Mpeace:
They whole recapitalization thing has been suspended na. https://nairametrics.com/fg-follows-court-order-suspends-insurance-firms-recapitalisation/
I don't even know which direction Insurance sector is heading.

Good to know the plan has been suspended. They just wanted to strain the economy the more with the plan.
With the suspension, the sector wouldnt be tensed for some times I believe.
Make I start to dey look the subject side again.

locodemy:
If you are eyeing AIico,you should have gotten yours at 78/80kobo as others are doing right now.The outcome of the meeting tomorrow will decide the movement of the stock either up or down.if they okay the 1.20 right issue,mehn............it's going straight to 1.30 or 1.50.on the other side Aiico will package a decent result @q3 to gain investors for the right issue.

I'm aiming at getting some units under 70k, that 80k is somehow high for me, maybe it's because I'd followed it for quite some times between 57 and 64k.
Na there you erect your tent now?

Yayira:


When sake bite you, if you see worm you go run..
Dollartex where you think say this fidelity “bull” go reach ?
A bird at hand is far better than a million in the bush..
Fidelity, FCMB and Diamond no be stock wey dem dey marry oo.. you’ve got to treat them as mistress..
when you reach your %%% run

lol,true talk yayira,caution is the word.however,fidelity is just too cheap based on this AUDITED result.my target is 2.3.

locodemy:


If you are eyeing AIico,you should have gotten yours at 78/80kobo as others are doing right now.The outcome of the meeting tomorrow will decide the movement of the stock either up or down.if they okay the 1.20 right issue,mehn............it's going straight to 1.30 or 1.50.on the other side Aiico will package a decent result @q3 to gain investors for the right issue.

Aiico that is planning to raise a total of 25billion? I wonder what their outstanding shares would be at the end of the day. This one of tomorrow is just the first tranche to raise 5billion by creating 4.4billiin new shares and raising OS to over 10billion. By the time they are done raising 25billion naira their OS go done reach 30billion. You can then imagine what the share price would be.

Mpeace:
Aiico that is planning to raise a total of 25billion? I wonder what their outstanding shares would be at the end of the day. This one of tomorrow is just the first tranche to raise 5billion by creating 4.4billiin new shares and raising OS to over 10billion. By the time they are done raising 25billion naira their OS go done reach 30billion. You can then imagine what the share price would be.

I miss oracle!he will say run from a company that wants to take your money!

Mcy56:

I'm aiming at getting some units under 70k, that 80k is somehow high for me, maybe it's because I'd followed it for quite some times between 57 and 64k.
Na there you erect your tent now?

No I don't have it because I am in shortage of cash now.i consider it as the best insurance stock to buy now following their latest result and q3 to drop soon and the right issue @ 1.20.Tomorrow will show us a clearer direction on the stock.

locodemy:


No I don't have it because I am in shortage of cash now.i consider it as the best insurance stock to buy now following their latest result and q3 to drop soon and the right issue @ 1.20.Tomorrow will show us a clearer direction on the stock.

Does rights issue always imply increase in stock price? Why will I take up my rights when I can get the stock for less in the secondary market?

I am just curious..

locodemy:
No I don't have it because I am in shortage of cash now.i consider it as the best insurance stock to buy now following their latest result and q3 to drop soon and the right issue @ 1.20.Tomorrow will show us a clearer direction on the stock.

For result: Fine. Price below 70k for me.
For right issue: Nay.... atimes the opposite used to be the case i.e. it MIGHT shed price instead.

Mpeace:
Aiico that is planning to raise a total of 25billion? I wonder what their outstanding shares would be at the end of the day. This one of tomorrow is just the first tranche to raise 5billion by creating 4.4billiin new shares and raising OS to over 10billion. By the time they are done raising 25billion naira their OS go done reach 30billion. You can then imagine what the share price would be.

Note that this is Nigeria, the next offer will be done after they push the price above N1.50.
It is very easy to do this for a stock like AIICO.
They will not keep raising the rest of the money at this price level. NEVER!
Things may go either way.
Remember FMN was planning their next offer above N50 (N65?), then Indonesia struck their radar.
Their share price is still buried in the wreckage.
I have no facts, just past experiences.
Insurance companies receive their lectures from Diamond university!

Disclosure: I cant tell what keep making me to cancel my buy orders here. I have only 100units = N78.00..
Maybe it is the signature units I have in GOLDLINK...

swilo:


Does rights issue always imply increase in stock price? Why will I take up my rights when I can get the stock for less in the secondary market?

I am just curious..

PRIMARY MARKETS IS NOT FOR RETAIL INVESTORS..... TAKE LARFARGE FOR EXAMPLE, THEY DID RIGHTS issue for #44 last year,it was over subscribed, Larfarge sa even bought all the rights not taken up by retail investors......today larfarge is #22..........

EKUU MARKET,

EKUU imura BULL

Mpeace:
They whole recapitalization thing has been suspended na. https://nairametrics.com/fg-follows-court-order-suspends-insurance-firms-recapitalisation/
I don't even know which direction Insurance sector is heading.
I have always seen the 20kobo rule as one designed to enable easy/aggressive takeovers. Pple will buy off some insurance companies soon. They are now so cheap.

Thanks,

thank God I asked, at least I can still JIJO small.

DeRuggedProf:


Remember FMN was planning their next offer above N50 (N65?), then Indonesia struck their radar.

DeRuggedProf explaine better ooh

currentprice:
EKUU MARKET,

EKUU imura BULL

Share your oyel loot abeg. No bring chart commot today....

locodemy:


Teacher no teach me nonsense.
oil now $86.

How mkt? by the time you wake up 2morrow, we must have eat it deeply to some levels

swilo:
Does rights issue always imply increase in stock price? ..

No.
Example, recently concluded Mbenefit right issue.

currentprice:
EKUU MARKET, EKUU imura BULL

Your candle don sight the bull?

Mcy56:
Fidelity is just struggling at that 1.86/1.87 junction, whether na the fuel don dey finish I no know. Me don jump out jare.

dont know the reason u jump out of this train, when u hav a better entry

DeRuggedProf:
Insurance companies receive their lectures from Diamond university!
Disclosure: I cant tell what keep making me to cancel my buy orders here. I have only 100units = N78.00....

currentprice:
dont know the reason u jump out of this train, when u hav a better entry

Are you saying it's still a good pick at 1.80/1.85?

Mcy56:

No.
Example, recently concluded Mbenefit right issue.

Please, was it over or under subscribed? I have been seeking info on it for a while.

*Daily Market Summary October 4, 2018.*

The Nigerian Stock Exchange (NSE) continued on a downward slope, as the All Share Index closed at 32,423.57 basis points, down 0.09%.

Year to date, the index is down 15.22%.

*Top Gainers and Losers*

*Gainers*

Cutix Plc was the best performing stock today. The stock closed at N4.73, up 10%.

Sovereign Trust Insurance closed at N0.24, up 9.09%.

AG Leventis Plc closed at N0.40, up 8.11%.

*Losers*

On the flip side, Niger Insurance closed at N0.28, down 9.68%.

Neimeth International Pharmaceuticals closed at N0.59, down 9.23%.

Royal Exchange Plc closed at N0.20, down 9.09%.

*Top trades by volume*

FCMB was the largest traded stock by volume. 28.9 million shares valued at N49.8 million were traded in 202 deals.

19 million Fidelity bank shares valued at N35.5 million were traded in 131 deals.

18.1 million Guaranty Trust Bank shares valued at N671 million were traded in 123 deals.


This Nairametrics post is brought to you by I-Invest

Invest in treasury bills in 5 minutes by visiting http:///i-invest_ng Today

Download the app via your Playstore or Apple Store.

swilo:
Please, was it over or under subscribed? I have been seeking info on it for a while.

Don't have the info yet.... but I assume it would be fully subscribed if not oversubscribed self.

Mcy56:

Are you saying it's still a good pick at 1.80/1.85?

in my opinion, based on their recent numbers i believe it very good

note; i have no single unit of fidelity as at today o

currentprice:
in my opinion, based on their recent numbers i believe it very good
note; i have no single unit of fidelity as at today o

Okay. Thank you.
You no need to explain yourself too much. No mind Peterichy wey call you name.

DeRuggedProf:


Share your oyel loot abeg. No bring chart commot today....

currentprice:


in my opinion, based on their recent numbers i believe it very good

note; i have no single unit of fidelity as at today o

CP,

dont be offended o, which stock do you buy or have sef? We cannot be making the money while you are standing on the sidewalk, are you a good samaritan?

swilo:


CP,

dont be offended o, which stock do you buy or have sef? We cannot be making the money and you are standing on the sidewalk, are you a good samaritan?

u wouldn't believe that i have no single stock in my portfolio for now but i am entering the mkt next week by God grace

currentprice:


boss, CP is considering oct. entry. mkt will tell

my post 6 week ago

fund acct with all my brokers

currentprice:


in my opinion, based on their recent numbers i believe it very good

note; i have no single unit of fidelity as at today o

fidelity na big belle, you no dey like big (OS) belle stocks

veecovee:
fidelity na big belle, you no dey like big (OS) belle stocks

you wrong, i buy any stock that i think can give me good value. even if it 100b (os)

check my post few month ago i recomend transcorp here. transcorp have over 40b (os)