Rem22:
Please,how can i claim my fathers unclaimed dividend with veritas . I search for his name in non-mandate sec form and discovered he has unclaimed shares. How do i go about this?

Get a letter of Administration from the nearest court if your father did not write a will or did not include the shares as part of his Investments.

A good lawyer or Stockbroker will assist you with this

Or get in touch with Meristem Registrars and Probate services, they will assist you and their charges are affordable.

emmanuelewumi:


Get a letter of Administration from the nearest court if your father did not write a will or did not include the shares as part of his Investments.

A good lawyer or Stockbroker will assist you with this

Or get in touch with Meristem Registrars and Probate services, they will assist you and their charges are affordable.

ok.thanks

MishdaFish:

Good day, to your first question,
Are you the next of kin of the deceased? If you are, then you need lawyer to do a transmission of shares through a probate registry( this happens when the shares of a deceased shareholder are inherited or bequeathed to an heir or personal representative of the deceased shareholder. It takes place in case of death or insanity) I don't know the charges but claiming a deceased share is not so easy.
For your second question, you liase with your broker since the Certificate was not dematerialized( conversion from paper to electronic balance). Just provide your broker with the share holder's account details he would process all these for a fee.

ok. Thanks

OBAGADAFFI:


Oga if your father is late, you will need a Letter of Administration to get his shares and dividends.

ok. Thank you

OBAGADAFFI:


Oga if your father is late, you will need a Letter of Administration to get his shares and dividends.

Except if his late father, had a will

emmanuelewumi:


Except if his late father, had a will

Yes

emmanuelewumi:



ARE YOU SURE YOU ARE NOT TRAPPED IN THIS STOCK?

Jegede should buy out shareholders, delist the company or he should sell the remaining assets of the companies and share the proceeds with the shareholders.

If the company is liquidated shareholders should be able to get 50k per share. Which will cost the current about N3 billion

Oga boss, he is not trapped. And he made it known from the beginning that it purely based on speculation. BUT IS IT NOT DEROGATORY(jocular) TO USE THE EPITHET trapped FOR 1,000,000 UNITS OF JP AT .27KOBO WHICH IS #270K
Or is that amount about 70 or 80% of his capital? His money is in UACN, THEN FIDELITY THEN GUINNESS etc so if at all JP goes wrong, it is Alms.

emmanuelewumi:


Get a letter of Administration from the nearest court if your father did not write a will or did not include the shares as part of his Investments.

A good lawyer or Stockbroker will assist you with this

Or get in touch with Meristem Registrars and Probate services, they will assist you and their charges are affordable.

And you pay the government 10percent of the value of what you want to claim up front.Then after all the up and down the government will publish the notice in daily newspaper for a month for any interest party or contention.And if none then you become the administrator to only the assets listed in the form be it shares, houses,cash in bank,cars etc.It will take not less than six months.Note is only applicable if thr was no will

Anyway nothing is impossible

[quote author=1kinggy post=90892347][/quote]

Anyway there is no money to declare from time.
It is just paper profit

klas:


I said it in my analysis here
https://www.nairaland.com/1131485/nigerian-stock-exchange-market-pick/5768#90457484

That Japaul won't be able to declare even 1k dividend despite the audio N40b profit.

Biafran4life:
And you pay the government 10percent of the value of what you want to claim up front.Then after all the up and down the government will publish the notice in daily newspaper for a month for any interest party or contention.And if none then you become the administrator to only the assets listed in the form be it shares, houses,cash in bank,cars etc.It will take not less than six months.Note is only applicable if thr was no will

You can avoid the 10% tax by writing a will, transfer the assets to your children before transition or transfer the assets to a Family Trust Account.

Very difficult to under declare the value of the stocks, but the value of real estate are usually under declared.

My cousins inherited 4 properties worth a minimum of N160 million, but the lawyer who helped them with the letter of administration declared N50 million as the value of the properties. They quickly used N5 million rental income from the property to pay government.

Omoluabi Mortgage Bank Awaits CBN Approval of Adekunle as MD
https://businesspost.ng/jobs/omoluabi-mortgage-bank-awaits-cbn-approval-of-adekunle-as-md/

Local Savings Can Help Reflate Economy—Finance Minister
https://businesspost.ng/economy/local-savings-can-help-reflate-economy-finance-minister/

How Nigerian Capital Market Can Combat COVID-19
https://businesspost.ng/featureoped/how-nigerian-capital-market-can-combat-covid-19/

rebekah2011:
FUGAZ is an acronym for First Bank, UBA,
Gtbank, Access and Zenith Bank

Thank you for the response. Noted.

RabbiDoracle:
Just got released after a ban for explaining the meaning of a banking acronym (fugaz). I think the owners of this site needs to overhaul their system. Many members were banned for trying to explain something.

OGG was even banned yesterday for replying to Fxuser post.

Sorry that my quest caused you a ban, boss, I was the one that asked.

CashDiMkpa:


Here we go...

http://www.nse.com.ng/Financial_NewsDocs/30631_CHAMS_PLC_CORPORATE_ACTIONS_JUNE_2020.pdf

Will price go north or south? Should I buy more or WAIT?

Biafran4life:
And you pay the government 10percent of the value of what you want to claim up front.Then after all the up and down the government will publish the notice in daily newspaper for a month for any interest party or contention.And if none then you become the administrator to only the assets listed in the form be it shares, houses,cash in bank,cars etc.It will take not less than six months.Note is only applicable if thr was no will

10% is only charged on real assets and bank balance. A minimal fixed amount is charged per stock not units in view of the volatile/unstable nature of stock prices.

[quote author=emmanuelewumi post=90916800]


You can avoid the 10% tax by writing a will, transfer the assets to your children before transition or transfer the assets to a Family Trust Account.

Very difficult to under declare the value of the stocks, but the value of real estate are usually under declared.

My cousins inherited 4 properties worth a minimum of N160 million, but the lawyer who helped them with the letter of administration declared N50 million as the value of the properties. They quickly used N5 million rental income from the property to pay government.[/quote


It is no longer possible to undervalue property in lagos state right from the tenure of Jagaban. In fact, at a point during his administration, he appointed independent estate valuers to do the valuations on behalf of the state.
And the trend has continued with the subsequent Govs, though they now have regularly reviewed rates for different locations, that reflect true value.

[quote author=sophy17 post=90921639][/quote]


You still can't compare to stock. Check the valuation from LASG for land use charge, you will see a valuation of N20 million for a property that should be about N40 million in the market

machine606:
plz will having more than two brokers hurt me anytime.
Also is it possible to tick companies you don't have their shares yet when filling for e-dividend forms?.

Don't know if you got answer already.

Q1: Having more than one broker doesn't hurt.....just be sure to do things right when opening additional account to forestall any issue that may come up in future.

Q2: Its possible to tick coys you don't have their shares yet when submitting e-dividend forms.
However, it's always advisable to buy even if it's 10 units of such stocks to avoid stories that touch when you eventually get them. Some of our registrars are still trying to upgrade.

emmanuelewumi:



You still can't compare to stock. Check the valuation from LASG for land use charge, you will see a valuation of N20 million for a property that should be about N40 million in the market

Yes, because you can still pay 10% for that same property to process LA notwithstanding you already paid or have been paying LUC

Comparison of cement companies q1 2020 results...

sophy17:


Yes, because you can still pay 10% for that same property to process LA notwithstanding you already paid or have been paying LUC

In addition my points are:
1. You don't pay 10% on stocks to process LA.
2. From the time of Jagaban, you cannot undervalue a property in lagos to the extent of 160m to 40m.

Yes, it was the norm before, but no longer feasible.

The ban is becoming too much, once one quoted a post to explain something, the spam folder will hand him a ban. Just released from ban.

Is like no dividend from Cham pls for 2019 final year.

Why is the operational cost of Wapco so high?

DrAwo:
Comparison of cement companies q1 2020 results...

megawealth01:
Any news about CHAMS? Will it do neimeth? Have they won the case? Did they declare dividend? Many questions begging for answers... Please bosses in the house help ooooo

** No news yet.......to the best of my knowledge.
** Dividend not declared.
** AGM coming up with agenda to raise additional capital thru right issue or public offer or private placement or securities.

ojesymsym:
Why is the operational cost of Wapco so high?

The notes to the results show that they spent significantly higher year-on-year on fuel/ power and distribution...

Their cost of sales is the highest of the 3 companies...

Nice report you got here. Did you generate it yourself?
Wapco has a higher revenue than Bus yet their cost of sales is almost two times that of Bua. But the others also spend on power I believe.

DrAwo:


The notes to the results show that they spent significantly higher year-on-year on fuel/ power and distribution...

Their cost of sales is the highest of the 3 companies...

emmanuelewumi:


Get a letter of Administration from the nearest court if your father did not write a will or did not include the shares as part of his Investments.

A good lawyer or Stockbroker will assist you with this

Or get in touch with Meristem Registrars and Probate services, they will assist you and their charges are affordable.

Not all courts can give that letter.

IYGEAL:


Not all courts can give that letter.

State high court not Federal High Court

ojesymsym:
Nice report you got here. Did you generate it yourself?
Wapco has a higher revenue than Bus yet their cost of sales is almost two times that of Bua. But the others also spend on power I believe.

Thanks. Yes I did generate it myself...
I believe cost is going to increase across board in the industry as competition heats up for market share... Q2 results will tell us more...

Hope Cham plc will not be another one chance like Japaul in raising additional share through right offer and reconstruction?