₦airaland Forum

Dear OGG,

You are definitely correct.

onegentleguy:
With this we can do a rough estimate to determine the vol of GTBANK you hold in your portfolio.

A quick math...

Assuming that V is the vol you hold in GTB, then V x N2.80 (ref: YE, 2022 final div cash flow)= GDA (Gross dividend amount) paid.

Let GDA= y
Then y--0.1y= N4,250,086.04 (Note that 0.1y connotes 10% WHT on the value of y)
So 0.9y= N4,250,086.04
Hence y= N4,250,086.04/0.9= N4,722,317.82222

Therefore y (GDA) which is your Gross div amount= N4,722,317.82222.

But V x N2.80= y (GDA)
So V= N4,722,317.82222/2.80= 1,686,542 unit approximately.
...while you may have bought some of your equity stake in GT earlier, this gives us a clue of your holding.

I,686,542 unit of GTBANK.
...now that's quite a lot!

I dare say that you have built for yourself a great source of passive income... especially if you also hold similar stakes in other 1st tier lenders and/or blue-chip companies.

Do enjoy your dividend but try not to get intoxicated.

Kudos bro!

[quote author=onegentleguy post=123026082]A close observation and you can tell that specie developing wings. (building momentum/vol in view)

Still can't decipher? Help yourself. Surf from past post.
It drives zeal and aids discernment when we don't always expect to be spoon fed in everything. Put in the work sometimes.
...just dishing out an honest piece of advice.

It is well
[/quote

The Insurance sector is looking good presently. weldone bros

ojeysky:
Please who knows the qualification date of access? Looks like people have left access for now to queue up at transcorp

Today is the qualification day.

drotba:
You have been login on the App or through a link?

Kindly use the web, I have been trading easily daily.

Streetinvestor2:
Can I do reg online and the requirements. That is stock brokerage account. I need to port from somewhere.

You can register online and trade too, go to www.meritrade.com

V4 or V6?

OBAGADAFFI:
Dangote Suger paid

Abeg which bank una dey use o, as I never see my own o, and cement o?

Abeg, who has gotten their DANGCEM dividend, as today is the payment date?

Justcul:
Exactly what I wanted to say. In this market, you need to constantly monitor and rebalance your portfolio based on fundamentals.

You can add bank PHB, oceanic and Evans medical on that list

You can add yours

Add INTERCONTINENTAL BANK to the list.

Frangel:
My simple advice to the average investor on NGX is to have a simple plan of thinking long term, buying good quality stocks that pay dividends regularly and reinvesting the dividend. Buy more when you can add more funds. You would have grown a good portfolio over the years. Be disciplined with reinvesting your dividend.

An investor that bought 1000 units of GTBank@N5.10 at the IPO in 2001, would have shares worth about N170k now and received over N172k as dividends to date. An investor that bought Presco at about N10 around 2008, would have it at N150 per share today (not recognizing dividends paid o).

Please leave the complex strategies for those that might know how, until you learn better. They don't always win.

Hope you can say the same thing for OANDO, SKYE and other Companies that have been delisted or scrapped? Trading on shares with good fundamentals remain the best strategy.

Yes

Streetinvestor2:
Pls was dangota cement marked down today

5m?

If you are interested in UCAP's dividend of over 10% on current price, kindly join the train, as it is gradually gaining speed.

Due Dilligence required !!!

Elbreezy:
2013
Honda CRV
Registered
Bought brand new
Toks standard
Price:4.550M

Is this still available? 4m?

Adedaniel123:
This is not a 4m car. If you see one for 4m elsewhere, but it pls as this will never for less than 4.9m you can also look elsewhere to see the market price

Ok sir, happy sales. Kindly note that they have used Toyota out of this Highlander o, from the label at the back

Petman18:
Give me offer

5m

4m?

Ginalex:
Oando people how market

Also MRS and CONOIL peeps

OBAGADAFFI:
Vitafoam don land o

Pay your tithe ooooooo

Lion123:
You dey fear to buy at N327? Something that is going to N1,000.

Safe Journey oo!!, as for me I will continue to follow my penny stock strategy

yMcy56:
Don't mind them......
Maybe they expect a N15 stock to pay N3.......
It's typical of it's movement when dividend is declared (except for last fye).....
* Let them sha bring the price down to bargain junction, the value investors will come for it.

Na profit takers bring the price down, it will soon start increasing. Their qualification date is 14th of March, so expect the value investors to cash in on it big time.

onegentleguy:
For DANGOTE SUGAR, its been an mpressive management style in recent time.
Fantastic YE, 2023 report!

But not too good DPR (dividend payout ratio)
A megre N1.50 proposed... which is just approx 33% of earnings cap.
I had expected a bit more (ref: N2-2.5) given how the coys CCC, CGPR, CRB, JPMG, and NCR all printed better benchmark ahead of earnings delivery... with the last 3, ensuring you have an MoS @ 0.7x of current mkt peg.

But DS is obviously a BUY @ present price levels.
Intrinsic value @ near 61% above CMP (ref: N30.5 racking-off surrounding risk)

Rating: Retained at outperform.

Disclosure: Hold some DS in some management portfolio.
Caveat: NOT to be inferred as any sought of recommendation. Due diligence still applies.

Always respect your input

Meanwhile, today is VITAFOAM dividend payment day, so to all investors, pay your tithe

currentprice:
ROE over 30% @ year end

Based on the Yield, UCAP is still better based on returns. This market is really funny, as Dangsugar is on full bid. Alhaji doing his thing.

Mfunkynation:
Could it the reasons why people are selling it off

With N1.50k, it still provides a 10% return on investment based on the current price, and far better than Dangote Cement and WAPCO.

Abbasmh:
Please how many results are we expecting between today and tomorrow??

,

Expecting UCAP, AFRIPRU and CUSTODIAN

Meanwhile, Vitafoam payment date is thursday 2nd March 2023

What is with GTBANK and Zenith doing catch me if you can?

NESTLE Result is out:
https://doclib.ngxgroup.com/Financial_NewsDocs/Nestle_Nigeria_Plc_-_2022_AFS.pdf

Seplat:
https://doclib.ngxgroup.com/Financial_NewsDocs/Seplat_Energy_Plc_2022_Audited_Financial_Statement.pdf

Hogwarthtrades:
I apologies in advance .. I have looked through Treasury bill forum but no satisfactory info hey guys @onegentleguy @Agbalowomeri @emmanuelewumi Any recommendation from experience of a broker that has reliable service to cater to secondary market corporate bond NOT Treasury Bills

Kindly contact Meristem Wealth Management ltd or call 08029736561

Goodmorning all

Dangcem N20dividend:
https://doclib.ngxgroup.com/Financial_NewsDocs/Dangote_Cement_Plc_-_Declaration_of_Dividend_Notice.pdf

Do you have for 2013 Honda CR-V and price?

Ades1:
PAYtiently waiting on UCAP

Also DANGCEM and DANGSUGAR

emmanuelewumi:
I hope they will pay a dividend of N1.70k and above

Or even N2