meine:
Did he put a gun to your head to buy the stock or not to buy? Why didnt you do your own due diligence? What of correct predictions hw has made in the past? To slap people like you just dey hungry me.

Mcy56:

Lol. I just gentle ni.
The range is relatively stable and it's a bit better cos there are records of quite a number of greens; no panic or massive dumping.

Lance, did you see Zenith? Still closed a bit higher (15.50) despite the ranging and offers.....na so e go waka slowly reach 16 and keep moving, barring any unforeseen situation again.

sellydion:
I have learnt not to follow any news that is not backed with figures, I am contented with miss oppourtunities. than tell stories that touch the heart.

talk2me2:
Oga you can no longer mislead me the way you did during the Cement company merger that produce the BUA Cement. Because I listened to you that was why I missed out on the deal that would have given me about 100% of my investment.

I wonder what you stand to gain by miss directing people that took you as there mentor.

BrokerHaruna:


UAC was actually on it's way to 1 naira when they suddenly came up with the dubious hype of unbundling and restructuring. This company reminds one of Oando.

ukay2:



I bought UACN at N7, waiting to have long time and enjoy unbundling

After they released result in January 2019, I quickly sold it at N9, because the figures and unbundling were not convincing to me.

I just japaa, without looking back.

I may look into them after the unbundling with improved profits for at least 2 consistent quaters

talk2me2:
Oga you can no longer mislead me the way you did during the Cement company merger that produce the BUA Cement. Because I listened to you that was why I missed out on the deal that would have given me about 100% of my investment.

I wonder what you stand to gain by miss directing people that took you as there mentor.

talk2me2:
Oga you can no longer mislead me the way you did during the Cement company merger that produce the BUA Cement. Because I listened to you that was why I missed out on the deal that would have given me about 100% of my investment.

I wonder what you stand to gain by miss directing people that took you as there mentor.

talk2me2:
Oga you can no longer mislead me the way you did during the Cement company merger that produce the BUA Cement. Because I listened to you that was why I missed out on the deal that would have given me about 100% of my investment.
I wonder what you stand to gain by miss directing people that took you as there mentor.

Mcy56:

Analysis paralysis
Na joke o.
Me I don secure Afolabi units for ccnn, make we see how e go go.

MssRose:
Well, I think some people are on a deliberate mission to shut valuable contributors up so as the achieve their personal interests. It is well.

talk2me2:
Oga you can no longer mislead me the way you did during the Cement company merger that produce the BUA Cement. Because I listened to you that was why I missed out on the deal that would have given me about 100% of my investment.

I wonder what you stand to gain by miss directing people that took you as there mentor.

Biafran4life:
I think I agree with you here.They keep creating different moniker for thr evil plans.I just wish thr is a way to identify multiple individual in this thread.

RichEstate:
For example, if I purchased 1000 units of a stock @10. Then the price dropped to #8. Like how many units do I need to buy more to benefit from the law of averaging?

2. If bought @10 and now price moved to #12. Is it advisable to add to such stock? Will the law of average still apply? And like how many units is to be bought more?.

Mcy56:

1. The first question is called averaging down.
* Go to page 5380, search for a post from jejebabaa with one small table.

* Page 3837, a post from fxuser ...... Breakeven wahala with percentage table.....do some calculations and come up with some figures on 1000units.

*Someone actually gave a comprehensive breakdown in figures but cant lay hands on it now. Anyone with such table should pls share again.

2. Second question is called averaging up. U can add to the stock when price is going up depending on the vital or insider info at your disposal.
Maths teachers should assist with calculations here.

Jejebabaa:
Hmmmmmmmn, it's well.
% needed to breakeven from a loss. I cant remember the book I made the screenshot from, else I would have reference the source.

emmanuelewumi:
People make big money buying fake products and selling same at inflated prices through packaging and advertisement, the problem is with the continuity and sustainability of that type of money

talk2me2:
Oga you can no longer mislead me the way you did during the Cement company merger that produce the BUA Cement. Because I listened to you that was why I missed out on the deal that would have given me about 100% of my investment.

I wonder what you stand to gain by miss directing people that took you as there mentor.

maishai:
Let us never forget that The market is just a place where we rate management for their actions, not just corporate management but The country's management............ That's why when I see bargains I dive in fully red blooded and hope for the best......
In recent past,tiger brands/Dangote flour sold as low as 0.80k, but on the announcement of The buy back by Dangote, it ranged #2 to #4, finally Olam acquired Dangotr flour for #23+, No body in his right mind would but Dangote Flour for #20 going by the numbers they churn out during the period ............when Pz sold Ribena to sunti they gave a special dividend of #7, Forte oil sold to Ardova for #60+,Wigwe compensated Diamond holders very well, Calcre cleared Wapcos debt books by buying in @ #44............I as a retail investor can only see thus far, I just pray that being the grass under which two big elephant are fighting, that as they fight they can as well poop very well on me for my nourishment

sellydion:
The question is, who will sell MTN at .20K and buy UPDCREIT at N10

talk2me2:
Oga you can no longer mislead me the way you did during the Cement company merger that produce the BUA Cement. Because I listened to you that was why I missed out on the deal that would have given me about 100% of my investment.

I wonder what you stand to gain by miss directing people that took you as there mentor.

talk2me2:
Guy I from the very moment I saw this your post I quickly moved into research about UACN. Here are my findings:

UACN has 2,881,296,580 ordinary shares of 50k each.
UPDC has 18.462billion ordinary shares of 50k each after the right issue.
Accordig to reuters.com UACN now own 93.9% or 17.34 billion shares of UPDC. When UACN unbundles UPDC, the 17.34B shares will be alloted pro rata to the shareholders of uacn i.e 17.34b ÷ 2.88b = 6 shares of updc for 1 share of uacn held.

In addition, UPDCREIT has 2,668,269,500 units of N10 each.
UPDC own 61.5 % or 1,640,985,742 units of UPDCREIT.
And uacn own 93.9% or 1,540,885,611 units of updcreit.
the pro rata means 1.54b ÷ 2.88b = 0.53 unit for 1 share of uacn held. Now let's multiply 0.53 by 2 = 1.06 or 1 unit of updcreit for ever 2 shares of uacn.

SUMMARY
THEREFORE, FOR EVERY TWO SHARES OF UACN THAT SHAREHOLDER HAD THEY WILL RECEIVE ONE UNIT OF 10 NAIRA EACH OF UPDCREIT AND TWELVE SHARES OF UPDC AS BONUS SHARES.

OGA YOUR HEAD IS CORRECT.

I have already made UACN the 65 % of my portfolio, hoping to add more before the unbundlings finally take place in July.

We are making alot of money this year.

Mcy56:


I searched for my reply to Oga Rebekah on 4th Dec 2019 so I can make reference to it concerning this bua cement. See it below:


Your bad feelings was understandable considering the huge gain Nsempas missed out on ccnn/bua cement merger. As for me I was determined to take risk and make ccnn 100% of my portfolio that time but I was busy doing jijo first, and it turned out that they suddenly placed restriction on the share sale, it turned out that the small units in my portfolio was showing over 150% gain, it could be painful.......but pls let it go, what if it had gone the other way round and it happened that Pa Emma was able to save us huge loss? Also note that he also missed out of the goodies, which made his view not a misled afterall.

Seems many people here did not see the gain coming. I saw it, was confused with the comments but ready to take the risk and responsibility for the action however it comes out to be.

In essence, I'm saying few people including me, spoke in favour of the merger, some took the risk and some did not.
In confused situation, I think 50-50 should be applied depending on your due diligence and you must be ready to take responsibility for your actions too. Lets not discourage those who are helpful on this thread from sharing their views. No vex.