₦airaland Forum

Mcy56:
That's nice. When I saw his comment on you contacting Morgan, I know it's a good one.
There's one issue they are resolving for me now as well. My mind didn't just go there then.

Morgan capital has sent to me my CSCS statement about last three weeks. which tally with the CHN they are requesting for, and the Zenith dividend am waiting for was that of Morgan capital with the same CHN. So I believed that the problem is 99% solved.
Below was Veritas registrar request from me

Kindly send us your
cscs statement for Morgan and CSL.

This should tally with the CHN C********W

Mcy56:
In my opinion, UBA is good. You'll even be qualified for their dividend next week if you buy and didn't sell before then. Only that you shouldn't sell immediately after markdown.
My ogas may have different opinion anyway.

What of receiving dividend before mark down. If he or she has not worked out his/ her e-mandate, before then.

maishai:
Get morgan to mail them on your behalf, they will respect company mail than a yahoo or gmail....

Thanks for your concern. They are currently working on it as their mail write up indicate

Chibuking81:
Veritas registrar refuse to pick my call, or reply my email. I have not received my Zenith bank dividend, My e-mandate has been approved by them since before this year. But am not comfortable with them by not picking my calls or reply my email complaint messages.

Now I want to take step forward to report them to security and exchange commission (SEC) or NSE. which of these two have the responsibility of handling this case?

Sorry for late update.
They responded to my last mail, last night and this morning again after forwarding to them what the requested, they responded to my mail this morning as follow;
"Good day,
Thank you for your mail.
We acknowledge receipt of your mail. Be assured that your request is being worked on.
Please be informed that your electronic payment request will reflect in your bank account shortly."

So am patiently waiting for my dividend for reinvestment. If they fulfill what they promised, I will change my perception toward their customers care, and will rate them high.

Veritas registrar refuse to pick my call, or reply my email. I have not received my Zenith bank dividend, My e-mandate has been approved by them since before this year. But am not comfortable with them by not picking my calls or reply my email complaint messages.

Now I want to take step forward to report them to security and exchange commission (SEC) or NSE. which of these two have the responsibility of handling this case?

mendes911:
Maybe, but am hopeful that DBN wonderful "assets and liabilities" and further dilution of share outstanding will dribble Access Bank EPS a bit. We go soon know shaaa. That's a price I will comfortable enter Access Bank post merger, else I go carry my money to other stocks. I cannot come and kill myself.

Access is no go area for now, it's inconclusive till we see their first EPS after their merger (marriage).

Mcy56:
^^
@chibuking81, it's still the registrar that will solve the issue. You need to still get back to them. Call their line early in the morning after resumption before they get busy. There might be a reason for the delay.
I don't want to copy that long note, today na Sunday.

Please did you have any of their mobile line?, all their 01 number I called rang without picking.

I have not received my zenith bank dividend up till now, I use to pay myself dividend before the company start their payment, I do this by selling a day or two days before the qualification date, and buy at lower price immediately after the mark down with the total proceeds as reinvestment.

But this time I decided to allow the company to pay me, but I have not seen my zenith bank dividend, I registered for e- dividend, stating my two stockbroking account details, i.e my CSCS/CHN with Morgan capital and CSL.

I have been waiting for My Zenith bank dividend from share I have in Morgan capital stockbroker, and dividend has not come. Does it mean that one can't receive dividend from share bought using Morgan capital, because I have experience same before.

Before zenith qualification date, I sent message to VERITAS Registrars, requesting to now the status of my e- mandate form with them, and I got the below message from them.

Good day,
Thank
you for your mail.
The emandate form has
been received, approved and treated

Thank you for using the VERITAS Registrars
online enquiry service. Do have a nice day.

Olubunmi Kufoniyi|Veritas
Registrars Ltd| Customer Care Department
Direct Line I +234-01-2784168 I Switch Board
Lines: 01-2708930 - 4, 01-2793873 or 01-2716116
Office: 89A Ajose Adeogun, Victoria Island,
Lagos

Since last Thursday and Friday I have been sending message to them that I have not received my dividend, till now no reply from them. What else do I suppose to do?

Mpeace:
Diamond bank shareholders gather here. Access bank no want tell us how them want pay our N1. Whether na by e-dividend mandate(but the money no be dividend) or by bank transfer(them never even call to ask for my bank account number) or them want make we line up for their office? We need to hold emergency general meeting for this matter oh.

Make we all meet for Mcy56 house, Mansion No. 12 banana Island This afternoon by 3:30 pm. Rice and stew go dey.

All this merger merger, will make one have many account with one bank. I opened two account with defunct intercontinental bank, one IPSA and the other account saves, Access acquired them and turn the two account into saves, I have account with Diamond bank, now merged with access bank, making it three account in one bank.
By the time they will merge with UBA, First bank, Sterling, Polaris and acquire by Zenith bank, the account will increase by Eight. For now it's inconclusive account.

kolaish:
EPS of 167k as against 202 and Dividend of 100k as against 150k for 2017.

Their flour department ( Dangoteflour ) will still report low EPS, and will likely return back to 5/6.

Krisuba:
Thanks phemie n chibuking

Chibuking is it the registrar I am to write to or d broker ..the broking house no longer exist.!

Search for their registrar contact address online, call them and explain to them, or e-mail them. They will tell you what best to do.

@ NonnieMarthins
Increase in tax and dues, with contributions are must, that's why I included new deductions will give you new Net pay
The moment Mr president assent to it, it becomes binding to all state of federation, ie including both Federal and state government. And Mr president has no further argument to sign it, since he is ready to pay #30,000 to Federal workers, as for RVSG It's already captured in their 2019 budget, which I think will kick off immediately Mr president assent to the bill

Krisuba:
Had a few First bank shares with a defunct broker. But d problem I have is , its a different name and signature from from d one I have now. How do I claim it back. Will d bank give me confirmation of signature since the signature is different from what I have with d bank??

Some one shud help. Even d dividend had never been claimed!

Since the two different signatures are yours, write and request for change of name and signature, sign with existing signature and name you have with them. They will give you form to fill for change of name and signature, then fill the new name and signature you wish to maintain with them. Except if the account does not belong to you.

Truly am not happy with sluggish movement of stocks. Let be realistic, the out come of election is seriously affecting the market. Many still believed that election was rigged, with high number of inconclusive election in different States, that's why the bull that suppose to be on high speed by now, is still dancing inconclusive, inconclusive, inconclusive, this including the foreign investors, all dancing inconclusive.

Chibuking81:
That's good.
From voucher, 8/3 gross stands at 70,721.31
Gross 70,721.31 - 8,897.84 ( which are deductions includes,Tax 2,947.06 + Cont. Pension 3,420.84 + Union Dues 1,922.78 + NHF 607.16 = 8,897.84) = 61,823.47 ( Net Pay )

30,000/18000 x 48,572.98 ( which are, basic 24,286.49 + Accommodation 14,808.83 + Transport 6,515.89 + Utility 2,961.77 = 48,572.98) + 22,148.33 ( which are, Exam Allowance 1,214.32 + Furniture 8,885.30 + Hazard 1,214.32 + Learned 485.72 + Leave grant 2,428.65 + Meal 1,777.06 + Medical 2,500 + Teaching 3,642.96 = 22,148.33) = 103,103.297 (new gross salary)

30,000/18,000 x 48,572.98 + 22,148.33 = 103,103.297 ( gross salary)
30,000/18,000 x 48,572.98 + 22,148.33 = 103,103.297 - new deductions will give you new Net pay.
After implementation, any new amount receive will be the answer.
( level 8/3 current deduction is 12.58155427% i.e 70,721.31 x 12.58155427/100 = 8897.84)
All things being equal if the new payment from new minimum wage maintains the same 12.58155427% deduction, the new deduction will stands at 103,103.297 x 12.58155427/100 = 12971.9973
103,103.297 - 12971.9973 = 90,131.2997
That should be addition of about (103,103.297 - 70,721.31 =) #32,381.987 to former gross pay, and about (90131.2997 - 61823.47 =) #28,307.8297 to former net pay of #61,823.47

Change if use current deduction percentage
1.The new Gross pay for level 8/3 will stand at #103,103.297
2. The new Net pay for level 8/3 will stand at #90,131.2997.

@ Nabietonye, check this one, and use the formula to get 8/4
N.B
After implementation, any new amount we shall receive will be the answer.

NonnieMarthins:
They will not come now to do the maths, if I do mine now pipu like Gold360 and Co will come and counter it.

pls I hate what I don't like joor

Let me be doing it first

Check the previous pages, the maths has been done numbers of time.

phemmie06:
I don't see the price going far cos the qualification date is quite far, possibility of coming down is quite high, but if the q1 result is good and anticipation of good Q2 result can move the price a bit
My own view ni ó

Most at times what moves the market, is usually market makers, Oando and Stanbic ( with usually low dividend) comes to mind.

mendes911:
Access is been pushed up and it's even not so easy for the market marker. Offers kept over powering their strength, they had to pull a stunt at the last minute with 10m units bids at ₦7.15 but still could only close at ₦6.90. I will watch and see how much they are willing to spend. Very interesting. This reminds me of FCMB and their market marker

Why will access husband, I mean wife Diamond bank refuses to show us their 2018 final year result before moving to their wife place, I mean husband?
Access will still declare separate good q1 2019 result, with Diamond bank declaring nothing, does it mean that Diamond bank didn't trade for q3 2018, and q1 2019 before they merged?.

Whether they pack into their new home, they suppose to show us their result. I will not associate with access bank for now till after their q2 when the number of their outstanding share will increase as Diamond bank share will be reconstruct and be added to Access, which will then show their new strength with their new wife (Diamond bank) then we shall know their really EPS.

I see their latest EPS as manipulation, which they would have not declared if there is no deal with Diamond bank.
My observation anyway, not a recommendation.

locodemy:
That's good.I hope you know the price can't go above #30.what is holding zenith is also waiting for it.

Both are from different section of NSE. All things been equal in NSE, Dangote flour would have been selling for #3/#4 when compared with Eterna that has higher EPS.

phemmie06:
http://www.nse.com.ng/Financial_NewsDocs/25348_JULIUS_BERGER_NIG._PLC._FINANCIAL_STATEMENTS_MARCH_2019.pdf

That's good

phemmie06:
http://www.nse.com.ng/Financial_NewsDocs/25290_ACCESS_BANK_PLC._FINANCIAL_STATEMENTS_MARCH_2019.pdf

They have wonderful result, their eps grow with more than 50%, from 2.11 to 3.31, with PE of 1.8, but their marriage with Diamond bank, will take away #1 from them as bride price on the head of their new bride ( Diamond bank).

Minus this their marriage arrangement, they would be on bid, till they see #12.
If UBA maintain the same performance like access, they will see up to 40/50% return in capital appreciation.

locodemy:
chai......seems I have entered one chance in zenith.
You told us oando will sell above #12 in a couple of days only for us to see the stock nose dive.Now you are predicting 100% in zenith.who knows where zenith will nose dive reach this time?

You and Peter eeeeeh

@ #21 Zenith beg many days for passengers, when did you enter, by considering your entry one chance?.
Or are you up to something?

aremso:
Sorry pls for how long does the price upside sustained when the stock is marked down for dividend? 2017 FY i sold the stock after marked down i sold @27.30 the stock rose to 28+ something and later was fluctuating between 23-24 later dived to 19+ then back to 20+ at the junction where i picked mine. I want to be a smart investor and not the emotional one, i have never made loss investing in zenith bank and the strategy as really worked for me and i will stick to it. i will always go in at a reasonable price qualify for the dividend wait a bit then bail out to money market then re-enter again toward end of the yr.

Many factors affected stocks generally last year, from ups and down of crude oil, to drops in EPS of many companies, and generally to the fear of unknown of 2019 general election outcome which forces many foreign investors to bail out from the market. But despite the whole urge Zenith move up with 62 kobo in 2018 final from their 2017 final year, from #5.53 Eps to #6.15 Eps

Most of those factors that forces stocks to go down will not repeat itself again this year. Election has come and go, Foreign investors will soon gradually coming back to market. Am seen Zenith bank returning close to hundred percent this year from their current price.

Some will sell Zenith bank at 22.70 and will want to see it go down to 18, only to be disappointed in seeing it heading to #30. I have followed Zenith bank movement for some years now, the stock usually move up after their markdown, when the fearful ones has exited.

2.50 for ten years is #25, meaning in ten year with annual payment of dividend and interim, ones holding in Zenith will seen to be free, because the dividend alone will return more than initial invested capital.

aremso:
Bailed out from zenith@22.7, 22.80 and 22.75 Coming back when the coast is clear. Zenith plane is currently crashing.

Zenith is not crashing 22.55 + 2.50 ( dividend) = #25.05. It was markdown to 22.45 yesterday, meaning that at 22.55 it gain 10 kobo from its markdown. Zenith will soon go back to #24/25.

Yayira:
I see.. That means HF and FM will soon join ?

Their final year result will decide.

phemmie06:
Zenith pattern of movement is undefined, if zenith qualification date was extended like that of Dangote cement by now zenith might be trading below N20. Assuming It was zenith that underperformed the same way GT did mehn only the market that can tell the number of lashes the stock will receive
Only God understands the group of principalities fighting the stock. Maybe we Missionary V should conduct sanctification on it.

Zenith bank usually move up, immediately after their markdown.

We should be expecting our money on or before Wednesday this week.