₦airaland Forum

yMcy56:
Good thoughts!

In February 20 when Zagee made below post, I just said OK.
Geregu was selling at around 224 that time; moved up to 325 thereafter.........and later settled @323....
Funny enough, I told someone that I had the gut feelings it would touch 300 when it was trading at below 200, when I later saw the post I just laughed. Thank God it didn't go sideways, I for hear am...

...and this was me 2 days later. That goal post I have scored a 340% capital growth + dividend. And I have exited. Except, some long term institution is coming to buy at 300 no wahala.

Geregu drops the cherry on the ice-cream
.

Thank you oh

naturalflow:
geregu dividend just landed.That is it!even when NSE mark you down,you mark yourself up!just dey go 500.

Nice. Some hope

Proposed Excise duty Suspension (beer....)

Energy stock to watch ahead of the Oil cut

OXY (if you don't like volatility and enjoy dividend)

REI
NGL

Not a form of recommendation, due diligence is advised.

....

zrocky:
that's the school account details. Message the school for swift and IBAN number, go yo your bank and initiate the transaction

Thanks for this information.

RabbiDoracle:
Also in the news today:

-RUSSIA'S DEPUTY PM NOVAK: RUSSIA to implement voluntary cut in oil production by 500,000 BPD till the end of 2023

-SAUDI ARABIA will reduce its oil production by 500K BARRELS PER DAY, starting from May until the end of 2023 - STATE MEDIA

-UAE to lower oil production voluntarily by 144,000 BPD starting from May to end of 2023 - MINISTER

-OMAN to reduce oil production voluntarily by 40K BPD starting from May to end of 2023 - MINISTRY

-KUWAIT to voluntarily cut oil production by 128K BPD starting from May to end of 2023 - MINISTER

-IRAQ decides to start a voluntary oil production cut of 211,000 BARREL PER DAY as of from May to end of 2023 - OIL MINISTRY

After currency wars, now Oil war has started.

Only US get this attack!!!
Let me go and find one small energy stock abeg..

But on the other side, this will hurt Nigerians more except the needful is done especially with the May deadline on Subsidy.
God abego...

Goodmorning....

zrocky:
if ita school registration fees. You should be able to pay from your bank in Nigeria or using your card

This is all I got. Not sure how to initiate payment.

onegentleguy:
The reason for the low trading vol can not be unconnected to the relatively minot unit in free float that's currently in the hands of minority holders.

For emphasis; minority investors hold just 3.18% of total OS... an equivalent of approx 854.2M unit out of over 26.86B.

Analysis of the share structure shows that KEY holders (foreign & institutional investors alike) have mostly increased their stake in the last 3-5 years.
...they aren't selling.

We can only hope to buy more from the 3.18% minority.
Let the price drop!

Revealing

onegentleguy:
Regards

On IB. Based on TA, for a stock that seems to be churning out losses, its really not getting the beating it requires(WHY?). Nobody's dropping off significant volumes. Infact the only major drop came few weeks ago on the weekly chart, yet interest on the stock has been picking up. Whatever it is. Time will reveal.

If you ask me, I'll be personally pessimistic about this stock while holding it. (what should we call this kind of psychological reasoning now?)

On significant price drop, I doubt that.

yMcy56:
Morgan is back!

Can only stare at the trades. Nothing else

Modified: up now

We will have to go to court for Morgan Capital

zrocky:
Krakow is 2 hour from wroclaw if you can come I can connect you to some movie gigs as part time hustle

I'm trying to make registration payments. Any idea how to do that cuz I only got a bunch of numbers and the school name??

onegentleguy:
Honestly, that N7.07 MTO peg from OANDO is quite unfair.
Someone said the last right issue on the coy was at N22 in 2014.
...and after nearly a decade, OANDO is now proposing to pay just 32% of that amount.
That's ridiculous!

Value destruction at its peak.
...it's very unfortunate!
Shareholders should come together and resist that offer, so they'll up that peg... otherwise they join them in going private.
I think the "drivers" of OANDO may be...
N10 is even a bit too small.

I feel for previous long term holders of the stock.

Capitalist drive-bye on shareholders. If they can get more, they should resist!

Capitalist manoeuvre!!

beejay1:
OandO at it again o.
Full bid on the stock at the moment.
Stock to go private after buying off minority shareholders at N7.07, subject to court approval.
So what will happen to those who bought at N30?

https://doclib.ngxgroup.com/Financial_NewsDocs/37954_OANDO_PLC-OANDO_PLC__CORPORATE_ACTIONS_MARCH_2023.pdf

Hehehe. I had this thought yesterday owing to the fact that they have sold off their positions in the downstream sector to NNPC in 2022 through a third party.(hence they have enough cash at hand).
Oh well sorry for people who bought above 7 naira.

As for me, I might have closed another deal 🤝

onegentleguy:
This things happen my dear, so nothing to fret about.
...they are a part of the risk factors that can impact the life circle of an asset/company and oftentimes even unexpectedly.
Though it followed a defined pattern, no one expected the debt crisis in Ghana to escalate to these levels.

That said, it isn't a problem.
It's largely a one-off kind of situation and NOTHING that ZENITH BANK can not handle!

This sought of things only present a opportunity for descending investors.
Opportunities might turn up in some banks in the course of time.
Our duty is to be ready so as tap from them whey they come.

That's it!!

yMcy56:
FA on Transcorp is fantastic I think......from my newbie's angle....
Check TA and get back too.


I'm another news, the 5.5M mountain of offers in ZENITH @26 will likely still be dismantled.,..

Transcorp is certainly in bull territory. The last time we had this spike we hit 2. We can only wait for whatever is driving the market. Jijoist can play around, but me I bought these 100 units for keep sha

we can say the volume is not there, but still, interest persists.

As for Zenith, definitely breaking 26. Expecting 31 on a monthly high. How soon? I leave it to the market.

yMcy56:
I've been watching it since Monday o.
The guys picking are not on queue at all......just picking from the background.

I just didnt mention it cos of the ridiculous dividend they used to pay.
It's now @N1.50 anyway......

After dividend declaration we'll know what's up........maybe the Northwards journey already commenced or some guys are playing their usual pump & dump game.

Turning on my TA on them sha..

onegentleguy:
The company appears to have turned the corner... after transitioning from a loss position of over N141B in 2020 to a positive NPM in Q4, 2021.

They said majority of that loss came from settling stakeholders. As for their downstream activities, I wonder what they're into though as they have mostly sold out their positions on retail outlets through OVH to NNPC. It'll be nice to have more info on their downstream assests.

Access bank had network issues yesterday, I'd advice you check your app for any inflow. Cuz I had a transaction, didn't get any alert until I logged in.

yMcy56:
TRANSCORP
@Locodemy where are you?

You seem am too

YoungBuffet:
I sold my 100k units then about 7yrs ago when the price was still high, their constant coming out for right issue was a red flag for me and thank God I took the decision. My colleague later bought behind me at 10 naira then and JAT showed him shege I think he sold for 5naira. I will rather buy NPFmfb wt all my money than oando

Timely move. Can lightning strike twice?

Oando dropping gist back to back .
Awaiting 2022 hopefully soon.

Impressive run on the downstream sector.

I like what they are all saying. They say "the taste is always in the pudding" . We can only wait to find out

O and O can you just land already?

debostar:
Does anyone know when Zenith banks and GTB will be paying their dividends?By the is time last year ,they have paid.

GTco shift the goal post for the publishing of AFS until after the 31st.

Zenith looks like they'll maintain the publication on or before 31st.

Waiting game..

Strictly gambling on FRC with few units based on technicals and gut feelings.

Why are Chinese stocks up though? The parley btw China and the Saudis

Interesting what can come off from Transcorp with the new bill on power!

It's going to be a long week for Bitcoin stocks...

YoungBuffet:
all the 3 major candidates agreed to remove fuel subsidy, PH refinery will be working soon and if dangote refinery comes on board i believe there will be less pressure on fx demand and gradually things will take shape. There will likely be increase in social spending in all ramifications and i expect the health sector, construction sector, the transportation sector, the agricultural sector, the fintech and power sector to benefits greatly from this. We would have around 4trilion naira that would be on social spending. Though at first it may be hard but as time goes on thing will get shape. Am of the opinion that the subsidy should be removed but all our refinery should be working to complement that of Dangote

I don't hold any grudge as to the removal of subsidy. It's just this anyhow approach to governance when it comes to Nigeria.