veecovee:
Oh! Caverton dividend, just landed ... so soon.

This is unlike united securities.

walcolm:
@Godlylifeoneart,
Pls note that MTN, the company does not own its own shares so they cannot sell 2.5b units of shares to raise money for operations!!!!!. the shareholders are the one's not selling shares and even if they sell, not a penny goes to MTN

jideflash:
Oh boy it was an interesting experience. Unfortunately i came 4th out of 5 nominees in the election of Audit committee members, with the top three selected.
Nothing really new were disclosed today at the AGM even though some strong questions were asked by some Shareholders.
About the Caverton / Osibanjo incident, the Chairman said they cant discuss on the matter as AIB is still investigating. I believe this accident report will be a determiner on Insurance claim or maintenance cost.

Then, there was abit of unruly behavior by hungry shareholders who were majority in attendance, over the sharing of Gift bags. There was so much shouting and pushing, at a time it was like a stampede sef. I totally agree with SEC on the ban of Gift sharing at AGMs. This gifts only attract shameless fellows who careless about the company (as they dont own tangible units of shares) and neither do they contribute meaningful questions and suggestions. They want the AGM end so fast (without grilling the management and board), so they can get the gifts and go to the next event.

Na so one of them come meet me, said; sorry i didnt win the vote, but i should buy him recharge card, and whenever i want to run again, he will help me organise people to vote for me at a fee. He also said he came from Ondo for the AGMs. So basically, it has turn to some Inec vote buying thing.

jideflash:
Oh boy it was an interesting experience. Unfortunately i came 4th out of 5 nominees in the election of Audit committee members, with the top three selected.
Nothing really new were disclosed today at the AGM even though some strong questions were asked by some Shareholders.
About the Caverton / Osibanjo incident, the Chairman said they cant discuss on the matter as AIB is still investigating. I believe this accident report will be a determiner on Insurance claim or maintenance cost.

Then, there was abit of unruly behavior by hungry shareholders who were majority in attendance, over the sharing of Gift bags. There was so much shouting and pushing, at a time it was like a stampede sef. I totally agree with SEC on the ban of Gift sharing at AGMs. This gifts only attract shameless fellows who careless about the company (as they dont own tangible units of shares) and neither do they contribute meaningful questions and suggestions. They want the AGM end so fast (without grilling the management and board), so they can get the gifts and go to the next event.

Na so one of them come meet me, said; sorry i didnt win the vote, but i should buy him recharge card, and whenever i want to run again, he will help me organise people to vote for me at a fee. He also said he came from Ondo for the AGMs. So basically, it has turn to some Inec vote buying thing.

veecovee:
Oh! Caverton dividend, just landed ... so soon.

This is unlike united securities.

Mcy56:

I didnt say you are self centred but I know you like them big na....big figures, fat account and all the bigs sha.
You don reach the AGM venue?
If you don reach, snap the audit committee members and upload the pic. I know I'll be able to identify Jideflash once I see his suit colour and STI logo.

einsteine:
What exactly do you want them to do?
This is not an offer for sale or IPO.
Shares have been listed. Are you going to put a gun to people's head for them to sell their shares to you? If you had MTN shares on the day of introduction, would you sell it?

phemmie06:
I was there but he didn't win. He came fourth. Clean man with nice beard

Mcy56:

Lol. He said so too - that he came 4th.
He's a winner actually and it was a nice try .
Did you give him a handshake and let him know you're Phemmy?

Jejebabaa:
I am trying to download the H1'18 audited results of UBA but can't find it on NSE website corporate disclosure page. I will appreciate anyone with a direct link please.

Mcy56:

The thing is: something didn't just add up in their listing and it needs to be tackled before it plunges the economy/NSE into big trouble.
Some top people are out to benefit hugely in its listing and it seems some little, but vital rules were overlooked or bypassed.
Don't ask me what it was cos I don't know but it's just glaring. If nothing is urgently done, MTN will freely and easily move to 500 and keep going, all they need to do is to keep hoarding it, all in the name of shareholders are not willing to sell and, it keeps going at 10% daily increase.

walcolm:
@Godlylifeoneart,
Pls note that MTN, the company does not own its own shares so they cannot sell 2.5b units of shares to raise money for operations!!!!!. the shareholders are the one's not selling shares and even if they sell, not a penny goes to MTN

phemmie06:


http://www.nse.com.ng/Financial_NewsDocs/23924_U_B_A_PLC_FINANCIAL_STATEMENTS_OCTOBER_2018.pdf

Chibuking81:


If the mtn annualised estimate eps stand at #9.50, it means that those pursuing it have sole aim of jumping out before q2 result which will expose the overprice value of the mtn stock. If the EPs stand to be true, they should be in the region of GTB and Stanbic , that is #30/#50.

Attachment copied from Godlylifeoneart:

tritritri:



No ooh..i dey dump transcorp dis market i no understand.

aremso:
The Nigerian Communications Commission (NCC) has disclosed that MTN Nigeria Communications Plc has till Friday, May 31, 2019, to pay the last tranche of it N330 billion sim registration fine. The remaining balance is N55 billion.

According to a statement made available to newsmen, yesterday, the regulator disclosed that MTN has so far paid a total of N275 billion, thereby leaving a balance of N55 billion which must be paid by the end of May.

Meanwhile, MTN had been paying the fine in tranches. The telco began the payment structure with N30 billion paid to the Nigerian Communications Commission via the Treasury Single Account with the Central Bank of Nigeria (CBN) in late 2016.

On March 31, 2017, MTN paid another N30 billion into the Treasury Single Account. The company then paid N55 billion into the TSA on March 31st, 2018. It also paid N55 billion on March 31st, 2019.

“THE BALANCE AND FINAL TRANCHE OF THE PAYMENT WILL BE PAID BY MAY 31, 2019, IN LINE WITH THE STAGGERED PAYMENTS STRUCTURE AGREED BY MTN AND NIGERIAN GOVERNMENT.

“IT WILL BE RECALLED THAT THE NCC ON OCTOBER 20, 2015, IMPOSED A FINE OF N1.04 TRILLION ON MTN FOR INFRACTION OF THE PROVISION OF THE NCC TELEPHONE SUBSCRIBERS REGISTRATION REGULATIONS 2011; FOR FAILURE TO DISCONNECT 5.2 MILLION IMPROPERLY-REGISTERED SUBSCRIBER IDENTIFICATION MODULES (SIM) LINES WITHIN THE PRESCRIBED DEADLINE, BECAUSE THESE LINES HAD ECONOMIC ACTIVITIES ON THEM WITHOUT PROPER REGISTRATION.”

About the company: MTN Nigeria Communications Plc remains the leader in the Nigerian telecoms industry. As of February 2019, the company recorded the highest number of mobile internet subscribers. The company’s subscriber base increased by 41% to 46.5 million.

OBAGADAFFI:


Well, they will the collect money from Nigerian Banks to pay the Nigerian Government.

Sad.

deepsuk:
I clap for you
For the nse to issue long statement like dat u know 1000% there is a SCAM below the surface
The game b to push up d price of a 2 kobo unit to 220 Naira and then do IPO whereby d new shares will be dumped on the future shellholders
Shebi u don see the new debt the CO is loading from d same ppl wey dey streamline the scam itself
Sec na mumu unless they are in on it Nse we all know have collected their share

chillykelly86:


No Sir, MTN International owns about 78% of the total shares of MTN Nigeria.
And the whole essence of this MTN Nigeria listing on NSE is to reduce the holding of MTN International. It simply means that those who were negotiating with them did not do a good job.

deepsuk:
Anyway sha how far wid the thief caverton agm
Our rep did he manage to ask d question why the price never cross IpO price till date??
In fact ennn You shud all sharrrap regarding d mtn scam because no b new thin Caverton ipo too was a scam

Jejebabaa:

Thanks boss, though this was 9M ended 2018 but i am trying to get 6M ended 2018.

Yayira:


GBAM! Mtn wisest of them all.. first introduce the stock before ipo and hid shares under one mtn international.. they should have asked mtn nigeria to float nothing less than 5 billion since they want to do introduction before ipo..

robobo:


That is what we call " Government money in Government House" --- Barkin Zuwo

bisiki2:


FYI

Regards.

http://www.nse.com.ng/Financial_NewsDocs/23525_U_B_A_PLC_FINANCIAL_STATEMENTS_AUGUST_2018.pdf

robobo:


but why all of una dey castigate MTN naaaaa

Na typical Nigerian culture to do introduction/ engagement before marriage (ipo) naaaa

dem just dey learn our culture fast fast

i beg make una leave dem alone joorrr