Hmmm

megawealth01:


I just hope to remember to remind you when it gets lower than this price

OandO. -5.84%
ETERNA. ±

KarlTom:
OandO. -5.84%
ETERNA. ±

Don't worry; you dey try. Your efforts (and ours too) will not go in vain.
Oando go vomit anyhow anyhow, whether via half year 2024 result on Oct 23 or full year result in 2025!

Daily chart seems not too helpful in NGX. Hardly will one get anything from daily charts in NGX
Weekly chart is far better for TA.
I am still trying to figure out what works here though. By the way, Oando also seems to be following structure. Though underlying structures sometimes also is "news".
Let's see where SEPLAT close this week; that will either signal a reversal or continued upward trend.

Anyway, I just highligh convincing trend in the attached weekly charts. Now I see it works

What are you seeing in Transcorp

olig:
Daily chart seems not too helpful in NGX. Hardly will one get anything from daily charts in NGX
Weekly chart is far better for TA.
I am still trying to figure out what works here though. By the way, Oando also seems to be following structure. Though underlying structures sometimes also is "news".
Let's see where SEPLAT close this week; that will either signal a reversal or continued upward trend.

Anyway, I just highligh convincing trend in the attached weekly charts. Now I see it works

Ginalex:
I wouldn't if I were you

https://doclib.ngxgroup.com/Financial_NewsDocs/42301_LASACO_ASSURANCE_PLC.-_QUARTER_2_-_FINANCIAL_STATEMENT_FOR_2024_FINANCIAL_STATEMENTS_OCTOBER_2024.pdf LASACO finally to resume trading tomorrow, after 3 months Summer Vacation. Ready to repeat the 100% rally of Regency Assurance Plc? EPS and PAT jumped high to 604% growth...

From:

https://businessday.ng/insurance/article/lasaco-assurance-set-for-n11-1bn-fresh-capital/

To:

https://punchng.com/lasaco-assurance-completes-n11-1bn-capital-raising/


Lasaco Assurance Plc’s financial strength reaffirmed by GCR Ratings
Lasaco Assurance Plc, a prominent player in the Nigerian insurance sector, has once again received a reaffirmation of its A(NG) rating and Stable Outlook from Global Credit Rating (GCR), underlining its robust financial position and resilience.
This recognition comes at a time when the company has continued to navigate economic challenges with unwavering strength.
The report by GCR has accentuated Lasaco Assurance Plc’s strong risk-adjusted capitalisation and ample liquidity, highlighting its ability to withstand market volatility and maintain financial stability.
The company’s ability to not only endure but thrive in the midst of economic uncertainties solidifies its reputation as a reliable insurance provider in Nigeria.
While the GCR report identifies areas for strategic focus, such as modest competitive position and underwriting losses, the company is actively addressing these as part of its long-term growth strategy.
By proactively focusing on these areas, Lasaco Assurance Plc is positioning itself for sustained success and further strengthening its position in the market.
Looking forward, Lasaco Assurance Plc is poised for even greater financial strength, with a finalized capital injection expected to bolster its capabilities further.
This injection will undoubtedly enhance the company’s ability to continue delivering top-tier insurance services and meet its obligations.
This reaffirmation by GCR serves as a testament to Lasaco Assurance Plc’s unwavering dedication to excellence and its pivotal role as a leading force in the Nigerian insurance landscape.
With a steadfast focus on delivering top-tier insurance services, the company remains committed to prioritising the needs of its stakeholders, including customers, staff, investors, and the broader public.




LASACO safe to Buy now?

essentialone:
From:

https://businessday.ng/insurance/article/lasaco-assurance-set-for-n11-1bn-fresh-capital/

To:

https://punchng.com/lasaco-assurance-completes-n11-1bn-capital-raising/


Lasaco Assurance Plc’s financial strength reaffirmed by GCR Ratings
Lasaco Assurance Plc, a prominent player in the Nigerian insurance sector, has once again received a reaffirmation of its A(NG) rating and Stable Outlook from Global Credit Rating (GCR), underlining its robust financial position and resilience.
This recognition comes at a time when the company has continued to navigate economic challenges with unwavering strength.
The report by GCR has accentuated Lasaco Assurance Plc’s strong risk-adjusted capitalisation and ample liquidity, highlighting its ability to withstand market volatility and maintain financial stability.
The company’s ability to not only endure but thrive in the midst of economic uncertainties solidifies its reputation as a reliable insurance provider in Nigeria.
While the GCR report identifies areas for strategic focus, such as modest competitive position and underwriting losses, the company is actively addressing these as part of its long-term growth strategy.
By proactively focusing on these areas, Lasaco Assurance Plc is positioning itself for sustained success and further strengthening its position in the market.
Looking forward, Lasaco Assurance Plc is poised for even greater financial strength, with a finalized capital injection expected to bolster its capabilities further.
This injection will undoubtedly enhance the company’s ability to continue delivering top-tier insurance services and meet its obligations.
This reaffirmation by GCR serves as a testament to Lasaco Assurance Plc’s unwavering dedication to excellence and its pivotal role as a leading force in the Nigerian insurance landscape.
With a steadfast focus on delivering top-tier insurance services, the company remains committed to prioritising the needs of its stakeholders, including customers, staff, investors, and the broader public.




LASACO safe to Buy now?

I don’t know how they think about retail investors.
But I know we are not that dumb to see clearly that when these companies need funds, they manufacture any kind of ratings to prop up their image.
Well, I personally don’t bother myself with any company raising funds for whatever.
Reason I didn’t participate in all these bank recapitalization exercise despite having a lot as rights issue.

I read a comment from one oga here about Adewale and leopard. I laugh. I am waiting for the financials before anything

Be wise

Probably, the storm is almost over. I was thinking it could get slightly below 10 or on the dot, but I am not sure it would.

Sunrisepebble:
What are you seeing in Transcorp

essentialone:


https://doclib.ngxgroup.com/Financial_NewsDocs/42301_LASACO_ASSURANCE_PLC.-_QUARTER_2_-_FINANCIAL_STATEMENT_FOR_2024_FINANCIAL_STATEMENTS_OCTOBER_2024.pdf LASACO finally to resume trading tomorrow, after 3 months Summer Vacation. Ready to repeat the 100% rally of Regency Assurance Plc? EPS and PAT jumped high to 604% growth...

This actually looks better than the 2023 Audited financials... It may be bullish tomorrow... Let's wait and see

essentialone:
From:

https://businessday.ng/insurance/article/lasaco-assurance-set-for-n11-1bn-fresh-capital/

To:

https://punchng.com/lasaco-assurance-completes-n11-1bn-capital-raising/


Lasaco Assurance Plc’s financial strength reaffirmed by GCR Ratings
Lasaco Assurance Plc, a prominent player in the Nigerian insurance sector, has once again received a reaffirmation of its A(NG) rating and Stable Outlook from Global Credit Rating (GCR), underlining its robust financial position and resilience.
This recognition comes at a time when the company has continued to navigate economic challenges with unwavering strength.
The report by GCR has accentuated Lasaco Assurance Plc’s strong risk-adjusted capitalisation and ample liquidity, highlighting its ability to withstand market volatility and maintain financial stability.
The company’s ability to not only endure but thrive in the midst of economic uncertainties solidifies its reputation as a reliable insurance provider in Nigeria.
While the GCR report identifies areas for strategic focus, such as modest competitive position and underwriting losses, the company is actively addressing these as part of its long-term growth strategy.
By proactively focusing on these areas, Lasaco Assurance Plc is positioning itself for sustained success and further strengthening its position in the market.
Looking forward, Lasaco Assurance Plc is poised for even greater financial strength, with a finalized capital injection expected to bolster its capabilities further.
This injection will undoubtedly enhance the company’s ability to continue delivering top-tier insurance services and meet its obligations.
This reaffirmation by GCR serves as a testament to Lasaco Assurance Plc’s unwavering dedication to excellence and its pivotal role as a leading force in the Nigerian insurance landscape.
With a steadfast focus on delivering top-tier insurance services, the company remains committed to prioritising the needs of its stakeholders, including customers, staff, investors, and the broader public.




LASACO safe to Buy now?

What is the OS before and after capital raise??

Can anyone recommend a good online platform where I can trade Nigerian stocks

Artscollection:
Can anyone recommend a good online platform where I can trade Nigerian stocks

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𝐅𝐆 𝐧𝐚𝐦𝐞𝐬 𝐃𝐚𝐧𝐠𝐨𝐭𝐞 𝐫𝐞𝐟𝐢𝐧𝐞𝐫𝐲 𝐬𝐨𝐥𝐞 𝐬𝐮𝐩𝐩𝐥𝐢𝐞𝐫 𝐨𝐟 𝐉𝐞𝐭 𝐀𝟏

The Federal Government has approved Dangote Refinery as the exclusive supplier of jet fuel for Nigeria’s airline operators.

https://punchng.com/fg-names-dangote-refinery-sole-supplier-of-jet-a1/

Things are gradually falling in place for the Dangote Group. Hopefully Dangote needs to revisit the merger of Dangote Sugar and NASCON.

essentialone:


https://doclib.ngxgroup.com/Financial_NewsDocs/42301_LASACO_ASSURANCE_PLC.-_QUARTER_2_-_FINANCIAL_STATEMENT_FOR_2024_FINANCIAL_STATEMENTS_OCTOBER_2024.pdf LASACO finally to resume trading tomorrow, after 3 months Summer Vacation. Ready to repeat the 100% rally of Regency Assurance Plc? EPS and PAT jumped high to 604% growth...

Half year EPS of N1.73 ! That's crazy high

essentialone:


https://doclib.ngxgroup.com/Financial_NewsDocs/42301_LASACO_ASSURANCE_PLC.-_QUARTER_2_-_FINANCIAL_STATEMENT_FOR_2024_FINANCIAL_STATEMENTS_OCTOBER_2024.pdf LASACO finally to resume trading tomorrow, after 3 months Summer Vacation. Ready to repeat the 100% rally of Regency Assurance Plc? EPS and PAT jumped high to 604% growth...

Still remain M benefit

Ginalex:
This actually looks better than the 2023 Audited financials... It may be bullish tomorrow... Let's wait and see

If at Half Year, LASACO EPS stands at N1.73, which is already about 75.22% dividend yield of its current price of N2.30

It's dividend payout at Year End should be massive.🤔

Laso09:


What is the OS before and after capital raise??

Presently, it's OS is around 1,830,000,000 units of shares

Ginalex:
This actually looks better than the 2023 Audited financials... It may be bullish tomorrow... Let's wait and see

Look well madam. New owners are coming at #1.20 with 9B plus OS

https://dailypost.ng/2024/10/08/dump-port-harcourt-refinery-for-dangote-oil-firm-minister-lokpobiri-tells-nnpcl/

Thee truth shall prevail. Goernment admitting that their refineries will never work again. Alhaji should not sell NNPCL anymore shares. We don't need government hands in refining anymore.

designking:


https://punchng.com/fg-names-dangote-refinery-sole-supplier-of-jet-a1/

Things are gradually falling in place for the Dangote Group. Hopefully Dangote needs to revisit the merger of Dangote Sugar and NASCON.

essentialone:


If at Half Year, LASACO EPS stands at N1.73, which is already about 75.22% dividend yield of its current price of N2.30

It's dividend payout at Year End should be massive.🤔

Are they paying out all the N1.73 as dividend or I don't understand your statement o. Even CUSTODIAN no pay that kind dividend. Maybe you meant EPS?

If true, this price is literally a buyout...

Look well madam. New owners are coming at #1.20 with 9B plus OS

They are tired of cashing out under the guise of TAM...

Raider76:
https://dailypost.ng/2024/10/08/dump-port-harcourt-refinery-for-dangote-oil-firm-minister-lokpobiri-tells-nnpcl/

Agbalowomeri:


Are they paying out all the N1.73 as dividend or I don't understand your statement o. Even CUSTODIAN no pay that kind dividend. Maybe you meant EPS?

Agbalagba naim you be for this game naa. You for quick decode. I used Best Case Scenario which is 100% dividend payout ratio. Some companies even pay above 100% and you know naa. But it was just an example I gave.

KarlTom:
They are tired of cashing out under the guise of TAM...

They are not tired. They just can't justify it anymore. Dangote has scattered that particular cabal.

https://www.thecable.ng/cbn-sets-the-record-straight-responds-to-attempts-to-misinform-the-banking-public-reasserts-role-as-nations-apex-banking-authority/amp/

Well CBN had spoken about the private investigation of GTCO matter. I don't think it should end there. The CEO of GTCO should also extend it buy suing that man for defamation of character if all these allegations are unfounded. Julius your investors are waiting. Over to you

emmanuelewumi:



When they over deliver? When they keep to their words? They are usually silent operators and dont like to being in the limelight, they prefer their results to do the publicity and they are very humble with their achievements.

Insight.

Streetinvestor2:
Look well madam. New owners are coming at #1.20 with 9B plus OS

What will be the implications?

KarlTom:
If true, this price is literally a buyout...

That should take the new total OS to around 11,080,000,000 shares

Please I am much more confused. Is Aradel a buy?

Which of the companies can a long term investor, invest 2million in and a steady 100k monthly?

Just registered with NASD as well, not sure how to navigate it.

Please the senior guyz here, don’t Air me

Streetinvestor2:
Look well madam. New owners are coming at #1.20 with 9B plus OS

hmmm... Taking the OS to over 10billion... Be like I go pause