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Nigerian Stock Exchange Market Pick Alerts - Investment (8403) - Nairaland

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Re: Nigerian Stock Exchange Market Pick Alerts by designking: 4:13pm On Nov 04
BabsO2:
First Bank 1 for 6 Rights at N25 announcement.
Does it mean if I have 100,000 units of FBNH shares, I will now have 600,000 shares given the ratio of 1 to 6?

1 Like

Re: Nigerian Stock Exchange Market Pick Alerts by johnok(m): 4:17pm On Nov 04
You now have the right to buy 600,000 unit at N25 per share

designking:

Does it mean if I have 100,000 units of FBNH shares, I will now have 600,000 shares given the ratio of 1 to 6?

1 Like

Re: Nigerian Stock Exchange Market Pick Alerts by megawealth01: 4:26pm On Nov 04
SonofElElyonRet:


If Aradel people catch you with this your grin grin

They ain't like Wale's paddies grin
Re: Nigerian Stock Exchange Market Pick Alerts by megawealth01: 4:27pm On Nov 04
grin
BabsO2:
First Bank 1 for 6 Rights at N25 announcement.
Re: Nigerian Stock Exchange Market Pick Alerts by ositadima1(m): 4:27pm On Nov 04
Some people have a brain the size of walnuts; that’s why you’re high on cow dung. cheesy cheesy cheesy
Re: Nigerian Stock Exchange Market Pick Alerts by ProphetUtuocha: 4:28pm On Nov 04
You will have to divide the total quantity that you own by 6, whatever you get is your right eligibility. It simply means that for each 6 units, you will be eligible to buy 1 right

designking:

Does it mean if I have 100,000 units of FBNH shares, I will now have 600,000 shares given the ratio of 1 to 6?

2 Likes 1 Share

Re: Nigerian Stock Exchange Market Pick Alerts by KarlTom: 4:35pm On Nov 04
It simply means that you are entitled to purchase 1/6 (NOT 6x) of your current holdings @25 .. smiley

johnok:

You now have the right to buy 600,000 unit at N25 per share

Re: Nigerian Stock Exchange Market Pick Alerts by Uchetoba: 4:36pm On Nov 04
designking:

Does it mean if I have 100,000 units of FBNH shares, I will now have 600,000 shares given the ratio of 1 to 6?
johnok:

You now have the right to buy 600,000 unit at N25 per share

Right issue of 1 for 6 means that for every 6 shares of the company you held originally, you now have the right to buy 1 additional share of that company @ the right issue price. Provided you have up to six shares of the company by the close of market on the qualification date.

NB: The shares you buy via right issue or any other primary market instruments, does not reflect on your portfolio until the allotment date that the company and the regulators will decide.

3 Likes

Re: Nigerian Stock Exchange Market Pick Alerts by Utalinmou: 4:49pm On Nov 04
Going forward I'll be careful with stocks that came from NASD because some investors may need to cash out due to liquidity issues. I pity holders of aradel because it is painful to see your good investment eroding value week after week.

I think OandO is still trending because some people didn't key in when it was still very low and they are not happy about it.

Please do anyone know if my sterling bank has released their results

3 Likes

Re: Nigerian Stock Exchange Market Pick Alerts by unite4real: 4:49pm On Nov 04
designking:

Does it mean if I have 100,000 units of FBNH shares, I will now have 600,000 shares given the ratio of 1 to 6?

u can only buy 16,666 units.

It's actually 1 for 6. so divide what u have by 6
Re: Nigerian Stock Exchange Market Pick Alerts by vacanci: 4:51pm On Nov 04
ProphetUtuocha:
You will have to divide the total quantity that you own by 6, whatever you get is your right eligibility. It simply means that for each 6 units, you will be eligible to buy 1 right


First time i am seeing non prophetic response from you in a long while

4 Likes

Re: Nigerian Stock Exchange Market Pick Alerts by Heishere: 4:58pm On Nov 04
Utalinmou:
Going forward I'll be careful with stocks that came from NASD because some investors may need to cash out due to liquidity issues. I pity holders of aradel because it is painful to see your good investment eroding value week after week.

I think OandO is still trending because some people didn't key in when it was still very low and they are not happy about it.

Please do anyone know if my sterling bank has released their results

The golden rule is to stay away from newly listed stocks and those that just finished share reconstruction. They will always come down for you.

4 Likes 1 Share

Re: Nigerian Stock Exchange Market Pick Alerts by megawealth01: 4:59pm On Nov 04
grin
Heishere:


The golden rule is to stay away from newly listed stocks and those that just finished share reconstruction. They will always come down for you.
Re: Nigerian Stock Exchange Market Pick Alerts by BabsO2(m): 5:07pm On Nov 04
designking:

Does it mean if I have 100,000 units of FBNH shares, I will now have 600,000 shares given the ratio of 1 to 6?

1 right for 6 units of current holding. For you its 100,000/6=16.666 or 16,667
If you go on the link below, you would be able to see what's for you and pick it on the portal should you so wish or go to broker or bank.
https://invest.ngxgroup.com/
Re: Nigerian Stock Exchange Market Pick Alerts by naturalflow: 5:08pm On Nov 04
ProphetUtuocha:
You will have to divide the total quantity that you own by 6, whatever you get is your right eligibility. It simply means that for each 6 units, you will be eligible to buy 1 right

prophet leave first bank first,say something,there is fire on the mountain oooo

5 Likes

Re: Nigerian Stock Exchange Market Pick Alerts by Mpeace(m): 5:16pm On Nov 04
naturalflow:
prophet leave first bank first,say something,there is fire on the mountain oooo
Chai. The fire no be small one. Children go soon learn how to respect elders.

6 Likes

Re: Nigerian Stock Exchange Market Pick Alerts by emmanuelewumi(m): 5:26pm On Nov 04
If you have the resources and temperament to invest in a bear market, there is a high probability of having a bounty harvest.

Do we still remember when Access and UBA went down to as low as N3.00, FBN even came down to about N2.50k.

No be every retail investor wey get a minimum of 1 million units each of FUGAZ really get deep pockets.

But they are disciplined, strategic, invested patient capital and they have multiple streams of predictable income

15 Likes

Re: Nigerian Stock Exchange Market Pick Alerts by megawealth01: 5:40pm On Nov 04
emmanuelewumi:
If you have the resources and temperament to invest in a bear market, there is a high probability of having a bounty harvest.

Do we still remember when Access and UBA went down to as low as N3.00, FBN even came down to about N2.50k.

No be every retail investor wey get a minimum of 1 million units each of FUGAZ really get deep pockets.

But they are disciplined, strategic, invested patient capital and they have multiple streams of predictable income

💯
Re: Nigerian Stock Exchange Market Pick Alerts by megawealth01: 5:41pm On Nov 04
naturalflow:
prophet leave first bank first,say something,there is fire on the mountain oooo

Which mountain exactly? grin
Re: Nigerian Stock Exchange Market Pick Alerts by Agbalowomeri: 5:45pm On Nov 04
naturalflow:
prophet leave first bank first,say something,there is fire on the mountain oooo

Prophet wey don cash out grin

8 Likes

Re: Nigerian Stock Exchange Market Pick Alerts by SonofElElyonRet: 5:46pm On Nov 04
Agbalowomeri:


Prophet wey don cash out grin

Prophet is telling all of you.... "e lo fokan bale"

1 Like

Re: Nigerian Stock Exchange Market Pick Alerts by SonofElElyonRet: 5:47pm On Nov 04
naturalflow:
prophet leave first bank first,say something,there is fire on the mountain oooo
grin
Re: Nigerian Stock Exchange Market Pick Alerts by jonnysessy(m): 5:47pm On Nov 04
ProphetUtuocha:
You will have to divide the total quantity that you own by 6, whatever you get is your right eligibility. It simply means that for each 6 units, you will be eligible to buy 1 right



Oando story had ended. The man must move on.

1 Like

Re: Nigerian Stock Exchange Market Pick Alerts by Lutexx: 5:48pm On Nov 04
grin grin grin
naturalflow:
prophet leave first bank first,say something,there is fire on the mountain oooo
Re: Nigerian Stock Exchange Market Pick Alerts by megawealth01: 5:52pm On Nov 04
SonofElElyonRet:


Prophet is telling all of you.... "e lo fokan bale"

grin
Re: Nigerian Stock Exchange Market Pick Alerts by megawealth01: 5:55pm On Nov 04
Today's Top Volume Trades

Re: Nigerian Stock Exchange Market Pick Alerts by yMcy56: 5:56pm On Nov 04
Mpeace:
Chai. The fire no be small one. Children go soon learn how to respect elders.
Pls explain the fire to me.....o
Decrease in production due to sabotage and theft across assets in Niger Delta......
Did OANDO complain about not producing again?
What about the AGIP acquisition/production that's yet to be included?

Just asked questions o.....because anyone seeing children of hate typing fire now, you'll think there's cause for concern outside what the financial report already captured.....

Here's the press release:
https://doclib.ngxgroup.com/Financial_NewsDocs/42590_OANDO_PLC-OANDO_PLC__CORPORATE_ACTIONS_NOVEMBER_2024.pdf

2 Likes

Re: Nigerian Stock Exchange Market Pick Alerts by megawealth01: 5:58pm On Nov 04
yMcy56:

Pls explain the fire to me.....
Decrease in production due to sabotage and theft?
Did OANDO complain about not producing again?
What about the AGIP acquisition/production that's yet to be included?
Just asked questions o.

Here's the press release:
https://doclib.ngxgroup.com/Financial_NewsDocs/42590_OANDO_PLC-OANDO_PLC__CORPORATE_ACTIONS_NOVEMBER_2024.pdf

Olga Wale I dey hail oooooo
Re: Nigerian Stock Exchange Market Pick Alerts by Agbalowomeri: 6:00pm On Nov 04
jonnysessy:



Oando story had ended. The man must move on.

..... And the monkey hunter left town. Now there plenty monkeys everywhere. Buy one, take 4.

Please someone check on PeTERicHY grin

4 Likes

Re: Nigerian Stock Exchange Market Pick Alerts by Agbalowomeri: 6:02pm On Nov 04
megawealth01:


Olga Wale I dey hail oooooo

Specialist in forward looking statements grin. Everything na forward-looking in the last 15 years Lol. How long person wan live?😂

10 Likes

Re: Nigerian Stock Exchange Market Pick Alerts by yMcy56: 6:02pm On Nov 04
This forum is fast becoming a joke......
When OANDO starts the rally again, they'll disappear.

Leave OANDO alone and face your fundamental stocks that are bleeding, they no go gree....
Why nah?

That was how they hated Tony so teyyyyy and won't allow us hear words on this forum until he later proved them wrong!

Same with GEREGU, when they saw it now at circa 1k all the way from N98/100, they had to shut their mouths up.

Leave OANDO, shebi you didn't buy and you already issued more than enough posts to the so called investors, you can at least move to another stock for discussion.

6 Likes 1 Share

Re: Nigerian Stock Exchange Market Pick Alerts by emmanuelewumi(m): 6:03pm On Nov 04
naturalflow:
prophet leave first bank first,say something,there is fire on the mountain oooo


Oh yea investors of little faith.

There is no fire on any mountain.

We shall all climb safely to the mountain top

We are currently descending and approaching a valley.

There is a spring of water in the valley.

We need the water in order to renew our strength.

The renewed energy will carry us to kilometer N150 before Xmas.

The Lord has assured us of a "very dirty December" courtesy of the chosen stock.

Fear not sayeth the Lord of host.

The current nightmare and uncertainty will disappear before the end of the week.

I am the Lord who makes way where there seem to be no way

8 Likes 1 Share

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