them don collect all the sovereign trust insurance shares for market.

could be connected to this news;
Sovereign Trust crosses phase one recapitalisation hurdle
https://www.blueprint.ng/sovereign-trust-crosses-phase-one-recapitalisation-hurdle-holds-agm-today/

*edited*

Mcy56:

E Ku FTN cocoa trading.
Let's keep watching how it will go.

The kind of volumes exchanging hands this last trading minutes though....

*edited*

Hope my eyes not deceiving me?

locodemy:
Hope my eyes not receiving me?

How Loco?

If it's about FTNCocoa, it's not a buy advice oooo, I was just laughing Megawealth cos I told him not to enter yet but he went and gamble some units.
If he had gamble in Japaul or any insurance stock self, it's better.

Mcy56:

How Loco?

If it's about FTNCocoa, it's not a buy advice oooo, I was just laughing Megawealth cos I told him not to enter yet but he went and gamble some units.
If he had gamble in Japaul or any insurance stock self, it's better.

The way megawealth is trading these days,
He may change his name to miniwealth.

rebekah2011:
Using the closing price of N2.34 on Friday. The current o/s of Axa mansard is 10,500,000,000. A bonus of 17 for 7 will create new shares of 25,500,000,000 making the total shares to be 36b. A reduction of shares of 4 for 1 will reduce it to 9b. The nominal value of the shares will now be N2 instead of the common 50kobo that is prevalent in the market. There are other stocks whose nominal value is not 50k, i.e MTN.

The market value of the stock at 10.5b will be = 10.5 x 2.34 = N24.57b, the market value of the stock at 36b will equally be N24.57b and when it is reduced to 9b it must also be N24.57b. At 36b, the market price will be 0.6825 and at 9b, it will be N2.73.

Bros, more details please. N2.73 before reconstruction or after.

Well whatever it is, your cash remains the same. Pre and post reconstruction.

bigjay01:
Please ignore the date I quoted earlier (pls edit the post where you quoted my earlier post so one is misled).

See attached

Bigjay, but the date is still the same - 13 Nov, 2020 ........or you edited it already?

From the attachment, it means for every 1000units UAC-Prop, an investor gets 82 UPDC-reit. Hope I get it right.
Many people must have missed that date.

locodemy:

The way megawealth is trading these days,
He may change his name to miniwealth.

Lol.
He's a risk taker but needs to take more calculated risks instead.
We may never say sha. What if the restructuring favours the shelholders?

swilo:
Bros, more details please. N2.73 before reconstruction or after.

Well whatever it is, your cash remains the same. Pre and post reconstruction.

It must have been an after reconstruction price going by the calculation.

Mcy56:

Lol.
He's a risk taker but needs to take more calculated risks instead.
We may never say sha. What if the restructuring favours the shelholders?

The financial print nko?

Mcy56:

Lol.
He's a risk taker but needs to take more calculated risks instead.
We may never say sha. What if the restructuring favours the shellholders?

https://www.thisdaylive.com/index.php/2020/11/30/elumelu-vows-to-replicate-banking-industry-milestones-in-insurance-sector/?utm_medium=Email&utm_source=Zenter-System&utm_campaign=%2321187+%3D%3E+MORNING+NEWS+HEADLINES&utm_content=7ed1ef833ca93182f695d363eed35cc911d70f5d
Elumelu want to enter insurance sector

ebuka1997:
https://www.thisdaylive.com/index.php/2020/11/30/elumelu-vows-to-replicate-banking-industry-milestones-in-insurance-sector/?utm_medium=Email&utm_source=Zenter-System&utm_campaign=%2321187+%3D%3E+MORNING+NEWS+HEADLINES&utm_content=7ed1ef833ca93182f695d363eed35cc911d70f5d
Elumelu want to enter insurance sector

Any idea which of them in that sector he is looking at?

arduino:

Any idea which of them in that sector he is looking at?

Heirs Insurance Limited

Hi All Just want to ask this

is there a possibility of one buying now to qualify for Zenith Bank Dividends

OR

What are the best Dividends stocks out there that you all can recommend

any help with this will be appreciated

CC: Obagadaffi , Locodemy, Mcy56

Thanks

abraolas1:
Hi All Just want to ask this

is there a possibility of one buying now to qualify for Zenith Bank Dividends

OR

What are the best Dividends stocks out there that you all can recommend

any help with this will be appreciated

CC: Obagadaffi , Locodemy, Mcy56

Thanks

The answer is yes, if you buy now, you are qualify for Zenith bank dividend, even next year before their qualification date. Remember q4 have not been concluded, it come to final on 31st December. And the quoted company have 90 days timeframe to release their result, that is up to March ending.

It will be more better if you will wait and observe the market and recession presence before entering into the market at this point in time.

Mcy56:

Lol.
He's a risk taker but needs to take more calculated risks instead.
We may never say sha. What if the restructuring favours the shelholders?

Let's wait and see

locodemy:


The way megawealth is trading these days,
He may change his name to miniwealth.

Relax bro... I said I gambled so nothing lose here

Looks like UAE & Qatar are resisting suggestions at the meeting to sustain production cuts till Q1.2021. They favour lifting the cuts, which will result in more Oil in the market. Leading to a drop in Oil prices. so this $48/barrel may be short lived.

locodemy:
Market waiting for the outcome of opec+ meeting today and tomorrow.

It's well

My calculation was based on the closing price of Friday, November 27, 2020. The price has changed again today to N2.40

swilo:


Bros, more details please. N2.73 before reconstruction or after.

Well whatever it is, your cash remains the same. Pre and post reconstruction.

Chibuking81:

The answer is yes, if you buy now, you are qualify for Zenith bank dividend, even next year before their qualification date. Remember q4 have not been concluded, it come to final on 31st December. And the quoted company have 90 days timeframe to release their result, that is up to March ending.

It will be more better if you will wait and observe the market and recession presence before entering into the market at this point in time.

Thanks a lot ..... Really appreciate

arduino:

Any idea which of them in that sector he is looking at?

He already has a license, he may set up his own who knows, if you get insider information if he’s acquiring that’ll be helpful oh

Chibuking81:

The answer is yes, if you buy now, you are qualify for Zenith bank dividend, even next year before their qualification date. Remember q4 have not been concluded, it come to final on 31st December. And the quoted company have 90 days timeframe to release their result, that is up to March ending.

It will be more better if you will wait and observe the market and recession presence before entering into the market at this point in time.

Where and how have u been?

What is the outlook for 2021 from your spreadsheet?

https://nairametrics.com/2020/11/30/cbn-will-continue-monetary-policy-aimed-at-boosting-stock-market/

A good wait in the horizon

As Innoson seeks an order restraining GTB from transmuting to a Private and a Financial Holding Company until GTB pays it over N32Billion Judgement debt

The Supreme Court of Nigeria has struck out GTB’s motion filed to set aside its earlier decision/order made on 27th February 2019 dismissing GTB’s appeal against Court of Appeal judgement of 6th February 2014 in favor of Innoson Nigeria Ltd

Recall that The Federal High Court, Awka Division on March 27th, 2019, pursuant to Supreme Court dismissing GTB’s appeal, granted leave to Innoson Nigeria Ltd to enforce and execute the judgment and Garnishee Order Absolute made by the court coram Shakarho, J at the Ibadan Judicial Division on the 18th of May 2010 and the 29th of July 2011 respectively. This order was concurrently affirmed by the Court of Appeal in the judgment of 6th February 2014 and by the Supreme Court in its judgment of 27th February 2019.

As Innoson Nigeria Ltd commenced the tedious act of the execution, GTB rushed to the court vide its desperate motion on notice seeking orders staying or suspending the execution embarked by Innoson Nigeria Ltd and also seeking orders setting aside the exparte Orders made by the Court granting Innoson leave to enforce the judgment and to issue the processes of executing same.

Whilst resfusing GTB’s application and staying further proceedings the court further held that the order it made on March 27th, 2019 in favor of Innoson Nigeria Ltd granting it leave to enforce the judgment and issue processes of execution of the judgment are valid; also that all the steps taken to levy executions in pursuance of that order are still valid and are not vacated; whilst all the prayers by GTB in its motion of 1st April 2019 are not granted.

GTB however rushed back to the Supreme Court and applied for an order setting aside the Supreme Court’s judgement dismissing its appeal against the above judgement. However, the Supreme Court struck out the motion on Tuesday, November 3rd, 2020.

While Innoson Nig Ltd awaits GTB to come up with a payment plan for it’s over N32Billion Judgement debt, GTB resorted to a scheme of de-registering itself as a public limited liability company and re-registering itself as a private limited liability company and a financial holding company as well. Innoson Nig Ltd, as its creditor, has as a result sued GTB at the Federal High Court and therein seeks the following order of perpetual injunctions:

(a) restraining the 4th Defendant (Corporate Affairs Commission) from deregistering the 1st Defendant (GTB) as a public limited liability company and or re-registering the 1st Defendant (GTB) as a private limited liability until it-GTB- pays the outstanding judgment debt of N32, 875, 204, 984.38k arising from Suit Nos: FHC/L/CS/603/2006 and No. FHC/AWK/CS/139/2012 respectively affirmed by the appellate courts in appeal Nos. CA/1/258/2011, SC.694/2014 and CA /E/288/2013 to Innoson Nig Ltd;

b. an order of perpetual injunction restraining the 4th Defendant (Corporate Affairs Commission) from registering or re-registering the 1st Defendant (GTB) as a holding or financial holding company whether as a public or private limited liability company until it- the 1st Defendant(GTB) -pays Innoson Nigeria Ltd the outstanding total judgment debt of N32, 875, 204, 984.38k (Thirty two Billion, Eight Hundred and seventy Five Million, Two Hundred and four thousand, Nine Hundred and Eight Four Naira, Thirty Eight kobo) arising from suit Nos. FHC/L/CS/603/2006 and FHC/AWk/CS/139/2012 respectively affirmed by the appellate courts in Appeal Nos. CA/1/258/2011, SC.694/2014 and CA/E/288/2013:

c. An order cancelling the 1st Defendant’s (GTB’s) special resolution and or any other of its resolution that it should be deregistered as a public limited liability company and or be re-registered as a private limited liability company and or a holding company until it -the 1st Defendant (GTB)- pays Innoson Nig Ltd the total outstanding judgment debt of N32, 875, 204, 984.38k (Thirty two Billion, Eight Hundred and seventy Five Million, Two Hundred and four thousand, Nine Hundred and Eight Four Naira, Thirty Eight kobo) arising from suit Nos. FHC/L/CS/603/2006 and FHC/AWk/CS/139/2012 respectively affirmed by the appellate courts in Appeal Nos. CA/1/258/2011, SC.694/2014 and CA/E/288/2013:

d. an order setting aside the 3rd Defendant’s (Security and Exchange Commission) No -objection to 1st Defendant’s proposal to be re-registered as a private limited liability company and as a holding or a holding financial company:

e. an order setting aside the 2nd Defendant’s (Central Bank of Nigeria) approval -in- principal granted to the 1st Defendant (GTB) to operate as a holding or a holding financial company.

f. an order of perpetual injunction restraining the 2nd Defendant (Central Bank of Nigeria) from granting the 1st Defendant (GTB) a financial holding company license and or a final approval to operate or carry on business as a financial holding company whether in its present name or as a private limited liability company until it, the 1st Defendant(GTB )pays the Plaintiff(Innoson Nig Ltd) the total outstanding judgement debt of N32, 875, 204, 984. 38k (Thirty Two Billion, Eight Hundred and Seventy-Five Million, Two Hundred and Four Thousand, Nine Hundred and Eighty-Four Naira, Thirty-Eight Kobo) arising from suit Nos. FHC/L/CS/603/2006 and FHC/AWK/CS/139/2012 respectively affirmed by the appellate courts in Appeal Nos. CA/1/258/2011, SC.694/2014, and CA/E/288/2013.

Cornel Osigwe
Head of Corporate Communications and Affairs
IVM Innoson Group

Waiting to see how market reacts to this...

Stock with new 52 week highs
Airtel #588.50k

Coolcash1:
As Innoson seeks an order restraining GTB from transmuting to a Private and a Financial Holding Company until GTB pays it over N32Billion Judgement debt

...

Cornel Osigwe
Head of Corporate Communications and Affairs
IVM Innoson Group

Waiting to see how market reacts to this...

GTB has impregnated a prostitute that knows her right. What is 32B in shares (1B units).

GTB has the money to pay anyway without all this mudslinging.

Watch out for a market reset this week guys...

If u are still in the market, stay offline for about 2 weeks, so u don't panic. We want to reset the market to collect our double portion.

Thanks.

Mcy56:

Bigjay, but the date is still the same - 13 Nov, 2020 ........or you edited it already?

From the attachment, it means for every 1000units UAC-Prop, an investor gets 82 UPDC-reit. Hope I get it right.
Many people must have missed that date.

I edited my post. I wanted the guy to edit where he quoted the wrong date I posted earlier.

Would have a very good play to add to my UPDC REIT via UPDC

Intendy:
Stock with new 52 week highs

Airtel #588.50k

This Airtel makes me believe in MTN wella... MTN must do at least a dollar soon

megawealth01:


This Airtel makes me believe in MTN wella... MTN must do at least a dollar soon

Have you asked yourself why are Airtel & Seplat rising/ stable?

I heard that foreign investors are using dual listed securities to repatriate their money back home.

Buy In Nigeria Sell In London

megawealth01:


This Airtel makes me believe in MTN wella... MTN must do at least a dollar soon

I get hope for Dangcem in this line of thought also. Let's see how it goes