₦airaland Forum

Ding!

chillykelly86:
Make I run my run in peace. As you don carry engineering come. Before you go begin apply Laplace transforms on top the matter, make I shift.

GTCO AGM May 9, 2024

Closure of Register. April 29, 2024
Dividend payment. May 9, 2024

That the issued share capital of the Company be and is hereby increased from ₦14,715,589,612.00 to ₦22,215,589,612.00

https://doclib.ngxgroup.com/Financial_NewsDocs/40890_GUARANTY_TRUST_HOLDING_COMPANY_PLC-_NOTICES_OF_ANNUAL_GENERAL_MEETING_(AGM)_-__ANNUAL_GENERAL_MEETING_(AGM)_APRIL_2024.pdf

TRANSCORP is the main GenCo and holds a 60% stake of AEDC (which has the second highest number of metered customers)...

yMcy56:
How will it not increase the income of the Discos?
Also remember that TRANSCORP is both DISCO and GENCO

Ding!

I think GTCO is more prudent in the management of their resources (or maybe they are stingy )

GTCO spent 45.097bn on employees while Zenith spent 124.415bn.
The bolded is also a factor... Zenith. 393 branches and GTCO. 235 branches.

Thanks for the input...

BabsO2:
Zenith has more expenses than GT. Zenith reported 8,165 employees, while GT reported 5,487 employees.
Perhaps due to more branch network.

You just echoed my thoughts.

I've spent a couple of hours perusing the AFS of both Coys and the more I look, the less I seem to understand.

Some differing metrics:
Net interest income GTHC 436.6bn Zenith 736.1bn
PAT GTHC 539.6bn Zenith 676.9bn

Can anyone she'd come light on this?

Thank you

Mpeace:
I wonder why gtb sells higher than zenith. Forget about the whole OS thing.

Zenith 1.18 TN

Ibrahim505:
Retained earnings of Tier 1 banks in 🇳🇬 based on latest filings
Zenith N1.8 trillion
UBA N918.8 billion
Access N715 billion
First Bank N609 billion
GT N580 billion
© Olamide Adesina

Ding!!

Ding!

If you mean the proposed DIV, it's 50k.

Anyway let's wait for the corporate action/disclosure...

Zagee:
Is it a 0.5 or 0.3. I've seen numbers today I'm beginning to get confused!! Epp Me..

SonofElElyonRet:
Dangote should do quick and list his refinery and fertiliser companies...
NNPC too should do quick and list.. after I buy those 3, I take a break and hold my portfolio mid to long term.. at least till end of Tinubu's second term.. God spare his life

See Wema o
Very impressive!

https://doclib.ngxgroup.com/Financial_NewsDocs/40841_WEMA_BANK_PLC.-_QUARTER_5_-_FINANCIAL_STATEMENT_FOR_2023_FINANCIAL_STATEMENTS_APRIL_2024.pdf

Ding!

NB Rights Issue loading...

https://doclib.ngxgroup.com/Financial_NewsDocs/40821_NIGERIAN_BREWERIES_PLC.-_NOTICES_OF_ANNUAL_GENERAL_MEETING_(AGM)_-__ANNUAL_GENERAL_MEETING_(AGM)_APRIL_2024.pdf

BREAKING

NERC Approves N225/KwH Tariff Hike For Electricity Consumers

Only 15% of consumers affected

The Nigerian Electricity Regulatory Commission (NERC) has approved an increase of 300 per cent electricity tariff for Band A consumers in the country.

Accordingly, power distribution companies (DisCos) will be allowed to raise electricity prices to N225 ($0.15) per kilowatt-hour from N68 for urban consumers this month effectively from April 1, 2024.

Vice chairman of NERC, Musiliu Oseni, who made this announcement in Abuja, however, clarified that the rate increase will only affect 15 per cent of the electricity customers in the country.

Oseni also revealed that these customers, who represent 15 per cent of the population, also consume 40 per cent of the nation’s electricity.

Details Later…

Source:
leadership.ng

Hogwarthtrades:
Apologies for the distraction!! I will not do that again Sir/Madam.

Ding!

Plenty movement... Exercise CAUTION!

Ding!!!

Read the CBN circular again and noticed this key date.
I think a lot will be clearer by then...

Some people hype stocks because they want to cash out.
Others do so because they have privy information.
Others just want to say something to be relevant...

At the end of the day, each of us is the MD of his/her portfolio and should do your due diligence because when/if it goes south, every mallam will hold his kettle...

Deadlytruth:
I kept on finding the hype it receives here difficult to understand.

QED

Agbalowomeri:
That they haven't doesn't mean they can't na. So it will always be "proposed" until approved by shareholders

Just like a thief is called suspect until the judge pronounces judgement....

essentialone:
Why do companies use the word 'Proposed dividend, instead of Declared dividend'?

Can shareholders actually cancel, increase, or reduce the dividend declared, during the AGM?

Or is the word Proposed used just as a form of jamboree formality?

I believe that they are correct in using 80million units instead of 7.5billion.

The AFS was for 2023 and the listing (of additional 7.42b) happened in 2024.

That's the only way I see sense to the figures...

emmanuelewumi:
Transcorp Power had about 80 million shares before listing, bonus shares given to pioneer shareholders increased the shares to 7.5 billion.


But the company decided to use 80 million shares for their EPS calculation instead of 7.5 billion which is the current outstanding shares of the company

Mpeace:
Transcorp hotel of 97, paying dividend of only 20kobo.

This is serious o

Boshins:
https://nairametrics.com/2024/03/29/cbn-law-enforcement-agencies-to-monitor-banks-in-nigeria-for-illicit-financing-of-recapitalization/
No be small thing....

defebe:
And person no fit sell...

iHaveMadeiT2:
Dangote sugar and salt don show person pepper

Ding!

The BDC game is something Mr Y. Cardoso is very familiar with.
He has displayed tact and acumen in handling the DD-SS connection.
Now that the market is flooded with USD, the price has to come down to reflect economic realities...

Next focus for the govt should be stopping reducing oil theft and government borrowings then we are good

emmanuelewumi:
Check on your "dollar gang friends"

Excellent profit margin y-o-y largely due to FVTOCI.
Similar to FBNH (FVTPL)...

yMcy56:
UCAP is here!

https://doclib.ngxgroup.com/Financial_NewsDocs/40624_UNITED_CAPITAL_PLC-_QUARTER_5_-_FINANCIAL_STATEMENT_FOR_2023_FINANCIAL_STATEMENTS_MARCH_2024.pdf