Diyke4rich:
My zenith is not in yet, please when did they pay the interim

13th September

emmasoft:


Thank you my oga for throwing more light. Some folks seems to be surprise on the upward movement of mmf rates.
Watch out for more rally in rate all things being equal.

The upward money of MMF rates is not too good for the stock market

emmanuelewumi:



The upward money of MMF rates is not too good for the stock market

True. The two always on inverse relationship except in cases the economy is doing well and more foreign inflow find their way in.

*�Final Dividends Paid/Payable in September So Far*

• FMN *✔️(Paid)*
Prop Div.....N2.15
PD....Sept 8
QD....Aug 18, CDR....Aug 19.
Paymaster; *Atlas*

• NNFM *✔️(Paid)*
Prop Div.....25k
PD....Sept 9
QD....Aug 23
CDR....Aug 24-26.
Paymaster; *Atlas*

• UPDC REITs
Prop Distr.....17k
PD....Sept 14
QD....N/A
CDR....Sept 5
Paymaster; *First*

• UBN Property
Prop Div...2k
PD....Sept 22
QD....Sept 16
CDR....Sept 12-16.
Paymaster; *CardinalStone*

• Afriland Properties
Prop Div....10k
PD....Sept 23
QD....Sept 5
CDR....Sept 6-13
Paymaster; *African Prudential*

• Academy Press
Prop Div....10k
PD....Sept 29
Bon....1 for 4
QD....Sept 16
CDR....Sept 19-23.
Paymaster; *Pace*

• University Press
Prop Div....10k
PD....Sept 29
QD....Aug 31
CDR....Sept 1-6.
Paymaster; *GTL*

• Learn Africa
Prop Div....20k
PD...Sept 30
QD...Sept 9
CDR....Sept 12-16.
Paymaster; *First*

*Interim Dividend & Bonus Monitor 2022* ��‍�
_(Tracking & Compilation Monitor)_

� *(A). Interim Dividend*

*• Fidelity Bank*
ID... *10k*
PD....Sept 20,
QD.....Sept 12
Paymaster; *First Reg*

*• Stanbic IBTC*
ID... *N1.50*
PD....Sept 21,
QD.....Sept 6
Paymaster; *First Reg*

*• UBA*
ID... *20k*
PD....Sept 29,
QD.....Sept 22
Paymaster; *African Prudential Reg*

*• GTCO*
ID... *30k*
PD....Sept 30,
QD.....Sept 20
Paymaster; *DataMax Reg*

*• UPDC REIT ✔️(Paid)*
ID... *18k*
PD....Jan 10, 2022
QD.....Dec 30, 2021
Paymaster; *First*

*• Access Holdings ✔️(Paid)*
ID.... *70k*
PD....Apr 28
QD....Apr 19
Paymaster; *Coronation*

*• Seplat ✔️(Paid)*
ID... *2.5 Cents*
PD....June 24,
QD.....May 30
Paymaster; *Datamax Reg*

*• MTN Nig ✔️(Paid)*
ID... *N5.60*
PD....Aug 26,
QD.....Aug 18
Paymaster; *Coronation Reg*

*• Okomu Oil ✔️(Paid)*
ID... *N7.00*
PD....Aug 29,
QD.....Aug 22
Paymaster; *CardinalStone Reg*

*• Custodian ✔️(Paid)*
ID... *10k*
PD....Sept 1,
QD.....Aug 19
Paymaster; *Meristem Reg*

*• Seplat ✔️(Paid)*
ID... *2.5 Cents*
PD....Sept 9,
QD.....Aug 12
Paymaster; *Datamax Reg*

*• Zenith Bank ✔️(Paid)*
ID... *30k*
PD....Sept 13,
QD.....Sept 6
Paymaster; *Veritas Reg*


� *(B). Bonus*

*• Friesland Wamco*
Bon... *1 for 1*
QD.....Apr 28
Registrars; *First*

*• VFD Group*
Bon... *1 for 2*
QD.....May 13
Registrars; *African Prudential*

*• NPF MFB*
Bon... *1 for 9*
QD.....May 27
Registrars; *CardinalStone*

*• Tranex*
Bon... *1 for 16*
QD.....June 3
Registrars; *CardinalStone*

*• IMG*
Bon... *1 for 5*
QD.....June 9
Registrars; *First*

*• Beta Glass*
Bon... *1 for 5*
QD.....June 10
Registrars; *CardinalStone*

*• NASD*
Bon... *1 for 10*
QD.....June 22
Registrars; *Coronation*

*• Mcnichols*
Bon... *6 for 5*
QD.....June 30
Registrars; *coronation*

*• MRS Oil*
Bon... *1 for 8*
QD.....July 1
Registrars; *First*

*• Fidson*
Bon... *1 for 10*
QD...July 8
Registrars; *Meristem*

*• NAHCO*
Bon... *1 for 5*
QD.....July 15
Registrars; *CardinalStone*

*• Academy Press*
Bon... *1 for 4*
QD.....Sept 16
Registrars; *Pace*

Fidelity Bank Plc has notified the Nigerian Exchange and the investing public that the Company has scheduled an Extra-ordinary General meeting to finalise discussions regarding the issue the 3,037,414,308 unissued Ordinary Shares of 50 kobo each in the share capital of the Company by way of Private Placement.

In a notice signed by the Company Secretary, an Extra-Ordinary General Meeting of members of Fidelity Bank Plc will hold at 10.00a.m. on Thursday, September 29, 2022 at Jupiter Hall, Four Points by Sheraton, Plot 9/10, Block 2, Oniru, Victoria Island, Lagos to discuss the following business:

“That in furtherance of the provisions of Section 124 of the Companies and Allied Matters Act, 2020 and the Companies Regulations 2021, and pursuant to Paragraphs 9 and 10 of the Articles of Association of the Company, the Board of Directors of the Company be and is hereby authorised to issue, by way of Private Placement, the 3,037,414,308 unissued Ordinary Shares of 50 kobo each in the share capital of the Company (being not more than 30% of the Company’s existing issued shares and paid up capital) to potential investors.

That the Private Placement shall be carried out in conformity with applicable laws and subject to procurement of all regulatory approvals.

That the members in recognition of the need to ensure that the Company’s share capital is aligned with the requirements under applicable laws, hereby waive their pre-emptive rights in respect of the 3,037,414,308 unissued Ordinary Shares of 50 kobo each, to be issued by the Company by way of Private Placement.

That the said shares issued in accordance with resolution above shall rank pari-passu with the Company’s existing issued shares.

That the Board of Directors be and is hereby authorised to perform all such lawful acts as are necessary to give effect to the above listed resolutions including but not limited to ensuring compliance with all regulatory procedures and requirements, obtaining all required approvals and filing within time, all regulatory returns in relation to the above resolutions”.

Please, could you explain the bonus for Nahco? Thank you.

essentialone:
*Interim Dividend & Bonus Monitor 2022* ��‍�
_(Tracking & Compilation Monitor)_

� *

*• NAHCO*
Bon... *1 for 5*
QD.....July 15
Registrars; *CardinalStone*

*• Academy Press*
Bon... *1 for 4*
QD.....Sept 16
Registrars; *Pace*

Diyke4rich:
My zenith is not in yet, please when did they pay the interim

Same here.

ggoldmine:
Please, could you explain the bonus for Nahco? Thank you.

Divide the number of units you have by 5.

The number you get is the total number of new free shares that will be added to your portfolio

If you had 5,000 units of NAHCO, extra 1,000 units will be added to your stocks . Now you will have 6,000 units

The meeting will be streamed online. Link will be on the company's website

essentialone:
Fidelity Bank Plc has notified the Nigerian Exchange and the investing public that the Company has scheduled an Extra-ordinary General meeting to finalise discussions regarding the issue the 3,037,414,308 unissued Ordinary Shares of 50 kobo each in the share capital of the Company by way of Private Placement.

In a notice signed by the Company Secretary, an Extra-Ordinary General Meeting of members of Fidelity Bank Plc will hold at 10.00a.m. on Thursday, September 29, 2022 at Jupiter Hall, Four Points by Sheraton, Plot 9/10, Block 2, Oniru, Victoria Island, Lagos to discuss the following business:

“That in furtherance of the provisions of Section 124 of the Companies and Allied Matters Act, 2020 and the Companies Regulations 2021, and pursuant to Paragraphs 9 and 10 of the Articles of Association of the Company, the Board of Directors of the Company be and is hereby authorised to issue, by way of Private Placement, the 3,037,414,308 unissued Ordinary Shares of 50 kobo each in the share capital of the Company (being not more than 30% of the Company’s existing issued shares and paid up capital) to potential investors.

That the Private Placement shall be carried out in conformity with applicable laws and subject to procurement of all regulatory approvals.

That the members in recognition of the need to ensure that the Company’s share capital is aligned with the requirements under applicable laws, hereby waive their pre-emptive rights in respect of the 3,037,414,308 unissued Ordinary Shares of 50 kobo each, to be issued by the Company by way of Private Placement.

That the said shares issued in accordance with resolution above shall rank pari-passu with the Company’s existing issued shares.

That the Board of Directors be and is hereby authorised to perform all such lawful acts as are necessary to give effect to the above listed resolutions including but not limited to ensuring compliance with all regulatory procedures and requirements, obtaining all required approvals and filing within time, all regulatory returns in relation to the above resolutions”.

Much vawulence for ZENITH corner today......
Dumper dumping @19.50, bargainers also picking at that junction......
Guess the politicians are the ones dumping to prepare for campaign........just a guess....
They're surely coming back after election....
It's well o.


COURTVILLE: Huge cross deals yesterday and today @0.47........
Some entities or Directors crossing.....
We await further info on the delisting process....

Thank you. But this didn't reflect on my stock. I only received the money.

essentialone:


Divide the number of units you have by 5.

The number you get is the total number of new free shares that will be added to your portfolio

If you had 5,000 units of NAHCO, extra 1,000 units will be added to your stocks . Now you will have 6,000 units

ggoldmine:
Thank you. But this didn't reflect on my stock. I only received the money.

The date to credit bonus shares is not normally stated. Once it has been approved and you qualified then just keep checking with your broker it will be credited by the registrar through cscs and your broker then an advice to that effect will be sent from the registrar to your mailbox.

A classic P & D appears to be playing out in a stock that has dividends QD on Friday.

When you observe the chart, a bull flag has been formed on the weekly, the giveaway is the mismatch between the price move and the associated volume.

Don't be the one holding the bag because you want dividends - nothing is free in the markets.

emmanuelewumi:



You don't pay tax on Money Market Fund dividends

I think he meant after deductions. AxaMansard is the only fund manager that's transparent about this. They always state both the gross rate and the net rate on their website.

seyisanya:
I think he meant after deductions. AxaMansard is the only fund manager that's transparent about this. They always state both the gross rate and the net rate on their website.

Please note that the stated rate for CMMF from FSDH is the net.

seyisanya:
I think he meant after deductions. AxaMansard is the only fund manager that's transparent about this. They always state both the gross rate and the net rate on their website.

Your return is the net rate, management fee is usually 1% of the value of the asset under management which is calculated daily

emmasoft:


Please note that the stated rate for CMMF from FSDH is the net.

The stated rates are usually the net

emmanuelewumi:


Your return is the net rate, management fee is usually 1% of the value of the asset under management which is calculated daily

This is from AXAMansard website.

thesilentone:
A classic P & D appears to be playing out in a stock that has dividends QD on Friday.

When you observe the chart, a bull flag has been formed on the weekly, the giveaway is the mismatch between the price move and the associated volume.

Don't be the one holding the bag because you want dividends - nothing is free in the markets.

Kowaatiate ooo

thesilentone:
A classic P & D appears to be playing out in a stock that has dividends QD on Friday.

When you observe the chart, a bull flag has been formed on the weekly, the giveaway is the mismatch between the price move and the associated volume.

Don't be the one holding the bag because you want dividends - nothing is free in the markets.

Premium tears loading for the conspirators, if so. They can't execute a successful P & D at that price point in this market.

essentialone:
Fidelity Bank Plc has notified the Nigerian Exchange and the investing public that the Company has scheduled an Extra-ordinary General meeting to finalise discussions regarding the issue the 3,037,414,308 unissued Ordinary Shares of 50 kobo each in the share capital of the Company by way of Private Placement.

“That in furtherance of the provisions of Section 124 of the Companies and Allied Matters Act, 2020 and the Companies Regulations 2021, and pursuant to Paragraphs 9 and 10 of the Articles of Association of the Company, the Board of Directors of the Company be and is hereby authorised to issue, by way of Private Placement, the 3,037,414,308 unissued Ordinary Shares of 50 kobo each in the share capital of the Company (being not more than 30% of the Company’s existing issued shares and paid up capital) to potential investors.

That the members in recognition of the need to ensure that the Company’s share capital is aligned with the requirements under applicable laws, hereby waive their pre-emptive rights in respect of the 3,037,414,308 unissued Ordinary Shares of 50 kobo each, to be issued by the Company by way of Private Placement.

That the said shares issued in accordance with resolution above shall rank pari-passu with the Company’s existing issued shares.

That the Board of Directors be and is hereby authorised to perform all such lawful acts as are necessary to give effect to the above listed resolutions including but not limited to ensuring compliance with all regulatory procedures and requirements, obtaining all required approvals and filing within time, all regulatory returns in relation to the above resolutions”.

This private placement of shares exercise is an interesting and curious case for the bank. Moreso especially as the shares to be placed will amount to 9.5% of total authorized and issued shares of the bank post placement (32 billion unites).

So far as i know, apart from NPF Microfinance Bank, most other companies that have sought compliance with the Finance Act 2021 have either cancelled he unissued shares in their books or given to shareholders as bonus issues.

For Fidelity Bank aficionados, questions begging for answers are

1. Is the private placement going to be made to an individual entity, group of entities etc?
2. If it is to be made to an entity, why grant 9.5% of shareholding to an entity at this time especially as the 2021 audited accounts indicate that no single entity owned up to 5% of the shares of the bank (we know that this may not be entirely correct as an individual or family likely controls several entities that own lots of sub 5% holdings in the bank)
3. Is a new major shareholder coming on board? Is the private placement to an existing major investor? The former case is most probable as the existing investor is more likely to be a net seller than buyer to enable it fund a major project over the next 6 months.
4. Is there any urgent need to raise cash from outside? As far as i know the only major expansion/acquisition by the bank in the public domain is purchase of Union Bank UK. Its free cash flow is healthy enough to fund this. Why engage in dilutive private placement of shares?

Just questions to ponder.

https://doclib.ngxgroup.com/Financial_NewsDocs/36753_ACCESS_HOLDINGS_PLC%20_QUARTER_2_%20_FINANCIAL_STATEMENT_F.pdf

Yeye access bank. They have reduced their interim dividend rate to 20kobo.
Flat result with eps of 252kobo from 248kobo

emmasoft:


Thank you my oga for throwing more light. Some folks seems to be surprise on the upward movement of mmf rates.
Watch out for more rally in rate all things being equal.

The twelve month NITTY is currently at 9.26%. Replay of 2016-2018 about to happen when it crosses 15%

emmasoft:


Exactly, apart from better rate a no WHT on dividend is one of the advantages of mmf over fixed deposit and some other investment windows.

Please is WHT deducted on FI mutual funds because FBN FI is above 11%.

Thanks

joboy834:


Please is WHT deducted on FI mutual funds because FBN FI is above 11%.

Thanks

Please note FBN FI is not a MMF, the underlying assets and method of reward differ with the fact that the risk level is moderate as compared to MMF which is a low risk so they are not to be compared. However, there is no deduction of WHT and it's general to mutual funds.

ACCESS BANK RESULT IS OUT, N0.20K dividend:

https://doclib.ngxgroup.com/Financial_NewsDocs/36753_ACCESS_HOLDINGS_PLC%20_QUARTER_2_%20_FINANCIAL_STATEMENT_F.pdf

Impressive result.

dharpzee:
ACCESS BANK RESULT IS OUT, N0.20K dividend:

https://doclib.ngxgroup.com/Financial_NewsDocs/36753_ACCESS_HOLDINGS_PLC%20_QUARTER_2_%20_FINANCIAL_STATEMENT_F.pdf

Impressive result.

Access result get small manipulations special reporting technic that made the profit after tax look too good.
Eps was however almost flat.

https://africanfinancials.com/document/ng-updc-2022-ir-hy/

TLAX:


Premium tears loading for the conspirators, if so. They can't execute a successful P & D at that price point in this market.

Is it Academy Press?

I will be watching with my popcorn in hand. After weeks of keeping it stable at that point, only greed will have kept them in.

The game is the game.

TLAX:


Premium tears loading for the conspirators, if so. They can't execute a successful P & D at that price point in this market.

You have raised cogent questions. I think the idea was floated at the last AGM - it is available on Youtube (3hrs watch). The board was left to come up with a decision. I guess this is what they concluded.

Some of these questions might be raised at the upcoming meeting.

PS: There's a reason some of us don't enjoy fundamental analysis - it is subject to the whims of a few people.

TLAX:


This private placement of shares exercise is an interesting and curious case for the bank. Moreso especially as the shares to be placed will amount to 9.5% of total authorized and issued shares of the bank post placement (32 billion unites).

So far as i know, apart from NPF Microfinance Bank, most other companies that have sought compliance with the Finance Act 2021 have either cancelled he unissued shares in their books or given to shareholders as bonus issues.

For Fidelity Bank aficionados, questions begging for answers are

1. Is the private placement going to be made to an individual entity, group of entities etc?
2. If it is to be made to an entity, why grant 9.5% of shareholding to an entity at this time especially as the 2021 audited accounts indicate that no single entity owned up to 5% of the shares of the bank (we know that this may not be entirely correct as an individual or family likely controls several entities that own lots of sub 5% holdings in the bank)
3. Is a new major shareholder coming on board? Is the private placement to an existing major investor? The former case is most probable as the existing investor is more likely to be a net seller than buyer to enable it fund a major project over the next 6 months.
4. Is there any urgent need to raise cash from outside? As far as i know the only major expansion/acquisition by the bank in the public domain is purchase of Union Bank UK. Its free cash flow is healthy enough to fund this. Why engage in dilutive private placement of shares?

Just questions to ponder.