Chibuking81:




Any markdown on their share price today, due to their newly listed light issued? This is like Hawk on its mission to devour, targeting UPDC REIT. The right issue at side of UAC property was much.

And this might likely reduce their % in UPDC REIT unbundling sharing formular.

TLAX:


I am sure you know that other company. Its still below the radar for now.

rebekah2011:
When you see people get too emotional about a particular stock, they are blinded to see what others are seeing. whatever gains that UACN or UPDCREITS will give, it may likely be consumed by the liabilities that UPDC will thrust upon one.

emmanuelewumi:



I disagree with this, I have both SFS REIT and UPDC REIT.

SFS REIT at N65.00 paid a dividend of N7.00

UPDC REIT at less than N4.00 paid a dividend of 58k.

Value of Properties owned and managed by SFS REIT is about N2 billion, money market Investment of about N400 million.

Value of properties owned and managed by UPDC REIT is about N23 billion, money market Investment of N4 billion in 2018. N3 billion was redeemed in 2019, which UPDC REIT used in buying Kingsway building Marina from UPDC

megamart247:


emmanuelewumi and meine are doing the works of their father which is the devil but they can only deceive the gullibles and unsuspecting investors.

PETERiCHY:


It's this type of analysis-paralysis that made you miss BUA & only discovered NEIMETH when it has already gained 250%

rebekah2011:
You are correct Sir with the figures. I am only concerned about the returns therein for me as a shareholder in both entities. At today's prices SFS
is available at N62.40, there is a proposed distribution of N7.30 UPDCReits is available at N3.50 - I do not know why they have removed the audited accounts of UPDC REITS from the NSE website

emmanuelewumi:


The result comes out around July. Going forward the REIT will generate additional income from the purchase of Kingsway building from UPDC.
There are 2 banks, an eatry outlet, many shops and offices at Kingsway building, I expect a conservative annual rental income of about N200 million from this Investment

rebekah2011:
You are correct Sir with the figures. I am only concerned about the returns therein for me as a shareholder in both entities. At today's prices SFS
is available at N62.40, there is a proposed distribution of N7.30 UPDCReits is available at N3.50 - I do not know why they have removed the audited accounts of UPDC REITS from the NSE website

rebekah2011:
You are correct Sir with the figures. I am only concerned about the returns therein for me as a shareholder in both entities. At today's prices SFS
is available at N62.40, there is a proposed distribution of N7.30 UPDCReits is available at N3.50 - I do not know why they have removed the audited accounts of UPDC REITS from the NSE website

rebekah2011:
When you see people get too emotional about a particular stock, they are blinded to see what others are seeing. whatever gains that UACN or UPDCREITS will give, it may likely be consumed by the liabilities that UPDC will thrust upon one.

leo1234:
The Bargain hunters,Bargain followers and Bargain hunted are after you.

Uchetoba:
SOME REASONS UACN & UPDC HAVE TO DO THE UNBUNDLING PROJECT.

1. To save the conglomerate (UACN) from being dragged any further into losses by UPDC.

2. To enable UPDC steer out of the loss making territory and back to profitability by reducing their debts to a serviceable level.

3. To creat more value for the investors of of UACN & UPDC so that the:
(a) Investors of UACN will now have direct investments in and be receiving dividend (whenever they are declared) directly from UACN, UPDC, & UPDC REIT.
(b) Investors of UPDC will now have direct investments in and be receiving dividend (whenever they are declared) directly from UPDC & UPDC REIT.

Uchetoba:
THERE IS HOPE FOR UPDC.
Yes I said there is hope for UPDC because wapco was in that territory of losses for some years before raising some mone through right issues, and also sold their loss making South African company and cleared most of their debts and brought it down to a very serviceable level. Now wapco is back to profitabilty. The principle being applied by UPDC in raising found through right issue and clearing their debts, is very similar to what wapco did to return to profitability. Therefore there is hope for UPDC.

rebekah2011:
That is good. If I see cash I will see if I can key into buy small units.

Chibuking81:
Any markdown on their share price today, due to their newly listed light issued?

rebekah2011:
That is good. If I see cash I will see if I can key into buy small units.

Uchetoba:

Those that will listen to disceivers like emmanuelewumi and meine will come back to complain again after the unbundling, just as they complained after the merger of ccnn and obu cement.

Uchetoba:


Uacn may fall back to 4 naira or there about so that I can enter comfortably

As for that good for nothing uac-prop I will not go close to it except it falls to 60 kobo

Uchetoba:


What even prompted the rally, how come it surdenly moved from 4.5 naira to above 6 naira any new? Uacn I mean

Uchetoba:


I see no reason for uacn and updc to rally this much, updc is a never do well. As long as the name of updc is attached to updcreit the value can only go down and not up.

Lets even look at it this way, assuming updc do a right issue of 1 new share for every 2 shares originall held, and is fully suscribed, the the pro rata allotment of the updc shares to the shareholders of uacn may result to not more than 1 for 1, and that of updcreit may result to 1 unit of updcreit for 2 shares updc or there about. If that be the case then the shareholder of uacn will have 2 shares of useless updc and 1 unit of updcreit on top of every 2 shares of uacn held. Is that why somebody should struggle to buy uacn at over 6 naira or updc at 1naira+?

I will only buy uacn at 4 naira and below, and updc at 60 kobo or there about.

Uchetoba:


UPDC is about doing the needfull: returning to 60 kobo. I epect UACN to follow suit by tomorrow.

Uchetoba:
...

Mcy56:

Uchetoba, I think it's enough now.
You've said your own.
Allow time to set the record straight just like OGG said. July is around the corner, we'll know who's right or wrong.

PETERiCHY:


You are now getting the drift. Of course no markdown and the sharing formula won't change..

Ratherr just like the case of AIICO the UPDC RIGHT ISSUE were used by the COWBOYS to increase their holdings in UPDC

Note the qualifications date for the right issue was dated back to Sept 30th 2019 that tell you there is COOKIES IN THE JAR.


ABOVE ALL FEW WEEKS AGO I ASKED THE QUESTION BELOW.


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

In 2017 another UACN subsidiary called UPDC raised N5b right issue at N3 per share

Again in 2020 UPDC raised another N15.96B via right issue at N1.00 per share

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


Now that UACN the parents want to unbundle their 94% shareholding in UPDC and their 65% shareholding in UPDC REITS and split the shares among their minority shareholders.

Now ask yourself after all this billions were pumped into UACN and iit subsidiary what do you thiink will be the VALUE of UACN


PONDER ON THAT AND DON'T BE DISTRACTED BY ANY SNAKE.

BARGAIN HUNTERS TAKE NOTE!

OakPearl:
I hate to do this, but why the incessant name calling? Couldn't you have stated your point of argument with regard for others?
Have you forgotten your position on this same stock you harassed me, Agba and OGG for?
Were you called names back then when you held contrary views in September 2019?

Meanwhile, some time in Sept 2019

Please advise yourself bro!

onegentleguy:


Honestly, I was just about doing the very same thing u just did.(digging up some of his past post)
This was the very same person who on several occasions, criticized my many analysis on this same UACN @ the time the coy was selling for btw N4.5 and N4.6.

The guy is one and the same person(see my post above)
I wonder why he'd sometimes stoop so low and "run himself down to the eight"
It's really not good for his person.
I hope he'd have a rethink and try to act a bit more mature.

Regards

robobo:
Oga Loco
i beg what is the name of that website you derive technicals from

Godlylifeoneart:


Wishful thinking is not a crime
If only you had an idea on the massive corporate corruption going on in UACN, only then you will know that all the money generated via right issues has gone down the drain.
This is a company with one of the worst tender and procurement processing in the FEDERAL REPUBLIC.
HIGH EXECUTIVES SALARIES AND REMUNERATIONS DESPITE POOR RETURNS ON SHAREHOLDERS INVESTMENT.
This conglomerates has no interest in their shareholders.
They are after stealing and draining the potential returns on shareholders investment.
Have you ever asked yourself if any of the previous divestment and unbundling ever benefited shareholders in Price appreciation and dividend return?
UNIC insurance... No benefit
Livestock.... No benefit
UACN REGISTRARS.... NO BENEFIT
CAP Plc... Nonr
Portland paint... None
Mr. Biggs... None
The situation of this company is worst than Nigeria situation.
If the management can turn things around, then we will appraise them in the future.

Jenny008:
What do you really mean by if I am chanced, I may opt to be trading for myself? will this option aid fast mandate execution?. I will fancy this considering I want to dabble into day trading.

Also, with fast trading/ease of trading as the key decision factor, which brokerage is most preferred between Morgan Capital and Greenwich Mytradebook?