₦airaland Forum

OBAGADAFFI:
Shocking


Dangote Flour is proposing a dividend of 60 kobo per share for the financial year 2016 as against 50 kobo per share in 2015.

Read more at: http://www.vanguardngr.com/2017/04/dangote-sugar-flour-total-revenue-84-8-n275-5bn/

If your information is from that report then you might have been misled. The 60k is for DS.
I don't expect DF to pay any dividend this year with the accumulated losses reported so far.However,this is Nigeria and anything can happen. Guess we have to wait further to get more Clarity on this.

Chibuking81:
I believed that dividend will follow their wonderful result, but as for now no result yet.
They have wonderful q3 2016 result .

Which one are you talking about?

fxuser:
- on full bid , no surprises

They should bring out the result joo..
I am tired of all this speculation.

chunkuli:
is this right? the div

I am not sure he is right about the dividend.
I am reading the audited account now and I'm yet to see any mention of dividend.

[quote author=Coolcash1 post=55342653]I just hope it won't be bloody today...Possible massive offloading[/quote

. People are not only buying okomu for the dividend but for the growth story. It is still a good result though the dividend yield is not encouraging.. Waiting for mr market to decide the price direction....

Mpeace:
Upon all the talk about this company, only 1.50k. For a stock selling at N52 its just too poor.

My brother,that is stock market for you. Apart from fundamentals and technicals, sentiment is a very important factor that affect prices in this our market.

Dumexoga:
The way so many people are crying more than the bereaved here,honestly I don't get it. We all are here to make money and not to discourage those with guts from doing wht they think works for them . I know how much people have made from oando since three days and people are here crying . If you did not buy oando ,pls allow those that bought to enjoy their loots. Nobody is dying inside oando ,we are all jumping in and out and making money. Business is all about risk,its either you win or you loose. So stop bad mouthing oando and allow those that are making money to enjoy their money . Even the stocks that gave dividend has not given anyone so much profit like oando has given since on Monay. Am outta here ,back to my spectator mood

If you have bought a good stock,you don't have to fret much about what people are saying on this forum. Stock prices do not respond to our analysis/opinion here.
It is all about sharing ideas,information and the like and in the process we learn one or two more things. Oando is making money for some people and will continue to do so.Goodluck to oando faithfuls.

"These conditions indicate the existence of material uncertainty which may cast significant doubt on the Company’s ability to continue as a going concern and,therefore,the Company may be unable to realise its assets and discharge its liabilities in the normal course of business. "

An extract from oando auditors note

BullBearMkt:
...I think the challenges most of us have is our mentality of BUY and KEEP; DIVIDEND HUNTING and old/conventional way of investing. These are great! But you do these successfully when your country's economy is buoyant. We are in recession (or just coming out); Crude oil price has been falling since 2014 & only started rising... lot of things are affecting OANDO and everything is shown on the stock price.

Making consistent money in stock market IS NOT "sheer guts and sometimes luck". You should know what you are doing. Anyone who rely on mother luck will sooner than later loose all his money in stock market...

Stock market price don't always tell you about a dying company.There is nothing like old mentality here. We all have different ways to approach the market and one of the most reliable ways of preserving your capital in stock market is to be able to read company financial and take a proactive step before others could see anything either positive or negative.
And before I forget,Oando problems started well before recession. When oando was selling at a very high price,those who knew then warned some of us about the danger ahead with oando and we didn't listen. I now understand better.

BullBearMkt:
Your assessment of the company's stock might be right or wrong, but I've learnt not to argue with MM. My advise is to follow your analysis (fundamental/technical) and know the right time to enter or exit a trade...

From the recent move of the stock, it definitely shows the company is doing something right. Sorry, I don't even know how to interpret coy results, but looking at the chart, OANDO price has been on the rise since Dec 2016. Even with billions of debts hanging on their neck, they are able to produce profit of 3.5billion after tax deduction (according to posts I've been reading)...

The coy might have sold some of their asset for several reasons; debt reduction, sell off unprofitable marginal fields, focus on good assets etc

It is only traders that will get excited at oando at this point in time.Anyone who is not adept at trading stocks on the NSE should stay away from oando. Signs of a dying company are glaring for those who are ready and can read financial reports. Of course people will make money from the stock but majority will get their fingers burnt.

Is like majority are not ready to sell their fidson.
I have been on the queue since Friday and na only tasere units I see buy.

pluto09:
$196 btc available at 385/$

Sold to Richard04.
Correct guy.

$196 btc available at 385/$

pluto09:
192 btc available for sale at 380/$

Sold

192 btc available for sale at 380/$

$190 btc available at 380

holm:
http://www.nse.com.ng/Financial_NewsDocs/17049_FIDSON_-_2016_AUDITED_ACCOUNTS_FINANCIAL_STATEMENTS_MARCH_2017.pdf

EPS - 21K

Dividend N0.05K

When will NSE remove the 50K threshold?

Fidson might have turned the corner. They did very well in q4 compare to the 1st 3 quarters.
Waiting to see what mr market does with this one in the next few days.

Ekpoma25:
So it is possible it may never be reported that the symbols traded (no matter how brief) above your defined 52wks Hi and Lo?

The high and low are not intedy definition but that of the market.
.

pluto09:
$190 btc available for sale @375/$

Still available

$190 btc available for sale @375/$

[quote author=kingxy post=55045839][/quote]Available

[quote author=okemuoo post=55045607][/quote]Meet me on whatapp

bigjay01:
I pity those that fell for the hype!

We sounded some note of caution to those who were ready to listen to other shades of opinion apart from the hype

OBAGADAFFI:
Are banks among the brokers?

Yes

OBAGADAFFI:
N22m won't buy TB anymore, the limit is now 50m

Let what will happen tomorrow.

MM decision is final.

You can still buy TB with just 1m.You just have to go with your broker's rate.

$150 btc available at 370/$

$204 btc available at 375

descrisom:
$15 btc for 480/$ if you like buy ,dollar don scarce back..

Ibraheem, don't monitor dis abeg!!

$30 btc needed at 380/$

orlaryhincah:
30 BTC Available @380

Smooth deal. Thumb up bros!

orlaryhincah:
30 BTC Available @380

I am talking to you on what's app

Coolcash1:
See my response earlier below, the bolded;

A company that is not making profit from its main operation and will only turn to accounting language to declare profit is just not an investment grade.

Coolcash1:
How is it questionable?

A loss of about 22b and a tax credit of about 39b?
Just wait let them release their q1 result.