₦airaland Forum

https://oilprice.com
if by tomorrow the price of crude oil remain negative, that will be serious red flag, but if it closes 57 and above, that mean there is still hope.

Mcy56:
FIDELITY: Unaudited
http://www.nse.com.ng/Financial_NewsDocs/28921_FIDELITY_BANK_PLC_FINANCIAL_STATEMENTS_JANUARY_2020.pdf

Story is too much self......think there's improvement in the result.

There will be improvement only when the pay at least 30% of their earning as dividend, not 10%.

Because paying 10% is a sign that earning improvement is only on paper ( manipulation) not in reality.

How will you earn #1 and pay 10 or 15 kobo even 20 kobo? It's fraudulent act. Zenith make at times #6, and pay close to #3. That's 50 %. Upon that they will still improve in their earning come next final year.

Fidelity and FCMB should change, always visiting #1.50 every year is as a sign that the earning they always reports is questionable. They should pay us a good dividend.

emmanuelewumi:
You didn't include BUA Cement,

It's among

Most new companies that registered in NSE are own by crook, they come with intention of making money from the public through listing outrageous number of outstanding share, like mtn that duplicated 1 share to get about 70 share,.

Some company that have fraudulent motive will expecting the public to jump it. Some time most company will start from day 1 starving their investors annual dividend in the name of expansion, follow with report of bad debt at massive lose in earning.

mendes911:
madam,

If Access at 9.50 was a bonanza, what can we say about Access at 9.15 and the more to come? Triple bonanza?

#Bike. #Heels.

Seen UBA @#7 will be more bonanza call for me, than Access @#8

rebekah2011:
what of the oldies that are still paying school fees? who will console them? make everyone just carry his/her kaya jejely.

I doubt it , except those that fail to answer bonanza call. Those who answer the call will at this point only lose some percentage of their earning. Like Fidelity/FCMB @ #1.40, Zenith at #16, GTB at #26 and many more. The like of Zenith and GTB will still rise above #24 and #35 soon. One can bail out if you see a good stock that loose more, and you feel that you can make more gain from it, one can come down from his vehicle and enter that one.

Most stock making more gain before releasing of their result always release bear bomb, while those their stock witnessing small drop in price, or slow movement before releasing of their result always release bull bomb.

Stock like UACN in the first category
Stocks like Zenith, GTB, UBA in the second category

mendes911:
Make una leave transcorp for me oooo.

I expect Tony to soon release an update that will excite and push the stock back to N1 and above. Let him wait small so that I can board at 75k.

Stock you will soon get at 50 kobo, EPs of 5.93 kobo 2019 against that of 22.91 kobo.

millennium2012:
This is highly commendable from COURTVILLE. PAT +101%.
EPS 17.75 from 8.83

How much dividend will they pay. Time is almost around when dividend payment will be true determinant of company EPs. Not always on pipeline, pipeline need to break to let the dividend out.

Some are found of moving up, and reversing back, moving up with the improvement on EPs news and moving backward with news of bad debt.

https://oilprice.com
Brent crude currently at 58.20

thebargainhunte:
Brent sighted @ km 58+
China might get the cure sooner than expected and they wouldn't announce it to the general public.

Most of such virus has short lifespan. The virus will soon disappear naturally within a short time

mendes911:
http://www.nse.com.ng/Financial_NewsDocs/28921_FIDELITY_BANK_PLC_FINANCIAL_STATEMENTS_JANUARY_2020.pdf

Wonderful result. Like a thief in the night.

Over to Mr. Market.

Let's watch and see how their this year dividend will look like. If they keep on been stingy, people will not come near them again, look at Afriprudent always at #4+ because they pay above 50% of their earning as dividend, also UCAP. But fidelity find it difficult to pay 15%.

APR pay above 50% of their earning, then tell me why one will not be happy to buy APR above #4. But those who retain larger percentage of 85%/90% of their earning and pay only 10%, will one day record a huge loss as a result of bad debt, and will write it off. Then all the accumulated earning will be reduced and they will start building up again.
I prefer seen and benefiting from my earning than watching it write off in the name of bad debt.

If Fidelity appreciate more due to this their result, I will likely sell all my holding in Fidelity and Chanel it to Zenith, UBA and GTB bank for better dividend payment. Then I will enter Fidelity back later in the year for capital appreciation when their price will return back to below #2. Fidelity do well in capital appreciation, but very poor in payment of dividend.

There will be serious bloodshed tomorrow in the market for most of unperformed stocks. All door will be shutdown, no escape route, should in case you are trapped in any of them, use the early market open opportunity to escape.

From unconfirmed report, has it that our Governor agreed to pay that of December. Probably December arrear will come, but I don't know about other months.

bigjay01:
http://www.nse.com.ng/Financial_NewsDocs/28797_U_A_C_N__OF_NIGERIA_PLC._FINANCIAL_STATEMENTS_JANUARY_2020.pdf
http://www.nse.com.ng/Financial_NewsDocs/28798_U_A_C_N__OF_NIGERIA_PLC._FINANCIAL_STATEMENTS_JANUARY_2020.pdf

These results get as dem be ooo.
I am not schooled in accounting so ayam not understanding.
let me come and be going shaa

Where are the unbundle gang that are eyeing part of share from UPDC REIT

thebargainhunte:
Stanbic ibtc result is good...expect more of this kind result from banking stock.

Stanbic bank recorded
1. #5.13 kobo EPs in their q3 2019, against #5.73 EPs in their q3 2018
2. #6.92 kobo EPs in their final, 2019, against #7.04 EPS in their final 2018

They experience 12 kobo drop in their earning, below performance.

Most at times you will know the company that will perform better than their previous year result through comparing their recent q3 result with that of last year.

Brent crude has bounce back, currently on 59.56 dollar. https://oilprice.com , it is a good news to stock market, especially this time because earning season do not need distraction.

tonero263:
The pensions law is a federal law domesticated by States, it is not by choice...those who deliberately refused filling the form will definitely account for it when the time comes,no matter how loosed the law is at States level,it still has federal backing,at the point where you exit the service,you will confirm how WISE or F..L.. your decisions on this matter. Please be guided accordingly.

Please I want to join those who deliberately refused to fill the form. If you have connection where I can get my own cancel, link me up.

The question still remain, does government remit their own portion of contribution?, the answer is no, the house of assembly should make law to cancel it.
Federal government has borrow above 70% from the pension.
https://punchng.com/fg-borrows-n6-16tn-from-n8-499tn-pension-fund/
https://nairametrics.com/2020/01/24/fg-concludes-plan-to-borrow-n2-trillion-from-pension-fund/

When the state borrow their own, pensioners will feel it.

bigjay01:
http://www.nse.com.ng/Financial_NewsDocs/28669_ZENITH_BANK_PLC_CORPORATE_ACTIONS_JANUARY_2020.pdf

Whenever you see the likes of Zenith bank and GTB bank losing in price, know that good news is around the corner, the always lower during this season period to carry passengers that they will bless in their km 30% to 40%.

This current bear is really creating an opportunities for people to enter, 20% to 40% return in Zenith and GTB at their current price is sure on or before next 60 days, which their returns % are higher than treasure bill and bond return.

This is from Chibuking.

Any news about the payment of our minimum wage arrears? And its over #100,000

otubobo:
am on grade level 8 step 3 earning 65127k now those on step 4 earning 67k plus. with the minimum wage you said that step 3 74k and step 4 79k. Why the 5k difference from the former which is just 2k something.

1. someone in 8/3 who is under contributing pension received Net of 74,901, meaning there is fraction of #901 which if approximate will be #75,000, and his gross should be about 85,000+
2. level 8/4 should be 76,900+, Approximately 77,000.
3. Those without contributing pension at 8/3 got #79,000+ ( the fraction on top when approximate will determine whether they will move to 80,000 or remain at 79,000 ) if moves up to 80,000 that is #5,000 difference, if remain at 79,000, that's difference of #4,000+.
4. 8/4 will have net of 81,000+ without contributing pension, while those under contributing pension will get around 76,900+

I really want to unsubscribe from this our contributory pension. From look of things it's not compulsory since they are deducting only from those who fill their form, while those who didn't fill, are still receiving their normal salary.

I will willingly continue contributing, if one can have access to his contributions when ever he chooses. Please whom ever that know how one can unsubscribe should help me with information on how to go about it.

If crude oil remain above 57 dollar budget benchmark no problem, but when it goes below, please be fearful when others are fearful. But today bleeding is bear that will soon welcome bull. And in this condition, be greedy when others are fearful.

Meaning this principle govern the market now "be fearful when others are greedy and to be greedy only when others are fearful". Bull will still dominate the market till April, but bear will always show face to create wealth building opportunities for JiJo group.

Market seriously bleeding.

ecmb:
salary drops from next week Tuesday without the implementation of the newly approved minimum wage....
don't ask me my source

Chibuking81:
As far as our governor concern, there is no source in this his government. Because he does what he chooses, and for approving it to start from this January, and it was also accommodated in the 2020 Rivers state budget, I strongly believed that since nobody has received up till this moment, that come next week, he will pay minimum wage. Quote me our salary will come with minimum wage. If you don't wish your own to come, please send it to me if he pays the minimum wage this month.

@ ecmb, I will be waiting for the sending of your minimum wage portion to me

millennium2012:
Nice one from JB:

http://www.nse.com.ng/Financial_NewsDocs/28649_JULIUS_BERGER_NIG._PLC._FINANCIAL_STATEMENTS_JANUARY_2020.pdf

How much dividend did JB declared this year?

Tekzyflex:
Day 1.... Almost gone. Don't put all your hope on this job.

Where one work, there shall he eat,our hope is always in God who provide for us through this job and if we don't have up to 70% hope in this job nobody will be visiting this page. As far as we have not resign, this job still remain our main stream.

Those who has gotten other job and resign don't have any business with this page. A wife been deceived by another woman or man, will no the value of her former husband, she will discover that husband is scarce, she will know that harmattan do come with cold.

What I want to tell us is that, as far as nobody has received salary up till now, let us expect our minimum wage increase in our salary any moment this week because it is coming with this month salary, there is no longer doubt about it. It is 99% certain.

https://oilprice.com
Brent crude at 58.51 dollar per a barrel call for concern.

But in CBN governor word, he maintain that, "Our reserve level will meet all our obligations"

But when the price go below 50, in my own view, that will be serious red frag, because I believe that the reserve can't carry it anymore by then. I pray that the crude oil price should move back to 70 dollar soon.

https://www.herald.co.zw/naira-devaluation/

Naira devaluation

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) on Friday foreclosed the possibility of devaluing the naira, saying it has sufficient foreign reserves to meet all its obligations without recourse to hurting Nigeria’s currency.

CBN Governor, Godwin Emefiele who made the disclosure at the 271st MPC meeting and first one in 2020, held in Abuja, said the decision was taken by all 11 members of the MPC who were in attendance.

Emefiele was reacting to speculations by economic experts who opined that the apex bank may likely devalue the naira amidst a sharp reduction in foreign reserves from about $47 billion to $38 billion in few months in 2019.

Emefiele said: “We should realise that reserves are there to meet obligations. At times it’ll go up and at times, it’ll reduce.
But with reserve of about $38 billion today and crude prices hitting up to $70 a barrel, we can sustain the economy without devaluing the naira.

So, adjustments won’t happen. Our reserve level will meet all our obligations. Anyone expecting us expecting us to adjust the naira should know that it won’t happen”, he said.

The CBN Governor also warned the fiscal authorities against further heavy borrowing, saying that the nation’s debt status has become a cause for concern.

According to Emefiele, the narrative that Nigeria’s debt to GDP ratio was about the lowest in the world should not spur the fiscal authorities to hurt the economy with huge debts. – CBN.

Beke2020:
Goodevening boss,

Thanks for this, I have been waiting for it. But I still need a few clarification here.

For the illustrations, if I buy Zenith Bank at N30 a day before mark down and I sell the next day at N28 when price have been marked down to N27 before it rise to N28. Will I still qualify or earn the dividend declared.

Thank you sir

Yes you qualified for dividend that is exactly how it suppose to be, But I don't know whether Nigeria and their registrar adhere to it.