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  #381 (permalink)  
Old 8th November 2012, 03:17 PM
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Default Re: Ecobank Transnational plc (ETI)

Quote:
Originally Posted by wanaj0 View Post
I dont think the dilution is factored in yet.

ETI will be a long term play. I expect 2014 to be the break out year for them. For me it is good for 'diversification'. It provides exposure indirectly to other African markets.
well that is actually the tricky aspect of stock with increased share capital especially for someone without complete information on the stock, if the the number of the new issues (Oceanic etc) have not being factored, it means the < 0.6 is the best eti could do for as a stand alone making any new growth in profit to be equally swallowed by a growth in no of shares (though it may not be proportional) which means it is actually not cheap if you consider the average PE. anyway is good to know that the new shares have not been factored
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  #382 (permalink)  
Old 8th November 2012, 07:23 PM
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Default Re: Ecobank Transnational plc (ETI)

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Originally Posted by pegheneji View Post
well that is actually the tricky aspect of stock with increased share capital especially for someone without complete information on the stock, if the the number of the new issues (Oceanic etc) have not being factored, it means the < 0.6 is the best eti could do for as a stand alone making any new growth in profit to be equally swallowed by a growth in no of shares (though it may not be proportional) which means it is actually not cheap if you consider the average PE. anyway is good to know that the new shares have not been factored

I think the new shares from Oceanic acquisition is already included. What is not included are the other capital raising exercise like the South Africa pension fund, IFC etc.

When you consider where they are in their expansion plan, the contribution from Nigeria and their other plans, I tend to have confidence in them going forward.

Also important is the diversification into other economies that you get.

Fundamentally, I like what I see. Wanted to buy at 10.50 but it did not get there. The shareholding structure also makes them less susceptible to the Ololo effect.
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  #383 (permalink)  
Old 23rd November 2012, 04:02 PM
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Default Re: Ecobank Transnational plc (ETI)

HELP WITH MISSING OCEANIC SHARES: Is there anyone out there in the same dilemma I am in with ETI Registrars? My Oceanic bank shares had disappeared from my CSCS account since the past 6 months. I went to the ETI Rgistrars about 2 months ago to complain as I expected that the ETI equivalence would automatically be credited to my account. The lady there told me that the system was down and that I should leave my phone number and she would contact me whenever the system was up. Since then I never got any call nor was my CSCS account credited. Today I went there again. I did not tell her I had been there before and laid the same complaint as I did 2 months ago. Guess what she told me? The same story as she did two months ago!!! "The system was down, please leave your phone number, I will get back to you whenever the system was up" I was really furious and told her a piece of my mind. I then showed her where she wrote her name and phone number the last time I was there. It is really a shame that ETI would treat her new shareholders this way. Why don't they just tell the truth as regards what their problem is rather than telling lies. Or am I the only one in this situation? (PS: I was armed with a copy of my old CSCS statement which showed my holding of Oceanic shares).
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  #384 (permalink)  
Old 5th December 2012, 06:41 AM
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Default Re: Ecobank Transnational plc (ETI)

EcobankCapital raises N32bn for HIS Holding mobile network finance
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  #385 (permalink)  
Old 7th December 2012, 05:12 AM
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Default Re: Ecobank Transnational plc (ETI)

Ecobank Launches New Brand Campaign, Articles | THISDAY LIVE
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  #386 (permalink)  
Old 10th December 2012, 05:03 PM
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Default Re: Ecobank Transnational plc (ETI)

Ecobank opens office in Beijing by CBRC approval
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  #387 (permalink)  
Old 10th December 2012, 05:12 PM
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Default Re: Ecobank Transnational plc (ETI)

Quote:
Originally Posted by Dragon123 View Post
HELP WITH MISSING OCEANIC SHARES: Is there anyone out there in the same dilemma I am in with ETI Registrars? My Oceanic bank shares had disappeared from my CSCS account since the past 6 months. I went to the ETI Rgistrars about 2 months ago to complain as I expected that the ETI equivalence would automatically be credited to my account. The lady there told me that the system was down and that I should leave my phone number and she would contact me whenever the system was up. Since then I never got any call nor was my CSCS account credited. Today I went there again. I did not tell her I had been there before and laid the same complaint as I did 2 months ago. Guess what she told me? The same story as she did two months ago!!! "The system was down, please leave your phone number, I will get back to you whenever the system was up" I was really furious and told her a piece of my mind. I then showed her where she wrote her name and phone number the last time I was there. It is really a shame that ETI would treat her new shareholders this way. Why don't they just tell the truth as regards what their problem is rather than telling lies. Or am I the only one in this situation? (PS: I was armed with a copy of my old CSCS statement which showed my holding of Oceanic shares).
I had very few units of Oceanic and I can confirm to you that it was converted to ETI shares at ratio 1:20 on CSCS.
Since you have a copy of your old CSCS statement which reflects the number of units in Oceanic, I'll advise you visit them again and demand that the issue be resolved before you leave! Let them know how serious you are.
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  #388 (permalink)  
Old 7th January 2013, 08:05 AM
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Default Re: Ecobank Transnational plc (ETI)

Ecobank opens 33rd affiliate in Equatorial Guinea
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  #389 (permalink)  
Old 14th January 2013, 03:09 PM
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Default Re: Ecobank Transnational plc (ETI)

Ecobank To Sell Shares, Bonds To Meet Capital Requirements - Proshare
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  #390 (permalink)  
Old 28th January 2013, 07:14 AM
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Default Re: Ecobank Transnational plc (ETI)

Why did this company issue preferential share to the shareholder of oceanic bank and not ordinary share
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  #391 (permalink)  
Old 28th January 2013, 10:08 AM
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Default Re: Ecobank Transnational plc (ETI)

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Originally Posted by goldsun2 View Post
Why did this company issue preferential share to the shareholder of oceanic bank and not ordinary share
They issued both.
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  #392 (permalink)  
Old 28th January 2013, 10:54 AM
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Default Re: Ecobank Transnational plc (ETI)

Quote:
Originally Posted by goldsun2 View Post
Why did this company issue preferential share to the shareholder of oceanic bank and not ordinary share
Quote:
Originally Posted by knightofdelta View Post
They issued both.
Sir Goldsun2, Excerpts from the shared link from Reuters:

Under the deal, holders of rescued lender Oceanic Bank will get one ordinary share and 0.428 preference share of ETI for every 20 Oceanic shares held on Oct. 4, 2011. Oceanic will subsequently be delisted from the Nigerian Stock Exchange.
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  #393 (permalink)  
Old 28th January 2013, 11:26 AM
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Default Re: Ecobank Transnational plc (ETI)

Over N2.7B worth is this stock crossed today already!

am sure we are in for the long expected ride on this soonest..
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  #394 (permalink)  
Old 28th January 2013, 12:27 PM
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Default Re: Ecobank Transnational plc (ETI)

Quote:
Originally Posted by knightofdelta View Post
They issued both.
Quote:
Originally Posted by Salida View Post
Sir Goldsun2, Excerpts from the shared link from Reuters:

Under the deal, holders of rescued lender Oceanic Bank will get one ordinary share and 0.428 preference share of ETI for every 20 Oceanic shares held on Oct. 4, 2011. Oceanic will subsequently be delisted from the Nigerian Stock Exchange.
is the preferential share convertible
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  #395 (permalink)  
Old 29th January 2013, 07:50 AM
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Default Re: Ecobank Transnational plc (ETI)

Quote:
Originally Posted by Salida View Post
Sir Goldsun2, Excerpts from the shared link from Reuters:

Under the deal, holders of rescued lender Oceanic Bank will get one ordinary share and 0.428 preference share of ETI for every 20 Oceanic shares held on Oct. 4, 2011. Oceanic will subsequently be delisted from the Nigerian Stock Exchange.
I have seen my ETI equivalent ordinary shares of Oceanic in my CSCS account but have not seen nor heard anything about the preferential shares. Please, what do I do? Are others in the same boat with me? The registrar (ESL I believe) seems to be unreachable somehow.
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  #396 (permalink)  
Old 29th January 2013, 08:14 AM
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Default Re: Ecobank Transnational plc (ETI)

Quote:
Originally Posted by goldsun2 View Post
is the preferential share convertible
Sir Goldsun, we have not heard anything about the preferential share and whether it is convertible.

Quote:
Originally Posted by pal View Post
I have seen my ETI equivalent ordinary shares of Oceanic in my CSCS account but have not seen nor heard anything about the preferential shares. Please, what do I do? Are others in the same boat with me? The registrar (ESL I believe) seems to be unreachable somehow.
Sir Pal, we are in the same boat.Tried to reach the registrar several times last year to no avail. Saw the converted ETI units on my CSCS as well. Did you receive any dividend for the legacy Oceanic shares converted to ETI for FY2011?
Already laid it to rest though because I actually wrote off the small units I had left in Oceanic from my portfolio before it was acquired.
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  #397 (permalink)  
Old 29th January 2013, 01:28 PM
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Default Re: Ecobank Transnational plc (ETI)

Quote:
Originally Posted by Salida View Post
Sir Goldsun, we have not heard anything about the preferential share and whether it is convertible.



Sir Pal, we are in the same boat.Tried to reach the registrar several times last year to no avail. Saw the converted ETI units on my CSCS as well. Did you receive any dividend for the legacy Oceanic shares converted to ETI for FY2011?
Already laid it to rest though because I actually wrote off the small units I had left in Oceanic from my portfolio before it was acquired.
I have thanked you the SMN way. Yes, I received the dividend no. 7 for the legacy Oceanic shares, qualifying date 29-06-2012
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  #398 (permalink)  
Old 5th February 2013, 02:52 AM
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Default Re: Ecobank Transnational plc (ETI)

What is the outstanding shares for ETI?
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Old 5th February 2013, 04:09 AM
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Default Re: Ecobank Transnational plc (ETI)

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Originally Posted by wanaj0 View Post
What is the outstanding shares for ETI?
I have 13.61B
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  #400 (permalink)  
Old 5th February 2013, 06:37 AM
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Default Re: Ecobank Transnational plc (ETI)

Quote:
Originally Posted by hispy99 View Post
I have 13.61B
Bros did you include the shares they issued out to IFC and PIC the south african pension trust who bought into it? i have 12,837,152,208 from their 2011 annual report and another 1,065,889,596 preference shares which entitled to dividends. That should give a total of 13.9 Billion shares less the shares given to IFC and PIC .

Last edited by bivins1; 5th February 2013 at 06:54 AM.
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