₦airaland Forum

I just learned that FIDSON is manufacturing for GSK in Nigeria.



https://ng.gsk.com/media/783940/glaxo_smithkline_consumer_nig_plc_corporate_actions_april_2019.pdf

TLAX:
Yes. I paid the N1000 fee. Same for Meristem Registrars. Africa Prudential is free.

Ok thanks

TLAX:
Very real.....and helpful too. I saw past dividends i didn't even know i had not been paid.

I got this mail from datamax

We noticed you were unable to authenticate on our new shareholder’s portal.

We will like to authenticate you via your signature in our record.

Kindly fill the form attached and send to maxview@datamaxregistrars.com along with proof of payment of NGN1,000 access fee to the account number in the form.

sellydion:
Expected because of the intended HOLDCO structure,

Wow, hope it goes well

GT gets a PFA license rumors.........

Good morning all.

Is anyone here trading on AFEX Commodity exchange Nigeria.

afexnigeria.com

eziokwunwoko:
Your screen shot absolutely wrong ETI has no EPS of 4.69
Place check your data.
I want to invest in ETI but not at the current price of 4.20.
Preferably 2.50

Wow thanks.
easykobo did not update their site.

ETI is badly battered.

Justcul:
Not taking dividends into account, ETI is the cheapest and most undervalued bank in the industry at the moment.. risk to reward ratio is extremely low..

Haba,

ojeysky:
+1 still strange why people will prefer gtbank over Zenith, especially for dividend hunters. Their return is usually similar yet zenith is cheaper per unit

GTB for JIJO traders.

Zenith for long-term, good dividends.

;

Justcul:
Access is extremely undervalued my people.


One word, BUY!

Wetin me sabi sef?

I prefer Zenith .

Zenith is currently one of the cheapest stock on the floor.

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CashDiMkpa:
Oh Ok...for a minute there i thought you meant AIG Group of US.

That entity is controlled by Aig and Herbert. I guess that's where Herbert will retire to as well if he leaves next year as is rumoured.

Aig and Herbert just collected the remaining change from Intercontinental bank.

You know WAPIC was intercontinental subsidiary

Another Freez follower.

Maybe Freez should sort out his marriage Crises before dabbling into matters higher than him.

Op even called Oyedepo an heretic for Prosperity Gospel.

These are the insult we see talking about

dgitrader:
can you give more insight on Wapic.
aside the change of name/ownership, i dont understand why its not moving with the insurance train

OBAGADAFFI:
Aigboje Aig-Imoukhuede's company Coronation Asset Management Ltd

https://nairametrics.com/2020/02/28/wapic-chairman-aig-imoukhuede-increases-stake-in-the-insurance-firm/

It should be recalled that in September 2019, WAPIC, through its stockbrokers, Coronation Securities Limited sought approval from the Nigerian Stock Exchange to list a Rights Issue of 15,613,194,623 ordinary shares of 50k each at 38k per share, on the basis of 7 new ordinary shares for every 6 ordinary shares held. This was in compliance with the deadline set by the National Insurance Commission (NAICOM) for insurance companies to recapitalize.


Also, Aig-Imoukhuede FCIB, CON is the former Managing Director of Access Bank Plc. He is the founder and Chairman of Coronation Capital Nigeria Limited and the Africa Initiative for Governance. He is the Chairman of Associated Discount House Limited, Chairman, Board of Trustees of the Financial Market Dealers Association, former President of the Nigerian Stock Exchange, first African Co-Chairman of the Global Business Coalition on Health and so on.

WAPIC is now Coronation Insurance Plc.

CashDiMkpa:
WAPIC? That just changed name to Coronation last week? Source please.

Aigboje Aig-Imoukhuede's company Coronation Asset Management Ltd

https://nairametrics.com/2020/02/28/wapic-chairman-aig-imoukhuede-increases-stake-in-the-insurance-firm/

It should be recalled that in September 2019, WAPIC, through its stockbrokers, Coronation Securities Limited sought approval from the Nigerian Stock Exchange to list a Rights Issue of 15,613,194,623 ordinary shares of 50k each at 38k per share, on the basis of 7 new ordinary shares for every 6 ordinary shares held. This was in compliance with the deadline set by the National Insurance Commission (NAICOM) for insurance companies to recapitalize.


Also, Aig-Imoukhuede FCIB, CON is the former Managing Director of Access Bank Plc. He is the founder and Chairman of Coronation Capital Nigeria Limited and the Africa Initiative for Governance. He is the Chairman of Associated Discount House Limited, Chairman, Board of Trustees of the Financial Market Dealers Association, former President of the Nigerian Stock Exchange, first African Co-Chairman of the Global Business Coalition on Health and so on.

CashDiMkpa:
Heart breaker. Keep your distance.

AIG finally bought the company.

WAPIC

Heishere:
So it is better to buy UPDC than Custodian?

Lol, I'm trading my plan o.


Plan your trade and trade your plan.

TLAX:
Very likely. They already own over N9 billion of investment properties as at last year end and this made up about 7% of their total assets. The 51% of UPDC they bought will almost double that figure "notionally" by end of 2020.

Wow, that is huge.

I know Custodian will manege UPDC well

I have been quietly loading UPDC since i heard that news.

TLAX:
http://www.nse.com.ng/Financial_NewsDocs/31374_U_A_C_N__OF_NIGERIA_PLC.-AM_AND_P_ADVISORY_SERVICES_AC.pdf

PURCHASE OF SHARES
55,100,000
N5.68 PER UNIT

Mcy56:
Could be a possibility.
You know UPDC has some assets in choice areas like VI, etc. They must have looked beyond her present state I think.

Yes I believe, those assets are the reasons they are investing in UPDC.

Mcy56:
I equally wondered what they saw in UPDC to have decided to buy such high stake.

However, I blvd they were well aware of UACN's struggle with the coy before selling it over, Custodian my have other plans in place.
Also, Custodian may decide to allow UPDC operate as stand-alone subsidiary, thus, avoiding similar mistake made by UACN and still continue to deliver value to her shareholders.
We wait and see anyway.

I suspect they sited huge Assets(lands and properties) in UADC.

Mcy56:
Think it's panic selling out of fear by some investors.
The lower it fall, the better the opportunity..........though it fell with just 5kobo on Friday and it's back to the support (4.80) again.

UPDC purchase isn't going down well with some investors

DexterousOne:
Trump has to leave the White House in my opinion

He has done enough damage


And the economic destruction is primarily his fault

With his wrong policies

That how I see it tho

He is done for
Regardless of the outcome of the election

It will be difficult too defeat Trump.

RabbiDoracle:
I think there are powerful underG people wey no want DT. Even DT dey use im mouth talk am. So they want his presidency to be with a negative record (2 crashes in a year, many deaths due to covid, allies running away, US citizens banned globally and ultimately collapse of USD). All under one man. History books will be filled with it.

What of those dudes(megamart247, stcool) wey dey spam here with how US stocks is better than slice bread?

No doubt, foreign stocks are great form of diversification. But once you enter at a high, you are in for a severe capital loss.

I know China don't want Trump to come back.

Lots of Dems don't mind destroying US economy, just to let Trump loose.

RabbiDoracle:
Looking at my charts: Brent has entered into a bearish vortex.

There is a high possibility of Brent going below $20. If it goes towards the March low of 16, then all oil producing countries will battle with revenue issues, currency crisis, social instability.

Something should cause Brent to spike and rise rapidly after touching the low. Is it a war? Who are the parties in the war? I don't know. But if oil falls low again, a catalyst will force it to rise very fast.

Wait for Bitcoin at 3,200 those who do cryptos.

I notices that movement, yesterday.

I have a feeling US elections impact world market.

Mcy56:
Coronation Insurance Plc
No be small thing. Make dem kuku call am Corona Insurance Plc nah.

Apparently, Aigboje Aig-Imoukhuede's company Coronation Asset Management Ltd finaly acquired WAPIC INURANCE.

Remember, Aigboje Aig-Imoukhuede was Access bank Managing director, when Access bank acquired Intercontinental Bank.


Also remember Wapic Insurance , was Intercontinental Wapic Insurance

Mcy56:
Coronation Insurance Plc
No be small thing. Make dem kuku call am Corona Insurance Plc nah.

Intendy:
Stocks with new 52 week lows

Custodian & allied #4.75k

The initiates plc #0.57k

Why is Custodian falling, hope UPDC purchase is not affecting them