Sunrisepebble:

Likely delisting talks

Sunrisepebble:

Next week go loud for Lafarge, should get to N80 before Christmas

emmanuelewumi:




Next week go loud for Lafarge, should get to N80 before Christmas

80 sir? I am positive that is understatement. If the hint that sunrise gave comes to past. I believe 120 should be more fair. The acquirer paid equivalent of 130 something for a similar coy in a market that is not as big as Nigeria and a company that is not debt free as Wapco.

Mfunkynation:

I Don't think there's need for this writing....

It was on a lighter note, nothing serious.

robobo:


80 sir? I am positive that is understatement. If the hint that sunrise gave comes to past. I believe 120 should be more fair. The acquirer paid equivalent of 130 something for a similar coy in a market that is not as big as Nigeria and a company that is not debt free as Wapco.

I am always very conservative with my forecasts

Still no details on my end to be honest. Either Majority shareholder being bought out or full acquisition. But it’s clear now that this was the information driving the attention

designking:

Likely delisting talks

emmanuelewumi:

Next week go loud for Lafarge, should get to N80 before Christmas

Very likely if the emergency meeting is a positive one. The outcome of the meeting will either spur further upward or downward share price movement.

emmanuelewumi:




Next week go loud for Lafarge, should get to N80 before Christmas

.Hope the delisting is not happening. I don't want my wapco to go even at #200. I want the gradual increase of dividend now that is guaranteed. This is a stock I was projecting 8 figure dividend in the future. Why are all this better companies trying to delist leaving all this jijo stock

Streetinvestor2:
.Hope the delisting is not happening. I don't want my wapco to go even at #200. I want the gradual increase of dividend now that is guaranteed. This is a stock I was projecting 8 figure dividend in the future. Why are all this better companies trying to delist leaving all this jijo stock

I swear a ₦200/share is not even worth the delisting. Wapco is one great stock to hold.

Sunrisepebble:
Still no details on my end to be honest. Either Majority shareholder being bought out or full acquisition. But it’s clear now that this was the information driving the attention

I doubt if they will be calling for an EM and also closing the register if its just the Majority shareholding that is being bought. But only time will tell.
250 is my prayer. Make the blessings of this year complete.

WALE might start jacking up the price of Oando up from December 2 in preparation for AGM?

megawealth01:
WALE might start jacking up the price of Oando up from December 2 in preparation for AGM?

designking:

Except if it's not government property?

vacanci:


CP being unsecured means it has a CALL FEATURE. It also has underwriting feature. This is where FMDQ comes in.

If for example you buy a CP at 30% interest. If half way through the tenor, MPR rates have dropped significantly, the issuer of the unsecured instrument can call it and pay everyone by prorating. This will enable them access the market for cheaper loan.

The defaults painted are over exaggerated, I will like to have a history of defaulted CP programmed in Nigeria since mungo Park

You think if it's just the way you make it sound, subscribers will go close. What is the regulations Carrie out by SEC and CBN.

Oga you are wrong. It is called unsecured instruments because of the risk associated as per default. This is why pension regulators have stopped pension managers from buying into it going forward. Oga I have banking/finance in my brain...lol.It is only backed by Issuer words which is not guaranteed .That is why Tbill is termed as secured. Sec and cbn does not have insurance cover on the instrument

megawealth01:

Except if it's not government property?

Oando na government property.... TInubu family business must succeed till 2031 and I will enjoy the Oando loot.

Good discussion on Naira outlook for 2025


https://www.youtube.com/watch?v=qjI_7z8Leko?si=Otfd_CvIrYNwrh45

designking:


Oando na government property.... TInubu family business must succeed till 2031 and I will enjoy the Oando loot.

The game is the game..
$1 is the target. Nothing anybody go tell me

emmanuelewumi:




Next week go loud for Lafarge, should get to N80 before Christmas

Oga our ministry is moving fine

Streetinvestor2:
Oga you are wrong. It is called unsecured instruments because of the risk associated as per default. This is why pension regulators have stopped pension managers from buying into it going forward. Oga I have banking/finance in my brain...lol.It is only backed by Issuer words which is not guaranteed .That is why Tbill is termed as secured. Sec and cbn does not have insurance cover on the instrument

Chief you are wrong. I stand by my assertion

CBN to prioritize Open Banking, Contactless Payments, and Regulatory Sandbox in 2025

https://nairametrics.com/2024/11/30/cbn-to-prioritize-open-banking-contactless-payments-and-regulatory-sandbox-in-2025/

Port Harcourt Refinery Shuts Down Momentarily, Cannot Produce Petrol

https://saharareporters.com/2024/11/30/exclusive-port-harcourt-refinery-shuts-down-momentarily-only-crude-distillation-unit

CBN reforms support strong, resilient African financial system — Cardoso

The Governor of the Central Bank of Nigeria, Yemi Cardoso, says the bank’s reforms align with efforts to establish a stronger and more resilient African financial architecture.

vacanci:


Chief you are wrong. I stand by my assertion

Oga you don't need to do research on what unsecured commercial paper means.A minute of search on ur phnom can give result.That issuer can terminate the contract before maturity is not reason why it is termed as unsecur...that is the French I am speaking. It is unsecured because it is not backed by any collateral/guaranteed.The risk of default exists because it is backed by the word of the issuer..chikana

https://businessday.ng/news/article/nigerias-cardoso-signals-rate-cuts-next-year-as-inflation-cools/

Nigeria’s Cardoso Signals Rate Cuts Next Year as Inflation Cools

Streetinvestor2:
Oga you don't need to do research on what unsecured commercial paper means.A minute of search on ur phnom can give result.That issuer can terminate the contract before maturity is not reason why it is termed as unsecur...that is the French I am speaking. It is unsecured because it is not backed by any collateral/guaranteed.The risk of default exists because it is backed by the word of the issuer..chikana

Both of you are right.

https://doclib.ngxgroup.com/Financial_NewsDocs/42663_ELLAH_LAKES_PLC.-_QUARTER_1_-_FINANCIAL_STATEMENT_FOR_2025_FINANCIAL_STATEMENTS_NOVEMBER_2024.pdf Good morning all in the house ,happy new month. This is the month of prosperity .

On the CP discuss.
I tried to do a little research.

Though I assume @Vacanci is coming from a place of experience that necessitated a CALL back feature as he calls it.


https://nairametrics.com/2023/11/11/commercial-papers-in-nigeria-in-2023-6-key-things-to-note/

screenshot extract below from nairametrics says otherwise
(they might be wrong )

Though experience over a supposedly Ideal situation.
I haven't done CP before.
Though I suppose all associated clauses shld be included in the contract paper during purchase.

Locotrader:


Just keep watching him.I will prefer to buy the remaining 50% at below #2.
And I will be happy to buy above #2.10 immediately I see the vendor is exhausted.

Don't be in a rush to buy chams at #2 and above now unless you will monitor the vendor all day as we have keep our mirror for him.

What is the Target Price of Chams Plc?

Payunsin:


You really don't understand Kobo, Kobo stocks
A lot of traders accumulated it at ₦2.30 the lowest price of the day. Those that are ok with the price readily sold.
Same with etranzact you won't see any buyer on queue but you can still get to sell it

Etranzact has remained on Full Offer for very long yet did not change price.

Shalom428:
A lot of stocks have doubled their prices, some triple, infact some X10 since the new administration.

A lot have already repriced , even the seemingly battered DS is like X3 . I loaded UBA at 6Naira and loaded more at 13 Naira

Fidelity, Total energies, Flourmill , Wapco , to mention a few. I think a lot of stocks have already repriced and patient investor are already in the money.

Some got GTCO at 18 , others at 26

If things goes well, Fidson is a very good one to lock in at this point. I quite agree with you on that one

Fidson is one of the worst performing stocks of 2024.

It is stagnant.

Locotrader:
Our insurance stocks are doing well now.

Guinea......Prestige.......Mansard

Trio are for 100% and more.Market has even approved them for a new high before the year end.

Sit tight and enjoy them

In a one to 3 months frame, Guinea Insurance may hit N1.00

But wait, is it not owned by the same Emeka Offor who owned Niger Insurance and watched it as it went bankrupt and was delisted ?