₦airaland Forum

nosa2:
Sold down my Access and bought back ETI.

This extension no be am

Thought you dey believe in Access before..Access na another oando ..dem go whine you but no panic

Yoursfaithful:
Thought you dey believe in Access before..Access na another oando ..dem go whine you but no panic

Oando is busy launching EV buses in Lagos.... Wale is going off oil....


Finally, recall those electric buses we announced their test-run about a year ago or so, Oando has now completed their test run, an initial 50 buses have been shipped, on their way out of 500 coming to Lagos.

presiade:
What if ZENITHBANK dropped a banger and declared N5.00 interim dividend?

Banger when it is not Christmas day or New Year eve?

You better wake up before train leave you behind.

The result released by GT will justify the "cockroach theory". Just as I predicted after the YE results of the last time.

faoogoke:
Accesscorp over 183 million uints traded.
Those selling know why they are selling.
Those buying are not stupid either.

One group is wiser than the other.

I am heavily in access and waiting for the results. Up 15% so I have exit buffer if needed.

ppogba:
One group is wiser than the other.

Don’t worry, it’s a matter of time. We’ll see who needs to wake up to reality. The delay suggests that ZENITHBANK is proposing something big, but the regulator (CBN) is attempting to hack it down. While I’m not expecting a N5.00 interim dividend (but nothing is impossible), I believe they will definitely outperform last year’s pay, in proportion to what STANBIC did.

ppogba:
Banger when it is not Christmas day or New Year eve?

You better wake up before train leave you behind.

The result released by GT will justify the "cockroach theory". Just as I predicted after the YE results of the last time.

ayobama1:
What's the bonus ratio and what happens if I don't complete the form 🤔

To calculate yourself, see the Scrip dividend column.

https://doclib.ngxgroup.com/Financial_NewsDocs/47865_P_Z_CUSSONS_NIGERIA_PLC.-DIVIDEND_NOTIFICATION_CORPORATE_ACTIONS_AUGUST_2026.pdf

PZ is back to dividend after 4 years — and this time with an option.

For FYE 31st May 2026 (audited: PAT *N45.17bn*, +349% YoY):

- *Dividend: N2.50 per 50k share* — about N9.93bn total payout
- *AGM: Oct 28, 2026* - Abuja (needs approval first)
- *Qualification Date: Oct 9, 2026* close of business
- *Register closure: Oct 12-16*
- *Payment Date: Oct 30, 2026* via e-dividend.

The 3 Options — Scrip Dividend:

You must submit the election form *on/before Oct 23, 2026*:

*1. 100% Cash:* Default. Get N2.50 per share minus WHT to your bank account.

*2. 100% Shares (Scrip):* Instead of cash, get new PZ shares. Number of shares = (Your dividend amount) / (Reference Price). Reference Price = *10-day VWAP starting Oct 12*.

*3. Mix:* Part cash, part shares — you split on the form.

> Example: If you have 10,000 shares, dividend = N25,000. If VWAP reference = N65, and you pick 100% scrip, you'd get ∼384 new shares instead of cash.

*Which is better?*

- Need cash / high WHT? Take *Cash*
- Bullish long-term and want to avoid unclaimed dividend wahala + increase holding without brokerage fees? Take *Scrip*. PZ just turned net assets positive to N66.64bn from negative N17.34bn last year and deleveraged heavily — scrip buyers are betting on continuation.
- Scrip is tax efficient — no WHT on shares, but cash dividend has WHT.

If you don't submit the form by Oct 23, you'll be paid cash automatically.

faoogoke:
I am amazed how Nigerian have so much faith in politicians.
Anyone taking over from BAT will not make life easier for the poor.
They dont care about anyone but themselves.

How old are u.Is it not the politicians that are making the economic policies in the country u live.Abi na God dey make the policies. when obj and gej was president. They whr not politicians. Whr they spirits

Oasisblue:
The same Oando that went from N5.50k in 2023 to 90 Naira in late 2024 under this same government?

I don't care what price it went to
Has the character of the ceo changed.
Investment in a company is beyond price of stocks to people who know what they are doing in stocks Investment

Oasisblue:
I think they know the so-called alternatives are not any better. They just hate the incumbent.

He is managing the country just like wale has been managing oando.
You like him because he is from your village not because he has achieved anything.
Na the charge way some of una dey see for ngx that can not really buy anything they worry some of u.
The day some of u see hospital bill of 10 million. and above. Many of una brain go reset.I pray you guys don't land on social space begging for help

Continue to hope on them.

No vex!

Streetinvestor2:
How old are u.Is it not the politicians that are making the economic policies in the country u live.Abi na God dey make the policies. when obj and gej was president. They whr not politicians. Whr they spirits

faoogoke:
Continue to hope on them.

No vex!

Why are u here if not to hope on how someone runs a company to produce results. If the ceo of the company is failing in managing the business .Won't u be calling for his sack. Abi iis God u are expecting to manage the company affairs .
Do you know how many millions of my money that goes to this government as 10% WHT
And now I am at the teaching hospitals and buying drugs outside for my sick love one.The doctors are poorly equipped and the services are substandard. And still private clinics will refer u to the place

millo:
I am heavily in access and waiting for the results. Up 15% so I have exit buffer if needed.

Well done, you now have a part ownership of an EV company

Multi-Trex Plc FYE April 2025 is a *balance sheet rescue, not a business recovery.*

Here is what it really means:

*1. Operations are dead*
- Turnover: *N47.9m vs N1.2bn = -96%*
Factory was essentially shut for most of the year. They weren't producing.

*2. But they finally killed AMCON*
- *N9.9bn AMCON debt - repaid in full* as at April 30, 2025.
- That debt has hung since 2010. This un-encumbers the factory assets in Ogun State.
- Effect: Total Assets down only 4% to *N15.93bn*, but Equity *up 39% to N9.98bn* — because the liability was written off or repaid via asset restructuring.

*3. Why N423.2m loss after profit of N510.9m?*
You can't drop revenue 96% and drop costs 96%. You still pay:
- Depreciation on that N15bn asset base
- Staff retention, security, audit fees
- Interest before payoff
= Fixed cost absorption → loss.

*Going Concern Verdict: Technically alive, commercially fragile.*

Going concern only works if:

- *N-Foods Universal Concept deal* actually brings working capital + raw cocoa + export offtake to restart the lines. Without it, N15.93bn of plant = scrap value.
- They can fund fresh beans. Cocoa prices in 2024/25 hit $10k+ per ton — worst time to restart with no cash.

*Ratios from the numbers:*

- *Asset Turnover = 0.003x* (47.9m / 15.93bn) — catastrophic underutilization
- *Solvency: D/E now ∼0.6x* (approx, down from >2x) — very strong on paper post-AMCON
- *Liquidity: Weak* — most assets are factory PPE, not cash. Needs N-Foods injection.

*Bottom line for investors:*
Multi-Trex is now a *clean shell with a factory*. It has solved its 10-year debt problem but has not yet solved its business problem. Don't buy for earnings — buy only if you believe N-Foods will restart operations and cocoa margins normalize.

Who would have thought we’d live to see an era where Presco could be described as illiquid? The NGX is truly a unique animal.

Erniemax101:
Who would have thought we’d live to see an era where Presco could be described as illiquid? The NGX is truly a unique animal.

Same as aradel and okomu.....all have been in free fall

A summary of Friday's trading session on the NGX


https://www.youtube.com/watch?v=5Kqoc5m3ARI?si=afzyJrTaWUHUUV8y

Access Holdings gets NGX's extension for H1 audited results filing

*Key Points:*

1. *Extension Granted:* NGX granted Access Holdings Plc a further extension to publish its audited H1 2026 financial statements.

2. *Reason:* Delay linked to outstanding regulatory approval from Central Bank of Nigeria (CBN). The extension does not specify a new publication date.

3. *Company Statement:*
> "As the Company awaits completion of the regulatory approval process, NGX has granted a further extension to the Company to publish the Results promptly upon receipt of the requisite approval."

4. *Second Delay:* This is the second extension for H1 2026. First extension was granted in August to September 30, after Board approved results on Aug 27.

5. *History of Delays:*
- H1 2025: Extension to Oct 22, 2025 awaiting CBN approval
- FY2025: Delay in April 2026 despite SEC approval; also reason for no FY2025 dividend due to regulatory compliance.

6. *Q1 2026 Performance (for context):*
- PBT: N272.21bn (+22.19% YoY)
- PAT: N216.54bn (+18.49%)
- Non-interest income: N444.68bn (+19.03%)
- Net interest income: N383.71bn (-26.68%)
- Impairment charges: N73.81bn (+239.04%)
- Opex: N411.27bn (+26.16%)

7. *FY2025:* PBT N1.01trn (+16.2%), Total Assets N51.56trn.

I think the word "Illiquid" is frequently being thrown around on this Platform, sometime very wrongly.

For context: You have no personal right to call a stock "Illiquid", unless the entire units of that stock that you personally want to Sell Off, exceed the entire units of that stock that is presently on the Bid side of that stock's Order Book.

Also, you have no personal right to call a stock "Illiquid", unless the entire units of that stock that you personally want to Buy, exceed the entire units of that stock that is presently on the Offer side of that stock's Order Book.


Most times, you are calling a stock "Illiquid", whereas na you never really ready to Buy or Sell off the stock, because you are waiting until it gets to your limit Target Price, instead of executing your Order, at the available Market Price.

Most people on this platform use "Illiquid" to mean "it didn't trade at MY price" — which is not illiquidity, that is just price disagreement.

*A stock is only illiquid TO YOU if:*

1. You want to SELL, and your total quantity > total quantity currently sitting on the BID side of the order book.

2. You want to BUY, and your total quantity > total quantity currently sitting on the OFFER side of the order book.

If the quantity you want is available on the other side, but you refuse to hit it because you are waiting for your own limit target price — that is not illiquidity.

That is you being unwilling to pay the market price or accept the market price.

True illiquidity is when the market cannot absorb you even if you are willing to trade at market.

Most of what people complain about here is just low volume at their desired price level, not actual illiquidity.

My counsel remains the same. Keep hoping on them. On this NGX, I hope on God for all my moves.
I see say you dey vex. Biko! No vex. Be calming down

Streetinvestor2:
Why are u here if not to hope on how someone runs a company to produce results. If the ceo of the company is failing in managing the business .Won't u be calling for his sack. Abi iis God u are expecting to manage the company affairs .
Do you know how many millions of my money that goes to this government as 10% WHT
And now I am at the teaching hospitals and buying drugs outside for my sick love one.The doctors are poorly equipped and the services are substandard. And still private clinics will refer u to the place

My counsel remains the same. Keep hoping on them. On this NGX, I hope on God for all my moves.
I see say you dey vex wella. Biko! No vex. Be calming down. It shall be well.

Streetinvestor2:
Why are u here if not to hope on how someone runs a company to produce results. If the ceo of the company is failing in managing the business .Won't u be calling for his sack. Abi iis God u are expecting to manage the company affairs .
Do you know how many millions of my money that goes to this government as 10% WHT
And now I am at the teaching hospitals and buying drugs outside for my sick love one.The doctors are poorly equipped and the services are substandard. And still private clinics will refer u to the place

Thank you for this information.
We keep waiting.

essentialone1:
Access Holdings gets NGX's extension for H1 audited results filing

*Key Points:*

1. *Extension Granted:* NGX granted Access Holdings Plc a further extension to publish its audited H1 2026 financial statements.

2. *Reason:* Delay linked to outstanding regulatory approval from Central Bank of Nigeria (CBN). The extension does not specify a new publication date.

3. *Company Statement:*
> "As the Company awaits completion of the regulatory approval process, NGX has granted a further extension to the Company to publish the Results promptly upon receipt of the requisite approval."

4. *Second Delay:* This is the second extension for H1 2026. First extension was granted in August to September 30, after Board approved results on Aug 27.

5. *History of Delays:*
- H1 2025: Extension to Oct 22, 2025 awaiting CBN approval
- FY2025: Delay in April 2026 despite SEC approval; also reason for no FY2025 dividend due to regulatory compliance.

6. *Q1 2026 Performance (for context):*
- PBT: N272.21bn (+22.19% YoY)
- PAT: N216.54bn (+18.49%)
- Non-interest income: N444.68bn (+19.03%)
- Net interest income: N383.71bn (-26.68%)
- Impairment charges: N73.81bn (+239.04%)
- Opex: N411.27bn (+26.16%)

7. *FY2025:* PBT N1.01trn (+16.2%), Total Assets N51.56trn.

faoogoke:
My counsel remains the same. Keep hoping on them. On this NGX, I hope on God for all my moves.
I see say you dey vex. Biko! No vex. Be calming down

Lol
we are made in the images and likeness of God. So we God representation on earth..So our economic problems will not be fixed by God.It will be fixed by human as God already gave us brain. So those who manage our economy matters. And this group falls within the political group. And this group collect millions of my money yearly as tax so I will not ignore thr activities and decisions as it affects me

nosa2:
Sold down my Access and bought back ETI.

This extension no be am

One will believe Access will have a change of heart
after the demise of the Wigwe.

I sold all my holding after nothing changed.

Bro some of these people dont represent God. Be they politicians or business persons.
Dont let me say some of them are agents of the Devil himself.

Streetinvestor2:
Lol
we are made in the images and likeness of God. So we God representation on earth..So our economic problems will not be fixed by God.It will be fixed by human as God already gave us brain. So those who manage our economy matters. And this group falls within the political group. And this group collect millions of my money yearly as tax so I will not ignore thr activities and decisions as it affects me

presiade:
Don’t worry, it’s a matter of time. We’ll see who needs to wake up to reality. The delay suggests that ZENITHBANK is proposing something big, but the regulator (CBN) is attempting to hack it down. While I’m not expecting a N5.00 interim dividend (but nothing is impossible), I believe they will definitely outperform last year’s pay, in proportion to what STANBIC did.

Don't count your chicks before they are hatched. There might be nothing in the egg shell

In the history of the NGX, a delayed result doesn't portray something potentially good about the company, irrespective of whoever is causing the delay.

Erniemax101:
Who would have thought we’d live to see an era where Presco could be described as illiquid? The NGX is truly a unique animal.

Presco has always been an illiquid stock

.

essentialone1:
PZ is back to dividend after 4 years — and this time with an option.

For FYE 31st May 2026 (audited: PAT *N45.17bn*, +349% YoY):

- *Dividend: N2.50 per 50k share* — about N9.93bn total payout
- *AGM: Oct 28, 2026* - Abuja (needs approval first)
- *Qualification Date: Oct 9, 2026* close of business
- *Register closure: Oct 12-16*
- *Payment Date: Oct 30, 2026* via e-dividend.

The 3 Options — Scrip Dividend:

You must submit the election form *on/before Oct 23, 2026*:

*1. 100% Cash:* Default. Get N2.50 per share minus WHT to your bank account.

*2. 100% Shares (Scrip):* Instead of cash, get new PZ shares. Number of shares = (Your dividend amount) / (Reference Price). Reference Price = *10-day VWAP starting Oct 12*.

*3. Mix:* Part cash, part shares — you split on the form.

> Example: If you have 10,000 shares, dividend = N25,000. If VWAP reference = N65, and you pick 100% scrip, you'd get ∼384 new shares instead of cash.

*Which is better?*

- Need cash / high WHT? Take *Cash*
- Bullish long-term and want to avoid unclaimed dividend wahala + increase holding without brokerage fees? Take *Scrip*. PZ just turned net assets positive to N66.64bn from negative N17.34bn last year and deleveraged heavily — scrip buyers are betting on continuation.
- Scrip is tax efficient — no WHT on shares, but cash dividend has WHT.

If you don't submit the form by Oct 23, you'll be paid cash automatically.

Meanwhile, never ever trust the love of a 30 year old girl. She just wants to get married.