₦airaland Forum

DOLLARTEX:
If you are out,you can safely come in now.na God do am for you.#zenith

Do you think this bullish recovery is sustainable? or strategy to pump and then dump??

Mcy56:
GTB on steroid...........24 now and still trying to climb higher.........
Zenith 18.70 now......................22M bids against 1.9M offers...........
Fidelity, fbnh joined in the race........
Ucap getting set...........

Seriously am tempted to bail out with this small recovery oooo

Jejebabaa:
Imagine GTB on full offer, the last time GTB was on full offer was in 2015 during recessions

Nawaooo, and zenith bank is still doing strong man, has refused to go on full offer with his brothers. We watch and see how far.

But really, i cant see volumes to support and confirm that their is panic selling. Looks more like the market makers are just creating fears and playing with investors emotions.

How sweet and juicy it will be to buy zenith @ around 16 naira after mark down.

Good evening, please may i know the schedule for uber drivers training at their maryland office as in the days and time they conduct training for newly registered uber driver. Urgent please. Alternatively, is their any uber rep. phone number or email i can reach out to for the information?

Mcy56:
Same 20k.
I don't think market will punish it, if a stock of 6naira is paying 20k while that of 26 paid 30k, I think we should give credit to UBA. It will move up.

The way the stock has been so resistant to go above 6 is just so annoying. Lets see if it will break out and establish 6 naira support on Monday.

2zona:
http://www.nse.com.ng/Financial_NewsDocs/27462_U_B_A_PLC_FINANCIAL_STATEMENTS_AUGUST_2019.pdf

And I almost got tempted to sell UBA today, anyways, this bear market may still punish the stock for declaring same interim dividend with last year. Mr Market over to you. Lols

stcool:
And I just bought UBA today...

It offers more value for me than GTB & Zenith.
Will look to add more units from here in coming months.

The Board of Directors, pursuant to the powers vested in it by the provisions of Section 379 of the Companies and Allied Matters
Act, 1990 (CAMA) of Nigeria, declared a dividend of N0.20k per share from the retained earnings account as at June 30, 2019.
This will be presented to shareholders for approval at the next Annual General Meeting. Payment of Dividend is subject to
applicable witholding tax

pluto09:
If oil price stays low for a very long time, it will be a difficult time for NSE o..

But wait oo, with all the panic and the brouhaha that may follow the fall in crude oil prices, what will likely be Dangotes wish as and when his refinery commences full operation. Will he likely pray for a high or low oil price vis a vis his margin of profit and Nigeria economy. Am just thinking out loud.

[quote author=Infinitisi post=80387752]UBA at N5 will give you a dividend yield of 15% after deduction of WHT. Your head is there [/quote
Thats only on assumption that banks will retain their last years' dividend payout. The probability for that happening is only left for the gods.

cuteboy2:
I'm selling my GTB and Zenith. They have broken my support levels of N28 and N19, respectively. Today no bid for GTB above 27.75
I will get back in when the madness subsides

But what has actually changed in these two banks. Inflation rate is still below 11.6 but the dividend yield of zenith bank at today's prize is above 14% OR is Zenith bank planning to cut its dividend payout going forward?

Please when is FCMB share prize supposed to be marked down for dividend payment. Was thinking its today.

maishai:
bailed out of wema with 40% profit, anticipating cheaper and better deals..... I still cant phantom how Union Banks is now more epensiive than UBA

Wonders of NSE, just as sterling bank is now more expensive than fcmb and fidelity.

in all of these blood shed, sterling bank is still doing 2.48 and fcmb/fidelity lagging behind 1.90, it is well ooo. wonders of NSE.

dipoolowoo:
Confusion as Fidelity Bank Readjusts Dividend to 11 Kobo from 22 Kobo
https://businesspost.ng/2019/03/29/confusion-as-fidelity-bank-readjusts-dividend-to-11-kobo-from-22-kobo/

My candid advice to fidelity bank management is just to forget about holding AGM cos it may be chaotic and i have a feeling shareholders will throw stones at them.

tritritri:
Did u wish u had sold ?

Blood shed @ fidelity ongoing while fcmb builds up. Anyways defection from fidelity to fcmb is allowed as our politician will always do and crosscarpet from APC to PDP and vice versa.

Mcy56:
Pls which page is fcmb's dividend mentioned in their result? Their story's too much self. Lazy yooth in the house.

Check page 8 of the report

PharmAlfred:
Pls go and read the report. It is just on the 3 or 4th page. It is 22kobo

Bro it seems they actually replaced an earlier uploaded result. Go back to NSE website and download the current report and review page 2.

rebekah2011:
So where did people see 22kobo dividend. Wahala dey ooo

Am just confused oo, lets wait and get more clarification later in the day when they release DIVIDEND INFORMATION.

dipoolowoo:
Fidelity Bank Rakes N189bn, Offers 22 Kobo Dividend
https://businesspost.ng/2019/03/29/fidelity-bank-rakes-n189bn-offers-22-kobo-dividend/

FCMB Declares N15bn Profit, Proposes 14 kobo Dividend
https://businesspost.ng/2019/03/29/fcmb-declares-n15bn-profit-proposes-14-kobo-dividend/

FIDELITY BANK PLC
Directors’ Report
For the year ended 31 December 2018
1 RESULTS
31 December
2018
31 December
2017
N'million N'million
Restated*
Profit before income tax 25,089 19,213
Income tax expense (2,163) (1,445)
Profit after income tax 22,926 17,768
Earnings per share
Basic and diluted (in kobo) 61.35
PROPOSED DIVIDEND
2 LEGAL FORM
3 PRINCIPAL BUSINESS ACTIVITIES
The principal activity of the Bank continues to be the provision of banking and other financial services to corporate and
individual customers from its Headquarters in Lagos and 235 business offices. These services include retail banking,
granting of loans and advances, equipment leasing, collection of deposit and money market activities.
The Directors are pleased to submit their report on the affairs of Fidelity Bank Plc (“the Bank’’), together with the
financial statements and Independent Auditors’ report for the year ended 31 December 2018.
Highlights of the Bank’s operating results for the year under review are as follows:
79.16
In respect of the 2018 financial year, the Board of Directors recommend a dividend of 11.0 kobo per Ordinary Share of
50 kobo each amounting to N3,186M for approval at the Annual General Meeting. If approved, dividend will be paid to
Shareholders whose names appear on the Register of Members at the close of business on 12 April 2019. The proposed
dividend is subject to Withholding Tax at the appropriate tax rate, which will be deducted before payment

Whizzcute:
congrats bro, he's legit. BTW how much did it cost you to get this big daddy, both papers, price and shipping cost

Little above 1.9m

Cosplay:
...and your solution was to go to Cotonou? That's rather odd.



So you purchased a vehicle from Cotonou and imported it into Nigeria, which is currently against Nigerian regulations by the way, and this vehicle was delivered to you with "Tin can island originated complete and original verifiable customs papers"?

Did your contact ever mention to you at any point the legality of the entire transaction and process?

Did you ever stop to consider how he procured customs papers for a vehicle that was essentially smuggled into the country, which declare that it was shipped in legally?

Someday the dam is bound to break. Hope and pray you're not in the path of the avalanche when it cascades over you and your esteemed benefactor.

Young man, i dont know the basis of your argument but all i know is that i paid the exact amount of custom duty payable as a car that was shipped from anywhere in the world. The custom papers were taken to cotonou before the car was driven through all the borders and across all the customs check points on the road. In case you dont know, there are many ways to kill a rat.

So I was set to purchase a car from Cotonou as I was discouraged from buying accidented cars that flood the Lagos auto market. While doing my research, I ran into a thread: https://www.nairaland.com/2422759/cars-successfuly-imported-cotounu-delivered. At first I was sceptical and not convinced as any body can post any information online, but with further due diligence and upon careful examination and analysis of several other post by the poster Oviecardealer, I discovered he is operating under a registered company name which I personally searched and verified on Corporate Affairs Commission website. So my mind was made up and I decided to engage his service. We arranged for a meeting in his office, where he explained in details how he operates. We reached an agreement and few days after, both of traveled to Cotonou and with his assistance, advice, experience together with his partners in cotonou, I made my choice and full payment and thereafter went back to Lagos. And true to his words as agreed, my car was delivered to my place in 3 days time with Tin can island originated complete and original verifiable customs papers. I must commend this man. He is a real pro in what he does and his customer service is top notch as he places customer satisfaction ahead of his personal gains. Many thanks bro.

Mpeace:
U polarize ur money to them.

Nawaoo, okoo though am still not comfortable with dat

please how do morgan capital customers deposit money into their account. Do they deposit through polaris bank or something else??

locodemy:
Today's market na real bullshit

big time Bleep up, as in real shit.

mendes911:
Honey Flour Mills, FULL Offer.

It's also NSE that made the changes and not SEC.

okk, thanks bro. we keep watching out for the next in line. eagle eye activated.

Please oo, has any stock ever gone on full offer or full bid since commencement of the new SEC rule. I wanna know the price movement pattern thereafter. I feel it may not be something funny either ways. Thanks,