My Oga OGG, You cannot say this is a bid now. people are bidding to buy lower. UACN whether we like it or not will get to a position where the price will stabilise and the only way will be up. There are signs to put anyone on an enquiry because management has not been consistent in their utterances. The exit of Blakeney is a pointer that all is not well.

onegentleguy:
^
^^
^^^
Oya oo !! ...make una quick sell off ur stakes in UACN oo !!
Now that pa Emma has given u guyz a confirmento.

Why all these bids? ...currently over 8M against just less 1M offer.
No doubt, I can see its from some of the very same persons who fiercely criticize UACN here. ...their aim is just to seek a means to buy.
Chai !!

Pls sell off ur stakes now !!

It is well.

A TOTAL OF 80,000,000 UNITS OF UACN PLC WERE DONE AS OFF MARKET TRADES TODAY AT N5.75 IN TWELVE DEALS. THESE DEALS WERE NEGOTIATED DEALS BETWEEN CARDINAL STONE SECURITIES LIMITED AS BUYER AND FBN QUEST SECURITIES AS SELLER.

SEC has nothing to do with their results.

Mcy56:

Something may have delayed release of final result, maybe SEC.

The crude oil sales is still significant ooo.

Coolcash1:


When you compare Mobil,Total with Seplat its like comparing apples to oranges. The two companies operate in the downstream sector of the oil and gas industry while Seplat plays in both the upstream and midstream sectors. The good thing about Seplat is the fact that it has been able to diversify its business from excessive reliance on crude oil to gas to protect the bottom line. Thus, there is limited impact of crude oil price fall on profitability having deepened its gas business to produce substantial revenue to support its operations. However, the snag on its gas business is high receivable risk which is a major risk most gas producers face in that sector.

I think beyond macro and micro economic variables affecting its operation, the recent crash in its share price was occasioned by the legal battle its currently facing on the recent restructuring done transforming Seplat as a company from an operating to a non-operating holding company. This has resulted in transfer of assets operated under Seplat to its various subsidiaries which do not have uniform shareholding structure.

Nevertheless, its still a value stock which i see at any price below N290 as a steal.

I just had a discussion with someone I know who took time to explain all that has been happening to them. They used to have this guaranteed investment scheme PEAS which was stopped by SEC and money had to be returned to the subscribers. Unfortunately for them the amount liquidated on the investments was not enough to cover the liabilities and moreover aggrieved persons took them to court and their bank accounts were garnishee by court with priority payment to those PEAS holders at the expense of those who just sold their shares and wanted their money within 3 days. For clients with direct settlement credit system, those do not have problem but once your proceeds get into their bank accounts, you may have to wait. He also said the situation is being addressed.

N.B. I do not work for them ooooo.

Biafran4life:
Those guys are criminals,it took them over a month last year before they credited my account.Though I have not moved my account but stopped transaction with them.They only paid after a lot of treat for just I million

I will sell and keep the cash to reinvest back later if I do not see other stocks of value.

CashDiMkpa:


This is entirely up to you and how you want to play in the market.

Before you buy a stock you must have done your valuation to know if its over priced at current price level. Assume you valued "Stock A" at N5 in January 2020 but it was trading at N8 and you considered that price too high and decide to wait. Eventually, in March 2020 the market prices it at N3.50 and to you the fundamental are still the same. You buy at N3.50 and suddenly in May 2020 the market decides that the price is now N6.00. You look at the fundamentals again and its still okay and your valuation sheet shows the stock should still not be worth more than N5.00.

What will you do?

AXA MANSARD is not an arm of GtBANK. They only have connected persons who have been directors in Gtbank before. Gtassure later bought by Axa Mansard

Mcy56:

Axa Mansard is an arm of GTB, operating independently I think.
GTB might take it back just like you said.

Gtbank will buy it las las

emmanuelewumi:



Axa Mansard is looking for buyers for their pension business subsidiary

Can you please share the number you used to call the registrars with me? I will appreciate the sec e-mail too.
Thanks.

Enyinne:
Thanks sis , lets see what tomorrow will bring .

Thank you Oga OGG.

onegentleguy:


That dude(gloriousdown) is a smart fellow.
He simply computed the C&CE(drawn from the groups net cash flow accruals) and divided it by the OS to get that N6.75 peg.
The ratio, often refered to as cash per share(C/S) measures the health and relative strength of a company by looking in on how much CASH a coy has at its disposal to run a business and generate REWARD for shareholders.
It's a far better indicator to ascertain the reward potential of a coy than EPS, which is why I often laugh when I see some folks talk about only EPS here.
I have always said that indicators(whether in FA or TA) should always be utilized in collectives and never in isolation.

While C/S is ok, as it also took into cognizance all possible adjustment in Fx rate, it doesn't tell the whole story.
There is more to UACN than most folks already know. ...CR, AGPR, AER, EFIR, EM and more !!

Because of the virtual outcry here, I do not wish to do any more expository analysis on UACN.
People should PLS SELL their holdings, so those who appreciate VALUE can mop up more.
Soon, some persons will begin to see "the light"
For though they see the financial print now, they do not see the feasible REWARD.

We have since stoped talking about UACN.

Selah

Thank you. A quick look at the balance sheet shows that you arrive at the computation by using these figures N19449433 / 2881296. =N6.75
You ignored borrowing liabilities of N7,692,148 and the income tax liabilities of N5b ( I must state that the company may have enough withholding credit notes to use to settle these tax liabilities). There is also dividend payable of over N5b. So do not take the cash and cash equivalent on the balance sheet in isolation, do consider other items.

gloriousdawn:


http://www.nse.com.ng/Financial_NewsDocs/29891_U_A_C_N__OF_NIGERIA_PLC._FINANCIAL_STATEMENTS_MAY_2020.pdf

Can you please share the Q1 results, I cannot find it on the NSE website.

gloriousdawn:
I may be wrong, but I can not ignore this amount of cash that UACN is sitting on.
N6.75 cash per share, Q1 2020 report for a N7 per share stock.

Another Dangote Flour in the making.

I think I have said it here before. Someone I know worked with them right from PH, Lagos, and Dubai. When I had high hopes in the company, he will just be smiling. The company started very well but the owner just got too greedy. He took too much from the business.

Mcy56:


My boss have spoken. I won't argue again.......but don't forget there can be diversification and all that goes with it.

You have experience not by what happened to others but to you. So I will understand why you want to be careful and play it safe with all your future investments. some are yet to get to where you are currently at and please allow them to learn there is always a lesson to pick from this market at every moment. I always remember Oracle, he will say, I am a fat man and there is little room for me to get out when everyone is trying to get out at the same time. I am yet to become a fat man like him and I am still learning how to play this JIJO.

GonFreecss1:


Not so strategic for people left holding the Kaya. All this one you are saying sir, I have been in the trenches of illiquidity and dirty mud pulling me and my asset down slowly while we watched on with nothing to do. Strategy you say? Strategy is useless when you can’t predict mass human behaviour or the psychological Capacity of people in the market. Finance is much more about psychology than knowledge of Finance itself.

What other people could have done doesn’t matter. It is what happened that I am saying and if you check what someone here posted, you will see there was a huge volume on the 26th, most probably the day of the cash out, the day of the soldado...

And what then happened days after that? The numbers don’t lie. Neimeth keeps crashing down daily and shares traded keeps going down with it. Classic pump and dump. I have experience in the crypto world seen it very well, so I know the pattern. All those mathematics you are doing... lol!

Madam, not with this Japaul now. There is nothing to turn around in that company joor. Just do your JIJO and watch your back.

Mcy56:

My dear you said it all.
If I have enough money to buy, then it also means I have more money left to turn the coy around for good.
Yes, I'll buy it.

Why do you think an investor put money on AG Leventis, Dangflour and the likes and even bought them out at premium?

Madam, I agree with your statement.

Mcy56:
All these our big big ogas and moneybags, abeg make Una leave our penny stocks for us biko.
Make Una concentrate on your big caps and be dragging them among yourselves.

I like it that you have always stated that there are RISKs and REWARDs in any investment venture. The reward is when the stock delivers but the risk is when people get stuck. Illiquid stocks always do yoyo dance on the NSE and I think we should always have this at the back of our minds. No matter what you say to anyone to exercise caution in choosing the stocks to play as long as they escape and make plenty of gains it will be good. The day they will get stuck in any stock is the day they will also weigh their REWARDs against the RISKs they want to take in the future.

onegentleguy:


So u are the only one who didn't know that GSK also delivered near 130% gain, and FIDSON over 102% in ROI.
For u, only NEIMETH delivered a gain good enough to tag it "a SUSPECT"

Some coys in the US, EU and a few EMs have delivered near 1000-1,500% gains, even with a far less healthy fundamental.
...but then, I know u won't tag them as pump and dump. Am sure u'd rather say its a well regulated mkt !!
But if a coy delivers above 300-500% here, it becomes a clear case of pump and dump.
What a world we live in !!

It is well.

AIICO bonus of 1 for 5 markdown date has been shifted to September 23, 2020. The right issue has nothing to do with the market price. It was stated that the rights will be at the price of 80k per share.

Chibuking81:
AIICO will join 52 weeks low after their mark down, next tomorrow ( 5 share bonus ÷ 13 share = 0.38k. Then current price of 0.97 k - 0.38 = 59 kobo against their current 52 weeks low of 60 kobo)

FUGAZ is an acronym for First Bank, UBA,
Gtbank, Access and Zenith Bank

IYGEAL:
And the person who asked about FUGAZ may still not know what it means. I was banned for it too.

http://www.nse.com.ng/Financial_NewsDocs/30612_JAPAUL_PLC_-_AGM_CORPORATE_ACTIONS_JUNE_2020.pdf

Japaul the Gold digger.

http://www.nse.com.ng/Financial_NewsDocs/28844_HONEYWELL_FLOUR_MILL_PLC_FINANCIAL_STATEMENTS_JANUARY_2020.pdf
A company must make a profit for the tax waiver to make any sense.

akinssan:


I guess is the tax wavier stuff.

Is there ever a wrong time to learn by personal experience? he will have time to average down.

RabbiDoracle:




Wrong timing.

Yes, if the content of the offer document says so. That is why they always get the clearance from the courts too.

IYGEAL:


This means taking the shares from you by force, decidedly.

I did not fill any form but was paid the full value for my shares in the company.

emmanuelewumi:



The premium offered by Olams was too juicy to be ignored. A company that did not pay dividends for about 4 years, Investors will be interested to cash out

In the case of some, you will be paid irrespective of you electing to remain a shareholder. DFM is a case.

IYGEAL:


Wow. I thought when companies delist voluntarily that all ordinary shareholders are forced to relinquish their shares at a premium.

Obu Cement has merged with BUA cement. I wonder who is going to be the beneficiary of OBU's Pioneer Status.

nna777:


So just to remind us that Fidson and Wapco also are among those on tax holiday too ( as regards no WHT on declared dividends till 2022)

Thank you.

dominique:


Rebekah2011's response to Mcy56 got hidden by the spambots two days ago is now visible. No need to quote the post so as not to get banned by the bots again

Pioneer Status will make meaning when the company is able to make profit.

Great to be back.

megawealth01:
So is it a good buy?

Diamond advanced about 66m dollars to JAPAUL for its operations. Unfortunately, the cash flows of the business could not service these loans and thus accumulated about 11m dollars in interests and penalties. When Access Bank took over Diamond, as per say Access bank managers no dey waste time, they demanded for their money and went all out to recover what was feasible. The way bank loans work sometimes is that you may continue to repay the interest on a loan without covering much of the capital. Banks will continue to charge and build up interest. At a time Japaul took Access Bank to court because of excess charges and that must have accounted for certain charges that were no longer required and had to be written back to income. https://www.proshareng.com/news/Frauds---Scandals/Access-Bank-vs-Japaul-Plc---FHC-Judgment/45247

I am not sure if Access bank has been able to get cash proceeds for all the assets disposed of. I think Access settled for a final payment of around 38b Note 11.3a tells the story better. The proceeds of the assets sold are in excess of N55b.

Mcy56:
Can someone pls check page 6 and interprete what this statement means under other income:
I mean un-biased person pls.

3 Other Income N'000 N'000
Provision no longer required is as at result of Access/Diamond Banks debt waiver together with Finance and Operating leases written off

http://www.nse.com.ng/Financial_NewsDocs/28794_JAPAUL_OIL_-_2019_Q4_FINANCIAL_STATEMENTS_FEBRUARY_2020.pdf

@Rebekah2011 can you pls help out here.