₦airaland Forum

Mpeace:
Voice of rumour has it that Fola Adeola, founder Gtb is set to be name finance minister. Hmmm

Off target 😌

debeey87:
Over 230m units of access traded so far. Money de sha

Access Bank has no business trading lower than FBNH.

customstreet:
EllahLakes has even been there before Okomuoil and Presco. They were formally in fishing business before this new investor called CBO took over them

Very soon, they will be coming out with a right issue of 1,000,000,000 units @ N2.90

I spoke with the financial adviser and the company MD and they both confirmed this.

EllahLakes and Onwuka Hitech were contemporary🙄

veecovee:
I don't know why I'm suspecting a positive surprise from CUTIX. Please you guys should help me on TA, FA, SA and Corruption Analysis of this stock. I don't want to regret my action later. When are they likely going to release their 2023 audited statement pls?

Cc @currenrprice, OGG etc

Visit their website and go through the quarterly reports for the 2023 financial year ending April 30 and compare with prior year. Check the cash and retained earnings. You will get the answer to your query.

yMcy56:
Any link to this pls?

When OGG kept mentioning it I had to do some digging. I hope I can still find some of the materials I stumbled upon. The Financials are nothing to write about at the moment but it doesn't stop speculators driving up the price. I may take a look at it again in another 6 months or thereabouts but there are better options for my money at the moment. It is a long term play (minimum of 5 years, given the dynamics of biological assets).

ositadima1:
ELLAHLAKES has been listed on the NGX for 3 or 4 years without generating any revenue. I didn't even know it was possible to list a company that is not generating revenue. They are involved in cassava and palm oil, and this penny stock looks like it could 5x in value once they start generating profits. But until then...

Ellahlakes is not new entity on the NGX. It was as old as the exchange itself. It only got new funds injection with new management. It requires some patience before the benefits of the new effort and funds injection will start yielding the expected results.

veecovee:
Oh! I don't think CUTIX has declared any dividend this year. Or am I wrong

It was described as Cutix 31 from EDC Registrars. I received it on June 22 (just last week) though I have been searching for the FS to no avail.

** seen the unaudited Q4 FS for the period ending April 30.

** the AFS should be released in July

** comparing the quarterly report with 2022 Q on Q indicate commendable improvements

** fingers crossed.

Disclaimer: do your own DD

veecovee:
CUTIX may release their final result next week. What do you have to say about the company, do you foresee the ucap and nahco sudden upward match here?

Cutix? I received some dividend from the company last week, was it not for the March 2023 year end?

The shareholders of Prestige Assurance as extracted from the 2022 AFS

Leadway Assurance owns 6.1% while 78.32% is owned by The New India Assurance Company Ltd. This leaves a supposedly free float of about 15%. With about 85% held by non retail investors, what is the prospect for a serious rally in share price for this sleeping giant? This is not a BUY recommendation but an invitation to share perspectives.

naturalflow:
I never see someone wey do this monkey business more than you!Canada wetin?

CanadaWater underground🎶

CircleOfWilis:
Me I am in sifia pains...Na we be Unity bank bag holders

Not so fast.

Mfunkynation:
pls list them for me.
Thanks

You should be afraid of MH.

Mfunkynation:
Any Update on why Wapic is on full bid

Probably the Access/Coronation cowboys now have it's time. I missed the boat while chasing other interests. There're other good insurance stocks with solid upwards potential. To me at the moment, Universal Insurance is not one of them.

naturalflow:
daarcom about to move tooo?

Daarwhat? Have you read the story about how they catch monkeys and baboons in Brazil?

NewBola:
Please I would like your opinions on University Press at current price in terms of possible price appreciation over the next 1 year. Thank you.

UP plc is a stable income stock but it is not very liquid.

Please any information as to when University Press plc full year FS will be released. Thanks

sgtponzihater1:
I agree. However, we should get to the stage where dividends are paid automatically, not having do any electronic or manual request, just like foreign climes do.

That should be the ultimate.

Olaide1295:
Fair point. I take them as my window to the capital market.
They are not the ones to pay, but they can put systems in place to facilitate payment (Trove does this). It's a service they are rendering, superior services will win the market share.
It is frustrating to have to send email every time for each stock in one's portfolio.

I think it is time for SEC/CSCS to wake up from it's slumber to tackle the issues of unpaid dividend if there is a sincerity of purpose.
1. They need to jettison the idea of paper e-dividend forms. It was innovative when it was adopted a couple of years ago.
2. They should move to electronic portal that all Registrars should mandatorily plug into and investors should supply their details on the portal for the processing of current and any unclaimed dividend.
3. There should be a regular KYC update like every 2 years.

Some individual Registrars like Coronation and CardinalStone already provide this service. However this should not be left at the discretion of Registrars.

This is the way to go except the regulators is in connivance with the erring Registrars.

locodemy:
The 5m units Japaul I sold off was because of the warning.I also sold off sterling bank but thank God I have used the fund which is from the sales to enter IB yesterday at #5.

Your itchy fingers may still not allow you to realise the full potential in IB.

Streetinvestor2:
And you invest in stock market and have bullion van of cash to buy,lwkd.I get the kind pikin I dey follow play for street

A bullion van driven to Customs Street few moons ago will soon require 2 or more additional bullion vans to evacuate the loot. Thereafter, we can all wait for the generational low. It is not called rinse and repeat for nothing.

yMcy56:
ACCESS: closed @14.30 ...... day's high...
FBNH: Closed @14.50......

ACCESS aggressively closing in on FBNH....

Will ACCESS overtake FBNH in coming days?
Only time will tell.......

E Ku Market o.

FBN is Accessible.

ositadima1:
In other news, the high volume of trading in UBA suggests that the bears will be defeated soon and the stock will be allowed to reach its rightful price. I believe that prices of 13 and 14 are possible.

Where will Access Bank be by that time?

ositadima1:
I don't know if I'm seeing this correctly, but NPFMCRFBK, which normally averages about 20 to 10 million naira per month, traded 372.4 million naira only this month. Why is there such a big difference?

They are processing a full banking license.

megawealth01:
Can't happen... Against the law of the land

Which law of the land exactly? All land titles reside with states.

Heishere:
But they are about to ban non-indigenes from owning properties in Lagos.

They can only make it very difficult, they can't stop it. It may be the stimulus for other states to benefit from.

hayyawithme:
If you are still in the market, you are in for a big mess. You had better exit the market before it is too late for you. Generational low is so near your door step. Cash is King. A word is enough.

TinuBULL has not fully taken flight. Wait until he finishes clearing the augean stable at home before facing the international investors. Keep your cash and bring it out after the market is over.

EDUECO:
I remembered when I wanted to claim my outstanding FCMB dividends.

I was asked to fill, sign and send the e-dividend mandate form through my email to the company's email.

This was how I got my outstanding dividends without any stress or delay.

They now have an online portal where you can make your claims.

EDUECO:
What are the other names?

CardinalStone is another very good registrar.

YoungBuffet:
Oil going to$60 bro is a matter of time.

Dont you think that it going to 90 is also a matter of time? Everything is a matter of time.