₦airaland Forum

Mfunkynation:
please what about NPF bonus?

Credited

goldsmithq:
Cant we just have telegram channel where we drop update

You wan mine phone numbers

PZ declares dividend of N1 per share from sale of assets. Although they made a loss

https://doclib.ngxgroup.com/Financial_NewsDocs/36932_P_Z_CUSSONS_NIGERIA_PLC%20_AUDITED_FINANCIAL_STATEMENT_.pdf

Fantastic Q1 result as well

https://doclib.ngxgroup.com/Financial_NewsDocs/36933_P_Z_CUSSONS_NIGERIA_PLC%20_QUARTER_1_%20_FINANCIAL_STATEM.pdf

DrAwo:
Oga mi, Don't be deceived by the EPS...
Look at the result again sir (or ma)...

I am not a finance guy o. Is it good or bad?

Average result from UCAP

https://doclib.ngxgroup.com/Financial_NewsDocs/36921_UNITED_CAPITAL_PLC%20_QUARTER_3_%20_FINANCIAL_STATEMENT_FO.pdf

Frangel:
They had only 10million shares issued then (note 20.2). Now with 2.5billion shares, EPS on that report should be N8.22.

Book value of N60billion. Market value on listing: N250billion. Wow.

I don enter one chance be that

Mpeace:
This resuld dey confuse me oh. 20billion in profit after tax, eps is now over 2thousand for a company with 2.5billion OS.

They increased the OS to 2.5billion during listing

Geregu 2021 financials

https://doclib.ngxgroup.com/Financial_NewsDocs/36876_GEREGU_POWER_PLC%202021_FINANCIAL_STATEMENT_CORPORATE_AC.pdf

Well. The root of the problem is that your husband is sex starved. Man must release otherwise na mental health issue. So, it's either you tackle the root cause or you divorce him or pray his stuff stops working...

Marketapprentic:
I am interested in off market purchase of Japaul plc. I will buy at a premium. Contact me if you have many units. chukwudiikpo906@gmail.com. God bless

what's the 411?

Flush with cash at the moment and looking for what to buy. Market no wan crash again

Payunsin:
I have access to loan facility at 17% / annum and I am tempted to take it and invest it in the stock market.
I have done margin trading in the past that almost bankrupted me, so I am also scared.
Uba and Gtb and Dangote Sugar are on my radar. Need more reccomendations and advise pls

That's high to invest in stock. It will take you at least 2yrs of dividend to pay off the interest. Unless you are banking on quick capital appreciation, which those stocks can't give you at the moment.

What is happening in Jaiz bank?

PZ unaudited financial. I am guessing we will be expecting juicy dividend.

https://doclib.ngxgroup.com/Financial_NewsDocs/36207_P_Z_CUSSONS_NIGERIA_PLC%20_QUARTER_4_FINANCIAL_STATEMEN.pdf

sirrotex:
I am just thinking of the legality of them reversing funds from my account without my consent

It is legal according to CBN guideline on instant payments. They didn't reverse mine although it was paid late.

ositadima1:
Was referring to some of the large Institutional managers holding portfolios of stocks.

These portfolios are setup to match some predefined index weighting (meaning that each constituent stock has a fixed proportion of the whole).

When d portfolios deviate from target, d Institutional investors rebalance the stocks within d portfolio to maintain desired proportions.

His idea or problem was to figure out the rebalancing process - which stocks are bought/sold, by howmuch and when - to use it as predictive signal.

Thanks for the clarification

ImperialCovfefe:
Interesting insights. The issue with this is conflating correlation for predictive signal. These guys and MSCI are mostly passive index guys. Most of their changes comes from rebalancing to reflect the constituent of their primary benchmark index

Too much English baba. Please break it down

DeRuggedProf:
Crypto's grave will grow thick grasses by then...

The grass can't be thicker than 2020 and we survived.

RabbiDoracle:
Can you type cryptos without first writing "CRY" ?

Dem go cry well today.

Those I pity are Nairaland stock veterans like Bigjay01 that sold stocks just to adventure into "cry"ing business.

My oga we are taking some bashing as predicted but my consolation is that the money there is for long term till 2025. Hope there will be a recovery by then?

zippie5:
Please i'm yet to receive GSK dividend. does anyone have a contact i can reach the registrar? the phone number on the website is never answered. Thank you

GTL are a bunch of nitwits. Very incompetent motherfuckers. SEC should come up with capitalization drive for registrars so that a lot of them like Greenwich can disappear. You are on a long thing with those guys.

onegentleguy:
No... actually the price of MACNICHOLS post bonus and dividend markdown should be N1.35 assuming a N3 pre-markdown price.

At 1st glance, the way to know is that a 1.2x multiplier effect on bonus will by implication, result to a 0.8x (80+%) drop-down impact on price. (pre-markdown peg)

Have highlighted these stuffs in time past.
...will just do a recap.
As I said then, use the formula:

1) Mp= Pbm- Dd... where a coy declares a dividend only.

2) Mp =Pbm- [Pbm(Br/Br+1)]... where a coy declares a bonus only.
And

3) Mp= (Pbm- Dd)/(1+Br)... where a coy declares both a bonus and dividend.
Pls pardon me, I initially made a mistake on the formula for the 3rd, but which has now been modified. ...however, the 1st and 2nd remains the same.

Note: Mp is markdown price, Pbm is price before markdown, Br is the bonus ratio while Dd is the dividend declared.
I had proven these formulas back then so those wondering how they were derived might wish to surf through my past post for guidance.

Using the 3rd formula where MACNICHOLS applies...
Bonus ratio Br is 6 for 5 or 6/5
Dividend Dd is 0.03k
Now if we assume a Pre Markdown price of N3, then Pbm= 3... Hence Markdown price, Mp= (3- 0.03)/(1÷6/5)= (2.97)÷(11/5)
In math, 1/v÷y is equal to 1x y/v (the Rule of DDoN)... So (2.97)÷(11/5) is the same as 2.97x5/11.
Hence Mp= 2.97x5/11= 14.85/11= 1.35.
This is the ACCURATE estimate!

In this instance, there'll be no need for an approximate or round off figure to the Mark down price since the company MACNICHOLS is a Penny stock tradable within the said peg of N1.35.
Depending on the coys pre-markdown price, Mp peg can always be computed using this guide.

Hope it's clear now.

Btw, for those who sent me Pms and messages asking what I'd do if I hold the coy (MACNICHOLS)...
Well, it depends on why you bought a stake in the company. ...was it with an INTENT to trade or invest?
While there are few positives looking at the coys last spate of FPs, I'd prefer to exit before Markdown.

A food for thought; Think of what the part in italics above can do to what in the short term, could've been due to you as a shareholder.
But then again, the company may have decided on this part for good reason. (that will be a discussion for another day)

CAVEAT: Pls read through my signature below.

Regards
#MODIFIED

Thanks a lot. Let me bookmark this post for future reference.

yMcy56:
It depends on the closing price as at 30/06/22.

Let's say it closed @N3 for instance, then:
Bonus markdown: 6÷5 x 3 = 3.6 ÷2 =1.8
So, the opening price by July 1st will be N1.80k

**Factoring in the 0.03k dividend will be : 1.80 minus 0.03 = N1.77k**

If the closing price is more than that, then expect opening price higher than N1.8 ........ following the calculation above.

** Hope this my calculation is correct: make I check again:
3÷2 =1.5.......Opening price should be less than 1.5 I think.....

Lol. I don't know which one is correct now. But the coco be say it will be between 1.5 and 1.8 if the closing price is N3. Thanks.

yMcy56:
DIVIDEND QUALIFICATION DATES IN JUNE 2022
1. DANGSUGAR: N1 ..........01/06/22
2. ECOBANK: $0.0016........03/06/22
3. SKYWAY: 0.0165............03/06/22
4. UACN: 0.65k .................07/06/22
5. COURTVILLE: 0.04k............09/06/22
6. CAP PLC:. N1.25 ...............11/06/22
7. BETAGLASS: N1.10 + 1:5 Bonus......... 10/06/22
8. MCNICHOLS: 0.03k + 6:5 Bonus...........30/06/22


** DANGCEM and CONOIL marked down today 31/05/22 for N20.00 and N2.50k Dividends**

Pls what would be the price of MCNICHOLS after markdown?

dharpzee:
Yes, came in on friday 27th May

Thanks.

Pls has anyone received Glaxosmithe dividend?

FBNH result. 35kobo dividend

https://doclib.ngxgroup.com/Financial_NewsDocs/36072_FBN_HOLDINGS_PLC%20_AUDITED_FINANCIAL_STATEMENT_FOR_2021.pdf

ololufemi:
The PFC business was a forced one because of the acquisition of Diamond Bank PLC and its subsidiaries. Also, that PFC business is not a cash cow like the PFA business. Access PLC used to be a shareholder in Stanbic IBTC PFA but had to sell their shares as a result of the acquisition.

The PFA business is like an organization printing money. You earn an administrative fee of NGR100 per month per account, earn a management fee as well as an incentive fee for significant growth in your assets under management. Imagine how much they will earn with the appreciation the market has witnessed year to date.

If you have a million customers, the administrative fee will be NGR300 million a quarter and NGR1.2 Billion a year for administrative expenses which are exclusive of your management and incentive fees.

The fees are shared between PFAs, PFCs and PENCOM. The fee is N100 per remittance and management fee.

Wapgod:
How is it good news?
If the business is so good why sell it?
There was no reason given for the sale to shareholders.
Maybe Access bank insiders can shed a light on this?

They purchased the PFC not PFA, which is good as they are only 4 in the country. With the purchase it will be 3 now as they will merge it First Pension Custodian. They only house pension funds for PFAs and earn fees from it. So the more funds the more fees...

sellydion:
Friend where do you do your borrowing and with what collateral?

Lol. My brother I have high credit worthiness

emmanuelewumi:
Banks dont accept shares as collateral, they prefer FGN bonds

The advantage of what you do for a living...

sellydion:
The best that could happen is not to borrow on margin, if done and a brutal bear market starts your broker would not be smiling.

If you can fund repayments through salaries, rents or dividend that is good.

Correct, which is why I don't borrow from stock brokers.

Plus10:
Nice Sir,before collecting the loan,did you plan paying it based on the dividend that would be received from the stock or on price appreciation?

Dividend, salary & other income. Never price appreciation.