Access Bank is paying for the sins of Diamond Bank.

This is how Jesus paid and died for our sins.

NSE, I hail thee.

Abraaj Takes Over 70% Stake in C&I Leasing
**As C&I Leasing Plans to Dilute Abraaj Holdings to 30%
**Mulls IPO, Rights Issue
https://businesspost.ng/2019/01/10/abraaj-takes-over-70-stake-in-ci-leasing/

tritritri:



After the right issue you mean in few mth time?

maybe and maybe not this is NSE

dipoolowoo:
Abraaj Takes Over 70% Stake in C&I Leasing
**As C&I Leasing Plans to Dilute Abraaj Holdings to 30%
**Mulls IPO, Rights Issue
https://businesspost.ng/2019/01/10/abraaj-takes-over-70-stake-in-ci-leasing/

With this what do we expect? buy or sell

Michael11stock:
With this what do we expect? buy or sell

In my view, selling one's holdings in the this company won't be a bad idea. But remember, after the reconstruction process is finalised, the share price should be around N7 per unit and with the rights issue/IPO underway, this value may further drop when the suspension is lifted by the NSE. At that point, you can re-enter if you feel things are looking good for the company.
But I really don't see this company performing any magic to remain viable.

dipoolowoo:




In my view, selling one's holdings in the this company won't be a bad idea. But remember, after the reconstruction process is finalised, the share price should be around N7 per unit and with the rights issue/IPO underway, this value may further drop when the suspension is lifted by the NSE. At that point, you can re-enter if you feel things are looking good for the company.
But I really don't see this company performing any magic to remain viable.

They just want to scam Abraj ...After investing 10M u want to dilute there money back to 4M ... First reconstruction followed by right issue...why not go for right issue since u need money ? more reason why d big guyz tink twice when u mention nse.

tritritri:



They just want to scam Abraj ...After investing 10M u want to dilute there money back to 4M ... First reconstruction followed by right issue...why not go for right issue since u need money ? more reason why d big guyz tink twice when u mention nse.

Abraaj is also a dying company. I want to believe they were left with no other option than to accept to convert the loan to equity in C&I leasing. If not, I really don't see this as a good deal.

veecovee:
I sent mail to you ... Do you prefer the message here?

...Replied.

Those waiting for access at 5, what's the difference between that and 5.30?
If I can buy Access at 5, I think I will buy at 5.30

Agbalowomeri:
Those waiting for access at 5, what's the difference between that and 5.30?
If I can buy Access at 5, I think I will buy at 5.30

so are you buying ?

Agbalowomeri:
Those waiting for access at 5, what's the difference between that and 5.30?
If I can buy Access at 5, I think I will buy at 5.30

Wat price u think access is worth buyin ? and wat price u think the the right issue might be advice needed pls.

cc : onegentleguy , mendes911 , Agbalowomeri , BBM .

Tolktob:

so are you buying ?

If I see am at 4.20

Agbalowomeri:


If I see am at 4.20

Don't you think the right issue will be priced higher dan N5 ?

tritritri:


Wat price u think access is worth buyin ? and wat price u think the the right issue might be advice needed pls.

cc : onegentleguy , mendes911 , Agbalowomeri , BBM .

...right price now is wait for Access market sentiment to change to bullish. For now it's bear everywhere, but is within a very strong support. Bears can also break the support. Let's wait for confirmation - it's looking really cheap

Tolktob:

Don't you think the right issue will be priced higher dan N5 ?

I think the last right issue was 3.5 or so.

BullBearMkt:

...right price now is wait for Access market sentiment to change to bullish. For now it's bear everywhere, but is within a very strong support. Bears can also break the support. Let's wait for confirmation - it's looking really cheap

Thanks my oga.

Tolktob:

Don't you think the right issue will be priced higher dan N5 ?

Bros that arena is filled with cowboys
Na only dem sabi wetin be there target
We here just dey shoot in the dark ni

I bought again today Access something is fishy

Agbalowomeri:
Those waiting for access at 5, what's the difference between that and 5.30?
If I can buy Access at 5, I think I will buy at 5.30

It is not the same thing o...
Let see what happens tomorrow

dipoolowoo:
MRS Oil Nigeria MD/CEO Resigns With Immediate Effect
https://businesspost.ng/2019/01/10/mrs-oil-nigeria-md-ceo-resigns-with-immediate-effect/

CBN to Auction N823.5b Fresh Treasury Bills in Q1 2019
https://businesspost.ng/2019/01/10/cbn-to-auction-n823-5b-fresh-treasury-bills-in-q1-2019/

ever since dantata left mrs, this company is finding it hard to stay on its feet, they are the only ones with a lower than 10% margin on the sales of their products.............petroleum marketing is gradually becoming a dying business to Nigerian elites,,,,,otedola is gone, sayyu dantata don run, alhaji Mangal is gradually liquidating his holds in major marketing companies.......The day I will put nails on the coffin of this business is the day Adenuga sells off his stake in conoil, I know that day is very near

Agbalowomeri:


Bros that arena is filled with cowboys
Na only dem sabi wetin be there target
We here just dey shoot in the dark ni

You have said it all, we are all shooting in the dark here...
Buying access now is gambling ....
Ready to gamble some money on this one based on my calculation and gut feeling...

Agbalowomeri:
Those waiting for access at 5, what's the difference between that and 5.30?
If I can buy Access at 5, I think I will buy at 5.30

#5 seems good, but below will make more sense, whether current price or below price they are all bonanza offer. But the should abolish their right issues intention for now.

onegentleguy:


Correct but for a much easier grasp, let's simplify it a bit.

A quick math;
Merger valuation of DIAMOND = N3.13
Cash consideration = N1
Therefore Effective allotment price of DIAMOND = N2.13
Current Price of DIAMOND =N1.90
Effective allotment price of ACCESS = V
Price of ACCESS equivalent to the current price of DIAMOND = Y
We need to find V and Y. ...where the value of Y should be our target price for ACCESS in relation to the trending price of DIAMOND.

According to the scheme of merger, 7 equity holding in DIAMOND shall be equivalent to 2 in ACCESS.
...therefore a 3.5(7/2) equity stake in DIAMOND shall equal an equity stake(1 unit) of ACCESS.
The arithmetic view of this is that an approx N7.45 (3.5 X N2.13) value in DIAMOND equates with 1 unit of ACCESS.
...this is the effective allotment price of ACCESS, hence V= N7.55.
Now to find Y, we need to 1st find the deriavable post merger value in DIAMOND. Which would be = current market price - cash consideration = N1.90 - N1 = 90k(u buy now for N1.90 and get back N1 in time)
Therefore a N3.15(3.50 X 0.90) monetary value in DIAMOND shall equate to a unit of ACCESS. ...hence Y = N3.15
The interpretation of this is that N3.15 is what ACCESS should be selling now relative to the current price of DIAMOND !!

To find Y(what price a unit of ACCESS should sell relative to that of DIAMOND) at any point in time, simply use the formula, [3.50 X (current market price of DIAMOND - 1)]
From the formula, u do not need a soothsayer to tell u that the prices of both coys are mutually inclusive and directly proportional to one another.
Sure u can decipher the rest.

Regards.

tritritri:


Wat price u think access is worth buyin ? and wat price u think the the right issue might be advice needed pls.

cc : onegentleguy , mendes911 , Agbalowomeri , BBM .

The best approach for now(short term in view) will be to adopt a swing trader-like strategy with playing ACCESS and an accumulating strategy(albeit in trenches) with DIAMOND ...read the post above again and fellow thru with the formula .
Like I said before; With the merger deal in place, the prices of both coys are mutually inclusive and directly proportional.
With the effective post merger price of ACCESS supposedly estimated at N7.45 and its price relative to that of DIAMOND at N3.15, u can use the difference therein as a focal point to draw ur personal investment strategy and goals in other to look out for some returns.

As a hint: Perhaps it would make some sense to adopt(as a part approach) an accumulating or averaging down strategy(buying into any dip) on DIAMOND as the price of ACCESS drops, and/or maybe a gradual accumulation of ACCESS as the price dips while that of DIAMOND rises. ...or perhaps following thru with a reverse approach should the opposite trend play out with both coys.
That said, don't forget to lock in ur profit between, anytime it pleases u.
But hey, due diligence should still remain ur 1st priority !!

Cheers.

onegentleguy:



The best approach for now(short term in view) will be to adopt a swing trader-like strategy with playing ACCESS and an accumulating strategy(albeit in trenches) with DIAMOND ...read the post above again and fellow thru with the formula .
Like I said before; With the merger deal in place, the prices of both coys are mutually inclusive and directly proportional.
With the effective post merger price of ACCESS supposedly estimated at N7.55 and its price relative to that of DIAMOND at N3.15, u can use the difference therein as a focal point to draw ur personal investment strategy and goals in other to look out for some returns.

As a hint: Perhaps it would make some sense to adopt(as a part approach) an averaging down strategy(buying into any dip) on DIAMOND as the price of ACCESS drops, and vise versa. ...and then locking in ur profit between, anytime it pleases u.
But hey, due diligence should still remain ur 1st priority !!

Cheers.

Access should be at least 10 once merge together with Diamond due diligence not a buy or sell recommendation

Transcorp na bitch

Michael11stock:
Access should be at least 10 once merge together with Diamond due diligence not a buy or sell recommendation

The way you just dey dash figures to stocks ehn, your skills will be highly needed in Las Vegas

Jejebabaa:


The way you just dey dash figures to stocks ehn, your skills will be highly needed in Las Vegas

pay me I will come work na

Jejebabaa:


The way you just dey dash figures to stocks ehn, your skills will be highly needed in Las Vegas

expect small bull tomorrow

Michael11stock:
pay me I will come work na

U know say u be my oga now so i wont be able to pay your fees ooo.

Michael11stock:
expect small bull tomorrow

Ok sir, is it based on TA, FA, GA or SA?

Michael11stock:
Access should be at least 10 once merge together with Diamond due diligence not a buy or sell recommendation

10 With the OS ? dat means uba and fbnh will be how much?