Wapgod:
I need a list of banks on the NGX?
Where can I find it if anyone can help me?

essentialone:


https://ngxgroup.com/exchange/data/indices/

essentialone:


https://ngxgroup.com/exchange/data/indices/

Wapgod:

==Banks listed on NGX==
Firstbank
UBA
GTCO
ACCESSCORP
ZENITHBANK
ETI
FIDELITYBK
STERLNBANK
UBN
UNITYBNK
JAIZBANK
WEMABANK
FCMB
STANBIC
======
inform me if i missed any bank.

Wapgod:
I know this thread is for NGX.
But I have a question.
What the range of minimum money needed to acquire 51% of a small mature profitable Nigeria company preferrable in financial services?

There are just no small cap companies on NGX.

Agbalowomeri:


Person wey wan acquire can also start up

Wapgod:
I know this thread is for NGX.
But I have a question.
What the range of minimum money needed to acquire 51% of a small mature profitable Nigeria company preferrable in financial services?

There are just no small cap companies on NGX.

LondonCool:


Bloomberg. Proshare Nigeria has some tools but you need to subscribe to them first

Wapgod:

If anyone can help me, I will appreciate.

Wapgod:

If anyone can help me, I will appreciate.

RabbiDoracle:


Don't go there. I once had 3.5% of a company listed here. I had to sell and at that point, it could be illiquid trying to sell down. Buying up can drive up the price especially if you are aiming at 51%. Ordinary 3.5% drove up the price. And mind you, they are seeing what you are doing The main holders are wondering why you are stacking up?

A simple calculation is to look at the market capitalization of the concerned stock on any day and then multiply it by 0.51. That gives you the rough price of what you will pay for the stock assuming if you buy at that average price (price on that day you did your calculation)

In my opinion, just buy your stock, make your money and just lie low.

Olaide1295:

I don't know why you'd want to do this, but an option is to find a majority owner and negotiate off-market.

Wapgod:

I've contacted an investment bank.

Ginalex:
I'm your fan here abeg. Don't leave us/get discouraged from what you do here. I kuku always look forward to your takes and it has paid me more than once

Wapgod:

Okay I will do this.
Many thanks.

RabbiDoracle:
Another I just saw is the South Africa Top 40 Index. Same as the Indian Chart on the monthly.

This index needs to crash 62% as well to become stable for repurchase.

This could push USD-Rand forex rates to historical high of 24 or more.

Hmmm.. This will collapse lots of basic things in South Africa o and societal disturbances could result due to elevated prices, severe wealth destruction and severe capital flight.

Abeg make dem carry their capital come NGX o.

Agbalowomeri:
@Oracle: are you sure those indexes are not preparing for a breakout

Remember the BRICS countries are cooking something

sky2891:

Please, What of NGX?

Wapgod:
I know this thread is for NGX.
But I have a question.
What the range of minimum money needed to acquire 51% of a small mature profitable Nigeria company preferrable in financial services?

There are just no small cap companies on NGX.

RabbiDoracle:


NGX isn't showing such structure like the Indian index. However if there is a global event that can cause those big players to slide, then it can create contagion (cascading selloff) which affects smaller player but to a lesser degree compared to countries where the event originated from.

Agbalowomeri:


NGSEINDX is on the fifth Elliott wave. Hopefully, it would break the previous ATH @65k with election euphoria make we go chop nkwobi

sky2891:

Election Euphoria before the election?
Or Euphoria as regards election outcome?

RabbiDoracle:
Indian Stock market indexes (BSE Sensex 30 and Nifty 50) are bracing for a severe crash based on the chart I am looking at (monthly TF) . This January 2023 could be the last rise before a 62% crash in the price. It seems to be like a flash crash o. Americans will laugh at them for supporting Russia and buying their oil

It will be bad.

Jakarta Stock Index JKSE looks like Indian index as well but less severe. However, it can still flash to the bottom in a frenzied selloff in this Q1 2023.

UK stock market index (FTSE100) is also bracing for a sharp decline if it makes a good push to above all time high > 7,903 in this Q1 2023.

What events will trigger the selloff in these countries? I don't know.

Will it lead to contagion and a broader selloff around the world? I don't know.

Just have a strategy that works in an up and a down market.