₦airaland Forum

seyisanya:
So Fidelity has finally leave FCMB behind...

pluto09:
For UBA, new units of shares of UCAP and APR were created to be issued to uba shareholders.
I know UACN is the parents company of both UPDC and REIT but I also understand that you can not pluck units of shares from the air. It is either they create new one or some unit holders are given up their shares.

pluto09:
Where are these free UPDC and REIT shares that will be given to UACN shareholders coming from?
Who is giving up his/her units to dash others or are they going to create extra units of UPDC and REIT

CashDiMkpa:
UACN will simply cede the portion of the shares it owns in both entities while other shareholders who hold the shares independently will retain theirs. If UACN owns 60% of the shares, then that's the proportion that will be given to existing shareholders of UACN in an agreed sharing ratio. If some existing shareholders of UPDC and REIT do not own shares in UACN, they wont be getting any additional shares from UACN. That's how i suppose it will work.

rebekah2011:
The challenge I have is that the interest income will be badly affected going into the year 2020 if the CBN continues with the madness playing out in the fixed income space. It is good for serious accumulation.
http://www.nse.com.ng/Financial_NewsDocs/28010_UPDC_REIT_-_Q3_RETURNS_FINANCIAL_STATEMENTS_OCTOBER_2019.pdf

CashDiMkpa:
UACN will simply cede the portion of the shares it owns in both entities while other shareholders who hold the shares independently will retain theirs. If UACN owns 60% of the shares, then that's the proportion that will be given to existing shareholders of UACN in an agreed sharing ratio. If some existing shareholders of UPDC and REIT do not own shares in UACN, they wont be getting any additional shares from UACN. That's how i suppose it will work.

RabbiDoracle:
After the IPO, price shot up to 150+

People called it manipulation. That the holders are hoarding and that was why price went high after IPO.

Oya nauw, see the price.

BAMOFIN1:
Zenith bank is one of tfhe major stocks on the Nse for retail investors who are necessarily concerned about factors capable of influencing its price appreciation and rate of dividend yield especially at this crucial year end. I have read Nsempa to discover reasons that have been suggested by members for the recent and rather unending offloading of Zenith. Some opined that Jim is divesting to enter into agric, that efcc is forcing a major holder to a forced selloff and that a major holder is selling off to buy Access bank shares. Most of these are speculations which cannot be completely without basis. What I seek at this moment is the opinion of those who are very close to the market or have people close to the market can find out who is really offloading and for how long this is likely to persist? I remember when Guinness was going down uncontrollably a member informed us it was msci that was selling off and he even told us when the sell off ended. I would appreciate input from yok, mcy, dipolowo,oak and Intendy to mention a few.

pluto09:
Good, you have answered my question.
That take us to another one.
Why is UACN giving up its shares in REIT? I understand they are giving it up in UPDC because it has not been a profitable venture.

OakPearl:
Because UPDC-REIT is a subset of UPDC and UACN being the parent company of UPDC, they naturally have a stake in REIT.
The same reason any holder of UACN will inherit stakes in both UPDC and the REIT as at when the unbundling becomes official.

ukay2:
Oga what will I gain after unbundling uacn with my 1,000 units of uacn..
Thanks Sir

bigjay01:
Am not sure of the ratio. However, if the 100:60:30 as quoted earlier holds, then expect 600 UPDC & 300 REIT.

ukay2:
But is UPDC AND REIT quoted in the NSE.....I can't see them in the list of stocks from Morgan daily stocks prices . .


Also do you think is a good investment to buy more UACN at the current price.?

Thanks Sir

bigjay01:
Am not sure of the ratio. However, if the 100:60:30 as quoted earlier holds, then expect 600 UPDC & 300 REIT.

seyisanya:
While we await the boss' response, I would say: Yes, if you're planning mid-term to long-term investment. And no if you're in it for a short-term reward.

CashDiMkpa:
UACN will simply cede the portion of the shares it owns in both entities while other shareholders who hold the shares independently will retain theirs. If UACN owns 60% of the shares, then that's the proportion that will be given to existing shareholders of UACN in an agreed sharing ratio.

Mcy56:
My own question is: When is the unbundling going to take place?

Mcy56:
My own question is: When is the unbundling going to take place?

akinssan:
Christmas mode

ebuka1997:
Bad news coming out from Nigeria
https://nairametrics.com/2019/12/20/fitch-rates-nigeria-low-blames-buharinomics-for-economy-crisis/

emmanuelewumi:
First quarter of 2020

Mcy56:
My own question is: When is the unbundling going to take place?

lancee:
I beg Mcy / people in the house wetin be the xmas and new yr holiday period for NSE ..Thanks

aremso:
25,26 and 1st of jan 2020

lancee:
I beg Mcy / people in the house wetin be the xmas and new yr holiday period for NSE ..Thanks

Mcy56:
You mean you dont know?
Too much money!

PETERiCHY:
Latest April 2020
By the time UACN 2019 FY result will be out..

lancee:
I no no sis , thought it's gonna be a long holidays , but I like it that way its short ..we still trade till tues and after xmas