jauntty:
I bought at 1.99.... NSE is unpredictable, you might just be in for a surprise

Mfunkynation:
@Godisfaithful n at huz, pls if i sold my uba on 29th am i qualifyf for dividends. when is dia mark down beginning?

NuttyChoky:


I jumped out of transcorp today @ N1.18k

If they have a dividend yield of 4% na God

tunene66:


I bought some Ucap shares at 1.98 today

ifeykay:


Any single trade of 50,000 units and above (for stocks priced N99 or less) results in a price change. If this happens to be the last trade price for that day it then becomes the closing price for that stock.

However, a stock priced more than N100 requires only 10,000 units of single trade to result into price change.

Hope this helps.

perewesley:
Zenith declared 1.55 div....how much (in terms of NGN) do you guys reckon they'll mark down by ?

NuttyChoky:

Results of some of the subsidiaries (Insurance) were published this week and their earnings grew... The main problem is the banking subsidiary that had huge O&G impairment provisions

ExLaidback:


Yeah, even the banking subsidiary's income grew y-o-y from the 9 months result but net income suffered from impaiment charges like you said. However last year they had good results but still chose to hand out peanuts due to the reason I stated. So frankly I'm not very confident of this year's corporate action. The board had a meeting on the 22nd after a closed period and still didn't release results, although the longer they hold, the more beneficial it is to me. Anyway keeping the fingers crossed. It's going to be good. It has to be good

megainvest:


I like this discussion on FBNH. This to me is the next stock to watch out for because it can go either way right now. It is still very feasible going by all the records, for them to declare 60k dividend and at the same time, it is also possible for them to declare just 10k!

Last year, they declared 10k and 1:10 bonus. That can be equated to about N1.05 based on the share price at that time. As at Q3, PAT had dropped by 9.7% YoY to N50.2 billion. Even if the increased impairment losses and CBN fines shave off another 22 billion from the FY results, they can still comfortably pay 60k dividend going by the payout ratio of about 40% of EPS in 2014. However, the management has also said severally that they will increase profit retention which means lower payout ratio (maybe 30% EPS?).

FBNH can also decide to be stingy because they have every reason to do so this year. They have suffered so many losses and have even issued a profit warning. This is enough for them to deceive investors with and hide under the cover of "profit warning" to declare a paltry 10k. It is very unlikely for them to declare bonus shares this time.

In all, investors who have a very strong heart can take a huge risk on FBNH right now. Short termers need to remain very cautious. Long termers do not need to panic at all. In fact, this is an opportunity for a lifetime. I just bought some significant volumes yesterday. I am ready for whatever outcome FBNH comes out with.

We all expect a 10k dividend this year. At least there was a press release that the board will consider dividend payment in their meeting. But Just Imagine for a second what will happen to FBNH share price if they declare anything above 50k.

Do your DD. Follow me at your own risk!

Agbalowomeri:


The share price will only gain 15%

Born2berich:
The current price of UBA is N3.60
N3.60 X 10,000 units= N36,000 value

gbolah4real:

Supported.
And also, what was the amount she actually invested?

mercylicious:


Well, the information you seek has been posted long time ago. I made 9% at the highest price I bought zenith and 20% at the cheapest price I bought it.

At how much she actually invested-? enough to buy 2 plots of land in a new estate (perimeter fenced,tarred road, central sewage etc with docs) in new pottharcourt.

Any more cross examination?

megainvest:


I like this discussion on FBNH. This to me is the next stock to watch out for because it can go either way right now. It is still very feasible going by all the records, for them to declare 60k dividend and at the same time, it is also possible for them to declare just 10k!

Last year, they declared 10k and 1:10 bonus. That can be equated to about N1.05 based on the share price at that time. As at Q3, PAT had dropped by 9.7% YoY to N50.2 billion. Even if the increased impairment losses and CBN fines shave off another 22 billion from the FY results, they can still comfortably pay 60k dividend going by the payout ratio of about 40% of EPS in 2014. However, the management has also said severally that they will increase profit retention which means lower payout ratio (maybe 30% EPS?).

FBNH can also decide to be stingy because they have every reason to do so this year. They have suffered so many losses and have even issued a profit warning. This is enough for them to deceive investors with and hide under the cover of "profit warning" to declare a paltry 10k. It is very unlikely for them to declare bonus shares this time.

In all, investors who have a very strong heart can take a huge risk on FBNH right now. Short termers need to remain very cautious. Long termers do not need to panic at all. In fact, this is an opportunity for a lifetime. I just bought some significant volumes yesterday. I am ready for whatever outcome FBNH comes out with.

We all expect a 10k dividend this year. At least there was a press release that the board will consider dividend payment in their meeting. But Just Imagine for a second what will happen to FBNH share price if they declare anything above 50k.

Do your DD. Follow me at your own risk!

angelo82:

There is probability that the share price of FBNH may likely go down more until they start releasing sound result.The stock may bounce back by this time next year if they declare juicy dividend.

mercylicious:


oh, so sorry. i just saw the closure date is next week. i thought its this week.
The right thing i shld have said is dt i will monitor d price movts and sell anytime i see sideways trading.

Agbalowomeri:

The share price will only gain 15%

zendi:

What I think will move the stock and the entire sector, more than any dividend, is if the result generally, especially the PAT, turns out not as bad as feared right now.

Q: Hi, sorry, came on late on the call, but just on your OpEx, can you just kind of walk us through why the sharp drop in personnel cost? This is for the three months to September. And could you also clarify the Atlantic Energy exposure. I know I just joined the call just now. Could you repeat this if it was asked before? Thank you
.
.
.

A: Okay, as to your question on Atlantic Energy, this is one exposure that is taking significant management attention. Currently, the account is still performing. We are cautiously optimistic that we'll resolve all the issues regarding Atlantic Energy before the end of the year, so we're not looking at making impairment charges at this time.

Q: What kind of impairment are we looking at in the event the deal doesn't close?

A: In the event that this doesn't close, we still have windows of opportunity. There is a deal that is on the table right now. If that deal doesn't work out, there will be another one. However, even if this deal doesn't close and we need to make an impairment, it probably won't be more than 10% impairment, let's say, in the next three months.

holm:
http://www.nse.com.ng/Financial_NewsDocs/12838_SKYE_BANK_PLC_PROFIT_WARNING_CORPORATE_ACTIONS_MARCH_2016.pdf

fxuser:


expected .. beers would be happy

fxuser:


expected .. beers would be happy

megainvest:


I believe PAT will be better than expected. I have gone through FBNH's accounts and earnings call transcripts and it seems that although PAT will be lower than in 2014, it may not fall below 20% YoY.

If you listen to the Q3 earning call again, you will hear when a question was asked about the provisioning for Atlantic Energy loan. Management mentioned that if they have to make provisions for it, it is not likely to exceed 10% for Q4. I also recall there was news that Atlantic Energy had come up with a payment plan sometime in November 2015.

As a shareholder, the greater immediate concern with FBNH is the increased retention. The price has already adjusted to the impairment news. The problem is that Investors do not know how much retention FBNH is aiming at this time. Significantly higher retention means that payout will be much lower. However, it will be very unfair of the management to reduce payout by more than 50%.

EDUECO:
FBNH's net profit for the 2015 Full Year would likely fall between 60 to 70 billion NGN and dividend would likely be between 40 to 80 Kobo.