https://www.cnbc.com/2020/02/10/asia-markets-coronavirus-china-inflation-data-chinese-manufacturing.html

Chinese stocks rise as investors monitor the virus’ potential impact on manufacturing

Chibuking81:
https://www.cnbc.com/2020/02/10/asia-markets-coronavirus-china-inflation-data-chinese-manufacturing.html

Chinese stocks rise as investors monitor the virus’ potential impact on manufacturing

There is hope for NSE

PETERiCHY:



UACN Property Development Company Plc (“UPDC” or the “Company”) has concluded arrangements to raise N=15.96 Billion via a Rights Issue (the “Rights Issue” or “Transaction”), to repay its short-term debt obligations and significantly reduce leverage. The Transaction is part of UPDC’s broader strategy to create long term shareholder value by recapitalising and repositioning the Company.

Shares in UPDC will be offered to existing shareholders whose names appeared in the register of members of the Company as at 30 September 2019 (the “Qualification Date”) in line with the Rules and Regulations of the Securities and Exchange Commission. The allotment will be on the basis of 43 new ordinary shares for every 7 ordinary shares held, at a price of N=1.00 per share.

https://www.vanguardngr.com/2020/02/updc-launches-n15-96bn-rights-issue/amp/

so those buying now won't get to share inside UPCD and UPDCREIT...

UACN price is suppose to fall lower

DeRuggedProf:


Old age should make you to be buying Vitafoam products, not their shares.....

Hahahahah, for grandchildren or what ?

Goodafternoon ; Please members, kindly post the link to doun load UPDC RIGHT ISSUE PROSPECTUS

Bids increasing for UACN............ Peter's MH paying off.

stcool:


so those buying now won't get to share inside UPCD and UPDCREIT...

UACN price is suppose to fall lower

Read the context again. This time around slowly...

30th Sept 2019 is the qualification date for the right issue and not UNBUNDLING of UPDC and UPDC REITS to IACN SHAREHOLDERS that will take place after the RIGHT ISSUE

PETERiCHY:


Read the context again. This time around slowly...

30th Sept 2019 is the qualification date for the right issue and not UNBUNDLING of UPDC and UPDC REITS to IACN SHAREHOLDERS that will take place after the RIGHT ISSUE

This job description is not easy ooo

PETERiCHY:


Read the context again. This time around slowly...

30th Sept 2019 is the qualification date for the right issue and not UNBUNDLING of UPDC and UPDC REITS to IACN SHAREHOLDERS that will take place after the RIGHT ISSUE

That's true

Mcy56:
Bids increasing for UACN............ Peter's MH paying off.

For the fact that the QUALIFICATION DATE was shifted back to 30th Sept 2019.

That simply tells you the NEEDED FUND is in place and all they have been waiting for is the regulators approval to formalise the RIGHT ISSUE in order for the UPDC & UPDC REITS UNBUNDLING to take place.

The info beneath dispicts the SHAREHOLDING STRUCTURE of UPDC

PETERiCHY:


Read the context again. This time around slowly...

30th Sept 2019 is the qualification date for the right issue and not UNBUNDLING of UPDC and UPDC REITS to IACN SHAREHOLDERS that will take place after the RIGHT ISSUE

UPDC is socialising it's "debt burden" with post right OS of about 18 billion shares!

PETERiCHY:


Read the context again. This time around slowly...

30th Sept 2019 is the qualification date for the right issue and not UNBUNDLING of UPDC and UPDC REITS to IACN SHAREHOLDERS that will take place after the RIGHT ISSUE

sorry...my mistake

Agbalowomeri:
That's true

Agba, its only you I blv......not Peter whose busy looking for 10-20% upandan.
I dont even understand the whole story still......

ASI has broken its support, brace for impact! I believe though that impact would be more on high CAP stocks like MTNN, DangCEM, NESTLE, STANBIC, etc. Anyways, time would tell, just my opinion. NSE surprises daily!

Harvestock01:


UPDC is socialising it's "debt burden" with post right OS of about 18 billion shares!

Followed by a 1: 10 reconstruction

Access Bank to List B15bn Green Bond on Luxembourg Stock Exchange
https://businesspost.ng/economy/access-bank-to-list-n15bn-green-bond-on-luxembourg-stock-exchange/

AIICO Insurance Mulls N3.5bn Rights Issue
https://businesspost.ng/economy/aiico-insurance-mulls-n3-5bn-rights-issue/

International Breweries Lists Another 18.3 Billion Shares on NSE
https://businesspost.ng/economy/international-breweries-lists-another-18-3-billion-shares-on-nse/

NSE Grows Value of Exchange Traded Funds to N6.9bn in 9 Years
https://businesspost.ng/economy/nse-grows-value-of-exchange-traded-funds-to-n6-9bn-in-9-years/

Nigeria Loses $10bn Revenue to Multinationals—FIRS
https://businesspost.ng/economy/nigeria-loses-10bn-revenue-to-multinationals-firs/

Oil Prices May Rally This Week on Russia’s Agreement to Further Cuts
https://businesspost.ng/economy/oil-prices-may-rally-this-week-on-russias-agreement-to-further-cuts/

Jesuit College's Oyindamola Aje Emerges Nigeria’s Best Science Student
https://businesspost.ng/education/jesuit-colleges-oyindamola-aje-emerges-nigerias-best-science-student/

Fintech Now Attracting Young People to Capital Market—SEC
https://businesspost.ng/economy/fintech-now-attracting-young-people-to-capital-market-sec/

Keystone Bank, Afreximbank, Others Promote African Creative Industry
https://businesspost.ng/showbiz/keystone-bank-afreximbank-others-promote-african-creative-industry/

Nnewi Deserves to be Full Manufacturing Hub in Nigeria—Moghalu
https://businesspost.ng/economy/nnewi-deserves-to-be-full-manufacturing-hub-in-nigeria-moghalu/

Think whosoever is in UACN should not be in a hurry to sell anyway, pls hold.............till these whole puzzle will clear.
4.4M bids against 985k offers as at now.................we see how the whole episode unfolds.............

DeRuggedProf:
This job description is not easy ooo

Lollll

debeey87:
Has anyone been able to visit any NSE website today? Mine shows service error.

Site is going now.

FCMB: Found support at 1.87........
Zee: 19.85.......
FBNH support broken, new support sighted at 5.85.......
Wapco: support still strong at 15 region so far............

bigjay01:


Queued up @ #8.05 but it didn't get to my turn. Will queue up at sub #8 2moro

Oga hope you got your fill before the RUSH HOUR?

Meanwhile the Douting Thomas that missed our UACN FLIGHT rightnow

konklushun:


Please how do I go about buying shares of UPDC REIT

With Lead Capital, I could place an order online, just like any other equity, by myself and it was executed.

UACN seems to have strong support at 8.45/8.50 now for whosoever is interested ................
If it goes South the more dont mention me and if it goes up, you pay me. I no dey monkey hunt.

Some guys defending transcorp by all means. Abeg allow make e fall reach our junction biko, na all of us go enjoy the ride las las.

I think the market is buying anything UACN....Livestock, UPDC, UPDCREIT

It would make people rich.

The equity price of Vitafoam Nigeria Plc was adjusted today 10th February, 2020 for a dividend of N0.42 as recommended by the Company board of directors. The last close price was N5.45, while the Ex-div price is N5.03

Stock with new 52 week lows
Eterna oil #2.10k
Stock with new 52 week highs
Law union #1.20k

Intendy:
Stock with new 52 week lows

Eterna oil #2.10k

Stock with new 52 week highs

Law union #1.20k

Ayam expecting access bank result any moment from now.

Mcy56:
NSE to Change Name Soon, as it Plans to Complete its Demutualisation Process.
The exchange recently in an email message to members, stated it would be holding an Extraordinary General Meeting with members of its council to hold a vote for the demutualisation of the bourse and then after, will list on its exchange.
However, this is part of the demutualisation process which President Buhari signed in 2018.
The demutualisation process would also see the company change its name from the Nigeria Stock Exchange to “Nigeria Stock Exchange PLC“. Members of the exchange are scheduled to vote on March 3rd to convert from a member-owned mutual organization into a public limited-liability company.

*Document removed*

Greetings all, How can one buy CSCS shares . Thanks

Customers Slam N7bn Suit on Adam Nuru-led FCMB
https://businesspost.ng/banking/customers-slam-n7bn-suit-on-adam-nuru-led-fcmb/

Financial Stocks Contribute 81% to NSE Weekly Trading Volume
https://businesspost.ng/economy/financial-stocks-contribute-81-to-nse-weekly-trading-volume/

Nigeria Sold $504m Crude Oil, Gas in November 2019—NNPC
https://businesspost.ng/economy/nigeria-sold-504m-crude-oil-gas-in-november-2019-nnpc/

Mpeace:
Ayam expecting access bank result any moment from now.

Hmmm...that result has at least another two weeks to spend in CBN starting from tomorrow. That's the minimum. Early March is a more realistic date.

This one wey brent sha wan kiss 50