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Nigerian Stock Exchange Market Pick Alerts - Investment (4904) - Nairaland

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Re: Nigerian Stock Exchange Market Pick Alerts by Uchetoba: 10:30am On Oct 07, 2019
Agbalowomeri:


So they won't pay for their right issue in UPDC?
Where would the money come from sef?
Infact the right issue of UPDC makes the whole unbundling thing more protitable for UACN shareholders.
The debt that UPDC own UACN will be converted to UPDC right.
Re: Nigerian Stock Exchange Market Pick Alerts by dipoolowoo: 10:35am On Oct 07, 2019
Re: Nigerian Stock Exchange Market Pick Alerts by Agbalowomeri: 10:39am On Oct 07, 2019
Uchetoba:
Infact the right issue of UPDC makes the whole unbundling thing more protitable for UACN shareholders.
The debt that UPDC own UACN will be converted to UPDC right.

Is that the strategy?
Re: Nigerian Stock Exchange Market Pick Alerts by Uchetoba: 10:56am On Oct 07, 2019
Agbalowomeri:


Is that the strategy?
You see I really have your time today.
The only thing I'm not going to do is post the numbers from my research about the unbundling untill I have bought enough UACN for myself.
Any other question?
Re: Nigerian Stock Exchange Market Pick Alerts by Agbalowomeri: 11:02am On Oct 07, 2019
Uchetoba:
You see I really have your time today.
The only thing I'm not going to do is post the numbers from my research about the unbundling untill I have bought enough UACN for myself.
Any other question?

I only asked a question which wasn't meant to be sarcasm
I am aware UACN paid a one-off write-off for UPDC in 2018 financial year
I asked if that is the only way they plan to settle their own portion of the right issue
Re: Nigerian Stock Exchange Market Pick Alerts by onegentleguy: 11:05am On Oct 07, 2019
Uchetoba:
Infact the right issue of UPDC makes the whole unbundling thing more protitable for UACN shareholders.
The debt that UPDC own UACN will be converted to UPDC right.

Now u are beginning to get the picture, but there's more though.
U have not even mentioned the value that can also be derived from the REITS(updc reits) plus accrued tap in gains from a turnaround coy(the group)
...the fact is that the benefits of value accretion to UACN shareholders are IMMENSE !!

This whole drama reminds me of the recent plays with Diamond bank and Dangote flour, and how we reaped great returns therein.

I just wish that folks can fall a bit more for the pranks and sell off more of their UACN to push the price further down.
...God knows we will keep buying like never before !!

I can not come kill myself for nothing !!
Re: Nigerian Stock Exchange Market Pick Alerts by onegentleguy: 11:07am On Oct 07, 2019
Uchetoba:
You see I really have your time today.
The only thing I'm not going to do is post the numbers from my research about the unbundling untill I have bought enough UACN for myself.
Any other question?

I already posted that, drawing from the analysis of the sum of all parts(SOTP) and a few other investment tool here in the past.

Raking-off all-touching risk, there's a potential for an approx 179% ROI from current price post unbundling.
UACN is a GREAT asset play in the mid-term.

If u know, u know !!
Re: Nigerian Stock Exchange Market Pick Alerts by onegentleguy: 11:09am On Oct 07, 2019
Agbalowomeri:


I only asked a question which wasn't meant to be sarcasm
I am aware UACN paid a one-off write-off for UPDC in 2018 financial year
I asked if that is the only way they plan to settle their own portion of the right issue

Even u still dey ask?
...is alright !!
Re: Nigerian Stock Exchange Market Pick Alerts by onegentleguy: 11:12am On Oct 07, 2019
onegentleguy:
Yet another perspective to the VALUE proposition in UACN(weighted against its subset, UPDC and UPDC REITS)

Aside the thing about comparing their ALTMAN Z-SCORE(which I highted in the past), there's a bit more.

...a brief;

1st off; according to the proposed unbundling, the shareholders of UACN are to get stakes in UPDC and UPDC REITS post rights issuance to updc shareholders, which is expected to raise near N16B to offset the bridge loan taken from UACN.

3 benefits;

1) Given that the allotment of shares comes post rights issue by UPDC, the shareholders of UACN are totally exempt from any impact of a likely equity dilution.

2) UACN will get a good boost from the leverage(approx N16B) accrued from the rights.
Again, UACN will also indirectly benefit from all the restructuring initiative of the unbundling, including an asset allocation with a current mkt value of near N9B to UPDC(plus an interest payment of over N20B accrued to updc in the reits)

3) The unbundling and 'gifting' to current shareholders of UACN also means they'll immediately partake of accrual gains and future EV(enterprise values) of the subsets, updc and updc-reits.

Using the sum of all parts(SOTP) valuation technique(an indicative tool used to guage the likely value of the subsidiaries/constituents that form a holding company when been sold/spun off or divested from), we can further look in on the inherent VALUE passable to the group.(UACN)
...The idea is to break up the 2 subsets away from the holding coy/conglomerate, and try to value them seperately.

Using this technique(adjudged from the benefits with the subsets updc and updc-reits EV, RoIC, EV to EBIT, OS, PEG and P/B) as well as its current financial status in view, and adjusting for risk, I have a re-adjusted FVE of approx N18.25 for UACN.
...this is assuming zero% growth to YE.(Assuming that UACN makes zero earning in H2, 2019)

Away from the proposed unbundling, the group is also looking to spun off from its hotel business arm, updc hotel(UHL) to aide more leverage.(assets classified as held for sale/distribution to owners in view)
...and a total revamp of its quick service restaurant arm(UAC restaurant) to further boost earnings.

VERDICT: UACN remains a strong BUY for us !!
While short term price prospect is uncertain(due mainly to the current volatility in the mkt), medium term prospect is STRONG and with a lot of drive.

My advice: Just follow ur instinct.

No further comment on UACN !!
Re: Nigerian Stock Exchange Market Pick Alerts by dipoolowoo: 11:12am On Oct 07, 2019
Re: Nigerian Stock Exchange Market Pick Alerts by Uchetoba: 11:42am On Oct 07, 2019
grin grin grin
Agbalowomeri:


I only asked a question which wasn't meant to be sarcasm
I am aware UACN paid a one-off write-off for UPDC in 2018 financial year
I asked if that is the only way they plan to settle their own portion of the right issue
grin grin grin
Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 12:32pm On Oct 07, 2019
upward movement on a daily.go gt go gt.
Re: Nigerian Stock Exchange Market Pick Alerts by Agbalowomeri: 1:14pm On Oct 07, 2019
DOLLARTEX:
upward movement on a daily.go gt go gt.

Lol
Re: Nigerian Stock Exchange Market Pick Alerts by nna777: 1:29pm On Oct 07, 2019
who are those pushing UACN. we haven't finish accumulating yet. Thank you.
Re: Nigerian Stock Exchange Market Pick Alerts by OakPearl(m): 1:49pm On Oct 07, 2019
Uchetoba:
This UACN thing will be like what happened when UBA was devesting from Afriprud, Ucap & Afriland property. About 2 weeks to the day they were going to allot the shares of the three companies for free to investors, the price of uba started crumbling very fast from over N7 to around N4.5. When I saw the price at 4.5 I quickly sold all my NEM at N0.8 cause I but the NEM at N0.55, so I plunged all the money into UBA not knowing what was about to happen lukily for me that was about two day to the D day. About three days after buying I saw that the price of uba started ralling and I also noticed that two new companies has been included in the price list and the two are also ralling. To cut the long story short, I later called my then analogue stockbroker to send a copy of my cscs stmt of acc to my email, they did and I saw afriprud and ucap in my cscs stmt then I called my stockbroker for explanation then they told me those were giving to me by uba bc cbn had told all banks to divest from their non banking subsidiaries. Later again I checked my P.O Box and I also saw the share certificate of afriland property.

Those that sold there UBA before the D day I'm sure they cried HAD I KNOW.

Please let them continue to sell their UACN I havn't bought enough. I even need it to fall to like N4 so that I can buy more and more b4 the D day.

When we discovered this sleeping giant and ran commentary, all you did was talk down this stock.
How things change. cheesy
Re: Nigerian Stock Exchange Market Pick Alerts by Agbalowomeri: 2:11pm On Oct 07, 2019
OakPearl:


When we discovered this sleeping giant and ran commentary, all you did was talk down this stock.
How things change. cheesy

He now thinks he is doing one wonderful analysis and hiding it Lol grin
Re: Nigerian Stock Exchange Market Pick Alerts by Agbalowomeri: 2:14pm On Oct 07, 2019
When it rains, it pours grin
Re: Nigerian Stock Exchange Market Pick Alerts by BullBearMkt(m): 2:25pm On Oct 07, 2019
BullBearMkt:
Will Guaranty Trust Bank Re-test 26.80 Support Level?
From creating a higher-high, the stock price is now heavily declining and there is high probability of the stock re-testing between 26.50 and 26.80 before making any upward reversal attempt.

chart: https://uk.tradingview.com/chart/GUARANTY/ZsgJkD0v-Will-Guaranty-Trust-Bank-Re-test-26-80-Support-Level/

PLAN YOUR TRADES AND TRADE YOUR PLANS
grin grin grin grin grin
...GTB at critical level for reversal. All needed now is the BULL POWER (volume)
grin grin grin grin grin

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Re: Nigerian Stock Exchange Market Pick Alerts by stcool(m): 2:26pm On Oct 07, 2019
Is there a closure date yet for UACN shareholders

I am seeing UPDC closure for rights issue as September 30th.
Re: Nigerian Stock Exchange Market Pick Alerts by stcool(m): 2:48pm On Oct 07, 2019
OakPearl:


Oga I no large oh...small boy like me. grin
Me na long term value investor like Benjamin Graham pattern oh.
If I try spot value from a distance I buy till I beleful at a specific price range.

I been think say I go find such for MTNN and Airtel but their numbers before listing no be am at all, so I just jaa. I remember my several opinions and tashere fundamental analysis I been do on both that time.

UACN fit my strategy wella, so na continuous loading at pull backs till I reach the promised land.
This one go dey poo steady for me like others.
#Patience

Sorry my Oga...wanted to quote the young man below
Re: Nigerian Stock Exchange Market Pick Alerts by stcool(m): 2:49pm On Oct 07, 2019
Uchetoba:
So because UPDC promised to allot the units of UPDCREIT to its shareholders after the right issue that is why they are buying the shares instead of allowing it to fall freely as it suppose.

Let's look at it this way, after right issue is completed the pro rata allotment may not give you more than 1unit of UPDCREIT for every share UPDC held.

But come to think of it,

What if they did not get the regulatory approval?

What if they change their mind later?

For now I'm very cautious about UPDC and UACN.
Until they do the final announcement regarding the right issue and the unbundling I can only buy UACN @ N4 and UPDC @ 60 kobo.

Change your ways!!!
Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 3:32pm On Oct 07, 2019
BullBearMkt:

...GTB at critical level for reversal. All needed now is the BULL POWER (volume)
grin grin grin grin grin
you are just too much!

1 Like

Re: Nigerian Stock Exchange Market Pick Alerts by OakPearl(m): 4:38pm On Oct 07, 2019
Agbalowomeri:


He now thinks he is doing one wonderful analysis and hiding it Lol grin

cheesy
Re: Nigerian Stock Exchange Market Pick Alerts by ohis30: 4:39pm On Oct 07, 2019
I AM NEW HERE AND I NEED A MENTOR
Re: Nigerian Stock Exchange Market Pick Alerts by OakPearl(m): 4:39pm On Oct 07, 2019
stcool:


Sorry my Oga...wanted to quote the young man below

Isokay sir. grin
Re: Nigerian Stock Exchange Market Pick Alerts by dipoolowoo: 5:53pm On Oct 07, 2019
Re: Nigerian Stock Exchange Market Pick Alerts by valentinenwoko: 7:13pm On Oct 07, 2019
I need TA analysis of CONOIL plc
Re: Nigerian Stock Exchange Market Pick Alerts by Agbalowomeri: 7:56pm On Oct 07, 2019
valentinenwoko:
I need TA analysis of CONOIL plc

self-service to your rescue grin
Re: Nigerian Stock Exchange Market Pick Alerts by valentinenwoko: 9:21pm On Oct 07, 2019
Please explain further,I don't understand your comments
Agbalowomeri:


self-service to your rescue grin
Re: Nigerian Stock Exchange Market Pick Alerts by valentinenwoko: 9:23pm On Oct 07, 2019
Agboalowomeri: Please explain your comments.
BullBearMkt: Sir I need TA analysis of CONOIL PLC.
Re: Nigerian Stock Exchange Market Pick Alerts by Agbalowomeri: 9:26pm On Oct 07, 2019
valentinenwoko:
Agboalowomeri: Please explain your comments.
BullBearMkt: Sir I need TA analysis of CONOIL PLC.

Means do it yasef
Re: Nigerian Stock Exchange Market Pick Alerts by valentinenwoko: 9:29pm On Oct 07, 2019
I am just a retail trader, a pharmacist by profession

1 Like

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