₦airaland Forum

Mcy56:
Well said!
Guess you referred to me here as well.
Well, i noticed that you people stopped replying enquiries here.
The experts are nowhere to be found, they thus resorter to asking the person available.
I think you people should come back!
When they ask, you can always answer them professionally and give more direction when one person err or is going off lane.
Keeping silent and ignoring them cos they're new to the system is not too good as far as I'm concerned.You guys started from somewhere too. No need to wait to condemn someone else's good intention.
This is my view of the situation of things here.

I made my comment partly because of the bolded. Some analyst here would highlight a stock and reserve details of their reasons. But they would not comeback to tell when they changed their minds on the stock, forgetting that many newbies, relying on their earlier highlights, must have made reasonable investments on those stocks believing the "promoter" to have equally keyed in.
Latter na regrets go follow and you will hear the promoter saying things like "I bailed out(secretly) last year at... with tesere profit" meanwhile the newbie continue to suffer in losses.

Mcy56:
This is a difficult question o. OGG is in best position to answer this.
In my opinion anyway, you may take the risk or look at 6.30. You'll have to provide me with a signed indemnity form sha.

NB: Let's be guided by global happenings as well.

uchetobe once said he would make some revelations on the stock including the projected share price. Nothing till now.
People don tie down money for this stock sote them lose all the dividends that zenith, uba, wapco etc had to offer. This life

Mcy56:
Could be anytime from 1st week of May I think.
Zee already announced closed period. You know they have to submit to CBN for approval first, so it will take few weeks.

I don't think those quarterly results are subjected to CBN approval before release. The results will start flowing soon, and most of them should be out before the 1st of May.

ebuka1997:
There’s talk of a 20million bpd cut, who has information abeg?

https://nairametrics.com/2020/04/12/opec-alliance-us-russia-canada-mexico-reach-historic-deal-to-cut-13-4-million-bpd/
Thats the final agreement. 13.4billion.
Let's we how the market reacts

stcool:
They would lots of haircut...I see CBN asking banks to shore up their capital.


Currently only 2 Nigerian banks can withstand any shock from a crises. Or you have not seen the report.

Wait in coming weeks, when CBN starts hitting them.

It would be so irresponsible of Govt to put such pressure on banks, given the current economic realities.
Even when governments around the world are providing stimulus packages

Mcy56:
It's possible the effect of all these wouldn't even reflect in Q1 but in Q2, that's if the situation persists.
Companies do have a way of generating revenues, especially banks irrespective of economic conditions. Don't be surprised if banks release good Q1 results cos of the highlighted factors self.
People stayed at home and are spending, even more than when they're going out. Banks didn't shut down, they only reduce physical activities. The telecoms biz were/are booming too.
Anyway, we'll see how it goes....

Banks will report some good results especially with the recent devaluation of the country's currency. Expend some fx gains.

With the fall in oil prices despite the cuts, all I can say is "wahala dey oh"

aremso:
yes oo u will be collecting dividends as if you are collecting house rent

Zenith beats house rent well well. And no much stress. No quit notice, no court

Mcy56:
Huge transactions and cross bids are ongoing in NB.
Oga Oracle also gave a price of 22+ or something, I blvd he must have done some home work.
It may not be far from the bottom again or may have actually reached.
Just my observation.

I also saw it oh. The thing too much

Mcy56:
I can remember you saying they should pay up to N4 dividend too, more reason my faith was up too, that at-all at-all, they should pay N2 to N2.50.
We should however still commend them for paying N1. What if they decided not to pay at all?
In my opinion, paying part of the loan is a good course in a good direction too.
With time and over years, the dividend should increase, all things being equal.
We're observing how Mr. Market will handle it.

The thing be say I don already plan for the money. Chain see money wet I for use buy enough zenith. Na Zenith bank dey my mind all weekend. The stock looks too too good for dividend purposes. Its better than tbills have given in many years.

Mcy56:
You've waited all these while, why sell now? At least let's see how the market react to the result first.
NB: Wapco is on full bid now.

Na this one you call full bid? The bids no plenty naa. If I put my small units up for sale e go just enter offer sharply.

On another note, I am not too impressed with this result. Q3 2019, profit after tax was 20billion with EPs at 1.28. Now full year profit after tax is now 22billion EPs 1.44. It shows they only made 2billion in q4. That's not too good.
I am also disappointed at the dividend declared. To be sincere with you I expected N4 and above, given the earnings from SA business disposal but they would rather send all to their parent company by way of debt servicing.

emmanuelewumi:
But what we have quoted on the Nigerian Stock Exchange is ETI the parent company and not Ecobank

My thought as well. And that's why they pay dividends in dollars whenever they do.

UaCN: in the light of the spread in corona virus infections, do you see the unbundling going ahead any time soon?

https://www.nairaland.com/5769774/coronavirus-high-ranking-member-buharis-cabinet

I did not say A. Kiyali don kick bucket oh. No be for my mouth you go hear say thief of scarf done die

http://www.nse.com.ng/Financial_NewsDocs/29542_FIRST_CITY_MONUMENT_BANK_PLC._FINANCIAL_STATEMENTS_MARCH_2020.pdf
FCMB done show
14k dividend. Fidelity pass this one. Not even up to 10%dividend yield, even with corona Virus

Oil not moving down today, maybe there would be news behind this.

Aswear Wapco is an evil spirit. I the thing no even fall 1kobo. Chai

currentprice:
http://www.nse.com.ng/Financial_NewsDocs/29309_ACCESS_BANK_PLC._FINANCIAL_STATEMENTS_MARCH_2020.pdf

Dividend 40k

Lol. That's why Wigwe had to postpone closed period and sell some of his holdings before submitting results.

Chibuking81:
@ Mcy56
You are truly on point toward investment position, in addition one have to try hard not to visit this forum on daily basis, because monkey hunters will always come with bad news once the sale and want to enter back again, and good news whenever they want to sell.

Any company that maintain good result for 3 consecutive times, with good dividend payment is good for investment. Stocks like.
1. Zenith bank
2.UBA
3. GTB
4. Afriprudent
5. UCAP
6. Dangote sugar
7. Dangote cement
8. Fidelity
9. FCMB
10. Caverton
11. Cutix
12. Flour Mills of Nigeria plc

Chai. Wetin Access do you naa

Pls if you are out of the market, just stay there, Make we know how many we dey for inside this market.

Mcy56:
UBA would have fly small with this result if not for the bad news in circle.
Still looking promising. Its those outside that will reap the gain mostly.

UBA q4 was not so good

https://www.nairaland.com/5709932/coronavirus-nigeria-confirms-first-case
Could coronavirus have gone round without visiting Nigeria?

Mcy56:
This is lovely.
They paid 50k in the last FYE.

We're waiting for Peter's Wapco this week

This will pay N4 dividend this year.

rebekah2011:
If their results did not come in by February 29, 2020, then they will pay fines and penalties to SEC. Why will they want to pay dividend when they still have loans to pay back? The company only has to show positives and investors will swoop on their shares. Paying dividend will only put them into more troubles.

Lol. In April 2018 They paid dividend of N1.5 despite making a loss of about 36billiin for that year. The company has now significantly brought down their debt and also sold an arm, and you are still asking why they will pay.
Is there a company on NSE without debt?

DeRuggedProf:
You are about to be scammed. There is a seller waiting for you at N15.90....

No be scam oh. That stock has places to go. Expect exceptional dividend payout. Result should come by first week of March.

stcool:
You guys should continue enriching brokers...

The only stock that interest me now is UACN and offsprings!

The stocks that impress me are Wapco, Access(interested in seeing how the result would look) fidelity(want to know this year's dividend payout)

Mcy56:
This new rule of submitting unaudited FY reports first is just no.n.se.nse!
They need to go back to old rule.

It appears not all the companies have kept to the said new rules. GTB and Access have sonfar refused to release the unaudited results.

Ayam expecting access bank result any moment from now.

Confusion everywhere

mendes911:
There seems to be a buyer with a price limit of N1.00. I was even suspecting that the buyer might be you.

Not me, My price limit is 1.31

Transcorp, what art thy plans. You sit happily whilst other suffer the corona's ravaging effect.
Transcorp must have some news in store.