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Re: Nigerian Stock Exchange Market Pick Alerts by yMcy56(f): 12:39pm On Mar 29 |
onegentleguy:Thanks boss. We're just emulating you our Ogas Thanks for doing much for us too. Well appreciated! ....and pls don't take any perceived negative comments to heart.....just continue doing your good works sir. May God reward your selfless services bountifully IJN. 10 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by Ginalex(f): 12:56pm On Mar 29 |
Mfunkynation:I no like trouble honestly. But the era of sterling @₦1.40, Chams @20k and livestock at 92k don pass na... Prices are no longer on those levels na. Make we focus on current market realities and prices. Doesn't change the fact that OGG is one person I respect here 4 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by onegentleguy: 12:56pm On Mar 29 |
onegentleguy: Update... Following my post above, someone brought to my attention a section of the CBN recent circular that reads in part; "For existing banks, the capital requirement specified above shall be paid-in capital (paid-up + share premium only). Bonus issues, other reserves and additional tier 1 capital shall not be allowed or recognized for the purpose of meeting the new minimum capital requirements" I honestly didn't notice that part. So my assertion of the possibility of a bonus issue as a mode of increasing paid-up capital will not hold. ..it's likely gonna be RI and/or PP all the way. Cc: @ Chipa It is well 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by megawealth01: 12:59pm On Mar 29 |
Ginalex: You can't say never in NAIJA stock market 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by Agbalowomeri: 1:01pm On Mar 29 |
Ginalex: My love abeg leave OGG alone 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by onegentleguy: 1:02pm On Mar 29 |
yMcy56: My Pleasure! We should all learn to be tolerant of others and not give too much attention to trivial matters. 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by OldBeer: 1:27pm On Mar 29 |
onegentleguy:Thank you for ignoring riff raff. Please keep on sharing your wealth of information. Some of us look forward to it. 3 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by onegentleguy: 1:28pm On Mar 29 |
Agbalowomeri: No one is holding anyone. Like I said; We should all learn to be tolerant of others and not give too much attention to trivial matters. Time to focus on more important things. |
Re: Nigerian Stock Exchange Market Pick Alerts by emmaodet: 1:32pm On Mar 29 |
ositadima1: Thank you very much. I guess this is Claude 3 workings too. One Love |
Re: Nigerian Stock Exchange Market Pick Alerts by ositadima1(m): 1:42pm On Mar 29 |
onegentleguy: But bonus share issue capitalizes part of retained earnings by converting it into paid-up share capital. Is this correct? |
Re: Nigerian Stock Exchange Market Pick Alerts by Boshins: 1:53pm On Mar 29 |
Re: Nigerian Stock Exchange Market Pick Alerts by Ginalex(f): 1:58pm On Mar 29 |
OldBeer:I see you useful human 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by sky2891: 1:59pm On Mar 29 |
BabsO2:Kudos to JSE on this. With this OANDO will think twice about the delisting proposition. I am glad OANDO isn't listed only on NGX. Fingers crossed. 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by onegentleguy: 2:18pm On Mar 29 |
ositadima1: Bonus issues in this instance, would have a relationship to the banks share premium A/c than their retrained earnings position. In practice, a bonus issue should've been an allowable option as it has a direct impact in expanding a coys contributed/paid-up capital via her share premium A/c. The problem is that if you decide to go that route, you would indirectly be reducing the value of the total share capital (issued), given that the apex banks approved mode of increasing capital base is using paid-up capital + share premium only. I think the CBN might be looking to ensure that the banks incorporates less of 'risky capital' by utilizing only the subscribed or paid-up portion of their current capital base in view of present economic reality. Depending on their share capital structure, any equity financing has to be using their called-up capital and/or issued capital via rights OR using their unissued capital (where it hasn't been cancelled) via private placements. There's also the option of mergers and/or acquisition. If you go by the part in bold, then I think ETI is safe and may not need to raise funds, while UBA followed by FCMB and FIDELITY (in decreasing order) will probably be needing more capital among the quoted banking coys in view of their operational license. Regards 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by Zagee: 2:55pm On Mar 29 |
sky2891:Low-key a nice nudge for Wale and Co. What is it that they're marinating over a result? Just do this thing and let's get done with business. The whole psychological play is becoming stale. |
Re: Nigerian Stock Exchange Market Pick Alerts by STNWAUME(m): 3:02pm On Mar 29 |
onegentleguy: Sir OGG what's your take on Cadbury? |
Re: Nigerian Stock Exchange Market Pick Alerts by Zagee: 3:20pm On Mar 29 |
onegentleguy: Tight rope for some of these banks. A seemly unsustainable EPS for FY2024 against this? Operation aggressive marketing. A possible merger looms. Insurance sector should be waiting for their own. |
Re: Nigerian Stock Exchange Market Pick Alerts by yak(m): 3:53pm On Mar 29 |
yMcy56: I hope those of us that have our investments majorly in ETFs will benefit from this dividend payment 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by STOjo: 4:02pm On Mar 29 |
Please help with the formula you use for this. Regards. emmanuelewumi: |
Re: Nigerian Stock Exchange Market Pick Alerts by chipa: 4:50pm On Mar 29 |
STNWAUME: Going by the amount of money to raise Both GTB and UBA have above 300 billions to raise. GTB has set the motion in place by pushing their price to N52+ and still counting. I seriously believe that the price will get to at least N65 or there are about before coming to the market to raise funds so as to reduce dilutive effects of allotting many shares. In like manner watch the volume of trade in UBA PLC for the past 2 weeks. The volume has been very high I knew they were up to something. Once the 2023 Audited financial report is out and if it is above market expectations ( which I believe it will surpass ) it will comfortably gallop to N45 or N50 or even above that and then announce it fund raising from the market at high price. Please this is not a buy recommendation for any stock. Do your due diligence before you buy any stock. ( Conflicts of interest I have had UBA PLC in my portfolio before now) 3 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by yMcy56(f): 5:49pm On Mar 29 |
Corporate Action..... JULIUS BERGER Final Dividend: N3.00 Qualification Date: 31st May, 2024 Payment Date: 21st June, 2024 https://doclib.ngxgroup.com/Financial_NewsDocs/40740_JULIUS_BERGER_NIGERIA_PLC-CORPORATE_ACTIONS_ANNOUNCEMENT_CORPORATE_ACTIONS_MARCH_2024.pdf CAP PLC Final Dividend: N1.55k Qualification Date: 31st May, 2025 https://doclib.ngxgroup.com/Financial_NewsDocs/40680_CHEMICAL_AND_ALLIED_PRODUCTS_PLC-CAP_PLC-_FYE_2023_DIVIDEND_ANNOUNCEMENT_CORPORATE_ACTIONS_MARCH_2024.pdf More results.... https://doclib.ngxgroup.com/Financial_NewsDocs/40744_LIVESTOCK_FEEDS_PLC.-_QUARTER_5_-_FINANCIAL_STATEMENT_FOR_2023_FINANCIAL_STATEMENTS_MARCH_2024.pdf https://doclib.ngxgroup.com/Financial_NewsDocs/40742__UPDC_REAL_ESTATE_INVESTMENT_TRUST-_QUARTER_5_-_FINANCIAL_STATEMENT_FOR_2023_FINANCIAL_STATEMENTS_MARCH_2024.pdf https://doclib.ngxgroup.com/Financial_NewsDocs/40746_R_T_BRISCOE_(NIGERIA)_PLC.-_QUARTER_5_-_FINANCIAL_STATEMENT_FOR_2023_FINANCIAL_STATEMENTS_MARCH_2024.pdf https://doclib.ngxgroup.com/Financial_NewsDocs/40741_MCNICHOLS_CONSOLIDATED_PLC-_QUARTER_5_-_FINANCIAL_STATEMENT_FOR_2023_FINANCIAL_STATEMENTS_MARCH_2024.pdf https://doclib.ngxgroup.com/Financial_NewsDocs/40733_JULIUS_BERGER_NIGERIA_PLC-_QUARTER_5_-_FINANCIAL_STATEMENT_FOR_2023_FINANCIAL_STATEMENTS_MARCH_2024.pdf https://doclib.ngxgroup.com/Financial_NewsDocs/40707_SKYWAY_AVIATION_HANDLING_COMPANY_PLC-_QUARTER_5_-_FINANCIAL_STATEMENT_FOR_2023_FINANCIAL_STATEMENTS_MARCH_2024.pdf https://doclib.ngxgroup.com/Financial_NewsDocs/40718_MAY_AND_BAKER-_QUARTER_5_-_FINANCIAL_STATEMENT_FOR_2023_FINANCIAL_STATEMENTS_MARCH_2024.pdf https://doclib.ngxgroup.com/Financial_NewsDocs/40677_TRANS-NATIONWIDE_EXPRESS_PLC.-_QUARTER_5_-_FINANCIAL_STATEMENT_FOR_2023_FINANCIAL_STATEMENTS_MARCH_2024.pdf 5 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by leparj(m): 7:30pm On Mar 29 |
Who has received Africa Prudential Reg dividend? Payment date was 28th March. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by vacanci: 7:32pm On Mar 29 |
Can someone give us a clear understanding of what the share capital is and how it's different from the market capitalization of the company. Me am not understanding these o. I used to think that the market capitalization is an advantage but here am seeing some banks like fcmb not needing too much different from the top banks to capitalize to the 500B. I used to think that when 500B is mentioned, banks like Zenith, GTB and Access will just sneeze it out easily. 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by Agbalowomeri: 7:46pm On Mar 29 |
vacanci: So na customers' money dem go use?😂 |
Re: Nigerian Stock Exchange Market Pick Alerts by vacanci: 7:55pm On Mar 29 |
Agbalowomeri: Maybe I should have tagged the people I want answers from. Na question I asked because I don't know but u are asking me back. |
Re: Nigerian Stock Exchange Market Pick Alerts by pdozie: 8:29pm On Mar 29 |
Please how I call up this Claude 3. I believe its an AI. But how do I use or interact with it for such answers. ositadima1: |
Re: Nigerian Stock Exchange Market Pick Alerts by STOjo: 8:40pm On Mar 29 |
Re: Nigerian Stock Exchange Market Pick Alerts by Frangel: 9:17pm On Mar 29 |
Sometimes, our policy makers come up with positions that look somehow. Why will the CBN discount retained earnings of banks as part of their capital? I can understand some other/statutory reserves, but not retained earnings. Retained earnings form part of the interest of shareholders, which has been left to help grow the banks faster. This policy would require total fresh injection of over N4trillion as capital (long-term) for the existing banks to retain their licences/status as at date. Does this recapitalisation drive guarantee attainment of the utopia of a US$1trillion-economy? Some banks already have negative shareholders' fund. This policy does not take into cognisance such precarious position, but just wants the bank to add funds to its share capital/premium to achieve the new target, which might still leave the banks retain licence with negative s/holders fund. Some magic! I think CBN should do more on the supervisory and regulatory front. A lot of benchmarks exist, so the banks that want to play bigger, within the regulatory frameworks, should plan and implement strategies to meet higher capital demands, not this blanket approach to forcing every bank to be big. As it stands, the least capital injection required by a member of the FUGAZ group is about N230billion (Zenith Bank). Unity Bank with a negative s/holders' fund of N190billion, requires just about N184billion new capital injection to retain its licence (will still have negative N6billion) based on this recapitalisation policy. The new policy needs rethinking through. Does not look well formulated. Retained earnings, at least, needs recognition as existing capital for the banks. My opinion sha. 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by ttmax09(m): 9:47pm On Mar 29 |
Frangel:It's simple, they actually are trying to mop up excess money in circulation, and also trying to attract fresh inflow of USD into the economy. 3 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by BabsO2(m): 10:14pm On Mar 29 |
ttmax09: That's the conclusion I came to as well. A Scheme by the CBN to ensure the banks mop up and lock-up some of the excess liquidity floating around in a way that all banks share the burden. The hope i guess is these excess funds would be injected into productive ventures that will lead to the $1T economy. On the fiscal and macro-side a lot of work is still needed to create & support thriving businesses/investments for banks to inject mopped up funds into for the growth of the GDP. 3 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by SonofElElyonRet: 10:44pm On Mar 29 |
ttmax09: So there's excess liquidity in Nigeria Guess you mean they are still on their drive for cashless society |
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