₦airaland Forum

emmanuelewumi:
It means the stock is worth N4.00 or more, some big guys or institutional investors want to increase their holdings in company, the easiest way to achieve this is through a right issue. Tony used similar strategy to buy over 1 billion units of UBA shares and another 500 million units of United Capital shares

Intendy:
You are right to some extent,but NO law stipulates that right issue price should be lower than that of the secondary market.
The board got approval from the same shareholders of the company. LOL
Many that even fixed right issue prices below what it's trading for on the floor still got battered and dipped below right prices.
It's left for investors to decide which way he wants to go.
As for me and my house na Jump over mode for this kain stock that is if I even have it.
Though one can reevaluate to know if he should pick up some of his right or all or not to pick after reevaluating his/her portfolio and valuing the company over again.

OakPearl:
You are correct to think rights issue should be lower as it has always been.
But it's not also wrong for rights issue to be more expensive than the market price. It's simply a thing of perspectives. The market thinks it should cost N1.76 at the moment, but the owners or major stakeholders values it at N3.00 per share perhaps with a futuristic timeline, that may be based on information exclusively at their disposal. If they are right in their valuation, it will certainly reflect in their performance/results, and the market will definitely revalue it. But should the market be right, then that becomes their cup of tea.

Intendy:
UACN Property Development Plc - Rights Issue Dealing Members are hereby notified that the Rights Issue of 1,718,750,000 Ordinary Shares of 50 Kobo each at N3.00 Kobo per of UACN Property Development Plc has opened for subscription. Acceptance list opens:Tuesday, 18 April 2017 Acceptance list closes:Friday, 26 May 2017 This is for your information and necessary action please.

samo123:
See Ntel

MontyNG:


So throttling indeed has started

What is this daily limit they speak about?

spartan50:
They are actually feeding the nation.. Even if I don't agree with them but give them a break

saint2ace:
Ntel finally acknowledges their incompetence, find the massage I received...

Dear customer, we are experiencing a downtime on our network which has caused disruption of internet services. We sincerely apologize for the inconvenience. Our Engineers are working hard to restore full services as quickly as possible - ntel care .

thesicilian:
Kwantinue. Whatsoever befalls you will also befall your children.

fxuser:
Fidelity
- 37m bid vs 25m offer
- um

fxuser:
[/quote][quote author=fxuser post=55497831]Access
- SP above 200dma but below 50dma
- SP always respected the 200dma since breaking thru post dividend last year 2016
- it bounced off 200dma after this recent post div mark down but its still going to retest N6.00
- RSI below 50 but above 40 ( umm.. manageable )
- lets watch the retest and see if it finds support (this is where Q1 helps)

For long players
- the weekly shows a pull back from the upward trend
- Since the bearish move in 2013 , trend changed last year May and been on HH and about to make a HL
- that N7 was a major resistance in 2015 , SP went on to drop below N4.00
- N6.00 shud hold ! but we wait

fxuser:
UBA
- shaking off post div sellers
- Sp stays above 50dma & 200dma (very +ve)
- no shaking

Access
- ummm i prefer UBA chart outlook #IMO
- SP below 50dma but above 200dma (long term +ve)


Dis:
not recommendations , just observing
based on TA , if i were to choose , UBA for sure

oyb:
By extension, Ntel are guilty of fraudulent misrepresentation.why are they spamming customers in boxes with stories of downloading 45gb files if it is their policy to throttle downloads to unusable pre 3g speeds after 3gb?

If I wanted to download COD today, it would probably take 3 to 4 days because of their throttling.

toluxa1:
I TOTALLY disagree. There is no such Terms and Conditions from NTEL. The T&C page is right there on their website for everyone to read, there is no mention of such. During the testing period they put it in, for about a week and immediately people complained and they took it out. I remember contacting them that time to confirm and they told me categorically that clause has been removed and there is no cap or throttling whatsoever.

Even before downloading 10mb in a day, I get ridiculously slow speeds so clearly it is not a matter of daily cap, if it is, they would have said so, in response to the countless complaints on twitter. I have been downloading Prison Break S05E01 for 2 days now. Imagine.
The whole point of using NTEL is, No Cap, No Throttling, not thing else, customers know it and the company knows it

EDUECO:
Why sell Fidelity Bank shares for N1.00 now if I can sell for N1.40 in 2 to 3 months times?

goldedprince:
leave that poor idiot, like say na me tell am may eno hustle to remove himself from poverty.
there are some business that you actually have to deal face to face with cash.
btw, most banks aint secured any more

olapluto:
Loud mouthed pauper. Rich people know the procedure to change such an amount of money. No economy can survive with such amount of foreign currency being bought.
This is money laundering nipped in the bud.

priceaction:

Hope he is not part of the nl crew that always shout Na your money? Is it your money? Leave us alone. What has government done for us?So unfortunate he has messed up his service year and may even spend many years languishing in jail because of our useless legal system. Smh

jollymizzle:
there's a difference between owning land and claiming to own it. A friend's family sold their lands at epe and got the full value. So most likely those who were forcefully evicted didn't really have proof of ownership. And you and I know these people's "village" isn't the slum they presently live.

BlowBack:
The funniest thing is that majority of the callous human beings supporting this inhumanity are not even landlords in Lagos nor do they even live anywhere near Lekki

Rather they live in rundown parts of Lagos like Abule Egba, okoko and other far flung suburban slums

Mapet tell me where you live in Lagos

mapet:
1. Sure the matter is/was in court, it's their's for them to turn around.....but it is a lost battle. Meanwhile can you furnish me with details that traces the ancestry of the Otodo-Gbame to any family in Lagos?
2. Ijora demolition stopped by Ambode, yes, but I thought your argument is that Lagos State government cannot demolish residential areas?

jollymizzle:
yes but you and I know there are no laws in the slums. No one should be made to or willingly choose to live in a slum. These people must have villages somewhere let them return. What do you think will happen to kids who grow up in that hellhole

mapet:
1. is it any brainier that having lived all my life in Lagos, gives me the exposure to know who the true Lagosians are? Like I told the other one, show me any documented evidence that Otodo-Gbame has a Lagosian ancestry
2. Was Ijora Badia saga also a market?