₦airaland Forum

BMZK:
I just got mine.
Confirmed.

Do you have a Zenith bank account?

Does your surname start with letter A to C ?

Aks:
Can you let us know when Zenith Bank dividend hit your acct? I am still expecting mine

You should get your dividend in the next 24 hours.

BUSHHUNTER:
She actually borrowed the range and now the owner has it back.



Fake biatcch she is.

I hope she insured the car against theft.

manie:
Nature, terms and conditions of transactions with related parties
The company enters into transactions with Heirs Holdings Limited which owns 3.84% of Afriland
Properties Plc shareholding. The sales to and purchases from related parties are made at normal
market prices. There is no record of any impairment of receivables relating to amounts owed by
related during the year. Due from related party represent the fee outstanding for project
supervision.
Tony Elumelu Foundation (TEF) is a non-governmental and not-for-profit organisation that was
established to transform communities that have been ravaged by natural disasters, hazards and
conflicts into thriving and economically sustainable communities. The Founder of TEF is the
current Chairman of Heirs Holding Limited which owns 3.84% of Afriland Properties Plc
shareholding. Afriland Properties Plc does Community Service Responsibilities projects up to 2%
of its profit before tax through the foundation.

What type of agreements are our corporate managers signing on behalf of themselves and the companies they are managing.

You control the board, you are earning your technical services fees, some of the contracts may also be awarded to him or his companies, yet you want 2% of the profit before tax to be channeled through your NGO and Foundation.

Is it a bad idea for Afriland to have her own Foundation, or send her donations to NGOs that do not have dealings with the firm and the managers?


Does it mean that some of our corporate managers have not heard of conflict of interest?


http://www.stockmarketnigeria.com/forums/real-estate-investment-trusts-reit/3526-afriland-properties-6.html#post275861

manie:
Just going through the 2105 financial report of AFRILAND and found out that administrative expenses, which is more like the security votes of top management went down by about 35%.

We can not afford to keep quite, let us talk and speak our minds, perhaps God may use that to touch the minds of our corporate managers.


The AGM came down from N114 million in 2014 to N68 million in 2015


Consultancy fees came down from N32 million in 2014 to N10 million.

Donations came down from N85 million to N8.5 million, NB about 90% of the donations went to the Foundation and NGO of the oga at the top.


Technical service fees went down from N121 million in 2014 to N110 million in 2015.

In all administrative expenses went down from N1 billion in 2014 to N652 million in 2015.

A lot needs to be done by management towards creating wealth for shareholders, but I think a journey of a 1000 mile starts with a step

Nature, terms and conditions of transactions with related parties
The company enters into transactions with Heirs Holdings Limited which owns 3.84% of Afriland
Properties Plc shareholding. The sales to and purchases from related parties are made at normal
market prices. There is no record of any impairment of receivables relating to amounts owed by
related during the year. Due from related party represent the fee outstanding for project
supervision.
Tony Elumelu Foundation (TEF) is a non-governmental and not-for-profit organisation that was
established to transform communities that have been ravaged by natural disasters, hazards and
conflicts into thriving and economically sustainable communities. The Founder of TEF is the
current Chairman of Heirs Holding Limited which owns 3.84% of Afriland Properties Plc
shareholding. Afriland Properties Plc does Community Service Responsibilities projects up to 2%
of its profit before tax through the foundation.

https://www.nairaland.com/3032785/how-lost-job-because-customised



I'm really not gonna bore you with how the whole interview went but it actually was going well until I was asked to give my facebook Id....

Considering how the hr was enjoying my response to his questions, I happily told him my facebook Id. Putting the name in the facebook search box, nothing of such was shown, he(hr) then said I shld spell it and I did that without a second thought(I never knew customising a facebook id is a job seeking crime). After spelling daniel omoniyi(not real name) as dhaniehl homohniyhi, the man said " I'm so sorry, we can't hire you".
I was so confused that I had to ask him why, and he said " your facebook id look unserious and fake, please use the door".

This is one of the little things we job seekers do not pay much attention to. If someone had opened that account for me, perhaps I will be looking for a way to kill the person now.

Still trying to get over losing a job over "just" a facebook Id.

Lesson learnt anywaiz.

Just going through the 2105 financial report of AFRILAND and found out that administrative expenses, which is more like the security votes of top management went down by about 35%.

We can not afford to keep quite, let us talk and speak our minds, perhaps God may use that to touch the minds of our corporate managers.


The AGM came down from N114 million in 2014 to N68 million in 2015


Consultancy fees came down from N32 million in 2014 to N10 million.

Donations came down from N85 million to N8.5 million, NB about 90% of the donations went to the Foundation and NGO of the oga at the top.


Technical service fees went down from N121 million in 2014 to N110 million in 2015.

In all administrative expenses went down from N1 billion in 2014 to N652 million in 2015.

A lot needs to be done by management towards creating wealth for shareholders, but I think a journey of a 1000 mile starts with a step

RedCapChief:
The fact that BCG has opened an office in Lagos speaks to the endless possibilities for wealth creation in this country.

The octopus disagrees with you, and you know the octopus cannot go wrong.

zendi:
I'm sorry regarding equity assurance.......I read that upside down.
You're my man.

But we really are making money this year.

No problem, definitely we are making money but we should not rely solely on the stockmarket. The stockmarket is just one of the vehicles that will take us to our wealthzone.

http://nairametrics.com/alert-oando-confirms-its-auditors-have-issues-with-its-financials/



Oando Nigeria Plc issued a press release last week that it will not be able to release its 2015 Annual Reports on schedule because of a clause in Rule 5 of the Financial Reporting Council of Nigeria.

The Management of Oando PLC would like to advise our valued shareholders, key stakeholders, and wider investor community that from available indications we are unlikely to complete our 2015 audit and issue our audited accounts on 31 March, 2016, as required by The NSE Rules (the Rules). We have worked diligently with our external auditor, Ernst & Young (“EY”) to ensure a swift conclusion to the audit process. However, after reviewing the financials, EY indicated that the Accounts may likely need to be referred to the Financial Reporting Council of Nigeria (“FRC”) pursuant to Rule 5 of the recently publicised FRC Rules. We expect the process to be concluded on or before 31 May, 2016, however this is dependent on the completion of the external review process as referred to above.

zendi:
Yet people keep making money this year !

Why are you looking for somebody to relieve you of your junk equity assurance load?
Didn't you check its fundamentals b4 you bought them?

Due diligence and fundamentals are not perfect safeguards against the unknown, unforeseen and unforeseeable
contingencies.

Please read, understand and digest my post before making comments or mentioning me, I do not own Equity Assurance stock.

A guy wanted to sell Equity Assurance on another thread, and another guy wanted to buy on from this thread.



https://www.nairaland.com/3026003/500000-units-equity-assurance-sales




https://www.nairaland.com/1131485/nigerian-stock-exchange-market-pick/1483

Hi Guys,

I'm in need of Equity Assurance Plc shares in very large quantity - from 1 million units and above.

If you have below 1 million units, depending on the location of the shares and the logistics, then we might deal.

Take this offer and opportunity of a life time to offload and cash in.

Please call me on 08166621418.


The person who wanted to buy was Kaboninc and the seller was edwardaigb.

That is why some of us do not invest in penny stock for the sake of being penny stocks, but for the sake of the fundamentals, liquidity, growth potential and managerial competence.



https://www.nairaland.com/3026003/500000-units-equity-assurance-sales#44416224

edwardaigb:
crossing the stock is not a problem as my trading house is very credible. I have need for cash that's why i'm selling this, i can assure you that something big is cooking at Equality Assurance and liquidity will soon be history. I have had discussions with some people unfortunately have not agreed on price.

There is a difference between trading with a credible house and trading with one of the big houses. A credible house may not be big, but a big house is usually credible.

kaboninc:
You can't pledge that stock as a collateral and considering the quantity, going lower than 30k is best.

Here's the reason.

As soon as a majority shareholder gets in or a prospective investor shows promising interest, they'all reconstruct the shares for on a mediocre basis. The new price will then be listed and traded. If you still don't sell, you'll watch before your eyes how the price will go down.

I've sold 2.7mill @ 0.30k and it was in the same broking firm. Not to talk of less than 600k domiciled in another broking firm.

Just trying to encourage him to keep hope alive.


I thought you wanted to buy, why are you talking about selling 2.7 million units of Equity Assurance

edwardaigb:
I am asking for 0.38k per share knowing that getting 0.50k might be difficult for now. Anyone interested should reach me on the number above.

If you really need money, you have to come down to N0.10. If I may ask is that the only stock in your portfolio, sell the liquid ones and use the money made for what you want.

kaboninc:
I've discussed with the OP. However, we did not agree on the price.

What price does he want, anything between 30k and 40k is not bad

edwardaigb:
crossing the stock is not a problem as my trading house is very credible. I have need for cash that's why i'm selling this, i can assure you that something big is cooking at Equality Assurance and liquidity will soon be history. I have had discussions with some people unfortunately have not agreed on price.

What is the difference between crossing and selling, I guess i do not understand you. Pledge your stock as a collateral and get a loan, if you have anybody that wants to buy your Equity Assurance for 50k per you better grab the opportunity.

OBAGADAFFI:
I understand your point

Nestle (-1.43%) 10N
NB (-3.6%) 3.8N

The percentage loss in NB is more than NESTLE. But the volume loss in NESTLE will hurt any portfolio.

A 5% loss in FCMB and FBNH won't move me much. But 2.5% loss in Seplat or NESTLE will drive me crazy.

Just check the price decline in NESTLE vs FBNH from last year.


You will understand why most penny stocks are better

i still do not get you. The price of 1 Nestle stock is about N700, while the price of some penny stock is 70k.

1 Nestle stock has the same value with about 1000 penny stocks.

5% loss in price of Nestle and 5% loss in price of the penny stock is the same, the value of both stocks will be the same after the 5% depreciation in their prices.

Eventhough 5% loss in Nestle stock is N35 and 5% loss in the penny stock is 3.5k

OBAGADAFFI:
Yes o.

Penny stocks are the real deal now. And the are safer than the priced stock, cos the risks are low.

Imagine Nestle losing as much as 10N on floor

You look at the loss in terms of percentage Nestle losing N35 is about 5% loss, but a N5.00 stock losing just 50k is a 10% loss. That means the N5 stock lost more in terms of value and percentage.

Coolcash1:
This is not news to those who have been following developments right from when the crude oil price shock. Yours truly have also raised awareness on this forum to prepare the minds of people of what lies ahead.

This is my fear also for FBNH. I expect the value of loans in such similar category to be far higher than what fidelity has reported. This is because judging by the deep involvement of the former in oil and gas deals as lender with the biggest tickets in most of the financing arrangement, earnings is expected to go south and a swelling NPL dotting the landscape of its SFP..I can count like minimum of 3 big deals it participated in and had the highest exposure.

We are watching.

Thanks for the insight, it is not enough to keep on praying or singing " we are making money this year", we need to be informed about the fundamentals behind the stocks we are investing in and be knowledgeable about the relevant news and information about our companies.

edwardaigb:
I'm having over 500,000 units of Equity Assurance in my cscs acct for sales. Any interested person can reach me on this number. 07061385206.

https://www.nairaland.com/1131485/nigerian-stock-exchange-market-pick/1483




Hi Guys,

I'm in need of Equity Assurance Plc shares in very large quantity - from 1 million units and above.

If you have below 1 million units, depending on the location of the shares and the logistics, then we might deal.

Take this offer and opportunity of a life time to offload and cash in.

Please call me on 08166621418.

kaboninc:
Hi Guys,

I'm in need of Equity Assurance Plc shares in very large quantity - from 1 million units and above.

If you have below 1 million units, depending on the location of the shares and the logistics, then we might deal.

Take this offer and opportunity of a life time to offload and cash in.

Please call me on 08166621418.

https://www.nairaland.com/3026003/500000-units-equity-assurance-sales



I'm having over 500,000 units of Equity Assurance in my cscs acct for sales. Any interested person can reach me on this number. 07061385206.

edwardaigb:
The shares is still available

Who are your stockbrokers? If you trade with one of the big houses, they may be lucky to cross the stocks for you. But insurance stocks are currently highly illiquid.

BaconSandwich:
Your lecturer dey Nairaland. Just to let you know

I am on Nairaland.

Femikutti:
Something happened today in school, in my lecture room when my lecture was going on, i forgot to put m phone on silence instead i reduced the volume thinking i already put it on silence.

My ring tone is a banging one, erm this DBANJ new song "Emergency" chai it is a crazy something, whike the lecture was going on, that how my mummy called me, i know you people will be expecting it to be a girl lol, am single oooo and serching.

So that how my sweet mother called me and gosh am using a phantom 5, you know how crazy the speaker of that phone can be especially when a place is that quiet, nothing else was sounding except my lecturer and my phone.

As the call came in i heard "EMERGENCY EMERGENCY THEY NEVER SAW ME COING THROUGH" immediately i knew it was over cause the leacturer could trace wia the unique sound was coming from and he asked me to come out wit the phone.. and i told him i was sorry that it was my mum that called, then agreely he asked me to go back to my seat but i should see him in his office after the class.

then when i got to see him in is office, he was like dont let that rubbish that happened today happen again ooo, and i was like yes sir, then he funnyly(if dia is any english like that) asked me what the name of the phone, i told him it is a TECNO PHANTOM 5 sir and he said are you serious? i said yes sir, he said what are the specs and i showed him all the specs.

My lecturer was surprised, he was like a china phone with all this good qualities, he then asked me for the price and i told him 82,000 lol, immediately he transfered the sum of #82,000 to my account to get it for him berore coming to class the next day..

And hope you people not thinking that am a theif sha lol.. the phone is 62k in 3cHub at ikeja, so 82000 - 62000 = #20,000 messelinius lol...
I pray he never finds out, so i will not end up getting an extra year lol

Femi if you love yourself, you better return my change of 20k to me when you get to campus. I just checked the price of the phone on the internet and you have the audacity to write what transpired in the class on Nairaland. I am a nice lecturer, but I will not allow my students to play a fast one on me.

See you in school tomorrow.

mercylicious:
i wonder if there is any news in short term that will move transcorp. a coy dt did not deem it fit to give the shareholders even 1kobo as dividend.

What will 1k dividend do to you, but the company still gave a bonus of 1 for 20.

Babejay:
My name is Janet Olushola. I don't want to bore you with my story but I have been helping myself since Jss3, I have been independent but of recent things have become difficult. I finished school since 2014. I want to further but no money. Please, all I need is a job to help myself to further my education.
Thank you.

What type of work can you do?

Are you in Lagos?

ExLaidback:
Only the NSE makes me look forward to Mondays.

What are you buying on Monday? I bought FBNH for N3.05 last week, I hope to buy more on Monday.

manie:
His exposure was about N16 billion as at 31st December 2014.

The Chairman equally increased his shareholding from 116,067,153 as at December 2014 to 189,851,584 in December 2015.


His indirect shareholding through Heirs Holding and Heirs Capital increased from 1,432,429,576 in 2014 to 1,883,024,416 in Dec 2015.

It shows his level of confidence in the future growth of the company.

manie:
The Chairman of UBA has a term loan of N20.6 billion as at 31st December 2015, the loan is performing although the security for the loan is real-estate.
I guess it is not one of the over-valued real estate investments that he used as collateral.

His exposure was about N16 billion as at 31st December 2014.

jarkbauer:
That ATM gallery behind UBA house in marina cost 75million Naira

The Chairman of UBA has a term loan of N20.6 billion as at 31st December 2015, the loan is performing although the security for the loan is real-estate.
I guess it is not one of the over-valued real estate investments that he used as collateral.

jarkbauer:
That ATM gallery behind UBA house in marina cost 75million Naira

Who are the contractors? I hope they are not Tony's cronies.