mendes911:


Baba, you get mind ooo....

My oga, i just dey test the water small small since sellers are getting tired considering the volumes being traded these days. My plan is to keep averaging down till 1.30 in case it keeps going down.

with all the losses recorded across board ,market still closed in green with 1.56%

Tolktob:
with all the losses recorded across board ,market still closed in green with 1.56%

Thanks to MTN.

Who on this platform has gotten even 1 unit of mtn share?. If no one has gotten, that means some serious illegality is going on, and both mtn , NSE, and SEC need to be sue to court. How can a stock be listed on the flour of NSE @#90, and for two consecutive trading section none of the ordinary shareholder participants has gotten one unit, and stock keep on closing on 10% on daily basis.

They should have giving them modality to make the share available for the first time at least 3 trading days, even if it mean creating additional share to accommodate new investors. Or get them going first through IPO, which will last for a week or two. This act of listing by introduction is purely scam.

Manipulation is seriously going on, from today market experience shows that various companies CEOs are grabbing their units through back door, massive sale off was witness in Nestle, GTB, Zenith etc, even in the FCMB that has CSL stockbroker as their subsidiary, offloaded heavily at #1.55 the last minutes of today trading, I believed that this has connection with getting money ready for Monday trading, I think since they are big stockbroking company they can easily get mtn stock on cross deal.

I place my buying order at about 9.40, and the order went through, but it didn't show in the bid line up, I placed another one and it didn't show also. When I refresh the bid box many times, I found out that nothing was added or removed, it appeared with the same figure from beginning to end of trading section, and my bid expired.

After they might have done pumping the price to their desired junction, they will look for whom to dump on. Anyway it's better we leave them, after they finish pumping the stock, they should also dump it on themselves.

Chibuking81:
Who on this platform has gotten even 1 unit of mtn share?. If no one has gotten, that means some serious illegality is going on, and both mtn , NSE, and SEC need to be sue to court. How can a stock be listed on the flour of NSE @#90, and for two consecutive trading section none of the ordinary shareholder participants has gotten one unit, and stock keep on closing on 10% on daily basis.

Manipulation is seriously going on, from today market experience shows that various companies CEOs are grabbing their units through back door, massive sale off was witness in Nestle, GTB, Zenith etc, even in the FCMB that has CSCL stockbroker as their subsidiary, offloaded heavily at #1.55 the last minutes of today trading, I believed that this has connection with getting money ready for Monday trading, I think since they are big stockbroking company they can easily get mtn stock on cross deal.

I place my buying order at about 9.40, and the order went through, but it didn't show in the bid line up, I placed another one and it didn't show also. When I refresh the bid box many times, I found out that nothing was added or removed, it appeared with the same figure from beginning to end of trading section, and my bid expired.

After they might have done pumping the price to their desired junction, they will look for whom to dump on. Anyway it's better we leave them, after they finish pumping the stock, they should also dump it on themselves.

When they done selling to friends and cronies, they will make it available for us. Then, the gnashing of teeth will start

Chibuking81:
Who on this platform has gotten even 1 unit of mtn share?. If no one has gotten, that means some serious illegality is going on, and both mtn , NSE, and SEC need to be sue to court. How can a stock be listed on the flour of NSE @#90, and for two consecutive trading section none of the ordinary shareholder participants has gotten one unit, and stock keep on closing on 10% on daily basis.

They should have giving them modality to make the share available for first at least 3 trading days, even if it mean creating additional share to accommodate new investors. Or get them going first through IPO, which will last for a week or two. This act of listing by introduction is purely scam.

Manipulation is seriously going on, from today market experience shows that various companies CEOs are grabbing their units through back door, massive sale off was witness in Nestle, GTB, Zenith etc, even in the FCMB that has CSCL stockbroker as their subsidiary, offloaded heavily at #1.55 the last minutes of today trading, I believed that this has connection with getting money ready for Monday trading, I think since they are big stockbroking company they can easily get mtn stock on cross deal.

I place my buying order at about 9.40, and the order went through, but it didn't show in the bid line up, I placed another one and it didn't show also. When I refresh the bid box many times, I found out that nothing was added or removed, it appeared with the same figure from beginning to end of trading section, and my bid expired.

After they might have done pumping the price to their desired junction, they will look for whom to dump on. Anyway it's better we leave them, after they finish pumping the stock, they should also dump it on themselves.

They no send u ooooo.............After all na you Nigerians forced them to list at Nse.Them gree before?

Chibuking81:
Who on this platform has gotten even 1 unit of mtn share?. If no one has gotten, that means some serious illegality is going on, and both mtn , NSE, and SEC need to be sue to court. How can a stock be listed on the flour of NSE @#90, and for two consecutive trading section none of the ordinary shareholder participants has gotten one unit, and stock keep on closing on 10% on daily basis.

They should have giving them modality to make the share available for the first time at least 3 trading days, even if it mean creating additional share to accommodate new investors. Or get them going first through IPO, which will last for a week or two. This act of listing by introduction is purely scam.

Manipulation is seriously going on, from today market experience shows that various companies CEOs are grabbing their units through back door, massive sale off was witness in Nestle, GTB, Zenith etc, even in the FCMB that has CSL stockbroker as their subsidiary, offloaded heavily at #1.55 the last minutes of today trading, I believed that this has connection with getting money ready for Monday trading, I think since they are big stockbroking company they can easily get mtn stock on cross deal.

I place my buying order at about 9.40, and the order went through, but it didn't show in the bid line up, I placed another one and it didn't show also. When I refresh the bid box many times, I found out that nothing was added or removed, it appeared with the same figure from beginning to end of trading section, and my bid expired.

After they might have done pumping the price to their desired junction, they will look for whom to dump on. Anyway it's better we leave them, after they finish pumping the stock, they should also dump it on themselves.

It is not manipulations.

The current shareholders are simply not selling.

Note:- MTN did not issue additional shares .

locodemy:


They no send u ooooo.............After all na you Nigerians forced them to list at Nse.Them gree before?

Those who force them are the one manipulating it. Mtn would have been better stay on their own, that coming to disorganize our market that is getting stabilize after the general election, market is moving one step up, two step down.

We should resist other listing by introduction, any one that fail to come in through IPO should stay clear.

PharmAlfred:


When they done selling to friends and cronies, they will make it available for us. Then, the gnashing of teeth will start

Hahahahahahahahahaha

I can't stop laughing. As Chibuking said, let them dump it on themselves. I hope retail investors are smarter and ignore MTN totally, but unfortunately people are emotional last last, they can't help themselves. We shall see though.

OBAGADAFFI:


It is not manipulations.

The current shareholders are simply not selling.

Note:- MTN did not issue additional shares .

Which is very bad idea, the SEC should have gotten them issue additional share, with low price, and compensate the existing shareholders by allocating bonus share to them.

Chibuking81:

Which is very bad idea, the SEC should have gotten them issue additional share, with low price, and compensate the existing shareholders by allocating bonus share to them.

That will happen for IPO.

This is just listing, must holders will hold till they issue more shares.

Chibuking81:
Who on this platform has gotten even 1 unit of mtn share?. If no one has gotten, that means some serious illegality is going on, and both mtn , NSE, and SEC need to be sue to court. How can a stock be listed on the flour of NSE @#90, and for two consecutive trading section none of the ordinary shareholder participants has gotten one unit, and stock keep on closing on 10% on daily basis.

They should have giving them modality to make the share available for the first time at least 3 trading days, even if it mean creating additional share to accommodate new investors. Or get them going first through IPO, which will last for a week or two. This act of listing by introduction is purely scam.

Manipulation is seriously going on, from today market experience shows that various companies CEOs are grabbing their units through back door, massive sale off was witness in Nestle, GTB, Zenith etc, even in the FCMB that has CSL stockbroker as their subsidiary, offloaded heavily at #1.55 the last minutes of today trading, I believed that this has connection with getting money ready for Monday trading, I think since they are big stockbroking company they can easily get mtn stock on cross deal.

I place my buying order at about 9.40, and the order went through, but it didn't show in the bid line up, I placed another one and it didn't show also. When I refresh the bid box many times, I found out that nothing was added or removed, it appeared with the same figure from beginning to end of trading section, and my bid expired.

After they might have done pumping the price to their desired junction, they will look for whom to dump on. Anyway it's better we leave them, after they finish pumping the stock, they should also dump it on themselves.

So are we still going to sue them?

https://www.nairaland.com/5193197/mtn-nigeria-gains-n184b-first

https://www.trendingaccounting.com/2019/05/mtn-nigeria-gains-n184b-in-first-day-of.html

awesomeJ:

So are we still going to sue them?

Abeg make una no put sand for my garri o.

Chibuking81:

Those who force them are the one manipulating it. Mtn would have been better stay on their own, that coming to disorganize our market that is getting stabilize after the general election, market is moving one step up, two step down.

We should resist other listing by introduction, any one that fail to come in through IPO should stay clear.

But NOTORE listed by introduction too now.

OBAGADAFFI:

must holders will hold till they issue more shares.

Or Till they crash MTNN DY to 5%, and raise ZENITH to 20%.

Una go dey alright... Continue offloading your shares to buy MTN

Until N180 - N200 una go wait tire

DeRuggedProf:
Where are the snake 'CHA'MERS'?

The charm is still potent.

awesomeJ:


Or Till they crash MTNN DY to 5%, and raise ZENITH to 20%.

They are not likely to crash it, if they dont issue more shares.

DeRuggedProf:
Where are the snake 'CHA'MERS'?

The charm has not really expired. Even if it does unexpectedly now, there is ASV in the form of other stocks currently being held hostage by MTN.

MTN right now

OBAGADAFFI:


It is not manipulations.

The current shareholders are simply not selling.

Note:- MTN did not issue additional shares .

If no trading happened . Then the price shouldn’t have changed .
Right?

Other stocks right now

OBAGADAFFI:


They are not likely to crash it, if they dont issue more shares.

So for 2018,
Gross earnings N1.04trn
EBITDA N453bn
But PAT eventually dipped to just N109bn

on the back of:
Depreciation : N 150bn
NCC fine N 110 bn
Net Fin. cost N38bn
CI TAX N 45bn

So EPS is about N 5.4

80% payout gives about 430kobo per share.

At N90 listing price, DY is about 4.8%

When it reaches N180, DY will have been crashed to 2.4%, Whereas Zenith is now nearing 15%.

P.S

I used my head as calculator, so there may be approximation errors, but I'm sure, the figures are largely in line.

rebekah2011:
http://www.nse.com.ng/Financial_NewsDocs/26213_MTN_NIGERIA_COMMUNICATIONS_PLC_CORPORATE_ACTIONS_MAY_2019.pdf

...wait until they do IPO... I can bet that once I hear IPO be rest assured that it becomes a case of Shellholders

Now that the stock is fair enough... See how they are hoarding it. The day I hear IPO... Na to jakpa

AkataYeriYeri:

If no trading happened . Then the price shouldn’t have changed .
Right?

It is currently trading,

When demand is more than supply you get scarcity .


Trading is demand and supply.

The shareholders holding things tight at MTNN

rebekah2011:
The shareholders holding things tight at MTNN

I knew Stanic will be present.

OBAGADAFFI:


It is currently trading,

When demand is more than supply you get scarcity .


Trading is demand and supply.

I’m not sure I understand you .
But does that mean I can still get some units if I bid early enough on a trading day?
Since all trading, if there will be any, will be on the floor of NSE ?
Please enlighten me before I move any fund to my stockbroking account.