₦airaland Forum

yMcy56:
Yes........and FBN has accepted to sell her shares in Airtel Nigeria to Airtel Africa in the share buyback........
The offer price is N55.81.........and the deal was positive for FBNH.

https://stocks.nairametrics.com/2021/10/04/airtel-nigeria-offers-to-buy-back-minority-shares-worth-n61-24-billion/

Wow that something oh.
But how did you arrive at 88billion.

This is a quote from the link you provided

"In what appears to be an open offer, the telecommunication giant revealed that if all minority shareholders agreed to sell their shares, the total buy back will be worth an estimated N61.24 billion (c$148.1 million, using an exchange rate of 413.38 NGN/USD)"
The said 61billion goes beyond fbnh shares to also including shares of other minority shareholders

yMcy56:
E Ku Market oo.
E Ku FBNH.......

First bank crossed 10!!!!
Closed to full bid earlier....,...pulled back to 9.85.........moving up again gradually with more funds moping and chasing the Elephant....

UBN
Higher bids than offers........

It must be that Airtel buy over will have significant positive impact on FBN, to have warranted this massive mop up.........FBN is pocketing around 88Billion or more........
Is FBN going to pay special dividend for this? We don't know yet.....

88billion? Does fbnh have shares in Airtel?

IYGEAL:
Good. In that regard, Access should still lead FBNH; that's my point.

After the reggae...
But anything can happen sha. Recall there has been a fierce battle for control of FBNH of recent. Who knows how far it could go

Oil

yMcy56:
Good!
Access is sourcing for expansion funds aggressively.
Very possible they're winning the 50% stake over.......

Lol @ buy us @25......
Csnt be up to that......but ACCESS is a good negotiator and buyer o..

Union no be moi moi. In the class of FBNH if history comes to play. Mind you this bidding involves other institutions like Zenith bank. Zenith seriously need expansion

yMcy56:
ACCESS
Eurobond issuance oversubscribed.....

Could it be that ACCESS may likely be the winner of the Union Bank bid.........and as such, getting funds ready for the buy-over??

https://doclib.ngxgroup.com/Financial_NewsDocs/34200_ACCESS_BANK_PLC%20ACCESS_BANK_SUCCESSFULLY_PRICES_LANDM.pdf

My suspicion as well. Reason I don't want to sell my small union shares.
Hope they buy us, and at good rate(at least N25 lol)

yMcy56:
Las las, First Bank will put Access on its toes ........

FBNH now @8.10......

I suspect power play in FBNH. Somebody is trying to increase his stake. I don't think the FBNH bull is sustainable, their result don't also support it. People go pay school fees here.

ojesymsym:
Is Union Bank not the elephant bank that start in 190x? That bank is one of our national heritage, how can one baby bank like access swallow a supposedly big bank like Union, na wa someone should salvage the bank abeg.

Lol. Union has long lost its glory. No past glory to live on. The major investor wants to sell.
https://www.google.com/amp/s/nairametrics.com/2021/05/06/zenith-access-others-move-to-acquire-union-bank-other-african-assets-of-atlas-mara/%3famp=1

https://www.premiumtimesng.com/news/more-news/438293-union-banks-principal-owner-considering-sale-of-50-stake.html

BabsO2:
https://doclib.ngxgroup.com/Financial_NewsDocs/34132_ACCESS_BANK_PLC%20ACCESS_BANK_PLC_ANNOUNCES_ADDITIONAL_.pdf

Access raising another Eurobond to add to the one they issued earlier this month.

Please does anyone know what these banks raising Eurobonds are using it for ? So that one can understand potential future risks (or possible gains) to those in the Access boat.

I am suspecting Union bank purchase. Recall the major investor in Union bank had expressed an interest to divest, and Access bank happened to be one of those thought to have made an interest in taking over Union bank. Zenith bank was also named.
In any case, its normal and common for companies including banks to takeup and repay Eurobonds although they do often name their reason for such. Access did not name what they intend doing with theirs.

OBAGADAFFI:
He really messed up the economy.

Taking Orders from the powers that be. Or you think he had a free hand?

Emefiele Days as CBN governor are numbered. I see him as the possible scapegoat on this $/naira exchange issue.

OBAGADAFFI:
Another strategy to move up the price.

So far not so good. Price ain't really moving.

DrAwo:
Annualised earnings...

Not annualised bro. Its 1.34 when annualised

leparj:
when is the payment date for the uba interim dividend?

30th september

https://doclib.ngxgroup.com/Financial_NewsDocs/34071_UNITED_BANK_FOR_AFRICA_PLC%20_QUARTER_2_%20_FINANCIAL_STAT.pdf
UBA
Not a bad result:
EPS up from 1.24 to 1.69
Dividend up from 0.17 to 0.20

Lol. Access don pass this one sha

Forex that has ruined may lives in IMO state.

emmasoft:
Access bank don join the 30k gang. This is a step up for them and better for investors.

Their Profit after tax greatly improved. We expect even more by full year.
Full year EPS is projected to come towards N5. So an improvement in full year dividend should not be out of place.

https://doclib.ngxgroup.com/Financial_NewsDocs/34053_ACCESS_BANK_PLC%20ACCESS_BANK_PLC_CORPORATE_ACTION_CORP.pdf
Access is giving us 30kobo

https://doclib.ngxgroup.com/Financial_NewsDocs/34052_ACCESS_BANK_PLC%20_QUARTER_2_%20_FINANCIAL_STATEMENT_FOR_.pdf

locodemy:
But the news arrived 58minutes before you saw it.I still suspect it has a hand in this ongoing consolidations.what is an embryo that will soon hatch......

You need to look again at the news.
2020. Not this year. They had to upload it today for whatever reason.

Godisfaithful:
Updates LOL

1$ = N530 (Five hundred and Thirty Naira)

August 31, 2021 as at 7:15pm. Let's see what the next 4 months hold for our exchange rate policy

And don't forget what Buhari cannot destroy does not exist

Are u very sure?

But it didn't.

This one should have move transcorp.

naturalflow:
Boom. https://nairametrics.com/2021/08/28/nnpc-plans-to-sell-its-shares-to-the-public-after-declaring-first-profit-in-44-years/

Lol. After that first profit comes the public offer, then the nose dive

ojeysky:
Access is till September

But y?

emmasoft:
All unaudited Q2 results has latest 31st of July to be released while audited has 31st August as the last day.
The Zenith result and the remaining banks results are all audited.

The result is audited interim result, it has pass through the CBN already hence the delay

Nothing written on the result to show it is audited.

maishai:
waiting patiently for UBA......... any disappointment from them and i will pitch all my tent with zenith

Me : waiting for Access and Fidelity. No Dividend expected from Fidelity though just a wonderful result

phemmie06:
Qualification date: September 10
Payment date: September 20

What If CBN don't approve the result cos what I see is interim, not audited result

History555:
Bought lafarge at 10.2 during lockdown. Since then price has gone up to 22 and refuses to move higher. The last time i bought lafarge was 59 sold at above 100 b4 it fell massive and remained so. I hope it gets to 100 again

It got to 30 this year

emmanuelewumi:
Why are you buying? Is it for capital appreciation or income.

Income increased by just 60% in the last 10 years, which is not good enough

Meaning an investor who got a dividend of 100k in 2011 got just 160k in 2021

What in your opinion is the prospects for UPDCREIT, especially now that the fund management has been taken over by stanbic assets managers. Is there any chance of appreciation in price and dividend in the nearest future?

Pls when is CBN releasing results of Zenith, GTO, Access, Fidelity, UBA.

eziokwunwoko:
Pa Emma, please answe my questions.
UPDC REITS audited report 2020 not yet out, dividend not declared. 2021 Q1,H1 not yet released.
Is it due to the unbundling.
The last date of effective date to qualify for the unbundling is Nov 8 2021.
Will the corporate actions take place after November 2021

Are u sure?
See this https://doclib.ngxgroup.com/Financial_NewsDocs/33303__UPDC_REAL_ESTATE_INVESTMENT_TRUST%20_AUDITED_FINANCIAL_.pdf