see as morgan capital pple just line up for Dangflour. #Nairalandhasahandinthis#

Big riot at fidson agm now at amuwo odofin lagos!some people got gift pack,somepeople no get gift.come see wahala!

Just looking at bid/offer for Daarcom see one guy wey offer 50,000,000 units for sale. i can only imagine how much loss. human being dey see something oh.

GTB intra day high of N37.10!

Also a 5 Yr high.

ok ooo Kontinu

DOLLARTEX:
Big riot at fidson agm now at amuwo odofin lagos!some people got gift pack,somepeople no get gift.come see wahala!

loll
OMG

bigjay01:
GTB intra day high of N37.08!

Also a 5 Yr high.
ok ooo Kontinu

breaking highs back to back
d key lesson is to buy wat goes up !

Mpeace:
Just looking at bid/offer for Daarcom see one guy wey offer 50,000,000 units for sale. i can only imagine how much loss. human being dey see something oh.

That offer must have been placed after the guy was rushed to hospital, I pray S/he is still alive...
While the company, which has a COVENANT with LOSS has been used consistently to benefit the 'owner', that rakes in billions PERSONALLY with the company's name (like during last presidential elections).

fxuser:


breaking highs back to back
d key lesson is to buy wat goes up !

Na so...
You never DIG your way out of a PIT...

fxuser:

breaking highs back to back d key lesson is to buy wat goes up !

The thing scare me o.

This is a very misleading and false story from Vanguard Newspaper. The crossing of 2.1 billion units of UBA shares from the Staff Share Investment Trust Scheme (SSIT) to the Bank is a process required to effect the resolution of the shareholders to cancel the shares held under the SSIT scheme to create value for shareholders. UBA thus repossessed the shares from SSIT .
Africa Prudential Plc, which is the Registrars to UBA has nothing to do with the transaction.

The reporter in Vanguard needs to gets facts right to avoid misleading innocent public. It should be noted that UBA also formally communicated details of the transaction, as also reported by Vanguard.

For your information, this is the official statement released by the Bank on the transaction:



CANCELLATION OF UBA STAFF SHARE INVESTMENT TRUST SCHEME SHARES


Lagos, Nigeria – July 18, 2017 – United Bank for Africa Plc (“UBA” or “the Group”) announces the crossing of 2,080,104,955 units of its ordinary shares from the Staff Share Investment Trust Scheme (SSIT) to the Group, at a price of N9.47 per share.

This transaction implements the Special Resolution of UBA’s shareholders, passed at the Annual General Meeting held on Friday, April 08, 2016, to cancel shares held under the SSIT.

Upon cancellation of the 2,080,104,955 units of ordinary shares, the outstanding shares of UBA will be reduced from 36,279,526,321 units to 34,199,421,366 units. Implementation will increase the annualised 2017 First Quarter Earnings Per Share (EPS) of the Group by 6.1%, from N2.46 to N2.61, translating to a Price to Earnings Ratio of 3.4x.



This process is value accretive to shareholders, as the enterprise value of the Group remains unchanged. The unit holding of all shareholders remains the same, whilst their respective percentage holding in UBA Plc will increase. For example, a shareholder who owns 362.8 million units, which translates to 1% of the Bank’s equity before the cancellation of SSIT, will still own same number of units after the cancellation of SSIT, but the implied percentage holding will increase to 1.06% of the Bank’s equity, as the cancellation of SSIT shares reduces the outstanding shares and increases the percentage holding of all other shareholders on a pro rata basis.

The cancellation of SSIT shares has no impact on the liquidity and capital adequacy ratio of the Bank. UBA Plc continues to maintain strong liquidity and capital adequacy ratios, which stood at 41% and 19.4% respectively, as at March 31, 2017.

For enquiries, please contact Abiola Rasaq, Head, Investor Relations on +2348033651808 orabiola.rasaq@ubagroup.com.

Thank you.




United Bank for Africa Plc is a leading pan-African financial services group, with presence in 19 African countries, as well as the United Kingdom, the United States of America and France.

UBA was incorporated in Nigeria as a limited liability company after taking over the assets of the British and French Bank Limited who had been operating in Nigeria since 1949. The United Bank for Africa merged with Standard Trust Bank in 2005 and from a single country operation founded in 1949 in Nigeria - Africa's largest economy - UBA has become one of the leading providers of banking and other financial services on the African continent. The Bank provides services to over14 million customers globally, through one of the most diverse service channels in sub-Saharan Africa, with over 1,000 branches and customer touch points and robust online and mobile banking platforms.



UBA was the first Nigerian bank to make an Initial Public Offering, following its listing on the NSE in1970. It was also the first Nigerian bank to issue Global Depository Receipts. The shares of UBA are publicly traded on the Nigerian Stock Exchange and the Bank has a well-diversified shareholder base, which includes foreign and local institutional investors, as well as individual shareholders.

DeRuggedProf:


Na so...
You never DIG your way out of a PIT...

Word on ICE brah
people learn d hard way. they keep chasing dips
been there done that
#kolewerk

Owoetie:
This is a very misleading and false story from Vanguard Newspaper. The crossing of 2.1 billion units

d only part that caught my eye was d example . . loll
#PersonalGoals

CNBC.com
More than 150,000 ether tokens, a digital currency similar to bitcoin, worth around $30 million were stolen by cybercriminals on Wednesday.
Around 153,000 tokens were taken by hackers, according to data from Etherscan. 44,055 tokens were stolen from commerce platform Swarm City. The theft was noticed at 12:30 p.m. ET on Wednesday, according to Swarm City communications officer Matthew Carano. The stolen tokens are worth around $32.6 million at today's price for ether.

http://www.cnbc.com/2017/07/20/32-million-worth-of-digital-currency-ether-stolen-by-hackers.html

holm:
http://www.nse.com.ng/Financial_NewsDocs/18898_FTN_COCOA_-_HALF-YEAR_JUNE_2017_FINANCIAL_STATEMENTS_JULY_2017.pdf

No megabytes for this category...

Dangflour...

DeRuggedProf:
Dangflour...

Breaking N5 on volume
about time

fxuser:


Breaking N5 on volume
about time

I am still soliciting for HACKERS.....

Some results may be out later today or tomorrow, looking at the pattern of trading....
Can we guess?

stocks with new 52 week highs
first aluminum #0.61k
GTB #37.30k
no new 52 week lows

I sight BullBearMkt!!!
No wonder, some strange mopping...
Hi my brother.

Intendy:
stocks with new 52 week highs

first aluminum #0.61k

GTB #37.30k

no new 52 week lows

Where this LAST ALUMINUM wan crawl go.
Another life or death dance?....

GTB, Nawao..

DeRuggedProf:
Some results may be out later today or tomorrow, looking at the pattern of trading....
Can we guess?

by dem vol ye shall know lol

Mpeace:
Na lie. U no get Oando.

Oya na comman bite me, I dey my house

When e reach above 8 I go offload give u

NAIRAMETRICS SUMMARY FOR LAFARGE WAPCO'S Q2:

https://nairametrics.com/alert-lafarge-africa-reports-n14-5-billion-profit-2017-6-months/



Lafarge Africa released its Unaudited consolidated financial results for the quarter two ended 30 June 2017 ; See below



Revenue N’m

2017 6 Months | 73,529

2016 6 Months | 54,943

%age Change| %



Profit/(Loss) after Tax N’m

2017 6 Months| 14,571

2016 6 Months| (28,737)

%age Change| N/A



EPS (kobo)

2017 6 Months| 276K

2016 6 Months| -623k

%age Change| N/A



This result was officially released on the 20th of July 2017.

fxuser:


by dem vol ye shall know lol

Checking....

https://trwstockbrokers.files./2017/07/nse-pricelist-for-july-20-2017.pdf

http://punchng.com/breaking-tsa-court-orders-seizure-of-793-2m-hidden-in-banks/

Justice Chuka Obiozor ordered the seven banks to remit the various amounts being allegedly kept illegally in their custody to the designated Federal Government’s Asset Recovery dollars account domiciled with the Central Bank of Nigeria.

The concerned banks are United Bank for Africa; Diamond Bank Plc; Skye Bank Plc; First Bank Limited; Fidelity Bank Plc; Keystone Bank Limited; and Sterling Bank Plc.

According to court papers filed by counsel for the Attorney General of the Federation, Prof. Yemi Akinseye-George (SAN), a total of $367.4m was illegally hidden by three government agencies in UBA, while a sum of $41m was illegally kept in a NAPIMS fixed deposit account with Skye Bank.

The court papers stated that $277.9m was hidden in Diamond Bank; $18.9m in First Bank; $24.5m in Fidelity Bank; $17m in Keystone Bank; and $46.5m in Sterling Bank.

It's is from Meristem Securities: Analysis and recommendations.
Nay orYea?
http://meristemng.us9.list-manage.com/track/click?u=bbb27b17b0b31a5b84a5e0467&id=987ff2fc58&e=f34febe02c

feelamong:
http://punchng.com/breaking-tsa-court-orders-seizure-of-793-2m-hidden-in-banks/

Justice Chuka Obiozor ordered the seven banks to remit the various amounts being allegedly kept illegally in their custody to the designated Federal Government’s Asset Recovery dollars account domiciled with the Central Bank of Nigeria.

The concerned banks are United Bank for Africa; Diamond Bank Plc; Skye Bank Plc; First Bank Limited; Fidelity Bank Plc; Keystone Bank Limited; and Sterling Bank Plc.

According to court papers filed by counsel for the Attorney General of the Federation, Prof. Yemi Akinseye-George (SAN), a total of $367.4m was illegally hidden by three government agencies in UBA, while a sum of $41m was illegally kept in a NAPIMS fixed deposit account with Skye Bank.

The court papers stated that $277.9m was hidden in Diamond Bank; $18.9m in First Bank; $24.5m in Fidelity Bank; $17m in Keystone Bank; and $46.5m in Sterling Bank.

Wow, some banks will feel the heat tomorrow.

OBAGADAFFI:



Wow, some banks will feel the heat tomorrow.

na today?