₦airaland Forum

Stockhunter:
Okomu paid 30 naira half year. If this 10 is added that is 40 naira. Lets see what they pay for full year. Seems okomu is trying to become the dividend machine. I think i will top up my okomu more at sub 1000 lets see if we can drive it to 1500 that will be 50%. My grouse with stocks that are this high is that block trade of 100k units, the price may not always move that easy. Though it is a gift and also a curse cos as e no easy to move up it wont also fall recklessly...

with N60 eps they pay N40 as at Q3 wetin come remain?

awesomeJ:
ASI at new ATH 148.4K!

DangCem appreciation will always raise the index. Aradel appreciated too.

mikeapollo:
There is a ''witch'' called CGT flying around and finding a space to perch on Jan 1

Hope you know that law only comes into force by 2026. They will start the collection by year end 2026.

Agbalowomeri:
So ACCESS has been buried

If they won't pay N1 they better hold the result till year end.

KarlTom:
Just read that Mr Cardoso will lead Nigeria's delegation to the WB-IMF Meeting in Washington while the Minister of State for Finance will join the delegation.

Makes me wonder why we have Ministers of State who can't deputize for their principal...

Cardoso might end up as the new finance minister while they get another person as CBN governor

Make Una pray for our Minister of finance. He must complete this his 'economic programme'. Nothing will happen to him. Although Sahara reporters claim Presido is already searching for a replacement

emmaodet:
The EPS is way way too poor for the stock price.
It is an expensive stock to buy.

For your eye this stock go do another 50% no be eps dey move this type stock

RodgersAkpafu:
Zenith and UBA

We await the credit alert

The registrars for Zenith, the worse I have ever seen.

11billion Naira entered dang cement today. Pple no dey fear CGT again

No one is noticing NAHCO and NASCON moving up gradually.

Agbalowomeri:
How I come dream say ACCESSCORP paid 30kobo interim dividend?

Abi na high fever

Na fever. Abeg na N1 we dey expect.

KarlTom:
Someone is quietly accumulating ARADEL

Since NAA. All the time we thought It was being sold off. Na buy them dey buy

Joyful365:
Have you worked in any Nigerian company? If yes, for how long?

If you had the choice to continue working for the Nigerian company or travel to Canada to work in a similar role for the next ten years, which will you prefer and why?

These are straightforward questions. If you quote me without answering them I'll block you cos I'll believe you are just another uninformed propaganda tool.

Please block me, I want to know how it feels. Dangote refinery is a Nigerian company not a Canadian company.

Joyful365:
It's worrisome seeing how Dangote has employed heärtlėss laptop boys to defend his actions all over social media.

Before you take the word of any faceless person on the internet as truth and people centred, ask the person to mention how many years they have worked under any Nigerian employer and if they would continue such job for the next 10 years or prefer a work visa to Canada to go do the same job.

Their response will reveal their agenda - propaganda agents for Dangote and other wicked capitalists who don't mind énslaving every Nigerian so long they keep topping or getting mentions on Forbes billionaires list

He should bring all his money and share to the workers cos they built him the refinery.
If only you guys used this energy to struggle for a better minimum wage (other than N70k) all these arguments would not have arisen.
The abroad you talk of, na minimum wage them dey earn their. You guys should leave dangote alone. The workers knew the pay, but insisted on the work. Even after the sack with continuous pay, they still insist on the job.

Its unfair comparing Dang refinery with Oil exploration/mining companies.
Dang refinery buys oil(sometimes in dollars) refines and sell. The oil mining companies just draw the oil from the ground and sell.
Their operations are different so also their turnover. Compare them.with other refineries.

awesomeJ:
SEPLAT at 5917.
Finally!

145k loading

chai. We waited. Meanwhile it's selling above 6k on the London exchange

megawealth01:
If ARADEL is that price some people think that OANDO wont sell above 100. I just dey laugh sha

But Aradel also has a working refinery and pays very good dividends. Oando need to pay dividends to come close.

One funny fact: Do you know that the founder of Aradel (Chief Aret Adams) did not live to see it's current glory.

May our investments mature in our lifetime.

yMcy56:
If ACCESS should pay even if it's 0.50k, it should fly and come close to 30 or above.....

"...but can they"?
With God nothing shall be impossible.....
ACCESS make you surprise us 😁

Access will pay N1. A promise is a promise.

yMcy56:
ARADEL officially @670!
PZ on full bid @41.70!
ELLAH on full bid @13.47!

* N650.10 ARADEL crossed...

Aradel. No regrets. But I wish I bought more. This stock has delivered.

megawealth01:
Expected 💯

That result is just excellent 👌

chimex38:
If it hits my bank account(withdrawal)as against my broker account and then I change my mind and reinvest the proceeds back into a stock.

Another case is reinvesting dividends that usually hits the account.
Will i still be taxed just because it hit my account?

CGT should not be collected on dividends.

Aradel now 615. All you waiting at 400 make Una dey wait

Panadee:
The TIN will sort that out

I totally agree with you. As long as CGT is not treated as WHT which is taken from source, it's only when the money hits the account that you are taxed, reinvested money/aggregate sale will not be taxed until it hits the account.

unite4real:
FIRS will have their job all cut out on this matter. They are going to see the total chaos everywhere. they are looking at the cumulative turnover in all shares put together and not what each delivers

No doubt they will make a demand notice for the aggregate but it is up to you to raise those exemptions.
That is where annual returns will come in.
You all will have to seek services of accountants to make returns for tax purposes or to claim exemptions, if not they will claim tax on both taxable and non taxable profits

Streetinvestor2:
whr did u see this line of argument in what he shared. Whr did u see that the 150 million must be in an individual nigeria stock. Abi eye dey pain me.what I saw is aggregate oh

Law dey one kind. It depends on how you read it. But courts often read the law as a whole to understand the intendment of the law maker. I have attached the law as shared by Ositadima.
If you look at the provisor to Section 34 (1)(a) you will notice the law makes reference to "in any Nigerian company"
Go down to 34(1)(a)(iii) which he coloured yellow you will then notice the law talking about acquisition of shares "in the same or other Nigerian companies"

By necessary legal inference "in any Nigerian company" talks about one and the same company, (when the law dealt with disposal)

When the law wanted to bring in other companies in terms of acquisition or reinvestment, it used the phrase "in the same or other Nigerian companies"


We have not seen the interpretation section for more clarity.

unite4real:
in fact if one starts with N20 million capital and selling after 10% gain each time, one will need just 6 round trips to surpass the N150 million threshold.

And they want us to believe they are coming for the high net worth guys?

many JIJO traders will hit this figure with little capital, starting with less than 15% of the N150 million threshold.

govt will end up scamming us

How do you treat the issue of reinvestments. Each jijo round is actually a reinvestment and ought to be exempted from tax. I think aggregate in the context of the tax law means total sale from a pool.
Lets say a person with 1million units for Aradel worth 500million, decides to sell N20million units 8 times within a year his aggregate would certainly be N160million.

But another person with total holding of N20million does jijo 8 times. Each jijo is a reinvestment not necessarily an aggregate for tax purposes.

This whole CGT on shares is actually for the bigger boys.
From the attachment by Ositadima, it is clear that you have to sell share in "a nigerian company" and the total sale in that company must be over N150million with the chargeable gain over N10 million in 12 months.
Most of us wey dey do this argument no even get portfolio of over 150million not to talk of 150million shares in one(a single) Nigerian company.

But for others, it's simple sell less than 150million Naira per year.
Or if you sell over 150million Naira worth of shares in one company, reinvest in some other companies and sell the next tax year.

sboga:
so after all d gra-gra over the cgt d one ting dat is clear is dat the ones wid the huge gains must sell to aviod the tax before next year...re-enter next year with new cost base.

tank u

To avoid tax, you don't have to sell. CGT cannot arise if you don't sell. It is only when you sell that you become liable to pay CGT on the profit you make from the sale.

I have already mapped out my way around it in a very legal manner. E no worry me again

emmanuelewumi:
A journalist friend with the defunct National Concord newspaper, he covered labour union activities informed that an insider in the union reliably informed him that what the workers did to the 3 refineries they can never be productive again and if repaired can't be profitable for the owners.


Since mid 90s after the crisis, we relied on importation for local consumption

What PENGASSAN just did is not different from what gave rise to the declaration of state of emergency in Rivers state. Why take such decision that threaten the supply of petroleum products and the economy as a whole. They took it too far. Lets see how the government react.

emmanuelewumi:
Terrorists and economic saboteurs

If let unrestricted, PENGASSAN will transfer dangote refinery into the list of Nigeria's many failed refineries.

This is the time we know if this government actually wants to save Nigeria or not. It's time to ban PENGASSAN. If they stop crude oil supply to Dang refinery, the refinery will simply import from other countries and Una Naira go carry the consequences except if they don't want the Naira to appreciate.

Not a bad day. Dangcem, MTN, PZ etc went up. Index over to you

awesomeJ:
N2.5 interim.

Would have been more impressive if their interim/final ratio was normal.

It's an improvement on last year's N2. They also paid N3 as final dividend for last year. Not bad.

Zenith and Stanbic improved on their interim dividend. I believe Access will do better.