Pifebhor:
Good morning,

Please how did you mandate this transpower stock for Dividend.

I wanted to fill the e-mandate form through the NIBSS portal but TRANSPOWER stock name was not there .

Meristem broker said Transpower name has not been updated yet because they just listed on the stock market.

Now that they have paid Dividend what do I do to get mine?

You need to contact Africa Prudential Registrars

Transcorp Power dividend just landed

BuchyD:
Huge dividends Don block people throat...see as everywhere quiet

It's the bears oooo.

Camoready:
What is really delaying FBNH?

Most likely their boardroom squabbles. They can't even hold an AGM without someone going to court to stop it.

delvzy:
With the series of events happening to OKOMU, won't it be wise to DIVERSIFY to other regions that are relatively safe?
It doesn't have to be sudden but it could be gradual. You don't want a situation where the whole business operation is put on hold when something like this happens again.

And we blame the International Oil Companies for pulling out of that region.

ositadima1:


All these no mean jare, howmuch u made is the koko, are you making money?

I do make money now and then using a trading plan and strategy that is often not recommended by most traders, but which works for me. I use a strategy which is close to what is technically called scalping. I trade on only highly liquid stocks using large position size, sometimes all my money in one trade. I trade stocks that I know I can buy or sell all my holding in a day. This limits me to only about 6 to 10 stocks on the NGX. I hold only 1 or 2 stocks at a time. I trade just about 3 to 5 times a year. But due to the position size I use these trades give me enough income for the year. I use TA and momentum to determine my entry and exit points, and strictly apply stop loss.

As I said most people don't recommend this strategy due to it's high risk, and I don't recommend it either. I don't claim to be perfect either as no body is beyond succumbing to emotions.

ositadima1:


That is actually incorrect. There are times when stocks don't appreciate, and yet they are marked down. It is even possible for a stock to have been falling, and yet it is marked down. I have explained why before.

Not by force to take my word for it o.

Here is a copy from another source:

Stocks typically mark down because the dividend payment is a reduction in the company's assets, which in turn reduces the value of the shares. Here are some key points to consider:

1. *Dividend payment*: On the dividend pay date, the company distributes a portion of its earnings to shareholders, which reduces its cash reserves and total assets.
2. *Reduced assets*: As a result, the company's asset base is reduced, which in turn reduces the value of the shares.
3. *Share price adjustment*: To reflect this reduction in assets, the stock price is adjusted downward by the amount of the dividend paid per share.
4. *Ex-dividend date*: This adjustment typically occurs on the ex-dividend date, which is the first trading day after the record date (the date by which shareholders must own the stock to receive the dividend).
5. *Price drop*: As a result, the stock price typically drops by the amount of the dividend paid per share on the ex-dividend date.

This markdown is a normal part of the dividend payment process and reflects the reduction in the company's assets and the distribution of value to shareholders.

Thanks a lot. This kind of factual response is useful.

Can someone please explain the justification for the markdown of stock prices following dividend payment. It doesn't make sense to me. The dividend paid to shareholders is their share of the profit made over a previous period. It should have nothing to do with the market price of the stock. By marking down the stock price you are taking away the profit earned from the capital gain making the shareholder to gain nothing. Am I missing something somewhere?

Picky1:


May be sell in May and go away will catch up with some stocks....what do you think?

It's possible. But even now there are about 5m to 6m offers everyday with no buyers. I suspect those might be the ones that sell in May caught, and they are definitely not the major money people that can move the price. The high volume transactions are off-floor crosses, and they make sure they don't do 100,000 unit single deals.

dapix:
The way, they are pushing UBA share price, no be from here o. see mopping.

I don't think so. If you look at the trading pattern some people are making sure the price of Transcorp Power doesn't fall. They are not likely to change after the dividend was paid.

SonofElElyonRet:


22nd May

Really? Thought I saw 7th somewhere.

ProphetUtuocha:
Alert: For those who are hooked on Transcorp, please go and study the history of what happened to companiesone or td listed on NSE that embarked on similar reconstruction journey. Transcorp will not be an exception!

Yes. I remember Unity Bank clearly. But it is not only on the NGX. Someone just last week asked on Reddit for examples of companies that did well after reverse splits and only 1 or 2 we're mentioned.

Please has anyone received TRANSCORP POWER dividend? Payment date supposed to be today 7th.

Bizibi:
I believe that bank will be among the top tier banks in Nigeria,

I remember all the noise made before Jaiz got license.

SonofElElyonRet:


Raider wants to raid and go... jijo won't work for Transpower... na mid to long term

Willie2015:


Na so I log out too
Sharp...Sharp...

Me na Transcorp Power I wan log out. E no gree.

mikeapollo:


Oando is believed to be hiding behind the proponents and pretending as if the proposal to delist did not emanate from them, but from the 14 minority shareholders who are the main proponents.
So in law, Oando would be required to respond and indicate if they are willing to accept the request of the proponents or not. Oando responded and expressed their willingness to grant the wish of the 14 minority shareholders.
But most people suspect that the 14 minority shareholders are a disguise and actually doing the bidding of Oando management. Hence some other minority shareholders decided to join in the suit to oppose the 14 minority shareholders and told the court that the proponents were never mandated by all shareholders to ask for the delisting and do they do not have any written resolution of the shareholders to delist the shares.

Any way the case goes, Oando management can always pretend and say that they are not the ones that took the case to court, but only had to respond to the proposal as requested by the court.

I see. Typical Oando abrakadabra. Thanks for the explanations.

mikeapollo:


The judge had already accepted the application to join in the suit on Oando's proposed delisting; that is why the other party was allowed to file their case and also made presentation in court as part of the proceedings in the case!
What will be delivered on June 24 is the court ruling, which will take into consideration the presentations and arguments of both the proponents and opponents of the proposed delisting!

What actually is the expressed position of Oando as a company in the case? Are they opponents or proponents of delisting?

Princkez:
TRANSCORP will trade above #70 + after reconstruction ....remember os will be 10b

I think it will depend on weather earnings and dividend post reconstruction can support N50 to N70 SP. Reconstruction doesn't necessarily change earnings. So assuming current earnings and dividend policy we will expect a dividend of 40 kobo. Let's say at most N1.0 per share. That is 1.4% dividend return at N70 SP, and 2% at N50 SP. Will the market accept that, or will SP have to fall post reconstruction?

OANDO turning around. Now more bids than offers!

KarlTom:
The battle for the soul of First Bank continues.
Otudeko and Awosika caucus seems to have gained more ground with the 'removal' of Dr. Adeduntan.
I think Mr Alebiosu will join the Ote caucus esle it'll be very interesting to see what plays out in the coming days with the April 30 deadline by CBN fast approaching.

I thought these people were successful settled with Ote$ as chair of the group, the Odukale caucus to chair the bank and the Otudeko group recognized as largest shareholders. I thought this would have been a win- win situation for all. But apparently not.

megawealth01:


Time will tell until then... OANDO is a heavy gamble

As they say ... "Nothing risked nothing gained"

Princkez:
here is the reason

This is ridiculous. How long will this go on? So a major bank like FBNH cannot now proceed with a CBN directed recapitulation process because some individuals were not properly invited to an AGM several years ago?

FBNH very close to full offer. What's going on? Are their results out?

Streetinvestor2:
Madam dangota products cannot be in existence and we don't see it on the street. HE has good logistics for his businesses Your first link was 2018 and anything can happen to business within then to now.You remember dangota flour was dead and sold off too.
The second link did not say dangota produced the rice that was distributed as charity. He could repackag the rice in his name.it is a normal thing.
I don't see sugar going below #30 .It was simply,alhaji wanted to use rice to accumulate sugar to himself which I had started in the past.

The big lesson, it looks sec is beginning to wake up to its responsibility.Onado delisting will not scale through sec at ridiculous price. There is hope now for oando shareholders

You are right that SEC is rediscovering its teeth. This increases the possibility that we may wake up one day and hear that Oando's trading is suspended just like the JSE did. That will throw lots of people into despair.

BabsO2:


Where did you get him saying he insists on delisting. He never said such at the last AGM in Nov 2022. Rather he bragged of how he has turned the company around for shareholders. And how things are poised for good.

Body language. Read all their company announcements on the court case. They always refer to their "Scheme of Arrangement.." what does that say?

mikeapollo:


The shareholders that applied to be joined in the suit are minority shareholders that are opposed to the delisting. Their action should serve as evidence to the court that those who were seeking for delisting of Oando do not have the mandate of all minority shareholders, and do not represent the interests of all the minority shareholders.

The loopholes/hurdles in the bid to delist Oando shares are quite obvious.
1. There are no records of any mandate by minority shareholders or minutes at AGM authorizing the delisting
2. You cannot ask for a delisting price of N7.07 when the shares are already selling at N10-N12 in the market
3. The SEC just recently rejected a similar move by another company (cannot recollect the name now), thereby paving the way as precedent to reject Oando as well.

Can't understand why WT still insists on delisting OANDO. After all the recent demonstration of opportunities for wealth growth offered by the market to individual billionaires. One would also think that he will want to help his uncle who is struggling to rebuild the economy by attracting investment anyway he can; even going out to ring the closing bell at the NYSE. WY definitely cannot help by delisting one of the largest indigenous oil companies in Nigeria at this time.

All he has to do is to play by the rules just like Dangote, Tony, Rabiu and others are doing. Dangote is now probably the one person that can single handedly determine the direction of the Nigerian economy. He got here through the stock market and demonstrating ability to run honest businesses. Through this he is able to raise $20b and build one of the largest oil refineries in the world. Today if he is to start another project worth $50b he will be able to raise the money. Imagine where Oando will be today it was run like the Dangote group.

Mpeace:
Lol, you and this your transcorp. I know how much I have made from vitafoam(price appreciation) and wapco(dividend and price appreciation) since you started calling transcorp. Hope you are really making money from this NSE or is just averaging down and down

Me I try to stick to certain sectors/stocks and master them. I try to avoid bothering about gains in other sectors/stocks. I look at the market like the local town market. The one selling provisions doesn't care what the one selling grains is doing. I hope this will work out for me in the long run.

ojeysky:


It closed on full bid today, funny market

Too many gamblers around...

emmanuelewumi:



Investment One have similar through their finance house, that is Orange One Finance.

Interest rate is 24%, processing and management fees is 2%.

So FSDH at a total of 22% is better, the rates can be negotiated based on the size of your loan.

United Capital is about 16%, but they only accept their Fixed income Fund, Eurobond Fund and Money Market Funds as collateral, shares are not acceptable

Thanks for this additional info. It really takes money to make money.

yMcy56:
https://doclib.ngxgroup.com/Financial_NewsDocs/34618_HONEYWELL_FLOUR_MILL_PLC%20HONEYWELL_FLOUR_MILLS_PLC_ASS.pdf

https://doclib.ngxgroup.com/Financial_NewsDocs/34617_FLOUR_MILLS_OF_NIGERIA_PLC%20FLOUR_MILLS_OF_NIGERIA_PLC_.pdf

What we really need is for Flourmills to say exactly how much they are planning to pay per share of Honeywell after considering all factors including Honeywell debt. I don't know why that kind of transparency is so difficult to get at the NGX. Of course they can't come out and say "Oh. We have been stupid. We forgot that there are legal issues here".