₦airaland Forum

Mpeace:
Abeg make una break down the result. I see eps of 92.25 from 30billion Profit after tax. I thought their OS is 7.5billion. How eps come climb to 92naira?

Dividend fit be like N3. (I no want laf)

Btw transcorp have been chopping this kind dividend yet paying 2kobo to its shareholders yearly.

Mind you transcorp have so far sold units of transpower worth over 100billion on the floor of the exchange. Abeg make them share that one for us.

This is how the company arrived at an EPS of N92. It's quite surprising - this method. Perhaps I am new to this enterprise. Generally, I believe EPS should be calculated by Net income after tax÷share outstanding, but Transpower did Net income after tax ÷weighted average number of shares in issue during the year

@yMcy56 and others please 🙏 provide more clarifications

ndept:
The share value of every stock you see in the NGX has nominal value, regardless of how much it is selling presently. The nominal value of quoted Access bank shares on the stock exchange is 50k. Most companies have 50k as their nominal value as at the time of listing their shares on the floor of the exchange while others have 20k as the value. That notwithstanding, if you have 1 million units of Access bank shares, you will be paid N1.80k multiply by 1 million units that you have.

Thank you very much. I am very grateful

The Board of Directors proposed a Final Dividend of N1.80k (Dec 2022: N1.30 Kobo) per ordinary share of 50 Kobo each on the 35,545,225,622 issued ordinary shares of 50k each payable to
shareholders on the register of shareholding at the closure date. Withholding will be deducted at the time of payment.


Please 🙏, I need help to interprete what this statement mean. Although, obviously access is paying a shareholders approved N1.80k dividend per share.

But what is the meaning of per ordinary share of 50 kobo on each of their 35 billion share issued ordinary shares of 50k each payable to shareholders on the register

Thank you

Please 🙏 on behalf of all newbies on this thread. Let all members here lessen their attack on active members in the forum. We don't want these people to become angry or feel frustrated to consider refraining themselves from this forum

Please 🙏, less attack on them. It would be inappropriate to mention names but everyone knows those members whose contributions has added more values and important informations about NSE and equity trading.

Kindly allow them to stay, thank you

yMcy56:
Yes.....
Just posted the Rule few days ago.
See it attached

** However, pls note that the last 100k single unit (or above) for a stock determines the closing price for the day.... irrespective of the time it's executed**

Thank you very much

yMcy56:
Ok will do.

Give examples of stocks with million volumes with no corresponding price appreciation.
* Note that it's possible anyway, in as much as there's no single trade/crossing up to 100k or above.

If I get your point correctly, do you mean that price of stock on NSE don't appreciate or depreciate until at least one single deal among all deal for the day traded 100,000 unit of that particular stock?

yMcy56:
Morrison wasn't pump! It was the normal trading, Cross Deal precisely..........even though it was a single deal all thru the trading day, in as much as it met the requirement for price mvmt, it was normal.

As for Caverton, it wasn't overvalued either.
VWAP, is the weighted average
Na Oga Meshpips, Osita or other ogas Sabi explain this better.

@yMcy56 please, if Morrison was not pump yesterday with a single deal of a volume of 132,093, then why didn't other listed companies not appreciate even more yesterday since some volumes were in millions. Regarding vwap, I found out is values traded for the day divided by volume for the day - which I believe should best indicate ideal price of that stock

But most importantly, I sent a mail to you a couple of days ago. Kindly respond to it. I will be very glad to be in touch with you. Thank you very much

Mpeace:
It also means that full year 2023 result and corporate action is not yet out.

Yes. It will be released after expiration of the closed period, usually 30 days post fiscal quarter or 60 days FYS in the absence of unaudited FYS

Mpeace:
By implication, new shareholders will enjoy dividends or bonus shares if the board approves.

The Transcorp Power disclosure is a notice of close - which is a practice for listed companies on stock exchanges. It was designed to prevent insiders privy to sensitive information from taking advantage of that to acquire more share or sell off to prevent any loss

Corporate disclosure- Transcorp Power

Good evening,

Please, is it a right conclusion that, Morrison was pump today, to 10% since a single deal traded the equity. Also, I noticed CAVERTON closing price of 1.75 sent by Morgan capital is less than its VWAP of 1.70 - overvalued?

yMcy56:
* How can I know when (what times/dates in a year) companies listed on the NSE are to release their quarterly or yearly financial reports -
** ANS: Depends on each Company's Financial Year End (FYE)....majority however have December 31 as the FYE**

* Perhaps, there are no NSE stipulated time of the year listed company are to release their reports 3 or 4 times per year
** ANS: We have 4 quarters in a year.......Jan-Mar; Apr-Jun; Jul-Sep; Oct-Dec........each company is expected to release results 4X a year with one out of the 4 being the FYE report....there are rules guiding this.....Rule 7.4/7.5 or so; and we have rules guiding operations of NGX**

* Please, what is the rules of NSE & SEC, within a period of how many days pre or post fiscal quarters in a year must companies release their financial reports
** ANS: Amendments yo rule 7.4
- UNAUDITED within 30days and AUDITED within 90 days
- AUDITED (without submission of UNAUDITED) within 60 days
- For inability to submit within stipulated days, notification must be sent earlier to NGX, failure of which may attract penalty/fines/Suspension as the case may be**

* Please, what is a fiscal quarter according to NSE (from when to when in a year):
** ANS: Periods of 3mths in a year.......4 fiscal quarters per annum

Thank you very much. I can't appreciate you enough. God bless you

Frangel:
There are 4 quarters (3 months each) in a year and the company determines the structure; the most popular being Q1(Jan-Mar), Q2(Apr-Jun), Q3(Jul-Sep), Q4(Oct-Dec). This applies to all banks by regulation.

The rules require a company to release its unaudited results for a quarter within 30days after the last day of the Q ending. Where it's for Q4, same rule applies and the audited financials should be filed within 90days after the last day of Q4. Where a company decides not to file unaudited results for Q4 (or any Q but wants to have interim audit) it is required to file it's audited results within 60days.

Note that banks and insurance companies need to get their reports approved by CBN and NICOM respectively before filed at NGX. This could affect the timelines.

NGX and SEC websites would give you details.

Thank you very much. I am very grateful

Please 🙏 I have a question

How can I know when (what times/dates in a year) companies listed on the NSE are to release their quarterly or yearly financial reports - prior to releasing the info.

Perhaps, there are no NSE stipulated time of the year listed company are to release their reports 3 or 4 times per year

Please, what is the rules of NSE & SEC, within a period of how many days pre or post fiscal quarters in a year must companies release their financial reports

Please, what is a fiscal quarter according to NSE (from when to when in a year)

Thanks in anticipation

debeey87:
Expenditure or money spent by companies are put in bracket on their financial statements. Marketing and admin expenses are monies spent in the course of business for the quarter. Numbers in bracket could also means a losses incured during the period under review while Income don't have bracket.

You can check investopedia on what elements make up an income statement. Many other items can be put in bracket in a financial statement.

Thank you very much. I previously believed only losses are put in brackets. Thanks again

Good evening, everyone

Please, have a look at this ABC forecast for the 2024 Q2

Why is Marketing and administrative expenses in bracket - which implies negatives same with interest payable, operating activities cash flows. Is this to imply the company has no money of income finance this aspect of the forecast in brackets

Please 🙏 your clarification will be very appreciated. Thank you

stronglink:
that is, he should multiply it by one million..... because anything multiply by zero is equal to zero, right?

Alright. Thank you very much

Ginalex:
@ the bolded yes. For your second question, figures in bracket means the figures are negative

I am very grateful. Thank you

ernie4life:
Bracket means its a negative amount and N,M means multiply by 6 zeros

Thank you very much

Please 🙏, this N'M means the figures is to be multiply by 6 zeros right? Or what is the appropriate interpretation of the N'M

Secondly, why are some figures on the sheet written in brackets. Thanks

KarlTom:
DCS option is for payment to your bank account (which you already provided).

Read more here:
https://portal.cscs.ng/documents/1174203/FAQs%20on%20Direct%20Cash%20Settlement%20(Revised).pdf

Alright. Thank you.
Cash account was selected. Thanks for your help

Prolificlife:
Pls do not go for direct cash settlement, because every time you sell, fund would be credited to your bank account after three working days, meanwhile, before they credit your account, you will not be able to utilize the proceeds

Alright. Thank you very much

yMcy56:
DONT select "Direct Cash Settlement" pls

Direct Cash Settlement (DCS) means each time you sell, your fund goes to CSCS for settlement into your BANK account after T+3 days, you'll then have to keep transferring it back into your portfolio, which has lots of stress and disadvantages attached to it.

Thank you very much. The customer care representative also advise I don't select Direct Cash Settlement, so I picked Cash account

ExcessKJ:
Good afternoon, everyone

Please, I am trying to open an individual account with Morgan capital, but the last part shows which account I preferred between cash account or direct cash settlement.

Please, which is more appropriate to select. Thanks

This has been solved. Cash account was later selected

Good afternoon, everyone

Please, I am trying to open an individual account with Morgan capital, but the last part shows which account I preferred between cash account or direct cash settlement.

Please, which is more appropriate to select. Thanks

Good morning.

As a newbie in the NGX, please which stockbroker should I rely on. I found online Cardinal stone is the best, since they are the most popular. I found out about Morgan capital too. Please, does Cardinal stone or Morgan capital has an app to monitor stocks on NGX?

Good morning. Which online app can be use to monitor stocks on NGX just like Yahoo finance or Google finance. These two doesn't cover NGX. Thank you

The platform serves as a space for discussions, information sharing, and community engagement on a wide range of topics.

The platform serves as a space for discussions, information sharing, and community engagement on a wide range of topics.

The platform serves as a space for discussions, information sharing, and community engagement on a wide range of topics.

Fhaze:
Its not advisable

Thank you

The platform serves as a space for discussions, information sharing, and community engagement on a wide range of topics.