₦airaland Forum

yMcy56:
You don't have to panic if you have Lasaco however.
The units you have will be divided by 4 and the price will be multiplied by 4.

For instance, if you have 40,000units, after reconstruction it will become:
40,000÷4 = 10,000units (post reconstruction)

The price will change by then:
Closing as @ today = 0.42kobo
Post reconstruction price = 0.42 X 4 = 1.68kobo. *Modified*

So you have nothing to loose.

** I suspect that Lasaco may likely come up with BONUS issue after the reconstruction or DIVIDEND which will become gain for you by then.
** So don't take any action in haste after suspension is lifted.

@bbwing apologies for my misleading post. I was just seeing bonus in insurance stocks.

@yMcy56 Thanks for the breakdown. I bought at 37K that means I am good right?

bigjay01:
bonus? you must have read it upside down

It was for share reconstruction which was always in the works anyway

I missed the share reconstruction news. Thanks

Llizyy:
Shares reconstruction

We wish to inform our esteemed Shareholders and the General Public that
following the approval of the shareholders of LASACO Assurance P1c. ("the
companylLASACO", .t the 39t1t Annual General Meeting of the company held
on 8th october, 2or9, the company has obtained regulatory approvals to
reconstruct its issued and fully paid-up Share Capital of 7 ,334,343,421 Ordinary
shares of S0kobo each in the ratio One (L) new Ordinary share for every Four (4)
Ordinary shares previously hetd by the shareholders of LASACO Assurance Plc.

it implies bonus na[/quote

My bad. I though it's 1:4 bonus o

Bbbwings:
Sir is it really bonus

We wish to inform our esteemed Shareholders and the General Public that
following the approval of the shareholders of LASACO Assurance P1c. ("the
companylLASACO", .t the 39t1t Annual General Meeting of the company held
on 8th october, 2or9, the company has obtained regulatory approvals to
reconstruct its issued and fully paid-up Share Capital of 7 ,334,343,421 Ordinary
shares of S0kobo each in the ratio One (L) new Ordinary share for every Four (4)
Ordinary shares previously hetd by the shareholders of LASACO Assurance Plc.

it implies bonus na

Lasaco to issue bonus of 1 for 4 and trade suspended for two weeks starting from Monday.

Please what is the qualification date for the bonus as it was stated in the letter?

http://www.nse.com.ng/Financial_NewsDocs/32276_LASACO_ASSURANCE_PLC%20NOTICE_OF_SHARE_RECONSTRUCTION_C.pdf

emmanuelewumi:
Should be able to pay a final dividend of between N2.60k and N2.70k

We hope so.

Huge volumes sold in Union bank. It seems the Mara guys are lying.

Myhelper1:
You're doing a good job. I followed your advice to do dd and I was able to key in almost 1m units @26.15 junction.

Uh! That's almost 26Million. Omo money dey here o

mumu9gerian:
who can help analyze this result?
http://www.nse.com.ng/Financial_NewsDocs/32253_GUINNESS_NIG_PLC%20_QUARTER_2_%20_FINANCIAL_STATEMENT_FOR_.pdf

bad

Mcy56:
STANBIC: Up with N2+! ......46.60!

PORTPAINT: Sighted at 3.19!
Has the Toerms of Merger changed? We find out soon.....

ZENITH:. Sighted @27!

GTB: Sighted @34!

@119mba
Thanks for the article. That's the same one I was referring to.

The reason for Zenith rally. Declaration of dividend .

http://www.nse.com.ng/Financial_NewsDocs/32251_ZENITH_BANK_PLC%20ZENITH_BANK_PLC__CORPORATE_ACTIONS_JAN.pdf

OBAGADAFFI:
Infoware

Downloaded. Nice app. Thanks.

OBAGADAFFI:
Compared with industry pairs, it is still cheap.

Which app are you using to view this data?

OBAGADAFFI:
Lafarge’s profit margins as at year end 2019 was equivalent to 54 percent on revenues of N212.9 billion and net income of N115.1 billion. Lafarge had onetime gains from the disposal of its South African operations in the period.

Thanks. I make decisions using dividend yield though. Wapco at current price is not attractive to me anymore. I left earlier with 100% profit and can't jump back in now with the projected dividend yield.

megawealth01:
What's happening to CADBURY... Why South? Is result out and poor?

Unaudited result is out and it is poor

OBAGADAFFI:
If you have enough money buy more WAPCO

Why please? What are your projections like?

emmanuelewumi:
Paid 59k in November 2020, UPDC earned about N1 billion dividend from UPDC REIT in November 2020.

Unfortunately UPDC did not generate enough revenue that can take care of their running cost


Wole Oshin is a professional marketer, I see him focusing on housing units of N20 million and above which the average Nigerian workers can afford. With this they can increase their revenue from about N3 billion to N20 billion or more in the next 5 years.

With about 20 million housing deficits in Nigeria, assuming just 1 million are viable at an average cost of N5 million for low cost houses that is a market of N5 Trillion for players in the sectors over a period of 10 years.

PENCOM may need to allow workers to borrow against their pension contributions for house ownership, rather than FG borrowing the pension funds through sovereign bonds.

Thanks boss.

onegentleguy:
On the part in bold...
In the short term, cant say much until I see their YE 2020 FP.
In the mid to long term, yes UAC-PROP can ride on some benefits if management are proactive and efficient.

It is well.

Boss when last did UPDC reit pay dividend? I only saw 58k for 2019

yMcy56:
Me I don sell mine o, just watching it to come down but the stock stubborn small.......e refuse to fall....

I don join you jare.

samguru:
Why do you want to sell when investors are still bullish on the stock?

I don't know how long the bull will last and if I sell now I will be making a little over 100%

When will AIICO credit our account with the bonus now?

Saw my bonus with Axamasard. Don't know whether to sell now or wait after reconstruction.

samguru:
I was at United Securities Ltd(registrar to AIICO) on Friday, I was told the company has not instructed them to credit shareholders accounts with the bonus issue.

Alright. Thanks.

Has anybody received AIICO bonus?

yMcy56:
Which price are you talking about?
It's Neimeth we're talking about ooo. Dividend was more than the share price!

Reason I asked if it's special dividend, if it's true, then Neimeth will fly nah...
We needed clarification here...

Check again. Dividend is 6.5kobo while price N2.2 which translates to like 3%

bigjay01:
These Custodian guys really mean business

http://www.nse.com.ng/Financial_NewsDocs/32118_UACN_PROPERTY_DEVELOPMENT_COMPANY_PLC%20UPDC_ANNOUNCES_R.pdf

#GetRidOfNonPerformers

With the two new non executive directors, the company is in good hands.

Despite the global challenges, 2020 was a good year for us. Almost all decisions taken this year aligned adequately. Hoping for a better 2021. I wish every one of us a more fruitful 2021.

Signing out for the year.

Jochez15:
Ok thanks.
All this people dumping, I don't think they know.

Lol. I was about to join them. I had to retrace and wait for comment here

rebekah2011:
However, following the Federal Government’s announcement of a public holiday on the said
December 28, 2020, we are pleased to inform the shareholders that the qualification dates for
both bonuses are now being moved to the next working date being December 29, 2020 i.e. from
28 December 2020 to 29 December 2020.

I think one has to be very careful when dealing with AIICO shares.. The listed shares outstanding as at today is 20,673,265,406 units. As at Q3, the outstanding shares in the unaudited financial statements was 11,330,202,920 units. How this has grown to 20,673,265,406 units as at today is beyond me. Please note that the 2 bonuses of 1 for 8 and 1 for 5 is even yet to be effected. Please deal with the shares of the company with a lot of caution.

Thanks for this

The increase should come from the right issue.

Jochez15:
As the qualification date for aiico bonus have passed, is it still advisable to continue holding aiico?
If you sell now, hope you will get the whole bonus?

The qualification date was yesterday which is a public holiday. I don't know if it will automatically be shifted to today.

longlife20:
ADDENDUM TO EXPLANATORY NOTE PROVIDED TO SHAREHOLDERS OF AXA MANSARD
INSURANCE PLC (“AXA MANSARD”) ON MATTERS OF THE CAPITALISATION OF ITS
RESERVES THROUGH A BONUS ISSUANCE OF SHARES AND THE SHARE RECONSTRUCTION

https://drive.google.com/file/d/1GhZN6niuFraQBHuULTS8kAxJ1x8kXU3d/view

Thanks for this explanation.

Covid: US Congress passes long-awaited deal for coronavirus aid
https://www.bbc.com/news/business-55324489

OBAGADAFFI:
Yes, the Nominal value will be times 4.

But will the market value automatically be times 4?

Has anybody received Axamasard bonus?

Mcy56:
Obagadaffi come oooo....or who is with me on Mansard?
Did you see price after bonus markdown? 64kobo?
When is the reconstruction taking place and when are they adding the bonus?
......but to get Mansard at this price will pay off in my opinion sha.....
If you have Mansard don't sell at loss o.
At 70kobo is okay to me anyway.

Which kind markdown is this?
How did they calculate the markdown price?