₦airaland Forum

NSE hmmm. I remember when the biard of transcorp met and decided on this action. They promised to relay the outcome of their meeting to investors after the said meeting, but never did.
They allowed speculations drive up prices. As it stands today we no know where we dey as transcorp shareholders.
Nigerian companies, They just keep playing their shareholders.
Elumelu might just be doing the exact thing Otedola did at FO when he simply removed the power segment for himself and sold the rest with the shareholders.

May they use the same mechanism that worked on Transcorp Hotel to move transcorp to atleast the same level as transcorp hotel or even higher. Amen

Different strokes for different folks. As some dey mourn massive fx losses na so some dey celebrate massive fx gains.
Banking sector on my mind.

Zegra:
Yesterday was supposed to be the board meeting of NASCON
Any info on the outcome of the meeting?

I doubt if Nascon announced any date for Board meeting. Their only notification on Audited result was that it would be release within 60 days from 2023 year end. That info came since December

emmanuelewumi:
With a total dividend of 15 cent or N210.00 for the year.

Which is not so bad

Tpharell:
https://doclib.ngxgroup.com/Financial_NewsDocs/40400_SEPLAT_ENERGY_PLC-CORPORATE_ANNOUNCEMENT_ON_FINAL_DIVIDEND_FOR_SEPLAT_ENERGY_PLC__CORPORATE_ACTIONS_FEBRUARY_2024.pdf
Seplat is more about capital appreciation than dividends

The ANOH gas project and the Exonnmobil asset purchase are the major reasons for the capital appreciation.
Gas project is ready for commissioning but the asset purchase is still awaiting FG approval.

Gas project is expected to double their earnings, while the asset purchase when approved should multiply the blessings.

Funny enough, NASCON has not officially recorded a change in price today.

Thire result fit change things for them oh.

UBA not yet on fullest offer,
Airtel on very full bid. Abi the new monetary rate no dey affect airtel?

Streetinvestor2:
The dollars speculators go collect soon.It may even stabilize earlier than my mid year projection. at #1500

You get hope in this government.

Agbalowomeri:
NGX has eroded value yes
But that zenith will sell at N80, will they pay N8 dividend? This market is dividend-driven

With the whole fx gains and constant devaluation, they ought to pay that much. But the CBN won't have any of that. But we expect improved dividend payout this season.

akpumpy:
Hello house. Do companies pay dividend twice a year based on this information? Kindly explain please

Yes, some do. Some even pay 4times a year.
One is called Final dividend and paid at the release of year end result, while the rest may be interim dividends. There is also that which is called special dividend.

KarlTom:
On Transcorp: When FG removes subsidy in power sector, we'll feast.

For now, we wait...

How does fg subsidy affect power generating firms.

debeey87:
https://docuhub3.nibss-plc.com.ng/edmms/self-service

Link to mandate your shareholding for any company in Nigeria.

Wonderful development

KarlTom:
I expect a rise after the AFS is released...

But fx losses for nigerian companies will continue even in q1 2024 due to continuous devaluation of the Naira.
So its really hard to say what happens after AFS. But I expect them to be consistent in dividend payout.

Airtel equally did 10% today. I don't know why mtn is just falling in price

ndept:
Call MPeace. He is a director in Seplat

Lol. If I be director for seplat with my 200 units, wetin you go call Pa Emma, yMcy56 and others wey get hundreds of thousnds of units

Tpharell:
Seplat!

Yes oh. SEPLAT gave us 295 per share today. We look up for more in days to come

yMcy56:
Waiting for new market updates and news .....

Meanwhile, DANGSUGAR's board meeting is coming up on 28th Feb to consider the AUDITED 2023 FYE report .

* We wait to see if NASCON too will release such bulletin or not.

https://doclib.ngxgroup.com/Financial_NewsDocs/40336_DANGOTE_SUGAR_REFINERY_PLC-_NOTICES_OF_BOARD_MEETING_(BM)_-_NOTICE_BOARD_MEETING_(BM)_FEBRUARY_2024.pdf
.

I expect directors and other stakeholders to start buying once result is released and closed period over.

Over two hours now, no comment. This Wigwe's death has really touched members of this forum. Chai.

The era of fx gains for banks will certainly continue, atleast in q1 2024 as the naira continue to fall in price.
Seplat should increase their $ valuation for dividend as well.

222Martins:
Locotrader, this one wey we no see your breaklight or update today..........Hope all is well?

Pls check on him. Yesterday was something else. The Eagle refused to fly past the elephant

BabsO2:
Transcorp !!!!!!
Bought into Transcorp in the N7.50 PO. It's a delight seeing its Turnaround
Over the years many have expressed hope and many hopelessness, concerning Transcorp.
Transcorp will be 20 years old this November.
Nigeria needs entrepreneurs.

Sorry

sky2891:
The more reasons more petitioners should join the court case to ensure no delisting.

If you know Nigerian judiciary very well, then you will know that what will be will be. I sincerely hope oando don't delist. But my country is too too corrupt and the set of people running the country at the moment, I no trust them at alll at all.

sky2891:
People with above 1m units of Oando shares should form a group and also join the petitioners against Oando delisting.

Just thinking aloud.

We don't know the position of the persons seeking to join the suit on delistment of Oando. They may or may not be against the delistment.

RSQLPython:
Good people, which stock would you buy if you have N100m to invest?

Thanks

With good timing, you can double that 100mil in Dangfoods. Just login to Nascon at the right price, collect your dividend and ride that dangfoods

Agbalowomeri:
Wigwe dies

May his soul rest in peace

Helicopter crash in califonia. Very unfortunate. He didnt wait to see the global brand he was building.

yemoj:
Payment was made on Friday. Each scheme holder received N17.42 per share with 10% WHT applied. You can dm your full name if you're yet to get your payment. Your account is probably not mandated.

Its not necessarily about mandate. I tried mandating my account before the payment and was told its been automatically mandated using cscs. But I never receive kobo for my very few units. I mailed and after four days they acknowledged my mail only to say they will look into it. Very unfortunate

yMcy56:
Not even when results are coming and dividends will be declared......
Some dividends alone will take care of their so called yield self.
Different strokes for different folks!

Those quick fingers, the sentiments. Thats what we all fear. No one knows how far they will fall thise shares.
I watched my UBA and Access fall from 30 to 25 and the serious impact it had on my portfolio. I had to sell half of it and port to Nascon which is far cheaper than Dangflour. I
Atleast if dangfoods comes on, whatever loss will be recovered. I have heard people suggest 350, 200 etc as target price for dangfood. But 150 is my target. if e reach 150 I will be satisfied, my banking stocks together with their dividends will not give me same returns by that time.

Its very funny that all those advocates that left Òando secretly never said so publicly like they did when they were advocating, until they had safely offloaded.
That is why newbies are always warned in this forum to do their due diligence, cos that prophet wey you dey follow anyhow no too sure wetin him dey tell you.

Seplat not joining the reds. Very stubborn stock.

Kingchuks:
Sometimes these things are very simple to predict. You see OANDO, it must touch N16 before April court case. Shareholders will try to make sure that the three months price before delisting is in the bag. So you don't have to sell at loss, except you can't afford to wait.

Again, why sell your NASCON or Dangote Sugar when the destination is almost known except you need the cash. Some of these things are just easy!

I sold most of my banking stocks to enter Nascon. Let me just wait there. I pray to get more transcorp on lower prices. May they unbundle in our favour.
I no dey buy FA or TA again. Wetin I dey buy na CA (corporate action)

SonofElElyonRet:
I still dey learn work from you o. Other stocks have done me well... thank God... I didn't lose selling transcorp at N1 but imagine still holding 2.5m units now.... anyway other opportunities will come

Chai. You would hve been counting like 35million from 2.5mil naira. Stock markets are like that. You gain some...

emmanuelewumi:
Thank you very much for the update, speculating in dollar is not the only game in town. Choose the one that suits your situation and temperament

I swear. The guy is gradually becoming a bureau de change