thebargainhunte:


It is not to their disfavour, rather to trader's disfavour. Traders would have be the one dictating the direction of those big caps if they apply 5k units threshold. Traders avoid MTN and Dangcem even with high OS.

On point.
Cuz with the buzz of to-be-listed Aradel, pending acquisitions, rumours of more IOC diversification and subsequent acquisitions by indigenous firms, movement spree of classmate O&O, current trends surrounding crude availability & Dang Refinery, etc .....
There nothing stopping it having a strong sentimental-contagion effect; driving it to at least 6-7k, if more traders and even some investors were given the muzzle power far less than 100k.😁
unlike NASD..

Meaning price is dictated by the books:
-If share price go down significantly means the books are down
-if share price go up significantly means the books are up.

No inbetweens

Sunrisepebble:
What is the reason behind the 100k rule? Was there a particular incident or what are NGX trying to avoid. Honestly, the NASD method of using a Volume Weighted Average Price reflects demand and supply dynamics better in terms of price movement

I believe it was a reaction to events leading up to and after 2008 financial crisis. The market rallied so fast just before 2008 that many people rushed in with all their money and were crushed when the market tanked just as fast. The ease of price movements was identified as one of the factors, and so the threshold was raised.

Unity Bank restores service, begins duty collection

https://punchng.com/unity-bank-restores-service-begins-duty-collection-2/?utm_source=auto-read-also&utm_medium=web

chimex38:

For them to go as far as 100% sale, I believe no other reason than to meet Capitalization requirements for FBN

Change of name soon for the acquired entity..

Does this +vely or -vely affect FBNH?
I hope we find out how much the deal is worth.

Harvestock01:


This same EverCorp?

https://www.premiumtimesng.com/tag/evercorp-industries-limited

You mean Enjoycorp rather? Are both same and related to champion breweries?

Tinubu To Nigerians: Fuel Price Hike Inevitable 

https://www.thisdaylive.com/index.php/2024/09/06/tinubu-to-nigerians-fuel-price-hike-inevitable/

2zona:


You mean Enjoycorp rather? Are both same and related to champion breweries?

Owned by the same person.

Why is Universal Insurance PLC Stock Price falling. It has been dropping for days now.

What could be the reason... Can somebody tell me pls because I want to buy like 10million units of Univinsure.

currentprice:
thank God the stock fly 10% without mentioning it here so if price do well going forward no one will accuse Currentprice of Monkeyhunting

that to say whether I mention stock here or not. market will do needful for the good undervalued stock

bedsheet just like to do it work here

waiting to see Q3 sha

Oga CP

Please what is BedSheet saying about PRESTIGE ASSURANCE?

Thanks Big Boss.

aj8:
@yak follow up on my last suggestion…
Eterna's support based on my analysis of her volume-price dissociation is approximately 21.00. Will definitely do well based on last quarter's print. I will be picking up more should it dip to this price. If not confident sell off about half your holding when it strikes your 28. There may be a slight resistance there before it resumes the climb.

Please sir , what is the COMMON SENSE ENTRY POINT for PRESTIGE ASSURANCE?

Thanks baba

designking:
Why is Universal Insurance PLC Stock Price falling. It has been dropping for days now.

What could be the reason... Can somebody tell me pls because I want to buy like 10million units of Univinsure.

Are u talking about a stock that has gained over 23% this month?.

I hope you do not expect a stock to keep rising without profit taking.

From 28k and now 37k doesn't look like a drop to me.
If you mean the past few days, say the past 1 week, it has been between 34k and 37k and it closed yesterday at the highest price for the day
Pls check well

currentprice:
thank God the stock fly 10% without mentioning it here so if price do well going forward no one will accuse Currentprice of Monkeyhunting

that to say whether I mention stock here or not. market will do needful for the good undervalued stock

bedsheet just like to do it work here

waiting to see Q3 sha

2 stock meet the criteria...Flourmill & Transcorp.

But since the first one is out of the equation...then TRANSCORP it is in my opinion

sky2891:

Does this +vely or -vely affect FBNH?
I hope we find out how much the deal is worth.

I think positive:
Reason. I think:
1)The profitability of fbnquest is just about 5% of FBNH, so less impact on their financials.(nairametrics)
2) Depending on the acquisition figure, they would require less capital requirements when they come to NGX floor, which may be easily subscribed too especially given that most banks already on Right issue and public offer now will already be out of the market by then.

3)less capital requirement means less dilution of Shareholders fund..
Just thinking...

stcool:


2 stock meet the criteria...Flourmill & Transcorp.

But since the first one is out of the equation...then TRANSCORP it is in my opinion

Someone has used forensic analysis to decode it already and Current price has acknowledged it..re-check precious pages.

Besides, Transcorp isn't in the same Industry with the clue Current price earlier gave.

Harvestock01:


This same EverCorp?

https://www.premiumtimesng.com/tag/evercorp-industries-limited

2zona:


You mean Enjoycorp rather? Are both same and related to champion breweries?

Evercorp Industries be like Dangote industries while Enjoycorp be like Dangote Sugar.

EnjoyCorp aquired Champion Breweries(Major stake)
As Dangote Sugar acquired Savannah Sugar years back..

Now Evercorp Industries +Custodian +Aion Investments teamed up to acquire Fbnquest merchant bank under a new entity:
Evercorp Acquisitions LLP

President Tinubu Meets With Nigerians Living In China


https://www.youtube.com/watch?v=oAV4PlqAYH4?si=cxDQEcRKIuFiZLEY

megawealth01:
President Tinubu Meets With Nigerians Living In China


https://www.youtube.com/watch?v=oAV4PlqAYH4?si=cxDQEcRKIuFiZLEY

Hopefully China will come to Bulaba rescue

Okomu Owners. https://x.com/morris_monye/status/1832283108114108565?s=46

Raider76:


Regulatory changes are very slow in the NGX. They have been talking about changing this 100k unit single trade for more than 5 years.

But there was a time it was 10k units for stocks above N1000 and 50k units for stocks above N100 and 100k units for stocks below N100.

currentprice:
anyway my Oga Bullbears have reveal it already, today

Since I entered UAC when oga BBM hinted its traders could double their capital on it, I haven't left it.

Been away for a while.

Good to be back to see my old stock in your reputed Bedsheet call

Abeg, I go like learn from you o
I am a patient investor like oga Agba too.

Cheers

NSEstudent:


Since I entered UAC when oga BBM hinted its traders could double their capital on it, I haven't left it.

Been away for a while.

Good to be back to see my old stock in your reputed Bedsheet call

Abeg, I go like learn from you o
I am a patient investor like oga Agba too.

Cheers

Lol, it is of no use to you. You'd better keep to collecting picks or what Streetinvestor calls the sheep crowd. If it was in your nature, you would have started doing it already. It is not easy and requires a lot of boring work and dedication.

ositadima1:


Lol, it is of no use to you. You'd better keep to collecting picks or what Streetinvestor calls the sheep crowd. If it was in your nature, you would have started doing it already. It is not easy and requires a lot of boring work and dedication.

Well, I am not particularly a novice. When I entered UAC on BBM's call, I had to review his charts too.

I learnt to interpret candlesticks from Steve Nison's "Japanese Candlestick Charting Techniques".

But it never hurts to pick one's superiors' brains and thought processes on some of these things. Oga CP is good and yea, I would like to learn from him.

NSEstudent:


Well, I am not particularly a novice. When I entered UAC on BBM's call, I had to review his charts too.

I learnt to interpret candlesticks from Steve Nison's "Japanese Candlestick Charting Techniques".

But it never hurts to pick one's superiors' brains and thought processes on some of these things. Oga CP is good and yea, I would like to learn from him.

Ok, good.

Which stock will likely grow like Oando soon?

Oando has been a phenomenal stock... There no any other stock with Oando kind of movement waiting to explode?

designking:
Which stock will likely grow like Oando soon?

Oando has been a phenomenal stock... There no any other stock with Oando kind of movement waiting to explode?

Yes o
Very important Kwesion

designking:
Which stock will likely grow like Oando soon?

Oando has been a phenomenal stock... There no any other stock with Oando kind of movement waiting to explode?

Remember Oando was stagnant for some years before it started to rise.
If you can invest and wait for some time like Oando did, then consider International Breweries. It is also experiencing some difficulty and undergoing some restructuring. The turnaround time may come sooner or later. It was selling at N45 few years ago but now selling at around N4.
Someody also mentioned Unity Bank which is selling at N1.5 and under technical suspension.
Honeywell Flour Mills is another case . Its parent company (Flour Mills) is currently restructuring the company. Once this is completed, synergy and cost efficiency will lead to better performance and higher value.

Greetings, mikeapollo.
Please what is the nature of the court case coming up in October, if still any ? Is it still of any threat or serious risk to Oandites, in your opinion?

https://tribuneonlineng.com/lokpobiri-charges-oando-to-target-ioc-status/

mikeapollo:


Remember Oando was stagnant for some years before it started to rise.
If you can invest and wait for some time like Oando did, then consider International Breweries. It is also experiencing some difficulty and undergoing some restructuring. The turnaround time may come sooner or later. It was selling at N45 few years ago but now selling at around N4.
Someody also mentioned Unity Bank which is selling at N1.5 and under technical suspension.
Honeywell Flour Mills is another case . Its parent company (Flour Mills) is currently restructuring the company. Once this is completed, synergy and cost efficiency will lead to better performance and higher value.

Thanks!

VFD Group: Our Position on NASD PLC’s Performance and Upcoming 11th Annual General Meeting (AGM)

https://proshare.co/articles/vfd-group-our-position-on-nasd-plcs-performance-and-upcoming-11th-annual-general-meeting-agm?menu=Market&classification=Read&category=Unlisted%20OTC%20MARKET

Is something brewing in VFD? They have been quiet all along, and it is a big conglomerate to ignore, with their impressive H1 net profit result.

We are waiting...

currentprice:
anyway my Oga Bullbears have reveal it already, today

Thanks boss for your usual assistance and regular pointers.

Some people will hide and be the first to be dropping bids, yet will come and shout attack out of painment and envy whenever the bus driver decides to move and they're left behind......like OANDO did.

I wonder how sane person will not be happy that I appreciate this kind of humane gesture......but be quick to resort to gender non.sense........as if Mcy cares if you're F or Z, transgender or even olo.sho

Make I give them small vawulence to get BP on for the weekend.

So Palmoil militants want to bring Okumu Oil to its knee's.

This is how it starts, soon groups will start demanding share from banks profits.

Na go Nigeria dey go so I!

zendi:
Greetings, mikeapollo.
Please what is the nature of the court case coming up in October, if still any ? Is it still of any threat or serious risk to Oandites, in your opinion?

https://tribuneonlineng.com/lokpobiri-charges-oando-to-target-ioc-status/

To my understanding, the Oando court case coming up in October is between the 14 minority shareholders who went to court to ask for Oando to buy out their shares. The Court has varied it's easier order dated June 2022: so only those 14 minority shareholders will have their shares bought back if they still want to sell to Oando at N7.07 per share. . Other minority shareholders are not affected and their shares are intact. Some 5 minority shareholders went to court to challenge the 14 shareholders and the court gave judgement in favour of the 5 shareholders, saying that all minority shareholders cannot be forced to sell their shares. As it stands right now, Oando is not delisting. If the 14 shares sell their shares, Oando will buy them back but will still be listed because the company did not initiate the idea to delist its shares, it only had to respond to the case brought by the 14 shareholders . And that case has been technically shut down by the court. The case coming up in October is just for formality. It is already dead case.