This what most fund managers are saving their money for.

Kolping:
MTN Nigeria IPO Teaser – Listing and Precursory Information

Last year, MTN group announced that its Nigerian business will be listed on the Nigerian Stock Exchange this year, by way of initial public offering (IPO). Significant progress has been recorded vis-a-vis the IPO, which is expected to be concluded next month.

https://www.proshareng.com/news/Public%20&%20Private%20Offers%20%20%20/MTN-Nigeria-IPO-Teaser-%E2%80%93-Listing-and-Precursory-Information/40207

Mpeace:
HOW ZENITH ALMOST TOOK ALL OF MY PROFIT FROM TRANSCORP AND OANDO
On 30th May, I remember buying 350,000 units of zenith bank at 26.2 because I thought the bull was around, more so that diamond, fidelity, fcmb and transcorp (among others) went on a sudden full bid. Minutes later, the bulls started losing strength so I immediately sold all the units at 26.10. At that point I was pained because of the loss and the broker's fees which all came up to almost 210,000 loss in just a few minutes.
Looking back now at the price of zenith bank(25.50) today, I have no regrets. I would have lost more than the dividend would have given me. I even think I can get it at 24.

Brokers are making money!

Hindsight has 20/20 vision

Mpeace:
HOW ZENITH ALMOST TOOK ALL OF MY PROFIT FROM TRANSCORP AND OANDO
On 30th May, I remember buying 350,000 units of zenith bank at 26.2 because I thought the bull was around, more so that diamond, fidelity, fcmb and transcorp (among others) went on a sudden full bid. Minutes later, the bulls started losing strength so I immediately sold all the units at 26.10. At that point I was pained because of the loss and the broker's fees which all came up to almost 210,000 loss in just a few minutes.
Looking back now at the price of zenith bank(25.50) today, I have no regrets. I would have lost more than the dividend would have given me. I even think I can get it at 24.

Mpeace:
HOW ZENITH ALMOST TOOK ALL OF MY PROFIT FROM TRANSCORP AND OANDO
On 30th May, I remember buying 350,000 units of zenith bank at 26.2 because I thought the bull was around, more so that diamond, fidelity, fcmb and transcorp (among others) went on a sudden full bid. Minutes later, the bulls started losing strength so I immediately sold all the units at 26.10. At that point I was pained because of the loss and the broker's fees which all came up to almost 210,000 loss in just a few minutes.
Looking back now at the price of zenith bank(25.50) today, I have no regrets. I would have lost more than the dividend would have given me. I even think I can get it at 24.

Mpeace:
HOW ZENITH ALMOST TOOK ALL OF MY PROFIT FROM TRANSCORP AND OANDO
On 30th May, I remember buying 350,000 units of zenith bank at 26.2 because I thought the bull was around, more so that diamond, fidelity, fcmb and transcorp (among others) went on a sudden full bid. Minutes later, the bulls started losing strength so I immediately sold all the units at 26.10. At that point I was pained because of the loss and the broker's fees which all came up to almost 210,000 loss in just a few minutes.
Looking back now at the price of zenith bank(25.50) today, I have no regrets. I would have lost more than the dividend would have given me. I even think I can get it at 24.

you will get it more cheaper...Just be patient and don't overreact on emotion

PETERiCHY:
(“Century” or the “Company”) is pleased to announce that it has entered into a binding letter agreement dated as of May 25, 2018 (the “Letter Agreement”) with a leading Nigerian-based cement company, Ibeto Cement Company Limited (“Ibeto”). The Letter Agreement outlines the proposed terms and conditions pursuant to which Century Petroleum Corp and Ibeto Cement Company Limited will effect a business combination that will result in a reverse takeover of Century Petroleum by the shareholders of Ibeto Cement Company Limited (the “Proposed Transaction”). The Letter Agreement was negotiated at arm’s length. Per the Agreement, Dr. Cletus Ibeto has acquired 70% control of Century Petroleum Corp. Effective May 24, 2018, Mandla J. Gwadiso, newly appointed Chairman and CEO of Century Petroleum Corp has stepped down and Dr. Cletus M. Ibeto has been appointed as the new Chairman of the Board effective immediately. Dr Cletus Ibeto was advised by Palewater Advisory Group Inc. on this transaction.

Ibeto Cement Company Limited, a privately held company organized/incorporated under the Nigerian laws, is one of the most dominant players in the fast-growing cement industry in Nigeria and, by extension, Africa. To increase its production and packaging capacity, the Ibeto Cement Company Limited is currently developing two cement plants in Nigeria namely: – one in Ebonyi State and one in Cross River State/Abia State. Each of the plant is a State-of-the-art 6,000 Metric Tons-per-day (TPD) plant and are sitting on an abundant deposit/reserve of quality limestones.

Ibeto Cement Company Limited is owned by the industrial Nigerian Billionaire - Dr. Cletus Madubugwu Ibeto, CON. Dr Ibeto is a world-class business leader and enterpreneur who has built successful companies/industries in Nigeria and beyond. Through Ibeto Cement Company Limited, Dr Ibeto has seriously impacted the cement market in Nigeria. This transaction will enable Ibeto Cement Company Limited to raise sufficient capital to dominate the industry in Nigeria and West African sub region as a whole.

https://globenewswire.com/news-release/2018/05/25/1512283/0/en/Century-Petroleum-Announces-The-Proposed-Reverse-Merger-With-A-Nigerian-Businessman.html

With this development I see DANGOTE CEMENT crashing below N100 in the near future and that will SURELY give Alhaji a HEARTACHE

BARGAIN HUNTERS TAKE NOTE.

*ThE OcToPuS*

IBETO CEMENT the people's choice coming back to main stream will surely break DANGOTE CEMENT MONOPOLY and drag the share price back to N100 where it belong.

BARGAIN Hunters / FOREIGN Investors. TAKE NOTE!

*ThE OcToPuS*

debenzd:
This what most fund managers are saving their money for.

Warren Buffet said, Its Probably Overpriced (IPO).
Watch your backs....

Godisfaithful:


you will get it more cheaper...Just be patient and don't overreact on emotion

Yes of course, in December

PETERiCHY:


IBETO CEMENT the people's choice coming back to main stream will break DANGOTE CEMENT MONOPOLY and drag the share price back to N100 where it belong.

BARGAIN Hunters / FOREIGN Investors. TAKE NOTE!

*ThE OcToPuS*

I would have believed this message if you sent it through Wanaj0.....

debenzd:
This what most fund managers are saving their money for.

I jump and pass...

It will most likely follow the MTN Ghana IPO structure which will include an "offer for sale" and an "offer for subscription"

Whatever the case....refer to my opening comment

Mpeace:
HOW ZENITH ALMOST TOOK ALL OF MY PROFIT FROM TRANSCORP AND OANDO
On 30th May, I remember buying 350,000 units of zenith bank at 26.2 because I thought the bull was around, more so that diamond, fidelity, fcmb and transcorp (among others) went on a sudden full bid. Minutes later, the bulls started losing strength so I immediately sold all the units at 26.10. At that point I was pained because of the loss and the broker's fees which all came up to almost 210,000 loss in just a few minutes.
Looking back now at the price of zenith bank(25.50) today, I have no regrets. I would have lost more than the dividend would have given me. I even think I can get it at 24.

crazy times . . we wud still witness much lower prices in wks to come sef

Agbalowomeri:


Yes of course, in December

On or before then...Cash is the King at the moment

Mpeace:
HOW ZENITH ALMOST TOOK ALL OF MY PROFIT FROM TRANSCORP AND OANDO
On 30th May, I remember buying 350,000 units of zenith bank at 26.2 because I thought the bull was around, more so that diamond, fidelity, fcmb and transcorp (among others) went on a sudden full bid. Minutes later, the bulls started losing strength so I immediately sold all the units at 26.10. At that point I was pained because of the loss and the broker's fees which all came up to almost 210,000 loss in just a few minutes.
Looking back now at the price of zenith bank(25.50) today, I have no regrets. I would have lost more than the dividend would have given me. I even think I can get it at 24.

You took all the right actions post purchase of that stock! Nothing to worry about. Your sales proceeds should fetch you more than the quantity disposed in not too distant time.

IchimokuPilot:


Brokers are making money!

Serious money my brother. Whether we gain or lose they make money.

Godisfaithful:


you will get it more cheaper...Just be patient and don't overreact on emotion

Zenith is one stock I need for the far future. Its one banking stock I feel should rate ahead of all the banking stocks. Their PAT keeps growing irrespective of investment and economic environment.
I admire zenith.

Mpeace:
Serious money my brother. Whether we gain or lose they make money.

Na my portfolio size you throway just like that
there is God o

Mpeace:
Zenith is one stock I need for the far future. It one banking stock I feel should rate ahead of all the banking sticks. Their PAT keeps growing irrespective of investment and economic environment.
I admire zenith.

Then you should wait to buy at 10 na

fxuser:



crazy times . . we wud still witness much lower prices in wks to come sef

Don't you think q2 results would lead to some rise in june ending/july

debenzd:
Hindsight has 20/20 vision

But its impossible to trade hindsight, if not, dangote would be a small boy to most of us.

yom2:
is dangote cement d only stock in d market? pls focus on the field rather than focusing on d perimeter. it may even bounce back before d end of trade

The truth is that you cannot ignore Dangote Cement, especially in a bear market. You see the way it brought the index to its knees today (-3.38). if it continues like this on Monday, it could trigger panic selling of other stocks. You see, Guaranty eventually cracked today.

Though a quick fall can make many stocks too tempting to ignore, and we may see bull. The way things are now, no one can tell.

No recommendations here, please.

Agbalowomeri:


Na my portfolio size you throway just like that
there is God o

Make I hear. Story story.

I guess so...the long-awaited IPO

debenzd:
This what most fund managers are saving their money for.

@TLAX
What's your reason for jumping and passing...

TLAX:


I jump and pass...

It will most likely follow the MTN Ghana IPO structure which will include an "offer for sale" and an "offer for subscription"

Whatever the case....refer to my opening comment

FXUSER the only ''Old Wine''that speaks with objectivity. God bless you

fxuser:



crazy times . . we wud still witness much lower prices in wks to come sef

aremso:





please how can I go about it to ensure the my formal CHN is been used for the stocks that will be bought via Morgan capital, pls have in my that Morgan capital opened another account with new cscs and CHN

j

You should have given your CHN to your new broker.

Write CSCS and apply for a merger of your CHN, indicating the preferred CHN.

Mpeace:
Don't you think q2 results would lead to some rise in june ending/july

everyone is waiting for dat bounce or relief support
mkt looks overdue, prices hv fallen to massive oversold levels on all time frames ..
if the bounce only makes a lower high , den expect bearish continuation afterwards
if the bounce breaks us back above 40k for example, den Agba is right about the ''deep correction''
wen will d bounce happen ? it anyone's guess

Mpeace:
HOW ZENITH ALMOST TOOK ALL OF MY PROFIT FROM TRANSCORP AND OANDO
On 30th May, I remember buying 350,000 units of zenith bank at 26.2 because I thought the bull was around, more so that diamond, fidelity, fcmb and transcorp (among others) went on a sudden full bid. Minutes later, the bulls started losing strength so I immediately sold all the units at 26.10. At that point I was pained because of the loss and the broker's fees which all came up to almost 210,000 loss in just a few minutes.
Looking back now at the price of zenith bank(25.50) today, I have no regrets. I would have lost more than the dividend would have given me. I even think I can get it at 24.

I don't think your calculation is correct. You lost 35k plus in real trade. Add your brokerage fee then you will get the rest. Give and take, still less than 100k loss as against the 210k loss you presented.

Top 5 traded (value)

Access 1.5 bln
Zenith 1.4 bln
Nbrew 1.2 bln
GTB 0.97 bln
UBA 0.65 bln

- banks found some vol with mixed closures to end d week adn start a new month .
- good sign
- brokers are happy today

chai!

nobody predict this

Mpeace:
HOW ZENITH ALMOST TOOK ALL OF MY PROFIT FROM TRANSCORP AND OANDO
On 30th May, I remember buying 350,000 units of zenith bank at 26.2 because I thought the bull was around, more so that diamond, fidelity, fcmb and transcorp (among others) went on a sudden full bid. Minutes later, the bulls started losing strength so I immediately sold all the units at 26.10. At that point I was pained because of the loss and the broker's fees which all came up to almost 210,000 loss in just a few minutes.
Looking back now at the price of zenith bank(25.50) today, I have no regrets. I would have lost more than the dividend would have given me. I even think I can get it at 24.

you are the man, i like the courage.

emmanuelewumi:
j

You should have given your CHN to your new broker.

Write CSCS and apply for a merger of your CHN, indicating the preferred CHN.

OK BOSS

fxuser:
Top 5 traded (value)

Access 1.5 bln
Zenith 1.4 bln
Nbrew 1.2 bln
GTB 0.97 bln
UBA 0.65 bln

- banks found some vol with mixed closures to end d week adn start a new month .
- good sign
- brokers are happy today

NBST....
Even the fair price gang has escaped the CARPENTER'S HAMMER, which is still hanging above the market and has refused to go away....
Monthly charts are still interrupting my midnight dreams....
That GTB @ N38.65 shows the security guard has abscounded .....
GTB may likely change its orange colour to pure OX BLOOD.
GTB @ NN27 may be a blessing to MAYBAKER, FIDSON, NB and even NEIMETH.....
NSE should be approached like a one night stand...