Mpeace:
Transcorp hotel of 97, paying dividend of only 20kobo.

SonofElElyonRet:


Hope Tony does the same abracadabra with transpower.... I hold some... so far he's done it with the hotel and transcorp which by my own estimation is also over priced

emmanuelewumi:
Transcorp Power had about 80 million shares before listing, bonus shares given to pioneer shareholders increased the shares to 7.5 billion.


But the company decided to use 80 million shares for their EPS calculation instead of 7.5 billion which is the current outstanding shares of the company

emmanuelewumi:
Transcorp Power had about 80 million shares before listing, bonus shares given to pioneer shareholders increased the shares to 7.5 billion.


But the company decided to use 80 million shares for their EPS calculation instead of 7.5 billion which is the current outstanding shares of the company

Coolcash1:
International Breweries loss for the year now magnified to N70billion…phew! This stock has no business selling above N1.

https://doclib.ngxgroup.com/Financial_NewsDocs/40765_INTERNATIONAL_BREWERIES_PLC.-_QUARTER_5_-_FINANCIAL_STATEMENT_FOR_2023_FINANCIAL_STATEMENTS_MARCH_2024.pdf

essentialone:
Why do companies use the word 'Proposed dividend, instead of Declared dividend'?

Can shareholders actually cancel, increase, or reduce the dividend declared, during the AGM?

Or is the word Proposed used just as a form of jamboree formality?

Agbalowomeri:


That they haven't doesn't mean they can't na. So it will always be "proposed" until approved by shareholders

chipa:

To be Frank with you though it looks like a joke it looks like what is happening. Let ask ourselves why is Access bank the only bank that had it's audited financial account approved? Because the dividend payout to shareholders was so small from N17+ EPS you just gave paltry N2.10 to the owners of the bank and you are still coming to the same owners to ask for more money? Please judge this case. I know some others may be finding it difficult to get their account approved maybe because they want to reward their shareholders well and ask for more money so that their banks can expand make more money and pay them better dividend next time. That makes better sense. I pray that at the end of the day reasoning will prevail.
Let Access bank don't think it is over yet because the money they failed to pay their shareholders in dividends will be used in doing extensive marketing for their public offer or right issue. Secondary they will use their retained earnings to pump up their price before coming to the market.
On a more humorous note the saying that we are what we eat. I remembered one bank that had such characteristics before 2008. (Intercontinental bank) That was swallowed by access bank would I now say that Access bank is like what it eats......... Thanks.

Deadlytruth:

I kept on finding the hype it receives here difficult to understand.

KarlTom:
I believe that they are correct in using 80million units instead of 7.5billion.

The AFS was for 2023 and the listing (of additional 7.42b) happened in 2024.

That's the only way I see sense to the figures...

emmanuelewumi:



It will mislead the uninformed investor.

You can see how people are arguing with me here than the EPS is not N4. 00

talk2me2:
Transpower 2022 eps is N2:30k, if calculated with 7.5b os; N215:46k, if calculated with 80m os.

Their 2023 eps is N4:03k, if calculated with 7.5b os; N376:90k, if calculated with 80m os.

EPS Growth is 75%.

chipa:

To be Frank with you though it looks like a joke it looks like what is happening. Let ask ourselves why is Access bank the only bank that had it's audited financial account approved? Because the dividend payout to shareholders was so small from N17+ EPS you just gave paltry N2.10 to the owners of the bank and you are still coming to the same owners to ask for more money? Please judge this case. I know some others may be finding it difficult to get their account approved maybe because they want to reward their shareholders well and ask for more money so that their banks can expand make more money and pay them better dividend next time. That makes better sense. I pray that at the end of the day reasoning will prevail.
Let Access bank don't think it is over yet because the money they failed to pay their shareholders in dividends will be used in doing extensive marketing for their public offer or right issue. Secondary they will use their retained earnings to pump up their price before coming to the market.
On a more humorous note the saying that we are what we eat. I remembered one bank that had such characteristics before 2008. (Intercontinental bank) That was swallowed by access bank would I now say that Access bank is like what it eats......... Thanks.

nio68:
anyone having issues with Morgan Capital as well?

emmanuelewumi:



Do a 5 year compounded annualized growth

talk2me2:
FOR TRANSPOWER
Their 2018 report was not found so I did 4 years annualized growth.

For 2022 & 2023 I use 80,216,000 OS.

4 years annualized EPS growth is 74%.
4 years annualized PAT growth is 78%.

SonofElElyonRet:


Tony should just bring Afam power under Transcorp Power and stop all this scheming upandan

Mpeace:
No ooo. We go list Afam separate. Come sell some units on the floor of the exchange. Lol

talk2me2:
FOR TRANSPOWER
Their 2018 report was not found so I did 4 years annualized growth.

For 2022 & 2023 I use 80,216,000 OS.

4 years annualized EPS growth is 74%.
4 years annualized PAT growth is 78%.

LILBIMS:
pls,im a dividend hunter, which stock shares are the best to buy and get the best return on investment?

LILBIMS:
pls,im a dividend hunter, which stock shares are the best to buy and get the best return on investment?

NettyNelly:
My Ogas, pls I am quite new here and need your perspective on something.

I was looking into MTN and found something about their Tower lease contract. From their report it said "MTN Nigeria’s operations are exposed to foreign currency volatility on its operating and capital expenditure. The most significant of these exposures relates to the tower lease costs, which comprised the bulk of the 45-50% foreign currency exposure in our operating expenses in 2023."

I understand some of these contracts is currently between MTN and IHS, which maintains these towers for MTN.

But I don't understand how this contract works in detail.
I want to know, if MTN built these masts (Towers) and then contract it to IHS to manage or IHS owns these towers and lease them to MTN .

If MTN own theses Towers, these lands that houses those masts, are they on leases too or owned by MTN ?

Every input would be greatly appreciated

yMcy56:

This new recapitalization no be small amount oo....
Deadline is 2026
This people with their gbelo-gbebo all the time......
*Those who cancelled their unissued share capital will now be blaming themselves......and will be planning to bring back IPO again!

Meanwhile, what about UNITY, JAIZ, NPF, LIVING TRUST, INFINITY, ABBEY, WEMA and other unlisted banks?
I think theirs will be N50bn...

SetrakusRa:
https://doclib.ngxgroup.com/Financial_NewsDocs/40782_JULI_PLC.-_QUARTER_5_-_FINANCIAL_STATEMENT_FOR_2023_FINANCIAL_STATEMENTS_APRIL_2024.pdf

This company is up 236% in March.

Something is wrong somewhere