NuttyChoky:
If I exit FBNH today will I still get my N0.15K dividends?

mercylicious:
@unilever post, they planned to buy it at 44.50naira
2.) They have already started mopping the shares from the floor even b4 shareholders refused the deal, so they went from 50% to 58%

This meeting was held April 27th or so.

Coolcash1:


I almost did but something in me just said I should hold on. Thank God I obeyed. I don run Comot from the stock. Femi will not use my money chop isiewu...mmba.

RichYoungRuler:

Thanks for this info.

jp130:
plz sis mercy, cn i buy n sell in d same day using morgan itrade?

angelo82:
Why is UBA trading at 3.40 two weeks in a row?,break either support or resistance.

mercylicious:


Plz due diligence required.

jp130:
plz sis mercy, cn i buy n sell in d same day using morgan itrade?

jp130:
pple seams to b buying dis livestock gently. hmmm
sir Godisfaithful, plz cn i buy n sell d same day for morgan itrade?

angelo82:
Why is UBA trading at 3.40 two weeks in a row?,break either support or resistance.

mercylicious:


Yes

mercylicious:
@unilever post, they planned to buy it at 44.50naira
2.) They have already started mopping the shares from the floor even b4 shareholders refused the deal, so they went from 50% to 58%

This meeting was held April 27th or so.

jp130:
pple seams to b buying dis livestock gently. hmmm
sir Godisfaithful, plz cn i buy n sell d same day for morgan itrade?

NuttyChoky:
Today was a good day

mercylicious:
I jus entered unilever
http://thenationonlineng.net/shareholders-block-unilevers-bid-overriding-stake-unilever-nigeria/

Nigerian shareholders largely shunned a N43 billion share-acquisition bid by Unilever Overseas Holdings, United Kingdom aimed at acquiring a quarter of Unilever Nigeria’s shares to increase the multinational’s majority equity stake in the Nigerian subsidiary to 75 per cent.
The latest audit of Unilever Nigeria, scheduled to be presented to the company’s general meeting on May 12, indicated that Unilever UK’s total shareholdings in Unilever Nigeria only increased by 8.49 per cent from 50.04 per cent to 58.53 per cent after the conclusion of acquisition bid. Besides, Unilever UK had resorted to mopping up the shares of Unilever Nigeria through the Nigerian Stock Exchange (NSE).
Unilever UK now holds 58.53 per cent, 16.47 per cent short of the 75 per cent, through two holding companies-Unilever Overseas Holdings BV Holland, which holds 50.04 per cent and Unilever Overseas Holdings BV, which holds 8.49 per cent. Nigerian investors retain 41.47 per cent shareholdings in Unilever Nigeria.
“The total shareholding of Unilever Overseas Holdings B.V. increased to 321,395,410 following the Tender Offer to other Shareholders of Unilever Nigeria Plc and open market purchases made during closed periods in 2015,” according to the audit.
The Nation’s check indicated that Unilever UK holds a total of 2.214 billion ordinary shares of 50 kobo each out of Unilever Nigeria’s total issued shares of 3.78 billion ordinary shares of 50 kobo each. A breakdown showed that Unilever Overseas Holdings BV Holland holds 1.89 billion shares.
Under the extant laws, a 75 per cent equity stake would have given Unilever UK the overriding majority equity stake to undertake several strategic transactions including mergers, acquisitions, new capital issues and other major corporate changes with little or less resistance from Nigerian shareholders.
A shareholders’ leader who spoke to The Nation said they mobilised against the acquisition bid because Nigerian shareholders felt the bid was not fair and in the best interest of Nigeria. The shareholders’ leader cited shareholders’ resistance to similar move by GlaxoSmithKline UK, which was forced to abandon bid to acquire overriding majority equity stakes in GlaxoSmithKline Consumer Nigeria by acquiring shares held by minority Nigerian shareholders.
Unilever Overseas Holdings, the United kingdom-based foreign core investor in Unilever Nigeria, had in first half of 2015 sought to increase its majority equity stake in the Nigerian subsidiary from 50 per cent to 75 per cent, citing long-term strategic importance of Unilever Nigeria to its global business.
In a transaction initially valued at about N43 billion or £144.5 million, Unilever Overseas Holdings sought to increase its equity stake in the Nigerian company from 50.04 per cent up to a maximum of 75 per cent by buying additional shares from minority shareholders. The tender offer sought to acquire about 942.42 million ordinary shares in Unilever Nigeria at a price of N45.50 per share in cash.
In a statement signed by Richard Hazell, Director, Unilever Overseas Holdings B.V, Unilever had said it was making the additional share acquisition as part of long-term strategic plan by the conglomerate as it believes that Nigeria offers significant growth potential.
“The Unilever Group has had a major presence in Nigeria for many years and continues to believe that the country offers significant growth potential. This makes Nigeria a strategic long term investment priority for Unilever Overseas. Globally, the Unilever Group is focused on investing in the foods, household and personal care categories and the long heritage and great brands of Unilever Nigeria in these categories in Nigeria make it attractive for Unilever Overseas to increase its holding in Unilever Nigeria, whilst maintaining its stock exchange listing,” Unilever stated in the statement enclosed in the tender offer.

manie:



While Nigerian investors were busy reducing their holdings, these Foreign Direct Investors are thinking of increasing their holdings for strategic purposes.

Thank God they lost out with their bid in GSK and Unilever. Nigerian investors will not want a repeat of what happened with Nigerian Bottling Companies, whereby the core foreign investors delisted the company from the Nigeria Stock Exchange after acquiring 75% of the company. But the company did not deem it fit to exit the Nigerian consumer market, Nigeria Bottling Company products like Coca cola, Fanta, Sprite etc are still in top demand in the Nigerian market but Nigerian investors are not good enough to invest in the company.

manie:
http://newspeakonline.com/efcc-arrests-first-bank-executive-director-dauda-lawal-over-diezani-alison-maduekes-funds/




The Economic and Financial Crimes Commission (EFCC) has arrested Dauda Lawal, First Bank’s Executive Director, Public Sector over $55million allegedly received from former Minister of Petroleum, Diezani Alison Madueke, Sahara Reporters reports.

manie:
http://newspeakonline.com/efcc-arrests-first-bank-executive-director-dauda-lawal-over-diezani-alison-maduekes-funds/




The Economic and Financial Crimes Commission (EFCC) has arrested Dauda Lawal, First Bank’s Executive Director, Public Sector over $55million allegedly received from former Minister of Petroleum, Diezani Alison Madueke, Sahara Reporters reports.

edwardaigb:
I left fidelity bank tday at a lost, what a useless company.