TLAX:
http://www.nse.com.ng/Financial_NewsDocs/31355_STANBIC_IBTC__HOLDINGS_PLC-_QUARTER_2_-_FINANCIAL_STAT.pdf

Interim dividend of 40k. Down from N1 in 2019 even though profit after tax & EPS increased. COVID 19 matters.

I know most of the accounts will be released this week.....

Zagee:
And the way I look at it, it will be more profitable to stick to an oil coy in diaspora than this one in-country. In terms of ROI

robobo:
from above . it can be reasonably assumed that the reduction of dividend has some kind of regulatory impetus hence would go round.

TLAX:
STANBIC_IBTC__HOLDINGS_PLC
Interim dividend of 40k. Down from N1 in 2019 even though profit after tax & EPS increased. COVID 19 matters.

Mcy56:

UBA's interim should be making some sense now. Let's see what GAZ will come up with.
E Ku Market o.

TLAX:


Absolutely @bolded.

Access bank wont be able to resist dropping it. From 25k to anything between 15k to 20k.

I still expect GTB and Zenith to stick to what they paid last year.

mk3jax:
http://www.nse.com.ng/Financial_NewsDocs/31359_GUARANTY_TRUST_BANK_PLC.-_QUARTER_2_-_FINANCIAL_STATEM.pdf

emmanuelewumi:



Zenith and GTB should be able to pay 25k

ikoroduarea:
Hello guys,

I have some questions to ask about stock and share.

(1) What is the difference between Stocks and Shares?

(2) A friend told me that this is the best time to purchase Stocks/Shares, can you please recommend stock/share broker that can help me purchase? Any government body instead of private broker as i fear private broker?

(3) Whats the minimum amount one can buy?

(4) Does Stock or shares have tenor like Tresury Bills? I only deal with Land property, Treasury bills and Mutual funds. I have no idea about stock and shares.

(5) Let's say i want to buy like 5 to 8 stocks/ shares, can you split like 500k to 1m if you are to buy 5 to 8 different stocks/shares, please recommened what shares to buy.

(6) I discovered that it is easy for anyone to know that someone purchase stocks/share by enterting the person's name and searches it on sec gov ng SECGOV DOT NG, U-eDIV. Is there how one can buy stocks and no one will be able to know through the website search?

Thank you very much.

Tvegas:
GTB has declared 30kobo dividend. This is an entity on steroids, EPS dropped by a mere 5% from N3.50 to N3.32. Covid got nothing on these ones.

dipoolowoo:
H1’20: GTBank Declares N109.7bn Pre-Tax Profit, 30 Kobo Interim Dividend
https://businesspost.ng/banking/h120-gtbank-declares-n109-7bn-pre-tax-profit-30-kobo-interim-dividend/

FG Pays Balance of Nigeria Airways N45bn Severance Package
https://businesspost.ng/jobs/fg-pays-balance-of-nigeria-airways-n45bn-severance-package/

emmanuelewumi:


Stick to land, Treasury Bill and mutual funds that you understand.


Then devote a month to learning about the stock market, frequent this thread after that you can decide if the stock market is for you.

When you make the decision to try the stock market, you will definitely get recommendations concerning Stockbrokers from here

kaynett:
Good evening everyone.
This is actually my first time posting. I appreciate the efforts and knowledge freely given out to the public on matters concerning Nigerian stocks by you guys. Kudos!!

Please I'd like to ask a question that might be quite different from the purpose of this thread, please forgive me.

1: How long does it take for bank shares in GTBank and UBA to be dematerialized. It's been over a month that I started and submitted to my stock broker(United Capital), and yet I haven't seen it reflect in my CSCS account.

2: In the process of doing the share dematerialization for GTB, I was told to pay an insurance fee of N5,000 for the GTB shares, of which I did. I'd like to know if it's proper to do so, and if anyone here paid an insurance fee during their dematerialization process.

Thank you all, as I await a kind response.

emmanuelewumi:


. insurance fees keh, did you misplace your share certificates and asked to get an indemny from an Insurance company?

RabbiDoracle:
3rd September 1929 was Wednesday. The following day was a date to remember in US and in finance.

2nd September 2020 is Wednesday. Will history repeat itself in global finance?

emmanuelewumi:


Stick to land, Treasury Bill and mutual funds that you understand.


Then devote a month to learning about the stock market, frequent this thread after that you can decide if the stock market is for you.

When you make the decision to try the stock market, you will definitely get recommendations concerning Stockbrokers from here

RabbiDoracle:
3rd September 1929 was Wednesday. The following day was a date to remember in US and in finance.

2nd September 2020 is Wednesday. Will history repeat itself in global finance?

TLAX:


Sense man...you want to buy more at lower prices. It wont happen

There won't be any meaningful drop in share prices they way i see it for now. I believe worst case scenarios have been priced in.

.....or it may well be the case of information trailing share price instead of vice versa as we were led to believe about "perfect markets". Take Guinness as case study.

Mcy56:

Why should UBA be punished if I may ask sir?
With covid effect which we already envisaged will have serious impact on coy's 2020 Q2 results, we should rather say that UBA really tried for even paying any interim div self, not to talk of them paying 3kobo less the normal interim div.
The donations to FG on covid is a form of biz in disguise if you ask me.
Anyway, if UBA will visit sub N6 like you said, it can't be around this time.......let's wait and see what GAZ will pay first.... before concluding on 'punishing' or not.

ojesymsym:
Lol... The questions are really....

Seriously, are they really people who don't have the most basic idea of stock. I thought it used to be taught in economics subject.

holm:

ikoroduarea:


Thanks for your reply. I thought I can just buy and leave for like 10 years or more? I thought I only need the learning for trading?

onegentleguy:


Saw this new CBN guideline ealier today.
...and having read it, the only thing I can deduce therein is;
This is a clear WIN for the BANKS and a few other select sectors(CONSUMER GOODS and INDUSTRIAL/MANUFACTURING coys) ...from an investing perspective, it should pay to hold on to ur banking coys and where u can, seek to accumulate more as prices visit ur comfort zone.

Why? ...a brief:

On banks;

In recent times, there has been a surge in idle Naira placement in banks, no thanks to the current scarce alternative investment outlets. With yields down and even more funds now chasing it post the CBN' recent guide on OMO and the FI market space, most banks have had to keep up with so much cash.
Again, the recent corona-induced lockdown may have also contributed to the surge in deposit as funds idle out from the aftermath of lower economic activities, particularly imports.

At some point, it was even said that some 1st tier banks were rejecting some deposits.
In retrospect, the surge in idle naira from higher deposit pool has had to force banks to lend more in lieu of the apex banks guide on LDR. ...with the the recent CBN mandate to loan out 65k for every N1 of accrued deposit, it was clear that the more money the banks received, the greater the need to lend !!(balancing LDR in view)
A banker friend once told me that the recent spate of LDR guide has made them(banks) familiar with that part of the song "the more money we come accross, the more problems we see" by Notorious B.I.G

Hence the need for this move, to help ease the pressure on lending(loans) that comes with higher deposits while simultaneously allowing for the increased flow of funds in search of better interest-attached yield, to the real sector.

And the likely impact on banks? A possible contraction in interest expense from lower CoF, which should broadly abate the downside risk on interest income and keep NIM on track. Again, this move will also help keep NPL in check by easing the possible carrying risk of increased asset deterioration that could come with the push to spur lending, with higher deposit base.
Little wonder the banks did prefer to sterilize their funds with the CBN than give in to the pressure of issuing out unworthy loans.
In my view, increased lending to the real sector should be the result of a careful asset selection and proper risk management framework and not the pressure of a balancing-out effect on LDR while keeping up with an accelerating deposit pool.
So this move is a positive for the banks.
...particularly those whose present earnings power is largely loan-driven than investment-driven, but with a relatively healthy loan book.
Looking at the possible WINNERS, I love ZENITH, GTB, ACCESS, UBA, FCMB and FIDELITY !!

On consumer goods;
Well, u do not need a soothsayer to tell u that this is not the best of times to leave ur funds idling out in the bank. ...that has never been a good idea anyway(think of the mix of higher inflation and battered rates)
This move further diminishes ur savings power. ...at the moment, it looks like the cost of saving can now take a bite off ur purchasing power at a faster pace(3x) than before. Put differently, u just might be better-off spending that Naira note than stocking it up in the bank.
There are 2 options;
Its either u work with it by spending it or allow it work for u through investing !!
That part about spending will in time, help drive up consumption and support production. ...and as more companies benefit from this, the more their prospect for better margins from higher revenue generation and healthy cash flow.
On this, I continue to like underpriced coys like PZ, UACN and WAPCO.
This is in simple terms how the CBN hopes that this move drives the needed growth in the real sector.

That other part about getting ur funds to work for u is where it gets really interesting. It sums up the reason for the part in bold.
With the present dearth in alternative investment channels, greater chase for better yield(ie all tenures on T-bills are often largely oversubscribed even @ approx </=3% discount rate), and the CBN now forcing down the previous base on savings interest from near 4% to 1.25%(10% of MPR(12.5%)), getting ur money to work for u, would definitely mean looking to make a choice out of a scarce few. Unless of course u can afford to take a little more risk.
...and yes, u guessed right !! Most funds will have to redirect their chase towards high risk investment instruments. Most funds will find their way to the equities mkt, ceteris peribus !!

Bottom line: I'd say there can be no better time to play the equity mkt than now. Taking position on some select stocks is no doubt a worthy investment decision.
Banks, Consumer goods, Industrial/manufacturing sector.
...Just ensure to align with the HEALTHY but UNDERPRICED ones though !!

Disclaimer: This review and follow-up inference are in view of the guide as put out by the CBN.
It is however neither subjective nor conclusive. ...due diligence still applies.

What to do? ...Pls follow ur instinct.