Is glaxo Smith good at 4.8 and what is the dividends we should be exoecting if any cos I have quite few of it

abimbola01:
Please, why is Nestle not going below #765 ?

Shoo, my oga, e neva try reach? E don lose about 53% of its price from its 52-week low. I feel if you're interested in buying the stock, you may begin to buy in bits. Just my opinion.

abuhusna1:
Is glaxo Smith good at 4.8 and what is the dividends we should be exoecting if any cos I have quite few of it

Paid 50k last year

Good evening Gurus in the house. Please help a novice, what are the best stocks now for a medium term of 7months.

Bomboclad:
FBNH
27% YOY increase in PAT
38kobo dividend (vs 25kobo last year)

Mcy56....this is why today's volume was high; Thank you for highlighting this during today's trading.

http://www.nse.com.ng/Financial_NewsDocs/29601_FBN_HOLDINGS_PLC_FINANCIAL_STATEMENTS_APRIL_2020.pdf

In line with the Group’s 2020-2022 strategic objective, FBN Holdings Plc has commenced discussions with Sanlam (PTY) Limited (the owners of the 35% equity of FBN Insurance) and engagement with the relevant regulators with a view towards divesting from FBNI and selling its 65% holdings to Sanlam.

page 23

http://www.nse.com.ng/Financial_NewsDocs/29601_FBN_HOLDINGS_PLC_FINANCIAL_STATEMENTS_APRIL_2020.pdf

FBNH YE 2019 financial print.

Highlights;

• Improved indices accross several key revenue and earnings line.

• 38k dividend proposed(up 52% from prev yr)

• Planned divestiture. ...the group plans to divest from its 65% holding in FBN INSURANCE.
Sale shall be to the core investor, SANLAM pty ltd who already holds the balance of 35% stake in FBN INSURANCE.
I believe that this was the same group that recently bought over Continental Re from minority investors.
For emphasis, SANLAM Pty Ltd owns a majority stake in SAHAM FINANCES which owns CRe AFRICA(continental Re africa) that bought over Continental Re Nig.
...so FBNH is likely to get a good deal from the divestment.

Is FBNH a good buy @ current price?
...I'd answer in the affirmative.
However, I believe there are BETTER coys in the bourse right now !!

I shall review the report a bit more in due course.

Selah

I have limited funds and I am thorn between buying Firstbank and Wapco. If to say I no get UBA shares I for say e no go better for Tony.

aremso:


yes oo u will be collecting dividends as if you are collecting house rent

Zenith beats house rent well well. And no much stress. No quit notice, no court

Heishere:
I have limited funds and I am thorn between buying Firstbank and Wapco. If to say I no get UBA shares I for say e no go better for Tony.

. Wetin Tony do you ooo?

Mpeace:
Zenith beats house rent well well. And no much stress. No quit notice, no court

Na so. Those who know, know as e dey go.

BREAKING NEWS: POPE FRANCIS DROP HIS TITLE AS "VICAR OF CHRIST"

https://www.nairaland.com/3560501/holineness-righteousness-revival-messages-bible/28#88166708

seyisanya:
. Wetin Tony do you ooo?

Baba delayed our dividend

veecovee:
BREAKING NEWS: POPE FRANCIS DROP HIS TITLE AS "VICAR OF CHRIST"

https://www.nairaland.com/3560501/holineness-righteousness-revival-messages-bible/28#88166708

What is the effect on Covid-19?

FBN Holdings Earnings Hit N627bn, to Pay 38 Kobo Dividend
https://businesspost.ng/economy/fbn-holdings-earnings-hit-n627bn-to-pay-38-kobo-dividend/

Lafarge Africa Offers N1 Dividend as Net Sales Drop 2.2%
https://businesspost.ng/economy/lafarge-africa-offers-n1-dividend-as-net-sales-drop-2-2/

Intendy:
Ikeja Hotel Plc Closure of Register for Year Ended 31 December 2019

Proposed Dividend: Final Dividend of N0.02 Kobo per share

Proposed Bonus: Nil

Qualification Date: Wednesday, 1st July, 2020

Closure Date: Thursday, 2nd - Wednesday, 8th July, 2020

AGM Date: Thursday, 30th July, 2020

Payment Date: Friday, 7th August, 2020

AGM Venue: To be Advised

this one na dividend

yom2:
this one na dividend

Yes na. Awọn transcopse category.

yom2:
this one na dividend

Paid interim dividend of N0.03k last August.

Nigeria To Borrow $6.9 Billion From World Bank, IMF, AFDB

https://www.nairaland.com/5778598/nigeria-borrow-6.9-billion-world

@ Mcy,

Now we can talk of making money @ fcmb in both capital appreciation and dividend.

Hope you are done loading?

Loco is fully done.

CashDiMkpa:
My guess is 35k.

Your guess and that of lancee 40kobo was right. The div came in btw.

onegentleguy:
I just received an unconfirmed report that the CBN has adjusted the Fx sales peg to FPIs from the initial N366.70/$ to N380.20/$.
...the interpretation of this is that the apex bank(CBN) may have already devalued the currency by approx 3.7% given current realities.

The move might not be unconnected to the FPIs folks jettisoning of OMO sales by the apex bank yesterday.

This move, together with the CBN' recent guidance on stimulus(including a proposed N1.1 trillion intervention fund) to sectors with high 1st point of impact, will act to give a good measure of cushion to any feasible shock from the aftermath of the twin 'evil' of covid-19 and strain in oil price.

The next sensible thing to do is to:
1) Ensure that the proposed budget amendment is done in a way that sets realistic targets, and not those "forward-looking assumed pegs" as seen in the last 2020 budget.

2) Remove the 'evil' called subsidy, and re-align those accruals towards expanding/diversifying our economic base. This is the best opportunity/time to do so !!

3) Then enact and pass the expanded version of the PIB, and amend the Land use act, and we' ll be good to go !!

But of course, implementing these items can only be imagined with our current leaders and policy makers !!
All the same, great move from the CBN !!

For those who still think that this is not the best time to align with healthy assets/coys(selective buying with MoS compression to valuation in view) or who are still waiting on the side line in a bid to time the market, I sincerely wish u Good luck !!

Selah

https://m.guardian.ng/business-services/business/federal-government-affirms-deregulation-says-no-resort-to-fuel-subsidy/amp/

FEDERAL GOVT AFFIRMS DEREGULATION, says NO RESORT TO FUEL SUBSIDY.

• Govt to take position as OPEC meets

The Federal Government yesterday, affirmed its resolve to deregulate the downstream sector, stating that the country would no longer resort to subsidy or under-recovery if oil prices regain momentum.

If the government follows through the plan, Nigerians would begin to pay cost-reflective rates for petrol, using PPPRA’s monthly guide to NNPC and marketers on the appropriate pricing regime.

The Group Managing Director of Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, in a television programme monitored by The Guardian, yesterday, said the Corporation would just be another player in the downstream sector.

He said: “As at today, subsidy/under-recovery is zero. Going forward, there will be no resort to either subsidy or under-recovery of any nature. NNPC will just be another player in the market space. But we will be there for the country to sustain security of supply, at the cost of the market”...

Agenda 1 and 2 enforced. 3rd remaining.(see post above)
Our leaders really need to carry on with that 3rd part.
Then I shall begin to believe that they are making plans for a better tomorrow.
It's important to highlight that these moves are coming a bit too late. ...but better late than never.
More needs to be done though !!

I believe that the dual 'economic evil' of covid-19 and oil price slump will make most world leaders to sit up and seek ways to better their country.

Selah

onegentleguy:
https://m.guardian.ng/business-services/business/federal-government-affirms-deregulation-says-no-resort-to-fuel-subsidy/amp/

FEDERAL GOVT AFFIRMS DEREGULATION, says NO RESORT TO FUEL SUBSIDY.

• Govt to take position as OPEC meets

The Federal Government yesterday, affirmed its resolve to deregulate the downstream sector, stating that the country would no longer resort to subsidy or under-recovery if oil prices regain momentum.

If the government follows through the plan, Nigerians would begin to pay cost-reflective rates for petrol, using PPPRA’s monthly guide to NNPC and marketers on the appropriate pricing regime.

The Group Managing Director of Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, in a television programme monitored by The Guardian, yesterday, said the Corporation would just be another player in the downstream sector.

He said: “As at today, subsidy/under-recovery is zero. Going forward, there will be no resort to either subsidy or under-recovery of any nature. NNPC will just be another player in the market space. But we will be there for the country to sustain security of supply, at the cost of the market”...

Agenda 1 and 2 enforced. 3rd remaining.(see post above)
Our leaders really need to carry on with that 3rd part.
Then I shall begin to believe that they are making plans for a better tomorrow.
It's important to highlight that these moves are coming a bit too late. ...but better late than never.
More needs to be done though !!

I believe that the dual 'economic evil' of covid-19 and oil price slump will make most world leaders to sit up and seek ways to better their country.

Selah

This is about the best news to have come out of this gov't in a long while.
...great move I must say.

This(together with the recent Naira devaluation or currency adjustment as the CBN prefers to call it) should help spur the much needed interest on the part of FDIs and FPIs.
...the later group will likely begin to realign their interest in the equities market. Especially when u consider that most assets are now ridiculously underpriced.

Contrarily though, its a negative for coys in the oil & gas space, as the absence of 'free money'(subsidy) bites into earnings. I expect to see a little more strain with contracting margins going forward.
I have since said that coys in the oil & gas sector should be avoided.
Except for MOBIL/11 PLC(where there's an expected MTO likely @ premium to market), other coys should be avoided.
particularly TOTAL and OANDO. ...the latter remains a value trap for us.

SELL !!

DISCLAIMER: NOT to be infered as any sought of recommendation. ...the need for due diligence should still take higher precedence ahead of this post.

My advise: Pls follow ur instinct.

Bomboclad:
FBNH
27% YOY increase in PAT
38kobo dividend (vs 25kobo last year)

Mcy56....this is why today's volume was high; Thank you for highlighting this during today's trading.

Thank you too.
The movement and the rate at which people were packing it was so suspicious in yesterday's trading.

locodemy:
@ Mcy,
Now we can talk of making money @ fcmb in both capital appreciation and dividend.
Hope you are done loading?
Loco is fully done.

Lol. So you are no longer waiting at 1.10 junction again.
I know it can't get there na, they didn't do anything wrong than the fact that they paid same div as 2018 FYE.
I already bought the little units I wanted to buy below 1.50 at the heat of the dumping. Think I mentioned it here too.

Mcy56:

Lol. So you are no longer waiting at 1.10 junction again.
I know it can't get there na, they didn't do anything wrong than the fact that they paid same div as 2018 FYE.
I already bought the little units I wanted to buy below 1.50 at the heat of the dumping. Think I mentioned it here too.

I have to check the general market trend and I discovered I will miss out if I bid lower.
There was wicked transactions at 1.41 and 43 ,45,47 few days ago.

That means we have return 100% (single portfolio)to the market waiting for possible breakout.

abuhusna1:
Please what is the dividends of wapco please as I see they submitted audited report today on nse

Dividend: N1.00

Coolcash can now have the opportunity to bail out of Wapco.

The journey to km 15 is still far when take a look at the audited result and corporate action that followed it.

Jijo is very good here.

locodemy:
I have to check the general market trend and I discovered I will miss out if I bid lower.
There was wicked transactions at 1.41 and 43 ,45,47 few days ago.
That means we have return 100% to the market waiting for possible breakout

My eyes have been on fcmb and Ive been watching it thru the dumping periods, the price was defensive.
The least it went was 1.40/1.41 and immediately it touches that price it bounces back again. This happened repeatedly on few occasions it went below 1.50, so I just knew it wouldnt go too far from 1.50.
Anyway, let's see how it goes.....welcome back to the market.

Mcy56:

My eyes have been on fcmb and Ive been watching it thru the dumping periods, the price was defensive.
The least it went was 1.40/1.41 and immediately it touches that price it bounces back again. This happened repeatedly on few occasions it went below 1.50, so I just knew it wouldnt go too far from 1.50.
Anyway, let's see how it goes.....welcome back to the market.

In the midst of covid-19,there is survival.
I think there will be money in circulation now to tackle this famine and inflation in the country.

Those in the stock market will gain first.
Hope you have eyes to see what I am seeing.....

Wicked Jijo on board.