Nelson2020:
Am I the only person who has not received zenith dividend?

Mpeace:
Chai. Dangsugar has recorded its first fall since the suspension of the merger.

emmasoft:


Yes, you will get dividend. Qualification date is 25th of April and closure date is 26th April.

ositadima1:


It is common sense that the capital raise is about enhancing the bank's ability to withstand potential shocks and maintain financial stability, as per the CBN's requirements. This raised money cannot be used for growth and serve as a buffer at the same time.

As a business person who is invested in a high-risk business, if you set aside some money to support your business in bad times, would you then go and use that money to try to make more gains? Does that make sense to you?

ositadima1:


It is common sense that the capital raise is about enhancing the bank's ability to withstand potential shocks and maintain financial stability, as per the CBN's requirements. This raised money cannot be used for growth and serve as a buffer at the same time.

As a business person who is invested in a high-risk business, if you set aside some money to support your business in bad times, would you then go and use that money to try to make more gains? Does that make sense to you?

yMcy56:

Na result be this o.
Honestly, this stock/bond is good for long termers......
Dividend distribution is quarterly!

** First quarter distribution: N4.23k
Qualification Date: April 12, 2024
Payment Date: April 19, 2024

https://doclib.ngxgroup.com/Financial_NewsDocs/NIDF_Announcement_-_Q1_2024_Corporate_Action.pdf

https://doclib.ngxgroup.com/Financial_NewsDocs/40853_NIGERIA_INFRASTRUCTURE_DEBT_FUND-_QUARTER_1_-_FINANCIAL_STATEMENT_FOR_2024_FINANCIAL_STATEMENTS_APRIL_2024.pdf

yMcy56:

It could be FPIs activities (FPI - Foreign Portfolio Investors)
The type of funds entering the stocks are massive
ZENITH and GTCO are parts of their favourites stocks.....lol.
* Also, the dollar gangs may be taking position as $$ is depreciating against Naira

ACCESS may likely still respond too, especially if the positive momentum in the sector continues......and once others starts declaring their dividends as well.

Note that this is what I thought could cause it, it may be right or wrong....

GT, ZEE, UBA and ACCESS: Each has over N1bn in transactions so far....

yMcy56:
GTCO @51.40!!
This one just dey vex anyhow

yMcy56:
GTCO now @49.50!
ZENITH @40.45!
FBNH @38
UBA @27.70
ACCESS @23.90
The kind of funds picking these up though!

** Not any form of buy or sell advice**

yMcy56:

Don't be in haste, opportunities will still come...

The only issue is recognizing or aligning with it when you see it....... neither can be patient for it.

MTNN was mentioned here recently at bargain junction but many couldn't recognize it when it presented itself.

yMcy56:

International Energy Insurance is not new, you're the new one here.

I think it's result that will determine the ones at bargain or not around this time.....and, the TA experts, this is to avoid catching falling knives.

Some are getting battered already (GUINNESS, NB), recovery not fully in sight yet.

Another HIGH RISK ones that I can mention are not NSEMPA friendly.

You should have risk First Bank since when we've been shouting it here. Think I hammered it when it was trading @16 too
* Another one to risk: TRANSPOWER

yMcy56:
Who provoked GT and ZEE towards COB?
GT closed @48.45!
Up with +10% ....gained +N4.40

ZEE closed @39.70!!
Gained +N1.20

FBNH closed @37!!

Elephant pursuing ZEE

iHaveMadeiT2:

Bottom price seekers saw it but rather than dive in, they were waiting for bigger bottom.

This year's dividend payments may be chop and clean mouth, meaning prices may recover a day or two after mark down. Watch out