You are truely back. Hbd

currentprice:


at least better than those previous years released report but not too good compare to the current market condition.

my bedsheet Fp is N25 for this stock though am expecting mkt to overprice the stock above the fp cos the report comes with good oxygen.

_{^{Note; dont expect any solo move for now.}}

http://www.nse.com.ng/Financial_NewsDocs/31162_BUA_CEMENT_PLC-_QUARTER_2_-_FINANCIAL_STATEMENT_FOR_20.pdf

The unbundling of UPDC and UPDC REIT is dead on arrival

Ogg,help touch light on UACN

Custodian and Allied Insurance is now the core Investor of UPDC and UPDC REIT

Never trusted the management of UACN from day one

Oga,what is our faith on UACN

emmanuelewumi:
Custodian and Allied Insurance is now the core Investor of UPDC and UPDC REIT

Please, What does this hold for shareholders of UACN?
And how will UACN utilize the proceeds from this transaction?
Exceptional dividend? lol
Fingers crossed

emmanuelewumi:
Custodian and Allied Insurance is now the core Investor of UPDC and UPDC REIT

You mean Custodian investment PLC

Good news.

OBAGADAFFI:


You mean Custodian investment PLC

Good news.

How?

emmanuelewumi:
Never trusted the management of UACN from day one

I think the UACN management were just looking for buyers for (UPDC and REIT).

Custodian gave them a good deal.

OBAGADAFFI:

I think the UACN management were just looking for buyers for (UPDC and REIT).
Custodian gave them a good deal.

Please, What does this hold for shareholders of UACN? And how will UACN utilize the proceeds from this transaction? Exceptional dividend? lol Fingers crossed

OBAGADAFFI:

I think the UACN management were just looking for buyers for (UPDC and REIT).
Custodian gave them a good deal.

Please, What does this hold for shareholders of UACN? And how will UACN utilize the proceeds from this transaction? Exceptional dividend? lol Fingers crossed

sky2891:

Please, What does this hold for shareholders of UACN?
And how will UACN utilize the proceeds from this transaction?
Exceptional dividend? lol
Fingers crossed

This depends on what UACN wants to offer shareholders.

But UACN is unattractive.

It is better to take position in UPDC and REITs.

Just my opinion

Flour Mills Analysis...

sky2891:

Please, What does this hold for shareholders of UACN?
And how will UACN utilize the proceeds from this transaction?
Exceptional dividend? lol
Fingers crossed

This means you are at the mercy of the managers of UACN they may pay you a special dividend if they are born again. If they are not born again they may pilfer the proceeds from the sales of UPDC and UPDC REIT via reinvestment in the business.

Speculative investment can be very risky. UACN management hasn't done anything illegal though. They didn't sign agreement with any shareholder to buy UACN because of the unbundling. Everyone was just speculating.

emmanuelewumi:
Never trusted the management of UACN from day one

To imagine that you spoke about probable asset stripping by the new managers months ago.

Is it still profitably existing?

Salvationone:
Ogg,help touch light UACN

make una dey paste am na,as e dey hot.http://www.nse.com.ng/Financial_NewsDocs/31164_U_A_C_N__OF_NIGERIA_PLC.-CUSTODIAN_SIGNS_BINDING_AGREE.pdf

http://www.nse.com.ng/Financial_NewsDocs/31163_CUSTODIAN_INVESTMENT_PLC-CUSTODIAN_INVESTMENT_PLC_SIGN.pdf as e dey hot.

jideflash:
Since this house is becoming boring as investors are scared. Let's play a game daily for the week;

Predict just one stock that will gain or loss today with exact change percentage, winner gets 500naira credit. All entries should come before start of trade today.

Can I predict a stock that will loose another 10% tomorrow to win #1,000 airtime from you?

talk2me2:
House I want to sincerely appreciate Jideflash for keeping to his promise. He has just credited my line.

Thank You Jideflash.

You see your life?
You no fit dash me #100 airtime from the #500.

Better no go there again.Tomorrow na my own turn.

chibjohn:
Flour Mills Analysis...

Excellent Sir (I'm assuming you are a sir)...
Please make my day by telling me you made this chart yourself......

Custodian will now own 51% of UPDC, what percentage share of the company will UACN have.


Assuming the unbundling will continue, based on the new holding of UACN in UPDC, what will the new share allocation ratio for UACN shareholders in UPDC?


What is the new holding of UACN in UPDC REIT based on the recent development

emmanuelewumi:
Assuming the unbundling will continue, based on the new holding of UACN in UPDC, what will the new share allocation ratio for UACN shareholders in UPDC? What is the new holding of UACN in UPDC REIT based on the recent development

Note the bolded Statement from UACN MD Fola Aiyesimoju

Folasope Aiyesimoju, Group Managing Director of UAC, said:
“The Transaction is a significant step in achieving our objectives for UPDC. In 2018, the Board and management of UAC embarked on a strategic review to evaluate the performance of the company and its subsidiaries. The objective was to achieve sustainable positive financial performance from our existing operations and enable management focus on businesses that align with our strategy. In reviewing UPDC, the Board weighed the long-term opportunities in the Nigerian real estate sector against the fundamental differences between the cash flow profile and capital needs of UPDC and those of the other entities in UAC’s portfolio. Following its review, the Board concluded that it would be in the best interest of UAC to exit its interest in the real estate sector,allowing UPDC to operate as a standalone legal entity, free to source appropriately structured capital and to unlock value for its shareholders.

In September 2019, the Boards of Directors of UAC and UPDC jointly announced three significant strategic initiatives aimed at strengthening UPDC and positioning the company to operate as a standalone entity. This included a rights issue to recapitalise the business, plans for UAC to transfer UAC’s equity interest in UPDC pro-rata to UAC’s shareholders (“UPDC Unbundling”), and plans for UPDC to unbundle the UPDC REIT to its shareholders (“UPDC REIT Unbundling”). The ₦16 billion UPDC rights issue was successfully completed in April 2020, proceeds of which were used to reduce borrowing costs and significantly improve UPDC’s capital position.

In the process of progressing the unbundling initiatives, UAC received a credible offer from Custodian. The terms of the offer compelled the Board to re-evaluate the planned approach to deconsolidate UPDC and influenced the Board’s decision to proceed with the sale of a portion of UAC’s interest in UPDC to Custodian, effectively putting an end to the UPDC Unbundling. We are delighted about the positive impact that a strong anchor shareholder like Custodian will have on UPDC and are focused on ensuring a smooth transition.”

onegentleguy:

Stop shining teeth jor

Tvegas:


Note the bolded Statement from UACN MD Fola Aiyesimoju

Folasope Aiyesimoju, Group Managing Director of UAC, said:
“The Transaction is a significant step in achieving our objectives for UPDC. In 2018, the Board and management of UAC embarked on a strategic review to evaluate the performance of the company and its subsidiaries. The objective was to achieve sustainable positive financial performance from our existing operations and enable management focus on businesses that align with our strategy. In reviewing UPDC, the Board weighed the long-term opportunities in the Nigerian real estate sector against the fundamental differences between the cash flow profile and capital needs of UPDC and those of the other entities in UAC’s portfolio. Following its review, the Board concluded that it would be in the best interest of UAC to exit its interest in the real estate sector,allowing UPDC to operate as a standalone legal entity, free to source appropriately structured capital and to unlock value for its shareholders.

In September 2019, the Boards of Directors of UAC and UPDC jointly announced three significant strategic initiatives aimed at strengthening UPDC and positioning the company to operate as a standalone entity. This included a rights issue to recapitalise the business, plans for UAC to transfer UAC’s equity interest in UPDC pro-rata to UAC’s shareholders (“UPDC Unbundling”), and plans for UPDC to unbundle the UPDC REIT to its shareholders (“UPDC REIT Unbundling”). The ₦16 billion UPDC rights issue was successfully completed in April 2020, proceeds of which were used to reduce borrowing costs and significantly improve UPDC’s capital position.

In the process of progressing the unbundling initiatives, UAC received a credible offer from Custodian. The terms of the offer compelled the Board to re-evaluate the planned approach to deconsolidate UPDC and influenced the Board’s decision to proceed with the sale of a portion of UAC’s interest in UPDC to Custodian, effectively putting an end to the UPDC Unbundling. We are delighted about the positive impact that a strong anchor shareholder like Custodian will have on UPDC and are focused on ensuring a smooth transition.”

Thanks for the observation. UAC should just sell all their holdings in the company.

With this transaction Custodian will own 51%, while UACN will own 40% of UPDC

Tvegas:


........in the process of progressing the unbundling initiatives, UAC received a credible offer from Custodian. The terms of the offer compelled the Board to re-evaluate the planned approach to deconsolidate UPDC and influenced the Board’s decision to proceed with the sale of a portion of UAC’s interest in UPDC to Custodian, effectively putting an end to the UPDC Unbundling. We are delighted about the positive impact that a strong anchor shareholder like Custodian will have on UPDC and are focused on ensuring a smooth transition.”

So they where looking for investoers, whlie telling us the want to Unbundle.

Well i am happy that Custodian got the large chunk.

DrAwo:


Excellent Sir (I'm assuming you are a sir)...
Please make my day by telling me you made this chart yourself......

Thanks.
I did it myself. The inspiration to post it was from you.

emmanuelewumi:
Custodian will now own 51% of UPDC, what percentage share of the company will UACN have.


Assuming the unbundling will continue, based on the new holding of UACN in UPDC, what will the new share allocation ratio for UACN shareholders in UPDC?


What is the new holding of UACN in UPDC REIT based on the recent development

So what is the hope of the unbundling gengs?

aremso:


So what is the hope of the unbundling gengs?

I learnt there would not be any unbundling again.

I think the new Investors will turnaround UPDC