₦airaland Forum

lancee:
Latest Tbills auction results not looking good ..Think few banks div yield are better

Since 2016 T-bills have been unattractive.

Nkanlolaa:
Is Our Saviour's real name Jesus The Christ or Yeshua Hamasciach? And explain why.

Very simple right!
Unfortunately it is not so simple as there has been debates coming up of recent concerning this matter but I will leave you guys to answer the question first. Remember you must explain why you think it's either of the two names you picked.

YES.

JESUS is the English translation for Iesusu( greek).

Most Jews have both Hebrew and Greek names.

https://www.premiumtimesng.com/news/top-news/569649-dantatas-mrs-gave-nnpc-300-million-to-acquire-chevron-asset-to-receive-over-four-year-oil-supply-in-return.html

UBN Alarts

Ginalex:
Please when is the last qualification date for the NB's 1 for 4 bonus issue?

Tuesday 6th December

propertyhunter1:
That was never a penalty.

It was.
The hand changed the ball direction

9free:
My brother you no sabi wetin dey.
The worst thing to do now in Abuja is to drive at night.
All the metallic lids of manholes within and around the city have gone missing thus causing fatal accidents here and there as motorists bump into them unknownly.
E be like say those "baban bola" boys for Abuja dey read your posts for NL

Almost all the manhole lids on Lagos have been removed.

BabsO2:
He has been alerting about the decline since long and been doing his best to execute existing CBN policies for fx earning through export drive and import substitution. And shouted earlier this year that NNPC is remitting nadding o. And there was a little back and forth from NNPC. Now the new NNPC has kuku come out saying their new way now is not to credit CBN reserves but keep everything. And if they declare a profit it will still not go to CBN reserves but I think finance ministry. So Emefiele cannot keep mum with this new twist. He needs to start shouting so that people go hear.

The said NNPC is no longer a government agency.
CBN governor allowed himself to be manipulated since 2015, why is he talking now?

yMcy56:
Don't really know.......but can only wish them all the best.
Maybe they could have spoken with the Registrar to know the way out of it sha.

My concern is that, TITAN plans to own 100% of UBN shares. They bought all the majority shareholders out, so why would a tashere minority holder wants to keep holding unto it?
What if they end up forfeiting those shares?
Did you consider such option as well??
Did you read thru the MTO offer document??

CC: Obagadaffi

Well, this MTO looks fraudulent.

I remembered Dangote Flour/OLAM MTO, I didn't fill out any form, OLAM just bought all our Dangote Flour and paid us the agreed amount.

yMcy56:
Why not speak with Cardinal Stone or send mail?
I sent them a mail and they were responsive and did so on time too.

I sent them mail for some units, but I still few units left.

Wapgod:
Yes

I will hold my small remaining units.

Wapgod:
Union bank will be delisted from the NGX and be listed on NASD.

So my shares with Union Bank will still remain intact with TITAN BANK on NASD?

beejay1:
Hello House, Please what happens if I dont take up the 'takeover' offer made for union bank shares by Titan bank? Are they converted to Titan bank shares?

Having the same question.

ositadima1:
Berger paint @ below 6 is a good bargain. In my opinion d company will fare d way of Vitafoam once they get a couple of things right.

It has had its revenue going up year after year without carrying d bottom line along with it. I hope dey can cut cost of sales and be more efficient. Debt is managed very well.

One problem, it is not liquid.

Below 5 is better bargain

52 WK Low
5.7

52 WK High
8.35

Wapgod:
In addition, you can request for a CHN merger from your stockbroker if you have two or more existing cscs account with different CHN.
They will give you the requirements and the amount you are to pay to cscs or your stockbroker bank account.

This is the best option, since most brokers will automatically give you new CHN and CSCS numbers when you open a new account.

yMcy56:
NB PLC
Up with +10%.....N4.10...
On full bid @N45.35

Due to the Bonus and Dividend news.

thesilentone:
If you have CSCS Subscription, please login and check your portfolio, something is not quite right with mine (first issue since I subscribed). I've gone from double digit companies to just one

Laughter is my only reaction

Really ?

My people, what will happen to my Union banks shares if I don't accept the offer?

BabsO2:
I would not have taken it seriously if not for CBN being the one raising the issue. The issue was raised as stated in the story, but how it could materialize was not included in the story.

I believe it is a false Alarm from the CBN, the CBN has been known to protect commercial banks.

And by law only commercial banks are money deposit banks.

I don't see Fintechs overtaken commercial banks soon.

BabsO2:
JUST IN: Fintechs May Crash Commercial Banks &#; CBN Raises Alarm

https://techdigest.ng/fintechs-crash-cbn/

This doesn't sound nice. It means a time is coming naija banks will loose streak of profitability. How much time do they have left before fin techs start eroding their profitability significantly

Fintech can't crash commercial banks.
Commercial banks are also Deposit money banks

Nigerians are still dealing in cash transactions and Fintech can accept cash.

Backpedal:
I believe that banks will still have their branch network
Because a drastic reduction in their branch network will severely hit profitability of tier one commercial banks

No, it will increase profitability due to reduced overhead expenses.

That was once the secret of GTB profits, few branches and lots of costumers.

Redoil:
why na

They are recently declared Interim Dividends

Willie2015:
Decline in Oil Production...

It's shocking.

Even Addax Petroleum finally shutdown.

What is happening to Seplat

emmasoft:
It's a new development.

Q2 interim N7 and now Q3 interim of N2.
Total interim this year N9.

Oil money whether under d ground as crude or top of tree as palm is sweet money.

Dividend lovers enjoy while it last.

Wow

BabsO2:
Presco kicked off twice a year last year and has sustained it with an increase this year. Not sure of when Okomu started.

So Presco pays 2 interim dividends and 1 final dividend Every Year.

Is OKOMU paying interim dividend twice a year?

yMcy56:
There should be a form to fill.....
Maybe they're doing it one at a time......further instructions should come after qualification deadline...
...but if there isn't, all well and good.

** Since Cardinal Stone will be paying, just ensure you have your E-Dividend mandate activated with them.

*** Good thing is that Cardinal Stone now has online portal for filling and submitting E-Dividend Activation Form......Without going thru the paperwork of submitting hard or scanned copy***

Since it is Mandatory, filling out the form should not be necessary.

They should just credit everyone on the register at qualification.

yMcy56:
Weldone sir..
How else would UBN/Titan have given you enough time when they've been on this issue for over a year?

Many people don wait tire and sell off self.

Think we've been discussing this here but got tired of it at some points too........but when bulk purchase was done and paid for, you should have expect that buying out of minority shareholders is around the corner.

This is how HW's scenario will likely play out too......only issue here is that both FMN and HW are listed on NGX, so it may take another dimension....(or may not).


You see nah...

They caught me off guard, lucky I haven't sold.

Honeywell is next target.

yMcy56:
Exactly!!
Some even got @1.50, meaning it traded @37k......even trading below Chi PLC, Cornerstone and few others.

For what it should be, Mansard shouldn't be trading below it's nominal value......and the result released so far wasn't that bad to warrant such.

After reconstruction, Mansard opened @3.32........meaning it traded @0.83k prior to suspension for reconstruction...........and has since falling up to this point....0.37k....

Maybe Q3 will again give more guide and shed more light to it......

This is my anger with stocks doing reconstruction and the raising of nominal values.

thesilentone:
Madam @Mcy, please what is Mansard's story?

Their company secretary has refused to reply my emails so I'm asking for street news as per you are well informed on matters like this.

What is the news?

yMcy56:
UBN
At long last, Titan Trust is buying out minority shareholders......
@Mpeace are you still holding unto it?

From my % calculations now,
Bulk purchase from majority shareholders is 89.39%
Minority shareholders: 6.59%
So, 89.39% + 6.59% = 95.98%

Who owns the remaining 4.02% .......Or maybe this was acquired off record.

** For those planning to take part in the Mandatory Take-over @N7, if not already seated in the bus, you have only today and tomorrow to key into it.

Qualification Date is Monday 31st October 2022
..BUT for settlement purpose (T+3days), you have to buy latest 26/10/2022.
REGISTRAR: Cardinal Stone

They didn't even allow me to accumulate more.