UBA Slashes Dividend by 56% Amid Rise in FY2020 Revenue, Profit
https://businesspost.ng/economy/uba-slashes-dividend-by-56-amid-rise-in-fy2020-revenue-profit/

Rewane Explains Implications of CBN Naira 4 Dollar Scheme
https://businesspost.ng/economy/rewane-explains-implications-of-cbn-naira-4-dollar-scheme/

Offshore Investors Still Free to Buy OMO Bills—CBN
https://businesspost.ng/economy/offshore-investors-still-free-to-buy-omo-bills-cbn/

Naira Drops to N411.88/$1 at I&E, N482/$1 at Black Market
https://businesspost.ng/economy/naira-drops-to-n411-88-1-at-ie-n482-1-at-black-market/

OML 110: BUA Group to Sue Kainos Exploration MD
https://businesspost.ng/general/oml-110-bua-group-to-sue-kainos-exploration-md/

MTN Selects Chika Ekeji to Accelerate Strategic Growth
https://businesspost.ng/jobs/mtn-selects-chika-ekeji-to-accelerate-strategic-growth/

Friesland Opens Week Bullish on NASD Exchange
https://businesspost.ng/economy/friesland-opens-week-bullish-on-nasd-exchange/

Oil Suffers Significant Fall Amid Attack on Saudi Facilities
https://businesspost.ng/economy/oil-suffers-significant-fall-amid-attack-on-saudi-facilities/

emmanuelewumi:



At N6.50k

After which it wld fight its way back to N7+ again WHEN/IF the reason behind the drastic cut is OK with the institutional investing public, failure which you can expect further deterioration / cut

Valueinvestor:
Yet to receive vitafoam dividends,please is anyone experiencing the same

If you bought vitafoam shares for the first time although you already have mandated before, you will need to go to their office to extend your mandate to vitafoam and it will take 5 to 10 working days before you receive it. I went to their office last week. They have backlog of emails that's why they're not responding to mails

Different registrar's, different mode of operation. I hope this helps

needful:
Pls is it advisable to buy zenith now or wait.
Thanks house

Relax

N18 may come soon

nna777:


If you bought vitafoam shares for the first time although you already have mandated before, you will need to go to their office to extend your mandate to vitafoam and it will take 5 to 10 working days before you receive it. I went to their office last week. They have backlog of emails that's why they're not responding to mails

Different registrar's, different mode of operation. I hope this helps

I did mine via email 3months ago

ukay2:


Relax

N18 may come soon

Thanks Doc. Will relax

Hello guys! Red red red! Today ohh
I see 50m crossed in MBENEFIT today. It’s even on full bid. Any news?

Are the people mopping UBA at N7.20 tired?

PharmAlfred:
Are the people mopping UBA at N7.20 tired?

lollllllllllll

There is a need to test the resilience and depth of the sellers also, so the test point has been moved to maximum loss of 2moro (6.50).

nna777:


If you bought vitafoam shares for the first time although you already have mandated before, you will need to go to their office to extend your mandate to vitafoam and it will take 5 to 10 working days before you receive it. I went to their office last week. They have backlog of emails that's why they're not responding to mails

Different registrar's, different mode of operation. I hope this helps

Gracias

ukay2:


I did mine via email 3months ago

I haven't had any issue like this before with other registrars. Whether you buy a new share or not, your initial mandate will cover for new shares.

It's all good. To be on the safe side, I will be sending mails now immediately I buy new shares

nna777:


I haven't had any issue like this before with other registrars. Whether you buy a new share or not, your initial mandate will cover for new shares.

It's all good. To be on the safe side, I will be sending mails now immediately I buy new shares

That is what I did...my edividend mandate was extended to vitafoam

Gentlemen, no one can claim full knowledge of the stock market. Right now, stocks are yet to get to support levels. Any investment made right now is most likely going to make losses. Wait until first quarter results are released. That will give you insight into the direction each quoted company, the NSE and the economy is headed.

I sold off my entire portfolio early January. I'm waiting until stocks get to support levels again. Be smart to know this period and enter.

Tony Elumelu to Earn N1.238 Billion From Dividends in 2020 Financial Year Despite COVID-19

https://investorsking.com/2021/03/09/tony-elumelu-to-earn-n1-238-billion-from-dividends-in-2020-financial-year-despite-covid-19/

United Kingdom Set to Return £4.2 Million Looted by James Ibori to Nigeria

https://investorsking.com/2021/03/09/united-kingdom-set-to-return-4-2-million-looted-by-james-ibori-to-nigeria/

Naira Exchange Rates; Tuesday, March 9, 2021

https://investorsking.com/2021/03/09/naira-exchange-rates-tuesday-march-9-2021/

UBA Proposes N0.35 Final Dividend for Every Ordinary Share of 50 Kobo Each

https://investorsking.com/2021/03/09/uba-proposes-n0-35-final-dividend-for-every-ordinary-share-of-50-kobo-each/

UBA Reports N157 Billion Profit for 2020

https://investorsking.com/2021/03/09/uba-reports-n157-billion-profit-for-2020/

Is Bitcoin Set to Hit an All-time High of $60,000 This Week?

https://investorsking.com/2021/03/09/is-bitcoin-set-to-hit-an-all-time-high-of-60000-this-week/

Sterling Bank Appoints Mr. Ankala Syam Prasad and Mr. Paritosh Tripathi as Non-Executive Directors

https://investorsking.com/2021/03/09/sterling-bank-appoints-mr-ankala-syam-prasad-and-mr-paritosh-tripathi-as-non-executive-directors/

Ogun Becomes First State to Receive COVID-19 Vaccine

https://investorsking.com/2021/03/09/ogun-becomes-first-state-to-receive-covid-19-vaccine/

Dividends Declared for 2020 Financial Year Last Week

https://investorsking.com/2021/03/08/dividends-declared-for-2020-financial-year-last-week/

wisdom2345:
Hello guys! Red red red! Today ohh
I see 50m crossed in MBENEFIT today. It’s even on full bid. Any news?

I just took a look at their unaudited Q4 2020 FYE report, it is really pretty impressive, I think the price should be in the same region as Linkage Assurance if not more (my opinion though). And I remember one of the Ogas here spoke highly of it not long ago.

https://www.proshareng.com/news/Corporate%20Results/MBENEFIT-Declares-N4.5bn-PAT-in-Q4-2020-Results---SP-N0.43k-/55833

Linkage Assurance:
https://www.proshareng.com/news/Corporate%20Results/LINKASSURE-Declares-N1.9bn-PAT-in-Q4-2020-Result---SP-N0.81k-/55568

Which other Insurance shares was also a recommendation as earlier talked about? @mcy please help out.
Am feeling Insurance Sector maybe where one should look at now that Banking is getting great heat with all the Reds even with good financial report.

Your thoughts?

Mcy56:

Happy New Year Sir.....
Nice to see you back on the thread.......hope you're not just passing by this time around.

same here
will try pop back in at weekends

UBA:
Day's low for today will be 6.50........much dumping is not expected at this junction compared to yesterday........I may be wrong though.
Can remember how some hefty guys were dumping this stock @6 to 6.10 sometimes in Sept last year..
Can also remember how some investors queued tirelessly at 6.50 junction after the dumping and, before the rally..........
This market eehhnnn.......
Maybe it's getting to long termers time again.......who knows......lol.

needful:
Pls is it advisable to buy zenith now or wait.
Thanks house

Depends on your investment goal and objective.
If you're for long term, I think Zee @20/21 is not a bad junction to start getting in........in tranches........if it goes down below 20, you buy more......
Pls note the word "long term" there .......make somebody no come blame me.....
Also note that unforeseen circumstance(s) is/are not factored in.

UBA:
OK! Bids far outweigh offers as at now......
59M bids Vs 21M offers........alright!
We are observing........

67M+ bids Vs 23M+ offers..........wahala for panic sellers..........who no like better offer.....

119mba:
Which other Insurance shares was also a recommendation as earlier talked about? @mcy please help out.....

I'm watching Mansard, in case it will visit 75-80kobo.
Mansard is proposing dividend payment for 2020 FYE. The only issue is with the reconstruction still in the pipeline......BUT if someone can get it cheaper around the 70-80kobo (if at all it gets there), then I think it's a safer junction.

NEM is also another good one.......if gotten @ good bargain junction.....

CUSTODIAN: The leader of the Sector, good for long termers especially.......

AIICO sold btw range 1.01-1.05 not long ago, I think it's also okay..........AIICO is proposing another bonus issue again.......the only concern is that, with all these bonuses here and there, I hope they won't come up with reconstruction plan cos the cushions are already been put in place. Sharp ones won't wait for it anyway.

LASACO did reconstruction, we are awaiting the Dividend or cushion to compensate investors on it........

For others, I think we need to first know what they're coming up with, if it pays or not........

**This is purely my opinion**

plot697:
Gentlemen, no one can claim full knowledge of the stock market. Right now, stocks are yet to get to support levels. Any investment made right now is most likely going to make losses. Wait until first quarter results are released. That will give you insight into the direction each quoted company, the NSE and the economy is headed.

I sold off my entire portfolio early January. I'm waiting until stocks get to support levels again. Be smart to know this period and enter.

That is smartness . I hope all our short-term investors on this platform exited as earlier as possible as I can still remember that warning messages came here up till early February. The reality is that the fixed income market which drove a lot of institutional investors to the equity market is becoming more and more attractive, which is a major reason for the current bearish trend. This is likely to continue until the second quarter unless we are going to have some positive news which will bring back those institutional investors or foreign investors. For now investors should expect more of the free-fall, while bargain hunters watch and take position.

Mcy56:

Depends on your investment goal and objective.
If you're for long term, I think Zee @20/21 is not a bad junction to start getting in........in tranches........if it goes down below 20, you buy more......
Pls note the word "long term" there .......make somebody no come blame me.....
Also note that unforeseen circumstance(s) is/are not factored in.

Thank you ma

Na Wa o

Nothing supports the bear we are experiencing in the market. I know the market can be irrational.

1.On paper, we just got out of recession
2.Covid is coming under more control
3.Oil price is up
4.Companies are churning out decent profit and declaring reasonable dividend despite the challenges of 2020. One would think a bullish run should reward our companies for being resilient despite very obvious challenges of the past year.
5. The economic outlook for 2021 is even better.

What else am I missing? You can add your point.

Most likely money is leaving NSE for the crypto space. It obviously lack depth. Foreign investors apathy is also not helping matters.

PharmAlfred:
Most likely money is leaving NSE for the crypto space. It obviously lack depth. Foreign investors apathy is also not helping matters.

Also consider the volumes of domestic investors that switched their focus for gains on the DOW and NASDAQ, S&P 500, 2020 was really a win for them in capturing the attention of most millenials









7

[....
**This is purely my opinion**
[/quote]

@Mcy

Gracias. I appreciate u!
I will wait out Mansard to get to that range.

Has options trading started on the NSE?

Hope I'm in the right thread....
Na wa o.
E Ku Market o.