₦airaland Forum

megawealth01:
UNITY BANK current outstanding shares: 11.69B shares

PropTrader:
I doubt Unity Bank is going to be relisted. It's likely going to be a cash for share transaction regardless of the term used e. g. Merger, Acquisition etc. If you know the major owner of Providus, he appear averse to stock exchange quotation. He is even trying to take the Insurance company he is a major stakeholder in, private.

mikeapollo:
You need to consider the merger ratio plus the existing outstanding shares of Providus Bank

nosa2:
Is it possible they could both go down?

Asking for a friend

PropTrader:
I doubt Unity Bank is going to be relisted. It's likely going to be a cash for share transaction regardless of the term used e. g. Merger, Acquisition etc. If you know the major owner of Providus, he appear averse to stock exchange quotation. He is even trying to take the Insurance company he is a major stakeholder in, private.

Xidget:
There may not be 100kunits to pull it further down, but retail investors will likely be able to buy around 1600

opadiya:
You are very very very correct on "he appear averse to stock exchange quotation" The situation may not be perfectly clear now, it is nonetheless a fact that Providus Bank post whatever arrangement is likely to be a privately owned bank.

mikeapollo:
There would have to be an approval at AGM before such decision could be taken. Unity Bank shareholders are currently the majority in number and would not agree to such.
In the absence of such approval, the bank cannot go private, especially when they are merging with a public-listed entity like Unity Bank.
And it has been officially reported severally that Providus bank is preparing to list on NGX.

opadiya:
Time will actually tell. We are only try to make permutations based on our assessment of the dominant figures in the 'merger'.
I think the word 'likely' I used is also pointing to the fact that my position is not a certainty. It is highly probable, though.

Xidget:
There may not be 100kunits to pull it further down, but retail investors will likely be able to buy around 1600

nosa2:
Is it possible they could both go down?

Asking for a friend

mikeapollo:
Your earlier opinion i.e. going private may still happen in future i.e. after the merger, initial listing on NGX and then an AGM approves the decision to go private if the offer price is accepted by shareholders

mikeapollo:
There would have to be an approval at AGM before such decision could be taken. Unity Bank shareholders are currently the majority in number and would not agree to such.
In the absence of such approval, the bank cannot go private, especially when they are merging with a public-listed entity like Unity Bank.
And it has been officially reported severally that Providus bank is preparing to list on NGX.

awesomeJ:
If it closes at 1710 today, next week it will be on FULL BID.

It will close above 1800 today though.

jckgroup1:
NGX introduces futures, guess it should interest you.

NGX30U6 futures
PensionU6 futures.

jckgroup1:
NGX introduces futures, guess it should interest you.

NGX30U6 futures
PensionU6 futures.

pluto09:
The Merger will be consummated through a Scheme of Merger (the “Scheme”) under Section 711 of
the Companies and Allied Matters Act, 2020 Act. Under the Scheme, Unity Bank will merge all its
assets, liabilities and undertakings with that of Providus Bank, with Providus Bank being the surviving
entity. Following the completion of the merger, Providus Bank will be rebranded and renamed
Providus-Unity Bank Limited (the Enlarged Bank” or the “Enlarged Entity”) to reflect the integration
of both institutions, subject to the provisions of the Scheme. Consequently, the entire issued share
capital of Unity Bank shall be cancelled and Unity Bank shall be dissolved without being wound up.

megawealth01:
Baba Makanjuola and Wale... Baba is better anyways but those handling the coy now eh seems they learnt work under Wale and not baba

SonofElElyonRet:
Moving close to T day settlement

thebargainhunte:
Caverton listed by introduction on May 20, 2014 at a price of N9.5 while Seplat got listed by ipo on April 14, 2014 at a price of N576. Since then, Caverton has not gotten to that price and yet no dividends. Make Una beg Baba to have pity on us.

ppogba:
Dem don carry you handicap.

GeeKudi:
Hopefully, OANDO is benefitting from it.

PropTrader:
I doubt Unity Bank is going to be relisted. It's likely going to be a cash for share transaction regardless of the term used e. g. Merger, Acquisition etc. If you know the major owner of Providus, he appear averse to stock exchange quotation. He is even trying to take the Insurance company he is a major stakeholder in, private.

ojeysky:
Ofcourse they are but they will not let the shareholders smell the cheese not even the crumbs

awesomeJ:
Wow...
Thank you.
I'll read up on it.

I should also start planning a new brokerage account, cos the current ones I use don't even allow trades on the DEBT board.

Thanks again.

jckgroup1:
NGX introduces futures, guess it should interest you.

NGX30U6 futures
PensionU6 futures.

Agbalowomeri:
We don dey enter Kalo Kalo small small

Joyful365:
Increase in crude oil price leads to increase in cost of production and transportation.

If producers transfer the cost to consumers, demand and sales will drop, meaning less revenue.

Stocks in the consumer goods sector will be the first to take a hit in Q1, Q2 2026, then every other will follow gradually till we hit the bottom one year from now.

If you are in good profit, exit and stay in cash or more stable and liquid investment.

With Israel reportedly now targeting energy infrastructure in Iran the world economy is going to feel the impact soon