₦airaland Forum

MssRose:
Thank you sir. God bless

This one na sirzone

PETERiCHY:
Who still buy

1) Private Placement.

2)Initial Public Offer,

3)Public Offer and

4)Right Offer

It will surely end in PREMIUM TEARS :'

BARGAIN HUNTERS TAKE NOTE!

Jaiz bank offering a private placement of N10Billion

http://www.nse.com.ng/Financial_NewsDocs/31510_JAIZ_BANK_PLC-_NOTICES_OF_EXTRA-ORDINARY_GENERAL_MEETI.pdf

This one Julius Berger is diversifying to agriculture, are they going to buy any of the quoted companies in agriculture business?

emmanuelewumi:
Spend part of it on yourself and reinvest the rest. It is money made while sleeping and it is sweet when you spend part on yourself.

I have already reinvested my GTB, Zenith and UBA dividends

emmanuelewumi:
Please go to Domino's, meals bought with your dividends taste better. Remember to go with your wife and children

If the dividend is up to 40k and above,just buy a bag of 50kg rice, 20 litre of groundnut oil and tell your children that it is courtesy of Zenith bank

Lol. For some of us that don't have kids nko and the money is more than that, what should we do?

Audacius:
On the issue of frustration by registrars, maybe this experience might help some persons:

I once had quite a number of pending e-dividend requests and was frustrated after multiple submission of applications to my bank, and DHL of requested documents to my stockbroker.

I recall I had to go update my ID document at my bank and a customer care staff observed that the order of my name on the ID document was different from that on my BVN, hence the bank account. BVN was done at an e-branch of the same bank and the mistake was made. I had observed it on my ATM card but didn't think much of it.

Someone I consulted told me that, legally, the BVN name order and name order on my ID documents are for different persons. E.g. Adekunle Chukwuma Ciroma is different from Chukwuma Adekunle Ciroma even though it's the same person writing their name differently.

I went through an arduous journey of swearing an affidavit at the court and going to the line up at the notoriously queue-laden, few branches, you-know-which orange bank for the name to be corrected.

After that, the dividends started pouring in. It was a delight actually. You are just on your own doing your thing and a random look at your phone Afriprud has paid all dividends from a particular stock for so many years. Yes, that was when I got my pending dividend from JB's GTL Registrars.

The sad thing is no one told me NAME ORDER was the problem until that chance observation by the bank staff. I think about this possibility as one of the many problems whenever I see news items about the billions of unclaimed dividend and how government is unable to sleep well because of it. I think a feedback system is going to reduce it. Let people know why that form they submitted is not being treated. That should be easy in this digital age.

SUMMARY:
If you are having problems getting your dividends, check if the order of your name on BVN is same as on your ID document. Seems registrars' system will flag it as not to be attended to once name orders don't match.

SUMMARY OF SUMMARY Check the NAME ORDER on your BVN and your ID documents. Do they match?!

Peace!

Thanks for the expose. If they can at least give feedbacks to request problems will be half solved.

rebekah2011:
This one that MD of Bank A has bank accounts in Bank B, C, D and many more.

You can own accounts with other banks. But he is planning to buy shares of a competitor. Besides those MD accounts are most likely audited by regulators.

DexterousOne:
Frustrate in what way please?
Let me know whether I will dump my holdings there

You go grow grey hair before they manage to attend to your request.

DexterousOne:
I beg to disagree

What is the correlation between owning stocks and checking fraud?

Your bonuses and salaries can be channelled towards stocks
It's none of anyones business

That was in response to his question on why employers monitor employee accounts. I can assure you that bank employee' lifestyle is even monitored. Whether you are living above or below your means is checked. Is it salary account that won't be monitored? If the salary account of a bank employee is observed to be fat, it is likely a query will be issued to the owner to explain why he/she is not making use of his/her salary. What funds is he or she using to sustain himself. These are preventive measures often taken by banks to check internal fraud.

It is not bad if his salary is used to buy stocks. But it is unwise to reveal he is buying that of a competitor, hence my advice.

NewBola:
Good day, my ogas.
Please what is your opinion on JB at 15.5. Is there a possibility of it going lower?
Newbie investing for dividend andtrying to decide on good entry point.
Thanks �

Also factor in the fact that their registrar will frustrate you.

thesilentone:
How is that legal? Why would any organisation be interested in where/how their employees spend their salaries?

For banks who wishes to checkmate against internal fraud, it is somehow necessary.

Parker6:
Thanks. Any idea on reliable online stock brokerage companies through which I can purchase these shares?

I use ARM but their fee is high and you have the option of trading foreign stocks, tbills and bonds.

You can try Morgan Capital for lower fee.

rebekah2011:
Unless the fellow is holding a key position where he or she is expected to disclose in fulfilment of the requirement of NSE on insiders dealings. I see no reason why he or she should be bothered.

Yes. but if his bank monitors their salary accounts, they could see where the money is going to, assuming the investment is going to come from his salary.

Parker6:
Hi guys, I'm new to this. Is it legal for a GTB staff to have shares in Zenith Bank?

It is legal. Just that your employer shouldn't know.

dgitrader:
too much emphasis on Access vs UBA here! guys calm down! its doesn't matter whose conviction is more accurate here. the market price will do what it wants eventually.

i have learnt from both sides of your convictions, all i can tell is that both stocks are undervalued presently and the investor's personal time horizon which determine which is best suited.

How do we learn if we tell them to calm down? We should be stoking the fire

onegentleguy:
Good one dear !!
Hello people, meet a fellow who understands the fine lines in a financial print.
...someone who knows that ACCESS is better off than UBA at the moment. H1 result clearly defines those fine lines.

Which was one the reasons I advised for a higher portfolio weighting in ACCESS ahead of UBA. ...a 70/30% or 65/35% funding allocation given the likelihood of a higher return in the former ahead of the latter.
And some dumb a** who can't even interpret an INCOME STATEMENT, which by the way is the most simple part of a company's financial print, was busy arguing "with common sense".

There is nothing some of us will not see on this street.

It is well.

Boss your advice is a good one. But when I calculated the fees involved I decided not to dash my broker that money.

OBAGADAFFI:
Lol, I'm trading my plan o.


Plan your trade and trade your plan.

No be like that na. Sometimes our trade na another person plan. Wetin you see wey I no see?

OBAGADAFFI:
Wow, that is huge.

I know Custodian will manege UPDC well

I have been quietly loading UPDC is i haerd that news.

So it is better to buy UPDC than Custodian?

Mcy56:
Think it's panic selling out of fear by some investors.
The lower it fall, the better the opportunity..........though it fell with just 5kobo on Friday and it's back to the support (4.80) again.

Custodian is a solid company especially when it comes to the efficiency of their management team including their subsidiaries. However, the purchase of UPDC shares is a bold and risky move. Too many competitors in an under-developed sector in a declining economy with pricing suitable only for those above the middle class. I'm yet to see what they saw so it's better to be cautious. Will be waiting for it at N4 junction.

My opinion though.

prof2007:
Dear esteemed NSEMPA members,

see stock recommendations for this week in attached link:

https://www.nairaland.com/6088781/nigerian-stock-exchange-recommendations-week#93425354

Omo this your recommendation that is advising hold for Guinness, sell for GTB and buy for UACN get k-leg o

ositadima1:
I know this is wrong but I am doing it any way cos this is one of d threads with d most decent and reliable people.

Does any one know about yellowcard.io ? A friend told me that I can directly fund my bitcoin account through our local bank transfer and so bypass some questionable middlemen. Is yellowcard legit?

Please I need brief answer, don't want to derail. Thank u.

Yes. They are legit

debeey87:
Someone once mentioned engaging them on Twitter. I did and have received all my dividends though it took weekly engagement throughout the month of July. Find them on Twitter and tweet at them. Response time is faster

Alright. Thanks.

emmasoft:
In most cases the crediting of investors cscs account with bonus shares declared by any company don't happen as with cash dividend which is normally paid on the specified payment date. Bonuses are credited anytime after payment date. The execution of the corporate action is between the registrars of the company, SEC and cscs. So just wait for it. It can be credited anytime.

Alright. There is nothing I can do but wait anyway

Krisuba:
Please when are we expecting the bonus from Julius de Begger? Any news??

I never even see dividend. I don write Greenwich tire.

SlahJoe:
Good morning house, please help a novice, I tried sending my completed share Transfer forms and kept getting this reply "Kindly use a SCANNING MACHINE and not phone scanner to scan the documents to us as the print out of the form cant be processed" how do I go about it?

Use Adobe scanner. It's much more efficient.

What's happening with Custodian? Did they release bad result?

aremso:
instead of u to rush in for DY of 7％ better be buying uba, zenth and ucap

Yeah. That was why I held back. Thanks.

meine:
Waooh Thats massive.

I wanted to rush in but calculated the dividend yield and realized it's just 7%.

onegentleguy:
EPS/EM doesn't tell the whole story.
Great improvement... given where they are coming from, but there are some concerns/worry.
REWARD still ahead of RISK though.
Drive for VALUE intact.

Still a Buy @ current mkt price.

Alright boss

X21:
http://www.nse.com.ng/Financial_NewsDocs/31043_FBN_HOLDINGS_PLC-_QUARTER_2_-_FINANCIAL_STATEMENT_FOR_.pdf

http://www.nse.com.ng/Financial_NewsDocs/31045_WEMA_BANK_PLC.-_QUARTER_2_-_FINANCIAL_STATEMENT_FOR_20.pdf

http://www.nse.com.ng/Financial_NewsDocs/31046_CADBURY_NIGERIA_PLC.-_QUARTER_2_-_FINANCIAL_STATEMENT_.pdf


Covid 19 impact more on Wema

Nice result from FBN. Almost double the EPS

nna777:
In my own opinion, I don't think results for banks will move prices. The only hope for now will be declaration of interim dividend which will result in a limping bull.

Any direction is okay for me sha