yMcy56:

Still active sir.
Paid dividend of 0.50k last financial year.
Compliment Sir. Nice seeing you back on the thread.

Thanks Mam!
In that case, management performances need scrutiny. If most of their products' raw materials are imported, that might explain the 4-year heavy decline of the share price; else better to stay away...

Profit taking or unloading going on in Fidelity

Guinness unrepentantly on Full Offer

Village people have returned for GTCO

@RabbiDoracle, do you think the trigger for the banks to the upside could happen when they collectively resist the deductions imposed by the CBN?

thesilentone:
@RabbiDoracle, do you think the trigger for the banks to the upside could happen when they collectively resist the deductions imposed by the CBN?

Resist? How? Lol

yMcy56:
UBN
At long last, Titan Trust is buying out minority shareholders......
@Mpeace are you still holding unto it?

From my % calculations now,
Bulk purchase from majority shareholders is 89.39%
Minority shareholders: 6.59%
So, 89.39% + 6.59% = 95.98%

Who owns the remaining 4.02% .......Or maybe this was acquired off record.

** For those planning to take part in the Mandatory Take-over @N7, if not already seated in the bus, you have only today and tomorrow to key into it.

Qualification Date is Monday 31st October 2022
..BUT for settlement purpose (T+3days), you have to buy latest 26/10/2022.
REGISTRAR: Cardinal Stone

They didn't even allow me to accumulate more.

There are ongoing grumblings and these will only get louder with time

Agbalowomeri:


Resist? How? Lol

Madam @Mcy, please what is Mansard's story?

Their company secretary has refused to reply my emails so I'm asking for street news as per you are well informed on matters like this.

thesilentone:
Madam @Mcy, please what is Mansard's story?

Their company secretary has refused to reply my emails so I'm asking for street news as per you are well informed on matters like this.

What is the news?

thesilentone:
Madam @Mcy, please what is Mansard's story?
Their company secretary has refused to reply my emails so I'm asking for street news as per you are well informed on matters like this.

Lol.
News with regards to what or which aspect in particular?

I wanted to know their current fundamental state considering it has been falling without reprieve for so long.

I have read most of your past posts and price points but I believe that was before their reverse split.

yMcy56:

Lol.
News with regards to what or which aspect in particular?

Accumulation based on the last trade - to close at the open.

thesilentone:
Profit taking or unloading going on in Fidelity

thesilentone:
I wanted to know their current fundamental state considering it has been falling without reprieve for so long.
I have read most of your past posts and price points but I believe that was before their reverse split.

See recent posts on Mansard...

pluto09:
The issue with mansard is about their ability to pay what they paid last year as dividend going forward.
The half year result was disappointing to say the least. Investors don't like uncertainty.

yMcy56:
You're right sir.......but did you check Q2 or are you referring to Q2, 2022??
I know I'm an amateur but one thing I again look at is their peak periods too........but what do I know.
* Anyway, market already slashed the price into 2 so far....
* We may have to study the Q-Q results to have idea of their best Quarters and maybe draw inference from there first.......
Lol. Don't mind me, I already said I'm an amateur.

The Secretary will likely not have answers for you, reason there's no response.......
Seems you've not been reading updates after the reconstruction.....and seems you're also whining me cos you know much better......
Well, while there's no one way to it......and Mr. Market has final say, I think Oga Pluto raised a concern there......but as it is, Mansard is already trading below it's nominal value, N2, and I've not been chanced to do the comparison mentioned above......

So far, Mansard at current price 1.50/1.60 is trading at good bargain......
We have seasoned Fundamentalists here......let them pls help us out expertly.

You can also divide 1.60 by 4 to give you a proper context of their price

1.6/4 = 0.4, so Mansard is currently trading below Aiico

Haha...thank you Madam.

Much appreciated, your reply is better than the zero response from their secretary

yMcy56:

See recent posts on Mansard...


The Secretary will likely not have answers for you, reason there's no response.......
Seems you've not been reading updates after the reconstruction.....and seems you're also whining me cos you know much better......
Well, while there's no one way to it......and Mr. Market has final say, I think Oga Pluto raised a concern there......but as it is, Mansard is already trading below it's nominal value, N2, and I've not been chanced to do the comparison mentioned above......

So far, Mansard at current price 1.50/1.60 is trading at good bargain......
We have seasoned Fundamentalists here......let them pls help us out expertly.

Mohnish Pabrai would say investing should be so easy that your company choice should feel like someone is hitting you on the head with a plank. Valuations that require you to use a spreadsheet is not in your circle of competence. Back of the envelope calculations is the sweet spot.

Zegra:
You can also divide 1.60 by 4 to give you a proper context of their price
1.6/4 = 0.4, so Mansard is currently trading below Aiico

Exactly!!
Some even got @1.50, meaning it traded @37k......even trading below Chi PLC, Cornerstone and few others.

For what it should be, Mansard shouldn't be trading below it's nominal value......and the result released so far wasn't that bad to warrant such.

After reconstruction, Mansard opened @3.32........meaning it traded @0.83k prior to suspension for reconstruction...........and has since falling up to this point....0.37k....

Maybe Q3 will again give more guide and shed more light to it......

thesilentone:
Haha...thank you Madam.
Much appreciated, your reply is better than the zero response from their secretary

You want Secretary wey im work na to type correspondences and schedule meetings to tell you about FA/TA or GA?
He/she may not have heard something like that before self, lol.

yMcy56:

Exactly!!
Some even got @1.50, meaning it traded @37k......even trading below Chi PLC, Cornerstone and few others.

For what it should be, Mansard shouldn't be trading below it's nominal value......and the result released so far wasn't that bad to warrant such.

After reconstruction, Mansard opened @3.32........meaning it traded @0.83k prior to suspension for reconstruction...........and has since falling up to this point....0.37k....

Maybe Q3 will again give more guide and shed more light to it......

This is my anger with stocks doing reconstruction and the raising of nominal values.

yMcy56:
UBN
At long last, Titan Trust is buying out minority shareholders......
@Mpeace are you still holding unto it?

From my % calculations now,
Bulk purchase from majority shareholders is 89.39%
Minority shareholders: 6.59%
So, 89.39% + 6.59% = 95.98%

Who owns the remaining 4.02% .......Or maybe this was acquired off record.

** For those planning to take part in the Mandatory Take-over @N7, if not already seated in the bus, you have only today and tomorrow to key into it.

Qualification Date is Monday 31st October 2022
..BUT for settlement purpose (T+3days), you have to buy latest 26/10/2022.
REGISTRAR: Cardinal Stone

I sold since oh. With chinkili profit. The money done finish sef.
The wait became too much.

At least, she should forward the emails on to the appropriate department.

yMcy56:

You want Secretary wey im work na to type correspondences and schedule meetings to tell you about FA/TA or GA?
He/she may not have heard something like that before self, lol.

https://doclib.ngxgroup.com/Financial_NewsDocs/36998_GUARANTY_TRUST_HOLDING_COMPANY_PLC%20_QUARTER_3_%20_FINANC.pdf

Results look flat on that surface but I can see many positives compared to the last two quarters.
Gtb might have turned the corner....another quarterly growth will be pivotal.

pluto09:

https://doclib.ngxgroup.com/Financial_NewsDocs/36998_GUARANTY_TRUST_HOLDING_COMPANY_PLC%20_QUARTER_3_%20_FINANC.pdf

Results look flat on that surface but I can see many positives compared to the last two quarters.
Gtb might have turned the corner....another quarterly growth will be pivotal.

When GT enjoyed premium, the ROE was ca. 40%

Agbalowomeri:


When GT enjoyed premium, the ROE was ca. 40%

Yes, those days are gone....
At the same time i think the market has done justice to the share price beating it down to sub 20

Profit has been going down too q/q for a while but the latest result reflected a turning point. Growth in profit q/q .

OBAGADAFFI:
They didn't even allow me to accumulate more.

Weldone sir..
How else would UBN/Titan have given you enough time when they've been on this issue for over a year?

Many people don wait tire and sell off self.

Think we've been discussing this here but got tired of it at some points too........but when bulk purchase was done and paid for, you should have expect that buying out of minority shareholders is around the corner.

This is how HW's scenario will likely play out too......only issue here is that both FMN and HW are listed on NGX, so it may take another dimension....(or may not).

Mpeace:
I sold since oh. With chinkili profit. The money done finish sef.
The wait became too much.

You see nah...

thesilentone:
At least, she should forward the emails on to the appropriate department.

Na Insurance firm oooo......no be brokerage firm.

GTCO: Was able to stay afloat in Q3..
https://doclib.ngxgroup.com/Financial_NewsDocs/36998_GUARANTY_TRUST_HOLDING_COMPANY_PLC%20_QUARTER_3_%20_FINANC.pdf
UBA: Improved Q3....
https://doclib.ngxgroup.com/Financial_NewsDocs/36988_UNITED_BANK_FOR_AFRICA_PLC%20_QUARTER_3_%20_FINANCIAL_STAT.pdf
AIICO: Q3...
https://doclib.ngxgroup.com/Financial_NewsDocs/37001_AIICO_INSURANCE_PLC%20_QUARTER_3_%20_FINANCIAL_STATEMENT_.pdf

yMcy56:

Weldone sir..
How else would UBN/Titan have given you enough time when they've been on this issue for over a year?

Many people don wait tire and sell off self.

Think we've been discussing this here but got tired of it at some points too........but when bulk purchase was done and paid for, you should have expect that buying out of minority shareholders is around the corner.

This is how HW's scenario will likely play out too......only issue here is that both FMN and HW are listed on NGX, so it may take another dimension....(or may not).


You see nah...

They caught me off guard, lucky I haven't sold.

Honeywell is next target.

If one needs to fill a form when will it be out ?. I thought holders of the shares will just be paid off and get ebuyout payment in their accounts like a dividend warrant automatically?

yMcy56:
UBN
At long last, Titan Trust is buying out minority shareholders......
@Mpeace are you still holding unto it?

From my % calculations now,
Bulk purchase from majority shareholders is 89.39%
Minority shareholders: 6.59%
So, 89.39% + 6.59% = 95.98%

Who owns the remaining 4.02% .......Or maybe this was acquired off record.

** For those planning to take part in the Mandatory Take-over @N7, if not already seated in the bus, you have only today and tomorrow to key into it.

Qualification Date is Monday 31st October 2022
..BUT for settlement purpose (T+3days), you have to buy latest 26/10/2022.
REGISTRAR: Cardinal Stone

Guinness dividend just landed.

UPL is on Full Bid.

Buy, Sell, or Hold?