₦airaland Forum

robobo:
.

Hello Chief

what would you term a good dividend payment history?
is it only in terms of amount? or it is in terms of % of EPS or terms of comparison to peers in the same industry? or in terms of years of unbroken payments? or in terms of growth to the dividend being paid?

would appreciate if you share

kalkah:
@AJ8, Kindly explain the calculation. I want to learn. Thanks

aj8:
Off loaded Betaglass. Targets reached. Beta glass Likely to drop back to N44.00-N48.00 range. I bought NNFM today @19.95 . Target N40.00. UBA reappraised since considerable potential upside.New target is N24.00-N31.00. Holding on.

BabsO2:
Do you think the revenues of banks in 2024 will be lower than that of 2022. Because that is what needs to be compared, as 2023 forex gains lies more in comprehensive income and should not be used for operating EPS and PE calculations as they are one off from currency translation gains in Naira. 2024 EPS will still be substantially higher that 2022 levels, hence supporting upward trend of bank share prices apart from the support of stepped up BVPS numbers from the 2023 gains.

yMcy56:
FBNH
Sighted @20!
The aggression with which these billionaires are buying!
In no time, the elephant may overtake UBA.....

* STANBIC heavy cross deals.....
Over 91M units crossed.......with N6B+ staked on it...

essentialone:
I have a feeling which is sentimental anyway . I believe many of the Banks might not want to pay the huge Company Tax of 30% from the humongous profit that will run around half a trillion by year end 2023. In my personal thinking they will buy more of their shares , then declare a huge dividend to escape the huge tax liability of 30% . The money will come back to them via dividend payment. The tax liability would have been reduced from company income tax of 30% to 10% of withholding tax .

My personal thinking anyway , so we are likely to see more purchases from them.

Locotrader:
We are firmly repositioned and waiting for the bears.
My target is UBA.
Let the bears be fast biko

yMcy56:
You did this FX analysis even before now and FBNH has the highest FX gain if I still remembered very well.


Your July 24 post below:

yMcy56:
You did this FX analysis even before now and FBNH has the highest FX gain if I still remembered very well.


Your July 24 posts below:

vacanci:
e be like say na FBN shares u load very well.

BabsO2:
Are you saying FBNH understated FX gains. That more gains will be delivered in FBNH full year than currently reported in Q3. While UBA already reported the all z gains and by full year FBNH FX gains will exceed UBA gains.

If so that could explain the rally in FBNH, as some vested money bags mop up available offers since they know the value. This will make them also mop the rights in full.

yMcy56:
FIRST BANK
What's behind all these heavy queues @19?
Is First Bank getting set to give UBA some good run?
Well, it once did by overtaking UBA and ACCESS......and went ahead of them in terms of share price value.

The forces behind each one will speak volume

We are watching....

*MANSARD closing in on Custodian

* AIRTEL @1694!!



Closing the gap with SEPLAT........while Seplat too is not waiting..

Streetinvestor2:
This market they funny. Do you know for long I was trying to sell nnfm at 16 plus no deal.It was after yesterday full bid I decided to check out thr result and was surprised at what I saw.Though my unit na afolabi unit and the same with ikeja hotel.
Then what is wrong with flour mill.Thr results have not been impressive

aj8:
I have the following on my buy list based on my Common Sense Entry
Wema bank entry point below N5.00. My Target 6.5-8.00
Berger Paint entry point below N10.00 . My Target N12.00-15.00
Betaglass entry point below N35.00. My Target 48.00-52.00-60.00
I sold Nestle Friday. Buy back if below N350.00 Will review if new data comes in.
My UBA target still N19.00 . Will buy more only if it dips below N12.00. I Expect it to have the most Blow out income statement for H1 of the banks based on their Foreign Currency Translation Reserves.( Second highest FCTR (N40bill plus) after First Bank’s (N50bill)


Please do your due diligence. Above are my Common Sense Entry Points.

onegentleguy:
A lot will depend on your entry price and what trade-setup you had in place (plan) in view of your investment personality and objective.

If you've met your target, especially if you were among the early birds (ref: N2 to N6 entry) , you might want to reduce your stake by 40-50% and redirect the funds to another more value accretive asset. (we already highlighted some of them here)

I remember advising some folks (privately) to reduce their stake in UCAP and put the funds in UBA/ACCESS (60-40% portfolio weighting in favour of UBA), DS/NASCON, OANDO, WAPCO and CHAMS (still trading at the support/demand zone of 85-90k following the retracement from previous YtDH of N1.3+ at the time)... and I think they've been better off for it.

This is one of the reason I always refer to portfolio weighting with stock selection and fund allocation. The goal should always be to seek to earn more at any given time.

Even with fundamentally healthy coys you don't necessarily need to hold for too long, especially if the asset has achieved/delivered a great reward margin or where the gap between potential return and projected risk has reduced compared to other select healthy names. (ref: assets intrinsic value leaves less MoS compared to CMP)

You can always rebalance your portfolio by allocating some funds to assets that can do better.
UCAP is still trading at a slight deviation from intrinsic value. (ref: FVE @ 21.9) but any jack will agree that there are of course a few better choices right now.

Btw, there are rumors that there could be a potential bonus distribution for YE, 2023, hence my advice to sell only 40-50% of your holding. And depending on the asset price, I will look to exit the balance of 50-60% before or after their YE, 2023 report.
Like I always tell folks; A bonus issue is often a measure that replaces QUALITY with QUANTITY and until you can establish that that quantity is also of good quality, be cautious.
It's like a man who offers to gift you with 3 apples in exchange for the 2 you already have OR buying it off completely for a cash consideration. On the surface, the non-cash exchange might seem of more value, but It'll be better to let him buy it, if the 2 you had is of better/healthier quality than the offered 3. ...especially if there's a high plausibility that the said 3 could go bad in days. (near term view)
In fact, the wider the margin btw previous OS (quality) and post bonus OS (quantity), the more cautious you should be.

Disclosure: This is just me saying what I would've have done having a stake in UCAP.
NOT an investment advice. Due diligence still applies as always.

Mfunkynation:
You are right!
COVID was a situation that happened everywhere!
but currently, what is happening that will make the price to fall back to that level now?

undead:
I am very sad. I lost a lot of money in Oando. I cannot sell my shares. I have a big problem. Don't misunderstand me. I started investing in stocks this year. I bought Japaul Gold, Transcorp, and Dangote Sugar. I doubled my money every time. My 4 million naira became 32 million naira. But now I cannot withdraw even 1 million naira. This is my life savings. I saved this money for six years. Please, what can I do? Ncha na acho e ba efi n'anya.

CC yMcy56, PETERiCHY, Locotrader, megawealth01, Ginalex, Ogg, prophet

aj8:
I have the following on my buy list based on my Common Sense Entry
Wema bank entry point below N5.00. My Target 6.5-8.00
Berger Paint entry point below N10.00 . My Target N12.00-15.00
Betaglass entry point below N35.00. My Target 48.00-52.00-60.00
I sold Nestle Friday. Buy back if below N350.00 Will review if new data comes in.
My UBA target still N19.00 . Will buy more only if it dips below N12.00. I Expect it to have the most Blow out income statement for H1 of the banks based on their Foreign Currency Translation Reserves.( Second highest FCTR (N40bill plus) after First Bank’s (N50bill)


Please do your due diligence. Above are my Common Sense Entry Points.

Godisfaithful:
For those looking for bargain in Nigeria Stock Exchange market, be patient. There’s no need to rush to buy anything for now…let the trade comes to you. Don’t chase because panic selling going to set in soon. Patient…

Popson92:
How do you check the current prices please?

yeddy99:
How do you reconcile figure of almost X4 when naira only did approx X2?