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Nairaland Forum / Nairaland / General / Investment / Nigerian Stock Exchange Market Pick Alerts (11371799 Views)
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Re: Nigerian Stock Exchange Market Pick Alerts by Mankind2024: 5:39pm On May 27 |
Mankind2024: Back to the falling knife phenomenon. IB is likely to test sub N3.50 or less, by December 2024. if there is no turnaround after the current RI, then, potentially heading for DELISTMENT by 2028 or thereafter. The current RI is the 2nd in less than 5 years. The RI of 2019 Nov/December was a fantastic failure. International Breweries raised N164.39 billion through a rights issue of 18.266 billion ordinary shares of 50 kobo each at N9 per share. The said rights issue was pre-allotted on the basis of 17 new ordinary shares of 50 kobo each for every eight ordinary shares of 50 kobo each held as at the close of business on November 6, 2019. The Management claimed it was fully subscribed. To me, I'm of the opinion that some selfish people are in to acquire this Breweries at a give away price of Sub N1. A hidden agenda cannot be ruled out, anything is possible in Naija. NB still falling, may likely stop falling and breach the N30 by year ending, may recover fully from the phenomenon, earlier than predicted. Champion B may likely test sub N2 by year ending, potential delistment vs buy out. New owner vs conflicting state interest. Guiness is difficult to call, might delist if there is no turnaround, the management of the company is still in denial. It was rumoured in mid 2023 that the company was planning to exit the Nigerian Market. Time will surely tell if there is any incubating exit plan on their agenda. The falling 🔪 knives of the Breweries will surely present an opportunity for the most patient investors, maybe from 2030, if there is a turnaround, otherwise the Breweries would suffer the fate of what befell the construction industries in the 90s.
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Re: Nigerian Stock Exchange Market Pick Alerts by megawealth01: 5:54pm On May 27 |
Ginalex: It should soon |
Re: Nigerian Stock Exchange Market Pick Alerts by Laso09: 6:36pm On May 27 |
chillykelly86: The cbn has a general guildlines for all dmb with regards to dividend payment and does not single out an individual bank for restrictions. 3 Likes 1 Share
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Re: Nigerian Stock Exchange Market Pick Alerts by jadyclem(m): 8:39pm On May 27 |
Frangel: Thanks very much madam for the clarification. I appreciate. |
Re: Nigerian Stock Exchange Market Pick Alerts by jadyclem(m): 8:41pm On May 27 |
Streetinvestor2: Thanks oga. I've already gotten clarification on what to do. I appreciate the response |
Re: Nigerian Stock Exchange Market Pick Alerts by fabulousmann(f): 9:07pm On May 27 |
SonofElElyonRet:They do, just recently I was asked to provide one and he/she has to go to their bank for it. |
Re: Nigerian Stock Exchange Market Pick Alerts by Omooloriredade: 10:18pm On May 27 |
Mfunkynation: Yes, you can if there are sellers. Last time I checked on the OTC there were bids at 0.34 but no sellers. Pretty sure there are investors who won't be taking up their rights but who won't bother selling either. This is either because there's not much money to be made from selling them or because they don't know how to go about it. Please note that you are buying the RIGHT to acquire the shares of the company. You'd still need to pay for those shares at the price indicated on their prospectus. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by Omooloriredade: 10:38pm On May 27 |
Streetinvestor2: Chapel Hill Denham 1 Like
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Re: Nigerian Stock Exchange Market Pick Alerts by Omooloriredade: 10:40pm On May 27 |
Disclaimer - I don't hold any shares in IB and have no intention of doing so in the future. 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by sky2891: 4:03am On May 28 |
Please how true is this?
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Re: Nigerian Stock Exchange Market Pick Alerts by KarlTom: 6:16am On May 28 |
Seems the RI is only available OTC... Omooloriredade: |
Re: Nigerian Stock Exchange Market Pick Alerts by KarlTom: 6:24am On May 28 |
If true, it might be a cunning way to delist (without going through the court ordered meeting shenanigans) but it's a very bad precedent for other Nigerian firms... ![]() sky2891: |
Re: Nigerian Stock Exchange Market Pick Alerts by ZikkyChops(m): 7:04am On May 28 |
SonofElElyonRet:You never jammed GTi. Very useless Registrar. Don't want to pay outstanding dividends. |
Re: Nigerian Stock Exchange Market Pick Alerts by megawealth01: 8:15am On May 28 |
Re: Nigerian Stock Exchange Market Pick Alerts by SonofElElyonRet: 8:18am On May 28 |
fabulousmann: Don't know the ones you are talking about .. I dealt with unity, pace and apel capital registrars and they didn't request |
Re: Nigerian Stock Exchange Market Pick Alerts by SonofElElyonRet: 8:23am On May 28 |
sky2891: This is Johannesburg stick exchange if it's true. Saw Jse |
Re: Nigerian Stock Exchange Market Pick Alerts by Bizibi(m): 8:44am On May 28 |
EDUECO:It is disappointing..... thought they have changed their ways. |
Re: Nigerian Stock Exchange Market Pick Alerts by fabulousmann(f): 8:51am On May 28 |
SonofElElyonRet:Meristem, it’s for unclaimed dividends. When I confused on what they meant by bank’s confirmation of signature I emailed them back and they said I should go my bank. |
Re: Nigerian Stock Exchange Market Pick Alerts by KarlTom: 10:06am On May 28 |
Ding! ![]() ![]() 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by Princkez: 10:13am On May 28 |
If FBNH had paid #2+ dividend with this q1 eps of #5+...the stock could have been on serious bid.. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by Raider76: 10:17am On May 28 |
1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by KarlTom: 10:20am On May 28 |
Honestly Princkez: |
Re: Nigerian Stock Exchange Market Pick Alerts by KarlTom: 10:21am On May 28 |
Re: Nigerian Stock Exchange Market Pick Alerts by Princkez: 10:34am On May 28 |
DANGSUGAR on full bid..... |
Re: Nigerian Stock Exchange Market Pick Alerts by Princkez: 11:00am On May 28 |
Princkez:TRANSCORP also on full bid... |
Re: Nigerian Stock Exchange Market Pick Alerts by BullBearMkt(m): 11:06am On May 28 |
2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by KarlTom: 11:22am On May 28 |
Transcorp DIV ![]() |
Re: Nigerian Stock Exchange Market Pick Alerts by BabsO2(m): 11:24am On May 28 |
Princkez: Abi the dividend don land. I read AGM was done yesterday. |
Re: Nigerian Stock Exchange Market Pick Alerts by Mpeace(m): 11:28am On May 28 |
Nascon too on full bid. |
Re: Nigerian Stock Exchange Market Pick Alerts by Amaa2019(m): 11:35am On May 28 |
Abeg who is listening to this Wema Bank AGM. Abi, am I the only one yet to be allocated shares after the last right issue. |
Re: Nigerian Stock Exchange Market Pick Alerts by Princkez: 11:36am On May 28 |
BabsO2:just landed 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by thebargainhunte: 12:15pm On May 28 |
Transcorp div just landed ![]() ![]() ![]() 3 Likes |
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