BullBearMkt:

@ndept, I was about to fulfill my promise to you during the week, but when I checked your profile, I realised you are more of FA guy. In order not to waste my time, let me know your thoughts on ETRANZACT.

It is good to follow who know road and you have a sharp eye for seeing DB.

We're getting there...

DANGREFINE
DANGFERT

https://nairametrics.com/2024/07/14/breaking-dangote-refinery-to-list-on-the-exchange-first-quarter-2025/

KarlTom:
We're getting there...

DANGREFINE
DANGFERT

https://nairametrics.com/2024/07/14/breaking-dangote-refinery-to-list-on-the-exchange-first-quarter-2025/

so, who bought the 12.8% shares? Probably buhari!!! They all manipulated the whole transaction at the expense of Nigerians and awarded the shares to themselves. This was their plan from the beginning. You can imagine tinubu gathered the top business men to form a committee seeking advice from them, how on earth will they give him quality advice when they are out here to enrich themselves. The refinery is a perfect example on why the committee wouldn't work, buhari used both nnpc and CBN funds to establish the place and manipulated the process to own shares. But it's all good.

Raider76:


I understand you can trade it on the NGX floor under the Board OTC and Symbol RR24ACCESS. I tried it on Morgan iTrade. I found the reserve price was 1kobo per share but no bids or offers. I thought for 1kobo per share it is not worth the hassle so I didn't proceed

I've tried this for Fidelity bank and Access on Lead Capital's LeadTrader app and got an error of not sufficient shares. I mailed them and they said I need to contact the registrars for verification before I can trade them. Has anyone been able to trade theirs? If yes, did you go through this process?

chillykelly86:


I've tried this for Fidelity bank and Access on Lead Capital's LeadTrader app and got an error of not sufficient shares. I mailed them and they said I need to contact the registrars for verification before I can trade them. Has anyone been able to trade theirs? If yes, did you go through this process?

It is not what you can do yourself. You cannot trade the shares yourself because it is done on the OTC board. And the two stocks you mentioned are not good market so no need for the stress.That is why no stock broker will have time for you.
You have three different forms to fill from the issuing house and scanned back to your broker.
The forms is sent to the registrar via your broker
and they now get approval to now trade it on your behalf.This two stocks are bad market because you can get it on the floor cheaper or just little difference that is why no one is buying from OTC.That is why you don't see bid and offer on them on OTC
Na majority shareholders get your right at the end or people applying for additional shares in the offer.

KarlTom:
We're getting there...

DANGREFINE
DANGFERT

https://nairametrics.com/2024/07/14/breaking-dangote-refinery-to-list-on-the-exchange-first-quarter-2025/

What a start to business. Sabotage, intrigue and all. Tony better get that his oilfield rolling to service Dangote oo. Oando is up, Aradel is running. I expect more investment(whenever we get them) in marginal field/operators to gear up production towards Dangote.

To think he's shopping for crude in the Americas is wild.

kolaish:
My thoughts kwa. It is good to follow who know road and you have a sharp eye for seeing DB. So, I presume Etranzact has. Nice one. It's good doing business with you

Thanks @kolaish! I never knew I had such a wonderful client. Guess I'll have to employ people to collect fees at the gate before coming to my non-existent business.

BullBearMkt:

Thanks @kolaish! I never knew I had such a wonderful client. Guess I'll have to employ people to collect fees at the gate before coming to my non-existent business.

I guess the DB means double bottom,lol

Right now there are many things which are not clear.
When the refinery eventually lists, all that is hidden shall be revealed...

SpaceX:
so, who bought the 12.8% shares? Probably buhari!!! They all manipulated the whole transaction at the expense of Nigerians and awarded the shares to themselves. This was their plan from the beginning. You can imagine tinubu gathered the top business men to form a committee seeking advice from them, how on earth will they give him quality advice when they are out here to enrich themselves. The refinery is a perfect example on why the committee wouldn't work, buhari used both nnpc and CBN funds to establish the place and manipulated the process to own shares. But it's all good.

VFD Group: A Financial Goldmine or Value Trap for Investors?
VFD Group, a Nigerian conglomerate, has been making waves in the financial industry with its diverse portfolio and strategic investments. However, the question on every investor's mind is: Is VFD Group a financial goldmine or a value trap? I will delve into the company's financial performance, growth potential, and risk factors to help investors make an informed decision.

Financial Goldmine:
- Diversified portfolio across financial services, hospitality, real estate, and energy
- Strategic investments in emerging markets with high growth potential
- Impressive financial performance in recent years, with significant revenue growth and profit margins; however, in 2023, VFD Microfinance incurred significant losses, which impacted the group's financial reports, attributed to forex crisis. I believe this is a cover-up, considering the substantial profit in 2022. It is surprising that a company of this stature did not have a forex reserve, especially since a self investor like myself has maintained a domiciliary account with at least $15,000 balance since 2015/16 to hedge against unpredictable exchange rates. It appears that the directors appropriated the entire 2022 profit without considering the future, and later attributed the poor management to forex impact.

Value Trap:
- Limited liquidity in some investments, making it difficult for investors to exit
- High risk associated with emerging markets, susceptible to economic and political volatility
- Potential for significant volatility in financial performance, impacting investor returns

The management of VFD Group has not been transparent about the real reasons behind the 2023 losses.

To sum up, VFD Group presents a mixed bag for investors. While it offers promising growth potential and diversified investments, it also comes with significant risks. Investors must carefully evaluate their risk tolerance and investment goals before deciding whether VFD Group is a financial goldmine or value trap for them.

Disclosure:
I hold 10,000+ shares of VFD Group in my investment portfolio.

This VFD although I have little shares there from their days in NASD but fear of topping it up as being an issue lately especially after their 2023 financials

Same way SpaceX wanted to manipulate NSEMPA members. Lol

SpaceX:
so, who bought the 12.8% shares? Probably buhari!!! They all manipulated the whole transaction at the expense of Nigerians and awarded the shares to themselves. This was their plan from the beginning. You can imagine tinubu gathered the top business men to form a committee seeking advice from them, how on earth will they give him quality advice when they are out here to enrich themselves. The refinery is a perfect example on why the committee wouldn't work, buhari used both nnpc and CBN funds to establish the place and manipulated the process to own shares. But it's all good.

Omo only d ting dey go pull back be my gbola after releasing inside yomama

BullBearMkt:
SHOULD OANDO PULLBACK
In case there is a pullback on OANDO, 3 possible scenario to BUY the stock (IF INTERESTED)
1. Highly Aggressive: 14.95 - 15.60
2. Aggressive Area: 12.50 - 13.85
3. Conservative: 8.75 - 9.75

PLAN YOUR TRADES AND TRADE YOUR PLANS

KarlTom:
We're getting there...

DANGREFINE
DANGFERT

https://nairametrics.com/2024/07/14/breaking-dangote-refinery-to-list-on-the-exchange-first-quarter-2025/

Anytime them ready, we pray for good health and sound mind, per usual we go add to the table!

megawealth01:
This VFD although I have little shares there from their days in NASD but fear of topping it up as being an issue lately especially after their 2023 financials

* If you want to top up and you have enough patience, do it.
* The only period loss was recorded, according to findings/news was 2023 fye when it was listed.
* Q1 2024 they were back in profit
* Hopefully Q2 will be good too
* As for liquidity, as soon as bonus issue is added and listed, I believed it will boost the liquidity because additional 1bn shares has been created
* VFDGROUP was listed at around 244 or so, and has been trading below the listed price shortly after since then, even at ex-bonus
* The Company is into many services including power, hospitality, Fintech, financial services, asset management, etc.
* They have an MM arm, which makes me Believe they know the rule of the game and can actually play it when they're ready or the time is right.
* Its currently selling @40.20/40.70 intraday, I think it cheap, trading at 52wks low......and if it goes lower from there, it can only present good bargain.
** This is just my opinion, only Mr. Time will throw more light on it if it's right or not.

KarlTom:
Right now there are many things which are not clear.
When the refinery eventually lists, all that is hidden shall be revealed...

You know that Dangote never does things in a hurry. Remember the talk of listing the cement business on London Stock Exchange? Or the purchase of Arsenal? For me when he says 2025 I add a couple of years.

SpaceX:
so, who bought the 12.8% shares? Probably buhari!!! They all manipulated the whole transaction at the expense of Nigerians and awarded the shares to themselves. This was their plan from the beginning. You can imagine tinubu gathered the top business men to form a committee seeking advice from them, how on earth will they give him quality advice when they are out here to enrich themselves. The refinery is a perfect example on why the committee wouldn't work, buhari used both nnpc and CBN funds to establish the place and manipulated the process to own shares. But it's all good.

Buhari led this country for 8 years and some people still don't know who he is.

yMcy56:

There are NGX rules that guides this........
Shareholders' will be aware but I don't think they've got more to say about the sales......than to give approval I think.
SEC needs to give approval for such sales and also ensure is in the best interest of the shareholders.
You can go thru Rule 15.32 and the amendments thereafter (it has more pages than the screenshot)

Thanks Myc. We will see when TRANSPOWER gives out its shareholding structure.

Ding!!

Mankind2024:
VFD Group: A Financial Goldmine or Value Trap for Investors?
VFD Group, a Nigerian conglomerate, has been making waves in the financial industry with its diverse portfolio and strategic investments. However, the question on every investor's mind is: Is VFD Group a financial goldmine or a value trap? I will delve into the company's financial performance, growth potential, and risk factors to help investors make an informed decision.

Financial Goldmine:
- Diversified portfolio across financial services, hospitality, real estate, and energy
- Strategic investments in emerging markets with high growth potential
- Impressive financial performance in recent years, with significant revenue growth and profit margins; however, in 2023, VFD Microfinance incurred significant losses, which impacted the group's financial reports, attributed to forex crisis. I believe this is a cover-up, considering the substantial profit in 2022. It is surprising that a company of this stature did not have a forex reserve, especially since a self investor like myself has maintained a domiciliary account with at least $15,000 balance since 2015/16 to hedge against unpredictable exchange rates. It appears that the directors appropriated the entire 2022 profit without considering the future, and later attributed the poor management to forex impact.

Value Trap:
- Limited liquidity in some investments, making it difficult for investors to exit
- High risk associated with emerging markets, susceptible to economic and political volatility
- Potential for significant volatility in financial performance, impacting investor returns

The management of VFD Group has not been transparent about the real reasons behind the 2023 losses.

To sum up, VFD Group presents a mixed bag for investors. While it offers promising growth potential and diversified investments, it also comes with significant risks. Investors must carefully evaluate their risk tolerance and investment goals before deciding whether VFD Group is a financial goldmine or value trap for them.

Disclosure:
I hold 10,000+ shares of VFD Group in my investment portfolio.

Hmmm.. I bought 1,000 and got 4 thousand bonus ... 5,000 is good enough for me .. the Chairman said they'll def make profit this year.. I hope it's hefty

With the upcoming UCAP stakeholders meeting scheduled for tomorrow, do we see the stock flying again in order to take buy position for the declared Bonus?

Is another full bid drive loading?

yMcy56:

* If you want to top up and you have enough patience, do it.
* The only period loss was recorded, according to findings/news was 2023 fye when it was listed.
* Q1 2024 they were back in profit
* Hopefully Q2 will be good too
* As for liquidity, as soon as bonus issue is added and listed, I believed it will boost the liquidity because additional 1bn shares has been created
* VFDGROUP was listed at around 244 or so, and has been trading below the listed price shortly after since then, even at ex-bonus
* The Company is into many services including power, hospitality, Fintech, financial services, asset management, etc.
* They have an MM arm, which makes me Believe they know the rule of the game and can actually play it when they're ready or the time is right.
* Its currently selling @40.20/40.70 intraday, I think it cheap, trading at 52wks low......and if it goes lower from there, it can only present good bargain.
** This is just my opinion, only Mr. Time will throw more light on it if it's right or not.

Thanks sis

SonofElElyonRet:
Hmmm.. I bought 1,000 and got 4 thousand bonus ... 5,000 is good enough for me .. the Chairman said they'll def make profit this year.. I hope it's hefty

Has it been added?
I mean the bonus

UCAP on the move, meeting is tomorrow and result, bonus and interim dividend to be announced.

megawealth01:
Loud statement... Nawaoh
Mcy you do me bad oooooo. You didn't email me geregu at 399 back then
This COY eh... Una dey enjoy ooooo
Seems it will go up further up maybe to 1200-1500...

You that already ported to Crypto that time....
Everything discussed on GEREGU was done here nah.......right from day one it was listed @N100....on 5th Oct 2022

GTCO

https://doclib.ngxgroup.com/Financial_NewsDocs/41689_GUARANTY_TRUST_HOLDING_COMPANY_PLC-GTCO_PUBLIC_OFFER_-_STATUTORY_ADVERTISEMENT_CORPORATE_ACTIONS_JULY_2024.pdf

yMcy56:

You that already ported to Crypto that time....
Everything discussed on GEREGU was done here nah.......right from day one it was listed @N100....on 5th Oct 2022

like seriously it moved from #100 to 1000 in just 2 yrs.Nobe small thing oh

Streetinvestor2:
like seriously it moved from #100 to 1000 in just 2 yrs.Nobe small thing oh

Ote hand. Na so we want send am Tony for tutorial.

Raider76:


I understand you can trade it on the NGX floor under the Board OTC and Symbol RR24ACCESS. I tried it on Morgan iTrade. I found the reserve price was 1kobo per share but no bids or offers. I thought for 1kobo per share it is not worth the hassle so I didn't proceed

Please does anyone know if these rights in Fidelity and Access will qualify for 2024 Half Year interim dividends(if any)? Please, if you have copies of their prospectus, kindly share. If you're also aware of allotment dates, kindly share. Thanks

Streetinvestor2:
It is not what you can do yourself. You cannot trade the shares yourself because it is done on the OTC board. And the two stocks you mentioned are not good market so no need for the stress.That is why no stock broker will have time for you.
You have three different forms to fill from the issuing house and scanned back to your broker.
The forms is sent to the registrar via your broker
and they now get approval to now trade it on your behalf.This two stocks are bad market because you can get it on the floor cheaper or just little difference that is why no one is buying from OTC.That is why you don't see bid and offer on them on OTC
Na majority shareholders get your right at the end or people applying for additional shares in the offer.

Thanks for the in-depth explanation.

Streetinvestor2:
like seriously it moved from #100 to 1000 in just 2 yrs.Nobe small thing oh

Watch what GTCO will do in 2 years

nosa2:


Watch what GTCO will do in 2 years

What was it 2 years ago?