₦airaland Forum

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.

Unlike Diamond acquisition, UBN is more solid and I have concern with the current share price.
I'll prefer to wait and see how things goes first ........or worst still, advice bidding at safer junction............N5 and below........this is my opinion........I may be wrong.

Atlas Mara considering selling its 50% stake in UBN. Receive offers from local banks:

ACCESS Bank again?
How much will the offer price be ......when Access is selling @circa N9 and UBN circa N5.50?
We see how it all pans out.

https://www.premiumtimesng.com/news/more-news/438293-union-banks-principal-owner-considering-sale-of-50-stake.html

https://www.nairaland.com/6380503/union-banks-principal-owner-considering#98395256

9free:
Thank you

Boss, I think it's similar FGN's interest that's driving Multiverse too.......maybe because the coy is into Mining too.......though no info so far from the coy to justify the drive......maybe just mere sentiment.
Let's keep watching out from the quarter as well........

As for JP, the guy acted and is acting smart by divesting into Mining and related biz...
The Chinese have been reported to be mining the mineral resources in the Northern part illegally, and the govt is after them, arresting them......
Coming thru an indigenous coy will allow them to continue the mining........this time, legally.
I want to believe they'll try and make it work cos they've got a lot to gain here.
Let's continue to keep eye on the Sector......
Though I may not be posting much concerning J-GOLD here again.

RABIU OF BUACEM:
Someone once said here that......."Anything for the Forbes list"...........He made it.....

https://nairametrics.com/2021/01/23/dangote-rabiu-adenuga-make-top-10-on-forbes-africa-billionaires-list/

9free:
Can it push Multiverse to N2.00?

Boss, I only posted the info here, didn't say or know anything o.

I've been searching for the info/links for my own use, saw it and decided to share here.....

I don't know anything about Multiverse but I know JP is working with Chinese firm on similar project.........we continue to observe as events unfolds ......... strictly my opinion.

MERISTEM UNVEILS ECONOMIC OUTLOOK REPORT, BULLISH ON STOCK MARKET FOR THE BETTER PART OF THIS YEAR ............JAN 22, 2021:
https://www.thisdaylive.com/index.php/2021/01/22/meristem-unveils-economic-outlook-report-bullish-on-stock-market/?utm_medium=Email&utm_source=Zenter-System&utm_campaign=%2321352+%3D%3E+MORNING+NEWS+HEADLINES&utm_content=91703c13d2a63a3ec463db5ebbebfe405601c186


MINING SECTOR:
FGN diverting interests to Agriculture and mining sector....
Maybe this could be of interest to some as well.......Was mentioned here last year too:

https://www.miningreview.com/gold/an-in-depth-look-at-the-current-state-of-mining-in-nigeria/

https://www.nairaland.com/5962052/fg-inaugurates-gold-refinery-boosts#91256484
cc: Prof2007

Musty4ahmed1:
I have filled and scanned the E-dividend form to their email and also submitted one copy to my bsnk. Please how long can it take before I get credited? And will they pay my previous unclaimed dividend with the actual value of the share when it was sold to Olams? Thank you.

As soon as your e-dividend form is mandated. By the second day you should start seeing pymt alert.
I dont think Dangflour was a Dividend paying stock, but you'll be credited all that's accrued to you.
You can direct the question to the Registrar as well.

richmanrichard:
pls my shares is exactly 12yr+6 months now.do you think i can still get my dividends?

You can give it a trial.

Click on the link posted above, type your name there to see if there's any stock in your name. That's the first step.

jcflex:
Thank you for this information,
please how do I go about retrieving the shares.

and on Skye bank delist from NSE, I thot Polaris bank taking over of Skye bank should also include Skye bank shareholders.

Search for DAARCOMS registrar online.
Send mail to them to confirm.
Contact your broker for the share transfer or other necessary actions to take.

For Skye Bank, yes, Polaris took over Skye Bank BUT did not take over the defunct bank's shareholders, so it's a bad investment cos the shares were waste.

jabor4Naija:
.
I just know I bought d shares from oceanic bank, don't really know more dan dat

If you know the stockbroker and still active, contact them.
If you don't, send mail to CSCS to make inquiry from them : info@cscsnigeriaplc.com
OR
Contact@cscs.ng

You can also type your name type here and see if it appears with any particular stock, then come and give feedback. It's for unclaimed Dividends anyway.

https://sec.gov.ng/non-mandated/

jabor4Naija:
.
I have checked through but stillll can't find my name, I bought way back in the university, all I can remember is that I bought it from oceanic bank. So what do you suggest I do?

What's the name of the stock?

Grandest:
I received the alert 9am the next day that I've been debited. But the money in question wasn't transferred to my UBA account rather I got a message that says "your account has been debited with ₦20,000 by FBN/PAYARENA.
Please what do I do? Why did I get debited by payarena? I've never used payarena.

It should automatically reverse.
If not, go to another branch of First Bank to lodge the complainant.
You should fill a form in which they'll use to tract the transaction, reconcile it and credit your acct back.

kema01:
Thanks for the above post... I can't find my names. Though, my share certificates are still with me. It's over 16 yrs now. What should I do next 2claim my shares.

Do you have a broker before?
Is the broker still in business?

If YES, contact your broker for dematerialization of your certificates.

If NO, you have to open account with an active stock broker, fund it and take the certificates to them to convert for you.

After dematerialization, you can then sell or hold the stock.

JWhite2Deep:
Please, would one require to go to the bank to sign and stamp before scanning and sending the e-dividend mandate form to your registrar involved?

No. Not necessary EXCEPT a particular Registrar specifically demands for that......then you have to take your form to the bank for endorsement.....BUT quite a lot won't request for this again.

jcflex:
@op is this also applicable to Public offers,
I remember I bought DAAR Communication public offer back in 2007/2008 both mine and my Mum.
i also bought Skye bank share back then. i don't have the certificate of this shares as at now. due to relocation up and down

Yes. It's applicable to Public offers as well.

However, both stocks mentioned here had/have issues.
Though DAARCOMS is still listed, you can still retrieve your shares BUT no dividend payment from the coy.
As for Skye Bank, it's been delisted on NSE. That's one bad Investment you might have made.

Musty4ahmed1:
Thank you ma. So who do I contact to pay me, Olam or Dangote?

It doesn't concern Olam or Dangote.

You have to contact Dangflour Registrar, EDC Registrars by filling their E-dividend form, scan and send to their e-mail address:
info@edcregistrars.com
CC: oakinrefon@edcregistrars.com

Remember to do follow up.

DaBogu:
Good evening ma, I read here in line with the new CAMA that shares more than 12yrs CANNOT be redeemed. Can you confirm this?

Pls note the difference.
It's not shares but DIVIDENDS.

After 12yrs, unclaimed dividends will be forfeited but your shares remains, you can reclaim your shares in as much as you have evidence of purchases.
You can however give it a trial, who knows....

If at all you don't have, you can contact CSCS or your broker ......but you need to first search for your name on SEC portal with below link.

https://sec.gov.ng/non-mandated/

Musty4ahmed1:
Thank you so much. God bless you. Please when did Olams acquire Dangote shares?

Around Oct. 2019
They offered and paid shareholders exit price of N24 per share.

https://www.google.com/amp/s/www.vanguardngr.com/2019/11/olam-completes-acquisition-of-dangote-flour-mills/amp/

femo86:
I saw my Name ooooo
But seems DangoteFLOUR don pack up...not listed on the stock market again

Dangflour was bought over by another firm and all shareholders paid off.
Download, fill and send your E-DIVIDEND form to EDC Registrar.
Once your form is accepted and mandated, they will calculate what's due to you and credit your bank account with it.

Follow up is important.

Musty4ahmed1:
This is highly informative. I have just downloaded the e dividend form from my registrer EDC formerly Oceanic registrers. However I have few questions please, I have not received any dividend on my share since 2009, 1.I bought Dangote flour mill shares, are they going to credit my account iwith my unpaid dividend since 2009?
2. What is the current value of the dividend paid since 2019?
3. Can my dividend be paid to other bank apart from ECO bank which seems to be the parent bank of EDC?

1. Dangflour has been acquired by Olams and delisted on NSE.
Download and fill their Registrar's E-dividend form and send to them via mail.
They will calculate whatever is due to you up till when it was purchased.
2. Dangflour registrar has the answer.
3. Yes. Your dividend can be paid to other bank. Only ensure that the name tallies with the name used in purchasing the shares.

CeCeEkol:
Just tried it now, inputed my name and nothing came up! what next please?

Google the Registrar for each company share you have.
Contact the Registrar.

NaMeAboki:
I completed my forms and submitted to my bank (FCMB) before the 28/02/18 SEC e-dividend deadline; but have not received any thing since then.
Have subsequently made enquiries at the bank but they seem to not know anything about the matter and quite nonchalantly redirected me to go to my registrars instead (which I've not done yet).
Surprisingly; after entering my name in the SEC search platform only two out of my shares emerged - in contrast to all four when I last logged into the said platform back in 2018; I am now concerned whether those shares are still intact or lost to fraud.

What should I do?

FCMB as a bank may not be able to assist you.
Contact FCMB registrar instead.
Cardinal Stone Registrar.

Capernum:
Please. Someone help. I just search for my late dad's name and I found his name with African prudential registrars. I have downloaded the forms. Please what is next?

Remember that he is dead, how do I get his without fail? BluntCrazeMan please help

@emmasoft may be of help here.

Search for the moniker and direct the question to him.

harmony75:
ok thank you the dividend was littered in the house with all these dubious stockbrokers what do I do!?

If you have the share certificates, go and open an account with an active broker BUT you have to explain your ordeal to them so they can handle it appropriately for you.

They'll open another account for you and use your existing CHN instead of opening new one for you.
Then they'll proceed to dematerializing the certificates for you.
You have to persevere cos it will involve some forth and back but just endure till it's sorted for you.
May cost you some change too.

Cantonese:
If the dividends expire what happens to the shares? Do they expire too?

No. Shares don't expire.
Contact appropriate Registrar for the shares you have.

johnsurvive:
I have fist bank and UBA share with certificates but can't find my name on the list when I checked using the given link. What can I do

Contact first registrar's for first Bank shares and Afriprud for UBA to lodge your complaints.
Contact First Registrars on : info@firstregistrarsnigeria.com
and
Afriprud on : cfc@africaprudential.com

If you're closer to their office, visit them.

iretemide:
please, I bought my own @ then skye bank .
I didn't see my name there.
How can I retrieve mine

Sorry Skye Bank is defunct now, it's been delisted.
I doubt if you can get anything again.

KosiGee:
I have started the process but I just noticed that Firstbank e mandate form is on pdf. They also require that a passport photo be attached with customers detail written behind it.

There seem to be no option of completing the form, scanning and emailing it especially for those who are not in Nigeria.

Stumbled on this thread and feel like contributing on the little I know.

To your question:
There's always a way of completing the form.
- Print the form
- Fill it
- Attach passport in the passport column
- Scan filled form
- Send to info@firstregistrarsnigeria.com
- Be doing follow up

ukay2:
Why are Shell, Total etc selling

Could be due to many reasons, ranging from - local content (NCD), the need to give up some assets to be able to focus more on others, location of asset, militant issues, etc.
The particular asset, OML 17 was owned by FG 55%, Shell 30%, Total 10% and ENI 5%.
FG retains her share while transcorp buys over the 45% belonging to the three.
The locals may be able to handle it much better. Doesn't mean there's issue with the asset or with Shell.
This is the way I view it from my amateur's
perspective anyway.

@Intendy
Compliment of the season!
Wow! The type of stocks that graced your 52wks high list though!!
This life eehhnnn. Never say never......

onegentleguy:
Ur welcome dear!!
Troublemaker to the part in intalics... just kidding.

Btw, u have been doing wonderfully well. ...I'd like to encourage u keep up the good work!! Cheers

Boss, I don't in any way imply that ooo, just joking ..........but if you say those posting epistles are "troublemaker", then I'm also one too.
Thanks for your encouraging words sir. Learning from you bosses.
**post edited**

onegentleguy:
Yes, the 1st list (a)... those with greater weight of value drive/prospect is absolutely cool, irrespective of whether they'd eventually be a standalone coy or not.

I think there's the need to be more clearer about this recommendation to the guy sir..... especially if he/she is a newbie, to avoid blame game........though I know very well that you know what you're saying.

I think he should balance his investment portfolio by earmarking certain percentage to insurance if he wishes to play in that sector while a larger part goes to dividend paying stocks.

Just my humble opinion sir.