BabsO2:


Those fx gains are not cash flow. They are FX assets that have a translational gain in Naira. Those fx financial assets may even be tied more to foreign subsidiaries of these banks. To monitize it into naira will even require selling of the financial assets.

olig:
See your government; 50% tax on FX gains

Princkez:
with bonus...2new for 1held

akinola98:


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? Right ??

onegentleguy:
On Accesscorp...
Anyone that understands the thing about NPR, TERP, the degree of % dilution of a RI and how an assets EM capacity can cover up for it, will have logical answers to the following;

1) Why there was a huge accumulation in the last few weeks spearheaded by one of the key stakeholder of the bank (Mr. AiG) despite what was clearly a supply side imbalance in the coys trade book.
2) Why the coys feasible % dilution in view of her planned RI @ N19.75 will have only but a minor impact on her earnings quality and resultant future reward to shareholders in the short to mid term.
3) Why the RI subscription peg is at a premium to the coys CMP yet June 7 (same date as the circular) was announced as the QD.

A smart investor can immediately infer that management may already have the funds on standby given the implied negative NPR in view of the RI peg.
Apparently, they do not necessarily need our money.
Again, a smart trader should also be able to see that the N2.5 disparity between the coys CMP and the proposed RI peg (ref: 19.75--17.25) could most likely be closed out in the short term.
...the coys TA stance is already given a clue. (short term directional bias in view... see chart below)

• Price action has been gaining momentum, rejecting a further BoS since retesting the N16+ level which doubles as a strong PSL.
• Fridays close was above it's short term TL and smooth HA.
• Double bottom since early April after repeatedly respecting the aforementioned smooth HA level.

A break and effective close above the neckline of that DBP (ref: N18.4) which should also imply a COCH will likely see the coy push up to the N21 region.
The RI data could be an added catalyst to make the asset a HPT.

Bottom line: Accesscorp might deliver a 20--31% return in the short term. (could be more)
Long term? Well, it's important to remember that the bank holds a fundamentally healthy slate and occupies the 3rd position on a list of 7 most under-priced quoted banking coys at present.

What to do? Pls kindly follow your instinct.

CAVEAT: NOT an investment advice. The need for due diligence should still take higher precedence ahead of this post.

debeey87:
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.

akinola98:


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? Right ??

onegentleguy:
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

Mills55:


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.

Bagwa:
I did my part DD

onegentleguy:
Breaking News

The Federal High Court presided over by Hon. Justice Aneke in *Suit No. FHC/CP/494/2021: Venus Construction Co Ltd & 13 Ors vs. Ocean & Oil Development Partner Ltd & Anor* has delivered its Ruling on an application brought by 5 aggrieved shareholders of Oando Plc to join in the suit and set aside the 7th June 2022 Order mamdating Ocean & Oil to buy out all Oando minority shareholders and for which Ocean & Oil wwnts to pay N7.07 per share as purchase price. The Court agreed with the Applicants that the Petitioners do not represent or have the consent of all Oando Shares to file the Petition and thus varied its Order dated 7th June 2022 which is now limited to the shares of the Petitioners who have agreed to sell their shares to Ocean & Oil at N7.07 per share since the Court CANNOT force Oando Minority Shareholders to sell their shares if they do not want to sell.

The implication of the Order is that the "Oando Go Private" scheme will NO longer fly and that the shares of the Minority Shareholders will no longer be acquired compulsorily as planned by Ocean & Oil.

The Federal High Court also awarded a cost of N100k against the Petitioners and in favour of the Applicants.

Time for OANDO to fly! ✈️✈️

Perhaps the time of reckoning has come.

It is well

SonofElElyonRet:


We would consider this a corroboration of Bagwa's earlier post of same story with exact same wordings... NSPEMPA take note

vacanci:


Some guys and their crew members trying to cash out on Oando using that fake news.
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.
Guys be careful

vacanci:


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

Princkez:
https://nairametrics.com/2024/07/18/court-says-oando-minority-shareholders-cannot-be-forced-to-sell-their-shares/

Mankind2024:
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.

Raider76:


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

Mankind2024:
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.
Oando is a very liquid stock.
How many shareholders are here that can affect its liquidity
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.

Streetinvestor2:
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

vacanci:


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

vacanci:


Oh. Ok. This morning. That's how it should be. Good to always have news source.
Thank you

BullBearMkt:

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.

Agbalowomeri:


Are you guys sure nairametrics didn't pick it from here😂

Agbalowomeri:


Are you guys sure nairametrics didn't pick it from here😂

Agbalowomeri:


Are you guys sure nairametrics didn't pick it from here😂

Zegra:


Lol
It's possible, no single media outlet carried the news except nairametrics

talk2me2:
Fake