₦airaland Forum

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.

yMcy56:
Una too like to dey argue oo
There was system glitch in Morgan or maybe on the Automated Trading Platform of NGX.

There's no way a total of 2.3m units of NASCON would have been done without a 100k moved in-between....

Check the trades for NASCON for instance and try to sum the transactions there, you'll see that some transactions were missing........this must be Cross Deals mostly.
If 100k is not moved, it won't officially move up.
Same for SUGAR and maybe some others.

Make una no vex say I too dey ask question for class.
I never knew cross deals affect market prices.
Pardon.

Pls when is UCAP result coming up.
They used to be first before now, to release resulf and corporate action.
I remember time past when I would qualify for UCAP dividend and use same money to take dividends in some banks.

yMcy56:
It doesn't work this way!
It MUST be 100,000 single unit or above.....this is what the Rules stipulates.
Cumulative doesnt count.

I guess you've been looking at intra-day high and low, which eventually won't count at the end of the day if there's no bulk transaction of 100k in single trade or crossing.

Take a look at Dang sugar and nascon trades for today. No single 100k deal but they both made 10% price appreciation. I noticed it happen on manÿ different stocks at different times.
By the single 100k rule, both ought not to move today but they did.

I do not know, but I noticed stocks move on cumulative/consecutive trade at the same price.

yMcy56:
Ok thanks.
Maybe I'll need to logout and in again.
To be sure, I used to check under "Trades" for the day.

Once there is an official change in price the day high/low will change. And I noticed official price changes even when there is no single 100k deal as long as there is 100k cummulative trades at the same price.

yMcy56:
And you can see 100k single trade?

I usually make use of the high and low for the day.

yMcy56:
DANGSUGAR and SALT
Seems it's yet to officially move for today or is it the system that's not showing it?
Both are on full bid since market resumes..

Anyone with update on this from other platform?

That's the glitch I was referring to or is it only in Morgan?

I am also on morgan, and both have moved for the day 10% up on my platform.

PETERiCHY:
How is #16.50k a bait

lol what time did you buy this?

yMcy56:
Some mop up going on in TRANSCORP PLC !
It was cleared up to 16.99 again.......from 16.03
Something is likely in the offing here...

I am really interested in knowing how many units was traded on transcorp this week. Between yesterday and today, almost 1% of the OS have been traded.

Agbalowomeri:
Na so una bait PeTEr enter trap Lol 😂

The say one day bush meat go turn to hunter.
Newbies don catch the master.

gare2510:
Same thing happening in TRANSCORP PLC; case of thunder striking your goat in the farm and pig in the house same day and time

If one is not careful, he/she will end up buying high.

Them go soon tell us say this one na glitch

No doubt there is accumulation going on in transcorp. Is it the effect of the transpower or is there something else?

BigBashiru:
DANGOTEFOODS is not listed yet. What is the list date?

No one knows. The truth is that the listing might come like a thief in the night, the way transcorp took all of us by surprise.

Transcorp should also list transAfam power plant. Lol. Market go just close.

Mecure wey we dey queue for that time.
So na only 15kobo dem fit pay.
Thus life...

yMcy56:
Morgan Capital Securities Limited
Or
Atlas's Portfolios Limited

You for add say morgan is better.

yMcy56:
Lol. You should have started picking in tranches from 50.....

I wish I did. I placed the money on the Transpower queue just in case, with the hope that Nason will still fall today.

yMcy56:
SUGAR full bid @50.60
SALT full bid @47.65....
TRANSPOWER full bid @351.30

ZENITH @34
FBNH @34.25
GT be expecting Elephant

Following yesterday's full offer on Nascon, I really wanted to buy today's low, believing it would be on offer again. This market self.

251million units of transcorp traded just this morning. Na wa oh.