₦airaland Forum

ositadima1:
Is the banking system the primary factor responsible for our current economic challenges? Can a mere adjustment in monetary policies be enough to reverse our fortunes this time?

Clearly not. A major pain point is food. If the ongoing fg-spearheaded dry season farming is anything to go bye coupled with the first release of product from the refineries, those inflation figures drops in about 6months.

BullBearMkt:
Governor Cardoso's policies are aimed at addressing the economic challenges of rising inflation and a weakening currency​​

From the bold, its safe to say that they're not done with mopping of cash. Improving TBs and bond rates will only attract more investors away from the NSE(but at what scale?).

With the proposed recapitalisation, it's safe to assume that FUGAZ are considering possible takeovers, while others are to consider merging. Identifying such candidates will be profitable.

*Providus on Unity is just the first to come.

yMcy56:
Where did you see it?

Or is it with ZENITH moving up today and has gained +70k so far or with quite some stocks on full bid?
Na kwesion I ask o, so I go know which direction you take see am.

My boss!! Relax, this one no be metaphor oh.

Oando's above 600M volume chart stats:

IPO - 1.5b December-February 2003/4 green
Post IPO - 915M April 2004 red
Event 1- 951M 2015 January red
Event 2 - 874M September 2023 green

*as seen

megawealth01:
Should I buy based on your recommendations? Will I have a refund if it goes against this date?

This Caverton was not moving as swiftly as I wanted it. Waiting to reload at a price range if it pops out again.

Wow. A wild boar has been roaming. I hope it was escorted safely back to the zoo?

May the corruption analysis odds be in our favour!

Greetings and cheers to 10 days left of November!!

Mpeace:
Seplat has 500million shares with less than half on free float.

Same variables with Oando, but with 12billion. So, it won't be strange seeing it at 3-400h based on +ve fundamentals. The days of tank farms are over(low profit margin), ask Otedola.

emmanuelewumi:
Did you consider the outstanding shares of MRS,

Oh that. Mirroring the OS with Seplat- Oando's only rival(on NSE) in the sector which is firing on the back of the establishment of a gas holding facility in Delta state, I would say either by shares reconstruction or organic growth, MRS will still be dwarfed by it( if they remain).
Long term minority shareholders should sheath(which can be hard) their sword and accept that Oando is ready for business.

Alhaji Dahiru Mangal: Wale(sitting comfy) has left the fate of Oando on NSE to its shareholders.

My point is, MRS should not be topping Oando

When is Christmas shopping?? Abi money no wan near streets??

https://nairametrics.com/2023/11/15/sec-new-e-dividend-portal-to-become-operational-on-30th-of-november-2023/

I hope this works effortlessly as Coronation Registrar has refused to release my Access dividend since June, but are happy to always point me to the unclaimed dividend register.

ositadima1:
It is possible that the bond market may see 18% interest again. If that happens (or if I see it coming), I am bailing out. Hypothetically, if your bond can give you close to 1 million monthly from the same investments you have in stocks, which give a marginal fraction of that, some people will choose bonds for the time being. My point is that an 18% coupon would be disastrous for most stocks.

Exactly. With the constant tightening of money supply and the clamour for investors, who says we can't see a possible rise in bond rates?

PETERiCHY:
Come what may don't be caught in the NSE in MAY 2024. It gonna be very bloody ☠️☠️☠️💀💀💀

BARGAIN HUNTERS TAKE NOTE!

*ThE OcToPuS*

nairavsdollars:
Big fat lie. You are not God who sees the future

You would also agree you're not God either?

Every Tom, Dick and Harry issuing rights offers left-right-center. To the best of my diagnoses, I think one should not over look the possibilities of a pull back at a time, T.

Locotrader:
Hope your mouth is shut now.
I am interested in your criticisms

Cc: Ositadinma

Shine for me mehn!!! This life na turn by turn

That kind of jackpot that gives inflation-and-dollar-rate a line from Burna boy

"You go bow for the result oh"

BabsO2:
It's available for those that want to buy at N10.25 right now in small quantities. If one needs more one needs to bring out more money. Some are still waiting, bidding at N8.70

Currently a betting stock as financials are incomplete and minority shareholder buyout still lurking around .

People are careful not to sell. And those buying are doing so cautiously.

Life changing loss or life changing profit. Choose yea this day!!

Japaul

Till 28th November
<Open-ended>

Zagee:
**Banking stocks on the sell side this morning. We await update.

Day2: Low vol ...

Other news: Ote$ sold 5% on his Gerugu holdings as far back as last week of October. Maybe December bonus

BabsO2:
Looking at ETI Q2 the translation factor used for USD to Naira is N756 per $1.
It is safe to assume 750 or 756 or thereabouts is the rate all the banks used for their forex gains and about what the CBN wishes or projects or targets
Otherwise there will be instability in bank reports.

Well, financial appropriateness(intellectual propaganda) of some sorts.

The Securitization and the expected 2m bbl to Dangote refinery(though not at full capacity) has painted the gov't actionable.

Let's see how fx pressure relaxes on fuel import and the resultant fx market effect.

Our dollar speculators, its time to reasses your position atleast from now till January. 750 looking feasible.

**Banking stocks on the sell side this morning. We await update.

Osmosis and diffusion, an important phenomenon in market research.

Geregu positives gives me a Transcorp positive. Although, I still hold some thought to a possible divestment of the power arm of Transcorp. In all, have remarkably sufficient holdings as permissible.

Market was calm today. Surprised numbers on Seplat of late- improved production?

unite4real:
It's not bonus shares but rights issue.

Check the details

VFD Group already issuing bonus.
https://nairametrics.com/2023/10/14/vfd-group-seeks-approval-and-listing-63-34-million-ordinary-shares/

One should keep an eye on NIDF.
Investors

Phlinx:
Really? When was the buyout offer announced? What date?

What was the closing price the day before the announcement?

Check 28th March 2023 closing price.

Tpharell:
It appears there is a conflict between the court order and the NGX ruled

Good to see you have displayed the Scheme of Arrangement.

#AllEyesOnTheJudiciary? No?

Tpharell:
Where is your source vacanci?

Going by this, will it over-ride the scheme of arrangement documentation that backs the 7.07 pricing and SEC being aware of it?

Be like say we go reach supreme Court oo


https://www.thecable.ng/oando-to-become-private-firm-as-core-investor-offers-buyout-of-minority-shareholders

mikeapollo:
[b]NGX RULES ON DE-LISTING OF SHARES, AND HOW IT AFFECTS OANDO[/b]

3. the company (Oando) would apply to the court for necessary legal requirements for delisting its shares
4. the company would organize a Court-ordered Meeting of shareholders (AGM/EGM) to approve or reject the Scheme,

Stuck on 3. The decider is 4.
Looking at how oando has gone from downstream to upstream sector(vis-a-vis an ENERGY COMPANY), I personally don't think it makes sense going forward with any buyout option for these shareholders(if they're indeed genuine with all that has been said about "Walenomics" )

Now that NNPCL is back to being sole importer, what happens to Eterna and their licence? Subsidy frenzy over. E don dey clear..

To think that the Israeli's military budget for last year is 23b USD- that's like 2x Nigeria's national budget. Large population, zero productivity! Na wa oh!

The bible says "children are like arrows in the hands of a mighty man". Indeed Nigeria is fathered by fools.