Streetinvestor2:
Completely wrong. You have no idea of what afolabi units means.Someone from SMN should tell you

stcool:


Official window...Okay o. When you need $ wait to buy from official window.

Even your ATM cannot make a $100 purchase online and you are talking about buying through official window.

SonofElElyonRet:


Well if I'm wrong then 2 things you guys need to tell me .. what the heck is SMN !
p s. If you know the answers then spill the beans!

Streetinvestor2:
Completely wrong. You have no idea of what afolabi units means.Someone from SMN should tell you

ttmax09:
Shouldn't Transcorp hotel take the award for the most manipulated company? a trillion Naira company with 60kobo EPS, I pity unsuspecting investors who bought it expensive sha.

stronglink:
oga abeg tell me the meaning nah no dey laugh me.....LoL.

Streetinvestor2:
SMN =stock market nigeria. It was the forum here on nairaland whr the real ogas and gurus contributed to stock market. Then the thing scattered and was removed as a thread .Some ogas here are well known members of smn

Afolabi units originated over thr and monkey hunting. Plenty chairman be dey the thread

Afolabi units is a way of describing your buying in a humble way based on your capacity without mentioning the units because of different reasons. That was how I saw it then.A moniker started using it not to showoff his capacity and the forum adopted it

ttmax09:
Shouldn't Transcorp hotel take the award for the most manipulated company? a trillion Naira company with 60kobo EPS, I pity unsuspecting investors who bought it expensive sha.

Hogwarthtrades:


The answer is right in your highlight. Follow the note number 10 & 19 down the page (the number is a guide on where to find the item down the line as you read though the report ). if confused , check page 16 for definition and 33 for what instrument the FVTPL comprised of in the report. in this case, mostly treasury bills, bonds, etc. the investment securities not clearly stated.

I didn't address sterling in your comment because the statement isn't clear; in general, every business swing between categorising assets as FVOCI (other comprehensive income) vs FVTPL (profit /loss) based on the criteria of meeting cashflow test (oversimplification of the whole thing).

molybdenum0012:
Hello guys, I need your advice.

My wife here just got an info to claim an unclaimed dividends of share she bought about 23 years ago with Conoil before she left Nigeria.

She has gone through the link and found out her name is there:
https://sec.gov.ng/non-mandated/

Now she does not have the certificate any more nor any Nigeria bank account number.

She is wondering if it worth it to come down to naija to claim it or not .

Please, brokers in the house what's your advice ?

Dupeodus:


No. FBN has not explained the hugh N681 billion FVTPL gain. If you go to note 10, there is nothing there. They just restated the line and amount. If you go to note 19 where FVTPL are listed, you see a line for derivative assets for N617 billions. On the face of it, this looks like a booking of paper assets for inclusion in P&L as FVTPL gain. However, there must be an underlying transaction that gave rise to this asset which FBN did not disclose. Given the size of the asset and its impacts on the p&l, the underlying transaction merits disclosure. Unlike the other big banks, FBN has a hugh figure of N350 billions as foreign exchange loss in the face of a massive devaluation of the naira. What this tells me is that the derivative transaction created a hugh foreign currency liability for FBN. All of these needs to be disclosed. Hopefully, the auditors will not let FBN get away with this level of opaqueness amd there will be disclosure in the published financial statement.

Streetinvestor2:
.It could be recovered bad loans with interest written off in all this previous yrrs since it is no dollars revaluation.

emmasoft:


Whether it's worth it or not to come over depends on her holdings currently. If her holdings is not much there is no point coming purposely for the dividend or the proceeds.

Also note that any dividend older than 12 years cannot be paid to her.

Personally I will advice if the quantity she has is not much, there is no point coming because her dividend and the proceeds from the sale may not cover the cost of her ticket except if she has other things to do here in Nigeria.
By the way conoil closed today at 101.


Thanks for your input. I think it's around 100 -500, don't know if that is enough.

Well. Maybe she will have to forget about it then .


Thanks again

stcool:


Seems you don't know most of this Chairmen are thieves and very selfish. 60kobo is what they want you to see... someone with inside information may be seeing #4 EPS. That is the difference.

Until Ote$ wanted to take.over Transcorp, what was the price of Transcorp...TOE na Wale with better suit and lamba!

emmasoft:


Whether it's worth it or not to come over depends on her holdings currently. If her holdings is not much there is no point coming purposely for the dividend or the proceeds.

Also note that any dividend older than 12 years cannot be paid to her.

Personally I will advice if the quantity she has is not much, there is no point coming because her dividend and the proceeds from the sale may not cover the cost of her ticket except if she has other things to do here in Nigeria.
By the way conoil closed today at 101.

Streetinvestor2:
.It could be recovered bad loans with interest written off in all this previous yrrs since it is no dollars revaluation.

Willie2015:


Bought at N1450 yesterday from Aboki....
CBN can continue to use its monetary policies...
It wont have much effect cos we aint producing....

BullBearMkt:

What? Is that the new rule? That dividends older than 12 years is gone?

defebe:


What is UK producing that is making GBP stable against they dollar..UK has a nation is always in trade deficit

Frangel:


Yes. Has been so for many years.

Mpeace:
They know how to play the game. Go to UK you will hardly see any foreign currency aprt from the pounds, and you hardly send their pounds out.
They also highly restrict trades in foreign goods especially food items. They bring all sorts of barriers in the name of standards and test that ensure that you hardly import. They consume mostly UK items and still export to african countries while rating our goods as substandard.
They also have many multinational companies that like shell etc that bring in lots of revenue.
They also somehow benefit from our poverty and corruption such that we provide them with cheap labour, fund some of their institutions through billions we (and other african and asians) pay as school fees etc most of their banks and real estate are financed with stolen money from africa.
Finally they have a very very effective tax system.

BullBearMkt:

...interesting! Checking the website the gentleman provided, I observed I've got unclaimed dividends in many companies I can't remember buying their stocks in recent times. Oooppss!

Mpeace:
They know how to play the game. Go to UK you will hardly see any foreign currency aprt from the pounds, and you hardly send their pounds out.
They also highly restrict trades in foreign goods especially food items. They bring all sorts of barriers in the name of standards and test that ensure that you hardly import. They consume mostly UK items and still export to african countries while rating our goods as substandard.
They also have many multinational companies that like shell etc that bring in lots of revenue.
They also somehow benefit from our poverty and corruption such that we provide them with cheap labour, fund some of their institutions through billions we (and other african and asians) pay as school fees etc most of their banks and real estate are financed with stolen money from africa.
Finally they have a very very effective tax system.

KarlTom:

Wawu

The FGN do not need to do any borrowing of pension funds considering the amount of funds trapped as 'forgotten' dividends.
Sadly many people bought shares for their children and died without proper documentation or handover...

Frangel:


The FG has been making moves to have access to the unclaimed dividends, but slowed by some resistance. Presently, it's in the plan to "borrow" part of unclaimed dividends of about 4 years, but will make them available when the owners show up. I'm wondering what the business FG has with profits of enterprises after collecting taxes? The best entity to keep the unclaimed dividends should be the entity that generated the profits=dividends in the first place.

megawealth01:


Are you new to trading or is it just meritrade you are new to?

CeeJeckydivah:


Thanks for replying, I'm new to meritrade. I don't know how their system works

BullBearMkt:

...your assertions about the UK are not entirely true.
UK is heavily reliant on imports. According to the UK's Office for National Statistics (ONS), the total value of UK imports of goods and services in 2022 was £741.2 billion, compared to £670.3 billion in exports.

Some recent trade statistics from the UK government that I gathered recently on importations:
-Cars (£40.3 billion) - Source: House of Commons Library, UK Trade in Goods 2023
-Refined Oil (£28.5 billion) - Source: HM Revenue & Customs (HMRC), Trade Statistics, September 2023
-Crude Oil (£27.3 billion) - Source: HMRC, Trade Statistics, September 2023
-Foodstuffs & Live Animals (£23.2 billion) - Source: Department for Environment, Food & Rural Affairs (DEFRA), UK Food Imports Statistics - March 2023

The standard you made mention about are their procedures mainly for safety and quality control, not to restrict trade unfairly. The standards also apply to domestic products as well. The country also trade with African countries, importing various goods like cocoa, coffee, and minerals.
Above are facts!