The UNVEILING of the JEWEL has been done...

ProphetUtuocha:
UBA is a rare jewel. Of all one's holdings, never neglect this modern day gem! In due course, it will stand out among its peers and blossom like the stars!

onegentleguy:
Why do I get the feeling that like OANDO, DS/NASCON (Dangote foods) will also play a fast one on most folks.
...it too, will come like a thief in the night... and then the time of reckoning!

To all those who subscribed to my outline/recommendations and investment guide--Series 1, you may wish to revisit your outline under the heading "other classified market based information & guide-- what you should know" to help serve as a reminder. (on DS/NASCON)
Same heading I also did a brief on OANDO.

Pls be guided accordingly.
Regards

onegentleguy:

If truly you have a stake in the coy, it'd be better to hold at this time. You can average down at key price points if you're good in TA, otherwise do nothing. But don't sell at a loss. ...especially if you don't have a pressing need for fund.

Same goes to all those who genuinely are in it. (not those who claim to be)

PA and volume distribution is already showing that the asset price is near a FVZ.
...before you will come back here to lament.

"The reason most analysts 'will sing songs of FEAR, is because they are ready to dance to a different melody of GREED and also do the opposite after having you dance to several rocks of excitement'.
...the key lies in knowing when to draw a thin line between and adjust your footsteps accordingly."
~Sinclair

"If there's one thing to learn from the stock market, it's the fact that those who know WHEN and HOW to 'take their necessary but required drug of patience' hardly 'fall sick'.
...the market often tend to reward them with the passage of TIME!"
~Sinclair

So DF is now on full bid despite the recently released poor financial print.
Just hope some folks headed to the advice above.

Technicals may be pointing to something futuristic.
...that thing may come like "a thief in the night" and take the unprepared minds by surprise.

Again, this is NOT an investment advice. ...due diligence still applies as always.

Selah

Princkez:
bought some little quantity then @#18

Congratulations dear!

Regards

Omooloriredade:


Providus bank was delisted on 21-03-2022 according to the NASD website.
Reason for delisting - converted to a private Limited Liability Company.

Thanks for the update. They are most likely going to be listed on the exchange.

Sugar and Salt Faithfuls, it's like our time has come 🥲🥲🥲🥲

Omooloriredade:


Providus bank was delisted on 21-03-2022 according to the NASD website.
Reason for delisting - converted to a private Limited Liability Company.

At what price did they delist?

Ginalex:
Sugar and Salt Faithfuls, it's like our time has come 🥲🥲🥲🥲

Never loud am... Alhaji and FG don fight finish?

Ginalex:
Sugar and Salt Faithfuls, it's like our time has come 🥲🥲🥲🥲

Any update? DS and NASCON on lock down

enibal:



Try submitting the form via your laptop browser. It did not work using my phone

Check also if you missed any information

Thanks.

It's tiring! It keeps saying unable to log mandate.

It appears there is a fee to be paid. How did you hanfle that? Was there a page where payment is made after submitting the form?

sterlingD:

Any update? DS and NASCON on lock down

Just talking based on the full bid in both stocks

megawealth01:


So who are those thieving the thing without government's clearance?

they all work together infact the bunkering system is far more complex than before.....In 2006-2007 it was easy for me to have access to those into the trade but now the military and the cartels has changed the game and I see them as a front for the elites. In the last administration I heard about the adamawa boys but didn't dig deep about them.

Bunkering business always evolve in every administration,there will always be new cartels in every administration.everybody wan drink the blood money.

unite4real:


Wema Bank is the pioneer of fintech banking in Nigeria with ALAT since 2017.

https://www.google.com/url?sa=t&source=web&rct=j&opi=89978449&url=https://www./overview-fintech-evolution-nigeria-samuel-muoto&ved=2ahUKEwjF9PPm0u6HAxWVUkEAHUgOKEEQjjh6BAgdEAE&usg=AOvVaw3yNTYZxSeFevZqKdYA1Opr

As at then Alat was a B2C (Business to customer) while that of Providus is B2B (business 2 business). Then, with Alat, customers open limited digital account with Wema without owning a direct account with the bank. For Providus, they onboarded fintech partners with super agent licenses like Monnify who then onboarded smaller agents like Fairmoney who now service individual customers depending on their products. I know this because I initially wanted to float a fintech product.

KarlTom:
The UNVEILING of the JEWEL has been done...

Not necessarily the one he referred to as another jewel

Bizibi:
they all work together infact the bunkering system is far more complex than before.....In 2006-2007 it was easy for me to have access to those into the trade but now the military and the cartels has changed the game and I see them as a front for the elites. In the last administration I heard about the adamawa boys but didn't dig deep about them.

Bunkering business always evolve in every administration,there will always be new cartels in every administration.everybody wan drink the blood money.

So na them them sef

Omooloriredade:


I wish I had an answer for you. However, a successfully recapitalised bank should fetch a premium to the value of the old bank. Reason for that is that negative equity is wiped, debt paid off and balance is used as Tier-2 capital. Please don't get me wrong. I'm not suggesting Unity bank shareholders will be worse off post-merger, of course not. My point is that Providus, a relatively new private bank on the scene is getting the better deal. Providus shareholders are the ultimate winners based on the merger ratio reported. CBN has given us an indication of how it values Unity bank in comparison to Providus. Why didn't they just bail out Unity separately?

Also note that, the enlarged entity will tap the market/existing shareholders/institutions for extra funds to meet the recapitalisation requirement. There may well be a SP pump post merger......wait is it going to be listed?

I hope I'm well understood. I wouldn't celebrate the merger but wait to see how it pans out except you already knew CBN had flagged the financial state of the bank and you're now relieved the worst is behind you. Then happy days ahead. I don't believe Unity bank shareholders will lose money. I question the merger ratio.

If I have managed to dribble my way out of answering your question directly, no vex o.

I guess this is how CBN rationalized it. I have a bank that wants to upgrade their license. I also have another with a national license that is about to go under, a bank that I have bailed out before, which means they need a new management and strategy. Since this new bank seems to be efficiently managed, why not combine the two, one would have the national license while the other will stay afloat with new management.

Heishere:


As at then Alat was a B2C (Business to customer) while that of Providus is B2B (business 2 business). Then, with Alat, customers open limited digital account with Wema without owning a direct account with the bank. For Providus, they onboarded fintech partners with super agent licenses like Monnify who then onboarded smaller agents like Fairmoney who now service individual customers depending on their products. I know this because I initially wanted to float a fintech product.

Why did you backout?

Heishere:


I guess this is how CBN rationalized it. I have a bank that wants to upgrade their license. I also have another with a national license that is about to go under, a bank that I have bailed out before, which means they need a new management and strategy. Since this new bank seems to be efficiently managed, why not combine the two, one would have the national license while the other will stay afloat with new management.

I think so too...

Nothing about the sharing formula is out yet...

All na speculations

Bbbwings:

Access

Ucap interim dividend
just dropped in my
Access.
Finally.

megawealth01:


So na them them sef

exactly na Dem Dem, infact every elite don touch that biz.

I'll advice that you update your browser.
I use Microsoft Edge browser.
No fee is to be paid...

GeeKudi:


Thanks.

It's tiring! It keeps saying unable to log mandate.

It appears there is a fee to be paid. How did you hanfle that? Was there a page where payment is made after submitting the form?

GeeKudi:


Thanks.

It's tiring! It keeps saying unable to log mandate.

It appears there is a fee to be paid. How did you hanfle that? Was there a page where payment is made after submitting the form?

You don’t need to pay but you will accept the vat charge or so

I had the same issue but it will work….. also check the file mb you upload

[quote author=ProphetUtuocha post=131465565]UBA is a rare jewel. Of all one's holdings, never neglect this modern day gem! In due course, it will stand out among its peers and blossom like the stars!


Thank you!!!!!!! Let me wait for a small dip today and re-enter

General Manager, SubSurface, Oando Energy Resources, Babafemi Onasanya... expressed that partnerships were not just critical, but essential to the development of the sector.

He highlighted the industry’s reliance on Joint Venture (JV) partnerships between operators and the Nigerian government, underscoring the importance of collaboration and shared goals.

“As more indigenous players take up prominent roles in the industry, they will need to secure key partnerships in critical areas for efficiency and sustainability.[i]
[i]“The first necessary partnership is with financial advisors/offtakers to either fund the capital-intensive nature of the business, or to provide advisory to source and secure funding.[i]
[i]“The second is a deliberate, engaging and adaptable partnership with host communities to encourage better dialogue and impact. Lastly, we need strategic partnerships with technology partners to address different areas of specialisation,”

Bagwa:
https://businessday.ng/energy/article/iocs-exit-offers-opportunity-for-increased-participation-of-local-oil-firms-oando/

No dip for you...

If you must reenter today, do it gradually...

[quote author=dapix post=131466780][/quote]

Bizibi:
exactly na Dem Dem, infact every elite don touch that biz.

So why waste fortunes on security on something they will still thieve?

KarlTom:
I'll advice that you update your browser.
I use Microsoft Edge browser.
No fee is to be paid...

I have tried it on Safari, on Chrome.

I will keep trying anyway.
Thanks

Princkez:
Prophet Don go Hawaii Island for holidays ooo

No be Hawaii o! Na Malta ProphetUtuocha suppose dey now dey enjoy him loot. 😂

leparj:


Ucap interim dividend
just dropped in my
Access.
Finally.

I see am.

megawealth01:


So why waste fortunes on security on something they will still thieve?

the security is for the big boys In the game,it is not a waste...... bunkering will never stop,na the easiest way to make money and very risky.

You call it waste, I call it two factor 'collection'...

megawealth01:


So why waste fortunes on security on something they will still thieve?