₦airaland Forum

In 1982
N1000 is equivalent to $1463

In 2020
$1463 is equivalent to N675000

Life na turn by turn

locodemy:
Good luck if you can enter.I have 25.70 here at my end.

Thank GOD you already saw that OUR FIRST PORT of CALL will be N25 junction.

FOR the NEWBIES

GUINNESS descended from a HEIGHT of N297.50k per share after some YEARS of wandering in the WILDERNESSES of NAIRA DEVALUATION and COMPETITION in the BREWERY SECTOR

LAST WEEK it met a VERY STRONG SUPPORT at N17.00k all thanks to FOREIGN INVESTORS that pumped in over N1Billion

Now WE are on our WAY to ELDORADO.

So Don't Let some DISGRUNTLED ELEMENTS that are used to MISSING OUT ON WONDERFUL OPPORTUNITIES. DISTRACT YOU from getting to the PROMISE LAND

SAME WAY we've loaded OANDO. ZENITHBK WAPCO. UACN and several other FORTUNATE BUSES.

DONT BE LEFT OUT.

BARGAIN HUNTERS CHEERS!

Oil prices rose early on Tuesday as market participants believed that improving demand and more supply coming off would ease the glut faster than expected.

As of 10:37 a.m. EDT on Tuesday, WTI Crude was up 2.44 percent at $34.08, and Brent Crude was trading at $35.77, up by 0.90 percent on the day. By afternoon, prices had slipped back, with Brent trading down on the day at $35.49.

The more bullish market sentiment of the past few weeks has been supported by the production cuts from the OPEC+ group and from economics-driven curtailments, especially in North America. OPEC’s heavyweights, including Saudi Arabia, the United Arab Emirates (UAE), and Kuwait, have pledged more cuts on top of those they have promised in the deal, and even Russia is said to have been really trying to comply with the OPEC+ agreement this time, unlike in previous pacts.

https://oilprice.com/Energy/Oil-Prices/Oil-Prices-Rise-As-Supply-Shrinks.html

BARGAIN HUNTERS TAKE NOTE!

PETERiCHY:
LOCO monitoring his FIDSON & WAPCO


Meanwhile if you miss UACN. GUINNESS is still AVAILABLE.

BARGAIN HUNTERS TAKE NOTE!

I repeat if you miss UACN don't miss GUINNESS.
BARGAIN HUNTERS TAKE NOTE!

Meanwhile the antagonist looking at our UACN CARGO PLANE rightnow

DeRuggedProf:
Who dey chase my stock run go up like this
Hope my village people wont say I do blood money. Chai....

Mcy56:
Peter, Year low of caverton was 2.03. Where did you see the 80kobo? Can you state the date within the last one year where it sold for 80k?
Think you should just stick to your uacn you're busy doing jijo and monkey hunting.
Once you enter you start promoting with good news, once out you start bringing bad bad news just to re-enter cheaper again.
Quite some coys will feel the covid heat, so no need to bad mouth one out of many.

I can see you like losing money

RabbiDoracle:
Dow, S & P and NASDAQ are all flying.

News of having a vaccine around December.

U.S. coronavirus deaths are approaching 100,000, more than double that of any other country, according to data compiled by Johns Hopkins University. Across the country, Americans observed Memorial Day weekend with some states reopening beaches and other outdoor areas. Merck, meanwhile, has entered the vaccine race, announcing Tuesday it has teamed up with research nonprofit IAVI to develop a potential candidate.

https://www.cnbc.com/2020/05/26/coronavirus-live-updates.html?__source=newsletter%7Cbreakingnews

jideflash:
Prof you whats up. Yes o, we cant be the victims when the giants are crying. What is the essence of been in a forum like this, if i wont learn from the many experience of traders here as well.
Buy low, sell High.
Loyalty doesnt always make you win. Imagine those who bought Gtb, Fbn and Zenith at their record High back in 2007/8. now add the loss due to yearly inflation and FX devaluation.

Profit you make can be kept and still be loss. But Loss is Loss. Never Lose you capital. #playsmart and wait for the best opportunity. Nigeria is in trouble right now, our second highest source of FX ( the diaspora) are also struggling. by august the crisis will become clearer.


For caverton, a stock with market price of N2.6 having EPS of N1.29 is brilliant. cant wait for it to reach its low, make i go clear market,

FOOD FOR THOUGHT


In 1982
$1.42 sold for N1.00

In 2020
$1.00 is now selling for N460

NAIRA has lost 99.85% against USD while USD has gained a whooping 65220% in value against NAIRA


BARGAIN HUNTERS TAKE NOTE!

jideflash:
For caverton, a stock with market price of N2.6 having EPS of N1.29 is brilliant. cant wait for it to reach its low, make i go clear market,

Audio EPS.
A stock that you their chief auditor saw the results and mistakenly sold.

A stock that traded at sub 80k when there was no Coronavirus let alone now that airline stock are taking a hit due to Coronavirus.

Even our almighty Buffett turn to JiJOist due to the pandemic.

WARNING! WARNING!! WARNING!!!
Anyone buying CARVETON above N1.00k is doing so at his or her own risk.

BARGAIN HUNTERS TAKE NOTE

President Muhammadu Buhari has mandated the presidential committee on salaries and wages to review and realign earnings of employees of ministries, agencies, and parastatals.

Minister of Labour and Employment, Senator Chris Ngige, who disclosed this in an interview with THISDAY at the weekend, said part of the objective is to check disparity in payment of salaries and wages as well as prone the running cost of governance.

https://www.nairaland.com/5881410/fg-review-salaries-wages-ministries

WINTER IS COMING....

BARGAIN HUNTERS TAKE NOTE!

https://investadvocate.com.ng/2018/03/07/uacn-lists-960-4m-rights-shares/

*March 7, 2018*

UAC of Nigeria (UACN) Plc at the weekend listed a total of 960.43 million ordinary shares of 50 kobo each, adding about N16.4 billion to the market capitalisation of the conglomerate.

The Nation had exclusively reported that the 960.43 million shares rights issue was fully subscribed. UACN had floated a rights issue to raise N15.36 billion by offering 960.43 million ordinary shares of 50 kobo each at N16 per share

The conglomerate has however confirmed that three major shareholders now own more than five per cent equity stake.

Major shareholders of the conglomerate now include Stanbic IBTC Nominees, with 8.0 per cent equity stake consisting of 225.23 million ordinary shares of 50 kobo each; Blakeney GP 111 Ltd, with 6.0 per cent equity stake consisting of 165.79 ordinary shares of 50 kobo each and Themis Capital Management, with 8.0 per cent consisting of 232.35 million ordinary shares


BARGAIN HUNTERS TAKE NOTE

In a notice released to the Nigerian Stock Exchange (NSE) today, *UACN Plc has announced the opening of its rights issue. 960,432,193 ordinary shares of 50 Kobo each at the offer price of N16 per share on the basis of one (1) new ordinary shares for every two (2) ordinary shares held as at 19 October 2017 will be opened for subscription. Acceptance list opens: Wednesday, 15 November 2017 Acceptance list closes: Friday, 22 December 2017

What will the proceeds be used for ?

Details from the rights issue circular released by the company show *it expects to raise a total of N15 billion after deducting costs related to the offer. N5 billion will be injected into Grand Cereals Limited as equity, in addition to a N3.5 billion company loan. UACN also intends to allocate N4 billion as working capital support to both Livestock Feeds Plc and Grand Cereals Plc. N2.5 billion from the rights issue will be reserved for new business development.*

UAC of Nigeria is a conglomerate, operating in the food and beverage, real estate, paints and logistics sectors of the economy, through its subsidiaries. *The company was incorporated on April 22, 1931 as a wholly-owned subsidiary of the United Africa Company Limited (a subsidiary of Unilever), which later became UAC International. The Company’s name was changed to United Africa Company (Nigeria) Limited on 23rd July 1943, and became UAC of Nigeria PLC in 1991. It was listed on the NSE in 1974. UACN Plc shares closed at N19.10 in yesterday’s trading session on the NSE.


https://nairametrics.com/2017/11/15/uacn-n15-billion-rights-issue-opens-today/

rebekah2011:
I hope you have seen the Q1 of UPDC. http://www.nse.com.ng/Financial_NewsDocs/30148_UACN_PROPERTY_DEVELOPMENT_COMPANY_PLC_FINANCIAL_STATEMENTS_MAY_2020.pdfquote author=PETERiCHY post=89847999]

This was how you were skeptical about WAPCO. but today they have declared N1 dividend and still waxing strong.

Uchetoba:
Cardinal stone is intrested in UACN that is why they gave you only the wost case senario to deceive you. What about the best case senario? When you read always interpret critically.

I am very glad for one reason, they have confirmed the numbers we posted earlier.

You understand their SINISTER GAME very well.

In 2018 their target price was N23.70k did it happen? N0!

In 2019 their TP was N13.66k did it happen? NO!

Then this year that the unbuddling will take they yeye analyst now reduced their TARGET PRICE to N8.26k since they are looking for ways to increase their holdings..

Even as today the current market price is N8.35k which is above their fictitious TP that tells they are wrong.


Now weekend assignment for OLDBIES & NEWBIES

In 2013 one of UACN cashcow subsidiary called UPDC REIT was listed at N10 per share with market value of N30billion

In 2017 and 2020 another UACN subsidiary called UPDC raised N5b and 15.96b respectively.

In 2018 UACN the parents coy raised N16.2b via a right issue at the rate of N16 per share

Just 2yrs down the lane UACN the parents that has spent 140yrs in Nigeria want to unbundle their 94% shareholding in UPDC and their 65% shareholding in UPDC REITS and split it among their minority shareholders.

Now ask yourself what do you thiink will be the real unit price of UACN per share

LOCO monitoring his FIDSON & WAPCO


Meanwhile if you miss UACN. GUINNESS is still AVAILABLE.

BARGAIN HUNTERS TAKE NOTE!

PETERiCHY:
The ETI you were marketing when it was Trading at N8 what is the price now

For the newbies I repeat UACN will be the BARGAIN of the CENTURY.
Same way we market DANFLOUR in 2018 and
UNONDAC in 2019

BARGAIN HUNTERS TAKE NOTE!

Those in UACN rightnow

megamart247:
Please Fuxer what is the chart saying about UACN and Guiness?

As for UACN we are on our way to kilometer 25 if in doubt ask AGBA and OGG

currently @ 7m BIDS vs 1m OFFER

BARGAIN HUNTERS TAKE NOTE!

Mcy56:
Lol. That should be stcool.
Chibuking81 that is cruising with the bull, he entered at bottom price nah, if I don't know any other one, at least I mentioned that of Zee......

Is it the Chibuking that is waiting for ZENITHBK at N5 or another
If in doubt he should come and defend himself

locodemy:
But I used fidson proceeds of yesterday to enter wapco @ 10.95/11 this morning.
How else do we make this money if not in this way.
Guy better follow money where it goes.
Lucky for you @ wapco

You should as well endeavour to join UACN cargo flight. We are currently TAXING at the TARMAC about TAKING OFF.

BARGAIN HUNTERS TAKE NOTE!

locodemy:
Wapco technicals is quite building up & rewarding.

Those are the type of stock you need to buy not FIDSON with liquidity issue.

BARGAIN HUNTERS TAKE NOTE!

fxuser:
Reporting sir

Fuuser left on Jan 29 and resurfaced xtady.
Whenever you see Fxuser know that BULL GATE is around the CORNER.

Meanwhile STcool, Chibubear and their fellow bear mongers rightnow

locodemy:
Bubu extended the gradual easing of lockdown by another 2 weeks.If you know,you know.Assignment must be accomplished.Watch another phase of technicals tomorrow.

Peterichy,draw nearer to loco to recover those losses of the past.

LOCO and FIDSON rightnow

FIDSON and LOCO rightnow

emmanuelewumi:
We invest based on the integrity and competence of management.

If asked to choose between integrity and competence, I will choose integrity.


A management with integrity and no competence, will still make money for Investors to an extent.

But a management with competence without integrity , will make us loses our money and the business will become seriously invested.

But last december on treasury bill thread you adviced people to buy UACN at N10

Please what has changed

ukay2:
I bought UACN at N7, waiting to have long time and enjoy unbundling

After they released result in January 2019, I quickly sold it at N9, because the figures and unbundling were not convincing to me.

I just japaa, without looking back.

I may look into them after the unbundling with improved profits for at least 2 consistent quaters

Doc you are scared of buying UACN at N7 but you are comfortable buying UPDC REIT that they willl a freebie after UNBUNDLING at N3.50k

BrokerHaruna:
UAC was actually on it's way to 1 naira when they suddenly came up with the dubious hype of unbundling and restructuring. This company reminds one of Oando.

The ETI you were marketing when it was Trading at N8 what is the price now

For the newbies I repeat UACN will be the BARGAIN of the CENTURY.
Same way we market DANFLOUR in 2018 and
UNONDAC in 2019

BARGAIN HUNTERS TAKE NOTE!

locodemy:
Peterichy I told you to buy fidson when it was 2.28/2.30 but you ended up mocking me.I am trading technicals.I did jijo of 7,7% on fidson before the technical gave me a 50% sign.Now I am almost at that 50%.Gods willing, tomorrow I will be above 50% and I see the technicals extending by another 30-50%.You will be surprise to see fidson at #4 in a short while.

Health sector,a place to be now.

LOCO see you, see Fidson

Uchetoba:
whether they are going to bust or not, I bought ccnn N16.4 and sold it N41 in January that is what we are talking about.

I had some insignificant units of CCNN which I also sold @ 35 in Jan. That's the definition of BARGAIN HUNTING Whereas some DIVIDEND HUNTERS bought GUINNESS @ N60 last year while it's now N17 and still digging oil.

talk2me2:
Guy I from the very moment I saw this your post I quickly moved into research about UACN. Here are my findings:

UACN has 2,881,296,580 ordinary shares of 50k each.
UPDC has 18.462billion ordinary shares of 50k each after the right issue.
Accordig to reuters.com UACN now own 93.9% or 17.34 billion shares of UPDC. When UACN unbundles UPDC, the 17.34B shares will be alloted pro rata to the shareholders of uacn i.e 17.34b ÷ 2.88b = 6 shares of updc for 1 share of uacn held.

In addition, UPDCREIT has 2,668,269,500 units of N10 each.
UPDC own 61.5 % or 1,640,985,742 units of UPDCREIT.
And uacn own 93.9% or 1,540,885,611 units of updcreit.
the pro rata means 1.54b ÷ 2.88b = 0.53 unit for 1 share of uacn held. Now let's multiply 0.53 by 2 = 1.06 or 1 unit of updcreit for ever 2 shares of uacn.

SUMMARY
THEREFORE, FOR EVERY TWO SHARES OF UACN THAT SHAREHOLDER HAD THEY WILL RECEIVE ONE UNIT OF 10 NAIRA EACH OF UPDCREIT AND TWELVE SHARES OF UPDC AS BONUS SHARES.

OGA YOUR HEAD IS CORRECT.

I have already made UACN the 65 % of my portfolio, hoping to add more before the unbundlings finally take place in July.

We are making alot of money this year.

UACN has always been a MONEY SPINNER for BARGAIN HUNTERS..
Between NOVEMBER and FEB we did 3 very profitable ROUND TRIPS.

But this time around we wait PATIENTLY for the UNBUNDLING exercise which will take place soonest during their AGM.

It will be the deal of the CENTURY.

BARGAIN HUNTERS DON'T MISS OUT!

Intendy:
Stock with new 52 week lows

Guinness #17.00k

Stocks with new 52 week highs

Neimeth #0.79k

Not microfinance Bank #1.82k

GUINNESS will definitely touched N15 region afterwards if it doesn't reverse to your tents oh isreal.

BARGAIN HUNTERS TAKE NOTE

stcool:
Peter they are a lot of stocks in the market with 100% better returns than this UACN...

This stock is now looking like Oando to me...and won't be surprise if it goes back to N4 and lower.

Already too much going on!

It's better you invest in haulage truck business and leave stock market it doesn't favor you.

Godlylifeoneart:
In the last few days, insiders have been dumping UACN.
Attached is a screen shot from NSE

You forget to add on 20th February 2020 the major core investor THEMIS CAPITAL bought extra 15.7m units of UACN at N10 per share and on 20th March 2020 a NON EXECUTIVE CHAIRMAN bought 11m units at N9 per share.

In the last 5 Trading days over 58million units has exchange hands at an average of N6.90k

The SHIP is about to SAIL don't be LEFT OUT.

BARGAIN HUNTERS TAKE NOTE!