Chibuking81's Posts

Nairaland Forum › Chibuking81's Profile › Chibuking81's Posts

1 2 3 4 5 6 7 8 ... 17 18 19 20 21 22 23 24 25 (of 140 pages)

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 9:18pm On Jan 26, 2020

edwardaigb:
Thanks all. Pls is Vitafoam a good buy at 5?. Thanks again.

1. As of 31st October, 2019 their price was #3.50,
2. As of 23rd December, 2019 their price was #3.90.
3. Then on December 30th they released a wonderful result of above 300% improvement, #1.82 EPs in 2019, against 57 kobo EPs in 2018, with their current price of #5.
4.They declared dividend of 42 kobo ( 23% of their EPs) with closing of register which is come up on 7th February,
5. They also declared impressive q1 of 62 kobo against the previous q1 of 33 kobo.
6. All things been equal, their coming final by September 2020 will likely reach #2.48.
7. Between 31st December with price of #3.50 and 24th January with price of #5, they have returned capital appreciation gain of 42.8%
8. From my view, between now and 7th February, they have probability of returning up to 10/20% in capital appreciation, before their mark down.

2 Likes

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 4:47pm On Jan 26, 2020

seyisanya:
When is the usual markdown period?

Every result released have their closing period stated in their result. The companies mark down follow immediately their close period end.

The dividend declared will be minus, and the company will start coming up in price or going down from their new price.

Example, if Zenith last price at the end of their closing period is #30 and they declared #3 as dividend. They will mark down to #27 in the next market day, which will be their new open price.

Jobs/Vacancies › Re: Rivers State Teachers Recruitment 2012 by Chibuking81(m): 4:19pm On Jan 26, 2020*

barika2011:
My broda you have said it all...I have a sister dat has d teaching job,and has travelled out of the country,
for years now,and married also..and she still receives her pay..once you ve gotten dis job(rivers state civil service) you have it until retirement ,whether their is TRCN threat,or nominal roll inclusion, supervisor threat all na surface gragra...anybody dat loses dis job is one dat has a big mouth and spews everything and anything without thinking..

That is not good, even to mention here, she should quietly resign. Or better still not bringing it here, this is public forum.
Is truth that the pay is not as expected, there are many still discharging their duty while waiting for bigger one. This information might be generalize to be the character of many, while it's for few.

Any day I engaged fully in another job or business, and I leave vacuum in the area am covering , seriously I will happily resign.

Please we should be mindful of information we deliver here. Is true that we have freedom of expression, and also entitle to our opinion. Is also true we use nickname to operate in this forum, but truth still remain that you can easily be track, either through your email, location, and the past information related to you, you have mentioned in this forum before or any other page of nairaland, everything is link together.

3 Likes

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 3:57pm On Jan 26, 2020

eziokwunwoko:
Please Nahco and NPF microfinance: Advice But recommendations. Should I buy.
Mr fuxer : TA explaination

There is a new development on NPF microfinance, base on new finding about their September proposal of right offer, it's not good for now.

Chibuking81:
Nice information, more research is needed in that regard.
I got this from my findings;
https://www.proshareng.com/news/Public%20&%20Private%20Offers%20%20%20/NPF-Microfinance-Bank-Submits-An-Application-To-NSE-For-Approval-And-Listing-Of-A-Rights-Issue/47005
NPF Microfinance Bank Submits An Application To NSE For Approval And Listing Of A Rights Issue

Thursday, September 12, 2019 / 12:57PM / by NSE
NPF Microfinance Bank Plc (the Bank) has through its Stockbroker, Regency Asset Management Limited, submitted an application to The Nigerian Stock Exchange for the approval and listing of a Rights Issue of Two Billion, Two Hundred and Eighty Six Million, Six Hundred and Fifty Seven Thousand, Seven Hundred and Sixty Six (2,286,657,766) ordinary shares of Fifty Kobo (N0.50) each at One Naira, Fifty Kobo (N1.50) per share, on the basis of one (1) new ordinary share for every one (1) ordinary share held.
The Qualification Date for the Rights Issue is today Thursday, 12 September 2019.

This is purely a red flag, imagine 1 for 1, after the offer their new outstanding share will be ( 2286637766 x 2 = 4573275532 ) meaning that their EPs will be reduce by half, this is robbery. I hate companies with right issues, this is a direct way of diluting the investors share, and make it worthless.

Bonus share is far better than right offer. For some years now apart from likes of cutix, most companies has not given bonus, but instead rob their ordinary shareholders in the name of right offer, thereby making their share value valueless, because not all of them will buy the offer, even if the buy, the buy with additional money.

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 3:07pm On Jan 26, 2020*

Uchetoba:
Let us not forget that NPFMCRFBK did or is doing right issue. The Rights suppose to rank pari passu with the existing shares. That means the present eps will be diluted when they release their audited result.

Nice information, more research is needed in that regard.
I got this from my findings;
https://www.proshareng.com/news/Public%20&%20Private%20Offers%20%20%20/NPF-Microfinance-Bank-Submits-An-Application-To-NSE-For-Approval-And-Listing-Of-A-Rights-Issue/47005
NPF Microfinance Bank Submits An Application To NSE For Approval And Listing Of A Rights Issue

Thursday, September 12, 2019 / 12:57PM / by NSE
NPF Microfinance Bank Plc (the Bank) has through its Stockbroker, Regency Asset Management Limited, submitted an application to The Nigerian Stock Exchange for the approval and listing of a Rights Issue of Two Billion, Two Hundred and Eighty Six Million, Six Hundred and Fifty Seven Thousand, Seven Hundred and Sixty Six (2,286,657,766) ordinary shares of Fifty Kobo (N0.50) each at One Naira, Fifty Kobo (N1.50) per share, on the basis of one (1) new ordinary share for every one (1) ordinary share held.
The Qualification Date for the Rights Issue is today Thursday, 12 September 2019.

This is purely a red flag, imagine 1 for 1, after the offer their new outstanding share will be ( 2286637766 x 2 = 4573275532 ) meaning that their EPs will be reduce by half, this is robbery. I hate companies with right issues, this is a direct way of diluting the investors share, and make it worthless.

Bonus share is far better than right offer. For some years now apart from likes of cutix, most companies has not given bonus, but instead rob their ordinary shareholders in the name of right offer, thereby making their share value valueless, because not all of them will buy the offer, even if the buy, the buy with additional money.

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 2:42pm On Jan 26, 2020*

pluto09:
And if they add more 30/50 % , I expect some selected stocks in other sectors to do more. ..

The Fidelity and FCMB respond more in bull season more than the tier 1 banks. For instance if Zenith bank at it current price of #21.95 and UBA of #8.55 move to #33 and #12.80 respectively, which is 50% upward, at that point you will see Fidelity which its current price is #2.20 and FCMB of #1.96, move to #3.74 and #3.33 respectively which is 70% upward.

1. Zenith 52 weeks low was about #16 with current price of #21.95, about 40%+ increase so far
2.UBA 52 Weeks low was about 5.5 with current price of 8.55, about 60%+ increase so far.
3. Fidelity 52 weeks low was about #1.40 with current price of #2.20, about 60%+ increase so far.
4. FCMB 52 weeks low was about #1.4 with current price of #1.96, about 40% increase

When it comes for upward movement, Fidelity and FCMB bank Market Markers (MM) are more good in it. UBA try this year.

Zenith and UBA are better when you come to % given as dividend, while Fidelity and FCMB bank are better in terms of Capital appreciation.

9 Likes

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 1:14pm On Jan 26, 2020

pluto09:
Most banks have returned more than 50% from their 52 week low.
I am selling down my stocks in the sector to manage my risk and preserve my gains.

And will likely add more 30/50% before April ending.

But there is no harm in risk management.

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 12:59pm On Jan 26, 2020

pluto09:
What are the reasons they are recommending a sell?
Is it based on TA or FA?

And besides, you must be able to do your analysis yourself if you want to excel in this bussines.
Know what you are looking for and define your objectives.

I am buying NAHCO for different reasons which might not meet investment criteria for another person.
I was looking for a stock in a different sector that has a possibility of giving me about 20% returns in this earning season irrespective of general market direction with emphasis also on capital preservation.....And NAHCO comes in good........

For somebody looking for 100% returns, NAHCO will definitely not be the right one....

Stock like Fidelity and FCMB do give 100% capital appreciation, most at time if entered at their 52 weeks low. And give dividend of 10/15% of their earning.

While there are companies that give 50% of their earning, but don't give up to 70% capital appreciation, because their stock price is always within their fair price based on their earning and dividend.

Ordinarily Fidelity and FCMB bank should be at same #4+ price with Afriprudent and above Ucap, based on their earning, but they are always under price because of the dividend they pay. That's why they always move down and up. But anytime they will shift their dividend go 40%. They will move up to their fair price.

2 Likes

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 12:56pm On Jan 26, 2020

Dreamflyin:
Please am in Anambra, which Stockbroking house is best suited for online trading?
I use Fidelity securities (FSL) and they really lags behind.

For now Morgan and CSL .

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 11:44am On Jan 26, 2020

billtommy:
If nahco stock is a good buy, I would like to know why investing.com is recommending a sell. someone should be enlighten me

Most investment house recommendations get it rights when recommending for big cap, but always wrong on small cap, because small cap have direction of their own. For instance years back when I was expecting the investment house to recommend Dangote flour, Eterna ,Cham plc e.t.c, as they return to profit, I never see such, rather it was us here that recommended and it materialise .

When you have the tools at hand, you don't have to wait for their findings and recommendations, you can use the tools to find, analyze and recommend too. As for Nahco and NPF, their bullish time will come later. At this time people patronize the stocks that do released their result on time, like those that have the history of releasing result on January, February and March, who also close their register between March and April.

It's so because, once they chop their dividend, as company closes their register, or pay themselves by themselves by selling 1 or 2 days before the mark down, them they will channel their loot to the good companies that are yet to release their result, whom their result always surface on April and May.

Jijo work better this earning season, if you know how to play it.

4 Likes

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 8:11pm On Jan 25, 2020*

eziokwunwoko:
Please Nahco and NPF microfinance: Advice But recommendations. Should I buy.
Mr fuxer : TA explaination

Both are OK.
Nahco released result toward April, while NPF release toward May
Current price of both
1. NAHCO 2.45
2. NPF 1.13

Q3 EPS
1. NAHCO 48 Kobo, 2019 against 37 kobo, 2018
2. NPF 32 Kobo, 2019 against 21 Kobo, 2018

Dividend history
2017
1. NAHCO 22 Kobo
2. NPF 15 Kobo

2018
1. 25 Kobo
2.17 Kobo

2019
1. NAHCO 25 Kobo
2. NPF 05 Kobo

NPF is cheaper considering their current price, EPS, and dividend history, it was only last year that the pay lower in their dividend comparing with other 2 years. They have impressive q3, and will likely pay up to 15 kobo dividend this year.

Their price is down, because investors are looking for companies that will pay Early dividend, stocks, like UCAP, AFRIPRUDENT, UBA, Zenith bank, E.T.C.
Then toward April, the likes of NPF , Conoil, FO will get attention.

But if you don't want to struggle at the entrance gate toward April, you can enter now and have a nice seat, while waiting for that period. Then you can handover then to the ticket rushers.

2 Likes

Jobs/Vacancies › Re: Rivers State Teachers Recruitment 2012 by Chibuking81(m): 6:33pm On Jan 25, 2020*

I have gone through some of the previous post, I didn't see any that sound like Mr governor praise Singer. But I see a lot of people whom are positive to receive their minimum wage this month, while some believes to see theirs next month.

Without having additional income, nobody will have a meaningful saves in this work, some acquired additional certificate like PGDE, MSc, PhD, to move ahead ahead, not to remain in this job. As far as am concern, in this our generation, I see this job as a stepping stone to a greater height.

Many has transcend beyond this job, and many more will join suit.

1 Like

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 1:22pm On Jan 25, 2020

rahjan:
Hello bsitl, pls investing.com is still carrying prices of 22nd. Which other site can I get free charts for our market?

https://1drv.ms/w/s!AmtEOL3v0-1wgVb5-3O1adIK4eBL
Click the link to view 24th market price

Jobs/Vacancies › Re: Rivers State Teachers Recruitment 2012 by Chibuking81(m): 1:00pm On Jan 25, 2020*

TheWatchDog:
Let's watch out, Gov. Wike would want to bring it down to 10k. I pray Labour do not agree with him on the aspect of the non payment of the 8 months arrears.

gold360:
you're wrong, the government has already commited itself and wont go back on its own words.
Please let us try and stay positive.

Misunderstanding might be from the bolded, despite the fact,
Both of you are saying the same thing. One love.
Let #12,000 or more be the answer. That mean our salaries are moving to the next level. Come next week we shall all smile, while staying positive for promotion between 2020 and 2022 before the next general election, our long awaiting promotion will come.

Jobs/Vacancies › Re: Rivers State Teachers Recruitment 2012 by Chibuking81(m): 8:41am On Jan 25, 2020

rOsy247:
I heard it's 10k that will be added. I don't know if it's true.

Not far from the truth, it's within the region of #10,000.

1 Like

Jobs/Vacancies › Re: Rivers State Teachers Recruitment 2012 by Chibuking81(m): 5:09pm On Jan 24, 2020

https://t.guardian.ng/news/zulum-pays-n30000-minimum-wage-to-civil-servants-in-borno/

National
Zulum pays N30,000 minimum wage to civil servants in Borno
By NAN
24 January 2020 | 1:17 pm

The Borno government on Friday began the payment N30,000 minimum wage to civil servants in the state.Mr Bulama Abiso, the Chairman of the Nigerian Labour Congress (NLC), disclosed this in an interview with News Agency of Nigeria (NAN), in Maiduguri.

Abiso said that the organised labour in the state appreciated the governor, Babagana Zulum, for keeping to his pledge that “workers welfare is his priority’’.

“The minimum wage and its consequential adjustments were implemented to all grade level and consolidated salary structure across the state civil servants.“Labour appeals to his Excellency to direct the immediate implementation of the minimum wage at the local government and the local education authorities.

“We urge all civil servants to reciprocate the gesture by re-dedicating themselves to duty and assure them that all shortfalls due to implementation will be squarely looked into,” he said.
Mr Ali Goni, a civil servant who spoke to NAN in an interview, expressed joy after he received his new and enhanced salary.
Goni lauded the organised labour and the government for making the welfare of workers a top priority and urged them to do more in the area of pension and gratuity.

Jobs/Vacancies › Re: Rivers State Teachers Recruitment 2012 by Chibuking81(m): 5:08pm On Jan 24, 2020

Jobs/Vacancies › Re: Rivers State Teachers Recruitment 2012 by Chibuking81(m): 4:56pm On Jan 24, 2020

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

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.

Jobs/Vacancies › Re: Rivers State Teachers Recruitment 2012 by Chibuking81(m): 4:43pm On Jan 24, 2020*

https://thenationonlineng.net/jubilation-as-edo-workers-receive-new-minimum-wage/
Jubilation in Edo as workers receive new minimum wage
January 24, 2020 in City Beats, News

minimum wage update in nigeria today
FacebookTwitterPinterestLinkedInWhatsAppEmail

Workers in Edo State have been paid the new minimum wage, as civil servants and other members of the state’s workforce were in a frenzy mood when they received their pay on Friday, January 24, 2020.

The governor had in his New Year message, assured civil servants that the state government will commence payment of the new minimum wage in January.

A cross-section of the workers, who spoke with journalists in Benin City, the Edo State capital, said they were impressed with the governor’s unflinching commitment to workers’ welfare.

A staff with the Ministry of Agriculture and Natural Resources, Mr. Anderson Asenoguan, said he got a credit alert in the afternoon on Friday and observed the increment in his salary, which confirmed the payment of the new minimum wage to workers in the state.

According to him, “We, indeed, have a man of integrity as a governor in Edo State. The governor promised he was going to pay the new minimum wage in January and today, he is one of the few governors in Nigeria to have started payment.

“It has been jubilation galore in my office since we got the credit alert and saw the increment. This is truly the dawn of a new era for workers in Edo State.”

A driver attached to the Government House, Benin City, Mr. Aiyowiere Obey, said the new wage is most commendable, noting that the governor has always been a man of his words.

“I appreciate the governor for being prompt in the payment of the new minimum wage. Workers in Edo State are full of praises for him as this is the first time, we are benefiting from such an increment without having a clash with government.”

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 4:25pm On Jan 24, 2020

you-win-some-you-lose-some

Jobs/Vacancies › Re: Rivers State Teachers Recruitment 2012 by Chibuking81(m): 3:12pm On Jan 24, 2020*

NonnieMarthins:
chibuking, I think our government is waiting for you to complete their number of working days.
Today is already Friday, they must have traveled without giving a yes to payment.
Monday may also be outta it cos they will resuming for the week.
So bros patience issa virtue, receive it noooooooow

On the bolded, I don't think so. Check the fact. Use last 3 months to crosscheck when you received your alert. It's always 7/8 days from FAAC meeting. I have last 3 months record as follow;
1. On October, 2019 we are paid on 25th October, ( some first received on 24th) and FAAC shared money on 17th ( 7/8 days interval) https://t.guardian.ng/news/faac-fg-states-lgas-share-n693-529bn-for-september/

2. On November, 2019 we are paid on 28th November, ( some first received on 27th) and FAAC shared money on 20th ( 7/8 days interval) https://dailypost.ng/2019/11/21/faac-fg-states-lgs-share-n702-058bn-see-breakdown/

3. On December, 2019 we are paid on 24th December, ( some first received on 23th) and FACC shared money on 18th (7/8 days interval).
https://thenationonlineng.net/faac-shares-n635-826bn-for-november-2019/

4. On January, 2019, we are yet to receive and today is 24th, and FAAC shared money on 16th. ( complete 8 days interval and no payment yet)
https://tribuneonlineng.com/faac-shares-n716-298bn-for-december-2019-to-fg-states-lgs/

The Period we received in the following month was when FAAC shared money around 28th/29th. Our payment is built on FAAC sharing, not on when we complete the number of working days.

Am suspecting and believed that minimum wage will come this month. Anyway we are just speculating, patience is the key, and next week will give the answer.

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 10:35am On Jan 24, 2020

TLAX:
There is no systematic problem with Champion breweries as a company. The brewery industry is going through a particularly tough time now and as such one needs to be cautious when investing in brewery stocks. The challenges facing the industry may not abate anytime soon and it is the effect you are seeing in Champion brewery. Most brewery stocks (Nigerian Brewery, Guinness, International Breweries) have witnessed steep drop in prices, ditto Champion breweries.

The only issue with its stock is that it does not meet the free float requirement as ownership (Raysun/NB - 60%+, AMCON - 12%+ and AKSG - 17%+) is concentrated with only 10% in the hands of retail investors.

Their current earning put them in the categories of 40 kobo stock.

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 10:32am On Jan 24, 2020

DeRuggedProf:
Oh Unilever, how are the mighty fallen.
How the strength of youth is dew,
Thy friends watch thee like a leper,
Thy days of glory knocked across the border,
The thousands you fed now curse thee.
Tarry no longer, humble thyself,
Drop thy high heels, remove thy make-up,
Visit UACN and thy glory might be restored.
The market appreciates the humble.
Thy time of affliction has come....

Unilever has turn DeRuggedProf to a poet.
Nice poem. grin

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 10:21am On Jan 24, 2020

Mcy56:
Mopping ongoing in Dangcem.......... 179.90 now
**Not an update for anyone to rush in, buy at your discretion if you want to......... and as you're led.....try and get at bargain price if possible..

Updating...........

People should wait, let's enter finish before taking off.

1 Like

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 9:40am On Jan 24, 2020*

rebekah2011:
http://www.nse.com.ng/Financial_NewsDocs/28632_UNILEVER_NIGERIA_PLC._FINANCIAL_STATEMENTS_JANUARY_2020.pdf
This is serious

UNILEVER last closing price was #19.45, they have a very poor result.
2019 negative eps of 83 kobo against, 2018 earning per a share of 37 kobo. They are going going, remaining gone.

Jobs/Vacancies › Re: Rivers State Teachers Recruitment 2012 by Chibuking81(m): 9:33am On Jan 24, 2020

Abuchi17:
God oh, when are we going to receive salary for Christ sake, this is January nah. God

FAAC shared money on 15th January, and our governor usually pay 7 days after FAAC, which suppose to be on 22nd January been 2 days ago. If nobody receives his or her salary today. Then I will strongly be convince that delay will be for inclusion of the consequential adjustment of new minimum wage.

Meaning that our salaries will be pay by next week with new salary structure.

1 Like

Jobs/Vacancies › Re: Rivers State Teachers Recruitment 2012 by Chibuking81(m): 9:13am On Jan 24, 2020

It's a voluntary health insurance scheme for those in public and private sectors. Governor is yet to assent to it. It's not compulsory, we should be vigilant in filling any form from the ministry or board. To avoid filling voluntary form in the name of compulsory form, to prevent another unnecessary deduction like contributing pension we filled, which they have started deducting for years now without government remitting their own part of contribution, and there is no any hope of individual accessing his or her own if he or she want.

Some of our colleague didn't filled contributing pension form, till today no deduction is made in their salary, they are still receiving their full normal net salary, this show that contributing pension is also voluntary, and if I can see any way to stop my own, I will willingly do it.

4 Likes

Jobs/Vacancies › Re: Rivers State Teachers Recruitment 2012 by Chibuking81(m): 8:58am On Jan 24, 2020

onlyhandsome202:
Finally, the Rivers State contributory health insurance bill has been passed into law yesterday by RSHA. Another compulsory deduction again from our salary. God help us from this unfriendly government of the day.

http://www.thetidenewsonline.com/2020/01/24/rsha-passes-public-finance-accounts-health-insurance-bills/

NEWSRSHA Passes Public Finance, Accounts, Health Insurance BillsPublished 3 hours ago on January 24, 2020 By Kevin Nengia

Three prominent bills, which public hearings were conducted, last year, have been passed into law by the Rivers State House of Assembly.
With the passage of the bills, yesterday, the proposed Rivers State Future Assured Fund will soon come on stream.
Also, the Rivers State Contributory Health Insurance Bill will pave way for a voluntary health insurance scheme for those in public and private sectors.
The Public Accounts Bill is aimed at repealing the old audit system with a more efficient and modern audit method that’s transparent and accountable.
After being given a third reading, they are billed to be sent to the state Governor, Chief Nyesom Wike, for assent, soon.
The legislators had on resuming plenary, last Tuesday, commenced debate on the three bills.
Leading the debate, Majority Leader of the House, Hon. Martin Amaewhule stated that the Public Finance Management and Control Bill 2019 was in line with Section 1(f) of the 1999 Constitution as amended.
Part of the argument was hinged on saving for the rainy day.
“The bill is saying let us not spend all we have but to save for the rainy day”, Amaewhule submitted.
The Speaker, Rt. Hon. Ikuinyi-Owaji Ibani said the State Finance and Control Management Bill put the state at an advantage.
“Prosperity does not come by wish but by what we have been able to save for the future”, he added.
On the Public Accounts Bill, many of the lawmakers while commending the committee report, said time has come to put in place a more efficient audit system that makes government spending open and transparent.
Lending further voice to the arguments of the lawmakers, Ibani stressed, “this bill is multidimensional but the major focus is to ensure that public funds are well-managed and transparently.”
The final debate on the Violence Against Persons (VAP) Prohibition Bill was deferred to the next sitting of the House.
However, the final committee report of the VAP bill had been submitted for consideration by the House.

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 7:19am On Jan 24, 2020*

PuristForest:
From a purely technical point of view, it has the potential to return >200% before Q3'20. Very far from being a newbie, im only asking for the market fundamentals.

What magic will they perform, please I want to know?
Champion BREW PLC closes at 90 kobo yesterday. According to their q3 their gain moved up with 137.3%, they made EPs of 3.63 kobo in 2019 q3 against 1.53 kobo recorded in 2018 q3.

Will a company which their final year eps will be around 4.84 kobo, pay 2 kobo as dividend? Even if they pay the whole 4.84 kobo as dividend, it can't be compared with likes of FCMB of #1.95 with estimated final year EPs of 72 kobo and Fidelity bank of #2.30 with estimated final year EPs of #1. Even upon FCMB and Fidelity bank poor dividend payment, they still pay above 10 kobo or above 10%. But Champion BREW PLS has not paid dividend for years.

If Champion should appreciate by 100% in price, their price will be around #1.80 close to FCMB, then if they move up by 200% that is 2.70, equivalent to Caverton with EPs of above #1.20.

Cham PLC of 33 kobo, has more upward potential, if they maintain their earning up to that of last year.
But they truth still remain, that Champion BREW PLC has returned back to profit, with high margin of percentage improvement, but their earning will still cover some miles to meet up with their current market price.

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 8:43pm On Jan 23, 2020

maishai:
Oga Dipo, any beer parlor gist from the Dangote Egm held yesterday......,all dos giving vote of thanks no concern me......Finally, did Aliko himself show his face

https://businesspost.ng/economy/dangote-cement-shareholders-eye-more-dividends-from-share-repo/
By Dipo Olowookere

The share buy-back programme proposed by the board of Dangote Cement Plc has been approved by shareholders of the company. The scheme was authorised at an Extraordinary General Meeting (EGM) held in Lagos on Wednesday.

The board is planning to repurchase shares of the cement firm at the stock market. About 10 percent or 1.7 billion units of the company’s entire 17.04 billion issued and fully paid-up ordinary shares of 50 kobo each are to be mopped up from the market using funds from retained earnings of over N700 billion as at the third quarter of 2019.

According to the scheme, these equities will be bought back within 12 months and no director of the company would be allowed to participate, while the purchase price will be at the discretion of the board.

At the meeting yesterday, some shareholders of Dangote Cement commended the board for this initiative, saying it will enhance the share value and juicier returns on investment.

President of Authentic Nigerian Shareholders Association, Mr Mohammed Audu, expressed hope that the money realized from the ‘share buy-back’ by the shareholders will be used for investment purposes.

“The share buy-back will ensure that the value of our share will go up and we are also sure of getting better dividends. So, as you can see, all the shareholders here today voted unanimously in support of the motion. We voted for it and also thank Aliko Dangote for making us richer,” Mr Audu said.

on his part, National Coordinator Emeritus of the Independent Shareholders Association of Nigeria, Sir Sunny Nwosu, said, “As shareholders, we have been clamouring for share buy-back for so many years and today, Aliko Dangote has given us hope.”

According to him, the repurchase of share shares from the stock market “is very good as against the practice of share deconstruction that is being practiced by some Nigerian companies which never gives back anything positive to the shareholders.”

“We are indeed very happy with this (share buy-back) and we are also quite sure that with this that you have done today, you have proved yourself to be the best chairman of all the corporate companies in Nigeria,” he said, emphasising that, “We know that this arrangement will lead to share price increase and more dividends for the shareholders.”

From the last bolded statement it shows that Alh the chairman was there physical. But whether he was there or not, everything there went according to his script.

1 Like

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 6:44pm On Jan 23, 2020

moneymanager:
Hello Sirs
I am a newbie here
Pls where can I know the total dividends for the last five years for companies like GTB and Zenith
Thanks Bosses

https://www.gtbank.com/investor-relations/other-information

https://www.morningstar.com/stocks/xnsa/zenith/dividends

https://nairametrics.com/2019/11/05/list-of-dividends-announced-in-the-nigerian-stock-exchange-in-2019-november-2019/

https://nairametrics.com/2019/03/25/nse-list-of-dividends-announced-so-far-in-2018/

5 Likes 1 Share

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 12:07pm On Jan 23, 2020

bigjay01:
Can anyone else access http://www.nse.com.ng/market-data/trading-statistics ?

Yes, they have resolved the problem.

Because I got the information from them earlier
"Kindly be informed that there is a technical glitch from the NSE server and as a result of this, our ITRADE Platform is not connecting.
We are currently following up with them regarding this glitch as all hands are on deck to get it up and running as soon as possible.
Please bear with us.
Regards,
MorganCapital Securities Limited"

1 2 3 4 5 6 7 8 ... 17 18 19 20 21 22 23 24 25 (of 140 pages)