Mpeace:
I tried withdrawal now. They just informed me i have to wait for three working days or forfiet 1% of the sum if i want it now

That should be a new development or specific to the new button.

In the past, if you make withdrawal in the morning, before close of biz on same day you get pay alert in your bank acct.

UACN /UPDC-REIT UNBUNDLING
Pls can someone remind me about this scheme of arrangement
Even myself had posted it before but now I don forget am......make you no vex.

https://doclib.ngxgroup.com/Financial_NewsDocs/33996_UAC__OF_NIGERIA_PLC%20SCHEME_OF_ARRANGEMENT_CORPORATE_A.pdf

Cc: @Talk2me2 ??

megawealth01:
The thing is MTN is going through proper repositionings...

My opinion.. Not a recommendation... DD applies as usual

https://www.premiumtimesng.com/news/top-news/493319-updated-mtn-nigeria-to-launch-first-public-shares-sale-offers-575-million-units.html

Yeah. There is another strategy that is not public.

yMcy56:
UACN /UPDC-REIT UNBUNDLING
Pls can someone remind me about this scheme of arrangement
Even myself had posted it before but now I don forget am......make you no vex.

https://doclib.ngxgroup.com/Financial_NewsDocs/33996_UAC__OF_NIGERIA_PLC%20SCHEME_OF_ARRANGEMENT_CORPORATE_A.pdf

Cc: @Talk2me2 ??

I think it's 1 REIT share for every 22 UACN shares and the qualification is past due.

Heishere:

I think it's 1 REIT share for every 22 UACN shares and the qualification is past due.

Don't think this is correct. The ratio doesn't seems to tally.
Those crossings looks suspicious as well.......
Thanks anyway.

yMcy56:

Don't think this is correct. The ratio doesn't seems to tally.
Those crossings looks suspicious as well.......
Thanks anyway.

Apologies for the mistake.

here is the correct ratio: 226 UPDC REIT units for every 1,000 UAC shares owned

megawealth01:


We are watching... My MTN is my GOLDMINE sha

MTN hittin N200...
Maybe it got some more dangerous moves...
b/4 year end ...
We are watchin in 3D...

Heishere:
Apologies for the mistake
here is the correct ratio: 226 UPDC REIT units for every 1,000 UAC shares owned

Thank you.......you're right.
I know it has 266 but can't remember very well again.
There is no corporate action yet, so the qualification Date will still be announced......in my opinion.

AIRTEL and MTNN.........both got approval in principle to operate a service bank........whatever that means must be a plus for both stocks I think....

i've been buying this GTCO dip, i hope i'm rewarded shortly

UACN: Getting a lot of attn.......

WAPCO: Also getting quite a lot of attention...........

yMcy56:
MTNN: @205 with bids far outweighing offers!!
Seems this may be heading towards 250 o.
Lol. Na my opinion.

WAPCO .....hinching up steadily.........
Pulled back some days ago.......reversed up @25.50.......now sighted @26.50.....

AIRTEL and MTNN.........both got approval in principle to operate a service bank........whatever that means must be a plus for both stocks I think....

Both stocks won't react the same way.

MTN is planning shares repositioning circa N200, while Airtel is selling @N900.

Abeg who don collect guinness dividend ooo?

OBAGADAFFI:
Both stocks won't react the same way.

MTN is planning shares repositioning circa N200, while Airtel is selling @N900.

Seems some other positive forces are moving MTNN.........
I hope some analysts are not mis-interpreting this share repositioning...........besides, AIRTEL is giving huge gap, MTN will have to be dragging along small small.
MTN still did N205 .......before one cross dealer deal over 100k units @200.
This is just my opinion anyway......

yMcy56:

Seems some other positive forces are moving MTNN.........
I hope some analysts are not mis-interpreting this share repositioning...........besides, AIRTEL is giving huge gap, MTN will have to be dragging along small small.

MTN shares will be sold through a book-building process to institutional investors, and after which, a fixed price will be announced to retail investors.

There will be uncertainty on MTN shares for now.

Heishere:


Yeah. There is another strategy that is not public.

All I know is that MTN at present price is still undervalued and underpriced

DD applies

OBAGADAFFI:


Both stocks won't react the same way.

MTN is planning shares repositioning circa N200, while Airtel is selling @N900.

You also need to consider the outstanding shares of both companies. MTN has a little over 20 billion shares, while Airtel Africa has 2 billion shares

What is even wrong with Morgan/Itrade who ask them to do that upgrade? They should have left the platform the it was. I have not been able to login since morning.

yMcy56:
UACN /UPDC-REIT UNBUNDLING
Pls can someone remind me about this scheme of arrangement
Even myself had posted it before but now I don forget am......make you no vex.

https://doclib.ngxgroup.com/Financial_NewsDocs/33996_UAC__OF_NIGERIA_PLC%20SCHEME_OF_ARRANGEMENT_CORPORATE_A.pdf

Cc: @Talk2me2 ??

my dear we have said a lot on this subject I now prefer to keep quite and wait for the free shares.

emmanuelewumi:



You also need to consider the outstanding shares of both companies. MTN has a little over 20 billion shares, while Airtel Africa has 2 billion shares

Interesting,

MTN has a little over 20 billion shares

It seems Airtel has more institutional investors than MTN.

Mpeace:
I tried withdrawal now. They just informed me i have to wait for three working days or forfiet 1% of the sum if i want it now

I think you have to wait till 3 working days after selling your stock before you can withdraw... but if you want the money before that time, 1% would be deducted from the amount you are withdrawing.

Thats has been their policy for some years now.

Calebbold:


I think you have to wait for 3 working days after selling your stock before you can withdraw... but if you want the money before that time, 1% would be deducted from the amount you are withdrawing.

Thats has been their policy for some years now.

Exactly what they said. But i dont think thats in line with SEC expectations. I believe one day clarity will be met once someone takes it up and earns some money in damages.

talk2me2:
What is even wrong with Morgan/Itrade who ask them to do that upgrade? They should have left the platform the it was. I have not been able to login since morning.

is there something I am not doing right? Those that have been able to login to the new Itrade platform please kindly explain to me is there a change in details or is the platform no longer compatible with phones? Or is the problem peculiar to my account alone?

Cc: yMcy56 and other that are already using the new platform.

Mpeace:
Exactly what they said. But i dont think thats in line with SEC expectations. I believe one day clarity will be met once someone takes it up and earns some money in damages.

This thing is simple.........
* If you sell today and want to withdraw today, it's T+2/3 days........
* If you can't wait for it to clear, you'll pay certain % of the total amount to be withdrawn......

**However, if you have enough clear fund on ground and you withdraw within the said amt, you'll be paid within 24hrs without extra charges.

*** Once you click the Withdraw button, the available fund you can withdraw will be displayed on top of the pop-up column, then you can make your request.

This is how it obtains in most houses...

talk2me2:
is there something I am not doing right? Those that have been able to login to the new Itrade platform please kindly explain to me is there a change in details or is the platform no longer compatible with phones? Or is the problem peculiar to my account alone?

Cc: yMcy56 and other that are already using the new platform.

The site is working fine, even with phones.

Click on below URL to login......
* Input your login ID......
* Click "Next"........
* Input your password.......then you'll be logged in to the dashboard.....

https://itrade.morgancapitalgroup.com/customers/

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OBAGADAFFI:
MTN shares will be sold through a book-building process to institutional investors, and after which, a fixed price will be announced to retail investors.
There will be uncertainty on MTN shares for now.

If MTN should get institutional investors for the sale of the shares,it may end up not getting to retail investors......
I think they'll even prefer institutional investors.........selling the 575M units to them pays more.........will be sold in bulk and at discounted price from the retailers price.
After all, the shares on sale aren't much nah.......
Only few institutional investors can even take it up.... lol.

talk2me2:
Cc: yMcy56 and other that are already using the new platform.

lexy2lexy:
I still can’t connect

There's now a new URL for iTrade Morgan Capital

https://itrade.morgancapitalgroup.com/customers/

Willie2015:

Pls see attached..
in the below link for their earning release for Q3 2021....
Saves ones the hassles of calculation...

https://doclib.ngxgroup.com/Financial_NewsDocs/34417_MTN_NIGERIA_COMMUNICATIONS_PLC%20MTN_NIGERIA_EARNINGS_RE.pdf

Thanks for pointing me to this publication from MTN in which the FCF you stated was quoted from...

There are diverse ways of calculating FCF... Some are more representative of reality than others... MTN has told us which formula they used to calculate the stated FCF (EBITDA - CapEx)... I will not comment on if this formula is factual or not but realise that they will choose whichever formula best suits their narrative...

I recommend we all read about FCF and how to calculate it rather than taking numbers hook line and sinker...

DrAwo:


Thanks for pointing me to this publication from MTN in which the FCF you stated was quoted from...

There are diverse ways of calculating FCF... Some are more representative of reality than others... MTN has told us which formula they used to calculate the stated FCF (EBITDA - CapEx)... I will not comment on if this formula is factual or not but realise that they will choose whichever formula best suits their narrative...

I recommend we all read about FCF and how to calculate it rather than taking numbers hook line and sinker...

Oga mi, beta oil dey your head. Abeg helep me remind dem say EBITDA means Earnings before interest, taxes, depreciation and amortization o so dem no go dey plan for Christmas on top the audio N373.4 billion FCF wey shalake go still cut interest, taxes, depreciation and amortization from it before dem go share d rest. Na for d deductions be d place wey those SA guys go do magomago.

No be MTN again? Not until those SA people waka before MTN go become a clean transparent company. As e be for MTN now, if you buy MTN, ji ma sun o! Igi pawpaw o ni wo pawa o.

I have tried new URL several times, in fact I just tried again and still not able to connect. I will call them tomorrow.

Thanks a lot

yMcy56:


There's now a new URL for iTrade Morgan Capital

https://itrade.morgancapitalgroup.com/customers/

...