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Re: Nigerian Stock Exchange Market Pick Alerts by ebuka1997: 11:32am On Nov 08, 2023 |
emmanuelewumi: Sir I don't think they are diagnostic but more of medical production |
Re: Nigerian Stock Exchange Market Pick Alerts by unite4real: 11:36am On Nov 08, 2023 |
emmanuelewumi: MTN IPO was N169 |
Re: Nigerian Stock Exchange Market Pick Alerts by emmanuelewumi(m): 11:38am On Nov 08, 2023 |
ebuka1997: What are they producing? I use their lab at Oshodi for the medical tests of my mum and dad. They have a very good eye clinic, that was where my late mum had her eye procedure 3 Likes 1 Share |
Re: Nigerian Stock Exchange Market Pick Alerts by vacanci: 11:40am On Nov 08, 2023 |
yMcy56: Thanks a lot |
Re: Nigerian Stock Exchange Market Pick Alerts by yMcy56(f): 11:40am On Nov 08, 2023 |
Yoast:It's coming from the private section to public, the shareholders are still holding unto their shares I think. There's a minimum requirement of free float (shares available to the public) which they must have met before listing.......in addition to other requirements. With time, they'll have to release it for public trading on the floor......to accommodate more shareholders. Same thing is still affecting VFD GROUP as well, it hasn't gone round......just cross dealings among themselves mostly for now.......except for the few shareholders that are bringing theirs out because it fell in price. Think NGX needs to put some measures in place to ensure adequate quantities for trading as soon as any company is listed 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by emmanuelewumi(m): 11:42am On Nov 08, 2023 |
unite4real: Hope you know the terms of the offer, which helped to maintain the stock price. And besides MTN was on NGX for about 4 years before coming for an IPO. Mecure should not sell for more than N1.20k, pending the time the market can place a premium on the stock 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by Yoast: 11:42am On Nov 08, 2023 |
emmanuelewumi: The Company is principally in the business of manufacturing drugs (tablets, capsules and syrups) in Nigeria under two (2) categories namely Pharmaceuticals and Nutraceuticals. The Pharmaceuticals segment comprises of forty-one (41) drugs such as Ebu 200 & 400 (ibuprofen tablets), Laclox (an ampiclox formulation), Lamox (an amoxicillin formulation) and Lampicin (an ampicillin formulation), used in treating different ailments. The Nutraceuticals segment consist of 100 products including multivitamins and dietary supplements, the majority of which are imported from Youthberry (an American supplement manufacturing company). While the Nutraceuticals segment is largely a trading line, the Company produces its pharmaceuticals drugs (predominantly branded generics) with support from its research and development team at its factory at Debo Industries Compound, Oshodi, Lagos State https://www.google.com/amp/s/investogist.com/mecure-industries-plc-to-list-on-the-nigerian-exchange-by-introduction-at-n2-96-per-share/amp/ 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by yMcy56(f): 11:45am On Nov 08, 2023 |
crownprince2017:Dont rush into it yet... Not much info about it at the moment. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by ebuka1997: 11:48am On Nov 08, 2023 |
emmanuelewumi: more like third party production of prescription drugs, as GSK/other foreign pharma leave the country, maybe they and others can step in and purchase rights to produce and distribute from them. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by ositadima1(m): 11:51am On Nov 08, 2023 |
ebuka1997: It seems like they have around six business segments. https://mecure.com.ng/index.html |
Re: Nigerian Stock Exchange Market Pick Alerts by emmanuelewumi(m): 11:52am On Nov 08, 2023 |
Yoast: Then it is becoming a Medical Conglomerate. Production should be a new development, I have been patronizing their service for more than 10 years. Just getting to know about pharmaceutical production. With EPS of N1.30k in 2022, I don't understand why it was listed at almost N3.00. Probably by 2023, we will start seeing the contribution of the production business in the financial performance of the company |
Re: Nigerian Stock Exchange Market Pick Alerts by emmanuelewumi(m): 11:59am On Nov 08, 2023 |
I have not doubt about the growth of Mecure, people do come from other Western African countries, the management are also serious with business. You can make money on the short run at the current price, but if you are one of those who want to invest for 5 years and above you need to wait, observe then strike 5 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by unite4real: 12:04pm On Nov 08, 2023 |
emmanuelewumi: I remember the terms then but i do not think the assertion holds mostly. For example BUA Foods got listed around N40 or so in January 2022 BUA Cement listed for N35 in January 2020 GEREGU is also an example they have gone ahead to do better in a such a short time without looking back |
Re: Nigerian Stock Exchange Market Pick Alerts by Deadlytruth(m): 12:06pm On Nov 08, 2023 |
essentialone:It was just a break in transmission that day. Party continues till 2.5 km junction. |
Re: Nigerian Stock Exchange Market Pick Alerts by yMcy56(f): 12:11pm On Nov 08, 2023 |
unite4real:VFD GROUP is another one I'm watching closely, that it may likely follow this pattern in the long run. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by yMcy56(f): 12:16pm On Nov 08, 2023 |
MECURE The MECURE guys have come to move it up with +10% o. 21M bids don surface @3.25!! Let's see if they planned to do some crossings here... * Not any form of advice* 1 Like
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Re: Nigerian Stock Exchange Market Pick Alerts by emmanuelewumi(m): 12:51pm On Nov 08, 2023 |
unite4real: 2 years is too short to make analysis for a long term investment, I look at minimum of 10 years. Check what I wrote, I said those who want to make a long term investment should wait, observe and strike |
Re: Nigerian Stock Exchange Market Pick Alerts by unite4real: 1:02pm On Nov 08, 2023 |
yMcy56: their book value is currently around N165 |
Re: Nigerian Stock Exchange Market Pick Alerts by essentialone(m): 1:10pm On Nov 08, 2023 |
Sanofi-Aventi Nigeria, a leading multinational pharmaceutical company, has disclosed its plans to discontinue direct operations in Nigeria in 2024. This comes barely four months after GlaxoSmithKline (GSK) announced its exit from the Nigerian market, due to unfavourable economic forces after 51 years of operations in the country. In a memo addressed to stakeholders in the healthcare industry on Tuesday titled “Sanofi adopts new business model in Nigeria”, signed by the Country Lead, Folake Odediran, and sighted by pharmanewsonline, it was stated that the global pharma company will be embarking on a transformative business model in Nigeria from February 2024. The company explained that its new model will enable the commercialisation of Sanofi portfolio of medicines by a yet to be named 3rd party distributor. "With effect from February 2024, our company will embark on an exciting transformation of its business model in Nigeria. In our new model, commercialization of Sanofi portfolio of medicines will be driven solely by a 3rd party soon to be named. “The strategic move represents a significant milestone for our organisation and is driven by our commitment to continually improve access to our medicines and to better serve our patients and the Nigerian health system”. She further disclosed that the multinational pharma giant is already in discussion with its employees, partners and major stakeholders to ensure a smooth and transparent transition process. Odediran assured stakeholders on the commitment of the company to provide more value to patients, stating that that is the major reason for the adoption of the new model. She said details of the new development will be provided in days ahead through media announcement. “We have commenced with our employees, partners and key stakeholders, to ensure full transparency. In the coming days, we will make public announcement through the media. However, we recognise that our relationship with stakeholders is paramount and we wish to share this information with you in advance”, she revealed. Sanofi is a global life sciences company committed to improving access to healthcare and supporting the people they serve throughout the continuum of care. From prevention to treatment, Sanofi’s scientific innovation into healthcare solutions, cuts across human vaccines, rare diseases, multiple sclerosis, oncology, immunology, infectious diseases, diabetes and cardiovascular solutions and consumer healthcare. |
Re: Nigerian Stock Exchange Market Pick Alerts by ebuka1997: 1:16pm On Nov 08, 2023 |
who keeps buying PZ at 22 hmm |
Re: Nigerian Stock Exchange Market Pick Alerts by unite4real: 1:28pm On Nov 08, 2023 |
1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by yMcy56(f): 1:37pm On Nov 08, 2023 |
unite4real:If you see the list of stocks you mentioned, then you'll understand the pattern I talked about. Lol. Did you check VFD's earning release and some investment explanations made as well? They are of the opinion that things will be much brighter once the investments starts yielding as well. |
Re: Nigerian Stock Exchange Market Pick Alerts by yMcy56(f): 1:41pm On Nov 08, 2023 |
WAPIC Sighted @77k! Have they increased the buyout price from 0.65k or what? Let what happened in Ardova not repeat itself here o. |
Re: Nigerian Stock Exchange Market Pick Alerts by unite4real: 1:42pm On Nov 08, 2023 |
yMcy56: That's my thought as well. You can see the number of outstanding shares sitting at around 190M. VFD will shock many. those picking now should smile later |
Re: Nigerian Stock Exchange Market Pick Alerts by yMcy56(f): 1:43pm On Nov 08, 2023 |
unite4real:*Edited* |
Re: Nigerian Stock Exchange Market Pick Alerts by Streetinvestor2: 1:44pm On Nov 08, 2023 |
yMcy56:What are thr products or services 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by yMcy56(f): 1:54pm On Nov 08, 2023 |
Streetinvestor2:Different types.......ranging from Asset management, financial advisors, Oil & gas, Technology, Telecomms, power, real estates, healthcare and some other services . 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by Yoast: 1:58pm On Nov 08, 2023 |
yMcy56:Please do you think Chams still has significant upside from current price? |
Re: Nigerian Stock Exchange Market Pick Alerts by unite4real: 2:01pm On Nov 08, 2023 |
yMcy56: I saw this on print and online media when the news broke. It's also on businesspost, investing, simplywallstreet, also on Nairametrics https://leadership.ng/vfd-group-lists-190m-shares-on-ngx/#:~:text=The%20Nigerian%20Exchange%20Limited%2C%20has,Plc%20on%20its%20Main%20Board. https://nairametrics.com/2023/10/14/vfd-group-seeks-approval-and-listing-63-34-million-ordinary-shares/ (when rights issue was sought) |
Re: Nigerian Stock Exchange Market Pick Alerts by Locotrader(m): 2:06pm On Nov 08, 2023 |
Yoast: They are coming to the market to raise money for card centre subsidiary. To me, they have already pushed the price. Waiting for the official notice from the Group. Might get to 2.50 to 3.00. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by yMcy56(f): 2:18pm On Nov 08, 2023 |
unite4real:You're right. My mistake. Picked another figure instead... So, It's not even up to 200M units.....190M (additional listed Rights Issue included) |
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