Breaking News - Morison Industries Plc

[Apache]

Hi Guys,

Do you know that some new investors are putting finishing touches to acquire 60% stake in Morison Industries plc.
the name of the new investors are SARO. they are the guys that bought the household division of CAP Plc.
this is confirmed gist.
what you intend to do with this information is your decision

[c kenneths]

@ Apache, I like recieving news from the grapevine, and I understand the potential of such info to increase an investors wealth when you take positions before the 'crowd'

But be warned that such info has been used time and time again to pump up the price of some stocks, and when gullible investors have taken position, the bearers of such info will quickly march in and sell all their holdings, leaving innocent investors to carry the can.

So untill such info is confirmed, I am always slow to act in such matters.

[Apache]

Hi C Kenneth,
I feel you but you can be rest assured that this is confirmed. This came from a senior person in SARO Agrochemicals. He also told me that they were buying the household unit of CAP plc and a month later, i read about it in Business Day.
So i don't see why this should be different.
I just felt that this is basically an information sharing forum, you guys should know

[babatunde akinyemi]

Originally Posted by Apache

Hi Guys,

Do you know that some new investors are putting finishing touches to acquire 60% stake in Morison Industries plc.
the name of the new investors are SARO. they are the guys that bought the household division of CAP Plc.
this is confirmed gist.
what you intend to do with this information is your decision

Dear Apache,

My stockbroker has been unable to buy Morison Industries shares since I gave him order to buy last Monday. Have you bought some recently or are you aware that the stock is available. From your own research do you intend to take position in the stock at all?. I want to but it under my very high risk investment portfolio.

Do you consider the stock to be liquid having regards to the little number of deals?

From what sources can one get information to do fundamental analysis on the company. What does it produce?

What do you know about the core investor?

Sorry about many questions.

[c kenneths]

That is the problem with small cap stocks, I have suffered the same fate at NGC, not enough shares for all that wants to buy.

Maybe they will do well to give us stock splits for the qty to be available.

[Apache]

Sincerely, i had placed orders with Zenith Securities as at when it was at 80 kobo and has not been able to get the required volumes because the stock is illiquid. i guess that by the time the deal is concluded, they might structure it the same way NASCON was structured.
as regards the investors SARO Agrochemicals, don;t really know much about them even though i have heard the name from time to time

[Apache]

Was wondering if anyone cashed in on this info. This was actually my first post when i joined this forum

[Babs_O]

Apache, I can see you have a lot of hot info. Not surprised this was your first. Though most couldn't take advantage due to the small volumes available.

[awudoin]

i read an article on businessday newspaper about revamping aba textile. it was also stated in the papers that the company has been sold to some asian investors. i just want anybodys' candid opinion on the purchase of the shares of this company. would be really appreciated.
here is the link to the news on businessday:BusinessDay... the voice of business - A shot to revive Aba Textile Mills

[wonder]

Originally Posted by awudoin

i read an article on businessday newspaper about revamping aba textile. it was also stated in the papers that the company has been sold to some asian investors. i just want anybodys' candid opinion on the purchase of the shares of this company. would be really appreciated.
here is the link to the news on businessday:BusinessDay... the voice of business - A shot to revive Aba Textile Mills

B4 rain falls,watervapour must gather as gas form in d cloud's.Then d clouds being heavy,shows d sign by strong wind accompanied with a dark blue cloud.Den,d rain empty themselves on d earth!This is a stock i've nt seen it's earnings,so it means there has not been sales for, earning's go with sales!Don't b t quick to forget d closed down of 1 of its like,UNTL[United Nigeria Textiles Ltd].There is no sign of gud prospects yet so,leave it!Cheers guy!

[polosco]

may be this is a manipulation to have access to the Billions of Naira being awaited from the FG.