₦airaland Forum

myjoy08:
Sir, eterna is a good stock if only you can be patient. The only worrisome about the stock is the liquidity and volatility of its outstanding shares meant for trading. Please don't be a panic seller for now because u will surely smile at last. Just be patient...!

Typical!

myjoy08:
Dividend Projected is N36,002,000,000 which is equivalent to N1.10 per share (Not official) and not a recommendation to buy or sell. Just my own opinion.

it would appear so looking at the statement of changes in equity

donmarshia:
Solid FBNH result. Impressed!

The group result in general is good!

However, the company only made 0.17k profit in 2014 as opposed to N2.16k for the comparative period last year. I am assuming the company is the Nigerian bank?. Something about the group vs company result I am not comfortable with!

lancee:
Mr myjoy08 pls any news about FBNH ?

@MJ, the result is over 1wk late by your timetable ooooo

drtonyo:
Latest on the market

The AnalystNG @TheAnalystNG
1:05PM IMPRESSIVE- Stocks continue to rally as Bargain Hunters dominate, ASI hits 4.03% gain, trading at 35,772.86 bpt

I believe TRANSCORP will go back to #7 soon. NB is already close to its previous high

click like for tanscorp @ #7

a word of advice - don't believe everything any analyst tells you

Born2berich:
Exactly. A stock that was on full bid yesterday and no single drop on offer is now fully available and over N200m has been transferred in less than 3 hours. I have loaded more anyways. This is a big fish and i got my harpoon ready.

I do not want to be a scare mongerer, there was an article posted on SMN yesterday about the termination of their agreement with Sacoil regarding OPL 281. If I remember correctly, there is a liability associated with it. Please see

http://www.sacoilholdings.com/investor-centre/rns-aim/withdrawal-of-cautionary-announcement/?id=20&entryId=392

Excerpt:
"SacOil paid $12.5 million towards farm-in fees on 28 February 2011, which contractually will be refunded with interest byTranscorp. In addition, SacOil will not have any future commitments and obligations associated with the appraisal of OPL 281. As reported in our recent financial statements, the farm-in fee to Transcorp and the transaction fee payable to Energy Equity Resources Norway Limited of US$12 million and US$2.5 million respectively will not be due and payable."

Born2berich:
This market is full of surprises. So i always program my mind for the worst/best.

Please listen to that podcast then come back and tell us what you make of it.

Please note that they may also change their mind 'cos of the postponement by CBN of the implementation of Basel[b]X[/b] (where X is II or III, I am not sure) capital adequacy requirements.

Born2berich:
I dont expect FBNH to give bonus, however, dividend will be between N0.80k-N1.

Like I've advised severally on this forum, listen to their Q3 conference call to better shape your dividend expectation. They hinted that they might capitalize their Q1-Q3 profit. I for sure do not expect up to 80k. I am heavy here and am watching it like a hawk!

Born2berich:
Madam, i dont want firstbank to release result now make money come first. Please note that i am no demon. Every delay is a blessing in disguise.

Not always my bros, recent instances abound. FBNH seems to have a resistance at about 9.59ish, only a release of impressive results will break this resistance. GTB is already 30+, Zenith 24.8 ... meanwhile Transcorp is already on net offer of 23m+

Aks:
#Justpassingby.

Timing is Key in NSE levels. Please don't be caught unawares, know when to Exit cos after BULL comes BEAR.
Power is likely to change hand from the BUY side to the SELL side in a jiffy

then from SELL to BUY, it is quite normal and healthy. the koko is 'higher lows and higher highs'

Where is Chibueze aka Mr Sabinus?

Jsmile:
Greetings guys, it's been an awesome moment sharing with your joy about the outcome of the election and a bullish moment in the NSE. Our expectations will never be cut short this year IJN. WE ARE MAKING MONEY THIS YEAR!!! I personally appreciate all the people who directly or indirectly gave us newbies a pointer on the stocks to choose: I wish to inform you guys that for the first time turning into the Second market in NSE, I was able to load my portfolio with the following: COSTAIN , DANGSUGAR, ETERNA, FBNH, TRANSCORP, OANDO, UBA, FCMB, CUSTODIAN, WAPIC, CILEASING, AFRIPRUD (this no recommendation for newbies lol)

My question, as we await the dividend from FBNH and TRANSCORP, I haven't filled the e-dividend form, how do I get mine please. Just a humble question from a newbie learning.

Costain?

mercylicious:
wat does the incoming of buhari mean to us?
do u think islamic banking will be enforced?
what kind of policies is he known for?
Do u think d tinubu factor will mean more deals for oando?

Ever heard of WAI brigade?

myjoy08:
CCNN
Proposed Dividend 35k
Proposed Bonus Nil
Payment Date 18th August 2015
Closure Date 20-24 July 2015
AGM Date 13th August 2015
Qualification Date 17th July, 2015


http://www.nse.com.ng/Financial_NewsDocs/8999_CCNN_PLC_AUDITED_ACC_DEC_2014_FINANCIAL_STATEMENTS_MARCH_2015.pdf

what day is it today?

myjoy08:
http://www.nse.com.ng/Financial_NewsDocs/8990_DIAMOND_BANK_CORPORATE_ACTION_CORPORATE_ACTIONS_MARCH_2015.pdf

Proposed Dividend 10k
Proposed Bonus Nil
Payment Date 4th May 2015
Closure Date 16th-17th April 2015
Qualification Date 15th April 2015

10k only! e be like say person don buy kpomo here.

Diamondbank board hates dividends!

myjoy08:
MRS OIL
Proposed Dividend 88k
Proposed Bonus Nil
Payment Date 6th August 2015
Closure Date 13th July 2015
AGM Date 5th August, 2015
AGM venue To be announced

How far for ur fbnh? Today na Monday naa

Krisuba:
Abeg which registra fidson d use n address.abeg na divident things. Have nt seen anything 4 2yrs

Meristem Registrars

MilikiAgent:
Tomorrow never dies. So dont hold your breathe.
From page 1 of the report "The group's results for the year are set out on page 7. The profit for the year of N1.29 billion (2013: N703.2 million) has been transferred to accumulated Profit. No dividend has been recommended for the year."

have quickly gone through the report.

myjoy08:
Corporate actions might be on the way (Probably tomorrow)

their retained earnings is now +ve yet no div. ok ooo DRG

http://www.nse.com.ng/Financial_NewsDocs/FinancialStatementFull_ETERNA%20PLC._2015-03-26.pdf

ihedioramma:
Hello brother's and sister's you can now understand chibuking81 post, you can now thank him . how can uba and unilever pay #0.10 in all the profits?.

Dividend payment has no relationship with his posts (for the newbies who are hard of hearing IMO). He posited that the market in general would be in such free-fall this week with such speed that we may need to recompute the acceleration due to gravity

bigjay01:
cheers! I believe our thoughts are aligned. Let the price get beaten to ridiculous levels, I will load more.

been holding UBA since 1914

291m+ exchanged hands today! maybe i'll be waiting a long time.

BTW, why AIICO no wan tell us wetin dem talk for dia bod meeting wey happen since 11/3

DonDiego:
You are absolutely right. I should have written "...PERCEIVED disappointing results..." instead. Like I already indicated, discerning UBA investors and even prospective investors in the bank should know when their bread is being buttered. I await at the right junction with my machete. The prospect is too juicy to be missed.

cheers! I believe our thoughts are aligned. Let the price get beaten to ridiculous levels, I will load more.

been holding UBA since 1914

DonDiego:
It's shocking how people can be so one-track minded with regard to this UBA result. How could anyone expecting to make money thru UBA only focus on the possible dividend exclusively. The type of price appreciation opportunities which UBA has granted smart investors since late last quarter at its prevailing price (plus and minus fluctuations) have been such that any smart investor would have made tons of money before the disappointment of today's results. I don't know for others but I'd rather take the poor dividends of today and then wait for the expected punishment on the bank's share price to load up more on UBA. There's is no doubt that in no long time the kind of massive appreciation that will follow the patient investor in UBA given the strength of its retained earnings will make up for the sorrows of today. Sometimes it pays handsome to stoop to conquer with certain stocks. But then, what do I know? A lot of guys here are way smarter than many of us.

we all agree that the corporate action is disappointing. However, i beg to differ that the whole result is disappointing. they made an improvement on last year albeit ~2.6% bottom line improvement

angelo82:
This is not the first time for their ridiculous dividend...........I think we need more regulation in the stockmarket.........I hope the price can hit 8naira anyhow in 8months so that I can exit this stock............

regulators would never ask the regulated to pay more dividend. instead, they'll stop them from paying dividends ala last CBN policy of dividend payment (which i believe is being played out here)

angelo82:
Officially UBA is a useless stock to hold........Can you imagine 10k dividend......Very useless brand,always want to cheat investors.....I can't wait to dump them.......

I make bold to say "I will buy a lot more at sub 2"

myjoy08:
What i mean by the loots is for those that enter UBA @ 2.99, FCMB @ 2, Transcorp @ 2.22, UBCAp @ 1.19. Hope you understand sir?

even if i enetered UBA @ 2.99 and they paid 10k dividend (~3% yield), does this qualify it as a loot?

Chibuking81:
Oando from #28 to #13+, Transcorp from #6 to #3+, Conoil from #60 to 32, Nestle from #1100+ to #800+, infact all the stock loss half of their price, some below, while some little above half. Do you want the stocks to go down to 50kobo before you will believe.

Chibueze 1981, we are all humans.

Just accept you got it wrong and move one! People might then cut you some slack!

Jejebaba:
I dont understand what the FCMB board of directors are up to with this 25k dividend. Last year, they declared 30k per share. Why the drop in dividend declared despite 38% increase in Profit YoY? Are they envisaging a worst year in 2015 so as to use the retained earnings to boost their operation than coming out for right issues.

CBN policy + Basel II/III capital requirement thinzzzz

Jsmile:
Please the FBN shares I bought last week Friday is still showing pending in the stock position my broker sent to me, like I said earlier, this my first time in secondary market, am getting to learn how it works. is it normal that it has not dropped till now, if yes, how long will it take before dropping? thanks for expected replies

it will clear in T+3 (3 working days after the day it was bought ie Mon, Tue & Wed). if it was bought on Friday, it will show as pending until Thursday