable revenue and earnings line. ...with REVENUE MARGIN up by over 83%, and PAT growth of over 170%.
With the company already returning near the 25k it paid for YE 2018 to stakeholders in the 1st 3 months of 2019 alone. ...EPS up by approx 167% from 9k to 24k.
Even more so was the fantastic healthy position of the company's FCFE, ROAE, ROAA, GROSS MARGIN, RoIC, and EM !!
...and some persons are selling? Given away such an IMMENSE VALUE !!
Well, for every buyer, there is a seller... the future will prove which one of them had made a mistake.
With CAVERTON, I can bet that it would surely be a COSTLY MISTAKE selling @ this greatly underpriced value.
Rake-off all inherent worries, and this coys FVE should compute @ no less than N10.50 with this Q1 report.

No other fitting word than ACCUMULATE.
The stock screams so loud of that !!

Enough said.

proffesssor over to u. I know u wount dissappint.

PharmAlfred:
http://www.nse.com.ng/Financial_NewsDocs/25988_CAVERTON_OFFSHORE_SUPPORT_GROUP_PLC_FINANCIAL_STATEMENTS_APRIL_2019.pdf

Caverton is here. Over 150 percent increase in pe.

i rightly predicted that

735i:
No point being angry. If you can't beat them, just join them. I used to be sentimental like you... but i've since realized that there's no point. Just join the cowboys when you can, make your money and go away.

word for the die hard fundamentalist. especially for that milost letter writer

austinkenneth:
AIICO management is still going ahead with the proposed private placement which will rob retail shareholders.

the management is simply asking the shareholders sign away a portion of their assets to other people.

The Nigerian investor is at the mercy of company boards.

Some thing must be done about this. NEM wanted to do this but were stopped at the court by interested parties. Such a judgement could be easily applied in this case to stop AIICO from this special private placement.

well if that will improve the value then let them go ahead bro

DOLLARTEX:
even zenithbank no see that kind money.

abi them don finally get buyer self?

Yayira:
Unity bank Four hundred and sixty five billion ?

is that figure correct? what's that their os?

but this firstalum na cool pfa interest o. just like that 1 naira from access