₦airaland Forum

Fidelity bank's private placement was done at 4.60 with over 3bn shares sold

https://doclib.ngxgroup.com/Financial_NewsDocs/38221_FIDELITY_BANK_PLC-FIDELITY_BANK_PLC-_ANNOUNCEMENT_OF_THE_RESULT_OF_PRIVATE_PLACEMENT_CORPORATE_ACTIONS_APRIL_2023.pdf

Agbalowomeri:
UBA and audio earnings

Good result but could have been better if other expenses were kept in check. The other expenses part off me Sha. In a quarter where there was no cash, they still spent more on securing and handling of cash. I

They are more like a custodian company for debt and equity. Seems a lot of the tier one banks have such in their portfolio. Stanbic IBTC asset management limited uses Uba nominee's account to receive money from investors for some of the funds they manage like the money market fund.

https://www.ubagroup.com/investor-relations/global-investor-services/

Lion123:
But no one knows who UBA nominees is. For all we know, UBA nominees might be made up of a consortium of shareholders. Ote$ is still the largest individual shareholder in Transcorp today as we speak and if he wants to vex, he can begin fight with TOE. I'm just surprised at how Elumelu owns such a tiny stake in Transcorp and yet he is so powerful in the company's affairs.

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Agbalowomeri:
Oga chop humble
Dead company
Buy the time they start making profit, they will come for delisting Lol

That delisting after becoming profitable is the worse. They will use the market to raise money to better the company and when it's time for shareholders to start enjoying the company, the offer MTO at a ridiculous price. Only Alhaji did well with Dangflour MTO by Olam and I'll say it was because he had a larger shareholding in the company.

pluto09:
Are you sure this is from chapel hill??

That came from my broker's email though (my first brokerage account) but can't say more for ChapelHill. It's the same email I get other correspondence from them as well

I got this email from broker regarding chapel hill denham REIT bond issue.

CLOSING SOON: CHAPEL HILL DENHAM NIGERIA REAL ESTATE INVESTMENT TRUST (NREIT) SERIES 2 ISSUANCE OF UP TO N44.6 BILLION


BROKERAGETEAM
To
forthrightresearch@forthrightsec.com
Mar 14 at 9:48 AM
6 attachments
Dear Forthtrader,

Forthright Securities & Investments Limited is pleased to inform you that the The Chapel Hill Denham Nigeria Real Estate Investment Trust (“NREIT” or the “Fund”) Series 2 Offer of up to N44.6 billion is closing this week. The Fund raise is to acquire a high-quality corporate residential portfolio in Maitama Abuja (‘’the Abuja Portfolio”) that generates US dollar cash flows. Post-acquisition, investors in the Offer will receive quarterly dividends in the currency in which rentals are paid by tenants.



Below are key highlights of the Offer



- NREIT is a SEC registered Shariah compliant real estate fund.

- The Fund is raising N44.6 billion to acquire a high quality corporate residential portfolio in Maitama Abuja.

- The tenants are OECD country embassies and they pay their rents in US Dollars.

- Essentially, investors will invest in Naira and will receive quarterly dividends in the currency in which the rentals are paid by the tenants.

- You will receive US$ cash flows

- The targeted return of the Fund is 20%+ in Naira (at the official FX rate) and around low double digits in US Dollars.

- NREIT will be listed on the NGX (REITs must be listed)

- Minimum subscription is N1,025,000 (10,000 units).

- The Offer is scheduled to close on Friday, March 17, 2023.

Has anyone subscribed to the series 1 or have they paid any quarterly dividend as stated here. Thanks

Mfunkynation:
So Zenith bank is joining the HOLDCO train

Agbaje will likely move to being chairman in gtbank after his tenure as CEO as well. All of them are just hovering over the banks like vultures

currentprice:
with the raw cash DS control now. they are capable to pay all N4.5 earnings as dividend without seeking for external finance for it operations but they decided not to.

last year div. was N1, 50% improvement on last year dividend is not bad in my opinion.

like i said earlier. I expect the company to pay interim dividend this year.

DS will rise very well but it will not be on a straight line... watch out

will find time to check my bedsheet for the FP of the stock

Improvement of almost double their sales in their retail sugar sale boosted their revenue. I can only hope the continues to improve their bottom line in 2023

topsy23:
We have different brand of Distribution Boards ABB, SCHNEIDER, LEGRAND, MEM, AB&T, A&T, HAVEL, HPL, HAGER.
Also, we have different of of ways of single phase
We have 4-way, 6-way, 8-way, 12-way. So you need specify number of ways

These arrangement is according to their quality LEGRAND, ABB, SCHNEIDER MEM(original), AB&T, HAGER, HPL, HAGER, HAVEL


20mm and 25mm pipes original is 2.9m long the short ones are not original dignity pipes So go for long one

Thanks for the response.
On the DB, I am considering AB&T and 8ways for 1-bed, 12 way for 2-bed. Community didn't allow us to take supply for 3-phase, so 3-phase DB was jettisoned for Single phase supply

Wapco did pay 2 naira last yr(interim and final). So paying 2naira this year isn't an improvement

@topsy @twinskenny how much does single phase DB cost(range looking at different brands of products) and what brand will you recommend.

Also why are there long/short PVC pipes for 20mm/25mm for conduit wiring. I am not getting a suitable explanation from Google.

Thank you

sonnie10:
Per the plastering before ceiling or ceiling before plastering, I would go for any method that would not allow gaps for insects to crawl in.

Ceiling before plastering will definitely take care of that. Thanks for sharing

Are there other options for ceilings asides PVC, pop and slates.
I know there has been several arguments on the thread against PVC (aiding combustion during fire outbreaks, durability).

POP is out of the equation for me considering the initial capital outlay and the going rate for rent in my vicinity. I am left with PVC and slates or any other option available.

Also my carpenter is advising we do the ceiling first before plastering so the plaster can have a fine finishing over the ceiling wood as the wood no de straight sometimes.

Please share your thoughts.

Una don talk very well on the matter. My question stemmed from what we do now and what was obtainable in the past. My dad did surface wiring for his house and it's still standing like @redgem said.

I remember asking here months ago why we first do plastering on bathroom and kitchen walls then still use plaster sand and cement again to fix tiles instead of eliminating the first plastering and just fix the tiles directly on the blocks.

Personally, the cost implication is minimal but it's what I have seen people do around hence the question

Uchetoba:
https://ngxgroup.com/exchange/data/company-profile/?symbol=COURTVILLE&directory=companydirectory

This BOWS Nigeria Limited isn't listed anywhere in their financial print as a shareholder at all. So where is the company coming from.

@Topsy, @twinskenny, is it necessary to have 20mm pipes running through ceilings/woodwork or let me just ask, are there downsides to just running conduits in the walls only and running the wires naked in the ceiling

MrOkenwa:
Woodwork.

I later paid about 125k for the job using a different workman.

dapix:
CONOIL on full offer

Full offer or full bid

GAZZUZZ:
Replace the same things, but this time use new original parts.

The question is now about original parts because the parts I replaced with were brand new to the brake pad sef. Are there brands that can be guaranteed as original?

I changed the shaft and brake disc on my car last December because I hear that crank sound when the steering is fully turned bother ways and the steering vibrates when I brake from 80-100kmph.

Barely a week after that fix, whenever I turn the steering fully in the left direction, there's noise from the rack within the car, it has become more audible over the last couple of days.

Also, The vibration when braking has also returned but this time even at 60kmph, the steering shakes but not regularly.
The crank sound from turning the steering fully has also returned but not as bad as the prior to December fix and it happens when the steering is turned fully in the driver's direction to the left.

There's also some sort of drag when accelerating which wasn't present before the December job.
What line of action is best for me to take next.

emmanuelewumi:
Free cash flow of N11.7 billion, compared to operating profit of N8.6 billion and profit after tax of N6 billion.

Not forgetting the cash and cash equivalents of N68 billion at the end of 2022 financial year



Very good working capital with a current asset of N101 billion compared with a current liability of N50 billion.


I have a cash flow return on investment of about 18%, which I got by dividing the net operating cash flow of N12.5 billion by the capital employed of N72 billion and multiplying by 100.


Quick ratio of about 133% ie the cash and cash equivalent of N68 billion divided by the current liability of N51 billion .


EV/FCF is less than 1.CROIC ie Cash return on invested capital of about 130%



@ Current price, I don't believe these figures, can you assist me by digging deeper into this?

Thank you for the analysis. I was referring to Conoil I believe your analysis was on Unilever

emmanuelewumi:
I compare the earnings with the free cash flow

Their cash flow is small from what their books say. The retained earnings is the only big thing there

Calculated my total dividend yield last night and saw that the bond yield currently will give me 50% more yield if I put my total money in the bond market.

Even at that I am not able to decide whether to sell all my shares and move it to bonds for the greater yield perhaps because of the ease with which I am able to cash out from my shares plus capital gains that has helped my portfolio grow in terms of capital appreciation.

I have even rebalanced my portfolio but it doesn't come close to what bonds will give even at 14%.
I'll like to hear opinions on what the best action will be. Steady cash flow is my investment objective for both short and long term

emmanuelewumi:
The earnings are cash backed, don't be surprised if Unilever declares a dividend of N1.00 per share for 2022

How do you tell if earnings are cash backed. Retained earnings or cash and bank balances

Nigerialabalaba:
Oga street, abeg carry dat shoulder come down small so you go receive d sense in wetin essentialone dey yarn.

Here na for stocks market, we neva even cover am wella , we don dey see dem jjc and old timers dey derail d thread. E no good nah. Na like so una do before wit dat yeye crypt0 until una quench on top am.

Dis thread na for stocks, carry bond matta go bond thread. shikena.
We go come dia join u wen we want.

Becos dem dey derail d thread, we no fit catch up wit coolcash for oando matter, current price for nahco and ask for how e go be for us wey get ardova wey wan delist.

Since dis days now, conoil dey fly, we no debate am herena yeye yeye bond and how to collect and submit d yeye forms dem take dey derail here. And pesin talk beta to help serious investors like me, u say bolekaja u go beat am. Go beat am for hin house na.

Abeg, no vex o but we go dey report una until una chop ban wella and stop dat nonsense.
Here na NSEMPA for stocks.

Na nahco I dey buy today, u nko?

On Conoil, I think CP or someone else highlighted it might get to 35 before the unaudited results was released. Seeing an EPS of 8naira and considering a payout ratio of 50% or more, at least 4naira dividend suppose drop if adenuga no de stingy this time

[s]

talk2me2:
Actually what they recommend is 1.6 cent ÷ 10 = 0.16 United States of America cent per share. When converted into the Nigeria currency is the equivalent of about 66 kobo per share.

Conoil should be able to pay between 3-4 naira as dividend based on their eps of over 8naira

GreatEko:
He owns more than 95% of the company and the free float is just under 5%, as at 31 December 2022.

Man's got to remain a billionaire.

BTW, why can't some companies upload clear result to ngx? They will upload results that will make you wonder if they're actually corporate firms. Courtville, Honeywell and their friends are in this group.

MrOkenwa:
Woodwork.

Thank you

MrOkenwa:
If na me, I won’t negotiate this nonsense.
There’s a sawmill along obasanjo road, not far from the state hospital Ota. If you cross to the other side, okada guys can take you to another one inside Oloko side.
If you don’t want to go through much stress. There’s a small sawmill at a street along oju ore ilogbo road (Ahmed Akindele Street) . That Ahmed Akindele is a wood seller and you can trust him.
I have a property in Afobaje area. I paid 80k for my woodwork (Initial quote was 250k I think) back in 2016 and used about 60% of the quoted woods, all because of that man. I don’t have his contact again but he’s somewhere along that axis.
Building a property in Ota is not for the faint hearted. I must commend you sir.

This amount you paid back then was just for the wood work or the entire job itself