Insider Dealing: Blakeney Sells 80m UAC Shares, Reduces Stake

UAC of Nigeria Plc has disclosed that one of its substantial shareholders, Blakeney LLP, has sold part of its shares in the company.

In a statement signed by Godwin A. Samuel, Company Secretary and Legal Adviser, UACN, Blakeney LLP sold 80,000,000 shares of UAC Nigeria on August 5th, 2020.

According to the company, Blakeney sells a unit share at N5.75 at the Nigerian Stock Exchange trading floor in Lagos.

https://investorsking.com/insider-dealing-blakeney-sells-80m-uac-shares-reduces-stake/

Nigerian Stock Exchange Closes the Week Strong, Gains N181 Billion

The Nigerian Stock Exchange gained for five consecutive days this week to close the week strong. This is coming amid mixed second-quarter earnings reports from various listed companies.

The Exchange gained N181 billion or 1.41 percent from N12.882 trillion it closed last week before the Sallah holiday to N13.063 trillion this week. While the market capitalisation of listed stocks expanded by 1.41 percent or 348.16 basis points from 24,693.7 bps it closed last week to 25,041.89 bps this week.

https://investorsking.com/nigerian-stock-exchange-closes-the-week-strong-gains-n181-billion/

Jumia Stock Jumps More than 300% in Three Months

Jumia stock has risen more than 300 percent in the last three months despite the COVID-19 pandemic and a general decline in household income in Nigeria, Africa’s largest economy.

Shares of Nigeria’s first e-commerce company rose from $4 per share on 18th of May, 2020 to $8.95 on July 21, 2020 before more than double that number this week to $16.28 per share after hitting $21 per share on Monday. The Jumia stock has risen by 307 percent since May 18th 2020.

https://investorsking.com/jumia-stock-jumps-more-than-400-in-three-months/

Tvegas:
The volume of Mouth on UACN matter in this thread won't allow it to rise even if it wants to rise. I have never seen a more polarising stock. UACN is the Donald Trump of NSEMPA.

Once the new deal is priced in, it won't rise.

OBAGADAFFI:
FLOUR MILLS NIG shakara full-bid ended

Not easy to do 184% increase in PAT.

Custodian Investment to Purchase 51% Stake in UACN Property Company

The management of UAC of Nigeria Plc on Monday announced that they have entered into a binding agreement with Custodian Investment Plc for Custodian to acquire a 51 percent equity interest in UACN Property Development Company Plc (UPDC) from UAC.

In the statement released by the UAC of Nigeria on the Nigerian Stock Exchange, the company said Custodian will acquire 9,465,584,668 UPDC ordinary shares held by UAC, representing 51 percent of UPDC’s issued share capital.

The company further stated that the sale of shares will be done in two tranches.

https://investorsking.com/custodian-investment-to-purchase-51-stake-in-uacn-property-company/

Insider Dealing: Zenith Bank’s non-Executive Director Purchases 578,574 Zenith Shares

Zenith Bank Plc on Monday disclosed that a non-Executive Director, Prof. Oyewusi Ibidapo-Obe, purchased 578,574 shares of Zenith Bank Plc.

In a statement released on the Nigerian Stock Exchange and signed by Michael Osilama Otu, Company Secretary/General Counsel, Zenith Bank, the lender said the transaction took place on May 15th 2020 at the Nigerian Stock Exchange in Lagos.

https://investorsking.com/insider-dealing-zenith-banks-non-executive-director-purchases-578574-zenith-shares/

Insider Dealing: Tony Elumelu Adds 2.199 Million UBA Shares to His Holdings

Tony O. Elumelu, the Chairman of the United Bank for Africa and Heirs Holding Limited, purchased additional 2,199,373 shares of United Bank for Africa Plc.

In a statement signed by Bili A. Odum, Company Secretary, UBA and released on the Nigerian Stock Exchange, the bank stated that Mr. Tony O. Elumelu bought the shares on Wednesday, July 22, 2020 from the Nigerian Stock Exchange in Lagos at an average price of N6.15 per share.

https://investorsking.com/insider-dealing-tony-elumelu-adds-2-199-million-uba-shares-to-his-holdings/

RabbiDoracle:


The document available on NSE website showed that the Chairman of Caverton sold 39m units and not purchased that you wrote.

Thanks bro

Insider Dealings: Caverton Executive Sells 39 Million Shares

Caverton Offshore Support Group has disclosed that an inside sold substantial stake following the disclosures of two other purchases by executives on the 15th of June.

In a statement released on the Nigerian Stock Exchange, the company said Aderemi Makanjuola, the company’s chairman, sold 39,000,000 ordinary shares between June 9 – 15.

In a move that suggested the deal was carefully done not to raise eyebrows, Makanjuola carried out the transaction in nineteen different deals at an average price of N2.20 per share.

https://investorsking.com/insider-dealings-another-caverton-executive-buys-39-million-shares/

Inflation rate rises to 12.56 percent in June

The inflation rate rose to a record high in Nigeria, Africa's largest economy, in the month of June, according to the National Bureau of Statistics (NBS).

In the NBS report released on Friday, the Consumer Price Index (CPI), which measures the inflation rate in an economy, rose by 12.56 percent year-on-year in the month of June, representing an increase of 0.16 percent when compared to the 12.40 percent recorded in May.

https://investorsking.com/nigerias-inflation-rate-rises-to-12-56-percent-in-june-nbs/

Airtel Africa to Announce Q1 2020 Financial Results on July 24th

Airtel Africa Plc, Africa’s leading telecommunications and mobile money services company, on Thursday said it would release its financial statements for the period ended 30, June 2020 on the 24th of July 2020.

The telecom giant said the management would host a conference call on the day of release to respond to questions from analysts and investors at 9:30 am BST.

https://investorsking.com/airtel-africa-to-announce-q1-2020-financial-results-on-july-24th/

Insider Dealings: FCMB, AIICO, Others Disclose Shares Dealing by Insiders

In line with our commitment to consistently update Nigerian stock investors on insider dealings, here are the latest insider dealings in the Nigerian Stock Exchange.

The FCMB Group Plc disclosed that Mr. Olusegun Adedeji Odubogun, a non – executive director, purchased 200,000 ordinary shares of the company on June 2, 2020, in Lagos, Nigeria.

A breakdown of the transaction revealed that Mr. Odubogun bought 60,000 units at N1.78 per share while the remaining 140,000 units were acquired at N1.79 per share.

https://investorsking.com/insider-dealings-fcmb-aiico-axa-mansard-disclose-shares-dealing-by-insiders/

Axxela Funding Listed N11.5 Billion Bonds on Stock Exchange

Axxela Funding 1 Plc listed N11,500,000,000 Series 1 bonds at a 14.30 percent fixed rate on the Nigerian Stock Exchange on Thursday.

The bonds expected to mature in 2027 were issued under the N50,000,000,000 Bond Issuance Program today.

https://investorsking.com/axxela-funding-lists-n11-5bn-bonds-on-the-nigerian-stock-exchange/

debeey87:
That will be in addition to the over 130m units they currently have.

Yes, they bought 20.5 million in June as well.

United Alliance Buys Another 6,115 Shares in Wapic

Bringing United Alliance total purchase of Wapic Insurance shares to 30,561,360 in the month of July.


https://investorsking.com/united-alliance-buys-another-6115-shares-in-wapic/

Conoil, Dangote Sugar, Vitafoam Drag Stock Market Slightly Down

The Nigerian Stock Exchange (NSE) closed slightly in the red on Thursday as Conoil, Vitafoam and Dangote Sugar dragged down the nation’s bourse.

The market capitalisation of listed equities depreciated by N1 billion from N12.665 trillion on Wednesday to close at N12.664 trillion on Thursday.

However, the NSE All-Share Index declined by 0.01 percent from 24,278.07 basis points recorded on Wednesday to settle at 24,276.56 bps.

read more here https://investorsking.com/conoil-dangote-sugar-vitafoam-drag-stock-market-slightly-down/

BullBearMkt:

...absolutely great info!!! Tx

You are welcome. Read the complete article...

Also, follow the insider dealings tab. I will be tracking and detailing it daily....

Here is Why You Should Monitor Insider Dealings as a Nigerian Stock Trader

Since the Nigerian Stock Exchange (NSE) mandated listed companies to disclose insider dealings, a lot has changed as traders and stakeholders now have an idea of who is buying what, at what price level and quantity being bought.

For instance, in the last one month, Herbert Wigwe, the Chief Executive Officer and Managing Director, Access Bank, has been buying the company’s stock in large quantity and acquired a total of 7.532 million in the last on Month.

Click here to read more https://investorsking.com/why-you-should-monitor-insider-dealings-as-a-nigerian-stock-trader/

modath:


Hello...

Hello

webshopNG:

Still got it?

I have $305 paypal fund

kunletoks:


I am interested.

Kindly chat me up.

I have $305 PayPal fund.

If you are interested lets deal.

Mysticwebb:
Over five months ago. An unserious president is the major problem with this administration.

Not just unserious but stupid. They nominated Yonov Agah, Nigeria's permanent representative to WTO but sensing Agah does not have the popularity to garner enough support to win an election in Geneva next year, FG withdrew his candidacy for Okonjo.

ebuka1997:


If you’re looking for I can do that, thanks

Okay, are you are journalist?

Kobicove:



When a foreign company makes an investment in a Nigeria it gets issued a document called a Certificate of Capital Importation so long as the funds came in through official means and is documented by the CBN through the Nigerian bank which handled the process.

This document entitles you to purchase forex at official CBN rate when the foreign company wants to liquidate its investment and take out its funds.

The issue now is that due to the fall in price of crude oil the government and by extension the CBN is not getting enough forex therefore the foreign investors are unable to get an allocation of US $ so they can remit the funds to their home countries.

Surge in capital flights would kill the economy faster than coronavirus if the CBN allowed these selfish capitalists to abandon same economy they've profited from over the years.

Nigeria's foreign reserves plunged from $38 billion in January 2020 to $33.7 billion this month, this would kill the economy and worsen the nation's credit rating without buyers for over 60 Nigerian oil cargoes. Even April loading still don't have buyers, March was sold at a great discounts.

The CBN won't ruin the economy because of few capitalists.

CBN recently fined 28 banks N1.4 trillion to ensure their is no excess cash holdings in the banking system for these capitalists to continue liquidating.

Ishilove:
With the present crop of leaders we have here, Nigeria is not going to get better soon.

The good thing is if you grew up here, you can survive almost anywhere in the world because Nigeria trains you to be tough and hard as shells. That's what we should be grateful for; the training

Not in this era, no one needs physical strength not even the army. Its mental battle and because we are not well equipped in that aspect, several of our youths are jumping off the bridge to death.

In abroad, it is the battle of the smartest, in Nigeria, it is the battle of the craziest. If it is physical, how come we still have Boko Haram?

olaric:


Thanks for the info; of course I did say that "I stand to be corrected."

Na wa for you..what constitution recognize mayor of Enugu. In Lagos, Igbos are in state house and appointed in the North as advisers to governor. Not community created title. They will never admit they are the most tribalistic group of people.

tosyne2much:
N500 X 35 persons on a trip equals to N17,500 for just a trip

A boat could run up to 20 trips on the average per day. Now use your tongue to count your teeth

20 trips haba? They are doing two trips per day. People use that route early in the morning and in the evening during the close of business.

Romanoff:
I didn't even know Eniola has a TV production company.

She has a youtube based tv production.

enemybulldozer:
Is this really coming from punch??
Wonders shall never end!

Brother, I am shocked. What a bold move, what a stand.