sterlingD:
l am seeing FCMB unaudited 2023 result
https://doclib.ngxgroup.com/Financial_NewsDocs/40153_FCMB_GROUP_PLC-_YEAR_END_-_FINANCIAL_STATEMENT_FOR_2023_FINANCIAL_STATEMENTS_JANUARY_2024.pdf

This is an excellent result. Let's see if the audited numbers will stay relatively same with earnings per share from profits of N 4.72 and that of comprehensive income of N 7.23.
They can easily up the dividend to N1 even with their practice of paying about 20% of earnings as dividends.

Mpeace:
UBA audited 2023 result and interim dividend is ready and approved by the board. Lets wait and see how long it takes for the new CBN to approve the result. I just pray they don't take as long as the previous CBN team.

Access audited result to be considered by the board on Tuesday.

Dis should be final dividend..

Mfunkynation:

as for me 60 - 40 in favour of sugar..
Remember you will lose one unit of nascon if you choose Nascon.
I sold all my Nascon and enter sugar at once since sugar will be the change to DangFood

Thank you very much for this feedback.

Thank you very much, I appreciate

unite4real:

Question: How much per share did you sell your NASCON and much did you buy SUGAR. Let's start from there . .....check the table below to see if ur decision was right.

Meanwhile, don't go by this rule as it is so wrong. There is no loss anywhere. What you need to do is to use the share scheme arrangement formular to calculate which of NASCON or SUGAR is cheaper to buy per time

The scheme of arrangement already says for every 12 NASCON, you get 11 SUGAR. this does not mean you are loosing 1 share of NASCON. It's the value placed on them. So the prices to buy them is inversely proportional. Remember that if you use 100k each to buy NASCON and SUGAR, you will have more units of NASCON than SUGAR due to the price difference. When you convert your NASCON units back to SUGAR, you should be at per, provided the price difference is normal according to the scheme of arrangement

NASCON PRICE = SUGAR X11/12
SUGAR PRICE = NASCON X12/11

NASCON QUANTITY X 11/12 = SUGAR QUANTITY



You need to compare both prices and buy the one that is cheaper because at the end of the day, the NASCON will be comverted to SUGAR and SUGAR converted to FOOD

for example, if you want to purchase 10,000 units of SUGAR, let's look at current prices of both

10,000 units of SUGAR is equal to 10,909 units of NASCON

SUGAR price is 82.65. amount required is 10,000 X 82.65 = N826,500
NASCON price is 76.5. amount required is 10,909 X 76.5 = N834,538

in this case, SUGAR is slightly cheaper to buy but if NASCON was selling for 75.5, it will be cheaper than SUGAR at 82.65

You need to constantly check this to decide which of them to buy per time. Attached is the price comparisons and differentials between the two up to sugar price of N90

Thank you very much.

Shalom428:
At the current price , DS will give you more units of Dangote Food compared with Nascon.

Nascon FY2023 is going to be fantastic, but Dangote Sugar FY2023 will not because of Finance cost . Some might panic and sell off DS because of the result , so buying in tranches make sense because the panic selling might give room for better entry price

In summary, no matter the price you enter either Nascon or Dangote Sugar, you will be in profit when Dangote Food is listed. Dangote Food is destined to turn some millionaires into billionaires. The final destination is FANTASTIC.

customstreet:



CHINKuli! CHINKULI!! CHINKULI!!!

Chaiiii !! My custom friend done enter street oo

Alright I will, the person who gave me this idea to download Thier app and use for the dividend stock purchase seem to have been operating with them for a while and he's a close ally.i shall dobas you say.thank you

ttmax09:
Contact them about their dematerialisation process, also try to use a broker with good customer services.

parisbookaddict:


Read up on the intelligent investor, the little book that beat the stock market. Watch interviews of charley munger and buffet. Follow glofolio on YouTube and the nigerian investor, download apps like investing, simple wall street, yochaa and infoware. Read nairametrics. And most importantly know the different between investing and trading. Then buy stocks both the big boys etc gtco, uba, zenith, wapco, and one or two of the sound penny stocks eg lasaco, mansard and custodian. Remember the market runs in cycles.

You're still alive . Hope you're still not _ _ _ to my pics

Mpeace:
UBA audited 2023 result and interim dividend is ready and approved by the board. Lets wait and see how long it takes for the new CBN to approve the result. I just pray they don't take as long as the previous CBN team.

Access audited result to be considered by the board on Tuesday.

Hopefully Wigwe and TOE won't fall our hands with peanuts as dividends

Mpeace:
UBA audited 2023 result and interim dividend is ready and approved by the board. Lets wait and see how long it takes for the new CBN to approve the result. I just pray they don't take as long as the previous CBN team.

Access audited result to be considered by the board on Tuesday.

Interim dividend ?

BERGER PAINTS NIGERIA PLC- YEAR END - FINANCIAL STATEMENT FOR 2023
https://doclib.ngxgroup.com/Financial_NewsDocs/40166_BERGER_PAINTS_NIGERIA_PLC-_YEAR_END_-_FINANCIAL_STATEMENT_FOR_2023_FINANCIAL_STATEMENTS_JANUARY_2024.pdf

HONEYWELL FLOUR MILL PLC- QUARTER 3 - FINANCIAL STATEMENT FOR 2024
https://doclib.ngxgroup.com/Financial_NewsDocs/40166_BERGER_PAINTS_NIGERIA_PLC-_YEAR_END_-_FINANCIAL_STATEMENT_FOR_2023_FINANCIAL_STATEMENTS_JANUARY_2024.pdf

RED STAR EXPRESS PLC- QUARTER 3 - FINANCIAL STATEMENT FOR 2024
https://doclib.ngxgroup.com/Financial_NewsDocs/40165_RED_STAR_EXPRESS_PLC-_QUARTER_3_-_FINANCIAL_STATEMENT_FOR_2024_FINANCIAL_STATEMENTS_JANUARY_2024.pdf

lostinHeaven:

Interim dividend ?

Final dividend. My mistake.

A good one

https://nairametrics.com/2024/01/28/record-breaking-ngx-a-stockfish-market/


Hmmmmm!

yak:
https://nairametrics.com/2024/01/28/record-breaking-ngx-a-stockfish-market/


Hmmmmm!

The market is for both optimists and pessimists but the pessimists command our attention more.

yak:
https://nairametrics.com/2024/01/28/record-breaking-ngx-a-stockfish-market/


Hmmmmm!

What does he know?

That doesn't mean we should not rebalance our portfolio

yak:
https://nairametrics.com/2024/01/28/record-breaking-ngx-a-stockfish-market/


Hmmmmm!

This guy is really pained he missed the historical BULL just like the GENERATIONAL LOW GANGS

He better tag along with the so called OLIGARCHY STOCKS because they aren't coming down anytime SOON.

BARGAIN HUNTERS TAKE NOTE!

yak:
https://nairametrics.com/2024/01/28/record-breaking-ngx-a-stockfish-market/


Hmmmmm!

He appears to lack knowledge of the tax benefits of the volumes of activities on the exchange and the benefits to the economy. There is high inflation due to weakened naira and revenues increases across board due to the increase in prices. Increased Taxes to the government will be uncured. This is positive to the economy and it's not expected to instantly translate to the table of the common man. It's a work in progress.

To think that he is calling Bayo a capital market illiterate.. ...,..hmmmmmmm

I wonder what knowledge he has apart from being a writer

He spoke based on his understanding of the market. As often said, "the market has a mind of its own" so let's wait and see.
In the meantime, grab the bull by the horn

In every nonsense there is a little sense...

yak:
https://nairametrics.com/2024/01/28/record-breaking-ngx-a-stockfish-market/


Hmmmmm!

One thing is certain, this week will be pivotal...

KarlTom:
One thing is certain, this week will be pivotal...

Certainly

yak:
https://nairametrics.com/2024/01/28/record-breaking-ngx-a-stockfish-market/


Hmmmmm!

The guy sounded more political which is allowed.Then on the market crashing in weeks time with certainty is rubbish because he sounded like he can time the market. Then on free float, some of the companies he mentioned has good float not manipulated.
What I don't understand was he expecting the price of this companies to remain the same with inflation and devaluation. For all sake, it is a market like other market wr you buy/sell things. Though it is an organised market. Nevertheless the people who participate in it still pays bills and buy things from regular market with money made from it.Has the price of real estate ,gold diamonds cars,airplanes etc crashed..All building materials, food stuff transportation clothing etc has doubled in prices.And he was expecting the price in shares not to double....haba malam.

Ask your self as an investor in the stock market presently. If I decide to sell my shares presently at ridiculous price.what or whr do I put the money with the present reality of inflation in the country .The only sense to me or option to me is I won't sell now if the money can't solve my problem out thr as long as I have savings to take care of my needs.

Streetinvestor2:
The guy sounded more political which is allowed.Then on the market crashing in weeks time with certainty is rubbish because he sounded like he can time the market. Then on free float, some of the companies he mentioned has good float not manipulated.
What I don't understand was he expecting the price of this companies to remain the same with inflation and devaluation. For all sake, it is a market like other market wr you buy/sell things. Though it is an organised market. Nevertheless the people who participate in it still pays bills and buy things from regular market with money made from it.Has the price of real estate ,gold diamonds cars,airplanes etc crashed..All building materials, food stuff transportation clothing etc has doubled in prices.And he was expecting the price in shares not to double....haba malam.

Ask your self as an investor in the stock market presently. If I decide to sell my shares presently at ridiculous price.what or whr do I put the money with the present reality of inflation in the country .The only sense to me or option to me is I won't sell now if the money can't solve my problem out thr as long as I have savings to take care of my needs.

I sense from now onwards, loss making companies that play critical roles in the economy will begin to go up in price or remain neutral in price until policies affect them positively.Any blue chip company that generates revenue in multi billions but share price very down is a buy to me now.

That write up will provoke the market in a way the writer will be forced to go to guest mode for months if not years.......self

sterlingD:
BERGER PAINTS NIGERIA PLC- YEAR END - FINANCIAL STATEMENT FOR 2023
https://doclib.ngxgroup.com/Financial_NewsDocs/40166_BERGER_PAINTS_NIGERIA_PLC-_YEAR_END_-_FINANCIAL_STATEMENT_FOR_2023_FINANCIAL_STATEMENTS_JANUARY_2024.pdf

HONEYWELL FLOUR MILL PLC- QUARTER 3 - FINANCIAL STATEMENT FOR 2024
https://doclib.ngxgroup.com/Financial_NewsDocs/40166_BERGER_PAINTS_NIGERIA_PLC-_YEAR_END_-_FINANCIAL_STATEMENT_FOR_2023_FINANCIAL_STATEMENTS_JANUARY_2024.pdf

RED STAR EXPRESS PLC- QUARTER 3 - FINANCIAL STATEMENT FOR 2024
https://doclib.ngxgroup.com/Financial_NewsDocs/40165_RED_STAR_EXPRESS_PLC-_QUARTER_3_-_FINANCIAL_STATEMENT_FOR_2024_FINANCIAL_STATEMENTS_JANUARY_2024.pdf

Great result from Berger paints. I wonder how they're able to rake in over 166ml from onboarding new distributors (over 700% increase from FY 2022 of just 21mln).

Also, the company has a large free float of over 60% (small outstanding shares though) but still very illiquid.

Let's start from, who is Duke of Shomolu?

He said Bayo Onanuga knows nothing about NGX, I strongly disagree.

After criticising the market, he now praises the handlers in paragraph 20 for being professionals. That's contradiction.

I agree there's disconnect between the economy and market but I've explained previously. When you pour oil on your head, it won't reach your toe same day. *it won't even reach it at all if your positioning is wrong e.g kneeling down. Positioning is important in life. Osimhen won't lay the pass for the oncoming player who scored Nigeria's first goal if the scorer was not well positioned. Word of God confirmed this that there'll always be poor in the land* And my advise is, DON'T LET THAT BE YOU! POSITION YOURSELF.

Recovery of economy takes time but the writer refused to understand that. Covid happened and economy of the world collapsed. Most Markets bounced back in 6 months but 4 years after, most economies have not fully recovered. It shows markets will be the first reactor before economy recovers.

Lastly, he said market will turn read in March of course every player in the market knew that after results are released and there's markdowns, there's usually fall in price, and followed by profit taking and portfolio rebalancing.

Anyway, I might be wrong too. I don't know much neither. I'm neither spokesperson for APC.

yak:
https://nairametrics.com/2024/01/28/record-breaking-ngx-a-stockfish-market/


Hmmmmm!

[quote author=yak post=128170368]https://nairametrics.com/2024/01/28/record-breaking-ngx-a-stockfish-market/

The Author of "Record breaking NGX-A stockfish market"
The Author Starts strong with a catchy metaphor, but lacks evidence for the "northward arrow" claim. I guess the writer was a member of generational low, who mistimed the market. He forgot to recall that during the dumping of Nigeria equities by FP investors, some Nigerians kept faith in the market. He also forgot to apraise the participation of Nigerian institutional investors, mutual funds, and advent of ETFs in the market.
Secondly the writer use Harsh criticism against "Oligarchs" without specific examples or data. This sounds subjective. Readers are aware he was referring to the like of Femi Otedola, Tony Elumelu, Abdul Samad Rabiu and others.
These people do not just invest without strong research, I personally see them as those individuals who capitalise on the mistakes in the market and exploit same to their advantage.
To be a good equity investor, you need to spot a mistake, Femi and Tony knew there was a mistake in TRANSCORP, they knew TRANSCORP worth more than N2T. This was first identified by Femi who also recently spotted the mistake in Dangote Cement, citing "the export potential"

Thirdly, the writer Calls for reform, but suggestions like "policy-driven listings" raise concerns about government interference. The Author was living in the past, the market regulation has improved a lot when compared with the era of Oceanic Bank, Intercontinental Bank, Costain, etc. The SEC of today is responding to investors complaints more than before.

Fourthly: The writer focuses on delistings without addressing the underlying reasons behind them. "Silver lining" feels forced.
The Author forgot that delisting is better than bankruptcy, where investors got zero return. The law allow companies to list and delist. He also failed to remember that some of the companies that are delisting are trying to position for the Africa continental free trade agreement. This we have seen and more delisting may come. Watchlist includes: Unilever, Guinness, and OANDO due to selfish ambition.

Fifth paragraph, the writer Shifts to praising specific individuals, losing focus on the market's issues. Feels self-promotional. The Author deviates and aimlessly navigate from the article subject matter. The performance of the market is relatively due to investors who do not time the market, the currency devaluation also encourage Nigerians in diaspora to take position in the Market, Relative diversification from cryptos by the youths. above all, the investors that believe in the Nigeria project.

Lastly, the writer uses strong metaphors irrationally, but lacks actionable solutions. "Kwashiorkor market" is unclear and offensive. I think the Author might have been burnt in the past and pained for missing out in the current bull run. It is not just Nigeria, it is Africa disease to suffer Kwashiorkor in the mist of abundance. If there is anyone who might have suffered from financial Kwashiorkor, then the writer should be one of those people that failed to stay in the market despite good knowledge of the benefits. Kwashiorkor is relatively not due to lack of food, it is imbalance of Nutrition, excessive consumption of starch, chronic deficiency of protein. Many Nigerians have lost faith in the nation and they always believe that the stock market is not the best place to invest, believe the market is a scam and a no going area.
Overall, the author raises valid concerns, but its delivery is subjective, lacks evidence, and focuses on personalities over solutions.
It would benefit from a more objective tone, data-driven arguments, and concrete suggestions for more reform.

NB: The Nigeria market will render the Elliott and Fibonacci theory and principles invalid if you use them to predict bear for 🐻 NGX.VThe waves that did not predict the bull run cannot predict the bear successfully in the coming days. Timing the market in a free falling Naira based economy is a recipe for "Had I known"
The worst scenario is +/- 5% volatility, same way we affirmed in July 2023, provided there is no coup detat in Nigeria.
The ASI is heading to the Northern hemisphere once the Public and private refineries begin productions optimally.

1USD exchanging for N1724 currently

Haba, kilode

Where are we headed

Yet someone somewhere is waiting for GTCO at N16

iHaveMadeiT2:
1USD exchanging for N1724 currently

Haba, kilode

USD or GBP

defebe:


USD or GBP

USD

iHaveMadeiT2:

USD

Which app is this, cos to buy dollar on Bamboo is 1425, as at 6.04am today

defebe:


Which app is this, cos to buy dollar on Bamboo is 1425, as at 6.04am today

Bitnob