I don't know why it's people with nothing to contribute that makes the loudest noise. Keep quiet, no. Say something useful, no. What kind of thing is this?

BabsO2:


That 2k dividend proposed is painful. They need to review it to at least 5 kobo.

But that EPS of 34K looks really good.


Book value also got upward review through revaluations. Book value per share is now solidly above N2.20. Quarter on quarter earnings per share is going up. Debt also going down gently. Will HOLD. And watch how next week pans out. And wait for 2022 Q1.

Two days of TRANSCORP trading gone post report release.

Watching Mr Market's first 5 days public Judgement.

Looks like most of the sell off even took place weeks before the results was made public.

NEM
Corporate Action:
Final Dividend: 0.22k
Qualification Date: 29th April, 2022
https://doclib.ngxgroup.com/Financial_NewsDocs/35416_NEM_INSURANCE_PLC%20PROPOSED_DIVIDEND_CORPORATE_ACTIONS.pdf

IMG (FORMERLY BOCGAS)
Board Resolution:
Bonus Script : 1:5 .......i.e. one new share for every existing 5 held.
https://doclib.ngxgroup.com/Financial_NewsDocs/35408_INDUSTRIAL__MEDICAL_GASES_NIGERIA_PLC%20_NOTICES_OF_BOAR.pdf

OANDO
* Postponed submission of 2019 Audited Financial Statement.........that it can't be ready by March 31st again...
* Envisaged submission of same on/before April 2022 ending.....
* Made a tentative schedule of how outstanding results will be released....

Q4 2021 AUDITED FINANCIALS
https://doclib.ngxgroup.com/Financial_NewsDocs/35418_BUA_CEMENT_PLC%20_AUDITED_FINANCIAL_STATEMENT_FOR_2021_F.pdf
https://doclib.ngxgroup.com/Financial_NewsDocs/35415_MEYER_PLC%20_AUDITED_FINANCIAL_STATEMENT_FOR_2021_FINANC.pdf
https://doclib.ngxgroup.com/Financial_NewsDocs/35413_SUNU_ASSURANCES_NIGERIA_PLC%20_AUDITED_FINANCIAL_STATEME.pdf
https://doclib.ngxgroup.com/Financial_NewsDocs/35410_NEM_INSURANCE_PLC%20_AUDITED_FINANCIAL_STATEMENT_FOR_20.pdf
https://doclib.ngxgroup.com/Financial_NewsDocs/35419_SOVEREIGN_TRUST_INSURANCE_PLC%20_AUDITED_FINANCIAL_STATE.pdf
https://doclib.ngxgroup.com/Financial_NewsDocs/35420_CAPITAL_HOTEL_PLC%20_AUDITED_FINANCIAL_STATEMENT_FOR_202.pdf
https://doclib.ngxgroup.com/Financial_NewsDocs/35423_MAY_AND_BAKER%20_AUDITED_FINANCIAL_STATEMENT_FOR_2021_FI.pdf
https://doclib.ngxgroup.com/Financial_NewsDocs/35430_LINKAGE_ASSURANCE_PLC%20_AUDITED_FINANCIAL_STATEMENT_FOR.pdf
https://doclib.ngxgroup.com/Financial_NewsDocs/35427_INFINITY_TRUST_MORTGAGE_BANK_PLC%20_AUDITED_FINANCIAL_ST.pdf
.

presiade:
Abeg, does morgancapital still use their zenith bank account number 1013840874? It's urgent and they are closed for the day I would have made a direct inquiry from their customer service.

Thanks.

Yes

RabbiDoracle:
Dear Onegentleguy and anyone feeling slighted by some posts.

Follow this Buddha teachings: Silence isn't empty; It is full of answers.

By the way OGG, I can see PZ doing its thing. Kudos on that pick.

Very well said

Anyone else notice how the meristem's service is becoming less and less effective by the day??

What happened to wema bank? Was it reconstructed??

Total on full offer.

Could it been that some people have seen the result

dpacificheraclx:
Anyone else notice how the meristem's service is becoming less and less effective by the day??

I am beginning to think Meristem is interested in another business. Or they only give attention to clients who have huge funds with them.

dpacificheraclx:
Anyone else notice how the meristem's service is becoming less and less effective by the day??

what you have thr are bunch of people who don't take the job serious. Any one opening account thr will definitely regret it.They think they are doing you a favor with your own money with the kind services

dpacificheraclx:
Anyone else notice how the meristem's service is becoming less and less effective by the day??

Not only Meristem ,even Armstocktrade

pizapato:
Total on full offer.

Could it been that some people have seen the result

Not impossible

Looking at the price trend of Transcorp. The Price went up the whole of February. With a peak of N1.34 during the day of Thursday the 24th. As if the word was oozing out that a good result has been baked. Could crystal ball gazers using TA with or without connection to stock-trade execution systems spot this apart from those acting on any spills from internal accountants and external auditors.

But by Monday the 28th of February the price started going down. The board meeting that was to hold the next day 1st of March was cancelled. The public were notified I guess at the close of business on Tuesday that the board meeting was cancelled. But somehow the price even started dropping a day ahead of this notification to the public.

The price continued it's downward journey till Friday the 25th of March with a closing price of N1.07. The public got the results and dividend announcement after the close of business of this Friday the 25th of March.

For Transcorp, seems some people acted on the good results that was not yet released to the public that they got wind of using TA or whatever. And also acted to exit on the poor dividend payout proposed by management somehow ahead of notification to the public.

For Total perhaps some have got wind of not too good results or are just speculating using TA etc.

dpacificheraclx:
Anyone else notice how the meristem's service is becoming less and less effective by the day??

Be specific


I moved one of my accounts to Meristem Securities and I am enjoying the service

BabsO2:


Not impossible

Looking at the price trend of Transcorp. The Price went up the whole of February. With a peak of N1.34 during the day of Thursday the 24th. As if the word was oozing out that a good result has been baked. Could crystal ball gazers using TA with or without connection to stock-trade execution systems spot this apart from those acting on any spills from internal accountants and external auditors.

But by Monday the 28th of February the price started going down. The board meeting that was to hold the next day 1st of March was cancelled. The public were notified I guess at the close of business on Tuesday that the board meeting was cancelled. But somehow the price even started dropping a day ahead of this notification to the public.

The price continued it's downward journey till Friday the 25th of March with a closing price of N1.07. The public got the results and dividend announcement after the close of business of this Friday the 25th of March.

For Transcorp, seems some people acted on the good results that was not yet released to the public that they got wind of using TA or whatever. And also acted to exit on the poor dividend payout proposed by management somehow ahead of notification to the public.

For Total perhaps some have got wind of not too good results or are just speculating using TA etc.

Total have since released unaudited result which was quite fantastic. 711% increase in profit after tax. With eps moving from 6naira to 49naira. Its hard to tell why they are leaving. Something tells me its the foreign investors leaving after the terrorist attack on rail stations, airports etc and nature of things in the country.

Mpeace:
Total have since released unaudited result which was quite fantastic. 711% increase in profit after tax. With eps moving from 6naira to 49naira. Its hard to tell why they are leaving. Something tells me its the foreign investors leaving after the terrorist attack on rail stations, airports etc and nature of things in the country.

That should present more buying opportunities for local investors then. Especially those that were praying for the price not to leave the N240 range. Their prays may have been answered. And may even get it lower

ZENITH
Doing what it likes to do best..........
Ex-div price was 24.10.........now trading @23/22.95 below GTCO's price.........working towards presenting better bargain.....

WEMA BANK
Wema is back post reconstruction of 3:1........
Opened @2.76

UCAP
Q1 2022 should be getting close...

Do not buy or sell any share on NGX or any other exchange, because someone you think knows better recommended it.

The true analysts are just humans like you. They look out for trends and predict based on it while others study the financial statements and economic outlook.

Even more, the self acclaimed analysts do none of these. they accumulate a stock pile of posts with recommendations on all the stock in the exchange, so they can fall back on them and say "I recommended it before' later.

Get out of your ignorance. Study the same trends. Study the Financial statements. Come to your conclusions.

Buy that stock because you have a reason to. That's called due diligence. Even when they crowd dislikes the stock, if you see a reason to get it, buy it!

When the tide turns green, your reason will justify your efforts.

If the tide goes against you, always remember your reason for buying and that will help you get through the reds.

Shalom

By the way, I see a pattern reoccurring in UBA.

I don't know where it will fall to but that stock will test supports soon.

DO NO BUY IT AT CURRENT PRICE!

That's a fluke. If you sort orders by price, you will see the wedge holding supporting the stock from falling. That's obviously a market maker and not a true bid.

Saw same happen last year (I wonder why they don't bring new tricks every year)

Once that wedge is taken off, it will fall like others. MIGHT trade as low as N6.5 or less but no guarantees.

Do your due diligence and have a reason for buying.

goody234:
OK my learned guys i have 200k where should i put it ...i am eyeing Total and academy press ..ogas in the house we wait

Buying opportunities have started popping up man!

Start looking at investing that your N200k

Peace

im ok with this GTCO/ Zenith Sub 23 entry price.....so im packing it, to the elders in the house, anything i should know before i spend all my money??

gbengafaro1986:
im ok with this GTCO/ Zenith Sub 23 entry price.....so im packing it, to the elders in the house, anything i should know before i spend all my money??

I am not an elder in the house but I think you should buy in tranches.

Don't spend all your money in one day.

Nobody can predict where the bottom is

ZENITH
Sighted @22.50...........top notch mastery in dumping contest.......
Peter will not start picking in tranches now, but will be waiting @sub 10........
Count Mcy out of those who will reply to questions like "is Zenith good for pick @24 or 25" when it reverses up....

In another news, ETI is getting lots of attention and picks @11.90/12......

MTNN: Inching up slowly and gradually........sighted @N210....

gbengafaro1986:
im ok with this GTCO/ Zenith Sub 23 entry price.....so im packing it, to the elders in the house, anything i should know before i spend all my money??

If you're ok with locking in 13.5% in dividends, then lock in with Zenith right. Personally, I am ok with 11-13% from Zenith/GT. If it goes lower after my purchase, that will motivate me to buy more to lock in even higher rate of return.

dpacificheraclx:
Anyone else notice how the meristem's service is becoming less and less effective by the day??

Haven't noticed any change in their services at all. Meristem has been good to me oh except for their high charges

Curry30:


Haven't noticed any change in their services at all. Meristem has been good to me oh except for their high charges

Same here, Meristem is more than a Stockbroking firm. They are a partner in wealth creation.

I got a loan from Meristem Finance Limited less than 72 hours after I moved my account to them, the loan was used to renovate a property and the rental income will be used to liquidate the loan.


At 18% per annum

emmanuelewumi:



Same here, Meristem is more than a Stockbroking firm. They are a partner in wealth creation.

I got a loan from Meristem Finance Limited less than 72 hours after I moved my account to them, the loan was used to renovate a property and the rental income will be used to liquidate the loan.


At 18% per annum

This is good news.

emmanuelewumi:



Same here, Meristem is more than a Stockbroking firm. They are a partner in wealth creation.

I got a loan from Meristem Finance Limited less than 72 hours after I moved my account to them, the loan was used to renovate a property and the rental income will be used to liquidate the loan.


At 18% per annum

This is nice. Really nice.

I remember when I had issues with my UBA dividend 2years ago. Their CS agent handled everything and as promised 10 days after i complained, I got my dividends. So for me Meristem is doing well.

emmanuelewumi:



Same here, Meristem is more than a Stockbroking firm. They are a partner in wealth creation.

I got a loan from Meristem Finance Limited less than 72 hours after I moved my account to them, the loan was used to renovate a property and the rental income will be used to liquidate the loan.


At 18% per annum

Other houses will only give their customers loans to buy shares, but Meristem and Investment One will give loans to expand your business, diversify your Investments, clear your goods at the port, fix urgent cash flow needs etc, provided you have enough collateral and you can pay back within 12 months

Curry30:


This is nice. Really nice.

I remember when I had issues with my UBA dividend 2years ago. Their CS agent handled everything and as promised 10 days after i complained, I got my dividends. So for me Meristem is doing well.

You see why I am tempted to say they only work with clients who have huge funds with them.
I bought my 1st set of shares with Meristem 7 years ago. One of them is UBA. I have have not collected any UBA dividend for these years. In 2019 I started complaining via emails, filled e-mandates forms many times. Nothing changed. They sometimes forget about my email, till I send a reminder.
I bought Diamond Bank in 2018. When Access Bank acquired Diamond, I was to get 10k cash and my stocks converted to Access bank's. Till today I have not seen the cash and didn't get any explanation except I should submit e-mandate form that I already did. I only recently got my Access dividends of past years few weeks ago.
You see? Our experiences are as wide apart as the North and South poles

https://doclib.ngxgroup.com/Financial_NewsDocs/35440_UAC__OF_NIGERIA_PLC%20_AUDITED_FINANCIAL_STATEMENT_FOR_.pdf
UACN is out. Eps and PAT fell.
Dividend of 65kobo as against 1.20Naira of last year.
Dividend is coming from eps of 63kobo.

Curiouscity:


You see why I am tempted to say they only work with clients who have huge funds with them.
I bought my 1st set of shares with Meristem 7 years ago. One of them is UBA. I have have not collected any UBA dividend for these years. In 2019 I started complaining via emails, filled e-mandates forms many times. Nothing changed. They sometimes forget about my email, till I send a reminder.
I bought Diamond Bank in 2018. When Access Bank acquired Diamond, I was to get 10k cash and my stocks converted to Access bank's. Till today I have not seen the cash and didn't get any explanation except I should submit e-mandate form that I already did. I only recently got my Access dividends of past years few weeks ago.
You see? Our experiences are as wide apart as the North and South poles

Note that anything that has to do with dividend is between the registrars, the company and the investor. The only time your stockbroker is involved is when you decide to get your signature specimen to the registrar through them completing a transfer form which the broker will sent to cscs on your behalf and cscs in turn will send to the registrars involved before you can send your mandate to the registrar.

Payment of dividend is not dependent on the stockbroker you bought your stock with.
However, some Brokers will take up the services of helping clients recover unclaimed dividend- that is additional service and usually with a cost.

Please note I'm not making case for meristem, neither do I work there. I'm just giving what is obtainable as per usual practice in the industry.