https://doclib.ngxgroup.com/Financial_NewsDocs/39784_AXA_MANSARD_INSURANCE_PLC-_QUARTER_3_-_FINANCIAL_STATEMENT_FOR_2023_FINANCIAL_STATEMENTS_OCTOBER_2023.pdf

Mansard & Conerstone na pot belly companies.Them go pooo

vacanci:


this is the kind of news am afraid of

https://www.nasdaq.com/articles/ghana-eurobond-holders-face-30-principal-haircut-morgan-stanley

Restructuring of your debt does not mean you won't pay the debt, it can be restructured so that you can make lower payments and the duration will be extended.


Very few people have the minimum amount of $200,000 to invest directly in a Sovereign or corporate Eurobond.
That is meant for institutional investors and High Networth Individuals.



Most of us will invest in Eurobond funds where we need a minimum of $1000, the fund will comprise of various sovereign and corporate Eurobond offerings.


About 2 years ago when Access, UBA and Zenith heard the hint that Naira would be devalued, they all liquidated their Eurobond debts before maturity

Locotrader:
https://doclib.ngxgroup.com/Financial_NewsDocs/39784_AXA_MANSARD_INSURANCE_PLC-_QUARTER_3_-_FINANCIAL_STATEMENT_FOR_2023_FINANCIAL_STATEMENTS_OCTOBER_2023.pdf

Mansard & Conerstone na pot belly companies.Them go pooo

Na strong person dey buy Insurance stocks

vacanci:
Oga Emma, Mercy and co. Abeg i wan learn something about insider trading

When the NGX publishes directors dealings, does it mean that the transactions are hidden from the trades i see from Morgan capital?

For example, the attached is a director dealing.

it was notified that 100,000 units with individual share price of N56.50 was transacted.

Now, on the list of trades i see on morgan capital, i cannot see anything like that.
there is just a single trade of N56.50 and it's less than 33k units.



Abeg i wan just understand

The order book is a list of all the buy and sell orders for a particular stock or security. It is organized by price level, with the highest buy order at the top and the lowest sell order at the bottom. The order book is used to match buy and sell orders and to determine the current price of a stock or security.

However, not all transactions are recorded on the order book. For example, block trades, which are large trades that are typically executed outside of the exchange, are not recorded on the order book. Additionally, transactions that are executed over-the-counter (OTC), which are transactions that are executed directly between two parties without the use of an exchange, are also not recorded on the order book.

****************************
The volume recorded at the end of the day will not cover all transactions, as not all transactions are recorded on the order book. Block trades and OTC trades, for example, are not recorded on the order book. Therefore, the volume recorded at the end of the day will only reflect the volume of trades that were executed through the order book.



Here is an analogy to help you understand this concept:

Imagine that the order book is like a public market, where buyers and sellers can come together to trade goods and services. The volume recorded at the end of the day would reflect the total volume of goods and services that were traded in the public market.

However, not all trades take place in the public market. For example, two farmers may decide to trade their crops directly with each other, without going through the public market. This would be like a block trade.

Additionally, some goods and services may be traded over-the-counter, which means that they are traded directly between two parties without the use of a public market. This would be like an OTC trade.

Therefore, the volume recorded at the end of the day will not reflect the total volume of trades that took place, as it will only reflect the volume of trades that were executed through the order book.

Copied.

emmanuelewumi:




Na strong person dey buy Insurance stocks

I never see these figures in Mansard and conerstone before.This might be a new era for them oooo

Locotrader:


I never see these figures in Mansard and conerstone before.This might be a new era for them oooo

You are right Loco, The poo is interim dividend of 6k

https://doclib.ngxgroup.com/Financial_NewsDocs/39786_AXA_MANSARD_INSURANCE_PLC-AXA_MANSARD_COPORATE_ACTION_OCTOBER_2023_CORPORATE_ACTIONS_OCTOBER_2023.pdf

https://doclib.ngxgroup.com/Financial_NewsDocs/39787_OKOMU_OIL_PALM_PLC.-CORPORATE_ACTION_CORPORATE_ACTIONS_OCTOBER_2023.pdf

Qualification day for Okomu's 450k interim dividend is 16th November 2023 while payment date is 20th November.

yMcy56:
UBA
The so much noised UBA Q3 is out!
Over 250% PAT compared to Q3 2022.........around +287%
Year to date January 01 to September 30......

A good one from UBA

https://doclib.ngxgroup.com/Financial_NewsDocs/39778_UNITED_BANK_FOR_AFRICA_PLC-_QUARTER_3_-_FINANCIAL_STATEMENT_FOR_2023_FINANCIAL_STATEMENTS_OCTOBER_2023.pdf

This should propel the rally seen today into November. Excellent Numbers from UBA.

BabsO2:


This should propel the rally seen today into November. Excellent Numbers from UBA.

Few stocks I have seen with good numbers will propel a general rally.Today's trading wasn't bad.Tomorrow will be better

BabsO2:


This should propel the rally seen today into November. Excellent Numbers from UBA.

Total dividend for the year na him go make me believe say all this nobe audio earnings oh when we remove dollar revaluation earnings

kolaish:
https://doclib.ngxgroup.com/Financial_NewsDocs/39787_OKOMU_OIL_PALM_PLC.-CORPORATE_ACTION_CORPORATE_ACTIONS_OCTOBER_2023.pdf

Qualification day for Okomu's 450k interim dividend is 16th November 2023 while payment date is 20th November.

Na this guys I trust thr earnings because they are not even meeting demand and thr product na raw materials for many companies

Locotrader:


Few stocks I have seen with good numbers will propel a general rally.Today's trading wasn't bad.Tomorrow will be better

Today's number was really good based on Stanbic IBTC daily report. Abeg make the rally run through November.

Sector Update

* The NGX Banking Index gained 120bps on UBA (+4.47%), WEMABANK (+1.26%), ACCESSCORP (+1.18%), and ZENITHBANK (+0.60%). JAIZBANK (-5.95%), STERLINGNG (-1.42%) and FIDELITYBK (-0.61%) lost points.

* The NGX Consumer Goods Index gained 44bps on NNFM (+10.00%), NB (+5.27%), HONYFLOUR (+3.57%), FLOURMILL (+3.45%), and DANGSUGAR (+1.19%). NASCON (-2.76%) and INTBREW (-1.19%) lost points.

* The NGX Oil and Gas Index closed flat.

* The NGX Industrial Index gained 299bps on DANGCEM (+5.77%), CAP (+3.96%), WAPCO (+2.65%). CUTIX (-2.17%) and MEYER (-9.87%) lost points.

vacanci:
Oga Emma, Mercy and co. Abeg i wan learn something about insider trading
When the NGX publishes directors dealings, does it mean that the transactions are hidden from the trades i see from Morgan capital?

For example, the attached is a director dealing.
it was notified that 100,000 units with individual share price of N56.50 was transacted.

Now, on the list of trades i see on morgan capital, i cannot see anything like that.
there is just a single trade of N56.50 and it's less than 33k units.

I couldn't open the attachment........but.....

1. You have to check the date of the transaction first
2. The 56.50 you saw might be average price of the piece purchase that made up the 100k units (we have 56.40s, 56.45s in today's trades)
3. All transactions pass thru the NGX trading engine for proper documentation, except for OFF MARKET DEALS, in which the NGX is notified in writing and other procedures follows........e.g. like the Transcorp bulk purchase made by Otedola from AMCON some months back.

FIDELITY
https://doclib.ngxgroup.com/Financial_NewsDocs/39781_FIDELITY_BANK_PLC-_QUARTER_3_-_FINANCIAL_STATEMENT_FOR_2023_FINANCIAL_STATEMENTS_OCTOBER_2023.pdf

NAHCO
https://doclib.ngxgroup.com/Financial_NewsDocs/39783_NIGERIAN_AVIATION_HANDLING_COMPANY_PLC-_QUARTER_3_-_FINANCIAL_STATEMENT_FOR_2023_FINANCIAL_STATEMENTS_OCTOBER_2023.pdf

MANSARD
https://doclib.ngxgroup.com/Financial_NewsDocs/39784_AXA_MANSARD_INSURANCE_PLC-_QUARTER_3_-_FINANCIAL_STATEMENT_FOR_2023_FINANCIAL_STATEMENTS_OCTOBER_2023.pdf

MANSARD CORPORATE ACTION:
Interim Dividend: 0.06k
Qualification Date: 29th Nov, 2023
https://doclib.ngxgroup.com/Financial_NewsDocs/39786_AXA_MANSARD_INSURANCE_PLC-AXA_MANSARD_COPORATE_ACTION_OCTOBER_2023_CORPORATE_ACTIONS_OCTOBER_2023.pdf

yMcy56:

I couldn't open the attachment........but.....

1. You have to check the date of the transaction first
2. The 56.50 you saw might be average price of the piece purchase that made up the 100k units (we have 56.40s, 56.45s in today's trades)
3. All transactions pass thru the NGX trading engine for proper documentation, except for OFF DEALS, in which the NGX is notified in writing and other procedures follows........e.g. like the Transcorp bulk purchase made by Otedola from AMCON some months back.

The date is same as today

Thank you. But does the off market deal change the market price if it has enough volume to do so whilst the real time trading doesn't close with sufficient volume to move price?

ositadima1:


The order book is a list of all the buy and sell orders for a particular stock or security. It is organized by price level, with the highest buy order at the top and the lowest sell order at the bottom. The order book is used to match buy and sell orders and to determine the current price of a stock or security.

However, not all transactions are recorded on the order book. For example, block trades, which are large trades that are typically executed outside of the exchange, are not recorded on the order book. Additionally, transactions that are executed over-the-counter (OTC), which are transactions that are executed directly between two parties without the use of an exchange, are also not recorded on the order book.

****************************
The volume recorded at the end of the day will not cover all transactions, as not all transactions are recorded on the order book. Block trades and OTC trades, for example, are not recorded on the order book. Therefore, the volume recorded at the end of the day will only reflect the volume of trades that were executed through the order book.



Here is an analogy to help you understand this concept:

Imagine that the order book is like a public market, where buyers and sellers can come together to trade goods and services. The volume recorded at the end of the day would reflect the total volume of goods and services that were traded in the public market.

However, not all trades take place in the public market. For example, two farmers may decide to trade their crops directly with each other, without going through the public market. This would be like a block trade.

Additionally, some goods and services may be traded over-the-counter, which means that they are traded directly between two parties without the use of a public market. This would be like an OTC trade.

Therefore, the volume recorded at the end of the day will not reflect the total volume of trades that took place, as it will only reflect the volume of trades that were executed through the order book.

Copied.

Thank you

vacanci:
The date is same as today

Thank you. But does the off market deal change the market price if it has enough volume to do so whilst the real time trading doesn't close with sufficient volume to move price?

OK. So you can see aggregate price and aggregate volume there. It wasn't a bulk sales.

* Off Market Deals doesn't change market price because it doesnt pass thru the normal market route in the first place.......,but Director's dealings do pass thru it.
* Closing price is determined by the real time trading.

ZENITH
https://doclib.ngxgroup.com/Financial_NewsDocs/39793_ZENITH_BANK_PLC-_QUARTER_3_-_FINANCIAL_STATEMENT_FOR_2023_FINANCIAL_STATEMENTS_OCTOBER_2023.pdf

JAIZ
https://doclib.ngxgroup.com/Financial_NewsDocs/39792_JAIZ_BANK_PLC-_QUARTER_3_-_FINANCIAL_STATEMENT_FOR_2023_FINANCIAL_STATEMENTS_OCTOBER_2023.pdf

WAPCO
https://doclib.ngxgroup.com/Financial_NewsDocs/39790_LAFARGE_AFRICA_PLC.-_QUARTER_3_-_FINANCIAL_STATEMENT_FOR_2023_FINANCIAL_STATEMENTS_OCTOBER_2023.pdf

yMcy56:
ZENITH
https://doclib.ngxgroup.com/Financial_NewsDocs/39793_ZENITH_BANK_PLC-_QUARTER_3_-_FINANCIAL_STATEMENT_FOR_2023_FINANCIAL_STATEMENTS_OCTOBER_2023.pdf

JAIZ
https://doclib.ngxgroup.com/Financial_NewsDocs/39792_JAIZ_BANK_PLC-_QUARTER_3_-_FINANCIAL_STATEMENT_FOR_2023_FINANCIAL_STATEMENTS_OCTOBER_2023.pdf

WAPCO
https://doclib.ngxgroup.com/Financial_NewsDocs/39790_LAFARGE_AFRICA_PLC.-_QUARTER_3_-_FINANCIAL_STATEMENT_FOR_2023_FINANCIAL_STATEMENTS_OCTOBER_2023.pdf

Zenith bank don overtake every other bank.

Interim/Special Dividend & Bonus Monitor 2023 🖥👁‍🗨
(Tracking & Compilation Monitor)

📍 (A). Interim Dividend (ID)

• Berger Paints
ID .... 20k
PD....Nov 16
QD.....Nov 8
Paymaster; Meristem

• NASCON
ID .... 100k
PD....Nov 17
QD.....Nov 9
Paymaster; Meristem

• Seplat
ID 3...3c
PD....Nov 20
QD.... Nov 10
Paymaster; Datamax

• Presco
ID .... 200k
PD....N/A
QD.....N/A
Paymaster; First

• Okomu Oil
ID .... N4.50
PD....N/A
QD.....N/A
Paymaster; Cardinalstone

• CBP ✔️(Paid)
ID...5k
PD....May 15
QD...Apr 25
Paymaster; Light House

• Okitipupa Oil Palm ✔️(Paid)
ID...50k
PD....May 15
QD...Feb 26
Paymaster; GTL

• Newrest ASL ✔️(Paid)
ID...N2.18
PD....June 7
QD...N/A
Paymaster; Meristem

• Multiverse ✔️(Paid)
ID...5k
PD....June 14
QD...May 24
Paymaster; Carnation

• Seplat ✔️(Paid)
ID 1...N13.95
PD....June 16
QD...May 18
Paymaster; DataMax

• Cornerstone ✔️(Paid)
ID...6k
PD....June 21
QD...June 5
Paymaster; LightHouse

• MTNN ✔️(Paid)
ID...N5.60
PD....Aug 24
QD.....Aug 16
Paymaster; Coronation

• Seplat ✔️(Paid)
ID 2...3c
PD....Aug 30
QD...Aug 17
Paymaster; Datamax

• NGX ✔️(Paid)
ID...25k
PD....Aug 31
QD...July 31
Paymaster; Datamax

• Custodian ✔️(Paid)
ID... 15k
PD....Sept 5
QD...Aug 18
Paymaster; Meristem

• UPDC REIT ✔️(Paid)
ID ... 19k
PD....Sept 7
QD.....Aug 31
Paymaster; First

• Fidelity Bank ✔️(Paid)
ID ... 25k
PD....Sept 22
QD.....Sept 15
Paymaster; First

• GTCO ✔️(Paid)
ID ... 50k
PD....Sept 25
QD.....Sept 14
Paymaster; DataMax

• Stanbic IBTC ✔️(Paid)
ID ... N1.50
PD....Sept 27
QD.....Sept 12
Paymaster; First

• Zenith Bank ✔️(Paid)
ID ... 50k
PD....Sept 29
QD.....Sept 22
Paymaster; Veritas

• Access Holdings ✔️(Paid)
ID .... 30k
PD....Oct 19
QD.....Oct 5
Paymaster; Coronation

📍 (B). Special Dividend (SD)

• Seplat ✔️(Paid)
SD...5c
PD....May 16
QD...Apr 18
Paymaster; DataMax

• CSCS ✔️(Paid)
SD...50k
PD....June 19
QD......June 2
Paymaster; African Prudential

• UBA ✔️(Paid)
ID .... 50k
PD....Oct 6
QD.....Sept 26
Paymaster; African Prudential


📍 (C). Bonus (B)

• Ikeja Hotel
Bon... 1 for 3
QD.....N/A
Registrars; GTL

• Thomas Wyatt
Bon... 4 for 5
QD.....Nov 23
Registrars; Meristem

[quote author=Mpeace post=126707143]..,

WAPCO seems to me, a great company with increasing revenue, FCF, cash. Finance costs put a dent in the EPS (when compared to Q3 2022), and we might expect to see its effects on proposed dividends for FY23. Unusual finance costs are sometimes brilliant strategic moves!

In my opinion, EPS is far from the best metric in the face of unrepentant inflation and currency devaluation. One needs companies that boast of increasing cash and an effective managament team (reflected by impressive growths) in the face of these harsh economic realities.

emmanuelewumi:



Yes


Use the Investment as a collateral and get 17m multiplied by 3 making about N50 million as a loan, use it to buy dollar and invest in a Eurobond fund that gives between 5% to 7% return on investment, you can decide to reinvest your Eurobond dividends.

Thank me later in 5 years time

how can one get access to buy eurobonds through third parties This is wealth of information here.

Mpeace:
Zenith bank don overtake every other bank.

Good result from Zenith. As at yesterday, the Q3 ranking of banks according to PE ratio is as shown below. Please note that FCMB audited Q3 result is still with their grand father (CBN) for authentication; I suspect interim dividend from FCMB though...
CMP - Current Market Price
OS - Outstanding Share
PAT - Profit After Tax
EPS - Earning Per Share
PE - Price Earning ratio

Bizibi:
how can one get access to buy eurobonds through third parties This is wealth of information here.

All Mutual Fund Managers have Eurobond funds where you can start with a minimum of $1000 and subsequent top of $500 and above.


Major fund managers include


Stanbic IBTC Asset Management


United Capital Asset Management

FSDH Asset Management

GT Fund Managers


Meristem Wealth Management


FBN Quest Asset Management.


And many more

Always invest in what you understand. The N8 million invested in 2008, would have given a better return if he invested in real estate, fixed deposit, or just kept the cash in the bank

vacanci:


The date is same as today

Thank you. But does the off market deal change the market price if it has enough volume to do so whilst the real time trading doesn't close with sufficient volume to move price?

Could this be the reason Nascon closed on -ve yesterday

365 days OMO is now at 17.5%, since this is upfront. Implied yield should be about 21%

My common sense price target for UBA

N24.00-N31.00
Dividend estimate N2.00-N2.50



Based on my common sense strategy. Do kindly do all Due Diligence. This is not an Investment Advice

emmanuelewumi:
365 days Treasury Bills is now at 17.5%, since this is upfront. Implied yield should be about 21%

How my oga.that was not the rates I saw on the last TB announced. Pls can you share the a picture. I remember I saw something less than 13 percent and lost interest

yMcy56:
UBA
The so much noised UBA Q3 is out!
Over 250% PAT compared to Q3 2022.........around +287%
Year to date January 01 to September 30......

A good one from UBA

https://doclib.ngxgroup.com/Financial_NewsDocs/39778_UNITED_BANK_FOR_AFRICA_PLC-_QUARTER_3_-_FINANCIAL_STATEMENT_FOR_2023_FINANCIAL_STATEMENTS_OCTOBER_2023.pdf

Like we said earlier UBA will peaked @circa #50 with the release of their 2023 FY results come April 2024 that's 6mths from now.


BARGAIN HUNTERS TAKE NOTE!