ukay2:
CHAI.......

E no easy.....

United Registrar has finally paid me all my outstnding dividends today after months of battle with them...

The united securities registrar protocol is too stressful......

To God be the Glory....

valentinenwoko:
yesterday i asked for investment advice on buy recommendation for caverton. no response.
pls i need advice

valentinenwoko:
yesterday i asked for investment advice on buy recommendation for caverton. no response.
pls i need advice

valentinenwoko:
yesterday i asked for investment advice on buy recommendation for caverton. no response.
pls i need advice

DeRuggedProf:


Its a long term good buy.
Personally, I like it around N2.15.
I hate family businesses though....

Also, don't buy as if it's your money they have to use to complete their ever under construction maintenance facility....

Gerrard59:
Hello everyone,

If a firm gives a dividend of 300 kobo per share and I own 1,400 worth of shares, am I getting #420 or #42,000 as returns? If it's the former, how much number of shares is it economically best to buy as a first time investor into the market?

I ask because I find the dividend returns absurd and would like to know the amount of shares to purchase which will be significantly higher.

Gerrard59:
Hello everyone,

If a firm gives a dividend of 300 kobo per share and I own 1,400 worth of shares, am I getting #420 or #42,000 as returns? If it's the former, how much number of shares is it economically best to buy as a first time investor into the market?

I ask because I find the dividend returns absurd and would like to know the amount of shares to purchase which will be significantly higher.

OakPearl:



UNBIASED REPORTAGE
People of God, I am done with my findings on Airtel Africa regarding this IPO.
Current dividend yield hovers around 5%ish.
For those who need to make their investment decision before IPO closes on Thursday, please find below:

The estimated Earnings Per Share (EPS) for Airtel Africa based on the issued share capital of 3.7bn shares and US$450m profit is US$0.12.
Converted to Naira, EPS is between N37.20 and N43.90 based on the Official and NAFEX exchange rates respectively.
We estimate the P/E ratio at 9.8x and 10.3x respectively.
According to the IPO prospectus, the company intends to pay 80% of consolidated free cashflow as dividend.
However, the dividend pay-out is dependent on a leverage ratio between 2.5x and 3.5x.
This ratio is currently at 3.01x, so we estimate dividend per share (US$0.07) to be N20.10 and N23.72 based on Official and NAFEX exchange rates respectively
Based on the offer price of N363-N454, this translates to a dividend yield of 5.5% and 5.2% respectively.

You are the CEO of your life!

Mcy56:
This kobo issue again. Lol. Na oga Oracle go solve this one o.
I thought it should be 1,400 x 0.03 which is equal to 42naira.


You converted 300kobo to 3naira x 1400 ??

OakPearl:

I can send to your email if you drop your add.

chillykelly86:


Thanks for this.
Please can you verify for us:
1. how much was used to service debt in the last financial year?
2. Are all the offer proceeds billed for debt payment? If not, could you share the plan for the proceeds? The percentage that will be used to pay down debt.
3. Does the 3.7b OS factor in the shares being issued? Because, the image shared here suggests so.
4. Kindly DM me the contact of Afrinvest.

Thanks a lot.

OakPearl:


1. There was a net debt reduction of about $3,750 million during the year ended March 2019 as contained in the prospectus.
2. Amazingly, I haven't found any mention of what else will be done with the proceeds.
3. I think so by what is available in the prospectus.
Pre-IPO OS is 3,081,744,577 Ordinary Shares at USD1 each and 50,000 Redeemable Deferred Shares at £1 each
4. Sent

rebekah2011:
These Airtel IPO agents sha want to skim people of their hard earned cash. If it was a nice deal, no one will want to share it with us. They see a bad market, they want to dump them on us. Let me go and target Zenith and UBA for Q2 tasere dividend joor. I cannot come and die

Yayira:
The way CSL Dey send me this Airtel listing..
let me withdraw my little penny before I’ll wake up one day and see airtel inside my portfolio..
I replied, letting them know I’m not interested yet they won’t stop..

Chibuking81:

We are waiting for them, when they final landed in NSE as mtn did, we shall then weigh them to know their really worth. Who even know the number of their outstanding share and 2019 EPs/PE before processing their listing, and the number of outstanding share they want to list?

Nigerian are wiser now, not when people are buying without knowing what they are buying. If they listed excess, investors will abandon them they way mtn was abandoned after trying to defraud Nigeria by duplicating their share numbers of time. July releasing of result will show more direction for these newly listed stocks, if their earning does not justify their unit price, market will help them reprice it, or they will keep on defending it with their money till they get tied of defending and thereby allowing their stock to look for its level.

Yayira:

duplicate shares when did it happen?

Chibuking81:

160 billion/ 407 million = 393.12 eps
20 billion/407 million = ‭49.14, if their initial outstanding was 407 million, that means that they splits each unit into 49.14 unit before they listed it.

49.14 x 90 = ‭#4,422.60. Does it mean that their 1 unit of share is now #4,422.60?

4,422.60/393.12 = 11.25 PE, but according to their report before listing, they stated that their PE was below 1.
To get below 1eps, that is 4,422.60/11.25 =384.57.
Therefore 384.57/393.12 = 0.98 PE

Before listing their share price should be #384.57
And their current Price after the splits should have been #384.57/49.14 = #7.83.
Their suppose price should have been #7.83 (against #90 listing and their current #140, this is close to 2000% upward increase )

Meaning that 1 unit of share of #384.57 was duplicated to get #4422.60 (#4,422.60 - #384.57 = #4,038.03)
#4,038.03 on top, that's excessive. ( or #7.83 duplicated to get #90 and #140 respectively)

Their fair value by #8 eps should be #70

MTN's price earnings (P/E) ratio based on FY 2018 earnings per share (EPS) of N357.87 and its
recent market price of N90 confounded a lot of analysts. A P/E of less than one(1.0) for the
second largest stock listed on the NSE makes little, if any, sense at all. Dangote Cement
(DANGCEM), the Exchange's single largest capitalized stock trades at a price of N185 and a P/E
of 8.35. DANGCEM's price to book value is currently 3.04.

Chibuking81:

Yayira:
The way CSL Dey send me this Airtel listing..
let me withdraw my little penny before I’ll wake up one day and see airtel inside my portfolio..
I replied, letting them know I’m not interested yet they won’t stop..

Yayira:
The way CSL Dey send me this Airtel listing..
let me withdraw my little penny before I’ll wake up one day and see airtel inside my portfolio..
I replied, letting them know I’m not interested yet they won’t stop..

DeRuggedProf:


MSCI has figured out too late that stout is not a substitute for coke while enjoying jollof...

They are now remitting tithe in arrears, what a day for Vee'vee......

veecovee:


I no get church, i be missionary