₦airaland Forum

Transcorp 🤝 Abuja disco

DeRuggedProf:
https://www.premiumtimesng.com/business/597584-exclusive-otedola-speaks-on-bankruptcy-accuses-elumelu-of-backstabbing-him.html?fbclid=IwAR3j3t4hS1dEsb2991Sjy54_HvfzodwnkyIRIy88Ok8vjcDa7du8KJwlJ2E

I'm shocked how he painted "his friend" as a low-key villain..
🤣

But Mr T no dey try

Perhaps a bidding war

https://www.premiumtimesng.com/business/597539-exclusive-otedola-opens-up-on-relationship-with-elumelu-transcorp-shares.html

janga:
what the impact of dangote refinery on forex, can Naira be able to gain

According to reuters, it sees a $10b cut in imports as well as same amount generated in export

Why is Etranzact not making waves? Is there a mystery to it?

Redoil:
hello house when will gtbank dividend land

7 more days

yMcy56:
ACCESS
Looks like Wigwe don't want to take any chances at all.......the fear of Otebaba is the beginning of mopping & increasing shareholding......

Market situation as at now attached.....
80M bids against 16M offers...

And still no km 11?

I like my Samsung, cuz I can go all day handling it and return back with 15% for a charge. Not sure of an iPhone. I'm not a fan of carrying powerbanks up and down.

Still on this transcorp matter.

"It is said that the deal with FO is not a one-time-payment, but structured over time"

"It is an option trade"

OPTION TRADE: meaning Transcorp is expected at 12 at some point in time T.

These are the stuff that got my attention in some routers I stumbled upon online.

Going by this, we can then ask, when is TOE going to actualize this value for shareholders?

This is what volatility looks like. Somebody was confusing it earlier.

OBAGADAFFI:
He sold @ 12

I was only being modest with the "above 3"

OBAGADAFFI:
Ote$ also made cool money from that Transaction

Yh, buy at 1.45 thereabout and sell at above 3. TOE just had to pay some ransom

YourhealthNG2:
Bull must come ooh. Na the magnitude be the issue - is it mini, medium or large. Tinubu must shake body

That's a montly outlook on NSE, a second downward trend(1st graph) and falling interesting on the 3rd graph. The daily and weekly chart shows interest obviously from q1 results and this looting going on. Other than that, the market is not (unfortunately) pricing Tinubu, yet.

Personally, once I'm done with my skimming, I'd hold all my loot and look for direction from Tinubu(for now). May has 28 days till swearing in. Possibilities are not out of context though.

YourhealthNG2:
A beg, Tinubu's inauguration should shake the market with small bull. It's highly needed

Bull from where? With Subsidy back and no clear cut on phasing it out and clash of interest in PIB.

Ote$ saw that and halted business in Forte Oil(subsidy removal), now Adorva already delisting..
Oando packed up. Japaul migrated to gold.

It's had to tell what sector would be seeing this bull, but I cannot be 100%

So Tony has money to buy Ote$ shares at #12? Hmm, interesting.

Clearly, Ote$ doesn't know what to do with the money raised from GEREGu. Too much money

Let the corruption go round...

locodemy:
https://doclib.ngxgroup.com/Financial_NewsDocs/38356_GEREGU_POWER_PLC-_QUARTER_1_-_FINANCIAL_STATEMENT_FOR_2023_FINANCIAL_STATEMENTS_APRIL_2023.pdf

How and why did they value this stock so high?

🤣

yMcy56:
ACCESS
Some guys or some entities are busy selling their stakes here.....
What's their mission?
We don't know yet!

Access is not supposed to be selling below N12 by now....... something strange is happening here.......quite a large volume exchanging hands.....looks like some big guys are taking position here ...

In another news, NAHCO arrived KM 12......

Peter E Ku Market o.
CP E Ku Market.

TRANSCORP still getting lots of attention as at now.........N2.12B done in transactions so far .....

Where's all that Access Bank money going to? 🤔

OBAGADAFFI:
Tony H.Holdings doing well o

A roughly above 2.5 avg.

robobo:
My take is that having seen what happen in FBNH and Transcorp (of which he is directly impacted), he would adjust on UBA for teh following reasons

1. Because that is his crown jewel (and his financing arm i.e lifeblood)
2. Otedola shaking him might be a childplay if bigger moneybag (local / foreign) smells blood that there is probability of wrestling some of his coy from him.
3. In most, if not all his companies he is a single largest shareholder and not the majority shareholder. there is a large difference between the two.

Oh well, let him choose between making more money and get relegated at the table or do the needful and own his space. Time is ticking.

It seems everyone brought their thinking cap to the market this morning except for
HONYFLOUR?? 🤔

robobo:
TOE consolidates

Is the party / rally (of bid war) over

So he has the "ways and means" to take Transcorp to 2.45 but held it down for this long. Already some introspection going on at the start of trade. Let's see what comes in at noon.

locodemy:
Chai if not delisting, while Transcorp will be running, oando will be galloping like horse.

They no do well for shareholders at all.

Honestly. The Energy shift is going to be interesting.

Oando is taking delivery of EV buses today for Lagos mass transit.
They should come and settle us oh...

OakPearl:
Following the banking scare created yet again by this news I reported earlier about First Republic Bank, get set to ride the crypto stocks once again.
The logic is very simple: Every bad news in the traditional banking sector is good news for crypto currency because they are direct rivals always dividing the attention of depositors on where best to safeguard their money with increasing value.
And to add credence to my suggestion, as expected Bitcoin has jumped from $27,000 to over $29,000, gaining more than $2,600 over night.

I will be swing trading these stocks.
Their closing prices yesterday are as listed.

MARA $8.99
RIOT $10.71
CLSK $3.67
BTBT $1.64

This is only my opinion and not an investment advice. (Regulatory requirement)
Do your due diligence.

That monthly chart on btc looks enticing. But let me ride the week first

onegentleguy:
I
I also feel that a UBA run when it begins might see it push to near N15.
Again, just a feeling... could be just a mere excitement after receiving my small (minimum wage) salary yesterday... and the fact that I didn't exhaust it all in servicing my already accumulated monthly debt.
May God help us!

It is well.

Can we subscribe to Sentimental analysis on UBA ?

Princkez:
HONYFLOUR...

From TA.
There has been massive interest in this stock in the last 4 trading days. Today and yesterday came in with full bids and springing interest. There's no news whatsoever.

ositadima1:
This situation will have a ripple effect on the stock market. Most companies will experience a reduction in revenue, as increasing prices mean less sales, while some companies may experience an increase in profit-to-revenue margins as they adjust their prices to reflect changes in the economy. Many companies will see their Profit After Tax (PAT) reduced, which will be bad for investors. What do you think? Where is Oga Oracle, we need you to advise us on what to do next.

This is terrible. Honestly, banking stocks are the only defensive stock we have in the Nigerian market.

Good morning and welcome to a new week bosses!!

In other news, keyword Amazing Future Potential
.

Happy investing people!!

Due diligence is also advised

twosquare:
FRC stocks gained 12.20% today...let's see if it has been a good investment...bought at $14, price is now $16... arms crossed.

I hope you sold it off at 16, cuz it was never a good idea holding for the announcement of earnings today which turns out to be horrible.

But still be on the lookout. Momentarily hiccups though.

Lion123:
https://doclib.ngxgroup.com/Financial_NewsDocs/38276_TRANSNATIONAL_CORPORATION_PLC-TRANSNATIONAL_CORPORATION_PLC_ANNOUNCEMENT_CORPORATE_ACTIONS_APRIL_2023.pdf

Ok. Let me secure my shares before I make it official(That's what Uncle T just did). Throwing "Africaptalism" up and down. He should be making that deal with AFDB for 246 per share and not Geregu if he really cared about improving Shareholders stake.
We can only wait.

Wow. Everyone just securing economic buffer for the incoming winds.