BullBearMkt:
...the robot ban is over! I guess the system saw many posts after a long while & felt threatened

Happy to join my "family" back! How is market jare?

Welcome back home bro.

Dupeodus:


AIICO is a highly profitable company whose management is playing games with the minority shareholders. I strongly believe that there is a game going on with the intent of stealing a significant portion of the company to the majority shareholders at no cost to them. They got the shareholders to approve a Rights issue about a year ago at an EGM. They have not effected the rights issue. They really do not need the capital but it is part of the grand scheme to steal a significant portion of the company. At the last AGM, they got shareholders who never look at things critically to approve a technical agreement with an unknown company with no web presence. Think about that. A company that has been operating successfully for more than 70 years seeking technical support from an unknown company with no web presence.

On this latest H1 report, look at the "Other Investment Contract Liabilities" line on note 19(b). It increased by N1.3 billion in 2018. So far this year, it has increased by N1.5 billion. Both of these increases were by a charge to the profit and loss account. What is this liability that AIICO continues to increase by reducing their profit? How does it fit into their business. My guess is that this is where the management are housing the funds to use for the rights issue so they will not have to pay anything themselves. I am hoping they read this post so they will be forced to explain this line.

I have investment in AIICO. It's actually a major part of my Nigerian portfolio. [i]This is because I believe that at some point, all of these shenanigans will stop and the company will find its true values. [/i]At the present time though, I am grateful for an opportunity to continue to acumulate this company at a tissue paper price level.

My candid advise to you bro is to channel your hard earned resources in proven profitable companies with much more responsible management that will give you excellent returns.
Corporate governance is treated with kids gloves and the SEC we have has proven there is no protection for the ordinary shareholder.
Oando is sufficient case study.
Run bro, run!

Top 20 CEO Executive Compensation on the Nigerian Stock Exchange 2018
Highest paid CEOs in Nigeria earn N5.4bn as salaries in 2018

https://nairametrics.com/2019/07/29/highest-paid-ceos-earn-n5-4bn-as-salaries-in-2018/

Plus what is fair price of UAC. Plus will did price drop
based on TA
Plus house members I need your comment

Dipo you might want to correct this in your article.

Business Post reports that shares of UBA went down today at the stock market by 10 kobo or 1.69 percent to N1.80k per unit.

dipoolowoo:
2019 H1 Results: UBA to Miss July 30 Deadline
https://businesspost.ng/2019/07/30/2019-h1-results-uba-to-miss-july-30-deadline/

Unity Bank Grows Half Year Profit by 96%
https://businesspost.ng/2019/07/30/unity-bank-grows-half-year-profit-by-96/

100% subsidized subsidy.http://www.nse.com.ng/Financial_NewsDocs/27189_FORTE_OIL_PLC._FINANCIAL_STATEMENTS_JULY_2019.pdf

http://www.nse.com.ng/Financial_NewsDocs/27244_CUSTODIAN_INVESTMENT_PLC_FINANCIAL_STATEMENTS_JULY_2019.pdf http://www.nse.com.ng/Financial_NewsDocs/27239_CHAMPION_BREW._PLC._FINANCIAL_STATEMENTS_JULY_2019.pdf http://www.nse.com.ng/Financial_NewsDocs/27238_CONTINENTAL_REINSURANCE_PLC_FINANCIAL_STATEMENTS_JULY_2019.pdf http://www.nse.com.ng/Financial_NewsDocs/27234_INTERNATIONAL_BREWERIES_PLC._FINANCIAL_STATEMENTS_JULY_2019.pdf http://www.nse.com.ng/Financial_NewsDocs/27230_U_A_C_N__OF_NIGERIA_PLC._FINANCIAL_STATEMENTS_JULY_2019.pdf http://www.nse.com.ng/Financial_NewsDocs/27219_JAPAUL_OIL_-_UFS_30_JUNE_2019_FINANCIAL_STATEMENTS_JULY_2019.pdf http://www.nse.com.ng/Financial_NewsDocs/27221_C_I_LEASING_-_UFS_30_JUNE_2019_FINANCIAL_STATEMENTS_JULY_2019.pdf http://www.nse.com.ng/Financial_NewsDocs/27229_UNITY_BANK_PLC_FINANCIAL_STATEMENTS_JULY_2019.pdf http://www.nse.com.ng/Financial_NewsDocs/27227_STERLING_BANK_PLC._FINANCIAL_STATEMENTS_JULY_2019.pdf http://www.nse.com.ng/Financial_NewsDocs/27220_DANGOTE_FLOUR_MILLS_PLC_FINANCIAL_STATEMENTS_JULY_2019.pdf http://www.nse.com.ng/Financial_NewsDocs/27200_B.O.C._GASES_PLC._FINANCIAL_STATEMENTS_JULY_2019.pdf http://www.nse.com.ng/Financial_NewsDocs/27196_A.G._LEVENTIS_NIGERIA_PLC._FINANCIAL_STATEMENTS_JULY_2019.pdf http://www.nse.com.ng/Financial_NewsDocs/27198_NASCON_ALLIED_INDUSTRIES_PLC_FINANCIAL_STATEMENTS_JULY_2019.pdf http://www.nse.com.ng/Financial_NewsDocs/27199_BETA_GLASS_PLC_FINANCIAL_STATEMENTS_JULY_2019.pdf http://www.nse.com.ng/Financial_NewsDocs/27184_ETERNA_PLC._FINANCIAL_STATEMENTS_JULY_2019.pdf http://www.nse.com.ng/Financial_NewsDocs/27202_CONOIL_PLC_FINANCIAL_STATEMENTS_JULY_2019.pdf http://www.nse.com.ng/Financial_NewsDocs/27190_DANGOTE_SUGAR_REFINERY_PLC_FINANCIAL_STATEMENTS_JULY_2019.pdf http://www.nse.com.ng/Financial_NewsDocs/27183_HONEYWELL_FLOUR_MILL_PLC_FINANCIAL_STATEMENTS_JULY_2019.pdf http://www.nse.com.ng/Financial_NewsDocs/27197_NIGERIAN_BREWERIES_PLC._FINANCIAL_STATEMENTS_JULY_2019.pdf http://www.nse.com.ng/Financial_NewsDocs/27187_NEIMETH_INTERNATIONAL_PHARMACEUTICALS_PLC_FINANCIAL_STATEMENTS_JULY_2019.pdf http://www.nse.com.ng/Financial_NewsDocs/26963_COURTEVILLE_BUSINESS_SOLUTIONS_PLC_FINANCIAL_STATEMENTS_JULY_2019.pdf http://www.nse.com.ng/Financial_NewsDocs/26987_ACADEMY_PRESS_PLC._FINANCIAL_STATEMENTS_JULY_2019.pdf http://www.nse.com.ng/Financial_NewsDocs/26985_NEM_INSURANCE_PLC._FINANCIAL_STATEMENTS_JULY_2019.pdf

http://www.nse.com.ng/Financial_NewsDocs/26974_VITAFOAM_NIG_PLC._FINANCIAL_STATEMENTS_JULY_2019.pdf http://www.nse.com.ng/Financial_NewsDocs/26956_SAHCO_PLC_FINANCIAL_STATEMENTS_JULY_2019.pdf http://www.nse.com.ng/Financial_NewsDocs/26967_CWG_PLC_FINANCIAL_STATEMENTS_JULY_2019.pdf http://www.nse.com.ng/Financial_NewsDocs/26972_SEPLAT_PETROLEUM_DEVELOPMENT_COMPANY_PLC_FINANCIAL_STATEMENTS_JULY_2019.pdf http://www.nse.com.ng/Financial_NewsDocs/26954_NIGERIAN_ENAMELWARE_PLC._FINANCIAL_STATEMENTS_JULY_2019.pdf

OakPearl:


My candid advise to you bro is to channel your hard earned resources in proven profitable companies with much more responsible management that will give you excellent returns.
Corporate governance is treated with kids gloves and the SEC we have has proven there is no protection for the ordinary shareholder.
Oando is sufficient case study.
Run bro, run!

Thanks for your advice. It is the conventional wisdom. However, if you decide to play in the Nigerian market at all, you are faced with these issues all over with the possible exception of Guaranty Trust. AIICO is in the insurance sector which is fairly simpler to decipher, especially the life business. You don't have insight into the asset quality of banks and the conglomerates could also have problems with inventories or receivables. In effect, you have to pick your poison or you chose not to play in the Nigerian market at all as a lot of people I know have decided. I chose where I think the downside will not kill me if it crystalizes while there is potentially considerable upside. AIICO is my second concentration in that cycle. I did the same with NEM knowing all their issues with infidelity and it worked out well.

OBAGADAFFI:


Wow Dupe,

You got lots of info on AIICO.

Have you written to SEC concerning this matter?

Can you inbox me at Modupe@Comcast.net. I have a question.

Why is the authority not going after the management and board of Japaul? Some companies are better delisted than allowed to remain on the NSE.

PharmAlfred:
Why is the authority not going after the management and board of Japaul? Some companies are better delisted than allowed to remain on the NSE.

is yahoo not celebrated in the society?

dipoolowoo:
Amosun Heads Senate Committee on Capital Market
https://businesspost.ng/2019/07/30/amosun-heads-senate-committee-on-capital-market/

. is he a Finance expert? God will help us

yom2:
. is he a Finance expert? God will help us

He is a Chartered accountant

wanaj0:


He is a Chartered accountant

ok

Agbalowomeri:


Facts behind the figures
You don take over from Oga Wanaj

Eku market

Abeg, wetin I do oo

This uba matter ,water don't pass garri oo. After all d hair cut they still carry razor d go upandan!! Guys is it to stay or to jaaa?

Thanks for the observation. It has been corrected to N5.80k.

Infinitisi:
Dipo you might want to correct this in your article.

Business Post reports that shares of UBA went down today at the stock market by 10 kobo or 1.69 percent to N1.80k per unit.

veecovee:
...

Vee you lack LOVE, which is the first and the greatest Commandment. Please check yourself and consider your ways! Matt 22:36-40
If you love God and you followed the second commandment you will never wish anyone damnation, even your enemies.
The way you say it shows you delighted in it. Be careful and watchful!

** Back to stock discussion*

Dupeodus:


Can you inbox me at Modupe@Comcast.net. I have a question.

Okay

Mcy56:


WILL YOU STOP THIS PLEASE!
You have started again. What happens to you minding your biz in a public forum??
How did a harmless joke turned to you 'cursing' someone?
Did anyone borrowed your keypad to type or did you buy data for anyone here?
Na the kind thing wey dey vex me be this.
Whosoever wishes anyone evil, evil will befall him/her.
Stop acting dumb cos those of us you're referring to lives in different states/countries and I dont know how someone is seducing another here.
In conclusion: Wisdom is the principal thing, in all thy getting get understanding...Prov 4:7.

You better leave him, he is irredeemable

Dangflour is now officially a loss making organization.
Chams members will need a charm to take this one. Those in chams, waiting to sell at N1, will wait for a long time.

DOLLARTEX:
100% subsidized [/b]subsidy.http://www.nse.com.ng/Financial_NewsDocs/27189_FORTE_OIL_PLC._FINANCIAL_STATEMENTS_JULY_2019.pdf

What is the likely effect of @bolded on the price of the stock? I dey inside the bus sha.

Hello house, I recently realized that the stock broking firm through which my share were Registered just got inactivated by SEC. I wish to change the brokerage firm and register with another.
Does the inactivity of the brokerage house affect my stock?
Is it possible to move my shares (stock) to a new brokerage house (maybe with my CSS, CHN)?
How can I handle this?
Thanks!

kryptem:
Hello house, I recently realized that the stock broking firm through which my share were Registered just got inactivated by SEC. I wish to change the brokerage firm and register with another.
Does the inactivity of the brokerage house affect my stock?
Is it possible to move my shares (stock) to a new brokerage house (maybe with my CSS, CHN)?
How can I handle this?
Thanks, expecting robust and prompt response.

Normally, with your CSCS and CHN you can move for portfolio to another stockbroker.

But i will recommend you contact CSCS first and get Account Statement from your portfolio.

You should supply the New broker your CSCS and CHN numbers, so that they dont create a new one during registration.

@kryptem, my contribution, don't know if it's robust sha.
Does the inactivity of the brokerage house affect my stock? NO! It doesn't affect your stocks but any money you have in your portfolio is gone for good.

Is it possible to move my shares (stock) to a new brokerage house (maybe with my CSS, CHN)? YES.

How can I handle this? Register with another broker first. Activate your account and apply to move your stocks in other house to your new account.

Remember: Use of same name should accompany use of the CHN.

EKUU MKT O

jamace:
What is the likely effect of @bolded on the price of the stock? I dey inside the bus sha.

this should be the sweetest result so far.130% discount from today's price!

FO on fire na wah ooo

DOLLARTEX:
this should be the sweetest result so far.130% discount from today's price!

Thank you, bro.
I can see, it is already reflecting on the price. Zzzzoooooommmmmm!

DOLLARTEX:
this should be the sweetest result so far.130% discount from today's price!

The result is good but I don't understand the meaning of devaluation of subsidy as other income.

Guys has anyone traded on the NASD OTC Exchange?

I noticed must brokers are eligible, but i can find stock like CSCS,
WAMCO and ALLIANZ on their platform.

cc:
pluto09
jamace
dollartex
currentprice
mcy56