₦airaland Forum

yMcy56:
This one pass manage in my opinion.
From 0.30k, to 0.50k.....then to N1.25k
I think Zenith has tried.
Na interim ooo, no be final.
Make some people dey get contentment sometimes.
At least, now we know that the payment of interim is sure by ugaz....

I am happy about the interim dividend o. After all they increase from N1.00 to N1.25k
This is an increment. They paid only N1.00k last year. Now with higher outstanding shares they still up their game.

yMcy56:
This one pass manage in my opinion.
From 0.30k, to 0.50k.....then to N1.25k
I think Zenith has tried.
Na interim ooo, no be final.
Make some people dey get contentment sometimes.
At least, now we know that the payment of interim is sure by ugaz....

Quite interesting. So now Access likely pays 1 naira while Zenith pays 1.25 naira in interim.
Yet, Zenith is priced almost 2.5X of Access.
BTW, Zenith's profit is down 13.95% YoY compared to H1 2024, but is paying out 25% more.

Updated:
Zenith wrote down over 700Bn in impairment....I see.

unite4real:
you wear cap and you cannot know that it is right above you?
just look right above ur comment and you will see something

Thank you my Brother, i didn't read the thread before posting. I was carried away by the information. Trying to confirm it here. You know NSEMPA keep their ears close to the ground.

ositadima1:
Zenith paid ₦1 last year, so that’s about a 25% increase. It should slowly push past ₦70, and possibly ₦100 (which is my fair value).

Oh really!
I thought it was 50kobo
At least there's still a 25% increase on the amount paid last year on top the dilution self.
Dem don try I think.

Olaide1295:
Quite interesting. So now Access likely pays 1 naira while Zenith pays 1.25 naira in interim.
Yes Zenith is priced almost 2.5X of Access.
BTW, Zenith's profit is down 13.95% YoY compared to H1 2024, yet paying out 25% more.

How are you sure Access will pay as much as N1.00k ? If they do, that will be fantastic because na we dey there too.

Agbalowomeri:
Some people go do like mad man una go take am for joke Lol Stock market is a mad place

No be small thing o

He say he instructed GUINNESS and broker go buy that insurance stock that has similar name.

Next thing na to see GUINNESS on full bid. No be juju be that?

UBA
https://doclib.ngxgroup.com/Financial_NewsDocs/44978_UNITED_BANK_FOR_AFRICA_PLC-_QUARTER_2_-_FINANCIAL_STATEMENT_FOR_2025_FINANCIAL_STATEMENTS_SEPTEMBER_2025.pdf

IYGEAL:
No be small thing o

He say he instructed GUINNESS and broker go buy that insurance stock that has similar name.

Next thing na to see GUINNESS on full bid. No be juju be that?

Na real juju my brother.
I nearly die of laughter when I saw the post yesterday.
Reminds me of one Oga who had a visitor in his office. He called his assistant and requested for a TIPEX, the correction fluid. After several minutes of waiting for the TIPEX, Oga called his assistant again and asked what the problem was. Na so assistant talk say, " water never boil'". Oga asked, water for what? Assistant say, water for tea!
He taught Oga asked him to prepare tea .

If you waka for office , you go see orisirisi.

Communication 101. Clarity is a MUST.

cocolacec:
UBA
https://doclib.ngxgroup.com/Financial_NewsDocs/44978_UNITED_BANK_FOR_AFRICA_PLC-_QUARTER_2_-_FINANCIAL_STATEMENT_FOR_2025_FINANCIAL_STATEMENTS_SEPTEMBER_2025.pdf

#0.25 dividend is very poor

thebargainhunte:
#0.25 dividend is very poor

wahalurrrr ... We wey dey Firstbank no dey kuku expect anything

cocolacec:
UBA
https://doclib.ngxgroup.com/Financial_NewsDocs/44978_UNITED_BANK_FOR_AFRICA_PLC-_QUARTER_2_-_FINANCIAL_STATEMENT_FOR_2025_FINANCIAL_STATEMENTS_SEPTEMBER_2025.pdf

UBA is trying to meet up with recapitalization. No wonder the free fall of their share price. From N2.00k interim dividend to N0.25k this year. This is too poor.

jonnysessy:
UBA is trying to meet up with recapitalization. No wonder the free fall of their share price. From N2.00k interim dividend to N0.25k this year. This is too poor.

Extremely poor it will be punished by the market in the days ahead.

What will fidelity now pay?

shebi there was news flying around that the banks will not pay interim dividend apart from GTCO due the forbearance issues.

Now at least they paid which shows their strength. I believe when they are all out of the woods, return to quality dividend payment is sure

unite4real:
shebi there was news flying around that the banks will not pay interim dividend apart from GTCO due the forbearance issues.

Now at least they paid which shows their strength. I believe when they are all out of the woods, return to quality dividend payment is sure

Let's see what GTCO pays. The should do better.
I no trust Access but they may surprise us.
But forget the poor dividend, the fact that they are able to pay dividends shows they might have met and resolved the CBN forbearance issue.

CBN has done one part.
They should do the other next Tuesday.

September must close above 145k.

ogawisdom:
Extremely poor it will be punished by the market in the days ahead.

What will fidelity now pay?

If you recall the purpoted instruction from the Central Bank to the effect that UBA should not pay dividends till next year because of forbearance liability, you want to thank God that it would now pay a little.
If not that Nigerian investors are rugged, we would have exited the stock since last month. For instance, I still went ahead to buy over three hundred thousand units of the stock.
Baba God, thank you o.

Olaide1295:
Quite interesting. So now Access likely pays 1 naira while Zenith pays 1.25 naira in interim.
Yet, Zenith is priced almost 2.5X of Access.
BTW, Zenith's profit is down 13.95% YoY compared to H1 2024, but is paying out 25% more.

Updated:
Zenith wrote down over 700Bn in impairment....I see.

ACCESS fit enter loss if dem write anything down Lol

emmanuelewumi:
Dangote sells to West African countries at N56 discount?

Is that part of the deal to add additional N56 to what local consumers will pay

And this N56 will be shared among some stakeholders.


Just musing

The exports may be priced on the reduced marginal cost to produce more products after a production level is attained.

After X units are produced the increased marginal cost of producing dx for export is lower. Hence exported goods can be sold at a lower price. This makes exports more competitive and creates little hiccups if export ceases for whatever reason for the producing company ops. Everything need not be a conspiracy.

Mpeace:
Let's see what GTCO pays. The should do better.
I no trust Access but they may surprise us.
But forget the poor dividend, the fact that they are able to pay dividends shows they might have met and resolved the CBN forbearance issue.

Have they really?
For UBA, their total forbearance liability was around 771B. Seems they only took half the hit yet. Another half year to go.
Zenith specifically mentioned it in their report that they have exited forbearance but I can't see any mention of it in UBA's report.

"On June 14 2025, the Central Bank of Nigeria (CBN) issued a Circular directing Banks to suspend payment of dividend to shareholders, bonuses to Directors and investment in foreign subsidiaries until full and independently verified exit of loans granted under regulatory forbearance. Accordingly, Zenith Bank took a bold move to fully exit the loans granted under the CBN regulatory forbearance. "

thebargainhunte:
#0.25 dividend is very poor

The management is not serious. What is the essence of this when u are still struggling to meet recapitalisation. I was not expecting any dividend when many are not picking up the RI because it is above floor price..
Tony no think this one well

ositadima1:
Zenith paid ₦1 last year, so that’s about a 25% increase. It should slowly push past ₦70, and possibly ₦100 (which is my fair value).

If Zenith has a fair value of N100, then UBA fair value must pass N75.

0.25k is a big disappointment

olaremint:
0.25k is a big disappointment

Subject to withholding tax

UBA analysis seems to be topping today's discussion from what I've read so far from intelligent contributors here

If you no chop good dividend abeg manage price appreciation. UBA moved from sub 6 to its current price. Tony na man you be joor

Agbalowomeri:
Subject to withholding tax

Do u have to remind them
Dem go comot tax again

U go just dey look for trouble up and down...

megawealth01:
UBA analysis seems to be topping today's discussion from what I've read so far from intelligent contributors here

If you no chop good dividend abeg manage price appreciation. UBA moved from sub 6 to its current price. Tony na man you be joor

In the issued report it can be seen how he lifted a FAT chunk of rights. TOE and key directors have put their strength into raising the value of UBA shares. That's good enough signal for value investors.

megawealth01:
UBA analysis seems to be topping today's discussion from what I've read so far from intelligent contributors here

If you no chop good dividend abeg manage price appreciation. UBA moved from sub 6 to its current price. Tony na man you be joor

UBA RI was dead on arrival. How is it possible for me to see a product cheaper and go for the same product with a higher price. All the price manipulation will be seen in the coming months. I knew the N2.00k interim dividend paid last year was not sustainable, forbearance issue or not. Let's know their recapitalization stance to know the next line of action.

ppogba:
Na real juju my brother.
I nearly die of laughter when I saw the post yesterday.
Reminds me of one Oga who had a visitor in his office. He called his assistant and requested for a TIPEX, the correction fluid. After several minutes of waiting for the TIPEX, Oga called his assistant again and asked what the problem was. Na so assistant talk say, " water never boil'". Oga asked, water for what? Assistant say, water for tea!
He taught Oga asked him to prepare tea .

If you waka for office , you go see orisirisi.

Communication 101. Clarity is a MUST.

Effective communication is underrated

ppogba:
Na real juju my brother.
I nearly die of laughter when I saw the post yesterday.
Reminds me of one Oga who had a visitor in his office. He called his assistant and requested for a TIPEX, the correction fluid. After several minutes of waiting for the TIPEX, Oga called his assistant again and asked what the problem was. Na so assistant talk say, " water never boil'". Oga asked, water for what? Assistant say, water for tea!
He taught Oga asked him to prepare tea .

If you waka for office , you go see orisirisi.

Communication 101. Clarity is a MUST.

Quite interesting that both Guinness and Guinea Insurance pumped today. Sboga is in luck.

Willie2015:
Do u have to remind them
Dem go comot tax again

U go just dey look for trouble up and down...

Ahh make dem fit calculate well
Some people don budget am for school fees

https://www.youtube.com/watch?v=yrzuv3Yc3K4

A summary of today's trading session on the NGX.

Olaide1295:
Quite interesting. So now Access likely pays 1 naira while Zenith pays 1.25 naira in interim.
Yet, Zenith is priced almost 2.5X of Access.
BTW, Zenith's profit is down 13.95% YoY compared to H1 2024, but is paying out 25% more.

Updated:
Zenith wrote down over 700Bn in impairment....I see.

no wonder they are paying this interim from their retained earnings.