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Nigerian Stock Exchange Market Pick Alerts - Investment (7830) - Nairaland

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Re: Nigerian Stock Exchange Market Pick Alerts by KarlTom: 4:27pm On Jun 24
sad

BullBearMkt:
BREAKING NEWS!!!
The Federal High Court in Lagos has adjourned the hearing for Oando PLC's minority stake acquisition case again to October 10, 2024.
grin grin grin grin grin
Re: Nigerian Stock Exchange Market Pick Alerts by yMcy56: 4:27pm On Jun 24
megawealth01:
OANDO and gamble na 5 and 6...
Sharp guys like Peter dey use am cashout grin
Chai!!
Na minority shareholders go see the end of this OANDO, God no go allow Wale have the last laugh! grin

We needed more details about the proceeding......
One of the consolations is the positive return to profitability... smiley
Re: Nigerian Stock Exchange Market Pick Alerts by KarlTom: 4:28pm On Jun 24
Either way, no delisting (if it will happen) until October... wink

bovali:


So did they allow minority join then adjourn or they just adjourned everything completely
Re: Nigerian Stock Exchange Market Pick Alerts by KarlTom: 4:29pm On Jun 24
Amin smiley
yMcy56:

Chai!!
Na minority shareholders go see the end of this OANDO, God no go allow Wale have the last laugh! grin
Re: Nigerian Stock Exchange Market Pick Alerts by megawealth01: 4:29pm On Jun 24
mikeapollo:


This could be an opportunity for those who may still be interested to load more Oando shares.
Just chill a bit and allow the price to drop to around N8-10 and then you accumulate, especially before they release HY2024 results.
Oando could be either a gamble or a strategic investment that would yield huge returns! But you must be ready for the long haul.
Good luck to both gamblers and investors

We gamblers know ourselves and how the game dey go... Na wetin remain we dey use as investment... Nobi our capital na part of our loots

If you know you know...

You can ask Peter... E go soon come online show una way stylishly grin

1 Like

Re: Nigerian Stock Exchange Market Pick Alerts by yMcy56: 4:30pm On Jun 24
KarlTom:
Either way, no delisting (if it will happen) until October... wink
Lol. The more they adjourn, the more likely for a higher high and more positivity lipsrsealed

Once consequent good results are released, we fit no see OANDO lower again......."all things being equal tongue

* Guess we now have further opportunity....
We see how it goes again before Oct.

** Strictly my opinion**

2 Likes

Re: Nigerian Stock Exchange Market Pick Alerts by yMcy56: 4:42pm On Jun 24
Agbalowomeri:

Peter has not recovered from Transcorp at 17 grin grin grin
Na where dem dey see Agba be this. grin
Peter is too smart for this....
Some averaging down can be worth it sometimes.....and not necessarily a "recipe for disaster" as my oga-on-top go call am. smiley
Re: Nigerian Stock Exchange Market Pick Alerts by BabsO2(m): 4:44pm On Jun 24
bovali:
Someone should help me understand something. This Beta glass. They are paying dividend of 1.4 naira this Thursday but they have 50 billion in retained earnings while the market cap is 34.8 billion. Our market sha

It simply means book value is less than 1. Nearly all the banks have a book value less than 1. Many insurance companies too.

2 Likes

Re: Nigerian Stock Exchange Market Pick Alerts by yMcy56: 4:53pm On Jun 24
bovali:
This got me thinking so i went to do a quick search. Japaul current market cap is 12.2bn but their retained earnings is negative 20bn. Which money dey wan make? And no prospects of revenue
Maybe you should do a bit of a thorough check or research on the last parts......
Guess you jumped into hasty conclusions here.

** Not ready for any back and forth anyway......before Nsempa go talk say I don come with Japaul again. smiley

1 Like

Re: Nigerian Stock Exchange Market Pick Alerts by sterlingD(m): 5:12pm On Jun 24
FO at it again
Re: Nigerian Stock Exchange Market Pick Alerts by Streetinvestor2: 5:27pm On Jun 24
yMcy56:

Lol. The more they adjourn, the more likely for a higher high and more positivity lipsrsealed

Once consequent good results are released, we fit no see OANDO lower again......."all things being equal tongue

* Guess we now have further opportunity....
We see how it goes again before Oct.

** Strictly my opinion**
An adjournment is still not bad news. It still means wale is not in a hurry to delist. My only worry will be if subsequent results come out bad.Though I am done buying my ofulabi units of oando but if I see oando at 10 and below I will buy more.
My street sense tells me oando will definitely give me 100% this yr.i am a very patient investor/gambler in my bet naija stock

3 Likes

Re: Nigerian Stock Exchange Market Pick Alerts by vacanci: 5:47pm On Jun 24
yMcy56:

Na where dem dey see Agba be this. grin
Peter is too smart for this....
Some averaging down can be worth it sometimes.....and not necessarily a "recipe for disaster" as my oga-on-top go call am. smiley

Oga Agba may react to the bolded. na im way
Re: Nigerian Stock Exchange Market Pick Alerts by megawealth01: 5:51pm On Jun 24
sterlingD:
FO at it again

Any new update?
Re: Nigerian Stock Exchange Market Pick Alerts by Bizibi(m): 5:57pm On Jun 24
KarlTom:
No picture of the source.
No picture/information of the destination.
No feedback of amount generated.
Just PR and propaganda... sad
everything shining is always hush hush.....if they are really mining Gold then the owner have solid backers because I have observed that areas with gold deposits in the north attracts bandits, kidnappers.....

2 Likes

Re: Nigerian Stock Exchange Market Pick Alerts by KarlTom: 6:02pm On Jun 24
He purchased almost 798m additional units... wink

megawealth01:


Any new update?

1 Like

Re: Nigerian Stock Exchange Market Pick Alerts by Agbalowomeri: 6:18pm On Jun 24
vacanci:


Oga Agba may react to the bolded. na im way

I no dey do missionary grin
Re: Nigerian Stock Exchange Market Pick Alerts by chimex38: 6:44pm On Jun 24
vacanci:


Oga Agba may react to the bolded. na im way
..and it came to pass
Re: Nigerian Stock Exchange Market Pick Alerts by ogoo4real: 7:00pm On Jun 24
https://twitter.com/vanguardngrnews/status/1805271516499648943?t=i7_uidVZA_mUCxYSDRpyBg&s=19

Otedola buys fresh 797.9m FBN Holding Shares! What is the man upto
Re: Nigerian Stock Exchange Market Pick Alerts by Streetinvestor2: 7:39pm On Jun 24
ogoo4real:
https://twitter.com/vanguardngrnews/status/1805271516499648943?t=i7_uidVZA_mUCxYSDRpyBg&s=19

Otedola buys fresh 797.9m FBN Holding Shares! What is the man upto
Na this man go bury fbn.Na inside loan be his target.Then they will write it off as bad loan.

2 Likes

Re: Nigerian Stock Exchange Market Pick Alerts by nosa2(m): 7:49pm On Jun 24
Streetinvestor2:
Na this man go bury fbn.Na inside loan be his target.Then they will write it off as bad loan.

If this was his plan he would have targeted a less iconic bank. I believe he sees what I see. These banks are trading at price levels that will not be seen again in our generation. How everyone is not seeing this is beyond me.

2 Likes

Re: Nigerian Stock Exchange Market Pick Alerts by Raider76: 8:06pm On Jun 24
nosa2:


If this was his plan he would have targeted a less iconic bank. I believe he sees what I see. These banks are trading at price levels that will not be seen again in our generation. How everyone is not seeing this is beyond me.

One good thing with this though is if they have now resolved all the boardroom disputes and there is now one lead shareholder. All the court cases should be withdrawn and the bank allowed to move forward.

2 Likes

Re: Nigerian Stock Exchange Market Pick Alerts by edwardaigb: 8:17pm On Jun 24
It is well
Re: Nigerian Stock Exchange Market Pick Alerts by megawealth01: 8:34pm On Jun 24
KarlTom:
He purchased almost 798m additional units... wink


Then we suppose watch out for breakout in fbhn

1 Like

Re: Nigerian Stock Exchange Market Pick Alerts by megawealth01: 8:36pm On Jun 24
The truth is the banking system suppose explode sha

2 Likes

Re: Nigerian Stock Exchange Market Pick Alerts by KarlTom: 8:46pm On Jun 24
I believe that Ote is pumping the Zenith settlement funds into FBNH.
Otudeko still has a big hold though but a wild thought I have is can Ote push for outright ownership of FBNH? wink

megawealth01:


Then we suppose watch out for breakout in fbhn
Re: Nigerian Stock Exchange Market Pick Alerts by megawealth01: 9:00pm On Jun 24
KarlTom:
I believe that Ote is pumping the Zenith settlement funds into FBNH.
Otudeko still has a big hold though but a wild thought I have is can Ote push for outright ownership of FBNH? wink


He's trying to buy and beat others in the game but Oba and his boys fit dey plan something sha... The days ahead go sweet for those in the train @sub 10 sha because they have nothing to lose

3 Likes

Re: Nigerian Stock Exchange Market Pick Alerts by Streetinvestor2: 9:14pm On Jun 24
nosa2:


If this was his plan he would have targeted a less iconic bank. I believe he sees what I see. These banks are trading at price levels that will not be seen again in our generation. How everyone is not seeing this is beyond me.
I sm seeing what you are seeing. I am seeing it in uba,zenith and gtb because of the management team.
Fbn has had bad management for years now
Re: Nigerian Stock Exchange Market Pick Alerts by nosa2(m): 9:44pm On Jun 24
Streetinvestor2:
I sm seeing what you are seeing. I am seeing it in uba,zenith and gtb because of the management team.
Fbn has had bad management for years now

Book value is 53. No over look that Elephant oh

1 Like

Re: Nigerian Stock Exchange Market Pick Alerts by PETERiCHY(m): 10:01pm On Jun 24
yMcy56:

Na where dem dey see Agba be this. grin
Peter is too smart for this....
Some averaging down can be worth it sometimes.....and not necessarily a "recipe for disaster" as my oga-on-top go call am. smiley

You dey mind am
We that left both Transcorp and Transpower the since beginning of March.

Our portfolio is now 95% CADBURY and 5% OANDO.

BARGAIN HUNTERS TAKE NOTE!

1 Like

Re: Nigerian Stock Exchange Market Pick Alerts by Picky1: 10:06pm On Jun 24
Streetinvestor2:
I sm seeing what you are seeing. I am seeing it in uba,zenith and gtb because of the management team.
Fbn has had bad management for years now

You didn't mention ACCESSCORP....was it intentional or you don't trust the management as well?
Also what are your thoughts on MTN?
Re: Nigerian Stock Exchange Market Pick Alerts by Hedgefunds: 10:17pm On Jun 24
Streetinvestor2:
I sm seeing what you are seeing. I am seeing it in uba,zenith and gtb because of the management team.
Fbn has had bad management for years now


Did you also see the dilution coming and the dividend after the dilution,
Re: Nigerian Stock Exchange Market Pick Alerts by Streetinvestor2: 10:54pm On Jun 24
Hedgefunds:



Did you also see the dilution coming and the dividend after the dilution,
The new fund being raised is not going to be locked in a vault. It will generate enough profits to cover the dilution and new eps,which will determine dividend. This I can say for the management of the 3 banks I mentioned.If they have gone the way of foreign loan for such amount .Does it mean they won't be servicing the loan and still make something as for the business as profit. .
Bigger fund means bigger businesses transaction and bigger profits.You use money to make more money
.If you put all the fund they want to raise can it build 19 billion dollar refinery of alhaji

1 Like

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