Pleasing shareholders with dividend when the company is not doing well is a minus for any Board. But it is always a moral burden for the management who has earned nice salaries and allowances and yet refuses to reward their shareholders. So they are always compelled to pay dividend even if they have to borrow.

Mcy56:

What about UACN that still paid dividend despite their debts?
I will see what is pursuing me before I flee in this one, I've kept it for longer than I used to do.

when you look at your finance cost to your earnings. You have to know what to do. Borrowing to pay dividend is just not a sensible thing to do. If you want to raise capital, paying dividend is also not the way to go. So my advice to Wapco really will be pay down on your debts and improve your liquidity ratio and make the company more profitable. Shareholders will enjoy in the long run

sellydion:
@rebekah, you always mention debts, which company does not have? Moreso how much at the end of q3 2019. tell sir

See reduction in OPEX. I am even expecting a buy back from WAPCO

Madam, with what is going on in the economy would not it be better if you align yourself with Tier 1 banks that their heads are correct. Not many will be able to withstand the shock of oil price and economy lull for the rest of the year. We may just see Fidelity, FCMB, Sterling go below N1 in 2020.

Mcy56:
FCMB still looks cheap to me at 1.50.
If the result is good like that of fidelity, it will close the gap btw them. I got small units at 1.43 during the panic.
About to go below 1.50 again, wouldn't be bad to pick some units below 1.50 for those interested..... that's if it goes below.

NB: Just my opinion and observation.

Special dividend would have been possible if the company is liquid in cash. The company still has debts and it will not be wise to go borrowing to pay dividend.

Mcy56:

Greetings BorSitL,
Thanks for this comment, the special dividend will be very good and highly welcome.

No AGM, No dividend.

Mcy56:

.....and today 26th should be payment date for Ucap but we never see anything oo.

No AGM, No dividend.

gold360:
Pls has anyone received uba dividend today?

http://www.nse.com.ng/Financial_NewsDocs/29501_STERLING_BANK_PLC._CORPORATE_ACTIONS_MARCH_2020.pdf
http://www.nse.com.ng/Financial_NewsDocs/29500_STERLING_BANK_PLC._FINANCIAL_STATEMENTS_MARCH_2020.pdf

If you are in this Bus, I do not know what I should say to you. Please take heart it will soon be alright

If you buy at today's price, the downside may not be that much. It will still rally after the release of the full-year I believe

leo1234:


So I don enter one chance.

I believe that Dangote's focus now is really on getting his refinery up and running. He has made good money in the Cement business. He can afford to keep the coy aside for now. there is a share buyback programme already in place. The more it drops the better for them to buy at a lower price and short change retail investors. The coy is also low in cash and still wants to pay 275b in dividend. I believe that buying at this price is not a bad decision. There is also an N16 dividend to benefit from. You may be lucky to get tidy units at N118. It is also going on a borrowing spree of over N300b.

Tabuse20:
Is Dangcem still a fundamentally sound stock? Man is worried here as I still am in that ship. House, kindly advise please.

I have refused to see the value in Lafarge Africa. Even their father Dangote Cement is struggling like no man business. For short play, it will be good I however doubt the long term position of the company.

leo1234:


Based on what sir?
What happened to the fundamentals?
Currentprice please come and say something.

UBA Group has donated part of our dividend to fight COVID on behalf of the shareholders.

safepaulooo:
AFRIPRUD, UCAP, UBA have refused to pay because they can't hold AGM due to COVID 19. This is money that would have alleviated people's suffering at this crucial time. Perhaps they selfishly want shareholders to sell their shares at current ridiculous low market prices, then they would buy up. GTB has shown their brain power by organising controlled AGM. This war is double-fronted, Tony and CO should do the needful - organize controlled AGM and pay the dividends as scheduled.

Oga Onifa you are not serious

RabbiDoracle:




I don tell you say make you no dex mix palmie with 33. It is not good for your health.

Oya see am nauw

No tire ooooo.

RabbiDoracle:


Help me ask am o

I don't even trade Brent sef, NYSE or EU. So where is the inside information? But I study body language of people to predict what their next move could be. I research past events to see what was done then and predict that it could be done now. It is not rocket science to do these and draw parallel from those events.

I tire for that oga.

I apologize if you see it this way. Never intended.

RabbiDoracle:


Insider information? Stop discrediting me.

I only make analysis and deduce from the chart I look at.

If you can't interpret charts, just sit and watch rather than say one has insider information.

Oga ONIFA is really a man with deep pockets. He is a man with sources in major financial markets. His market direction shows that he is a man with insider information.

It is like this Evangelist is no longer for peace. Your brand like too much good news.

veecovee:


From how chibuking is behaving, I dfoubt he is married

Thank you Boss. The haircut person don receive for this market too much, on top of it, no dividend from Tony's babies. Na watch (wash) and pray I dey ooooo.

ukay2:


Well done Sir.

Am your secrete follower. ....you and Oga Pluto

Chibuking is doing well. ....all is to balance our thinking. ...not just buy buy all the time

Listeningto both positive and negative or cautious members in this forum is always healthy

He needs to calm down. Both personalities have been very unselfish about sharing information here. We value the 2 of them. I like both of them.

CashDiMkpa:


Was that really called for? You look and sound as bad as him with the bolded.

Oga Chibu, don't mind my Oga OGG, you are doing very well. people should not get unnecessarily hysterical about their positions in the market as long as they have not sold. I do not believe that 2020 for most companies will be better than 2019 especially for the banks but the truth must be told stock prices are too cheap to ignore.

Chibuking81:

Mind the kind of word you are using. Do you think stocks will still not fall below it's current price? That mean you have not started. That I update the current happening do not mean that I have run away from the market, I still maintains that I still have stocks I have not sell, and will increase my investment once it they landed at my junction. At my junction some stocks will still fall, the worst is yet to come, or you are not following the current happening in the country?

Better still watch your word.

The support system to aid us working from home is not yet there. We will get there soon I believe.

Momoney54:


Good try, however why can’t this be done virtually. Companies in Europe and US doing it virtually don’t have two heads. I am right now working from home and I am even more productive than at the office......

http://www.nse.com.ng/Financial_NewsDocs/29481_GUARANTY_TRUST_BANK_PLC._CORPORATE_ACTIONS_MARCH_2020.pdf
Just look at how this company found a way to navigate this problem of no dividend because of no AGM. UBA, United Capital, Africa Prudential and others come and see your mate ooo.

You have spoken very well [quote author=Krisuba post=87745386][/quote]

I do not think Oga chibuking is creating fear in anyone. It is just that side one has to also look at when investing. The reality that is coming sooner or later points to the fact that Q1 and Q2 will be challenging for companies. Will the companies overcome these issues or challenges. Yes, some will and some may not be that lucky to recover asap. Zenith at N11 or Gtbank at N16.85? Can the prices get cheaper? It is likely and everyone must buy at this time to take advantage of these low prices everywhere. If I can buy zenith at N20 or Gtbank at N30 why should I be afraid to buy it at N11 or N17. All na average down joor.

leo1234:



He is very busy searching for negative news that will crash the market.

The sad part for me is that CHAMS has no excuse not to have rewarded their shareholders because they got huge patronage from the FG.

bigjay01:


this one is something else. Jumped over hoops to partake in the PP in 2008.

Someday maybe, just maybe ...

This my people is one of my school fees.

In light of this coronavirus leading to the postponement of AGMs by coys that have declared dividend. The dividend payment will be delayed oooo until the AGM is held. I think coys may have to amend their article of association to recognise holding the AGM online to take care of situation like this. It will also save the company funds

Nope, they must have bought from someone divesting. The majority shareholder is stylishly increasing its stakes and I will not be surprised if the Bank is taken private someday.

pluto09:



Is this share buyback?

That is why I pitied those that ran into CHAMS thinking that they have discovered a goldmine.

PETERiCHY:


Most Nigerian CEOS are heartless criminals. This was a stock that was enlisted at N3 per share on Sept 2008 and they ONLY pay 8k dividend in 2009.

Now 11yrs down the lane they want to buy out investors at a paltry 35kobo per share.

Tejuosho fear God ooo

Ucap just delivered 32% to those that bought at N1.90. It is indeed an interesting time

sellydion:
Sweet profit in bear market.

Total asset 1872231
Total liabilities 1619889
Net asset 252342

Net asset per share N8.63

sellydion:
What about AIICO. Valuation mode will be used not market price.
The Market price could actually be low to what fair valuation is. See Dangote Flour

if he buys tomorrow he will.

Ibrahim505:
Its almost impossible for you to get into the register since you missed it today