meine:
Stop Confusing people, Even though it favors me,i dont think Zenith is going down to N11.90 anytime in the future, Technicals dont have anything to do with COVID19 lockdown which caused the March Panic Selloff. If you couldn't predict the movement of Bitcoins correctly(which is your main field) be careful in saying Zenith will come down to N11.

What will you do if you see the price of Zenith bank at N11.90k?


I will buy more sha o

wanaj0:


Teachers pay constitute the greatest draw on a School's resource.

Crisis has not passed in Nigeria oo. We are just starting. Not close to the peak at all.

Consulted for a leading school in PH. Teachers were told to pick between half salary in April and May or full salary in April and no salary in May. They picked full salary in April. Now that may is here they are wondering whether they will get paid in May. My question is where will the money come from?

Employees need to consider the business when making demands. It is like a pilot resigning from Virgin. Which airline will employ him now? This is a problem affecting the sector as a whole!

Money now or money later.......They all chose money now........May we never be under the mercies of the laws of economics and human psychology .

Uchetoba:
Cardinal stone is intrested in UACN that is why they gave you only the wost case senario to deceive you. What about the best case senario? When you read always interpret critically.

I am very glad for one reason, they have confirmed the numbers we posted earlier.

You understand their SINISTER GAME very well.

In 2018 their target price was N23.70k did it happen? N0!

In 2019 their TP was N13.66k did it happen? NO!

Then this year that the unbuddling will take they yeye analyst now reduced their TARGET PRICE to N8.26k since they are looking for ways to increase their holdings..

Even as today the current market price is N8.35k which is above their fictitious TP that tells they are wrong.


Now weekend assignment for OLDBIES & NEWBIES

In 2013 one of UACN cashcow subsidiary called UPDC REIT was listed at N10 per share with market value of N30billion

In 2017 and 2020 another UACN subsidiary called UPDC raised N5b and 15.96b respectively.

In 2018 UACN the parents coy raised N16.2b via a right issue at the rate of N16 per share

Just 2yrs down the lane UACN the parents that has spent 140yrs in Nigeria want to unbundle their 94% shareholding in UPDC and their 65% shareholding in UPDC REITS and split it among their minority shareholders.

Now ask yourself what do you thiink will be the real unit price of UACN per share

Eterna Oil 1st Qtr 2020 result: http://www.nse.com.ng/Financial_NewsDocs/30159_ETERNA_PLC._FINANCIAL_STATEMENTS_MAY_2020.pdf

This stock is lying in Corona Treatment Centre immediately. Avoid if you love your money.

If U have had any contact with this stock recently self isolate by selling immediately.

I hope you have seen the Q1 of UPDC. http://www.nse.com.ng/Financial_NewsDocs/30148_UACN_PROPERTY_DEVELOPMENT_COMPANY_PLC_FINANCIAL_STATEMENTS_MAY_2020.pdfquote author=PETERiCHY post=89847999]

You understand their SINISTER GAME very well.

In 2018 their target price was N17.80k did it happen? N0!

In 2019 their TP was N13.66k did it happen? NO!

Then this year that the unbuddling will take they yeye analyst now reduced their TARGET PRICE to N8.26k since they are looking for ways to increase their holdings..

Even as today the current market price is N8.35k which is above their fictitious TP that tells they are wrong.


Now weekend assignment for OLDBIES & NEWBIES

In 2013 one of UACN cashcow subsidiary called UPDC REIT was listed at N10 per share with market value of N30billion

In 2017 and 2020 another UACN subsidiary called UPDC raised N5b and 15.96b respectively.

In 2018 UACN the parents coy raised N16.2b via a right issue at the rate of N16 per share

Just 2yrs down the lane UACN the parents that has spent 140yrs in Nigeria want to unbundle their 94% shareholding in UPDC and their 65% shareholding in UPDC REITS and split it among their minority shareholders.

Now ask yourself what do you thiink will be the real unit price of UACN per share [/quote]

Dupeodus:


The AIICO q1 result is a continuation of aiico's management practice of depressing the financials to keep the stock price low so they could finish whatever they need to do. The current need is for the MD that was appointed lat year and had no shares before to accummulated shares and is currently doing it at relatively low price. Look at that q1 results again. The last line is a finance cost of slightly over =N=1 billion naira. This is a company that is flushed with cash and government securities. The only liability in their book is the IFC loan of $7 million. I will even grant that included in that finance cost is maybe =N=350 million in the depreciation of the naira and you add that to the normal quarterly cost of about =N=50 million related to the loan. That is still =N=400 million, a good 600 million less than what was charged. But you know what, let's even leave it as the first quarter charge, unless naira completely goes to the gutter, it will not recur in subsequent quarters. That gives you an idea of what the year will look like. This is is addition to an unexplained charge of =N=975 million that AIICO continues to charge every quarter to add to the 'other contract liability' line. By the end of the first quarter, about =N=6 billion has been accummulated on that liability line that AIICO has never explained to whom or what product they owe the money to. Every quarter, it's a charge to the P&L with a credit to that liability. I have checked the financials of other insurance companies and they don't have anything similar. Lastly, you have to consider that the Leapfrog investors bought at =N=1.20. they are no fools if you research into them. They must know what they are buying into.

That's quite revealing. But you have been saying this since 2018. Are they not done with the manipulation? Why then would someone invest in a company that manipulates their books?

RabbiDoracle:


Please mind how you write untruths. When did I say people should sell everything and buy UACN?

I hardly give a recommendation on non-banks except in special situations.

Kindly produce the post supporting your claim.

Oga Oracle pls no vex it was a mistake.

PETERiCHY:


Sell your wapco,
Sell your Honeywell,
Sell your hostel
Invest in UACN.

Thank me in 6months time.

*ThE OcToPuS*

January + 6 months = July

rebekah2011:
I hope you have seen the Q1 of UPDC. http://www.nse.com.ng/Financial_NewsDocs/30148_UACN_PROPERTY_DEVELOPMENT_COMPANY_PLC_FINANCIAL_STATEMENTS_MAY_2020.pdfquote author=PETERiCHY post=89847999]

This was how you were skeptical about WAPCO. but today they have declared N1 dividend and still waxing strong.

wanaj0:


Teachers pay constitute the greatest draw on a School's resource.

Crisis has not passed in Nigeria oo. We are just starting. Not close to the peak at all.

Consulted for a leading school in PH. Teachers were told to pick between half salary in April and May or full salary in April and no salary in May. They picked full salary in April. Now that may is here they are wondering whether they will get paid in May. My question is where will the money come from?

Employees need to consider the business when making demands. It is like a pilot resigning from Virgin. Which airline will employ him now? This is a problem affecting the sector as a whole!

They thought the lockdown would have eased by May and they'd get full pay or another job.

Wapco will be good to those buying now.

PETERiCHY:


This was how you were skeptical about WAPCO. but today they have declared N1 dividend and still waxing strong.

Heishere:


That's quite revealing. But you have been saying this since 2018. Are they not done with the manipulation? Why then would someone invest in a company that manipulates their books?

Like I said once, if you chose to invest in Nigeria's stock market, you chose your poison. The management of almost all the companies are corrupt and do outrageous things sometimes to the knowledge of the regulators. Nothing came out of all the email I wrote to the SEC and NAICOM on AIICO and you see their shenanigans everytime they publish their financials. The thing is that they are sitting on a gold mine and they know. As an investor, even though you see that they are doing everything to ascribe a good portion of that gold mine to themselves, as long as you can get a portion of it, you participate as much as you can.

maishai:


Money now or money later.......They all chose money now........May we never be under the mercies of the laws of economics and human psychology .

Money has a time value.

In my opinion, 100,000 ngn in April is far better than 50,000 ngn in April and another 50,000 ngn in May.

I like to say that money can be "cultivated". It grows and reproduces of its kind.

In a notice released to the Nigerian Stock Exchange (NSE) today, *UACN Plc has announced the opening of its rights issue. 960,432,193 ordinary shares of 50 Kobo each at the offer price of N16 per share on the basis of one (1) new ordinary shares for every two (2) ordinary shares held as at 19 October 2017 will be opened for subscription. Acceptance list opens: Wednesday, 15 November 2017 Acceptance list closes: Friday, 22 December 2017

What will the proceeds be used for ?

Details from the rights issue circular released by the company show *it expects to raise a total of N15 billion after deducting costs related to the offer. N5 billion will be injected into Grand Cereals Limited as equity, in addition to a N3.5 billion company loan. UACN also intends to allocate N4 billion as working capital support to both Livestock Feeds Plc and Grand Cereals Plc. N2.5 billion from the rights issue will be reserved for new business development.*

UAC of Nigeria is a conglomerate, operating in the food and beverage, real estate, paints and logistics sectors of the economy, through its subsidiaries. *The company was incorporated on April 22, 1931 as a wholly-owned subsidiary of the United Africa Company Limited (a subsidiary of Unilever), which later became UAC International. The Company’s name was changed to United Africa Company (Nigeria) Limited on 23rd July 1943, and became UAC of Nigeria PLC in 1991. It was listed on the NSE in 1974. UACN Plc shares closed at N19.10 in yesterday’s trading session on the NSE.


https://nairametrics.com/2017/11/15/uacn-n15-billion-rights-issue-opens-today/

https://investadvocate.com.ng/2018/03/07/uacn-lists-960-4m-rights-shares/

*March 7, 2018*

UAC of Nigeria (UACN) Plc at the weekend listed a total of 960.43 million ordinary shares of 50 kobo each, adding about N16.4 billion to the market capitalisation of the conglomerate.

The Nation had exclusively reported that the 960.43 million shares rights issue was fully subscribed. UACN had floated a rights issue to raise N15.36 billion by offering 960.43 million ordinary shares of 50 kobo each at N16 per share

The conglomerate has however confirmed that three major shareholders now own more than five per cent equity stake.

Major shareholders of the conglomerate now include Stanbic IBTC Nominees, with 8.0 per cent equity stake consisting of 225.23 million ordinary shares of 50 kobo each; Blakeney GP 111 Ltd, with 6.0 per cent equity stake consisting of 165.79 ordinary shares of 50 kobo each and Themis Capital Management, with 8.0 per cent consisting of 232.35 million ordinary shares


BARGAIN HUNTERS TAKE NOTE

Peter,all you need is to make the money in uacn and leave the shell for holders.
The stock we have analyzed here severally.

See oando,see uacn...........Only jijo can save people here..........kasala will still burst later later.

rebekah2011:
I hope you have seen the Q1 of UPDC. http://www.nse.com.ng/Financial_NewsDocs/30148_UACN_PROPERTY_DEVELOPMENT_COMPANY_PLC_FINANCIAL_STATEMENTS_MAY_2020.pdfquote author=PETERiCHY post=89847999]

You understand their SINISTER GAME very well.

In 2018 their target price was N17.80k did it happen? N0!

In 2019 their TP was N13.66k did it happen? NO!

Then this year that the unbuddling will take they yeye analyst now reduced their TARGET PRICE to N8.26k since they are looking for ways to increase their holdings..

Even as today the current market price is N8.35k which is above their fictitious TP that tells they are wrong.


Now weekend assignment for OLDBIES & NEWBIES

In 2013 one of UACN cashcow subsidiary called UPDC REIT was listed at N10 per share with market value of N30billion

In 2017 and 2020 another UACN subsidiary called UPDC raised N5b and 15.96b respectively.

In 2018 UACN the parents coy raised N16.2b via a right issue at the rate of N16 per share

Just 2yrs down the lane UACN the parents that has spent 140yrs in Nigeria want to unbundle their 94% shareholding in UPDC and their 65% shareholding in UPDC REITS and split it among their minority shareholders.

Now ask yourself what do you thiink will be the real unit price of UACN per share

one thing is sure , the bag holders wont be happy.

#fmcgWahala

This Week Goes to

Unilever +33.86%
Red Star +26.67%
Bua Cement +23.42%
11 PLC +20.92%
UACN +20.14%
Vitafoam +20.14%

more double digit gains this week ! !

fxuser:
This Week Goes to

Unilever +33.86%
Red Star +26.67%
Bua Cement +23.42%
11 PLC +20.92%
UACN +20.14%
Vitafoam +20.14%

more double digit gains this week ! !

Amen ooo
Make Nestle join dem ....
Dont know why its draggin...
Volume dey build up sha....
Welcome back to camp....

meine:
Stop Confusing people, Even though it favors me,i dont think Zenith is going down to N11.90 anytime in the future, Technicals dont have anything to do with COVID19 lockdown which caused the March Panic Selloff. If you couldn't predict the movement of Bitcoins correctly(which is your main field) be careful in saying Zenith will come down to N11.

Kindly note that I would have you repeat all these things you have typed when price gets to 11.90

You would also have to tender an apology openly for having your mouth run like so.

fxuser:
This Week Goes to

Unilever +33.86%
Red Star +26.67%
Bua Cement +23.42%
11 PLC +20.92%
UACN +20.14%
Vitafoam +20.14%

more double digit gains this week ! !

another decent gainer is Nbrew , up +80% from April lows

can Guinness find such love ?

umm

Dupeodus:


Like I said once, if you chose to invest in Nigeria's stock market, you chose your poison. The management of almost all the companies are corrupt and do outrageous things sometimes to the knowledge of the regulators. Nothing came out of all the email I wrote to the SEC and NAICOM on AIICO and you see their shenanigans everytime they publish their financials. The thing is that they are sitting on a gold mine and they know. As an investor, even though you see that they are doing everything to ascribe a good portion of that gold mine to themselves, as long as you can get a portion of it, you participate as much as you can.

Oga, my fear is that they shouldn't release another stinker of a result in Q2. That would erode my gains on the few coins I have put in here.

meshpips:


Kindly note that I would have you repeat all these things you have typed when price gets to 11.90
You would also have to tender an apology openly for having your mouth run like so.

Abeg leave the matter bros. Zenith will not touch N11 again this year except there is another lockdown lasting 3 months. Charts cant be right 100% of the time. If i see Zenith at N15 ,i will buy more. At your N11 na to sell all i have to buy Zenith. No beef against you, i just dont want you to confuse people.

I might have keyed in to Bitcoin at around N7600 but for your prediction here that said Btc dey go N5000. I dont hold that against you though.

meshpips:


Money has a time value.

In my opinion, 100,000 ngn in April is far better than 50,000 ngn in April and another 50,000 ngn in May.

I like to say that money can be "cultivated". It grows and reproduces of its kind.

Easier said, 98% of the population can't do that.

Thank God for programmed withdrawals and annuity introduced by PENCOM, more than 95% of retirees usually squander the severance packages paid to them in less than 2 years. It is the annuity or programmed withdrawals that keep most of them going for another 20 years

meshpips:


Kindly note that I would have you repeat all these things you have typed when price gets to 11.90

You would also have to tender an apology openly for having your mouth run like so.

This guy and apology na 5 and 6.This was how I accepted you challenge you disappeared,lwkd

meine:
Abeg leave the matter bros. Zenith will not touch N11 again this year except there is another lockdown lasting 3 months. Charts cant be right 100% of the time. If i see Zenith at N15 ,i will buy more. At your N11 na to sell all i have to buy Zenith. No beef against you, i just dont want you to confuse people.

I might have keyed in to Bitcoin at around N7600 but for your prediction here that said Btc dey go N5000. I dont hold that against you though.

Bitcoin will still sell off.

meine:
Abeg leave the matter bros. Zenith will not touch N11 again this year except there is another lockdown lasting 3 months. Charts cant be right 100% of the time. If i see Zenith at N15 ,i will buy more. At your N11 na to sell all i have to buy Zenith. No beef against you, i just dont want you to confuse people.

I might have keyed in to Bitcoin at around N7600 but for your prediction here that said Btc dey go N5000. I dont hold that against you though.

Free him, speak for yourself not for everyone like me. Everyone is entitled to his opinion. I personally enjoy his analytical predictions with Rabbi.

In this market, impossibility is nothing. I have seen Zenith come down to 10 naira twice in the last few years.. in fact it came down to 8.9 while gtbank was 13+ so what are you talking about?

Allow him to freely Express himself.. if you dont like some comments here, scroll to the next.. or park well.


Invest wisely!

meine:
Stop Confusing people, Even though it favors me,i dont think Zenith is going down to N11.90 anytime in the future, Technicals dont have anything to do with COVID19 lockdown which caused the March Panic Selloff. If you couldn't predict the movement of Bitcoins correctly(which is your main field) be careful in saying Zenith will come down to N11.

Wicked canon shot at Meshpips.

Willie2015:


Amen ooo
Make Nestle join dem ....
Dont know why its draggin...
Volume dey build up sha....
Welcome back to camp....

Look well and see what it is doing.

Great Rabbi, kini ifa nwi on the matter? Your opinion. It won't be used against you as purchase alert

RabbiDoracle:


Wicked canon shot at Meshpips.

meine:
Abeg leave the matter bros. Zenith will not touch N11 again this year except there is another lockdown lasting 3 months. Charts cant be right 100% of the time. If i see Zenith at N15 ,i will buy more. At your N11 na to sell all i have to buy Zenith. No beef against you, i just dont want you to confuse people.

I might have keyed in to Bitcoin at around N7600 but for your prediction here that said Btc dey go N5000. I dont hold that against you though.

I doubt if March low will be retested during this period except something unexpected happens globally.

Meshpips is so obsessed with his VAP tool that he can't rejig the parameters. You can't make money like that.

I have explained to him that VAP has limitations and that has to do with not seeing in-between peaks before reaching the trough. That happened in his call around July 2019. He didn't see the rise that happened during December 2019 to January 2020.