₦airaland Forum

veecovee:
Pls sir, can I have this website?

yochaa, you can download it from playstore

jamace:
Where is FTNCOCOA?

Need more oxygen to move, still at 52k junction

New update

Market update

Axa mansard has done 10% today again

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Mcy56:
Thanks so much Longlife.
You've always being helpful in these calculations.
Guess you also play insurance.

some time

Mcy56:
The bonus is 240%
Divide 2.20 (closing price) by 2.4 = 0.92

...but when I divide closing price by 3.42 = 0.64

I don't know where the 3.42 came from anyway.

By the time bonus is added and reconstruction price adjusted, it will make more sense I blvd.

Mansard is currently on full bid........any price below 90kobo should be good to go.........this is just my opinion, I never check their numbers.

The share closed yesterday with N2.20.
so multiple 7 by the closing price 2.20 it will be N15.4.
for every 7 shares you get additional 17shares making 24shares.
when you divide N15.40k by the new alloted shares 24, it will give 64k.
(15.4/24=.64k) this is how they arrived at 64k. this is the first leg of the reconstruction.

Mcy56:
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.

Are you saying the price will be N12? no, i only use the nominal value of the share to arrived at that price. Market will always determine the price of a share. The only good thing about the reconstruction is that the share is now fewer than what it use to be which will have a positive impact on the EPS with16.66%.
if Q3 Eps is 50kobo, after reconstruction it will 58kobo.

OBAGADAFFI:
That's with the assumption that the value don't dip below N2.

From experience market can adjust the price to N1.

Share Reconstruction don't always favour shareholders.

yes that i know

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.

emmanuelewumi:
They need to plough back into the business, they equally raised about N10 billion through bond late last year which they invested in the capital market and other underpriced assets and Investments. They will liquidate the bond in 5 years time.

They need to put about N2 billion into a sinking fund every year towards the liquidation of the bond, they will also need about N1.2 billion every year towards payment of coupons to the bond investors.

I don't think this is the right time for them to increase their dividend payout. 50k dividend by United Capital is still okay

thanks very much for these other information.

UCAP may likely pay above 60k if you go by the dividend yield of last dividend of 60%.
2020 epsttm 95k
2019 eps 83k

[quote author=Mcy56 post=96458454]Cant get the document.
I knew of NEMs, which is 23rd Nov.
Can you post the link to that of Mansard. Thxs.[/quote

]
they have change the date to 14th December, 2020

http://www.nse.com.ng/Financial_NewsDocs/31934_ZENITH_BANK_PLC%20_QUARTER_3_%20_FINANCIAL_STATEMENT_FOR_2.pdf

TRANSNATIONAL CORPORATION OF NIGERIA PLC-PRESS RELEASE - TRANSCORP ACQUIRES AFAM POWER

http://www.nse.com.ng/Financial_NewsDocs/31864_TRANSNATIONAL_CORPORATION_OF_NIGERIA_PLC%20PRESS_RELEASE.pdf

http://www.nse.com.ng/Financial_NewsDocs/31844_HONEYWELL_FLOUR_MILL_PLC%20_QUARTER_2_%20_FINANCIAL_STATEM.pdf

http://www.nse.com.ng/Financial_NewsDocs/31843_PRESCO_PLC%20_QUARTER_3_%20_FINANCIAL_STATEMENT_FOR_2000_F.pdf

http://www.nse.com.ng/Financial_NewsDocs/31842_JAPAUL_OIL_AND_MARITIME_SERVICES_PLC%20_QUARTER_3_%20_FINA.pdf

http://www.nse.com.ng/Financial_NewsDocs/31835_NEM_INSURANCE_PLC%20_QUARTER_3_%20_FINANCIAL_STATEMENT_FO.pdf

http://www.nse.com.ng/Financial_NewsDocs/31834_S_C_O_A__NIG_PLC%20_QUARTER_3_%20_FINANCIAL_STATEMENT_FO.pdf

http://www.nse.com.ng/Financial_NewsDocs/31833_LIVESTOCK_FEEDS_PLC%20_QUARTER_3_%20_FINANCIAL_STATEMENT_.pdf


http://www.nse.com.ng/Financial_NewsDocs/Okomu%20Oil%20-%20Q3%202020%20Accounts.pdf

I just help open 6000 page

http://www.nse.com.ng/Financial_NewsDocs/31515_UNION_DICON_SALT_PLC%20_YEAR_END_%20_FINANCIAL_STATEMENT_.pdf

BullBearMkt:
There was stock split for Tesla & appl stocks effective yesterday.

ok thanks, I was surprised when i saw massive drop

i just saw this, tesla drop from over $2250 to $450. Is this possible?

Letter to all bank on minimum interest rates on savings account.

Jerekre:
http://93.174.95.29/main/1548EB783753BF0BABDEC5387B65D2E9

Thanks very much

ositadima1:
Dangote Cement revenue has been growing by an average of 16% year after year for the last 5 years, but their EPS does about 2% on average. It seems dey are not that efficient. I though they had moat in the industry.

I have been reading Rule #1 by Phil Town and I am finding it very interesting. Trying to wrap my head around the CDF calculations, mad o.

could you please share the book if you have the soft copy. many thanks.

http://www.nse.com.ng/Financial_NewsDocs/31101_AXA_MANSARD_INSURANCE_PLC-_QUARTER_2_-_FINANCIAL_STATE.pdf

Nice one from axa mansard

Justcul:
UACN how market?

bad market