₦airaland Forum

fxuser:
Reporting sir

Yay, missed you a lot

rebekah2011:
The workers union is totally irresponsible to expect that their members would be paid as if all is normal. I do not like why it is difficult for companies to inform the market on the steps they have taken to remain afloat during this pandemic. It cannot be business as usual.

Oga calm down, it's irresponsible of management in my own opinion to slash workers salary this period except u r a govt employee.....I have no sympathy for govt staffs

Let's all try to criticize or commend the message and not the messenger.............There are lots of great minds here...Its wise that for all the Good analysis out there on UACN,at least we also are seeing why we all should thread with caution here too..............Whatever comes out of the UACN stew that's cooking, "Lets us all resist the urge to say I told you so or I warned you", when the dish is served........... It's the risk we all take @ investing

Uchetoba:
If Chief Agba could do 100 % UACN then I am ready to do 2000% UACN.

Talking of Agba, I miss his jibes o, he has this way of calming the house down when it has heated up....... Where dem run go now

RabbiDoracle:
They are all OK.

I discussed with them lately.

please tell them to come back @ least I can take solace at the fact that I see their names below on people currently viewing the thread

I kindly ask where is fxuser, where is current price, where is wanjo......... The vacation these guys went on......Abi is there no internet facility there

NSEMPA please o, let's not chase away our veterans ........Current Price is gone, I hardly hear from OGG, wanajo is gone, nearly chased away Rabbi in January.........


I use Jehovah and Allah combined to beg all of us

Let us never forget that The market is just a place where we rate management for their actions, not just corporate management but The country's management............ That's why when I see bargains I dive in fully red blooded and hope for the best......
In recent past,tiger brands/Dangote flour sold as low as 0.80k, but on the announcement of The buy back by Dangote, it ranged #2 to #4, finally Olam acquired Dangotr flour for #23+, No body in his right mind would but Dangote Flour for #20 going by the numbers they churn out during the period ............when Pz sold Ribena to sunti they gave a special dividend of #7, Forte oil sold to Ardova for #60+,Wigwe compensated Diamond holders very well, Calcre cleared Wapcos debt books by buying in @ #44............I as a retail investor can only see thus far, I just pray that being the grass under which two big elephant are fighting, that as they fight they can as well poop very well on me for my nourishment

Going through the Annual Report of Larfarge Africa right now, I can say that Ladi Balogun tried in the turn around of Larfarge in clearance of the debt hanging on their necks, He suggested that Larfage would soon set on a campaign of Production line expansion soonest which I am not really happy with but I love the Fact that The Egyptians who were responsible for the debt clearance through the right issues are firmly on board and I want to believe that they would love to recover their Capital before any form of expansion(last right issue sold for #40+).....It was also hinted that they are facing a hugh price war from competitors who i firmly believe is Dangote majorly and BUA...................... The Annual report bears so much Optimism and @ #11, I still believe the Larfarge is fucking Cheap........ I would like to see the new Policy especially on Dividend that the new CEO Dokani would take...............................








Caveat: This is not a BUY advice O!!!!!!! Just voicing my Opinion

ojesymsym:
Something happened yesterday that I don't understand. I placed a buy order on Morgan to buy 350 units of Dangote cement, the thing went to go and buy just 1 unit. As in they bought 1 unit at 143.4 naira for me. What could have been the cause?

If u received an alert immediately on your buy order stating clearly the details of ur order then it means only 1 unit from ur order was filled rest will probably be credited on monday

question:
Hello friends, can some explain the process to receive e-dividend from zenith bank for a new shareholder with them.
I bought some shares in Feb-2020, before dividend was declared (verified and confirmed). My brokers says that since I already have e-dividend payment process with another bank, that all they need to do is to submit a form I signed to CSCS. That I don’t need to submit anything to Veritas Registrar.

Till today in May-2020, I have not yet received the e-dividend. and no convincing explanation from my brokers.

What could be the problem?

Brother, It is only Veritas that can solve your Problem, Go to Veritas registrar and confirm the problem, They would tell you if you qualified for dividend and what is delaying it....... The brokers job is just to buy and sell on your behalf, The registrars job is Payment of dividend

emmanuelewumi:
The CEO bought additional 12 million units to his initial 900 million units last week

I think the insurance sector is on the verge of hugh profitability, I would like you to comment on Aiico, the current chairman spent the bulk of his career with Dangote Industries and the first thing they have done is to bring in the dreaded INDIAN CEO .........................................................

dinyelutochukwu:
It all depends on your plan.
Mine is to collect the dividend and thereafter transfer my kaya to the long termers.
But 140 is a good buy in my opinion, we expect the stock to trade above 170 by next week.
CAVEAT: this is not a buy/sell recommendation.

Anybody that bought during lockdown us sitting on a handsome pool of profit now........ But I employ u to wait especially GT and Zenith faithfuls, the announcement of interim dividend no matter how small will give it Mario speed to km26 and km31 respectively

OBAGADAFFI:
Trove is good, if you don't have up to 50k to open a Stockbroking account.

Trove also give you access to foreign stock.

But ......

1. Trove is not a Stockbroker, they work with other brokers(ARM).

2. With Trove you don't have a dedicated CSCS number, the broker (ARM) handle the CSCS.

3. Dividends will not be paid directly to you, it will go to the brokers account and the broker will share the dividends to everyone.

4. Your name is not on any company registrars .If you buy UBA stock on Trove, it is the brokers name that will be on the UBA registrars (Afriprud)

If you have 50K, I will advise you get a proper broker with your CSCS number.

My Brother, thumbs up, Newbies should know that the name of this game is >THE DEVIL IS IN THE DETAILS|<........................

Its wise never to be in such a haste to collect your Profit .................. Learn the game by paying apt attention when veterans are recounting the Scars they have gotten from the Game.........

Im not discrediting Trove, its a good starting point but when you get serious with the game, you will know you need sharper tools....






LEARN LEARN AND NEVER STOP LEARNING

jideflash:
Meritrade mobile website can cause big loss. You put price limit you want, but the market price option will still show up, except you change it to limit. If you no look well, you make very costly trade loss. Chai, I don suffer big loss today.

if u keep using that app one day You will buy Aboselhyde thinking u bought Access..... I no do mobile apps again for trading

Amhappy:
For all the children not to be his then its clear that this man was sterile. To protect his ego wife has to go and get pregnant elsewhere to save his name and keep his lineage. This was very common in the 80s. Mother in law will even threaten her if she exposes her son to ridicule by telling the truth. Thus the man may not know.
These days most wives will not agree to that pact at least not with husbands consent. I have a friend with such experience. She walked out of the marriage when MIL proposed she get pregnant for another man for her son. May God bless families seeking for the fruit of the womb.

For everything we say, we should know that there are a million and one thing that could be implied..... God knows how much this man is suffering to protect a stupid ego, you need not say much but I can tell you that It is better being ridiculed as childless than being rediculed fathering another mans child in this society

It would really be unkind of mother nature not to leave men with tools to detect this fraud.....Truth be said I can only do a dna test if i were battling paternity with my brother or near coursin...... I still enter my village and people are wowed at how I replicate my dad and grand dad in their youth, even behaviourally they way we react get people saying stuffs like "dem dem na their way"........



As a man a woman can only fool you on the paternity of a child the 9 months the child is hidden in her body........After 9 month the half gene you contributed would start manifesting, trust Nature Garbage in Garbage out.........I cant sow maize and reap beans, its only human magicians that expect that

bigjay01:
AIICO update!
http://www.nse.com.ng/Financial_NewsDocs/29943_AIICO_INSURANCE_PLC._CORPORATE_ACTIONS_MAY_2020.pdf

Dividend - 0k/share
Bonus - 1 for 5

Audio earnings,Management use style dilute owners equity, I know they will soon be in d market for funds, even 1k they did not give back....aiico will definitely sub 40k b4 year end

jideflash:
the M.D also bought about 5million units last week as well. the worst is over in fbnh and the board knows it, that why they are confident in putting their own money on the line.

The secretaries for JB and Custodian bought massively

locodemy:
People who want to remain in the market should just focus on health,consumer goods, Agriculture and cement/construction companies.

Banks and other sectors will be neautral for a while.

But I am asked to choose a sector to gamble,I will gladly go for fidson,maybaker and neimeth for now with my reasons.

Most stocks will be on neutral/bearish mode for a while.

Choose your own place to gamble if you must remain in this volatile market caused by covid-19.

I wish all a blissful Sunday and a cautious weeks ahead.

Oga mi forget FIDSON and other pharmaceutical Companies in Nigeria, They dont do R&, and even If they end up producing any drug for COVID 19 it will be after Patents have run out

Abba Kyari is dead OUK is out of prison.........Na so

Coming from the good old days of analogue stockbroking, paying 1.3+% on trades is a no brainer for me, what analogue stockbrokers have done to my life is better imagined......personally I won't mind paying 2% on trades if I'm guaranteed online real time trading.......That said I'm not endorsing high charges

For me Guiness will keep falling and would become ripe for picking when electioneering gongs for the next president becomes loudest...... I kind of understand that the brewery industry as a whole is paying what economist term Sin tax, coupled with the fact that rumors has it that Peter Obi is the henchman of International Brewery............."hmmmmm sorry for blowing the political trumpet "................

Covid-19 is dealing a hard blow on major businesses, I just saw a major transporter listed on the exchange using their interstate vehicles to convey staffs of various companies back home.......Left me wondering the most important rule of public corporations "When Business is good It's very good but when Business goes bad it Stinks"...


To think they went a whole month without sales.......Gush I feel for them

maishai:
Source: https://dailypost.ng/2020/05/04/breaking-buhari-govt-receives-312m-abacha-loot-from-us/

Attorney-General of the Federation and Minister of Justice, Abubakar Malami, has announced that the Nigerian government on Monday received $311,797,866 of the Abacha loot.

The money was repatriated from the United States and the Bailiwick of Jersey after a recent agreement.

Malami, in a statement by his Spokesman, Umar Gwandu, said the amount increased from over $308 million two months ago to $311 million because of the interest that accrued.

He noted that the litigation process for the return of these assets titled “Abacha III” commenced in 2014, while the diplomatic process that culminated into the signing of the Asset Return Agreement in February.

“This Agreement is based on international law and cooperation measures that sets out the procedures for the repatriation, transfer, disposition and management of the assets.

In line with the 2020 Asset Return Agreement, the fund has been transferred to a Central Bank of Nigeria Asset Recovery designated account and would be paid to the National Sovereign Investment Authority (NSIA) within the next fourteen days.

“The NSIA is responsible for the management and execution of the projects to which the funds will be applied,” the Minister has said.

Malami said the money will be used to fund projects including Lagos – Ibadan Expressway, Abuja – Kano Road, and the Second Niger Bridge.

To ensure transparent management of the returned assets, the Nigerian government promised to, “engage a Civil Society Organisation, who has combined expertise in substantial infrastructure projects, civil engineering, anti-corruption compliance, anti-human trafficking compliance, and procurement to provide additional monitoring and oversight.”

How Can we as NSEMPA also benefit from this WindFall

Source: https://dailypost.ng/2020/05/04/breaking-buhari-govt-receives-312m-abacha-loot-from-us/

Attorney-General of the Federation and Minister of Justice, Abubakar Malami, has announced that the Nigerian government on Monday received $311,797,866 of the Abacha loot.

The money was repatriated from the United States and the Bailiwick of Jersey after a recent agreement.

Malami, in a statement by his Spokesman, Umar Gwandu, said the amount increased from over $308 million two months ago to $311 million because of the interest that accrued.

He noted that the litigation process for the return of these assets titled “Abacha III” commenced in 2014, while the diplomatic process that culminated into the signing of the Asset Return Agreement in February.

“This Agreement is based on international law and cooperation measures that sets out the procedures for the repatriation, transfer, disposition and management of the assets.

In line with the 2020 Asset Return Agreement, the fund has been transferred to a Central Bank of Nigeria Asset Recovery designated account and would be paid to the National Sovereign Investment Authority (NSIA) within the next fourteen days.

“The NSIA is responsible for the management and execution of the projects to which the funds will be applied,” the Minister has said.

Malami said the money will be used to fund projects including Lagos – Ibadan Expressway, Abuja – Kano Road, and the Second Niger Bridge.

To ensure transparent management of the returned assets, the Nigerian government promised to, “engage a Civil Society Organisation, who has combined expertise in substantial infrastructure projects, civil engineering, anti-corruption compliance, anti-human trafficking compliance, and procurement to provide additional monitoring and oversight.”

Rumor has it that FBNH is finalising the acquisition of Polaris Bank....... How true ?

Mpeace:
Long overdue. I once visited Unizik in Awka anambra state, an found it hard to understand why access bank would operate two branches in the same university, with both branches separated only by one building(less than a plot of land from each other) they need to close some branches.

This is one thing I dont like about all this consolidation, with the habit of our banks concentrating at a particular spot in a street, u can imagine when zenith and union bank merges the job loss that would be on the horizon........ I kind of love the Japanese system,"very though to get employed in Japan but once employed its for life".....

When u wear Lagos Logo branded face mask, then u know u are dealing with audio corona

PETERiCHY:
UACN Q1 2020 is OUT

http://www.nse.com.ng/Financial_NewsDocs/29870_U_A_C_N__OF_NIGERIA_PLC._CORPORATE_ACTIONS_MAY_2020.pdf

http://www.nse.com.ng/Financial_NewsDocs/29869_U_A_C_N__OF_NIGERIA_PLC._FINANCIAL_STATEMENTS_MAY_2020.pdf

BARGAIN HUNTERS TAKE NOTE!

They are taking profit now on discontinued operations.......Come year end they will now decide it's a loss.......I would really love to know when discontinued operations will be off their books

emmanuelewumi:
N76 billion personnel expenses while total dividend to shareholders is about N22 billion is not sustainable.


Access Bank personnel expenses is higher than that of GTB,. but GTB made twice the profit of Access Bank

.

Access Bank management should cut their frequent travels to INSEAD in France , though I know this Covid 19 Gives them no choice, I hope it's not this that would pass for open savings

RichEstate:
Pa Emma, Mcy and other senior colleagues, please can you give me contrary opinion to the attached projection.

The focus is majorly on dividend plough back. The end result might be different but is it worth trying?

Theory and reality are two different things................... Total alone has defaulted and will default till the end of this administration ........ You dont know tomorrow and all is risk.................... You could make ur total inocme alone in 3 months on just one stocl