₦airaland Forum

Streetinvestor2:
Is the FPI not paid directly in dollars. How is it shrinking

You're kidding

10 years back a big pot FPI used to collecting + $1,000,000 would have seen it shrinking to $800,000 up to last year and $200,000 this year for the final dividend. Increasing NGN dividend paid, compensated somewhat for devaluation up to last year. But this year nah.

Streetinvestor2:
How is that because my dividend is paid in dollars. And when I change na hammer now compared to what I get before

Hammer wey basket of wetin him dey hammer dey shrink.
However more visible to the FPI

Mpeace:
Exchange rate foe Seplat's next dividend is 1,484.75.

This is higher than the last on. Dividend payment date 14th june.

Got GTCO GDR dividend today. Rate 1,461.16

Chai this GDR dividend has shrunk seriously. I wonder what FPI's that bought the GDR will be thinking Perhaps thinking of changing to FPT's (Foreign Portfolio Traders)

Mankind2024:
Investors count losses as brewery sub-sector wobbles under high OpEx, FX volatility

https://guardian.ng/business-services/capital-market/investors-count-losses-as-brewery-sub-sector-wobbles-under-high-opex-fx-volatility/

Will all these wobbles not reach the banks with huge impairment losses in the months and quarters ahead if the wobbling is not halted ?

Ginalex:
I hope a lot of people grabbed UBA @ 19 sha

Before the dividend land price don go up. Make we dey watch if prices will creep up or come down in Q3.

Princkez:
TRANSCORP also on full bid...

Abi the dividend don land. I read AGM was done yesterday.

SetrakusRa:
https://doclib.ngxgroup.com/Financial_NewsDocs/41297_FBN_HOLDINGS_PLC-_QUARTER_5_-_FINANCIAL_STATEMENT_FOR_2023_FINANCIAL_STATEMENTS_MAY_2024.pdf

40k dividend?

Chai
FCMB and WEMA dividend bit First Bank.
FBNH can lay claim to beating ETI that declared no Dividend. With 0 dividend ETI price no shake .

Will Ote$ and Co mop up more shares or will the price fall yakata ?

KarlTom:
Last year was 50k...

This year should be x3 or x4 that.

Manufacturers wail as unsold goods pile up in warehouses – Vanguard
Manufacturers of fast-moving consumer goods, FMCG are in dire agony over the continued rise in unsold goods in their warehouses, a development which would lead to a further significant decline in output level in the sector. The continued rise in unsold goods is caused by two factors namely the rising cost of living and the declining purchasing power of the citizens. Financial Vanguard’s findings show that due to the downturn in the consumers’ disposable income, the stock of unsold goods for manufacturers in the fast-moving consumer good, FMCG, sector of the economy.

This looks like bad news for the stock market.

emmasoft:
Looking for a firm that cares about the growth of your investment?
Investment One Financial Services does.
Click the third link on my signature to start.

Why are you placing a hold recommendation on UBA ?

ositadima1:
Testing...

Who are the official 3 Nigerian $ billionaires in that statistics?
Dangote, ? and ?.

Hogwarthtrades:
Stanbic IBTC AGM ongoing livestream
https://www.youtube.com/watch?v=gPCEiYF5jd0. enjoy the lamba!!!

Fidelity AGM should be holding too. Make them do quick finish.

vacanci:
Now you see what i am talking about.

After selling at 26.9 and today price closed at 22 that's already N4.9 out.

Who dividend help?

entered at 22 and will start averaging down from there.

My holding will be more and profitable than grabbing the dividend and re-entering with it

Observed psychology of the market around dividend is working. Well done for the observation. I have noted a price drive up pre-dividend by the dividend herds and a price slump post dividend driven by the post dividend bears too on many liquid dividend paying stocks. But never took time to quantify it or act on it.

Also there is the general post dividend season bears that usually pull prices down from May to August. That has been observed by many on this forum too. With the current macro despair (high interest rates, inflation, reduced purchasing power etc), these bears may pull down prices this year unlike last year when there was optimism. However, some sellers may realize taking profit too cheaply may be a double jeopardy with the high inflation and therefore not sell with deep discounts. Make we day watch. Some TA people may be able to see more with their tools

Camoready:
What is really delaying FBNH?

Perhaps the insurance subsidiary of the hold co.
Have insurance companies started releasing their results?

KarlTom:
Actually it happens everywhere: only in varying degrees of entitlement and force.
We have the omo onile who harrass builders on construction site.
The claim of the militants can be termed host community entitlement. However, 25% is unthinkable...

Many places across many states are unproductive because of host community entitlement spirit. It chases away people migrating there for ventures when these entitlement spirits don't waste time to shed blood. When you see a state with net migration out of it this entitlement spirit must be wicked in such places.

KarlTom:
Actually, they are raising the bar to get a good deal during negotiations.
Now there will be an unwarranted rise in the operating costs of OKOMU.
This is a similar scenario to the crude oil discuss: SECURITY.
Recall that OKOMU has at least FOUR expatriates on their board.

This whole situation brings to mind the Niger Delta Agitation... It. Is. Well

Looks like Land Ownership/compensation disputes. Or just the wickedness of unproductive folk that want to reap where they didn't sow. Has Okomu used all the land in the area. Are there no other unproductive lands in the area lying fallow.

.

mikeapollo:
Haba!
Oando's 40% of the 40,000bpd would be 16,000bpd only!

The +N300b PAT was not calculated based on this production. It's just coming soon

KarlTom:
Another good news of OandO faithfuls

Oil production officially commence at OML 13 with the first ever 6,000 barrels on 6th May, 2024. This figure should rise to 40,000 bpd by 27th May, 2024...

OandO has a 40% working interest in OML 13

I see over N300b PAT being announced soon.

Transcorp Poise to Sustain Profitability

The President and Group Chief Executive Officer of Transcorp Group, Dr Owen Omogiafo, who highlighted the six strategic pillars at the group’s Q1 2024 analysts conference call, stated that the management is poised at improving & sustaining its power generating capacity, continue innovation and optimization to improve customer experience in its hospitality businesses and robust maintenance plan to ensure that its businesses operate optimally and efficiently through the year.

“Transcorp is poised to take advantage of reforms in the electricity sector and continued to deliver value for all stakeholders.

https://www.thisdaylive.com/index.php/2024/05/13/transcorp-poise-to-sustain-profitability-with-six-strategic-pillars?utm_medium=Email&utm_source=Zenter-System&utm_campaign=%23105051+%3D%3E+MORNING+NEWS+HEADLINES&utm_content=71043eb8ce939a781ee004f5918df06ad94def69

Adinije:
The thing is, if you have enough more to buy as much shares as you want, then no need to be jumping in and out.

But for some of us with limited resources, that little build up matters a lot. And we also understand the risk associated with such decisions. If UBA price doesn't go down tomorrow, life goes on. No regrets!

It takes time, effort and stress to monitor prices and trends/information and to target a jump in and jump out. Time & effort is equivalent to money. Not everyone has the time and skill to spend for this jump-in jump-out that may work when done well and may not sometimes as Mr Market has the final say. For those that have the time and skill to invest great - do it!. Otherwise spend time on other stuff.

cocolacec:
I plan to buy more stocks soon,my question is which are good stocks paying dividends yearly for now?

UBA looks good in meeting that criterion at current price

KarlTom:
All these UBA Directors buying their shares are creating a pseudo price rise...

It's a good sign when many of them are buying. It's not too relevant if the market prices UBA right immediately what matters is the directors being consistent in growing the wealth of shareholders with increasing EPS and Dividends as the years roll by. UBA looks poised for growth with Tony as Chairman .

Mpeace:
But Access and UBA got more attention despite the economy and despite the factvthat they had far less profit.

Despite any more attention, GTCO sells at a premium to Access & UBA.

Mpeace:
Witth all the profit of gtb, ppl no dey rush the stock like that. Why naa?

Looks like money no too dey. Or people are risk averse and would settle for bonds instead of stocks. Or people are worried of the economy. Or investors want to be sure numbers are steadily improving and not one-off good results trap.

I think the CBN needs to thread slowly with this recapitalization while the government creates more conducive environment for businesses that exploit comparative advantages like oil palm, rice growing, gas production and distribution, power generation and distribution etc.

megawealth01:
OANDO on full bid

And what if it no longer delists?

I just wish they don't delist... Wale will join his colleagues in this manipul... business... Tony, Otedola etc same WhatsApp group

Peter and prophet should come and give us motivation to use hold body small till everything becomes clear

Enough of this Gbelo Gbebo.
It's time for a final take off abegi.

Streetinvestor2:
What is this other income that shot thr earnings to this kind level in just one quarter.

Zenith had a shot there too. But not as much as GTCO. UBA looks more organic and strong as it did't record outlier other income. Would be be good to know what this other income from GTCO and Zenith are. Perhaps open forex position CBN directed to correct the first couple of months. Good to know what exactly.

Princkez:
https://doclib.ngxgroup.com/Financial_NewsDocs/41176_UNITED_BANK_FOR_AFRICA_PLC-_QUARTER_1_-_FINANCIAL_STATEMENT_FOR_2024_FINANCIAL_STATEMENTS_MAY_2024.pdf

Fantastic print. No one should be selling at current prices. UBA should be selling above N60 The only thing not yet clear is how much dilution (or set back) will come from recapitalization.

OBAGADAFFI:
I suspect he and his cronies might be buying.

Most likely they are doing this to stabilize price and give market participants hope. And not erode hope in the prospects of DangSugar.
I have old DangSugar from the PO. Just waiting and watching. A HOLD for me. No trading. Would rather hope to see the kind of Growth PRESCO has delivered someday for Sugar

bisiki2:
This is a very good observation. Seplat show a full disclosure of what make up it cost of sales, i am still looking for what make up the cost of sales of N1.9 trillion for Oando.

Please if you find it out please share. Or any other information that shed light on what their assumptions for Revenues and cost of sales are and how this differs markedly with Seplat.

Choiceguy:
The only thing Oando needs now to appreciate in price is the issues of delist,once it is settled (suspended) which will be cleared by 24th of June 2024.there is no further adjournment the price will skyrocket.

Delisting aside. Also finance costs aside Oando needs to show operations with stronger margins. The 2022FY conveyed an extremely high revenue as revenue jumped from N805b to N1,993 billion. A rise of 148%. But cost of sales jumped up at a faster rate of 151% and nearly wiped out the whole revenue. Oando achieved a 4% Gross profit in 2022. While Seplat had a gross profit of 49% in 2022. Gross profit is before any finance cost is deducted. The Gross Profit is unusually low in the last two annual reports released.

BullBearMkt:
OANDO TECHNICAL ANALYSIS
Much has been said about OANDO recently, but what does the chart says?
Sentiments apart:
- Stock price stalled since Sept 2023
- Sellers are situated above 12
- A close below 9.50 is not favourable for the stock, it will most likely go lower
- Early price rejection above 9.10 may see price testing 12 and above again
- Minor supports at 9.10, 8.76
- Continuation of releasing unfavourable results may drag price down to test 5.50 - 7.20

PLAN YOU TRADES AND TRADE YOUR PLANS

This chart need to be inflation adjusted in view of the long time span and Naira devaluation
Otherwise try use the JSE technical plot