₦airaland Forum

OBAGADAFFI:
http://www.nse.com.ng/Financial_NewsDocs/31967_AXA_MANSARD_INSURANCE_PLC%20_NOTICES_OF_EXTRA%20ORDINARY_G.pdf

debeey87:
What's the difference between it and the VBF. saw the current rate is over 14%

emmanuelewumi:
I told you to convert your profit to cash, eg if you made a profit of N5 million from a trade to buy mmf or buy cheap real estate.

I think you bought Zenith at N17 and you were able to sell at N26. You should have converted at least N3 per share to savings. But you made profit and reinvested everything back into the market immediately. It doesn't work that way, if you must buy back you should do that in tranches.


VGIF by Investment one will still give you about 7.5% guaranteed return per annum

PharmAlfred:
Does the entity selling Access Bank ever finish selling?

Nemith steadily giving jijoist food.

swilo:
You will not. I can assure you. JIJO is not your calling

Always learn to remove your eyes from police money.

OBAGADAFFI:
AXA MANSARD INSURANCE PLC - Consolidation / reconstruction of shares

5. That, in accordance with Section 101 of CAMA and Article 44 of the Articles; the nominal value of the issued
ordinary shares of the Company be and is hereby altered from 50 kobo each to N2.00K each, by the
consolidation of every four (4) shares held by each shareholder into one (1) share.

emmanuelewumi:
VBF is a balanced fund which invests in money market, fixed income and equities. VBF is not guaranteed.

Heishere:
Chief the qualification date is 14 Dec 2020

locodemy:
My attention not yet drawn to International brew.

Looks like a Jijo stock too

debeey87:
Baba there's no mention of 14th December 2020 anywhere on the document

debeey87:
Baba there's no mention of 14th December 2020 anywhere on the document

swilo:
My question is who will pay for the bloating of the books. If no one pays they the market price will make that adjustment for now. Meaning Mansaard may likely sell for sub 1 when the time comes but the trick of improving the EPS makes it confusing.

Can anyone help me here please?
Correct me if I am wrong. Abeg.

debeey87:
What's the difference between it and the VBF. saw the current rate is over 14%

locodemy:
It will become illiquid tomorrow.
Best time for potbelly jijoist to sell is yesterday and today.

We are already free in this one waiting for the next liquidity price.

longlife20:
UCAP may likely pay above 60k if you go by the dividend yield of last dividend of 60%.
2020 epsttm 95k
2019 eps 83k

PharmAlfred:
I know sey you don chop for here. Well done oo.

swilo:
My question is who will pay for the bloating of the books. If no one pays they the market price will make that adjustment for now. Meaning Mansaard may likely sell for sub 1 when the time comes but the trick of improving the EPS makes it confusing.

Can anyone help me here please?
Correct me if I am wrong. Abeg.

emmanuelewumi:
They need to plough back into the business, they equally raised about N10 billion through bond late last year which they invested in the capital market and other underpriced assets and Investments. They will liquidate the bond in 5 years time.

They need to put about N2 billion into a sinking fund every year towards the liquidation of the bond, they will also need about N1.2 billion every year towards payment of coupons to the bond investors.

I don't think this is the right time for them to increase their dividend payout. 50k dividend by United Capital is still okay

Heishere:
See the image below

swilo:
Mcy, what do u think about Mansaard? I hate the science behind bonus shares but I would like to understand it too.

Heishere:
Chief the qualification date is 14 Dec 2020

debeey87:
Baba there's no mention of 14th December 2020 anywhere on the document

locodemy:
My attention not yet drawn to International brew.
Looks like a Jijo stock too

OBAGADAFFI:
The market will price it down.
Remember C I Leasing, after reconstruction the price came down.

Mcy56:
You may be right.
Reconstruction most times have negative effect on the share price of the coy...........
I wont advice anyone that didnt enter the stock at around 1.50 to go into it........................again, I may be wrong, there may be exceptions, but for insurance, there's always apathy to the sector............. its just my opinion anyway.

Mcy56:
Loco see Neimeth today.......
You rushed out too quickly
Sterling price at your jijo junction seems a bit high to me............

Market is somehow dull today.....