meine:
Which time in particular, se na 6 months ni Abi na 1 year? Is there any special dividend investors will get from the sales? Also What is the future EPS of UACN? You fit clarify these make we end the matter.

No comment my dear !!
On the part in bold, which matter? ...there's no matter oo !!

Divergent views and perspectives is always welcome. ...it's what makes the stock market one of the most dynamic investing environment and broadly determines the mechanics of money flow within it.

I can only advise u to follow ur instinct.

It is well.

onegentleguy:


No comment my dear !!
On the part in bold, which matter? ...there's no matter oo !!

Divergent views and perspectives is always welcome. ...it's what makes the stock market one of the most dynamic investing environment and broadly determines the mechanics of money flow within it.

I can only advise u to follow ur instinct.

It is well.

But Oga Onegentleguy, you never answer Meine questions on Special Dividend from UACN sell of UPDC and future EPS of UACN from sell of 50% UPDC shares .

Am waiting for your response please

zionaigbokhan:
I predict UACN to loss 10%.

You nearly got it - 9.49%

There is nothing worse than a distrust management, The battle for the remnant of virtue left in uacn group is on.
History has shown that investors have never benefited from past unbundling executed by uacn.
I knew it would come to a scenario where the assets of UACN would be distributed among parties.
The money paid by custodian investment was made from uacn to buy updc, the future profits from updc would be used to acquire uacn and UPDCREIT by the same group of people, all at the expense of minority investors.
Nigeria is finished.
The deal was perfected and consummated in 2016.
This was the same way they took ETI (ecobank) away from Nigerians.
Using Nigerian investors money to acquire a whole bank by foreigners without paying a kobo, due to unfaithfulness of Nigerians in authority.
The same scenario had played out in uacn.
A big sorry for Nigerian investors that are currently trapped in the contraption called uacn conglomerate.
A sad story, packaged by aiyesimoju to prevent investors epidemic of grief.
No sensible regulatory body would have sanctioned the deal.
The best compensatory deal should have been the unbundling.
Custodian investment group will only delist updc after recovering every single cent spent in the acquisition.
This is the same fate that await Ardova investors.
No dividend, no capital appreciation, investors are trapped.
100% acquisition will only take place after money spent is recovered with 1000% yield.
This can only happened in Nigeria.
Investors are voiceless.

onegentleguy:


No comment my dear !!
On the part in bold, which matter? ...there's no matter oo !!

Divergent views and perspectives is always welcome. ...it's what makes the stock market one of the most dynamic investing environment and broadly determines the mechanics of money flow within it.

I can only advise u to follow ur instinct.

It is well.

My friend, Quick question.

Do you trust UACN management?

Godlylifeoneart:
There is nothing worse than a distrust management, The battle for the remnant of virtue left in uacn group is on.
History has shown that investors have never benefited from past unbundling executed by uacn.
I knew it would come to a scenario where the assets of UACN would be distributed among parties.
The money paid by custodian investment was made from uacn to buy updc, the future profits from updc would be used to acquire uacn and UPDCREIT by the same group of people, all at the expense of minority investors.
Nigeria is finished.
The deal was perfected and consummated in 2016.
This was the same way they took ETI (ecobank) away from Nigerians.
Using Nigerian investors money to acquire a whole bank by foreigners without paying a kobo, due to unfaithfulness of Nigerians in authority.
The same scenario had played out in uacn.
A big sorry for Nigerian investors that are currently trapped in the contraption called uacn conglomerate.
A sad story, packaged by aiyesimoju to prevent investors epidemic of grief.
No sensible regulatory body would have sanctioned the deal.
The best compensatory deal should have been the unbundling.
Custodian investment group will only delist updc after recovering every single cent spent in the acquisition.
This is the same fate that await Ardova investors.
No dividend, no capital appreciation, investors are trapped.
100% acquisition will only take place after money spent is recovered with 1000% yield.
This can only happened in Nigeria.
Investors are voiceless.

Please explain, the money paid by Custodian Investment was made from UACN to buy UPDC. How

How did Private Equity firms like Thermis Capital and others own substantial shares of UACN?..


It happened during the last right offer of UACN. Most shareholders did not take their right because of the dismal performance by the company and her subsidiaries, coupled with the fact that 2 years before last right, the company raised money through right which shareholders did not see any substantial return on their Investments .

Thermis Capital and firms used the right offer to buy into the company to own substantial holding, Stanbic IBTC was the issuing house to the right. The current CEO of the company worked with Stanbic IBTC before he founded Thermis Capital, the private equity firm that is now a major shareholder of UACN

I want to believe that the acquisition was financed by loan, hence asset stripping in order to get quick returns on their Investments.


I never expected core portfolio managers to create wealth for shareholders by creating wealth through efficient management of company.

The attractions are the huge assets of the company that were under utilized which the new corporate raiders are interested in converting to cash, rather than cash flow generating assets.


I hope their is no relationship between the new core owners of this old conglomerate and a former CEO of the company.

GSK sold one of their businesses about 3 years ago and paid a special dividend of N7.00 per share. This corporate action made the stock price of GSK to move from N15.00 to N44.00.


The best way the management of UACN will be partially forgiven by shareholders is to share proceeds of their part sale of their UPDC shares will shareholders of the company.

emmanuelewumi:
How did Private Equity firms like Thermis Capital and others own substantial shares of UACN?..


It happened during the last right offer of UACN. Most shareholders did not take their right because of the dismal performance by the company and her subsidiaries, coupled with the fact that 2 years before last right, the company raised money through right which shareholders did not see any substantial return on their Investments .

Thermis Capital and firms used the right offer to buy into the company to own substantial holding, Stanbic IBTC was the issuing house to the right. The current CEO of the company worked with Stanbic IBTC before he founded Thermis Capital, the private equity firm that is now a major shareholder of UACN

I want to believe that the acquisition was financed by loan, hence asset stripping in order to get quick returns on their Investments.


I never expected core portfolio managers to create wealth for shareholders by creating wealth through efficient management of company.

The attractions are the huge assets of the company that were under utilized which the new corporate raiders are interested in converting to cash, rather than cash flow generating assets.


I hope their is no relationship between the new core owners of this old conglomerate and a former CEO of the company.

Very Apt Sir.

I doubt UACN will be in existence in the next 5years.....

ukay2:


Very Apt Sir.

I doubt UACN will be in existence in the next 5years.....

But why.


It will be in existence, Private Equity Investors must have paid off their debts made substantial returns on their Investments before they will consider the crumbs for retail Investors

emmanuelewumi:



But why.


It will be in existence, Private Equity Investors must have paid off their debts made substantial returns on their Investments before they will consider the crumbs for retail Investors

Change of nomenclature......

Jerry59:
I’m on this bus... bia driver move this thing

Which driver?
You will regret every action you have taken in uacn.

Oando will soon be your teacher.

emmanuelewumi:
How did Private Equity firms like Thermis Capital and others own substantial shares of UACN?..


It happened during the last right offer of UACN. Most shareholders did not take their right because of the dismal performance by the company and her subsidiaries, coupled with the fact that 2 years before last right, the company raised money through right which shareholders did not see any substantial return on their Investments .

Thermis Capital and firms used the right offer to buy into the company to own substantial holding, Stanbic IBTC was the issuing house to the right. The current CEO of the company worked with Stanbic IBTC before he founded Thermis Capital, the private equity firm that is now a major shareholder of UACN

I want to believe that the acquisition was financed by loan, hence asset stripping in order to get quick returns on their Investments.


I never expected core portfolio managers to create wealth for shareholders by creating wealth through efficient management of company.

The attractions are the huge assets of the company that were under utilized which the new corporate raiders are interested in converting to cash, rather than cash flow generating assets.


I hope their is no relationship between the new core owners of this old conglomerate and a former CEO of the company.

If they actually used loans to finance to the acquisitions, SEC should step in and stop the assets stripping.

This is why I love the US SEC.
They will make sure core investors turn around the company before selling off any asset.

Should we be expecting a special dividend from PZ since they sold some assets to WAMCO?

emmanuelewumi:
GSK sold one of their businesses about 3 years ago and paid a special dividend of N7.00 per share. This corporate action made the stock price of GSK to move from N15.00 to N44.00.


The best way the management of UACN will be partially forgiven by shareholders is to share proceeds of their part sale of their UPDC shares will shareholders of the company.

lexy2lexy:
Should we be expecting a special dividend from PZ since they sold some assets to WAMCO?

Nutricima is owned by pz global not pz nig plc. expect no such payment

X21:


Nutricima is owned by pz global not pz nig plc. expect no such payment

Not correct.

PZ wrote shareholders concerning the sale and fixed a date for an Extraordinary General Meeting.

PZ is the maker of Nunu milk, which will be sold to Friesland Wamco

lexy2lexy:
Should we be expecting a special dividend from PZ since they sold some assets to WAMCO?

Time will tell

MTN has been on a spree of divestment, first it's jumia now it's the middle east. Will this reflect in our local market.

lancee:
You re right ...Let them get it to 25 /26 +region ..took some profit today..too many forces holding zee back

Lol. The forces are still deliberating on Zee's matter.
Anyway, Zee may start moving once GTB hits 25.....once its +/-8 naira difference......that's anytime from now.....on condition that market continues with the current positive sentiment.

locodemy:
Which driver?
You will regret every action you have taken in uacn.
Oando will soon be your teacher.

Loco why are you talking like this?
This is NSE where anything can happen and distress coys can spring surprises.
Not saying we shouldn't caution, but I think we should allow those who can take risk do so without all these negative sentiments upandan.
Reminds me of TraderR (Yariya) she said once Nsempas starts badmouthing a stock, most times, taking risk in such stock "could" be worth it.

locodemy:


Which driver?
You will regret every action you have taken in uacn.

Oando will soon be your teacher.

fingers crossed... let market be the decider

emmanuelewumi:



Not correct.

PZ wrote shareholders concerning the sale and fixed a date for an Extraordinary General Meeting.

PZ is the maker of Nunu milk, which will be sold to Friesland Wamco

You can take it to the bank that the milk and oil business is not consolidated with nigeria result. However there are so many complexities because of the interwoven nature of the business.

X21:


You can take it to the bank that the milk and oil business is not consolidated with nigeria result. However there are so many complexities because of the interwoven nature of the business.

They are not fully owned subsidiaries, PZ has shares in those businesses

That is my suspicion too, I think the parent company owns Nutricima which has been using PZ Nigeria assets for production. Have they been paying compensation for using those assets over the years? As part of the deal for Nutricima, they were to sell the factory which is on PZ Nigeria’s land. I think some of these complexities led to postponement of the EGM. It will be interesting to see how this end, I sincerely hope the Nigerian shareholders are not shortchanged.

X21:


You can take it to the bank that the milk and oil business is not consolidated with nigeria result. However there are so many complexities because of the interwoven nature of the business.

jideflash:
Una no chop my Airtime today .

Till Monday.

I said UACN was lossing 10%

lexy2lexy:
That is my suspicion too, I think the parent company owns Nutricima which has been using PZ Nigeria assets for production. Have they been paying compensation for using those assets over the years? As part of the deal for Nutricima, they were to sell the factory which is on PZ Nigeria’s land. I think some of these complexities led to postponement of the EGM. It will be interesting to see how this end, I sincerely hope the Nigerian shareholders are not shortchanged.

Fear French and Greek owned businesses in Nigeria, they are very cunny

ozome15:
please have anybody don business with pennywise wealth Management

I hope someone is not deceiving you with Penny-wise?
Please RUN......

SlahJoe:
Good morning house, please help a novice, I tried sending my completed share Transfer forms and kept getting this reply "Kindly use a SCANNING MACHINE and not phone scanner to scan the documents to us as the print out of the form cant be processed" how do I go about it?

This is clear enough.
Though you got answer...but let me add this:
Don't use your phone camera to snap KYC docs. Use a scanning machine or a 3-in-1 printer to scan the docs, safe in PDF or JPEG, upload and send.
When you use Phone camera, the file is always unusually large.......except you have a system whereby you can convert the file to a smaller, portable pdf size.

modgba:
Japaul to Raise N27bn, Plans Share Reconstruction
https://businesspost.ng/economy/japaul-to-raise-n27bn-plans-share-reconstruction/

All items on agenda ticked.
Not expecting less since AGM was on proxy. Noted. Watching.

NB: Mcy quoted this cos of the info and for followup purpose only.

lexy2lexy:
That is my suspicion too, I think the parent company owns Nutricima which has been using PZ Nigeria assets for production. Have they been paying compensation for using those assets over the years? As part of the deal for Nutricima, they were to sell the factory which is on PZ Nigeria’s land. I think some of these complexities led to postponement of the EGM. It will be interesting to see how this end, I sincerely hope the Nigerian shareholders are not shortchanged.

PZ is a complex multinational.

For example :

Kings oil is from PZ Wilmar

PZ Wilmar is a joint venture between PZ Cussons International, UK and
Wilmar International Ltd, Singapore

http://www.nse.com.ng/Financial_NewsDocs/173_NOTIFICATION_OF_SHARES_DEALING_BY_INSIDERS_-_BLAKENEY_LLP__6.pdf


80,000 000 Units sold on the 5th of August, by BLAKENEY LLP. ( INSIDER/SUBSTANTIAL SHAREHOLDER)

Mcy56:

I hope someone is not deceiving you with Penny-wise?
Please RUN......

i n nearly fell for it. it was God's grace I didn't.