@Pa Emma and Sir Agba, what are your final individual or personal opinions on the current rights issues by Nigerian banks? I personally believe that the rights issue is forceful, ill-timed, and poses a potential grave danger for banking stocks. Some of the anticipated concerns and dangers include:
- Dilution effects
- Over-concentration of banking stocks in the hands of elites
- Liquidity risk
- Low patronage of the NGX by foreign portfolio investors.
I would appreciate your thoughts on this matter.

Mankind2024:
https://www.thecable.ng/otedola-buys-dangote-cement-shares-company-now-worth-n9trn/amp/


https://punchng.com/dangote-cement-hits-n10tn-capitalisation/


https://www.tekedia.com/femi-otedola-explains-strategic-investment-in-dangote-cement/

His entry price was undisclosed, could be in the range of N510 to N560
Can't recalled.

Thanks

Mankind2024:
@Pa Emma and Sir Agba, what are your final individual or personal opinions on the current rights issues by Nigerian banks? I personally believe that the rights issue is forceful, ill-timed, and poses a potential grave danger for banking stocks. Some of the anticipated concerns and dangers include:
- Dilution effects
- Over-concentration of banking stocks in the hands of elites
- Liquidity risk
- Low patronage of the NGX by foreign portfolio investors.
I would appreciate your thoughts on this matter.

I am not buying. I expect the price of banking stocks to crash by first quarter of 2025.

I will then buy on the floor.


Banks will still do well and are currently cheap but can be cheaper.


My opinion though

emmanuelewumi:



You can then use the return from the investments made to

1. Upgrade your lifestyle
2. Marry a second wife if that is your wish
3. Paint the town red
4. Change your car
5. Get that chieftaincy title
6. Go to Jerusalem or Mecca.
7. Have that vacation you been dreaming off
8. Pepper your enemies

As much as possible make sure you don't touch the capital, rather you are growing and compounding it

Thank you for your humble opinion. I share the same opinion.

emmanuelewumi:



I am not buying. I expect the price of banking stocks to crash by first quarter of 2025.

I will then buy on the floor.


Banks will still do well and are currently cheap but can be cheaper.


My opinion though