DeRuggedProf:


This is exactly what happens when you buy shares in a notorious law firm like Oando, instead of cash dividends, you get credited with unending litigations.

SEC goofed big time. What would it cost them to invite oando to answer. It will not stop them from doing what they want to do. Its simple, call them and after their explanation you tell the its not a satisfactory explanation and then you do de needful.

I am beginning to think all this drama was planned. Court gives Order for reinstatement of Gwarzo as DG next day SEC takes funny decision on a report they have had in their possession for over a year. This thing will be in court for the next 10 year and nothing will happen to oando.

austinkenneth:



When the dividend is not a lot they work faster and better

First Registrars are always very efficient in processing dividend especially if you are using first bank account for the dividend payment.

DAILY STOCK MARKET GUIDE FOR 12 JULY 2019

MSCI still inactive in the market.

No need chasing this market. We must be willing to commit our money at our own will. If the market is below 29,012.12 better to stay out.

Caution: This is for information purpose only. Data used are assumed to be correct. However, you may want to verify the data from an appropriate source. Also, Institutions can afford to suffer big losses without going burst compared with an individual, you cannot follow them blindly (you need to at least have some knowledge/your own plan). This document remains the personal property of Target technical analysis https://twitter.com/AnalysisTarget

TLAX:


Yup...The bankers are smart. I think many of them will drop dividends this year in view of the barrage of new and potential directives from the CBN. In any case the argument will be that if stock prices do not improve from current levels this year a drop in dividend to a level that still yields 10%-11% is a good deal.


I expect GTB and Zenith in the worst case will hold dividend constant at 2018 levels. I strongly expect Access, UBA and STANBIC, FBN, FCMB to drop dividend while Fidelity may see marginal increase because of their shenanigans earlier in the year.

I agree with you to some extent that dividend might drop albeit marginal (abt 5 to 10% drop) but it wouldnt be as a result of market prices

Dividend payout by the banks are in most cases driven by internal policies (which in itself is guided by regulatory policies) and not market prices. you would see the tier one banks typically doing between 35 - 50% of EPS irrespective of what the market price is saying. so even if the reduction is going to happen it wld be towards the lower end of the band as per each banks internal policy hence my postulation of 5-10% drop from previous year payment.

All said though i think it wld be more of holding at the current payment (for the FUGAZ) instead of dropping it (particularly if there is no drop in EPS) because the amount to be saved from the dropping wont be worth the negative perception / consequence on the brand/market price if there was no drop on EPS. However if there was a drop in EPS then you would almost be certain that there would be a drop in payout using the drop in EPS as the excuse

eddy1234:
hi...I have 1500000 unit of UACN....with the current drop is it advisable I sell at 5.80?and how do I sell,how long will it take to be sold.thanks...to the gurus in the house plz.these 3 questions are begging for ans

based on last quarter result,uacn is gradually coming out from the woods!if you can wait for Q2 in the next 3weeks time,then party will follow.but if you can't, then sell between 6-6.05.

oyamhe:
First Registrars are always very efficient in processing dividend especially if you are using first bank account for the dividend payment.

Thanks for this clarification. This seems to be more like it.

eddy1234:
hi...I have 1500000 unit of UACN....with the current drop is it advisable I sell at 5.80?and how do I sell,how long will it take to be sold.thanks...to the gurus in the house plz.these 3 questions are begging for ans

Q1: It's not advisable to sell now.......but if you're in urgent need of cash, you can just sell some quantities to take care of the need. What's your average price anyway?

Q2: You can only sell if you're registered with a broker. If not, open account with one.....Morgan Capital recommneded.

Q3: Once you're registered, it doesnt take long in as much as bids are available on the floor for the stock.

Mcy56:

Thanks for this clarification. This seems to be more like it.

I believe key driver is that you had an existing mandate with them.

I did my 1st mandate with 1st Registrars in 2010 (thereabout), since then i have severally extended the mandate to new stock via email whilst making reference to the existing mandate.

DOLLARTEX:
based on last quarter result,uacn is gradually coming out from the woods!if you can wait for Q2 in the next 3weeks time,then party will follow.but if you can't, then sell between 6-6.05.

Oil dey Ur head .... If the 2nd quarter result turns out the way we are expecting it to be... Uacn would likely rally to at least 10.

Where is everyone?
Una go Customs Street?

Lafarge Africa now amongst coys in violation of the free float on the NSE. Delisting loading.

Payment of N2.5bn Judgment Debt Won't Affect Profitability—Stanbic IBTC
https://businesspost.ng/2019/07/12/payment-of-n2-5bn-judgment-debt-wont-affect-profitability-stanbic-ibtc/

NSE Three Musketeers Crash Index to 2-Month Low
https://businesspost.ng/2019/07/12/nse-three-musketeers-crash-index-to-2-month-low/

They are already in talks with NSE as we reported on Tuesday.

Free Float: Lafarge Africa, CCNN, 7 Others Hold Talks With NSE
https://businesspost.ng/2019/07/09/free-float-lafarge-africa-ccnn-7-others-hold-talks-with-nse/

rebekah2011:
Lafarge Africa now amongst coys in violation of the free float on the NSE. Delisting loading.

https://www.bloomberg.com/news/videos/2019-07-12/access-bank-ceo-sees-profit-boost-from-retail-business-video

Excerpts:- "We have a very very robust risk management culture... One of the facts we're happy about it that we're now seeing those loans turn around, we're beginning to get significant recoveries just because the market understands that we have a very robust risk management culture..."

UPDATE FOR CLOSE OF THE WEEK 12 JULY 2019

What a week!!! The market lost a huge 2.40% for the week and the loss for the year now 9.11%.

Reasonable investors definitely need a break. We should not allow our emotions to control us. Doubling down at this point will be loser’s game.

Again our emphasis at this point will be to hold on to our cash till market is back to the 29,000.

Caution: This is for information purpose only. Data used are assumed to be correct. However, you may want to verify the data from an appropriate source. Also, Institutions can afford to suffer big losses without going burst compared with an individual, you cannot follow them blindly (you need to at least have some knowledge/your own plan). This document remains the personal property of Target technical analysis https://twitter.com/AnalysisTarget

NSEMPA mode right now
All thanks to BUBU inaction.

PETERiCHY:
NSEMPA mode right now
All thanks to BUBU inaction.

Peter make u no begin shout BUBU for your dream o Lol

chillykelly86:
https://www.bloomberg.com/news/videos/2019-07-12/access-bank-ceo-sees-profit-boost-from-retail-business-video

Excerpts:- "We have a very very robust risk management culture... One of the facts we're happy about it that we're now seeing those loans turn around, we're beginning to get significant recoveries just because the market understands that we have a very robust risk management culture..."

Thanks for sharing sir
I think its one of the reasons why bear couldn't hit Access bank very well

EKUU weekend o

http://www.nse.com.ng/Financial_NewsDocs/26695_FLOUR_MILLS_NIG._PLC._FINANCIAL_STATEMENTS_JULY_2019.pdf

WEEKEND PIZZA FOR NSEMPA MEMBERS
Eating time.... Sorry... I meant, Reading time.. 4min

The goal of any smart investor should be to get the best possible deal when purchasing stock. The better the deal, the higher the potential for profit. In this regard, both a company's P/E ratio and stock price can offer great insight into whether the time is right to buy a given stock.

Stock price
Stock price is simply the amount of money it will cost to purchase a share of a company or fund. Stock prices can fluctuate based on a number of factors. If a company releases a glowing earnings report, then investors will likely feel more optimistic about its potential profitability. Demand for the stock will climb, and so will its price. On the other hand, if a company reports negative earnings or is the subject of bad press, its stock price can quickly fall.

P/E ratio
The P/E ratio measures the relationship between a company's stock price and its earnings per share of stock issued. The P/E ratio is calculated by dividing a company's current stock price by its earnings per share (EPS). If you don't know the EPS, you can calculate it by subtracting a company's preferred dividends paid from its net income, and then dividing the result by the number of shares outstanding.

Let's say a company has net income of $1 billion, it pays $200 million in preferred dividends, and it has 400 million shares outstanding. Here's how we'd calculate its EPS:

($1 billion - $200 million) / 400 million shares = $2 per share

Now that we know the EPS, we can figure out the P/E ratio. If the stock currently trades for $30 per share, then the P/E ratio would simply be $30 divided by $2, or 15.


Stock price and P/E ratio
While a company's stock price reflects the value that investors are currently placing on that investment, a stock's P/E ratio indicates how much investors are willing to pay for every dollar of earnings. The market price of a given stock is needed to calculate its P/E ratio, but in many ways, the P/E ratio offers better insight into the stock's growth potential.

Generally speaking, a high P/E ratio indicates that investors expect higher earnings. However, a stock with a high P/E ratio is not necessarily a better investment than one with a lower P/E ratio, as a high P/E ratio can indicate that the stock is being overvalued. If you invest in an overvalued stock, you run the risk of losing money if it doesn't meet investors' high earnings expectations.

On the flip side, when a company's stock has a low P/E ratio, it may indicate that the stock is undervalued. Investors can often buy undervalued stock at a discount and then profit when the price of that stock climbs. That said, sometimes a low P/E ratio reflects a genuine lack of growth potential.

You can compare a company's P/E ratio with that of similar companies in its industry to get a sense of whether the stock you're looking to purchase is overvalued or undervalued.

WEEKEND PIZZA FOR NSEMPA MEMBERS
Eating time.... Sorry... I meant, Reading time.. 4min
The goal of any smart investor should be to get the best possible deal when purchasing stock. The better the deal, the higher the potential for profit. In this regard, both a company's P/E ratio and stock price can offer great insight into whether the time is right to buy a given stock.

Stock price
Stock price is simply the amount of money it will cost to purchase a share of a company or fund. Stock prices can fluctuate based on a number of factors. If a company releases a glowing earnings report, then investors will likely feel more optimistic about its potential profitability. Demand for the stock will climb, and so will its price. On the other hand, if a company reports negative earnings or is the subject of bad press, its stock price can quickly fall.

P/E ratio
The P/E ratio measures the relationship between a company's stock price and its earnings per share of stock issued. The P/E ratio is calculated by dividing a company's current stock price by its earnings per share (EPS). If you don't know the EPS, you can calculate it by subtracting a company's preferred dividends paid from its net income, and then dividing the result by the number of shares outstanding.

Let's say a company has net income of N1 billion, it pays N200 million in preferred dividends, and it has 400 million shares outstanding. Here's how we'd calculate its EPS:

(N1 billion - N200 million) / 400 million shares = N2 per share

Now that we know the EPS, we can figure out the P/E ratio. If the stock currently trades for N30 per share, then the P/E ratio would simply be N30 divided by N2, or 15.


Stock price and P/E ratio
While a company's stock price reflects the value that investors are currently placing on that investment, a stock's P/E ratio indicates how much investors are willing to pay for every dollar of earnings. The market price of a given stock is needed to calculate its P/E ratio, but in many ways, the P/E ratio offers better insight into the stock's growth potential.

Generally speaking, a high P/E ratio indicates that investors expect higher earnings. However, a stock with a high P/E ratio is not necessarily a better investment than one with a lower P/E ratio, as a high P/E ratio can indicate that the stock is being overvalued. If you invest in an overvalued stock, you run the risk of losing money if it doesn't meet investors' high earnings expectations.

On the flip side, when a company's stock has a low P/E ratio, it may indicate that the stock is undervalued. Investors can often buy undervalued stock at a discount and then profit when the price of that stock climbs. That said, sometimes a low P/E ratio reflects a genuine lack of growth potential.

You can compare a company's P/E ratio with that of similar companies in its industry to get a sense of whether the stock you're looking to purchase is overvalued or undervalued.

Graphs.... The price chart can tell us how active or passive a company is doing on the floor.
Investors affinity for the stock with respect to loading and offloading... This is my preferred tool in appraising a company. It can be deceptive coz of the existence of insider trading in a company share. Very difficult to beat inside traders. The graph does not tell us who is buying or selling, in some countries, investors have knowledge of who is buying and selling large quantities of stock. It appears, it is forbidden in NSE


In Nigeria, our beloved country, it is getting difficult to calculate the true P/E ratio due to lack of sufficient datas, ranging from delay in publishing quarterly and annual results,
Cooked books,
Under declaration of assets and losses,
Fraudulent audit reports,
Corporate mis-governaces and CEO recklessness.
Poor oversight functions of regulatory bodies,
Miscarriage of justice I. e
Ecobank transnational incorporation vs. Nigerian investors scandal of 2008 public offer.. Is
Now a dead case.
I commend all NSEMPA members for being risk
Friendly investors.
Keep it up. The reward is knocking.
Enjoy your weekend.

currentprice:
http://www.nse.com.ng/Financial_NewsDocs/26695_FLOUR_MILLS_NIG._PLC._FINANCIAL_STATEMENTS_JULY_2019.pdf

Dividends of 1.20 Naira per share is good.
http://www.nse.com.ng/Financial_NewsDocs/26696_FLOUR_MILLS_NIG._PLC._CORPORATE_ACTIONS_JULY_2019.pdf

Jejebabaa:


Owo wogbo ooo
No dividend was paid to shareholders with non controlling interest during the year.

Lol
Aje a di

Godlylifeoneart:


Lol
Aje a di

Lol.....

http://www.nse.com.ng/Financial_NewsDocs/26696_FLOUR_MILLS_NIG._PLC._CORPORATE_ACTIONS_JULY_2019.pdf

propose dividend N1.20

currentprice:


Lol.....

http://www.nse.com.ng/Financial_NewsDocs/26696_FLOUR_MILLS_NIG._PLC._CORPORATE_ACTIONS_JULY_2019.pdf

dividend N1.20

Thanks boss. I found it.

Jejebabaa:


Thanks boss. I found it.

To me the company is reducing debts

The group debt to equity ratio is now 77%
Compared with> 84% in the preceeding year.
Kudos to FMN
Not the best nor the worst result so far
I wish investors could reject the proposed dividend in favor of debt settlement, and this can translate to a healthier FMN

Godlylifeoneart:


To me the company is reducing debts

The group debt to equity ratio is now 77%
Compared with> 84% in the preceeding year.
Kudos to FMN
Not the best nor the worst result so far
I wish investors could reject the proposed dividend in favor of debt settlement, and this can translate to a healthier FMN

The debt is still very high, 126.6 billion is on the high side. Imagine a PAT of 4billion and 23 billion was used to service debt, the company is working for the lenders (banks). Why should they pay dividend above what they actually make as profit? The company focus should not be dividend but on how to reduce the debt.

Flour Mills Raises Dividend by 20% Despite Poor FY Results
https://businesspost.ng/2019/07/13/flour-mills-raises-dividend-by-20-despite-poor-fy-results/

Another Firm on LSE Plans Listing on Nigerian Stock Exchange
https://businesspost.ng/2019/07/13/another-firm-on-lse-plans-listing-on-nigerian-stock-exchange/

longlife20:

The debt is still very high, 126.6 billion is on the high side. Imagine a PAT of 4billion and 23 billion was used to service debt, the company is working for the lenders (banks). Why should they pay dividend above what they actually make as profit? The company focus should not be dividend but on how to reduce the debt.

I agreed with you.
Investors cannot be laboring for banks.
FMN should do something about the group rising debts.
If an action is not taken in time, I forsee the company unbundling the group or list some of the group members as a separate entity on NSE.
The NSE and SEC should stop companies with high debt to equity ratio from paying dividends.
It appears as if they are borrowing money to pay us unsustainable dividends.
Clear debt, grow asset and increase capital flow with profit, then pay bumper dividends. Dz will give a lasting smile at investors

Knowing the history of FMN will help people understand where they are coming from.

They are doing their best in terms of debt reduction.

The areas they operate in Nigeria and the long term investments on ground is not easy and will not manifest instantly.

Payment of dividend is allowed as long as companies have accumulated retained earnings even if they have 0 naira as PAT for the year.

Doing business in Nigeria is not easy, even getting finance at good rate for expansion is crazy. As long as management is not engaged in reckless spending and looting of company earnings on top executives, they are doing their best in terms of good corporate governance.