emmanuelewumi:
Access Bank and Zenith Bank are better qualified for the acquisition of Union.

A good thought.


BTW, what is it about demise of one key person or the other in some of these companies lately?
It is well o. God is in control.

https://doclib.ngxgroup.com/Financial_NewsDocs/34699_VITAFOAM_NIG_PLC%20NOTICE_OF_DEMISE_OF_AN_EXECUTIVE_DIR.pdf
https://doclib.ngxgroup.com/Financial_NewsDocs/BUA_Cement_Plc_Demise_of_Company_Secretary.pdf

IYGEAL:
Seeing that TTB is a new bank and not listed on NGX, acquiring majority shares of UBN means they would either buy out minority shareholders at a premium or list on the Exchange at a premium as well.

If they have enough money to buy the majority shares, why not the minority? We haven't read all of it yet.

My 2 Cents.

Hmmm. Minority shareholders should get a wonderful deal. They already have over 89% of the total outstanding ding shares and they would have to buy off the remaining 10%. I think the offer should be great

Please any update on the public offer/rights issue of NPF earlier in the year? Has it been listed?

wuwu2:
Please any update on the public offer/rights issue of NPF earlier in the year? Has it been listed?

No it has not, they said waiting for some approval, it is taking too long.

Pls can anyone post the names of Titan Trust Bank Directors, and what could be the final out come of this acquisition?

locodemy:


Any good turnaround in the parent company will attract investors to it's subsidiaries.Watch that space

Like Gsk like Transcorp.Greatly undervalue and no movement in price till thy kingdom come?

for loco & others who are interested

Best Penny Stocks to Buy in Nigeria in 2022 - Buy Transcorp Shares Now


https://www.youtube.com/watch?v=Ib1SLsfRjyY&list=LL&index=1&t=151s

I expect Union bank to be on full bid today. Although market get him own mind sha

Mpeace:
I expect Union bank to be on full bid today. Although market get him own mind sha

It was on full bid yesterday. Now that the news is everywhere, it's a no-brainer that the same is expected today!

veecovee:
Pls can anyone post the names of Titan Trust Bank Directors, and what could be the final out come of this acquisition?

Tunde Lemo( Chairman)- former CBN DG, former Wema bank MD.


Some Former Zenith bank guys

kolaish:
for loco & others who are interested

Best Penny Stocks to Buy in Nigeria in 2022 - Buy Transcorp Shares Now


https://www.youtube.com/watch?v=Ib1SLsfRjyY&list=LL&index=1&t=151s

Excellent video analysis.

OBAGADAFFI:

Tunde Lemo( Chairman)- former CBN DG, former Wema bank MD.


Some Former Zenith bank guys

... I see.

Thanks

Nice 1

BabsO2:


Excellent video analysis.

OBAGADAFFI:

Tunde Lemo( Chairman)- former CBN DG, former Wema bank MD.


Some Former Zenith bank guys

Titan na Meffy retirement plan

emmanuelewumi:



Titan na Meffy retirement plan

Explain more sir. Should we hold UBN for long?

emmanuelewumi:



Titan na Meffy retirement plan

I think so.

It will be interesting to see how they can work together.

otokx:


No it has not, they said waiting for some approval, it is taking too long.

Okay. Thanks so much for your response.

MERRY CHRISTMAS, MY PEOPLE

Seunn11:
MERRY CHRISTMAS, MY PEOPLE

Merry Christmas

OBAGADAFFI:


Merry Christmas

Merry Christmas everyone

faoogoke:
Someone please assist me with returns on the sukuk bond being issued by the FG at 12.8%.
Please how much do I get paid yearly if I invest N5,000,000.
Thank you.

The FGN Sukuk is said to be over subscribed. Just wondering if they will tamper will allocation for individual subscribers and when they will pay what they were supposed to pay yesterday.

Merry Christmas to everyone on this forum

Seunn11:
MERRY CHRISTMAS, MY PEOPLE

faoogoke:


The FGN Sukuk is said to be over subscribed. Just wondering if they will tamper will allocation for individual subscribers and when they will pay what they were supposed to pay yesterday.

Not at all people who invested N100 million and below will get all they wanted, the banks, insurance companies and pension fund managers that wanted billions of Naira worth are those that will not get all they wanted

emmanuelewumi:



Not at all people who invested N100 million and below will get all they wanted, the banks, insurance companies and pension fund managers that wanted billions of Naira worth are those that will not get all they wanted

Okays. Thanks for the info.

Tunde Lemo...

Dear all,
Thank you very much for your messages of felicitation and congratulations on the proposed acquisition of UBN by my bank- Titan Trust Bank.

I however need to make more clarifications on the ownership structure of Titan. The bank is 85% owned by Vinc Corporation- a foreign company. The local shareholders own the balance and shareholding is dispersed. My shareholding is therefore very tiny and insignificant. I am only providing leadership. Thank you once again and God bless.

Titan trust Bank is owned by the TGI’s parent company, Vinc Corporation which is a conglomerate of 24 companies, out of which Chi Limited that was recently sold to Coca Cola for $1bn, is the most popular.

They are in almost every sector of the economy from Agric to Pharma, FMCG to Trading etc!

Titan, which started operations late 2018, was their first foray into the financial services sector. They have the ambition of becoming a tier 1 bank within a maximum of 7 years and therefore were always going to pursue inorganic growth.

The desire of the Private Equity Companies that owned UBN to sell matched their appetite and intention hence the deal.

This is probably the first deal within the banking industry that is arising out of such alignment of objectives rather than out of a need to rescue the target bank.

What they will do with the brand remains to be seen.

#COPIED

faoogoke:


The FGN Sukuk is said to be over subscribed. Just wondering if they will tamper will allocation for individual subscribers and when they will pay what they were supposed to pay yesterday.

Sukuk 4 coupons will be paid on 24th June and 24th December for the next 10 years

The prospectus for the sukuk mentioned 24 December 2021 as payment date.
I really don't understand your comments sir.

faoogoke:
The prospectus for the sukuk mentioned 24 December 2021 as payment date.
I really don't understand your comments sir.

How can you be paid 24 hours after the offer closed.

Your coupons will be paid on 24th June 2022 and 24th December 2022 till 2031

Season Greetings
To every member of this forum and all clients of investment one in particular:
May the peace that comes with Christmas abide with you and family

emmanuelewumi:



Titan na Meffy retirement plan

I think ttn is owed by the guys that own chivita.

emmanuelewumi:



How can you be paid 24 hours after the offer closed.

Your coupons will be paid on 24th June 2022 and 24th December 2022 till 2031

I was surprised too but that's what the document said.
It said settlement date.
You may want have a look again.