₦airaland Forum

OakPearl:
Sorry been away.

You will inherit 640 UPDC and 390 UPDC-REIT
from your 1000 UACN.

I think someone had given the ratio ealier.

bigjay01:
Am not sure of the ratio. However, if the 100:60:30 as quoted earlier holds, then expect 600 UPDC & 300 REIT.

OakPearl:
Because UPDC-REIT is a subset of UPDC and UACN being the parent company of UPDC, they naturally have a stake in REIT.
The same reason any holder of UACN will inherit stakes in both UPDC and the REIT as at when the unbundling becomes official.

emmanuelewumi:
Some of the guys here are there.

Send a private message to Jejebaba, he is one of the Ogas in the group.

needful:
Ukah, pls come and analyze this for me abeg. Totally confusing biko.

TotoNaRubber:
Bonds seems like a legal 419, you buy to make profit but the banks makes more money when you are buying and when you are selling.

The units thing is complicated, the interest rate is complicated, you won't really know when banks try to cheat you, sometimes you get paid 16% and sometimes you get paid 12%.

When you buy from sec market, you have to pay the seller some interests, is there anyone who has held bond to maturity to explain if it was worth it?

emmanuelewumi:
1 for 1 bonus 1993

1 for 1 bonus 1995

3 for 2 bonus 1997

1 for 2 bonus 1998.

,,,,..............

Initial public offer

1 for 4 bonus 2002

1 for 5 bonus 2003

1 for 3 bonus 2004

1 for 3 bonus 2006

1 for 4 bonus 2007

1 for 10 bonus 2008 March

1 for 4 bonus 2008 December

1 for 4 bonus 2009

1 for 4 bonus 2010

TotoNaRubber:
Thanks for the explanation, what I understand is that the new buyer will pay more to obtain the bond and then still earn less in Interest payments, at the end of the day, the real interest payments for a two year bond could be 10.5%.

What do you think?

emmanuelewumi:
quote author=ukay2 post=84116656]

Oga Emmanuelwumi. ...sorry Sir for my clarification on secondary marker of FGN Bonds

FGN Bonds are offer at a certain percentage
If 16.39% FGN BOND is offer at 12% in secondary market
What it means is that the new buyer will pay more for buying the bond today.....like paying 3M for a bond of 2.7M.

The new buyer will enjoy the coupon payments of 16.39% until the maturity of the bond....and a repayment of the 3M if he/she holds the bond till maturity.

The new buyer may loose some money if he/she sells the bond at a higher offer price like 13% but may even gain some money if he can sell the bond at 10%.

You will only understand secondary market bond if you invest or trade it

Most FGN BONDS even is primary auction price are sold below the coupon percentages -meaning the primary buyers of the primary auction also paid more for the bond they are selling to you today,.

I hope my little explanations make sense a bit.

Other bonds ogas and gurus can educate us more

Thanks



Thank you very much

emmanuelewumi:
The new buyer will get a true yield of about 12%, which you quoted earlier.

There are times when the secondary market buyer can a better true yield than the primary market buyer. It can happen when the price of the bond falls in the secondary market.

Popular saying on Walls street

"Bonds keep you rich, stocks make you rich".

currentprice:
that must be long time ago around last year when upl was one of the best in d mkt

Willie2015:
Na wa oo.... Omo....
See different analysis....

rebekah2011:
Your TV remote has been kidnapped. I sighted it some hours ago. Check with Oga rabbiDoracle.

I am looking forward to who will bail me out of my misery oooooo. University Press Plc don lock my money ooooo. The only consolation is that I am assured of yearly dividend of at least 15kobo.

bigjay01:
or that there will be a UBA in 17yrs?

you cannot discuss reward in isolation of risk

needful:
My Brother indemnity no work oooo..

TraDeRR:
What is the rate ? And is it fixed?

Got my answers.. rate are fixed..

bigjay01:
Just came across this post from our respectable oga Wanaj0.

Wanaj0 talk to us naaa

needful:
U are right sir. Am not within so can't deal physically in the bank. I emailed Stanbic but they categorically told me that I have to be present for the amount of money I want to invest. My presence in that country wont be anytime soon. Is so frustrating though. Gtb told me similar thing also, infact my acct officer with gtb want me to do fixed deposit, later he now started toasting me on the phone to fixed the money in his branch so as to help him reach a target. I completely pulled out. So u see my predicament right now. Time is of essence to me now as I need to pay study fees.

TotoNaRubber:
Guys, regarding bonds.

I was told these are the rates
10.9 for 2yrs
11.36 for 3 yrs.

How come someone was quoting 16.2% for yields in bonds, how is it calculated cos most bank staff have no clue.

I did mine in stanbic ibtc. ...ask the private banking section of the bank
But the 16.2% is for 17 year bond. ....

odimbannamdi:
Thanks baba. But aside cable tv, can i watch it elsewhere? Say maybe their Youtube channel? Coz i will be at work by then

odimbannamdi:
Bros, whats the name of the programme, channel it is shown and time? I wan begin watch am so that i can become a billionaire like ogas dem..

needful:
The lady said, 20,000,000 for a minimum start from secondary market while primary market is 100,000,000

ahiboilandgas:
all aspiring billionaires don't miss this program....my wife don't understand within I dey watch ....

RabbiDoracle:
Let me explain what I mean by MMM scenario.

Since people will be looking for where to place money especially now that there are many rejections of Tbills placements, they will want to test the NSE. These could be newbies looking for where to get good returns.

They will do a quick one and get like 20% in 2 weeks after selling (more than what Tbills give in a year). They will be excited.

They will go in again after a week or more (remember price is going higher) and make 30% in 1 week. This is far more than what Tbills pay in 1 year.

Greed sets in and they will get more money to hit big. They go in and don't come out anymore.

This is MMM scenario.

locodemy:
Chai.....oga I am also under mango tree playing whot o but this Transcorp money must be put somewhere either a fresh stock or average up but a very good one