₦airaland Forum

Godlylifeoneart:
The CBN is doing all it could to kill the banking business in Nigeria.
How can one explain the action of a wicked guardian or custodian that insists on seizing N60 out of N100 earn by Nigerian banks?
If not for the resilient of these southerners

This baseless RANT should be taken to the political section. You are crying more than the bereaved. The serious banks will always find a way to sustain, there are many ways to kill a rat.

I have been banking with GTB and Zenith for more than 15years not once did they offer me 1million overdraft. With the new CBN policy they are all mailing me to take loans. I have taken GTB quick credit 3 times in a row to invest in my business. If na before dem go put money for TB and go to sleep while entrepreneurs dey struggle. Be kiaful o.

Payunsin:
Thanks, I have decided not to sell down again to buy the uacn but I have queued for just 71k units at 7.10 to play / gamble with. We never can tell to le ja si.

Good to hear you are gambling, if UACN doesn't unbundle by December hope you will not sell to gamble in another shining object.

The arguement about devaluation has been raging for almost a week now. All points are well noted,lets focus on the goal of this thread going forward. Lets not derail.

Mcy56:
Una ..but never worry yourself, worst scenario, JP will go back to 20kobo.....at least that's what you all wanted. Since those that bought at N14 didn't die, those who bought at 30kobo will surely be alive too if it goes back to 20kobo.

Weldone Mcy, dont mind them bad belle people......They dont know that What is Dead Can never be dead again.

Walahi e be like say some listed company don dey do jazz from babalawo to drag buyers in. How person go sell land to buy stock with different negative analysis in one day. Eleyi on soju lasan mo o.

Only me Devil ,Desciever plus Antichrist on top of stock analysis .

I cant stop laughing this morning, i wont reply or quote people again not to derail this wonderful thread. Have a great day people.

emmanuelewumi:
If the Investors and insiders get it right they can unlock latent wealth, if they get it wrong they will lose funds or are just there

My analysis has more to do with UPDC listing more shares which may not translate to better return right now. I have said updcreit is solid but its not a liquid stock, as for UACN i cant tell the future.

Meanwhile i spoke to a very key insider in UPDC recently after seeing all the posts on this thread. Effort is being made to turn things around but there is nothing much to expect from UPDC in the short term. I wish every investor luck. When the market is heated even average stocks can gain 1000%.

BARGAIN FOLLOWERS TAKE NOTE.

PETERiCHY:
IT SIMPLY MEANS (UACN) Property Development Company Plc Rights Issue of 15,961,574,145 Ordinary Shares of 50 kobo each at N=1.00 per Share that was done last March was successful.

Anybody Investing in UPDC at this time should do so with insiders knowledge and the very long term in view, You can listen to marketers like this guy here at your own risk.

Here are the Facts.

UPDC made a turnover of N2.3 billion in 2018 and N2.1billion in 2019. Thats a decline year on year before this 2020 COVID shock. For these Turnover they made a loss of N15.8 billion in 2018 and another loss of N15.1 billion in 2019. I dont have issues with the losses.

However,Lets assume they didnt make a loss and they were able to convert 50% of their N2.5billion turnover to profit( which is not possible) in 2018 and 2019 they would have had an EPS of about 50k with the initial 2.5billion shares outstanding. Now with the shares increased to 18 billion units. A feasible EPS from a profit of N1.25 billion (50% of turnover) is 0.069kobo

Is this scenario above creating wealth for shareholders or making them poorer?. Except this company sells some of its assets, do a share reconstruction or look for other revenue stream i dont see investors here making money soon.

The UACN stool is standing on 3 legs, UPDC is non existent right now,UACN is broken and under repair,UPDCREIT is standing well but not liquid. Do your calculations,know your appetite for risk taking and make an informed decision.

ahiboilandgas:
Crude about to hit 40 dollars...speculators hope u are ready

Increase in Crude price may not save us from more devaluation for now. Dont forget that we have cut the quantity produced like other oil exporting countries hence reduced revenue is the reality,furthermore there are backlogs of cargoes on the high seas that needs to be sold.

Things should look better for our FX in 1 to 2 years when Oil price goes back to $54, Quantity produced goes up and Dangote Refinery kicks off. CBN doesnt have the dollars to do squat for now.

stcool:
Me I no dey wait slide again...

Make I hear say Zenith touch N15 next week, me and my household go load am damn the consequences...I perish I perish

Chairman Cash is king PLC . I am happy you are now born again sir. Send your tithe to Prophet Rabbidoracle to be fully integrated to this Burundi regime.

Uchetoba:
This was how you and Emma miss lead many into abstaining from ccnn after the merger with obu cement was announced while both of you where bussy accumulating the stock.

Wetin dey do this one, was i active on this thread during CCNN? I was talking about liquidity here, is that point disputable? Meanwhile i spoke to a director of UPDC today about this unbundling noise, as far as profitability is concerned the coast is not yet clear for UPDC infact theyve added fasting and prayer join. Of what use are millions of stocks you will get from the unbundled entity but wont be sellable?

AS far as UACN is concerned, Ignore the noise here please. Buyers Know what you are buying!. If you have peace with it no qualms.

Anyone Planning to Trade in UACN because of the sweet talks on this thread should be very careful. The Stock is currently on full offer with zero bid and that is bizarre. Of what use is a stock that can fetch you 1000% but can also become illiquid despite the promises of huge returns coming soon? Apart from UPDCREIT in that group, UACN and UPDC are far from making tangible profit to sustain current prices. Never trade on hope, trade with fact and you wont cry.

jclassiq:
Always have problems with all these too much show-off from these self acclaimed gurus here. New comers to stock want to feel welcomed.

Wetin you dey talk? Someone stole your meat?

Justcul:
Free him, speak for yourself not for everyone like me. Everyone is entitled to his opinion. I personally enjoy his analytical predictions with Rabbi.

In this market, impossibility is nothing. I have seen Zenith come down to 10 naira twice in the last few years.. in fact it came down to 8.9 while gtbank was 13+ so what are you talking about?

Why are you talking from both sides of the mouth thus taking on meshpips this morning? You were the one defending meshpips few days ago, what changed between that time and now. I would have respected him more if he accepts is L now and learns from there but never. Na to dey shift goalpost. Meshpips is like one of those Samurai warriors that would rather die on their sword than admit defeat.

Meshpips my blotha, i have N10million idle right now,please i dont even want Zenith at N12 again. When can i buy at N13/N14. Just give me range of months. God bless you for the hardwork bro.

Marketapprentic:
I think he has, but he is here to scout for pawns here to bring his SINISTER motive to fruition. LOCO is even better than him as WITH DUE RESPECT, OGA PETER IS THE WORST OF THE MONKEY HUNTING BEASTS

Locodemy is Far better ,the guy is simply focused on his 10% JIJO profit and i respect him for that. He doesnt hide his motive at any point. But the other guy na the head of Agbero loading buses as far as he has profit to make. Never minding the monkeys that will lose money.

PETERiCHY:
Audio EPS.
WARNING! WARNING!! WARNING!!!
Anyone buying CARVETON above N1.00k is doing so at his or her own risk.
BARGAIN HUNTERS TAKE NOTE

Newbies should take this posters stock recommendation and criticisms with a pinch of salt. This guy hardly market any stock for selfless reasons. He drops comments to influence panic sales to enter low and when he enters he begins to hype his stocks.

I saw through his charade with Wapco, at N12.85 Niggar was getting more people into the bus so he could exit at a premium. While few selfless posters were advising would be buyers to wait for PULLBACKS. When i see people like this ,i will call them out. Its better not to post at all but to post for selfish reasons.

The wise ones here have said it all, know what you are buying and why you are buying it.

MONKEY FOLLOWERS PLS BEWARE.

meshpips:
I have already done the analysis for GTB, ACCESS and ZENITH.

Honestly i will be happy to see Zenith at N11 but put a time frame bro, dont just say in the nearest future. You can say, Quarter 1 xyz year, or quarter 4 xyz year.

Everyone can check the 5 years zenith charts on investing.com to see that its common for Zenith to do this type of swing between N11/13 to N23/26 yearly. So telling me Zenith will make its usual swing in the future is not doing me any favors. Some of us are also learning everyday not just waiting on predictions.

meshpips:
Kindly note that I would have you repeat all these things you have typed when price gets to 11.90
You would also have to tender an apology openly for having your mouth run like so.

Abeg leave the matter bros. Zenith will not touch N11 again this year except there is another lockdown lasting 3 months. Charts cant be right 100% of the time. If i see Zenith at N15 ,i will buy more. At your N11 na to sell all i have to buy Zenith. No beef against you, i just dont want you to confuse people.

I might have keyed in to Bitcoin at around N7600 but for your prediction here that said Btc dey go N5000. I dont hold that against you though.

dangle:
Caverton now on full offer.

Its a very risky venture when people trade on hope and dem say,dem say.

Mcy56:
.....and what if it turns out to be true?
Reminder is not bad nah.

Not ruling that out but there are too many opportunities in this market for one to be fixated on just UACN.

Mcy56:
Lol.
Oga Meine, this unbundling thing was expected before now (April) but was delayed. Many of us positioned but had to leave when the thing no s.

Class Captain, but the message has been passed severally now. Why the repetition? Infact the repetition scares people like me, when an investment is too good to be true then it may not be true.

meshpips:
ZENITH will face its litmus test today.

If the next week closes with a bearish body the we will of necessity see 11.90 and possibly lower. All the best everyone!

Stop Confusing people, Even though it favors me,i dont think Zenith is going down to N11.90 anytime in the future, Technicals dont have anything to do with COVID19 lockdown which caused the March Panic Selloff. If you couldn't predict the movement of Bitcoins correctly(which is your main field) be careful in saying Zenith will come down to N11.

Uchetoba:
Just to refesh our memories

You and this UACN,its like you are doubting your position in UACN or you are very lonely in the bus because people are not discussing it.

talk2me2:
Oga you can no longer mislead me the way
I wonder what you stand to gain by miss directing people that took you as there mentor.

Did he put a gun to your head to buy the stock or not to buy? Why didnt you do your own due diligence? What of correct predictions hw has made in the past? To slap people like you just dey hungry me.

debeey87:
http://www.nse.com.ng/Financial_NewsDocs/29979_U_A_C_N__OF_NIGERIA_PLC._CORPORATE_ACTIONS_MAY_2020.pdf

Total now 25m sold by same guysf

Company wey major stockholders dey offload shares steady,that one na company? The insiders no sabi enjoy unbundling profit happening in July abi? E go do some people like film trick

I hate companies wey dey always come with bumper returns but no dey arrive. CC Caverton.

Mcy56:
E Ku market o.
I took bull with me when going but I brought it back now. Lol. Na joke o.

We don miss you. Make i quickly check for the bulls.

Uchetoba:
I will increase my holding today so that UACN will constitute the 99% of my portfolio from the current 96%.

You are doing too much to market this UACN or is there more to it? Maybe you should break down the profit you envisage in monetary terms not just share exchange.

Apart from UPDC REIT which is on a good footing. I dont see any other solid company in that group for now. UACN is struggling for market share for example portland paint marketers have been calling me for a week now but i have opt for local paint producers in view of this COVID disruption, while UPDC is a loss making entity heavily invested in a saturated market.

NB: I have a friend in the mangement team of UPDC.

hunter21:
Goodday everyone, I'm new in this
I have securities account with a Nigerian stock brokering firm and I intend to buy stocks.
I need peoples advice, any thing I need to know, do s and don'ts

Read the last 50 pages, buy good stocks cheap and sell high. Also read the posts of members like emmanuelewumi, Mcy560,Rabbidoracle. These ones are most likely not monkey farmers.

locodemy:
Oga mi,na so I do Jijo today come make cool cash.Afriprud and maybaker rewarded me handsomely.
I entered both stocks and exited on 13% on both

Please also remember to tell us if or when you make a 13% loss, we can learn from both sides of the market. How long did you hold both stocks? Enjoy your loot.

Meanwhile the tradeview.com site you recommended is not in existence.

All my "cash is king crew" and "Bargain Dreamers crew'', how una dey? Hope una dey shake body for this Covid market? I hear say market don get lemon color abi na orange sef? We go dey alright laslas.

Mcy56:
Japaul on the move today...............
Newbies beware........do not buy except you know what's driving the volume.

Bargain dreamers take note.

drskyfly007:
naira appreciated today against the dollar

: Treasury Bills In Nigeria by meine: 11:19pm

So whats the current fair value of the Naira, 380 or 450? I think the CBN is determined ( though foolishly) to hold the fx rate down till Dangote start pumping fuel.