Otedollar going for FBNH is one. Strong rumour also has it that;

They are willing to sell off a minority stake in FirstMonie.

Valuation for FirstMonie i hear is Unicorn - $1.3bn dollars.

And there is a deal on the table to take 20 percent stake.

OBAGADAFFI:


At a point they will be tired.

Fundamentals(EPS) will no longer support the price.

Superb analysis. Still leaves a lot of questions to be asked.

* How was the property to be sold valued.
* What big opportunity is seen in PAL to rebuy 49% of the company at 18.6bn, when the current equity (100% shareholding) is not upto 5bn and profit is 1.4bn as at 2020FYe.
* when was Pal initially sold and did the cash reflect in the books.

African Alliance is far off the recapitalisation target unlike Universal insurance that should scale through within this last quarter if earnings are consistent.

Something fishy going down.

To me: The core investors is just cornering all the juicy assets from AA, before a possible takeover by new investors, force closure by niacom for failing to meet recapitalisation or even bankruptcy. Wetin I sabi sef. We need an insider on this matter.

It's high time members here create an investors association, that can represent us in AGMs and ask tough question about poor actions that this yeye boards get away with.

onegentleguy:




Yes the move to repurchase PAL is indeed a good one.
The key line from the report is... "the company becoming aware of an OPPORTUNITY, repurchased it's PRIZED ASSET..."

What opportunity might this be? Well, we wait for more guidance over time.
...............

We plenty

arduino:

Like say we plenty for this boat

does your fundamental analysis support the current price?

steveneche:
My UCAP stock is up by 67% at the moment. Should Sell or hold?

can you shed more light here about this move.
AA sold its subsidiary company (PAL) for 16.6 billion (cash we no see) to Conau Ltd owned by a core investor. Now AA claims to have discover a bigger opportunity and will like to rebuy the same subsidiary for 18.6 billion, paying back conau with cash, shares owned in Universal insurance and a landed property in Victoria Island.

No be JUJU be this.

may be a plot to strip AA of choice assets.

samguru:
https://doclib.ngxgroup.com/Financial_NewsDocs/34280_AFRICAN_ALLIANCE_INSURANCE_PLC%20_NOTICES_OF_ANNUAL_GENE.pdf


Good move by African Alliance

make una download the full gist for us na. this puzzle dey confuse my thinking. drop more clues and prize for the right guess.

Lion123:


Lol. As you mentioned that 'Lagos state', I know now that you sabi

I suspect its Odukale of Leadway

Lion123:
The rich guy who is mopping up FBHN is not joking at all. Hint: It is one person, and it is not Adenuga or Otudeko.

abeg make e come back to base fully, we dey wait

locodemy:
Hope Jideflash is watching uniconcon.
20kobo stuck. Back to base

BTT on the move. +11%

After their ogas don buy all the shares at discounted price at the Nasd market. They want to now make their profit on the main board. GOD DEY. Corporate governance is zero in Nigeria.

faoogoke:
NGX is moving from NASD to the NGX main board.
Datamax sent me a notification asking for my NGX stock account details.
It should be perfected very soon.
Trusting God for a serious kill on this one.

thats not the last deciding trade. it was 100,000 units at 22kobo. although i expect the stock to trade back tomorrow at 21kobo for now.

i dont expect everyone to see the value i see sha, so my salvation dey my own hand . after Due Diligence, my past strategy on STI scored me +50% and lasaco scored me +80%.

i will be glad to mop more at 20kobo tomorrow, but money no dey

locodemy:


The day you will remove your mind from this stock, you will see salvation.This is the last deal that put the stock at 21kobo at market close......874,995 units.

Uniconcon closed at 21kobo.It for nearly closed at 20 kobo self.Tomorrow is another day

universal insurance closed at 22k, +4.76% today.

lets see how far this rally will go.

+5% yesterday. nice to see more

IYGEAL:
Meanwhile, Universal Insurance is still closing at 20k while quietly doing over 21 million worth of transactions.

I'm well positioned, waiting for whatever this is. An interesting gamble.



https://www.youtube.com/watch?v=7hx4gdlfamo

Follow this threads and learn from experts https://www.nairaland.com/1131485/nigerian-stock-exchange-market-pick

Rhado:
How do I join, can 300k buy me good units of shares and which should I buy? Please someone should talk to me about it.

You made sense. This open gutter should be phased out on new road projects. We cant continue using infrastructure techniques that are obsolete

my brother, abeg if you get any gist for universal, share make we hear.

owolabi5:


IF YOU DO PENNYWISE/INSURANCE

LOOK @ UNIVERSAL INSURANCE

SOMETHING IS BREWING THERE!

NOT A FINANCIAL ADVISE THOUGH!!

Scammers.

If you do a fresh registration now and need to use the nin for Nigeria passport or sim registration, it wont work until you pay nimc staff 5k bribe to process the details to drop/verified.

i wish na me mop that stock today. about 0.5% of the total issued shares was traded today.
interesting..

IYGEAL:


Funny enough, the stock ended up with more than 30 million units offered at 20 kobo with no bids.

Edit: Someone cleared those offers, bringing today's total value to about 15.3 million.

lol . one day, one day, we go know

locodemy:


What are they universing?

Blind people everywhere. 8m don turn 18m.

Only upstream oil companies will gain from this. The country as a whole will still suffer as long as we still import 100% of petroleum products consumed.

PETERiCHY:
BRENT sighted @ $79
Should we expect $100 by year end

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lol. but on the real, Nigeria has to improve productivity and forget political distractions. if things don't escalate to anarchy or debt default within the next 2 years, there will be a lot of key infrastructures that will boost our economy.
eg, if petrol is no longer imported and the rail is optimally utilized for example.
also electricity should be cost reflective, lets attract investment to power. it has a multiplying effect.

freeman67:


They will not own up untill it bounce back.. Or maybe for them it is better to lose money in crypto than in the stock market. Money loss in hard currency is easy to bear than in our local currency..

some people wey leave here, come enter crypto. they must be in severe pain, kindly reach out if you know any

PEOPLE WEY GET MONEY.

Ades1:


I actually prefer the market to stay this low for now or even go lower self, I am seriously accumulating.

Brilliant

Still wasting money on useless training. What happened in teaching skills that make real and sustainable growth with courses in high demand, such as digital marketing, web design, food processing, etc

Mecka:


He said NGMC was committed to developing a robust sustainable relationship with all its host communities and disclosed that the beneficiaries were carefully nominated by executives of their respective communities and would undergo intensive three-week training in catering, tailoring/fashion design, hairdressing and make-up (including pedicure, manicure andgele tying).

https://www.sunnewsonline.com/nnpc-shed-light-on-2020-audited-report/

its funny to see how negative some people are about this, killing the possibility by default, instead of getting to hear their plan, check their sincerity and credibility. if you find them worthy, then get involved with them, we all must give support, otherwise our oppression will never stop. APC and PDP are 1, and none of them ever cared for you.

Nigeria needs serious reform that stimulate production without political distraction.

Biafran4life:
what is so different from the policy from 2015 and before 2015, Devaluation has been happening,the naira has never been completely floated,Some items has always been on the prohibited list,BDC was thr.The only change i see is this ban on digitalal magic, freezing of fintec account which is no big deal.Oga monetary policies is not really what is devaluing the naira. It is lack of domestic productions to match imported products and services. In the 80 s when we proudly consumed made in Nigeria goods and services is a big reminder..Then thr was a primary school we go to learn how to bike in the north.To go round the field was one Kobo.We enjoyed green shandy and brama quarana . We used shoes from Bata and leventis stores.We appreciate Nigeria fabric etc.
If you like put Prof soludo again as CBN governor,he will perform little magic.And beside we have economic professors , including him in the economic advisory body of this government.
On my own opinion this country needs some dictatorship policies to correct the economy of this country.We used it in juice and rice and it worked

God is not a noise maker. Carry Go jare. Its offensive to disturb people that are not in the church. The sound should be for the church members alone, not public.

I hope the road will be standard quality and wider. Before people start to Glo Slow with Pride