Heishere:


Has anybody received Axamasard bonus?

Not sure anyone has received the bonus

The hands moving Airtel are continuing with the magic. If you know, you know

BrokerHaruna:
Airtel may likely hit 1000 naira in the short-term (NSE Magic)!

OBAGADAFFI:


Share reconstruction. 4 to 1

If you have 1000units, you will get 250units after reconstruction.
1000/4= 250

Now,
The nominal price will be N2 instead of 0.50k

Calculate your risk.

1000 x N1(current price)= 1000

250 x N2(new price)= N500

When is the reconstruction?

rebekah2011:
I understand what you mean now. In addition, the new price will now be 4 times the old price. Every other thing is correct as you have stated them.

You got the deal

I don’t know who cares to hear this.
Oil has started falling.
Europe is technically closing it’s borders again.
The market will react.
Trade with caution.

dinyelutochukwu:
I don’t know who cares to hear this.
Oil has started falling.
Europe is technically closing it’s borders again.
The market will react.
Trade with caution.

Seems PETERICY has got another moniker

Yes Sir.

OBAGADAFFI:


Are you implying the Market price will be automatically multiplied by four after reconstruction?

I know the nominal price will be multiplied by four, from 0.50k to N2.

Well, I hope your prediction is correct, it is good news for us all.

Abeg those guys that released the remaining MANSARD for me this morning... Thanks oooooo

megawealth01:
Seems PETERICY has got another moniker

See the deceptive nature of these guyz. Everyone mentioning caution and awareness of factual negative trends is bad and a moniker of The Great Octopus. Yet those blindly leading others to risk hard earned capital in a bearish market and preaching limitless Bull are the good guyz.

Have you guyz no decency
The truth is some see bull and some see bear all are welcome to state with facts and all must do due diligence.
Everything else spawns from deception.
Stop the stigmatization
Happy Holidays folks

megawealth01:
Abeg those guys that released the remaining MANSARD for me this morning... Thanks oooooo

You should have wait for market to close before the thanks. As investors we should always be close to both local and international news, to help our business. The news around the world currently didn't favour the market.

The great Octopus predicted the coming of the bears from today, Dec 21. Currently the banks are showing RED and still the bears have not launched their fangs. Banks are being dumped like hot potatoes!

moneymanager:


See the deceptive nature of these guyz. Everyone mentioning caution and awareness of factual negative trends is bad and a moniker of The Great Octopus. Yet those blindly leading others to risk hard earned capital in a bearish market and preaching limitless Bull are the good guyz.

Have you guyz no decency
The truth is some see bull and some see bear all are welcome to state with facts and all must do due diligence.
Everything else spurns from deception.
Stop the stigmatization
Happy Holidays folks

How some folks spin logical arguments from being an avenue to exchange rational ideas into hyper-emotional dogfights where absolutely nothing is learned baffles me to no end.
They are still the ones who wonder why people with valuable contributions sparingly visit the forum.
Like MLK said,Nothing in the world is more dangerous than sincere ignorance and conscientious stupidity.

They will not listen. Any discerning person knows that there's going to be fire in katanga. Covid 2nd wave, lockdowns in many countries, new wicked Covid strain in UK, Shut off of economy by other countries, flights to UK are being cancelled all over the world, falling oil prices, sleeping Nigerian leadership, etc. The signs are scare and the bears will surely have a field season!

dinyelutochukwu:
I don’t know who cares to hear this.
Oil has started falling.
Europe is technically closing it’s borders again.
The market will react.
Trade with caution.

longlife20:


The share closed yesterday with N2.20.
so multiple 7 by the closing price 2.20 it will be N15.4.
for every 7 shares you get additional 17shares making 24shares.
when you divide N15.40k by the new alloted shares 24, it will give 64k.
(15.4/24=.64k) this is how they arrived at 64k. this is the first leg of the reconstruction.

if you bought at N2.20, at that price 7 shares worth N15.4.
after the first leg of the reconstruction, you had 24shares at 64k each.
At today prices N1.01, the 24shares worth N24.24.
that is 57.40% gain from N2.20
the second leg of the reconstruction is in the ratio of 4:1, that is 4shares will be merge into 1share.
so divide the 24shares by 4 will give you 6shares.
what will be the price of the share after the second leg, assuming the final price was today price N1.01, it will be 24.24/6 = N4.04.

Nigerians have a way of burying their heads in the sand. Every rational folks should know that the 2nd wave Covid, the discovery of new more dangerous Covid strain in Uk, the new lockdowns, etc will lead to a fall in oil prices which will deplete our forex, further weaken our recession deep economy at a time CBN has lost focus and usher in vicious bears in NSE. Enough is enough!

I have been loading WAPIC and CHAMS for the past two weeks at my own defined good price... I am now fully loaded in MANSARD, CHAMS and WAPIC... I hope for the best... Please don't preach to me ooooo... Na better GAMBLE to me

megawealth01:
I have been loading WAPIC and CHAMS for the past two weeks at my own defined good price... I am now fully loaded in MANSARD, CHAMS and WAPIC... I hope for the best... Please don't preach to me ooooo... Na better GAMBLE to me

Penny stocks are the best.... you are a wise person....

Justcul:
When we tell people here to buy DangCement.. they wont listen.. Alhaji stocks no dey carry last

We said it here

Does investors gain anything extra apart from the stock value, when a company is buying back their shares?
Why was there so much bid without offer on dangcem early this morning?

moneymanager:


See the deceptive nature of these guyz. Everyone mentioning caution and awareness of factual negative trends is bad and a moniker of The Great Octopus. Yet those blindly leading others to risk hard earned capital in a bearish market and preaching limitless Bull are the good guyz.

Have you guyz no decency
The truth is some see bull and some see bear all are welcome to state with facts and all must do due diligence.
Everything else spurns from deception.
Stop the stigmatization
Happy Holidays folks

What an ironical amazement

Jochez15:
Does investors gain anything extra apart from the stock value, when a company is buying back their shares?
Why was there so much bid without offer on dangcem early this morning?

after the buy back, the total number of units available will be less by 10%. This means they will be dividing the dividend amount by less units of shares. Dividend will be more. Also, as you must have witnessed today, price will also jump as the forces of demand and supply will set in. Less people interested in selling and so buyers tempting sellers with higher price.

Its very important to be very careful at this time, else one's fingers will be burnt as we expect similar trend tomorrow

Jochez15:
Does investors gain anything extra apart from the stock value, when a company is buying back their shares?
Why was there so much bid without offer on dangcem early this morning?

Yes, if all things remain equal, investors will gain in the event of a share buyback. First, it reduces the number of outstanding shares thereby pushing up the investors stake in the company. Since the number of outstanding shares are reduced, it means that the earnings per share will increase which may mean increases return dividend) to shareholders.

At the close of market today, Zenith, Access, Fbnh, uba, eti, gtb etc lost. Let's watch out for tomorrow

BrokerHaruna:
At the close of market today, Zenith, Access, Fbnh, uba, eti, gtb etc lost. Let's watch out for tomorrow

Oga, at this point you are doing too much.

klas:
Dangote share buy-back begins

whats does this mean and whats the implication?

I just asked my stock broker to sell some of my shares but he is asking me to provide under listed detail to be link with my cscs account before he can sell. Please, any view on this as this is totally strange to me.
'Kindly provide
BVN
Bank details
Mothers maiden name
State of origin
DOB


Thanks'

https://nairametrics.com/2020/12/21/pencom-ratifies-sale-of-axa-mansard-pension-limited/

The deal involves AXA Mansard Insurance Plc giving up its entire issued ordinary share capital comprising of 60% shareholding (2,067,672,000 shares) and 40% stake held by minority shareholder, translating to 1,378,4448,000 shares.

fidtopade:
I just asked my stock broker to sell some of my shares but he is asking me to provide under listed detail to be link with my cscs account before he can sell. Please, any view on this as this is totally strange to me.
'Kindly provide
BVN
Bank details
Mothers maiden name
State of origin
DOB


Thanks'

Your Broker should give you online portal for trading.

The your broker is analog, provide the name of your broker let's check with NSE if it is still active.

Kapital Care and Security

OBAGADAFFI:


Your Broker should give you online portal for trading.

The your broker is analog, provide the name of your broker let's check with NSE if it is still active.

fidtopade:
Kapital Care and Security

Your Broker is active and also have an Online portal for trading.

Provide the information they requested.

Also request for your login detail for the portal.

http://www.nse.com.ng/dealing-members/find-a-dealing-member/dealing-member-directory

https://www.kapitalcaretrust.com/

OBAGADAFFI:


Your Broker should give you online portal for trading.

The your broker is analog, provide the name of your broker let's check with NSE if it is still active.

Based on the directives from SEC, it is obvious he has not supplied those information which will be included in his data with CSCS

emmanuelewumi:



Based on the directives from SEC, it is obvious he has not supplied those information which will be included in his data with CSCS

Yes KYC update , they should also give him access to the online portal, instead of sending instructions via email.