₦airaland Forum

leo1234:
What's holding gtco result

SonofElElyonRet:
We await more positive news to drive another, even more powerful rally 👍

KarlTom:
With the current SP, I don't think UBA rights were taken by minority holders.
I anticipate an extension of the deadline with tomorrow's holiday in mind...

Panadee:
Oga, you’ve joined the prophets’ club

Panadee:
Oga, you’ve joined the prophets’ club

MrSamsung:
Please from your email, the ambiguous or non-straightforward "50 kobo each at N50 per share" statement means what in actual cost of the rights issue

KarlTom:
That statement is about the nominal (par) value of a share versus its market/issue price.

Let me try and explain:

50 kobo each is the nominal (or par) value of the share i.e. the minimum face value assigned when the company created the shares via IPO
₦50 per share is the actual price at which the share is being sold (in the stock market or through a new issue).

The difference between these two values is called Share Premium

KarlTom:
Actually the signs were there

Now I expect a rally that'll take the SP well above ₦50 in order to make the RI attractive to SH 🤠

By the way, I don't know why I never received correspondence on the UBA RI from PAC Registrars 🤔. My wife and son do get their mails

MrSamsung:
Please from your email, the ambiguous or non-straightforward "50 kobo each at N50 per share" statement means what in actual cost of the rights issue

MrSamsung:
Thank you very much for the explanation.

So as investors since we are getting the Rights issue at the actual price/market price(N50), why do they bother mentioning the nominal value(50 kobo) ? Or is there a way to get those Rights issue at the nominal value price or share premium price, which in either case will be a huge discount(10x or close to 10x)

Panadee:
Oga Karl has done justice to your question 👍🏾

GeneralDae:
Omo naira (parallel market) dey vex this morning oo

KarlTom:
Just read an article on Reuters that Indonesia, the world's largest producer and exporter of Palm oil, has deployed a biofuel (called B40) that uses 40% Palm oil content.

In 2024, 13.2million kilolitres was consumed with 15.6million kilolitres allocated for 2025.
They're already working on B50 (60% palm oil content) which may require up to 19 million kilolitres of palm oil a year with likely deployment in 2026.

Likewise, there's an outbreak of Ganoderma (a parasitic fungus that causes palm trees to rot).

Palm Oil price might move ⬆

MrSamsung:
Thank you very much for the explanation.

So as investors since we are getting the Rights issue at the actual price/market price(N50), why do they bother mentioning the nominal value(50 kobo)? Or is there a way to get those Rights issue at the nominal value price or share premium price, which in either case will be a huge discount(10x or close to 10x)

awesomeJ:
Good time to hold naira assets o.
And their $21bn liquidity injection hasn't even come.

I considered reactivating my dollar fund account last month, but I was like what's the point really?

MMF will give me 18%
Dollar fund will give 6% and if naira strengthens to 1350, I would have lost 10%


Every strategy needs a good timing.

I don't think now's a good time to be converting naira.

awesomeJ:
haa...
Except you co-found the company o.

Nominal kwa Please na

MrSamsung:
Can you expantiate more on your "except you co-founded the company o."
Does it mean as a UBA co-founder, I can or I will get it at the nominal value?

awesomeJ:
No, like someone said, you can never get the shares at nominal value again.

You could only have gotten for that price at the point of incorporation. If you were a founding member.

Like 30, 50, 100 years ago.

Or you can just ask an AI to explain more, it's patient enough.

But use one that has "Thinking" o.
Otherwise you're likely to hear more rubbish than facts.

MrSamsung:
For example in your case when you mentioned "except co-founders", your statement was simple and straightforward but not clear without inserting a timeline(only possible timeline). So if I were a co-founder, with your "except co-founders" statement, I wanted to jump on the opportunity.

awesomeJ:
It just may end this quarter below #1400.

That'll be a good relief.

That's like N1m going off the price of average cars for Nigerians.

Let people take a breather.

awesomeJ:
You're exactly right.
Sorry for not constructing the statement properly.
Also I apologize if it seemed like I insinuated you didn't already have the knowledge I shared.

But I appreciate the kind of response you gave, I like it. It was easy to see where I was wrong.

Some other people would just argue unnecessarily.

IYGEAL:
If Presido and Customs don't tax it away, that is.

KarlTom:
Actually the signs were there

Now I expect a rally that'll take the SP well above ₦50 in order to make the RI attractive to SH 🤠

By the way, I don't know why I never received correspondence on the UBA RI from PAC Registrars 🤔. My wife and son do get their mails

GeneralDae:
Omo naira (parallel market) dey vex this morning oo