₦airaland Forum

locodemy:
You get mind to sell all your stocks just because of changing a broker.What of if you sold them at loss and repurchase again at your new broker(all involve charges on top of loss).It is your right to move your stocks to any broker of your choice without big big grammar nah.
The stocks I moved are big cap stocks which I can't sell anyhow.I will not encourage anyone to sell his/her stocks just to change a broker.The process of transferring stocks are very simple and clear.Your new broker does majority of the jobs during inter member transfer.....

The stocks were not that much

locodemy:
After explaining the meaning of Bottom,I now finished them with the following points on why I want my stocks with them to be transferred.

1.You people charge 1.75% on buy and 2.085% on sell but my online broker charges me a total of 1.35% on both.A brokerage fees of 0.75%.

2.It takes you people more than a week to issue me a cheque on sold stock but my money lands in my bank acct on the 3rd day of selling my stock with my online broker.

3.It takes me two days to buy another stock with my sales proceeds but I have access to buy a stock immediately I sell my stock with my online broker.

4.You people always discourage me to use price limit to buy stocks but advices me to place order at best market price but with my online broker,I use price limit to execute trades.

5.You never told me about direct cash settlement but my online broker sent me an email about it.

6.You charge me for every print out I request,but with my online broker,I have access to my accts free of charge.

7.You people buy a stock for me at the highest price and sell at the lowest price but I chose the price to buy or sell with my online broker.

8.You always tell me......Nna, you will get 100% if you buy this stock and I end up selling at loss but with my online broker,I am ok with 10-15% gain or 10-15% stop loss order.

9.With you,I don't know how to cancel a stock I placed order for but with my online broker,at a click of a mouse I am there.

10.With you,no market data and no access to Nse.All these are available with my online broker.

And many more I discussed with them.

Finally,I told them to complete the transfer form immediately.
They were speechless.The only thing they could say is pls you need to complete your KYC with us.

My brother,Analog brokers can frustrate their clients for years without them achieving any dividends of stock market.

When I discovered Meritrade and morgan I couldn't wait to speak grammar with my analogue stockbroker, I just placed sell mandate for all the stocks I hard with them withdrew all the money and moved on.

Over the years I traded more with Morgan than Meritrade but morgan's customer service have always been a very huge disappointment each time I have reason to contact them. Even to the extent that I have got reasons to contact the cscs directly all because the morgan customer service refuse to do their work. Issues that will be resolved within hours by Meritrade takes weeks and even months to be resolved by morgan due to poor rated customer service.

Infact, I am beginning to consider leaving Morgan completely for meritrade since I can still negotiate the brokerage fees with them.

While we await the price of UACN to either go up or down, if anyone has any question regarding the unbundling of UPDC and UPDC REIT let them ask as I will be very glad to answer their questions, but not the numbers.

We are going to make a kill from this one.

UPDCREIT Appeared on the price list today washere

debeey87:
Does anyone have any information on CRe African Investment that is planning to acquire the Continental Reinsurance shares. Google isn't providing any favorable result. I want to decide whether to take their shares or just go with the cash consideration.

In my opinion you should collect the cash and wait for them to list the new entity then you can do your analysis before buying

mendes911:
LOL. Of course. I meant something else. He's only trying to shore up the price.

I honestly need the price below 6 and even 5.

Agbalowomeri:
Na im way
He was here shouting 3% of Oando
By the time Wale give am blow, he disappeared for 3 years

Agbara Owunmiri or whatever you choose to answer I am not your Ucheson2 so stop calling me that ok.

As for the analysis time will tell who was telling the truth.

Northeastern:
Oga, stop deceiving yourself. The market will do what it wants. There is no information so classified that you have that many prop traders are not privy to. Even if you’re the one that is in charge of the deal which you’re not, you should know that all information is freely available because the market is very small and close.

So Oga, there is no numbers anywhere. And there is no numbers so attractive that those that have funds to impact price are not privy to.

So just stop posting rubbish because you want to massage your pride. UACN is available, go and buy and save us this chicanery.

Mind your choice of words when replying to others post.

That some people are privy to some info does not mean everybody is.

You may still have some info and not be able to analyse it the way I am going to present it here.

Mpeace:
One question. When will the exercise be concluded?

Mind you UPDC will not be consolidated UAC’s financial statements for the year ending 31 December 2019.

Mpeace:
One question. When will the exercise be concluded?

Before the end of April 2020

Uchetoba:
For those waiting for the numbers from my research, I have not been able to buy enough of UACN I'm still waiting for it at 5 to 6 junction. The numbers will fly once I'm able to buy substantial qty of the stock.

But if anybody is in a horry then that person can as well go do their own research and post the numbers here for us.

However, If anyone has any question regarding the unbundling of updc or updc reit I will gladly provide the answer as long as the person is not asking for the numbers.

For those waiting for the numbers from my research, I have not been able to buy enough of UACN I'm still waiting for it at 5 to 6 junction. The numbers will fly once I'm able to buy substantial qty of the stock.

But if anybody is in a horry then that person can as well go do their own research and post the numbers here for us.

Agbalowomeri:
Uchenson how many times I call you?

Agbalowomeri = Ucheson2

Uchetoba:
This UACN thing will be like what happened when UBA was devesting from Afriprud, Ucap & Afriland property. About 2 weeks to the day they were going to allot the shares of the three companies for free to investors, the price of uba started crumbling very fast from over N7 to around N4.5. When I saw the price at 4.5 I quickly sold all my NEM at N0.8 cause I but the NEM at N0.55, so I plunged all the money into UBA not knowing what was about to happen luckily for me that was about two day to the D day. About three days after buying I saw that the price of uba started ralling and I also noticed that two new companies has been included in the price list and the two are also ralling. To cut the long story short, I later called my then analogue stockbroker to send a copy of my cscs stmt of acc to my email, they did and I saw afriprud and ucap in my cscs stmt then I called my stockbroker for explanation then they told me those were giving to me by uba bc cbn had told all banks to divest from their non banking subsidiaries. Later again I checked my P.O Box and I also saw the share certificate of afriland property.

Those that sold there UBA before the D day I'm sure they cried HAD I KNOW.

Please let them continue to sell their UACN I havn't bought enough. I even need it to fall to like N4 so that I can buy more and more b4 the D day.

Even the shareholders of UPDC will make some profit from the unbundling of UPDC REIT

But the bulk of the profit will go to UACN shareholder.

The Numbers from my research that I will start releasing from next week will make the whole thing clearer.

Agbalowomeri:
I only asked a question which wasn't meant to be sarcasm
I am aware UACN paid a one-off write-off for UPDC in 2018 financial year
I asked if that is the only way they plan to settle their own portion of the right issue

Agbalowomeri:
Is that the strategy?

You see I really have your time today.
The only thing I'm not going to do is post the numbers from my research about the unbundling untill I have bought enough UACN for myself.
Any other question?

Agbalowomeri:
So they won't pay for their right issue in UPDC?
Where would the money come from sef?

Infact the right issue of UPDC makes the whole unbundling thing more protitable for UACN shareholders.
The debt that UPDC own UACN will be converted to UPDC right.

pluto09:
Don't compare what happened in uba then to what is happening in UACN now......
For one, uba subsidiary was not raising fresh capital .....

I was not talking of UPDC, UACN isn't raising fund

This UACN thing will be like what happened when UBA was devesting from Afriprud, Ucap & Afriland property. About 2 weeks to the day they were going to allot the shares of the three companies for free to investors, the price of uba started crumbling very fast from over N7 to around N4.5. When I saw the price at 4.5 I quickly sold all my NEM at N0.8 cause I but the NEM at N0.55, so I plunged all the money into UBA not knowing what was about to happen lukily for me that was about two day to the D day. About three days after buying I saw that the price of uba started ralling and I also noticed that two new companies has been included in the price list and the two are also ralling. To cut the long story short, I later called my then analogue stockbroker to send a copy of my cscs stmt of acc to my email, they did and I saw afriprud and ucap in my cscs stmt then I called my stockbroker for explanation then they told me those were giving to me by uba bc cbn had told all banks to divest from their non banking subsidiaries. Later again I checked my P.O Box and I also saw the share certificate of afriland property.

Those that sold there UBA before the D day I'm sure they cried HAD I KNOW.

Please let them continue to sell their UACN I havn't bought enough. I even need it to fall to like N4 so that I can buy more and more b4 the D day.

Any news about Nigerins?

Mcy56:


Dear bros, what changed again? Chai!
I hope you mean after investing enough when it reaches 4naira.

The annoucement of the updc right issue has chaged the game, help my research and give me a direction

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.

Before the right issue was announced

Cc: Pluto09

From my research so far, this unbundling of a thing is going to favour uacn shareholders alot

I will post the numbers from the research after investing enough in uacn.

Agbalowomeri:
No be 30th Sept dem call am

That is the qualification date

Does anyone know the closure date for the UPDC's right issue?

The person that placed the offer with over 15m units of nigerins, does he really want to sell or just to scare the buyers?

swilo:
Mcy, please for Morgan capital, how many days does it take before the cash from a stock sale is available for another purchase?

Can I sell a stock today and use the proceed to buy another stock today?

Yes as soon as you sale you can use the money to buy gain.

mendes911:
MSCI that will soon start selling.

What is MSCI?

onegentleguy:
I laugh when I see those series of 'virtual' 500,000 & 1,50,000 units on UACN offer trade book.
The thing about virtual/mirage offering mechanism in the 'NSE room'.

Once again, the maneuverers have camped in that house... looking to push down the price to accumulate more prior to more juicy official announcements.
...so anyone that falls for their trap does so at their own peril.

Reminds me of the similar pranks they played in DIAMOND BANK and DF prior to their high rallies with more good news and a few other coys in the past, so am not surprised.

They should pls continue... we are earnestly waiting to LOAD even much more @ the appropriate time !!
I'll key in like never before, so they should pls, pls push it down.

...earnestly waiting !!

UACN is obeying the law of gravity

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.