emmanuelewumi:



You don't have to call out anyone, he did a good job giving you an analysis of his expectations about UACN, you are expected to do your own due diligence.


You are expected to look at the pros and cons of your Investments in UACN and then make your own informed decisions.

From past experience, management who stops or reduces dividends payable to shareholders while they increase their own pay by over 200% in a bad business year, don't have the long term interests of the shareholders at heart.

stcool:


My point is the possibility of FBHN trading @N1 on the NSE while the entity survives a crises and your money will be intact in your account.

Off course FBHN can't be wiped out unless Nigeria seizes to exist.

Anyways let me stop here! They are already crying that I am predicting doom

RabbiDoracle:


Germany, Spain, Austria, Italy. They are all opening up.

Hunger wan finish them.

They are saying all die na die.

stcool:




Look at it this way...If you have N5 Million in idle funds...would you put it inside the market with current event?

Or you will wait for direction...

My warning is for those parking funds into market now with hope to come out in next 1 month or 6 month with a kill...

It wont work

By Oct-Nov 2020

You will be begging me to take your GTB & Zenith sub N10

FBHN sub...N3

NSE patience is key!

I am done till further notice!

onegentleguy:


Rivers State Government has reopened the business premises of Carveton Helicopters it sealed for violating its executive order on containment of coronavirus pandemic.

The Attorney-General and Commissioner of Justice, Prof. Zaccheus Adangor, said Governor Nyesom Wike approved the reopening of the business premises on Monday following an apology by the firm.

Adangor said: “We have unsealed the business premises of Carveton Helicopters.

“The Rivers State Governor gave the approval today. The Chairman of Obio/Akpor Local Government Area was directed to unseal it.

“I have received a call from the company to confirm that their business premises have been unsealed.

“We unsealed the premises on the basis of the apology tendered by the company and their commitment to be of good conduct.”

https://thenationonlineng.net/rivers-unseals-carveton-helicopters-premises/

DexterousOne:



Interesting


So a GTBank staff cant buy share in GTBank without seeking permission?

Wow that is interesting

I'll seek more clarity sha

Bomboclad:
WAPCO

Mcy56:

Those wapco guys have got no chill at all.
Las las bargain hunters go feed off their dumping and they'll come back to buy higher. Lol.

Bomboclad:
WTI (US Oil) back to $15.58

abuhusna1:
Uacn self isolating cos he don catch corona. In two weeks time he will be alright �

OBAGADAFFI:


Brent 19

stcool:


Exactly...but the guy wants me to paint a slight picture.

You are selling @$12 with no single buyer and its cost you about $30 to produce same barrel

stcool:
I told you this week is last opportunity to sell off and hold cash...till Q4 2020

Its OK to ignore...A lot of money will be wiped off from NSE!

onegentleguy:


Q2 u mean.
Impact in Q1(if any) will be very MINOT.
The twin evil of the worry with covid-19 and oil price slump started in mid March, which was already near the end of Q1, so don't expect any material drawback in the FP of quoted coys by then.
...impact will begin to manifest by Q2.

But even then, its not for coys that are antifragile(can infact benefit from current events) and robust(have relatively strong immunity(balance sheet)).
Ur worry is definitely not for coys like MTN, WAPCO, UACN, PZ, CAVERTON, GTB, ZENITH, UBA AIICO, CUSTODIAN, all coys in the HEALTH SECTOR and a few other select stocks.
Soon, certain things will become clear to some of u.

DISCLOSURE: We do not hold all of the aforementioned coys.
NOTE: NOT an investment advice.

It is well.

Mcy56:
47.8M crossed in Fbnh @4.20. Deep pockets taking position......
Zenith dumping looks like deliberate attempt to crash the price......quite some crossings at 13.10.....

Mcy56:

Lol. The isolation is really helping its ministry.

Justcul:


There is no Audio here, the bank and its group have been on recovery since the new management took office, FBNH is 24% green in my portfolio. Second only to UBA.

Value is found when you buy a stock, I'm not selling anytime soon.. I intend to HOLD and accumulate if the price eventually drop below 4.

FBNH is trying to recover its lost glory in my opinion and the present management is doing far better than the previous.

Not a buy or sell recommendation but I'm happy with recent improvements in FBNH's Fundamentals..

emmanuelewumi:
Someone is waiting for it at N1.00

Tvegas:
Why are investors not paying attention to UCAP? at this rate this stock may return 25% via dividend payment pretty soon. The first quarter result isnt bad at all. Starting from middle of may Oil issue will begin to stabilise and by then we will begin to sell our holdings to awon "Cash is King Crew".

Aggresively picking up, UCAP,GTB,Averaging on Zenith right now. Praying for Zenith to touch N12, GTB N17.

emmanuelewumi:



Maybe contract staff.


You don't need permission,. but you need to inform your employer.

Your employer will notify NSE, that 12 members of staff bought 520,000 units of GTB shares on 20th April 2020.

9jatriot:
Sorry to drag us back. I think volume plays a role for ordinary staff since they are not likely to have enough funds to manipulate the market. As a matter of fact, most staff do not have more than the basic information about where they work.
I know some companies actually encourage their workers to buy shares within their firm, at least I have a faint recollection of that happening when I did my IT with 7up many years ago.

onegentleguy:


1st off, I'd like to commend ur manner of approach.
...it's indeed worthy of emulation, and why for the uptenth but maybe the last time, I'll talk about UACN.

When the said issue on concerns surrounding management intent on value creation with the matter of planed divestitures as well as that of the group's 'black sheep' UPDC was 1st raised by Mr TLAX, I addressed the matter here.(refer to link below)
https://www.nairaland.com/1131485/nigerian-stock-exchange-market-pick/5511#88100250

If u also dig back to the past, u'd find several post(a whole lot) I made on UACN right from when the coy was selling for N4.50 !!(issued a buy recommendation then before it rose to a yr high of N11+)
I followed that up with several analysis on VALUATION(looking at all possible divestures with certain subsets of the group) and the benefits from the proposed unbundling. ...KEY determinants like the Altman z-score, Petroisky f-score, Barniesh m-score, Sum of the parts technique, EM bootstrapping and Unbundling margin(to mention a few) were all used at the time.
...I have done enough my dear.
At this point, I do not intend to convince anyone over anything.

Its really funny that some folks quickly relate asset divestiture to value stripping without PROPERLY looking at how such assets(being divested) equate to value for the group.
Wonder if it would have been better for UACN to continue to accommodate loss making business entities like UPDC or other less progressive subsets like MDS logistics when infact they clearly feed off the VALUE drive of the group.
Its important to look to divest from entities that are parasitic and build on the ones that are symbiotic as u focus on ur areas of business strength.
...that's what the group(UACN) has set out to do !!
What is more? They are doing it, returning a part of those 'disposals' to stakeholders unlike what the likes of some like TRANSCORP did with the hospitality business arm.
And I laugh when people compare UACN to OANDO. There's a world of difference my dear !! ...a very big one at that.

Finally, except the intent from those screaming is machiavellian, there's ABSOLUTELY nothing outside the ordinary with the just released UACN report.
The group witnessed an appreciable growth in revenue and PAT MARGIN. ...with PAT from continuous operation up 28% and EPS up by above 37% to N1.32. Both growth pegs are higher than the total acceleration in admin expense where concerns were recently raised.
For emphasis, what magt did was to cut down on the initially high workforce and increase the pay of those who they think can deliver. While I am also critical of the surge on the CEO remuneration in particular, I understand why QUALITY should be prioritized ahead of quantity at this time.
Then there are also other clear improvement seen accross several key indices. ...with certain positive items in the YE report that I'd prefer to leave for latter.
That, and the accrued benefits from valuation and unbundling is the area u should FOCUS on.
The stock is a strong BUY even @ the current mkt price.
The thing about loss from discontinuous operation was already 'a requisite part of the books'.

On the 2nd part in bold, I can see reward in the report so am clinging thight to this coy.
I wonder how some folks interpret financial prints, unless they aren't seeing and where necessary, computing certain figures.

UACN is just one stock out of so many quoted coys on the exchange, yet it's on everybody's lips.
U should know why.
https://www.nairaland.com/1131485/nigerian-stock-exchange-market-pick/5534#88266191

Like I said; I am also waiting to ACCUMULATE much more as price drops.

NOTE: NOT to be infered as any sought of recommendation.
My advice: Pls follow ur instinct.

onegentleguy:


Rivers State Government has reopened the business premises of Carveton Helicopters it sealed for violating its executive order on containment of coronavirus pandemic.

The Attorney-General and Commissioner of Justice, Prof. Zaccheus Adangor, said Governor Nyesom Wike approved the reopening of the business premises on Monday following an apology by the firm.

Adangor said: “We have unsealed the business premises of Carveton Helicopters.

“The Rivers State Governor gave the approval today. The Chairman of Obio/Akpor Local Government Area was directed to unseal it.

“I have received a call from the company to confirm that their business premises have been unsealed.

“We unsealed the premises on the basis of the apology tendered by the company and their commitment to be of good conduct.”

https://thenationonlineng.net/rivers-unseals-carveton-helicopters-premises/

Sabiboy99:


They want to track the staff records so u don't buy the company at their backs and fire the top executives...