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Nigerian Stock Exchange Market Pick Alerts - Investment (7679) - Nairaland

Nairaland ForumNairaland GeneralInvestmentNigerian Stock Exchange Market Pick Alerts (15885121 Views)

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Re: Nigerian Stock Exchange Market Pick Alerts by vacanci: 8:38pm On Mar 26, 2024
emmanuelewumi:
FMDQ
Do retail invesrors operate in this territory?
Re: Nigerian Stock Exchange Market Pick Alerts by Owoblowblow: 8:57pm On Mar 26, 2024
My favourite PEEPs, I greet you all.
I wondered if anyone knows why most of these companies that usually release their year end results by first quarter of the new year ate not doing so this time. Usually , we would have received UCAP and Zenith dividend by now. Thank u
Re: Nigerian Stock Exchange Market Pick Alerts by emmanuelewumi(m): 9:28pm On Mar 26, 2024
vacanci:
Do retail invesrors operate in this territory?
Through your bank
Re: Nigerian Stock Exchange Market Pick Alerts by Streetinvestor2: 9:31pm On Mar 26, 2024
Owoblowblow:
My favourite PEEPs, I greet you all.
I wondered if anyone knows why most of these companies that usually release their year end results by first quarter of the new year ate not doing so this time. Usually , we would have received UCAP and Zenith dividend by now. Thank u
Go read from last week page to date .You will see the answers to your question
Re: Nigerian Stock Exchange Market Pick Alerts by Streetinvestor2: 9:33pm On Mar 26, 2024
emmanuelewumi:
Through your bank
Do banks charge for the service .If yes is it based on percentage or fixed amount.
Re: Nigerian Stock Exchange Market Pick Alerts by emmaodet: 9:36pm On Mar 26, 2024
emmanuelewumi:
There is a very highly liquid secondary market for fixed income assets where transactions running to hundreds of billions of naira are done daily. It is far more liquid than NGX.
Reason why I asked the question - provided I miss this FGN bond 22% yield, can I still get it at a reasonable price in the secondary market?
Re: Nigerian Stock Exchange Market Pick Alerts by emmanuelewumi(m): 9:48pm On Mar 26, 2024
Streetinvestor2:
Do banks charge for the service .If yes is it based on percentage or fixed amount.
Because of the huge volume of transaction done, it is cheaper than the commission paid for shares. You pay 0.5% of the value .

Bigger investors pay less than that
Re: Nigerian Stock Exchange Market Pick Alerts by Ades1: 9:49pm On Mar 26, 2024
Owoblowblow:
My favourite PEEPs, I greet you all.
I wondered if anyone knows why most of these companies that usually release their year end results by first quarter of the new year ate not doing so this time. Usually , we would have received UCAP and Zenith dividend by now. Thank u
Most banks have already submitted their AFS to CBN but as always incompetence reigns in this country.

As terrible as Emefiele was, this current CBN regime doing everything to make him look like a genius.

UCAP had their board meeting today, we should hear something between now and Friday.
Re: Nigerian Stock Exchange Market Pick Alerts by Streetinvestor2: 10:37pm On Mar 26, 2024
Ades1:
Most banks have already submitted their AFS to CBN but as always incompetence reigns in this country.

As terrible as Emefiele was, this current CBN regime doing everything to make him look like a genius.

UCAP had their board meeting today, we should hear something between now and Friday.
It is always easy to call another incompetent. The question is what have you contributed to the country. Has the time frame for publishing results elapsed Mr competent.
Re: Nigerian Stock Exchange Market Pick Alerts by Streetinvestor2: 10:41pm On Mar 26, 2024
emmanuelewumi:
Because of the huge volume of transaction done, it is cheaper than the commission paid for shares. You pay 0.5% of the value .

Bigger investors pay less than that
If you decide to way house it with the bank and not cscs is thr charge for it

Pls which bank do you use for your own dealings on this
Re: Nigerian Stock Exchange Market Pick Alerts by Ades1: 2:46am On Mar 27, 2024
Streetinvestor2:
It is always easy to call another incompetent. The question is what have you contributed to the country. Has the time frame for publishing results elapsed Mr competent.
If you accept the job then do the job! Why is is taking CBN more than 30 days to approve or ask for revision if necessary?

Isn’t it too late for you to be awake old man? No be everything you must argue about 🙄🙄
Re: Nigerian Stock Exchange Market Pick Alerts by emmanuelewumi(m): 3:21am On Mar 27, 2024
Streetinvestor2:
If you decide to way house it with the bank and not cscs is thr charge for it

Pls which bank do you use for your own dealings on this
Stanbic IBTC.


You can also use your stockbroker provided they have a very active fixed income desk. Most stockbrokers lack competence in this area
Re: Nigerian Stock Exchange Market Pick Alerts by Owoblowblow: 3:36am On Mar 27, 2024
Ades1:
Thank you very much oga Ade. I understand the reasons for the delays now.

Most banks have already submitted their AFS to CBN but as always incompetence reigns in this country.

As terrible as Emefiele was, this current CBN regime doing everything to make him look like a genius.

UCAP had their board meeting today, we should hear something between now and Friday.
Re: Nigerian Stock Exchange Market Pick Alerts by W0t0w0toman: 4:15am On Mar 27, 2024
Ades1:
If you accept the job then do the job! Why is is taking CBN more than 30 days to approve or ask for revision if necessary?

Isn’t it too late for you to be awake old man? No be everything you must argue about 🙄🙄
You way still dey awake, what are you awake at this time of the night(2.46am) for? You be witch? undecided
Re: Nigerian Stock Exchange Market Pick Alerts by yMcy56: 6:43am On Mar 27, 2024
Krisuba:
Please do anyone know what morgan charges for urgent withdrawals??
1% of the amount.
Re: Nigerian Stock Exchange Market Pick Alerts by yMcy56:
Owoblowblow:
I wondered if anyone knows why most of these companies that usually release their year end results by first quarter of the new year ate not doing so this time. Usually , we would have received UCAP and Zenith dividend by now. Thank u
Your observation was right..
Around this time last year, some results and dividend declarations were already out......
This year, there has been postponement upon postponement of board meetings and quite a lot of companies filing for late submission.
* Think it has to do with some economic events or some other regulatory factors.........NAICOM approval for Insurance stocks and CBN approval for banks...
* We should be expecting some results anytime from now.
Re: Nigerian Stock Exchange Market Pick Alerts by Owoblowblow: 7:34am On Mar 27, 2024
yMcy56:
Madam, thank you for your response. Always very helpful. Thank u.
Your observation was right..
Around this time last year, some results and dividend declarations were already out......
This year, there has been postponement upon postponement of board meetings and quite a lot of companies filing for late submission.
* Think it has to do with some economic events or some other regulatory factors.........NAICOM approval for Insurance stocks and CBN approval for banks...
* We should be should be expecting some results anytime from now.
Re: Nigerian Stock Exchange Market Pick Alerts by Princkez: 9:08am On Mar 27, 2024
ACCESS BANK to pay #1.80k dividend....
Re: Nigerian Stock Exchange Market Pick Alerts by Mpeace(m): 9:17am On Mar 27, 2024
Princkez:
ACCESS BANK to pay #1.80k dividend....
They did extremely well. They had an eps of 17naira. Wow. Q4 performance was splendid.
Re: Nigerian Stock Exchange Market Pick Alerts by Streetinvestor2: 9:22am On Mar 27, 2024
Ades1:
If you accept the job then do the job! Why is is taking CBN more than 30 days to approve or ask for revision if necessary?

Isn’t it too late for you to be awake old man? No be everything you must argue about 🙄🙄
Thanks,It is good to be old and filled with wisdom. And when you are young,learn the rules , regulations and powers vested on an establishment before you make uninformed pronouncements.

And it is 24hrs that make a day.Different people pick the hours to sleep within it.

And the present cbn guy is doing wonderfully better than the last .I am not a fan of tinubu/Apc but they are doing great in some governance/policy
Re: Nigerian Stock Exchange Market Pick Alerts by ExcessKJ(m): 9:32am On Mar 27, 2024
Please 🙏 on behalf of all newbies on this thread. Let all members here lessen their attack on active members in the forum. We don't want these people to become angry or feel frustrated to consider refraining themselves from this forum

Please 🙏, less attack on them. It would be inappropriate to mention names but everyone knows those members whose contributions has added more values and important informations about NSE and equity trading.

Kindly allow them to stay, thank you
Re: Nigerian Stock Exchange Market Pick Alerts by Capitas7: 9:44am On Mar 27, 2024
Princkez:
ACCESS BANK to pay #1.80k dividend....
Very good results at a quick glance!

One might guess that with the usual (maybe often unconscious) price correction to 10% dividend yield, Access might settle at N21 after the initial back and forth trades following this news. But do dividend-aiming investors still consider 10% a fair deal after the recent events of rapid devaluation, unrepentant inflation, highly competitive fixed income rates, etc.?
Re: Nigerian Stock Exchange Market Pick Alerts by kolaish(m): 9:48am On Mar 27, 2024
Princkez:
ACCESS BANK to pay #1.80k dividend....
Quite an improvement. Bringing the total dividend for 2023 financial year to 210k as against 150k paid in 2022. This is a good omen for the banking sector. But then, the market has its own mind to say if the increase in dividend is sufficient enough to sustain the price!
Re: Nigerian Stock Exchange Market Pick Alerts by yMcy56:
Re: Nigerian Stock Exchange Market Pick Alerts by BHG: 10:00am On Mar 27, 2024
UCAP to pay #1.80k dividend as well smiley
Re: Nigerian Stock Exchange Market Pick Alerts by KarlTom: 10:09am On Mar 27, 2024
Ding! grin wink
Re: Nigerian Stock Exchange Market Pick Alerts by Capitas7: 10:15am On Mar 27, 2024
emmanuelewumi:
I have both of them, my average cost price is less than N5. 00
Sold 25% of my United Capital and 20% of my Nahco shares last week to buy fixed income investment at 20% guarantee return
What elders see while sitting,....

BHG:
UCAP to pay #1.80k dividend as well smiley
Yield point in physics, diminishing returns in economics, stationary phase in biology, etc.
UCAP has blessed many portfolios for years; the time to recharge might be dawning.
Re: Nigerian Stock Exchange Market Pick Alerts by unite4real: 10:16am On Mar 27, 2024
BHG:
UCAP to pay #1.80k dividend as well smiley
imagine if most companies behave like UCAP, the banks shares would have hit the moon.

UCAP eps N1.9 and they paid N1.8

ACCESS eps N17 and they paid N1.8
Re: Nigerian Stock Exchange Market Pick Alerts by Streetinvestor2: 10:22am On Mar 27, 2024
BHG:
UCAP to pay #1.80k dividend as well smiley
Good one though I was expecting #2.00.Nothing swt like free money something my BE is #1.00 plus all this yrs of div.Ucap remains my best investment decision
Re: Nigerian Stock Exchange Market Pick Alerts by Capitas7: 10:22am On Mar 27, 2024
unite4real:
imagine if most companies behave like UCAP, the banks shares would have hit the moon.

UCAP eps N1.9 and they paid N1.8

ACCESS eps N17 and they paid N1.8
Very true!
But when the forward outlook of expense of growth, currency instability, and recapitalization are factored in, one might praise the banks for even the modest dividends that they will pay.
Re: Nigerian Stock Exchange Market Pick Alerts by KarlTom: 10:23am On Mar 27, 2024

Re: Nigerian Stock Exchange Market Pick Alerts by ExcessKJ(m): 10:38am On Mar 27, 2024
The Board of Directors proposed a Final Dividend of N1.80k (Dec 2022: N1.30 Kobo) per ordinary share of 50 Kobo each on the 35,545,225,622 issued ordinary shares of 50k each payable to
shareholders on the register of shareholding at the closure date. Withholding will be deducted at the time of payment.


Please 🙏, I need help to interprete what this statement mean. Although, obviously access is paying a shareholders approved N1.80k dividend per share.

But what is the meaning of per ordinary share of 50 kobo on each of their 35 billion share issued ordinary shares of 50k each payable to shareholders on the register

Thank you
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