₦airaland Forum

Mpeace:
The transcorp hotel is not unbundled yet, if not we would have had our shares of it.

Dum20:
There is something i find interesting going on on the floor of the market.

You GTCO 13million offers at 23.80 and 42k bids at 23.75.

Logic says that the bids at N23.75 will be picked up, but is not the case.

Book trades are showing that the stock is being bought at N23.80.

Does it mean someone is deliberately buying at a higher price when there are cheaper bids?
?

Mpeace:
Just taking a look at transcorp result from last year. Comparing the company's subsidiaries clearly shows they Power sector is all in all. Nothing came from the Oil and gas segment(meaning that asset has fully gone to heirs holding).
I think they need to unbundle or set the power segment on its own cos even with the current OS, the power segment can do wonders.

ojesymsym:
Are we still talking about Seplat here?

NigerianSage:
lol.. ASUU is the new reason why you carry fake news on top shoulder like your bread and butter in life..

See life..

Where is the proof that the US declared war on any country.? Can we at least get that info?

Abi it's still fake news?

ojesymsym:
In pidgin inglis, should we sell our holdings?

Rastaramsey:
This is a big lie...

The Media is trying to deceive Russia once more....

U.s are solidly behind Ukraine...

yMcy56:
There was unbundling before from what I read......
UBA unbundled UCAP, APR and maybe some few other subsidiaries.......
So there can't be any "Holding" again.......all things being equal.

yMcy56:
UCAP
Recognition for AFRICA's best growing company

https://doclib.ngxgroup.com/Financial_NewsDocs/36044_UNITED_CAPITAL_PLC%20RECOGNITION_BY_FINANCIAL_TIMES_LOND.pdf

ololufemi:
My dear brother, I'll share a story with you here. NLPC used to own a Pension Management License before the advent of the Pension Reform Act 2004 and had a lot of corporate and mega oil and gas institutions under their management. When PRA 2004 kicked in, their Managing Director at that time pushed that they should surrender the PFA license and get a PFC license instead.

Years later when organizations like ExxonMobil, Mobil Oil, Central Bank of Nigeria, NEPA, etc moved their accounts to companies like Stanbic IBTC PFA, PAL PFA, ARM PFA and were earning fat fees during those mad capital appreciation days, they realized the folly they had made because they saw their income drop drastically. The Managing Director who recommended the strategy was told to leave. NLPC had to submit that PFC license to apply for a PFA license which they hold today.

I even remember Mr Fola Adeola and some of his team members at GTB saying at an event that he regrets not resigning from the PRA Reform 2004 board at that time because it denied GT Bank PLC the opportunity to partner with ARM PFA to set up a PFA then because of potential conflict of interest issues that some industryplayers would have raised. This would have made them a behemoth in the banking and non-banking financial industry at that time using their commercial banking and bank assurance network nationwide. He has even boasted that Stanbic IBTC for no smell anything near wetin dem get today as Retirement Savings Account customers (over 1 million RSAs).

PFC money na small money compared to the money PFA wey get lots of accounts dey see. PFCs are just like your custodian in the same business warehousing the funds. They don't charge investment management fees or incentive fees.

ololufemi:
The PFC business was a forced one because of the acquisition of Diamond Bank PLC and its subsidiaries. Also, that PFC business is not a cash cow like the PFA business. Access PLC used to be a shareholder in Stanbic IBTC PFA but had to sell their shares as a result of the acquisition.

The PFA business is like an organization printing money. You earn an administrative fee of NGR100 per month per account, earn a management fee as well as an incentive fee for significant growth in your assets under management. Imagine how much they will earn with the appreciation the market has witnessed year to date.

If you have a million customers, the administrative fee will be NGR300 million a quarter and NGR1.2 Billion a year for administrative expenses which are exclusive of your management and incentive fees.

Heishere:
They purchased the PFC not PFA, which is good as they are only 4 in the country. With the purchase it will be 3 now as they will merge it First Pension Custodian. They only house pension funds for PFAs and earn fees from it. So the more funds the more fees...

Wapgod:
How is it good news?
If the business is so good why sell it?
There was no reason given for the sale to shareholders.
Maybe Access bank insiders can shed a light on this?

yMcy56:
With the rate they're accumulating FBNH, I won't be surprised if the next point of call is N15......
People just waiting for 2021 FYE result, if it's good with nice Div payout, FBNH will give them more gap o.......hope it won't be disappointing sha.......

For UBA,there's this 50M bulk buyer, could be that they're deliberately keeping UBA's price low to enter @ circa 7.50 or so.

yMcy56:
Over 1.8Billion staked on FBNH today again......

Princkez:
something is really happening here...May be special dividend loading

Princkez:
did anyone notice that 74M Cross deal on FBNH @12.40

gambojimeta:
Marjorie Taylor Greene is so bad that Georgia voters don't want her on the ballot box again

Mpeace:
Then no want tell us oh. We don ask we don tire. We don give up on knowing. I sold mine on 15% profit and moved.

sonofElElyon:
On full bid my brother.. been going up since Friday I think.. not sure it's wise to keep on bidding since no assurance it won't retrace..

p.s. check samguru's posts for likely reason it's going up

sonofElElyon:
Shucks, didn't get nnfm today.. o well

1stGenAmerican:
This guy was supposedly on the frontline fighting, not doing weapon coordination. The US isn’t obligated to confirm this news, it’s simple to find his family and verify the truth or lie.

1stGenAmerican:
Eastern Propaganda. Few ex US military personnel are fighting in Ukraine because Dept of Defense made it clear that joining would cause their payments and pensions to be cut.

Fake news. Wishful thinking. Eastern Propaganda

emmanuelewumi:
Dig deeper another way to know is the stocks in the portfolio of equity funds of their Asset Management business

emmanuelewumi:
They are not independent, they are subsidiaries. Their accounts are consolidated with that of the group

emmanuelewumi:
They need to unbundle the businesess and list them separately, that will make it easier to analyze the company and unlock value

emmanuelewumi:
They only sold Bagco. FMN needs to be unbundled in order to create value for shareholders

jideflash:
Caverton had a plane crash

emmanuelewumi:
Poor profit margin and low return on equity.

They need to unbundle the business into about 4 different Businesess in order to unlock value.

1. Sugar
2. Flour Mills and pasta
3. Agriculture and agro processing.
4. Fertilizer

Mpeace:
BUA foods is worse, the other shares up to over 99.9% are owned by bua limited, bua industries, Rabui jr and some other persons with Rabui in their name. My question is why do they come to the stock exchange if almost the entire shares are owned by the samr family.