Yaks

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Yaks

@____Yaks

B.Eng | FCCA | Helping Nigerians build wealth through Financial Literacy💰 | Propagating Halal Investments | Not an Investment Advisor

Planet Earth Inscrit le Eylül 2010
1.7K Abonnements979 Abonnés
Yaks retweeté
Yaks
Yaks@____Yaks·
#Followthemoney. UACN has an interesting ecosystem, and today we focus on one of its strategic investments - UPDC. UPDC is a real estate development and advisory company, and UACN owns 40% in UPDC. However, UACN been silently disposing of some of its shares in UPDC as disclosed in note 34 of its FS. During the year, they made a gain of N475m from disposing of UPDC shares. Despite the sale, UPDC still holds significant influence and own 40% of UPDC shares. Could this be a case of locking in profit or a strategic shift from UPDC. 📌UPDC is led by Odunayo Ojo, former CEO of Alaro City, and ex Vice President at Ocean and Oil Holdings. 📌In 2025,UPDC share price has increased astronomically from N1.39 in Jan 2025 to all time high of N8.49 per share in August 2025. Currently, the shares is trading at N5.2, being a 271% gain since Jan 2025. 📌UPDC has declared revenue of N9.6bn as at Q3 2025 representing a 93% increase in revenue from N5bn at Q3 2024. In FY 2024, UPDC total revenue was N11bn indicating they might surpass their PY revenue by year end 2025. 📌UPDC has a solid balance sheet, with total asset of N23bn. Their interest bearing loan is N2.7bn compared to their total cash of N17bn. 📌One of UPDC's largest investment is the Golden Tulip hotel in Festac Lagos and Festival Mall which hosts Shoprite. 📌UPDC is also currently constructing the Brompton city in Lekki phase II, a residential property that sits on 30 hecters of Land. UPDC acquired this land for N7.2bn in 2024. 📌UPDC is yet to fully pay for the land to be used for phases 1, 2 & 3 of Brompton City and is owing N9.7bn in this regard. 📌UPDC is the owner of UPDC REITs, one of the best dividend paying companies on the NGX. 📌UPDC is currently involved in 31 court cases with total claim of N19.1bn against the company. The directors of UPDC are of the opinion that none of the cases with materialise. Do you think UACN is merely locking in gain on their investment from this disposal or are there indicators of a strategic shift. #Followthemoney.
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ElobestKilishi
ElobestKilishi@Cazzyre·
@____Yaks You can't invest in the stock market if you don't have a business or job that generates enough money to invest consistently in the stock market.
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Yaks
Yaks@____Yaks·
What is the fastest way to build wealth
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WealthwithMiah
WealthwithMiah@WealthwithMiah·
@____Yaks Nope. Not really. I’m in some form of transitional phase, so I need to hold more cash for now. Will be back in a few months. Plus I mostly do my investing during pay periods(monthly).
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Yaks
Yaks@____Yaks·
Tomorrow is monday, NGX re-opens. Which stock are you sweeping up.
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Zooma
Zooma@entamyzone·
@____Yaks I think there is a concerted coordinated campaign to create fear and panic in the hearts of NGX investors. I am sure you guys are paid. Because why this level of pessimism. Why this fear mongering at a time when people are just getting started
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Yaks@____Yaks·
Those 70% - 400% returns you’re getting on NGX are unusual. The market is simply repricing the impact of the degradation experienced by our economy and currency in the last decade. Soon markets will stabilise to the typical 10% - 30% annual return. Don’t start investing expecting such huge returns forever, however by all means grab this bonanza while it lasts.
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Nurseinvestor
Nurseinvestor@abalu_uthman·
I function optimally with a system in place. All my investments and savings are not just things I do at whim. If you want to optimise your personal finance. Put a system in place and automate as much as you can.
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Yaks@____Yaks·
@MudiTheInvestor Interesting history. The family has really done well
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Mudi
Mudi@MudiTheInvestor·
Did you know that the name Fidson comes from “Fidelis and Son”? The founder, Fidelis Ayebae, built the company as a family business, which has now grown into a wealth-creating enterprise for thousands of Nigerians.
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Yaks@____Yaks·
@WealthwithMiah Mostly for Discipline or to cover some major expenses like rent, school fees, marriage
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WealthwithMiah
WealthwithMiah@WealthwithMiah·
I just have to ask, why do you all lock your funds? Is there a plan to use it for something at the maturity date. Pls gist me?
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Yaks@____Yaks·
@DiscoverrIO I agree. Sometimes taking profit too early can be painful
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Farouk Umar
Farouk Umar@DiscoverrIO·
@____Yaks By this you'll end up selling anything my view set a timely target
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Yaks@____Yaks·
Be comfortable with taking profits when you’re investing in the stock market
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Yaks@____Yaks·
@MrAnosike Money go come, slow and steady brother
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Yaks@____Yaks·
@luxEva16 The price fell to N8 last week which many took advantage of to re enter.
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Eva4eva
Eva4eva@luxEva16·
@____Yaks Jaiz if all goes accordingly
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Mazi Nathan
Mazi Nathan@rukky_nate·
@____Yaks NAHCO. When the price adjustment happens. M&B and FIDSON top ups
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