₦airaland Forum

Name it, let's buy on your behalf...

Mpeace:
This NSE sef. One stock wey I dey time since their q1. That stock has been relatively available and pple have ignored it. This small bull na him them come line up for the stock.
Abeg oh make una wait make my money land before una move the stock beyond reach.

EDUECO:
I'm having the same issue with Afriprudential Registrars!

I have sold 99 % of my stocks for more than 5 years, but my outstanding dividends have not been paid.

Does anyone have insider information on Dangote Rice?

Transcorp DIV

No vex...

Raider76:
You were 6 seconds late today.

Honestly

Princkez:
If FBNH had paid #2+ dividend with this q1 eps of #5+...the stock could have been on serious bid..

Ding!

If true, it might be a cunning way to delist (without going through the court ordered meeting shenanigans) but it's a very bad precedent for other Nigerian firms...

sky2891:
Please how true is this?

Seems the RI is only available OTC...

Omooloriredade:
Yes, you can if there are sellers. Last time I checked on the OTC there were bids at 0.34 but no sellers. Pretty sure there are investors who won't be taking up their rights but who won't bother selling either. This is either because there's not much money to be made from selling them or because they don't know how to go about it.

Please note that you are buying the RIGHT to acquire the shares of the company. You'd still need to pay for those shares at the price indicated on their prospectus.

chillykelly86:
Just to play the devil's advocate: what if they were compelled by CBN to reduce dividend payout, judging by the delay in releasing their results?

PS: I only have 1 unit of FBNH at the moment for e-dividend and monitoring purposes. Not any form of recommendation.

Yes you can IF the RI ticker is available (it is not currently listed so you might have to wait)...
Someone said that you can contact the registrar to indicate interest...

Mfunkynation:
Can someone buy RI on NGX during trading hours?

YH

Ginalex:
Wetin do am? the trade volumes ?

ACCESS

+234 811 519 0510
info@morgancapitalgroup.com

Thank you.

The bolded is what I needed clarification on. Though I am not really clear about how to show interest since all remaining shares will be cancelled.

Omooloriredade:
You can literally trade your rights. The "rights" tickers you see on the secondary market are the rights of shareholders who elected to sell instead of buying more shares. You can buy the rights and pay for the shares. You don't have to wait till offer closes and NO, buyers of rights are not given any preference. It is their RIGHT to acquire the shares by paying the offer price. Any rights not taken up by shareholders can be placed with investors who may be interested.

Ding!

Actually they do...

SonofElElyonRet:
Last momth I filled at least 4 e dividend mandare forms and sent by email to registrars without bankers confirmation and they were treated. In this day and age of bvn and nin I don't think any registrar still requires bankers signature confirmation

Do you mind shedding more light on the bolded?

I know that you can decline to take up the rights but I don't know if it is possible to trade rights. Except you are referring to you exercising your rights then transferring to them later.
Fact is that anyone can register their interest in the RI by simply paying a base fee for the number of units needed using the provided ticker like RRINTBREW24 or RR24INTBREW.
Such individuals will be given preference when the offer closes and some units were not taken by current shareholders...

Streetinvestor2:
Oga OGG ,If your clients are interested. I get rights to trade

@ Jadyclem

If you're opening a joint or corporate brokerage account, you need to submit a Bankers Confirmation of Signatories. It costs between ₦500 and ₦1000.

Go to any branch of your bank to get it...

Streetinvestor2:
I don't know why they are asking for it.You get that from your bank and you pay for it.It is confirmation of your signature
It is called signature specimen

Firstly, I suggest you reply the email you received and ask for more clarification.

Their explanation will shed some light..

jadyclem:
Please chairmen in the house, I'm trying to switch from trove app to a real stock broker (Morgan capital), but they're asking for one document I don't understand...

Please, which document is called signature document?

Am I suppose to sign my signature on a piece of paper, snap and upload?

Please, can someone that has successfully registered with Morgan capital let me know the type of document that's signature document?

Thanks in anticipation of your response

CORPORATE ANNOUNCEMENTS

FBNH
40k dividend for each 50k share held.
Qualification date: August 13, 2024
Payment date: August 23, 2024

SMART PRODUCTS
8 kobo dividend for each 50k share held.
Qualification date: 21 June, 2024
Payment date: 31 July, 2024

Enjoy. You need it...

Ginalex:
With the kind red wey person see this week, I deserve am abeg

Mfunkynation:
please explain "handful of Units" 😁

KEY AGM RESOLUTIONS

NASCON
The issuance of bonus shares in the proportion of 1 new ordinary share of 50 kobo for
every 50 existing ordinary shares of 50 kobo was approved.

CHAMPION
“That 559,249,714 unallocated and unissued ordinary shares of 0.50 kobo each in the authorized share capital of the Company be and are hereby allotted to shareholders whose names appear in the Register of Members of the Company as at the close of business on May 10, 2024, based on a ratio of one (1) ordinary share for every seven (7) ordinary shares held..."

NCR
...

It has not been disclosed...

Bukkydudu:
Please when is the payment date?

Ding!!!

Yh.

leparj:
360k is three hundred and sixty thousand naira.
That is what he meant.

Really disappointed with FBNH.

He has 1m units. That's a div payout of 360 thousand

Honestly, the signs didn't point to anything less than the 50k paid last year...

onegentleguy:
Sure you meant 36k. Because 360k is the equivalent of N3.6
FBNH's financial performance was slightly above par but they didn't do well in div payout.
Not surprised though. The signs were there in her 2023 quarterly reports, hence my bold assertion that folks should not expect much from the bank.

Btw, all this pent-up analysis on INTBREW.
No point talking more about that coy. Enough said.
Everyone should silently do their thing.

Selah

The wait was not worth it...

A paltry 360k after wht

stcool:
This week presented an opportunity for me to round up my FBNH to 1M units.

Na to wait for dividend now

Let's see what tomorrow holds...

KayOn1:
UBA @19, FCMB @6.20 even though I know say that one na fluke, ...
You sure say e no dey attractive enough to bring the UBA dividend reinvest?

Do your DD o.

Diing