₦airaland Forum

awesomeJ:
Businessday reports NNPCL has signed off on the SEPLAT/MNPU deal,
I think the market will break 100k again in a few says!!!

That should be the reason for the full bid since yesterday.
Wow

I giveup on totalenergies. Since q1 came out about a month now they have not sold up to 100k units a day. Its 3k, 8k, etc.

Make I go look for money first then i go join mcy for insurance sector.

emmasoft:
Yes, they paid 3cent and based on the conversion rate, the naira equivalent is N39.3. The normal dividend and special dividend amount to N78.6

The next dividend should be less, as the exchange rate will be determined by tomorrow's official exchange rate. I hear say the official rate has gone down, while the parallel market rate keep going up.

Streetinvestor2:
Which news should we be expecting from sugar or this maximum gain for two days is just traders doing thr thing

1.Alhaji resubmit the marger document from back door
2 The rice company has kick started

3.Or just good will from the brand name as per the news of listing of the refinery and others in the near future

Its a risk to be out of dang group of companies until the announcement.
E go happen like rapture.

Mankind2024:
Good dividends received.
Meyer
Seplat
Keep it up.
Representing good yields from 🪴 planting to Harvesting season.
🦾🦾🦾🦾🦾🦾🦾.
Worthy of mentioning, something good is being brewed @Morrison. Time will tell.

Got my seplat too. Expecting another by 14th june. Seplat dey try well well

Transcorp dividend just landed. Wow wasn't expering it, certainly not as much as I got. This one go take care ofvthis week. Hopefully next year dividend will be better.

KarlTom:
Name it, let's buy on your behalf...

lol. Total energies. I no dey hide de stock abeg buy small for me.
But I know say una no dey buy this type stock wey get high price

This NSE sef. One stock wey I dey time since their q1. That stock has been relatively available and pple have ignored it. This small bull na him them come line up for the stock.
Abeg oh make una wait make my money land before una move the stock beyond reach.

Nascon too on full bid.

Ginalex:
UBA dividend ... I no wan hear compounding for now... Na to enjoy the life of my head I dey like this

Mine landed about an hour ago.

The way market dey play, if dangfood merger happens today and the new stock is listed at 350, this market will bring it down to 120.

KayOn1:
Transcorp @11. Ok!

My broda, everybody is now moving their funds to tbills and bonds. There is a believe that rates will go even higher.
Alot of cash will leave NSE.

So MRS is delisting at today's opening price of 135.
Na waa oh. Them no fit add small something. Everybody just stingy this period.

Princkez:
https://punchng.com/tinubu-okays-payment-of-n3-3tn-power-sector-debts/

1.3trillion goes to gencos while the rest goes to gas companies. It says disbursement had since commenced. Hope its not what shot up the profit if transcorp.

Adinije:
The thing is, some people don't want the BE price to increase. And it's ok.

I know someone who have a BE price of #8 on UBA but refused to sell at #33 becos he doesn't want the BE to increase when he buys back.

All these things we are seeing now will pass, in my own opinion.
Somehow the banks and CBN will find a way to raise the price to the level they need in order to increase their capital to CBN recommendation.

KarlTom:
Great milestone for SEPLAT. I expect it to be on full bid but what do I know...

https://doclib.ngxgroup.com/Financial_NewsDocs/SEPLAT_-_Commissioning_of_ANOH_Gas_Processing_Plant.pdf

They allowed seplat go on full offer for a long period of time, then came back to clear all the offer before making this news public.
Them dey craze for head. Some pple done already sell all their holdings.
May dangfood not do this to us.

debeey87:
I got 4 different dividend alert for seplat today. Asides the special and final dividend, was any other dividend declared?

Seplat has not paid dividends yet.
Full year 2023 dividend and special dividend will be paid May 29,
Q1 2024 dividend will be paid on june 14.

Maybe you had outstanding dividends that just came in.

Or them dey compensate you for today's 10% loss. I go just dey monitor my phone whether them go also pay me. Lol

KarlTom:
The bulk of that cost is gulped by security

MD
I misinterpreted your point. You're very correct✅

Production cost in Nigeria is actually $48 per barrel. And sell at $70.
After cost of shipment, what is left for the company is just peanuts. I just wonder how these oil companies make profit. Little wonder the international oil companies are devesting.

Mind you some countries spend as low as $2 production cost per barrel.

KarlTom:
At USD/NGN of 1000, he might not be too far away in his estimation.

16k bpd will give 480k barrels every month.
If crude hovers around 70USD pb, that's at least USD34m per month or USD400m per year.

However there are very many deductions which could be as much as 35% of this total (royalties, non-working interest etc) ...

Also note that OML 60-63 are already churning out liquid gold
(The attached is before the computation of OML 13 output)

You forget that production cost per barrel of crude oil in Nigeria remains one of the highest in the world at about 40$ per barrel.

Itsrm:
I have also asked those who should know and the feedback I've gotten is that they have recorded more fraud cases with access bank than any other bank.

None of them have any idea why it happens. Just means there's a vulnerability with access bank that scammers exploit.

No need bad mouthing any bank here. All of them are the same. If the so called "those who should know" that gave you the feed back are not CBN fraud monitoring unit, then its best you treat the info as unreliable.
Access bank is one of the largest in the country and has almost the highest customer base, so you would think theirs is the worse.
Proportionately, they are all the same.
Truth be told, most fraud cases these days have some fault of customes, though not all.
Someone calls you claiming to be your customer care agent and you immediately give out all your banking details and pin. Then you blame the bank when your account is cleared.
Or your phone gets lost, you do not immediately block your sim until your account is cleared.
Those guys that hack phones only need your sim card. No matter your bank.
These things happen to all banks so thise banks with more customers will definitely record more cases.

First bank also did 363 days at 19.3% today.
I guess its from the last primary market auction.

dapix:
The way, they are pushing UBA share price, no be from here o. see mopping.

UBA should have the lowest OS of the FUGAZ once the whole recapitalization is done.

cocolacec:
I plan to buy more stocks soon,my question is which are good stocks paying dividends yearly for now?

E get one stock wey fit your description but I don dey queue since.

Odunharry:
Secondary market rate for 350days is @24.73% Investment one

Message me.

He said bank.

David6956:
[color=#006600][/color] please which bank have the best secondary market rate

First bank is offering me 350 days at 19%. This offer is for today. Access bank say make i take 17%

KayOn1:
Is Morgan Itrade down?

I can't login

BabsO2:
Looks like money no too dey. Or people are risk averse and would settle for bonds instead of stocks. Or people are worried of the economy. Or investors want to be sure numbers are steadily improving and not one-off good results trap.

I think the CBN needs to thread slowly with this recapitalization while the government creates more conducive environment for businesses that exploit comparative advantages like oil palm, rice growing, gas production and distribution, power generation and distribution etc.

But Access and UBA got more attention despite the economy and despite the factvthat they had far less profit.

megawealth01:
Today's Top Volume Trades

Witth all the profit of gtb, ppl no dey rush the stock like that. Why naa?

megawealth01:
FG May Approve Exxonmobil’s $1.28 Billion Asset Sale To Seplat In Two Weeks

https://nairametrics.com/2024/05/02/fg-may-approve-exxonmobils-1-28-billion-asset-sale-to-seplat-in-two-weeks-report/

If only this news can move seplat to 5k. Lol

SonofElElyonRet:
Would Transcorp then transfer Abuja disco (and possibly afam power) to Transpower?

Na only Elumelu know how him go take do

SonofElElyonRet:
But minister of power says it is to be sold for non performance...

Dont mind the Minister. He does not know that it had already been sold by the previous administration and the proceeds of the said sale given to Govt for settlement of the loan owed by the previous owners.

SonofElElyonRet:
Great...

Ye, transcorp owns 60% while FG owns 40%