Wale L

If you had fresh cash to deploy today, what’s the one stock you’d buy?

Price discovery about to get better on Ngx. “Stocks trading at N1,000 and above will require a minimum of 10,000 shares to be traded before a price movement can occur. Stocks trading at N500 and below N1,000 will require a minimum of 50,000 shares to trigger a price change. Stocks trading at below N500 will require a minimum of 100,000 shares to move the market price.” Nairametrics.

Satchetized Dangote Refinery Private Placement offer a friend sent to me. Please verify before you invest your money. I don't know which firm is offering this. DYDD!

While we patiently wait for Aradel's audited numbers, the valuation of the coy will depend on whether they consolidate Renaissance's numbers or if they adopt a simple accounting approach. Ordinarily, the method used shouldn't matter. Here is what I mean...

Sterling bank is looking to raise 400m dollars 🙂🙂. They have agreed to collapse their current outstanding shares to a tenth of its current number. From 68.5B shares to 6.85B shares, and hence destroy 61.6B shares from the market, so for every 10 you hold they would fuse it into 1 for you. This means that sterling share price would move from 7.8 naira per share to 78 naira per share once they have regulatory approval from the stock market. In a case of where part of the 400m dollars would be raised by private placement, right issue or public offer, they are now allowed to issue new shares to the public. Interesting times ahead 🙂🙂🙂