This 10% is getting me mad o.

See as I sold caverton I have been buying since btw 2.50 -2.60.

I never know the 10% will come in a sudden way.Before I could cancel the sell order which I placed upfront at 2.82,everything is executed.

Now caverton on full bid.......oh my God.

I have shifted my goal post for Afriprud to #5.5 and might still shift it over and over

Stock with new 52 week lows
NCR #2.70k
Stocks with new 52 week highs
APR #5.12k
Aiico #0.90k
Prestige assurance #0.61k

locodemy:
This 10% is getting me mad o.

See as I sold caverton I have been buying since btw 2.50 -2.60.

I never know the 10% will come in a sudden way.Before I could cancel the sell order which I placed upfront at 2.82,everything is executed.

Now caverton on full bid.......oh my God.

na so e de bee naw
Take heart..

Calebbold:


The new rule says 30th of January for unaudited result and 31th of march for audited result. I think they have already flouted the rule.

@ Sir Rebakah is right !!
The point is; Since they(LARFAGE WAPCO in this case) did not put out any unaudited report before the 31st of Jan, then they must come up with the audited result on or before the the end of February 2020 !!
Had they declared the unaudited report in Jan, they would have been allowed the luxury of time until March 31st for the audited FP.
The same also applies for other quoted coys.

That's what the rule interprets.

Hope its clearer now.

onegentleguy:
If I were an investor, I will ACCUMULATE the likes of ZENITH, FCMB, FBNH, FIDELITY, UBA, ETI, UACN and DANGOTE SUGAR @ their current mkt price like there is no tomorrow !!

The coys I also mentioned ealier are also WORTHY of consideration, particularly LARFAGE WAPCO, CAVERTON and AIICO.
AIICO' last financial print, especially some lines in its NTS is saying something to the discerning minds.

If u know, u know !!

My problem with AIICO is proposed fundraising.

OBAGADAFFI:


My problem with AIICO is proposed fundraising.

Go and read thru the NTS from its recent FP.
...pls take ur time to thoroughly digest through the lines therein, and yee shall find a few good reasons to 'embrace' AIICO !!

NOTE: Still NOT a recommendation.

onegentleguy:


@ Sir Rebakah is right !!
The point is; Since they(LARFAGE WAPCO in this case) did not put out any unaudited report before the 31th of Jan, then they must come with the audited result on or before the the end of February 2020 !!
The same also applies for other quoted coys.

Hope its clearer now.

Yesterday i dreamt WAPCO dropped a BANGER result.

But that is the key

OBAGADAFFI:


My problem with AIICO is proposed fundraising.

ndidigood:
na so e de bee naw
Take heart..

Na waoh.Not even a unit is remaining.

Did they released any result or insider trading?

onegentleguy:


Go and read thru the NTS from its recent FP.
...pls take ur time to thoroughly digest through the the lines therein, and yee shall find a few good reasons to 'embrace' AIICO !!

NOTE: Still NOT a recommendation.

Well, AIICO closed on Full-bid.

https://nairametrics.com/2020/02/09/deal-aiico-receives-n5-3-billion-investment-from-leap-frog/

locodemy:
This 10% is getting me mad o.

See as I sold caverton I have been buying since btw 2.50 -2.60.

I never know the 10% will come in a sudden way.Before I could cancel the sell order which I placed upfront at 2.82,everything is executed.

Now caverton on full bid.......oh my God.

You are still a LEARNER this JiJO business..Once you met your target no regret and no looking back else you may turn to a PILLAR of SALT.

2moro CARVETON might open on FULL OFFER.

*ThE OcToPuS*

PETERiCHY:


You are still a LEARNER this JiJO business..Once you met your target no regret and no looking back else you may turn to a PILLAR of SALT.

2moro CARVETON might open on FULL OFFER.

*ThE OcToPuS*

The volume traded today is unusual.Illiquid stock traded over 13m units on the floor.It signals strength.

PETERiCHY:
Yesterday i dreamt WAPCO dropped a BANGER result.

Dream analysis. Well done sir.
Yayira see your new club member, ensure he pays membership fee from his loot.

OBAGADAFFI:


Well, AIICO closed on Full-bid.

https://nairametrics.com/2020/02/09/deal-aiico-receives-n5-3-billion-investment-from-leap-frog/

Ur a smart fellow.
...but this is just one of it.(NTS line in view)
With that though, it makes sense to expect that the said rights issue(which some folks had reservations for, including u) may likely be priced @ a premium to or equivalent to N1.20
The leap frog PE guys are not fools u know. The fund is still hot in there, if u know what I mean.

Again, when u read through certain lines from the NTS, estimate and extrapolate figures, u'll find that there's really no need for the proposed rights.(ditto EM, COMBINED RATIO, SHAREHOLDERS FUND...)
There's a craft to take away from the impatient ones.
We understand these things.

It is well.

What happened in Caverton today? Is that a sign of great things to come? Over 13million units sold.

Result is likely out and may be juicy too.

Where is Oracle and his bear gang
The bull gang seems to be in full force today

Oga OGG, These people will have seats on the Board and will be entitled to so many freebies, same cannot be said of me ooo that just wants to have small shares in the company. To be honest the outstanding shares will become bogus and the EPS will not be anything to write home about.

onegentleguy:


Ur a smart fellow.
...but this is just one of it.(NTS lines in view)
With that though, it makes sense to expect that the said rights issue(which some folks had reservations for, including u) may likely be priced @ a premium to or equivalent to N1.20
The leapfrog PE guys are not fools u know. The fund is still hot in there, if u know what I mean.

Again, when u read through certain lines from the NTS, estimate and extrapolate figures, u'll find that there's really no need for the proposed rights.(ditto EM, COMBINED RATIO and SHAREHOLDERS FUND)
There's a craft to take away from the impatient ones.
We understand these things.

It is well.

locodemy:


Na waoh.Not even a unit is remaining.

Did they released any result or insider trading?

when UA loaded in some stock dont sell all at once
I have a target price written down on every stock l intend selling and l also review it
I have a target price for uba @8.5- 9
the day l told it got to #8.7 l sold in bits
Still monitoring it got to #9 l sold
Watching keenly it got to 9.10 l sold again
And greed set in
I said
" ebe ochanja di o tua kedu ka main market ga a di"
Ist week of Jan o
Uba don't tire naw
Selling in batches is best especially u guy that are loaded


Brood over it a bit and move on.

... edited.

PharmAlfred:
What happened in Caverton today? Is that a sign of great things to come? Over 13million units sold.

Result is likely out and may be juicy too.

People wey never do board meeting?

ndidigood:
na so e de bee naw
Take heart..

Bought 1.5m units of Caverton since last year and has tied my money down since then. Had to sell 500k units at a loss due to the frustration. Now i have made up my mind not to sell the rest until profit is made...

Mcy56:
I actually observed some pattern before close of biz Xtyday, but to be saying some things come dey fear me self, considering all the negative news surrounding the market and the fact that I'm not a TA or FA person. To cap it all, I don't even have some of those stocks i comment on. So no justification for my observation.
Saw aiico and carverton move earlier.......anyway good luck to those inside. If not yet in and you plan to enter, watch your entry price, na Wetin I go talk be that.
As for Dangsugar, I don't still trust the stock with the currentprice, maybe those planning to enter should watch out for bottom here before jumping in.......I may be very wrong.

Are we expecting goodies from the company? I sold the company at lost last two weeks after seeing NASCON result.

Coolcash1:


Bought 1.5m units of Caverton since last year and has tied my money down since then. Had to sell 500k units at a loss due to the frustration. Now i have made up my mind not to sell the rest until profit is made...

yes o
This is the season we all HV bn waiting for.

pluto09:

Where is Oracle and his bear gang
The bull gang seems to be in full force today

Oracle call was right on spot...
Dis period gives us time to load for another rally...
Cum Dividend...
Its earning season.... startin with UCAP....
March & April are historically bullish....
Lets hope for better days ahead....

locodemy:
This 10% is getting me mad o.

See as I sold caverton I have been buying since btw 2.50 -2.60.

I never know the 10% will come in a sudden way.Before I could cancel the sell order which I placed upfront at 2.82,everything is executed.

Now caverton on full bid.......oh my God.

Itchin fingers...
U for sell in tranches ...

If this market rally. Oracle is dead wrong.

If this market slump oracle is totally right,

Whether right or wrong , not my core, I have

my strategies for both, even in sideway/bear market Loco is still making 10%

Willie2015:


Oracle call was right on spot...
Dis period gives us time to load for another rally...
Cum Dividend...
Its earning season.... startin with UCAP....
March & April are historically bullish....
Lets hope for better days ahead....

sellydion:
If this market rally. Oracle is dead wrong.

If this market slump oracle is totally right,

Whether right or wrong , not my core, I have

my strategies for both, even in sideway/bear market Loco is still making 10%

That man must be stinking rich. Hmm, imagine making 10% of 20 mil every week. Another hostel loading for him.

OBAGADAFFI:


My problem with AIICO is proposed fundraising.

AIICO truly does not need the additional capital from the proposed rights issue. The latest unaudited fs for end of 2019 shows that they have the required N18 billion paid up capital as defined. However, most of those capital is in the life business. AIICO has a need to increase the capital for it's general insurance business to enable them to carry the risks of their generated non life business which they have been forced to re-insure over the years because of low capital. I speculate that is the need for the rights issue. I also speculate that they will help shareholders out to find the rights issue by doing a significant dividends this year. In effect, they are re-allocating capital from the life business to the non-life business and for those that re-invest the dividends in the rights issue, it will be like receiving bonus shares, save for the withholding tax.

Dupeodus:


AIICO truly does not need the additional capital from the proposed rights issue. The latest unaudited fs for end of 2019 shows that they have the required N18 billion paid up capital as defined. However, most of those capital is in the life business. AIICO has a need to increase the capital for it's general insurance business to enable them to carry the risks of their generated non life business which they have been forced to re-insure over the years because of low capital. I speculate that is the need for the rights issue. I also speculate that they will help shareholders out to find the rights issue by doing a significant dividends this year. In effect, they are re-allocating capital from the life business to the non-life business and for those that re-invest the dividends in the rights issue, it will be like receiving bonus shares, save for the withholding tax.

@Bolded contradicts your opening comment.

I have never seen any company that dilutes shareholding and raises money via rights issue for fun. The group needs the cash and they need it desperately too. Barring poor market conditions they would have done the RO last year. That is why in addition to PP and rights issue, they are also selling their AIICO PFA to a Merchant bank.

There is a world of difference between retained earnings and cash and so while all the accounting indices may be pointing to a healthy company, the guys are cash strapped.

That one about significant dividends to help people buy rights, i think its wishful thinking.

I will appreciate if my Ogas can explain the following concepts to me especially as each relates peculiarly to the NSE
a) market makers, their functions, advantages and disadvantages, are they enemies or friends of retail investors;
b)pre-market: the participants and its purpose and do they have more privileges than ordinary retailers
c) why does the sales engine close at 2.15pm yet you still see trades effected at 2.30pm
d) what real as opposed to theoretic protections do an ordinary investor has against loss of his money in a stockbroker account, especially a one-man controlled brokerage firm and
e) how do some traders use posting of huge bids or offers to manipulate price, assuming somebody call their bluff what will happen?
Thanks as you educate me.

[They are selling AIICO PFA. The wrong move in my view.quote author=TLAX post=86788245]

@Bolded contradicts your opening comment.

I have never seen any company that dilutes shareholding and raises money via rights issue for fun. The group needs the cash and they need it desperately too. Barring poor market conditions they would have done the RO last year. That is why in addition to PP and rights issue, they are also selling their AIICO PFA to a Merchant bank.

There is a world of difference between retained earnings and cash and so while all the accounting indices may be pointing to a healthy company, the guys are cash strapped.

That one about significant dividends to help people buy rights, i think its wishful thinking. [/quote]