₦airaland Forum

stcool:
So you cant see all the heavy crosses going on at 1.29

Someone is mopping up Sterling @1.29 I await the news next week on insider buying

Or maybe someone is selling sterling at 1.29.

Na so you talk say Dangote want buy WAPCO.
Fear God My brother

godlyguy:
https://businesspost.ng/banking/access-bank-holds-merger-talks-with-another-bank/

The bull on ACCESS BANK in the coming days will be second to NONE

THE BIG SMART GUY

Una don start again oh. Abeg no any bull joor

megawealth01:
When will uac get to km2

Chill. Reality is gradually beginning to set in. By the end of July without the said unbundling, yawa go gas...

Can someone tell us why UACN isbonnfull offer this morning? Is the said unbundling now uncertain?

Yesterday's fall in prices could be as a result of the SEC KYC update deadline of 30th June. Politicians would naturally not want their share account to be linked by BVN and would rather selloff thus the huge sales of yesterday.
If it continues today then we know its something else.

megawealth01:
Will it move the stoock to km10?

But stampduty goes to the federal government, so I doubt the impact on the bank would be positive.

UACN UACN. Who knows the game they are trying to play. Or is it a major share holder trying bailout funds for personal problems. Is it the case that he has seen something minority shareholders can't see and thus decided to bail out? Only time can tell what is going on in that company. But for me, I will rather watch by the sideline and learn cos I no too like suspense, definitely not in this corona period.

If its any consolation, the fact that Stanbic nominees, another major shareholder that is know to be frugal in its dealings have not yet started selling could mean that there is no cause for alarm.

stcool:
You want to increase share capital by 60billion with option of share construction

Useless Gold-digger

Chai. Badt people

Lol

Uchetoba:
UACN is beginning to slide towards N5. The opportunity to invest the proceed from the sale of my land, as well as the dividend I received today from wapco is gradually presenting itself.

UACN announced today that they have fixed 15 of July as date for their AGM. No mention was made of the unbundling in the said notice of AGM.
Does it mean the said unbundling may not go on in July after all?

meshpips:

It did a high of 18.10 on the 27th of May.

You can check your chart sir.

RabbiDoracle:
When Zenith start to trade at N21, GTB at 30 you go still bring your VAP excel sheet and start with your IF.... Then.

Now I ask you again, has the slide to N11.90 started?

meshpips:
I also ask you: Did price touch 18.08?

You can answer for yourself sir.

NOTE: Please don't close your buy position o! Try leave your money where your mouth is.

The lesson will sink real deep when it costs you a bit.

So now that the die is cast, let's see who wins.
Journey to 11.90(I go sell my papa house join zenith) or journey to 21.
Only time.
Who ever is right, one thing is sure WE KEEP MAKING MONEY
I SO LOVE THIS GROUP
In Peero's voice : Bargain hunters be ready

BAMOFIN1:
You have miscalculated. For years UPDCREIT has been falling from its listed price of N10 to current price of N3.10 to N3.30 and it has been selling in this range for months. UPDCREIT will possibly drop much below its current price at the time of unbundling. I wish all these negative info we are now getting about UAC have been revealed to us about six months ago when the hype of the stock was at its highest.

But people here had always talked the fact that there is nothing too special about the stock. But once the mind is made the end is inevitable. There is nothing anyone would have said to make you avoid buying uacn

sellydion:
It could only get worse before it gets better

There is serious trouble in this sector, completion is getting interesting- SAB MILLER is currently pulling its weight

My going for a course opened my eyes to the troubled sector.

The power of Hero and Life is pulling some others down.

debeey87:
http://www.nse.com.ng/Financial_NewsDocs/30011_TOTAL_NIGERIA_PLC._FINANCIAL_STATEMENTS_MAY_2020.pdf

http://www.nse.com.ng/Financial_NewsDocs/30013_LAFARGE_WAPCO_PLC._FINANCIAL_STATEMENTS_MAY_2020.pdf

http://www.nse.com.ng/Financial_NewsDocs/30014_LAFARGE_WAPCO_PLC._CORPORATE_ACTIONS_MAY_2020.pdf

Nice one wapco. We can only go up.

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 guys

its either they need money urgently or they have seen something that is really scary. But make no mistake, UACN's and its subsidiary's numbers have been going down yearly.

sellydion:
Highlight on UBA Q1 P&L

. Net interest income of N65.42billion, up 3.9%q/q , up 12.6%y/y

· Non-interest income of N28.53billion, up 64.5%q/q, up 11.3%y/y.

· Profit before tax of N32.73billion, up 150.7%q/q, up 8.5% y/y.

· Profit after tax of N30.10billion, up 303,4%y/y, up 5.0%y/y.

Oga,cwhere u follow get this one, abeg check whether you go see wapco for that side

PharmAlfred:
Can FBNH do a solo run?

Watch MTN closely. Those guys are amazing tones of money this period.

I think fbnh q2 might give a hint as to the recent rise in volume

There is definitely something going on in fbnh. All the insider purchases are not just for nothing sake. http://www.nse.com.ng/Financial_NewsDocs/29936_FBN_HOLDINGS_PLC_CORPORATE_ACTIONS_MAY_2020.pdf

Mcy56:
Which one is P&d ?
I typed D and it changed it to smiley for me. Lol.

Classmate na pump and dump oh. I notice say you no come school during lockdown. Na that time them teach us. Some of our big profs never even return from lockdown

Mcy56:
Refused to go below 4.65 since.
Huge bids and cross bids done at 4.70.
12M single bid @ 4.70 still waiting to be filled....
17M bids now......something is likely going on there.

Could also be P&d but no one knows. I have had this stock for some time now. No intention of selling

Wapco and late submission, wetin dem still dey write sef.

We cannot say more. Earlier we referred to the"promoters" of UACN and asked what they saw in this thing that they are promoting with vigor but rather than respond, it has been more and more promotion.
Today if it's not bad result from one arm to the other, it is one major institutional investor and major shareholder selling off at loss.
We just watch and see how the story ends

Oil doing so good.

Coolcash1:
Weak bank acquiring a dead bank. This is will be bad business for their shareholders.

If polaris latest result is anything to go by, then we can conclude that the bank has fully recovered. They reported PAT that is even more than what FCMB and Fidelity reported.https://www.google.com/amp/s/www.vanguardngr.com/2020/04/polaris-bank-records-impressive-2019-financial-results/amp/

Harvestock01:
Very difficult to survive after taking a double portion of local poison!

They might have just done the needful. Going forward, I expect things to turn for the better. They might just churn out some very impressive figures come q2. They have sacrificed a lot. 25-40% paycut, 75%reduction in staff strength and a closure of 346branches. That's something.

346 branches closed.https://www.nairaland.com/5831835/access-bank-shut-down-346

gamaliel9:
Access on air again...to close certain branches...

not verified yet

Long overdue. I once visited Unizik in Awka anambra state, an found it hard to understand why access bank would operate two branches in the same university, with both branches separated only by one building(less than a plot of land from each other) they need to close some branches.

creategist:
https://www.nairaland.com/5828305/access-bank-cut-staff-salaries

Access Bank planning massive job cuts!

It appears the sacking had already started before this news got trending.

BMZK:
Oh thanks! This is what COVID-19 has reduced us to. With the lockdown we don't pay attention to public holidays because everyday seems to be a public holidays . Happy May day !

Lol. Lockdown has made everyday look the same.

BMZK:
Please is Morgan itrade having issues ?

Today is Public holiday, you cannot trade today. You can only view your stocks and previous closing details.

creategist:
https://www.nairaland.com/5828305/access-bank-cut-staff-salaries

Access Bank planning massive job cuts!

Bad for staff, good for investors

locodemy:
fcmb overtaking fidelity.
Nobody analysed that Q1 result here.
volume is really speaking on the stock now

Fidelity q1 was not fantastic. But fcmb is still trailing fidelity this morning.