₦airaland Forum

Who brought his UACN to the market...PETER is that you

PETERiCHY:
For the NEWBIES

UACN is currently recovering from it 10yr low.

Since their major problem (UPDC losses) has been identified that brought about the UNBUNDLING EXERCISE.

(UPDC recapitalization take place within Q1 2020 while the UNBUNDLING of the subsidiary UPDC and UPDC REITS will take within Q2 2020.

What their MARKET MAKERS are trying to do now is simply SHAKE OUT weak HANDS.


Give and take fair price is above N20.

*ThE OcToPuS*

And the much awaited UPDC right issue starts now @#1: 00k per SHARE

BARGAIN HUNTER TAKE NOTE!

*ThE OcTuPuS*

Since UACN is providing more than 50% of the funds for the rights issue...UPDC is a bargain @0.90k for those looking for penny stocks.

I would most likely buy 0.90 below

RabbiDoracle:
Stephen, leave me jare.

Market doesn't go in a straight line nauw.

Stephen

Good Morning lol

Good day sir/ma, please I want to know something. If I have 50k in my stabic ibtc account, can I transfer it to my GTbank account. Thanks

stcool:
Since UACN is providing more than 50% of the funds for the rights issue...UPDC is a bargain @0.90k for those looking for penny stocks.

I would most likely buy 0.90 below

You would mostly likely buy 0.90 below from who or where

E ku market ooo.
Normal trading ongoing so far. Quite a lot of indecision in the market.......bull or bear? ...........no direction yet.

This MH wouldnt allow person rest here.
The scheme of arrangement that's still unclear to the Promoter himself.
Peter, why is moneybag not excited yet?

Has anyone been able to visit any NSE website today? Mine shows service error.

debeey87:
Has anyone been able to visit any NSE website today? Mine shows service error.

That website is an embarrassment to the giant of Africa.
Always having error issues. Error 503, service unavailable.

PETERiCHY:
And the much awaited UPDC right issue starts now @#1: 00k per SHARE

BARGAIN HUNTER TAKE NOTE!

*ThE OcTuPuS*

6 new shares for 1 existing share? MH should take note!!

Mcy56:
E ku market ooo.
Normal trading ongoing so far. Quite a lot of indecision in the market.......bull or bear? ...........no direction yet.

This MH wouldnt allow person rest here.
The scheme of arrangement that's still unclear to the Promoter himself.
Peter, why is moneybag not excited yet?

UACN Property Development Company Plc (“UPDC” or the “Company”) has concluded arrangements to raise N=15.96 Billion via a Rights Issue (the “Rights Issue” or “Transaction”), to repay its short-term debt obligations and significantly reduce leverage. The Transaction is part of UPDC’s broader strategy to create long term shareholder value by recapitalising and repositioning the Company.

Shares in UPDC will be offered to existing shareholders whose names appeared in the register of members of the Company as at 30 September 2019 (the “Qualification Date”) in line with the Rules and Regulations of the Securities and Exchange Commission. The allotment will be on the basis of 43 new ordinary shares for every 7 ordinary shares held, at a price of N=1.00 per share.

https://www.vanguardngr.com/2020/02/updc-launches-n15-96bn-rights-issue/amp/

Mcy56:
E ku market ooo.
Normal trading ongoing so far. Quite a lot of indecision in the market.......bull or bear? ...........no direction yet.

This MH wouldnt allow person rest here.
The scheme of arrangement that's still unclear to the Promoter himself.
Peter, why is moneybag not excited yet?

Why you no quick enter today?

JBerger @ 23.......... N8.00 EPS showing itself

Jegede Oil and Gas. e be like say Milost deal don click for Uncle Jegede oh

akinssan:
Why you no quick enter today?

Boat wey suppose carry me no quick come ni. Lol.
Who dey find me? Hope say na $$ the person wan give me.

Mcy56:
Boat wey suppose carry me no quick come ni. Lol.
Who dey find me? Hope say na $$ the person wan give me.

We wan hear low down of market ni oooo.
money must be made.

arduino:
Jegede Oil and Gas. e be like say Milost deal don click for Uncle Jegede oh

The gut of that Japaul no be here.

akinssan:
We wan hear low down of market ni oooo.
money must be made.

I posted already nah.
Nothing is happening in the market. We just dey observe ni.

Eternal is sighted at N2 now..................going below..........though bid still more than offer .......most bids below N2.
FCMB trading at range...............
FUGAZ defending share prices...........
Investors cautious of trading................ bidding lower............
Zenith refused to fall in price below 19.85, let's hope the big oga wouldnt show up to crash the price again.....

Updating...........

Mcy56:
Eternal is sighted at N2 now..................going below..........though bid still more than offer .......most bids below N2.
FCMB trading at range...............
FUGAZ defending share prices...........
Investors cautious of trading................ bidding lower............

Updating...........

The chinese guy has found a duplicating machine that suits FBNH shares @ N6.00.....

DeRuggedProf:
The chinese guy has found a duplicating machine that suits FBNH shares @ N6.00.....

Chai! Prof, I'm not understanding this wise saying.
My layman's observation: Buyers increasing, dont want to buy above 5.95/6, sellers not willing to sell below 6. Tough one.

Mcy56:
Chai! Prof, I'm not understanding this wise saying.
My layman's observation: Buyers increasing, dont want to buy above 5.95/6, sellers not willing to sell below 6. Tough one.

Morgan traders looking for a QUICK 10% this week......

DeRuggedProf:
Morgan traders looking for a QUICK 10% this week......

Lol. We see how the week goes........but as of now, there's a mixed reaction in market.

Pls does anyone has link to e-dividend form for vitafoam. I cant find it on NSE website and Meristem as well.
Need to fill the form so that my dividend can be credited to my bank account.
Thanks

Jejebabaa:
Pls does anyone has link to e-dividend form for vitafoam. I cant find it on NSE website and Meristem as well. Need to fill the form so that my dividend can be credited to my bank account.

Baba Jeje, we've posted this link several times here nah.
https://sec.gov.ng/public-notice-the-e-dividend-mandate-activation-forms-of-various-registrars-are-now-available-for-download/

Vitafoam is Meristem.

Mcy56:
Baba Jeje, we've posted this link several times here nah.
https://sec.gov.ng/public-notice-the-e-dividend-mandate-activation-forms-of-various-registrars-are-now-available-for-download/

Vitafoam is Meristem.

Apologies madam for the repetitive request of the form. Na old age thing don dey set in be that.
Thanks so much for your prompt response, it's well appreciated.

Jejebabaa:
Apologies madam for the repetitive request of the form. Na old age thing don dey set in be that.
Thanks so much for your prompt response, it's well appreciated.

Old age should make you to be buying Vitafoam products, not their shares.....

DeRuggedProf:
Old age should make you to be buying Vitafoam products, not their shares.....

bahd guy deprof

DeRuggedProf:
Old age should make you to be buying Vitafoam products, not their shares.....

Lol.
Whether he don buy the product tired self

NSE to Change Name Soon, as it Plans to Complete its Demutualisation Process.
The exchange recently in an email message to members, stated it would be holding an Extraordinary General Meeting with members of its council to hold a vote for the demutualisation of the bourse and then after, will list on its exchange.
However, this is part of the demutualisation process which President Buhari signed in 2018.
The demutualisation process would also see the company change its name from the Nigeria Stock Exchange to “Nigeria Stock Exchange PLC“. Members of the exchange are scheduled to vote on March 3rd to convert from a member-owned mutual organization into a public limited-liability company.

*Document removed*