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dollyp1cute (f)
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Hello,
I am a JJC ooo. Why is NASCON dropping?
Because there are more sellers than buyers. That and Mr Risky factor.
Talking of NASCON, when are results due? |
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yodiyokun (f)
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But I heard that the other company is upstream na, while capoil is downstream. Abi?  That na million dollar question oo - I no sabi?? |
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windywendy (f)
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Because there are more sellers than buyers.
That and Mr Risky factor.
Talking of NASCON, when are results due?
August most likely. And they already mentioned last year that they'll be paying a 60kobo dividend. |
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Mr. Risky
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Does anyone know if International Energy Insurance has plans for a PO?
CAVEAT EMPTY PATAPATA.
Pumping777, why did you ask? ? Please don't remind them oooooooo  |
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RoughCut (m)
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Not on my shopping list. Yes mortgage sector is good but the margin is small and the gestation period is too long for the Nigerian environment. Solid company but does not fit my investment plan. Left only 5,000 units there to enable me get annual reports and monitor the company.
UAC properties is not in the mortgage sector i think its only Union Homes that is listed in that sector. UAC properties is into property develoment and maintenance. And if i'm correct UAC owns 1004 in V.I which they bought for about N7B some few years ago. The mortgage sector is maturing and as more coys get listed in that sector things should stabilize and going forward as we see their plans for the medium and long-term they should be safe-havens for long-term investing. |
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loma (m)
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E-dividend Regime for the Nigerian capital market
Print This Post EMail This Post
(by Ugonna MADUAGUFOR)
The 28 of February 2008, would mark the launching of e-dividend regime for the Nigerian capital market by the minister of finance, Shamsuddeen Usman in Abuja the federal capital territory of Nigeria. The electronic dividend system known as e-dividend means that dividends would be automaticaly credited into shareholders nominated account the very day announced as date of dividend payment not exceeding 24 hours. According to SEC (Securities and Exchange Commission), already the large volume of unclaimed dividends within the Nigerian capital market system has hit a massive N19 billion unclaimed money.
Shareholders would henceforth, have to furnish their stockbrokers with information regarding the bank account with which they wish to receive any paid dividend or make such information available to the relevant company registrar, where shareholder does not have a stockbroking firm managed securities account. From the comments of SEC’s Director of Research and planning, Mr Sylvester Akele, the positve development is joint effort of stake holders including: Securities and Exchange Commission (SEC); Nigerian Interbank Settlement System; Central Bank of Nigeria (CBN); Central Securities Clearing System (CSCS); Registrars; Shareholders forum associations etc to eliminate the problem of unclaimed dividends. If the e-dividend system is well embraced by all stakeholders, would further enhance liquidity of returns and as such boost investors trust and confidence in the Nigerian capital market.
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dollyp1cute (f)
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Yes oo someone posted the disclaimer in the papers last week about Capoil and capital oil.
They are different companies - people beware.
I think we need to investigate capoil and afroil - I hope its not groundnut they are selling ooo
I just found that as well and from the look of things the Capital Oil and Gas which is not listed on NSE is even more viable i.e. we can validate that they are indeed in petroleum business. My question is how have Capital Oil Ltd (the one listed on NSE) used the so called money which was pumped in last year , nobody seems to know o yetI suspect they are selling Adiagbon a.k.a coconut oil |
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RoughCut (m)
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But why are you worried about corporate governance? I happen to know that Tinubu, Boyo and co don't take that corporate governance thing for granted. They hired some peeps I know from a consulting firm called mckinsey to do a lot of re-design and controls strenghtening stuff for them recently. Abi am I confusing them with something else?
Mckinsey is American and one of the top management consulting outfits in the whole wide world. Guys like that don't come cheap i tell you for a fact so if Tinubu and Co have hired their services they must be pretty serious about corporate governance. They are probably paying the consultant £1000+ a day. That is not yam! |
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windywendy (f)
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I just found that as well and from the look of things the Capital Oil and Gas which is not listed on NSE is even more viable i.e. we can validate that they are indeed in petroleum business. My question is how have Capital Oil Ltd (the one listed on NSE) used the so called money which was pumped in last year , nobody seems to know o yetI suspect they are selling Adiagbon a.k.a coconut oil LOL!!! Chei, you wicked sha . And I was just trying to comfort those who got caught in the last blood bath o. Thou wicked show spoiler  But don't be surprised if that stock begins to rise as from later this week or next. I won't be at all. As for Afroil, that one is real sha, they even just moved into their new HQ. At least, that I know. |
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SavvyLanre
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Wonderful plan. I sent out an order today to sell off all the "penny" stocks with wacky fundamentals. Fear don dey catch me. I don't want to be caught when things go sour. Now these stocks are still hot cake and there is no shortage of buyers. They have served me well already. If you are looking for safety which is safer than UBA? I won't go there sha. Not now anyway. Dangote Sugar, Flour Mills, Beta Glass and Ikeja Hotels catch my fancy at the moment due to strong fundamentals. I suspect that there is already an insider scoup on AG Leventis regarding the full year results. Of course OandO is a good candidate if you have a superman or superwoman broker. The way I see it, we will soon run out of "penny" stocks on the exchange since most are doing 5% daily and will soon cross the N10 mark. By the time that bubble bursts folks will be looking for fairly priced stocks. I guess many bank stocks will also benefit from this. In insurance, I believe Aiico will present a very good opportunity if the bleeding can be sustained. A lot of resistance though. Does anyone know if International Energy Insurance has plans for a PO? CAVEAT EMPTY PATAPATA. Well said oga pumping, and since this was a response to Madam windy, i no go talk too much. But, those ones you highlighted on fundals - one got to bail out after result o, but if one is a long termer no-shaking. BTW - where is no-shaking, BigboyLary & Fof2. Fof2 commot from your hiding o, otherwise i go vex for you. i get 1M wey dey idle because i never hear from you  |
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windywendy (f)
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Mckinsey is American and one of the top management consulting outfits in the whole wide world. Guys like that don't come cheap i tell you for a fact so if Tinubu and Co have hired their services they must be pretty serious about corporate governance. They are probably paying the consultant £1000+ a day. That is not yam!
Oh yeah, I know mckinsey very well na. I get buddies there. Those guys have a good rep o. Na the reason I dey ask Wanaj0 why he thinks oando has corporate governance issues. BTW, which planet are you on as we speak seeing as you're always on your way to catching one flight shuttle or the other |
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SavvyLanre
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Oga Pumping or others - abeg you get answer to this one? i.e. if your shares have been directly deposited in CSCS following a PO allotement @4Wheel or Pumping
Please, which CSCS number did you enter on your Dangote flour form. Is it the one with just the numbers or Alpanumeric one?
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yodiyokun (f)
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From the look of todays prices, Capoil may soon exerience a stabilisation or turnaround but Afroil - does not show a sign of stopping the downward spiral yet.
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Mr. Risky
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Wonderful plan. I sent out an order today to sell off all the "penny" stocks with wacky fundamentals. Fear don dey catch me. I don't want to be caught when things go sour. Now these stocks are still hot cake and there is no shortage of buyers. They have served me well already. If you are looking for safety which is safer than UBA? I won't go there sha. Not now anyway. Dangote Sugar, Flour Mills, Beta Glass and Ikeja Hotels catch my fancy at the moment due to strong fundamentals. I suspect that there is already an insider scoup on AG Leventis regarding the full year results. Of course OandO is a good candidate if you have a superman or superwoman broker. The way I see it, we will soon run out of "penny" stocks on the exchange since most are doing 5% daily and will soon cross the N10 mark. By the time that bubble bursts folks will be looking for fairly priced stocks. I guess many bank stocks will also benefit from this. In insurance, I believe Aiico will present a very good opportunity if the bleeding can be sustained. A lot of resistance though. Does anyone know if International Energy Insurance has plans for a PO? CAVEAT EMPTY PATAPATA. Pumping777, more seriously, THE NAFDAC threat to Beta Glass biz, what do you have to say. I thought I overheard NAFDAC saying they will be doing away with bottled drinks etc etc etc. Don't have details, even WANAJO has mentioned it briefly in passing some time ago. Hence I seem scared of BETA GLASS in the long term, otherwise, they have become nothing recently but VERY PROFITABLE. 118% PAT as per their 3rd quarter result for me is impressive. |
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debenzd (f)
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@pumping
IE never overcome the share reconstruction wahala. i doubt if them go mad enough to do PO
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dollyp1cute (f)
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LOL!!! Chei, you wicked sha . And I was just trying to comfort those who got caught in the last blood bath o. Thou wicked show spoiler But don't be surprised if that stock begins to rise as from later this week or next. I won't be at all. As for Afroil, that one is real sha, they even just moved into their new HQ. At least, that I know. No now, it is still on my watchlist because as you know even dry bones do rise again  If it drops another 15% I may even make an exception and gamble From the look of todays prices, Capoil may soon exerience a stabilisation or turnaround but Afroil - does not show a sign of stopping the downward spiral yet.
I think Capoil still has buyers 'because folks are still buying it thinking it is Capital Oil and Gas. @Windy, oya defend Afrooil, why are they still dropping despite moving into shining new headquarter, na headquarter we go chop |
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windywendy (f)
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BTW - where is no-shaking, BigboyLary & Fof2. Fof2 commot from your hiding o, otherwise i go vex for you. i get 1M wey dey idle because i never hear from you E be like say Fof2 don vex commot o! Guilty conscience don dey worry me sef and I dey miss im posts. Oya quick @loma, since na you get all the fine-fine cartoons wey dey this site, make you find one correct olive branch or white flag take give Fof2. That na my peace offering -- with love from windywendy to Fof2 via loma of course |
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RoughCut (m)
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Wonderful plan. I sent out an order today to sell off all the "penny" stocks with wacky fundamentals. Fear don dey catch me. I don't want to be caught when things go sour. Now these stocks are still hot cake and there is no shortage of buyers. They have served me well already. If you are looking for safety which is safer than UBA? I won't go there sha. Not now anyway. Dangote Sugar, Flour Mills, Beta Glass and Ikeja Hotels catch my fancy at the moment due to strong fundamentals. I suspect that there is already an insider scoup on AG Leventis regarding the full year results. Of course OandO is a good candidate if you have a superman or superwoman broker. The way I see it, we will soon run out of "penny" stocks on the exchange since most are doing 5% daily and will soon cross the N10 mark. By the time that bubble bursts folks will be looking for fairly priced stocks. I guess many bank stocks will also benefit from this. In insurance, I believe Aiico will present a very good opportunity if the bleeding can be sustained. A lot of resistance though. Does anyone know if International Energy Insurance has plans for a PO? CAVEAT EMPTY PATAPATA. I will add Costain to that list. As at last year before it went on TS it was one of the top 3 on the NSE in terms of fundamentals so that company will make anybody's list anyday. Even better now with the funds they have got and hopefully results to match In the Insurance space i will add UNIC and LASACO. I agree with you that AIICO has to shed some more blood like i said before that one get loooooong MOT o! I'm not adding CAVEAT EMPTY/ EMPTOR/ EMPTRESS because these are safe-havens excuse the pun madam wendy! for the long journey ahead And of course Oand O if you have an 'agbero' broker hmnnnnn SKYE REIT will go into my list but the volumes are too thin for now only 20M |
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wanaj0
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UAC properties is not in the mortgage sector i think its only Union Homes that is listed in that sector. UAC properties is into property develoment and maintenance. And if i'm correct UAC owns 1004 in V.I which they bought for about N7B some few years ago.
The mortgage sector is maturing and as more coys get listed in that sector things should stabilize and going forward as we see their plans for the medium and long-term they should be safe-havens for long-term investing.
Apologies, I lump the property and mrtgage companies together. UAC is a part owner of 1004 and they've tied down money for a long time with LASG governemnt not allowing them to do anything!! So they are not getting anything from that Investment. they also bought Festac hotel. Issue is property investment takes a long time. Check the track record of UAC-P and you will understand. No bonus since they got listed. Only platry 35k dividend every year. capital appreciation is also not out of this world compared with other stocks. |
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windywendy (f)
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No now, it is still on my watchlist because as you know even dry bones do rise again If it drops another 15% I may even make an exception and gamble I think Capoil still has buyers 'because folks are still buying it thinking it is Capital Oil and Gas. @Windy, oya defend Afrooil, why are they still dropping despite moving into shining new headquarter, na headquarter we go chop Kai, which one be Afrooil again? sounds like hair cream Me no know why afroil is still dropping o, the market dey craze sometimes . Maybe it's dropping because Mr. risky wants to buy. By the time his broker's son finishes celebrating that im birthday, afroil will be just about ready to be picked up Abi I lie? |
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RoughCut (m)
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Pumping777, more seriously, THE NAFDAC threat to Beta Glass biz, what do you have to say. I thought I overheard NAFDAC saying they will be doing away with bottled drinks etc etc etc. Don't have details, even WANAJO has mentioned it briefly in passing some time ago. Hence I seem scared of BETA GLASS in the long term, otherwise, they have become nothing recently but VERY PROFITABLE. 118% PAT as per their 3rd quarter result for me is impressive.
That is to tell you that all the talk and no action have not made a dent in BetaGlass profit margin. I remember wanaj0 mentioned this issue some months ago not sure where NAFDAC is going with this one. |
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yodiyokun (f)
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@Wanaj0, You see Nig-german so - don cross N30 |
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lawalidowu (m)
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@ AKTOPGUN WHAT R D CANDLES SAYING ABOUT FATHEROF2 |
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windywendy (f)
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Apologies, I lump the property and mrtgage companies together.
UAC is a part owner of 1004 and they've tied down money for a long time with LASG governemnt not allowing them to do anything!! So they are not getting anything from that Investment. they also bought Festac hotel. Issue is property investment takes a long time. Check the track record of UAC-P and you will understand. No bonus since they got listed. Only platry 35k dividend every year. capital appreciation is also not out of this world compared with other stocks.
Wanaj0, I thought uacn bought out LASG's stake in 1004 last year? |
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Huckabee
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The Lord's greeting to you folks. Seeing as my opponent won't agree to a debate, I took some time off to say hello.
Personally, as some of you know, I did not major in Maths (or fundamental/technical analysis by the way), I majored in miracles.
Hence I choose stock by divine inspiration.
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Mr. Risky
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Apologies, I lump the property and mrtgage companies together.
UAC is a part owner of 1004 and they've tied down money for a long time with LASG governemnt not allowing them to do anything!! So they are not getting anything from that Investment. they also bought Festac hotel. Issue is property investment takes a long time. Check the track record of UAC-P and you will understand. No bonus since they got listed. Only platry 35k dividend every year. capital appreciation is also not out of this world compared with other stocks.
Maybe you forgot Wanajo, UACP gave bonus of 1 for 10 in 2005, and have been consistent with paying dividend though paltry as you said. Why you no go forget say them give bonus, with over 40 in your list, not easy to keep tract record We are coming behind |
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windywendy (f)
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The Lord's greeting to you folks. Seeing as my opponent won't agree to a debate, I took some time off to say hello.
Personally, as some of you know, I did not major in Maths (or fundamental/technical analysis by the way), I majored in miracles.
Hence I choose stock by divine inspiration.
LOL!!! Aren't you supposed to be busy with your campaign against the elderly mcCain? Wetin you dey find for NSE? I bet my last dollar that this is easimoni. |
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Mr. Risky
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Kai, which one be Afrooil again? sounds like hair cream Me no know why afroil is still dropping o, the market dey craze sometimes . Maybe it's dropping because Mr. risky wants to buy. By the time his broker's son finishes celebrating that im birthday, afroil will be just about ready to be picked up Abi I lie? You no lie Windy, e go don drop de rise again before him go remember say en last born never celebrate his own. I have spent more N3,000 on MTN today just making calls to them. We Nigerians are strong ooooo. No feelings at all. Since Feb 2nd! And we are talking of N2.1m |
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aktopgun (m)
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From the look of todays prices, Capoil may soon exerience a stabilisation or turnaround but Afroil - does not show a sign of stopping the downward spiral yet.
u are too much girl!!. u are getting good at this arent u. well done |
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dollyp1cute (f)
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Kai, which one be Afrooil again? sounds like hair cream I will add Costain to that list. As at last year before it went on TS it was one of the top 3 on the NSE in terms of fundamentals so that company will make anybody's list anyday. Even better now with the funds they have got and hopefully results to match
In the Insurance space i will add UNIC and LASACO. I agree with you that AIICO has to shed some more blood like i said before that one get loooooong MOT o!
I'm not adding CAVEAT EMPTY/ EMPTOR/ EMPTRESS because these are safe-havensexcuse the pun madam wendy! for the long journey ahead
And of course Oand O if you have an 'agbero' broker hmnnnnn SKYE REIT will go into my list but the volumes are too thin for now only 20M
Why Fidelity no dey the list?!
Anyways peeps got to go happy investing o. |
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Mr. Risky
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AKT, your candle go fit locate easimoni, shigidi and no_shaking? ? We may all be intereted in what the charts have to say on those wonderful guys |
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