₦airaland Forum

rockcityfinezz:
It's veritas registrars customer service/Front desk that I called but at your suggestion I will go there myself.

Going there will be good, going with good lawyer is better.

All you need is transfer of ownership, they (registrar) will have to be verify from her before going ahead.

drLammy:
Boss it's GSK (GlaxosmitheKline) not GTB

That's is GTL
https://www.gtlregistrars.com/client-information/our-clients/glaxosmithkline/

drLammy:
My Oga in the house
I use Greenwich (mytradebook) as my broker do I need to register on Greenwich registrar to get my GSK dividend?
Or will it be automatically transmitted on their portal?

Datamax is GTB registrar.

Contact Datamax

rockcityfinezz:
I asked the agent i spoke with about that option but she said that will require her coming down to nigeria...

Is the agent a registrar?

I suggest you visit Veritas Registrar to get the right information.

rockcityfinezz:
Hello Nairalander, my mother bought Guiness shares in the 70s and the last time she claimed the dividends was in 1995. Fast forward to 2021 she want to claim the dividends again but her country has changed as she now lives in the US with my siblings..,I called the agency in charge and I am told she need to instruct her bank to issue an e-mandate. Her account has not been in use since 2016 when she left Nigeria. My question is can I, her son go to the bank to find out the status of her account and what can I do to get the bank to send the e-mandate to the agency in charge of the shares. She is 85 years old she can't really do much..Please, Advise on what to do. Thanks in advance.

She should instruct the registrar (for Guinness) to transfer shareholding in Guinness to you.

After that, you can use your Nigerian bank and broker to get dividend and trade the shares.

Teeonly:
https://doclib.ngxgroup.com/Financial_NewsDocs/33375_CUSTODIAN_INVESTMENT_PLC%20CUSTODIAN_INVESTMENT_PLC_NOTI.pdf

Information for minority shareholders of UACN Property Development company. (UPDC).

I am holding my UPDC for a while.

emmanuelewumi:
Dangote Cement

Dangote Sugar

Okomu

Seplat

Stanbic IBTC

Caverton

Lafarge


Nascon.




Add yours

GSK
LINKAGE
Prestige Assurance Plc

Expect Plenty dividend payments this week.

BianuBianu:
Axa Mansard dividend received

It has been paid since 7th

emmanuelewumi:
Detailed description of investors and traders behaviour

SEC accuse CMOs of frustrating e-dividend mandate process

https://nairametrics.com/2021/04/16/sec-accuse-cmos-of-frustrating-e-dividend-mandate-process/

Willie2015:
Don't mind them..
And they never get to talk ....
Abt the bleeding on the other side...
Some of us trade on both sides too ...
I use T212 & Passfolio... for both stcks and crypto
Its not a bed of roses...

Investors are losing funds all over the world, NSE is not special.

We should stop being pessimistic about how people invest their funds in the NSE.

If you do want to invest stay away, stop bothering yourself about the profit or loss we are making.

UNIONBANK wahala.

They won't let us buy small units at the current price.

bigjay01:
maybe zilch, nada!

So all this noise about trancorps is fake news.

https://nairametrics.com/2021/05/07/heirs-oil-gas-announces-ceo-and-board-appointments/

What is Transcorp stake in the Oil and Gas business

samguru:
I now have my paddy appointed to the board of custodian Group PLC.

MSEMPA first-hand information is guaranteed.

onegentleguy:
As I told some folks;
Btw HONEYWELL and FBNH, the former will bear more of the brunt in light of the the recent CBN/FBNH management brouhaha.
Yes FBNH may not recover all the loans from HONEYWELL. (some or all the funds might end up been impaired)
Notwithstanding, the bank does appear to have since moved on. Without the loan there has been a remarkable improvement in the banks Nos considering where they are coming from. ...aside this case, we all know that the bank have seen much worse.

But if they do recover some or all the funds, then all the better.
This is where I love ACCESS bank. Mr Otu... would sure have had it rough!

All that needs to be done now (in FBNH) is to rid out the bad eggs so the current growth trajectory can be sustained without been infested.

Selah.

Of course Honey well will suffer for this.

There are lots of investors willing to buy FBNH even in it worst state.

yazga:
BusinessDay Newspaper

Is it available online?

Guys where can I get the daily market update in NASD equities.

Oba Otudeko used his Airtel shares as collateral for Honeywell's Ecobank loan.

Oba Otudeko used the same Airtel shares (and some Honeywell assets) as collateral for a First Bank loan.

According to news reports, Otudeko’s Airtel shares were used as collateral for Honeywell’s Ecobank loan. Yet, in an interesting turn of events, those same Airtel shares as well as some Honeywell assets were also used as collateral for the credit facility from First Bank.

According to one banking insider, “In a round about way, First Bank now owns the assets pledged to Ecobank.”

“So the same asset (Honeywell and Airtel) is allegedly pledged to Ecobank and none of the banks can move in on these assets. First Bank has an equity position while Ecobank has a debt position.”



Mad people everywhere

yMcy56:
Think we needed to get more clearer picture of what's happening here.........
If this is about Oba OTUDEKO's 85B loan as well as sacking the CEO and replacing with others, which CBN claimed they never get any notice from First Bank, why should we be expecting heavens to fall?
Ok. Maybe I should keep reading and learning more about all these........but I expect FBNH to resolve this with the Apex bank soonest......

With the sacking of the board "heaven is falling".

CBN and SEC might not go in same direction

samguru:
How far

OBAGADAFFI:
https://nairametrics.com/2021/04/29/breaking-cbn-sacks-all-board-members-of-first-bank-of-nigeria-first-bank-of-nigeria-holding/

Wow, I was wrong.

CBN

Cool down

https://nairametrics.com/2021/04/29/breaking-cbn-sacks-all-board-members-of-first-bank-of-nigeria-first-bank-of-nigeria-holding/

Wow, I was wrong.

CBN

https://nairametrics.com/2021/04/29/cbn-issues-ultimatum-to-first-bank-of-nigeria-on-divesting-its-interest-in-honeywell-flour-mills/

Getting clearer picture

emmanuelewumi:
Are you a learner, what happened when CBN sacked the board of Intercontinental Bank, Union Bank, Afribank, Skye Bank, Bank PHB and Oceanic Bank.


Better to sack the board than to withdraw the operational license of the bank

Some of the banks you mentioned are having Recapitalization and insulvency issues.

samguru:
Stay off FBNH now!

CBN may sack the entire board of First Bank and once this happen,shareholders will suffer.

CBN can not sack the entire board.

They might go to court if the issue lingers on.

onegentleguy:
On GSK' Q1 2021, i've received a couple of mails following their report some of which were from forum members here.
Am truly sorry if this doesn't come off right but quite frankly, some of u still have a long way to go before u can understand how to effectively analyze financial statements.

As I've always said here in times past; to draw a BETTER INFERENCE in fundamental analysis, NEVER build your judgement by looking at a single or few factors in isolation. ALWAYS BEST to look at several KEY indices as a collective.

Investing is both an act and a science. When u fail to lead the part in italics above, investing becomes a mere act where decision-making are lead by the heart(a persons emotions) ahead of their head.(the act and science combined)
The result? ...You won't have an explicit basis to draw-up effective/sound conclusions.
Let me help with a brief:

A financial statement comprises of 3 pivotal parts;
1) The income statement (SoI)
2) The statement of cash flow (CFS)
And
3) The Balance sheet (BS)
Of the 3, No 1 is the least important. Note the use of the word "least"...which means; It's important, but less, when compared to the other 2.
On a scale of preference, No 2 should ALWAYS get a higher weighting than 3 and 3 than 1 if u desire to effectively interpret a company's financial print, make sound judgement and WIN!

Hear this; The KEY is to know how to RELATE 2 and 3... then separately BENCHMARK both against 1.
This is one sure way to spot great VALUE in asset pricing even before others can see it.

Now look at that part in bold; There is a danger when as an investor, u make decisions by reshuffling the scale.
By permutation/combination (F/math), the 3 Nos can be arranged in 3 factorial ways...=6 (3*2*1)
Of the 6 ways, statistics have shown that over 92% of investors tend to build their judgement using the 4 of 1>2>3, 1>3>2, 2>1>3 and/or 3>1>2 .
Of the 4 ways, the first 2 is one way that company's/firm's play their shenanigans especially with manipulating earnings (EM bootstrapping, mirage accruals etc).
While the 3rd and 4th is one way the managers/management of coys siphon money while painting a different picture in their books. (a case in point was with FBNH and WAPCO back then btw 2016-2018... I spoted this then and raised the alarm here. Both coys later fell from a high of N13+ and N50+ to N5+ and N9+ respectively. Management have since turned the tide though)

Only the 2 ways of 2>3>1 and 3>2>1 is totally effective. ...with the 1st carrying a greater weight of efficiency.(unless u are using several key financial models to gauge value, u might make a mistake with the 2nd... otherwise it is also very effective)

For those looking at GSK' SoI in isolation, a quick illustration...
2 investors, Mr A and B wanted to invest in 2 different assets.
Mr A bought into a coy with contracting NPM(or even negative EPS/EM), but with a healthy CF, CGPR, EFIR, AER, CBR, NCPS etc,
While Mr B bought into the other with a quite opposite xteristics.
In time, Mr A saw his investment double while that of Mr B took a hit.
Inference: Mr A dug in to spot the VALUE BEHIND THE PRICE... while Mr B could have been among the 92% mentioned above.

Pls go back and dig deeper into GSK' financial prints using either of the 2 effective/rewarding ways highlighted above, then u can come back and tell us what really is the intrinsic value of the coy.

On a side note, the 4 aforementioned ways is how some Nig coy managers have ripped off minority shareholders. Either by painting the extreme of a make-believe impression that everything is GOOD or that its BAD. When they want to steal from u(NCI or otherwise) and/or see immense VALUE they intend to reap from, they create a bad picture.
Which is why it's extremely important to learn how to to spot the good in a perceived poor financial print and the bad in a seemingly good one.
I remember telling someone that it will be a bad idea to accept the MTO price of NEWREST ASL(former airline serv & logistics) because the coy was making so much at the time but trying hard to hide it in their FP so they could achieve their motive. Everyone knows what happened after they delisted.
NEIMETH and WAPCO @ 38k and N9 are also great examples of spotting the good in what may be perceived as a poor FP. (VALUE behind the price in view)

GSK @ the current mkt price is a STEAL. ...presently the cheapest in the NSE.
I already gave my analysis/take on it. (refer to my several past posts)
But pls feel free, if u wish to avoid the coy or exit (for those in) ...it will sure present any discerning investor a greater opportunity to increase their stake!

Selah

This is for value investors.
Thanks

Lion123:
Lol. Someone is desperate to jumpout of Transcorp. Love to see it.

Anyway, let me tell you all something as someone who is actually in the know. I know we are mostly anonymous here and we can all claim anything, but some of us actually have access to quality information because of actual proximity to some of these ogas.

Oga UBA/Transcorp/AfriPrud/UCAP is in severe financial distress. He has bitten a lot more than he can chew...with his philanthropy (which is really just a clout-chasing exercise since he loves attention); the multibillion mansion he just built in Ikoyi, and a lot of his business deals which haven't really panned out as he had hoped. We are talking about a man who announced he would give billions in covid relief, and then went and begged Emefiele to allow him/UBA give only N200 million or so. You people don't know Oga UBA/Transcorp. The ULTIMATE clout chaser! Don't be surprised his companies' results are audio. He is sitting on way too much debt, and guess who is footing the bill for his large debts? His companies. It's why UBA with its brilliant 2020 result declared a pitiful dividend. Because there is no money. All the bank's money is going to service Oga's various Gbese loans. He is desperate for cash. But he is smart. In order to keep up appearances, he made sure a couple of his companies...UCAP and AfriPrud declared good dividends to maintain the facade. But he is struggling and all his companies will foot the bill. For all its audio earnings, Transcorp won't pay any attractive dividend anytime soon. Take that to the bank.

Also, investors in UCAP and AfriPrud should brace themselves because it's only a matter of time before Oga comes for their dividends to fulfil his obligations. Prepare for lower dividends even in the face of 'great' results. Did anyone see UBA's ridiculous dividend for 2020 coming? Think about it: With UBA's great results, why a reduced dividend when the bank hasn't embarked on any acquisitions or any other endeavors that required so much cash?

Oga is a Nigerian Bernie Madoff waiting to unravel. His fellow chairmen all laugh at him.

Bottom line. Transcorp is sh*t. Don't be fooled. Stay away. I say this as someone who was monkey-hunted since the early days of this forum and the good old days of StockMarketNigeria. I have learned a lot..earned my stripes. Don't be fooled by Transcorp and the guys peddling it. For short-termers who understand the psychology of the markets, you might get lucky if you're nimble. For others, you'll likely get burnt. Stay away!

Corporate Nigerian is filled with scammers, from NSE, SEC, and Listed companies.

These Transcorp scams happen right from the top. The Nigerian President, Ndi Okereke(NSE DG), SEC, and Corporate rogues.

More reason I don't have sympathy for any company list on the NSE.

But this Mansard share reconstruction should happen on time.

Has anyone heard about AIICO bonus yet?

yMcy56:
Whosoever can hold this stock for long term will benefit much from it.
A likely good insurance stock to join the league of the likes of AIICO, Nem and Mansard.......all thing being equal.
Just my opinion.

You are right, I am still holding AIICO, Nem and Mansard