₦airaland Forum

If I decide to sell all my transcorp today, I will just move the proceeds to Zenith without delay. See volume. Over 280million units so far.

TraDeRR:
Mpeace ! Another risk don show oo (CCNN) weytin you think ?

The whole deal is not too clear to me. CCNN shareholders will be serious minorities in the new company. The 35naira valuation is not too different from the 66 naira FO stuff. Its all paper stuff.
Me think the current demand/bull is due to a certain shareholder trying to enhance his position by accumulation, pending the completion of the merger.
My opinion though.
Cement business is looking sweet, but one has to be careful cos what's happening in the breweries can also happen here. Big players are on the increase.
I see better opportunities in Zee/UBA/FID/FCMB

Uchetoba:
CCNN may undergo share reconstruction later

You never finish ur uacn research? Bring out the numbers let's see na.
Make we know the way

Mcy56:
Na wa o. Na so UACN fall person hand. Mpeace was right after-all.....but came at the wrong time like I stated then.
Issorite. We will wait for it at the bottom.

My sister, that was when I first considered the company. But it was not too late. The stock was at 7.85 or there about, at that time.

But on another note, the company did not do so bad. If you have it, don't sell at a loss.

If you look closely at the result you will notice that the loss was due to discontinued business/operations. This might have something to do with the rights issue on UPDC. I may be wrong.

Chai.

mendes911:
Abeg Leave Ucheson (Sorry, Uchetoba). A man cannot monkey hunt in peace again?

After buying 2% of oando at 25, now this.
Thank God buhari don ban sniper.

yok:
UACN RESULT BIG HIT BELOW THE BELT??

This result is a big dent to UACN. I wonder how UAC Properties will be able to survive as a stand alone entity.

I said it before, and I will say it again, there us nothing in this stock that makes it worth more than 4naira.
Let me also add " with all due respect to its promoters"

mendes911:
Sir Dollartex, here you go:

http://www.nse.com.ng/Financial_NewsDocs/27984_FIDELITY_BANK_PLC_FINANCIAL_STATEMENTS_OCTOBER_2019.pdf

mendes911:
Sir, I don't see anything super about the result oooo.....

The result is very good. Although not so super, but them try.
Now I wait for fcmb.
Transcorp is the only company in my portfolio that is expected not to perform so well.
But anything can still happen.

mendes911:
http://www.nse.com.ng/Financial_NewsDocs/27980_SEPLAT_PETROLEUM_DEVELOPMENT_COMPANY_PLC_FINANCIAL_STATEMENTS_OCTOBER_2019.pdf

Taxation to the rescue....

Money no dey oil again.

DOLLARTEX:
Three more days to go.Fo,fcmb,fidelity na your case oooo.

FCMB already said their result will be audited and released in November. So just focus on fidelity and fo

PETERiCHY:
Today, Oando Plc released its Q3 2019 results for the period ended September 30, 2019.

Key Highlights

Revenue decreased by 18.08% to N413.76bn from N505.09bn in Q3 2018

Profit before Tax decreased by 293.46% to N-9.23bn from N4.77bn in Q3 2018

Profit after Tax increased by 25.66% to N13.07bn from N10.39bn in Q3 2018

Total Equity increased by 4.4% to N289.33bn from N277.12bn in Q3 2018

https://www.proshareng.com/news/Corporate%20Results/-OANDO-Declares-N13.06bn-PAT-in-Q3-2019-Results--SP-N3.40k-/47688

Wale and his Confusion EVERYWHERE

Abeg Oga MPEACE.OGG. Agba. CP and Coy make una come explain this results oooo.

Tax credit of 22billion to the rescue.
without that it would have been another serious loss. I believe the company will make many rich one day but it would most likely be by way of acquisition not performance. I will not be surprised to see an offer to buy Oando at #50 per share.
But before that, they need to watch their back, cos the next move by SEC might be devastating.

DOLLARTEX:
I am still surprise that wapco is still on the floor with this result.There is something wrong somewhere.

what do you mean by floor sir?

mendes911:
WAPCO

http://www.nse.com.ng/Financial_NewsDocs/27950_LAFARGE_WAPCO_PLC._CORPORATE_ACTIONS_OCTOBER_2019.pdf

http://www.nse.com.ng/Financial_NewsDocs/27949_LAFARGE_WAPCO_PLC._FINANCIAL_STATEMENTS_OCTOBER_2019.pdf

Where's Sir Mpeace and Chief CoolCash?

Not a bad result. From here, it can only get better

Access and fidelity oh. Where una result dey naa

Mcy56:
Peter, a Promoter' of Oando (in Mpeace handwriting) ?
Please tell us more reasons or what you know, although I know it can spring surprises .......but can we say its the right time to start looking its way?

With all due respect, you need to give due respect before using the word "promoter" especially when Sir peter is concerned.

The way WAPCO dey fall these days eh. I just weak

Godisfaithful:
Don’t panic , no Nigerian bank is distressed… Emefiele

https://www.sunnewsonline.com/no-nigerian-bank-is-distressed-cbn-governor-emefiele/amp/

RUN

I have been trying to guess the seven banks that failed the stress test, so far I am sure of the following 4:
1, Unity Bank
2, Polaris Bank
3, Heritage Bank
4, Keystone Bank

Something tells me the following banks may complete the list:
5, FBNH
6, WEMA Bank
7, UNION Bank

Na my list be that, what's yours

Hmmm... pastor vee must hear this

Agbalowomeri:
I will soon take leave in a couple of weeks
And will resume in the new year Lol

Me too. My leave starts 31/12/2019, to resume early next year.
Sense no go kee u.

Agbalowomeri:
You mean monkey hunting exercise?

Lol. I now agree with OGG. You dey sleep for this forum(no leave, no ....
"With all due respect" lol

Uchetoba:
However, If anyone has any question regarding the unbundling of updc or updc reit I will gladly provide the answer as long as the person is not asking for the numbers.

One question. When will the exercise be concluded?

currentprice:
Agba will buy at a right price.

Agba will buy UACN or two other stock

That's the right word. That's what we are trying to decipher

onegentleguy:
I can hardly recall the last time I logged in here without seeing u around !! ...u are always available, even late at night and early in the morning.
Agba u no dey rest?

This shows that even with ur money-filled mattress, u are still more restless than those currently in the market.
chaii !!
November seems to be a long time away !!
But don't worry, we understand.

Agba, Agba !!

More so when you consider that Agba did not specify the particular November.
With all due respect, it could be November 2023.

If anything, Ayam happy for Agba. For once in this forum, he is optimistic about a stock.

rebekah2011:
The 15b will free the coy of debts. There will be little or no finance charges going forward. It is not as if the coy is totally useless but the debts hanging over it are too much.

With All due respect, I would like to know what happens after the debt clearance, given the current demand crisis in Nigerian real estate sector.

Agbalowomeri:
While I am not a 'promoter' of any stock (probably a 'promoter' of index Lol), your post did not come across as constructive
Better go amend before oga military come with his boys

#Bike

Ayam already scared. But I believe the military man has good intentions (just like our dear president) but some companies can fall hand (just like Aiico).

Mcy56:
Just wondering what you intend to achieve with this.......well, maybe to cause panic so people can sell their holdings at loss.
Many people including you, Peter and the person 'blessing you' have promoted one stock or the other here without anyone calling you names. You may do well by just 'countering' the 'promotion' with numbers and solid reasons.
Wondering what fundamental does AG Leventis have to make it investors' delight now....

No No No No... Don't get me wrong. I didn't call anyone names. "Promoters" is not name calling. I am a "promoter" of Access, wapco, transcorp and fbnh because I have and argue for them nothing else. I am not ashamed to be so called.
The benefit of this forum is the constructive criticism it offers. That's what helps us make objective investment decisions, and that's my own piece of it.
UPDC is to my opinion a negative on the whole deal. That's my simple opinion. If you do rights issue on a company of N1 with OS of about 2.5billion units by creating additional 15billion units, what else is remaining? What value can you place on it?
We are all here to learn, if you think am wrong kindly correct me, so that I can also join you guys to make the money. WE ARE ALL HERE FOR THE MONEY.
On AGLEVENTIS, its a different game altogether. There is a clear value to whole deal, just like diamond, dangflour and air services.
There is no clear valuation of UACN unbundling. Its all speculation.(including my opinion)

mendes911:
Once Nigerians start with "All Due Respect", just know that bashing will follow afterwards.

Promoters and manipulators.

LOL.

I no know wetin you dey talk oh. I dey always give due respect. Lol

swilo:
Is it still profit taking that is going on in UACN?

Lol. With due respect to its promoters in this forum, That stock has nothing to offer(short, medium or long term) if you do all the maths and allow all things to be equal, you are better off with zenith than buying UACN above 4.50.
UPDC is dead scrap, and after the rights issue, it becomes worthless. The amount of u-riet on offer + the uacn shares is what makes uacn worth 4.5

Disclaimer: my own personal opinion.

Results should start coming in this week. Will the bull return or will it be bears all through : Transcorp, Gtb, Zenith, Wapco etc expected as Early birds.

onegentleguy:
I keep smiling from the side line when I see that some persons fall for the 'set out plays' to give up on their holdings in UACN !!
Meanwhile the smart and WISE ones have been mopping them up. ...including but not limited to those in the 'NSE room'
I know its only gonna be a matter of a small time before those who sell off their stakes begin to read the many script of lamentations !!

I like the saying; "For every seller, there is a buyer... the future will prove which none of them had made a mistake."

We are here.

Btw, we acted out on the part in bold on Friday and hope to still do much more !!

...so to those selling off their stakes in UACN, pls sell more !!
For without u, we can not BUY more.

What in your opinion would be the fair price of UACN after the whole exercise.

Access interim dividend arrived safely last night.