₦airaland Forum

NGX slow in updating data

Streetinvestor2:
Pls was thr an interim dividend before this

Yes

Declaration date 27/10/2022
Ex-Dividend date 18/11/2022
Record date 21/11/2022
Payment date 05/12/2022
Dividend amount per share 4 NGN

Total doing well

CAP Divided N1.55

onegentleguy:
I sincerely sympathize with those that bought that high.

However, MTO pegs can be negotiable.
Shareholders should get them to up the that N7.07 offer.

At least N10 can be managed.

Not a bad deal for me.

Zenith Bank declared N3.20 as final dividend

ositadima1:
While browsing, I stumbled upon "The Ponzi Factor," a book whose author argues that, apart from dividend-paying stocks, the stock market operates like a Ponzi scheme. According to the author, when it comes to stocks that don't pay dividends, investors purchase them with the hope of selling them at a higher price to someone else, and the market requires a steady stream of new investors to sustain profits for existing investors. The book made some compelling points, and I recommend giving it a read as it's a concise read.

It sparked a different thought in me: If I had invested 15 million in UCAP in 2020, I would be receiving nearly 700k+ per month in dividends, which is similar to what Shell SPDC contract office workers in Port Harcourt earn each month. This translates to a passive 57% return on initial investment.

Someone actually said, Stock Exchange is legalized Ponzi

yMcy56:
CUSTODIAN
Final Dividend: 0.55k
Qualification Date: 31st March, 2023
Payment Date: 13th April,2023
Registrar: Meristem
https://doclib.ngxgroup.com/Financial_NewsDocs/37844_CUSTODIAN_INVESTMENT_PLC-CUSTODIAN_INVESTMENT_PLC___CORPORATE_ACTION_CORPORATE_ACTIONS_MARCH_2023.pdf

** Interim of N10k was earlier paid........bringing total dividend to 65k for 2022 fye.
*A good one from CUSTODIAN*

The best 3 insurance stocks in order of priority remains: (from Mcy's point of view anyway)

*CUSTODIAN
* MANSARD
* NEM

** CUSTODIAN is particularly excellent for long termers** This has been said times without number.

It is now CUSTODIAN INVESTMENT PLC.
Not just an insurance company.

CUSTODIAN currently owns more than 50% of UPDC.

Audacius:
Please with regards to selling off shares and re-entering, do you receive your dividend when you re-purchase same stock or you have to go through the e-dividend process again? I recall First Registrars kept your record even if you sold off. Your account reads 0 shares. Saw that when I visited their office in the days when they still held FBNH portfolio. But I will like to ask about people's experience with selling off and buying again.

Do you get your dividend or you have to climb that e-dividend hill all over again.

Before selling off, I always keep a few units of my shares i.e 5 units.

Keeping a few units will keep your account active with the registrars, no need e-dividend.

But zero units make your account inactive after a while, you might need to do another e-dividend.

onegentleguy:
Sorry I made a mistake.
That part in bold should be ECOBANK and ACCESS (not STANBIC)

While I wouldn't align with STANBIC at the CMP, I think that impact (from impairment) on the bank will likely be from our domestic sovereign debt end and not that of Ghana.

Will effect a correction to that post.
Regards

Thanks.

Is it true that Zenit Might be having liquidity problems?

onegentleguy:
Sometime in Nov, 2022, I did some extrapolations on the OCI of banks (safe for Unity) stocked by the fair value differential (FVD) from eligible reclassified asset in their books, and its would-be impact on their NPM... and I remember telling some folks that;

1) ETI was a sell.
ETI had a fantastic run in on growth trajectory up until H1, 2022 following magt deliberate strategy to improve AsQ in Nigeria, but Q3 report printed a deviation in that line.
N12--13+ should've been the best exit price given how risk at the time, had a near equivalent peg to possible reward in view of the banks intrinsic value.
But I have to admit that selling now still defines playing safe.

For near similar reason (there are other reasons) STANBIC IBTC was also a sell.
Price was hovering above N40 at the time.

2) ACCESS, ZENITH, FCMB, FIDELITY, UBA and GTB were a buy depending on ones trade set-up.
As I said then; I like the 6 names, but prefer the last 3. (portfolio weighting in view)

With the last name (GTB), there were valid concerns that NIM would continue to deteriorate and rein in on AsQ following the decision to adopt a Holdco structure and given how the banks CoF was growing at a much faster pace than AsY prior that time.
But people were probably not seeing the other positives, particularly in Q3, 2022.
@ N17, MoS from IV was almost at par to price hence it made so much sense to jump in! (stated it here then)

And what about now?

I still think that ETI and STANBIC would likely be impacted more (YoY match in view)
Though I like the Nos in ACCESS Q3, 2022, I expect a moderate drop in AsY and AsQ in Q4 and it's YoY comparable period.

My expectations for ZENITH and GTB are obviously that of a mild one with a slightly higher degree of impact in the former (I expect a weaker NPM driven by added CoF/CoR as the Holdco plans set in)... this though, will only be in the short term.
With GTB though, my projection is that NPM and AsY will be impacted QoQ but not YoY. Notwithstanding, I expect GT AsQ to remain strong.

With the last 3 names (FCMB, FIDELITY and UBA) impact will be almost immaterial.
These 3 names have on average, been the most efficiently run in the last 5 quarters.
That said, I would gladly put my money in the last name (UBA) ahead of the 1st 2 in view of their CMPs (risk-reward margin in view)
...I like UBA.
For near similar reason, I also like STERLING BANK.

With them banks, it should be a selective play... of course, having a trade set-up that suits ones investment personality.

Selah

The impact will not be much on STANBIC due to the shareholding structure.

comatekeke:
I detest online arguments but the failure was actually due to a bank run by their customers not the loss made on the bond sale.
It had to sell the bonds and investments for a loss in order to service withdrawals.

Another bank, Silvergate bank is in the process of being liquidated and shutdown.

Kindly explain what you mean by a bank run by their customers

Streetinvestor2:
Eku market. The market is not laughing oh.

Q1 GDP not looking good

yMcy56:
During COVID, ZENITH went as low as 10.70, I bought around 10.75 with my breakeven as 11.
GT went as low as 16.70 or so......

Remember many bought higher before COVID occurred, it became an avenue for some with good cashflow to average down. Some took loans, some without fund did siddon look, etc.

Can't forget the efforts of @RabbiDoracle urging people to buy ZEE @ below 11 that time........with some convincing facts and all that.
How many remembered to come back and thank him? .....but to throw shades dey quick them.

Lots of stocks were at the lowest prices then.

yMcy56:
Bros, why these stone throwing upandan nah??
If you have issues with anyone's post or prediction(s), the most honourable thing to do is to be constructive about it cos we view the market from different perspectives and someone like me don't have to necessarily agree with your own perspective.

I've had course to argue with Pa Emma here on some occasions despite that he's a sage and knows the market inside out.......and me, I be newbie.

As at yesterday, the market still closed +ve despite your "run", "take cover" msgs.
Some still didn't agree with your view, doesn't me we'll be throwing stones at you for that.

What happened to your below post on 8th Feb and other consequent ones?


Pls note that, even during COVID-19, some of us were still here. Soooo, if bear wan come or if na bull, all is well and good.
God no go shame us.

https://nairametrics.com/2023/03/06/nigerian-stock-market-closes-bullish-as-investors-gain-n42-billion/

During COVID we were buying GTB, and Zenith for around N12- N15

UPDC REIT

Lafarge Dividend Yield is better than Bua Cement

Coolcash1:
Honeywell!!!

DD advised.

Oga, any news?

dapix:
Pay your tithe ooooooo

Vitafoam don land o

Lion123:
You dey fear to buy at N327? Something that is going to N1,000.

.

I will rather buy more MTN than put my kobo in Geregu

essentialone:
Why is the price of Transcorp and Academy Press going down?

Transcorp price fall might be due to small dividend.

Oga Tony companies don't give good dividend

toyeoye:
eTranzact...don't dull

eTranzact, Chams, and Tripple-gee are less innovative, compared to Interswitch, Flutter, and Opay

Lion123:
Paystack was acquired na. They can't list again, unless Stripe lists on the NSE and they are not mad.

Yes, just saw it Stripe acquired Paystack

locodemy:
Some Tech stocks will do well in Q1.Money has gone digital and billions of naira are being transacted on daily basis.

Just avoid consumption and embrace financial services that has to do with apps
Stocks like Transcorp will still post good Q1 result.Nothing concern them with cash.Just make your power consumption payment and present receipt

Most tech stocks are not listed

We need Paystack, Flutter and Opay on the exchange

locodemy:
I am 50% off from the market.Looking for what to grab now.

For me to mention chams means it caught my attention like TrippleG did.

CHAMS might be involved in the upcoming Census

What is loading in CHAMS

Neoteny7:
That's because since 2019 CAN has been propping up Gringori as the second coming of the Messiah

Lol, Obi campaign started in 2022 after the PDP fight.

APC has always had quarrels with Christian

Neoteny7:
If they've rallied round Atiku with his Nyamiri VP, they could've defeated the MM ticket. But no....CAN wants to wage a little crusade as if a Christian or Muslim president is the ticket to heaven.

Those charlatans posing as men of god really misguide their followers while emptying their pockets. CAN has become way too political.

I just wish Nigeria would be mature enough to jettison these petty primal sentiments....

But if that's the only trick they know, we're in the game.

But APC Muslims- Muslims ticket is sentimental.
APC choose Muslims- Muslims because they don't Muslims support

Payunsin:
I hope my permutation us right ooo.
Since I noticed gereregu flying, i have been buying only Transcorp ooo & the stock is very sluggish.
I have even submitted bids for more today.
Pls i need stock reccomendations as well

Correct

9jatriot:
You do not need a German Shepherd to smell your political affiliation in this your post, even a local dog can smell it. so much so for non partisan

You remain an elite member of this group though.

And what is partisan about his analysis?

Try following investment analysts worldwide, they always project how investors will react to Political events.

What he did is not biased