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  #841 (permalink)  
Old 6th February 2012, 10:53 PM
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Default Re: Union Bank

Quote:
Originally Posted by dr.abrahamb View Post
My brother, a better way of knowing what to do is to pick up the financial statements for 2 or 3 other banks from say Zenith, Guaranty, First, Stanbic, Skye; work out some ratios and compare with Union's. If Union is always going off at a tangent, you know what to do. But if it always aligns with what you are getting for the others, you also know what to do. Sorry you have to know these ratios by doing some small reading yourself.
i wish i know how to work out those ratios,if i do i won't be posting the request here.that was why i said someone should help a 'blind one' out.just tell me if you can if it's a good buy or not and i'll make my decisions based on that pleeeeaaaaasssseeee!!!!!
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  #842 (permalink)  
Old 7th February 2012, 09:22 AM
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Default Re: Union Bank

Quote:
Originally Posted by Sparks&Flashes View Post
pls pals,is dis stock(rights issue) a good buy for medium to long term hold.i don't realy know what to decide on.pls pals with foresight help a 'blind one' here.
Oga Sparks&Flashes, Please Union Bank is a strong brand in the Nigerian banking landscape. Currently, it has challenges it is trying to address. This may take some 2-5 years to resolve.

My simple advice is: allow them to sort themselves out and buy into the stock later when the coast starts getting clearer on the firm. Remember, they just got an approval for the extension of this fund-raising. This simply implies that the market is not very receptive of their offer. Forget about their forecasts, for they are but forecasts with some many natural caveats. Imagine you bought their public offer of 2005/6 at N20.00/share. What would have been your return now? Negative!

Right now, there are many good companies that are trading at some deep discounts into which you can plough your money.
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  #843 (permalink)  
Old 7th February 2012, 01:24 PM
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Default Why Union Bank Shares Are Not Worth Buying

i came about this i decided to post it here. though don't know the identity or expertise of the writer but i think some of what he said make sense

UGOMETRICS: Why I may not buy Union Banks Right Issue
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  #844 (permalink)  
Old 7th February 2012, 02:09 PM
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Default Re: Why Union Bank Shares Are Not Worth Buying

Quote:
Originally Posted by nosmas View Post
i came about this i decided to post it here. though don't know the identity or expertise of the writer but i think some of what he said make sense

UGOMETRICS: Why I may not buy Union Banks Right Issue
Very good analysis.
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  #845 (permalink)  
Old 7th February 2012, 07:21 PM
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Default Re: Union Bank

hmn! I was about throw away my hard earned money on this stock.thanks pals i'm realy grateful for the info.
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  #846 (permalink)  
Old 8th February 2012, 02:00 PM
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Default Re: Union Bank

Please i will like to know the date for AGM annual meeting date in 2012.

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  #847 (permalink)  
Old 8th February 2012, 02:45 PM
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Default Re: Union Bank

Quote:
Originally Posted by Amsco Nigeria Limited View Post
Please i will like to know the date for AGM annual meeting date in 2012.

Oga... all this your company's wey you mention, never announce their date of AGM nor even release their FYE 2011 result.
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  #848 (permalink)  
Old 7th March 2012, 07:47 AM
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Default Re: Union Bank

Union Bank recapitalises, gets new board
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  #849 (permalink)  
Old 15th March 2012, 10:48 AM
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Default Re: Union Bank

This bank has eroded its shareholder value.After reconstruction the market has brought it back to square one.Na whua o.
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  #850 (permalink)  
Old 15th March 2012, 11:38 AM
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Default Re: Union Bank

Quote:
Originally Posted by Dicobody View Post
This bank has eroded its shareholder value.After reconstruction the market has brought it back to square one.Na whua o.
i pity the shareholders expecially those that bought the right issue, abeg no be 11.5 naira they relisted am
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  #851 (permalink)  
Old 15th March 2012, 12:08 PM
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Default Re: Union Bank

Quote:
Originally Posted by goldsun View Post
i pity the shareholders expecially those that bought the right issue, abeg no be 11.5 naira they relisted am
goldsun, for the long term, is this stock worth looking at? @wat price range do u think one can pitch is nest
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  #852 (permalink)  
Old 15th March 2012, 12:25 PM
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Default Re: Union Bank

Quote:
Originally Posted by samking View Post
goldsun, for the long term, is this stock worth looking at? @wat price range do u think one can pitch is nest
The way this stock is going.. at N1.50K I will start to accumulate with a 5 year horizon.
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  #853 (permalink)  
Old 15th March 2012, 12:47 PM
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Default Re: Union Bank

Quote:
Originally Posted by samking View Post
goldsun, for the long term, is this stock worth looking at? @wat price range do u think one can pitch is nest
with no financial result out, i doubt if anybody can fairly value this stock.
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  #854 (permalink)  
Old 19th March 2012, 07:14 AM
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Default Re: Union Bank

Surge in redemptions dip value of Union Trustees fund
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  #855 (permalink)  
Old 23rd March 2012, 10:27 AM
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Default Re: Union Bank

probably the share will stop at 50kobo (loll)
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  #856 (permalink)  
Old 23rd March 2012, 11:03 AM
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Default Re: Union Bank

Quote:
Originally Posted by AbsoluT View Post
probably the share will stop at 50kobo (loll)
Hmmm.........Good Car Park, I will be ready and waiting
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  #857 (permalink)  
Old 26th March 2012, 06:14 PM
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Default Re: Union Bank

Union Bank Plc releases Q2 & Q3 ’11 results with N62.5b loss in Q3.
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  #858 (permalink)  
Old 26th March 2012, 06:55 PM
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Default Re: Union Bank

my question is why would people pick the right issue and now selling
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  #859 (permalink)  
Old 26th March 2012, 07:22 PM
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Default Re: Union Bank

Quote:
Originally Posted by goldsun View Post
my question is why would people pick the right issue and now selling
They now know something they didn't know ... Would this approach park 50 or thereabout?
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  #860 (permalink)  
Old 26th March 2012, 07:45 PM
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Default Re: Union Bank

Quote:
Originally Posted by BigJay01 View Post
They now know something they didn't know ... Would this approach park 50 or thereabout?
i pity them, negative asset as at q3
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