₦airaland Forum

rebekah2011:
UACN now owns close to 94% of UPDC Reits. I cannot remember where I read an article that quoted this % of the shareholding. The best bet will be the UACN route.

94% of UAC PROPERTY not REIT, while UAC PROPERTY own 50% of REIT. That's why they will be allotted 6 units of UAC property per a share and half of REIT per a share holding.

I ask this question last time no one answers it
What is a fair value price of stock with EPS of
1. Negative earning of - 612 kobo × 6 = -3672 kobo
2. stock with EPs of 96 kobo
3. Stock of EPs of 32 kobo

All in one?

stcool:
UACPROP is nothing...after unbundling price may fall

but for me the value is in UACREIT and getting it cheaper through UACN

You get it cheaper through UPDC REIT. UACN might ended as a trap. Is like one buying stock of #5 per a unit from primary market (IPO) waiting for his or her certificate to come out or be credited, while waiting he sees the price of that stock moves from #5 to #10, only for him to see the same stock dropping to #2 by the time he got his/ her certificate.

PETERiCHY:
The BEAR already started with JAPOIL with time it will TRICKLE down to other STOCKS.

Well we have ROLLED our DICE on GUINNESS at N17 junction if our BIDS doesn't get filled 2moro we MOVE it down to N16 till we get to CARDINAL STONE N15 TARGET Price.

BARGAIN HUNTERS TAKE NOTE

No bear today, bull will likely ends today market.

Princkez:
Japaul oil...full offer @.27k

In NSE people learn everyday, am just watching UAC property manipulation, jijo specialist will look the way of that property company, because is like the part of money their directors bailed out from the parent company is using to promote and push the property up, and once unbundling door closes, and for their faithful to wake up from their sleep, 10% southern journey will begin till the last bus stop, with door still close down.

The winners will be jijo groups who entered at low price and exit at 10% higher , enter at lower level again and exit at 10%, but when one is unlucky the unbundling door bail rings with closing of door. "Abeg make I comot" will be sounding inside the vehicle, with driver keep on exchanging gear with high speed negotiating car park.

maishai:
Zenith that was begging for buyers @ 11+, people dey do yanga saying they await it @ #5, even @ #17 ,Zenith is an awsome buy........we should remember that precovid 19, people were bidding zenith @ #19 without bids being filled..........

It seems Zenith of #19 precovid 19 is lower than Zenith of #17+ #2.50 dividend = #19.50.
Only that nobody knows the mind of Mr market. He that's calling for bull might be right when bull visit or wrong if bull fail to visit, likewise he that call for bear might be right when bear visit or wrong if bear fail to visit. But one thing is sure, bull must come and bear must also come, but nobody knows the height the bull will reach or how low the bear can touch.

Market has the mind of its own. Market can go up and the same market can still go down.

GonFreecss1:
Please. Do you have the Fee structure for trading on CSL?

CSL STOCKBROKERS charges about 1.45% for buying and 1.55 for selling, total 3%
I used to have the complete structure, but can't trace it now.

https://www.opec.org/opec_web/en/press_room/5966.htm

The 11th OPEC and non-OPEC Ministerial Meeting concludes No 9/2020
Vienna, Austria
06 Jun 2020
The 11th OPEC and non-OPEC Ministerial Meeting was held via videoconference, on Saturday, 06 June 2020, under the Chairmanship of HRH Prince Abdul Aziz Bin Salman, Saudi Arabia’s Minister of Energy, and co-Chair HE Alexander Novak, Minister of Energy of the Russian Federation.

The Meeting recalled the rights of peoples and nations to permanent sovereignty over their natural wealth and resources.

The Meeting reaffirmed the continued commitment of the participating producing countries in the ‘Declaration of Cooperation’ (DoC) to a stable market, the mutual interest of producing nations, the efficient, economic and secure supply to consumers, and a fair return on invested capital.

The Meeting welcomed Ecuador, Indonesia, Trinidad & Tobago as observers.

The Meeting recalled the decision taken by all Participating Countries in the DoC at the 10th (Extraordinary) OPEC and non-OPEC Ministerial Meeting on 12 April 2020 to adjust downwards overall crude oil production.

The Meeting noted additional adjustments from Saudi Arabia (1 mb/d); the UAE (100 tb/d); Kuwait (80 tb/d) and Oman (10-15 tb/d) in June; the announcements of voluntary adjustments from several countries, such as Norway and Canada; as well as various oil company statements revising downward production plans and shutting in supply.

The Meeting underscored how the production adjustments in May, alongside the emergence of many economies from the lockdowns due to the COVID-19 pandemic, have helped garner tentative signs of a recovery in the global economy and oil market.

However, the Meeting emphasized that it was vital that DoC Participants, and all major producers, remain fully committed to efforts aimed at balancing and stabilizing the market. In this regard, it was noted that global oil demand was still expected to contract by around 9 mb/d for the whole of 2020.

In view of the current fundamentals, and following the agreement reached at the 179th Meeting of the OPEC Conference, all Participating Countries:

Reconfirmed the existing arrangements under the April agreement.
Subscribed to the concept of compensation by those countries who were unable to reach full conformity (100 per cent) in May and June, with a willingness to accommodate it in July, August and September, in addition to their already agreed production adjustment for such months.
Agreed the option of extending the first phase of the production adjustments pertaining in May and June by one further month.
Recognized that the continuity of the current agreement is contingent on them fulfilling elements 1 and 2 above.
Agreed without dissent that the full and timely implementation of the agreement remains inviolable, based on the five key elements, and endorsed the ‘Statement on the Declaration of Cooperation,’ which is annexed to this Press Release.
The Meeting also called upon all major oil producers to proportionally contribute to the stabilization of the oil market, taking into consideration the substantial effort made by the OPEC and non-OPEC Participating Countries of the DoC.

In order to observe the fair, timely and equitable implementation of the above, the Joint Ministerial Monitoring Committee (JMMC) was requested to closely review the general energy market conditions and related factors, oil production levels, and conformity levels with the DoC, assisted by the Joint Technical Committee (JTC) and the OPEC Secretariat. The JMMC is to meet monthly until December 2020 for this purpose, with the next JMMC set for 18 June 2020.

The Meeting decided that an OPEC and non-OPEC Ministerial Meeting also will convene in Vienna, Austria, on 01 December 2020.

1kinggy:
Thanks for this. Kindly share the address and the likely fees to be paid for anyone in a similar situation.

Thanks.

1st Floor, Stock Exchange House: 2/4 Customs Street,
P.O.Box 3168, Marina, Lagos, Nigeria.
https://www.cscs.ng
contact@cscs.ng

BELOW was their reply.

Thank you for contacting CSCS customer service.

Please pay the sum of 630 NGN to the account below to enable us to scan your statement to you.

Account name - Central Securities Clearing System
Account number - 2023148006
Bank name - First Bank Nigeria PLC

Also, respond with the tracking number and date of submission of the account merging request to enable me to track the status.

We appreciate your patience and understanding.

For further inquiries, please do not hesitate to contact us at contact@cscs.ng or by calling 0700 CALL CSCS i.e. 0700 22552727 from 8 am to 5 pm Monday - Friday.

Do you want to “GET MORE”? Kindly update your current contact information (phone number, contact address, email and date of birth, etc.) with your stockbroker for easy access to CSCS Plc.

GonFreecss1:
Have an idea on the stockbroking fees of CSL?

CSL STOCKBROKERS charges about 1.45% for buying and 1.55 for selling, total 3%

Morgan used to charge about .65% for buying and .85 for sell total = 1.5% before, but they have increase theirs to around total of 2.2% buying and selling commission.

hectoro:
Hello Experienced Investors:

Some background -I have used 2 stockbrokers in the last 12 years, just realized I have 3 CHN numbers, I'm not receiving all my dividends and generally unhappy with poor service received so far. I tend to just save money with treasury bills/mutual funds since losing faith in my stockbrokers.

I want to see all my shares and transaction records in 1 location, have just 1 CSCS/CHN number, and eventually trade and reinvest dividends by myself (transaction value max of 150k per annum). What do I need to do? Can anyone recommend an online platform that is reliable, with reasonable/clear fee structure and is user friendly? Or am I being unrealistic? I have seen MorganCapital mentioned a lot on this platform, are there others that people can recommend?

Thanks!

I have a similar case like that, until I try to unit my CHN in the 3 brokers that I use, I write to CSCS and I was asked to pay some certain amount of money to get the summary report of all my share holding with different stockbrokers as I requested which I paid, and the answer was provided, and they ask me to write back to them through one of the active stockbrokers I used, which I deed. To cut the story short I later resort to the following, I open another account with Morgan capital, making it two account with them, thereby instructing them to use the CHN which I have with CSL that I want to use, since I have activated most of my e-dividend mandate with that. After my instruction the made mistake to open the new account with new CHN account, I write back and insisted that they should follow my instruction of using the CHN account number I used with CSL and they correct the mistake and changed it to that CHN number I want.

Now I have uniform CHN number with CSL and Morgan capital, and still maintain the first account with Morgan capital that have different CHN, because I have stock too that I activated their e - dividend mandate with that CHN number.

So whenever I paid money to Morgan capital, I usually send email instructing them my account to be fund.
On the stockbroking firm recommendation, I will recommend the CSL and Morgan capital, they are both efficient, chose any of them, and remember to write your preferable CHN number in its provision while fill their form.

PETERiCHY:
For the next 2:weeks I forsee a SERIOUS BEAR. things will turn around starting from JUNE 28th

BEWARE of BULL TRAP

BARGAIN HUNTERS TAKE NOTE

*ThE OcToPuS*

Nice reminder.
Everything is turn by turn, bull will come and bear will come, and investors make money in both when he/ she is in better stock.
Bear present bonanza opportunity for full time and experience investors who invest in sound fundamental stocks.

Bull will likely come next week with the news of extension of crude oil cut, with crude oil likely moving to the region of $45/$50 this month and possibly next week.
Then bear will likely come in expectations of bad result in the month of July toward ending due to effect of corona virus total/partial lockdown.
And bull gradually will be returning by month of August, when some companies will release unexpected good result above expectations of bad result.

Skymoore1004:
I meant I have 200k to invest in the NSE stock market. So if eg Dangote is a good one, I can buy 10k worth of shares.

So I’m just looking for the right stocks to buy
I’m a novice in NSE

Chibuking81:
I will advice you to look for VITA FOAM, UCAP, FCMB, FIDELITY, ZENITH, UBA, AFRIPRUDENT at their discount price come the month of July if you are an investor. But if its for jijo move, consult my friend Perterich, but remember to ask him for reminder when he is bailing out.

1. Vita foam #5.40 current price / #1.82 EPs = 2.96 PE
42 kobo x 100 / #5.40 current price = 7.7 % earning

2. UCAP #2.65 current price/ 83 kobo EPs = 3.19 PE
50 kobo dividend X 100 / #2.65 current price = 18.86% earning

3. FCMB #1.72 current price / 87 kobo EPs = 1.97 PE
14 kobo x 100 / #1.72 current price = 8.13% earning

4. Fidelity #1.81 current price / 98 kobo EPs = 1.84 PE
20 kobo x 100/ #1.81 current price = 11.04 % earning


5. Zenith #16.75 current price /# 6.65 EPs = 2.51 PE
( 0.30 + 2.50) #2.80 x 100/ #16.75 current price = 16.71 % earning


6. UBA #6.65 current price/ #2.52 EPs = 2.63 PE
(0.20+ 0.80) #1 dividend x 100 / #6.65 current price = 15.03 % earning

7. Afriprudent #4.10 current price / #1.04 EPs = 3.94 P.E
70 kobo dividend x 100 / #4.10 current price = 17.07% earning

Stock with Lower PE mean better performance and the stock that are below their Fair price and higher percentage earning shows stocks that will return faster the capital invested in them.

An investors look for good stocks with lower PE and Stock with higher percentage return earning to their investors.

Skymoore1004:
I meant I have 200k to invest in the NSE stock market. So if eg Dangote is a good one, I can buy 10k worth of shares.

So I’m just looking for the right stocks to buy
I’m a novice in NSE

I will advice you to look for VITA FOAM, UCAP, FCMB, FIDELITY, ZENITH, UBA, AFRIPRUDENT at their discount price come the month of July if you are an investor. But if its for jijo move, consult my friend Perterich, but remember to ask him for reminder when he is bailing out.

Care4:
Please, I need a clarification. I want to move my stocks from an analog broken to my new one with live online access.

I have a copy of inter-member transfer form already. When I'm done filling it, am I the one to take it to both my old (resident) or just submitting to my new broke (target) is okay.

Cc: @Mcy56,
@rabbidoracle
@onegentleguy
@locodemy
@chibuking81

Best transfer and the easiest is to sell all your holding in that stockbroking house and open account with either Morgan capital or CSL. Both are on really time online trading, you can buy stock by yourself and can still sell the same particular stock you buy in the next minute with both of them. I uses both and they are efficient. The standard Union security (SUS) was among the stockbroking firm I used, but they refused to upgraded to digital stockbroking firm, so I sold most of my holding with them, leaving some with them, pending when they will upgrade.

Then if you choose to maintain your current CHN which you got when you open account with your analog stockbroker, then fill it in the form of the new stockbroking firm you want to use, this is because if you have activated e-dividend mandate with that CHN, as you open new account using that CHN number, you don't need to activate again.

locodemy:
Una don get small bail out for this June.
I go still follow una get my own cut before kasala go burst.

locodemy:
Crucial opec+ meeting is tomorrow.
That's what triggered the rise today.

And the meeting will likely end in good note, Saudi Arabia and Russian has shown the sign that both will agree in more one month extension of oil cut.
Oil will likely head to $45/$50 by next week.
https://www.wsj.com/articles/saudi-arabia-russia-agree-to-extend-production-cuts-as-oil-recovers-11591204920

Seriously bull is around the corner. Brent crude oil currently at $42 and Dow moving with 900+ point currently at 27,000+. NSE will likely welcome bull all corner by next week.

https://politicsnigeria.com/breaking-fg-to-lift-ban-on-interstate-travels-presidency/
Interstate movement may resume June 21st

See bear in the market today, it seen to be premature one, another bull will follow the lifting of the interstate ban on movement, then after that we will witness q2 expected bad result bear. By month of July, then from August bull will be returning gradually.

zimams:
Not exactly....
Nigeria has taken a production cut like other OPEC nations to bring about this $40. Based on the production cut we are down to less than 300 million barrels per day as against 1.1Billion per day before this wahala started. So Nigeria is making far less revenue than before.

Excercise caution.....

Best thing is to focus on fundamentally sound stock only. So you can sleep well at night. Economic forcasts into Q4 2020 suggests that we may be headed into a recession.

It is better oil climb to above $40 with the cut, than to produce 3 million per a day without cut and no buyer, because oil will be everywhere looking for buyer.
They make more profit, at $40 with cut, than when it was about $15 dollar without cut, that's why the OPEC and non OPEC agreed to cut, because it favour them, thanks.

And remember, from my latest recovery, the world economy react whenever crude oil drop, including America. Crude oil shows direction. Should in case you see brent crude fall back to $10 ASI will fall too and if crude moves up stock also move, and whatever that affect Dow also affect NSE whether positive or negative.

Josh121:
I lost 25m cos of that guys and peterrich push but in life you win some and gain some. I just laugh each time i see peterrichy here

Sorry about that, in stock you listening to people idea, but follow your mind. To be jealous when someone make 100% doesn't fit in, because that stock that gave him 100% might swallow your entire holding like in the case of Skye bank. Be content with what you have, and in sound stocks where you are, good fundamental stocks will always deliver.

As for me, there is nothing fundamental in UACN unbundling. It's only the REIT will be the better option to invest in.

Uchetoba:
Noted

Please are you the same Ucheson that was pushing 10% holding in Oando some few years back?

sellydion:
@Uchetoba, have you asked yourself if the unbundling is already discounted into current price.

And again
If he can tell us the fair price of the shareholders holdings per a unit after unbundling, I.e in
1. One unit of UACN ( with final year EPs of #1.32 including the property sell, and 10 kobo dividend payment
https://m.marketscreener.com/UAC-OF-NIGERIA-PLC-10372751/news/UAC-of-Nigeria-UACN-to-Pay-Shareholders-N288-Million-Dividend-Despite-Loss-30459059/)
2. Six unit of UAC property ( with negative earning of - 612 kobo × 6 = -3672 kobo, no hope of dividend in the near future)
3. Half unit of UPDC REIT ( with q1 result of 16 kobo, all things been equal with expected final year EPs of 16 * 4 = 64 kobo/ 2 = 32 kobo)

What will be the total worth of the three in 1 unit holding of UACN after the unbundling door has been close?

Note
1. Let 80 kobo current price of UAC property not deceives one. Even if they give 6 to 1 unit, the moment unbundling happening, before your own allotted share will reflect, you will see the stock on 10% loss daily with fully offer no bid, till it reaches 20 kobo carpark with millions of offer continually. Meaning that its as good as not having a stock. in the area of #1.20 with difficult time to bail out.

2. UACN parent company going by 2018 EPs, is with 96 kobo EPs, in the area of #2 stock
3. UPDC REIT is expected to have about 64 kobo 2020 final, then divided by two to get half will give you 32 kobo, in the area of #1.7 because of high % of dividend they pay.

#2+ #1.7+ #1.20 (with difficult in bailing out) approximately = #5. like its over price with their current price.

RabbiDoracle:
Bro,

Dow at 26K.

NASDAQ has made a V-shaped recovery.

https://markets.businessinsider.com/index/dow_jones confirmed

And Brent crude tested $40 today, and currently at $39.62 https://oilprice.com

That is good and positive news for bull return, q2 result might delay the bull a little, but q3 and q4 will likely welcomes it.

Godlylifeoneart:
My big bra,
The more we look, the less we see.
How much did ignis paid for FORTE?
N66./UNIT
How much is forte today?
Don't be surprised, this core investor is benefiting from one of the lucrative supply chains in UACN.
They only invested the profits made from uacn to invest in UACN.
About 30 to 50 million units of UACN sold between Jan and may this year was disposed by core insiders (NSE corporate alert is the source)
Why were they selling?
When the dramatic unbundling that will unlock the potential of UACN is just around the corner.
Today, ignis is smiling to the bank.
For ignis to have paid N66 for Forte oil, one would have staked his destiny on the Northward trajectory of the company, today, the book value of Forte oil is N22-24.
My brother, it is risky to trust what we do not have a control over.
Fundamentally and technically speaking, uacn best journey is Circa 8 to 12.
This is only possible if the Negative eps of 2019 financial year could be reversed.
We are talking of a company that is paying index dividend with money realized from sale of equity to imperial logistics of South Africa in MDS logistics.
Somehow, I am of the view that UACN asset is overstated why debt is under-reported. I hope I am wrong.
Reason being that UACN has not made a significant profit in the last 3 years.
All the rights issue were used to offset recurrent expenditures. (SALARIES AND WAGES) of corporate exuberance.
It is a pity, the hx of UACN is embarrassing to shareholders.
Many subsidiaries are dead, now in archive of history.
Textile DIV... Dead
Africa Timber and plywood DIV... Dead
Automobile DIV... Dead
Tractor and equipment dvsn... Dead
Kingsway.... Dead
A J Seward..... dead
We are hoping for the best and a dramatic turn around for this company.
May the new management succeed in achieving their new vision and mission for UACN.

Well said, am still looking for what exactly made UACN all of a sudden, beautiful bride? I cannot see, all am seeing is that they want to set UPDC REIT free and finally celebrate the funeral ceremony of UAC property at car park of 20 kobo and thereby possibly return the parents company to #1 territory.
Forward looking statement, after all these, REIT will be the best place to invest after their 100% freedom.

https://businesspost.ng/economy/unbundling-from-updc-may-not-happen-july-uac-nigeria/amp/

Some that are marketing this are not long time investors, it will also be good to tell their faithful when they are bailing out. Because it might be suicide mission if unbundle door close against someone in this journey. UACN ( the parent company) made #1.32 in 2019 final year result which sells of their belonging was part of it they paid just 10 kobo dividend, and in their previous year before last year, they made EPs of 96 kobo, meaning that the strength of their EPs is within that of Caverton, NPF, FCMB and Fidelity

Their child UACN property upon the huge money poured into them, the money gotten from the right offer, they still report negative earning of -612 kobo in their 2019 final year result, their grand child UPDC REIT where the hope lies has 16 kobo in their 2020 q1 result.

And from the unbundle UACN share holder will get 0.5 of every one share held in the parent company. Meaning if you have 1unit of UACN you will be allotted half unit of REIT, and 6 unit of UACN property.

The question is this when the unbundle door closes, before final separation, will one be opportune to bail out from The UACN Property, that's why
one of the stock market analyst put them at 20kobo worse case scenario that is #1.20 for 6, at that can one be opportune to bail out, then since the beautiful bride has let go, where can parents company find its fair price maybe at #3/#4. The onions them will remain the half of UPDC at #1.7.

https://oilprice.com
Brent crude oil price has cross $40 per a barrel, and will likely see $50 buy July. Hope is gradually returning back to market. The investors are on the part of greatness.

https://oilprice.com
Wonderful crude oil price heading to $40