Difference between revisions of "User:RahalMccall69"

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(Shareholders approve Access Bank鈥檚 N68bn rights issues)
(John Cleese strongly dislikes Taylor Swift's cat)
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Taylor Swift fans already know that she loves her cats. John Cleese, however, does not.
  
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Shareholders of Access Bank have approved the lender鈥檚 N68 billion rights issues.
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Swift and Cleese made appearances on the Graham Norton Show over the weekend, somehow ending up in a simultaneous interview with the show's host. The result, perhaps not surprisingly, was nothing short of genius.
  
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The approval was got at the group鈥檚 Extraordinary General Meeting (EGM) held in Lagos on Monday.
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"Is it damaged?," Cleese asked at one point of Swift's cat, Olivia Benson. "That's the weirdest cat I've ever seen in my life." 
  
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On completion of the offer, Access Bank鈥檚 authorised share capital would be increased from N13 billion to N20 billion by the creation of additional 14 billion ordinary shares, thereby translating to 38 billion ordinary shares and two billion preference shares at 50 kobo each.
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The pride of Reading, though, didn't seem to be bothered much, only going so far as to shoot a nasty look Cleese's way following the comment. For what it's worth, the feeling appears to have been mutual. 
  
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Access Bank said the proposed capital raiser is at N8.90 kobo per share and stated that the forecast price would be anywhere between N13 and N16 and noted the price of the rights issue is below its book value.
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"It's a monster!" Swift said when presented with a photo of Cleese's rather large cat.
  
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The Group Managing Director (GMD) of the bank, Herbert Wigwe, said it took a lot of things into consideration, which included the current Earnings Per Share (EPS) of the stock, the current share price as well as the book price, which is N11 in the determining the price of the rights issue.
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Cleese then followed that segment of the interview up with a defense of cats, saying that they're the best because of their unpredictability and penchant for "cussed" (aka stubborn) behavior, just "like women." Nothing like a little casual sexism to wrap up an otherwise innocuous interview there, John. 
  
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He also disclosed that the timing is right as it would give the bank ample time to invest and make good returns for the shareholders.
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Swift, however, doesn't seem phased by the cat (or women) hating Cleese threw her way. 
  
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Mr Herbert also disclosed that the company鈥檚 Return on Equity (ROE) is currently at 18.50 per cent, while its Cost of Capital is about 16 per cent, which he said is an indication of better returns.
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"Oh, we don't want to do that," she said.
  
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The National Coordinator of Independent Shareholders鈥?Association of Nigeria (ISAN), Sunny Nwosu, raised concern about underwriting of the Rights Issue, stating that it is only a public offer that is underwritten and not a Rights Issue.
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The GMD noted that the reason the bank is putting up such mechanism in place is to cover for those investors that may not want to take up their rights.
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鈥淭he only reason we are putting up such mechanism in place is to cover for investors who may refuse to take up those rights. We will follow best practice in doing all these things,鈥?he noted.
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Recall that it was earlier reported that the funds would be used for expansion purposes.
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He said: 鈥淣ow to talk specifically, the money that would be raised will be used for the bank鈥檚 expansion. Some will be used as working capital and then in keeping with our international bank and African strategy, we will also continue to expand.鈥欌€?
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The Nigerian tier one lender said it would open its China unit mid-October, as it seeks expansion to the Middle East and Asia.
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Similarly, the lender affirmed it would expand further to Africa targeting viable economies like Kenya and Angola.&nbsp;<p>Related Articles:</p><ul><li><a href=http://www.louisvuitton-pascher.com>Sac Louis vuitton</a></li><li><a href=http://www.louisvuitton-pascher.com>LOUIS VUITTON Site Officiel</a></li><li><a href=http://www.louisvuitton-pascher.com>LOUIS VUITTON Homme</a></li></ul>
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Revision as of 02:29, 1 November 2014

@@@ Taylor Swift fans already know that she loves her cats. John Cleese, however, does not.

Swift and Cleese made appearances on the Graham Norton Show over the weekend, somehow ending up in a simultaneous interview with the show's host. The result, perhaps not surprisingly, was nothing short of genius.

"Is it damaged?," Cleese asked at one point of Swift's cat, Olivia Benson. "That's the weirdest cat I've ever seen in my life." 

The pride of Reading, though, didn't seem to be bothered much, only going so far as to shoot a nasty look Cleese's way following the comment. For what it's worth, the feeling appears to have been mutual. 

"It's a monster!" Swift said when presented with a photo of Cleese's rather large cat.

Cleese then followed that segment of the interview up with a defense of cats, saying that they're the best because of their unpredictability and penchant for "cussed" (aka stubborn) behavior, just "like women." Nothing like a little casual sexism to wrap up an otherwise innocuous interview there, John. 

Swift, however, doesn't seem phased by the cat (or women) hating Cleese threw her way. 

"Oh, we don't want to do that," she said.

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