emmanuelewumi:

It means the stock is worth N4.00 or more, some big guys or institutional investors want to increase their holdings in company, the easiest way to achieve this is through a right issue. Tony used similar strategy to buy over 1 billion units of UBA shares and another 500 million units of United Capital shares

Well from my little observation, the some right issues done on the floor in last six mouth, always end up lower .


It seem to me the companies might be over-valuing the company's shares.

Intendy:


You are right to some extent,but NO law stipulates that right issue price should be lower than that of the secondary market.
The board got approval from the same shareholders of the company. LOL
Many that even fixed right issue prices below what it's trading for on the floor still got battered and dipped below right prices.
It's left for investors to decide which way he wants to go.
As for me and my house na Jump over mode for this kain stock that is if I even have it.
Though one can reevaluate to know if he should pick up some of his right or all or not to pick after reevaluating his/her portfolio and valuing the company over again.

Those shareholders might just be rubber stamps

OakPearl:


You are correct to think rights issue should be lower as it has always been.
But it's not also wrong for rights issue to be more expensive than the market price. It's simply a thing of perspectives. The market thinks it should cost N1.76 at the moment, but the owners or major stakeholders values it at N3.00 per share perhaps with a futuristic timeline, that may be based on information exclusively at their disposal. If they are right in their valuation, it will certainly reflect in their performance/results, and the market will definitely revalue it. But should the market be right, then that becomes their cup of tea.

So in conclusion the market is the King here.

emmanuelewumi:


Can someone help me with the number of fully paid Shares of UAC property.

I have 1.1 billion shares, at N1.80 per share that means the whole company is valued at[b] just N2.2 billion[/b].

....Just ?
- Are you living in that flat in IKOYI..... ?
- Magu get real work....

DeRuggedProf:
I love the power of TA.
- This morning, BullBearMkt dropped a TA Chart on STANBIC, though he deliberately forgot to credit our accounts to take advantage, he got it spot on.
- TA at least eliminates emotions, a key stumbling block to trapping the millions crossing our screens daily.
- TA most times is like a pregnancy test strip, we may have periods of denial from the girl ( just like intra-day price pullbacks) but that does not impede the baby's development...
- TA gives the insiders away easily...

...When you follow fxuser, Intendy & of course DeRuggedProf posts and combined them together, they give out the clue & you have little work to do in your analysis!!!

DeRuggedProf:


....Just ?
- Are you living in that flat in IKOYI..... ?
- Magu get real work....

From my findings the company has 1.1 billion shares, someone should confirm if the figure is correct

emmanuelewumi:
From my findings the company has 1.1 billion shares, someone should confirm if the figure is correct

1.72bn

OBAGADAFFI:


Well from my little observation, the some right issues done on the floor in last six mouth, always end up lower .


It seem to me the companies might be over-valuing the company's shares.




Those shareholders might just be rubber stamps





So in conclusion the market in the King here.

.

80% or more of rights bought in the last one year are bought by management and institutional investors, not retail investors like you and I

BullBearMkt:

1.72bn

1,718,750,000. So the rights is going to be one for one

BullBearMkt:

1.72bn

.


Thank you

http://nairametrics.com/sec-says-you-have-till-june-30-to-use-this-portal-to-claim-back-lost-dividends/?utm_source=&utm_medium=twitter

very nice one

Intendy:
http://nairametrics.com/sec-says-you-have-till-june-30-to-use-this-portal-to-claim-back-lost-dividends/?utm_source=&utm_medium=twitter

very nice one

Wow

I never knew I got some unclaimed dividends​ till I searched the link.
Thanks

The Commission also wishes to remind the investing public on the deadline of 30thJune, 2017, which will mark the end of issuance of physical dividend warrant, with a view to mitigating the risks associated with physical dividend warrants and improving investors’ experience.

Furthermore, the 30th June, 2017 dateline will see the end of free registration of e-dividend, being bank-rolled by the Commission since the inception of the exercise in November, 2015. Hence, members of the investing public are encouraged to urgently key into the on-going free registration.

Intendy:
http://nairametrics.com/sec-says-you-have-till-june-30-to-use-this-portal-to-claim-back-lost-dividends/?utm_source=&utm_medium=twitter

very nice one

This is GREAT OOOO! I get shares in many of these 0.50 stocks self? I never knew...

House, how do I go about claiming dividends on stocks bought through brokers I've lost their details, like my CHN? Will my existing CHN and Account No work?

Thanks Intendy...

OBAGADAFFI:


Wow

I never knew I got some unclaimed dividends​ till I searched the link.
Thanks

You're welcome sir,a very nice initiative from them.The journey is getting easier.

Intendy:
http://nairametrics.com/sec-says-you-have-till-june-30-to-use-this-portal-to-claim-back-lost-dividends/?utm_source=&utm_medium=twitter

very nice one

Highly appreciated info.

FBNH

Am on duty tomorrow for this stock. , its crossed key SMA averages, except 50 SMA, which i beleived will blow pass tomorrow in break out mode


@fxuser abeg look am well well


k

Is there a way to get shareholders number for stocks bought on the floor. Cos that's one thing the bankers in gtb keep asking anytime I go to sign this sec edividend mandate form. That without it there upload won't work.

,

debeey87:
Is there a way to get shareholders number for stocks bought on the floor. Cos that's one thing the bankers in gtb keep asking anytime I go to sign this sec edividend mandate form. That without it there upload won't work.

The registrars to the particular stock will be glad to help only if you can convince them that you are the rightful owner of the holding with some little questions that they'll ask you.All this can be done via phone call.

BullBearMkt:

This is GREAT OOOO! I get shares in many of these 0.50 stocks self? I never knew...

House, how do I go about claiming dividends on stocks bought through brokers I've lost their details, like my CHN? Will my existing CHN and Account No work?

Thanks Intendy...

Registras always have your information.

All you need is a proper ID i.e Int Passport, National ID or driver's license.

Intendy:


You're welcome sir,a very nice initiative from them.The journey is getting easier.

In fact I was shocked seeing my forgotten unclaimed dividends​, by just typing my Name in the search bar.


Nigeria is getting better.

debeey87:
Is there a way to get shareholders number for stocks bought on the floor. Cos that's one thing the bankers in gtb keep asking anytime I go to sign this sec edividend mandate form. That without it there upload won't work.

Most stock brokers got online portfolio for clients, there you can find your complete units of every stock you have.

If not, demand for a CSCS statement from your stockbroker, everything you have will be listed.

OBAGADAFFI:


Most stock brokers got online portfolio for clients, there is can find your complete units of every stock you have.

If not, demand for a CSCS statement from your stock broker, everything you have will be listed.

I saw my name but i bought from the primary market long long time ago....what step do i take?

Tritri:


I saw my name but i bought from the primary market long long time ago....what step do i take?

Just write down the account number, company name and visit the register listed there with a proper ID.

Every information is on the page.

emmanuelewumi:

It means the stock is worth N4.00 or more, some big guys or institutional investors want to increase their holdings in company, the easiest way to achieve this is through a right issue. Tony used similar strategy to buy over 1 billion units of UBA shares and another 500 million units of United Capital shares

yhuup sir
institutional liquidity generated wt N3 entry barrier
corporate finance engineering

kentoto:

FBNH

Am on duty tomorrow for this stock. , its crossed key SMA averages, except 50 SMA, which i beleived will blow pass tomorrow in break out mode
@fxuser abeg look am well well
k

lol
crossed 50ema oh , even kissing 200ema
nice breakout !

All d stocks i bought tru Morgan capital n held tru dividend payments last yr, my name no de dere bt all d coys I bought wit my former broker are dere. Why is morgsn's own not showing?

jp130:
All d stocks i bought tru Morgan capital n held tru dividend payments last yr, my name no de dere bt all d coys I bought wit my former broker are dere. Why is morgsn's own not showing?

Same here. Morgan needs to do something.

Good morning good people of a great nation, please I checked that sec site and I am seeing my name on 4 companies but with different account numbers and also the arrangement of the names differ in each case. How do I know which is mine since I don't have the account number to verify.
Thanks

BullBearMkt:
WONDERING IF IBTC SOARING WILL INTEREST YOU...

-Daily and Weekly charts are bullish
-Presently looks overbought and close to resistance at 18.80
-Could be a good play if price pullback to value zone OR break above resistance (on high volume)...


Disclamer: This post is purely based on technical analysis and is the opinion of BullBearMkt. Due diligence should be carried out accordingly.


Hope you all had a wonderful Easter holidays...

There has been a break out already.
Next resistance is around 23.00

jp130:
All d stocks i bought tru Morgan capital n held tru dividend payments last yr, my name no de dere bt all d coys I bought wit my former broker are dere. Why is morgsn's own not showing?

austinkenneth:


Same here. Morgan needs to do something.

jp130:
All d stocks i bought tru Morgan capital n held tru dividend payments last yr, my name no de dere bt all d coys I bought wit my former broker are dere. Why is morgsn's own not showing?

I guess the companies that could not be are those ones that have been registered for EDIVIDEND with the various registrars . The only company I saw was LASAFEVER (LASACO). But you can verify

DANGOTE Flour Mills, yesterday, announced it has exited its noodles business and has sold the assets of Dangote Noodles to Dufil Prima Foods, makers of Indomie noodles.

Read more at: http://www.vanguardngr.com/2017/04/dangote-flour-divests-noodles-business-cedes-assets-dufil/