₦airaland Forum

Nah so Firstholdco dividend go begin rain from next year.

OBAGADAFFI:
Wait until you collect MTN

"…….

sconp:
You're already know he's referring to small gains.
He mentioned little money.

ghm:
He is talking about young people. Young people generally don't have enourmous amount of money to invest such that the profit can reach a taxable level.

Indeed, that transcript quote said "small money".
Looks like he is creating a wrong impression as some may think stock investing is quick money. Instead of planning for at least +2 years when investing.

Is Oyedele speaking from both sides of the mouth here when he said "many of our young people still spend the little money they have investing in virtual assets and sometimes in gambling whereas they can make more money with full tax exemption from the capital market." (1:03 - 1:20)

Is there no more capital gains tax again from taking fat profits on NGX stocks. Or he is cleaver by half and referring to small gains like N100,000 and not +9 figure gains.


https://www.youtube.com/watch?v=dZkbNDLKr-U?si

The way dividends are rushed to shareholders from TOE led companies this month ehn - Signal something is cooking from UBA

Mfunkynation:
I am shock I got the dividend... This is interim dividend?

BabsO2:
Infact, Ote$ could be aiming for those high percentages. Making his legacy with the bank. Let him just kick off with N10 dividend from next year while he mops as much as he can this year. He may be mopping at +/- 105.5 for the rest of the year

Looks like the N10 dividend is doable next year as I speculated earlier. Since mid year earning per share is about N11.5 based on the PAT attributable to shareholders. The probability of this level of dividend should be able to keep the share price in 3 digits going forwards especially if impairment charges get muted and or recoveries are made. Ote$ go wack plenty dividends going forwards

mikeapollo:
He may also scheme to not pay as much as N10 dividend, so that the price may fall/stagnate for him to acquire more.

Looks like he is happy with at least the 3 digit price. He will surely like to see price go higher I bet. Q1 the bank made N6 per share. By half year the bank has made N11.5 per share. There is hope it will make N20 per share for full year. And perhaps there is hope some bad loans will be recovered to strengthen book values and increase earning power in the years ahead.

Only guessing. Not investment advice.

Reject that o. Major bank like that no fit go private.

megawealth01:
FEMI wants to move us to PRIVATE bayi

He don tey people dey sell. That's what is giving volume to mop up. He now owns over a fifth of the bank and looks like he is not ready to stop there - he could still be going for more. At the +/-105.5 price as sellers dey come, nah so him dey mop.

megawealth01:
As news don come out people don start to sell FBN... Which kind shareholders be this bayi?

That is the best way to bam ba with GT and Zenith. Especially if he wants to make FB a major legacy for himself like Jim

megawealth01:
10 naira dividends. Jesu

mikeapollo:
Oando is similar to FBN. Formerly Unipetrol, also govt founded.
Wale and co. built their stake gradually for years after acquisition.
Ote$ has been gradually cornering FBN, hijacking PP unto himself, and may eventually command 40-50% or more in few years to come.

Infact, Ote$ could be aiming for those high percentages. Making his legacy with the bank. Let him just kick off with N10 dividend from next year while he mops as much as he can this year. He may be mopping at +/- 105.5 for the rest of the year

Will Ote$ play the dividend card for FIRSTHOLDCO?

Perhaps to sustain the price momentum. As sellers will continue pulling the price down to hold something in place of dividend. See heavy queue to take some profits above N100. Ote$ will buy tire till dividend starts flowing.

And dividend cannot come until next year. If some bad debt recoveries are made sellers will mellow small while waiting for juicy dividends. Otherwise nah for Ote$ to buy tire.

mikeapollo:
E lo f'okan ba le!

Wale likely to release Q1 results by July ending; and Q2 results August ending/ early Sept. My instincts.

I am guessing he will release a good Q2 along with a not as good Q1, together next month or before the end of this month.

megawealth01:
JEGEDE no dey tire sha... WALE plc abeg come help Oando na

I bought a little O today with little profit taking from first Sooner or later he must release something good too this year.

Yoursfaithful:
Agbalowomeri your food is here o

https://doclib.ngxgroup.com/Financial_NewsDocs/47491_FIRST_HOLDCO_PLC-_QUARTER_2_-_FINANCIAL_STATEMENT_FOR_2026_FINANCIAL_STATEMENTS_JULY_2026.pdf

This is the reason for the bank to comfortably cross N100 and on full bid for N105.5. How far up can Ote$ take it now

mikeapollo:
Wale may be coming up with something.
Although they promised to release 2025 audited results on or before May31. May be some people have seen the results and it is good.?

Make them release the result joor. Make we pray this journey doesn't fizzle out like that. But lead to the 3 digit destination without delay. My estimate of OANDO valuation is nearly mid way into four digits based on cashflow from reserves entitlements. Even with the planned dilution from Capital raise, it's valuation is still far from current market price.

Oando just gained a perfect 10%. So good. Lovely.

Thanks for your simple metric. Much appareciated.

aj8:
My apologies, Xidget.
Veritaskap eps isn’t just adding up. Will post after studying it closely.

💯

zendi:
JOJI ease is among the great benefits of itrading.

Stress free wealth building. Watch market and vibes, play with numbers, probabilities and scenarios. All electronically.

Agbalowomeri:
They should pay N10 if the book is truly clean

Make them just start with Interim of N1 in September

I need more JOJI Oando.

megawealth01:
If you investing in OANDO, Access and ELLAH you need a lot of PATIENT FUNDS

JOJI requires no new funds as one Jumps out of a stock (usually losing momentum) to Jump into another that must take-off sooner or later

Terrible full year result with N0 divided.
Price going up as Insiders are now free to buy as they please, since results are now released. Ote$ must be loading. He should bring the price to 3 digits joor. N100+ fits the bank.

Abbasmh:
I thought FIRSTHOLDCO released a bad result, but it’s currently going up at the market opening.

robobo:
Oga Babs

i have heard you but you are not paying attention to my concern "arbitrariness".

i agree that the 8% you stated above is quite low per the average within the Nigerian banking industry and should be worked on by Access (Notwithstanding the fact that the figure is within Basle requirement)

my point is why the focus on selling of subsidiaries as a means to achieve that aim. when the ratio has two other components?

In terms of liquidity (i.e. easy to achieve/sell/realised) the most liquid component of the ratio is the "liability" several of which will expure within twelve months (e.g. fixed deposits/ CP/ Bonds e.t.c) why not forbade the bank from taking fresh liabilities when those ones matured towars achieving the desired ratio?

another reasoning is that the equity part of the ratio has several other components apart from "sale of subsidiaries" which are easier to achieve than the desired "sale" e.g. retaining profit. so why not this route other than the sale of subsidiaries? are the subsidiaries making a loss (i.e. leaking capital)

I am saying, I hope it's not arbitrary.
That I hope it's an evolution of learning and safeguarding against risks from toxic assets.

That I get all what you are saying that I agree more slack needs to be given to reduce risk to ALL stakeholders including ACCESS.

Asset disposal is not a piece of cake. Neither is gathering of more equity investment funds. ACCESS should please be given more time and more options to mitigate perceived risks.

Multigenerational legacy
Proverbs 13:22 - "A good man leaves an inheritance to his children's children"

megawealth01:
I'm building AUDIO WEALTH for many generations unborn because real wealth is in AUDIO format

More Audio Assets joor

megawealth01:
ACCESS should do quick and become less than 20 naira. No time pls

robobo:
I dont see how what you stated correlates to closing down subsidiaries.

For sake of argument, lets agree that it does. To the best of my knowledge the equation you portray has 3 components and any of the 3 could be worked on to bring the ratio desired by the sheriff. So why insistence on just a variable impacting only one of the components

Total Equity of Access to Total Assets is only 8% in the Audited 2025. That is even thinner than the Nigerian Bank Average. I am just speculating that CBN is trying to save ALL stakeholders from toxic assets. Raising more liabilities and equities comes at costs that could even worsen profitability.

ppogba:
You have made valid points.

However, let us give the regulators the benefit of the doubt considering the facts that there are egg heads employed to do the thinking especially knowing fully well the implications of any fooly.

As far as they are doing it to safeguard all stakeholders, the better for all and sundry.

Yes o safeguarding all stakeholders is better for all and sundry

robobo:
The sherrif is not new (50% of his first term gone already)

I am positive one or two of the acquisition will have passed through the sheriff for approvals (which was not decline)

The sheriff should avoid arbitrariness otherwise how does he want to portray an higher moral grounds than the players he is policing

Regulations need to be updated as new knowledge or risks emerge. However as it’s a new regulation CBN should give more time for compliance.

Equity + Liabilities = Assets

Equity is about 13% of Assets for the average Nigerian Bank. That’s a thin cover.
10 being a round number may be what is pushing CBN to bring that 10% restriction. To preserve depositors and the banking industry from risky acquisitions.

Equity + Liabilities = Assets

Equity is about 13% of Assets for the average Nigerian Bank. That’s a thin cover.
10 being a round number may be what is pushing CBN to bring that 10% restriction. To preserve depositors and the banking industry from risky acquisitions.

Regulations need to be updated as new knowledge or risks emerge. However as it’s a new regulation CBN should give more time for compliance.

robobo:
i beg to disagree

while i am also not in sync with Access aggressive expansion of late. However, the treatment being meted by the regulator look very arbitrary and might not pass a test of logic

1. Didnt the regulator approved each of the buying in the first place? (because such buying are subject to regulatory approvals)

2. if so what had changed between the approvals and now to warrant a rollback?

3. for the sake of argument let accept a rollback is justified, how was the 12 month deadline (for sale) arrived at?

4. Does precedent (of mergers & acquisition) support the 12 months (when most of the buying took more than 12 months)

5. how was the 10 of SHF arrived at? what are the metrics driving the limit set?

6. is the regulator leaving the realm of regulation to dictate how a private coy deploy its capital


n.b i have very minimal and inconsequential units in Access but only concern about regulatory overreach

You must have bought in several places and or several times. I filed a consolidation form. I got this dividend in one piece.

jonnysessy:
ZENITH BANK
I don't know why Veritas Registrars is fond of doing this to me every year. Every time they keep paying me my Zenith bank dividend in piecemeal. They eventually will comply after i have engaged them through emails. I don't know why i always have to forward my CSCS statements to them before they will fully pay me. Meanwhile, i need this money together to solve a pressing need. Let me wait a day or two before we begin to exchange emails. Can they try this with my retired Chairman Mr jim Ovia ?
Part of the work of a registrar of a company is to keep the company book, i wonder why i should be the one supplying them information before my complete dividend is paid.

Many are eyeing and topping up.

megawealth01:
What is holding UBA from coming really down na?

Dupeodus:
Is this speculation or facts? If it's facts, then it's a material misrepresentation that no auditor should sign. Bond, carrying a coupon rate is bond, regardless of which tier. It's interests should be charged against earnings. That it is tier 1 only partain to ranking in event of liquidation. It does not make it equity and it ranks higher than equity.

Ask ChatGPT or other AI it’ll tell you how to treat it such tier 1 funds inside equity . ETI stated clearly. And followed the process without ambiguity.