₦airaland Forum

unite4real:
shebi there was news flying around that the banks will not pay interim dividend apart from GTCO due the forbearance issues.

Now at least they paid which shows their strength. I believe when they are all out of the woods, return to quality dividend payment is sure

Let's see what GTCO pays. The should do better.
I no trust Access but they may surprise us.
But forget the poor dividend, the fact that they are able to pay dividends shows they might have met and resolved the CBN forbearance issue.

emmanuelewumi:
Yet the markers who accused Dangote Refinery that the price of the one exported was cheaper by N56, are not ready to sell cheaper than Dangote but they are accusing of crashing the price...

What stops them from importing from West African countries where it cheaper and sell to Nigerians

Dangote seem very prepared. He has been giving them what they deserve.

Sunrisepebble:
What have we been buying ?

This man. Where have you been. In your absence your Aradel has been doing well

Aradel seriously doing some quantity. Over 6billion Naira done. Is that a seller? Cos the price has fallen to 520 officially as much of the huge trades were done at 520.

Yesterday, I saw Rano Rice in the market here in Imo state. I have also seen BUA rice and other BUA foods.
Dang rice and Dangfoods where are you?

Meanwhile I think those guys at NSE need to encourage RANO to list on the exchange. His company and products have spread through our Nigeria. He happens to be the only northerner in the petroleum sector with outlets in almost all the states of Nigeria including the southeast.

leo1234:
Just waiting for gtco H1 financial report 😴

This time last year it was already out. Last year's H1 result was released on 11th September 2024

Streetinvestor2:
Bros which level be your own..lol

Lol. He high no be small.

Olaide1295:
You cannot just see headline and make blanket deductions from it. Subsidy to encourage local oil production is not same as subsidy to encourage consumption of an imported commodity.
By the way, what you call the "US subsidy" is even a reduction in the royalty the oil producing companies pay if they produce more, not like the govt is spending out of pocket.

Whichever way you put it, it is still subsidy. When you remove subsidy on everything including electricity that is generated locally, you destroy local production in general and consumption. Why not remove royalties and taxes on crude oil produced and consumed locally by indigenous refineries in order to boost and encourage expansion as you put it. When they place your business premises on Band A that's when you will understand.
Pls don't read my comment on the surface this FG removed subsidy on a whole lot of things apart from petrol, electricity and education.

I just saw this topic on the front page.
Yet they advised us to remove fuel xupsidi.
That it's the only way we can survive. Now we pay more than fuel subsidi itself

https://www.nairaland.com/8516514/united-states-spends-31-bilion

The type money wey dey enter Aradel. Shebi Una say na selloff. Ok oh. 22billiin Naira done this morning already and price appreciation follow join

Chinkili dividend from CILeasing landed earlier today. I didn't even fill any form for this one

megawealth01:
PZ and CADBURY go soon rub shoulders?

PZ have serious debt issues, unlike Cadbury. PZ also has higher OS. It will be difficult for PZ to catch up though not impossible.
Q1 result (which is due already) should give a pointer.

egojeny1:
AIICO, ELLAH, PZ no gree this morning

I expect to see PZ above 40 in a very short time.

Sugar is doing very well this morning

Zagee:
Right now there are three markets-official, black and the fintech market.

I think he confused the fintech market for the parallel market. The Abokis bought mine

GeneralDae:
Omo naira (parallel market) dey vex this morning oo

I don't know where you pple get these figures. I just sold a few units following this post of yours. They bought at 1,530/1$.

megawealth01:
Seems no trading today abi am I missing something?

Today is Public holiday. Very funny that in Saudi Arabia, they don't recognise today as holiday. It's not too celebrated. But in Naija we took like holiday.

Ginalex:
I knew it 😃😃... Their Q1 will show full recovery

Excellent result we expect a full bid and a return to over N40. I no know why I no add more of this one. I just pray the price movement goes slowly so that small money will be raised for a top-up

https://www.nairaland.com/8512845/zenith-bank-eyes-ivory-coast
Zenith bank is expanding into other African countries. It seems they are clear on the CBN forbearance issue.
UBA approved dividends though they also expect CBN approval. This shows they took might be clear on the forbearance issue. Access has not slowed down with it's expansion...
It seems those banks that have met the recapitalisation requirement are clear on the forbearance issue. Just maybe

chimex38:
#GTCO will.
#closely followed by Access
#Then Zenith
Source: trust me bro

Something tells me Access will have the best dividend yield this year.

Disclaimer: the source is not always right.

emmanuelewumi:
Are you saying Access can pay a total dividend of N3. Referring to both interim and final dividend

They paid N2.5 for last year. They have maintained a steady rise in both interim and final dividends since 2018. They promised paying at least N1 as interim dividend this year (that was before the CBN directive on forbearance).
We watch and see, but I think Access might have the best % dividend in the industry this year(if CBN does not intervene) I mean above 10% dividend yield

Agbalowomeri:
Zenith Bank

Conservative 5 weeks of lower low

Bearish. Should be @50 soon

One banking result this new month with confirmation of interim dividend will just change the trend for the banking sector

yMcy56:
I was surprised when I read they sealed the deal already....
I thought the case is in court and adjourned till October

As for ELLAH, post the link because I cant see it yet on NGX

It the same result they posted last week they reposted.

yMcy56:
Oga, don't be in haste to take any position, let's have a clear communication from the new substantial holder (HUAXIN CEMENT) first.....

** I don't advice any haste in taking any action (either to sell or buy) for now.

** Caveat: Remember this is strictly my amateur opinion, the fact remains that you are the CEO of your portfolio

The deal cannot be concluded until all suits are settled. They are still at preliminary stages of their suit. In fact the suit has been put on hold pending the determination of an appeal at the court of appeal.
This their deal might not have SEC approval until that suit is settled.
It is only when SEV approves that they can make the communication on NSE and then the MTO.

Meanwhile e be like say Ellah don release another thing today by way of publication

2zona:
Could their be sell off Dangote stocks tomorrow, sharpen your cutlass oo https://x.com/hashtag/JusticeForRuth?t=iPDzHN3A02jfUCbzkYXF4g&s=09

People have been dieing from accidents involving dangote trucks and other trucks including lafarge, BUA etc for years. Very unfortunate but I do not think it will affect share prices. It's more of an issue for the insurance companies and I am aware Dangote spends a lot on insurance.
VDM has a very powerful voice but I doubt if his voice is powerful enough to harm dangote's interests

emmanuelewumi:
That is just one of the numerous valuation techniques.

I think Access is good at N30 sha

The problem with Access is that the managers are not just into pushing up of prices like UBA and others.
Even when they did their RI, the refused to push it up for better outcome

Ddll:
First it was Oando, now it’s Ellah Lakes. It’s about to be a very long weekend of analysis

Pls add Access to the analysis. E get why

mikeapollo:
@Ositadima and everybody in the house: please confirm this for me before I go crazy:
If one should sell shares and make a profit (chargeable gain) of N200m, you pay tax of N47.9m to govt. going by the new tax law?

lol. E shock you?
4×4

They want to kill this business

handsomebolanle:
Who is dumping Access??

Na yeye stock be that. I am heavy there sha. The thing is just giving me daily fall in portfolio value

mikeapollo:
But I heard that CBN or NGX reported that FPI in NGX is about N1.3 trillion

If true, 1.3trillion might not be that much considering the companies on NSE with huge foreign based shareholder/ownership structure eg Lafarge, MTN, Nestle, etc

SonofElElyonRet:
If Oando retraces to N30 I fit consider

Chai. Hope you know some pple bought at 90?

Streetinvestor2:
How much is the dividend equivalent in naira paid today and for which quater

about N70