₦airaland Forum

samguru:
September

samguru:
AIICO goons

Share price marked down for another 1 for 5 bonus.

NB
This is the second bonus AIICO declared in this year 2020.

mumu9gerian:
This man, na you make me buy oando that time wey i just dey check this thread, please be calming down ooooo, me i no dey believe anything you talk again oooo. I never comot for that oando trap wey you put me

arduino:
Any idea which of them in that sector he is looking at?

longlife20:
For every 7 shares, you get extract 17shares making a total of 24shares.
The total authorised shares was N5.25billion ( 10.5billion shares before) and
the newly created shares is 25.5billion. if you add the new created and the existing shares it will give you 36billion. ( The authorised share capital of the Company be and is hereby increased from N5,250,000,000 to N18,000,000 (36billion shares), by the creation of additional 25.5billion ordinary shares of N0.50K each.)
After reconstruction, it will (36billion/4)=9billion against the previous 10,5billion shares.
But the nominal value of previous share was 50k that is NGN5.25billion after reconstructiin the nominal value will be NGN2 that is (2*9billion) which will be NGN18billion.
Assuming you bought 7shares now and you get extract 17 shares making a total of 24shares which normally will be at nominal value of 50K, so that will NGN12 after reconstruction the 24shares/4 will turn 6shares but the nominal vaue will now NGN2, which will give you the same value 6*2=NGN12.

emmanuelewumi:
Pray they will follow their Church mind

emmanuelewumi:
For now they are qualified for about 700 million units of UPDC REIT shares

emmanuelewumi:
UACN still has 45% of UPDC, used to own 96% before the sale of 51% to Custodian Investment

emmanuelewumi:
Are you sure of that? After the unbundling of UPDC, UACN will get about 700 million units of UPDC REIT shares. Which I pray they will give to UACN shareholders

bigjay01:
Please ignore the date I quoted earlier (pls edit the post where you quoted my earlier post so one is misled).

See attached

Penboy:
Hmm.. I see a dip sha.

For the past 3 weeks, the trend of Fridays have been "taking profits" and then "Rallying" on Mondays.

That's what I've just observed. Let's see how the market goes.

I'm sha getting set.

sellydion:

swilo:
Initial nominal value per share is N0.50 before reconstruction. Afterwards, it will be reviewed up to N2.00

Mcy56:
You may be right.
Reconstruction most times have negative effect on the share price of the coy...........
I wont advice anyone that didnt enter the stock at around 1.50 to go into it........................again, I may be wrong, there may be exceptions, but for insurance, there's always apathy to the sector............. its just my opinion anyway.

Heishere:
Chief the qualification date is 14 Dec 2020

debeey87:
Baba there's no mention of 14th December 2020 anywhere on the document

swilo:
My question is who will pay for the bloating of the books. If no one pays they the market price will make that adjustment for now. Meaning Mansaard may likely sell for sub 1 when the time comes but the trick of improving the EPS makes it confusing.

Can anyone help me here please?
Correct me if I am wrong. Abeg.

Physco4221:
What stock can I buy now and sell within a short time to make profit

Mcy56:
Thanks Bro.
Those guys are wise. I can see why you said they're trying to mess with investors mind.............

Mcy56:
Market is on green level this early trading hours........
Mansard getting positive attention on the announcement of 17:7 bonus issues.....

OBAGADAFFI:
AXA MANSARD INSURANCE PLC -Issuance of Bonus Shares

2. That in accordance with section 383 of CAMA, and Article 111 of the Articles the funds for the time being
standing to the credit of any of the company's reserve accounts or to the credit of the profit and loss account
or otherwise available for distribution, up to the sum of N12,750,000,000 (Twelve Billion, Seven Hundred and
Fi�y Million Naira), shall be capitalized, for the purpose of issuing Bonus Shares as fully paid shares to the
shareholders.

3. That the newly created 25,500,000,000 (Twenty Five Billion Five Hundred Million) ordinary shares of N0.50K
each be issued and allotted as fully paid bonus shares to the Company's shareholders standing in the
register of members of the Company as of 23 November 2020 (the Relevant Date); in the proportion of
Seventeen (17) new ordinary shares for every seven (7) ordinary shares held as at the Relevant Date (“the
Bonus shares”).

OBAGADAFFI:
AXA MANSARD INSURANCE PLC - Consolidation / reconstruction of shares

5. That, in accordance with Section 101 of CAMA and Article 44 of the Articles; the nominal value of the issued
ordinary shares of the Company be and is hereby altered from 50 kobo each to N2.00K each, by the
consolidation of every four (4) shares held by each shareholder into one (1) share.

Mcy56:
Newbies should stay away from JIJO!
It's not an area for beginners but for pros.
A lot goes into Jijo-ing more than you think, it's not only about buying or selling alone.
Some professionals handles it like a career.
When you're Jijo-ing, remember you're also trading together with the professionals who are more experienced and are in possession of many tools necessary to carry out the trade successfully more than you are.

Chai!!! See as Mcy is just dishing out info offhand like a pro. Lol.

locodemy:
If they can have basic knowledge on when to key into a stock,they will win.

They need to know resistance,breakout,support etc.

Plenty school fees onboard.

Mcy56:
How come?
You guys still needs more learning on patience sometimes.
What happened to you averaging down?
As an investor and trader especially, you need to deal with your emotions, have a personal objective on why you're investing and decide the type of investor you want to be.
Understanding this will assist you to make some better investment decisions.
Stock market is not just about the Bull alone, but also about the bear. About the operating environment and it's economic situation.
Make I stop there, I wan go market.

NB: I'm really learning some things from the book " How to Day Trade For A Living" courtesy of Coolcash1 (and few other ones anyway)
Thanks Bro.

emmanuelewumi:
No possible Coronation is the side hustle of Aig and Wigwe.


No records of Coronation as a shareholder of Access

Monibabakan:
Investnow platform back now

Monibabakan:
It has been down since yesterday and got a mail regarding that.

OBAGADAFFI:
AXA MANSARD INSURANCE PLC - Consolidation / reconstruction of shares

5. That, in accordance with Section 101 of CAMA and Article 44 of the Articles; the nominal value of the issued
ordinary shares of the Company be and is hereby altered from 50 kobo each to N2.00K each, by the
consolidation of every four (4) shares held by each shareholder into one (1) share.

OBAGADAFFI:
AXA MANSARD INSURANCE PLC -Issuance of Bonus Shares

2. That in accordance with section 383 of CAMA, and Article 111 of the Articles the funds for the time being
standing to the credit of any of the company's reserve accounts or to the credit of the profit and loss account
or otherwise available for distribution, up to the sum of N12,750,000,000 (Twelve Billion, Seven Hundred and
Fi�y Million Naira), shall be capitalized, for the purpose of issuing Bonus Shares as fully paid shares to the
shareholders.

3. That the newly created 25,500,000,000 (Twenty Five Billion Five Hundred Million) ordinary shares of N0.50K
each be issued and allotted as fully paid bonus shares to the Company's shareholders standing in the
register of members of the Company as of 23 November 2020 (the Relevant Date); in the proportion of
Seventeen (17) new ordinary shares for every seven (7) ordinary shares held as at the Relevant Date (“the
Bonus shares”).

locodemy:
Wow!
Oando is ripe for tomorrow.
Can you see the reason?
Look well and guess.

Anyway,plenty Jijo Don ripe for tomorrow.