₦airaland Forum

talk2me2:
Guy I from the very moment I saw this your post I quickly moved into research about UACN. Here are my findings:

UACN has 2,881,296,580 ordinary shares of 50k each.
UPDC has 18.462billion ordinary shares of 50k each after the right issue.
Accordig to reuters.com UACN now own 93.9% or 17.34 billion shares of UPDC. When UACN unbundles UPDC, the 17.34B shares will be alloted pro rata to the shareholders of uacn i.e 17.34b ÷ 2.88b = 6 shares of updc for 1 share of uacn held.

In addition, UPDCREIT has 2,668,269,500 units of N10 each.
UPDC own 61.5 % or 1,640,985,742 units of UPDCREIT.
And uacn own 93.9% or 1,540,885,611 units of updcreit.
the pro rata means 1.54b ÷ 2.88b = 0.53 unit for 1 share of uacn held. Now let's multiply 0.53 by 2 = 1.06 or 1 unit of updcreit for ever 2 shares of uacn.

SUMMARY
THEREFORE, FOR EVERY TWO SHARES OF UACN THAT SHAREHOLDER HAD THEY WILL RECEIVE ONE UNIT OF 10 NAIRA EACH OF UPDCREIT AND TWELVE SHARES OF UPDC AS BONUS SHARES.

OGA YOUR HEAD IS CORRECT.

I have already made UACN the 65 % of my portfolio, hoping to add more before the unbundlings finally take place in July.

We are making alot of money this year.

talk2me2:
One of the secrets of the Billionaires that kept them getting richer is that
They invest in opportunities with limited risk and huge potential returns.

Uchetoba:
Some Ogas right from the days of SMN admonished us to always buy things that if they don't poo they will vomit. But UACN right now is one outstanding stock that within the next 4 months, will poo, Vomit, pea 2 times and mess 2 times.

Where to poo = capital appreciation
Vomit = dividend from UACN
Pea 2x = the unbundling of UPDC & UPDCREIT
Mess 2x = Final dividend and interim dividend from UPDCREIT.
All these to happen in 4 months.
Be wise don't be left out.

talk2me2:
Guy I from the very moment I saw this your post I quickly moved into research about UACN. Here are my findings:

UACN has 2,881,296,580 ordinary shares of 50k each.
UPDC has 18.462billion ordinary shares of 50k each after the right issue.
Accordig to reuters.com UACN now own 93.9% or 17.34 billion shares of UPDC. When UACN unbundles UPDC, the 17.34B shares will be alloted pro rata to the shareholders of uacn i.e 17.34b ÷ 2.88b = 6 shares of updc for 1 share of uacn held.

In addition, UPDCREIT has 2,668,269,500 units of N10 each.
UPDC own 61.5 % or 1,640,985,742 units of UPDCREIT.
And uacn own 93.9% or 1,540,885,611 units of updcreit.
the pro rata means 1.54b ÷ 2.88b = 0.53 unit for 1 share of uacn held. Now let's multiply 0.53 by 2 = 1.06 or 1 unit of updcreit for ever 2 shares of uacn.

SUMMARY
THEREFORE, FOR EVERY TWO SHARES OF UACN THAT SHAREHOLDER HAD THEY WILL RECEIVE ONE UNIT OF 10 NAIRA EACH OF UPDCREIT AND TWELVE SHARES OF UPDC AS BONUS SHARES.

OGA YOUR HEAD IS CORRECT.

I have already made UACN the 65 % of my portfolio, hoping to add more before the unbundlings finally take place in July.

We are making alot of money this year.

sellydion:
The question is, who will sell MTN at .20K and buy UPDCREIT at N10

sellydion:
The question is, who will sell MTN at .20K and buy UPDCREIT at N10

emmanuelewumi:
Not that straight forward, they planned raising more money this year but the current realities will make that an impossibility.

BAMOFIN1:
You have miscalculated. For years UPDCREIT has been falling from its listed price of N10 to current price of N3.10 to N3.30 and it has been selling in this range for months. UPDCREIT will possibly drop much below its current price at the time of unbundling. I wish all these negative info we are now getting about UAC have been revealed to us about six months ago when the hype of the stock was at its highest.

Uchetoba:
Here are the numbers that I promised you:

When the Unbundling of UPDC and UPDCREIT is completed, the shareholders of UPDC will be given 1 unit of UPDCREIT in addition to every 12 shares of UPDC held.

AND UACN SHAREHOLDERS WILL RECEIVE
12 SHARES OF UPDC +
1 SHARE OF UPDCREIT
IN ADDITION TO EVERY 2 SHARES OF UACN ORIGINALLY HELD.

Uchetoba:
Dear I disagree with you on the bolded because the Obu and CCNN deal is more like the Access and Diamond deal. One share of Obu Cement is valued at N35.11 and the over 13 Billion share that will alloted to CCNN shareholders will rank pari passu.

Again the building Material industry in every country is encouraged/favoured by the government unlike the breweries industry that is over taxed.

4everGrand:
Mercylicious, I dont understand pls. Could u explain what the 'However...x + 3...' paragraph means. Thanks.

talk2me2:
https://www.proshareng.com/news/Investors%20NewsBeat/FBN-Holdings-Plc-Extends-Closed-Period-to-April-5--2016;-Postpones-Board-Meeting/30476?utm_source=Internal&utm_medium=Trending&utm_campaign=Trending-News

IHelp:
The bolded part has never been a good investment decision.
Never put all your eggs in one basket.
#JustConcerned
#WetinIKnowSef

NuttyChoky:
So they will reverse their Q3 15 YTD loss of about N48billion in just one Quarter, and do well as to pay N1? Thank you for this information sir!

Mpeace:
Please when will NSE close for the year. Can one still trade after Xmas but before the new year.