davide470:
If 2011 is part of your Last 3 years, see below

Thanks for the info.

Can I have the Web address.

ihedioramma:
for the last three years know, but this year it will go down below #9 if not today self .

We are waiting at 5 naira

davide470:
If 2011 is part of your Last 3 years, see below

The least in the last 10 year is between N7- N8 . I notice that traders are vigorously defending N9 level.

Let us see how market unfold today.

Youngzedd:


Thanks for the info.

Can I have the Web address.

Source: Bloomberg. Paid Subscription.

E be like say na oga Dumexy wake up all dem NSEMPA faithfuls.

@Oga FranklinRich: Just to buttress what Elai 147 said, companies have been manipulating FS since 1914 and they institutionalized it in 1983, the year of our Lord (sorry, NSE).

In fact, we should trust no-one, including ourselves; 'cause we could be the one manipulating fundamental analysis to our own 'advantage'. :QED

Agbalowomeri:


We are waiting at 5 naira

one love but it may not get to #6

Elai147:


There are many cases of financial manipulation all over the world market and so many ways of perpetrating it. We should employ extreme caution while conducting our so-called fundamental analysis. Some of us (including me) use this type of analysis to make investment decisions and think we know what we are doing but the truth is far from that when we consider our investment environment.

Exactly.. I even noticed that some stocks have even been gaining 10% for about 3days now. Which makes you wonder.

This bear season is really bloody.

FranklinRich:


I am not sure I understand what the companies are manipulating. From the little I know, Book value is a function of a company's net assets and outstanding number of shares which are balance sheet items.

Ikeja Hotel is a perfect example of a manipulated stock..Even bear market no gree let am fall. Haba!!

@feelamong, u go share your ikeja hotel loot for us ooh

Present.

Any crumbs from the children's table?

I want to pick so that they don't waste ...

Born2berich:


Ikeja Hotel is a perfect example of a manipulated stock..Even bear market no gree let am fall. Haba!!

@feelamong, u go share your ikeja hotel loot for us ooh

hahaha...bros this one never reach N5 naaa...

But seriously i had a N4 target for this one and i have given my brokers orders...

at least we can get to do a good xmas small.. just pm me..

sellydion:



The least in the last 10 year is between N7- N8 . I notice that traders are vigorously defending N9 level.

Let us see how market unfold today.

Dem go tire....

feelamong:


hahaha...bros this one never reach N5 naaa...

But seriously i had a N4 target for this one and i have given my brokers orders...

at least we can get to do a good xmas small.. just pm me..

Bros, e be like say na only you go enjoy this Christmas o
See hammering

Did I just see FBNH @ N8.99? The Bears on rampage on this one.

FranklinRich:
Did I just see FBNH @ N8.99? The Bears on rampage on this one.

Bought this stock for the first time ever. Got it for that price also.

FranklinRich:
Did I just see FBNH @ N8.99? The Bears on rampage on this one.

44m on offer vs 16m on bid....

The people fighting to keep it at N9 go tire

sellydion:



The least in the last 10 year is between N7- N8 . I notice that traders are vigorously defending N9 level.

Let us see how market unfold today.

Watching

ausdy:
brother pls I'm very interested to know more about this very issue as I have few shares with them and I don't think I can buy this offer. Pls can you shed more light on the (dilution) matter? Thanx so much.

The dilution means the percentage of your holdings in the company is now reduced. Assuming the company has 1 billion outstanding shares and you own 100 million shares of it, this means your holding in the company is 10%. If the company is issuing 500 million shares in the form of rights, the total outstanding shares will now be 1.5 billion meaning your holding has now reduced to 6.7% (assuming you didn't take up your right). But if you took your right at the given ratio, your holdings will not be diluted because you will still own 10% of the company. Rights are usually issued at a discount to current market price of the stock but I don't know what Oando is doing and cannot categorically tell you why the right is being issued above current market price. This should be a question for either the gods or our ogas in NSEMPA.

Please I am not saying you should take up your right or that you may be getting a bargain if you take up the right. I was only trying to describe the rationality behind taking up ones right as asked by Omoxonomy. The decision lies with you as the shareholder after your due diligence. You need to ask yourself why the company has decided to raise money by issuing more shares and diluting your holdings. There must be a reason (financial difficulties or expansion, perhaps) why the company needs money. If the shareholders decide to take up these rights, whether the company will use the money for the purpose it was meant for is another question for the gods. There is also a question of what the ex-right value of your shares will be as the share price is expected to drop after the right issue to reflect the newly issued shares at the "supposed" discount. These are part of the due diligence you do before deciding whether to take, abandon or sell your right.

Born2berich:


Exactly.. I even noticed that some stocks have even been gaining 10% for about 3days now. Which makes you wonder.

This bear season is really bloody.

I fear who no fear NSE sha...

ihedioramma:
for the last three years know, but this year it will go down below #9 if not today self .

FranklinRich:
Did I just see FBNH @ N8.99? The Bears on rampage on this one.

You need to start believing our Pastor

walcolm:


dilution means your percentage holding will be reduced....for me the only advantage rights issue brings is that it reduces my cost of purchase...unfortunately, Oando has priced this right issue above the current market price which is not a good sign

i will rather buy the no of units i'm entitled to on the floor of the exchange than buy my rights at a higher price

I agree with you since it is cheaper to buy on the floor (except there is something else we're missing). However, if the right issue were to be a normal one unlike Oando's own, buying the equivalent units of your right from the floor @market price will not stop the dilution on your previous holding.

mpi210:


44m on offer vs 16m on bid....

The people fighting to keep it at N9 go tire

mehn, the force keeping FBN from going below N9...

chukyjones:


mehn, the force keeping FBN from going below N9...

No be small thing

chukyjones:


mehn, the force keeping FBN from going below N9...

Dont worry by d time oil fall to $40 when d Iran supplies hit oil mart then naira might be more devaluated and stockmart will feel it especially banking stocks.Then fbnh may be at #4.50-#5.

mpi210:


44m on offer vs 16m on bid....

The people fighting to keep it at N9 go tire

Now 40m offer VS 29m bid

mpi210:


No be small thing

May be if u don't buy now, FBN Capital and IBTC would sell it to you later at N12, and you will be buying with all smiles...just saying

mpi210:


44m on offer vs 16m on bid....

The people fighting to keep it at N9 go tire

e be like say them don tire small

stcool:


May be if u don't buy now, FBN Capital and IBTC would sell it to you later at N12, and you will be buying with all smiles...just saying

We broke the 9 resistance finally.......lol!!!

Elai147:


I agree with you since it is cheaper to buy on the floor (except there is something else we're missing). However, if the right issue were to be a normal one unlike Oando's own, buying the equivalent units of your right from the floor @market price will not stop the dilution on your previous holding.

Master, you lost me here. Mathematically, it will.

lancee:





Now 40m offer VS 29m bid

pls where do you get the bid and offer info

Bwave:


pls where do you get the bid and offer info

You can get it on morgan capital group , when trading is goin on

kotlass:

Master, you lost me here. Mathematically, it will.

Elai147:

I agree with you since it is cheaper to buy on the floor (except there is something else we're missing). However, if the right issue were to be a normal one unlike Oando's own, buying the equivalent units of your right from the floor @market price will not stop the dilution on your previous holding.

Mathematically,it will. Just that you would have to pay more than you would, if you had gone for the rights which normally trades at a discount to the market price.

stcool:


May be if u don't buy now, FBN Capital and IBTC would sell it to you later at N12, and you will be buying with all smiles...just saying

Is it permissible for FBN capital to trade on the shares of FBNH?