OBAGADAFFI:
FLOUR MILLS and CONOIL getting bashed after dividend declaration.

conoil is over bought, their result is gud though, but was released in a bear season

veecovee:
conoil is over bought, their result is gud though, but was released in a bear season

And FLOUR MILLS is over...what

OBAGADAFFI:


And FLOUR MILLS is over...what

I've not really analyzed flourmills

[quote author=ZikkyChops post=58186167]
How can we individual investor do cross deal, is their any minimum amount. Thanks[/
]


It is very possible, especially if you trade with some of the big houses.

ZikkyChops:

How can we individual investor do cross deal, is their any minimum amount.
Thanks

It's very possible.

BMZK:
Some MM are taking positions through cross-deals. They don't want the price to move up until they finish accumulating.

Based on the volume crossed, it is possible that the price that the cross deals were done could be higher than the price the stocks sold for on the floor.

Zhirinovsky:
Same is happening in Stanbic.
But cross deals can go either way (loading or offloading)

Either loading or offloading, I think the most important thing is the volume that was actually traded.

Because some cross deals can be used by brokers and at times management to perform miracle on stock prices.

Business-Friendly Environment Can Push Telcos to List on NSE—Airtel CEO
http://www.businesspost.ng/2017/07/06/business-friendly-environment-can-push-telcos-list-nse-airtel-ceo/

NSE: 20 Stocks Halt 4-Day Losing Streak with N18b Gain
www.businesspost.ng/2017/07/06/nse-20-stocks-halt-4-day-losing-streak-n18b-gain/

Lovely TA view to transcorp, let me also add my chart using Fibonacci to back up your chart analysis.

Great piece of work

yok:
BEARS LOOSING MOMENTUM AND SOME STOCK SHOWING LIKELY RECOVERY

I have made it a point of duty recently to watch the opening prices. This give me the opportunity to see the stocks that are strong at opening and then equally I review the closing to see those stocks that closed very strong.

I wish to comment on the followings among my observations. If the all share index closes negative today again, then we are in a temporary down trend. The impact of this is that the effects of a good 2n quarter result may be watered down.

I see strength in both Dangote Flour an Transcorp. Both experienced some loses in the early hours, but recovered later in the day. The recovery for Dangote Flour was very good, while Transcorp is good as it is approaching the supply level of NGN1.20 as shown by the chart below.

Caution: Investing is a risky venture. This is just my opinion and I cannot be liable for any loss suffered as a result of following this recommendation All data used are assumed to be correct, but you may need to verify some of the figures independently

DeRuggedProf:
Will Afriprud repeat its 2015 feat?

RETROSPECTIVELY:
https://www.proshareng.com/news/Investors%20NewsBeat/AFRIPRUD-Proposes-43-Kobo-Final-Dividend-for-2015-Financial-Year/30240

COMPARE Q1 2015 with Q1 2017:

The signs are all there for a favourable year for APR.
Eagerly awaiting the q2 result,hoping that they will not disappoint this year as i am fully loaded here.

Full bid today can turn to full offer tomorrow.stay focused

Please brethren, who in dis house attended d forte oil's AG meeting held yesterday. Was their any positive-looking statement made at d meeting cos I noticed dat suppliers are no more willing to sell below 50 naira at today's trading which traded only about 55K in volume.

http://thenationonlineng.net/stock-exchange-suspends-trading-on-17-companies/

Stock Exchange suspends trading on 17 companies

The Nigerian Stock Exchange (NSE) has suspended trading on the shares of 17 companies following the failure of the companies to adhere to best corporate governance and extant post-listing requirements.

The suspended companies included African Alliance Insurance, Equity Assurance, Fortis Microfinance Bank, Guinea Insurance, Premier Paints, Resort Savings & Loans, Sovereign Trust Insurance, African Paints (Nigeria), Aso Savings & Loans, Ekocorp, Evans Medical, Goldlink Insurance, Great Nigeria Insurance, Omatek Ventures, Union Dicon Salt and Union Homes Savings & Loans and Universal Insurance Company.

A circular obtained by The Nation indicated that the companies were suspended after they failed to file their accounts and operational reports as required by the listing rules at the Exchange. The suspension will remain in place until the companies file the relevant accounts and reports.

With the suspension, investors will not be able to trade on the shares of the companies, thus denying them opportunities to raise funds through such investments in case of financial needs.

Post-listing rules at the NSE require quoted companies to submit their audited earnings reports, not later than 90 calendar days, or three months, after the expiration of the period. The rules also require quoted companies to submit interim report not later than 30 calendar days after the end of the relevant period.

Most quoted companies including all banks, major manufacturers, oil and gas companies, breweries and cement companies use the 12-month Gregorian calendar year as their business year. Not less than 83 per cent of quoted companies use the 12-month Gregorian calendar year as their business year. The business year thus terminates on December 31. While March 31 is usually the deadline for submission of annual report for companies with Gregorian calendar business year, the deadline for the quarterly report is a month after the quarter.

NSE tags and applies fines on companies that fail to meet earnings reports’ deadline. The Exchange had on January 1, 2017 launched its new sanction regime for delay in submission of companies’ results. Under the new sanction regime, companies may pay fines that range from N100, 000 to more than N100 million as penalties for delay in the submission of their corporate earnings reports.

Companies that also delayed their financial statements and accounts face threats of suspension and delisting in addition to the monetary fines.

Under the new rules, quoted companies will be required to file their unaudited quarterly accounts with the NSE not later than 30 calendar days after the relevant quarter, and publish it within five business days after the date of filing, in at least two national daily newspapers, and post it on the company’s website, with the web address disclosed in the newspaper publication. Also, an electronic copy of the publication shall be filed with the Exchange on the same day as the newspaper publication. Where the company chooses to audit its quarterly accounts, it shall be required to file such accounts not later than 60 calendar days after the relevant quarter.

For annual audited accounts, the new rules require companies to file their audited annual report and accounts with the Exchange not later than 90 calendar days after the relevant year end, and published in at least two national daily newspapers not later than 21 calendar days before the date of the annual general meeting, and posted same on the company’s website with the web address disclosed in the newspaper publications. Also, an electronic copy of the publication shall be filed with the Exchange on the same day as the publication.

Under the new rules, late submission under the first instance of 90 days could attract N9 million, the additional period of 90 days will attract N18 million while such delay beyond the first 180 days to the next 180 days could attract as much as N72 million, bringing fines payable by a defaulting company within a year to N99 million

emmanuelewumi:


Based on the volume crossed, it is possible that the price that the cross deals were done could be higher than the price the stocks sold for on the floor.

Cross deals are done based on the offer price at that particular point in time.

Shareholders of Seven-Up Bottling
Company Plc will be without dividend as
the company has recorded a loss of
N10.7 billion for the year ended March
31, 2017. The shareholders had received a dividend of N1.60 per share for the year
ended March 31, 2016, when the
company posted a profit after tax of
N3.34 billion. However, this time around, Seven-Up
Bottling Company has recorded a
negative bottom-line. The company
posted a revenue of 108.227 billion in
2017, up by 26 per cent from N85.6
billion in 2016. Cost of sale went up from N60.6 billion to
N95 billion, while gross profit stood at
N12.9 billion, compared with N25 billion
in 2016. Selling and distribution
expenses rose from N11.8 billion to
N13.9 billion, just as administrative expenses inched up marginally from N6.6
billion to N6.7 billion. Finance cost rose from N3.2 billion in
2016 to N4.02 billion in 2017.
Consequently, Seven-Up ended the year
with a loss of N10.7 billion, compared
with a profit of N3.34 billion in 2016. Meanwhile, trading at the stock market
wednesday remained bearish for the
third consecutive day as investors
continue to rebalance their portfolio
following end of the first half of the year
and the commencement of the second half. At the close of trading, the Nigerian
Stock Exchange (NSE) All-Share Index
(ASI) fell by 0.33 per cent to close at
32,302.32, market capitalisation ended at
N11.13 trillion. The depreciation recorded in the share
prices of Guinness, PZ Cussons, Flour
Mills, Unilever, Access Bank Plc and ETI
Plc contributed to the decline recorded
wednesday. In all, 33 stocks depreciated led by Flour
Mills (-9.7 per cent), trailed by Neimeth
International Pharmaceuticals Plc (-8.0
per cent). Transcorp Plc shed 6.5 per
cent, just as C & I Leasing Plc and Julius
Berger Nigeria Plc went down by 5.0 per cent each. On the positive side, only 12 stocks
appreciated. Unity Bank Plc led with 9.8
per cent, followed by Fidson Healthcare
Plc with 4.8 per cent, while Berger Paints
Nigeria Plc chalked up 4.5 per cent. Investors staked N2.97 billion on 311.38
million shares up by 74.8 per cent
compared with N1.70 billion invested in
206.183 million shares the previous day. The three most actively traded sectors
were: Financial Services (250.52 million
shares), Conglomerates (31.29 million
shares), and Consumer Goods (11.85
million shares), while the three most
actively traded stocks were: Niger Insurance (62.90 million shares), FBNH
(30.45 million shares) and Transcorp
(30.23 million shares).

June Inflation to Drop to 15.64% from 16.25%—FSDH
http://www.businesspost.ng/2017/07/06/june-inflation-drop-15-64-16-25-fsdh/

davide470:
Cross deals are done based on the offer price at that particular point in time.

May be the rules have changed. Cross deals can even take place without money changing hands, it usually occurs between clients using the same stockbroking house.

How did NIPCO become the majority shareholder of Mobil? Was it not been through cross deals? The purchase price of the cross deal was about N400, whereas Mobil was selling for about N240 on the floor.

Get a dictionary of finance to read more on cross deals or as Americans will call it cross trades. Or consult Investopedia

Eterna Plc Shareholders Approve Dividend

emmanuelewumi:


May be the rules have changed. Cross deals can even take place without money changing hands, it usually occurs between clients using the same stockbroking house.

How did NIPCO become the majority shareholder of Mobil? Was it not been through cross deals? The purchase price of the cross deal was about N400, whereas Mobil was selling for about N240 on the floor.

Get a dictionary of finance to read more on cross deals or as Americans will call it cross trades. Or consult Investopedia

Deals within same house is not classified as "cross deals" in itself because it is one of the rules of the Exchange. (House - Price/Time - Quantity). If you are buying at a price, it picks up any available offer quantity from your house first, at that same price before execution at mkt, if not fully executed.

For NIPCO, they didn't just wake up and did the cross deal na. Cordross wrote to the Exchange for a Special Window to effect it, because it was virtually impossible to cross at N400 when the price was hovering at 200-300.

Same thing was done in 2014 by Meristem when the Dubai Corp. bought into DangCem.

We /Shareholders of Eterna Plc, a petroleum products marketing company, have hailed the performance of the company and payment of dividend for the year ended December 31, 2016. The shareholders, who spoke at the 24thannual general meeting of the company in Lagos said Eterna Plc has been recording improvement and paying rewarding investors with dividends. “The present management and board of the company have really done a good job by not only improving on the performance but have also fulfilled the promise to shareholders of consistent returns. We commend you and urge you to keep it up, while we will continue to support you,” a shareholder, Mr. Boniface Okezie said. The Chairman of Eterna Plc, Alhaji Lamis Dikko told the shareholders that in keeping with their promise, the board was pleased to recommend a dividend of 30 kobo per share. “The dividend represents a 20 per cent increase from the dividend paid by our company in 2015. We continue to appreciate your trust in our ability to keep promises .

davide470:
Deals within same house is not classified as "cross deals" in itself because it is one of the rules of the Exchange. (House - Price/Time - Quantity). If you are buying at a price, it picks up any available offer quantity from your house first, at that same price before execution at mkt, if not fully executed.

For NIPCO, they didn't just wake up and did the cross deal na. Cordross wrote to the Exchange for a Special Window to effect it, because it was virtually impossible to cross at N400 when the price was hovering at 200-300.

Same thing was done in 2014 by Meristem when the Dubai Corp. bought into DangCem.

Cross trade or deal is a practice where buy and sell orders for the same stock are offset without recording the trade on the exchange.
It also occurs when a broker executes both a buy and a sell for the same security from one client account to another where both accounts are managed by the same portfolio manager.
The lack of proper reporting involved in a cross deal opens up investors to potential risks regarding the financial outcome of the transaction.
Cross deal is good when both the buyer and seller are clients of the same portfolio manager and the prices are considered to be competitive at the time of the execution of the trade.

This was culled from Investopedia.

davide470:
Deals within same house is not classified as "cross deals" in itself because it is one of the rules of the Exchange. (House - Price/Time - Quantity). If you are buying at a price, it picks up any available offer quantity from your house first, at that same price before execution at mkt, if not fully executed.

For NIPCO, they didn't just wake up and did the cross deal na. Cordross wrote to the Exchange for a Special Window to effect it, because it was virtually impossible to cross at N400 when the price was hovering at 200-300.

Same thing was done in 2014 by Meristem when the Dubai Corp. bought into DangCem.

Any major purchase of about 5% of the shares in company Needs the approval of the regulatory bodies, this is to prevent hostile takeover.

Major shareholders and top management are required to notify the authorities about their purchase and sales. This is to avoid insiders trading, pumping and dumping by those who know what most of us don't know. I am not sure if the regulatory bodies are enforcing it.

If NIPCO had bought all the shares on the floor, due to the volume purchased the bid on Mobil shares would be so high that the stock could climb to N600 or more.

If Mobil also sold the share on the floor, due to investors apathy the offer would be so high that the price could fall to N100 or less.

Cross deal or trade is a win/win situation for investors who are making major purchases and sales.

eternal dividend came thru.


#easykobo ideas

Creating Wealth Through Fixed Income Securities
http://www.businesspost.ng/2017/07/07/creating-wealth-fixed-income-securities/

Thought that these triplet penny banks would have done 10-10% this morning...I wonder why they attracted much bid yesterday

This is how they would send May & Baker to 0.88K, the real offers are not yet out and the bear market has not even started. Those that bought @ N6...NSE is wicked!

stcool:
This is how they would send May & Baker to 0.88K, the real offers are not yet out and the bear market has not even started. Those that bought @ N6...NSE is wicked!

]

a bitter lesson for people who bought @ N6... if you are not skilled in technicals that can help time ur entry and exit points its safer to go with fundamentally sound stocks ... if you are trapped in stocks with good fundamentals not in stocks with "potential fundamental" it ll just be a matter of time for the market to correct the price

stcool:
This is how they would send May & Baker to 0.88K, the real offers are not yet out and the bear market has not even started. Those that bought @ N6...NSE is wicked!

I wish i had money at hand i would have increased my fbnh holding. That thing fit reach 15 by this time next year.