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May & Baker Rights Issue. To Buy Or No To Buy - Investment - Nairaland

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AIICO Insurance Plc Submits For Approval And Listing Of A Rights Issue / Rights Issue Offer – C&I Leasing PLC / C&I Leasing Plc Gets Sec’s Approval For N3.2bn Rights Issue (2) (3) (4)

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May & Baker Rights Issue. To Buy Or No To Buy by larush: 12:07pm On Nov 05, 2018
The firm said it would be offering 980 million ordinary shares of 50 kobo each at N2.50 per share to existing shareholders.

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Re: May & Baker Rights Issue. To Buy Or No To Buy by larush: 12:01pm On Nov 06, 2018
Top 20 Gainers in October 2018
Open Close M-o-M(%)
1 FIDELITYBK 1.70 2.04 20.0%
2 DIAMONDBNK 1.18 1.41 19.5%
3 AIRSERVICE 5.60 6.60 17.9%
4 CADBURY 9.10 10.00 9.9%
5 FO 20.05 22.00 9.7%
6 ZENITHBANK 21.50 23.50 9.3%
7 TOTAL 183.00 198.00 8.2%
8 MBENEFIT 0.28 0.30 7.1%
9 STERLINGBANK 1.50 1.60 6.7%
10 UPL 2.05 2.18 6.3%
11 CAVERTON 1.80 1.91 6.1%
12 OANDO 5.00 5.30 6.0%
13 WAPIC 0.38 0.40 5.3%
14 CONTINSURE 1.41 1.48 5.0%
15 BERGER 6.30 6.60 4.8%
16 MAYBAKER 2.30 2.40 4.3%
17 TRANSCORP 1.27 1.32 3.9%
18 PRESTIGE 0.54 0.56 3.7%
19 OKOMUOIL 77.00 79.80 3.6%
20 WEMABANK 0.57 0.59 3.5%
larush:
The firm said it would be offering 980 million ordinary shares of 50 kobo each at N2.50 per share to existing shareholders.
Re: May & Baker Rights Issue. To Buy Or No To Buy by manila234: 2:40pm On Nov 08, 2018
What's the incentive The market price is lower than the right price. I think the Company should engage the market more.

larush:
The firm said it would be offering 980 million ordinary shares of 50 kobo each at N2.50 per share to existing shareholders.
Re: May & Baker Rights Issue. To Buy Or No To Buy by manila234: 2:43pm On Nov 08, 2018
uhmmm......4% in one month, that's not bad from capital appreciation point of view. But in reality is there value in the Company ?

larush:
Top 20 Gainers in October 2018
Open Close M-o-M(%)
1 FIDELITYBK 1.70 2.04 20.0%
2 DIAMONDBNK 1.18 1.41 19.5%
3 AIRSERVICE 5.60 6.60 17.9%
4 CADBURY 9.10 10.00 9.9%
5 FO 20.05 22.00 9.7%
6 ZENITHBANK 21.50 23.50 9.3%
7 TOTAL 183.00 198.00 8.2%
8 MBENEFIT 0.28 0.30 7.1%
9 STERLINGBANK 1.50 1.60 6.7%
10 UPL 2.05 2.18 6.3%
11 CAVERTON 1.80 1.91 6.1%
12 OANDO 5.00 5.30 6.0%
13 WAPIC 0.38 0.40 5.3%
14 CONTINSURE 1.41 1.48 5.0%
15 BERGER 6.30 6.60 4.8%
16 MAYBAKER 2.30 2.40 4.3%
17 TRANSCORP 1.27 1.32 3.9%
18 PRESTIGE 0.54 0.56 3.7%
19 OKOMUOIL 77.00 79.80 3.6%
20 WEMABANK 0.57 0.59 3.5%

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