Justcul:


Most probably, No! you can already see a rejection at closing

thats everyones wish.....volumes/buying pressure should be taken into consideration....3rd time its testing that support within 3 weeks....tomorrow is pregnant

Ekpekus:

How can I get access to naked charts like this?

investing.com

sincerelymine:


investing.com

Thanks

GonFreecss1:


As in en! Hehehehehehehe - prayers for this and that. The scam of religion in Nigeria will be exposed one day.

I think banks should be okay. My people, don’t panic sell o! Lol. Stay very calm. And even if prices drop, I know the dividend yield hunters will be ready to mop some up.

It thrives on unemployment. Even at that, Covid has exposed them for who they are. Church budget pass many states own and them no dey render any service or provide infrastructure. Just scamming people.

No one is against unbundle of UACN, but I feel that with their current price they have price in with their unbundling news, their price need to lower to #4 to pick some other passengers, who will be willing to wait till December or next year when the unbundle news will materialize. Take for instance you are in the unbundle vehicle @ # 7 and Zenith bank visit #12 and UBA visit #4.80, UCAP visit #2 Dangote cement below #100 and you still tell me to keep on balancing well in unbundle motor at #7. As other vehicle are changing gear, they also need to Change gear.

Chibuking81:
No one is against unbundle of UACN, but I feel that with their current price they have price in with their unbundling news, their price need to lower to #4 to pick some other passengers, who will be willing to wait till December or next year when the unbundle news will materialize. Take for instance you are in the unbundle vehicle @ # 7 and Zenith bank visit #12 and UBA visit #4.80, UCAP visit #2 Dangote cement below #100 and you still tell me to keep on balancing well in unbundle motor at #7. As other vehicle are changing gear, they also need to Change gear.

Chief, hindsight is 2020.

When did DandCem go below 100 naira?

The UACN you're talking about, didn't it come from sub 5 naira?

.

stcool:
UACN Directors and all the majority shareholders are bunch of thieves....

First you increased Directors Remuneration from 100 Million for 2019 to over 120 Million for 2020 in spite of the reality on ground from COVID-19

Then you leave minority shareholders in the dark with regards to UACN Unbundling

Nigerian CEOs are thieves, even Stanbic IBTC Nominees is a part of this fraud

Pray for the best, plan for the worst and prepare to be surprised.

Anything and everything is possible.

Unbundling of UACN businesses will unlock wealth for Investors, it will also show that the managers of UACN are shareholders centric.

Will UPDC support the unbundling at this time? Maybe in another 12 months or 24 months, just speculating.

After the unbundling the loser will be UPDC, the company will have to be independent. The company has no father ie UACN to run to when it has financial crisis, the unbundling will also put an end to the dividend of about N1 billion UPDC gets from his son UPDC REIT.

The revenue generated by UPDC in 2019 couldn't take care of the company's expenses. This is a disaster, if such a company is made to stand alone

I think the core Investors of UACN wants UPDC to succeed post unbundling, considering the state of the economy and the real estate market, this may not be the right time to allow UPDC stand on its own.

That is why, I am against talking or predicting about market outcomes with 100% certainty, we will always be proved wrong again and again.

Always good, humble and intelligent to give room for that element of surprises and disappointments.

My opinion though

Chibuking81:
No e. Take for instance you are in the unbundle vehicle @ # 7 and Zenith bank visit #12 and UBA visit #4.80, UCAP visit #2 Dangote cement below #100 and you still tell me to keep on balancing well in unbundle motor at #7

Within the same timeframe loco would have done 3 trips on fcmb.

Northeastern:


It thrives on unemployment. Even at that, Covid has exposed them for who they are. Church budget pass many states own and them no dey render any service or provide infrastructure. Just scamming people.

Churches should be the least of your problem because when the government fails people will turn to the supernatural for succour. Elect responsible leaders and hold them accountable.

*IMPLICATIONS OF THE NEW CBN POLICY OF GLOBAL STANDING INSTRUCTION*

The CBN yesterday released a new policy called GSI (Global Standing Instruction). The policy is a very welcome policy. Below, i try to summarize the major points of the policy.

1. It applies to all financial institutions in the country.

2. If you take a loan in any bank (say GTB) and you refuse to pay back, we would look for any other bank(s) in the country (say Access bank, and Sterling bank) where you have accounts and there is money, we would take the money from those accounts and pay GTB back.
E.g you take 30k Loan from GTB and you fail to pay back. You have 10k in your Access bank account, 15k in your Sterling bank joint account with your wife and 8k in your child's First bank account that you help her manage (because she is still a minor). We would sweep the 15k in your Sterling bank joint account with your wife, sweep the 10k in your Access Bank, and take 5k out of the 8k you have in your child's First Bank account. We would send them all to GTB. The remaining 3k in your child's First Bank account would not be touched. That's a promise. ��

3. Even if its a joint account that your BVN is found on, money would be moved from there!

4. If we find out that you have an account that we should have moved money from but you have done chua-chua to not put your bvn on that account, then your BVN would be watchlisted. My brother, that is a major gbege! You are finished!

5. Only principal and interest would be swept from your other accounts. Penalty charges would not be included. CBN don try for us o. ��

6. If a bank wrongfully activates GSI on you (you have not defaulted on your loan and they go make the system sweep from your other accounts) , the bank would pay a fine of 500k sharparly. No begging.

7. If you complain about a wrongful activation of GSI on your accounts, and the bank claims you are wrong, you then decide to request for arbitration. If the arbiter rules that you are correct, then the bank pays a fine of 10M. No story!

The GSI becomes effective from August 1st 2020.

This helps the system to fight serial loan defaulters and allows banks to more readily give out loans. As a matter of fact, a bank can now choose to give you a loan without you previously having an account with the bank.

It's a new dawn in our country.

*- Otunba Fad.*

jamace:
*IMPLICATIONS OF THE NEW CBN POLICY OF GLOBAL STANDING INSTRUCTION*

The CBN yesterday released a new policy called GSI (Global Standing Instruction). The policy is a very welcome policy. Below, i try to summarize the major points of the policy.

1. It applies to all financial institutions in the country.

2. If you take a loan in any bank (say GTB) and you refuse to pay back, we would look for any other bank(s) in the country (say Access bank, and Sterling bank) where you have accounts and there is money, we would take the money from those accounts and pay GTB back.
E.g you take 30k Loan from GTB and you fail to pay back. You have 10k in your Access bank account, 15k in your Sterling bank joint account with your wife and 8k in your child's First bank account that you help her manage (because she is still a minor). We would sweep the 15k in your Sterling bank joint account with your wife, sweep the 10k in your Access Bank, and take 5k out of the 8k you have in your child's First Bank account. We would send them all to GTB. The remaining 3k in your child's First Bank account would not be touched. That's a promise. ��

3. Even if its a joint account that your BVN is found on, money would be moved from there!

4. If we find out that you have an account that we should have moved money from but you have done chua-chua to not put your bvn on that account, then your BVN would be watchlisted. My brother, that is a major gbege! You are finished!

5. Only principal and interest would be swept from your other accounts. Penalty charges would not be included. CBN don try for us o. ��

6. If a bank wrongfully activates GSI on you (you have not defaulted on your loan and they go make the system sweep from your other accounts) , the bank would pay a fine of 500k sharparly. No begging.

7. If you complain about a wrongful activation of GSI on your accounts, and the bank claims you are wrong, you then decide to request for arbitration. If the arbiter rules that you are correct, then the bank pays a fine of 10M. No story!

The GSI becomes effective from August 1st 2020.

This helps the system to fight serial loan defaulters and allows banks to more readily give out loans. As a matter of fact, a bank can now choose to give you a loan without you previously having an account with the bank.

It's a new dawn in our country.

*- Otunba Fad.*

I am more intrested in those fines

If the fine of 6 or 7 is paid by the defaulting bank, who will take the money the CBN or the customer?

Will people jump out of UACN today? Mr market....what do you say?

IYGEAL:


I don't think he's a religious fanatic. I don't know if he's got a precedence though. But, you know, religion gives people hope in bad times; even if it's mostly false hopes, but still...

In an unrelated story, the saddest thing I have read this year aside Covid 19 is the apparent murder in his home of Fahim Saleh, the founder of Gokada - who I got to know after his speech when Lagos banned Okada in some parts.

Let's try and be domesticating our grief and condolences... Several killings in Kaduna this year.. Let's mourn them too..

Good morning house. Trust the da is going on well, i do like ask, is there any stock brokerage firm in Nigeria that offers virtual accounts, thanks in advance. May the trend be with you.

carbonado:
Good morning house. Trust the da is going on well, i do like ask, is there any stock brokerage firm in Nigeria that offers virtual accounts, thanks in advance. May the trend be with you.

You mean DEMO accounts?

I have not seen any

carbonado:
Good morning house. Trust the da is going on well, i do like ask, is there any stock brokerage firm in Nigeria that offers virtual accounts, thanks in advance. May the trend be with you.

Bros, forget Demo account for stocks jare. This is not Forex abeg.

OBAGADAFFI:


You mean DEMO accounts?

I have not seen any

yes...okay thank you..

emmanuelewumi:




Pray for the best, plan for the worst and prepare to be surprised.

Anything and everything is possible.

Unbundling of UACN businesses will unlock wealth for Investors, it will also show that the managers of UACN are shareholders centric.

Will UPDC support the unbundling at this time? Maybe in another 12 months or 24 months, just speculating.

After the unbundling the loser will be UPDC, the company will have to be independent. The company has no father ie UACN to run to when it has financial crisis, the unbundling will also put an end to the dividend of about N1 billion UPDC gets from his son UPDC REIT.

The revenue generated by UPDC in 2019 couldn't take care of the company's expenses. This is a disaster, if such a company is made to stand alone

I think the core Investors of UACN want UPDC to succeed post unbundling, considering the state of the economy and the real estate market, this may not be the right time to allow UPDC stand on its own.

That is why, I am against talking or predicting about market outcomes with 100% certainty, we will always be proved wrong again and again.

Always good, humble and intelligent to give room for that element of surprises and disappointments.

My opinion though

Boss UPDC predicament is of their own making.

They pioneered the upscale market (in the 90 and early 2000) but den became a dinosaur not extending to other part of the market (mid / lower mid e.t.c) despite a lot of nimble competitors (money bag one man developers) eating away at their cookie pie (upscale). These other markets (mid/ lower mid) had tremendous opportunities as exemplified by lekki garden commercial success / what happened in the osapa/Agungi / chevron corridor.

In summary their future success wld still require them leaving that upscale market into other markets with latent demand or else it wld continue to be a bottomless pit

Penboy:


Bros, forget Demo account for stocks jare. This is not Forex abeg.

....lol.....

carbonado:
yes...okay thank you..

yochaa app

carbonado:
Good morning house. Trust the da is going on well, i do like ask, is there any stock brokerage firm in Nigeria that offers virtual accounts, thanks in advance. May the trend be with you.

Meristerm has two mobile app platforms for tradings.Meritrade and merigame.Maritrade is a live account for trading stocks at Nse while merigame is a virtual online platform for newbies to practice tradings and become perfect.They will fund the acct with 1m naira for trading Nigerian stocks.

Go to Google play store and download merigame app.I use to be on the top list of profit makers and now I am perfect in trading stocks,I have stopped using it.

Try it,you will like it.

vibesdot001:
yochaa app

thank you....

locodemy:


Meristerm has two mobile app platforms for tradings.Meritrade and merigame.Maritrade is a live account for trading stocks at Nse while merigame is a virtual online platform for newbies to practice tradings and become perfect.They will fund the acct with 1m naira for trading Nigerian stocks.

Go to Google play store and download merigame app.I use to be on the top list of profit makers and now I am perfect in trading stocks,I have stopped using it.

Try it,you will like it.

Thank you....just downloaded it...

robobo:


Boss UPDC predicament is of their own making.

They pioneered the upscale market (in the 90 and early 2000) but den became a dinosaur not extending to other part of the market (mid / lower mid e.t.c) despite a lot of nimble competitors (money bag one man developers) eating away at their cookie pie (upscale). These other markets (mid/ lower mid) had tremendous opportunities as exemplified by lekki garden commercial success / what happened in the osapa/Agungi / chevron corridor.

In summary their future success wld still require them leaving that upscale market into other markets with latent demand or else it wld continue to be a bottomless pit

They were investing for capital appreciation, they we making money during the real estate bubble using short term funds for a long term projects, they were not cautiously optimistic, they thought the party, that is the good time will go on for ever..


They have been in the business for years, they do not have reserves, steady cash flow.

If not for the likes of First Trustees and other institutional Investors of the company, who suggested a REIT in 2013, that could create a steady cash flow for the business and SEC protection for the REIT I wonder how UPDC will be able to survive.

When UPDC was cash strapped in 2018, it was UPDC REIT that bought one of the investment properties of UPDC for over N3 billion

The company made huge profit from 1004 Estate real estate deal, too bad the company could not retain 100 apartments in the estate which could create steady annual cash flow for the business


We need a disruptor in the real estate sector

Is this the much talked about bonanza or should we still wait for better bargain?

JULIUS BERGER

52 Week High/Low: 22.92/14.90

The market has reached its compression limit may continue to range until Q2 results start coming in...

The only way from here is a breakout in the upwards direction

Next week into August should be bullish!!!


On the side...I hope it is a major takeover that is happening in Sterling bank

Whichever direction we are fully seated and waiting.

emmanuelewumi:



They were investing for capital appreciation, they we making money during the real estate bubble using short term funds for a long term projects, they were not cautiously optimistic, they thought the party, that is the good time will go on for ever..


They have been in the business for years, they do not have reserves, steady cash flow.

If not for the likes of First Trustees and other institutional Investors of the company, who suggested a REIT in 2013, that could create a steady cash flow for the business and SEC protection for the REIT I wonder how UPDC will be able to survive.

When UPDC was cash strapped in 2018, it was UPDC REIT that bought one of the investment properties of UPDC for over N3 billion

The company made huge profit from 1004 Estate real estate deal, too bad the company could not retain 100 apartments in the estate which could create steady annual cash flow for the business


We need a disruptor in the real estate sector

UPLC has been a lazy and Wasteful father to his son UPDC-REIT

Loooooool

ukay2:



UPLC has been a lazy and Wasteful father to his son UPDC-REIT

Loooooool

UPDC REIT is very frugal, although the company lost money based on some transactions the REIT had with the parent company..

I guess the valuation of the Shopping Mall at Festac. It was a joint venture between UPDC REIT, UPDC and some developers
UPDC REIT is liquid, the company overpaid for the investment.


UPDC REIT should stop buying overpriced real estates of UPDC

stcool:
The market has reached its compression limit may continue to range until Q2 results start coming in...

The only way from here is a breakout in the upwards direction

Next week into August should be bullish!!!


On the side...I hope it is a major takeover that is happening in Sterling bank

Whichever direction we are fully seated and waiting.

Market now is defiling TA,FA,NA SA and other AAA things.

Jijoists like me must have cash out waiting for the next direction.