₦airaland Forum

PharmAlfred:
Nem Insurance actually almost their profit for the year. Nice growth.

Not getting you Sir

Chibuking81:
If they give bonus after reconstruction, what is the need of reconstruction?
Anyway in Nigeria many things goes anticlockwise. Always manipulative avenue to achieve their goal.

Unity bank reconstructed I think up to ten units of share to one, and today where are they, back to base.

Oga Chibu is here with his analysis paralysis again.
Hope you took part in the Mansard bonus eventually.
You can't compare Lasaco with Unity nah. That stock is supposed to join the league of good insurance stocks, the likes of NEM, Mansard and the like.
Wish Lasaco had informed us earlier, we for done join the bus today.
Let's see how it goes sir.

Chibuking81:
If they give bonus after reconstruction, what is the need of reconstruction?
Anyway in Nigeria many things goes anticlockwise. Always manipulative avenue to achieve their goal.

Unity bank reconstructed I think up to ten units of share to one, and today where are they, back to base.

That's why I no gree near that one oooooo I had to sell at #2+ when the thing started falling

ukay2:
Not likely to reach km35

E go go very low sef... Make una leave fomo

Analyst01:
https://nairametrics.com/2021/01/29/ecobank-transnational-inc-records-24-increase-in-profit-after-tax-for-q4-2020/

@currentprice; @ymcy56; @megawealth01,

What do you think of the ETI result?

Not my kind of stock. Thanks

What's the assurance that the new price will not fall, post reconstruction..

yMcy56:
You don't have to panic if you have Lasaco however.
The units you have will be divided by 4 and the price will be multiplied by 4.

For instance, if you have 40,000units, after reconstruction it will become:
40,000÷4 = 10,000units (post reconstruction)

The price will change by then:
Closing as @ today = 0.40kobo
Post reconstruction price = 0.40 X 4 = 1.60kobo

So you have nothing to loose.

** I suspect that Lasaco may likely come up with BONUS issue after the reconstruction or DIVIDEND which will become gain for you by then.
** So don't take any action in haste after suspension is lifted.

Stocks with new 52 week highs
Champion brew #3.10k
Portland paints #3.50k
Vitafoam #10.05k
Mtn #181.00k
M & B #4.65k

sonofElElyon:
What's the assurance that the new price will not fall, post reconstruction..

Assurance kwa? None oooooo

Intendy:
Stocks with new 52 week highs

Champion brew #3.10k

Portland paints #3.50k

Vitafoam #10.05k

Mtn #181.00k

M & B #4.65k

MayB and CHAMPIONS giving me joy always

sonofElElyon:
What's the assurance that the new price will not fall, post reconstruction....

If you read my earlier quoted post, you will see that I raised similar concern in the last part .......BUT I expect their MM to swing into action there......to defend shareholders from losing value on their holdings by defending the share price.
Even if it fall, I don't expect it to fall much.
In all, let's allow Mr. Market to decide its fate post reconstruction.
Remember this is just my opinion.

SHOULD SUGAR INVESTORS BE HOPEFUL?

https://nairametrics.com/2021/01/29/fg-to-partner-private-sector-to-boost-sugar-production-and-employment/

https://www.nairaland.com/6389870/fg-commissions-nigerias-first-sugar

SA44LA44:
please guys what CSCS settlement. Got a credit alert to my bank account.

Could someone please help explain what’s the meaning of cscs settlement.

I’m new to stock trading.

SA44LA44:
Could someone please help explain what’s the meaning of cscs settlement.

I’m new to stock trading.

Not enough info.
Maybe you contact your broker on this,
Or
Send mail directly to CSCS for detailed explanation.

**Whosoever knows should help out here**

megawealth01:
MayB and CHAMPIONS giving me joy always

That moniker

yMcy56:
Oga Chibu is here with his analysis paralysis again.
Hope you took part in the Mansard bonus eventually.
You can't compare Lasaco with Unity nah. That stock is supposed to join the league of good insurance stocks, the likes of NEM, Mansard and the like.
Wish Lasaco had informed us earlier, we for done join the bus today.
Let's see how it goes sir.

Topped up today. Let's hope it performs

yMcy56:
Not enough info.
Maybe you contact your broker on this,
Or
Send mail directly to CSCS for detailed explanation.

**Whosoever knows should help out here**

Ok thanks I’ll write them. I use Morgan capital.

yMcy56:
Not enough info.
Maybe you contact your broker on this,
Or
Send mail directly to CSCS for detailed explanation.

**Whosoever knows should help out here**

When you buy any share, it takes T+3 (transaction date + 3 days) to settle in your CSCS* account.

Additionally, the proceeds of share sales can be directly credited to your account by CSCS through one of the direct settlement banks

*https://cscs.ng/about-cscs/

Does this answer your question?

Llizyy:
Shares reconstruction

We wish to inform our esteemed Shareholders and the General Public that
following the approval of the shareholders of LASACO Assurance P1c. ("the
companylLASACO", .t the 39t1t Annual General Meeting of the company held
on 8th october, 2or9, the company has obtained regulatory approvals to
reconstruct its issued and fully paid-up Share Capital of 7 ,334,343,421 Ordinary
shares of S0kobo each in the ratio One (L) new Ordinary share for every Four (4)
Ordinary shares previously hetd by the shareholders of LASACO Assurance Plc.

it implies bonus na[/quote

My bad. I though it's 1:4 bonus o

bigjay01:
bonus? you must have read it upside down

It was for share reconstruction which was always in the works anyway

I missed the share reconstruction news. Thanks

yMcy56:
You don't have to panic if you have Lasaco however.
The units you have will be divided by 4 and the price will be multiplied by 4.

For instance, if you have 40,000units, after reconstruction it will become:
40,000÷4 = 10,000units (post reconstruction)

The price will change by then:
Closing as @ today = 0.42kobo
Post reconstruction price = 0.42 X 4 = 1.68kobo. *Modified*

So you have nothing to loose.

** I suspect that Lasaco may likely come up with BONUS issue after the reconstruction or DIVIDEND which will become gain for you by then.
** So don't take any action in haste after suspension is lifted.

@bbwing apologies for my misleading post. I was just seeing bonus in insurance stocks.

@yMcy56 Thanks for the breakdown. I bought at 37K that means I am good right?

samguru:
See what our NSEMPA baby is calling bonus

Anyway it is share reconstruction and not bonus.
That is if you have 1,000 units of LASACO after reconstruction your units will reduce to 250 units and the share price will be multiplied by 4.
Thank you

Oga me I am not a baby o. I have white moustache. Thanks for the correction though

Heishere:
Oga me I am not a baby o. I have white moustache. Thanks for the correction though

ukay2:
Not getting you Sir

I mean they almost doubled their end of year profit. Like 90 something percent growth.

bigjay01:
When you buy any share, it takes T+3 (transaction date + 3 days) to settle in your CSCS* account.

Additionally, the proceeds of share sales can be directly credited to your account by CSCS through one of the direct settlement banks

*https://cscs.ng/about-cscs/

Does this answer your question?

Thanks for you response. It’s a bit clear now. So does this mean any sales of share that I make will be paid directly to my bank account. I use to think it will remain in my cscs account

SA44LA44:
Thanks for you response. It’s a bit clear now. So does this mean any sales of share that I make will be paid directly to my bank account. I use to think it will remain in my cscs account

It stays with your broker unless you request them to pay into your bank account. I am also aware that there is an option for direct bank settlement by CSCS.

Fidelity bank end of the year result is now out. Result almost came out flat compared to last 2019

Monday696:
Fidelity bank end of the year result is now out. Result almost came out flat compared to last 2019

YoY

yMcy56:
You don't have to panic if you have Lasaco however.
The units you have will be divided by 4 and the price will be multiplied by 4.

For instance, if you have 40,000units, after reconstruction it will become:
40,000÷4 = 10,000units (post reconstruction)

The price will change by then:
Closing as @ today = 0.42kobo
Post reconstruction price = 0.42 X 4 = 1.68kobo. *Modified*

So you have nothing to loose.

** I suspect that Lasaco may likely come up with BONUS issue after the reconstruction or DIVIDEND which will become gain for you by then.
** So don't take any action in haste after suspension is lifted.

Thank you.

bigjay01:
It stays with your broker unless you request them to pay into your bank account. I am also aware that there is an option for direct bank settlement by CSCS.

ok i will look at the form i filled before and see if i gave a mandate for direct settlement. i will also contact my broker.

thanks for your response.

yMcy56:
Not enough info.
Maybe you contact your broker on this,
Or
Send mail directly to CSCS for detailed explanation.

**Whosoever knows should help out here**

Pls what is the typical range in market values for small, mid and large cap stocks?

Monday696:
Fidelity bank end of the year result is now out. Result almost came out flat compared to last 2019

BARGAIN hunters take note

Mfunkynation:
MTN Rice

Nothing really but it’s just that it’s a steal below N300