yMcy56:
MEYER
Dividend: N1.50 .....for a stock trading @0.59k as at yesterday?
@Salanda or anyone wey sabi pass me, come explain o.........Thought a company cannot give dividend above it's market share price?

yMcy56:

Wow! That's great. Thanks.
Late info cos it's already on full bid @64k and very illiquid.

yMcy56:

Yes.
Qualification Date: 13th Aug. 2021
https://doclib.ngxgroup.com/Financial_NewsDocs/33916_MEYER_PLC%20CORPORATE_ACTIONS_(MEYER_PLC)_CORPORATE_ACTI.pdf

No single drop since market opens.......holders holding very tight.

samguru:
If you buy this share at 64kobo and wait till qualification date,it implies you have gained a lot even if the company collapses in the future.

In a nutshell, Meyer PLC is a risk free investment at current price

Raider76:
This amazing. So the management of this company have no idea how to expand the business with the cash they have than to share it out for consumption by the owners and shareholders.

samguru:
Meyer PLC is our ancestors stock ooooo.
My dad has been keeping his tasere units for over 25 years.

yMcy56:

I wonder o.
They even called it "interim dividend", maybe final Dividend is still coming..,.
Maybe the company is folding up......or selling off.

ojeysky:
Transcorp transcorp na wa o. Meanwhile some movement at Unilever when there are many reds today

emmasoft:

If you cannot get dollars yourself and you still wish to enjoy the proceeds of forex gains, buy good banking stocks. With the new CBN policy, banks are in for good times in that regard. Just thinking aloud.

Dollar dominated mutual funds is also a good alternative to preserve values.

MysTeerioz:


This.
I have been very sceptical about opening a Stanbic dollar fund. Does this mean I should go ahead please?

yMcy56:

I wonder o.
They even called it "interim dividend", maybe final Dividend is still coming..,.
Maybe the company is folding up......or selling off.

yMcy56:
MEYER
Dividend: N1.50 .....for a stock trading @0.59k as at yesterday?
@Salanda or anyone wey sabi pass me, come explain o.........Thought a company cannot give dividend above it's market share price?

phemmie06:


Please, if the stock is marked down wihout getting to N1. 50k (dividend declared) what will be the ex dividend price of the share?

phemmie06:


Please, if the stock is marked down wihout getting to N1. 50k (dividend declared) what will be the ex dividend price of the share?

Raider76:


This amazing. So the management of this company have no idea how to expand the business with the cash they have than to share it out for consumption by the owners and shareholders.

Pamelayoung:
But it's not even Available

sonofElElyon:


Meyer Plc reports a loss of N9.33 million in Half Year 2021

https://stocks.nairametrics.com/2021/07/31/meyer-plc-reports-a-loss-of-n9-33-million-in-half-year-2021/

megawealth01:
Hope no be confusion people wan buy so

OBAGADAFFI:


People are buying for dividends.

megawealth01:
No buy or sell sef

OBAGADAFFI:



What do you expect

yMcy56:

Pastor Vee, STI's result is good.....
PAT increased by +16%....
Think the best bet for now is to average down, if picked higher, then to wait for outcome of the board meeting held on 29th July.
If unfavourable, then, 'to your tent oh Israel'.
I actually expected something positive from that angle but guess we may never trust all these Coys until they chunk out nice goodies..

OBAGADAFFI:
UPDC i still moving

Raider76:


This amazing. So the management of this company have no idea how to expand the business with the cash they have than to share it out for consumption by the owners and shareholders.

emmasoft:


Don't blame them much. Sometimes in business to quit may be the best option at a particular time.

megawealth01:
I'm waiting to re-enter maybe at below #1

emmasoft:


She will need to move the stocks to a new stockbroking house. Her shares are intact.

First step is for her to open a new cscs account and that can be done by clicking the link on my signature and pick stockbroking as the product.

With the new cscs account, Investment one through CSCS Plc will move the shares over and she can decide to keep them or sell. She can also continue to use the account for trading.

Chat me up if you need further clarifications.

OBAGADAFFI:


Keep waiting, while Custodian is accumulating.

Payunsin:
Good day all. I have been off this forum/ sharers traiding for a while and stock prices has gone up since the last time i checked. I want to buy tomorrow and I need reccomendations on what to buy for medium term.
Your ideas will be well appreciated.