₦airaland Forum

OBAGADAFFI:
For investors holding UACN and UPDC is a smart choice.

UAC-PROP on full-bid

For investors holding UACN and UPDC is a smart choice.

Tvegas:
........in the process of progressing the unbundling initiatives, UAC received a credible offer from Custodian. The terms of the offer compelled the Board to re-evaluate the planned approach to deconsolidate UPDC and influenced the Board’s decision to proceed with the sale of a portion of UAC’s interest in UPDC to Custodian, effectively putting an end to the UPDC Unbundling. We are delighted about the positive impact that a strong anchor shareholder like Custodian will have on UPDC and are focused on ensuring a smooth transition.”

So they where looking for investoers, whlie telling us the want to Unbundle.

Well i am happy that Custodian got the large chunk.

onegentleguy:

Stop shining teeth jor

sky2891:
Please, What does this hold for shareholders of UACN?
And how will UACN utilize the proceeds from this transaction?
Exceptional dividend? lol
Fingers crossed

This depends on what UACN wants to offer shareholders.

But UACN is unattractive.

It is better to take position in UPDC and REITs.

Just my opinion

emmanuelewumi:
Never trusted the management of UACN from day one

I think the UACN management were just looking for buyers for (UPDC and REIT).

Custodian gave them a good deal.

emmanuelewumi:
Custodian and Allied Insurance is now the core Investor of UPDC and UPDC REIT

You mean Custodian investment PLC

Good news.

FBN

RabbiDoracle:
There is an unwritten rule that when the developed markets are in recession or depression, investors should spread out to emerging markets where their money will keep working. Money must continue to do work. Where there is uncertainty, investors tend to move into areas of certainty (economies that are not affected).

Those in developed markets are faced with the options of holding cash under a very painfully low yield of close to zero interest or investing in bonds with negative interest. Since more of their companies will be closing down or going into bankruptcies (this has actually started), performance in their stock market will be below par.

On NSE front, we are faced with painfully low yields in the fixed income space or wonderful dividends in good companies. Some may want to hold cash, but for how long? So try reading about recessionary investing and act accordingly.

We will be watching to see what happens.

Naturally those funds should be moving to Nigeria, but CBN capital controls is not helping matters.

FPIs can no longer move funds in and out of the country easily anymore.

Gforce2015:
Someone who.is working in Polaris bank can cover a series of bank accounts? I fear for you oh....make you dey think before you type....

Your comments lack common sense..

Lol, what do you know

onegentleguy:
I've just been informed that the EGM of PZ Nig, originally scheduled to hold today July 28th, has been postponed till further notice.
...my source says a new date shall be communicated to the investing public in due course.

The EGM was due to discuss and approve the acquisition of PZ' food arm, Nautricima by FRIESLAND CAMPINA WAMCO(makers of 3-crown milk)

...It is well.

Wow.

Coast milk and Nunu going

Intendy:
Stocks with new 52 week lows

Guinness #13.75k

International brew #3.35k

CAP plc #17.10k

Berger paints #5.50k

Seplat #312.70k

Mansard #1.44k

Guinness is coming home

kcmichael:
Adam have no shame at all shebi his white wife has divorced him

Really?

morakakin:
She could had been in the wrong place at the wrong time.

According to her,she went to cook for him.

Harvestock01:
Have you checked our foods import bills still? If our source of fx income is dwindling and our fx expense is increasing, that's a recipe for disast*r

leo1234:
Do you know how much Nigerians spend annually to import food and other things we can easily produce?

If not for corruption and inconsiderate looting going on, Nigeria can survive without oil. We have the human resources to move this country forward.

Boarder shutdown has reduced food imports, while COVID-19 has reduced importation on a larger scale.

But FX is still dwindling.

Cuts in Oil outputs is affecting our FX.

leo1234:
Speculators are here again?
It can go either way though
I only pity those that will buy high when the reversal starts.

The reversal will take people unawares.
Nigeria is gradually becoming food sufficient, very soon the importation of fuel will stop when dangote refinery kicks off.
Nigeria will be great again.

Food sufficiency won't help.

Oil and Gas is our major source of FX, and that is dwindling.

RabbiDoracle:
Won't you be paying some many charges as the alerts keep hitting your phones?

SMS, stamp duty....

Anyway Wigwe will catch you this time and deduct all you owe.

Even the constant transferring to brokerage account is adding to the charges.

There was a day I sold some stocks, and immediately bought another set of Stocks.

Both transactions was executed.

But my brokers told me to refund thier money for the purchase, since the proceeds for the sales is with CSCS.

$1 = N475

Very soon

$1 = N500

Coolcash1:
The difference between the two is that when you sell, your bank account gets credited with the proceeds and not your brokerage account. This means you will have to be transferring back to your brokerage account every time you want to buy. I have tried DCS before and had to switch back to brokerage account funding to reduce the impact of bank charges.

So, DCS is not advisable for traders but good for long term investors.

Thanks for this, I am facing same issues with one of my brokers.

Some DCS payment always delay.

I will have to switch to brokerage account.

Guys, i need your candid advice.

Direct cash settlement vs Stockbroker cash account which is better?

I noticed Direct cash settlement always delay at times it takes more a week for payments .

GSK round two movement just stated.

RabbiDoracle:
UACN

Dem go soon come for your head.

Lol, they know na.

They are just having faith a miracle will happen with unbundling.

stcool:
I have started investing heavily into Crypto...

This NSE dey dull, I cannot have all the patience and still watch Naira mess up my investment

The remaining half of the year is me & crypto...NSE can hold the one I have given them

Going forward na observe mode I dey for NSE...Full playing crpto

Crypto is dangerous o, especially those SHIT COINS .

Doing wedding with intravenous injection?

That's wrong.

BullBearMkt:
Hello guys! Is there any pharmaceutical company that has relationship with Pfizer? If I remember correctly, I think Neimeth bought over Nigeria Pfizer sometimes back.

Just reading that UK govt ordered for over 90m doses of vaccine from parent company of Pfizer!!!

Neimeth? Very illiquid

But GSK seem positioned

https://www.pfizer.com/news/press-release/press-release-detail/pfizer_announces_closing_of_joint_venture_with_glaxosmithkline_to_create_a_premier_global_consumer_healthcare_company

https://www.gsk.com/en-gb/media/press-releases/gsk-completes-transaction-with-pfizer-to-form-new-world-leading-consumer-healthcare-joint-venture/

Mcy56:
Okay. Got you.
Gbese on top gbese, but they coy still pay dividend nah
It's well. Nah retail investors go feel the heat.
I hope they'll utilize the funds well anyway.

You get it

Mcy56:
Of course......but the fund will go a long way to helping the couch if it's well utilized.

Well...they have another N400 million + debts, hanging on their necks.

Mcy56:
Should be an intervention fund if I'm right.

But they will pay back with little interest.

No be free money o.

nna777:
GSK and Fidson on full bid

Since Friday

lmm4real:
Thank you sir. I have sent over twenty mails to to that email address and non was acknowledged or even replied.
The phone number just rings on and on no, one picks it.
The website is another story, it has an online chart platform that nobody replies.

If you are Lagos just visit thier office.

lmm4real:
Pls any one with info in how I can contact JBerger register should pls help o, those guys are not serious people.

Contact GTL

274 Murtala Muhammed Way
Yaba
P.M.B 12717 Apapa
Lagos.
Tel: +234-(0)1-2793160-2
Email: info@gtlregistrars.com
Website: www.gtlregistrars.com