mikeapollo:


You want your PFA to be doing jijo with Oando? Fear God ooo

ositadima1:
I think Oando will start putting brakes on its fall tomorrow, if it closes low at all. I think Oando will cross 100 based on observation. It has exchanged over 24 billion naira in the last 5 days. Even today, with the risk of further decline, it managed to exchange 3.2 billion naira, which is 2 million dollars (at a rate of 1600). This is just observational analysis and not buy or sell advice.

It exchanged 1.4 billion naira today, which is actually a good thing for the people riding it because it means that many of the bids chasing the stock didn't get it. You want to see exchanged funds in the millions of naira so they can slow down the eventual exhaustion of funds. There are still billions trying to get in, and the slower, the better for now. Those of you who went in late due to "wolves in sheep's clothing" will be fine. Again, this is mere observational analysis and not any form of buy/sell coercion.

Mpeace:
Seplat has been on full bid since, but the 100k single transactiin remains the main issue.
It might not get it unless one of the ogas does the needful.
Because of that rule, stocks like this need special intervention to make any movement

That flat 100K unit threshold for all stocks is actually to the disfavour of those invested in high cap-low OS stocks.

Deadlytruth:
That flat 100K unit threshold for all stocks is actually to the disfavour of those invested in high cap-low OS stocks.

A point..
Also meaning they will have to perform exceedindly well in arithmetic, geometric exponential proportions or a strong positive sentiments for persons/institutions to be able to cough out such huge amount to push it daily I think.

It's kind of for Long Term Investors..
They are the definition of #Patience

currentprice:


not a banking stock bro, it one of the popular stock that got battered during those bear period, though like any other stock, price up more than times 3 since then but doing fine fundamentally and the TA indicting preparation to fly

do ur home work small as ur DD

Do you mean UACN?

Transcorp

sky2891:

Do you mean UACN?

megawealth01:
To qualify to buy a bag of 50kg rice for N40,000, you must have your NIN ~ FG

Tinubu is a madman. This scheme has always been one of his plans, but he is trying to implement it without people knowing and compromising it by bringing their brothers from neighboring countries up north. Although I strongly believe having a robust, accurate, and reliable national database is essential to effective poverty alleviation and a general social security system, people should not be dehumanized before we can establish a working national database usable for many economic and security planning purposes.

The story of UACN seems to meet the description
See the last 10 years chart below

sky2891:

Do you mean UACN?

SEE OANDO'S Past performances
Below as well:

Deadlytruth:
That flat 100K unit threshold for all stocks is actually to the disfavour of those invested in high cap-low OS stocks.

They will soon return it back to 50k

Agbalowomeri:


They will soon return it back to 50k

Regulatory changes are very slow in the NGX. They have been talking about changing this 100k unit single trade for more than 5 years.

Ekuu market o

TGIF

Agbalowomeri:


They will soon return it back to 50k

Better

Heishere:


Which sector na?

easy to know with the following clue I gave yesterday:

*not part of d stock i have mention b4
*it a popular stock
*not a banking stock
* got battered to the ground during those bear day
*already move about times three from the ground
* TA indicate ready to fly

anyway my Oga Bullbears have reveal it already, today

sky2891:

Do you mean UACN?

Testimonies777:
The story of UACN seems to meet the description
See the last 10 years chart below

correct bro

welldone

thank God the stock fly 10% without mentioning it here so if price do well going forward no one will accuse Currentprice of Monkeyhunting

that to say whether I mention stock here or not. market will do needful for the good undervalued stock

bedsheet just like to do it work here

waiting to see Q3 sha

chimex38:

A point..
Also meaning they will have to perform exceedindly well in arithmetic, geometric exponential proportions or a strong positive sentiments for persons/institutions to be able to cough out such huge amount to push it daily I think.

It's kind of for Long Term Investors..
They are the definition of #Patience

Couldn't have been better said. You won't even be surprised to discover that despite SEPLAT's very low outstanding 583 million shares, its free-float might be about the minimum 20% allowed therefore making the tradeable shares in the neighborhood of just 117m. Then one can now understand better how bad the 100K units difficulty is for the stock.
My prayers are with those in SEPLAT and similar stocks.

Agbalowomeri:


They will soon return it back to 50k

Don't you think that even the 50k is still too small for stocks like SEPLAT, Nestle, Geregu, Total and, CONOIL?
I think the management boards and some shareholders of these companies have to stage a protest to the exchange one day if this reversal is to be considered at all.

Thanks Boss

currentprice:
thank God the stock fly 10% without mentioning it here so if price do well going forward no one will accuse Currentprice of Monkeyhunting

that to say whether I mention stock here or not. market will do needful for the good undervalued stock

bedsheet just like to do it work here

waiting to see Q3 sha

Raider76:


Regulatory changes are very slow in the NGX. They have been talking about changing this 100k unit single trade for more than 5 years.

But it wasn't so initially. I recall that in the days of Onyiuke Okereke (permit my possibly wrong spelling) a stock like NESTLE needed only 5K units to move.

Deadlytruth:

Couldn't have been better said. You won't even be surprised to discover that despite SEPLAT's very low outstanding 583 million shares, its free-float might be about the minimum 20% allowed therefore making the tradeable shares in the neighborhood of just 117m. Then one can now understand better how bad the 100K units difficulty is for the stock.
My prayers are with those in SEPLAT and similar stocks.

Difficult for where...
These are the kind of stock u buy...
U sit down ..dey look...
Owners will move it when they are ready...
Ve been on Seplat since when the stock dey sell below N500...
Dem dey deliver back to back...

currentprice:
thank God the stock fly 10% without mentioning it here so if price do well going forward no one will accuse Currentprice of Monkeyhunting

that to say whether I mention stock here or not. market will do needful for the good undervalued stock

bedsheet just like to do it work here

waiting to see Q3 sha

Fear of the bolded is the beginning of wisdom here.

Willie2015:


Difficult for where...
These are the kind of stock u buy...
U sit down ..dey look...
Owners will move it when they are ready...
Ve been on Seplat since when the stock dey sell below N500...
Dem dey deliver back to back...

The only time I enter stocks like SEPLAT is when it falls by 10% for three to four consecutive trading days. Under such a circumstance, the threshold volume is easily released by the major holders to drive it back up.

Deadlytruth:
That flat 100K unit threshold for all stocks is actually to the disfavour of those invested in high cap-low OS stocks.

It is not to their disfavour, rather to trader's disfavour. Traders would have be the one dictating the direction of those big caps if they apply 5k units threshold. Traders avoid MTN and Dangcem even with high OS.

What is the reason behind the 100k rule? Was there a particular incident or what are NGX trying to avoid. Honestly, the NASD method of using a Volume Weighted Average Price reflects demand and supply dynamics better in terms of price movement

CUSTODIAN

https://doclib.ngxgroup.com/Financial_NewsDocs/FBN_HOLDINGS_-_DIVESTMENT_FROM_FBNQUEST_MERCHANT_BANK_LTD.pdf

sky2891:
https://doclib.ngxgroup.com/Financial_NewsDocs/FBN_HOLDINGS_-_DIVESTMENT_FROM_FBNQUEST_MERCHANT_BANK_LTD.pdf

This same EverCorp?

https://www.premiumtimesng.com/tag/evercorp-industries-limited

KarlTom:
CUSTODIAN

https://doclib.ngxgroup.com/Financial_NewsDocs/FBN_HOLDINGS_-_DIVESTMENT_FROM_FBNQUEST_MERCHANT_BANK_LTD.pdf

For them to go as far as 100% sale, I believe no other reason than to meet Capitalization requirements for FBN

Change of name soon for the acquired entity..

thebargainhunte:


It is not to their disfavour, rather to trader's disfavour. Traders would have be the one dictating the direction of those big caps if they apply 5k units threshold. Traders avoid MTN and Dangcem even with high OS.

A point also..
Weighted Majority owners(Major shareholders) determine the market value of their company rather than the simple majority
(mostly retail investors/traders)

Deadlytruth:

Couldn't have been better said. You won't even be surprised to discover that despite SEPLAT's very low outstanding 583 million shares, its free-float might be about the minimum 20% allowed therefore making the tradeable shares in the neighborhood of just 117m. Then one can now understand better how bad the 100K units difficulty is for the stock.
My prayers are with those in SEPLAT and similar stocks.

It's 20% or 20bn.
117m is too far sef.
Just about 5.5million shares is enough to meet free float @ current price.. 😂😂
So theres no how they won't meet free float.

It's a really a good paying stock for early n patient entrants.