Uchetoba:
Covid-19: Why is it that nobody has recovered in Britain?
Over 100k case, Over 13k death and 0 Recovery.
Why is their own case so different?

In UK, the test is only done to make the diagnosis. They don't repeat the test after symptoms resolve to declare the person negative.

So there's only the data for diagnosis and none for recovery...

Guess it's in a bid to ensure the testing capacity available is deployed in the most judicious way...

debeey87:
Aigbovbioise Aig-Imoukhuede still bought WAPIC shares even when their close period for 2019 is still in force since they have not released there 2019 Audited financial result.
http://www.nse.com.ng/Financial_NewsDocs/29683_WAPIC_INSURANCE_PLC_CORPORATE_ACTIONS_APRIL_2020.pdf

"Company had declared a closed period in respect of transactions on its securities
with effect from January 16, 2020 until release of the Company’s 2019 Audited Financial
Statements to the floor of the Nigerian Stock Exchange.
This closed period remains in force and consequently, no Director, employee, person
discharging managerial responsibility, adviser of Wapic Insurance Plc and their
connected person may directly or indirectly, deal in the securities of the Company in any
manner during the Closed Period and all insiders have been notified accordingly".
http://www.nse.com.ng/Financial_NewsDocs/29681_WAPIC_INSURANCE_PLC_CORPORATE_ACTIONS_APRIL_2020.pdf

Isn't this violation of the closed period rule?

Hmmmn...
Nicely spotted...

I'll leave this to the ogas to decode...

gabscity:


Taking advantage of information they are privy to about the company to trade the company's shares. It's against the company policy in many multinationals.

There is no law that prevents directors or members of the board from buying or selling shares of their company. They only need to inform the Sec and NSE when they do which is what happened in the releases that were publicised.

The law however prevents them from buying or selling shares in their company during sensitive periods e.g. When they are considering quarterly or audited reports. This is why there is a closed period around these events where those with privileged information can't buy or sell shares....

Hope this helps...

https://www.sec.gov/reportspubs/investor-publications/investorpubsbegfinstmtguidehtm.html

Beginners' Guide to understanding Financial Statement

For those who care to know....

Johnpaul1099:
Please I would want to know if Morgan Capital can still pay into my account in this lockdown as i want to withdraw for an urgent issue?
Thanks

Most transactions are done electronically now so I see no reason why they can't credit your account as necessary...

Send them a mail and they will clarify things...

For those looking at Red Star Express...
My 2kobo opinion...

PROS
- Good management team
- Consistent growth over the years
- Consistent dividend payment
- Better liquidity now since the right issue was listed last month
- Possibility of 30k dividend for FY 2020
- They seem to be aggressively marketing their home grocery delivery service. Not sure they stand a chance against Jumia who are the market leader here but might just do well for their Q4 2020

CONS
- Outstanding shares now almost 1 billion units so dilution in EPS in the short term (q3 2020 EPS now just about 30k)
- Not sure when buy they still plan on raising money in the near future (will help the companys' growth in the long run but will further dilute EPS in short term).

Not a buy or sell recommendation though...
Caveat, I'm in the bus already...

Danniee:
One spirit dey tell me to buy REDSTAREX, hope na good spirit....

Flesh and blood indeed did not reveal this to you indeed...

There are some issues with it though but if e no shit, e go vomit small...

At all at all nah him bad pass...

https://nairametrics.com/2020/04/14/zenith-bank-no-major-threat-to-earnings-in-the-near-term-buy-recommendation-maintained/

For the Zee faithfuls...

Mcy56:

OGG did a comprehensive analysis of this, you may do well to read his posts too.

Chai...
See subtle assignment wey Mcy give person...

Mcy56:

If you check the date on this article, you will notice that it's a bit far.
There was an amendment to the contents thereafter when the big caps started distorting the ASI (when there was lull in the market) and thus crashing the prices anyhow.
The 100k block rule was then enforced on all equity irrespective of their class or category as a quick measure to address the anomally and stabilise the ASI I think.

Thanks for clarifying things...

veecovee:
Nestle is about to go full bid, with only about 30,000 units transaction today.

How on earth can another more than 70,000 units come to change today's closing price

cc OGG

While doing some research, I came across an article and this is an excerpt from the article

"Note that there are three categories of quoted companies, high-priced, medium-priced and low-priced stocks, based on their market price.

High-priced: These are stocks that are priced at N100 per share or above for at least four of the last six trading months. Also, high-priced stocks can be new security listings that are priced at N100 or above at the time of listing on NSE.

Medium-priced: If a stock trades for at least four of the last six months at N5 to N100 per share, it is classified as medium-priced. Also, medium-priced stocks can be new security listings that are priced between N5 and N100 at the time of listing on NSE.

Low-priced: When a stock trades between one kobo and N5 for at least four of the last six months, they are called low-priced. Also, if new security listings are priced at one kobo per share or below N5 per share at the time of listing on the Exchange, they are categorised as low-priced. This is where majority of the stocks on NSE falls.

For Red Star Express to make it back to the medium-priced category, stockbrokers would need 100,000 shares to change the share price as against 50,000 shares needed for price change as a medium-priced stock.

Meanwhile, stocks under High-priced category only need a minimum of 10,000 units to have a price change."

If this is true, 10,000 units might be enough to move the price of Nestle....

Link to the article
https://nairametrics.com/2019/08/22/red-star-express-in-need-of-cash-months-after-nse-downgrade/

http://www.nse.com.ng/Financial_NewsDocs/29647_UNION_BANK_NIG.PLC._CORPORATE_ACTIONS_APRIL_2020.pdf

Dividend 25k
Qualification date April 24th, 2020
Payment/ AGM date 6th May 2020

Just spent the whole day reading through 86 pages of emmanuelewumis' posts on Nairaland....

It was well worth the read...

I duff my hat for the bosses on this thread who are selfless enough to share from their experience...

https://www.google.com/amp/s/www.businessamlive.com/redstar-express-issues-new-shares-to-boosts-capitalization/amp/

Explains the drop in price and recent liquidity...

https://nairametrics.com/2020/04/09/fundamental-analysis-of-ecobank-transnational-shows-20-decline-in-share-price/

For the person who asked about ETI a few days ago...

RabbiDoracle:


How can there be a lull in the business?

People use courier, online for everything purchases now.

Hmmmn...
True talk...

Didn't see it from that light at first...

Any idea how much of an impact the Q4 might have on the full year results of Red Star Express?

I expect a lull in their business considering corona pandemic/ lock down but it's difficult assessing how much of a hit their earnings might take...

Uchetoba:


Mobil/11 plc gave us an open cheque now we are shy to write enough money on it, Yet the goal most nse investors is to make too much money.

Mobil told us that we have from 3rd of March to 3rd of June to decide what the payoff that they will offer to us the minority investors at the AGM which will hold on 3rd of June will be.

The implication of that is that if we allow the price of Mobil to remain at 160.9 till June 3rd, the core investor may come up with a payoff of not more than 250. But if we can pump the price to like 600 or there about for instance, the core investor will like wise come up with a payoff that is above 600.

It is now left for us the minority investors and the market maker to decide what we want. The big payoff or the small payoff?

To every action, there is an equal and opposite reaction...

If the majority shareholder decide to push millions of units onto the floor of the market, they can as well force the price down and pay peanuts to buy out the minority share holders...

It can work both ways you know...

seyisanya:
Has anyone funded their Morgan Capital account this week? Did you pay into their Polaris or Zenith account?

Thanks.

Used the Polaris Bank account today and it was smooth and hitch-free...

bigjay01:
http://www.nse.com.ng/Financial_NewsDocs/29404_UNION_DIAGNOSTIC_-ACQUISITION_OF__CORPORATE_ACTIONS_MARCH_2020.pdf

Hope rising

Been trapped here for nearly 3 yrs.

Finally, I will exit with tashere 5k/share profit (I bought at 30K/share)

This, I meant...

ebuka1997:


seems to be the parent increasing holding in subsidiary?

This was one of the school fees I paid on NSE...

Looking back, I laugh at how naive I was back then. Stockwatch (the radio program and magazine) was a huge part of my learning though. I think was one of the people that made that guy rich...

stcool:
https://nairametrics.com/2020/03/14/reports-suggest-zenith-bank-given-green-light-to-acquire-union-bank/

Obene kwa kwa...

ekpotek:


There are many people on this forum applying for UK visa to write PLAB examination. Read back and your will find what they did. Some got the visa, others did not. The most important thing convincing the ECO that you will leave the UK after your visit.

Thanks sir...
Appreciate it

DrAwo:
Good evening house...

The advice gotten here has been invaluable.... Thanks...

Just a quick question...
I'm applying for a visitor visa (6 months) with the intention of sitting for plab 2 exams.
Estimated cost of the trip is N390,000 as I intend spending just 3 nights in the UK...

How much in total would you feel should be safe for me to have in my account?
NB: I'm married with a child. Monthly expenses of N85,000 and salary of close to N200,000 monthly...

Thanks a million

Any thougths on this?
Will appreciate some guidance please...
Thanks

Good evening house...

The advice gotten here has been invaluable.... Thanks...

Just a quick question...
I'm applying for a visitor visa (6 months) with the intention of sitting for plab 2 exams.
Estimated cost of the trip is N390,000 as I intend spending just 3 nights in the UK...

How much in total would you feel should be safe for me to have in my account?
NB: I'm married with a child. Monthly expenses of N85,000 and salary of close to N200,000 monthly...

Thanks a million

mercylicious:


I still prefer my afriprud to fmn.
Proceed from sale of asset cannot be sustained.

Personally, I'll rather be in United Capital now than APR... There's more price movement potential in it than APR (at year end) considering the fact that they have given an interim already... Except if they give a bonus issue, which they comfortably can do considering the low outstanding share number...

Anyway, both are great buys at present prices...

NB: This is not a buy or sell recommendation...

manie:
I am also in United Capital, their subsidiary is also one of my stockbrokers. They should be able to pay a minimum dividend of 30k.

It has built a support around N1.40K, thereabout, in recent times. I expect their q3 to be equally exciting... A 30k dividend sounds exciting but I doubt they'll pay that high... A 23k (+ or - 2k) looks more probable...

Keenly watching United capital... #Fingers crossed...

duni04:
I'm having trouble opening the market view and order tabs on my I trade. Tried different browsers and its d same thing. Anyone with the same problem?

Same problem here too... Tried uc browser, chrome and my native phone browser all to no avail...

Morgan, abeg do the needful...

mercylicious:


@ Awo, i missed u ooo.
plz dont stay away from this forum for long.
.

Chai... Madam mercy! Don't miss me oh (See me blushing sef)... I no want Oga Hispy wahala... I am always here sha... Lurking in the shadows...

I remain loyal...

kotlass:

Can someone pls explain how the N1.43 EPS was arrived at? Seems EPS= PAT/OS no longer holds or the OS can now be varied at will. Ditto GT Bank eps.

Its been annualized already... The N1.43k is the forward projected annualized eps for 2014 nit the q3 eps...