samguru:
I don read reports tire ooo.

I didn't sleep until 3.40am reading audited reports

Covid19 result

kayusely70:
I Dont Think A Meeting Was Held This Month As There Hasnt Been Any News About It.

No FAAC meeting yet. Meeting might take place today or tomorrow.

Mcy56:

I don't think they eventually pay that particular dividend......but if they opt to pay it for 2020 fye, it's fine.
@chibuking81 should be able to clarify it for us.......
Wish Chams could spring surprise again....

For Cham, no surprise is coming from them this time
1. Oct-Dec 1 kobo EPs,
2. Jan-Sept negative (2) kobo EPs,
3. Jan-Dec negative (1) kobo EPs
4. This was against their last year Jan - Dec earning per a share of 6 kobo.
See page 3 of their 2020 final year statement.

Company might have negative retain earning in their final year account as the result of previous negative earning, but still declare dividend in that accounting year, through positive EPs, for example if they earn 7 kobo, and declare 2 kobo, the remaining 5 kobo will be retain and will cancel the negative retain earning completely or near to completion. This will show in their following accounting year. So for now Cham PLC don't have what it take to pull up surprise this year, maybe next year.

The surprise will come from insurance companies this time, most especially from two. They started their vehicle with other insurance companies ahead of time, and reverses back, one to car park and the other near to car park. Once the dividend announcement comes out, kilometer 100%/200% they will move. Save this post.
Good morning all.

nna777:


I just went through fcmb's results q1 to q3. EPS as at q3 is 70k as opposed to 58k 2019(26% increase).

My projected EPS FY will be btw 90-95k so possibility of 20k dividend is likely. And with the acquisition of 96% stake in Aiico pension, it should reflect positively on their FY balance sheet interms of income fees.

As for mobil plc, why sell your shares except you bought above #186. I think the delisting will deliver better return for shareholders going forward. Am not selling mine.

@Mcy. Welldone as always.

FCMB is another Vita foam in making, their final EPs will likely cross #1. and dividend of 20 kobo and above.

Tgaiushart3161:
Pls any hope for alert coming in today?

Alert will come tomorrow unfailingly.

Ucap result will likely drop any moment from now.

akinssan:
My order not been placed since yesterday for FCMB@3.03, what's happening?

This is another company that might pull surprise like Vita foam. Since appointed the broker of FGN, this government favour them.
"CSL Stockbrokers Limited, a subsidiary of FCMB Group Plc, has emerged as the new stockbroker to the Federal Government of Nigeria. The appointment of the firm, as announced by the Debt Management Office (DMO) on February 18, 2020, followed an open competitive bidding process in which other Stockbrokers participated" https://www.fcmb.com/CSL-Stockbrokers-Appointed-as-New-Stockbroker-to-the-Federal-Government

maishai:
Ucap and probably uba will be the only compensation this yeAr for holding Tony's companys

Be fearful when others are greedy, and greedy when others are fearful. Always know when to book your profit, and wait again at lower junction to enter back.
As in Ucap, their dividend return earning are attractive, but have in mind that their price will likely visit #3 or below after the dividend mark down. Their price will climb and remain high someday when their EPs will move higher like #2/#3 EPs.

chriswill20:
https://thenationonlineng.net/fg-states-local-govts-share-n640-310-billion-for-january-2021/

Salary to come between Thursday 25 February, 2021 and Friday 26th February, 2021.

megawealth01:
Time will tell if anything is cooking in UBN sha

Most cooking in NSE are manipulative cooking. From Japaul to Transcorp, always know when to jump out as they finish cooking. Happy Val @ all . After the earning period come planting period, the bonanza period . Hope we are preparing for bonanza period this year?

megawealth01:
I am going to wait for UCAP at below #3 sha

For you to succeed, you must keep an idle fund outside, waiting for that opportunity which must surely come, that opportunity never missed. Remember as that opportunity come, Zenith price, UBA, GTB, Access bank, Dangote cement and sugar etc. will be attractive at their various junction too.

megawealth01:
Exactly true... Especially UCAP... I have always bought it at 2.50+ never failed na only sell fast I dey don sha

Both will come down to pick passenger @#3 junction this year, after the dividend, for next earning season. They have attain another peak which I love #5 & #7. Meaning after coming down, they will still move up to that peak someday again.

megawealth01:
We leave it to Mr. Time and market sha

We are on the same page. A baby born today will grow with time, but not today. Investors strategy is to invest in those stocks that will give him good earning through dividend payment. It might take one who bought MTN at its year low going by their current earning 20 years to get back his/her initial invested capital, while someone who invested in stock like UCAP and Afriprudential at their year low, will get back their initial invested capital in just six years.

megawealth01:
I am going to wait for UCAP at below #3 sha

Ucap and Afriprudential are among the company I like so much in NSE, always maintain high ROI, and have the features of always coming down to pick those who are patient enough to wait for the earning season.

megawealth01:
Your opinion... Mr. Time will tell... I decided to load MTN maka future

Maybe in 5 to 10 years their growth will meet up with their body size. They are on the growing track. They are in a good business, communication. But didn't do well in splitting several time a unit of share before listing.

megawealth01:
Same reason some will jump inside UCAP at present price

On a serious note... MTN is highly undervalued

Are you comparing them with which stock?
From my own view, MTN is over price at their current price. They duplicated each unit of their share severally before listing. Their name is what moves them for now, not ROI.

kalkah:
@Mcy56,

is UCAP and Afripud still good at the current price?

Highly over price, watch your back, at time like this.

yMcy56:

You don't have to panic if you have Lasaco however.
The units you have will be divided by 4 and the price will be multiplied by 4.

For instance, if you have 40,000units, after reconstruction it will become:
40,000÷4 = 10,000units (post reconstruction)

The price will change by then:
Closing as @ today = 0.40kobo
Post reconstruction price = 0.40 X 4 = 1.60kobo

So you have nothing to loose.

** I suspect that Lasaco may likely come up with BONUS issue after the reconstruction or DIVIDEND which will become gain for you by then.
** So don't take any action in haste after suspension is lifted.

If they give bonus after reconstruction, what is the need of reconstruction?
Anyway in Nigeria many things goes anticlockwise. Always manipulative avenue to achieve their goal.

Unity bank reconstructed I think up to ten units of share to one, and today where are they, back to base.

Tekzyflex:



The Federation Accounts Allocation Committee (FAAC) on Wednesday shared to the three tiers of government N619.343 billion as Federation allocation for December, 2020.
This amount includes cost of collection to Nigeria Customs Service (NCS), Department of Petroleum Resources (DPR) and Federal Inland Revenue Service (FIRS).
The Federal Government received N218.297 billion, the States N178.280 billion, the Local Government councils got N131.792 billion while the oil producing states received N31.827 billion as derivation (13% of Mineral Revenue) and Cost of Collection/Transfer and Refunds got N59.147billion.
The communique by the Federation Account Allocation Committee (FAAC) at the end of the virtual meeting, indicated that the Gross Revenue available from the Value Added Tax (VAT) for December, 2020 was N171.358 billion as against N158.785 billion distributed in the preceding month of November, 2020, resulting in an increase of N14.572 billion.
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The distribution is as follows: Federal Government got N23.904 billion, the States received N79.682 billion, Local Government Councils got N55.777 billion, while Cost of Collection – FIRS and NCS got N6.854 billion and Allocation to North East Development Commission (NEDC) projects received N5.141 billion.
Read Also: FAAC shares N601.1b to federal, states, councils
The distributed Statutory Revenue of N437.256 billion received for the month was higher than the N436.457billion received for the previous month by N0.799 billion, from which the Federal government received N189.451 billon, States got N96.092 billion, Local Government Councils got N74.083 billion, Derivation (13% Mineral Revenue) got N30.477 billion and Cost of Collection/Transfer and Refund got N47.152billion.
The communique stated that Companies Income Tax (CIT), and Oil and Gas Royalty increased significantly, while Value Added Tax (VAT) recorded some considerable increase. Import and Excise Duties decreased marginally, while Petroleum Profit Tax (PPT) declined substantially.
The communique however disclosed that total revenue distributable for the current month was augmented with the sum of N6.897 billion and N3.482 billion drawn from Forex Equalisation Account and Exchange Gain Difference respectively.
The balance in the Excess Crude Account as at 20th January, 2021 stands at $72.411 million.

https://www.vanguardngr.com/2021/01/fg-states-lgs-share-n619-3bn-for-december-2020/
Salary to come between Wednesday 27 January, 2020 and Thursday 28th January, 2020.

emekatex:
Teachers are not included because they're not civil servants but public servants. Civil servants are those who work in the ministries and extra ministerial departments (MDA's) while teachers works in the parastatal. Although, all civil servants are public servants but not all public servants are civil servants. This is from a professional point of view (Public Administration).

Teachers are civil servants under ministry of education, yes they are also public servants which is the umbrella that houses civil servants, military, paramilitary, corporations, etc.

longlife20:
UPDATED] $1.1bn deal: Elumelu’s firm buys Shell, Total, ENI stakes in oil block


https://punchng.com/breaking-shell-sells-stake-in-nigerian-oil-block-for-533m/

https://www.google.com/url?sa=t&source=web&rct=j&url=https://www.bbc.com/pidgin/tori-55687074&ved=2ahUKEwjRmcjPhaHuAhWM2hQKHXoLAPkQFjABegQIAhAB&usg=AOvVaw0pEvhiE2_eBF7hROtHtr6n

http://www.nse.com.ng/Financial_NewsDocs/32174_TRANSNATIONAL_CORPORATION_OF_NIGERIA_PLC%20PRESS_RELEASE.pdf

Please who among the transcorp and Heirs holdings owns TNOG oil and gas that acquires 45% of OML 17 from Shell, Total and ENI?.
And between Transcorp and Heirs holding who own each other?.
And how will transcorp benefit from this transaction?

I am asking not to probe, but because I am interested to know.

teeboy95:


Thanks for this info.
Armed with this information i will email them back. Let me see thier response.
I sold the shares on the 7th.

Request for payment to be made to your bank account by end of today business. Your money will drop to your account without % charge.

teeboy95:


Pls oo.. i also send am email for withdrawal to Morgan capital and they said they will charge me 3% of the money i want to withdraw

Is this normal? After charging fees for buying/selling stock.
Hmm..
That is outrageous.

Any help?

If you wait after 3 working days of sell the money will clear in your trading account, you will pay nothing. But if you want the money before the 3 working days,
1. In the 1st day of sell 3%
2. In the 2nd day of sell 2%
3. In the 3rd day of sell 1%
4. After the closing hour of 3rd day, no % will be charge.

PharmAlfred:
Access is hugely undervalued. See it trying to rub shoulders with the big boys. Hope it moves someday. Nigerian coys are largely undervalued though. Most pay dividends way above most celebrated international companies.

The best rubbing shoulder should be by dividend (% return earning), there are lot of audio earning, but once a company declare high dividend that will correspond to their quoted earning their price move.
Look at FCMB and Fidelity bank, they use to have higher EPs than Ucap and Afriprudential, but the later almost double the prices of the forma do to amount of return earning through dividend payout.

HOW BONUS SHARE ARE ADJUSTED
Price Adjustment
Usually, after the bonus issue, the share price of the company gets adjusted according to the bonus ratio. For example, if the price before bonus is Rs 200 and a company issues bonus shares in the ratio of 1:1, the post-bonus share price will be Rs 100, which means that the total market value (2 x Rs 100=Rs 200) remains the same.

@yMcy56, remember that any company that give bonus will mark down on its qualifications date. Case study of Cutix cable when in the recent year they gave 1for 1, and was markdown at exact half price of their previous market closed price before the due date.
So using #2.56 for Mansard to determine their current suppose market price, shouldn't be out of place. Their bonus to one is approximately 2.43, plus one existing equal to 3.43 new unit. Therefore #2.56 divided by 3.43 unit will give you 0.75 kobo approximately, which suppose to be their suppose price after their mark down using #2.56, pls educate me more on how their fair price should be above #1.

@Mcy sorry about that, I was ban last week too, when trying to post a comments containing figure. Is like Nairaland don't accept post with much figure, maybe to avoid reviewing companies secret containing figure. I was surprise as I was not suspended in my recent post with figure. Maybe as you want to reply on it they feel that I have come to add more, and mistakenly they ban you.
Better still next time just type @with the person moniker, to avoid similar experience, thanks.

yMcy56:

Lasaco only planned reconstruction of shares into ratio 1:4.....
E.G. 40,000units will become 10,000units after reconstruction........i.e. 40000÷4 =10,000.

Lasaco needs to come up with clear plan on pre and post reconstruction in my opinion.

I however think buying at 30/32kobo or below is still okay. This is just my opinion, there may be pecks attached to the reconstruction but which we're yet to know......let them come out in clear terms.
**This is an update to my previous post on Lasaco**

Anyone with much info can pls post so we can understand better.

As for multiverse, this has been at car park for long. From my side, no info yet on this stock and I will say: instead of tying capital down on "hope", go for dividend paying stock instead.

Except for jijo purpose, for calculated short time capital appreciation, taking advantage of they company result manipulations to achieve a specific goal. Anything apart from that from penny stock might seems to be on suicide mission. They will reconstruct today within a little while when they can't manipulate their result again, car park will be their next direction.

Covid19 second wave is becoming real many state will likely shutdown come January 2021. We should prepare ourselves, get food stuff ready should in case the measure the government will take becomes unbearable. Rivers state governor has declared his readiness to shutdown come January 2021.

Covid19 second wave is becoming real many state will likely shutdown come January 2021. We should prepare ourselves, get food stuff ready should in case the measure the government will take becomes unbearable. Rivers state governor has declared his readiness to shutdown come January 2021.

Mcy56:

Thank you.
However, the last part will happen after the addition of 7:17 bonus and not before.

For someone with 7000units for instance, it will be:

7000/7 = 1000 X 17 + 7000 = 24,000units

24,000units/4 = 6000units X N2 = N12,000

Your initial 7000units purchase, if you buy at 2.30 for example is N16,100 + fees.

After reconstruction, price might not be less than N4 or thereabout..........at least, the share price is not expected to fall below N2 by then.........let's keep watching how they'll go about sha.

From look of things is like AXAMANSARD is already overpriced?

From little calculation I made it seems that Mansard share price equivalent of old should be 75 kobo, meaning that they are above their initial suppose markdown price already.

1. Price before let used #2.56

2. After mark down #2.56 ÷ 4 = 64 kobo which they intended to reconstruct back when merging 4 to 1.

3. Bonus 17 bonus share to existing 7 = 17 ÷ 7 = 2.43 approximately new share.

4. Current 1 share with bonus = 2.43 bonus share + 1 existing = 3.43 share.

FOR EASY UNDERSTANDING

5. For 3.43 which is for 1 share before = 3.43 x 800 = 2,744.
(800 stand for old existing share at #2.56)
(2,744 new share equivalent to #800 old existing share)

6. With reconstruction to 4 to 1 = 2,744 new share ÷ 4 = 686 reconstructed share.

7. Old share 800 unit = #2.56 x 800 = #2,048 worth of money

8. New share 686 units after reconstruction, (let say at #1 x 4 unit share = #4) new share = 686 x #4 after merging = #2,744

Comparing old and new share
Old 800 units at #2.56 = #2,048
New 686 units at #4 = #2,744
New #2,744 - old #2,048 = #696 higher

The nearer equivalent of new to old should be @#3 , which is #3 x 686 unit = #2058.
#3 ÷ 4 = 0.75.