RabbiDoracle:


If I am to go by interpreting charts o, banks should start to fly by tomorrow. 10 10 percent rise. Where there is maximum fear, the bull lurks around.

There is a strong positive divergence. Very strong.

That should be bear trap in your word. is like you entered at last low of bonanza part 1.
From both local and international news, the bear is still much around, and lowest low process is ongoing.

RabbiDoracle:


If I am to go by interpreting charts o, banks should start to fly by tomorrow. 10 10 percent rise. Where there is maximum fear, the bull lurks around.

There is a strong positive divergence. Very strong.

My Oga which of the indicators do you use with the ASI chart to spot divergences?

if this is a joke. Onifa stop it

RabbiDoracle:


If I am to go by interpreting charts o, banks should start to fly by tomorrow. 10 10 percent rise. Where there is maximum fear, the bull lurks around.

There is a strong positive divergence. Very strong.

RabbiDoracle:


Fed will wound the market worldwide with liquidity. Man versus printing press.

Machine will always win.

This wouldn’t last

RabbiDoracle:




I really pity those on this bus.

No sane investor will buy that stock for now

Please someone should help me tell Nestle MMs (e be like say dem don sleep) that they should do small reversal this week oo. Their big cap counterparts (mtn& dancement ) and even their sectors siblings (PZ, Unilever & cadbury) have all done small reversals when they reach their 52 wk lows. Thank you.

onegentleguy:


AFPRUD has already given a guidance that dividend proceeds will be remitted to qualified investors today.
...a pal in PH just confirmed that he has received his cash !!

They can't mark down and hold investors money naw.
Every coy that's been marked down must have to pay !!
Even those that are yet to do so(mark down) will still do so and remit funds on payment due date.

Corona can stop AGMs(given restrictions in movement , but it sure won't stop mark down and subsequent payment of dividends, which can be wired electronically.

...and what is this thing am hearing about AFPRUD board/directors accepting to pay the initially proposed 2019 YE final dividend of 70k but now swapping it as an interim payment in line with part XVIII section 379, Nos 1 and 2 of the CAMA(company & allied matters act), 2004.

Are there brokers or NSE stafers here that can help interpret this pls?
...I've never really followed up on that CAMA guideline.

It is well.

onegentleguy:


...and what is this thing am hearing about AFPRUD accepting to pay the initially proposed 2019 YE final dividend of 70k but now swapping it as an interim payment in line with part XVIII section 379, part 1 and 2 of the CAMA(company & allied matters act), 2004.

Are there brokers or NSE stafers here that can help interpret this pls?
...I've never really followed up on that CAMA guideline.

It is well.

Might be becos it is being paid without an AGM, which is how Interin dividend are paid

if that is done, the net effect is only semantic as same wld be ratified whenever the AGM can hold

they shld be commended for being proactive/ creative instead of using the excuse of the no AGM not to pay d dividendor postpone same

The Federal Inland Revenue Service (FIRS ) has collected the sum of N338.1 billion revenue for January 2020 as against N620.2 billion tax target for the month.

Winter is here

robobo:


Might be becos it is being paid without an AGM, which is how Interin dividend are paid

if that is done, the net effect is only semantic as same wld be ratified whenever the AGM can hold

they shld be commended for being proactive/ creative instead of using the excuse of the no AGM not to pay d dividendor postpone same

Gbam !!
Frankly, I used the same logic(line of thought) to explain that to someone I believe is also a member here, but he insisted that it'll be illegal to proceed with payment when shareholders are yet to approve same(with the AGM postponed) ...and so the NSE should naturally disapprove of the payment.

Maybe the dude no need money !!

Chibuking81:

Imaging the number of share one can acquire with Zenith at #5, UBA @ #2, GBT @ #8 Fidelity @ 80 kobo, FCMB @ 70 kobo.

Imagine that

onegentleguy:


Gbam !!
Frankly, I used the same logic(line of thought) to explain that to someone I believe is also a member here, but he insisted that it'll be illegal to proceed with payment when shareholders are yet to approve same(with the AGM postponed) ...and so the NSE should naturally disapprove of the payment.

Maybe the dude no need money !!

That shareholder is angry that he will not get moimoi, rice and coke during the AGM.

Some people get 10 units of shares o. Their dividends is just less than N10. So the moimoi, rice and coke is their dividends.

#hides from stones

Godisfaithful:


This wouldn’t last

All these traders are hinging their hope on the Senate approval of the stimulus.

This stimulus na real opium of the masses o.

onegentleguy:


...and what is this thing am hearing about AFPRUD board/directors accepting to pay the initially proposed 2019 YE final dividend of 70k but now swapping it as an interim payment in line with part XVIII section 379, Nos 1 and 2 of the CAMA(company & allied matters act), 2004.

Are there brokers or NSE stafers here that can help interpret this pls?
...I've never really followed up on that CAMA guideline.

It is well.

Even the directors need the cash pass us. They need to increase their stakes before the FPIs come back.

Chibuking81:

That should be bear trap in your word. is like you entered at last low of bonanza part 1.
From both local and international news, the bear is still much around, and lowest low process is ongoing.

The same way the bulls were around before market started to fall

RabbiDoracle:


That shareholder is angry that he will not get moimoi, rice and coke during the AGM.

Some people get 10 units of shares o. Their dividends is just less than N10. So the moimoi, rice and coke is their dividends.

#hides from stones

...very funny indeed.
But yes, I agree with u.

RabbiDoracle:


Even the directors need the cash pass us. They need to increase their stakes before the FPIs come back.

Mcy56:
Na so this market woundjure Cadbury and Glaxosmith finish.
Imagine Glaxo at 3.75 and Cadbury at below 6! . Chai!

Is Cadbury a good consideration, irrespective of covid-19?

RabbiDoracle:


The same way the bulls were around before market started to fall

Leave Chibuking. ...the dude doesn't understand a few things.
Soon, em eye go clear !!

RabbiDoracle:


Even the directors need the cash pass us. They need to increase their stakes before the FPIs come back.

ur head too correct

that was d reason Zenith nearly went on full bid (at this precarious time) the day the dividend was paid

Nawah oo the blood never stop

Zenith at 10

Even stocks with good Fundamentals follow.. nawah

Those that bought at 18 now -50% already ! So fast! Nawah oo..

Chai shey I no go wake up one day begin find transcorp for nse ? My God!

Mcy56:

Big stock is meant for big boys and small ones for small boys, just cutting my cloth according to my size. Lol.

TraDeRR:
Chai shey I no go wake up one day begin find transcorp for nse ? My God!

As it is, transcorp will only get patronage at 20kobo. Attention is now on good dividend-paying stocks.

Stocks with new 52 week lows
Transcorp #0.56k
International breweries #5.00k
Zenith #10.70k
Unilever #10.50k
Lafarge #9.10k
GTB #16.75k
NB #27.00k
Stanbic #23.85k
m Uba #4.50k

TraDeRR:
Those that bought at 18 now -50% already ! So fast! Nawah oo..

TraDeRR:
Chai shey I no go wake up one day begin find transcorp for nse ? My God!

So sorry my dear, i understand how you feel.

Take heart in this trial moment

Who knows ... can wapco still declare dividend they promised to, without agm meeting, due to covid 19

Godisfaithful:


I don collect my own dividend through devaluation or readjustment as CBN named it lol

Is it not the USD you bought 3yrs ago at N500 with hope of selling N1000?