yom2:
pls anybody with d right maths? mrs 1 for 5 is equivalent to 5naira if the share price is 30naira

N6.00

veecovee:
God's missionary work no be NGO oooo .Besides my missionary work no follow those sycophants wey dey bless adulterers, drunkards, talkatives, cheats, etc. I no go mention names ooo , so that they will bring money for the work. Only those wet get eagle eyes dey sponsor my mission

Don’t forget you’re called because of those you mention as sinners? Or have you forget that man (Thief) on the cross whom Jesus have mercy on. I know if it’s you, you will throw stone at that man before you cast your judgement on him. Anyway, God is not a man and he his a merciful and a commander of grace

RabbiDoracle:


How did you know that Godisfaithful is married? Presumption?

Adultery when you no prak?

My Oracle, plz help me ask am... . This Pastor dey eat too much yam

Godisfaithful:


Lobatan

I like babe not woman lol

oh! sorry

Godisfaithful:


Don’t forget you’re called because of those you mention as sinners? Or have you forget that man (Thief) on the cross whom Jesus have mercy on. I know if it’s you, you will throw stone at that man before you cast your judgement on him. Anyway, God is not a man and he his a mercy and a commander of grace

na only Jesus get that kind power to take a thief to heaven. So, that means, if you stop stealing, he will take you too. But the issue is that no one knows when he'll die. So stop stealing before death. The thief was fortunate to repent at the point of death

Godisfaithful:


My Oracle, plz help me ask am... . This Pastor dey eat too much yam

if u r not married, then just marry one of the nairaland ladies (babes in your language ) and leave others alone

yom2:
pls anybody with d right maths? mrs 1 for 5 is equivalent to 5naira if the share price is 30naira

Share is is adjusted for dividend and bonus so makes ZERO difference on your networth. Not sure why people dont factor that in.

No result today? What are they hiding?

yom2:
pls anybody with d right maths? mrs 1 for 5 is equivalent to 5naira if the share price is 30naira

The new price will be N25.,,,This is the calculation;

Lets assume pre-bonus shares is 1,000
Lets assume pre-bonus share price is N30
Bonus issue is 1 for 5

Therefore, we calculate number of bonus shares to be issued;

1/5*1000= 200 units
Total number of shares will be= 1000+200=1,200

Lets now calculate post bonus share price (Psb);

Pre-bonus number of ordinary shares * pre-bonus share price = Post bonus number of issued shares * Post bonus share price

1000*N30= 1200*Psb
N30000=1200Psb
Divide both sides by 1200
Therefore Post bonus share price will be N30000/1200= N25/share.

So, the share price will be adjusted downwards by N5.

Coolcash1:


The new price will be N25.,,,This is the calculation;

Lets assume pre-bonus shares is 1,000
Lets assume pre-bonus share price is N30
Bonus issue is 1 for 5

Therefore, we calculate number of bonus shares to be issued;

1/5*1000= 200 units
Total number of shares will be= 1000+200=1,200

Lets now calculate post bonus share price (Psb);

Pre-bonus number of ordinary shares * pre-bonus share price = Post bonus number of issued shares * Post bonus share price

1000*N30= 1200*Psb
N30000=1200Psb
Divide both sides by 1200
Therefore Post bonus share price will be N30000/1200= N25/share.

So, the share price will be adjusted downwards by N5.

k thanks

wanaj0:


Share is is adjusted for dividend and bonus so makes ZERO difference on your networth. Not sure why people dont factor that in.

agreed but assuming there's a rally before markdown it could make a lot of dfference

yom2:
pls anybody with d right maths? mrs 1 for 5 is equivalent to 5naira if the share price is 30naira

@ the current price the amount is N5.8

emmanuelewumi:


N6.00

OK thanks, that's good enough.only say d stock na mysterious specie ,very hard to trade

Mpeace:
None sir. I just want to own alot of this stock before its 2017 full year and q1 results 2018 results are out.

k thanks

These people queuing up to buy GSK, how do they intend to sell after qualifying for dividend? Who will buy? Maybe they intend holding for 15 years

@Coolcash1, if a coy declares 50k dividend for every share of 50k and I have 100 units bought at N1 per share, assuming the current price is N1 , does that mean the DY is 100%?

http://www.nse.com.ng/Financial_NewsDocs/21368_CEMENT_CO._OF_NORTH.NIG._PLC_FINANCIAL_STATEMENTS_MARCH_2018.pdf

N1.25

CP N18.75

rationalmind:
These people queuing up to buy GSK, how do they intend to sell after qualifying for dividend? Who will buy? Maybe they intend holding for 15 years

@Coolcash1, if a coy declares 50k dividend for every share of 50k and I have 100 units bought at N1 per share, assuming the current price is N1 , does that mean the DY is 100%?

If dividend declared is 50k and current price is N1 or 100k. Thus, dividend yield (DY) will be 50k/100k = 50%.

So, DY is 50% and not 100%.

rationalmind:
These people queuing up to buy GSK, how do they intend to sell after qualifying for dividend? Who will buy? Maybe they intend holding for 15 years

@Coolcash1, if a coy declares 50k dividend for every share of 50k and I have 100 units bought at N1 per share, assuming the current price is N1 , does that mean the DY is 100%?

I hope it's not a case of "influential" shareholder(s) pushing for payment of special dividend or a case where management does not have sufficiently profitable ideas for the funds. If it's the latter, then it's fine, but could it indicate a weak outlook? Or maybe other capital sources will be adequate.

Coolcash1:


If dividend declared is 50k and current price is N1 or 100k. Thus, dividend yield (DY) will be 50k/100k = 50%.

So, DY is 50% and not 100%.

I do understand this perfectly, what I find confusing is the "for every share of 50k".

rationalmind:


I do understand this perfectly, what I find confusing is the "for every share of 50k".

That's the nominal value of the shares. Every share on NSE has a nominal value of 50k. Many private and unquoted companies have shares with nominal value of N1 per share etc but before listing they have to be broken up i.e. each share is split to create 2 shares with nominal value of 50k each. If the pre listing nominal value is N2/share, it has to be split into 4 before listing.

TLAX:


This week....or next week at the latest.

Thanks bro.

rationalmind:


I do understand this perfectly, what I find confusing is the "for every share of 50k".

The 50k is the nominal value of a unit of share and used to determine the book value of shares. It is not considered in calculating dividend yield but shares split, scrip issue and reverse split units.

Hope this helps.

Coolcash1:


The new price will be N25.,,,This is the calculation;

Lets assume pre-bonus shares is 1,000
Lets assume pre-bonus share price is N30
Bonus issue is 1 for 5

Therefore, we calculate number of bonus shares to be issued;

1/5*1000= 200 units
Total number of shares will be= 1000+200=1,200

Lets now calculate post bonus share price (Psb);

Pre-bonus number of ordinary shares * pre-bonus share price = Post bonus number of issued shares * Post bonus share price

1000*N30= 1200*Psb
N30000=1200Psb
Divide both sides by 1200
Therefore Post bonus share price will be N30000/1200= N25/share.

So, the share price will be adjusted downwards by N5.

Another way to look at it is that 1 for 5 is a 20% stock dividend i.e. 1/5 = 0.2 = 20%. On the qualification date, Whatever the share price is will be marked down by 20%. If share price has risen to N40/share it will be marked down by N8. If price is N30/share it will be marked down by N6 etc.

Your investment thesis therefore is to forecast a likely share price by June 28, and then set a maximum entry price at or below 20% of that for the bonus to have any economic benefit to you. Don't forget other variables that can affect this simple model such as this is a very illiquid stock and you may not be able to sell after mark down, the bonus may take a while to get to you by which time the price may move further for, or against you etc.

Coolcash1:


The 50k is the nominal value of a unit of share and used to determine the book value of shares. It is not considered in calculating dividend yield but shares split, scrip issue and reverse split units.

Hope this helps.

TLAX:


That's the nominal value of the shares. Every share on NSE has a nominal value of 50k. Many private and unquoted companies have shares with nominal value of N1 per share etc but before listing they have to be broken up i.e. each share is split to create 2 shares with nominal value of 50k each. If the pre listing nominal value is N2/share, it has to be split into 4 before listing.

Perfectly understood, thanks

Results should start flowing na. This is the last week of the quarter and the limit for release of full year results. I wonder what companies are waiting for.

Milost Terminates $1b Deal with Unity Bank, Plans $500m Lawsuit
https://www.businesspost.ng/2018/03/26/milost-terminates-1b-deal-with-unity-bank-plans-500m-lawsuit/

Mpeace:
Results should start flowing na. This is the last week of the quarter and the limit for release of full year results. I wonder what companies are waiting for.

But companies have been releasing results na

dipoolowoo:
Milost Terminates $1b Deal with Unity Bank, Plans $500m Lawsuit
https://www.businesspost.ng/2018/03/26/milost-terminates-1b-deal-with-unity-bank-plans-500m-lawsuit/

Milost again?

dipoolowoo:
Milost Terminates $1b Deal with Unity Bank, Plans $500m Lawsuit
https://www.businesspost.ng/2018/03/26/milost-terminates-1b-deal-with-unity-bank-plans-500m-lawsuit/

I'm not understanding......unity bank denies, milost terminates...milost plans lawsuit against business day and 2 oda journalist... koyemi rara..must der n drama in everything Nigeria does?

dipoolowoo:
Milost Terminates $1b Deal with Unity Bank, Plans $500m Lawsuit
https://www.businesspost.ng/2018/03/26/milost-terminates-1b-deal-with-unity-bank-plans-500m-lawsuit/

Now they are making sense!

$21m for Japaul is more realistic than the bogus figures they were quoting before

$10 (m) for Resort Savings also look realistic.

Suing Business day and journalist for $500m shows that Milost people are drunk on expired Akpeteshie

Agbalowomeri:
Milost again?

Stocks have changed hands....that is the koko.

wanaj0:


Now they are making sense!

$21m for Japaul is more realistic than the bogus figures they were quoting before

$10 (m) for Resort Savings also look realistic.

Suing Business day and journalist for $500m shows that Milost people are drunk on expired Akpeteshie

Sueing in Nigeria? Ochi atogbuelam

Businessday wuko say they don't work for the firm. They are the media impersonators.

This men dem no sabi where dem come ooo.

Come and look for them at borokiri waterside.