manie:

Dangote cement declares a dividend of N2.25k. But we dont have the audited account so that one can analyse the result.
A dividend of N2.25k is too small for a stock selling for about N125. I see this stock going down to between N60 and N70.

CAP Plc, is selling for about N40 yet they can pay N2 dividend. But a Dangote cement selling for N 125 managed to pay N2.25k and we do not have the details of the result, i hope the company will not dip into reserve in order to pay the dividend, may be it will be through bank loan.

Unfortunately since the company makes up 25% of the value of quotes companies on the exchange, it will succeed in dragging down the All share index and Market capitalization.

How is the market. When shall we get the results of First bank and U.B.A.

First bank finally declares a dividend of 60k and no bonus, this is not too good. But it is better than the 10k and bonus of 1 for 8 declared last year.

While UBA declared a dividend of 5k, and a bonus of 1 for 4.

AG Leventis declares a dividend of 12k, not bad for a stock selling for N1.80k.That is a dividend yield of about 8%.

good good

what is up with insurance companies they are not innovative at all

Thanks guys. May God continue to grant us wisdom, so we can teach others

that's not dividends payment, those are claims payment

innovation in terms of mode of operation expanding insurance policy and awareness so more Nigerians take out insurance and not just targeting companies and goverment

What Next for Suspended Stockbroking Firms?

April 12, 2011, 2119hrs, Saheed KARIBE

At a compliance meeting held by the Nigerian Stock Exchange (NSE) with the CEOs of stock broking firms on the 7th of January, 2011; the riot act was read to the brokers with regards to the need to enforce the existing capital requirements.

The management of the Exchange represented that all dealing member firms should ensure that they shore up their capital base to the minimum of N70 million and render their quarterly account regularly or face being barred from the market.

Barely two weeks after the meeting was held, the NSE released names of fifty-seven (57) stockbroking firms with inadequate shareholders fund and immediately suspended such firms from trading on the floor. The exchange later added four (4) more dealing member firms to take the total number of firms affected to sixty-one (61).

Among the companies suspended were: Adamawa Securities Limited, Afrinvest West Africa Limited, BGL Securities Limited, Century Securities Limited, Cowry Asset Management Limited, Diamond Securities Limited, First Inland Securities Limited, FIS Securities Limited, Nigerian Stockbrokers Limited, UBA Stockbrokers Limited, Vision Trust and Investment Limited, Pivot Trust and Investment Company Limited, Sigma Securities Limited and Eurocomm Securities Limited.

Some of these firms responded positively to this development/requirement – noting that arrangements had been underway to comply but for the hiatus created at the exchange – and have since complied.

According to our records at Proshare, twenty (20) dealing member firms have since complied with the directives while forty-one (41) are still classified as having ‘inadequate shareholders funds’ as at 3rd of March, 2011. Follow this link to view the list of affected firms

The question now is this – would the NSE use this situation to send a signal as regards its disposition to rules, supervision and enforcement by

1. Announcing an extension to the time limit which expired on March 31st 2011; or

2. Withdrawing the dealing or/and brokerage licences of these firms; or

3. Setting up an incentive scheme where guidance can and will be provided for firms willing to merge and a support service to help those unable to merge come together under a ‘scheme of merger’; or

4. Announcing a spilt in services between dealing and brokerage services with revised capital requirements; or lastly

5. Adopting any combination of the above.

Whichever decision comes out from the exchange, it is important for the market to know that things will never be the same again.

What is now left to be answered is how soon will these inevitability happen and what guidance will the NSE be providing both the operators, investors and general public on how this process will be managed.

Uncertainty is not what the market needs at this time. It is time we confront this matter and get it over with, within the rules of the market and a dose of common sense.

See here for those firms that have complied and those yet to comply: http://www.proshareng.com/news/singlenews.php?id=13185

i feel the stockbrokers pain. their capital requirements are far to heavy on them as compared to other countries.

@ fiver - i agree with you, we need more awareness.

Dangote sugar declares a dividend of 60k. For the financial year ended on December 31 st 2010.

what's up with Neimeth?

I would be grateful if people here could point me in direction of best brokers, with good online presence, in Nigeria now - don't mind those that would require large sums to register. I have used cashcraft till now, but looking at alternatives. Thanks in advance.

Does anyone here have any info on IAA?

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Most of the Insurance Stocks are still at zero level. Who/what will deliver them?

The last time i bought an insurance share, it was N0.90, now that it has crashed, how much does it cost?

The insurance industry in nigeria has to be one of the laziest lot so far, they depend entirely on government business and companies,
they have not been able to ginger the country with any policy to generate profit or improve efficiency. Maybe they need to merge

Lasaco has been doing 0.50 for a long time

^^^^

0.50? rubbish upon rubbish, was unic insurance ever up to 5 naira before the crash? and how much is it now?

forget about Insurance for now, that sector is like the civil service

^^^ Na wa o!

They are gradually bouncing back.

Check NEM Insurance Plc from 50kobo to 58kobo in less than two weeks.

True, true. Failure is an ophan. See how guys have abandon this thread. Na wa o.

^^^ Cant blame them they have to check the BIG hole the stock market has dug in there pocket ; Na wa for this country o!

is where you can get your free ebook that will show you the true way of doing any business whatsoever

jamace:

True, true. Failure is an ophan. See how guys have abandon this thread. Na wa o.

Blame it on one word: SLS

Time to jump into the market?

well there's blood on the streets at the moment. Stocks are falling non-stop.

i love the stock market for it has made me rich.

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