NewStats: 3,259,830 , 8,170,944 topics. Date: Monday, 26 May 2025 at 05:25 AM 4o5y12

KarlTom:
As previously discussed, these deals were not disclosed on the Corporate Disclosure Board...

But why?
Maybe at a later date

Edited:
Just checked, it was disclosed on the board yesterday.
Maybe I don't understand your statement.

chimex38:

Just after forecasting impact of geographic location of refinery.

New Refinery in Gombe
https://punchng.com/fg-approves-licence-for-27000-barrels-refinery/

A refinery in Gombe how do they want to transport crude oil to Gombe? Tankers, air or what? Or can they afford to lay pipelines from the niger delta to Gombe?
They think Dangote and BUA (kano born billionaires) no know why them site their refineries in Lagos and Portharcourt respectively?

Raider76:
https://www.farooqkperogi.com/2024/11/is-port-harcourt-refinery-new-nigeria.html?m=1

Nawa Oo.
All these write-ups on the refinery..

I will at best take it as they are at the same stage DR was when former president PMB quickly commissioned it just before leaving.

So PH-R has to be ready just before December holidays to have sth to celebrate before the end of the budget cycle.

things will unfold later on.
Make we give Kyari's NNPC benefit of the doubt.

Mpeace:
A refinery in Gombe how do they want to transport crude oil to Gombe? Tankers, air or what? Or can they afford to lay pipelines from the niger delta to Gombe?
They think Dangote and BUA (kano born billionaires) no know why them site their refineries in Lagos and Portharcourt respectively?

Lol.. @air

Ur concerns are legit.
But I think the Magic has to start from Kaduna-R then connect to Gombe via just Bauchi.

Also crude has been discovered in Bauchi.
Just maybe, they are forecasting by the time the refinery comes on stream in few years time, things will be in place.

Ding !!!

The large cross deals on HMCAL continue. What's happening?

SEPLAT down by 10%

It's back up already. That was fast

I honestly don't get why people are buying bank shares today sha. Yes, the lending rate has increased due to CBN, so their interest margin is up. But the only likely direction of lending rates over the medium term is down, not up. After all, all these banks have all this cash chasing limited high-quality lending and investment opportunities, and the easy FX round-tripping is no longer an attractive option.

Meanwhile, the number of shares outstanding has gone up dramatically following the recapitalization. Earnings per share (EPS) and dividend per share will down big time, making their shares ridiculously expensive on a price-to-earnings (or price to dividends) basis. What am I missing?

designking:
The Managing Director and Chief Executive Officer of Fidelity Bank Plc, Nneka Onyeali-Ikpe, has increased her stake in the bank by acquiring an additional 10 million shares, valued at N157.9m.

The shares were purchased in two separate transactions between November 26 and 27, at an average price of N15.79 per share. Onyeali-Ikpe acquired 6 million units at N15.95 per share and an additional 4 million units at N15.55 per share.

This move follows a previous acquisition where she bought 15 million shares in Fidelity Bank between November 21 and 22, 2024, valued at N239.4m. The latest purchase, which forms part of an insider trading notification, was disclosed in accordance with the Nigeria Exchange Limited’s regulatory requirements for share dealings by directors of listed companies.

KarlTom:
Sugar and Salt

are you sure?

1.5m units transacted, I can still see another 100k single offer on board, what could be going on there.

Xidget:
SEPLAT down by 10%

It's back up already. That was fast

When the CEO of a bank buys shares of their bank, they are most likely looking long term. But even for short-term, there are some banks, such as FBN, that may have a good chance for capital appreciation after their RI.

HesInMe:
I honestly don't get why people are buying bank shares today sha. Yes, the lending rate has increased due to CBN, so their interest margin is up. But the only likely direction of lending rates over the medium term is down, not up. After all, all these banks have all this cash chasing limited high-quality lending and investment opportunities, and the easy FX round-tripping is no longer an attractive option.

Meanwhile, the number of shares outstanding has gone up dramatically following the recapitalization. Earnings per share (EPS) and dividend per share will down big time, making their shares ridiculously expensive on a price-to-earnings (or price to dividends) basis. What am I missing?

They are still ridiculously cheap compared to their valuations

HesInMe:
I honestly don't get why people are buying bank shares today sha. Yes, the lending rate has increased due to CBN, so their interest margin is up. But the only likely direction of lending rates over the medium term is down, not up. After all, all these banks have all this cash chasing limited high-quality lending and investment opportunities, and the easy FX round-tripping is no longer an attractive option.

Meanwhile, the number of shares outstanding has gone up dramatically following the recapitalization. Earnings per share (EPS) and dividend per share will down big time, making their shares ridiculously expensive on a price-to-earnings (or price to dividends) basis. What am I missing?

SAK:
are you sure?

Any rumors from that corner?

HesInMe:
I honestly don't get why people are buying bank shares today sha. Yes, the lending rate has increased due to CBN, so their interest margin is up. But the only likely direction of lending rates over the medium term is down, not up. After all, all these banks have all this cash chasing limited high-quality lending and investment opportunities, and the easy FX round-tripping is no longer an attractive option.

Meanwhile, the number of shares outstanding has gone up dramatically following the recapitalization. Earnings per share (EPS) and dividend per share will down big time, making their shares ridiculously expensive on a price-to-earnings (or price to dividends) basis. What am I missing?

2025 will be interesting 😂

Agbalowomeri:


2025 will be interesting 😂

Negative or positive?

I think there is a news relating to this, still doing DD and awaiting more: https://nairametrics.com/2024/09/19/pz-cussons-progress-with-plans-to-sell-its-african-business-after-receiving-expressions-of-interest/?amp=1

NB: I own no units yet. DYOR/ not a buy or financial advice

Chams
Vendor not interested at bids below #2.
Keep bidding below #2.
If he is desperate to sell,he will sell the remaining below #2 and that will be a grave robber deal opportunity for us.

Raider76:
When the CEO of a bank buys shares of their bank, they are most likely looking long term. But even for short-term, there are some banks, such as FBN, that may have a good chance for capital appreciation after their RI.

We are waiting for the bullion van at FBNH at market open. What’s holding it back. Abeg make the major buyer resume

Neimeth
The man bidding 2.5m units at 2.18,
Who do you think is ready to release such for you to acquire for free.
Neimeth that will soon sell above #3.
You better remove limit and put market price and all the available offers before smart ones that has eyes will do the needful

Xidget:
SEPLAT down by 10%

It's back up already. That was fast

its not back up oh. We are down more than atleast 300 naira, and over 7billion naira traded so far. On full offer at the moment. Chai.

BabsO2:


We are waiting for the bullion van at FBNH at market open. What’s holding it back. Abeg make the major buyer resume

Sunrisepebble:
I think there is a news relating to this, still doing DD and awaiting more: https://nairametrics.com/2024/09/19/pz-cussons-progress-with-plans-to-sell-its-african-business-after-receiving-expressions-of-interest/?amp=1

NB: I own no units yet. DYOR/ not a buy or financial advice

Yes but it was rejected by shareholders

Maybe they will have their way this time around no one can tell

Xmas
Those on Loco stocks now have some money to buy chicken,goats,rams,rice for Xmas.
Travel home safely and enjoy your lots in peace.

We keep watching the market for a new BUY signal either mid or late December.

I know about that, referring to something brewing presently . Not sure what it is yet

megawealth01:


Yes but it was rejected by shareholders

Maybe they will have their way this time around no one can tell

What is brewing in Buacem

The United Bank of Nigeria (UBA) says it has signed a business cooperation deal with the French government to commence full banking operations in .

The bank, in a statement, said Tony Elumelu, chairman of UBA Group, signed the deal with Antoine Armand, the French finance minister.

According to the statement, as part of President Bola Tinubu’s state visit to , Elumelu signed the agreement in the presence of the Nigerian president and French President Emmanuel Macron.

The statement noted that “the agreement is a significant indication of by the French Government for the development of UBA’s full banking operations in ”.

Speaking at the g ceremony, Elumelu said the partnership reinforces UBA’s commitment to providing seamless international banking services for its customers – “not just across the 11 Francophone African countries it serves, but throughout Africa; and French and European customers transacting with Africa”.

“Expanding into is a natural progression, with Paris serving as our European Union hub, as we continue to bring Africa and the world together, through innovative financial solutions. Paris will London, New York and Dubai, as a critical component of our unique global network,” he said.

UBA operates in 20 African countries and the United Kingdom (UK), the United States of America (USA), , and the United Arab Emirates, providing retail, commercial and institutional banking services.

The person bidding chams at #2 you are supplying food to that vendor.
He has laid ambush waiting for preys.

Bid below #2 for now.He will panic sell

Lol.. I am ing my ARADEL money to bid for CHAMS at 1.80.

bastardson:
Lol.. I am ing my ARADEL money to bid for CHAMS at 1.80.

Keep bidding low.
We still have funds to do Xmas extravagantly.
Don't bid any stock high now.
Preservation and good entry is the Koko.

Agbalowomeri:


2025 will be interesting 😂

Please, are we looking at any specific period in 2025?

UBA gang gather here
https://www.thecable.ng/uba-to-commence-full-banking-operations-in-/

Locotrader:


Keep bidding low.
We still have funds to do Xmas extravagantly.
Don't bid any stock high now.
Preservation and good entry is the Koko.

Bidded 491,500 at 1.80