onegentleguy:
WHY AIICO INSURANCE IS DIVESTING...

The divestment of AIICO Insurance Plc from AIICO Pension Managers Limited is NOT driven by the company’s recapitalisation plans, the Managing Director/CEO, Babatunde Fajemirokun, has said.

Fajemirokun, in a statement in Lagos, stated that the company divested for two reasons.

He explained that the first is to unlock the value that is greater than holding the asset as a subsidiary.

The second, he said, is to deploy the capital in other assets where AIICO has a stronger competitive advantage, thereby maximising the long-term value for its stakeholders.

He said while AIICO has entered into discussions with FCMB Pensions Limited for the divestment of AIICO Pension, the proposed sale would see an uptake of AIICO’s 70 per cent stake in the company.

He further stated that the proposed transaction is subject to the approvals of the National Pension Commission (PenCom) and the Federal Competition and Consumer Protection Commission (FCCPC).

He noted that AIICO Insurance is a leading composite insurer with a record of serving its clients that dates back over 50 years.

https://thenationonlineng.net/why-aiico-insurance-is-divesting/

Mcy56:

FCMB closed 1.9
Fidelity: 1.80........some kobos to cover and overtake. Lol.

Mcy56:

FCMB closed 1.9
Fidelity: 1.80........some kobos to cover and overtake. Lol.

megawealth01:
We are watching the fight btw the duo... Just in two days fcmb has delivered me more than 10 percent... I am in both anyways

locodemy:


I know you will be thinking of a second wife when you hammer.

You don hammer already.Enjoy the more.

Bjrokenhear003:


Continue quoting textbook, what I saw when trading is different,Go look At forte oil when they issued bonus shares and people rushed and sold theirs on the floor, the truth is that when they issue bonus shares,

1) the shares in the company increases

2) people rush to sell it on the floor crashing the price

3)if the company sustains the NP level as before EPS falls and MPS falls automatically and it’s get worse if NP level falls EPS falls further

So in any way I don’t like when a company issues bonus shares to its investors or does right issues( Flour mill 2018 if you don’t buy you have lost as TERP price falls) and people still rush to sell on the floor. Truth is cost of equity is expensive and isn’t tax free, whilst cost of debt is cheaper

Mcy56:
GTB arrived KM 22.
Zee lifting body small small.

Think this has to do with the expectation of interim dividend.

Fidelity: 31M bids vs. 4.8M offers
FCMB: did 1.81 already....

UBA, Fbnh, Access.....lifting body small small

naturalflow:
all through my life,I have never seen a billionaire chartist but I have seen a few billionaire fundamentalist.

Mcy56:
GTB arrived KM 22.
Zee lifting body small small.

Think this has to do with the expectation of interim dividend.

Fidelity: 31M bids vs. 4.8M offers
FCMB: did 1.81 already....

UBA, Fbnh, Access.....lifting body small small

Coolcash1:




More green to your portfolio...

Mcy56:
Wapco ....

PETERiCHY:
Heavy CROSS DEAL going on in MTN

BARGAIN HUNTERS TAKE NOTE!

Aquilapriscilla:

Thank you for the advice Sir.

Please who here is into crypto? I want to buy ripples and keep for long term. Is this a good move?

ukay2:
Eku Bull Markets ooooo

#Locodemy chartist is doing well

#RabbiDoracle is doing well

onegentleguy:


As I stated before now, this is possibly a win-win for both AIICO and FCMB.
My assessment though, is exempt from what the MD of AIICO has got to say.
...We like both coys !!

#shorttomidtermplays
#Hold

Mcy56:
Zenith is really struggling at 16.60......
Could this be skepticism?

Updated: closed at 16.65....

locodemy:


Fide is taking back his position.
There will be a strong fight tomorrow btw the two and the fight may take both to full bid all the day.

Ositadinma,your fcmb exit is 1.96.Are you still exiting?

Akakwobeghi kwa beans o.
Uche gi dikwara ya.

Bukkydudu:
Gpod evening everyone.

Please i need advice feom this platform. I intend to invest little money on shares for short term investment ( like 2 months) can anyone advice me on the shares to buy. I have Oando and Wapco in mind, i dont know if its a good xhoice.
Pls help
Thank you

Mcy56:

Meshpips' VWAP. Lol.
Does it means TA is more important boss?

locodemy:


Fide is taking back his position.
There will be a strong fight tomorrow btw the two and the fight may take both to full bid all the day.

Ositadinma,your fcmb exit is 1.96.Are you still exiting?

Akakwobeghi kwa beans o.
Uche gi dikwara ya.

ositadima1:


What do u suggest? Oga OGG is in favour of #hold and the market looks set to break the 2.2 barrier. My FCMB has been on auto exit for 1.96, I think I will be extending my exit. Also, the general banking sector looks promising.

megawealth01:

ositadima1:


Oga watin happen?

megawealth01:
You will still shift it at km2.2

fxuser:



if prices can just brk prev highs ehn
that wud be great . .

short play activated
zen uba fbn

will see if wapco comittee meeting is open for late comers very early lolll

ositadima1:


What do u suggest? Oga OGG is in favour of #hold and the market looks set to break the 2.2 barrier. My FCMB has been on auto exit for 1.96, I think I will be extending my exit. Also, the general banking sector looks promising.

Moda1:
Nwanne m Loco , ano mu na ugbo fidelity, kedu mgbe nga na ele anya igbafu . Kowara m biko . Imela