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Nairaland Forum / Nairaland / General / Investment / Nigerian Stock Exchange Market Pick Alerts (11379617 Views)
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Re: Nigerian Stock Exchange Market Pick Alerts by Calebbold: 9:02pm On May 31, 2019 |
MTN completes final payment to NCC!!! http://www.nse.com.ng/Financial_NewsDocs/26285_MTN_NIGERIA_COMMUNICATIONS_PLC_CORPORATE_ACTIONS_MAY_2019.pdf |
Re: Nigerian Stock Exchange Market Pick Alerts by Bbbwings: 9:06pm On May 31, 2019 |
calvaryholdings:I have been here for over a year. Yet still, I'm in observation mode.. I'm afraid.
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Re: Nigerian Stock Exchange Market Pick Alerts by Mcy56(f): 9:06pm On May 31, 2019 |
Chibuking81:Okay sir. |
Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 9:06pm On May 31, 2019 |
SEC should come up with a new rule, mandating the listed companies to pay 50% and above of their EPs. Company will keep on accumulating retain earning, and after some time they will come up with bad news and the whole earning will disappear. They will borrow company money to themselves using another name, only to come up and write it off as bad debt. It's what a man eat that he carried. This nonsense of paying below 15% from total earning should stop. Any company that earn a little should report what they earn. 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by Mcy56(f): 9:07pm On May 31, 2019 |
Bbbwings:Why if I may ask? |
Re: Nigerian Stock Exchange Market Pick Alerts by stcool(m): 9:10pm On May 31, 2019 |
Mcy56: In this Buharinomics they is money one cannot afford to loose else Wale can send one to the hospital with serious health complications that medicine cannot solve. let me just be watching it's safer! 3 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 9:26pm On May 31, 2019 |
stcool: You don't know what you are talking about.The company that is almost bankrupt.Almost all the subsidiaries have been sold. With the way things are going now,the stock may be placed on technical suspension on Monday.Secondly,this stock will reconstruct their 12B shares as to enable them raise another money to move forward.You should start now to think about this heavy tragedy befalling on shareholders. |
Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 9:30pm On May 31, 2019 |
Chibuking81: How can when Wale alone pockets 500m as a salary plus the Bleep they are fucking the company on top of shareholders. |
Re: Nigerian Stock Exchange Market Pick Alerts by chillykelly86(m): 10:12pm On May 31, 2019 |
chillykelly86: I want to sincerely apologize for this erroneous analysis based on very scanty information available at the time and especially so because it sounded authoritative. I categorically state that I would never and never meant to consciously deceive anyone with false information. If anyone acted based on this information, I am sincerely sorry. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 10:36pm On May 31, 2019 |
https://www.premiumtimesng.com/business/business-news/332795-investors-react-to-tinubus-suspension-by-sec.html INVESTIGATIONS BUSINESS HEALTH AGRICULTURE ARTS/LIFE SPORTS PANAMA PAPERS PARADISE PAPERS Premium Times Nigeria logo 00:00 Investors react to Tinubu’s suspension by SEC Jubril Adewale Tinubu [Photo Credit: THISDAYLIVE] Ndume advert May 31, 2019Agency Report Operators on the nation’s bourse on Friday said that suspension of two directors of Oando Plc from public companies for five years would bring sanity to the capital market. They spoke with the News Agency of Nigeria (NAN) in Lagos in reaction to the outcome of the Securities and Exchange Commission (SEC) forensic audit of Oando Plc. NAN reports that SEC on Friday barred Wale Tinubu, the company’s Group Chief Executive Officer, and Omamofe Boyo, the Deputy Group Chief Executive Officer, from being directors of a public company for five years. The commission conveyed the decision in a statement signed by Efe Ebelo, its Head of Corporate Communications, NAN reports that SEC in March 2018 announced the commencement of audit of Oando Plc’s account. It said it had appointed Deloite Nigeria to proceed with the forensic audit. The commission in the statement also directed resignation of the affected board members, and called on the company to convene an extra-ordinary general meeting on or before July 1, to appoint new directors. Commenting on the development, Ambrose Omordion, the Chief Operating Officer, InvestData Ltd., said that the suspension would send a signal to other managing directors and executives in the market. Mr Omordion said that the outcome of the forensic audit showed that SEC could bite and not only bark. He said that the investing public had been calling for change in the company’s management for a long time. According to Mr Omordion, there will be santiy in the company when the new management takes over in July. “Other companies and their directors will sit up, seeing how Oando management and its directors ended up. “SEC decision will further boost corporate governance and transparency in qouted companies and increase investors’ confidence,” Mr Omordion told NAN. Shehu Mikail, National President, Constance Shareholders Association of Nigeria, also expressed satisfaction at the commission’s decision. Mr Mikali said that the ban would instill transparency and corporate governance in the nation’s capital market. The shareholder activist said that the outcome showed that nobody was above the law in the market. He said that some companies had collapsed due to lack of transparency and corporate governance. (NAN) |
Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 4:09am On Jun 01, 2019 |
Chibuking81: Ordinary N94b and you are asking hope Nigerian banks are safe? For many years running, Nigerian banks had been getting paid, restructuring the loans for them, taking impairments on their loan book as NPL, even calling on CBN to intervene at a point which caused OANDO to sell some assets. You can't owe bank and they will not get their money back. Banks must have tied the loans to a physical assets. By the way, were not the person that alerted the members here that OANDO seem to have finished paying their debts to Nigerian banks and if it was cleared to buy the stock? ![]() Deepsuk, oya see one of them here. 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 4:44am On Jun 01, 2019 |
chillykelly86: I corrected you but you did "I too know". So I left you na. Una eyes don dey clear one by one. |
Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 4:47am On Jun 01, 2019 |
locodemy: They must definitely raise more money via rights ![]() A new management will be constituted to manage the company. I pity the "shellholders". |
Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 4:51am On Jun 01, 2019 |
stcool: ![]() ![]() Today FA has won over TA. Price and volume action isn't all that one needs in the market. FA tells you the health of the company first and foremost. And no matter how tempting the price action gets, strict FA will not go in for it. And to think that MSCI has Oando in their portfolio says alot about the stock picker. ![]() 3 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 4:59am On Jun 01, 2019 |
Chibuking81: And GTB wasn't amongst these banks. This shows that GTB has a strong risk department. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 5:35am On Jun 01, 2019 |
RabbiDoracle:And you are still heavy in Oando? If am not mistaken, you are one of their diehard investors. ![]() ![]() ![]() 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 5:42am On Jun 01, 2019 |
RabbiDoracle: RabbiDoracle: Since 90 billion is ordinary as you said, the bank that involve were also having strong risk department, because the money is just ordinary as you view it "You can't owe bank and they will not get their money back. Banks must have tied the loans to a physical assets." 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 5:45am On Jun 01, 2019 |
Everyone calm down.. This was how oando started last year and did 100% in less than 4mth afterwards..dis was how diamond started as well and so on. I will be happy if it can be place on suspension and new management shd come in , float a right issue at 7-9 naira .. if i see oando at 3.5 i will buy as long as with the new management. 5 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 5:50am On Jun 01, 2019 |
tritritri:With sanction of scam group the Masters of stock manipulation, do you think that manipulation in stock will still go on, most especially now the auditor has open their mess, and knowing fully well that bouncing back will take number of years, you think at 7/9 that people will pick their offer? |
Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 6:32am On Jun 01, 2019 |
Chibuking81: The suspension alone will take a whole year.For them to stand as a company on the absence of Wale,there will be a total clean up which will last for one or two years.They will now talk of fund raising which will lead them to reconstruct their existing shares.Chai.......This one is a very looooooooooooong thing oooooooooo. |
Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 6:56am On Jun 01, 2019 |
locodemy: Let watch on how it will end. Locodemy how did your trade of oando ended last year...did u hold on till it went F Bid.? 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 7:13am On Jun 01, 2019 |
tritritri: Sold on full bid without profit. |
Re: Nigerian Stock Exchange Market Pick Alerts by Northeastern: 7:19am On Jun 01, 2019 |
RabbiDoracle: No mind them, they entered before thinking of what they are buying. Among the reasons folks are buying are FOMO and halo effect, even at that, sentiments and wishful thinking don't push prices up, real money does. Most of the FPIs in our market come through or have some connection with the SA market, yet folks believe those FPIs will leave MTN SA and come and buy MTNN. Some even said PFAs will buy, really, PFAs buy MTNN? The stellar 2018 profit of 145.69 billion yielded and EPS of 357.87 using the issued shares of 407,090,263 units. With the present outstanding shares of 20,354,513,050 units, the 145.69 billion profit will only yield an EPS of 7.16. Meanwhile, Dangcem that is trading around 200 has a FYE 2018 EPS of 22.83, its EPS is 3.2 times that of MTN meaning it should be trading around 435. Using the same logic, Zenith's EPS of 6.15 is 86% that of MTNN so it should be trading at 0.86*136.50 = 117.25. Bottom line is, just as 435 and 117 looks unreal for Dangcem and Zenith, so is the current price of MTNN. While many other factors determine where stock prices trade, a methodical investor will not touch MTNN at this price. 5 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by Jejebabaa: 7:23am On Jun 01, 2019 |
lancee:Myself inclusive having bought it at 97.50 in 2004 Public offer. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by Agbalowomeri: 7:28am On Jun 01, 2019 |
Jejebabaa: I remember buying some units at this price too; that should be around 2004/5 Where the certificate dey sef, person don suffer for this market o 3 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by Northeastern: 7:36am On Jun 01, 2019 |
locodemy: There is no suspension that is going to last two years. I don't know if the fortunes of the company will change, but I know that the share price will not suffer, any negative reaction will be fleeting. The exit of Wale will pave the way for the Volpi and Mangal to take charge. Even though Volpi's interest is indirect, the initial plan was to take over the company before that small girl ruined herself thinking she was doing Gwarzo. I am not sure what the free float is but I guess it is around 30%, that would not pose a challenge when it is time to increase their stake from the market. 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by Northeastern: 7:47am On Jun 01, 2019 |
Jejebabaa: Why didn't you sell when it rallied to 280+ in 2008. Or did you sell before then? |
Re: Nigerian Stock Exchange Market Pick Alerts by Jejebabaa: 7:48am On Jun 01, 2019 |
Agbalowomeri: Person don suffer for this market no be lie. I still have the photocopy of the certificate with me. Anytime i remember the price i bought and the rate at which i ran to the bank that day to buy before closure, water runaway me eye oo. 3 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by Mpeace(m): 7:48am On Jun 01, 2019 |
Northeastern:I see NSE delisting Oando, not suspension. If you go back to SEC preliminary investigation report which preceded the forensic audit, you would notice the recommended sanctuary for all the infractions was delisting. Note that SEC's publication says it would make recommendations to NSE. The best thing for oando shareholders not is outright sale. ie acquisition. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by Coolcash1: 7:51am On Jun 01, 2019 |
modgba: Abi werey ni bobo Wale yi ni. Abeg EFCC should go and pick him and his gang on Monday.... |
Re: Nigerian Stock Exchange Market Pick Alerts by Northeastern: 7:52am On Jun 01, 2019 |
Mpeace: Who is NSE? Oga, you don't have regulators here so no go there. As things stand, it is Oando that will delist NSE. No one is delisting any company. |
Re: Nigerian Stock Exchange Market Pick Alerts by Jejebabaa: 7:58am On Jun 01, 2019 |
Northeastern: Till date, i am yet to sell. Still in my portfolio as a remembrance of my stupidity. |
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