₦airaland Forum

Mpeace:
Since

Thanks,

I notice from CSCS Statement that my WEMA stock has been reduced.

Strangely my Portfolio is still showing the old value.

These are the guys Awolowo, MKO and co copied when it comes to Investment and Real-Estates.

Some own Half of Lagos.

Has WEMA bank done their Share reconstruction?

Igbofam2:
Then joined the infamous Wagner PMC contracted by Putin in this war. I am sure you saw that part.

He is just a Military contractor justlike the US Military contractor fighting in Ukrain

Resigned since .2013

Botashev asked the court to refrain from giving him a prison term, saying he had resigned from the armed forces immediately after the accident. He also asked the court to take into account his remorse and his good service record, his government awards and his financial status.

https://sputniknews.com/20130423/Russian-General-Pleads-Guilty-to-Causing-Fighter-Jet-Crash-180797687.html

https://www.upi.com/Top_News/World-News/2013/04/23/Former-Russian-general-pleads-guilty-to-crashing-fighter-jet/83371366724518/

So Russia is Victorious, I thought Ukraine is winning

Opolopoopolonio:
And he is getting the weapons and doing justice with them.

4 attacks on Severodonetsk were repelled some hours ago.

Ok

Opolopoopolonio:
Gone to where. The battle hasn't even started. Mariupol will be child's play.

Keep dreaming, this is realty.

Even ZELENSKY knows what is going on, that's why keeps tell the US to send more weapons.

Opolopoopolonio:
Ukrainians are UNITED in this war against the adversary, Russia.

So where will the militant factions spring from

Donbass region is gone.

Those foreign fighters will become militants

Opolopoopolonio:
Sorry to disappoint you. This war may drag on for years. Ukraine may get more sophisticated weapons from the West.

The West have been looking for this golden opportunity to punish Russia for decades.

The UK have a special axe to grind with Russia. They will never let this opportunity slip away.

Ukraine will become another devastated Syria with different factions of militants fighting each other

VictorUSA:
Chuckles The war that increased the relevance of NATO; united France and a host of other countries with the US; reduced Russian oil prices as they sell it in a cheaper price to the few countries that buys it; that saw US courting India's Narendra Modi to win its interest in buying US made weapons;that saw Russia isolated;that saw many countries seeking alternatives to Russian oil and gas;that saw Russia reducing its stockpile without significant achievement in an aimless war;that saw countries cueing up to purchase American made weapons in the US;that saw Russian economy down to nothing.I pity putin and his boys

NATO =US

It's a catch 22 for Europe.

Kingsnairaland:
zelenesky will cash out like that Afghanistan president cash out lol.

America will gladly hand him over to Putin if he tries that.

That 40bn is for American Defense industry and contractors

Drenimarcus:
Since the beginning of the special operation in Ukraine, China has started to reduce its investments in US government bonds. The volume of such investments is already at the minimum since 2010!

China don't want to experience sanctions that will freeze Thier investments.

They're going to waste $40bn

It is imperative that the Ukrainian government’s decisions be based on a realistic assessment of its means and how much more destruction Ukraine can sustain.

Ukraine is not capable of doing that, except the US support them with weapons and manpower

Mpeace:
This is a better picture of transcorp hotel shareholding structure. Mind you it just returned to profitability.

Thank you for this.

I feel Transcorp shareholders aren't benefiting from the hotel investment.

Thay should unbundle it and give Transcorp shareholders unit of the hotel.

Mpeace:
Yes, but not unbundled. Transcorp still has majority stake.

Wow, I will like to know the % Transcorp has in the Hotel.

Let me do a digging up of Transcorp Hotel share holding.

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

But it is listed separately.

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?
?

You will get it for N23.80 If you buy at the Market price.

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.

I don't support this idea.

Same way they unbundled Transcorp Hotel?

ojesymsym:
Are we still talking about Seplat here?

Multiverse Mining & Exploration Plc:

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?

You mean spending $35bn is not going to war?

US citizens aren't as dumb as Nigerians.

They know US is fully engaged in the war.

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

Just ignore that, 0.22koko stock.

Even if them give bonus, i no go buy.

Rastaramsey:
This is a big lie...

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

U.s are solidly behind Ukraine...

The US is not stupid, they are simply funding the defense Industry thought Ukraine war.

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.

.......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

I just hope Uncle Tony will leave UCAP as an independent company and not try to create UBA-Holdings with UCAP as a Subsidiary.

You can't predict these Guys.

Corporate Announcement on the Appointment of Chairman - Seplat Energy Plc

https://doclib.ngxgroup.com/Financial_NewsDocs/36045_SEPLAT_ENERGY_PLC%20CORPORATE_ANNOUNCEMENT_ON_THE_APPOIN.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.

I think you are an Industry Insider.

So i won't argue much with you

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.

According to PENCOM

Pension Fund Custodians (PFCs) are responsible for keeping safe custody of pension assets on trust on behalf of contributors. The main functions of PFCs are to receive pension contributions on behalf of PFAs; settle transactions and undertake activities relating to the administration of pension fund investments on behalf of PFAs and to notify the PFA within 24 hours of the receipt of pension contributions from employers.

This means PFCs are making money Both from PFAs and millions of customers.

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...

Just 3 PFCs managing Billions of funds between Contributors and PFA.

That's huge amount of funds.

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?

PFC is very profitable with little competition
Access bank shouldn't have sold that PFC.

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.

FBNH will be interesting to market watchers.


And Access selling her pension fund arm to First Pension Custodian a subsidiary of FBNH is a good News.