₦airaland Forum

My brother I wont lie to you.
some people (probably an institutional investor or large shareholders)are seriously offloading the stock codingly. Only God knows they volume of the stock they possess.
I dont want to create fear sha. lemme just stop here.
This same thing is happening in UCAP.

afo7219:
your reasons pls

transcorp is the biggest scam on the NSE!

Atall!!!!
Tnk God it is almost over.

fxuser:
- Never a fan of long public holidays
- I hope d bears and bulls had enuf rest !

I may be there. Hope it worth the time.

PharmAlfred:
So who else is attending the Tiameetup this week Friday?
We could get to meet.

Thank you for this piece.

Considering that the public holds around 1.2% of the shares, what is the maximum change in price they (public) can
bring about on the stock?
Correct me sir if I am wrong. People that are allowed to hold around 1.2% of a stock should have a limited power in influencing the stock price.

omaojo1:
I know you're asking this question because of the holding analysed below.




For a company to be listed on our bourse, it is required to have a free float of 20%. So at least 20% is the volume that must be available for the public.

However, the Exchange tweaked that requirement to serve an interest by creating what they called the premium board. With the premium board, value is used to determine the free float and it is just 40 billion naira.

The foregoing means that at 200 naira per share, Aliko is only required to make 200 million shares available to the public. With an outstanding shares of 17,040,507,405, only 1.2% is available to the public. Keep in mind the percentage is price dependent and will shrink if the price goes up and vice versa.

What this technically means is that he can take out every other shareholder and leave the Dubai fund and he'll still be within regulation.

Happy several new years to you guys.

How is this possible?
For a company to be listed on the NSE it must maintain a free float of nothing less than 20%.

emmanuelewumi:
No sir, just surprised that 23 insiders own 98.2% of largest company on the Nigeria Stock Exchange

Why wasn't she buried in her husband's place? Why her father's house when she's married?

So UBA's last minute Tai-Chi yesterday was just a facade?
Things de happen o!

When exiting a position, do so gradually inorder not to scare the market.

Week1?

fxuser:
Pull back continues
Fear is far more powerful than greed , prices fall faster than they rise .
We have to be patient with the bearish pull back and let dem do their work so we can get good entries.
This is just week 1 bearish pull back.

Na so we see am o.
The most painful is that NSE stocks are more southbound than northbound. The ratio is more than 4:1

wickyyolo:
WTF. Really ? I will stick to american stocks

NSE should have developed shorting of stocks by now.
This country is so outdated!

Thanks sir.

DOLLARTEX:
Just type globalX nigeria on google,you will get the full list from there.

Pls who can provide me a list of all the NSE stocks contained on the MSCI plz. Wasn't able to find the full list on net.

"While betting on horse race, I let the late bettors show me the horse to bet on. They place their bet very late, few seconds before the start of the race with very huge money and they have never been wrong"

Bobby Axelrod.

Be very very impatient with a loosing trade!

Brokers are wicked. They take commission even when we sell at a loss.
Dem no dey pity peson

Lol.. I no wan Laff abeg, I dey vex.

locodemy:
Chai see as i carry my skye bank loot go put for ocean.
i don sell dog go buy monkey o.
God help me o.
Diamond i bought yesterday @ 1.22 hoping that opportunity don show is now 1.14.
Hot shit don begin worry me.

Rights issue makes it a No No for traders, unless you plan to buy sometime after the Rights issue has taken the stock to a very low depth.

Opinion of a Newbie sha.

locodemy:
There is one stock in the insurance sector called WAPIC.I have been watching the stock in both technicals and fundamentals.It is one of the stocks FXUSER mapped out as JUJU stocks of the year.Looking at it,its like the stock will do well in price in the short/medium term.

What i want to find out from the gurus in the house about this stock is this;
The stock has over 13B OS and planning to raise 10B naira in right issue.

-Will this news be positive to investors?
-What is the assurance this stock will not go for reconstructions pre or post right issue.
-Is there any evidence the company will improve in both top and bottom lines?
-Will the company likely push the price further before the right issue?

Pls my brothers,i will like to hear a recommendations/criticisms in this mentioned stock.
Thanks.

How did you arrive at N65?

currentprice:
good result

N65 fair value.

I am buying this stock 2morrow

Someone will just wake up concote rubbish about what he knows nothing about!

ANIOMA IS NOT A MINORITY!!! ANIOMA IS IGBO!!
If ANIOMA is ethnic group,then ijebu too is an ethnic group different from Yoruba!

These are just temporal pullbacks.
Find a good stock and sail it all the way.

On all its potentials, these people no wan price ucap well.

Pls is pre-market trading only for market makers?

fxuser:
- 8m traded vol pre-mkt
- this market maker is cooking beans
-

Mehn!!! Some people took their loot very early and everybody panicked

Princkez:
May & baker fuel has finished...it really tried

But they(CEO's) cant take decisions like this without the approval of their shareholders.

stcool:
This is excatly my anger with most of this CEO'S, investors go through hell with them and when light starts to show up they start unbundling the company gradually for their selfish benefits. Leaving the empty can to small investors.

Look at what WALE is doing @Oando after raising so much from investors he keeps diluting their shares and divesting major revenue generating businesses. Why on earth would Oando divest its downstream assets to Helios

The least I expected them to do was sell to existing shareholders at the same price Helios was willing to pay, and list it as a separate entity on the stock exchange. You can't quantify what Oando share holders has gone through in the last 5 years.

If Tony is towing the same line, time will tell.

If the dumping theory happens to be untrue then there is no cause for alarm as this will only be an expected retracement towards the trend line but if the theory is true
...mehn. *runs out of thread*

jamace:
At least, it is not yet a DRY BONE.

Wow. There is a high chance that you are right.
I suspected that during the dumping around N1.24 some weeks ago but discarded the idea when it hit N2.0

BMZK:
Instead of guys to dump, you are still asking questions. They used propaganda to attract JJC innocent investors so that they can bail out.

None that I know of Bro.
If you can sell above 1.80 to re-enter below 1.75 it would be a nice move (provided there is no bad news in the pipeline).

My opinion though.

moseys2003:
Any news? should we sell?

Is there any news behind this sudden dumping of Transcorp?

Same here. Hope it won't worsen.

BMZK:
Am i the only one experiencing issues with Morgan platform ? It keeps on disconnecting from NSE making if difficult to refresh.

Ok, the holding company.
Thanks, it looks good

OBAGADAFFI:
It is not Ecobank Nigeria.

ECOBANK TRANSNATIONAL INCORPORATED.