₦airaland Forum

SonofElElyonRet:
I just got mine too. Shortpaid by N30.40. I've requested for the shortfall

How una dey manage get this una dividend sharp sharp like this. I have called Meristem twice now and they said it takes likes 2 weeks. Anyway to FastTrack it?

KayOn1:
How una dey manage get this una dividend sharp sharp like this. I have called Meristem twice now and they said it takes likes 2 weeks. Anyway to FastTrack it?

Afriprud for Transcorp Power

KarlTom:
Africa Prudential Registrars...

NB: My friend who uses ARM Securities, got his dividend this morning and he did not fill any e-mandate form. Same with his GTCO dividend.
I think dividend payment is becoming automated with some brokers...

Also got my dividend for Fidelity last week without filling any mandate (I use i-invest)

SonofElElyonRet:
Afriprud for Transcorp Power

No. Berger Paints.

This place is dry...wat happened

defebe:
This place is dry...wat happened

Na the market cause am...

IB Rights issue @3.65 -- 6 new for 1 held at May 2 when we never see Wema Bank own.
Ok

ositadima1:
I did a quick back-of-the-envelope analysis based on worse-case scenarios:

In 2023, Zenith made a Profit After Tax (PAT) of 679 billion Naira at 21.5 Earnings Per Share (EPS), with an outstanding share count (OS) of 31 billion.

Checking the 2023 statement of profit and loss on page 40, I found these lines questionable: "Trading gains" at 566.9 billion Naira and "Other operating income" at 242.5 billion Naira, both explained in more detail in Notes 10 and 11 respectively. These two lines have significantly increased from the 2022 figures, and they are both tied to the Naira devaluation. As a result, I can reasonably assume that the 2024 figures may not be as high if the Naira retraces or maintains its current stability.

So, I have discounted for the 2024 figures, and if all goes well, I estimate the 2024 PAT to be around 379 billion Naira. (Note that "Interest and similar income" more than doubled from the previous year, but I have chosen to leave it as is, as I expect the reversion to the mean to be canceled out by growth.)

If the additional OS reaches 12 billion (which I believe will be needed to raise an additional 300 billion Naira at 25 Naira per share), then the 2024 EPS would drop to 8.6. If they add 25 billion new shares instead, the EPS would drop to 6.6. If they do nothing, I expect the EPS to settle at 12.

In conclusion, in all scenarios, and with things going normally, they should be able to maintain the 4 Naira dividend (4.5 to 5 Naira is even more possible), irrespective of the number of additional shares added.

My concern is what will happen in the meantime - will the share price reach 25 Naira? If so, would it be better to exit the investment and re-enter at a better time, even if it means forgoing the 4 Naira dividend?

Oga Agba, I need your input.

Zenith has hit support at around 31, and the next support seems to be in the 25-26.5 region. Buying here for short-term gains looks good, with the potential to make 10 to 15%. I would prefer to use half of the bankroll (money management) for the current levels, and the other half at the 25-26.5 region if it ever reaches there.

6 new for 1 old OR 1 new for 6 old...

KayOn1:
IB Rights issue @3.65 -- 6 new for 1 held at May 2 when we never see Wema Bank own.
Ok

Raider76:
Transcorp Power dividend just landed

Mine landed too. Who knows what will be the fate ọf their share price after this dividend

KarlTom:
Africa Prudential Registrars...

NB: My friend who uses ARM Securities, got his dividend this morning and he did not fill any e-mandate form. Same with his GTCO dividend.
I think dividend payment is becoming automated with some brokers...

I use I-invest app and I did not fill anything

KarlTom:


6 new for 1 old OR 1 new for 6 old...

Exactly what I said.

KayOn1:
Exactly what I said.

No be wetin dey write for there abi village people don come?

** So we should be expecting IB @3.65 on the floor, no be so?

Ok.

Utalinmou:
Mine landed too. Who knows what will be the fate ọf their share price after this dividend

Maybe we go fit enter then follow una jolly

Transcorp @10.60, Japaul @1.80, Nascon @33, ... na wa! Make Panic selling no set in o.

** Well, there are people that bought below 2 still holding so they have nothing to loose. Same scenario I envisage with DS.

KayOn1:
Transcorp @10.60, Japaul @1.80, Nascon @33, ... na wa! Make Panic selling no set in o.

** Well, there are people that bought below 2 still holding so they have nothing to loose. Same scenario I envisage with DS.

lol!
"Panic talk" can lead to panic sell
Nascon SP != 33

BullBearMkt:
lol!
"Panic talk" can lead to panic sell
Nascon SP != 33

Then 'Panic sell' can cause liver failure...

DeRuggedProf:
Then 'Panic sell' can cause liver failure...

...that's deadly

Thanks to that person who posted the NIBSS link for e-dividend self-service. Can't find the post to quote in appreciation.

I got the dividends of Zenith and StanbicIBTC which I enrolled for without the bank/stockbroker/registrar paper process.

Waiting for the others.

Here is the link for any other person who might need it:

https://docuhub3.nibss-plc.com.ng/edmms/self-service

Audacius:
Thanks to that person who posted the NIBSS link for e-dividend self-service. Can't find the post to quote in appreciation.

I got the dividends of Zenith and StanbicIBTC which I enrolled for without the bank/stockbroker/registrar paper process.

Waiting for the others.

Here is the link for any other person who might need it:

https://docuhub3.nibss-plc.com.ng/edmms/self-service

Let them know that it's not free too.

Credit alert o for all the dividends at once. My Berger Paint dividends no come reach 2 weeks again.

Abeg, Meristem people for here, I dobale for una.
Respect 🙏.

BullBearMkt:
lol!
"Panic talk" can lead to panic sell
Nascon SP != 33

I need the "Panic Sell" to reach NAHCO & a few others ASAP!

As here don too quiet, make I dey keep am going small small till our madam & moderator(s) come back.

KayOn1:
Exactly what I said.

This guys must be high.6 new shares for 1.what will now be the Os of IB

KayOn1:
I need the "Panic Sell" to reach NAHCO & a few others ASAP!

As here don too quiet, make I dey keep am going small small till our madam & moderator(s) come back.

UCAP

The dividend is actually 3.1283 (instead of 3.13)...

SonofElElyonRet:
I just got mine too. Shortpaid by N30.40. I've requested for the shortfall

Same thing I thought when I saw KayOn post.
I definitely would not exercise the rights.
I will target sub 3.20 as entry...

Streetinvestor2:
This guys must be high.6 new shares for 1.what will now be the Os of IB

Audacius:
Thanks to that person who posted the NIBSS link for e-dividend self-service. Can't find the post to quote in appreciation.

I got the dividends of Zenith and StanbicIBTC which I enrolled for without the bank/stockbroker/registrar paper process.

Waiting for the others.

Here is the link for any other person who might need it:

https://docuhub3.nibss-plc.com.ng/edmms/self-service

Have filled the necessary info and documents on the portal.
Please how do I track my dividends progress? I downloaded a document with some numbers for each stock.
How do I use it? Thanks

Nothing person no go see for this nse.IB is offering over160billion shares as right issue. This management have finally decided to bury this company.All this useless men when they settle them.They go to agm with thr 5 units in the company to approve anything in the name of shareholders association. Some of this shareholders association chairman you see in every agm need good beating for some of this rubbish to stop.

OGG whr are you.Na watin you say you see again in this company .

Streetinvestor2:
Nothing person no go see for this nse.IB is offering over160billion shares as right issue. This management have finally decided to bury this company.All this useless men when they settle them.They go to agm with thr 5 units in the company to approve anything in the name of shareholders association. Some of this shareholders association chairman you see in every agm need good beating for some of this rubbish to stop.

OGG whr are you.Na watin you say you see again in this company .

KarlTom:

The market sure has a way of humbling someone.

**
For some stocks, the correction abi battering don too much wey even people wey dey find grave robber price dey even see am 🏃‍♂️.

How do I justify that the second tranche of my Chams is sitting on close to 40% paper loss eventhough I know it will recover?

KayOn1:
I need the "Panic Sell" to reach NAHCO & a few others ASAP!

As here don too quiet, make I dey keep am going small small till our madam & moderator(s) come back.

Regarding the quietness of this place, you never see anything lol.... This place go be like cemetery when the real bears take over.

I said it before, when e red, everybody go fly fence

KarlTom:
The dividend is actually 3.1283 (instead of 3.13)...

Oh thanks..