₦airaland Forum

One thing I like about the NSE is that you can make money in times like this. You only need to distill information properly, and stop looking at prices everyday.
1. TA guys predicted that the market is on the uptrend (Onifa, I see you).
2. A few loss making companies announced their turn around plans. Their current share prices are about 10% of what they used to be. They pulled of loss-making subsidiaries (e.g. Wapco, UACN). Accountants like Pluto and Rebekah analysed here that such divestments will be good for the company results going forward.
3. OGG now makes an analysis (which makes a lot of sense)of what you will get when you invest in such stocks. Case in point: FO BO will be prorated. It seems it has. You don get expo o.
4. OGG and I think Peteru have made postulations on what you will benefit in UACN, the number of shares you'll get in REITS and UPDC. Also that 85% of debts was in UPDC. Simply multiply what they say you'll get by current share prices.
5. Get a good sum and buy those shares, and move on.
6. Guy, if you no make money from NSE with all this info, and you're still asking about hot stock, then you're on a long thing.

It appears so.
I think it was OGG who explained that it was going to be prorated. I took a decision after I read his explanation and sold off all my units leaving about 500. I had about 10k units of FO at that time and had offered 50% for the BO. When I divided the credit I got yesterday by 66.25 (the BO price), it appears I was credited for about 80 units.

Jymsyno:
I offered my FO for grabs in the tender offer by the new bride. I have just 200 units but was dumfounded when I got alert for N198.25 in my GTB account today. In my calculation that is just about 3 units. A
Is it prorated?

Peter, ahswear, if that December announcement make sense laden!!! Na like your pix below I go take waka enter 2020. I go dey move around with escort, and 1 helicopter go dey always follow me from above. Even when I enter plane, helicopter must follow. Swag mi ma bad

PETERiCHY:
Those of us in UACN rightnow

On a more serious note. Write a letter to SEC notifying them that you still wish to keep your DF shares. Provide your CHN and CSCS details in the mail.
Nwanne, you need dem email addy?

Oakbranch:
Like the banks are actually standing still. Can somebody guide before i lose my small units I left in dangflour before Olam buy over.How can I get the payment for those units.

Heheheheheheh Dangflour ke! lago me lo?!!!

Oakbranch:
Like the banks are actually standing still. Can somebody guide before i lose my small units I left in dangflour before Olam buy over.How can I get the payment for those units.

Thx bro.
Edited

bigjay01:
unless you mean they are going under!

Sir Loco, all 3 stocks; FCMB, FIDELITY, & UACN, have delivered about 30% in the last 3 months. Also, no share price moves in a straight line. Even if a stock will deliver 1000%, it's price will move in a zig zag manner. So all stock prices move "irrationally". Also, when you say "oxygen" , do you mean cash? UACN simply wrote-off a bad debt in UPDC, on which they may still get some cash back. Banks carry NPLs too. Provided current assets can meet liabilities, the company is a going concern. I own all the 3 stocks, just trying to provide some perspective. All prices are right per time, they are largely influenced by perceptions, speculations.

locodemy:
Of course fcmb will still move
But not an oxygen stock.
Why Uacn is behaving irrationally is due to no oxygen.

So why I do jijo in Fcmb,
I do a safer investment in Fidelity.
Hope you are getting my point before anyone misquote me o.

@Bamofin: Hope u got answers to ur questions? I think a lot of UACN folks will offer their REITS and UPDC prop shares for sale, once the spin offs are completed. At least, that's what I'll do. It's just a bonus na . So, maybe the REITS price may fall in the medium term. Well, one never really know these things
Hopefully, by April/May 2020, UACN would give me good dividends(REITS & PROP shares) and great capital appreciation.

Ogas OGG and Loco, calm down nau. A lot of folks are looking up to u guys. Let peace reign. Like play play, I had to come in armed.
By the way, wey Onifa? We wan ask am some questions about hin tools for baracks.

Guys, I got a mail from a fellow Nairalander. He asked a question, and he's given me permission to post here.
Bamofi, I'm sorry for not being able to respond on time. I'm still trying to recuperate from a surgery. I'll log-out immediately I post your request:

Hello bro, I have been a silent reader on NL for more than a decide mostly on stock and property sections. I registered recently as I wanted to ask questions on means of following trade on stocks listed on the REIT board of the NSE. About a month ago I bought a sizeable quantity of updcreits at N5 because I saw on the NSE corporate disclosure that the will pay about 62k dividend in November. My stockbrokers say they do not know how I can follow trade in the stock online realtime. You recently asked question about the stock hence my contacting you. My question is whether you know how I can follow trade in the stock o line as I want to sell immediately I qualify for dividend. The stock is updcreit, not updc. Having just registered am not yet allowed to post on nsepa. You may also help me post the query on Nl too. Thanks. Bamofi 1

Thanks boss.

735i:
The regular names. GTB, Nestle, MTN, Dangcem. PFA's are buying. But in tranches. They're trying to get in without moving the market.

Abeg, those wey dey work with PFAs should come and give us insights o. What percentage of funds will be affected? Estimate in Naira? Will it cause the % allocated to equities investments to go up? Are u guys looking at blue chips alone?
Remember, no dey chop alone o
1 will chase a thousand, 2 will chase 10 thousand. Never walk alone

PETERiCHY:
The exercise of the discretionary power of the Central Bank of Nigeria (CBN) to regulate the economy may soon have a negative impact on the country’s N9.4 trillion pension funds.

The CBN had, in a circular signed by its Director, Financial Markets Department, Angela Sere-Ejembi, directed banks to exclude individuals and local corporates from investing in Open Market Operations (OMO) auctions with effect from October 23, this year.

https://thenationonlineng.net/cbn-ban-on-omo-threatens-n9-4tr-pension-investment-returns/

Oga Dipo, please o, do you have the highlights of UPDC REITS AGM?

dipoolowoo:
Brent Trades Close to $63 as ...

Thanks boss. I really appreciate the help. I needed to get as much info as I could. I have made it 30% of my portfolio. I also had to download the last conference call to get more insight. I think everything will be resolved over the next 6 months.

rebekah2011:
UACN is currently priced at N6.20 and with current Q3 results excluding UPDC operations, it is on track to ...

Agbalowomeri:
Signing out for the year
Many thanks for the opportunity to learn from you all
Merry Xmas, happy new year in advance
Wishing you a red November candle

Kisses to my ladies in the house
Jah bless

We go miss you ooo

https://www.youtube.com/watch?v=cmSbXsFE3l8
https://www.youtube.com/watch?v=cmSbXsFE3l8

rebekah2011:
http://www.nse.com.ng/Financial_NewsDocs/28195_U_A_C_N__OF_NIGERIA_PLC._CORPORATE_ACTIONS_NOVEMBER_2019.pdf
http://www.nse.com.ng/Financial_NewsDocs/28196_U_A_C_N__OF_NIGERIA_PLC._CORPORATE_ACTIONS_NOVEMBER_2019.pdf
http://www.nse.com.ng/Financial_NewsDocs/28197_U_A_C_N__OF_NIGERIA_PLC._FINANCIAL_STATEMENTS_NOVEMBER_2019.pdf

Anyways, we still dey here. We will continue to buy the dips on this turn-around.

rebekah2011:
Oga Owoblo, sorry for not responding earlier. The thing be say UACN is good going forward. I will try and put my thoughts forward later.

Yes boss Thanks for your response.

As per UACN: I definitely need to take that course on accounting that I've been putting off for so long. Some people go see good stuff, keep quiet, accumulate wella. God is watching all of una in 5D . Shout out to that doctor that was shouting that Dangote flour was a good buy, even at sub 2 naira.
Shout-out to the very few selfless folks on this forum.
Abeg, if anybody get berra info on Forte Oil, let us know o. No dey chop alone o

For whoever is interested:
CSL gave some insights into UACN third quarter result: This link is : https://nairametrics.com/2019/11/01/quick-take-loss-from-discontinued-operations-drives-net-loss/

A snip:

I have bought into UACN stock.

Until an accountant explains the result, its still hasty to conclude that UACN is ''bad'' market. I get interest in this stock. I'llbuy in bits when the fall ''stabilizes''. All I wan confirm be say UACN no go declare loss ontop UPDC again, becos dem don pay 17bn for am. Because all these accountants can be funny with dem IFS 35 blah blah blah. Those offering for sale may not really understand why dem wan sell. Buyer's market.
Accountants in the house, we need help!!!

Caverton Group did quite well, in my opinion.
YTD top line improvement of 11.3%
YTD bottom line improvement of 60%
YTD eps improvement of 60.4%
Hmmm, considering the present oil price wahala, I'd say give the chairman a bottle of stout.

Bomboclad:
http://www.nse.com.ng/Financial_NewsDocs/28062_CAVERTON_OFFSHORE_SUPPORT_GROUP_PLC_FINANCIAL_STATEMENTS_OCTOBER_2019.pdf
http://www.nse.com.ng/Financial_NewsDocs/28063_DANGOTE_CEMENT_PLC_CORPORATE_ACTIONS_OCTOBER_2019.pdf
http://www.nse.com.ng/Financial_NewsDocs/28065_JAIZ_BANK_PLC_FINANCIAL_STATEMENTS_OCTOBER_2019.pdf
http://www.nse.com.ng/Financial_NewsDocs/28066_UNION_BANK_NIG.PLC._FINANCIAL_STATEMENTS_OCTOBER_2019.pdf

@ Pluto @ Rebekah:
My ogas, I studied engineering; therefore, my accounting skills no dey there.
Please I'd like to clarify some points. If UACN accounted for the losses made in UPDC this quarter, will they also account for it next quarter? Like Ucheson mentioned, the eps declared was 344k (which is impressive). If dem pay for the un-bundling this quarter, then they may be able to declare a net positive eps next quarter. I no know accounting o

I made 5 Ps and 3 Fs. At the second attempt o.

RabbiDoracle:
If you didn't make 7A1, stop typing.

His belle is "contrarian"

Agbalowomeri:
Why ya own belle dey always face back

There is no doubt that you've contributed greatly to this forum. It's your day bro. Wishing you more success in every area of your life. Cheers.

onegentleguy:
It's October Two-Nine- my Born day.
...its yet another year !!
A big +1 for me- small me !!

Thank GOD for his gift of LIFE and MERCIES... for without him, I am nothing !!

@ Paito Vee and Mcy56:
I will base my opinion on the document sent in August 2019 to Forte Oil shareholders.
In that Mandatory Takeover Offer, it was highlighted that you will be paid when 2 conditions are fulfilled:
1. You complete the form to indicate that you're interested in the transaction.
2. You have not sold those shares when they are being transferred to Ignite Investments.
The second point implies that you can still sell your shares after you have indicated interest (by completing the form). In that case, you won't get paid because you don't have the ''goods'' in your ''shop''.
I think that your broker will send the forms to you today (to indicate interest), since qualification is today. Otherwise, reach out to them for clarity.

Mcy56:
Vee, did they mention that they're delisting it? Cos me I didn't see where that was stated so far. When Ignite bought from Otedola, it was still trading on the exchange, nothing has changed except there'll be a future action but until then, calm your nerves, make we enjoy the small rally.
Filling the form is optional anyway.....but I think it's better to fill it, even if they don't buy, it's worth trying at least. Also, there's nothing like freezing once you sell to them, they collect your shares and pay you money, shikena!
BTW, have you received the form? Or did your broker send it to you?

People on this thread are now becoming spoilt. Pastor Vee must hear this

I downloaded the NSE report as well, and studied it. I never knew such reports existed, so I might make some mistakes in my analysis. A market manipulator could try to distort the market by making transactions, so I won't really focus on increase or decrease in volumes of transactions. Rather, I'd try to figure out what their 'net' intent is; are they leaving or staying? According to the table, there were only 2 months when the FPI money were net in-flows, which are August and September. In my opinion, it just shows that the net foreign out-flow has slowed down a bit.
The table does not provide much information to help understand fully, the 'intents' of domestic retail and institutional.
I have tried to avoid a repetition of points already highlighted by previous posters.
Tomorrow, I will visit my bank to liquidate part of my t-bills in the secondary market. It's time for me to start buying. Please, how can I get such NSE reports, at release?
It appears Rabbi's TA tools rightly 'captured' the bottom after-all.

Uchetoba:
I honestly need the price below 6 and even 5.

Shikaaa, you've not said anything since!!! You no share 1 single piece of info. No dey water my mouth for nothing o.

Agbalowomeri:
No na inverted head and shoulder
Please give me that upside down bottom biko

Boss, na Mcy ikébé be dat na. While the inverted backside na TraDder nee Yariya be dat. Ehhhhheee!!! Inside life chopping things. Shop-looting things

[
Abeg, na peppered goat meat I dey chop. Guy, if I choke, na u ooo.
quote author=Krisuba post=83158436]

OK nah d one with upside down bottom??[/quote]