₦airaland Forum

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

ojeysky:
O boy only vitafoam made over 200% increase. Wow!

What about UCAP, Over 400%, from 1.4 to 6.9

https://doclib.ngxgroup.com/Financial_NewsDocs/33995_UAC__OF_NIGERIA_PLC%20_NOTICES_OF_COURT_ORDER_MEETING_(.pdf

https://doclib.ngxgroup.com/Financial_NewsDocs/33996_UAC__OF_NIGERIA_PLC%20SCHEME_OF_ARRANGEMENT_CORPORATE_A.pdf

For those interested in UACN unbundling.

Qualification date is 8th September.
DISCLAIMER: I don already sell mine. Will buy after the unbundling.

This group is fast derailing. Surprisingly the main actors of the derailment have not been regulars here. It appears like they just invaded this platform, hijacked it in order to discourse their own topic which does not align with the aim of this thread.
For the avoidance of doubt, the thread is NIGERIAN STOCK EXCHANGE MARKET PICK ALERT.
May we be properly guided please.

mumu9gerian:
https://doclib.ngxgroup.com/Financial_NewsDocs/33845_FBN_HOLDINGS_PLC%20_QUARTER_2_%20_FINANCIAL_STATEMENT_FOR_.pdf
Abeg, how this result be?

One step backwards.

Heishere:
It is in the abridged version of the financials.

Are u sure? They only talked about value as at 30/06/2021. They never mentioned cut off date.

UACN want to do full offer

Dollarwoman:
Access Bank released good result and also offered to interim dividend yet today's offer is higher than bid.

Access bank has not released a result yet.

Heishere:
Cut off date for UPDC REIT is June 30 2021. Does it mean if you purchased UACN shares after that date you won't recieve REIT shares?

Where did you see this 30th June date? Sir its not yet indicated

https://doclib.ngxgroup.com/Financial_NewsDocs/33769_ACCESS_BANK_PLC%20APPROVAL_OF_THE_GROUP'S_INTERIM_AUDIT.pdf

Access bank result and interim dividend approved by board. Waiting for CBN approval. That one will be by September.

Its not a good corporate governance practice for audited bank results not to be released prior to submission to the CBN for approval.
It gives a lot of room for insider trading. The CBN governor or who ever that is responsible for receiving and approving these results, have every opportunity to inform friends, relatives and other persons of interest, on the content of these results and the proposed dividends there from, even before the results are published on NSE platform. This is more so that the Apex bank usually holds on to these results for weeks before approving.

I humbly (but strongly) suggest that results should be released "Tentatively" on NSE platform prior to submission to the CBN for approval. That way we get to know what they know.
It also leaves room for amendments as may be suggested by the regulatory body.

Lol, they don't have names right? Or is there something the govt don't want the masses to know?

E don bust.

https://doclib.ngxgroup.com/Financial_NewsDocs/33694_UNITED_CAPITAL_PLC%20_QUARTER_2_%20_FINANCIAL_STATEMENT_FO.pdf
UCAP wonderful result. Profit rose almost 100%

megawealth01:
What of the price locally? See cement we produce locally yet no improvement in price!

na the same dangote wey dey fix cement price go come fix fuel price.

drills:
What will be the impact of the new PIB "importation only to be done by people with active refinery license" on current downstream sector importers?

Are you sure there will be anything like imports after dangote refinery comes on stream. If the refinery functions to capacity, Nigeria might just become an exporter of the product.

Pete002:
Please when is there 2nd quarter result coming out, i guess we just starting 3rd quarter

Expect them between the last week of August and the 1st week of September. You know they are releasing audited results so it takes more time. Last year, their results came in the first week of September.

Other results that are unaudited should start coming in from next week beginning with the usual suspects UCAP Afriprud ...

zionaigbokhan:
I think Fidelity might be the next Vitafoam. DD please.

Lol. Access bank's recent numbers look even better than both fidelity and vitafoam

emmanuelewumi:
Please educate me on the relationship between market leadership and stock price.

He is confusing it with share price.

moneymanager:
Wait O
If GTB is the industry leader (supposedly), how come stanbic is doing better than both GTB and Zenith from a market evaluations perspective

Stanbic is not necessarily doing better than zenith and gtb. Stanbic only has the advantage of lower Outstanding shares of 12billion most of which are held by a few entities(parent company in southafrica and the otumbas) while Gtb(29billion) and zenith bank(31billion) have higher outstanding shares. If gtb and zenith outstanding shares where 12billion units like stanbic, both would be up to #60 per share.

emmanuelewumi:
It can be back dated to those on the register during the AGM.

Unbundling will take place before October. UPDC REIT dividends are paid in November

That is if they don't take the dividends before unbundling. UPDC REIT result has been excellent of recent

eziokwunwoko:
(as at the last qualification ) for UACN reits unbundling.
Is this statement correct: closure of register

I doubt if they have set a date for unbundling. They only stated plans to do so and that such would be subject to regulatory and other approvals approval.

THERE IS NO QUALIFICATION DATE YET FOR UNBUNDLING

yMcy56:
UACN
Monday 14th June is the last qualification date.......
Since Monday has been declared as public holiday for Democracy Day, then today 11th June will probably be the last date for dividend hunters to pick.......if not yet seated in the bus.
Reminder
Dividend : 65kobo
Bonus: 266 UPDC-REIT for every 1000units of UACN held (as at the last qualification date).

UBA
One entity or some entities seems to be selling while another one is buying @7.10...........this has been ongoing for quite some days now...........
We see what they're up to........once they're done satisfying their interests.

LEARNAFRICA
Quite a lot of activities here.........selling/buying/crossing upandan........
Pa Emma what's up here?

UNILEVER
Increased activities observed here since yesterday..........lots of bargainers sighted on bid table @ different bargain junctions........

VITAFOAM
High volumes crossed at @12 in early market..........guess another director is taking his/her own position as well....

Uacn dividend is 55kobo, special dividend 65kobo making it 1.2Naira.

Thanks to Ubn and wapco, portfolio ended the day on a very green note.

erwinschro:
What company is this please?

That's one of the business for UACN AGM.

Somebody is looking at buying up its own shares hmmmmm.

The owner of that university should just sell it and come and invest the money in the south.
Those people now know the university belongs to a southerner and would not let it move forward.

Seems like wapco people are reinvesting their dividends.

Wapco landed safely, and they did not even bother to take their 10% withholding tax.
Abeg if u get there account number sent it now now, I want to pay my tax asap

.

.

So after seeing this today, I now think I have to invest in uacn from tomorrow.
Disclaimer : Not a buy recommendation.