₦airaland Forum

BBFE:
Compare apples with apples. How does MMM compare to my buying Japaul on the back of a major cash injection.

How am I scammed here.

Can this deal go bad? Yes. Does it stand the chance of succeeding? Yes. There is a reason why equities are riskier investments than gilt-edged securities.

well said

hyness:
I do not think there was news they were interested in Aso Savings and Loans all along, I thought it is Resort Savings and Loans. Am sure the two companies are being mixed up, Aso Savings may have seen the news circulating and quickly disclaimed it. The chairman of Resort Savings on the other hand spoke out to confirm the partnership with Milost as per link below:
https://nairametrics.com/japaul-has-some-harsh-words-for-the-negative-press-that-crashed-its-share-price/
NOTE: Don't have it.

my brother I tire for all these people o

mendes911:
Aso Savings has done the right thing while Jegede is busy dumping his own stocks. If mugu no fall, how maga go take chop ni.....

these aso savings have delisted without any notice to their shareholders. what is their current financials?

am of the opinion that milost need not raise all this dust no matter how justified they are cos what works in chicago might not work here. now lets see how the ceo of unity bank tries to deny that. i hope they have her on video and signature. we have rugged rogue executive every where. its a rugged and insane terrain

wanaj0:
Milost is another MMM in the making and the founder of MMM is not a Nigeria. So forget the self hating! They are trying to ROB Nigerians under the guise of 'investment'!

If you want to help, just follow the rules? Who pay 'penalty' for drop in share price? Thieves them!

Now they've reduced the amount to be invested in JaPaul to a 'credible' $21m. What happened to the big big money they were calling before?

well i dnt know the intrigues in detailes. but we all know the recklessness of most nigerian companies. if the they stipulate their own conditions for granting the loan its nothing new. now tell me. whats smart about buying oando offer for 13naira and five consecutive years down the line it cant get near 10naira.

Mztarstrechy:
Read more. http://www.trezzyhelm.com/2018/03/see-big-cobra-man-killed-in-his.html?m=1

funny, they blow up d WC. can't they gas d snake

salanda:
“Soon after the story broke, Milost started receiving threatening emails from a gentleman who says he is politically connected to the powers that could shut Milost out of Nigeria if Milost didn’t terminate the Unity Bank transaction."

“Milost Global Inc wishes to clarify this due to the repeated unprofessional conduct of Business Day Nigeria and its incompetent journalists who are failing to verify facts and communicate with all sides before print and this has led Milost to take legal action against Business Day Nigeria and their journalists Iheanyi Nwachukwu and Lolade Akinmurele. Milost Global Inc will be filing a $500 million lawsuit against the three before the end of the week."
https://www.businesspost.ng/2018/03/26/milost-terminates-1b-deal-with-unity-bank-plans-500m-lawsuit/


Interesting read

my brother that Nigeria for u . blackmail every where. they can't help themselfs or the situation yet they try to pull down those who can help the situation out of petty jealously and envy. that's why they remain ever miserable. now tell those attackers now to help the situation of unity bank they can't.

OBAGADAFFI:
@ the current price the amount is N5.8

thanks

Mpeace:
None sir. I just want to own alot of this stock before its 2017 full year and q1 results 2018 results are out.

k thanks

emmanuelewumi:
N6.00

OK thanks, that's good enough.only say d stock na mysterious specie ,very hard to trade

wanaj0:
Share is is adjusted for dividend and bonus so makes ZERO difference on your networth. Not sure why people dont factor that in.

agreed but assuming there's a rally before markdown it could make a lot of dfference

Coolcash1:
The new price will be N25.,,,This is the calculation;

Lets assume pre-bonus shares is 1,000
Lets assume pre-bonus share price is N30
Bonus issue is 1 for 5

Therefore, we calculate number of bonus shares to be issued;

1/5*1000= 200 units
Total number of shares will be= 1000+200=1,200

Lets now calculate post bonus share price (Psb);

Pre-bonus number of ordinary shares * pre-bonus share price = Post bonus number of issued shares * Post bonus share price

1000*N30= 1200*Psb
N30000=1200Psb
Divide both sides by 1200
Therefore Post bonus share price will be N30000/1200= N25/share.

So, the share price will be adjusted downwards by N5.

k thanks

pls anybody with d right maths? mrs 1 for 5 is equivalent to 5naira if the share price is 30naira

no MKT today? activity is dull here

dipoolowoo:
Dangote Cement Targets Expansion, Higher Sales Volume in 2018
https://www.businesspost.ng/2018/03/26/dangote-cement-targets-expansion-higher-sales-volume-in-2018/

expanding to where again? hope is not an excuse to deprive shareholders. cos I remember oando

Mpeace:
Guys pls hep me. In my quest to make easy 10% , I bought 120,478units of eterna @ 5.70. to sell at 6.27. since then it has refused to go up to 10%. I have now decided to sell at 6.14. NB before now eterna has been doing 6.30, 6.40etc. My offer is number one on the offer list. Pls someone should just buy it so that I can load more diamonds.

any news on diamonds?

Kaybaba5:
Switching off my phone at night is no no way to me cos i might receive call that needs urgent attention from my family or anybody. ..

that's true. that's one rule I will not accept from experts or those who form holier than thou and highly disciplined,cos if u look at it, a fire could be raging near ones domain and a timely call being ones saving grace

igbodefender:
What have we done in this regard, or is it just talk without concrete action? What you are saying, Prof. Barth Nnaji said it in 2000. 18 years later, where are we?

at least Barth nnaji contributed his own in d east. he has a power company

valentinenwoko:
2017 CILEASING result. No information on Dividend

was d result fantastic like the management predicted? what about d reconstruction and private placement bla bla bla?

dipoolowoo:
MRS Oil Gives Bonus Shares Amid Drop in Revenue, Profit in 2017
https://www.businesspost.ng/2018/03/25/mrs-oil-announces-bonus-shares-amid-drop-in-revenue-profit-in-2017/

long overdue, their share size is slim

Gullah:
The pilgrimage embarked on by Nigerians is not in homage to Judaism, it is rather in homage to Christianity that they go to visit the place where Jesus was born and lived all his life and where Christianity began

but why have they themselves not accepted the christian way?

ayatt:
nawa oh nothing wey person eye no go see for this world....eating cat?

is it not better than that guy eating earthworms and millipedes in that ultimate survival series?

RabbiDoracle:
Trump is just too unpredictable. I'm seeing it. We don't want to post any bearish stories here.

The Chinese are mulling on the way's to reply to Trump.

ow OK, but it OK to post damaging stories for d NSE. while u quietly they hammer from that side.

shigidi:
Excrutiatingly illiquid

that's my kind of stock. not d one with 50 billion os

wanaj0:
Better off? Illegality can only bring disaster at the end of the day! That's how OandO started with their reverse acquisition nonsense followed by fictitious capital raisings. Corporate governance is alien to some people.

if u are long enough in this MKT .u ll know that major acquisition still remains best options for poorly run or moribund companies and 80% of the time it has worked out. let me take u back memory lane: ( 1)Benue cement company which metamorphosed to dangote cement (2) national salt company(3)ibtc acquired by the south African bank(4)interbrew (5)forteoil e.t.c. during dangotes acquisitions, a lot of people with bigotry and parochial interest kicked against it. now tell me what's d story today?

wanaj0:
I am a shareholder of JAPAUL. I own 1,000 units . The deal is a SCAM! Where is the shareholders approval?

Na so OandO take start

well d fact still remains that u are still better off with this deal than no deal at all. when the wife of ibru scuttled the last planned deal for ikejahotels with their family battle; are u better off today? let's learn to make the best choices.

wanaj0:
There are many rogues in Nigeria!

When was this 'MESA' presented to the shareholders of JAPAUL and ASO SAVINGS? Did the shareholders agree to this scam?

bros with all due respect, please tell me what u have to loose from this supposed deal? if u are not a fan then let them be. if milost makes japaul better than they met it then let them be. tell me which is better; the days of inactivity, despair and hopelessness and this days of seeming possibility and hope? don't join the league of those who try to run down anything they are not part of.

davide470:
http://www.nse.com.ng/Financial_NewsDocs/21267_GLAXO_SMITHKLINE_CONSUMER_NIG._PLC._CORPORATE_ACTIONS_MARCH_2018.pdf

Special Dividend of N7.1kobo?? Any explanation?

pls let me get this figure right; is it 7naira10kobo or 7.10k?. because dis is d kind of figure that mislead me in may and baker

LibertyRep:
Fourth term? Well whatever rocks their boat.

Chinese President too just won another term and might even be president for life.

This sit tight syndrome isn't an Africa thing after all.

Congratulations.

are they not doing well for their nation? can u compare them with Robert Mugabe?

Deadlytruth:
Real Estate investment is the investment I dread most in Nigeria followed by transportation. In the real estate sector it is almost as if there are really no laws protective of the investor.

that's when one is unlucky and has a bad and inconsiderate tenants. otherwise its d best investement

Yayira:
...and what is the mystery abi na reason why the price always fall ? 29 ?! What a WaWu.

if it was a foreign company with that earnings, the price would have gone up. and no thanks to all these our local company with overbloated OS, l just don't see any wisdom in it. look at amazon share price

godlyguy:
The smart ones have bailed out... JAPAUL played the fast one with the MILOST... So pathetic that people didn't heed to my post on "manage your small gains and don't be greedy..."

THE BIG SMART GUY

it is normal for stocks to fall after several sessions of gap up. milost or no milost..