I am not responding based on emotion. Logic is N10.00. Anything beyond that is unjustified momentum based on current realities. By the way banks such as Stanbic & Access are manipulating their share prices.

ihedioramma:
Not #10, #20+ .

robobo:




@deruggedprof @UkwuAmu

see punch newspaper monday advert for the MTO stating April 10 (and not April 20 earlier stated by me) as qualifying date

or is there something i am missing?

wld appr8 if u share ur views in light of the attached

thank you

Very good observation @robobo . This brings to mind what happened with IHS and it resulted in my reporting them to SEC . The secretary of the company then One Mr Lawal had to call me and was pleading with me that anytime i come to Lagos, they will host me and all that .
It is also mandatory to them that they make full disclosure to the NSE and up till this moment , I have not seen any notice either from the NSE nor SEC . What this implies is not making full disclosures and at times like this when foreign investors are trying to come back into the market, regulators would not want to rock the boat . You cannot have a cut off date before an offer is made public . Trust me they won't get away with this one . this is what I read . It said the offer will run from the the 30th of May till the 29th of june . you cant have a cut off date before even qualifying for the offer . It makes no sense and its a ploy to buy cheaply and make the voting easier for themselves . read "Following the successful acquisition of 60 per cent equity stake of Mobil Oil Nigeria Plc by Nipco Investment Limited (NIL) from ExxonMobil Oil Corporation, the company has applied to regulators to acquire additional shares from minority shareholders.

The financial transaction, which is being handled by Cordros Capital and Zenith Capital as financial advisers, has been approved by the Securities and Exchange Commission (SEC).

The company explained at the weekend that the takeover bid is in compliance with Part XII, Section 131(1)(a) of the Investment & Securities Act (ISA) of 2007 and Rule 445 of the SEC’s Rules & Regulations, which requires NIPCO to make a mandatory takeover bid to all the other shareholders of Mobil Nigeria.

The application for the takeover bid opened on May 30 and it is expected to close on June 29, 2017.

“This offer period represents the opportunity for qualifying minority shareholders of Mobil Oil Nigeria Plc, who tender their shares to earn cash consideration of N417.12 per ordinary share tendered at a satisfactory premium in comparison with the current market price of N290, which the shares are being traded on the floor of the NSE last Friday,” the company said."

UkwuAmu:


Very good observation @robobo . This brings to mind what happened with IHS and it resulted in my reporting them to SEC na the secretary of the company then One Mr Lawal had to call me and was pleading with me that anytime i come to Lagos, they will host me and all that .
It is also mandatory to them that they make full disclosure to the NSE and uphill this moment , I have not seen any notice either from the NSE nor SEC . What this implies is not making full disclosures and at times like this when foreign investors are trying to come back into the market, regulators would not want to rock the boat . You cannot have a cut off date before an offer is made public . Trust me they won't get away with this one . this is what I read . It said the offer will run from the the 30th of May till the 29th of june . you cant have a cut off date before even qualifying for the offer . It makes no sense and its a ploy to buy cheaply and make the voting easier for themselves . read "Following the successful acquisition of 60 per cent equity stake of Mobil Oil Nigeria Plc by Nipco Investment Limited (NIL) from ExxonMobil Oil Corporation, the company has applied to regulators to acquire additional shares from minority shareholders.

The financial transaction, which is being handled by Cordros Capital and Zenith Capital as financial advisers, has been approved by the Securities and Exchange Commission (SEC).

The company explained at the weekend that the takeover bid is in compliance with Part XII, Section 131(1)(a) of the Investment & Securities Act (ISA) of 2007 and Rule 445 of the SEC’s Rules & Regulations, which requires NIPCO to make a mandatory takeover bid to all the other shareholders of Mobil Nigeria.

The application for the takeover bid opened on May 30 and it is expected to close on June 29, 2017.

“This offer period represents the opportunity for qualifying minority shareholders of Mobil Oil Nigeria Plc, who tender their shares to earn cash consideration of N417.12 per ordinary share tendered at a satisfactory premium in comparison with the current market price of N290, which the shares are being traded on the floor of the NSE last Friday,” the company said."

Lest I forget, it doesnt mean that the 417 price must be agreed upon. It cant be less than 417 but it could be more . when the emergency general meeting is held and the price is 500 on the floor, shareholders can push for that price. IHS had to increase their price and I have suggested to SEC what they should do in this situation but its like we never learn

flexshop:

It's just a note of caution.

I always follow the money.
Fbnh has great upward prospect but it's advisable to watch what this profit taking brings to the table. Who knows, it may bring good tidings for some of us waiting for it at N5 and lower

bros i know u are a newbie, but i tell u fbn is most likely to bounce back tomorow or loss minimally

yom2:
bros i know u are a newbie, but i tell u fbn is most likely to bounce back tomorow or loss minimally

Newbie?? been around since the time of SMN forum. Was a senior member. Been trading stocks for more than a decade

Trading with a sixth sense will keep you long in this game for a long time.

flexshop:


Newbie?? been around since the time of SMN forum. Was a senior member. Been trading stocks for more than a decade

Trading with a sixth sense will keep you long in this game for a long time.

Yea forget the market noise without the sixth sense one will be left miserable and totally dejected

All the funds lost in OANDO 2014/2015, I have conveniently recovered with compound interest from TRANSCORP/FIDELITYBK/DIAMONDBK & DANGFLOUR.

Though still patiently waiting for that dubious Wale's OANDO coy @t it real valuation of N2:49k.

*ThE OcToPuS*

Please is it my system or is Morgan iTrade down?

If by any means they are down, e no go funny o

At least Transcorp finally close above 1.3 the journey begins......

ExLaidback:
Please is it my system or is Morgan iTrade down?

If by any means they are down, e no go funny o

I think so too. I havent been able to log on to the site. I hope they resolve it quick.

I learnt that GLOBACOM is buying out ETISALAT.
If this happens,will it have any reflections on Mike Adenuga's investments like CONOIL,STERLING BANK etc?

chykeking:


I think so too. I havent been able to log on to the site. I hope they resolve it quick.

ExLaidback:
Please is it my system or is Morgan iTrade down?

If by any means they are down, e no go funny o

Confirmed Morgan iTrade is down!!! Bad market, wrong timing. I suspect foul play.

BMZK:


Confirmed Morgan iTrade is down!!! Bad market, wrong timing. I suspect foul play.

one of the reasons our market will go positive today.Bulk sellers plenty here eeh.......
This reminds me of my brother Tritri.
Where are thou bro?

BMZK:


Confirmed Morgan iTrade is down!!! Bad market, wrong timing. I suspect foul play.

It's been down upto 12hrs. I suspect the issue might even be directly from NSE.

Well it's all part of the game,
BULL make money,
BEAR make money.
It's only PIGS that gets SLAUGHTERED.

locodemy:



one of the reasons our market will go positive today.Bulk sellers plenty hear eeh.......
This reminds me of my brother Tritri.
Where are thou bro?

And you want the global audience to believe we operate a free market

Mr Market is a prodigal child...
We will give him his inheritance even today.
After a while, he will become disciplined and return to us...
Patience is KEY.

http://leadership.ng/2017/06/08/n701bn-stimulus-10-gencos-get-n12bn-fg-begins-disbursement/

How does this impact on Transcorp?

PharmAlfred:
http://leadership.ng/2017/06/08/n701bn-stimulus-10-gencos-get-n12bn-fg-begins-disbursement/

How does this impact on Transcorp?

The Transcorp chairman & Md has been complaining of the debt owed to them by the FG for a long time now.This is really a good news although the owed money is about 55b naira as at January this year.Is just to know how much was giving to them from the released 12b naira.

makashava:
At least Transcorp finally close above 1.3 the journey begins......

Yes a new beginning.

PETERiCHY:


It's been down upto 12hrs. I suspect the issue might even be directly from NSE.

Well it's all part of the game,
BULL make money,
BEAR make money.
It's only PIGS that gets SLAUGHTERED.

I doubt if it is from NSE. This has to do with internal problem because the logging page does not even open.

locodemy:
I learnt that GLOBACOM is buying out ETISALAT.
If this happens,will it have any reflections on Mike Adenuga's investments like CONOIL,STERLING BANK etc?

Dangote is the surest person to buy Etisalat.

BMZK:


I doubt if it is from NSE. This has to do with internal problem because the logging page does not even open.

You are right It's Morgan's problem just got the below screenshot message from them now.

locodemy:




The Transcorp chairman & Md has been complaining of the debt owed to them by the FG for a long time now.This is really a good news although the owed money is about 55b naira as at January this year.Is just to know how much was giving to them from the released 12b naira.

according to d report dat of transcorp is still in progress...dey may end up receiving 20b+

OBAGADAFFI:

Dangote is the surest person to buy Etisalat.

Is he into telecommunication biz? Does he has any license with NCC? How my brother?

locodemy:


Is he into telecommunication biz?
Does he has any license with NCC?
How my brother?

Loco, you dey fall my hand. Why are you talking like a rookie...Must he have license before he can buy? Business in the 21st century has gone beyond that...Use your tongue to count your teeth bro!

How's premarket looking for the banks

locodemy:


Is he into telecommunication biz?
Does he has any license with NCC?
How my brother?

Telecommunication
ALHERI ENGINEERING COMPANY LIMITED:
Licensed to provide 3G carrier services

http://dangote.com/ourbusinesses/telecom.aspx

Where do you think ETISALAT got their 4G licence from.

Coolcash1:


Loco, you dey fall my hand. Why are you talking like a rookie...Must he have license before he can buy? Business in the 21st century has gone beyond that...Use your tongue to count your teeth bro!

I know of a broker who went for a fresh license to operate as a market operator but he was asked to buy from a revoked license.This is where my question is coming from.Is it not better someone who is into the biz and knows the biz well to be granted audience first.

Secondly,is Dangote a major shareholder in Etisalat?
If yes,i am bound to be speechless in the takeover.

ExLaidback:
Please is it my system or is Morgan iTrade down?

If by any means they are down, e no go funny o

nawah oo i cant login too