@9free & co

SMN is back today 19th of Jan 2017

currentprice:
@9free & co

SMN is back today 19th of Jan 2017

How sure are we that Oga Seun is not about to sell or has sold SMN?
Just thinking aloud......

NuttyChoky:


It is normal Udeme oh

is like you are traying to cover up? can you buy all the offer only you?

currentprice:
@9free & co

SMN is back today 19th of Jan 2017

What is the currenttopic now in SMN? .

currentprice:
@9free & co

SMN is back today 19th of Jan 2017

Oga, are you Duduspace?

Difficult to say, that shutdown or takedown is not an indirect attack on Oga Duduspace.

UACN Property Development Company Plc Proposed Rights Issue Dealing Members are hereby notified that UACN Property Development Company Plc (UPDC or the company has through its Stockbroker; Stanbic IBTC Stockbrokers Limited, submitted an application to The Exchange for approval and listing of a Rights Issue of 1,718,750,000 Ordinary Shares of 50 Kobo each at N3.00 per share on the basis of 1 new ordinary share for every 1 ordinary share held. The Qualification Date for the Rights Issue is today, Thursday 19 January 2017

Intendy:
UACN Property Development Company Plc Proposed Rights Issue Dealing Members are hereby notified that UACN Property Development Company Plc (UPDC or the company has through its Stockbroker; Stanbic IBTC Stockbrokers Limited, submitted an application to The Exchange for approval and listing of a Rights Issue of 1,718,750,000 Ordinary Shares of 50 Kobo each at N3.00 per share on the basis of 1 new ordinary share for every 1 ordinary share held. The Qualification Date for the Rights Issue is today, Thursday 19 January 2017

Please help me explain what this right issue means as a layman ....thanks

Tommorrow is another bearish day...........see you guys on monday.

PETERiCHY:

Now back to business, for the past few weeks Trump and his fellow capitalists were busy heating up the America MARKET.

After his inauguration 2moro, the reality will set in and the spillover will have a negative effect on all the global MARKET for the next few weeks.

So bargain Hunters should sharpen their cutlasses between 2moro and 2nd week of Febuary i foresee some GOOD BARGAINS.

*ThE OcToPuS*

Trump victory bull did not reach our market, why should the post inauguration bear, real or imagined?
In any case, we already have a stronger bear on duty here.

Wait for Diamond bank at 1.00 tomorrow and watch it going up from monday........Best JIJO stock of the week.

zendi:


Trump's victory bull did not reach our market, why should his post inauguration bear, real or imagined?
In any case, we already have a stronger bear on duty here.

we have osama bin laden in America,
Boko haram in the North east
millitants in the Niger delta
Ipob/Biafra in the East
peterichy in NSEMPA(NAIRALAND)

Oga zendi how you dey?

locodemy:
Wait for Diamond bank at 1.00 tomorrow and watch it going up from monday........Best JIJO stock of the week.

What of fcmb?

ihedioramma:
What of fcmb?

it will hang around 1.25-1.30........solid rock

locodemy:


we have osama bin laden in America,
Boko haram in the North east
millitants in the Niger delta
Ipob/Biafra in the East
peterichy in NSEMPA(NAIRALAND)

Oga zendi how you dey?

Loco i dey oo dey hail.

There is jijo money to be made this results season.

@PaulWallace123
South Africa's biggest bank, #FirstRand, tells @business it's considering buying a mid-sized lender in #Nigeria. @TheTerminal @KatiaPorzo

https://twitter.com/PaulWallace123/status/822114401910136832

Prince081:
@PaulWallace123
South Africa's biggest bank, #FirstRand, tells @business it's considering buying a mid-sized lender in #Nigeria. @TheTerminal @KatiaPorzo

https://twitter.com/PaulWallace123/status/822114401910136832

How many times have we heard this from First Rand Bank? They should have bought Sterling bank since but their Ijebu too much!

Anyway I will be looking at Heritage bank for theem now...cos those ones are really really distressed...

Intendy:
UACN Property Development Company Plc Proposed Rights Issue Dealing Members are hereby notified that UACN Property Development Company Plc (UPDC or the company has through its Stockbroker; Stanbic IBTC Stockbrokers Limited, submitted an application to The Exchange for approval and listing of a Rights Issue of 1,718,750,000 Ordinary Shares of 50 Kobo each at N3.00 per share on the basis of 1 new ordinary share for every 1 ordinary share held. The Qualification Date for the Rights Issue is today, Thursday 19 January 2017

UPDC is currently selling at N2.75 on floor, how did they arrive at N3 .

I thought right issues is supposed to be cheaper .

locodemy:


it will hang around 1.25-1.30........solid rock

The loco, and start to go up? . did you letter enter eterna oil? what of uacn property and vita form?.

OBAGADAFFI:


UPDC is currently selling at N2.75 on floor, how did they arrive at N3 .
I thought right issues is supposed to be cheaper .

The offer end now? forget that .

OBAGADAFFI:



UPDC is currently selling at N2.75 on floor, how did they arrive at N3 .

I thought right issues is supposed to be cheaper .

They don't have sense

NuttyChoky:


They don't have sense

They thought we are stupid

ihedioramma:
The offer end now? forget that .

You still don't get it.

The offer is useless, hence we can buy the same stock cheaper on the floor .

OBAGADAFFI:


You still don't get it.

The offer is useless, hence we can buy the same stock cheaper on the floor .

Truth .

feelamong:



How many times have we heard this from First Rand Bank? They should have bought Sterling bank since but their Ijebu too much!

Anyway I will be looking at Heritage bank for theem now...cos those ones are really really distressed...

They have been "considering" since 1980!

I won't take First Rand serious until they make a purchase...

OBAGADAFFI:



UPDC is currently selling at N2.75 on floor, how did they arrive at N3 .

I thought right issues is supposed to be cheaper .

It's just an opportunity for the majority shareholder of UAC to buy more at a cheap price since they bought @ a high price before.
But investors can still wait.

OBAGADAFFI:


UPDC is currently selling at N2.75 on floor, how did they arrive at N3 .

I thought right issues is supposed to be cheaper .

Two (2) things are involved:

1. The MM might move up the price above the Rights offer price very soon or before the closure of the offering.

2. UPDC might just start a rally after the closure based on it's seemingly lliquid nature and therefore easily "manipulated". Also considering most of it's shareholders bought at c.10NGN and need to average down cheaply.

With Stanbic being the Lead broker, they might have underwritten about 50% or above of the offering and would therefore do "their magic" on the stock.


It's a Green Light from my end, but DD always!

davide470:
Two (2) things are involved:

1. The MM might move up the price above the Rights offer price very soon or before the closure of the offering.

2. UPDC might just start a rally after the closure based on it's seemingly lliquid nature and therefore easily "manipulated". Also considering most of it's shareholders bought at c.10NGN and need to average down cheaply.

With Stanbic being the Lead broker, they might have underwritten about 50% or above of the offering and would therefore do "their magic" on the stock.


It's a Green Light from my end, but DD always!

SIR locodemy . brother ontop how good are they and what is there business? .

Intendy:


It's just an opportunity for the majority shareholder of UAC to buy more at a cheap price since they bought @ a high price before.
But investors can still wait.

Why do you think they can wait sir ? .

Brent Crude 54.33 ▲ +0.17 0.31% 1/20/2017

https://www.bloomberg.com/news/articles/2017-01-19/firstrand-targets-mid-sized-nigerian-bank-as-takeover-deals-sour

cc: feelamong, davide470