UACN in trouble water!

Tvegas:
Do you have a list of those speculating and hoarding dollars? There is just no sufficient fund in the system to meet FX obligations for now. Inflow of Dollar from Oil revenue has gone down.

Trust me. Am totally in agreement with you. All am saying is that we are one step in the right direction. That's all.

Thanks Mcy,
i see your point. It's now a moving target with their share prices looking up.
I guess its safer to sit and observe this week. I may have missed these buses already. .

Mcy56:

You asked Mcy a difficult question here, it's always good to ask this type of question when market is down or trading 'flat'.......not when prices are going up.
My ogas will be in best position to answer this.
Actually, it depends on your investment objective, goal and horizon (horizon is OGG copyright).
The trio are great coys no doubt.........
Ucap moved from 2 to 3 already, may be heading towards 3.50, it may decide to drink water at 3/3.10.
Afriprud still traded at 4.10 last week, a good entry point, we don't know what Mr. Market may decide....either up or go back to pick more passengers.
UBA......

Na wa o. I pity uacn well diggers.

Coolcash1:
17 months ago Total Nigeria Plc was selling for N190, today its N77 and still falling.

I pity long term investors in NSE.

...I've been going through some researches on FA & I really wonder why many people that invest based on FA on this forum are investing based on fundamentals. Most of the these companies (on NSE) do not worth investing for long term based on FA. Most companies financial report shows good revenue/sales; nice net income, some managed to pay dividend and squandered the remaining profits. No Free Cash, Management acumen/performances are zero. Only price is moving, which invariably means short term investing/trading is what will make money on NSE.

PETERiCHY:


We KNEW where this MERRY-GO-ROUND BUS was HEADING to and alerted BARGAIN HUNTERS to alight on time when it was still traded at circa N8--N9.

For those that missed the last JOLLY RIDE our next POINT of ENTRY is circa N3

BARGAIN HUNTERS TAKE NOTE or GET BURNT!

*ThE OcToPuS*

UACN now at N5.95
50% DISCOUNT from this POINT then we are GOOD to GO.

PATIENCE is KEY

BARGAIN HUNTERS TAKE NOTE!

Tvegas:
Do you have a list of those speculating and hoarding dollars? There is just no sufficient fund in the system to meet FX obligations for now. Inflow of Dollar from Oil revenue has gone down.

. Is just like me asking you to give me the list of those speculating and hoarding fuel when there is (artificial)fuel scarcity.

zimams:
Thanks Mcy, i see your point. It's now a moving target with their share prices looking up.
I guess its safer to sit and observe this week. I may have missed these buses already. .

UBA never waka far nah. I blvd news of interim div, if there's going to be any, will help UBA's ministry.
Also, Access, GTB are both looking up, picking some units of UBA at currentprice may not be a bad idea.
Afriprid at currentprice is okay too.
Like I said, it depends on your inv. goal and objective. If it's for jijo then I don't know what to say, Loco or iphonix may be of help here.

ositadima1:


Common, not fair o, I answered the guy first nah. You got 2 whole likes and me zero, not fair.

Bros no worries. The thing sef no d give credit alert na shakara. But check your answer well o.

No Jijo' o ..
I' have medium to longterm mindset towards the NSE. While keeping a close eye on erratic price movements that may lead to my jumping out at any time if i make considerable unexpected gain.
Thanks Mcy.

Mcy56:

UBA never waka far nah. I blvd news of interim div, if there's going to be any, will help UBA's ministry.
Also, Access, GTB are both looking up, picking some units of UBA at currentprice may not be a bad idea.
Afriprid at currentprice is okay too.
Like I said, it depends on your inv. goal and objective. If it's for jijo then I don't know what to say, Loco or iphonix may be of help here.

ositadima1:


Common, not fair o, I answered the guy first nah. You got 2 whole likes and me zero, not fair.

...lol! u have 1 from me

ositadima1:
Common, not fair o, I answered the guy first nah. You got 2 whole likes and me zero, not fair.

I added the 2nd one.
2-2 no cheating.

Godlylifeoneart:
https://nairametrics.com/2020/08/10/brewery-sector-a-quarter-to-forget/

These woes will like run into 2022 for the brewers. This is where deep pocket matters. At the end of it all, i expect the 3 players will survive with different degrees of bruises.

Guinness on full bid...

https://cashmoneyfocus.com/verod-capital-consolidating-in-insurance-and-pension-fund-administration-sectors/

These guys are consolidating. I hope they get the PFA right. Many insurers are abandoning that sector.

BullBearMkt:

...I've been going through some researches on FA & I really wonder why many people that invest based on FA on this forum are investing based on fundamentals. Most of the these companies (on NSE) do not worth investing for long term based on FA. Most companies financial report shows good revenue/sales; nice net income, some managed to pay dividend and squandered the remaining profits. No Free Cash, Management acumen/performances are zero. Only price is moving, which invariably means short term investing/trading is what will make money on NSE.

This is what happened when NSE and SEC are allowing poor cooperate governance.

GTB: Sighted at 24.70/80......
Zenith: Lancee, the forces are not yet done with their deliberations......let's see what happens once...........

zimams:
No Jijo' o ..
I' have medium to longterm mindset towards the NSE. While keeping a close eye on erratic price movements that may lead to my jumping out at any time if i make considerable unexpected gain.
Thanks Mcy.

A good strategy.
Anyway, you may pick some units in order not to miss out totally.......should the stocks rally the more.......moreso that there's still positive momentum in the market.

Someone please push seplat to 400 na, I need to go and drink beer. Brand is Guinness.


Passively followed this forum for 2 years and today I've been actively involved in trading for the past 6 months.

Best moments of my life. NSEMPA you all are cherished!!!

Oyel wahala

OBAGADAFFI:
Oyel wahala

They should please give me my dividend, I am currently positioned to jump out of the bus with a +50% on SEPLAT. �

Zagee:
Someone please push seplat to 400 na, I need to go and drink beer. Brand is Guinness!

Patience....

BTW: Peter see one of those helping your ministry in Guinness.

Yes..
i will take a cautious dip today.. and watch for losses on those 3 stocks that i can capitalize on during the week.

Mcy56:

A good strategy.
Anyway, you may pick some units in order not to miss out totally.......should the stocks rally the more.......moreso that there's still positive momentum in the market.

Mcy56:

Patience....

BTW: Peter see one of those helping your ministry in Guinness.

Honoured to have Mcy56 quoting me.


I've seen and know Peter antics, but this time, my guts says it's time...!!

Princkez:
Guinness on full bid...

The bull is drunk on Guinness Stout.....

Zagee:
Honoured to have Mcy56 quoting me.

I've seen and know Peter antics, but this time, my guts says it's time...!!

Lol. It's a pleasure. Happy you made your Seplat call right.
Always remember that this is NSE anyway.......with volatility and lots of instability in the system.
It's well.

Zenith: some pullback to 16.55 observed earlier and halted by now.....back to 16.70.......
Fidelity: Still showing some strength at 1.80 junction....
Will these support hold? Observing....
.

Insider Dealing: Blakeney Sells 80m UAC Shares, Reduces Stake

UAC of Nigeria Plc has disclosed that one of its substantial shareholders, Blakeney LLP, has sold part of its shares in the company.

In a statement signed by Godwin A. Samuel, Company Secretary and Legal Adviser, UACN, Blakeney LLP sold 80,000,000 shares of UAC Nigeria on August 5th, 2020.

According to the company, Blakeney sells a unit share at N5.75 at the Nigerian Stock Exchange trading floor in Lagos.

https://investorsking.com/insider-dealing-blakeney-sells-80m-uac-shares-reduces-stake/

nna777:


What of those that have been hoarding?

Won't they sell now leading to liquidity?

I want to believe dollar scarcity was artificial

The dollar scarcity is not artificial.

At 390, the Naira is still overvalued. The CBN would have to empty the foreign reserve to defend the Naira at that price.

Mcy56:
GTB: Sighted at 24.70/80......
Zenith: Lancee, the forces are not yet done with their deliberations......let's see what happens once...........

Hope the forces won't make it stagnant /down once result comes out ..with div ..usual behaviour

Just breakeven at 16.77 ..thinking what to do

einsteine:



The dollar scarcity is not artificial.

At 390, the Naira is still overvalued. The CBN would have to empty the foreign reserve to defend the Naira at that price.

If the CBN allowed for the free flow of forex into the country
Just maybe we wont be having this problem

Cos I kid you not

So many are keeping their forex in unorthodox fashion
And the sum total of that is significant

meine:
Oga you like to dey SHALAYE, Just admit this was a wrong call and move on. Everyone who bought because of unbundling has been disappointed shikena. By the time all these your postulation materialize investors would have made more returns from GTB, Access, Wapco, Zenith etc.

Me still believe that investors fate are in the hands of a UACN management that has not proven themselves to care about retail investors. Only the management has collected cash from this deal.

If you support your position with the expected EPS of UACN after this sales then that would have been more robust. But not all these chest beating like you are a director in UACN. There is nothing you are seeing that layman investor no fit see. Wetin I sabi sef.

Lol cowboy Management