CSCS is confused.

After how many week they are mandating Stockbrokers to buy back the shares that investors have already sold and even spend the money. What is difficult is settling share reconstruction.

akinssan:


You need to update your KYC.

Ok. Thanks

ojeysky:


I feel you my brother we are both in it. Depends on your entry point me am just looking for opportunity to average down

My entry point is high o, way high. I have decided to write it off jare.

SmartMoneyGuy:
CSCS is confused.

After how many week they are mandating Stockbrokers to buy back the shares that investors have already sold and even spend the money. What is difficult is settling share reconstruction.

Lol. They have contacted you to vomit the money abi

Heishere:


My entry point is high o, way high. I have decided to write it off jare.

It started an upward movement today though. It's all good, better luck next time

Heishere:


Lol. They have contacted you to vomit the money abi

Christmas seems to have come earlier via UCAP touching 4.67 today. Hope you keyed in. If it heads towards 4.00 & 3... great opportunity to average down. Didnt think it will breach 5.20 so soon. Good opportunity today.

May Zenith repeat similar feat after markdown ...

DextrousDavid:


oh really?? ... thanks boss. noted!

zimams:
Christmas seems to have come earlier via UCAP touching 4.67 today. Hope you keyed in. If it heads towards 4.00 & 3... great opportunity to average down. Didnt think it will breach 5.20 so soon. Good opportunity today.

May Zenith repeat similar feat after markdown ...

Average down geng

na the way o...
rather than 'the whole cow to run away.... make we cut em tail hold somthing first...'

.

aremso:


Average down geng

Nestle, Nigerian Breweries Stocks Get Sell Rating
https://businesspost.ng/economy/nestle-nigerian-breweries-stocks-get-sell-rating/

Morison Manages 20% Weekly Gain in Depressed Stock Market
https://businesspost.ng/economy/morison-manages-20-weekly-gain-in-depressed-stock-market/

Banks Implement CBN Naira for Dollar Promo
https://businesspost.ng/banking/banks-implement-cbn-naira-for-dollar-promo/

Oil Looks Positive as Saudi Terminal Attacks Spur Price Close to $71
https://businesspost.ng/economy/oil-looks-positive-as-saudi-terminal-attacks-spur-price-above-70/

Investors Count N11.92bn Loss in One Week at NASD Exchange
https://businesspost.ng/economy/investors-count-n11-92bn-loss-in-one-week-at-nasd-exchange/

New FX Policy Will Cut Cost Burden of Remitting Funds—CBN
https://businesspost.ng/economy/new-fx-policy-will-cut-cost-burden-of-remitting-funds-cbn/

SEC Secures $400,000 for Nigerian Capital Market
https://businesspost.ng/economy/sec-secures-400000-for-nigerian-capital-market/

NASD Delists ARM Life Shares After Merger With Tangerine Life
https://businesspost.ng/economy/nasd-delists-arm-life-shares-after-merger-with-tangerine-life/

What did they pay for interim dividend again?

UNITED BANK FOR AFRICA PLC - DIRECTORS PROPOSE A FINAL

DIVIDEND

OF N0.35 PER SHARE

* UNITED BANK FOR AFRICA PLC - FY GROUP PROFIT BEFORE TAX

131.86

BILLION NAIRA VERSUS. 111.29 BILLION NAIRA

zimams:
What did they pay for interim dividend again?

UNITED BANK FOR AFRICA PLC - DIRECTORS PROPOSE A FINAL

DIVIDEND

OF N0.35 PER SHARE

* UNITED BANK FOR AFRICA PLC - FY GROUP PROFIT BEFORE TAX

131.86

BILLION NAIRA VERSUS. 111.29 BILLION NAIRA

wey d result?

I just saw this summary from investing.com
I never see the full thing...

robobo:


wey d result?

zimams:
I just saw this summary from investing.com
I never see the full thing...

its on NSE site

zimams:
What did they pay for interim dividend again?

UNITED BANK FOR AFRICA PLC - DIRECTORS PROPOSE A FINAL

DIVIDEND

OF N0.35 PER SHARE

* UNITED BANK FOR AFRICA PLC - FY GROUP PROFIT BEFORE TAX

131.86

BILLION NAIRA VERSUS. 111.29 BILLION NAIRA

http://www.nse.com.ng/Financial_NewsDocs/32561_UNITED_BANK_FOR_AFRICA_PLC%20_AUDITED_FINANCIAL_STATEMEN.pdf

zimams:
What did they pay for interim dividend again?

UNITED BANK FOR AFRICA PLC - DIRECTORS PROPOSE A FINAL

DIVIDEND

OF N0.35 PER SHARE

* UNITED BANK FOR AFRICA PLC - FY GROUP PROFIT BEFORE TAX

131.86

BILLION NAIRA VERSUS. 111.29 BILLION NAIRA

The offer will be very very full tomorrow!

seyisanya:
The offer will be very very full tomorrow!

more than full self cos there was no basis for the reduction as all major lines (GE/ NI/ PBT/ PAT / OCI) went up by double digit percentages.

UBA made more money in 2020 but are paying less dividend. Total of N.52 as opposed to N1 paid last year.

May be 2021 will be the real ghetto.

At this rate, it is only God that knows what Access Bank will do.

Dividend hunters got it wrong this time.

PharmAlfred:
UBA made more money in 2020 but are paying less dividend. Total of N.52 as opposed to N1 paid last year.

May be 2021 will be the real ghetto.

At this rate, it is only God that knows what Access Bank will do.

Dividend hunters got it wrong this time.

im positive something is at play here. (maybe opportunistic acquisition, hence need for cash)

but the issue is that the market is not going to entertain anything like that. pple had wised up to the fact that what they eat (dividend) is what matter.

so you can expect maximum punishment for the rest of the week.

the bottom wld be quite deep particularly when there was no form of market warning before now (like profit warning / guidance or conference call hint during 6 month / 9 month result release)

market (worldwide including Nigeria) HATES surprises (like this)

it cld be fishing in the 4 - 5 range for a long time (minimum of 2 quarters) till the Management direction is known for such drastic drop in dividend payout.

N.B not an attempt to run down as im heavy here

zimams:
What did they pay for interim dividend again?

UNITED BANK FOR AFRICA PLC - DIRECTORS PROPOSE A FINAL

DIVIDEND

These are the types of result that makes investors wonder if holding a long term position on the NSE is really worth it. Consider if you bought at N6 in March 2020 and Sold at N9 in November 2020 that 50% profit could have been reinvested elsewhere.

robobo:


im positive something is at play here. (maybe opportunistic acquisition, hence need for cash)

but the issue is that the market is not going to entertain anything like that. pple had wised up to the fact that what they eat (dividend) is what matter.

so you can expect maximum punishment for the rest of the week.

the bottom wld be quite deep particularly when there was no form of market warning before now (like profit warning / guidance or conference call hint during 6 month / 9 month result release)

market (worldwide including Nigeria) HATES surprises (like this)

it cld be fishing in the 4 - 5 range for a long time (minimum of 2 quarters) till the Management direction is known for such drastic drop in dividend payout.

N.B not an attempt to run down as im heavy here

NSE is a weird place. Don't be surpprise to see UBA go up within a short time. They did very well, so I wonder why they will be paying less dividend. It is still a surprise to me. We all anticipated a bad result from Nigerian companies but they turned the corner. Shareholders deserve better.

]

PharmAlfred:


NSE is a weird place. Don't be surpprise to see UBA go up within a short time. They did very well, so I wonder why they will be paying less dividend. It is still a surprise to me. We all anticipated a bad result from Nigerian companies but they turned the corner. Shareholders deserve better.

My Oga i really wish but im a hard nosed realist, nothing like that wld happen particular with the negative mood on the NSE now.

expect maximum punishment

UBA and Acess bank both belong to the Stingy Board Association .They make noise " UBA - with over 50 branches in Africa see what are paying out to.
shareholders. I will take them out of my portfolio. But I will be patience not to make loss sha.

robobo:
]


My Oga i really wish but im a hard nosed realist, nothing like that wld happen particular with the negative mood on the NSE now.

expect maximum punishment

i like your point

sentoms:
UBA and Acess bank both belong to the Stingy Board Association .They make noise " UBA - with over 50 branches in Africa see what are paying out to.
shareholders. I will take them out of my portfolio. But I will be patience not to make loss sha.

I hear UBA has problems in that 40% of the bank's loans are to its chairman's companies. And these are dollar loans he is struggling to repay.

Lion123:


I hear UBA has problems in that 40% of the bank's loans are to its chairman's companies. And these are dollar loans he is struggling to repay.

Serious matter if it's true

Gidigbo

Lol...
This is an anti-climax.
After UCAP deliver 70 kobo?

seyisanya:
The offer will be very very full tomorrow!

50% drop in dividend payout. Meaning that permutations around Dividend Yield based on N1 dividend is all in the water....

I'm personally upset by the opportunity cost of this investment. I could have fortified my Zenith holdings further.
UBA dea... dem fall hand sha..

robobo:


im positive something is at play here. (maybe opportunistic acquisition, hence need for cash)

but the issue is that the market is not going to entertain anything like that. pple had wised up to the fact that what they eat (dividend) is what matter.

so you can expect maximum punishment for the rest of the week.

the bottom wld be quite deep particularly when there was no form of market warning before now (like profit warning / guidance or conference call hint during 6 month / 9 month result release)

market (worldwide including Nigeria) HATES surprises (like this)

it cld be fishing in the 4 - 5 range for a long time (minimum of 2 quarters) till the Management direction is known for such drastic drop in dividend payout.

N.B not an attempt to run down as im heavy here

[Its unbeliveable as its disappointing...
I've been staring at the thing to see if its 0.85 they wanted to write and mistakenly wrote 0.35

quote author=PharmAlfred post=99721272]

NSE is a weird place. Don't be surpprise to see UBA go up within a short time. They did very well, so I wonder why they will be paying less dividend. It is still a surprise to me. We all anticipated a bad result from Nigerian companies but they turned the corner. Shareholders deserve better.[/quote]