bestbiz17:
As a beginner that wants to know the NGX market, where do I learn from, what resources do I need to get, and most importantly how to stay updated. Because your discussions is looking like magic to me. (Lol) . Your responses will be appreciated. Thanks

megawealth01:


Fidelity Bank has been seriously undervalued over the years... I believe it's ripe time for its true value to emerge

ojeysky:


But it's currently almost 15naira so how is it better at 10naira rights issue?

ojeysky:


But it's currently almost 15naira so how is it better at 10naira rights issue?

KarlTom:
"A rights issue is an offering of rights to the existing shareholders of a company that gives them an opportunity to buy additional shares directly from the company at a discounted price rather than buying them in the secondary market."

Toluway:
Fidelity Bank has just submitted an application to the regulatry body for a right issue at #10 per share.
Qualification Date-5th
January, 2024.
Who has extra cash on ground at this time?

KayOn1:


They submitted application on Jan 5th with qualification date also being January 5th?

KayOn1:


They submitted application on Jan 5th with qualification date also being January 5th?

progressing:
Pls Ogas in the house
How does an existing shareholder participate in a 'right issue'

Thanks

emmasoft:

That may not be the date they submitted it but the date it was published by NGX.

KayOn1:


Still can't see it on Ngx disclosure board so it's probably not out there yet for "us".
How manage? Time we all have to start asking the right questions to the decision makers & demanding the right things be done!!!

* There has to be a standardization on Rights issue announcements, my opinion.*
Not one company backdating when their qualification date is, one saying for them qualification date is ahead & yet another ....

Mpeace:
We that are not in it cannot participate even if we join on monday. I think that if first bank should favour us now.

sonofElElyon:


I still dey wait for answer

bestbiz17:
As a beginner that wants to know the NGX market, where do I learn from, what resources do I need to get, and most importantly how to stay updated. Because your discussions is looking like magic to me. (Lol) . Your responses will be appreciated. Thanks

ojeysky:


But it's currently almost 15naira so how is it better at 10naira rights issue?

Mpeace:
We that are not in it cannot participate even if we join on monday. I think that of first bank should favour us now.

megawealth01:
Nigerian billionaire Aliko Dangote gains over $100 million in first week of 2024

https://billionaires.africa/2024/01/06/nigerian-billionaire-aliko-dangote-gains-over-100-million-in-first-week-of-2024/?fbclid=IwAR1Z_1Mm26AqH9fa896eX_66_-Qc78NhnexQkpZyAc1fGPJOOMtpHisWnDY

megawealth01:
Nigerian billionaire Aliko Dangote gains over $100 million in first week of 2024

https://billionaires.africa/2024/01/06/nigerian-billionaire-aliko-dangote-gains-over-100-million-in-first-week-of-2024/?fbclid=IwAR1Z_1Mm26AqH9fa896eX_66_-Qc78NhnexQkpZyAc1fGPJOOMtpHisWnDY

Mpeace:
We that are not in it cannot participate even if we join on monday. I think that of first bank should favour us now.

DUNKA:
https://www.intelregion.com/news/more-trouble-for-dangote-as-efcc-summons-officials-to-abuja/

Mpeace:
If you know how these governments work, you will know that this is just aimed at clearing dangote of any allegations. He will come out cleaner than he actually is.

bestbiz17:
As a beginner that wants to know the NGX market, where do I learn from, what resources do I need to get, and most importantly how to stay updated. Because your discussions is looking like magic to me. (Lol) . Your responses will be appreciated. Thanks

Mpeace:
If you know how these governments work, you will know that this is just aimed at clearing dangote of any allegations. He will come out cleaner than he actually is.

Toluway:
"ordinary shares of 50 kobo each at N10 per share based on one (1) new ordinary share for every ten (10) existing ordinary shares held as at the close of business on Friday, 5 January 2024."
One new ordinary for every ten existing ordinary ordinary shares"
That would just be a paltry gain. That's why i don't subscribe to right issues.

Streetinvestor2:
The right issue no make sense. What is 1 for 10. I see why the date was already closed.

olaremint:
Fidelity shares trading at N8, suddenly it became N13 and now a rights issue for N10 is on offer.
The value for that share is surely less than N8, after the public rush to buy, it will revert to N8 after you would have paid between N10 to N13. The bank is the only person gaining.
I am happy I sold mine @ N13 plus, will buy again when it goes to N8.