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Ask Shade

6 Safety Tips for the Festive Season

By | Ask Shade, Life Bits | No Comments

It’s the festive season and excitement is in the air! Children and adults are getting ready to celebrate Christmas and the New Year but sometimes, celebrations can lead to accidents if care is not taken. Here’s how to keep your family safe and healthy throughout the festive period. Secure the house If you will be traveling out of town, make sure you lock all entrance to your apartment to avoid your house being boggled. Also, tell your neighbours that you are going away for a while. This will help them keep an eye out in case of any suspicious movement…

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C&I Leasing Rights Issue FAQ

By | Ask Shade, Research | No Comments

C&I Leasing Rights Issue FAQ What is a rights issue? A rights issue is an offering of rights to the existing shareholders of a company that gives them an opportunity to buy additional shares directly from the company at a discounted price rather than buying them in the secondary market. The company issues new shares to the public in order to raise capital. But until the date at which the new shares can be purchased, shareholders may trade the rights on the market the same way that they would trade ordinary shares. Who is C&I Leasing? C & I Leasing Plc is Nigeria’s foremost leasing…

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C & I Leasing Plc Seeks to Raise N3.2 billion Right Issue

By | Ask Shade, Uncategorized | No Comments

C & I Leasing Plc Right Issue C & I Leasing Plc is seeking to raise N3.2 billion by way of Rights Issue. The company is offering 539 million ordinary shares of 50 kobo each at a rights price of N6.00/share to existing shareholders based on 4 new ordinary shares for every 3 ordinary shares held as at 4th of September 2019.  The Rights issue opened on the 18th of November 2019 and closes on the 27th of December 2019. Use of Proceeds Capital Restructuring. Ensure optimum capital structure that appropriate balance of debt and equity. Repayment of Short-Term Loans. Reduction of short-term…

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FGN SAVINGS BOND – DECEMBER 2019 AUCTION

By | Ask Shade, Research | No Comments

The December 2019 Auction opened today December 2, 2019 and closes on Friday, December 6, 2019. Please find the details stated below. N Subject Features 1 2 Year FGN SavingsBond 9.091% per annum 2 3 Year FGN SavingsBond 10.091% per annum 3 Tenor 2 or 3 years 4 Settlement Date Wednesday, December 11, 2019 HOW TO INVEST IN THE FGN SAVINGS BOND Ensure you have a CSCS Account Number with ARM Securities. If you haven’t any, open an account online at ARM Stocktrade or fill this form and submit at any of our offices. Print/download and carefully fill the portions of the FGN Savings Bond application form relevant to you. Transfer the amount you…

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UAC Nigeria Plc. (UACN.NL): Old things have passed away…

By | Ask Shade, Research | No Comments

• In this report, we resume coverage on UACN with a target price of N8.96 which translates to a BUY rating at current price. While UACN’s history of reporting poor operating performance dulled investor’s sentiment, we believe lower finance cost and little or no impairment charge in coming years, post exit from UPDC, supports a rerating. Coupled with recovery in the feeds business, we see improvement in earnings over our forecast period. Comparing 5-year historical average EV/EBITDA of 9.9x, to current level of 3.3x, UACN presents a good entry point on current valuation. At current price and based on our…

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Stock Recommendation for the Week, November 12

By | Ask Shade, Research | No Comments

The Nigerian bourse ended last week in green as gains particularly on Monday (+41bps) and Friday (+48bps) trading muted losses observed every other day of the week. Consequently, the ASI as well as Market Cap increased by 8bps WoW to 26,314.49 pts and N10.3 billion respectively. Banking sector (+8.07%) anchored the gains while other sectors closed negative, with bulk of the decline seen in Personal Care (-20.45%) WoW. On stock performances, ACCESS (+17.95%), FCMB (+16.25%), UBA (+13.79%), GUARANTY (+13.49%), CCNN (+10.06%) recorded gains muting declines in UNILEVER (-26.59%), INTBREW (-25.4%) and DANGCEM (-2.47%) WoW amongst others. • DANGCEM– STRONG BUY…

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ASK SADE (November 2019)

By | Ask Shade | No Comments

November Dear Sade, My son who is 34 years old called to tell me that his wife of 2 years is encouraging him to write his Will. I’ve tried to wrap my head around it. I, his father who is 70 have not written a Will and this young woman is telling my son to. Should I be worried? My wife is already painting scary scenarios that cause us to suspect our daughter-in-law who has by the way been nothing but good to us. Please reply. Thank you. Mr. Anthony from Port Harcourt   ANSWER Dear Mr. Anthony, I can…

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Three fun ways to make the midterm break a memorable one for the children

By | Ask Shade, Living Benefits Show | No Comments

The midterm break is near and school children will soon be home to take a short rest from all academic activities. If you are a parent/guardian, the mid term break provides you with an opportunity to spend some quality time with your child/ward To help you make this midterm break a memorable one for your child/ward, we have some fun activities that you can engage in together. Painting: Most Children love to experiment with colors. Allow your child/ward to express his or her inner creativity by providing him or her with painting and drawing materials. With proper guidance and monitoring,…

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No time like now

By | Ask Shade, Investment 101 | No Comments

Yippee, Pay Day is here again! Any plans for your money yet? Perhaps bills to sort, items to purchase, investment to fund, Black Friday to save towards and oh, how can we forget Christmas shopping ahead of the festivities or even travel plans… Don’t forget the importance of planning, prioritizing and budgeting in the scheme of things. Remember to: Only buy what you need during the Black Friday sales Sort your important bills Make your Christmas shopping list now Book your flight/bus ticket now before fares get hiked Put some money in your investment a.k.a emergency fund Give yourself a…

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Mr. Extrovert 2

By | Ask Shade, Storyland | No Comments

My name is Ezekiel but my friends call me ‘Zeek’. I’m the typical extrovert and life of the party because life is too short to be anything by friendly and happy. You only live once mehn. Getting back from my two-year working stint with a bank in the USA, I needed something fun and lively to do for a living. That’s how I started propositioning some advertising companies in Lekki and finally, after shocking the guys over there with my ‘mad’ graphic designing skills plus the fact that I had an accent, I landed a fun job with a juicy…

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