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Nairaland Forum / Nairaland / General / Investment / Nigerian Stock Exchange Market Pick Alerts (11454222 Views)
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Re: Nigerian Stock Exchange Market Pick Alerts by JAS10: 6:18pm On Aug 03, 2020 |
You are truely back. Hbd currentprice: |
Re: Nigerian Stock Exchange Market Pick Alerts by currentprice: 6:19pm On Aug 03, 2020 |
Re: Nigerian Stock Exchange Market Pick Alerts by emmanuelewumi(m): 6:20pm On Aug 03, 2020 |
The unbundling of UPDC and UPDC REIT is dead on arrival 6 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by Salvationone: 6:22pm On Aug 03, 2020 |
Ogg,help touch light on UACN |
Re: Nigerian Stock Exchange Market Pick Alerts by emmanuelewumi(m): 6:24pm On Aug 03, 2020 |
Custodian and Allied Insurance is now the core Investor of UPDC and UPDC REIT 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by emmanuelewumi(m): 6:25pm On Aug 03, 2020 |
Never trusted the management of UACN from day one 5 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by Salvationone: 6:26pm On Aug 03, 2020 |
Oga,what is our faith on UACN 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by sky2891: 6:27pm On Aug 03, 2020 |
![]() emmanuelewumi:Please, What does this hold for shareholders of UACN? And how will UACN utilize the proceeds from this transaction? Exceptional dividend? lol Fingers crossed |
Re: Nigerian Stock Exchange Market Pick Alerts by OBAGADAFFI: 6:30pm On Aug 03, 2020 |
emmanuelewumi: You mean Custodian investment PLC Good news. |
Re: Nigerian Stock Exchange Market Pick Alerts by Salvationone: 6:32pm On Aug 03, 2020 |
Re: Nigerian Stock Exchange Market Pick Alerts by OBAGADAFFI: 6:34pm On Aug 03, 2020 |
emmanuelewumi: I think the UACN management were just looking for buyers for (UPDC and REIT). Custodian gave them a good deal. 3 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by sky2891: 6:39pm On Aug 03, 2020 |
OBAGADAFFI:Please, What does this hold for shareholders of UACN? And how will UACN utilize the proceeds from this transaction? Exceptional dividend? lol Fingers crossed |
Re: Nigerian Stock Exchange Market Pick Alerts by sky2891: 6:39pm On Aug 03, 2020 |
OBAGADAFFI:Please, What does this hold for shareholders of UACN? And how will UACN utilize the proceeds from this transaction? Exceptional dividend? lol Fingers crossed |
Re: Nigerian Stock Exchange Market Pick Alerts by OBAGADAFFI: 6:48pm On Aug 03, 2020 |
sky2891: This depends on what UACN wants to offer shareholders. But UACN is unattractive. It is better to take position in UPDC and REITs. Just my opinion |
Re: Nigerian Stock Exchange Market Pick Alerts by chibjohn(m): 6:52pm On Aug 03, 2020 |
Flour Mills Analysis... 8 Likes 1 Share
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Re: Nigerian Stock Exchange Market Pick Alerts by Tvegas(m): 7:16pm On Aug 03, 2020 |
sky2891:This means you are at the mercy of the managers of UACN they may pay you a special dividend if they are born again. If they are not born again they may pilfer the proceeds from the sales of UPDC and UPDC REIT via reinvestment in the business. Speculative investment can be very risky. UACN management hasn't done anything illegal though. They didn't sign agreement with any shareholder to buy UACN because of the unbundling. Everyone was just speculating. 3 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by Tvegas(m): 7:19pm On Aug 03, 2020 |
emmanuelewumi:To imagine that you spoke about probable asset stripping by the new managers months ago. 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by megawealth01: 7:38pm On Aug 03, 2020 |
Is it still profitably existing? ![]() Salvationone: |
Re: Nigerian Stock Exchange Market Pick Alerts by naturalflow: 7:43pm On Aug 03, 2020 |
make una dey paste am na,as e dey hot.http://www.nse.com.ng/Financial_NewsDocs/31164_U_A_C_N__OF_NIGERIA_PLC.-CUSTODIAN_SIGNS_BINDING_AGREE.pdf |
Re: Nigerian Stock Exchange Market Pick Alerts by naturalflow: 7:44pm On Aug 03, 2020 |
Re: Nigerian Stock Exchange Market Pick Alerts by onegentleguy: 7:45pm On Aug 03, 2020 |
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Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 7:50pm On Aug 03, 2020 |
jideflash: Can I predict a stock that will loose another 10% tomorrow to win #1,000 airtime from you? 3 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 7:52pm On Aug 03, 2020 |
talk2me2: You see your life? You no fit dash me #100 airtime from the #500. Better no go there again.Tomorrow na my own turn. |
Re: Nigerian Stock Exchange Market Pick Alerts by DrAwo(m): 8:09pm On Aug 03, 2020 |
chibjohn: Excellent Sir (I'm assuming you are a sir)... Please make my day by telling me you made this chart yourself...... |
Re: Nigerian Stock Exchange Market Pick Alerts by emmanuelewumi(m): 8:12pm On Aug 03, 2020 |
Custodian will now own 51% of UPDC, what percentage share of the company will UACN have. Assuming the unbundling will continue, based on the new holding of UACN in UPDC, what will the new share allocation ratio for UACN shareholders in UPDC? What is the new holding of UACN in UPDC REIT based on the recent development |
Re: Nigerian Stock Exchange Market Pick Alerts by Tvegas(m): 8:14pm On Aug 03, 2020 |
emmanuelewumi:Note the bolded Statement from UACN MD Fola Aiyesimoju Folasope Aiyesimoju, Group Managing Director of UAC, said: “The Transaction is a significant step in achieving our objectives for UPDC. In 2018, the Board and management of UAC embarked on a strategic review to evaluate the performance of the company and its subsidiaries. The objective was to achieve sustainable positive financial performance from our existing operations and enable management focus on businesses that align with our strategy. In reviewing UPDC, the Board weighed the long-term opportunities in the Nigerian real estate sector against the fundamental differences between the cash flow profile and capital needs of UPDC and those of the other entities in UAC’s portfolio. Following its review, the Board concluded that it would be in the best interest of UAC to exit its interest in the real estate sector,allowing UPDC to operate as a standalone legal entity, free to source appropriately structured capital and to unlock value for its shareholders. In September 2019, the Boards of Directors of UAC and UPDC jointly announced three significant strategic initiatives aimed at strengthening UPDC and positioning the company to operate as a standalone entity. This included a rights issue to recapitalise the business, plans for UAC to transfer UAC’s equity interest in UPDC pro-rata to UAC’s shareholders (“UPDC Unbundling”), and plans for UPDC to unbundle the UPDC REIT to its shareholders (“UPDC REIT Unbundling”). The ₦16 billion UPDC rights issue was successfully completed in April 2020, proceeds of which were used to reduce borrowing costs and significantly improve UPDC’s capital position. In the process of progressing the unbundling initiatives, UAC received a credible offer from Custodian. The terms of the offer compelled the Board to re-evaluate the planned approach to deconsolidate UPDC and influenced the Board’s decision to proceed with the sale of a portion of UAC’s interest in UPDC to Custodian, effectively putting an end to the UPDC Unbundling. We are delighted about the positive impact that a strong anchor shareholder like Custodian will have on UPDC and are focused on ensuring a smooth transition.” 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by OBAGADAFFI: 8:15pm On Aug 03, 2020 |
Re: Nigerian Stock Exchange Market Pick Alerts by emmanuelewumi(m): 8:21pm On Aug 03, 2020 |
Tvegas: Thanks for the observation. UAC should just sell all their holdings in the company. With this transaction Custodian will own 51%, while UACN will own 40% of UPDC |
Re: Nigerian Stock Exchange Market Pick Alerts by OBAGADAFFI: 8:22pm On Aug 03, 2020 |
Tvegas: So they where looking for investoers, whlie telling us the want to Unbundle. Well i am happy that Custodian got the large chunk. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by chibjohn(m): 8:32pm On Aug 03, 2020 |
DrAwo:Thanks. I did it myself. The inspiration to post it was from you. 7 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by aremso(m): 8:45pm On Aug 03, 2020 |
emmanuelewumi: So what is the hope of the unbundling gengs? |
Re: Nigerian Stock Exchange Market Pick Alerts by emmanuelewumi(m): 8:54pm On Aug 03, 2020 |
aremso: I learnt there would not be any unbundling again. I think the new Investors will turnaround UPDC |
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