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Nairaland Forum / Nairaland / General / Investment / Nigerian Stock Exchange Market Pick Alerts (11469998 Views)
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Re: Nigerian Stock Exchange Market Pick Alerts by Godisfaithful: 5:26pm On Dec 05, 2017 |
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Re: Nigerian Stock Exchange Market Pick Alerts by mendes911: 5:28pm On Dec 05, 2017 |
sellydion: How can I touch thy anointed? God forbid. Am only hoping his vision will positively affect my life. |
Re: Nigerian Stock Exchange Market Pick Alerts by dipoolowoo: 5:35pm On Dec 05, 2017 |
Reps Adopt 2018-2020 MTEF Document, Raise Oil Price to $47 https://www.businesspost.ng/2017/12/05/reps-adopt-2018-2020-mtef-document-raise-oil-price-47/ |
Re: Nigerian Stock Exchange Market Pick Alerts by valentinenwoko: 5:41pm On Dec 05, 2017 |
I was at CI LEASING PLC EGM today, share reconstruction was endorsed by shareholders. 3 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by valentinenwoko: 5:43pm On Dec 05, 2017 |
Directors and board did not give enough insight into capital raise, abaraaj conversion, time of right issue |
Re: Nigerian Stock Exchange Market Pick Alerts by valentinenwoko: 5:44pm On Dec 05, 2017 |
Having gone through SEC report on oando, it is time for board and mgt to step down 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by emmanuelewumi(m): 5:45pm On Dec 05, 2017 |
valentinenwoko: Thank God, I sold all my holdings. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by Coolcash1: 5:50pm On Dec 05, 2017 |
Lafarge projection and ratios...not encouraging at all...Thus, call for the revision
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Re: Nigerian Stock Exchange Market Pick Alerts by Agbalowomeri: 6:07pm On Dec 05, 2017 |
So the bull finally come index will break 42k before drinking water |
Re: Nigerian Stock Exchange Market Pick Alerts by mendes911: 6:27pm On Dec 05, 2017 |
Agbalowomeri: That's if Peter allows it to. All Peter needs to do is buy one unit of Dangcem, Nestle, NB and GTb; and you will see our index crash. 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by ihedioramma: 6:31pm On Dec 05, 2017 |
OANDO |
Re: Nigerian Stock Exchange Market Pick Alerts by PETERiCHY(m): 6:33pm On Dec 05, 2017 |
Coolcash1: Your decision is good for me and my fellow BARGAIN HUNTERS to see if we can get it below the right issue price. BRAVO. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by wanaj0: 6:34pm On Dec 05, 2017 |
valentinenwoko: Did the report reveal anything new ![]() I remember when they said the rights were oversubscribed? SEC is only doing something when the 'major' shareholders started fighting after they've both milked the other shareholders dry! 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by NoMoney: 6:35pm On Dec 05, 2017 |
valentinenwoko: I was also at the EGM today and feedback from the meeting is as follows 1. C&I Leasing will be issuing shares for the conversion of some of Abraaj's their convertible debt notes and will also be raising funds from the capital market. The company spent N2.75b on interest in 2016 and will like to substitute some of their debt with equity to reduce interest expense and increase profits. 2. Their authorized share capital is inadequate to accomodate the allocation of shares for the conversion and capital raise. 3. It is more cost effective to reconstruct the existing shares as opposed to increasing the authorized share capital. Reconstruction will lead to a cost saving of a minimum of N130m. 4. The board represents about 30% of the shares of C&I Leasing and it is in their best interest to take steps to optimize the value of these shares. 5. Approval had previously been obtained for the reconstruction of C&I Leasing shares in 2013 on the basis of 1 share for every 8 shares they however will like to review this downwards to one share for every 4 shares. 6. On the basis of the above argument the resolutions supporting the reconstruction was approved. The resolution supporting the debt and capital raise were also approved. 7. The Chairman also confirmed that the company is on track to declare the best result in the history of the company. He stated that the results of the first 9months N950m had surpassed 2016 full year N920m which is at the moment the best full year PAT ever. In addition, 6 patrol vessels stuck in the ports for 9months was put into service for an NLNG contract in the last half of the year and has started contributing to the bottom line. 8. THe Chairman confirmed that the company will declare the highest dividend it has ever declared for 2017. 9. The conversion price of the convertible notes and the price of subsequent capital raise has not yet been determined. 10. Interim dividend was not paid in 2017 as the funds was used in retiring some debt notes. Dividend history of C&I Leasing is shown below (attached). 2 Likes
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Re: Nigerian Stock Exchange Market Pick Alerts by Coolcash1: 6:49pm On Dec 05, 2017 |
wanaj0: I agree with u that SEC is late on this Oando matter. But hey as they say, better late than never....Hope the truth is revealed at the end of the day... #FreeOando #JATandBoyoMustGo |
Re: Nigerian Stock Exchange Market Pick Alerts by kolaish(m): 6:53pm On Dec 05, 2017 |
@ NoMoney what a detailed breakdown of the meeting. good one. The only thing I have to say is that reconstruction in the nigeria context has never favoured shareholders. For me, C & I is a no-go area for now. |
Re: Nigerian Stock Exchange Market Pick Alerts by nio68(m): 6:53pm On Dec 05, 2017 |
Coolcash1: u forgot to add our madam with British accent |
Re: Nigerian Stock Exchange Market Pick Alerts by Parisfran(f): 7:23pm On Dec 05, 2017 |
Coolcash1:If this estimate is not encouraging, I wonder what will be encouraging enough. Anyway, let is fall small sha, let me enter at right issue price. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by DeRuggedProf: 8:07pm On Dec 05, 2017 |
fxuser: Nice one. I'm very neutral on both perspectives. I hold no strong views on what will work or not. I simply adjust to realities as they occur and change. If the economy for some reason decides to float , i will adjust my books to be slightly bullish. (PLS i don't mean float is d answer) If the economy maintains status quo , i will stay on the side of caution (the index is proof of the bleeding) If they try some things else like ''Asia Tiger model'' , we would adjust our expectations accordingly Our common goal here is to make good returns on investment , reduce risk and trade better for the long run. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by Coolcash1: 8:08pm On Dec 05, 2017 |
Parisfran: If you consider it in light of the stiff industry competition and protection the market leader enjoys, you will understand that the numbers need to be further discounted..This has really put Lafarge in a very precarious situation as investors will like to see how it intends to regain lost market and translate it to earnings growth. Thus, I maintain my position on the stock until the fundamentals change. |
Re: Nigerian Stock Exchange Market Pick Alerts by DeRuggedProf: 8:12pm On Dec 05, 2017 |
Coolcash1: Price normally change before fundamentals, EXCEPT 'THE ROCK' decide to become an interested parameter.... ![]() NB: Just Joking...... ![]() |
Re: Nigerian Stock Exchange Market Pick Alerts by Coolcash1: 8:24pm On Dec 05, 2017 |
DeRuggedProf: Time will tell... ![]() |
Re: Nigerian Stock Exchange Market Pick Alerts by leo1234(m): 8:26pm On Dec 05, 2017 |
currentprice: That guy is phenomenal. ![]() ![]() ![]() |
Re: Nigerian Stock Exchange Market Pick Alerts by ukay2: 8:47pm On Dec 05, 2017 |
@oga currentprice......please am fully loaded to buy more stocks now.....what are your advise on price appreciation and good dividend payment buy May 2018 in stocks like Dangote flour, Dangote Sugar, UCAP, UBA, Fidelity, Afriprud, Zenith, FBN....etc.. ......Please other gurus can Kindly contribute..... ....Thanks for your selfless contributions..........I have made real good money this year..... Still waiting for response |
Re: Nigerian Stock Exchange Market Pick Alerts by DeRuggedProf: 8:53pm On Dec 05, 2017 |
ukay2: Has Mr V. Tithed U ... ![]() |
Re: Nigerian Stock Exchange Market Pick Alerts by DeRuggedProf: 9:17pm On Dec 05, 2017 |
Re: Nigerian Stock Exchange Market Pick Alerts by DeRuggedProf: 9:26pm On Dec 05, 2017 |
Re: Nigerian Stock Exchange Market Pick Alerts by Princkez: 9:30pm On Dec 05, 2017 |
Who rem dis?
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Re: Nigerian Stock Exchange Market Pick Alerts by Mpeace(m): 9:33pm On Dec 05, 2017 |
DeRuggedProf:Thats their target price, good for them. My own target price is N3.5. |
Re: Nigerian Stock Exchange Market Pick Alerts by Zhirinovsky: 10:09pm On Dec 05, 2017 |
Tnkx sir. BullBearMkt: |
Re: Nigerian Stock Exchange Market Pick Alerts by dipoolowoo: 10:24pm On Dec 05, 2017 |
Senate Backs Forensic Audit of Oando https://www.businesspost.ng/2017/12/05/senate-backs-forensic-audit-oando/ |
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