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UMM Stock pick of the week, Royal exchange plc jumps 10% on Friday now trading at N0.22 as predicted more upside to come

UMM Stock pick of the week, Royal exchange plc jumps 10% on Friday now trading at N0.22 as predicted more upside to come

Royal exchange plc jumps 10% on Friday now trading at N0.22 as predicted more upside to come

It's actually 39 firms now

The Nigerian Stock Exchange has expelled 35 stockbroking firms. The exchange disclosed this in a notice published in today’s edition of the Punch newspapers. Here are the affected firms

Andruche Investments Plc
Angela Eccies Limited
Associated Trust Investment and Finance Limited
Beaver Securities Limited
Betraco Securities Limited
Cobal Ventures Limited
Financial Intermediaries Limited
Corporate Focus Securities Limited
GF Securities Limtied
IB Finance Limited
Intergrated Securities Limited
Integrated Ventures Nigeria Limited
Intercommerce and Consultant Limited
Investment and Capital Development Company Limited
Investment Trust Company Limited
Kamrash Securities Limited
Lakeside Asset Management Limited
M and F Investment and Securities Limited
Milestone Investment and Securities Limited
Millennium Investment Trust Limited
Moji Securities and Investment Nigeria Limited
Morgan Trust Asset Management Limited (formerly known as IMB Morgan Plc/IMB Securities Limited).
Multibank International Securities Limited
Nationwide Fiannce and International Securities Limited
Novelty Investment Limited
Optimus finance and securities Limited
Pabod Finance and Investment Company Limited
Pabofin Securities Limited
Path Securities and Investments Limited
Shiroro Finance Limited
Tassel Finance and Investment Limited
Unique Securities and Finance Services Limited
Upper Credit Securities and Investments Limited
WellsFargo Capital Limited
Westland Investment Limited

Insurance insider

About Royal Exchange

In 1918, Royal Exchange commenced operations in Nigeria represented by Barclays Bank DCO and in 1921 converted to a full branch of its then parent company, Royal Exchange Assurance, London.

The company was in December 1969, reconstituted and incorporated as a Private Limited Liability Company. The company went public on 18 July 1989 and was duly listed on the Nigerian Stock Exchange (NSE) on December 3 1990. The share price is currently trading on the floor of the stock exchange at ₦0.20.

Royalex is already trading at N0.21 this morning. I see further upside for this undervalued company

Stock pick of the day

Royal exchange plc: Royalex

It's a dark horse currently trading well under it's value at N0.20 per unit. I see a lot of upside in the recent future for this well managed but greatly undervalued company.

I will be posting undervalued stocks based on my analysis on this thread. Feel free to comment on my analysis below.

Lasaco assurance about to be purchased by a foreign firm could be the beginning of a good rally

With its global bow now at a record $529 million, “Star Wars'” box office success will undoubtedly afford its cast members heftier pay cuts on their next projects. But just how much money did “The Force Awakens” actors earn to join a galaxy far, far away?

Sources tell Variety Harrison Ford came away the big winner on Disney and Lucasfilm’s sequel with a paycheck in the eight-figure range ($10 million to $20 million) to reprise his role of Han Solo.
On Monday, the Daily Mail issued a report saying that Ford earned a staggering $25 million to return to the “Star Wars” franchise. A Disney insider tells Variety the story is completely false and way too high but other sources did confirm that the 73-year-old actor earned a substantially larger cut than his co-stars.

Mark Hamill and Carrie Fisher took home salaries in the low-seven-figure range, according to sources. Newcomers John Boyega and Daisy Ridley were paid in the low-six-figure range ($100k-$300k).
Adam Driver and Oscar Isaac, meanwhile, received offers of mid- to high-six figures. Because Driver and Isaac had fixed quotes from previous film and TV work, sources say their deals were negotiated higher compared to Boyega and Ridley, who, for the most part, had never appeared in a large-scale film before.
Insiders tell Variety that Disney made a decision in 2014 prior to casting the new roles to create a “legacy pay scale” intended for talent like Ford, Fisher and Hamill, who had previously been a part of the “Star Wars” universe, and general pay scale for actors that would be appearing for the first time.

[WARNING – SPOILER ALERT: If you have not seen “Stars Wars: the Force Awakens” do not read any further because of plot details below.]

Hamill and Fisher’s salaries are expected to rise in upcoming installments as their parts grow with each film.
The salaries don’t include back-end bonuses from the pic’s box office haul that in a rare case doesn’t even kick in till the film crosses $1 billion worldwide, and following the success of “The Force Awakens,” deals are expected to be renegotiated before the next films get underway.

While Ford is considered the biggest star in the ensemble, the No. 1 reason the actor walked away with the most money had to do with the fact that this would be a one-off situation for him (MAJOR SPOILER), since his character dies in “The Force Awakens.”
As for the younger talent receiving lower salaries — it’s a fairly common practice in today’s market for newer actors, especially with so many negotiations involving back-end box office bonuses. For the first “Fifty Shades of Grey,” stars Dakota Johnson and Jamie Dornan received offers in the six-figure range and have since renegotiated multimillion-dollar deals for future installments.

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[url] http://naijalynx..com/2015/12/while-new-starwars-actors-were-paid.html [/url]

Runaway Abobaku Has Been Found Hiding In Ooni's Palace

go to for full story

LONDON (AP) — Chelsea manager Jose Mourinho signed a new four-year contract on Friday ahead of the London club starting its Premier League title defense.
The 52-year-old Portuguese returned to Chelsea in 2013 for his second stint in charge and ended the team’s five-year Premier League title drought in May.
“If the club is happy, I am happy,” Mourinho said. “It is important we have this continuity and I hope we can enjoy more success in the future — for the fans, the players and the club.
“I said when I returned here two years ago that I have a special feeling for this club and nothing changed. It is the club closest to my heart and I am very happy to know I will be staying here for a long time.”
The new season begins on Saturday against Swansea, with Mourinho looking to win back-to-back titles as he achieved in 2005 and 2006.
“We are very happy that Jose has committed four more years to the club,” director Marina Granovskaia said. “Since his arrival two years ago he has carefully developed the playing squad and brought trophies to Stamford Bridge.
“We look forward to the next four years and the continued success of the team.