₦airaland Forum

UBA.....always making us proud....

I will enter dangflour by monday....this stock will soon be on HIGH DOSE STEROID by july

Due deligence applied...ooo.....no quote me if you lose money...ooo

Fbn holdings alert......

fxuser:
Sorry for the late response
Looks neutral so I'm looking at the monthly to reduce all noise

- yet to breakout
- May 2016 monthly open and close was 3.15 - 5.04 (last monthly break before the rest / PB)
- SP has been trading within that monthly range for 12 months
- patience

Thanks. ...pls alert us on Pull-back

Manonamission:
As at Jan 1, 2017(pg 7 of Q1 unaudited), Accumulated losses/Retained earnings stood at (N12.4B) only. By the end of Q1,2017 it improved to (N9.84B) meaning gain of about N2.62B. Dangflour will barely turn positive as far as retained earnings is concerned if it continues at this rate. The company must report higher profits to meet your huge expectation. I don't doubt the potential of the management to make this happen though. Just trying to paint a clearer picture. Subsequent quarters should be better. I also believe the market might reprice this stock higher before the year ends as continuous profits are declared quarterly.

This is not a recommendation to BUY or to REFRAIN from buying.

EDIT: Just realized there's a seperate report (pg 8 of Q1 unaudited) stating (N8.51B) as at Jan 1,2017 which has now improved to (N5.48B). (Accountants in the house, what's the difference between the two?) Then, it's expected to turn positive by Q3,2017 if tempo is maintained.

Am even confused with two separate reports pages 7&8 of q1 2017... even AUDITED 2016 Q4...Accumulated losses was N12.4B in page14 and this changed to N8.5B in page 15......which one should shareholders use as the real figures. ...

Please guys help us explain the two contradictory figures make person de project well...
Cc....Currentprice, coolcash, bullbearMekt, FXUSER etc

Coolcash1:
Rights issue are additional shares issued by a company to its EXISTING shareholders. The existing in capital letter as a matter of emphasis to tell you that not for everybody but for people who currently are shareholders in the company.

Rights issue is a financing strategy at a cheaper cost used by companies to either refinance debt (i.e. debt settlement), business expansion or fund strategic acqusitions.

Rights issue price are usually lower than the market price because its suppose to woo existing shareholders to take it up.

They are not available on the floor of the exchange as they are bought through designated issuing company's underwiriter. Think of this like an IPO (Initial Public Offer)...Note that the difference between IPO and rights issue is that the former is for all comers but Rights are meant for existing shareholders.

As an existing shareholder, it is NOT compulsory you take it up. As such, it can be ignored. You also have the option of buying into it or you buy and then sell it on the exchange.

Most investors dislike rights issue because it dilutes their shareholding in the company. The value of their investment drops as more shares are being created causing total outstanding shares to be on the high side.

Like i said, it is not compulsory you buy it. Just do your DD before taking your decision.

Good luck.

Thank you. ....I will just ignore this right issue. .....wI'll rather prefer buying from the floor on nse anything I may consider them....

fxuser:
FBN

- apart from d last 2 wks , last time SP closed > N4 on d weekly was middle of last year
- weekly charts look like a double bottom reversal #imo

#justobserving

Please what of Dangote Flour Plc....What is the TA....? Any pull back soon?
Thanks

Please what those RIGHT ISSUE ofor a company share price means.....uacn property a day livestock sent me documents concerning their right issues. ....am a share holder in these two companies. .Please does it mean I will buy the stock cheaper in the floor on NSE?


PLEASE I need kind explanation on what Right Issue of a company share means.....

Thanks you

CC. ...bullbearMekt, FXUSER, cool cash, etc.....

Pls what are the REQUIREMENTS AND BENEFITS of writing MRCS exam.....Thanks for your reply.

The mother of all BEARS has come......QUIET HOUSE.....THANK GOD I SOLD MY UBA @50% prof it last week.....I for de cry now....

This rally na massive dumping going on.....make una shine eyes.......Let's see how Friday go be....meanwhile I want dump my Transcorp @KM2....who go buy

Tritri:
Bros na u dey deceive me to sale ...?? It not good...and i consider u my brother.
It like am dreaming...TRANSCORPE 1.15...in my life i will never doubt any prophecy on this land again.

Make Transcorp Reach KM 2.0 make it jump out sharply

UBA on the run today.....sold my bulk yesterday. .....I de fear to enter again before the rally go REVERSE IN FULL GEAR

UBA.....on the run

stokfrick:
the charts don already reveal am

Nobi uncle UCAP

Will UBA reach KM10

BullBearMkt:
-Daily and Weekly charts are bullish
-Yesterday, bears showed appearance
-Any entry decision might be too late as pullback is imminent soon (personal opinion)
-EXIT decision should be based on your trading plans

Best of luck...

Thanks

Ogas bullbearMekt , FXUSER etc....

Please how is UBA chart till next week....Bearish or Bullish?

I want to take a decision on UBA today. ..

Thanks for your effort in helping guys here...

needful:
Pls I need help. I live in canada and rely solely on my account officer for TB. The last auction before the one of today. She gave me 16.9 for 182days. Before she buys for, I will email and get tired of mailing. She doesn't pick calls. I missed today's auction because she didn't reply my mail. I have account with diamond bank but that one seem worse, my account offer there doesnt know what is TB. Pls I want to move to UBA where I have account to see if things will get better. Has any one used them before?. Am tired, these banks are really messing me up.

I think you should still use stanbic ibtc bank. ...send a mail to ....eunice.bajeh@stanbicibtc. com....She has been helpful to me...she is the Coverage Head-Private Banking North Central Nigeria..

Tell us the outcome.
Best wishes...

ekunade:
Does anyone have an idea of the current rate of stanbic mutual fund

It's 17.51% as @ today........ MMF

currentprice:
Why buying a N25 stock for N45 FO

Why ignoring N480 worth of stock at current offer of N240 TOTAL

Best time to buy FO is when it get below it real value of N25. Currentprice is not in a hurry. Waiting at any time or missing

Hope not monkey hunting? ??

I was able to secure NTB 364days today for 18.44% with stanbic ibtc bank via secondary market...

Happyfellow147:
I rushed to stanbic to apply for the April 12 FGN bond, only to be told that they have no information about that except I want the savings bond. Ogas please help me out. I don't understand

Contact their head office. ...StanbicIBTC does FGN bond investment. ..I have Feb2020 bond with them...

ihedioramma:
Please give me the dates you know is 3310 over here .Godisfaithul am talking to you . Sleep done carry loco .

Closure date..3rd April 2017

AGM. . 7the April 2017

Payment date: 10th April 2017

UBA fare price should be N6.70 k

Hope market will react positively by Monday

angelo82:
Final dividend of 55k.

http://www.nse.com.ng/Financial_NewsDocs/16912_UBA_PLC_-_2016_AUDITED_ACCOUNTS_FINANCIAL_STATEMENTS_MARCH_2017.pdf

UBA.....good dividend. ....compare to Access Bank.......I will buy more units of UBA share after dividend payment. ....let me chop this one first...

Waiting for good entry point for UCAP to enter...

PETERiCHY:
Better wait for it @sub N10 else you have yourself to blame.

So this is the best time to enter zenith bank...,,since sir PETERICHIE has said otherwise

Happyfellow147:
I just went to stanbic ibtc in my area now. The customer service representative said the next auction is 5th April. She said I should come on 3rd or 4th that I'd be given a form to fill but since this is my first time, I want the gurus here to guide me. How would I know the forms I'd be given is the authentic one because we have heard of some dubious bank staff defrauding customers. I don't want to fall victim please.

Two forms...Custodian form and Treasury bills Tender form....next time you bid via the same bank, you will not fill the custodian form again. ..rather the Treasury Bill Tender formy you will be filling subsequently. ..

ZENITH BANK DIVIDEND ALERT just Landed

Godisfaithful:
Sir, because they don't agree with your opinion doesn't mean you should wish your fellow humanity bad? Life is not defined by that. Anyway, it is well

Please Sir Godisfaithful. ..aka...myjoy. ....when did you become so unpatriotic to Nigeria economy. ...as a newbie 4 years ago. ..I used to cherish your post here in NSEPA. ...but today. ...you have CHANGED. .....PLEASE DO NOT BECOME LIKE PETERICHIE. ...we already know him...

All of us are praying for our economy recovery and naira strengthening against the dollar.

Let's pray for our economy recovery plan work out well.....

dejiotus:
Gurus in the house should kindly update the house about the rates offered by banks for customers that submitted application for the auction on 22 March. I am particularly keen on the rates from GT, as I am still waiting for the rate I will be offered for the 364 day tenor

My friend was debited @17.999% for 364days NTB from GTB yesterday. ...also the commission alert debited from her was too much compared to what i was debit by stanbic ibtc....I told her to port to Stanbic ibtc bank but she is not willing due to absent of stanbic ibtc bank in her locality. ..I think IBTC means investment banking something. ....so they always offer better investment services than other banks. ..


One of my friends uses gtb for salary account and stanbic ibtc bank for investment. ....I think it's good. ..

Ucap...........De dividend heavy guys.....oya zenith tomorrow. .....


....waiting for UBA, FCMB. ...etc

I got debit alert of 18.3% for 364 days from Stanbic ibtc bank as mentioned earlier

angelo82:
Instead of always asking for what the chart says all the time dont you think you should tell them to post the charts and interpret how to read the chart for you.If you can master charts believe me you can trade anything and timing market will be much easier.Line chart is very simple to interpret and you can start from there.Just an advice.

Quite true. ...

So ogas...angelo82...fxuser....bullbearMekt... ..PLEASE MAKE YOU GUYS TEACH US HOW TO READ STOCK CHART.....AM very eager to learn...

Thanks.

40manlappy:
Bro, you have got mail!

Please share your points in this forum so that others will learn. ....

Hope you understand

Thanks..