₦airaland Forum

Agbalowomeri:
CBN should have mentioned them

Banks will generally tank next week, irrespective. That's why they will remain underpriced. Random unexpected policy somersault. Seems the CBN has an agenda against shareholders

Zenith and Access Banks can never be in this category because they have met the latest capital adequacy requirement for international and national banking in Nigeria.

Some memorable quotes on dividends .

This is not for the core JIJOist gang!

Sunrisepebble:
Does this mean no interim dividend

Not for banks like UBA, Zenith,Access and GTBank.

Each of the four banks listed above has a shareholder's funds exceeding 2.4 Trillion Naira!

UBA, Zenith Bank and Access Bank all have shareholder's funds that is doubled their market capitalization. The shareholder's funds of each of these 3 banks is close to 4 Trillion Naira.

Mpeace:
Otedola will never dump geregu.
Many pple didnt know what happened to FO that led to its rise in price and subsequent fall. Everything about FO rise and fall was linked to geregu.

It was the acquisition of geregu by FO that raised the price from N7.73 at the beginning of 2013, to over N60 when the rumors broke, and over N100 when it became official.
It then closed the year at almost N250.

Otedola simply removed geregu for himself alone, leading to the collapse in share price of FO.

It is the same geregu that we are seeing now.

Otedola will not dump Forte Oil was the consensus about 10 years ago.

Where is Forte Oil today? Forte Oil is now Ardova.

Never forget history!

@Payunsin

I'm not an Oando kind of person!


Some have recorded 800 to 900 percent in GEREGU but cannot sell.

I can always get what you're looking for in stock like Fidelity Bank; I bought Fidelity at around N1 and sound at around N20. Fidelity is a good dividend paying stock and it's a liquid one.

I bought UCAP at around 90 Kobo and sold at around N18. Those who have not sold are still enjoying good dividend every year.

Both Fidelity and UCAP are still around and doing well.

Streetinvestor2:
Since you life time.how many times have you seen the exceptional case of naira floating that moved it to such amount in short space. So you have not seen people beating in this stock market
For your information some people have recorded 100% gain in two different transactions this yr.Be looking for excuses. How much was NB and vita form some months back.I hope you no dey the group dey call lazy youths..lol
Abi dollars has done 100% too this yr

Some have recorded 800 to 900 percent in GEREGU but cannot sell.

I can always get what you're looking for in stock like Fidelity Bank; I bought Fidelity at around N1 and sound at around N20. Fidelity is a good dividend paying stock and it's a liquid one.

I bought UCAP at around 90 Kobo and sold at around N18. Those who have not sold are still enjoying good dividend every year.

Both Fidelity and UCAP are still around and doing well.

Sorry,this was not meant for you

fashionnisir:
GEREGU 1141.50 ,so it remaining to dump on the shareholders

That's probably the next step!

It traded below N2,000,000 worth of shares today.

A mediocre dividend of N8.50 was declared this year.

Sunrisepebble:
Of course. He can run it through OPEX being an insider but I’m also talking about share price wise. Very possible he can pump it to whatever valuation he feels like for networth purposes and you, who thought you were wise playing there are unable to get out. And maybe when you eventually do, you’re selling back to him

He’s going to acquire Otudeko’s stake, bringing him to 20% ownership and then they’re about to raise N350bn through private placement (him and his friends). Even at N35, that’s 10bn new shares listed which will be 20% of Total OS

You're probably right

Sunrisepebble:
Not sure I agree with the bolded. His objective might be (it definitely is ) very different to your own though

Very high cost of doing business will likely be increasing.And that's one the major way he is going to make money.

No interest or single digit interest loan is another way he is going to benefit.

stcool:
If people know what it took Ote$ to finally lay hands on a Bank like First Bank as the largest shareholder after fighting so hard with TOE.

You will understand that FirstHoldco is a gem that you should keep accumulating. First Bank is the last bustop for Ote$

He may not let it go,but he is very good at declaring poor profit and dividend.

Just check the dividend of GEREGU.High cost of doing business is where he might get his cut of the business

Streetinvestor2:
You don't read financial reports and you say the ceo of a company is not doing well or smart. That means you consult the oracle to have gained such insight..lol

And I am neither a learner in the business. The business is not only about dividend. Infact is now I am taking the dividend part serious because of what I have come to understand about cash flow.I am considering cash flow now because I am working towards retirement

Dividend don't lie,!
A good company always declare good result from Q1 to Q4. Its cost of doing business is always low when compared to its revenue.

A bad company often declare loss in its financial results. Its cost of doing business is always high when compared to its revenue. Its earning per share is always very poor or negative.

Streetinvestor2:
Is this the special innovation/idea you will bring to the table
And going through thr report you didn't see this on the table.
You can see why everyone is best coach outside the game.
You tried but nothing extraordinary in your suggestions as I expected.

My Oga, although I am still a learner; I have passed the stage of reading financial report.

I don't have to read financial report to know that Zenith Bank and ACCESSCORP will both pay good dividend from now till 2030. ;

And I can always get my capital appreciation from any of these good dividend paying stocks.

megawealth01:
Are you kidding about Oando?

Have you forgotten when Forte Oil was almost N400,the same Forte Oil is nor Ardova(now N16) and always declaring loss.

megawealth01:
Everything and everyone here ain't always about dividends... What happened to capital appreciation?

Just imagine those that bought Oando at sub 5

Oga I know!

Do you think I hate capital appreciation?

I get my capital appreciation in consistent good dividend paying companies. I value my peace of mind.

I don't want to get trapped in stocks like GEREGU. Only few buyers to the multitude of sellers in GEREGU stock

Payunsin:
Those who loaded it at N4 won't be complaining though.
In adversities cones better opportunities sometimes.

Google Forte Oil price history.

Forte Oil once got to around N400 and later fell back to N20 .

Forte Oil is now Ardova(which is now around N16) . Ardova is now a mediocre company.

Oando can go back to N2 !

History always repeat itself.

zendi:
Clueless it is not. It brought Oando up from it's humble levels to the present empire.

The management should minimize cost of production and look for ways to increase revenue or sales.

Streetinvestor2:
I respect you opinions
Can you go further to answer any of this two questions make we check something.
I What will you have them do differently now based on what is on ground/results
2.If you are asked to join the management as it stands now.what will u do since you may not be OK with the present results as I personally see gradual improvements.

Note I didn't buy oando based on FA analysis at first but now I am keeping base on.my own FA analysis after seeing thr results/gradual progress

They should minimize cost.

The management should copy what SEPLAT is doing right,they don't have to reinvent the wheel

zendi:
So traders and jijoists should take position to benefit from the price pump?

Is like you don't know Ote?

Ote likes money doubling.

He did it in Forte Oil.

He did it in GEREGU.

And he is going to do it in FBNH.

mikeapollo:
Fair comment; that is your opinion and you are entitled to it.

Some of us are only following the money!

Your very right!

But don't loose your guard while following the money.

Payunsin:
So true but that was during analog era.
Most investors today can sense whatsoever is cooking realtime to make decisions.
People today are better informed.

About 10 years back wasn't analogue era.

Do you know some investors have bought Oando with the intention of getting dividend in like 5 years while ignoring good dividend paying stocks. Such investors will likely end in regret.

mikeapollo:
Lol! it is easier said than done!
To me, SEPLAT is more of a UK upstream company, listed in Nigeria.
Oando are already operating as an upstream company!. What remains now is for them to tidy up their loan indebtedness e.g. by raising more equity or strategic partnership.
How many indigenous, Nigerian upstream companies do you have in the country with a population of 200m+ pople?
We only had the multinationals like Shell, Total, Mobil ENI, Chevron, Addax etc. until a few years ago.
That should tell you something.

Oga,is like SEPLAT operates their Off Shore and On Shore oil & gas platform in the United Kingdom?

The truth is always bitter! Oando's management is either corrupt or clueless.

zendi:
that bolded wan kee me wit laff.

The monkey hunter is also in charge of a Power Company.

Very soon ,he will take FBNH to like N150 or N200 and will be declaring dividend of N1 or N1.50. And when he is through with FBNH,he will take the stock price to like N300 and exit!

All hail the chief monkey hunter!

mikeapollo:
You may be right in some of your opinions, but First Banks has had a history of very poor dividend payout, long before Otedola bought into it. Check the history.

Oando has a difficult time transiting from a downstream to an upstream company, which is extremely capital intensive and quite different from importing and selling refined products through filling stations.

Oando as a downstream company was paying dividends of N2, N3, N4 per share consistently around 2001-2011 until when they decided to go upstream with the acquisition of ConocoPhilips and things became tight and crude oil fell drastically. You can check their dividend history

So,it will take them 20 years to transition?

Is SEPLAT not operating in the same Nigeria as Oando?

Oando management is either corrupt or clueless!

RingRoadMafia:
He's not stealing, that's how.

That's all that's needed to push Nigeria forward; a leader that's not a thief.

.
Who told you that?

It is because he is 'working' that is why it seems like he is not stealing.

Agbalowomeri:
Seems you don't understand
The argument is, will it trickle down to the shareholders? These guys are living large while reporting losses after losses

It will only get to those JIJOist before the ponzi ends.

Oando as a company can only become sustainable when it consistently starts paying good dividend. A company that pays good dividend consistently is a sustainable one.

History is replete with stocks like Oando. Forte Oil(FO) was like Oando,investors only made good money through absurd price appreciation.

Forte Oil was fond of paying mediocre dividends.

Forte Oil is now Ardova,and the same monkey hunter who presided over Forte Oil is now in control of First Bank and has brought the tradition of poor dividend and pumping of stock price to the roof(like N100 very soon) while paying 60 Kobo to N2 dividend.

Never forget history because it will always repeats itself!

The stock price of GEREGU is greatly inflated or manipulated.

It has not traded up to N2,000,000 since 10.00 am today.

GEREGU only paid N8.50 dividend for 2024 financial year.

GEREGU's stock is not supposed to exceed N200.

Before September 2025, ACCESSCORP will cross N25.

Payunsin:
Why do my balance increase with Morgan capital whenever I sell stocks but is always normal when I trade with fbnquest app

I always stay away from anything related to First Bank; too slow for most of their activities.

Morgan capital Brokers is better.

NBM is being persecuted by their arch rival!

Neither their arch rival nor NBM is free from committing atrocities!!

zendi:
The theory makes sense as follows: deceive the Trump hating leftists across the West that Trump and Musk are now enemies so that they will stop burning and start buying Teslas. Such deranged fanatics.

This is the intention of their staged feud.

This is a staged feud to benefit Tesla!

They are just playing to the gallery.

Mankind2024:
In other word, MTN , NESTLE. CADBURY, ECOBANK, and the rest of them that haven't been paying dividends are not sustainable?
@EDUECO,please be aware of the allure of dividends!!!!

Even if they are sustainable; I tend to play the equity market business in the safest way possible,and so I only buy shares of companies with consistent good or excellent dividend payment.

Can a company fake the payment of good dividends consistently for like 10 years? The answer is no!