₦airaland Forum

Bimmms:
Pls , how much dividend is Nascon paying ? I saw an article on Nairametrics saying 5naira , I saw someone saying here earlier 1naira, pls which one to believe ?

https://doclib.ngxgroup.com/Financial_NewsDocs/40443_NASCON_ALLIED_INDUSTRIES_PLC-_QUARTER_5_-_FINANCIAL_STATEMENT_FOR_2023_FINANCIAL_STATEMENTS_MARCH_2024.pdf
This is from the AFS pages 4, 5 and 59 shown below

Proposed bonus
Two (2) new ordinary shares of 50 kobo to every hundred (100) existing ordinary shares held by Company shareholders
was proposed at the board meeting held on February 27, 2024 and subject to approval at the Annual General Meeting.


1. Review of activities
Principal activities
The principal activities of the Company include the processing of raw salt into refined, edible and grade salt. The Company
also produces seasoning cubes.
The Company recorded a profit after taxation of N13.73 billion (2022: N5.47 billion) for the year.
2023 interim dividend paid is 100 kobo per share (2022: 100 kobo per share).
Proposed bonus for 2023 two (2) new ordinary shares of 50 kobo to every hundred (100).

At 31 December
At the Annual General Meeting held on 26 May 2023, the shareholders approved that dividend of 100 kobo per ordinary
share amounting to N2.649 billion be paid to shareholders for the year ended 31 December 2022.
In the current year an interim dividend of 100 kobo per ordinary was approved and paid on 17 November 2023 to the
shareholders
A bonus issue in respect of the year ended 31 December 2023 amounting to 52,988,767.56 ordinary shares to be
distributed as fully paid-up ordinary shares to existing shareholders whose name appears in the Register of Members as at
the close of business on 6 May 2024, in the proportion of two (2) new ordinary shares of 50 kobo to every hundred (100)
existing ordinary shares held by them was proposed at the board meeting held on February 27, 2024 and subject to
approval at the Annual General Meeting.

iHaveMadeiT2:
Please what do you know about the NASCON special dividend controversy? Any other source apart from nairametrics? If it was an error by nairametrics, I'm surprised it has not been corrected up till now.

@Shalom428 replied already.

But with the fantastic result of NASCON, ordinarily, they're supposed to pay dividend but it's yet to be declared.....
If there's no dividend, then there might be another plan yet to be made public.

Overall, NASCON is a good buy because Alhaji too is still coming.
How low can it go from CP? I don't know
*Modified*

BREAKING!!
MTN just reached a 52-week low. Avenue for bargain hunters to scoop when the coast is clear.

CHAMPION

Just got TRANSCORPOWER now

Chanpion Brewery ooo

Princkez:
Just got TRANSCORPOWER now

how ? Im looking to buy also

I suspect someone intentionally sent the rumor of a NASCON special div to jack up the price so s/he can exit and probably queue to TRANSPOWER...

Congratulations...

Princkez:
Just got TRANSCORPOWER now

Princkez:
Just got TRANSCORPOWER now

Lucky You!!!

delvzy:
BREAKING!!
MTN just reached a 52-week low. Avenue for bargain hunters to scoop when the coast is clear.

Lower low

TRANSPOWER
More distribution of the free float ongoing now....
Yesterday: Just 40m
Today: 57m+ so far....
I think Tony is a generous and changed man....... disappointing all those castigating him..

Unlike MECURE that came to run people street upon listing......

yMcy56:
TRANSPOWER
More distribution of the free float ongoing now....
Yesterday: Just 40m
Today: 57m+ so far....
I think Tony is a generous and changed man....... disappointing all those castigating him..

vacanci:
for me i don't care whether MTN is good or not. i don't have emotional attachment to any company. i am only interested in my money.

If MTN price goes down and i spot opportunity to help that my money, i will jump in. when i meet my target i will jump out. my money is more important

Words on marble.

yMcy56:
TRANSPOWER
More distribution of the free float ongoing now....
Yesterday: Just 40m
Today: 57m+ so far....
I think Tony is a generous and changed man....... disappointing all those castigating him..

with the os of 7.5 billion to geregu 2.5 billion even with the output capacity. It is nearing its value of #350 based on geregu price manipulation....my opinion

And he is not generous because he didn't start transcorp plc.And people buying TPP now are using thr money,lol

[quote author=Coolcash1 post=128783129]TRANSCORP...FOLLOW THE MONEY...

Transcorp is on fire. Can we say Transcorp power is helping her ministry or there are other reasons for the upward trajectory?
Kindly assist with more reasons for the movement if any

Streetinvestor2:
with the os of 7.5 billion to geregu 2.5 billion even with the output capacity. It is nearing its value of #350 based on geregu price manipulation....my opinion

And he is not generous because he didn't start transcorp plc.And people buying TPP now are using thr money,lol

I don hear Oga Street....
Quite some sell off in some other stocks just to key into POWER probably.....
The capacity that's more than double Geregu's..
We should allow Mr. Market to decide.

yMcy56:
TRANSPOWER
More distribution of the free float ongoing now....
Yesterday: Just 40m
Today: 57m+ so far....
I think Tony is a generous and changed man....... disappointing all those castigating him..

Unlike MECURE that came to run people street upon listing......

The way its being brought out, its possible the thing go dey available before 500.

40million yesterday, 60million within 1hr 30mins of trading already today.

Mpeace:
The way its being brought out, its possible the thing go dey available before 500.

40million yesterday, 60million within 1hr 30mins of trading already today.

So you want them to hoard it?
E never near 1bn yet o
Never even near the 500milion on top...
It's new listing and there must be a certain % of free float to release to the public

Streetinvestor2:
with the os of 7.5 billion to geregu 2.5 billion even with the output capacity. It is nearing its value of #350 based on geregu price manipulation....my opinion

And he is not generous because he didn't start transcorp plc.And people buying TPP now are using thr money,lol

Dey play

Boshins:
Dey play

Transcorp has the controlling shares of Transcorp Power. With 51.6% in Transcorp Power , Transcorp remains the Parent company. All things being equal.

Technically , every Transcorp shareholders owns 51.6% shares of Transcorp Power. This alone should propel Transcorp price but this is NSE , everything is possible, nothing is impossible.

If the elites can be sincere and play by the rules , the investing public and foreign investors will be encouraged but again , this is Nigeria

Not a buy recommendations.

Follow The Money

defebe:
Champion Brewery ooo

@KarlTom, if you are in ChampionBrew and your mind dey shake, there is an opportunity to RUN now. About 2,522,128 on bid now at an average price of 3.75......All you need to do is sell at marketprice........Run now and have peace of mind

Who get TOE number abeg help me call am.
Na tesere power units I wan buy...

I never said I had CHAMPION. I am a IB holder.
Maybe this your message is for those who were accumulating few days ago..

I will definitely still enter CHAMPION, I'm just waiting for clarity on the direction. Recall that NB/Heineken is still running the show at CHAMPION for the next 12months ...

222Martins:
@KarlTom, if you are in ChampionBrew and your mind dey shake, there is an opportunity to RUN now. About 2,522,128 on bid now at an average price of 3.75......Run now and have peace of mind

Boshins:
Dey play

No wahala from my own calculations .You go see offer full ground btw #350- #400....watch out by Monday next week


In another news I dey wait make transcorp reach #20.We go ..... to my dear alhaji creating opportunities

Shalom428:
Transcorp has the controlling shares of Transcorp Power. With 51.6% in Transcorp Power , Transcorp remains the Parent company. All things being equal.

Technically , every Transcorp shareholders owns 51.6% shares of Transcorp Power. This alone should propel Transcorp price but this is NSE , everything is possible, nothing is impossible.

If the elites can be sincere and play by the rules , the investing public and foreign investors will be encouraged but again , this is Nigeria

Not a buy recommendations.

Follow The Money

Truth

Locotrader:
A total of 6,788,540 units of champion cooling head in my portfolio now.Not for sale till target met.I even pray for buy out offer self.

No need to show pics again.
Some go begin throw me big stones on my bald head.

Whom the gods would destroy, they first make mad-Reverend William Anderson Scott.



LOCO I wonder why you aren't talking about champion brewery again well the above adage says it all

BARGAIN HUNTERS TAKE NOTE!

PETERiCHY:
Whom the gods would destroy, they first make mad-Reverend William Anderson Scott.



LOCO I wonder why you aren't talking about champion brewery again well the above adage says it all

BARGAIN HUNTERS TAKE NOTE!

Peteru

KarlTom:
CHAMPION

Be calming down. Nearly all the stocks have a lot of their holders offloading to buy TRANSCORP and/or TRANSPOWER.
The way to go now is counter attack meaning that one should rather lay ambush for those stocks where serious offloading is taking place and strike at their bottom when the rallies in TRANSCORP and TRANSPOWER end

Streetinvestor2:
No wahala from my own calculations .You go see offer full ground btw #350- #400....watch out by Monday next week


In another news I dey wait make transcorp reach #20.We go ..... to my dear alhaji creating opportunities

same calculation you guys did on Transcorp last week when Power was about to be listed....today see TRANSCORP PLC

Princkez:
same calculation you guys did on Transcorp last week when Power was about to be listed....today see TRANSCORP PLC