Gtco at 60 is a good sign for others

toyeoye:
Telecom stocks are buzzing! 📈 While MTNN is down 19.68% YoY, Airtel Africa holds a steady 7.85% gain YoY. With the recent tariff approval, could this sector see a turnaround? Dive into StockBubbles to track these moves in real-time and position yourself for what’s next! 💹🚀

Maybe a 50% tariff hike is not enough.

With Fidelity banks plan to do a private placement of addittional 20billion units, pls what will be the OS at the end of the day. One site claims 73billion shares another says 63billion.
Those in fidelity, pls what is the correct figure?

The dilution is becoming too much. Eps go just dey like 80kobo. How much dem want come pay as dividend.

Sunrisepebble:
Femi Ote$ is not playing games.

“ Alleged N12.3bn Fraud: EFFC To Arraign Oba Otudeko, Onasanya, Two others”

https://www.channelstv.com/2025/01/16/alleged-n12-3bn-fraud-effc-to-arraign-oba-otudeko-onasanya-two-others/amp/

That onasanya regime almost finished First bank. Only a few banks would have survived what they did to first bank. It took many years of hardwork by successive teams to revive the bank.

https://www.nairaland.com/8318488/bosun-tijani-nigerians-pay-60

Nigerians to pay 60% more for calls

Totalenergies up.

sterlingD:
Are there some of us here who have not received payout from the Flour Mills Nigeria PLC buyout and Delistment scheme? I am yet to receive my payout and Atlas Registrar's is not responding to mails

Me too. Yet to get paid

thebargainhunte:
https://www.vanguardngr.com/2025/01/fg-approves-telcos-tariff-increase/amp/

Fg approves telcos tariff increase. No wonder MTN was flying today

the content did not say fg has approved, but says fg will approve not 100%, and that it would be made pulic once approved

Youngzedd:


Egungu na express you dey go.

Send them an email.

Don't play rough play with your money by asking for such in a public domain.

When they finally give you the bank details, pay to their Wema, avoid Zenith bank if you want to be funded on time.

On the contrary I usually experience difficulties with their wema than the zenith bank.

Mpeace:
FBNH wey go soon do N100. Don't play with Ote$

Ote$ is doing his thing slow and steady.

Sunrisepebble:
GTCO Public Offer was undersubscribed. They will have to find other means to raise money. I think they needed N300bn to meet up with the CBN's target

"GTCO yesterday announced receipt of regulatory approval for a total of N209.41 billion, representing 52.3 per cent of the total offer size"

https://thenationonlineng.net/gtbank-raises-n209b-in-public-offer/

They should simply pump the price on the floor to N100 and do 1billion units private placement. That should solve every problem.

Princkez:
Please which one is better for long term....TRANSCORP or NAHCO, I need some advice

Every stock will move at its time. The problem is that nobody knows the time.
Someone here talked about selling his access for GTCO. But access done move since then.
Just put ur money where you fancy the most. Or you share the money between them.

megawealth01:


Really? Is Total downstream different company from the upstream?

Just like conoil. Them no list the main meat, they only allow us buy into the bone with chinkili meat.
Totalenergies and conoil only listed the fuel stations not the oil wells

Raider76:
BREAKING: FirstBank exits 100 Senior Staff members in major reorganizational shakeup

https://nairametrics.com/2024/12/30/first-bank-exits-100-senior-staff-in-major-reorganizational-shakeup/

FBNH wey go soon do N100. Don't play with Ote$

Sunrisepebble:
From now till the end of the year, I’m still looking for a good entry into Nahco, might buy some more Transcorp and if MTNN trades @ 190 or below again, I’ll look to add more.

These are my stocks for 2025 though:
UGAZ
Presco
MTNN
Seplat (on LSE)
Transcorp
Vitafoam
NAHCO
Nigerian Breweries
Aradel (@ attractive entry)

On the radar/ More research to be done on: Nipco, Okitipupa, Maybaker, UACN and Unilever

I no see wapco for this your list. Have you given up on the bus?

Raider76:
1) OANDO
2) FBNH

I don already load small fbnh. I think Ote$ is worthy of being followed

"The rights issue will also expand Access Holdings’ total issued shares to around 53.318 billion. At the group’s share price of N24.7 as of December 24, this translates to a market capitalisation of N1.32 trillion on the Nigerian Exchange (NGX)"

53billion OS. No be small thing oh.
Access have become the first to meet the CBN recapitalization requirement.

But that OS no be small thing oh.
Gtco post recap OS of 38billion and Zenith 39billion remain more attractive.

designking:

Yes. They are not delisting.

I hope this ignites a huge bull.

lasisi:
Also, Does it mean they would delist because the 0.25% premium no make sense. E be like say TOE don carry existing minority shareholders handicap.

But they are only taking 2million shares. I think they only want to comply with the provisions of the law.

Sunrisepebble:
Looking at 9m results of 2024 versus 2023

9M 2024: Tax rate of 85%!
9M 2023: Tax rate of 25%
Their PBT has more than doubled. Using the same tax rate in 2023 on this year, the EPS should have been around $0.31(or N495) per share

NB the said 9m result does not include their latest acquisition(ExxonMobil) which is more than doubling the crude oil output.
The just commissioned ANOH gas project has also not been added.

Sunrisepebble:
I think so too. Ive been looking at the results and their profit margins will be a lot thicker when they transition their assets to the PIA. Thats why the tax rate for them is so high right now. I will be buying on the LSE

Its cheaper on LSE, thats why they have been buying there.

Sunrisepebble:
Seplat Insiders, board chairman and board member have been buying on LSE this past week? What is happening there

The company has huge prospects.

Ginalex:
make I follow your footsteps. I can't make Transpower mistake twice

Aradel should be very available today. There is too much insider trading in that stock. Thats why they rushed in before the acquisition. Their acquisition bull cannot be strong since it had since been factored into the price.
In my opinion aradel is currently more expensive than seplat if you put their rrspective OS into consideration. But make no mistake, aradel is an excellent company with many future upsides

Its also important to note that SPDC only owns 30% of the JV. So the 5member Renaissance group will have to share the said 30% SPDC stake in the JV.
NB: I might be wrong too.
I hope I am not correct cos If I am correct, then the deal get too much corner corner

Sunrisepebble:
Was about to say this. Aradel that is being used as comparison already has a working refinery. Now they are adding 135kbpd of oil production and 350,000 mmscf of annual gas production (about another 150kboepd from my calculation ) with this acquisition. In addition they also have a power plant now, Afam VI (650MW capacity) that is connected to the grid already … The 5% stake in Chappal is also huge when they eventually IPO

Its night and day
I also haven't mentioned our potential London listing but wanted to leave out assumptions

But we do not yet know Aradel's share in the asset, given that Renaissance Africa Energy Company Limited is a consortium of 5 big oil and gas companies.
This market get as e be. We fit see full bid tomorrow, we fit no see full bid.
But I for like get some more units before this kind of news.

We wey dey wait for 400 naira go soon start bid at 1000. Chai.

bovali:
https://x.com/borie_nla/status/1868939314421494056

This is the problem with investing in nigeria. I hope Okomu can overcome this

This your link looks very dangerous. E resemble the link wey dem use hack my facebook the other time

mikeapollo:


I think some directors or related entities that hold Oando shares and still owe the company money but are unable to pay cash for the debt. Hence they have chosen to forfeit their shares as partial or full settlement..
I just hope those shares were valued appropriately, otherwise the receiving shareholders could still be shortchanged.

The result of this exercise would mean a reduction in Wale, his fellow promoters and related entities' controlling interests from 58% to about 35% (i.e. if none of the 65% common shareholdings belong to them in any way)

Are you saying that they will not create additional shares for that purpose? If yes, then thats awesome for oando shareholders

This oando result ehh... e no too clear.

megawealth01:
Seplat Completes $1.28 Billion Purchase Of Mobil Nigeria

https://punchng.com/seplat-completes-1-28bn-purchase-of-mobil-nigeria/?amp

Seplat e don do oh. They have over reported this stuff naa. Let dem give us new story like acquisition dividends or bonus. Or even receivables like oando.

Health3:
Eunisel lock some people for shop throway key for Atlantic ocean for almost 2 weeks now

Eunisel wey dey do 10% daily that time

Raider76:
We really need more billionaires in Nigeria to catch the higher numbers in Egypt and South Africa. Imagine if we have 3 more billionaires disrupting sectors like steel, agriculture , transportation, mining, power and tech, and investing $20b in each, like Dangote did to Oil and Gas.

I pray Elumelu considers taking more shares like 70-85% stake in his listed companies. It will help him(and help us too)