₦airaland Forum

Frangel:
If you sell your UBA on or before 10th of May, you will not qualify to receive dividend. If you sell on 13th or thereafter, you will receive your dividend.

The key date is the Qualification Date (10th May in this instance). You would notice that on 13th, the opening price would be the closing price on 10th less N2.30 (dividend).

The closing price on 10th would be cum-dividend (cum-div) i.e. inclusive of the declared dividend. While the opening price on 13th is ex-dividend (ex-div) i.e. after dividend has been deducted (marked down for dividend).

Okay, so I want to understand this correctly. If I don't have my shares registered with the stock registrar by the qualification date, I won't receive a dividend? And even if I am registered, but I sell my shares before the ex-dividend date, I also won't get the dividend?

Double wahala for who no dey read agreement o.

modupeshow:
Does this mean that if I sell my UBA shares for example on 10th of May, I'll be qualified to receive dividend or i have to wait till 13th before i can sell to qualify for dividend payment?

To be entitled to the dividend, I think you will need to hold the stock a few days before the ex-dividend date. On that day, the stock value is dropped by the same amount as will be earned when the dividend is paid (with respect to current price). Unless the stock makes a quick recovery, or you are sure it will continue dropping in value, I don't see why you would want to sell it on that day. I would recommend selling the next day to be sure, but you can still sell and provide us with feedback on whether you received your dividend.

Ginalex:
Chineke nna! na my picture you use do meme

Are you sure?

Be like say na alphabetical order Veritas dey use pay, wahala for those of us way our surname start with U.

Oooops...

ositadima1:
I have an entry signal for OKOMUOIL. If the resistance level of 238 is breached below, it will indicate that my analysis is incorrect. It is a very stable stock, and the risk is very low. A 10 to 20% gain is very possible in the short term.

OKOMUOIL !

ojesymsym:
Is this GTB correct, this is small compared to previous years.

No, it is not correct.

leparj:
This ya table no dey correct.
Agm date and payment date for Gtco is
tomorrow 9th May.
Not 15th May.
Zenith is today.(8th May)
Gtco tomorrow.(9th May).
Back to back tins.

It is not my table; I copied it from Nairametrics, a reputable website with years of experience in finance. Therefore, you should address any concerns about the table to them.

gold360:
my people . Please is today that zenith bank will pay shareholders their dividends ?

I copy am from Nairametrics website.

https :// stocks. nairametrics. com/list-of-dividends-2024/


No vex o.

yMcy56:
These pics got me Lmao.....
Na so.

Did you see the last one?

The END.

Two months later...

Adinije:
DANGSUGAR @50

I wonder how people that sold at #38.9 will be feeling right now.

ositadima1:
I believe someone here said, "Follow the money."

Learn to use clues from information like these to draw reasonable conclusions. The more confusing the situation, the better.

Remember that everyone has access to the same information as you, and will probably act on it, sweeping any informational advantage off the table. It is often the confusing information that gives you an advantage if you manage to position yourself on the right side.

Follow the money.

SOZINN:
Peaky Blinders is not as good as they say it is.

Peaky Blinders was very good for me once you pay attention to the dialogue and have a little understanding of the 1900s times in the UK. It isn't all about action, but I still understand that we have varying tastes in shows.

That's more reason why you need to mention your own base rate. Mention one or two shows you found very appealing, then we can have an idea of where you're coming from.

Streetinvestor2:
Pls don't quote me again.make you dey your side.You look at a man and telll him he is arrogant. Say watin happen. Do you feed me or do i know you from adam.Pls get lost.

Be like say you are from Awka, those guys no dey tolerate nonsense at all at all... Why you come change am for am like this, shuoo.

Streetinvestor2:
Oga osita, you can see what I meant that banks will pump thr price before they come to market. They have started rolling the balls.i hope it was you we had that discussion in the past.what do you think will happen to bank stocks with this kind results we are seeing. Let see how the market reacts before they begin thr offers

I don't see any pumping here. The dollar has increased in value by more than 60%, so it is normal to record huge paper gains and substantial interest income on foreign investments. That is precisely what we are observing, nothing more.

If I were asked to present my own version of "hopeville", I would say that the Central Bank of Nigeria (CBN) already anticipated this situation, which is why they made such substantial requests, and the banks did not object because they knew the results would unfold in this manner.

In other words, once the Naira plunged in value, it was a near certainty that these excess gains would materialize.

ojesymsym:
lol... Based on this your explanation, failure rate go high.

Why is that so? Did you catch any inaccuracies in my mini-lecture? It is simple enough. All over the world, when purchasing government treasury bills, you don't pay the face value; you pay the discounted value. Then, at maturity, you get the face value.

So, paying the face value and getting a discount on the bid day in Nigerian banks is actually what I explained. The other point is about yield. Whether it's a treasury bill or any other form of investment, the yield is the return divided by the investment.

Don't come here and badmouth my consultancy business if you don't have any reason to do so. You don't need to like me, okay?

lajid:
I get the concept it’s still not making sense tho how they got the calculation, reason I asked

Now, pay attention to my mini masterclass in personal finance.

You invested 100,000 in Treasury Bills at a 16% discount rate. They pay 16,000 upfront (that is, at the start of the tenure, they return 16,000 to you). Effectively, they collected 84,000 from you, and at the end of the tenure, they pay you 100,000 (they call this the face value).

Now, pay attention very carefully, I am about to say something very important.

Yield is the extra money you get divided by initial investment. You invested 84,000 for the tenure and got an extra 16,000. The yield should be 19%, while the discount rate is 16%.

There will be a final exam on Monday.

Johnwrite:
We have just been hearing all these things for a very long time, how do you make money out of it

I believe someone here said, "Follow the money."

Learn to use clues from information like these to draw reasonable conclusions. The more confusing the situation, the better.

Remember that everyone has access to the same information as you, and will probably act on it, sweeping any informational advantage off the table. It is often the confusing information that gives you an advantage if you manage to position yourself on the right side.

KayOn1:
Just read thru all my posts from Pg.7740 onwards. Bros, I no see where I talk say DS result bad o except if eye don dey pain me. I only said, "make we see if e go fall another max today, then we will take it from there" which it did fall.

The next statement I made regarding DS was that Trends do not move in a straight line which you know except you wan dey economical with the truth.
I am always sympathetic when people loose their hard earned money in investment choices that don't pan out as they planned because I know raising capital is not easy but it still doesn't stop me from saying the hard truth.

Abeg, if you see where I talk say DS result bad, show me make I know when to begin go see my eye doctor.

Udo!!!

Sorry o, na one person them been dey call KarlTom talk am. I don do enough tik tok for today, I need to rest jare.

KayOn1:
Bros, Long grammar no dey pay again. All the grammar, " og-one ka o putalu na afia"
Start mopping up, we go buy from you later. Na your body go tell you.

You no go because you want to buy at bargain they talk something way dey incorrect.

DS never release Q1, u talk say they release and it is bad.

U talk say DS go dey fall, I talk say not necessarily, look at bids.

Some guy say Nascon bad, I talk say na FX make am bad small o cos dey still make profit, if not na very good eh be.

So, d coco be say, no dey add salt and pepper, cos somebody go correct you.

222Martins:
The negative result from Vitafoam seems to originate from Administrative expenses......... Administrative expenses jumped from 3,978,504,000 to 16,742,883,000... That is a whooping 320% increase.

Read the notes and you will find out that it is still due to foreign exchange losses, about 7 billion naira.

I noticed that companies that avoided reporting the foreign exchange losses in their annual results did so in this first quarter. I mean manufacturing companies. Service companies like NAHCO and some others didn't have this problem.

One exception is MTNN; it reported these losses in both reports.

PETERiCHY:
Why delete

For your information forbe richest list for 2024 is already out.

Now all 3 Dangote stock that was pumped to boost his networth are all currently on full offer. Dangcement. Dangsugar and Nascon.

We've been in this GAME for too long.

I have stopped taking any statements that are based on hopeville seriously; it is the new age of evidence-based reasoning.

It is a 20 naira stock abi, and we have people buying it in the millions. 100,000 units are even uncountable.

Maybe na money miss road, or corrupt politicians abi? Lol, you may not see it at 40 by nextweek sef, they way some people are swallowing it.

Streetinvestor2:
The nse is reflection of the economy. Guy naija red right now so what do you expect from companies. People are just looking for money to eat food.

No, that was not the issue. Revenue increased by almost 40%, while gross profit increased by 60%. In my opinion, NASCON performed very well. The problem lies with the exchange rate losses.

KarlTom:
DANGSUGAR Q1 loss is

Seems to be the reason for the sudden movement...

Be like say na only u see d Q1

KarlTom:
From 84 to 39.

Stay strong all DANGSUGAR faithfuls

From 18 to 84 and then to 39 in less than one year, don't distort information with half-truths.

Mrshape:
the difference two answers have 17 point something and two answers has around 25 point something with there difference only in the 2nd decimal place

What were the triangle's hypotenuse and adjacent side? Let me check something.

Mrshape:
On Tuesday morning, April 23rd, 2024, was set for my UTME examination. My center was close to my house, so at 6:20 am, I came out from the house hoping to catch an auto rickshaw . I left with my ATM card, ID card and my JAMB examination photo card. On getting to the junction, I observed there was no auto rickshaw, so I had to run down to the road before I was able to see a vehicle. I appreciated the running because it was an opportunity for me to do some exercise, which people had been advising me to take because of my sedentary nature due to work.

When I got to the center, it was not very crowded as I thought. I proceeded to the queue, and a man asked me if I could have my phone. I said no. After the thumb printing, we went further to the hall to sit down. Although there were not enough chairs the People organizing it were kind enough to release their chairs to students to sit down. I applaud them for that.

As I was about entered the main hall for the computers, it was advocated that ID card and ATM cards was not allowed, that it was part of the rules sent to us, so I had to go down and check for one of my fellow proprietors I saw around and I gave him my items so that I could pick them up when I'm done with the exam. I really appreciated that

I began with English, I was trying to navigate to find where to shortcut to transit it to mathematics, but I was unable to find a way out (maybe I it isa available but I don't know how to navigate it,but I later found out that I can move to the next by selecting the last question of the subject and clicking on next, this was when I was stuffing through the system in my third subject) The computer screen was not as big as I expected, so scrolling up and down was challenging. In the English section, I went to choose Hakini instead of Hakini because I didn't read the novel, I only listen to the audiobook,. I checked it up later, and it was Hakimi not Hakini, I failed that question, so UTME student sould listen and read the novel to be able to identify correct spellings as it is one of the aspect to be tested as outlined out in the English syllabus

Next was physics the physics was ok , *Next Mathematics I did well in this, except for a question asking to find the area of a triangle, given the angle between the two sides 40° which formula was 0.5 * a * b * sin 40°. It was unfortunate that 40° is not part of special angles. I was racking my brain on how to solve this. I know the sine of 30° and sin 60 = 0.8660, The option to the question was have same whole number with only a difference in the second decimal place, . This was the challenge was a challenge to identify the correct option. JAMB should stick to the agreement set questions using special angles only and if they are to go variant the options should be distinct son that a student should obviously be able to choose the correct option with knowledge of special angles and trigonometry graph visualization,
There was a question in my mathematics binary operation using LCM, I applaud JAMB for that question whoever set question is very smart, after solving it I smiled.

After my mathematics I was left with about 12 minutes for chemistry maybe I fell in love with the mathematics questions trying to look at the reason why each questions was set, well it was fun.

When I saw I have just 12 minutes remaining for chemistry I know this is not the time to start calculation in the chemistry I hurried move through the questions to find the ones can easily I identify the answer I click on then why the others I just used possible elimination to choice a possible answer
In total I am expecting
Mathematics around 98±2
English around 85±10
Physics around 89±8
Chemistry around 70±10
Total around 330 to 360

For the record I applied for BCE Mathematics I might go and study the course but I would have prefarerd Mathematics and Artificial intelligence but no school in Nigeria is offering it.

I think they may have wanted to test a few skills, even though there is no standard sin 40°, and it is not easy to get it with a trigonometric identity either. Then, you should have calculated for sin 30° and sin 45°. The area should be somewhere in between but closer to sin 45°. After that, go through the answers to see which one satisfies these inequalities.

Again dis nah hope no be evidence based reasoning. DS is done with foreign exchange loses. This Q1 should be fresh start, I also believe that they have reviewed unit prices to reflect what is on ground. Ok nah.

Mpeace:
Over 9million units sold so far. Its not adding up again.

This is enough reason to hold tight, nah my opinion o, no b MH oo.

Be like say some big people don see Q1.