₦airaland Forum

megawealth01:
It's in the hands of the shareholders association bosses sha

Sunrisepebble:
They need 75% approval. I’m sure it will be rejected

Sunrisepebble:
Cardinal stone pumping the stock on behalf of Tony

Sunrisepebble:
At present they have notified SEC of their intent to do RI and instead of making a mistake like Accessco i.e a price that is at premium to Secondary market (although it was successful and fully subscribed) they have tested the waters with a blank RI price to SEC. More info soon

zendi:
Emma is an eminent analyst nonetheless. He knows the history of Oando from Unipetrol. He is not against Oando or Oandites, but is highly critical of the governance.

emmanuelewumi:
Although I no too like the core investor, but Conoil never missed dividend payment from 2002 to date, even though it will be paid in October or November which is 10 to 11 months after their business year.

Some of us have watch how the stock grew from N20 to the current price at a time when the other stock was selling at two and half to three times the market price of Conoil.

ogoo4real:
UBA sighted @35.00 Super!!!

Capitas7:
Follow-follow without growing in knowledge in this market na highway to winning big and losing all. After many years of amassing money in the market, it will be time for children to inherit everything.

1. If your approach has been to follow the money and follow the picks on NSEMPA without knowledge, where would those children go to for picks?

2. With what knowledge, how will they manage the inheritance? Gamble all in the market?

SonofElElyonRet:
This UBA wey i wan do jijo during dividend declaration and told my stockbroker to buy. I fight am for buying at almost N30 then before payment of dividend.. na my last bulk money be dat and i no come fit exit. Now I'm enjoying the ride... i don turn am to long term. Be like say it will still go far.. mid to long term

Pesuzok:
Sorry to intrude sir, in this present age, why do you need your broker to buy on your behalf?

Locotrader:
Welcome to a new week.
Watch out for insurance stocks this week.

MANSARD will deliver at least 20% this week

Cornerstone

Prestige.

Also watch out for Cileasing,livestock

Transcorp,oando,wapco,uacn,Unilever etc.

Bovis:
Nothing like pumping a good stock. UBA is grossly undervalued based on its fundamentals and results. Most shareholders would be happy to take up their full rights

Africa Prudential is the registrar not Cardinal stone (issuing house)

Akpaamunsi:
Some of you don't understand that there are lots of old and analogue people on this thread, even people in their 70s are here; and they are not adaptable to new technologies.

Be Guided young man

BabsO2:
Though UBA is currently more underpriced than Zenith or GTCO, its CBN mandated capital raise need to be priced closer to Zenith for several reasons.

In 2007 the public offer prices for the banks were
UBA N35.00 (rights was N34)
Zenith N38.90 (rights was N36.90)
FB N33.00 (rights was N31)
ACCESS N14.90
Fidelity N8:00
FCMB N14:00

2023 FY and 2024Q1 Book Values per share
UBA N57.37 & N73.81
Zenith N73.95 & N90.61
FB N47.88 & N52.53
ACCESS N42.34 & N **(looks lower than many quote)
Fidelity N13.67 & N14.6
FCMB N19.4 & N 22.62

Looking at earnings per share UBA, Access, Zenith and GTCO are competing strongly with Zenith in the lead and UBA attempting to drag position with GTCO. But I guess investors will place premiums on consistent dividend payout and growth. Zenith and GTCO are leading here.

Willie2015:
Abeg leave this stingy bank

Na dem mate be UBA wey don reach N35

Sunrisepebble:
In a sane country what UBA and Cardinal stone have done would be investigated. They submitted blank price to sec but notified them of intent to do a rights issue, pumped the stock to their desired price to allow for lowest level of shares dilution, then submitted desired price to NGX after close of trading

Pesuzok:
I remembered when I had this stock at 16 naira and couldn't wait to sell at 20 naira . It seems people that make money in stock investing are those that do not sell their stocks. I am new to investing, but I saw the mtn at 97, fbn, acc, uba at 4 - 5 naira, DS at 11.

enviroque:
does anyone know the address of Seun Osewa or Naira Land. We have a court summon for defamation of character to our company on this blog

Ginalex:
Afriprud is the registrar of UBA not CardinalStone

Sunrisepebble:
I did not mention that Cardinal Stone is the registrar. I have spoken to a broker in the market and he confirms that they were the ones propping up the stocks price

Pesuzok:
Let me hold on tight to my access.

jonnysessy:
That stingy back will in no distant time outshine UBA that is manipulating their share price for right issues. Let's see how they will sustain it.

Sunrisepebble:
I didn’t make an error when I said Cardinal Stone. I spoke with a trader, it was them moving the stock. If I misused the word pump, It’s an unethical manipulation of the share price

jonnysessy:
That stingy back will in no distant time outshine UBA that is manipulating their share price for right issues. Let's see how they will sustain it.

BabsO2:
Please compare the two book values per share for common NGX shareholder and you will see UBA is a far ahead. Already ahead of GTCO but behind Zenith. UBA is also ahead in EPS and CIPS.

ProphetUtuocha:
US election and our stock market
------------------------------------------------
In the midst of the cloud,
I witnessed anxiety and restiveness
Suddenly, there was calm
And a new world order emerged
With Trump as the 47th US president

Watch out for the 2nd coming of Trump!
Our market will, interestingly, be a beneficiary!

Sunrisepebble:
I did not mention that Cardinal Stone is the registrar. I have spoken to a broker in the market and he confirms that they were the ones propping up the stocks price

Pesuzok:
Sorry to intrude sir, in this present age, why do you need your broker to buy on your behalf?

BabsO2:
Please compare the two book values per share for common NGX shareholder and you will see UBA is a far ahead. Already ahead of GTCO but behind Zenith. UBA is also ahead in EPS and CIPS.