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  #201 (permalink)  
Old 16th October 2014, 03:18 PM
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Default Re: Law Union and Rock Insurance

Quote:
Originally Posted by maestro View Post
So, its not yet in the news that the MD of Law Union has been sacked and their AGM has been appointed the acting MD?

Well, she has been sacked by the board.
wetin she do
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  #202 (permalink)  
Old 16th October 2014, 05:13 PM
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Default Re: Law Union and Rock Insurance

Quote:
Originally Posted by maestro View Post
So, its not yet in the news that the MD of Law Union has been sacked and their AGM has been appointed the acting MD?

Well, she has been sacked by the board.
LAWUNION Appoints Olusola Olasupo as Finance Controller - Proshare

no worry, na small small dem dey release the news...first na director, now na CFO, next na......
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"The one absolute requirement of a money manager is emotional maturity. If you don’t know who you are, the stock market is an expensive place to find out." - Adam Smith
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  #203 (permalink)  
Old 31st March 2015, 10:50 PM
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Default Re: Law Union and Rock Insurance

http://www.nse.com.ng/Financial_News...MARCH_2015.pdf
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  #204 (permalink)  
Old 29th April 2015, 10:54 AM
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Default Re: Law Union and Rock Insurance

http://www.nse.com.ng/Financial_News...APRIL_2015.pdf
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  #205 (permalink)  
Old 3rd August 2015, 11:19 AM
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Default Re: Law Union and Rock Insurance

http://www.nse.com.ng/Financial_News...UNE%202015.pdf
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  #206 (permalink)  
Old 3rd August 2015, 12:28 PM
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Default Re: Law Union and Rock Insurance

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Originally Posted by Dicobody View Post

May be the board-room "fight" has abated Up Remi
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  #207 (permalink)  
Old 10th August 2015, 05:10 AM
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Default Re: Law Union and Rock Insurance

Law Union & Rock Insurance profit up 300% in H1 | BusinessDay
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Last edited by hispy99; 10th August 2015 at 05:16 AM.
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  #208 (permalink)  
Old 9th November 2015, 01:46 PM
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Default Re: Law Union and Rock Insurance

http://www.nse.com.ng/Financial_News...EPT%202015.pdf
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  #209 (permalink)  
Old 5th September 2016, 01:04 PM
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Default Re: Law Union and Rock Insurance

Page 61 of today's edition of the Guardian has a half-page advert on the purported sale of 60% of Law Union and Rock Insurance PLC by the current "core investor" to another entity.

I am not a shareholder in Law Union but the concern is that both the NSE and the SEC should NEVER sanction any sale by any "core" or any other privileged investor AT A PRICE DIFFERENT FROM THE MARKET PRICE.

All shareholders should be availed of the same PRICE at any time !!! That is the practice worldwide. The new investor gets a "pro-rata" number of shares at the same price from ALL current shareholders at the cut off date. Anything else is ILLEGAL .
Not that the same team that ruined the company will negotiate "golden parachutes" for themselves and leave the minority shareholders holding the can. Tyranny of the majority.

Please tell our friends at the NSE and the SEC and the FRN to stop approving such.
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  #210 (permalink)  
Old 11th October 2016, 07:06 PM
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Default Re: Law Union and Rock Insurance

Quote:
Originally Posted by Iroquoi View Post
Page 61 of today's edition of the Guardian has a half-page advert on the purported sale of 60% of Law Union and Rock Insurance PLC by the current "core investor" to another entity.

I am not a shareholder in Law Union but the concern is that both the NSE and the SEC should NEVER sanction any sale by any "core" or any other privileged investor AT A PRICE DIFFERENT FROM THE MARKET PRICE.

All shareholders should be availed of the same PRICE at any time !!! That is the practice worldwide. The new investor gets a "pro-rata" number of shares at the same price from ALL current shareholders at the cut off date. Anything else is ILLEGAL .
Not that the same team that ruined the company will negotiate "golden parachutes" for themselves and leave the minority shareholders holding the can. Tyranny of the majority.

Please tell our friends at the NSE and the SEC and the FRN to stop approving such.

This was from 26 September 2016
Wema’s GNI Sale Highlights Valuation Issues On NSE’s Trading FloorNAIRAMETRICS | NAIRAMETRICS

Quote:
A worrying observation however was that the shares were sold at N1.13 per share, a whole 126% increase over the trading value of GNI’s shares on the floor of the Nigerian Stock Exchange (NSE). The deal was carried out a negotiated cross deal platform which means that, due to the fact that the buyer and the seller had been prearranged and the transfer at the stock market was a mere perfection of the agreement between the two, thereby reducing cost.

Again how on earth could a share sale of up to 75 % of outstanding shares of a company quoted on the NSE FAIL to move the share price ?

Please do not even mention "share crossing"" and other "arranged " deals. Such deals SHOULD BE ILLEGAL.

Again please tell your friends and colleagues in the clueless FRC, toothless SEC and complacent NSE that practices such are these are what will keep the Nigerian stock market moribund.

These deals show very clearly that the NSE has no morals, transparency and offers NO protection for the minority shareholder.
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