Different bad news but asi keeps going up every day

debeey87:
Has uac prop released any statement regarding qualification date for the REITs unbundling after their court ordered meeting?

13/11/2020 as per scheme document.

that one passed me by. Would have a been a smart play to get some via UPDC

ebuka1997:
Different bad news but asi keeps going up every day

As in ehn. It tire me oh ...
https://m.guardian.ng/business-services/gtbank-posts-n167-4-billion-pbt-in-q3/amp/

Mcy56:

Do you mean "cut down their loss in Q3 compared to Q2"....and not last year?

Anyway, Unilever still needs to do something about their huge expenses, it's chopping too deep into their profits.
If they can successfully do this, it will translate to improved results and price appreciation over time.

Are you trying to ask if you should buy or not?

Yes,
I wanted to buy at 13.00, but decided to wait small. Is the current price of 13.75 still good entry point?
If no,bwhat other sound stocks can you suggest?

Jochez15:

Yes,
I wanted to buy at 13.00, but decided to wait small. Is the current price of 13.75 still good entry point?
If no,bwhat other sound stocks can you suggest?

I once left UNILEVER that I bought @18+ only to sell @66+ three years later... UNILEVER na my sure bet anyday

megawealth01:
I once left UNILEVER that I bought @18+ only to sell @66+ three years later... UNILEVER na my sure bet anyday

Interesting to know

ebuka1997:
Different bad news but asi keeps going up every day

We dont understand what is going on anymore in the markets

bigjay01:


14/10/2020 as per prospectus.

that one passed me by. Would have a been a smart play to get some via UPDC

Thanks. Have to go check my purchase date very well. If you can, pls post an extract of the date

DexterousOne:


We dont understand what is going on anymore in the markets

Ripple effects of circuit breaker still felt

debeey87:


Thanks. Have to go check my purchase date very well. If you can, pls post an extract of the date

Please ignore the date I quoted earlier (pls edit the post where you quoted my earlier post so one is misled).

See attached

bigjay01:


Please ignore the date I quoted earlier (pls edit the post where you quoted my earlier post so one is misled).

See attached

Missed this one.

I would have increased my holdings in UPDC.....

Anyway, I expect UPDC to rally at appropriate time.....Custodian is really upto something good.

bigjay01:


Please ignore the date I quoted earlier (pls edit the post where you quoted my earlier post so one is misled).

See attached

Waiting for UACN to announce their unbundling plan.

OBAGADAFFI:


Waiting for UACN to announce their unbundling plan.

me too... I go load am too

OBAGADAFFI:


Waiting for UACN to announce their unbundling plan.

Are you sure of that? After the unbundling of UPDC, UACN will get about 700 million units of UPDC REIT shares. Which I pray they will give to UACN shareholders

emmanuelewumi:


Are you sure of that? After the unbundling of UPDC, UACN will get about 700 million units of UPDC REIT shares. Which I pray they will give to UACN shareholders

Is this possible?

UACN that like free cash flow

ukay2:


Is this possible?

UACN that like free cash flow

It will give an annual dividend of just N400 million to UACN, they should be able allocate the shares to shareholders on a pro-rated basis

emmanuelewumi:


Are you sure of that? After the unbundling of UPDC, UACN will get about 700 million units of UPDC REIT shares. Which I pray they will give to UACN shareholders

Amen to that

Pls someone should help me with the E dividend links of Firstregistrars, datamax and veritas

emmanuelewumi:


Are you sure of that? After the unbundling of UPDC, UACN will get about 700 million units of UPDC REIT shares. Which I pray they will give to UACN shareholders

UACN has successfully sold 51%, I believe they will settle shareholders.

UPDC have fullfiled their own part.

OBAGADAFFI:


UACN has successfully sold 51%, I believe they will settle shareholders.

UPDC have fullfiled their own part.

UACN still has 45% of UPDC, used to own 96% before the sale of 51% to Custodian Investment

ANTIDOTE TO FEAR ...

https://www.nairaland.com/3560501/holineness-righteousness-revival-messages-bible/30#96529016

emmanuelewumi:



UACN still has 45% of UPDC, used to own 96% before the sale of 51% to Custodian Investment

Yes, they might sell the 45% very soon.

OBAGADAFFI:


Yes, they might sell the 45% very soon.

For now they are qualified for about 700 million units of UPDC REIT shares

emmanuelewumi:





For now they are qualified for about 700 million units of UPDC REIT shares

Will these units of UPDC REIT will be distributed to shareholders?

Mcy56:

Boss, I'm still trying to figure it out.

Now: For 7units, 10 will be added = 243% increase.

Bonus: For instance: 100,000 units will become 243,000units
Reconstruction: 243,000 / 4 = 60,750units
Price: Will be reviewed up ...................after reconstruction price is what's still a bit confusing to me........

...........but how did you arrive at N2 in the first place? This should throw mor9e light on it.

Make Una no mind my calculations o, correct if im wrong........

For every 7 shares, you get extract 17shares making a total of 24shares.
The total authorised shares was N5.25billion ( 10.5billion shares before) and
the newly created shares is 25.5billion. if you add the new created and the existing shares it will give you 36billion. ( The authorised share capital of the Company be and is hereby increased from N5,250,000,000 to N18,000,000 (36billion shares), by the creation of additional 25.5billion ordinary shares of N0.50K each.)
After reconstruction, it will (36billion/4)=9billion against the previous 10,5billion shares.
But the nominal value of previous share was 50k that is NGN5.25billion after reconstructiin the nominal value will be NGN2 that is (2*9billion) which will be NGN18billion.
Assuming you bought 7shares now and you get extract 17 shares making a total of 24shares which normally will be at nominal value of 50K, so that will NGN12 after reconstruction the 24shares/4 will turn 6shares but the nominal vaue will now NGN2, which will give you the same value 6*2=NGN12.

OBAGADAFFI:


Will these units of UPDC REIT will be distributed to shareholders?

Am waiting to see what UACN will do with these 700 millions units of UPDC-REIT shares from UPDC unbundling

OBAGADAFFI:


Will these units of UPDC REIT will be distributed to shareholders?

Pray they will follow their Church mind

megawealth01:
Pls someone should help me with the E dividend links of Firstregistrars, datamax and veritas

Here:
https://sec.gov.ng/public-notice-the-e-dividend-mandate-activation-forms-of-various-registrars-are-now-available-for-download/

Verification of unclaimed dividend:
http://sec.gov.ng/non-mandated/

longlife20:
For every 7 shares, you get extract 17shares making a total of 24shares.
The total authorised shares was N5.25billion ( 10.5billion shares before) and
the newly created shares is 25.5billion. if you add the new created and the existing shares it will give you 36billion. ( The authorised share capital of the Company be and is hereby increased from N5,250,000,000 to N18,000,000 (36billion shares), by the creation of additional 25.5billion ordinary shares of N0.50K each.)
After reconstruction, it will (36billion/4)=9billion against the previous 10,5billion shares.
But the nominal value of previous share was 50k that is NGN5.25billion after reconstructiin the nominal value will be NGN2 that is (2*9billion) which will be NGN18billion.
Assuming you bought 7shares now and you get extract 17 shares making a total of 24shares which normally will be at nominal value of 50K, so that will NGN12 after reconstruction the 24shares/4 will turn 6shares but the nominal vaue will now NGN2, which will give you the same value 6*2=NGN12.

Thanks for this breakdown.
Like earlier mentioned, after-reconstruction price is the issue....
Are you saying the price will be N12?
Remember your 7 shares are the ones that later translate to 6 after reconstruction.

I also think the after-reconstruction price can't be N2......considering Sunu's after reconstruction price (from 20k to N1) .......but I don't think it can be N12 either, maybe N8 or thereabouts.
The issue is, that price will be beating down much lower again........this is the way I see it, I may be wrong.

Let's say 7 units of Mansard at current price is : 7 X N2.34 = N16.38

After reconstruction: 6 X N8 = N48. (Not sure of the price though)

I think it's profitable but then, we are not sure of the price and if you will be able to sell at that price cos insurance generally have low patronage.

Jochez15:
Yes,
I wanted to buy at 13.00, but decided to wait small. Is the current price of 13.75 still good entry point?
If no,bwhat other sound stocks can you suggest?

I think 13 is okay for Unilever.
The loss position seems to have been priced in already, more reason the share price wasn't seen on a free fall after Q3 was out coupled with the general positive momentum in the market.
Their Q3 wasn't fantastic either, though I didn't read their reasons for the huge admin and promo expenses BUT considering the sector Unilever belongs to, (Consumer Product), planned opening of border, foreign participation and the positive sentiments the stock enjoys, I think 12-13 has formed support and current price seems ok for it............except there's general downturn in the market.
-- Just be ready to be patient....... Remember this is strictly my opinion.

As for other sound stocks, there are quite a lot on the exchange and they've been mentioned here times without number.......The F. U. G. A. Z are among.
What you should be concerned about is your entry price also. If you have deep pocket and ready to average down, then you can be picking in tranches. Year end is approaching and no one can accurately predict/time the market. Do your Due Diligence too.
Try and read some pages of this thread back to see others. Also find time to read more pages cos you needed basic knowledge at least.

Mcy56:

Here:
https://sec.gov.ng/public-notice-the-e-dividend-mandate-activation-forms-of-various-registrars-are-now-available-for-download/

Verification of unclaimed dividend:
http://sec.gov.ng/non-mandated/

Thanks so much ma