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Re: Nigerian Stock Exchange Market Pick Alerts by Streetinvestor2: 11:48am On Aug 06 |
Bovis:The man who saw tomorrow or na God you be 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by SonofElElyonRet: 11:52am On Aug 06 |
yMcy56: They know something about Oando.. even the Japaul attention might be because of the N20b jagwa spoke about... although the price is also attentively low *Bagwa |
Re: Nigerian Stock Exchange Market Pick Alerts by ololufemi: 11:54am On Aug 06 |
yMcy56: Oga yMcy56, I throw salute o! 🫡 I believe the time for harvest for DS and NS will come. It's just a matter of patience and commitment. By the time the foreign exchange rates stabilizes and the effect of their backward integration project is fully operational, Dangote Sugar may even start exporting raw sugar to other Countries. The deficit in that local sugar industry is massive (na like oil palm) and as Oga OneGentleGuy will always say, Mr Time is usually one's best friend in the market, but many do not realise it. Many have learnt this lesson from Presco PLC and Okomu PLC which sold for around NGN10 in 2010, paid several dividends, given bonuses and are sitting at a geometric price standard today. Many of us shouldn't even be buying these stocks for ourselves but for the children and future grandchildren, and great grandchildren sef. 5 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by KarlTom: 11:55am On Aug 06 |
There must be something driving this current rally... yMcy56: |
Re: Nigerian Stock Exchange Market Pick Alerts by megawealth01: 12:00pm On Aug 06 |
yMcy56: We go move DS soon |
Re: Nigerian Stock Exchange Market Pick Alerts by megawealth01: 12:01pm On Aug 06 |
ololufemi: |
Re: Nigerian Stock Exchange Market Pick Alerts by unite4real: 12:01pm On Aug 06 |
yMcy56: NASCON has moved to 32.45 on Full bid now 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by megawealth01: 12:02pm On Aug 06 |
SonofElElyonRet: JAPAUL don join the gamble? |
Re: Nigerian Stock Exchange Market Pick Alerts by Ginalex(f): 12:04pm On Aug 06 |
yMcy56:Thank you o my oga 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by SonofElElyonRet: 12:07pm On Aug 06 |
megawealth01: I sold to buy Oando but i don re enter for long term.. i still have a gut feeling its going to be huge.. its more than a gut feeling.. you can call it spiritual analysis. (S.A).. not financial advice... |
Re: Nigerian Stock Exchange Market Pick Alerts by SonofElElyonRet: 12:13pm On Aug 06 |
While looking for news about Ellah lakes i came across below..... can the Ellah lakes experts say what impact this will have if any? Leadership News Ellah Lakes’ Major Investor Distributes Shares To Creditors, Shareholders Written by Olushola Bello 1 month ago ellah Conquering the clouds on a journey to Ta Xua with the team - Road Trip Vietnam Team - Nếm TV CBO Capital Partners (CBO) Limited, a major shareholder of Ellah Lakes Plc, has decided to transfer a portion of its equity stake to its shareholders and creditors in a move that will further dilute the ownership structure of Ellah Lakes. Ellah Lakes made this known in a statement signed by its head of Administration, Modupe Ejikeme. The chief executive officer, Ellah Lakes, Mr. Chuka Mordi said that CBO Capital Partners, a major shareholder of Ellah Lakes, is transferring a portion of its’ Ellah Lakes shares to its’ shareholders and creditors in a cross deal. He stated that this trade move is aimed at offsetting CBO’s outstanding obligations to CBO Shareholders, while simultaneously fulfilling Nigerian Exchange Limited’s (NGX) requirements on the free floating of Ellah Lakes shares. “By undertaking this strategic move, CBO is demonstrating its commitment to financial responsibility and compliance with regulatory standards set forth by the NGX. “The decision to transfer a portion of Ellah Lakes shares to its’ creditors not only help CBO manage its’ obligations effectively, but also enhances the liquidity and free float of Ellah Lakes shares in the market,” he explained. Mordi noted that this cross deal signifies a proactive approach by CBO to strengthen its’ financial position and support the stability and growth of Ellah Lakes Plc, saying that “we believe that this trade move will have a positive impact on all stakeholders involved and contribute to the overall success of Ellah Lakes Plc.” Related News Bank Lending Dips As Interest Rate Soars To 60% Nigeria Targets Fresh 50,000bpd Oil Output With New Crude Grade, Utapate Dangote Cement Grows Revenue By 139.9% In H1 Address Multiple Regulations In Digital Space, ITU Advises Federal Gov’t Ellah Lakes had signed many agreements in recent period for major projects that are expected to form the backbone of the company’s business diversification drive. It had reached an agreement to build a 600-tons sugar refinery in collaboration with Montserrado Investment Limited. The sugar processing facility is expected to run on 100 per cent renewable power. Ellah Lakes had earlier reached agreement with Ondo State on the development of a palm oil and cassava farm, covering about 5,000 hectares. Both partners would jointly develop and manage the farm for the cultivation of oil palm and cassava in Ondo state. Ellah Lakes had in August 2020 entered into exclusive discussions to acquire the entire issued capital of an oil palm processing company with substantial assets in Delta State. Ellah Lakes was incorporated on July 2, 1980 and was listed on the Nigerian Exchange (NGX) on January 14, 1993. Originally a fish-farming company, Ellah Lakes had recently embarked on a comprehensive restructuring and diversification of its businesses. In 2019, it acquired Telluria in order to diversify its product offerings in the agribusiness sector |
Re: Nigerian Stock Exchange Market Pick Alerts by mikeapollo: 12:21pm On Aug 06 |
megawealth01: Seems you dislike ''gambling'' in NGX very much. How did you make your megawealth in NGX if you did not gamble at all? It would pain me if you miss out on the fortunes from Oando ''gamble'' |
Re: Nigerian Stock Exchange Market Pick Alerts by mikeapollo: 12:24pm On Aug 06 |
megawealth01: Seems you dislike ''gambling'' in NGX very much. How did you make your megawealth in NGX if you did not gamble at all? It would pain me if you miss out on the fortunes from Oando ''gamble'' |
Re: Nigerian Stock Exchange Market Pick Alerts by Omooloriredade: 12:32pm On Aug 06 |
SonofElElyonRet: SonofElElyonRet: KarlTom: Let me help you out Read this news item - https://thesun.ng/nigeria-increases-oil-production-by-28000-bpd-with-new-utapate-crude/ Oando has a 40% Working Interest (WI) in OML 13 (QUA IBO). That is WHY Most of us here don't even understand the upstream business let alone know how to value Oando, a company with negative equity. Let's just keep watching, okay? BTW, this has nothing to do with the NAOC acquisition that effectively doubles production. Forgot to include disclaimer so here goes: Not a recommendation to buy or sell Oando as I'm not qualified to give any form of financial advice. I have also been wrong many times before. 3 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by SonofElElyonRet: 12:38pm On Aug 06 |
Omooloriredade: Seems Oando at N50 is just a stroll away ! |
Re: Nigerian Stock Exchange Market Pick Alerts by dapix: 12:39pm On Aug 06 |
UBA moving with abrakadabra!!!!!!!! |
Re: Nigerian Stock Exchange Market Pick Alerts by mikeapollo: 12:41pm On Aug 06 |
Omooloriredade: You are right this time. Make we follow you this time because you sabi the way. |
Re: Nigerian Stock Exchange Market Pick Alerts by ositadima1(m): 12:45pm On Aug 06 |
SonofElElyonRet: The potential impacts of this news for Ellah Lakes. Let's break down the key points and their implications: 1. Share Transfer by CBO Capital Partners: CBO Capital Partners, a major shareholder of Ellah Lakes Plc, is transferring a portion of its shares to its own shareholders and creditors. This move will likely have several effects: - Ownership Dilution: This will further dilute the ownership structure of Ellah Lakes, meaning CBO's control over the company may decrease. - Increased Free Float: More shares will be available for trading on the open market, potentially increasing liquidity. - Compliance with NGX Requirements: This move helps meet Nigerian Exchange Limited's (NGX) requirements for free-floating shares. 2. Financial Implications for CBO: - Debt Settlement: CBO is using this move to offset its outstanding obligations to its shareholders and creditors. - Financial Responsibility: This demonstrates CBO's commitment to managing its financial obligations. 3. Potential Impacts on Ellah Lakes: a) Positive Impacts: - Increased Liquidity: More freely traded shares could lead to better price discovery and potentially easier capital raising in the future. - Regulatory Compliance: Meeting NGX requirements could improve the company's standing with regulators and investors. - Stability: Resolving a major shareholder's financial obligations could reduce uncertainty around the company. b) Potential Challenges: - Ownership Changes: The shift in ownership structure could lead to changes in company direction or strategy if new influential shareholders emerge. - Short-term Stock Price Volatility: The market may react to this news, potentially causing some short-term price fluctuations. 4. Long-term Outlook: The news also mentions several positive developments for Ellah Lakes: - Diversification efforts, including agreements for sugar refinery and palm oil/cassava farming. - Potential acquisition of an oil palm processing company. These projects suggest that Ellah Lakes is actively working on growth and diversification, which could positively impact its long-term prospects. In conclusion, while this share transfer may cause some short-term changes in ownership structure and possibly stock price, it appears to be a strategic move that could enhance Ellah Lakes' compliance, liquidity, and financial stability. Combined with the company's ongoing diversification efforts, the overall impact could be positive for Ellah Lakes in the long run, although it will be important to monitor how the new ownership structure affects company strategy and performance. Copied... 3 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by KarlTom: 12:50pm On Aug 06 |
Informative article! I was following developments on OML 13. I didn't realize it has increased capacity beyond the 6000bpd when exploration began... With this information, OandO is a STRONG BUY! Omooloriredade: |
Re: Nigerian Stock Exchange Market Pick Alerts by essentialone(m): 12:58pm On Aug 06 |
Mankind2024: Has anyone received the dividend alert of Ikeja Hotel today? |
Re: Nigerian Stock Exchange Market Pick Alerts by yMcy56: 12:58pm On Aug 06 |
AFRIPRUD Gradually moving up...... Sighted @10.20 o far .......Up with +80k...... OANDO as at now.....full bid @30.55...
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Re: Nigerian Stock Exchange Market Pick Alerts by essentialone(m): 1:00pm On Aug 06 |
onegentleguy: UACN: Buy more, Hold on, or Sell off? |
Re: Nigerian Stock Exchange Market Pick Alerts by megawealth01: 1:00pm On Aug 06 |
mikeapollo: |
Re: Nigerian Stock Exchange Market Pick Alerts by megawealth01: 1:03pm On Aug 06 |
essentialone: It's one stock I'm waiting to fall so I can take position |
Re: Nigerian Stock Exchange Market Pick Alerts by Omooloriredade: 1:05pm On Aug 06 |
SonofElElyonRet: Unfortunately, I couldn't tell ya. I wish I knew myself. Sentiments seems strong though. I'm not sure but it seems there has been a few "tree shakes" to push out weak holders of Oando. What MAY eventually happen is that the market may reprice Oando using a discounted PE value of Seplat IF and only IF 2024 quaterly results confirm the turnaround story. Your assignment is to find out the implication IF this were to play out. Market CAP is c. N350B based on current price. Speaking of the NAOC deal, for anyone who is interested. Please take note of first three dot points. The information the market knows is out there, it is for you to try make sense of it. Disclaimer - I have no clue whatsoever what the future holds for Oando. Just sharing my thoughts. Please do not buy or sell based on my posts.
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Re: Nigerian Stock Exchange Market Pick Alerts by 9free(m): 1:08pm On Aug 06 |
SonofElElyonRet: As Sugar and Salt dey waste time na make we use OandO dey hold body 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by megawealth01: 1:08pm On Aug 06 |
Omooloriredade: Abeg help me market am well maybe it will conquer MRS in price |
Re: Nigerian Stock Exchange Market Pick Alerts by megawealth01: 1:09pm On Aug 06 |
9free: Soon here will be full with DS and NS discuss and many will wish they bought them at #30+ If you like quote me say na me say make una buy |
Re: Nigerian Stock Exchange Market Pick Alerts by essentialone(m): 1:11pm On Aug 06 |
megawealth01: Is Ikeja Hotel a good buy? |
Re: Nigerian Stock Exchange Market Pick Alerts by Omooloriredade: 1:13pm On Aug 06 |
megawealth01: I fell for the temptation to post about Oando today. If there was ever a cue to stop that was it. I no be Oando marketer o. |
Re: Nigerian Stock Exchange Market Pick Alerts by megawealth01: 1:18pm On Aug 06 |
Omooloriredade: Abeg market am wella I might offload another batch at MRS price from the small I have |
Re: Nigerian Stock Exchange Market Pick Alerts by megawealth01: 1:19pm On Aug 06 |
essentialone: YES but not at current price 1 Like |
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