₦airaland Forum

Heishere:
I think I will go with yMcy56's advice. Maybe buy more after markdown

Nice approach! I am not sure if this trend still holds for UCAP, but I have noticed that the price action after announcement of FY report makes it difficult to buy for shorts or even for increasing one's position profitably. If one is unable to join the wagon before announcement, it is usually not worth it. And in the past, based on what I observed, it took some time after markdown before it's price went low to reasonable (for current shareholders) pre-announcement level.

NB: This is just an observation. I might re-invest my dividend in the same UCAP if I don't find another stock with potentials of growth like UCAP. Current price though .

YourCoffin:
My dear use the money and shop nkwobi

This is hilarious.
But I hope that the enquirer is not discouraged by the sarcastic comment.
That is a good starting capital, if the thirst for growth and knowledge is right and diligently approached.

emmanuelewumi:
Your father who gave you the code should be able to do the monitoring of his shares

edoman2016:
Seriously, 13.5% investment returns for a whole year? Inflation rate is currently 16.63% in Nigeria. fixed income investment like bond, mutual funds etc can't make you guys rich.

Take risks. Start a business and grow it or invest in startup business with long term potentials.

You can also think of it this way: "ise ko lowo". This means hardwork does not guaranty financial breakthrough. Many people who invest in these vehicles are okay with the 9-18% annual ROI (even higher for those who are not sleeping with both eyes closed) for many reasons including:
1. It is just a passive source of income. They are continuously dealing in businesses or earning salaries while investing.
2. They are building wealth, not just slaving for money. After laboring hard, your money should work for you in return.
IOn the other hand, if a business returns 20% of its capital in 1yr, let us imagine the monetary value of the efforts, sleepless nights and time that its owner must have put into it, especially in a harsh and volatile economy.

gabscity:
I think the answer to his question is PATIENCE and Right ENTRY PRICE.

Apt answer!
I guess that boss is just catching cruise with his questions today though . He started with the question on when UBA will be paying the ALREADY paid dividend

emmanuelewumi:
Very difficult to successfully time the market.

Do you get weekly report from your Stockbroker that shows your average cost prices of your stocks? The average cost price will enable the investor to determine if he has made a profit and if the dividend yield makes sense

I have the following average prices from the report sent to me from United Capital.


UBA N3.50
Access N3.75k
Dangote cement N190
Dangote sugar N6.50
United Capital N2.10
APR N2.30
Vitafoam N3.20
Custodian N2.90
UPDC REIT N3.10
Zenith N16
FBNH N4.10
UACN N6.70
Lafarge N19.15
Airtel Africa N310
MTN N115.


Just make sure you don't runaway from the market when it is bearish, invest for cash flow from your Investments, diversify your gains in a bull market to less risky assets like fixed income, money market, small or personal businesses and appropriately priced real estate Investments, practice Naira cost averaging combined with Investing for dividend yields, dividend safety and dividend growth

Thank you for sharing your personal information for enlightening purposes sir. These are sweet bargain cost averages as I would imagine of a seasoned investor like you. And I have never mentioned it here before that I called you on phone to have a chat when I first started investing (with my NYSC savings about a decade ago). I appreciate your encouragements back then.

Truly I receive the weekly updates from my stockbrokers, and I am consoled by some 150%+ positions, but majority are currently around the current market price (which I am not overtly bothered about). My earlier post was also to drive home a similar point because I have had discussions with people who believe a dip is an opportunity to buy more (which in itself, is a right approach), but they often do not wait the low till it gets to the lowest RANGE. It is good to invest for steady dividends, but one also needs to ensure those investments are sweet deals. One ironic advantage of not always having surplus available cash is that one can buy stocks of interest over a price range.

I think your post also stylishly talks about taking profits WHEN DUE (determined by a lot of factors). I once mentioned in my post here that at my age, I prefer the exponential growth (which emphasizes taking profits on 180%+ price appreciations and spreading the proceeds across other stocks of interest and re-entering if/when an opportunity presents itself). My projection is that by the time the costs of our kids' education and living start demanding more income, I would have structured my portfolio for bargain dividend yields. One of my investment mentors says "take calculated risks vigorously when young".

Lion123:
I pray for N16 for Zenith. Let God show himself strong.

I really like this target price.
Rain and shower are not the same. Sometimes, averaging down needs good calculation. A stock that is yet to lose 30-40% in a general "rainy season" might continue to be a value stock, but not necessarily a sweet deal. A sweet deal is booking a first class flight ticket at about the same rate as economy class, on a world class airline.
I also wish the rain falls well on Zenith, and I would be glad to enter at this N16. N1600 can then buy the same number of units that N2500 once bought. That there is a sweet deal on a value asset!

NB: Each person has paid different costs as "school fees" on NSE, so we cannot judge people when they define their cutoff averaging down entry prices. Someone who averaged down on FBNH all the way from N20+ to N5 might just refer to my own cutoff of 30-40% dip as mere showers that precede the actual rain.

siofra:
Yes but that thread looks like it's dying.

And I don't know much about cars either, is Toyota Nigerian stock because I'm guessing it is.

I am assuming you replied that sarcastic question with sarcasm - that was just a question that explains in a million ways, the answer to your question comparing Nigerian stocks to US stocks.
I have no idea how much you know, but to answer your question for the sake of beginners who might be visiting this thread and searching for answers, here is my 2 cents:
Comparing Toyota to BMW is like saying your level of happiness/fulfilment/satisfaction would be defined by your "goals". You can be happy buying a BMW with all your savings and be cruising round town in a German machine for which a repair can pay someone's annual rent, as long as it gives you fulfillment, brands you well, places you in a class, and so on. You could as well buy some Toyota making you next door guy who goes to bed without worries, and also knows that whenever he puts his used car up for sale, there are ready buyers. Both guys are fulfilled.

Having clearly defined your goals/targets, next is the two assets needed for successful stock investment/trading, which are capital and knowledge. On a thread such as this, you will continuously acquire knowledge from people's experience and/or knowledge (if you invest the time, patience and humility, though) free of charge. With your knowledge, you are better able to do due diligence (DD) when a stock (pick) is recommended, or even able to manage and align your portfolio according to your goals. On the other hand, one can lose their capital, if jumping in and jumping out (jijo) on picks (recommended stocks) without a goal or sufficient knowledge for personal analysis. It is not uncommon to see people buying and selling stocks strictly based on opinions or picks of others. It is the fastest way to losing all your capital, or paying avoidable "school fees". Since money is neither lost nor gained in the market, my guess is that both traders and investors are feeding fat on the capitals of unrepentant speculators and people who jump at picks.
So, coming back to your question, I woke up two days ago to see that Dangote sugar lost about 5-7% of its stocks price, and since the two days, it has been hovering around the same lower price. If it was a US stocks, I probably would have woken to see more than 80% loss in my capital first of all, or I might have sold due to panic (even experts sometimes find it hard to decipher a pull back from a falling bridge, how much more a learner like me). Summary is that your $2 can turn $100 in one day on the US market, just in the same manner as your $1000 can turn $1.

PS: If you choose trading, you might not enjoy the NSE, and be jumping from forex to crypto to US stocks....

I hope with this, you can make your choice between Toyota and BMW. Happy investing/trading!

emmanuelewumi:
You are doing well

He can borrow, provided his cash flow in the next 6 month can liquidate the loan

This is enlightening! The wealth of wisdom/knowledge on this platform is ever a blessing.
Just to clarify though, I am borrowing myself money, and I am not yet a millions millions person like some ogas here (no need for bank loans for my kind of tashere units). Steady/exponential growth in the now, then easy motion tourist life in the later.

Ades1:
Bro, don't borrow money to invest oh! I invest money I can survive without for the future cashflow.

I sleep well at night knowing the likes of GT, Zenith, MTN, Dangote, Stanbic, UCAP, UBA etc all combine to pay me N50,000 every month regardless of what the market does. The ultimate goal is to eventually get that monthly payment to N300k in a few years

Thank you for the word bro.
Actually, I use the word "borrow" because I have found it helpful when investing. Here is what I mean: the UBA I bought today for instance, was from funds withdrawn from my money market fund investment. On my mind, I have borrowed from one vehicle to invest in another, and so I must work hard to fill the gap I have created (the quaterly returns from this MMF was intended for my mother's upkeep - God is good, she turns 67 tomorrow). Same way, if I borrow from the funds my family has set aside for opportunities/emergency to invest, I will pressure myself to refund the money quickly. It is more like borrowing myself and paying myself back. If person no dey apply all these kind approaches, na so so emergency and begging go dey take every dime that one earns.
I like your strategy by the way!

Ades1:
The slaughtering this week no be here! And man don broke, no money to buy more

No be small at all!
Do we expect more dips in Dangote sugar?
I bought very few units yesterday, with the small change I had left.
I would not mind borrowing from family funds to buy more at any opportunity, but identifying that opportunity (low of lows) is the main issue here. Make person no go catch falling knife.

These quoted posts were made about a year ago.
Nobody can time the market, and anyone waiting for a perfect price may never buy or sell.

Intendy:
Stocks with new 52 week highs

Fidson #4.95k

Ucap #4.70k

Transcorp #1.12k

Nascon #16.95k

Livestock feed #1.39k

Wema 0.82k

Regency alliance #0.26k

Presco #72.50k

NNFM #7.00k

M & B #3.60k

Zenith #25.60k

Fcmb #3.50k

Lafarge #21.80k

Uba #9.10k

Gtb #36.00k

Fidelity #2.85k

Mtn #160.00k

BUA #46.50k

APR #6.50k

Dangote sugar #19.45k

Mcy56:
Afriprud ......7.15......almost full bid
Ucap.......5.....
Zenith........26.90......about to touch 27 ....27 now

pluto09:
Dangote sugar doesn't do well when global price of raw sugar is on the increase....

Thank you for this informative answer. Very enlightening!

Ades1:
I just bought more Dangote Sugar today, as long as they keep increasing their dividends, I am going to keep buying

I was going to quote you in my recent post o, my oga. I just woke up this morning to the alert that my 8-day old trade order was filled �, only to see the result. The stagnancy at N18 after a gain series sent some signal, but not strong enough to pause pending trades. Now, the question is: what price is a good metro station to await this train, if it's value is still on point?
May this sugar be sweet

Teeonly:
https://doclib.ngxgroup.com/Financial_NewsDocs/34426_ETERNA_PLC%20_QUARTER_3_%20_FINANCIAL_STATEMENT_FOR_2021_.pdf

https://doclib.ngxgroup.com/Financial_NewsDocs/34425_DANGOTE_CEMENT_PLC%20_QUARTER_3_%20_FINANCIAL_STATEMENT_FO.pdf

https://doclib.ngxgroup.com/Financial_NewsDocs/34433_DANGOTE_SUGAR_REFINERY_PLC%20_QUARTER_3_%20_FINANCIAL_STAT.pdf

https://doclib.ngxgroup.com/Financial_NewsDocs/34435_WEMA_BANK_PLC%20_QUARTER_3_%20_FINANCIAL_STATEMENT_FOR_20.pdf

https://doclib.ngxgroup.com/Financial_NewsDocs/34432_VITAFOAM_NIG_PLC%20_QUARTER_4_FINANCIAL_STATEMENT_FOR_2.pdf

Thank you for sharing.

Please guru's, what is your take on Dangote sugar? It is one of those stocks on my list for rebalancing my portfolio, but I want to be sure that I am buying value, especially at a GOOD ENTRY PRICE. This drop in EPS is much, but I would want to base my decisions on a more holistic analysis.

I would appreciate the opinions based on your analysis. ��

Cc. @yMcy56, Pa Emma @emmanuelewumi, @Currentprice, @Onegentleguy and everyone else.

faoogoke:
I think it will take the next few week for the best support price to be determined. I am still watching. N16+ is good support price for me and it may even go lower.

I was thinking so too - the support cannot be determined from a single pullback event (which might even turn out to be a significant dip as you predicted/guessed anyway).

Good morning everyone. This goes out to everyone who wants to buy (or add more) Dangote sugar at this time. While we await the Q3 financial summary, I am struggling to keep my entry target well below the current N18. The offers and the recent price actions on this company's stocks might be signaling something positive about the Q3 earnings (not a fact, and so can be very wrong). Hopefully the opportunity to enter will present itself soon, either way the expected financial report goes.

Thoughts: It is beautiful to see green all over the land, but caution is beneficial to a portfolio at times such as this. We sometimes save when we buy, and while nobody can time the market, FOMO is a common phenomenon in bull seasons.

sincerelymine:
Thanks for this

I am glad that makes any sense at all.
Happy portfolio expansion!

sincerelymine:
Hello pros, i need advise on UNILEVER and UBA.

I am not a pro, but I can lend my 2 cents. It depends on your goals. I was contemplating on Afriprud and UBA, and their Q3s followed the respective patterns I was speculating. One pattern that I have noticed repeatedly on NSE is that during the peak of release of financial summaries (Q1, H1, Q3, FY), the prices of some stocks rise, indicating that some privileged traders/investors are buying some rumor (a smart approach in stocks trading by the way). When such companies eventually release their results, other traders/buyers are excited and they want to buy. This second category of people buy the news and such stocks usually witness dips (could be minor though) afterwards. A good example is UCAP. When the Q3 was released, it was beautiful, and it's price rose slightly afterwards, indicating that the buyers of news were in action. Today, UCAP is back on offers for as low as N9.05. Please note that this does not mean the stock will never rise again in price, or that it's growth is stunted by the price actions.

Bottomline, if you are a value investor, I would say UBA is great on your portfolio and might always bring you smiles even if you buy around it's current price. If you are excited by the recent news on the other hand, and want to trade, you might consider waiting till attention drifts away from the stock, so you can buy at a few kobo less than current price. I have been shifting my goal post on UBA for months now because I was unable to raise funds. Now that I have gathered something, I still wish I can get it within the range 8-8.25. My goal is good dividend yield and a portfolio full of stocks with sound fundamentals/value.

Please hear the gurus out and follow your goals sir/ma. Neither option is wrong I guess.

Nobody is talking about Afriprud. I had the aim of adding some units when it was dancing around N5.40-N6.20, but no funds at the time. Managed to squeeze out some change for it now, and it shot beyond my target entry price.
Just as UCAP's Q3 earnings surprised my doubts, I want to remain positive on Afriprud's.

This is not based on any projections, but personal mission of portfolio growth (UCAP and Afriprud remain among the top choices for dividends and growth). Good thing is that I have never gone wrong with Afriprud, just like virtually everyone else.

steveneche:
My UCAP stock is up by 67% at the moment. Should Sell or hold?

I sought similar opinions last week, when I intended to sell 20% of my holdings in UCAP. My reasoning was that the 2021FY dividend yield of UCAP might not be as "sweet" as it has been in the previous years. I got only one response, but I'm sharing with you other posts here that I found helpful. As someone has suggested, your view of the company's fundamentals matters. For me, my current age also matters. A mentor recently told me to grab every golden and harmless opportunity to multiply my capital now that I am young (relatively), so that I will be going into the value investments with huge capital later in life. So, if I see 70-100% gain, I think I would want to sell a fraction of my holdings and invest the proceeds in another stock with strong fundamentals. On the other hand, I would like to refer to the 3rd quarter of 2016 when UCAP rose from N1.6 to N3 and then to N4. Many people sold their holdings to pocket the 100% gain (I was in Afriprid at the time). Another wave blew UCAP to N6, and then this current wave. Bottom line, neither of the options in front of you is wrong.

fxuser:
UCAp
- this is the star boy chart ! wow wow wow
- 11 green monthly candles out of last 12 . . . 8 green monthly consecutive candles
- dis a the type of price action u make monney
- looks like a crypto chart , lov it

- i hope people are still tking profits or are u buying here ?? umm den ure doing this thing wrong

pls dont give profits aways
always keep banking
profits is only wen its in ur akant loll

that last push above N6 just soaked in JJC's , issorai

The insightful response I got from a fellow member of this forum...

Ades1:
When did you start investing in UCAP? My strategy has always been if a stock runs up too fast, I am selling! If this 120% profit happened within a year, I would sell some and deploy the returns elsewhere. If you've been a holder for 2+ years I'd say hold on to your shares and look for more capital to deploy in Dangote sugar.

I am currently in the process of going in heavy on dangote sugar myself, I see value in it. Last year, they upped their dividend payment by around 50%! If they can continue with that or even 20% increment for the next 5 years, my Naija retirement don sure be that

Another helpful one (though not in response to my post), which I took one or two lessons from...

maishai:
Someone here bought United capital(ucap) at 0.90k about 8 years ago and has refused to sell through thick and thin

That stock paid .50k last year.....,,, how do you convince this man on real estates, bring the figures and do the maths.........

Ades1:
When did you start investing in UCAP? My strategy has always been if a stock runs up too fast, I am selling! If this 120% profit happened within a year, I would sell some and deploy the returns elsewhere. If you've been a holder for 2+ years I'd say hold on to your shares and look for more capital to deploy in Dangote sugar.

I am currently in the process of going in heavy on dangote sugar myself, I see value in it. Last year, they upped their dividend payment by around 50%! If they can continue with that or even 20% increment for the next 5 years, my Naija retirement don sure be that

Thank you my oga. That is a very nice approach you've got.

I have been holding for about 3-4years now (bought over the time space 1+yrs in the frame mid 2017-late 2018). So, I bought at around N2.90-N4.05.
It is feels good to know that we share at least a goal in common - dividend yield and retirement plan (my own major goal too na Naija retirement plan). This Naira devaluation just makes every capital appreciation to provoke a "panic" that whispers "take this profit now and diversify your portfolio to be able to overcome devaluation and inflation".
And yes, I was thinking so about Dangote sugar too.
I will do the second (save more and buy), then reconsider the UCAP holdings.

God bless you boss for your opinion/suggestion.

Good day everyone. I have been thinking about United capital and what their dividend payout might be for FY2021. I was at some point thinking that I should sell about 20-30% of my UCAP shares (currently on a profit of approximately 120%) for re-investment in another company as a plan to avoid a shocking P/E or dividend yield. I am looking at Dangote sugar (which I once had) , but would appreciate anyone's opinion/suggestion.

So my concerns are:
1. Is it is worth selling my so-far-reliable (dividend-wise) UCAP?
2. Is Dangote sugar still a good value stock, and which of DANGSUG and UCAP promised a nicer dividend yield for the FY2021?

NB: I am a value investor, and would gladly do my DD on any recommended alternatives.
Your inputs will be greatly appreciated.

austinkenneth:
June 11 2004:
NSE All share index: 29,033

15 years after--->

Yesterday, May 7 2019:
NSE All share index: 29,096


Gain for average long-termer: 2.2% over 15 years--->0.15% annually CAGR
Average gain from fixed deposits: 10% annually


Some times we need to dey ask ourselves the question: Wetin We gain?

Food for thought!

Chibuking81:
Did you accommodate dividend payment? How much dividend has Zenith, GTB, UBA, UCAP, ACCESS paid since then in percentage?
Some have returned times two of their initial capital.

This is another insightful angle to viewing things though.

In summary, when going into any investment, one needs to have clear cut out plans, plan B, plan C, alternative investments as buffers/shock absorbers, and ultimately keep re-evaluating their progress.

Educative piece

jezuzboi:
Women who stick to struggling men until the men grow their financial IQs and become financially stable are usually praised and approved by almost everyone.

While that may be a testament to a woman's praiseworthy character, I am of the opinion that such women still fall short, in the sense that they only stick to a man while he grows his financial IQ, without them growing theirs too.

A poorly resourceful but endearing woman may mean the world to a struggling man. But the moment he mounts financial heights, his once endearing but financially uneducated partner may become a liability.

Mounting financial heights is a function of FINANCIAL EDUCATION, and financial education promotes ASSETS but frowns at LIABILITIES. As you know, assets put money in your pocket while liabilities take money out of your pocket.

A poorly resourceful woman may be an asset to a struggling man because she supplies his emotional needs despite his low financial state. But when he grows his IQ and gets rich, he'll most likely require more than emotional satisfaction from her.

If she had failed to grow her financial IQ along with him, she will depend on him to supply her financial/material needs just as she supplied and still supplies his emotional needs. At this point, the woman may become less attractive to the man.

Any woman can supply emotional needs. And when it comes to supplying emotional needs, it's a two-way traffic. But if she had grown her financial IQ along with him, she would easily flow in the same frequency with him, both emotionally and financially.

That way, their attraction to each other endures and their love blossoms. Between a financially educated partner and a financially uneducated partner, there will be arguments and fights over money, and most of the time, if not all the time, the root of the problem can be traced to the partner with low or no financial education.

That is why one partner eventually walks away. Even the Bible says; "Can two work together except they be agreed?" In most cases, the partner who walks away is the one with more financial education, which in the context of the write-up, is the man.

We may call him a monster, an ingrate, or Lucifer, as the case may be. But if you take a quick run through history, you'll find that many financially educated women had to dump their financially uneducated male partners when they could no longer agree on certain money-related matters. It is not a GENDER THING. It is a GROWTH THING.

The 21st century ladies have asserted that sticking to a struggling man is one of the most uncalculated risks to take because the man dumps them for another woman the moment he gets rich. But how many men of substance walk away from women of real WORTH and VALUE?

If you supply emotional needs alone, what happens when other needs arise? It takes more than the emotions of love to keep an affair going. And I am not in any way talking down on women who see beyond a man's pocket. As a matter of fact, I ADORE them.

That is why I am writing this piece: to give them heads up on how to keep the RICH VERSION of their partner glued to them, thereby making the years they spent with his POOR VERSION count. Don't just service his emotions while he grows his financial IQ. Grow yours too. That's one important thing that will earn you his affection and respect in the long run.

Emotion and finance have been the key focus of this piece. But they are not the only areas that require growth to keep you BALANCED. Others include spiritual, mental, academic, etc. Whatever the growth, the bottom line is: GROW ALONG WITH YOUR PARTNER TO AVOID STORIES THAT TOUCH.

Jezuzboi©

Very educative piece. I have a number of stories analogous to this situation, and your points are true for all the cases. I was trying to educate a lady about this recently also

ndidigood:
l wish and pray it gets to that 3 sumtin

Hmm.. sarcasim . This skepticism is everywhere. UCAP no do well at all

tritritri:
Q3 or so.Ucap drop a bad result..it quickly bounce back to 3.03 within few days....i will buy more if it drop below 2.50

Thank you for the fact my oga. Hopefully, it will repeat itself to allow me realize my plan. I still hold the 33% that I bought at 2.57NGN during the recent dip. With the cash, I can join you at around 2NGN for re-entry.

rebekah2011:
The challenge with UCAP is that even if they make huge profit. They won't be able to pay much out as dividend because of the excess tax on dividend they will have to pay because most of their income are tax exempt.. I don't think that the subsidiaries, United Securities and Asset management and United Trustees are contributing much as they should. I don't want to believe that some is short changing us the shareholders. I will watch the next quarter to see how it will all go. Ready to buy more at less than N2

This is serious and not fair on shareholders. You have drawn my attention to important aspects of this company's rewarding factors, and I will join you in awaiting what Q2 has to offer. With regards price, I am HOPEFUL that some MAGICAL sentiments drive it up to around 3NGN in a near time, so I can sell my usual 33% for possible re-entry at those low prices. Thank you for the enlightenment sir.

rebekah2011:
I agree 100% completely. If it drops to N2 or below. It will be a good addition.

I remember your mini-analysis when you said UBA at 6.45NGN appears more rewarding than UCAP at 2.6NGN or thereabouts. I can now understand better. This result is not encouraging. I speculated diminishing returns for UCAP though. Even though they are being compared to Afriprud as rewarding ventures, UCAP seems to have a long way to go in terms of innovations. This is just my observation about their services which I think may affect revenue. Attractive products are not all that an investment bank (or assets management firm) needs. The competition is getting tougher.

Valueinvestor:
You are absolutely right sir. That's why diversification is key, in a market like ours. Concentration strategy only fits well in a sane/well developed market. That's why am never an advocate of holding only 2-3 stocks in a market like ours. A well diversified portfolio of 10 - 15 good stocks picked at bargain prices usually does the trick for me. Who knows, while others make an above average gain, 2 or 3 may end up being a multi bagger.

Yes, my oga. Diversification is much needed in this kind of market as you said. Though, I'm still at the stage of imagining how stressful it would be, managing a portfolio of 10 stocks. I really hope to join your club before the end of this year sir. One also needs to be quite large before diversifying; the effect of those 2-3 money-doubling stocks can be felt better.

ndidigood:
ucap made me money that year,bot at avg of 1.2 and sold 3somtin

I remember that period UCAP was a money doubler. And I think it happened concurrently with the reign of the popular ponzi scheme then. I was just observing my mentors enjoying the money rituals provided by UCAP that year. Many stocks have the potential of making one rich; but identifying such opportunities is not easy.

Between speculation and analysis

Mcy56:
Oh! You're right that they paid 25k, and I mentioned its 10k here no one corrected me, does it mean people dont read comments here?
10k should be for which year then cos that's what is registered in my head. Can you please confirm this for me.
Well, there's positive sentiment towards FBN, so some things might not really matter to investors after all. My opinion.

I think that was 2014 FY, when they gave 1:10 bonus. When I did the maths that year, the total worth of the 10k dividend and the bonus shares was about N1.10k. I had always thought FBNH would be consistent with their 1NGN+ for more years. I used to be a FBNH faithful, and I learnt one other rule: "do not be emotional with any stocks". This used to constitute about 70% of my little portfolio. Emotional investing suffered me