veecovee:
House, pls, is this FO form worth filling
Peradventure the stock rises in the future, hope that wouldn't freeze our stocks and prevent us from selling on the floor?
cc: everybody

Vee, did they mention that they're delisting it? Cos me I didn't see where that was stated so far. When Ignite bought from Otedola, it was still trading on the exchange, nothing has changed except there'll be a future action but until then, calm your nerves, make we enjoy the small rally.
Filling the form is optional anyway.....but I think it's better to fill it, even if they don't buy, it's worth trying at least. Also, there's nothing like freezing once you sell to them, they collect your shares and pay you money, shikena!
BTW, have you received the form? Or did your broker send it to you?

DOLLARTEX:
http://www.nse.com.ng/Financial_NewsDocs/27902_WEMA_BANK_PLC._FINANCIAL_STATEMENTS_OCTOBER_2019.pdf

Good one.OS is the problem here.

Stocks with new 52 week lows
Ikeja hotels #1.07k
GSK #5.80k
Guinness #26.45k
Stock with new 52 week highs
Contisure #2.35k

locodemy:


Good one.OS is the problem here.

it look like annualized Eps

will check d numbers later

bigjay01:
I do not belive it is going anywhere in a hurry because tomorrow is the closing day, Why would anyone be very desperate to buy after tomorrow? Unless the men in black are plotting to take over?

Even though I don't know much about this take over of thing, just using DANGFLOUR to look at it.
I think tomorrow as the qualifying date does not mean you can't increase your stake in it, before submitting your offer form thereafter, but you must make sure your name appears in their register after tomorrow and before 25th Nov.........na my own I talk o I no know book.
It will be clearer if the offer document is circulated before close of biz Tomoro hopefully.

Mcy56:

Even though I don't know much about this take over of thing, just using DANGFLOUR to look at it.
I think tomorrow as the qualifying date does not mean you can't increase your stake in it, before submitting your offer form thereafter, but you must make sure your name appears in their register after tomorrow and before 25th Nov.........na my own I talk o I no know book.
It will be clearer if the offer document is circulated before close of biz Tomoro hopefully.

This one is different o
They are buying ALL in case of dangote
This one will be prorated that's why it has a qualifying date

Agbalowomeri:
By Monday, you are already qualified and you can sell your holding whenever and you will still get your 10 shares allotment Lol

Just seeing this. Can you explain better sir.

Mcy56:

Just seeing this. Can you explain better sir.

Ignore the 10 shares, just a joke; we don't know how it will be prorated
Qualification is tomorrow; after tomorrow, you can sell all and will still be entitled to your share of the loot
Reminds me of those good days when we sell after div qualification and move to the next and next and next Lol

Agbalowomeri:
Ignore the 10 shares, just a joke; we don't know how it will be prorated
Qualification is tomorrow; after tomorrow, you can sell all and will still be entitled to your share of the loot
Reminds me of those good days when we sell after div qualification and move to the next and next and next Lol

Agba, but there's a form to be filled stating the number of shares you want to offer up for sale. It must be stamped by your broker, your CSCS statement attached to it and to be submitted to Veritas registrar on/before Nov 25th.
Form submission starts from 4th Nov till 25th, reason I said someone may be able to increase his/her stake once qualified Tomoro.
Guess it's more than just selling it, once you sell, you're not entitled to the payment.....that's how I see it going by the letter they published on NSE.
Anyway, we see how it goes......but let anyone holding it get clarification first before selling on the floor.

Oga Rabbi, even those numbers would be defiled if the market keeps dropping. I keep my fingers crossed on tomorrow!

RabbiDoracle:


And where were you in August 2019 where the prices you see now are much higher than they were in August?

People bought FCMB (1.4+), Fidelity(1.4+), UBA(5.4+), Access (5.4+), Zenith (16), GTB (25+) then. And they are still on profit albeit little!

Mcy56:

Agba, but there's a form to be filled stating the number of shares you want to offer up for sale. It must be stamped by your broker, your CSCS statement attached to it and to be submitted to Veritas registrar on/before Nov 25th.
Form submission starts from 4th Nov till 25th, reason I said someone may be able to increase his/her stake once qualified Tomoro.
Guess it's more than just selling it, once you sell, you're not entitled to the payment.....that's how I see it going by the letter they published on NSE.
Anyway, we see how it goes......but let anyone holding it get clarification first before selling on the floor.

You can do a print of your statement on any day AFTER the qualification as evidence; and you don't even have to do this once you remember what you had on the day of qualification. The list they will use will be generated by end of tomorrow. And you can offer everything you have for sale as long as it is less than 500k the want to buy.

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Agbalowomeri:
You can do a print of your statement on any qday AFTER the qualification as evidence; and you don't even have to do this once you remember what you had on the day of qualification. The list they will use will be generated by end of tomorrow. And you can offer everything you have for sale as long as it is less than 500k the want to buy.

.....and sell anytime after qualification?
Okay. I'm still trying to understand it. Thks.

Mcy56:

.....and sell anytime after qualification?
Okay. I'm still trying to understand it. Thks.

Yes, sell and still get your entitlement. I have done this before severally

Agbalowomeri:


By Monday, you are already qualified and you can sell your holding whenever and you will still get your 10 shares allotment Lol

But I've not filled the form yet

Mcy56:

Vee, did they mention that they're delisting it? Cos me I didn't see where that was stated so far. When Ignite bought from Otedola, it was still trading on the exchange, nothing has changed except there'll be a future action but until then, calm your nerves, make we enjoy the small rally.
Filling the form is optional anyway.....but I think it's better to fill it, even if they don't buy, it's worth trying at least. Also, there's nothing like freezing once you sell to them, they collect your shares and pay you money, shikena!
BTW, have you received the form? Or did your broker send it to you?

Morgan sent it ...

Agbalowomeri:
Yes, sell and still get your entitlement. I have done this before severally

Okay thanks. We see how it goes.

veecovee:
Morgan sent it ...

I didn't see it, it's only the bulletin I saw. Called them and was told they'll fwd it tomorrow, God willing.

Agbalowomeri:


Yes, sell and still get your entitlement. I have done this before severally

So filling the form is of no need?

Mcy56:

I didn't see it, it's only the bulletin I saw. Called them and was told they'll fwd it tomorrow, God willing.

Yes, it's not there.

I called ogochukwu and requested for it.

I planed filling it tomorrow, but I don't understand Agba umunwanyi

veecovee:


So filling the form is of no need?

How dem go know say you get interest to sell?
So you go still fill

veecovee:
Yes, it's not there.
I called ogochukwu and requested for it.
I planed filling it tomorrow, but I don't understand Agba umunwanyi

Okay. Could it be that they're sending to only those interested and requested for the form? Will do a follow up call in the morning.
You have to fill and submit the form o, it's a criteria.

Agbalowomeri:


How dem go know say you get interest to sell?
So you go still fill

If I fill now and the price rises in future and I want sell the same filled quantity on the floor, hope them no go say you don fill the form already

veecovee:


If I fill now and the price rises in future and I want sell the same filled quantity on the floor, hope them no go say you don fill the form already

Sorry o, I am just getting your concerns now
Because you are not sure how much they will want to buy from you

Hmmmmm

Agbalowomeri:


Sorry o, I am just getting your concerns now
Because you are not sure how much they will want to buy from you

Hmmmmm

Maybe I need glucose or sleep

@Mcy

I agree there is reason to be concerned
This is a strange one

longlife20:
http://www.nse.com.ng/Financial_NewsDocs/27903_C_AND_I_LEASING_PLC_-Q3_FINANCIAL_STATEMENTS_OCTOBER_2019.pdf

Are these people still trying to raise funds?

omoaulabi bank?audio?