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Re: Nigerian Stock Exchange Market Pick Alerts by BullBearMkt(m): 7:07pm On Mar 28, 2023 |
Dum20:...absolutely correct! Data talks. |
Re: Nigerian Stock Exchange Market Pick Alerts by OBAGADAFFI: 7:09pm On Mar 28, 2023 |
Zenith Bank declared N3.20 as final dividend 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by Ades1: 7:18pm On Mar 28, 2023 |
OBAGADAFFI: WOW! Link? If true, I am happy! I wasn't expecting any increases |
Re: Nigerian Stock Exchange Market Pick Alerts by onegentleguy: 7:29pm On Mar 28, 2023 |
Getting filters (unconfirmed) that ZENITH BANK will be declaring a N3.20 dividend for it's YE, 2022 financial yr. Again, it's unconfirmed. Even a N3 payout would be just fine! CAVEAT: NOT to be inferred as any sought of financial advice. It is well. |
Re: Nigerian Stock Exchange Market Pick Alerts by emmasoft(m): 7:37pm On Mar 28, 2023 |
onegentleguy: No the final dividend is 2.90 30k interim added to have 3.20 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by Ades1: 7:38pm On Mar 28, 2023 |
OBAGADAFFI: Found the link. https://doclib.ngxgroup.com/Financial_NewsDocs/Zenith_Bank_Plc_-_2022_AFS.pdf 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by onegentleguy: 7:39pm On Mar 28, 2023 |
onegentleguy: Confirmed... but the purported amount actually includes the 30 kobo interim dividend in 2022. So N2.90 as final div payout. PLUS 30 kobo interim div =N3.20 An approx 3.23% improvement in total payout from previous year guide. (ref: 2021) 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by seyisanya(m): 7:40pm On Mar 28, 2023 |
OBAGADAFFI:...total dividend! 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by leparj(m): 7:47pm On Mar 28, 2023 |
onegentleguy: |
Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 7:55pm On Mar 28, 2023 |
If Zenith Bank can have N123B impairments, then there will definitely be issues with other banks. Net income higher but Net income after impairments lower PBT flat PAT lower. 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by Mfunkynation(m): 8:04pm On Mar 28, 2023 |
leparj:I use Access, am yet to receive |
Re: Nigerian Stock Exchange Market Pick Alerts by Mfunkynation(m): 8:08pm On Mar 28, 2023 |
RabbiDoracle:Chai... Other banks go see gbosa.. I think GTB wanted Zee to do first before them do abracadabra to align with dividend 3 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by GreatEko: 8:14pm On Mar 28, 2023 |
RabbiDoracle: Have you looked at their contingent liabilities? 4 Likes
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Re: Nigerian Stock Exchange Market Pick Alerts by Lion123: 8:15pm On Mar 28, 2023 |
Mfunkynation: That's what gtbank always does. No originality 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 8:22pm On Mar 28, 2023 |
GreatEko: I didn't go through the whole result. But this legal liability is debatable. Many companies have such. But the one that spooked me was the decline across board and the huge impairments. What will ETI be extrapolated to based on that their 9M 2022? If it is based on what was contained in that 9M 2022 and more impairments considering Q4, that could come as a huge red flag. |
Re: Nigerian Stock Exchange Market Pick Alerts by yMcy56(f): 8:27pm On Mar 28, 2023 |
ZENITH Final Dividend: N2.90k Qualification Date: 14th April, 2023 Payment Date: 2nd May, 2023 Registrar: Veritas https://doclib.ngxgroup.com/Financial_NewsDocs/37914_ZENITH_BANK_PLC-ZENITH_BANK_PLC__CORPORATE_ACTION__CORPORATE_ACTIONS_MARCH_2023.pdf * Nice one from Zenith! * Total Dividend for 2022 FYE (Interim + Final) = N3.20k CADBURY Final Dividend: 0.40k Qualification Date: 4th June, 2023 Payment Date: 27th June, 2023 Registrar: First Registrars https://doclib.ngxgroup.com/Financial_NewsDocs/37904_CADBURY_NIGERIA_PLC.-CORPORATE_DISCLOSURE_CORPORATE_ACTIONS_MARCH_2023.pdf ** A positive devpt from Cadbury. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by yMcy56(f): 8:40pm On Mar 28, 2023 |
yMcy56:March 27 post. The activities of those guys speaks louder in yesterday's market. Now this is what they saw ahead - announcement of Div today. |
Re: Nigerian Stock Exchange Market Pick Alerts by Agbalowomeri: 8:45pm On Mar 28, 2023 |
Lion123: Make GTBank gimme 2.7 make I use dirty eyes fess |
Re: Nigerian Stock Exchange Market Pick Alerts by Lion123: 8:57pm On Mar 28, 2023 |
My heart goes out to Oando shareholders. N141 billion loss whereas Wale Tinubu dey gallivant with Private jet. Heartless. 6 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by beejay1(m): 9:16pm On Mar 28, 2023 |
Not necessarily in my own opinion @Lion123....may be best to go through the entire result, to get a balanced view. Also, note this is 2020 audited result. Note, this is just my opinion. https://doclib.ngxgroup.com/Financial_NewsDocs/37916_OANDO_PLC-_QUARTER_5_-_FINANCIAL_STATEMENT_FOR_2020_FINANCIAL_STATEMENTS_MARCH_2023.pdf 3 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by beejay1(m): 9:20pm On Mar 28, 2023 |
https://doclib.ngxgroup.com/Financial_NewsDocs/37917_OANDO_PLC-_QUARTER_1_-_FINANCIAL_STATEMENT_FOR_2021_FINANCIAL_STATEMENTS_MARCH_2023.pdf https://doclib.ngxgroup.com/Financial_NewsDocs/37918_OANDO_PLC-_QUARTER_2_-_FINANCIAL_STATEMENT_FOR_2021_FINANCIAL_STATEMENTS_MARCH_2023.pdf https://doclib.ngxgroup.com/Financial_NewsDocs/37919_OANDO_PLC-_QUARTER_3_-_FINANCIAL_STATEMENT_FOR_2021_FINANCIAL_STATEMENTS_MARCH_2023.pdf https://doclib.ngxgroup.com/Financial_NewsDocs/37920_OANDO_PLC-_QUARTER_5_-_FINANCIAL_STATEMENT_FOR_2021_FINANCIAL_STATEMENTS_MARCH_2023.pdf 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by emmasoft(m): 10:03pm On Mar 28, 2023 |
Mpeace: Share Price shall be the average closing price of the Company's shares for 5 consecutive trading days traded on Nigerian Exchange Limited starting on March 28, 2023 and ending on April 3, 2023 (both days inclusive). The above is extracted from the link below https://coronationregistrars.cloud.processmaker.net/public-files/Registrars/AGM%20Explanatory%20Memo%2017.03.23.pdf 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by emmasoft(m): 10:07pm On Mar 28, 2023 |
Ades1: All declared dividend except otherwise stated is always paid less WHT. Irrespective of the mode of the claim. 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by YoungBuffet: 10:13pm On Mar 28, 2023 |
Lion123: I sold my 100k units then about 7yrs ago when the price was still high, their constant coming out for right issue was a red flag for me and thank God I took the decision. My colleague later bought behind me at 10 naira then and JAT showed him shege I think he sold for 5naira. I will rather buy NPFmfb wt all my money than oando 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by YoungBuffet: 10:15pm On Mar 28, 2023 |
emmasoft: I think have come collected NFM dividend before wtout the seduction of WHT |
Re: Nigerian Stock Exchange Market Pick Alerts by beejay1(m): 10:30pm On Mar 28, 2023 |
Congrats to those long suffering investors who stuck through with OandO....be glad, as OandO made profit in 2021 Q4. Hopefully you guys can recouped some of your losses https://doclib.ngxgroup.com/Financial_NewsDocs/37922_OANDO_PLC-OANDO__Q1-Q4_2021__CORPORATE_ACTIONS_MARCH_2023.pdf 5 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by Zagee: 10:34pm On Mar 28, 2023 |
Oando dropping gist back to back . Awaiting 2022 hopefully soon. Impressive run on the downstream sector. 3 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by Zagee: 10:36pm On Mar 28, 2023 |
YoungBuffet:Timely move. Can lightning strike twice? |
Re: Nigerian Stock Exchange Market Pick Alerts by emmasoft(m): 10:49pm On Mar 28, 2023 |
YoungBuffet: That is why I said except otherwise stated. Anytime a dividend will be WHT-free it will be stated in the corporate disclosure. For example, when dividends are paid from pioneer earnings it's usually WHT-free and it will be stated. 3 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by onegentleguy: 12:17am On Mar 29, 2023 |
RabbiDoracle: The concern around ZENITH BANK' impairment would've been stronger if there were added strain on the banks L&A print, considering how average inflation and benchmark interest rate (particularly in H2, 2022) exacerbated overall CoR and CoF. Thankfully, that wasn't the case. The breakdown shows that the group had an approx 144.6% jump in impairment charge on other financial asset and a 1,996.3% surge on that from investment securities. A core part of that 1,996.3% increase in the latter (impairment charge on InvSec) was the N58.8B booked loss from securities (bonds) issued by the Govt of Ghana... though not a material proportion of overall investment security peg, that impact was more than enough to drive the Ghana subsidiary to a negative NPM despite higher operating income. Apparently the impact from the sovereign debt crises in Ghana was definitive. Impairment charge was 98% of the total figure the group booked in 2021 and near 47.7% of that in 2022. ...and because Ghana is the groups 2nd biggest earnings contributor in Africa after Nigeria, that impact stoked a drop in overall YoY PAT margin by 41%. Though it's important to state that there were other contributors to the squeeze in margin. That said, I expect that actual impairment figures could be lower in the course of time (I foresee some writebacks) considering how the group has successfully exchanged a core of the impaired asset in Ghana for a series of new ones with maturity dates spanning through a 12 yr period. Overall, the banks performance was a mixed one for me. Did well in some core banking aspects but underperformed in some others. The 3.23% improvement in total payout from previous yr guide (ref: N3.2 vs N3.1 in 2021) could be management's deliberate strategy to calm any expected sell off that may have otherwise built-in from the drop in NPM. Might also be a way of telling us that the banks growth trajectory could be sustained in 2023. (Q1, 2023 Nos will give us a clue though) On the share price, I think that dividend hunters (div growth investors) might want to hold... perhaps until post ex-dividend. I expect a drop in price thereafter. Again, I think Q1 and possibly H1, 2023 Nos will to a large extent determine the share price movement. We'll see how the mkt react to their report. 5 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by BullBearMkt(m): 3:25am On Mar 29, 2023 |
beejay1:OANDO's financial reports are encouraging 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by YourhealthNG2(m): 6:57am On Mar 29, 2023 |
Ucap dividend yet to drop. What's going on? |
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