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Nairaland Forum / Nairaland / General / Investment / Nigerian Stock Exchange Market Pick Alerts (11440848 Views)
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Re: Nigerian Stock Exchange Market Pick Alerts by mikeapollo: 10:37am On Jul 25 |
yMcy56:It is old news because It stills refers to an approval from NUPRC which had already been given. NURPC itself announced about 3 weeks ago, that the transaction has been completed. This is just ENI's own communication to the public about the deal; but it is not saying anything new. Part of the article reads...''On July 3, the NUPRC announced that Oando had completed the acquisition of 100 percent shares of Eni in its subsidiary, NAOC, adding that an announcement was imminent.'' If NUPRC announced on July 3 (3 weeks ago) that Oando had completed the acquisition of 100% of ENI shares in NAOC, then it necessarily means that regulatory approval had already been given to both parties by NUPRC. ENI is only making its official release or publication now. Oando has always been the one communicating to the public on the deal, apparently to boost investor confidence because of their difficult recent history. 4 Likes 1 Share |
Re: Nigerian Stock Exchange Market Pick Alerts by yMcy56(f): 10:52am On Jul 25 |
@mikeapollo Here's OANDO news, and its just been published on NGX * Instead of confirming it, youre busy arguing old stuff. https://doclib.ngxgroup.com/Financial_NewsDocs/41757_OANDO_PLC-OANDO_PRESS_RELEASE__CORPORATE_ACTIONS_JULY_2024.pdf 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by Bbbwings: 10:53am On Jul 25 |
gamaliel9: ![]() ![]() |
Re: Nigerian Stock Exchange Market Pick Alerts by Krisuba: 10:57am On Jul 25 |
Will Sugar Ever recover like this?? Fund has been depleted and no hope yet!! 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by emmaodet: 11:01am On Jul 25 |
chimex38: I know bro but i do sell my shares on Ucap and my ucap account is credited almost instantly to allow me but another shares instantly. |
Re: Nigerian Stock Exchange Market Pick Alerts by Agbalowomeri: 11:03am On Jul 25 |
Krisuba: Funds deplete or profit deplete |
Re: Nigerian Stock Exchange Market Pick Alerts by yMcy56(f): 11:06am On Jul 25 |
mikeapollo:Hope you can read in the letter where it says "both parties cañ proceed with the completion of the transaction " ![]() Is it ENI that made the official release? 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by Hogwarthtrades: 11:09am On Jul 25 |
Babygal2020: THanks to you too!! we are 4geda in tubaba's parlance. BullBearMkt: 1995 may not be active anymore if you have not been paying annual returns. Check out this link [url] https://post.cac.gov.ng/search/type/business-name[/url] . You may need to pay a fee for more info of active status or otherwise. Another route which is unnecessarily long and time wasting is to search for a business or entity name like you are setting up a new business. It should give you info about the active status. |
Re: Nigerian Stock Exchange Market Pick Alerts by mikeapollo: 11:27am On Jul 25 |
yMcy56: The regulator that decides, NUPRC, had announced officially on July 3, that the deal is 100% complete. This carries more weight in my estimation. What Oando and ENI are saying does not add anything new to what NUPRC had said 3 weeks earlier. Hence, this is still old news. 3 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by chimex38: 11:37am On Jul 25 |
emmaodet:If You mean Ucaps own user (wallet) account? Yes, it'd credited instantly. Same goes for other brokage firms. But if you mean into your bank account(DCS), that is the exclusive prerogative of CSCS and it takes 3 working days and it's a free service across board.. But as Oga Emma has highlighted, some brokerage firms do offer extra services to credit your bank account directly instead of waiting for 3 working days while on DCS. But as he also pointed out, this service is not free as you have to agree to their conditions of service (commission per annum from all your sell orders in a year). Unless you are saying its a free service from Ucap where they credit your bank account(not wallet account) instantly despite you being on DCS? ![]() |
Re: Nigerian Stock Exchange Market Pick Alerts by sky2891: 11:38am On Jul 25 |
Re: Nigerian Stock Exchange Market Pick Alerts by emmasoft(m): 11:47am On Jul 25 |
emmaodet: @emmaodet. This is what the mail you received means: Currently, you didn't indicate direct settlement of your sales proceeds, please note that direct settlement doesn't mean you will get the proceeds of your sales same day. it will still follow the T+3 settlement period. What it simply means is that CSCS Plc will be the one to credit your bank account on the 3rd day after sales ie the proceeds don't go through your trading account with the broker (investment one) The alternative given to you is the charge you will pay if you want your money before the stipulated settlement date, in this case, you are treated as a customer borrowing money from investment one. it's not robbery. Other firms also have their policy around that. Just like Pa Emma said in his response, you don't pay anything if you wait for the T+3 settlement period or wish to use the proceeds to buy another stock even on the same day of sale of stock. If you wish to opt for direct settlement, send a mail requesting the direct settlement form, complete it, and send it back to them, it will be processed and you will be getting your sales proceeds directly from cscs from now on. Note also that this option is unfavorable if you sometimes want to use your sales proceeds to buy more stocks immediately and remember cscs will still follow the T+3 settlement period before you get credited. 5 Likes 1 Share |
Re: Nigerian Stock Exchange Market Pick Alerts by KarlTom: 11:48am On Jul 25 |
That does not make the announcement by the parties involved irrelevant or old. It is fresh news... ![]() Regulatory approval simply means that they are allowed to enter a deal. Completion of the deal is the signing of ALL agreements and paperwork which I believe just happened yesterday. mikeapollo: 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by unite4real: 11:50am On Jul 25 |
sky2891: better than Transcorp. Transcorp hotel EPS is 65k, floor price N98.40, Price to earning ratio is 158x Ikeja EPS is 62k, floor price is N7.10, Price to earning ratio is 11x 3 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by zendi: 11:58am On Jul 25 |
mikeapollo: My people want a new bull. We want one bull for the NUPRC approval, one for the OANDO Press Release and yet another for the Reuters Reporting of the same news. ![]() ![]() 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by Streetinvestor2: 12:04pm On Jul 25 |
Agbalowomeri:Nice try.i am not sympathising with the bank .I am sympathising with myself because I partly own the bank....haba accountant you should know better. I don't buy to trade and japa for two yrs.i buy to hold as long as my investment is bringing good dividend. This excessive work in the other room is making you think like Mr townhall .It is high timed you begin to slow down on that activity. It is making you get high oh 7 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by mikeapollo: 12:08pm On Jul 25 |
zendi: Lol! Now I get the gist/trick! 😊 Frankly, the bottom line is the same. There is no fundamental changes/additions in the Oando-ENI deal announcements from what we had known several weeks ago. |
Re: Nigerian Stock Exchange Market Pick Alerts by mikeapollo: 12:09pm On Jul 25 |
KarlTom: Frankly, the bottom line is the same. There is no fundamental changes/additions in the Oando-ENI deal announcements from what we had known several weeks ago. |
Re: Nigerian Stock Exchange Market Pick Alerts by emmanuelewumi(m): 12:09pm On Jul 25 |
emmaodet: You rollover after 6 months provided you have paid at least the accumulated interest on the loan. Assuming you got a loan of N1 million at 26% for 6 months. Your accumulated interest after 6 months is 130k. If you paid 230k at maturity, that means you have liquidated your interest of 130k and paid down 100k from the principal. You can then rollover 900k for another 6 months . You continue to rollover for the next 3 years provided you are servicing the interest 2 Likes 1 Share |
Re: Nigerian Stock Exchange Market Pick Alerts by BullBearMkt(m): 12:10pm On Jul 25 |
Hogwarthtrades:Thanks a lot! I appreciate it, very helpful link. ![]() ![]() ![]() ![]() ![]() 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by unite4real: 12:13pm On Jul 25 |
unite4real: Transcorp hotel book value per share is N7.34 while current market price is N98.4 Ikeja book value per share is N11.4 while current market price is N7.10 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by emmanuelewumi(m): 12:13pm On Jul 25 |
emmaodet: You can use the fund to buy another share before settlement but proceeds from your sale can't be psid into your account before settlement unless you pay the 5k charges 1 Like 1 Share |
Re: Nigerian Stock Exchange Market Pick Alerts by sterlingD(m): 12:20pm On Jul 25 |
MORISON INDUSTRIES PLC Q2 2024 https://doclib.ngxgroup.com/Financial_NewsDocs/41760_MORISON_INDUSTRIES_PLC.-_QUARTER_2_-_FINANCIAL_STATEMENT_FOR_2024_FINANCIAL_STATEMENTS_JULY_2024.pdf 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by Damasco: 12:25pm On Jul 25 |
emmanuelewumi: oga Emma How can I partake directly in the 91 days maturity date auction? My broker only offers the 2 & 3 years maturity dates Thank you in advance |
Re: Nigerian Stock Exchange Market Pick Alerts by emmanuelewumi(m): 12:35pm On Jul 25 |
Damasco: Treasury Bills are for a maximum of 365 days. What you got from your stockbroker should be savings bond |
Re: Nigerian Stock Exchange Market Pick Alerts by emmaodet: 12:40pm On Jul 25 |
emmanuelewumi: Perfect. This is very clear. This is what i wanted to ask you privately before. Thanks |
Re: Nigerian Stock Exchange Market Pick Alerts by emmasoft(m): 12:43pm On Jul 25 |
emmaodet: I think @emmaodet, the usage of the term direct settlement/payment is not correctly applied. For any investor that opts for direct payment of sales proceeds, it can't go through your trading account it's sent to CSCS who will credit you after 3 days of your stock sales. The fact that you didn't get your proceeds in your trading account, means you are currently on a direct settlement option. You will need to opt out of it by completing the form and indicating your desired option. Based on your first post, you explained the opposite of what you preferred. 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by emmanuelewumi(m): 12:47pm On Jul 25 |
emmaodet: Better you asked here. Other people can learn. Please note that you will pay a rollover fee of 1% on the outstanding loan balance. In the example given earlier you will pay a rollover fee of 9k on the outstanding loan of 900k It is only FSDH Capital that does not charge rollover fees 3 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by emmaodet: 12:50pm On Jul 25 |
emmasoft: Okay bro. Thanks very much. I will mail them to opt me out from the direct settlement then. |
Re: Nigerian Stock Exchange Market Pick Alerts by emmaodet: 12:51pm On Jul 25 |
emmanuelewumi: Okay, well noted. Doest FSDH also accept dollar fund as a collateral like ucap? because i prefer that against devaluation compared to naira MMF as collateral with Stanbic |
Re: Nigerian Stock Exchange Market Pick Alerts by ProphetUtuocha: 12:53pm On Jul 25 |
Re: Nigerian Stock Exchange Market Pick Alerts by sterlingD(m): 12:54pm On Jul 25 |
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