₦airaland Forum

9free:
At KM35, I go share grace for the house.

bigjay01:
If they do not offer higher price, then the herd will push it up. Either way it is a speculative punt. 15-20% will do me

bigjay01:
All these vloume is not for nothing.

The denial by Atlas Mara is expected (at this stage). It was first rumoured before the pandemic, I believe the pandemic slowed down the works. These things follow a process, it is only a matter of time before a bank amongst the FUGAZ comes knocking

https://nairametrics.com/2020/03/14/update-reports-suggest-zenith-bank-considering-merger-with-union-bank/

I have taken a speculative punt @ #6 here. I don't intend to hold for long. If it goes bad, I'll convert to long-term thinz.

Caveat - This is strictly my opinion, not any sort of advice. I am very elastic when it comes to holding long term

nna777:
If management continues like this, they will soon be rubbing shoulders with gtb/zenith in terms of dividend.

Mfunkynation:
MTN Rice

Mcy56:
Doc, that was a long time ago nah.
I don sell tey-tey. Just take am do JIJO that time.

Mcy56:
ZENITH:. Sighted at N27.45 now!
Can remember when we discussed about this stock here and one of my Ogas was referring to its tradition of not moving pass N25 or is it 24 self, think I said what if this time is different.......Yes, different really......

Zenith breaking barriers........*edited*

I'm sure no one will come out to say Mcy wants to dump this on Nsempas........Mcy didn't even have Zee...

UCAP:. Started to "gbe body" on top N6....

nna777:
Double digits loading . Patience is key.

condomuser:
Do you know of the FGN BOND JAN 2022 coupon payment due on 27 JAN has been paid?

bigjay01:
Got my last fill @79k. I am done unless it gets to 65k levels

onegentleguy:
So I took a second look at the current health stand of UAC-PROP… drawing from the company’s financial print in the last 5 quarters.

There are negatives, but then there are more positives than negatives especially in the last 6 months… with certain KEY indicators signalling the likelihood for more in the next 3.

At the height of the positives is the deleveraging and restructuring efforts (including possible divestiture) by the new BOD and management team.
...a few highlight;

>> The coy has begun a restructuring of the BG/facility management division of its business. …which was undoubtedly a key part of the problems that badly impacted its cash flow/CGP given its high reliance on external funding(EFIR in view) and weighed down its balance sheet.
…this is KEY!!
>> The NTS also shows that the company is looking to take advantage of the low rate environment to position it towards having a healthy CF and ensuring a better yield on asset base. ...so it gets to keep a little more of the cash it makes and not literally just working more for the banks.
The planned redemption of its approx N4.36B series 1 bond on the 21st of April 2021 is another plus to the deleveraging/restructuring efforts. The new core investor(custodian) might in fact, be pumping funds into the coy.
>> The back to back huge drop on CBM/CBR(cash runway in view) and EFIR… plus jump(to the +) in the coys ROTE and EM lays credence to these efforts and signals a likely turning point of inflection(+)

Worries…

>> The company made provision(via revenue guarantee) for a $2M loan secured by one of its JV partners, First Festival Mall Ltd. The JV partner(First Festival) had failed to repay the said loan on maturity.
and so UAC-PROP is currently in discussion with the unknown lender to broker a repayment plan.
For a coy that’s just coming out of the woods, $2M might be a bit too much and could pose a treat to recent efforts at cubing down their debt burden and boosting profitability.
>> The coy needs to be more aggressive at managing its cost line across board.

Bottom line:
Likely VALUE accretion carries much more weight than surrounding risk.
Put differently, REWARD is clearly well ahead of the combination of RISK and current mkt price with my FVE assuming zero growth in Q4 and attaching an above inflation risk premium pegged @ N1.81

…BUY!!

Side Inquisition…

Of the 5 BODs who recently(precisely Jan 4th 2021) stepped down from the board of UAC-PROP(Adekunle Awojobi, Professor Okon Ansa, Mrs. Awuneba Ajumogobia) including the former Chairman(Mr Babatunde kasali) and MD/CEO(Mr Folasope Aiyesimoju), the 1st 4, holds a collective near 149M units of UAC-PROP, with the bulk of approx 148.6M(circa 5.72%) held by the 1st(Adekunle Awojobi) the representative of FBN Trustees.(an arm of FBN Quest)
Could it be that the huge sales in the last 3 trading days are that of Mr Adekunle Awojobi/FBN trustees? If yes, why are they selling?

For emphasis, the other 3 BOD members including the Chairman, Mr Kasali holds just a minot less 130,000 units.

CAVEAT: The need for due diligence should still take higher precedence ahead of this post.
Again my advise would be; follow ur instinct.

Selah

samguru:
Atlas Mara is not selling her stake in Union Bank neither Access Bank is planning to buy Atlas mara stake

yMcy56:
Thanks sir for the detailed explanation on the UAC-Prop.
The Custodian boss didn't go there for play I blvd, he meant serious biz.

As for insurance, in as much as recapitalization is still on course, then the sector is not done with.

samguru:
http://www.nse.com.ng/Financial_NewsDocs/32241_UNION_BANK_OF_NIGERIA_PLC%20RESPONSE_TO_ONLINE_PUBLICATI.pdf


Those scrambling for Union Bank shares, this is for you

onegentleguy:
The news is simple…

Mr Wole Oshin, who doubles as the Chairman, founder and Group Managing Director of the Custodian Investment Group has taken over from the past chairman of the board of UAC-PROP, Mr Babatunde Kasali.
The new BOD chair, Mr Wole was initially appointed as a Exec director of the board of UAC-PROP ealier this month.

Inference:
This comfirms the shift in control in the affairs of UACN-PROP from UACN to the CUSTODIAN GROUP and lays a strong plausibility that UACN may have completely divested its stake from UACN-PROP.
So yes, the mkt cross deal from last week could’ve been it.

UACN-PROP? Well a stong coy with tested management is taken over control. while today's low of 70k isn't that expensive, I’d prefer to see their YE 2020 FP to adjudge the degree of their financial health before putting things in proper perspective.
For all we know, they(custodian), HNI or other minority investors may be the ones selling off their stake(presumably quite heavy) in UACN-PROP post allotment of UPDC-REIT.

UPDC-REIT? Its a buy @ any price <N6(RR margin in view)
UACN? An even better BUY @ the present mkt price.

Disclaimer: Before u act on this, pls do well to read to read through my signature below.
My advise? Pls follow ur instinct.

Selah

yMcy56:
Let's wait and see.........
The Custodian boss already moved in to UAC-PROP.....

megawealth01:
WOW that's too revealing abeg take small small dey dig na

Although I didn't buy UAC-PROP for JIJO sha but you can't predict a trader

yMcy56:
17M+ done so far........A stock that
barely does 300k on a good day....
That's how some people/insider will just be running without understanding the message properly.
Let's be waiting for the announcement or news......

IYGEAL:
The MPC conclusion means the bulls will stick around a bit longer.

skydiver01:
FGN Bond Maturing 22 January 2026 coupon payment due Friday 22 January arrived today. Next one is due in six months (July). No stress. Slow and steady wins the race. Happy Days.

nna777:
Let's see how it goes. But I don't think vitafoam is going below 9 again if they release a good q1 which they should and even after markdown.

nna777:
Who remembered this post? .
If you took heed, you will be sitting on decent profits with more upside in view coupled with incoming dividend.

This is for those who thought we don't know TA/FA because we traded japulgold and some insurance coys

nna777:
It will be a win for UBN holders not Access bank holders. We have been here before with their previous 2 acquisitions. Nothing happened.

unite4real:
"Unilever Nigeria Plc a leading consumer goods company in Nigeria declares in its unaudited annual financial report that it made a loss amounting to N1.59 billion in the year 2020.

This is according to the information and figures disclosed in the Company’s unaudited financial statement published by Unilever on the website of the Nigerian Stock Exchange."

.... Nairametrics

Leezah:
Can you explain this nark down?

rebekah2011:
Is UPDC even worth 75k as at today? The only hope the shareholders will be banking on will be on the turnaround of the company. UPDC Reits has been shared to the UPDC shareholders. Las las I foresee Custodian buying over the remaining shareholders at a premium and the company delisted.

nna777:
Thanks man. The dividend yield is slightly above 10% if you bought@#7. As for the correction,this is what I see.

When their q1 is released next week, it will take it to 10 or slightly above, then after markdown, 9issh. the correction will take place btw 9issh and 10.

bigjay01:
Bought UAC-PROP today

It may be a long play, but I have confidence in the Custodian guys

megawealth01:
Insurance stocks

By tomorrow CHAMPIONS don give me 100%+ this is so chilling... We will keep moving till we get to #3-5 or even #10

Our TESLA ( TRANSCORP) will soon give me 100% then we journey to ELDORADO