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These un-informed guys buying AG Leventis above 45k, did they have other mission apart from selling it at 53k?
Just wondering.

Mcy56:

It's always been like that since.

....market didnt bring Xmas rally this year, maybe next week anyway. The market is just dull today.

Very dull ,mostly low vols ..if no happen b4 31st then , maybe all na till results out niyen

Mpeace:
There is 100% certainty uacn will end 2019 on a heavy loss

With the recent BOARDER CLOSURE UACN 2019 Q4 will be SUPERB.

Mpeace:
There is 100% certainty uacn will end 2019 on a heavy loss

Do you mean the same loss from discontinued operations like in Q3?

Many Nigerian FMCG companies are going to report lower revenue. The border closure is never in their favour.

PETERiCHY:


With the recent BOARDER CLOSURE UACN 2019 Q4 will be SUPERB.

UPDC Reits continue to fall in price.

sky2891:

Do you mean the same loss from discontinued operations like in Q3?

Mcy56:
These un-informed guys buying AG Leventis above 45k, did they have other mission apart from selling it at 53k?
Just wondering.

Core investors want to delist the company and pay shareholders 70k per share.

It is a win for the core investors.

emmanuelewumi:
Core investors want to delist the company and pay shareholders 70k per share.
It is a win for the core investors.

Is it 70k now? It was 53k before.
Pls clarify sir.
Also did you have any information on Continsure payment date ?

AG Leventis has 2.65 billion outstanding shares, @ 70k per share that means the conglomerate is valued at less than N2 billion.

The real estate portfolio of the company all over the country is far more than N2 billion, I see the core investors embarking on asset stripping and then try to reposition the company

emmanuelewumi:
Core investors want to delist the company and pay shareholders 70k per share..

Sir, the core investor is paying 53k as at the last bulletin published in NSE.
http://www.nse.com.ng/Financial_NewsDocs/27891_A.G._LEVENTIS_NIGERIA_PLC._CORPORATE_ACTIONS_OCTOBER_2019.pdf

Mcy56:

Is it 70k now? It was 53k before.
Pls clarify sir.
Also did you have any information on Continsure payment date ?

I don't have the stock, I learnt it was reviewed upward

sky2891:

Do you mean the same loss from discontinued operations like in Q3?

Exactly. The superb result talked about should start coming by 2020

Whatever game it is someone outside transcorp is playing is soo on point.. he/she is buying at a good and fixed price.. I guess there’s a buy order at 1 naira and below that when it hits, we see volumes..

cc BBM
boss you dey see weytin I dey see?

Mcy56:

Sir, the core investor is paying 53k as at the last bulletin published in NSE.
http://www.nse.com.ng/Financial_NewsDocs/27891_A.G._LEVENTIS_NIGERIA_PLC._CORPORATE_ACTIONS_OCTOBER_2019.pdf

One of the shareholders' activists informed me that it was reviewed to 70k. I think that is the reason for the renewed interest in the stock

At 53k the whole business will be valued at about N1.5 billion which is meagre.

emmanuelewumi:
One of the shareholders' activists informed me that it was reviewed to 70k. I think that is the reason for the renewed interest in the stock
At 53k the whole business will be valued at about N1.5 billion which is meagre.

Not yet made public then.
Sir, but you know they are going to re-register/re-list it with another name, maybe that's why they dont want to pay more than 53k. Just saying.

Mcy56:

Not yet made public then.
Sir, but you know they are going to re-register/re-list it with another name, maybe that's why they dont want to pay more than 53k. Just saying.

I got the information yesterday evening. The company will be delisted

When will they have the court ordered meeting, that will approve the consideration?

emmanuelewumi:
I got the information yesterday evening. The company will be delisted

Okay thanks sir.

Mpeace:
There is 100% certainty uacn will end 2019 on a heavy loss

emmanuelewumi:
I got the information yesterday evening. The company will be delisted

Sir what about continsure, did you have any info on it?

Mcy56:

Sir what about continsure, did you have any info on it?

They have not updated us with further information

emmanuelewumi:
They have not updated us with further information

Appreciate sir.
Please dont hesitate to inform us should you hear further update from them.
Just tying moni down since all these days.

FCMB .......refused to go below 1.80. Will it close its gap with Fidelity in coming days? Looking likely.
CCNN money bag bargain hunters don dey show small small.

Mcy56:

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

Still uncertain. But what you should be watching out for first is the recapitalization of UPDC which will likely precede the un-bundling if one judges from how they presented the different steps to the restructure in their release to the NSE. If this is the case then don't expect any un-bundling till maybe late Q2 of 2020 after all the steps to the rights issue have been completed.

Me thinks they are delaying because they may have one or two additional subsidiaries they want to get rid of and/or maybe eyeing acqusitions as well.

Serious resistance ongoing in Access/UBA/FBNH .............though they shed few kobos but not a free fall.
Zee................goalpost shifted further down to 18.45.
UACN

PETERiCHY:


I said it severally dont put yourself on high tension.
Expect SIDEWAYS TRADING till DEC 24th.QED!

December promo ends today from next week till first week of January will be party after party
BARGAIN HUNTERS TAKE!

PETERiCHY:
December promo ends today from next week till first week of January will be party after party
BARGAIN HUNTERS TAKE!

Peter what about Xmas and New year expenses? Chicken and all that?

FCMB closed at 1.90.
Zee...........18.30.

Mcy56:
FCMB closed at 1.90.
Zee...........18.30.

When a vehicle has two opposing minded drivers....

I do not think anyone in Zenith should unnecessarily panic.

DeRuggedProf:


When a vehicle has two opposing minded drivers....

Mcy56:

Sir, the core investor is paying 53k as at the last bulletin published in NSE.
http://www.nse.com.ng/Financial_NewsDocs/27891_A.G._LEVENTIS_NIGERIA_PLC._CORPORATE_ACTIONS_OCTOBER_2019.pdf

Average price of AG Leventis shares traded today is 53k.

382480 units traded at N203,497.50k.

I learnt 70k was proposed and agreed by shareholders of the company at the Extra Ordinary General Meeting held on 22nd November 2019 at Lagoon Restaurant Victoria Island Lagos

Stocks with new 52 week lows
Uniondac #0.20k
Nahco #2.12k
Nascon #11.95k