₦airaland Forum

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!

locodemy:
If I tell you where the price of those stocks go reac h,you go jump in now and take your own cut.

Its P & D
Don't say you were not WARNED!

samguru:
My stockbroker told me to buy FIDSON heavily on Monday.

Please who has any info about what is going on in the company?

That's a pointer they want to do pump and dump. So beware

locodemy:
Health sector a place to be now day 3.

The day the illiquidity in health sector will hook you then be ready to vomit and deficate all the profit you have made in NSE with interest.

BARGAIN HUNTERS TAKE NOTE!

emmanuelewumi:
Your assets and Investments will respond and adjust to inflation and currency devaluation and cough out higher cash.

This can ONLY be FEASIBLE if some of one ASSETS and INVESTMENTS are in FOREX else OYO.

BARGAIN HUNTERS TAKE NOTE!

Uchetoba:
Peter where is Agba I hope he is fairing fine? We have not hear from him for a while

Agba don go quarantine himself for village

Uchetoba:
My portfolio is 96% on UACN right now.

My portfolio on UACN is 82% while Agba own na 100%

Abeg when will they credit us the awoof UPDC and UPDC REITS shares cum their tasere Dividend Payment

https://businesspost.ng/economy/unbundling-from-updc-may-not-happen-july-uac-nigeria/

Following a rights issue, UAC Nigeria increased its stake in the real estate unit from 64.2 percent to 93.9 percent.

OUR CARGO FLIGHT is about taking off

BARGAIN HUNTERS TAKE NOTE!

Like play like play Ankara oil don gain 50% within 2wks

BARGAIN HUNTERS TAKE NOTE

Jejebabaa:
I don check again boss, my eyes don dey dirty early Friday momo. Apologies for the error.

Over 28m on commission alone for April the month of lockdown

Baba don't you think it's high time you float one Stockbroking firm and create more jobs for your boys.

Jejebabaa:
This is the correct source http://www.nse.com.ng/dealing-members-site/Top%2010%20Broker%20Performance/April%202020/TOP%20TEN%20STOCKBROKERS%20FOR%20THE%20WEEK%20ENDED%2030-04-2020.pdf

Baba Check well the date of what you post was were transaction made between April 27th and April 30th.2020 which equates to 4 trading days transaction.

Jejebabaa:
Stock brokerage is not that profitable. Imagine Morgan capital despite making 3rd best broker by volume and 9th top broker by value with total value of 750,720,603.74 naira. At 0.5% brokerage fee amounts to just 3.75M naira for the month. They better have other source of income and not only this brokerage thing.

Also, in the data from the NSE, it was revealed that last month, Stanbic IBTC Stockbrokers was the best performing brokerage firm by the value of transactions it executed.

Shares worth N15.814 billion were bought and sold through the platform in April 2020,

Morgan Capital transacted N5.616 billion.

https://businesspost.ng/economy/morgan-capital-emerges-most-active-stockbroker-in-april/

Based on the report the value of transaction MORGAN CAPITAL did for the month of April was N5.6 billion and not N750m as you wrote.