₦airaland Forum

Uchetoba:
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Don't build castles in the air... nothing will happen here!

megawealth01:
Who is this THE BIG SMART GUY?

he owns the NSE!

Mcy56:
Market opened on a normal low volume, no panic sell level.
Investors still cautious, market looking bright (though oga sellydion was of different opinion xtyday) ........but we're still observing the direction.....

With this huge volumes in Zenith and Co + gain this one is not normal opening

nna777:
UACN is riding on its right issue sentiment. There isn't any other trigger for the north movement with the current oil price/coronavirus etc.

It's safe to advice to be careful of bidding in large quantity if you didn't buy at the 8.05/8.50 entries. If you are already inside, be content with what you have and let's see how the week ends. so that 10% 10% pipo like Loco will not come and spoil your market

So you someone will buy UACN and jump out at 10%... lol

DeRuggedProf:
Are you among the WHOLESELLERS?

Sell ke...I am buying for long term.

Topson88:
Please is 8.7 a good limit price to bid uacn today. Thanks

Even @N10 UACN is still a good buy

Final destination is N15-N20 buy and hold the three companies after split.

That is if we don't go on full bid today...

DeRuggedProf:
Babajide don finish gala business for Lagos with this Keke ban, the gala hustlers have turned to the real stuff.....

Today that I want to enter UACN una don dey bid am high...I go still buy.

las las its N15-20 stock plus free UPDCREIT and UPDC

The money for this year is clearly inside UACN...

Same way DF made people money last year.

Why run around when you can sit in one place, chop and clean mouth.

Stop making brokers rich for no reason.


All things equal...Livestock, UACN, UPDCREIT and UPDC is a buy going forward.

I think the market is buying anything UACN....Livestock, UPDC, UPDCREIT

It would make people rich.

PETERiCHY:
Read the context again. This time around slowly...

30th Sept 2019 is the qualification date for the right issue and not UNBUNDLING of UPDC and UPDC REITS to IACN SHAREHOLDERS that will take place after the RIGHT ISSUE

sorry...my mistake

PETERiCHY:
UACN Property Development Company Plc (“UPDC” or the “Company”) has concluded arrangements to raise N=15.96 Billion via a Rights Issue (the “Rights Issue” or “Transaction”), to repay its short-term debt obligations and significantly reduce leverage. The Transaction is part of UPDC’s broader strategy to create long term shareholder value by recapitalising and repositioning the Company.

Shares in UPDC will be offered to existing shareholders whose names appeared in the register of members of the Company as at 30 September 2019 (the “Qualification Date”) in line with the Rules and Regulations of the Securities and Exchange Commission. The allotment will be on the basis of 43 new ordinary shares for every 7 ordinary shares held, at a price of N=1.00 per share.

https://www.vanguardngr.com/2020/02/updc-launches-n15-96bn-rights-issue/amp/

so those buying now won't get to share inside UPCD and UPDCREIT...

UACN price is suppose to fall lower

Since UACN is providing more than 50% of the funds for the rights issue...UPDC is a bargain @0.90k for those looking for penny stocks.

I would most likely buy 0.90 below

Who brought his UACN to the market...PETER is that you

It is better to buy on the floor....@0.90k than take up the rights for UPDC

UPDC rights issue starts today...

A businessman posted that he may not get goods from a company in China as they are currently shutdown due to the virus. According to him, they may resume production in Q2 and he would get his next supply in Q4.

I think oil will fall more...the thing is serious unless a cure is found soon.

Mcy56:
You want to exit bah? Keep looking for who to dump on upandan.
If you like go and do make up for your dog, we'll continue to wait at sub N8.

you know am well

eziokwunwoko:
i hope this will not affect ACCESS BANK PROFIT

Last time I checked...HW sold some holdings!

This year I said zero investment on NSE...doing only foreign stocks and $ holdings.

If I feel strongly tempted...only one stock on my view.

RabbiDoracle:
Please don't do any foreign stocks this year. It may not be OK for foreign stock.

My Oga if In may ask, what is your reason?

I read a report on the US economy by a leading investment banking firm and we are very far from anything recession in the US.

So outside the middle east and the usual geopolitical tension in the US are they anything to worry about?

If its fear of War...it would reach everyone even NSE.

Agbalowomeri:
Oga you wan sell ya 37 filing stations ni

The thing is annoying...

Gain here...Loose here

I am not sure I will do NSE much this year. Let me look for one or two foreign stocks and enter.

Imagine even this same $1000 invested in GTB, Firstbank or Zenith

Hopefully Alibaba or Tesla is looking like a game changer for the decade.

Looking for the next Amazon...

Tired of Nigerian Kobo Kobo stocks!

arduino:
Bros, forget fair price for now. Enter any bank your hands can reach even if na WEMA, JAIZ and UNITY.

For real

Agbalowomeri:
Loco and fcmb matter
Is history about to repeat itself?

Loco and FCMB

Uchetoba:
So because UPDC promised to allot the units of UPDCREIT to its shareholders after the right issue that is why they are buying the shares instead of allowing it to fall freely as it suppose.

Let's look at it this way, after right issue is completed the pro rata allotment may not give you more than 1unit of UPDCREIT for every share UPDC held.

But come to think of it,

What if they did not get the regulatory approval?

What if they change their mind later?

For now I'm very cautious about UPDC and UACN.
Until they do the final announcement regarding the right issue and the unbundling I can only buy UACN @ N4 and UPDC @ 60 kobo.

Change your ways!!!

OakPearl:
Oga I no large oh...small boy like me.
Me na long term value investor like Benjamin Graham pattern oh.
If I try spot value from a distance I buy till I beleful at a specific price range.

I been think say I go find such for MTNN and Airtel but their numbers before listing no be am at all, so I just jaa. I remember my several opinions and tashere fundamental analysis I been do on both that time.

UACN fit my strategy wella, so na continuous loading at pull backs till I reach the promised land.
This one go dey poo steady for me like others.
#Patience

Sorry my Oga...wanted to quote the young man below

Is there a closure date yet for UACN shareholders

I am seeing UPDC closure for rights issue as September 30th.

Coolcash1:
waiting for UBA at N5.50....

The much better for me to accumulate more at month end. I want to buy all my UBA below N6 until Dec 2019

Seun you need to use a dark background on this font.

Best is to change the font colour and have a dark background on the font. The current look is unpleasing to the eyes.

Agbalowomeri:
These people just have brains turn upside down. You are trying to improve inclusion in banking, now you want to charge for cash deposits. What happens to the petty traders and other businesses you want to convince to bank? Nigerian economy is still largely driven by cash so people will just return to their mattress Lol

Sometimes I wonder if this people think at all. At the end traders in our markets will resort to keeping their money in their shops or houses.

I still dey expect money this month end to pump inside UBA.

Make UBA hold on small...I never belle full!

It may not come this low again after full year end result!