Hoping UBA will come down to sub-N6 self [/quote]

UBA is surely coming down, 56m offer as against 19m Bid

I am just wondering, amongst the banks that submitted audited results to CBN for regulatory approval, UBA was amongst the last, how come their result is coming out before the rest?
I remember GTB and Zenith submitted way before UBA.

Mpeace:
I am just wondering, amongst the banks that submitted audited results to CBN for regulatory approval, UBA was amongst the last, how come their result is coming out before the rest?
I remember GTB and Zenith submitted way before UBA.

That is what is called LIFO, Last in, first out

dharpzee:


That is what is called LIFO, Last in, first out

But why is it so? Why (sic)LIFO

Any stock pick for this week

dipoolowoo:
UAC Nigeria Transfers 946.6 million Shares to Custodian Investment
https://businesspost.ng/economy/uac-nigeria-transfers-946-6-million-shares-to-custodian-investment/

CBN Chops Interest Rate on Savings Deposit to 1.25%
https://businesspost.ng/banking/cbn-chops-interest-rate-on-savings-deposit-to-1-25/

That's the first 5.1% of 51%. The balance of 45%+ will be done later. Probably when Custodian turns some assets to cash to pay for it.

Mpeace:
I am just wondering, amongst the banks that submitted audited results to CBN for regulatory approval, UBA was amongst the last, how come their result is coming out before the rest?
I remember GTB and Zenith submitted way before UBA.

I believe most of them will release their results this week.

TLAX:


That's the first 5.1% of 51%. The balance of 45%+ will be done later. Probably when Custodian turns some assets to cash to pay for it.

They should be able to pay the balance in less than 2 months.

Custodian paid interim dividend yesterday. N8 billion should not be a big issue, they have enough liquid assets.

TLAX:


That's the first 5.1% of 51%. The balance of 45%+ will be done later. Probably when Custodian turns some assets to cash to pay for it.

Does it mean there is still going to be a form of unbundling in UPDCREIT?

TLAX:


That's the first 5.1% of 51%. The balance of 45%+ will be done later. Probably when Custodian turns some assets to cash to pay for it.

Does it mean there is still going to be a form of unbundling of UPDCREIT?

ukay2:


Thank you Sir

But let's punish UBA small for not given us our 20k or increase it to 25k self..

....don't we need donations to ourselves as shareholders in this pandemic too?

Hoping UBA will come down to sub-N6 self

Sense man...you want to buy more at lower prices. It wont happen

There won't be any meaningful drop in share prices they way i see it for now. I believe worst case scenarios have been priced in.

.....or it may well be the case of information trailing share price instead of vice versa as we were led to believe about "perfect markets". Take Guinness as case study.

sky2891:

Does it mean there is still going to be a form of unbundling in UPDCREIT?

Yes...that's what the presentation from the company suggests.

TLAX:

Yes...that's what the presentation from the company suggests.

Definitely, it will favour UACN shareholders. Right?

sky2891:

Does it mean there is still going to be a form of unbundling of UPDCREIT?

I think so, if you have UPDC shares

UPDC has 1.7 billion shares out of the 2.67 outstanding shares of UPDC REIT.


I think 1 UPDC REIT shares for every 11 shares of UPDC is possible

dharpzee:

Hoping UBA will come down to sub-N6 self

UBA is surely coming down, 56m offer as against 19m Bid

Pls how does one check the bid and offer

http://www.nse.com.ng/Financial_NewsDocs/31350_U_B_A_PLC-UNITED_BANK_FOR_AFRICA_PLC_-_CORPORATE_ACTIO.pdf

Qualification/Payment dates - September 15/September 23

ukay2:
But let's punish UBA small for not given us our 20k or increase it to 25k self..
....don't we need donations to ourselves as shareholders in this pandemic too?
Hoping UBA will come down to sub-N6 self

Why should UBA be punished if I may ask sir?
With covid effect which we already envisaged will have serious impact on coy's 2020 Q2 results, we should rather say that UBA really tried for even paying any interim div self, not to talk of them paying 3kobo less the normal interim div.
The donations to FG on covid is a form of biz in disguise if you ask me.
Anyway, if UBA will visit sub N6 like you said, it can't be around this time.......let's wait and see what GAZ will pay first.... before concluding on 'punishing' or not.

emmanuelewumi:



I think so, if you have UPDC shares

UACN seems to be retaining 49% of its holding in UPDC. Please, How will this affect UACN shareholders?

TLAX:


That's the first 5.1% of 51%. The balance of 45%+ will be done later. Probably when Custodian turns some assets to cash to pay for it.

Good day house is UPDC PLC and Custodian PLC good buys now?

emmanuelewumi:



They should be able to pay the balance in less than 2 months.

Custodian paid interim dividend yesterday. N8 billion should not be a big issue, they have enough liquid assets.

I believe so. They hold a lot of liquid assets. Besides its a borrowers market right now.

DUNKA:
Good day house is UPDC PLC and Custodian PLC good buys now?

Keep eye on custodian and be monitoring it's price movement so you can key-in at relatively low price.
Custodian is a good coy with good fundamentals.......though I don't know the extent UPDC % buy over will impact on the share price........but support has been sighted at 4.80 for quite some days now.......don't know if it will fall further or stay at car park for sometimes before moving Northwards.........not really a stock for jijoists but long termers.........my opinion.

DUNKA:
Good day house is UPDC PLC and Custodian PLC good buys now?

No Info on UPDC.

Custodian appears to be a decent company but "I" will not pay more than N4.43 for it.

Mpeace:
I am just wondering, amongst the banks that submitted audited results to CBN for regulatory approval, UBA was amongst the last, how come their result is coming out before the rest?
I remember GTB and Zenith submitted way before UBA.

This surprised me too.
UBA was the last to submit among the Ugaz. Wonders of NSE. Those guys needs to wake up to their responsibilities.

Quite a lot of trading ongoing in GTB and Zee now.......seems result is around the corner...
Or should I say quite a lot of attention on Zee.......GTB performed some stunts in Aug.......hope GTB hasn't price-in the dividend already. Lol.
Caveat: Just observation.

http://www.nse.com.ng/Financial_NewsDocs/Audited%20Financial%20Statement%20-%20Year%20%20Ending%20March%202020-min.pdf

http://www.nse.com.ng/Financial_NewsDocs/Unaudited%20Financial%20Statements%20for%20the%20First%20Quarter%20ended%2030th%20June%202020.pdf


Looks like Good ol' is about to come back to life. Very testy market and industry segment to reluanch into but then there is no perfect time. I wish them all the best. Entrepreneurs make the economy move forward. Pages 5 onwards of the annual account are informative.

Zagee:
Hahaha.. Ran away with my small loot to America

You ran when you saw some pullbacks and level of inactivity. Do you think it's easy to move such stock? Reason patience is key in this type of stock.
The movers don't need me and you when they're ready.

Mcy56:

You ran when you saw some pullbacks and level of inactivity. Do you think it's easy to move such stock? Reason patience is key in this type of stock.
The movers don't need me and you when they're ready.

No doubt. But not everyone has that kind of weight to sit in a stock I'm that kind who launches an all out attack to raise significant gain.

That patience comes with a good steady cash inflow


And the way I look at it, it will be more profitable to stick to an oil coy in diaspora than this one in-country. In terms of ROI

BTW are there any possibilities of seeing DANGCEM touch the 120s range again

sky2891:

UACN seems to be retaining 49% of its holding in UPDC. Please, How will this affect UACN shareholders?

They still have 44%, very possible that they will gradually sell down their remaining holdings sometimes in the future. They might sell to current Investors of the company

DUNKA:
Good day house is UPDC PLC and Custodian PLC good buys now?

Custodian PLC is a good comany

If Custodian PLC is buying 51% of UPDC, your take position in UPDC PLC and Custodian PLC .

I believe Custodian PLC will manage UPDC PLC well.

http://www.nse.com.ng/Financial_NewsDocs/31355_STANBIC_IBTC__HOLDINGS_PLC-_QUARTER_2_-_FINANCIAL_STAT.pdf

Interim dividend of 40k. Down from N1 in 2019 even though profit after tax & EPS increased. COVID 19 matters.

I know most of the accounts will be released this week.....