₦airaland Forum

angelo82:
This is different as the employees are not paying for it.I believe is a proxy way of un approved share buy back aimed at reducing dividend pay out tactically.

So instead of compensating their staff with money they are giving them shares.
Why not give them the option to choose between shares and real money.

These are well known games played over and over again.
You can't get anything free from any Nigerian Bank.

angelo82:
That's not dilution but more like share buy back.Read the article well but the main deal behind purchase of the shares might be for Access to corner most of the dividends.

I remember how Oceanic and Intercontinental bank were forcing their staff to buy their shares.

I don't trust Access with these scheme.

locodemy:
Oil rebound by Q1 next year will push oando's price above #10 anytime from next year........we must exercise patience to reap the fruit of our labours in this one.

ihedioramma:
but as you think can they get out of it? . Remember they are one of the top five banks befor? What of now?

They can get out of it, but not after the hunters have successfully taken position.

feelamong:
http://www.thisdaylive.com/index.php/2016/08/23/no-nonsense-cbn-bars-eight-banks-from-all-forex-transactions-for-concealing-2-125bn-nnpc-funds/


The banks, Thisday exclusively gathered this afternoon, were barred for concealing and failing to remit the Nigerian National Petroleum Corporation (NNPC) dollar funds to the federal government’s Treasury Single Account domiciled in the CBN as directed by the Presidency last year.

T[b]he banks, whose suspension would remain in force until they remit all the funds to the TSA are United Bank for Africa (UBA) $530m; First Bank of Nigeria (FBN) $469m; Diamond Bank Plc ($287m); Sterling Bank Plc ($269m); Sky Bank Plc ($221m) Keystone Bank ($139); First City Monument Bank (FCMB) $125m; and Heritage Bank ($85m).[/b]

My major interest in this news is First bank and UBA.

This two banks have been featuring in every bad news coming from the banking sector.

I am having a feel this two banks will be fantastically cheap in the future.

Mfunkynation:
C wat hav been missing! Since i got ETI, hav been unable to cash it dividend to my account. I hav 3 unclaim warrants. Hope dia branch in Uyo wil exchange it 4 me.

The Doller value of the dividend makes it difficult to claim in other Banks.

Only specific Ecobank branches can pay the dividend.

Mfunkynation:
i shld take it to ecobank branch n exchange for physical dollar?

Yes, take it to ECOBANK branch.
But most ECOBANK branches can't process the dividend.

Mfunkynation:
Pls do u pay in to ur naira account? Xplain. Thanks

Well I usually go to Ecobank V.I, to collect my Dollars dividends in cash. Then exchange it for Naira at a later time.

ihedioramma:
i was in my bank today for the forms, they are not happy as i gave them four forms to stamp for me free . but they letter did . what did ecobank pay this year ?

ETI paid $0.002

But will ETI issue give us hard currency(not Naira equivalent) this year.

bigjay01:
I am not local. I had ediv in place with Ecobank registrars. It should still subsist.

Well that should subsist.

But you can contact them for update and clarification.

http://www.gtlregistrars.com

bigjay01:
Hi

Does anyone have any contact in GTL Registrars?

e be like say my ETI dividend don develop wings

I pick my ETI dividend at the post office over the weekend.


No 2, Burma Road, Apapa, Lagos.
http://www.gtlregistrars.com/contact-us/google-map-view/

Intendy:
The equity prices of the following securities were adjusted today 22nd August, 2016 for dividend as recommended by their board of directors: CUSTODY AND ALLIED INSURANCE PLC was adjusted for a dividend of N0.07, the last close price was N3.90, hence the ex-div price N3.83. AG LEVENTIS NIG PLC was adjusted for a dividend of N0.10, the last close price was N0.99 , hence the ex-div price N0.89 TOTAL NIGERIA PLC was adjusted for a dividend of of N3.00, the last close price was N244.00, hence the ex-div price N241.00 Please be guided accordingly.

See what this people did to AG LEVENTIS NIG PLC . selling @ N0.99

http://www.vanguardngr.com/2016/08/ag-leventis-set-raise-fresh-fund-engages-foreign-investors/

adioolayi:
The Late lawmaker was also a candidate of Labour Party.....Labour Party is expected to win...NOT A WAKEUP ANY THING

Duh, APC also contested .

SHARIA court in Ibadan ? :-

This is new to me

ihedioramma:
What of EDC Securities Limited (Registrar's Department)?

ETI don't use EDC registrars anymore

They now use GTI registrars

http://www.gtlregistrars.com/client-information/our-clients/

Raider76:
It is a socialist bank. May be those always tagging it as a Hausa people bank will now ease up.

And what's the difference between socialist bank and Hausa bank.

Can this Unions run the bank profitably.

megainvest:
@ penny stock lovers in the house, something is cooking here.

https://trwstockbrokers./2016/08/19/assbifi-stakes-n40b-on-unity-bank-shares-the-nation-nigeria/

So unity now belong to bank workers Union.

zendi:
All this your cheering of Access, nobody can tell me you're not comfortably smiling in the bus.
(to avoid calling it by that other name, the mh name, you understand ).
Which is not disagreeing that Access, like many others, is seriously undervalued.
But regarding all the bolded, there is another extra thing called prestige.
Prestige, or whatever other name you want to call it, makes some stocks
sell at premium to their valuations, and to their peers.

The same GTB premium stock were buying below 18N before May. So if Zenith finally goes above 20N were will upgrade them to premium stock even when their EPS is lower than accessbank.

I have always underrated Access bank, until the new result. I remember when were begging the Elephant to allow Access go above 3N. Today the Access is running faster then the Elephant.
Thank God I didn't do Much JIJO with Access when it was below 3N.

ihedioramma:
brother who is ecobank registrars?

GTL registrars

Just got GTB EPS

276k

lancee:
I think
Access- 161k
Zenith -1.43k

Thanks

Wow Access got better EPS than Zenith?

It shows Access is seriously undervalued.

I have a feeling that GTB is overpriced

SUNNYsparkle:
Its s lie.. An Oba naming his son Eweka is a lie. From archeological findings, Benin is older than ife. Benin as a kingdom was bigger that ife . Eweka is the same as iweka in Onitsha Igbo. So how and why was language of Benin not altered? Benin became an empire and expanded East, West and North, while ife remained static.

I am not sure you're from Benin.
Because most Benin people knows that the "OBA" title was foreign the Benin.

Ogiso is the original title for Benin rulers, the 'OBA title came from Ile-ife.

CC
megainvest
locodemy
Intendy
lancee
fxuser



My Ogas in the house can you give me the EPS for
Zenith
Access
GTB

Crixina:
Bro, 3gb ram?

Pls are we both referring to the same phone, pls tell me o, make I know if dem don't do me scam.

Sorry hot 3 got LTE with 2gb RAM

ZERO 3 got LTE with 3bg RAM.

Crixina:
Bro, 3gb ram?

Pls are we both referring to the same phone, pls tell me o, make I know if dem don't do me scam.

Infinix Hot 3 came with 3GB RAM and LTE.

Check your phone to confirm.

Crixina:
me too, not that I would have even gone for this one, except it is the same price with the HOT 3, cos enough calculations wey I do before I comot money collect this Hot 3,

In fact I still dey recovery process

Cool down now, hot 3 is better

Hot 3 got 3gb ram and LTE.

wengerly:
Thank you Obagadaffi.
Why then do some stocks hit the maximum 10% gain/loss why others don't?

The gain or loss is dependant on the sentiment and performance of the stock based on available information.

For a stock to hit 10% loss means its on full offer(massive selling), while 10% gain is full bid(massive buying)

bigjay01:
CCNN - 11/08
ETI - 02/08

Hope these dates are correct

Thanks i have been searching everywhere] ETI payment date.

MissHatey:
Chai !!!
Why nah infinix
I just bought my hot 3 last week

Your HOT 3 is far better than this new infinix.

bigjay01:
@House

Who have received ETI & CCNN dividends declared for the FY 15?

When is the payment date

Yea GTB the alpha stock finally slow down. It's time for exiting

wengerly:
Dear All,

Thank you for the great work of sharing profitable information on this forum. Please I need answers to the following in simple terms;

1. How exactly are share prices determined on the floor of the exchanged; opening prices and closing prices?

2. Is it an automated process?

3. What is the relevance of No of bids, quantity of bids, No of offers and quantity of offers?

Thank you.

My little contribution

NSE system is fully automated and every trade can be monitored online.

Average price determine the price on the floor during trading.


Bid = buyers
Offer = Sellers

The increase in the number of bids of a stock, will bring price appreciation to that stock, while increase in the number of offers, will bring the price down.