₦airaland Forum

OBAGADAFFI:
Yes I believe, those assets are the reasons they are investing in UPDC.

currentprice:
Ekuu Mkt o

http://www.nse.com.ng/Financial_NewsDocs/31376_ACCESS_BANK_PLC.-_QUARTER_2_-_FINANCIAL_STATEMENT_FOR_.pdf

Mcy56:
UBA's interim should be making some sense now. Let's see what GAZ will come up with.
E Ku Market o.

DUNKA:
Good day house is UPDC PLC and Custodian PLC good buys now?

emmanuelewumi:
They should be able to pay the balance in less than 2 months.

Custodian paid interim dividend yesterday. N8 billion should not be a big issue, they have enough liquid assets.

sky2891:
Does it mean there is still going to be a form of unbundling in UPDCREIT?

ukay2:
Thank you Sir

But let's punish UBA small for not given us our 20k or increase it to 25k self..

....don't we need donations to ourselves as shareholders in this pandemic too?

Hoping UBA will come down to sub-N6 self

Mpeace:
I am just wondering, amongst the banks that submitted audited results to CBN for regulatory approval, UBA was amongst the last, how come their result is coming out before the rest?
I remember GTB and Zenith submitted way before UBA.

dipoolowoo:
UAC Nigeria Transfers 946.6 million Shares to Custodian Investment
https://businesspost.ng/economy/uac-nigeria-transfers-946-6-million-shares-to-custodian-investment/

CBN Chops Interest Rate on Savings Deposit to 1.25%
https://businesspost.ng/banking/cbn-chops-interest-rate-on-savings-deposit-to-1-25/

mk3jax:
http://www.nse.com.ng/Financial_NewsDocs/31308_GUINNESS_NIG_PLC-_QUARTER_5_-_FINANCIAL_STATEMENT_FOR_.pdf

frank33:
The Central Bank of Nigeria (CBN) says it will resume weekly forex sales to Bureau de Change operators from August 31.

In a circular signed by O.S. Nnaji, director of trade and exchange department, the apex bank said BDCs must not exchange the naira at more than N386/$.

The apex bank said its decision to resume FX sales to BDCs is to enhance accessibility to forex “particularly to travellers” since the resumption dates for international flights into the country has been announced.

Providing a breakdown of the rates, the CBN said: “Please be advised that the applicable exchange rate for the disbursements of proceeds of IMTOs for the period Monday, August 31 to Friday, September 04, 2020, is as follows:

IMTSOs to banks: N382/$1
Banks to CBN: N383/$1
CBN to BDCs: N384/$1
BDCs to end-users: Not more than N386
Volume of sale to each market is $10,000 per BDC.
The apex bank said FX sales to BDCs will hold on Mondays and Wednesdays in the first instance.

“The BDCs are to ensure that their accounts with the banks are duly funded with the equivalent naira proceeds on Fridays and Tuesdays,” the circular read.

“Banks shall continue to sell foreign currencies for travel-related invisible transactions to customers and non-customers over the counter upon presentation of relevant travel documents (passport, air ticket and visa).”


https://www.thecable.ng/breaking-naira-to-trade-at-386-as-cbn-resumes-fx-sale-to-bdcs

Chibuking81:
My problem with distance online trading is that when the case that will involve physical presence of a customer to pursue his/her case, the country concern like America might deny him/her visa to visit. And those who might not have enough money to pursue their case might ended up being frustrated.
Please help me with answer to these questions.
1. What of in case of eventuality where the stockbroker folded, how can one in Nigeria transfer his/her share to another stockbroker in America?
2. In place like Nigeria that registrar will demand your bank confirmation of signature for your uploaded e-dividend to be approve, how will one in Nigeria investing in American get his/her e-dividend activate in registrar that reside in America, without him/her being physical present and without American residential address?
3. The stockbrokers platform uses to trade foreign stock from Nigeria, are the under which country government regulations like (SEC)?

Am asking to know, because we learn everyday, thanks in anticipation.

STNWAUME:
Baba wey mr market don show weeen since 1960. NSE is dead the way forward is NYSE

Don't be left behind join the US stock pick thread below and thank me later.

https://www.nairaland.com/5669161/us-stocks-pick-alert#86375851

ositadima1:
You are posting an editorial from a pay per use newspaper on a free to use forum. Lol

talk2me2:
Good morning and happy Sunday to everyone,

Please how many times has Afriland Properties paid dividend to its shareholders since it was unbundled by UBA?

X21:
http://www.nse.com.ng/Financial_NewsDocs/31251_FLOUR_MILLS_NIG._PLC.-_QUARTER_1_-_FINANCIAL_STATEMENT.pdf

lancee:
Be like say those forces don dey comot for zee ..watching

Godlylifeoneart:
https://nairametrics.com/2020/08/10/brewery-sector-a-quarter-to-forget/

TLAX:
For about 6 years. I am sure many people missed that one. This is probably the first acquisition of Themis Capital and will be a guinea pig for them.

The focus is not so much on the loss figures for two years in a row but for the so called corporate restructure and where it leaves retail shareholders. I am still trying to figure out a way forward after they sell the third portfolio coy either this year or early next year. Asset stripping in motion. For the short and mid term its a no-no. if it survives to the long term it may be a different story. If you must have a relationship with UACN, go for one of the subsidiary in paint manufacturing. The other cash cow is not quoted so you can't access it.

If you know how to read financial statements, pay close attention the CFS and notes to the account.

Probably my last post on UACN before people think there is anything personal.

"Jijoist" may still have a winning proposition albeit a very unfavourable risk adjusted returns.

Act as the spirit leads.

ojeysky:
The information on investing is misleading then.... As it suggests that 2.80 was paid twice; in march and September