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Nairaland Forum / Nairaland / General / Investment / Nigerian Stock Exchange Market Pick Alerts (11374255 Views)
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Re: Nigerian Stock Exchange Market Pick Alerts by Mpeace(m): 9:03pm On Jul 17 |
BabsO2:Then why tax them if they are not monotized. Will the banks pay the said tax buy selling those assets or from the small money wey them fey follow give us the usual peanut. |
Re: Nigerian Stock Exchange Market Pick Alerts by Streetinvestor2: 9:05pm On Jul 17 |
olig:If they try it.i won't put my money in any bank right issue or public offer. They will make banks capital raising to fail because investors will see it as a way to steal shareholders fund.They wanted to do it with pension fund and Nigerians raised alarm 7 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by debeey87(m): 10:02pm On Jul 17 |
For those seeking to trade their rights, access bank offers an option I am yet to explore. Item 17 on the offer prospectus gives information on how to renounce and trade one's right, has anyone explored this option and filling share transfer form with their brokers. My only concern will be at what price it will be sold. |
Re: Nigerian Stock Exchange Market Pick Alerts by akinola98: 10:50pm On Jul 17 |
Princkez: I don’t understand o ….. does it mean if someone has like 1000 shares in UCAP …. The new bonus will 2000 more shares ….. making a total of 3000 shares altogether ![]() |
Re: Nigerian Stock Exchange Market Pick Alerts by Panadee: 10:52pm On Jul 17 |
akinola98: Right. |
Re: Nigerian Stock Exchange Market Pick Alerts by onegentleguy: 11:10pm On Jul 17 |
onegentleguy: debeey87: In principle, rights are tradable when there's a POSITIVE SPREAD between a rights offer peg and the market price. At today's closing price of N19.35, you have an implied negative spread of 40k in view of the RI peg. (N19.75) Refer to the post above. (see parts in bold) What you trade when you decide to renounce your rights (part or full) as an existing shareholder is that spread/margin, and in some cases, a little added premium to it. But first there has to be a positive spread no matter how small. Should ACCESSCORP move to N20 tomorrow, you'll have a tradable margin of 25k. (20--19.75) However with certain class of assets (financial health standing in view) and depending on what is perceived as the degree of impact (dilution) from such RI exercise, it's possible to see a situation where rights are traded above their actual spread. With the example above, an investor may decide to buy your rights above that 25k spread (I.e 30, 35 or even 50k) if they deem the asset value accretive. But where there's a negative spread, there'll likely be weak apathy to take up/purchase such rights, hence rendering it momentarily untradable. I already explained why these things happen and why the men in ACCESSCORP are creating a "discouraging atmosphere" for existing shareholders to take up their rights. You can read through my previous post for more insights. It is well 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by presiade(m): 11:10pm On Jul 17 |
akinola98:However, a price mark-down to about one-third (1/3) of the qualification-date price will happen post bonus payment. |
Re: Nigerian Stock Exchange Market Pick Alerts by onegentleguy: 11:18pm On Jul 17 |
Why do I get the feeling that like OANDO, DS/NASCON (Dangote foods) will also play a fast one on most folks. ...it too, will come like a thief in the night... and then the time of reckoning! ![]() ![]() To all those who subscribed to my outline/recommendations and investment guide--Series 1, you may wish to revisit your outline under the heading "other classified market based information & guide-- what you should know" to help serve as a reminder. (on DS/NASCON) Same heading I also did a brief on OANDO. Pls be guided accordingly. Regards |
Re: Nigerian Stock Exchange Market Pick Alerts by Mills55: 12:59am On Jul 18 |
onegentleguy: I respect your analysis here. But since you choose to commercialize your opinion, I'm always careful with your write up. We are here to help ourselves. If you have any coded message for those that subscribed to your opinion, I think you know the channel to reach them. No need coming to this place to write all this. This is an indirect advert to lure more people to your side for more payment. If everyone that does selfless service here should follow suit, I think this thread will be dead. 25 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by megawealth01: 1:39am On Jul 18 |
Mills55: It's a free world |
Re: Nigerian Stock Exchange Market Pick Alerts by Capitas7: 3:36am On Jul 18 |
I think any company with asset management, investment banking and credit services as core business areas will be a rewarding enterprise in the current generation and the ones to come. With unrepentant global inflation, ever higher cost of living and increasing desires to live unaffordable lifestyles, many more people are beginning to see the importance of investing and financial education. This promises increasing client base for one such as UCAP. And the fact that they are able to focus their research on their core business services gives them an advantage over commercial banks which on the other hand, are exposed to strict regulations and high risks. Good management and great track records make the investment even more worth it. #A subsector to watch in any economy. 3 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by Mankind2024: 4:47am On Jul 18 |
NIDF A Shining Star in Nigeria's Investment Landscape Nigeria Infrastructure Debt Fund (NIDF) has once again demonstrated its resilience and attractiveness as a top-notch investment vehicle, as evidenced by its commendable Q2 unaudited reports. With a total return of 188.1% since inception and a share price of 114.00 NGN as of July 17, 2024, NIDF is an investment opportunity that savvy investors cannot afford to overlook. The fund's impressive performance can be attributed to its well-thought-out investment strategy, which prioritises capital preservation and attractive returns. By focusing on investments with a high degree of certainty about future cash flows, NIDF has built a diversified portfolio that spans various sectors, including power generation, transportation, and telecommunications. NIDF's investment approach has yielded impressive results, with an indicative share trading liquidity of US$3.66M (NGN2.94B) over the past 12 months. This level of liquidity is a testament to the fund's appeal to investors seeking a stable and profitable investment haven. The fund's management team, led by Chapel Hill Denham Management Limited, has demonstrated exceptional expertise and dedication to delivering value to investors. With a rating of "A+" from Agusto & Co., the fund's management team has earned the trust of investors and stakeholders alike. In light of NIDF's commendable Q2 performance, investors would do well to consider adding this fund to their portfolio. With its attractive returns, diversified portfolio, and experienced management team, NIDF offers a compelling investment proposition that aligns with the goals of discerning investors. NIDF is an investment gem that shines brightly in Nigeria's investment landscape. Its impressive performance, robust investment strategy, and experienced management team make it an attractive addition to any investment portfolio. Don't miss out on this opportunity to grow your wealth with NIDF. The only issue with this fund is relatively low liquidity, possibly due to holders not being interested in trading their shares. ****DISCLOSURE****** Thumb up to ymcy56, our own NSEMPA Madam CNN, who first hinted us about this fund on this forum when it was first listed on NGX. Keep up the good work! She no dey charge for her news SERVICE👍👍👍👍 Note that I hold 10,000 units in my portfolio. NOT AN INVESTMENT ADVICE, DUE DILIGENCE IS CRUCIAL FOR SEIF INVESTORS. 5 Likes
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Re: Nigerian Stock Exchange Market Pick Alerts by SonofElElyonRet: 6:08am On Jul 18 |
Bagwa: If people act on this and it turns out to be fake news, NSPEMPA will roast you o |
Re: Nigerian Stock Exchange Market Pick Alerts by SonofElElyonRet: 6:12am On Jul 18 |
onegentleguy: We would consider this a corroboration of Bagwa's earlier post of same story with exact same wordings... NSPEMPA take note |
Re: Nigerian Stock Exchange Market Pick Alerts by vacanci: 7:05am On Jul 18 |
SonofElElyonRet: Some guys and their crew members trying to cash out on Oando using that fake news in my own opinion. I am surprised how OGG jumped at it without verification. Not a single source online. Oando is too big for such a news to not have hit even Twitter or nairametrics and proshare. I smell foul play by the authors of this report. I will be surprised if it's a true judgement smuggled out without any notice. We watch and see. Guys be careful 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by Mankind2024: 7:20am On Jul 18 |
Some individuals are known for promoting their own interests at any cost, with the sole intention of unloading their perceived value trapped stocks on unsuspecting investors who fail to do their due diligence. This unethical practice has been ongoing for years. These individuals often disguise their true intentions by including a disclaimer that reads 'not investment advice' while concealing the number of shares they hold in their portfolios. It would be a welcome idea if Mr OGG can disclose his holding in OANDO before dumping it on self investors. Yes,it's a free World, noone has given a testimony to the stocks pick by OGG in this forum. vacanci: |
Re: Nigerian Stock Exchange Market Pick Alerts by Princkez: 7:28am On Jul 18 |
1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by Raider76: 7:36am On Jul 18 |
vacanci: Nairametrics has reported it oo.. : https://www.google.com/amp/s/nairametrics.com/2024/07/18/court-says-oando-minority-shareholders-cannot-be-forced-to-sell-their-shares/%3famp=1 |
Re: Nigerian Stock Exchange Market Pick Alerts by KarlTom: 7:40am On Jul 18 |
Re: Nigerian Stock Exchange Market Pick Alerts by KarlTom: 7:42am On Jul 18 |
This is a direct attack on the person of OneGentleGuy... ![]() Mankind2024: |
Re: Nigerian Stock Exchange Market Pick Alerts by vacanci: 7:45am On Jul 18 |
Raider76: Oh. Ok. This morning. That's how it should be. Good to always have news source. Thank you |
Re: Nigerian Stock Exchange Market Pick Alerts by Payunsin: 8:03am On Jul 18 |
Mankind2024: |
Re: Nigerian Stock Exchange Market Pick Alerts by olig(m): 8:11am On Jul 18 |
The questions now are: 1) Did the banks sell all their dollars because the value increased? Or are they supposed to sell all now because they want to pay taxes? 2) Will they pay the dollars investment back in Naira when the dollar investors needs their money? 3) What would have happened if dollars lost its value like Naira. Will the government pay the banks in that case? 4) Why should FX gain taxed separately? When they were all paying taxes before. I am sure they have even paid some taxes on the FX gain already. Because it is part of their profits, on which they pay taxes. 5) Why didn't the government itself do the business; buy and keep the dollars before they devalue the Naira. Because they know ahead. Unlike the banks that is just taking risk; it could have also crashed/crushed them Streetinvestor2: 3 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by BullBearMkt(m): 8:15am On Jul 18 |
vacanci:...bro, it's in the news https://nairametrics.com/2024/07/18/court-says-oando-minority-shareholders-cannot-be-forced-to-sell-their-shares/#google_vignette ![]() ![]() ![]() ![]() ![]() |
Re: Nigerian Stock Exchange Market Pick Alerts by BullBearMkt(m): 8:26am On Jul 18 |
vacanci:I think we should exercise caution before accusing those who share information here. If you're not aware of the details, ask for the source. If you're still doubtful after their response, it's best to leave it at that. We don't want to discourage people from sharing valuable info here in the future. ![]() ![]() ![]() ![]() ![]() 10 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by Agbalowomeri: 8:36am On Jul 18 |
BullBearMkt: Are you guys sure nairametrics didn't pick it from here😂 5 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by BullBearMkt(m): 8:46am On Jul 18 |
Agbalowomeri:Even at that, info/rumours are integral parts of stock market ![]() ![]() ![]() ![]() ![]() 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by SonofElElyonRet: 8:55am On Jul 18 |
Re: Nigerian Stock Exchange Market Pick Alerts by Zegra: 9:28am On Jul 18 |
Agbalowomeri: Lol ![]() It's possible, no single media outlet carried the news except nairametrics |
Re: Nigerian Stock Exchange Market Pick Alerts by Agbalowomeri: 9:37am On Jul 18 |
Zegra: Remember he was active on this forum a while back |
Re: Nigerian Stock Exchange Market Pick Alerts by mikeapollo: 9:44am On Jul 18 |
talk2me2:How did you know it was fake without waiting to confirm or verify? |
Re: Nigerian Stock Exchange Market Pick Alerts by ndept: 9:54am On Jul 18 |
@bagwa, @onlygentleguy. Thanks for all you are doing here and please keep the flag flying. It is good to have first time information before any other platforms. I encouraged you not to be deterred by comments from some of us, it is all in a bid to ensure that due diligence is done by all before taking position. 7 Likes |
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