Laso09:



Why are they all going back to the past?
Sanusi did a good job stopping this. Now we are back to this nonsense again

Nothing new under the sun.
What is considered new is usually the old rebranded/renamed.

Okomu

The directors of Okomu are proposing N12 as the final dividend.
Plus N9 interim that was earlier paid ie total of N21
(crude or palm) oil money is sweet money.

igbizen:
Did anyone notice there was no payment yesterday?
Or is it just my account?

Emmasoft and ponzihater any hint?

Please which payment are you referring to?
If it's the daily accrued interest it will be done.
You already earned it.

YoungBuffet:


I think have come collected NFM dividend before wtout the seduction of WHT

That is why I said except otherwise stated. Anytime a dividend will be WHT-free it will be stated in the corporate disclosure.
For example, when dividends are paid from pioneer earnings it's usually WHT-free and it will be stated.

Ades1:



Will the govt mandatorily steal their normal 10%?

All declared dividend except otherwise stated is always paid less WHT.
Irrespective of the mode of the claim.

Mpeace:
At what rate? Market or discount?

Share Price shall be the average closing price of the
Company's shares for 5 consecutive trading days
traded on Nigerian Exchange Limited starting on
March 28, 2023 and ending on April 3, 2023 (both days
inclusive).
The above is extracted from the link below

https://coronationregistrars.cloud.processmaker.net/public-files/Registrars/AGM%20Explanatory%20Memo%2017.03.23.pdf

onegentleguy:
Getting filters (unconfirmed) that ZENITH BANK will be declaring a N3.20 dividend for it's YE, 2022 financial yr.
Again, it's unconfirmed.

Even a N3 payout would be just fine!

CAVEAT: NOT to be inferred as any sought of financial advice.

It is well.

No the final dividend is 2.90
30k interim added to have 3.20

MTN Script Dividend

Click the link below and complete the online form if you wish to get MTN shares instead of the cash dividend.

http://mtnnscripdividend.coronationregistrars.com

Owoblowblow:


Hi Emma,
I hope you are well. I have few queries and I would be glad if u have a minute to respond.
1. Are there any MMF investment that guarantee a specify rate.
2. If I choose to re invest on 1,000,000 investment on SFS Fixed income fund at the rate of 11.05% what will be my returns in 5 years.
Thank you for your time.

Good day @Owoblowblow,
I'm very well thank you. I hope you are too.

1. No. All MMF are valued daily because of the variations on the underlying assets. But the variation is not volatile like equities, interest is guaranteed ie investors will always have interest added to their invested capital anytime.

Rate is relatively stable especially the fixed income category of mutual funds like SFS FIF.

2. You will have 688,856.7517

A= P(1+R/100)raised to power 5
CI = A - P

With the following assumption that
1 rate remain 11.05 in 5years
2. You reinvested the interest for the 5 years
3. The 1m was a lump sum not contributed at any interval.

3. No addition of funds or partial redemption.

You can chat me up if you need further clarification.

Kereokwu:
Good afternoon,
Someone shared this http://sec.gov.ng/non-mandated/ (God bless that soul and Deruggedprof). So i and my colleague that has apathy for anything stock cos past experience checked and she has Fidelity and universal ins.
My question is apart from filling E-Mandate and taking to her bank any other requirements? Is there a way of knowing the amount of each stock and if its what the stress?
Thanks and God bless all those that keep here active.

To know the quantity of the shares, she will need to visit the registrar in charge of the company. For fidelity, the registrar is First Registrars 2, Abebe village road, Iganmu, Lagos.
Currently, fidelity is N5.27 as of the close of the market today so the value will depend on the quantity she has.
For Universal insurance, I doubt if the value will be worth the stress even if there is a buyer at the lowest market price.

Wotowotoman:


How can it be good news when it signals how bad inflation is ?

You go just open mouth waaaaa….

An investor that lost say 80% of of his investment and something happend that reduce the lost to 50% is good news even though the investor is still at a loss.

The cup is either half full or half empty depending from the way you choose to interpret what you see.
It's true inflation is at all time high but with higher rate the negative real yield is reduced to some extent.

Tohmey:
Good, but is fixed deposit of 11-13% is far better than that

I don't think so.

First you will pay WHT on fixed deposit in the bank
But the interest for FIF is tax free.

Secondly that rate can only be given if you have so much to deposit and for a longer time.
But any amount as little as 5,000 will be same interest with FIF

If you do fixed deposit and there is improvement in MPR like it happend today the rate for fixed deposit will not be adjusted but for FIF rate is adjusted upward.

If you fix your money terminating it has a lot of penalty if at all it's allowed.

Again for FIF you can top up anytime and exit as in total redemption or partial redemption without penalty after 30 days.

Sincerely it's difficult in the money market space to have fixed deposit better than fixed income fund.

Chikebrain:

What's Stanbic MMF rate currently?

As at today after d hike in MPR it moved from yesterday's 9.12% to 9.41%

Ok12345:
What is MPR

MPR is monetary policy rate.

MPR is the interest rate at which CBN lends to commercial banks; it therefore serves as benchmark against which other lending rates in the economy are pegged.

A raised MPR means commercial bank will increase their lending rate to customers.

Fund managers will try as much as possible to raise their rate to match MPR or more. Hence a raised MPR is good news to Money market and other fixed income investments.

It's not a very good news for the stock market though the market has other factors like earnings, government policies, romours or even sentiments that can affects it.

As an investor, the nearer or better still the higher MPR is to inflation the better for your returns.

As at today, the Stanbic IBTC MMF has reacted positively to the new MPR.

If you wish to benefit from the hike in rate, kindly click the links on my signature to invest in MMF or Fixed income fund manged by Stanbic IBTC Asset mgt and SFS Capital respectively.

enque:


Ok Thanks
I digress a bit....
Noticed a drop in stanbic mmf interest in February vs January this year.
What cld have been the cause?

Please note that the rate is valued daily and it can be up or down.
Generally, MMF rates were high across the industry from December last year till Mid January or so. In February rates went downward till this March. It's just last week that rate started to look up again. That is the reason you saw your returns lower.
Otherwise, it's as I explained above.

MPR is now 18%
Good news for MMF and fixed-income investors.

enque:


Quick question for u....
Say I currently make X amount monthly as returns on stanbic MMF, does doubling the capital automatically double my monthly returns??

Yes if the rate remains the same. The returns are proportional to the current capital. The higher the capital the higher the returns and vice versa

MPR is now 18%
Good news for MMF and fixed-income investors.

Tohmey:

Sir, does SFS fixed income rate fluctuate, is it regulated by SEC and what is the minimum amount i can invest there?

Rate fluctuation is minimal unlike the MMF for example it has been above 11% for the past 6 months.
It's regulated by SEC and the minimum amount to invest is N5,000

Chinaza0g3:
Do we really have good mutual funds in Nigeria?

Yes, there are good mutual funds.

A major consideration when you wish to invest in mutual funds or investment generally is the safety of your capital which is guaranteed in all money market funds. With government regulation through SEC, investors in mutual funds can rest assured of the safety of the funds.

Stanbic MMF or EDC MMF is a good option for Money market funds while
SFS fixed income fund is a good option for the fixed income category.

However, note that any mutual funds such as balance fund or equity funds that have elements of equity or purely equity base doesn't guarantee your returns or capital but the returns are always more than the MMF or Fixed income which is in line with the usual expression 'The higher the risk the higher the return and vice versa"

As usual, contact me with the details on my signature if you need further clarification on mutual funds.

Don't leave your money idle in the bank, it increases your negative returns.

Get better returns as you invest in the Stanbic IBTC MMF for 9.12% as of today and the SFS Fixed income fund for 11.05%.

There is an opportunity for re-investment (Compounding) of your returns as long as you wish or you can opt for a monthly payment of returns.

Click the links on my signature or call to start investing.

A little Advice that could help

To avoid any form of panic, don't approach/react to any market situations like a trader when your intention for coming to the market is as a long-term investor. This will help you make informed decisions as regards buying or selling stocks.

Polchiz:

I opened a stanbic ibtc account online and I was given an e-account number (C-004.....).I tried to fund the account via online transfer to no avail.
I observed that account numbers starting with alphabet letters is not acceptable on the APP.

Can you assist?

You can pay with a bank transfer using the following details:

Account name: UBA Nom First Trustees IBTC Money Market Fund
Account Number: 1023413552
Bank Name: UBA

Write your e-account number (C-004.....) as the description/narration or reference depending on the term your bank uses.

If you do the transfer before 12 noon, you get the same-day value and the interest otherwise it will be the next business day value and interest.

You can chat me up with the phone number on my signature if you need further clarification/assistance.

igbizen:
Emmasoft and ponzihater

God day. I made a redemption yesterday from my stanbic MMF. I was credited once in my bank account but I noticed from my portfolio and statement that I was debited twice. I sent a feedback on the App about this but nothing has been done. Do I need to do something else?
Thanks

Apologies for the inconvenience.

Kindly send a mail to mutual.funds@stanbicibtc.com to make the complaint or call this number 012805595 for instant response.

Thank you.

richforever123:


To be honest, I am not interested in any gift, I have a large amount there and don't need any accounting officer disturbing me, people use this delivery and gift to know where you live, this is Nigeria

Please note it's not compulsory for you to collect any gift. Your decision is well respected.

The act is not a policy but rather a gesture to appreciate your patronage and no strings attached.

It's a common practice with most of the fund managers in the industry.

richforever123:


Do you guys give Gift to customers, the account officer has been contacting me to give me a gift

Yes. Sometimes on the customer's birthday or as it's deemed fit by management.

kennyzboy:
Good evening house, is there anyone currently investing with SFS funds and has been able to withdraw his funds (invested capital+earned interest) successfully without hitches or bad experiences.

I checked the mobile app on playstore but though the reviews are very few, they're not looking too good or encouraging. That's why I'm asking for authentic information from existing or past users.

Please help a brother/sister.

When it comes to withdrawal in mutual funds, the app is not the only method used.
You can also use the web or send a withdrawal mandate.
No investor lost money in SFS, and entry or exist is seamless.

Right now the rate at 11.05% is among the best within the fixed income fund space.

Click the link on my signature to come on board.

You can also chat/call me with the number on my signature if you need further clarifications.

Apitch:


I'm seeing 8.72% and it was 8.99% yesterday

It's possible because it's updated daily and depending on the time one checked.
At the moment it's what you are seeing.
As already said it's same across not peculiar to stanbic.

aremso:


wow mad ooo from 11 about last week. Thanks

Don't worry it will improve since it's general across the industry

To all the Women in the house
Happy international women's day celebration.
You are all amazing and well recognized today!

aremso:


what is the current stanbic rate

9.08%

To all the Women in the house
Happy international women's day celebration.
You are all amazing and well recognized today!