NSE is like marriage
Learning and experience is continuous.

no kill me oooo it will rise with time

ndidigood:
She be de say pple de look for it
Left,right and center(transcorp)

@Loco,how about that Barrister ? Transcorp is much available now
you go dey alright las las in this market

Tolktob:
@Loco,how about that Barrister ? Transcorp is much available now
you go dey alright las las in this market

Loko average down at 1.13 likewise me . We have nothing to worry about. No be people buy zenith at 25 and now na 20 dem never kill demself ooh.

President don come back from abroad? maybe market is reacting to the news

Michael11stock:
So how do you get your own share of the money? “The final price to be paid to the shareholders of the company would be adjusted downwards to exclude shares held by Olam through its subsidiary.”

Dangote will not sell to Olams at anything less than N25...this is over 30-40% upside potential at today's closing of 16.00. When you add other incentives Olams
gets from the deal

Make una stay for inside house... It is raining outside.

onegentleguy:
https://t.guardian.ng/business-services/business/mtn-nigeria-registers-to-list-20-4-billion-shares-at-0-02-naira-each/

"MTN Nigeria said on Tuesday it has registered to list 20.4 billion ordinary shares at 0.02 naira ($0.0001) each with the country’s securities regulator.
The South African telecoms firm said in its statement it has started negotiations with the stock exchange to complete the listing."

I think there might have been an error with the listing price as reported by the guardian.
In other news, the company also announced the appointment of Mohammed Rufai as its Chief Technical Officer. Mr Rufai, a telecom industry veteran, was a one time General Manager responsible for Technology in the South-east Africa and Ghana region, and a former CTO of MTN Ghana.

On the part in bold, Reuters seem to in agreement though;

https://www.reuters.com/article/us-nigeria-mtn-group/south-africas-mtn-registers-nigerian-business-shares-before-listing-idUSKCN1SD15G

"LAGOS (Reuters) - MTN has registered more than 20 billion shares of its $5 billion Nigerian business before its planned listing of the unit in the West African nation, the South African telecoms firm said on Tuesday.

It announced the move shortly after a judge cleared Africa’s biggest telecoms firm on Tuesday of missing a deadline to file a challenge against a $2 billion tax demand, the latest row with the authorities to beset MTN’s Nigerian business.

MTN argues that the attorney general exceeded his power when he issued the backdated tax demand in September. State lawyers had filed a case saying MTN did not file its challenge in time.

MTN Nigeria said after the judge’s ruling it had registered to list 20.4 billion ordinary shares at 0.02 naira ($0.0001) each with Nigeria’s securities regulator, before listing the business that MTN valued at about $5 billion last year.

“We have achieved another milestone in our listing process,” MTN Nigeria Chief Executive Ferdi Moolman said in a statement.
The company said it had started talks with the stock exchange to complete the listing and would meet investors to discuss the plans on May 16.

It has previously said it did not plan to raise funds from investors immediately via the listing.

Nigeria is MTN’s biggest market, with 58 million users in 2018 and accounting for a third of the firm’s annual core profit. But the business has faced challenges in Nigeria, ranging from the tax demand to a fine over unregistered SIM cards.

MTN had said in 2016 it planned to list its local unit on the Nigerian Stock Exchange after agreeing to pay a $1.7 billion fine to settle the SIM card dispute with the government.
It previously said it planned to list in the first half of 2019.

In the tax case, a hearing into whether the auditor general acted within his rights is scheduled for June 26.

“MTN maintains that it is fully compliant with Nigerian tax laws. The company remains committed to meeting its fiscal responsibilities and contributing to the social and economic development of Nigeria,” MTN said after Tuesday’s ruling.

In the commercial capital Lagos, lawyers for the opposing sides had argued over whether or not the telecoms firm responded to the tax bill within the three-month period stipulated by law. The judge ruled that said MTN had responded in 19 days.

In a separate case, MTN agreed in December to make a $53 million payment to resolve a dispute over dividend repatriation.

MTN shares in Johannesburg were up 0.7 percent at 104.37 rand by 1338 GMT."

^^^
^^^
Things seem to be happening so fast for MTN;
A switch to a PLC with the CAC, Appointment of high profile figures in key board and management positions, filling with the CMOs(the SEC, NSE...) and now clearance of long pending legal cases against the firm... all within the space of 10 working days.

Oh the Nigeria state !! ...what a place to be.
It's simply a portfolio country !!

Will they transfer money to our bank account after the deal has been sealed? or will be listed as new shares in market ?just curious you know? i hate going to registrars that wont update your mandate on time.

stcool:


Dangote will not sell to Olams at anything less than N25...this is over 30-40% upside potential at today's closing of 16.00. When you add other incentives Olams
gets from the deal

Make una stay for inside house... It is raining outside.

N 0.02 naira? omo if this is true value then we may not see it to buy ooo that is 2kobo only a whole MTN

onegentleguy:


On the part in bold, Reuters seem to in agreement though;

https://www.reuters.com/article/us-nigeria-mtn-group/south-africas-mtn-registers-nigerian-business-shares-before-listing-idUSKCN1SD15G

"LAGOS (Reuters) - MTN has registered more than 20 billion shares of its $5 billion Nigerian business before its planned listing of the unit in the West African nation, the South African telecoms firm said on Tuesday.

It announced the move shortly after a judge cleared Africa’s biggest telecoms firm on Tuesday of missing a deadline to file a challenge against a $2 billion tax demand, the latest row with the authorities to beset MTN’s Nigerian business.

MTN argues that the attorney general exceeded his power when he issued the backdated tax demand in September. State lawyers had filed a case saying MTN did not file its challenge in time.

MTN Nigeria said after the judge’s ruling it had registered to list 20.4 billion ordinary shares at 0.02 naira ($0.0001) each with Nigeria’s securities regulator, before listing the business that MTN valued at about $5 billion last year.

“We have achieved another milestone in our listing process,” MTN Nigeria Chief Executive Ferdi Moolman said in a statement.
The company said it had started talks with the stock exchange to complete the listing and would meet investors to discuss the plans on May 16.

It has previously said it did not plan to raise funds from investors immediately via the listing.

Nigeria is MTN’s biggest market, with 58 million users in 2018 and accounting for a third of the firm’s annual core profit. But the business has faced challenges in Nigeria, ranging from the tax demand to a fine over unregistered SIM cards.

MTN had said in 2016 it planned to list its local unit on the Nigerian Stock Exchange after agreeing to pay a $1.7 billion fine to settle the SIM card dispute with the government.
It previously said it planned to list in the first half of 2019.

In the tax case, a hearing into whether the auditor general acted within his rights is scheduled for June 26.

“MTN maintains that it is fully compliant with Nigerian tax laws. The company remains committed to meeting its fiscal responsibilities and contributing to the social and economic development of Nigeria,” MTN said after Tuesday’s ruling.

In the commercial capital Lagos, lawyers for the opposing sides had argued over whether or not the telecoms firm responded to the tax bill within the three-month period stipulated by law. The judge ruled that said MTN had responded in 19 days.

In a separate case, MTN agreed in December to make a $53 million payment to resolve a dispute over dividend repatriation.

MTN shares in Johannesburg were up 0.7 percent at 104.37 rand by 1338 GMT."

onegentleguy:


On the part in bold, Reuters seem to in agreement though;

https://www.reuters.com/article/us-nigeria-mtn-group/south-africas-mtn-registers-nigerian-business-shares-before-listing-idUSKCN1SD15G

"LAGOS (Reuters) - MTN has registered more than 20 billion shares of its $5 billion Nigerian business before its planned listing of the unit in the West African nation, the South African telecoms firm said on Tuesday.

It announced the move shortly after a judge cleared Africa’s biggest telecoms firm on Tuesday of missing a deadline to file a challenge against a $2 billion tax demand, the latest row with the authorities to beset MTN’s Nigerian business.

MTN argues that the attorney general exceeded his power when he issued the backdated tax demand in September. State lawyers had filed a case saying MTN did not file its challenge in time.

MTN Nigeria said after the judge’s ruling it had registered to list 20.4 billion ordinary shares at 0.02 naira ($0.0001) each with Nigeria’s securities regulator, before listing the business that MTN valued at about $5 billion last year.

“We have achieved another milestone in our listing process,” MTN Nigeria Chief Executive Ferdi Moolman said in a statement.
The company said it had started talks with the stock exchange to complete the listing and would meet investors to discuss the plans on May 16.

It has previously said it did not plan to raise funds from investors immediately via the listing.

Nigeria is MTN’s biggest market, with 58 million users in 2018 and accounting for a third of the firm’s annual core profit. But the business has faced challenges in Nigeria, ranging from the tax demand to a fine over unregistered SIM cards.

MTN had said in 2016 it planned to list its local unit on the Nigerian Stock Exchange after agreeing to pay a $1.7 billion fine to settle the SIM card dispute with the government.
It previously said it planned to list in the first half of 2019.

In the tax case, a hearing into whether the auditor general acted within his rights is scheduled for June 26.

“MTN maintains that it is fully compliant with Nigerian tax laws. The company remains committed to meeting its fiscal responsibilities and contributing to the social and economic development of Nigeria,” MTN said after Tuesday’s ruling.

In the commercial capital Lagos, lawyers for the opposing sides had argued over whether or not the telecoms firm responded to the tax bill within the three-month period stipulated by law. The judge ruled that said MTN had responded in 19 days.

In a separate case, MTN agreed in December to make a $53 million payment to resolve a dispute over dividend repatriation.

MTN shares in Johannesburg were up 0.7 percent at 104.37 rand by 1338 GMT."

The MTN par value is the 2k but listing price should be in the range of N80 - N90 going by the guidance of $5billion valuation indicated. This will be approx. N1.8Trillion market cap and potentially close to 15% of NSE total market cap.

Deadlytruth:


Exactly.
Private Placement price was even N1.85
I just smile each time I recall how, in an attempt to beat traffic gridlock so as not to miss that private placement on the very closing day, I took a bike from Mushin headed for Intercontinental Bank in Tejuosho and instructed the bike man to move with the kind of speed he had never attempted since he started okada business. No be today nyash dey for back for stock investment matter for Nigeria o.

One of the funniest joke this year, thank God you no end up for Igbobi.

Michael11stock:
Will they transfer money to our bank account after the deal has been sealed? or will be listed as new shares in market ?just curious you know? i hate going to registrars that wont update your mandate on time.

Your bank account will be credited and after that the shares will be delayed from the market.

Wetin go sweet my bele na to hear something like special dividend of N1.00 and deal price of N25

Michael11stock:
N 0.02 naira? omo if this is true value then we may not see it to buy ooo that is 2kobo only a whole MTN

My sources say the listing price should peg far above that.

Aside that, my valuation estimate using a couple of their past financial print also pegs a possible listing price that should be way above that. Extrapolating to ~N95 per share. But that's just an estimate, so it could come in below or above that.

We wait to see what the listing price will be.
Interesting times ahead !!

Cheers.

laydap:



The MTN par value is the 2k but listing price should be in the range of N80 - N90 going by the guidance of $5billion valuation indicated. This will be approx. N1.8Trillion market cap and potentially close to 15% of NSE total market cap.

Kudos my dear.
Ur figure is also not far off from my estimate.

Michael11stock:
This one you speaking in parables hope all is well madam Yarinya

STNWAUME:


CASE STUDY.
In 2008 Union Diagnostic
IPO price was N3:00k
Private placement was N1:75k
Current price 23kobo.

BOTTOM LINE.
Nigeria management can't be trusted.

All is well oo.. na this post ^^^ and that transcorp abracadabra make me dey yan o..

ndidigood:
She be de say pple de look for it
Left,right and center(transcorp)

All na wash..to keep people for work..

Deadlytruth:


Exactly.
Private Placement price was even N1.85
I just smile each time I recall how, in an attempt to beat traffic gridlock so as not to miss that private placement on the very closing day, I took a bike from Mushin headed for Intercontinental Bank in Tejuosho and instructed the bike man to move with the kind of speed he had never attempted since he started okada business. No be today nyash dey for back for stock investment matter for Nigeria o.

So with all this experience. What do you think about NSE. Does it worth 100% dedication?
Have you lost or gain more in your years of trading and investing?

Thank you.

my gee

stcool:


Your bank account will be credited and after that the shares will be delayed from the market.

Wetin go sweet my bele na to hear something like special dividend of N1.00 and deal price of N25

ehyah now i get you, it is well with time it will favor you with time

Yayira:





All is well oo.. na this post ^^^ and that transcorp abracadabra make me dey yan o..

Mcy56:

When will you change this orientation that Nsempas are solely responsible for moving prices self?
If your assumption was right, why is price of transcorp, wapco, caverton, Dangsugar, Zenith, UBA, etc. still stagnant or even going down?
While cautioning is good, you should still stop discouraging people from posting their opinions too.

if u watch closely u know am among the most tolerant here.. I hardly pick quarrels but that doesn't mean I should be at home with fanatism

hmmmm man must chop on time on this. Shark tale observing in 3D thanks man

onegentleguy:


My sources say the listing price should peg far above that.

Aside that, my valuation estimate using a couple of their past financial print also pegs a possible listing price that should be way above that. Extrapolating to ~N95 per share. But that's just an estimate, so it could come in below or above that.

We wait to see what the listing price will be.
Interesting times ahead !!

Cheers.

Michael11stock:
N 0.02 naira? omo if this is true value then we may not see it to buy ooo that is 2kobo only a whole MTN

Not true .

tritritri:



Loko average down at 1.13 likewise me . We have nothing to worry about. No be people buy zenith at 25 and now na 20 dem never kill demself ooh.

When TRANSCORPSE was on full bid @#1:34 with over 40m units I advise LOCO to SHOOT if he wanna SHOOT. culled from a movie scene @(The good the bad and the ugly.)

Instead to heed my advice he boasted and personallly invited LUCIFER. Out of annoyance LUCIFER appeared and cleared all the BIDS in one swoop.

The rest is history
LOCO rightnow

Michael11stock:
ehyah now i get you, it is well with time it will favor you with time

O yes I know it is well.. just concerned about what’s happening on nse these days.. I no know whether na casino e dey turn too

PETERiCHY:


When TRANSCORPSE was on full bid @#1:34 with over 40m units I advise LOCO to SHOOT if he wanna SHOOT. culled from a movie scene @(The good the bad and the ugly.)

Instead to heed my advice he boasted and invited personallly LUCIFER. Out of annoyance LUCIFER appeared and cleared all the BIDS in one swoop.

The rest is history
LOCO rightnow

Where you dey get these pictures from slf.. lolz

Picked small of Zenith at 20.55 today, not bad for a stock that will likely pay N2.80 in 2019. Looking at picking UBA too. N6.50 will be a good price for a stock that will likely pay 85kobo next year.

The guy is a case. You will always laugh ni.

Yayira:


Where you dey get these pictures from slf.. lolz

MTN Nigeria Registers 20.355 billion Shares of 2 Kobo Each With SEC
https://businesspost.ng/2019/05/07/mtn-nigeria-registers-20-355-billion-shares-of-2-kobo-each-with-sec/

Japaul Operations Under Serious Threat
https://businesspost.ng/2019/05/07/japaul-operations-under-serious-threat/

Investment Opportunities for Retail Investors
https://businesspost.ng/2019/05/07/investment-opportunities-for-retail-investors/

locodemy:


what r you talking abt?

Even the Lucifer himself can't stop Transcorp from flying......

#5 is a sure bet.

TONY and his TRANSCORPSE shellholders.

BARGAIN HUNTERS TAKENOTE!

I may start taking your comments serious but with caution because u sound like a prophet sometimes.

PETERiCHY:


When TRANSCORPSE was on full bid @#1:34 with over 40m units I advise LOCO to SHOOT if he wanna SHOOT. culled from a movie scene @(The good the bad and the ugly.)

Instead to heed my advice he boasted and personallly invited LUCIFER. Out of annoyance LUCIFER appeared and cleared all the BIDS in one swoop.

The rest is history
LOCO rightnow