₦airaland Forum

ExLaidback:
Ah! I like this option, pls explain more. I mean the dividend warrant pick up. That's the alternative I had in mind I just wasn't sure if it was possible. How would they carry out verification? Is it just your ID required?

If I remember correctly, I think I went with my ID and passport photographs. There were 2 instances. One with APR and the other with Cardinal stone. One of them still required a banker's confirmation, which I processed that same day and collected the warrant. You could also ask your broker to send you a copy of your CSCS stock holding details as backup (it wasn't required of me though).

ExLaidback:
Funny enough I've never gotten dividend via this e-dividend process. It's always been through checks after like 4 months. Frustrating! I submitted my e-div forms/mandate a couple of weeks back for Veritas and First Registrars, just praying they effected it early enough.

I hope both registrars have your signature specimen already, if not, it wouldn't be processed.
Solution is banker's confirmation of signature or transfer form(signature specimen form) processed by your broker through CSCS.

You could also go for dividend warrant pick up. I once did that for my FCMB dividend.

http://www.dailytrust.com.ng/news/business/access-bank-seeks-505m-to-settle-debt/140958.html

Access bank plans to raise 100B

For those concerned, keep your phones close by in anticipation of GTB and Wapic dividends today.

zendi:
Yet people keep making money this year !

Why are you looking for somebody to relieve you of your junk equity assurance load?
Didn't you check its fundamentals b4 you bought them?

Due diligence and fundamentals are not perfect safeguards against the unknown, unforeseen and unforeseeable
contingencies.

The guy offend you before? He is not the one looking to sell.

I need someone to share an opinion on why bids for Transcorp are increasing.

NuttyChoky:
I totally respect your opinions on the NSE & investing but for downstream O&G leave this matter ... ... I can comfortably extrapolate based on this govt. tendencies, other policies and of course the Nigerias populace's aversion to market based economics.

I worked in that space for a bit and I know how tough it is. High turnover, low margins then complicate with over regulation.

I am also VERY sure that you don't have your money in that sector ... you are much too savvy for that.

If the sector is fully liberalized, I will remove all my money from stocks and go and start my own company

Life is too short to stress...

Okay o. I rest my case.

NuttyChoky:
So... I generally ignore the PPPRA allocation quotas and focus on the reality on ground... If you look at the FX utilization reports for most banks (and I have been monitoring those for a bit) you don't see the Oil guys (MRS, ETERNA, TOTAL, MON, FO) featuring for gasoline imports... Kachikwu also said last week that the NNPC was currently the sole importer and that he had approval from the president to increase the crude oil volumes allocated to the SWAP contracts to ensure the country is wet.

Me sha I have talk my own... 2015 was a better year for the downstream oil & gas companies and 2015 was bad

The reports you are referring to were for Q1. You can't extrapolate Q1 to full year 2016. A system that didn't work in Q1, aggravating the fuel scarcity all over the country. That was the reason for the reversal.

NuttyChoky:
Negative Mercy...

I would stay off Oil & Gas downstream stocks at the moment. I have voiced this sentiment earlier.

As at today, NNPC is the sole importer of petroleum products (because of our senseless exchange rate policy & Kachikwu's price modulation) so expect the earnings of downstream companies to be VERY poor in 2016... If you look closely at their 2015 numbers you would see that was the same e.g. remove other income and finance income from Total earnings last year and their performance was terrible...

I believe Forte Oil might be trying to increase their downstream distribution infrastructure but I read some release where they are talking about investing in Upstream assets (I come dey wonder weda their sense complete).

Basically, if they are not raising funds to build a refinery, my hand no dey...

My 2 cents...

This information might not be correct. Second quarter allocation for the NNPC is just 41.74%. Other oil marketing companies including Oando have the rest. Oando is the only listed company of this "others" (I stand to be corrected). So it is not a given that 2016 results will be poor based on your assumption except for other unknown factors.

ufotty2001:
sir, the highest bid price was 1.26k and the lowest offer was 1.10k...

Did you confirm this was the case after 10:00am? I can place a bid at pre-market and cancel it before 10:00am (10:00am - 10:14:59am is dedicated to Market makers only)

If the N1.26k bid was placed by any other investor and he sees that there are much lower offers, the sensible thing to do is to cancel it while you still can. I do that often. Except the N1.26 price was placed by a MM during the window specified above.

Anyway, the reference price for Diamond is N1.15.

ufotty2001:
please house i need ur advice... diamond bank cant go above 1.20k everyday despite that it closes with 1.20k everyday @ full bid ... even the premarket shows offer of 1.26k but immediately the market open it was adjusted back to 1.20k.. please i dont understand this manipulation... why is +5/-5% not working with diamond bank

You need to understand the market rules before you conclude it isn't working. Before the market opened, what were the HIGHEST bid price and LOWEST offer price?

Agbalowomeri:
Instead of the post to be titled; PROFIT WARNING

Wale and his gang wrote; LATE FILING OF RESULTS

And added the main story down down knowing Nigerians no dey read

I think Oando was the front runner for the profit warners. They even warned for 2 subsequent quarters if I am not mistaken. More like FY15 and Q1,16 sef

http://nse.com.ng/Financial_NewsDocs/13137_OANDO_PLC_-_LATE_FILING_ACCOUNTS_CORPORATE_ACTIONS_APRIL_2016.pdf


"NOTIFICATION ON THE RELEASE OF OANDO PLC’s 2015 AUDITED FINANCIAL
STATEMENTS
The Management of Oando PLC would like to advise our valued shareholders, key stakeholders,
and wider investor community that from available indications we are unlikely to complete our
2015 audit and issue our audited accounts on 31 March, 2016, as required by The NSE Rules
(the Rules).
We have worked diligently with our external auditor, Ernst & Young (“EY”) to ensure a swift
conclusion to the audit process. However, after reviewing the financials, EY indicated that the
Accounts may likely need to be referred to the Financial Reporting Council of Nigeria (“FRC”)
pursuant to Rule 5 of the recently publicised FRC Rules. We expect the process to be concluded
on or before 31 May, 2016, however this is dependent on the completion of the external review
process as referred to above.
The company’s management would also like to bring to the attention of its shareholders and
the investor community that the accounts of the company at FYE 2015 will be in line with its Q3
2015 performance. The expected decline is attributable to the industry’s downturn, prevalent
economic headwinds, as well as fiscal and monetary restrictions driven by a challenging
macro environment.
While we are actively restructuring the business to adapt to this difficult period, we are optimistic
and steadfast in our commitment to return to profitability in 2016.
For further information, please contact:
Ainojie ‘Alex’ Irune
Head Corporate Communications
T: +234(1)4484500 Ext 6270
E: airune@oandoplc.com
Yours sincerely,
For: Oando PLC
Ayotola Jagun
Chief Compliance Officer & Company Secretary"

feelamong:
Opec Meeting??

meanwhile Crude oil price is trending down today...

http://www.euroinvestor.com/exchanges/gtis-energy/brent-oil/2327059

The much talked about OPEC meeting to discuss output freeze is later this month (isn't it?) coupled with the slightly positive news from OER.

#Purespeculation

feelamong:
what is the news on OANDO again?

another round of JIJO?

OPEC meeting this April. But I don't know why buyers no dey like cooperate. I wanted the stock to dip below N3.50 before I could JIJO with it.

Disclaimer: Don't try this stunt at home

leo1234:
Those are mean on bringing down NSE.
Its like they are not loaded in livestock. Even without dividend the stock is still flying

You just redefined flying.

Raider76:
https://www.proshareng.com/news/Investors%20NewsBeat/SKYEBANK-Seeks-Four-Week-Extension-to-File-its-2015-Audited-Financial-Statements-/30513

Na wa o. This is suppose to be a negative news nah but all offers cancelled. This market ehn!

Wait for a stock to be marked down, track its descent till the stock starts to build a support price. Zenith is at an advanced stage in this process (looks like it has reversed and it's seeking to establish a support price). WAtch UBA.....looking at a price N2.85-N2.92. Afriprud at N2.28 or less.

These price target might be revised downwards as the market directs.

Disclaimer: I am a Newspaper stand trained analyst

Manonamission:
100m on Livestock. 5% of the issued share capital of the company. We are watching.

"Watching" not "buying". Don't have a single unit.

100m on Livestock. 5% of the issued share capital of the company. We are watching.

goodyr:
what's wrong with zenith

Notin o ji e. Same thing wrong with UBA, Afriprud, GT and what will befall UCAP after markdown. Investors often sell off after qualifying for dividends.

Market trend can reverse anytime though.

OBAGADAFFI:
As an investor FCMB is more profitable than Transcorp.

And returns on investment from FCMB is always better than Transcorp.

Can you make a comparism between the return on investment for Zenith bank and Dangote cement? Mind you, ROI is not the only factor considered.
Understand and respect sectorial attributes. Ever wondered why PE in the financially services sector is always lower than other sectors?

ufotty2001:
brother nothing like mr market fcmb will get to N1 .. @ mkt price of 0.76 fcmb is giving out 10k but the same penny stock transcorp @ 1.20k transcorp will not even give you up to 0.06k ..

They operate in different sectors and the market often considers that.

Based on results released and market trend so far, the bull reaction to FCMB result should fizzle out quickly. Improvement in Q1 results is what this stock needs.
The current price of FCMB is rightly priced. It shouldn't be higher. UBA and Access are much cheaper.

However, I am closely following the "profit warners", FBNH, FCMB, Diamond and Skye.

Disclaimer: I am "newspaper stand" trained analyst.

ufotty2001:
what is all this... all because fcmb! morgan capital no dey open again.... morgan why now! if it is to deduct N2,500 MORGAN will not delay... am not happy oooohhh

Try again. I experienced same but it is up and running now.

stokfrick:
Bros the market has a mind of its own, and can spring surprises!

I agree...just that the surprises have largely, been uninspiring.

Why is FCMB on bid? Could the result be better than feared?

On Fidelity; Fidelity is not a buy at current price. If I had it in my portfolio, I would be looking to sell asap. Good dividend declaration by the bank might not yield considerable price appreciation because the market so far in not responding to such news. One can also argue that the current price already reflects the anticipated price target.

This is a personal opinion.

gbolah4real:
okay that's why the fearful exiting by some anyway i just loaded the last batch at 1.18... fingers crossed

I would rather wait till the result is released before taking any action. Q3 was poor yoy and now coupled with the profit warning, I do not have faith in the bank/stock.

gbolah4real:
guys any news lost over 9% and still no bids

According to the last communication from the bank and following the profit warning, result should be out latest by Thursday.

bolabiyi:
Had a meeting with my broker and he gave recommendations..he said having presco, Jb, okomu oil will not be a bad idea..I wonder y I neva think in d same path wit my broker when it comes to buying..but wait, make I go do check on dis coys make e no b say d bro don smell sometin..issokay..

For JB, I think it's easy to see why he recommended it. Everyone knows JB's business is largely dependent on the passage of the budget. They are a major contractor to the government. I guess they are already preparing to remobilise to site for jobs that have been on hold and for new contracts that would be announced.

However, I think JB play should require some patience, say like a 3mths holding period. An understanding of the price movt is necessary especially for short term play. I also do not recommend a BUY or SELL.