₦airaland Forum

Truth is: this NSE is just a game. They cashed out.

Lesson: Trust thee no one but your self.

BabsO2:
NASCON publishing the information timely is the right thing. Withholding such information is not right.

I doubt if they published it timely. I think Nascon already knew the merger won't succeed. Thats why the proposed bonus shares as part of their 2023 corporate action.
If the merger had gone on, the bonus shares would have disrupted the initial arrangement as Nascon would become entitled ro more units of dangfood, higher than and different from what was sent to SEC for approval.

They probably released the info in preparation for something else.

We will dump, and they will buy back, claim the bonus shares and release the next line of action.

In any case they played us and might still play us again and again.

mikeapollo:
I think the court would strike out the case.
The court waited and gave opportunity to minority shareholders with contrary arguments that are opposed to the deal, to serve as a basis to throw out the case. Those seeking to delist do not have any mandate from the rest minority shareholders to do so on their behalf!
My advice: Load more Oando units if possible!

But we need to know the ruling the court wants to deliver before this conclusion. Remember there was an application by some other shareholders to be joined in the suit. Are you sure it is not ruling on that application?
In any case, Ibthink its safer to wit fornthe official communication on today's proceedings.

The way them dey vomit Dangsugar. Hmm you sure say Alh. never change him mind?

Market go soon open. Abeg Transcorp, do as you do the last time.

BabsO2:
Economy will roar back in coming months - Tinubu

You go dey believe politicians, Dey play.

But sha I pray the economy recovers. I pray.

unite4real:
Zenith bank to double outstanding shares to about 62.7B units


That Clause 6 of the Company's Memorandum of Association and Clause 9 of the Company's Articles of Association be and are hereby
amended to reflect the new share capital of N31,396,493,787 (Thirty One Billion, Three Hundred and Ninety Six Million, Four Hundred and
Ninety Three Thousand, Seven Hundred and Eighty Seven Naira) by the creation of the addition of up to 31,396,493,787 (Thirty One Billion,
Three Hundred and Ninety Six Million, Four Hundred and Ninety Three Thousand, Seven Hundred and Eighty Seven) ordinary shares of
N0.50 Kobo each ranking pari‑passu with the existing ordinary shares of the Company bringing the total issued shares of the Company to
62,792,987,574 (Six Two Billion, Seven Hundred and Ninety Two Million, Nine Hundred and Eighty Seven Thousand, Five Hundred and
seventy Four) ordinary shares of N0.50 Kobo each.

Lol. Transcorp go just dey laugh all of una. Shebi una say 40billion is too much OS. Ngwa nu.

chipa:
The market will reprice UBA . Even the closing price on Monday was still underpriced.

The market should be careful oh. Banking stocks might not maintain the same level of profit/gains.

But CBN no try sha Them for just allow banks pay us dividends anyhow they feel. 21naira eps for pay like 5naira dividend or more.

Ibrahim505:
Retained earnings of Tier 1 banks in 🇳🇬 based on latest filings
Zenith N1.8 trillion
UBA N918.8 billion
Access N715 billion
First Bank N609 billion
GT N580 billion
© Olamide Adesina

I wonder why gtb sells higher than zenith. Forget about the whole OS thing.

Notore chemicals; shareprice 62naira, eps -70.[minus seventy] na wa oh

SonofElElyonRet:
NNPC recently said they'd be listing soon
https://www.thecable.ng/nnpc-public-listing-is-within-sight-says-kyari/amp/
Dangote also used the word "soon"
https://www.google.com/amp/s/punchng.com/dangote-to-list-refinery-fertiliser-companies-ngx-group-chair/%3famp
But of course this is Nigeria where nothing is certain until it happens !

Dangote's soon no dey too soon oh. He is patient with these kind of things, maybe thats why he hardly makes mistakes.

KarlTom:
If you mean the proposed DIV, it's 50k.

Anyway let's wait for the corporate action/disclosure...

The result says 50kobo.

Princkez:
Please how did TRANSCORP arrive at 40k eps...since pat is #32.6bn , and outstanding shares is about 40bn

they are in the habit of dividing profit into those attributable to owners of the company and those attributable to non controlling interest[whatever that means] at the end, its just about haldmf of the profit after tax that is used to calculate the eps. Na their habit for years.

The eps should ordinarily be 80kobo.

KarlTom:
BREAKING

NERC Approves N225/KwH Tariff Hike For Electricity Consumers

Only 15% of consumers affected

The Nigerian Electricity Regulatory Commission (NERC) has approved an increase of 300 per cent electricity tariff for Band A consumers in the country.

Accordingly, power distribution companies (DisCos) will be allowed to raise electricity prices to N225 ($0.15) per kilowatt-hour from N68 for urban consumers this month effectively from April 1, 2024.

Vice chairman of NERC, Musiliu Oseni, who made this announcement in Abuja, however, clarified that the rate increase will only affect 15 per cent of the electricity customers in the country.

Oseni also revealed that these customers, who represent 15 per cent of the population, also consume 40 per cent of the nation’s electricity.

Details Later…

Source:
leadership.ng

It should be more positive for transcorp than transpower reason is that the discos are tge direct beneficiaries of tariff hike and Abuja disco belongs to transcorp. Its not a general hike. Its one that affects only 15% of consumers, so it might not affect the cost of bulk purchase from the genco.
I do not know however if this move effectively removes subsidy of electricity. That world benefit the gencos the more as govt subsidy debts would be eliminated and they will earn directly from the discos.

Crude oil rise to 88. Highest since Oct 2023.

SonofElElyonRet:
Tony should just bring Afam power under Transcorp Power and stop all this scheming upandan

No ooo. We go list Afam separate. Come sell some units on the floor of the exchange. Lol

emmanuelewumi:
EPS of N4.00k.

Divide N30 billion by the outstanding shares of 7.5 billion

But the result says otherwise

ogoo4real:
"More than half of this goes to Transcorp PLC" Please explain further for us @yMcy56

Transcorp owns 51% stake in transpower.

yMcy56:
Happy Easter to all!
Let's not forget the message of Easter.....which is message of God's love and Salvation to the world. 😊

Meanwhile, TRANSCORP POWER is out!
- Dividend of 23.46bn declared for 2023 FYE
- More than half of this goes to TRANSCORP PLC

https://doclib.ngxgroup.com/Financial_NewsDocs/40773_TRANSCORP_POWER_PLC-_QUARTER_5_-_FINANCIAL_STATEMENT_FOR_2023_FINANCIAL_STATEMENTS_MARCH_2024.pdf

Abeg make una break down the result. I see eps of 92.25 from 30billion Profit after tax. I thought their OS is 7.5billion. How eps come climb to 92naira?

Dividend fit be like N3. (I no want laf)

Btw transcorp have been chopping this kind dividend yet paying 2kobo to its shareholders yearly.

Mind you transcorp have so far sold units of transpower worth over 100billion on the floor of the exchange. Abeg make them share that one for us.

Transcorp hotel of 97, paying dividend of only 20kobo.

onegentleguy:
BREAKING...

@cenbank unveils new minimum capital requirements for banks, gives a 2 yr timeframe for recapitalization.

International Spread: N500B
National Spread: N200B
Regional: N50B
Merchant Banks: N50B
Non-Interest Banks (National): N20B
Non-interest (Regional): N10B

Deadline:.March, 2026.

It is well

I doubt if the fugaz will have any difficulty meeting these requirements.

Princkez:
ACCESS BANK to pay #1.80k dividend....

They did extremely well. They had an eps of 17naira. Wow. Q4 performance was splendid.

ExcessKJ:
The Transcorp Power disclosure is a notice of close - which is a practice for listed companies on stock exchanges. It was designed to prevent insiders privy to sensitive information from taking advantage of that to acquire more share or sell off to prevent any loss

It also means that full year 2023 result and corporate action is not yet out.

yMcy56:
@Mpeace
Find attached the volume mvmt being argued sometimes ago.

Thanks alot. I am now better educated.

ExcessKJ:
Corporate disclosure- Transcorp Power

By implication, new shareholders will enjoy dividends or bonus shares if the board approves.

ProphetUtuocha:
With CBN's insistence that banks should not pay dividend from their forex gains, expect a significant pull back on the banks. Interesting times!

But this has always been CBN's instruction since last year. In my own opinion, these things have already been factored in.
Me also think that this year is not all about dividends. If not how can you explain all the interest in MTN, transcorp, nascon, dang sugar and many more that are not paying dividends or anything significant in that regards.
Dividends are good but capital appreciation appears to be the focus at this time.

Mine not working

austinkenneth:
I'm stuck ooo. To sell now na wahala. Full offer but no takers.

I tire oo

You must follow us chop dividend whether you like or not. Because we still like you. Lol
Wait till after mark down.

megawealth01:
Time ticking for Unity Bank as it projects a N20.7 billion loss

https://nairametrics.com/2024/03/12/unity-bank-projects-loss-of-n20-7-billion-in-q2-2024/

No fx gain?

BabsO2:
Lost 80 kobo in the first 30 minutes with N2b already traded.

So many Transcorp dumpers lined up to dump 75% of which are eyeing +N18.9 exit price.

The buyers from the dumpers appear equally willing and ready for business

KarlTom:
Wagwan TRANSCORP

138m+ so far

For the third week now, volume has been massive. Something might just be about to happen.

This year, Dang food better pay.
If not nothing for me in terms of dividends.

Apart from seplat wey I get chinkili units, others no dey give shishi this year.:

Mtn, nascon, dangsugar, trancorp. No one dey give shishi as dividend.