₦airaland Forum

ppogba:
All blames should go to Headmaster Yemi.

Looks like he is looking for all sorts of reasons to stop or force banks to reduce dividend payments for a couple of needs.

Chai. Tomorrow is last day of September. Where is UBA Q2. Even Zenith has taken this long. Nah wah.

Nah UBA I dey look now. To pay higher interim than that declared by GTCO. As UBA didn’t pay final, they need to add something to the interim.

jonnysessy:
With this overdelayed result, best GTCO could do was just N1.00, then expect little or nothing from the others. The first result that comes out is always the best.

All eyes are now on Zenith Bank

Count down of last 5 work days of September. Where are the bank audited half year results approved by the CBN.

Ote$

millo:
Well played Firstholdco. Am surprised it closed flat after running all day at -5.5%. Lucky people made >5% intraday paper profit

Banks it's less than 2 weeks to go in September. Where are the audited reports and dividend announcements?

Pray for frontier bull in UBA and dividend within the next two weeks. Even Oando should get some frontier bull joor.

Agbalowomeri:
Should we be expecting frontier bull or election fever next week?

Abi na dangote refinery choke hold

That’s a good/quick path to $1T economy. The foundation already set. Let the building start with FDI of global capital looking for opportunities.

lionshare:
I think as the macro environment continues to improve, everyone should expect stiffer competition—traders, manufacturers, farmers, and other businesses—from both locals and non-Nigerians. The more stable the FX environment becomes, the more attractive Nigeria will be, especially given the size of its population and market. There is more than enough capital globally looking for opportunities to earn attractive returns, particularly in markets where investors can also have confidence that they can easily repatriate their capital.

UBA

Payunsin:
Make I no forget my purpose here,
Please what can I buy that has minimal downside risk n higher potential short term gains.

chimex38:
The context of the discuss was that the Chinese don't import from Nigeria.
And I said indirectly that they do. It's just that we don't manufacture or export enough.
When they introduced the 0% tariff, our export to China increased by 80%.

Nobody is saying compete with Chinese on same commodity products, of course it's a fool errand.

But compete a bit with exporting processed raw material products with varieties rather than exporting the raw materials itself which we mostly do.


Also, we should also just weaponize subsidies for our local businesses.
Grant them rental relief, lower taxes, etc.

With our huge agricultural raw and value added potential in Nigeria/Africa, China has extended zero tariffs. Yet we export minimally in these area and are even ready to import processed tomatoes from China. Perhaps Chinese may start investing in our Nigerian agricultural value Chain for local consumption and export purposes as we have refused to exploit this area that we are extremely endowed in Africa.

emmanuelewumi:
No be today. People are getting to know about it because of the protest that went viral.
Na to start ranching for cow remain.

Or start piggery in Southern Nigeria as pork is the predominant meat in China.

mikeapollo:
What we should hold them to is the Dividend Payout ratio.
If the share price is going too high, and there is not enough profits or cash to pay high dividend, the share price could be brought down (manipulated) to enable them pay the 5% yield.

I don't think 5% is a policy statement. But a guidance based on real market price that is not hyped but reflective of reasonable value. For now in their mind a reasonable market price is N50 (the rights price) which translates to a N2.5 dividend . I believe it's such thinking. Not a policy.

Please join us in further prayers while giving thanks to the answered ones like not going private etc,

emmanuelewumi:
They know, but they are hopeful and praying that God will touch his heart this time around.

I learnt some shareholders went to the mountains to pray and fast because of his matter

It's UBA dividend of at least N1.25 (or better N1.5) that I am betting Tony will pay shareholders promtly before this month runs out . The speed with which his companies paid interim dividends is the signal my bet is based on

megawealth01:
Tony is story for another day. I just hope he will continue paying fat dividends for which SEPLAT is known for sha

Entrepreneurship is not easy. The type that ventures into what Wale has done. Not all the buying and sell entrepreneurship that many do to rip off buyers. Wale has created real business. For that I respect him. Nigeria needs more real entrepreneurs. Nah Tony I am praying he surprises us with dividend alert before the end of this month.

megawealth01:
But DEEP down in your heart, do you think Wale is HONEST?

emmanuelewumi:
What if they suppress the stock price to N20 next year in order to pay a dividend of N1 which is 5% dividend yield.
He should tell you guys that the stock price will be between N90 and N100 in September 2027 and we will pay a dividend of between N4.50k and N5.00 which is about 5% dividend yield

Don't bet on such price manipulation just to pay a lower dividend. Come the time they will pay dividend my bet is a comfortable share price of N200 and above considering the way SEPLAT, ARADEL and Dangote Refinery is bullishly priced.

Perhaps they'll switch to stating a % of EPS going forward. Which way my bet is N10 dividend will be the next dividend.

I bet on the N10 dividend
That will be less than the cost price for many that packed the shares boldly when the going private brouhaha was on.
A 5% target dividend yield is not bad. Aradel & Seplat dividend yield are 2% and 3% respectively.

megawealth01:
Make I use fear pick the 10 naira dividends

mikeapollo:
Dividend based on 2027 accounts. They made reference to retained earnings of negative N62b per 2026 accounts.
Please take note that the figures they mentioned are under ''Company'' and not under ''Group''.
They seem to be cleaning the books of the ''Company'' to enable them pay dividend.

Just my opinion, I may be wrong though

That is sometime in 2028 the following dividend will likely be paid
N2.5 If share price is N50
N5 if the share price is N100
N10 if the share price is N200

emmanuelewumi:
They can't talk about dividend yield without talking about the referenced stock price

Wale just clarified it's as percentage of share price of the day.

On Dividends. Does he mean to start paying 2027 based on audited 2026 or based on Audited 2027 to be paid in 2028.
The finance guy just said a 5% yield is targeted for Dividend Payments.

megawealth01:
They are not asking him hot questions as I expected. If he sure for WALE he for make am public instead of all these secret things

KarlTom:
OandO AGM

"Dividend payment to resume 2027..." Mr Wale Tinubu

https://www.youtube.com/watch?v=xVw9io65FdM

yMcy56:
OANDO AGM is ongoing....
Now at questions and answers...

Right now in the market, Oando has gained 5.88% with offers drying up and demand rising.

With the way SEPLAT has repriced since my last Oando valuation based on crude entitlements. And with the way Dangote Refinery is priced bullishly at multiples of asset value, Oando needs to reprice up quickly. We are watching Wale today. He did well distributing some shares last year. He needs to deliver better turnaround story today in today's meeting. For me it will be better the outstanding shares to be redistributed are sold to reduce debt levels and bring shareholder funds to positive territory speedily, while he starts paying a tiny dividend for now.

.

Looking at SEPLAT audited annual reports in NGN and translating to USD, the shareholder funds have not grown that extraordinarily if one compares 2014 financials with 2025. And the IPO I guess was not at a high multiple like x4. This devaluation is creating some illusions and the market looks over priced for oil related stocks.

emmanuelewumi:
What happened to Aradel and Seplat when they were initially listed.

Dangote Refinery shares will also come down to N300, after that it will climb to N400 and then stabilize

As someone that already have a stock broking account I like this NGX portal for offers.

https://www.invest.ngxgroup.com/

I have used them for past offers like First Bank etc. I can see Dangote refinery is there if I want to buy. Not all offers are featured here though. The last Chams rights wasn't offered through this NGX platform. Guess this is one of the ways NGX corners extra cash/profits.

Just for your information.

I think Ote$ will rather continue to defend first bank perhaps into N200 sef now that the bank is part of stocks selected for the frontier index. And come next year dividend will likely shoot up to N10 as they have already issued a statement of 60% profits will be paid out as dividends.

mikeapollo:
I just need to buy my few tasere units before Otedola go bombard the NGX floor.
That $100m (about N140b) shares are surely not enough for someone like him

He must give us better update about the turnaround. He distributed shares last time. See how Alhaji dey manage and sell him market with high 2026 margin. Or how Seplat has grown in the last 10 years. Shame suppose catch Wale. He must deliver something good and much better this time around.

faoogoke:
Yes! Wale will deliver or disappoint. Shareholders should keep praying for the best

Thursday will soon be here. Wale must deliver o.

GeeKudi:
Like Cusson's and Johnson's 💁, otherwise

Brent is nearing 110 and all O&Gs are flying except OANDO

francesfrances:
What are those things, other than petrochemical products usually extracted from crude oil. Other refineries in the world also have a petrochemical parts too, and their valuation doesn't come close to 60 billion USD

Can you get the Return on Assets and Return on Equity of these petrochemical complexes also. Last 5 years and or last year will be an excellent benchmark for making informed (not hyped bullish or bearish) decision. I will do a search as well for quoted comparables.

While I bought more UBA in betting on at least N1 interim dividend that will be paid fast. With the speed the rest of TOE companies have paid interim this year.

olaremint:
My broda after having the shares for a year and half, I decided to jump ship, after all elulu has taken his money to Seplat and cashing out

I would have been regretting today if I didn’t sell

Agbalowomeri:
The story is similar for all banks

Not for First Bank, Zenith or GTCO

francesfrances:
Please, due diligence is advised

For your investment in this refinery at N525 to generate a return of at least x1 or x2. It implies this refinery valuation has to increase to >90 billion USD or >141 billion USD. Currently, it's rare to find any refinery with petrochemical industry with even a valuation of 60 billion USD

Excellent graphic you got there.