thebargainhunte:


Pls, what is happening in wapco? Are they working during this lockdown?

Reason I am buying now cos full supply will start after lockdown. Even dangote will move like bolt.
Not encouraging anyone to buy

Princkez:
have you considered what their q1 2020 will look like...remember full year 2019 NPL ratio is below 10%...q1 2020 result might send the price above #5...just my personal view, thanks

Not saying fbnh is not good for pick, but buying today.
Not saying those inside the bus should sell either, they recorded inproved performance so far.
I may be wrong cos the moneybags may show to move the price before end of today's market.
I also have small units and considering selling if they keep dragging the price backward.

emmanuelewumi:



Dangote cement is working at Ibeshe Ogun State

Tot FG closed non essential goods.

PharmAlfred:
Hahahaha. You are trouble maker sir. Richy will be like 'who send me's
I wish him good luck. But we are buying UACN @ circa 3.

abuhusna1:

Reason I am buying now cos full supply will start after lockdown. Even dangote will move like bolt.
Not encouraging anyone to buy

If you are buying it for dividend that's fine. Are u expecting good result in their q2?

abuhusna1:
I don run sell my unilever to an optimist and buying wapco from pessimists.

Will mention you when Unilever move.................

Tvegas:
Why is everyone picking on the guy, he wasnt the only one in UACN now.

You dont know Peter, he would have used meme to finish all those inside the bus if not that he got stuck there.
Well, for those inside, its not the end of uacn yet, after few days bashing it will reverse back.

DeRuggedProf:


Did you receive Covid-19 funds?
That's the only free free money now you can waste in that manner....

Prof prof. You no go kill person. Pls give Richy our guy small hope na.

GTB : Done with the pullback? We are observing.......
There's indecision in the market so far.....................we see how it goes.......

Mcy56:
GTB : Done with the pullback? We are observing.......
There's indecision in the market so far.....................we see how it goes.......

UACN made a very bold decision........

Mcy56:

Not saying fbnh is not good for pick, but buying today.
Not saying those inside the bus should sell either, they recorded inproved performance so far.
I may be wrong cos the moneybags may show to move the price before end of today's market.
I also have small units and considering selling if they keep dragging the price backward.

I understand what you are saying...But I missed UBA below #6 before markdown now see the price after markdown...

Princkez:
I understand what you are saying...But I missed UBA below #6 before markdown now see the price after markdown...

Yes. It depends generally on the market situation.
The 38kobo might just be a 'dash' if bull visits the market today.
buying around 4.50-4.60 for dividend purposes is not bad around this time anyway. Only that theres uncertainty in the market.
DD applies. Individuals are to follow what is working for them.

onegentleguy:


If I have to answer to everything in ur post, it would be way too long, so I'll just take on some bit in between.

1st off, the 1st paragraph in ur post is not far from the truth as it highlights the present red flag in CAP.

On point No 1, u may need to do a bit more dig on ur analysis though.
U are assuming that the core investors(not only thermis) were unprepared of the possibility of a lukewarm interest from shareholders on UPDC rights, but probably forgot to note how the coy(UPDCs) current ASSET BASE, relates to the RIGHTS PRICING of N1/share(compare AGPR and NAV to EM)
And do u truly really think the core investors are(or will be) cash hungry over the rights? ...not sure u know them.

Hear this; There is a reason why the RECAPITALIZATION exercise preceeded(came before and not after) the RIGHTS ISSUE, and why the RESTRUCTURING will come after the RIGHTS ISSUE.

...a brief;

It's important to note that UPDCs travail was majorly the result of overburdened interest bearing loans. ...which UACN(being the parent coy) had to 'house'.
Some of us forget that;
1) Post rights issue, UPDC will have almost zero debt.(both short and long term) except for a circa N4B+ long term bond.(the rights takes care of this)
2) Post restructuring, UPDC will be allocated an asset with a face value equivalent to its % holding of the NAV of UPDC REITS, as well as other discretionary benefits.
If u understand the 2 points(read btw the lines), then u'll see why the core investors(again, not just thermis) would indeed be well prepared and will gladly take up the rights.

On point No 2 and 3, well, I totally agree with u on the part in bold. I personally think that Portland paints should've been merged with CAP long before now given their similar business niche.
However, if there are any mergers or even divestment, it will be because the parent coy(UACN) is looking to streamline their business segments and focus its strength on areas it believes can drive better margins and not ordinarily just for the sake of needing cash. After all, any cash raised from any such move would still be ploughed back into the business. This was part of the coys roadmap to turnaround and growth.(guidance was always given on that line)

On point No 4, that PFA has been liquidated(sold)
The arm was classified as a disposal segment held for distribution to owners of the parent coy in the 2018 calendar yr.

Finally, yes like u, I also do not expect UACN to pay any dividend for the 2019 calender yr.
The coy is presently at an inflection point to growth, so it makes sense to want to conserve cash for that purpose and more. ...but then again, the BoDs might still decide to pay out something no matter how small.

All said, I still maintain that UACN is a strong BUY even at the current price. ...in fact, accumulate !!
I have done several past analysis, including a breakdown of the accrued benefits(to UACN shareholders) from the unbundling using the SOTP valuation approach and other key metrics here, so not much to say.
It will do u a lot of good to take an in-depth look at UACN' FP in the last 6 quaters and compare all key lines. Dig deep(including the NTS) on all reports leading up to their 2018 YE FP and compare with every trailing quarterly report to date.

I need not tell u why the core investors will proceed to ensure the full success of UPDC rights...
or why the insiders and BoDs have at one point or the other moped up UPDC REITS and especially UACN stocks from the floor.
Their AEP for the latter(UACN) currently stands @ circa N10+.

I recently bought more after selling previous holdings at a premium.
And quite frankly, I'll be more than glad if it drops a little more so we can increase our stake.
Time will put things in their right perspective !!

Selah

If u are in UACN, HOLD very tight and be overprotective of it.
...infact, be vigilant to massively ACCUMULATE more !!

The current huge offer is for the most part, "a mirrage".
Actual sellers are only very few.(those with eyes can see it)

In all, No point highlighting the good and inherent reward in the result.(keeping it for later)
...will be glad for it to come down in price, so some of us can accumulate much more.(note the part in bold)
I will SURELY utilize this great opportunity for good !!

These "plays" are sometimes a tradition in the "NSE room"
...but 'Mr TIME has a way of settling them'.

Selah

DeRuggedProf:
UACN made a very bold decision........

Prof, not talking about UACN o, its exempted.
Ardova too. That stock is a big disappointment. Since they did magomago during the offer purchase and changed name, it's been falling.

thebargainhunte:


If you are buying it for dividend that's fine. Are u expecting good result in their q2?

Yeah dividend first before thinking about q2

abuhusna1:

Reason I am buying now cos full supply will start after lockdown. Even dangote will move like bolt.
Not encouraging anyone to buy

I have learnt not to buy on hope in this market.

...and a good one at that !!

Mcy56:

Will mention you when Unilever move.................

That is the spirit my sister being optimist

emmanuelewumi:



He is planning to sell UACN this morning, hence the subtle marketing and projections of hope for the stock.

The stock already commenced its journey to a new 52-week low . The full offer is very full!

Julius berger is inching up to
Hopefully #30.
As d d day is still far

leo1234:


I have learnt not to buy on hope in this market.

Let me learn my learn to then we be on same page but right now I'm hopeful dangote and wapco will be better after covid

abuhusna1:
That is the spirit my sister being optimist

Lol. I hope you don't mistook it for monkey hunting, I dont even have Unilever, some stocks I mention, I don't have them, but once I see value in any I mention it for the benefit of those interested. Doesn't mean im always right.
See fcmb, I didn't even wait for markdown cos I don't have time for cardinal stone wahala. The dividend paid was a bonus to all those that heed the call to buy at 1.50 and below.

ndidigood:
Julius berger is inching up to
Hopefully #30.
As d d day is still far

I tell you. Na wetin I dream to buy today very well as he dey go I can't enter a moving train make I keep my 22k units dey observe the movement. That bonus we go chop am together

Mcy56:

Lol. I hope you don't mistook it for monkey hunting, I dont even have Unilever, some stocks I mention, I don't have them, but once I see value in any I mention it for the benefit of those interested.
See fcmb, I didn't even wait for markdown cos I don't have time for cardinal stone wahala. The dividend paid was a bonus to all those that heed the call to buy at 1.50 and below.

You are a good sailor. You dey part of people I respect on this forum. God bless you

abuhusna1:

I tell you. Na wetin I dream to buy today very well as he dey go I can't enter a moving train make I keep my 22k units dey observe the movement. That bonus we go chop am together

on full bid no offer as at now

seyisanya:
The stock already commenced its journey to a new 52-week low . The full offer is very full!

I expect them to announce their unbundling plan so as to stem the price fall. I don't see it getting bashed more than necessary anyway, it will stabilize once bids starts showing....my opinion.

abuhusna1:
You are a good sailor. You dey part of people I respect on this forum. God bless you

Lol. My bosses should get all the credit o. Na dem try pass.

DeRuggedProf:


Go and see the offers, I will invite NCDC to visit that place......
He posted when people were trying to logon, Offers then were around 10m, the offers are fighting and attracting attention, Now over 16m and most people never logon ooo. Panic never start oo.
Chai, UACN = U Are Covid Now......

Lmao this cracked me up

Mcy56:

Prof, not talking about UACN o, its exempted.
Ardova too. That stock is a big disappointment. Since they did magomago during the offer purchase and changed name, it's been falling.

Don't take your eyes away from it yet. The acquisition and share purchase period was a wrong time to look at it because of many moving parts. Its just approaching a healthy value zone. Sectorally, are you happy being invested in oil marketing sector?

TLAX:


Don't take your eyes away from it yet. The acquisition and share purchase period was a wrong time to look at it because of many moving parts. Its just approaching a healthy value zone. Sectorally, are you happy being invested in oil marketing sector?

The new Subsidy policy will affect the down stream sector.

http://www.nse.com.ng/Financial_NewsDocs/29703_U_A_C_N__OF_NIGERIA_PLC._FINANCIAL_STATEMENTS_APRIL_2020.pdf incase you have not seen it.9billion loss after tax.

Ruggedprof the table you are shaking will fall many people down ooo. No go make us sell uacn at loss when you and I know they will bounce back. Just join us at whatever price it comes down to and let's travel north America together