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Re: Nigerian Stock Exchange Market Pick Alerts by yMcy56: 3:06pm On May 25, 2022 |
samguru:Seems Thestreetjournal took down the page..... The argument now is that the President doesn't have the power to sack CBN Governor without the ratification of the Senate..... So, we stay tuned to watch the drama.... ** Update** https://nairametrics.com/2022/05/25/rumours-of-emefiele-sack-not-true-osita-nwanisiobi/ |
Re: Nigerian Stock Exchange Market Pick Alerts by Mills55: 4:14pm On May 25, 2022 |
Re: Nigerian Stock Exchange Market Pick Alerts by Slimdove: 5:33pm On May 25, 2022 |
onegentleguy:The Central Bank of Nigeria increased monetary policy rate from 11.5% to 13%. The CBN mentioned several reasons for this action - to rein-in inflation, reverse capital outflows, attract foreign investors, discourage government borrowing etc. As expected, we saw some sell off in the market, as higher yields make fixed income investments more attractive than equity investments. This might continue if the CBN gradually raise rate over the coming months. This development is positive for banks though. With yields now rising higher than funding cost, we may see increased net interest income for banks with large low-cost deposits especially GTCO, UBA, FBNH, ACCESS and Zenith. Look to banks that are currently undervalued, especially GTCO. (CSL) 6 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by OBAGADAFFI: 5:39pm On May 25, 2022 |
Got this email from Stanbic. How does this affect UPDC and UPDC REIT? Dear Esteemed Investor, We are pleased to inform you about the recent update in the national scale long-term issuer rating of the UPDC REIT to A-(NG) from BBB(NG) previously assigned by the rating agency Global Credit Rating (GCR), with the outlook accorded as stable. Concurrently, GCR has assigned UPDC REIT a national scale short-term Issuer rating of A2(NG). The update was a result of the change in the criteria for rating Real Estate Investment Trusts and other commercial property companies in January 2022 by GCR. |
Re: Nigerian Stock Exchange Market Pick Alerts by MYMINDER(m): 8:31pm On May 25, 2022 |
onegentleguy: Not all CHEAP is attractive. There are underlying issues that make investing in Nigeria by investors domiciled outside Nigeria unappealing. Stocks are CHEAP, because the dire socio-economic issues in Nigeria have led to hefty discounts and rightfully so. Those that source and use Naira may fare better. 3 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by Heishere: 8:32pm On May 25, 2022 |
FBNH result. 35kobo dividend https://doclib.ngxgroup.com/Financial_NewsDocs/36072_FBN_HOLDINGS_PLC%20_AUDITED_FINANCIAL_STATEMENT_FOR_2021.pdf |
Re: Nigerian Stock Exchange Market Pick Alerts by Mpeace(m): 8:47pm On May 25, 2022 |
Heishere:Poor dividend but excellent performance. Eps from 2.45 to 4.17 Profit after tax from 89.7billion to 151billion. The elephant could well be back again but lets look deeply into the result before concluding. |
Re: Nigerian Stock Exchange Market Pick Alerts by BabsO2(m): 9:23pm On May 25, 2022 |
Mpeace: FBNH results need to be looked into deeply to understand the reason for the poor dividend payout ratio that is less than 10% of EPS. Perhaps capital adequacy ratio issues as customer deposits has been growing nicely. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by Wapgod(m): 9:51pm On May 25, 2022 |
Mpeace:Dividend per share reduced from 45 kobo for year 2020 to 35 kobo for year 2021. Cash and cash equivalents for the Group at end of year 31 December 2021 was 1,456,967,000,000. |
Re: Nigerian Stock Exchange Market Pick Alerts by leparj(m): 12:08am On May 26, 2022 |
Heishere: This is disappointing. Was expecting much more than this 35k dividend. |
Re: Nigerian Stock Exchange Market Pick Alerts by Wapgod(m): 12:16am On May 26, 2022 |
BabsO2:The dividend payout is decided by both the directors of the bank and the CBN regulator. |
Re: Nigerian Stock Exchange Market Pick Alerts by yMcy56: 6:40am On May 26, 2022 |
FBNH Q4 2021 PAT: Almost doubled..... Div payout: Below expectations compared to profit made........ FBNH/Analysts to provide more explanations to this. https://doclib.ngxgroup.com/Financial_NewsDocs/36072_FBN_HOLDINGS_PLC%20_AUDITED_FINANCIAL_STATEMENT_FOR_2021.pdf NIG ENAMELWARE https://doclib.ngxgroup.com/Financial_NewsDocs/36071_NIGERIAN_ENAMELWARE_PLC%20_QUARTER_4_FINANCIAL_STATEMEN.pdf |
Re: Nigerian Stock Exchange Market Pick Alerts by yMcy56: 6:52am On May 26, 2022 |
Mpeace:The Elephant is moving in the right direction from my layman's understanding. Standing back on one's feet takes time...... ..but the Dividend could have at least be more than last year's own. It's not encouraging. The way they were packing it, one would have thought there'll be special Dividend self.......would have been better if they'd released the result earlier too. It's well. We wait for the Corporate announcement. |
Re: Nigerian Stock Exchange Market Pick Alerts by Mpeace(m): 6:56am On May 26, 2022 |
yMcy56:Yes, we pray they the give a special dividend wen their corporate announcement is out. But the result shows they are close to catching up with gtco and zenith. |
Re: Nigerian Stock Exchange Market Pick Alerts by yMcy56: 7:10am On May 26, 2022 |
Mpeace:Well, if there's no special Dividend self, I think First Bank will still do well going forward. Let them put the profit to good use. I also want to believe that the Dividend payout must have been influenced by CBN. First Bank might have opted to pay higher Dividend but CBN's approval would have been final....putting some other variables into consideration. Make Una manage am like that if there's no addition and be hoping for higher pay in future. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by joedguy: 9:09am On May 26, 2022 |
Good morning all, has anyone received Okomu oil dividend. I tot I was 25th may being yesterday |
Re: Nigerian Stock Exchange Market Pick Alerts by pluto09(m): 9:13am On May 26, 2022 |
Mpeace: FBN still has a long way to go. Profit was boosted by recovery of about 140b as other income. They need to do more to get more income from the core banking business. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by ggoldmine(f): 9:15am On May 26, 2022 |
Received mine yesterday afternoon. joedguy: |
Re: Nigerian Stock Exchange Market Pick Alerts by joedguy: 9:56am On May 26, 2022 |
ggoldmine:Ok thanks,Please wch bank do u use cos I use union bank, yet to receive mine |
Re: Nigerian Stock Exchange Market Pick Alerts by yMcy56: 10:09am On May 26, 2022 |
No dumping witness so far since market opens...... Low volumes across board so far...... Maybe it's too early to make this comment or not....... Watching....... 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by ggoldmine(f): 10:11am On May 26, 2022 |
Re: Nigerian Stock Exchange Market Pick Alerts by joedguy: 10:15am On May 26, 2022 |
ggoldmine:ok. Hopefully will receive mine dis morning. Thanks |
Re: Nigerian Stock Exchange Market Pick Alerts by yMcy56: 11:05am On May 26, 2022 |
E Ku Market oo. See as everywhere silent... The slogan is have a strategy in place........ NAHCO: Think it was mentioned that people should look for pullback here and key-in, I'm sure someone like Peter will be waiting @N2........ GTCO is back to 23.......now sighted @23.50........ ZENITH: Back to 24..... FBNH : Holding up so far.......and somehow looking up.... I'm sure Otedola would have been watching all of Una dumping yesterday and saying "well done, keep it coming to my junction" |
Re: Nigerian Stock Exchange Market Pick Alerts by megawealth01: 11:13am On May 26, 2022 |
yMcy56: These aren't the best season for some Nigerian banks! |
Re: Nigerian Stock Exchange Market Pick Alerts by yMcy56: 11:23am On May 26, 2022 |
megawealth01:Mega welcome. Whatever, I'm sha happy that market stabilize. Yesterday's dumping was somehow scary, must not continue like that. E no easy to dey lose money. Besides, I think banking stocks aren't expensive. They didn't even partake in the recent bull, why will they still be shedding again? Not fair on people's investment nah. Also, if interest rate goes up, wouldn't banks be a beneficiary? 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by pluto09(m): 11:32am On May 26, 2022 |
yMcy56: Do you really call that dumping? I am not sure any bank lost maximum 10% |
Re: Nigerian Stock Exchange Market Pick Alerts by yMcy56: 11:32am On May 26, 2022 |
BTW, @Locodemy was sighted earlier...... Loco come out and say something, me I don miss you for here.... Dont let any insult get to you. If insult wan pursue person, I for don run tey tey for here, but I don decide say na me carry myself come here, na me go carry myself commot when I'm ready to leave. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by yMcy56: 11:33am On May 26, 2022 |
pluto09:Boss, the good thing is that the shedding didn't continue o. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 11:45am On May 26, 2022 |
yMcy56: In 2016 when Fed started to raise rates and CBN also raised rates in response, all stocks in the banking sector rose. Using GTB as example, see the chart below. Check the monthly charts of other banks as at that period and similar trends will be seen. 5 Likes
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Re: Nigerian Stock Exchange Market Pick Alerts by pluto09(m): 11:48am On May 26, 2022 |
yMcy56: To some people, the good thing is for the shedding to continue.. 7 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by yMcy56: 11:55am On May 26, 2022 |
pluto09:You're right anyway. |
Re: Nigerian Stock Exchange Market Pick Alerts by yMcy56: 11:59am On May 26, 2022 |
RabbiDoracle:Boss you're doing well sir. Maybe the rate hike is the catalyst the banks needed.... 1 Like |
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