₦airaland Forum

How much are they paying?

And what's qualificationdate for GTCO?

Thanks.

edwardaigb:
Happy weekend to all. Enjoy your Geregu dividend.

Tell your uncle to spread 2M on 4 dividend paying stocks in Nigeria such as zenith, Fidelity, Ucap and Dangote or presco.

Another 2M on S and P500

Remaining 1M on government bond.

Tell him to focus more on the source of the 5M in order to get more.

You can't travel to a better country with 5M. Though, Saudi Arabia can be option.

Drella:
That's less than 3k USD.
Except he's heading towards an African country, he should shelve the idea of japa.

With the influx of questions like this, I strongly believe people underestimate the cost of japa.
When they tell you people sell houses, land, valuable properties just to japa, do you think it's a fable?

Please enlighten me on how long it takes to credit public offer to cscs. I bought some fidelity and zenith.

As for the allegations. It looks like they hold something against Agbaje as a person. These boys know each other and they are factions. Most of the things said might be true though.

Please enlighten us.

jonnysessy:
I think we should start looking at the recent allegations against GTCO. Why make so much and you pay very little. I used to have the misconception that CBN restrict their payment of dividend. Were CBN asleep when small UBA declared N2, while GTCO only N1 for interim dividend.

He can actually download stock average calculator on playstore. I knowit's a lazy way though.

ositadima1:
My dear, you will need a lot more units to come close; you will need about 1.6 million units to average down to 11.5 . Check your calculations or use Excel.

It seems we shellholders of OandO might eventually laugh
One of James Hadley Chase books says my laugh comes last

ndept:
https://doclib.ngxgroup.com/Financial_NewsDocs/41435_OANDO_PLC-OANDO_PLC_-_PRESS_RELEASE__CORPORATE_ACTIONS_JUNE_2024.pdf

Another reason for Oando to rise!

Morgan capital i believe.

intrelations:
hi guys, please which stock broking firm charges a lower fee when buying/selling shares?

Fidelity Public offer #9.75k
Right issue #9.25k

June 20th to July 29th, 2024

You're the best. Thanksas always.

yMcy56:
Its to capitalize unissued shares to increase OS (Outstanding Shares) and working Capital.

I've discussed extensively about VFDGROUP here in the past together with one or two Nsempas that contributed that time.

1. Total outstanding shares (OS) presently is 253,369,820 (in millions)
2. There's now a plan to increase this to N1.263bn+ by capitalizing unissued shares worth N506M to ordinary shares of 50k each
3. If you divide this sum by 50k nominal value, you'll get the number of bonus shares arrived at......for distribution to shareholders.
4. IN SUMMARY: VFD is distributing 1,013,479,280 unissued shares to shareholders who owns 253,369,920 existing shares........
** This brings it to 4 new shares for every existing one held........AND, the new shares will rank in pari passu with existing shares.

** Quite a number of Companies issued bonus in 2022 FYE as well......so nothing new here...... Except that VFD's bonus is so juicy. If you still have it, then HOLD!
** Qualification Date is 14th June, 2024
** Hope I answered you in my own little way.

Please enlighten me. What's about this move from them?

yMcy56:
VFDGROUP
Corporate Action.....
Bonus Script: 4 new shares for every 1 held
Qualification Date: 14th June, 2024
Registrar: Africa Prudential

https://doclib.ngxgroup.com/Financial_NewsDocs/41421_VFD_GROUP_PLC-VFD_GROUP_PLC-_CORPORATE_ACTIONS__CORPORATE_ACTIONS_JUNE_2024.pdf

You are the type who would have 10M in account but wouldn't buy 10 naira paracetamol from it. So, whats the essence of your 10M?

CodeTemplar:
What's the balance of FX reserve?

We cant let 80 billion go without account as well

Greatness43joe:
We need improved economy. Period!! This one no concern us

ThanksMcy for NIDF

yMcy56:
Na result be this o.
Honestly, this stock/bond is good for long termers......
Dividend distribution is quarterly!

** First quarter distribution: N4.23k
Qualification Date: April 12, 2024
Payment Date: April 19, 2024

https://doclib.ngxgroup.com/Financial_NewsDocs/NIDF_Announcement_-_Q1_2024_Corporate_Action.pdf

https://doclib.ngxgroup.com/Financial_NewsDocs/40853_NIGERIA_INFRASTRUCTURE_DEBT_FUND-_QUARTER_1_-_FINANCIAL_STATEMENT_FOR_2024_FINANCIAL_STATEMENTS_APRIL_2024.pdf

Let me use someone'strademark by saying DING!
In Dave Ramsey's voice, LOVE IT!

emmanuelewumi:
Check on your "dollar gang friends"

Why not just focus on S&P 500 and just few blue-chip.

Adinije:
For people that are always advocating, "Convert your naira to dollar and invest in US stock", This will shock you. I was playing around my trove app and decided you use the small $$ I have there to buy random stock. I just checked the app this evening only to discover that my portfolio is down by 100% $0 left. E shock me.

Naira might be shit but this kind of thing can't happen in NGX. Even dead stocks on NGX won't drop to #0

He always look after himself above others. Alhaji is not so selfish like him.

Streetinvestor2:
Tony has always been a scam from how he took over uba.This is how he pulled out the hotel to himself. That is why i see that his foundation as a scam. I don't think he has plans to do that.why was the Listing kept secret till on Friday after the close of business and Listing on Monday .You will see 80% of the ownership to himself and one proxy as investment partners registered in one country. 10 % to the parent company and 10% to mugu investors in naija that will push the price to 1000 for him

I am not posting this here because of what the commenter's name suggests. There's bad element from every part of Nigeria.

Ifechi's comment is below the belt.

Have we reached this level?

Even on a live program?

How can you be inside a plane and be praying for air crash?
Not only government that will ruin the nation, bad followership and bad energy will be part of it.

I'll rather join a registered cooperative. Some of them loan members X3 of amount saved at 5% to 8% rate but you must have joined 6 months prior to taking loan.

Yes, bank loan is easier but paying so much in interest can hinder generating wealth and gives almost no room for trial and error. Some people are good at OPM like Robert Kiyosaki, Pa Emma etc.

Zagee:
Borrow what you can pay if things go south. I got a sum with 18% interest rate from GTB spread at 12months, 2022 November into the market. I am happy today!

I share your view but it depends on risk tolerance and money management skill and bit of luck not to borrow against a rapid falling knife.

Another thing to do is IF you have trusted people abroad, take part in their thrift (esusu/ajo), lobby for early slot. You won't need to bother about interest but you must have stable income so that you won't disrupt the flow and make enemies for yourself.

I prefer it to taking loans and I've been doing it for 10 years. Try it with your trusted friends or you can start one but people must trust you.

Ballzproblem2:
never invest borrowed money,no matter what .

In calabar voice abi

Agbalowomeri:
I will wait at NGN12 yunction

Please do our dear Dr.

DrAwo:
I love this line sir... Really thought provoking. Permission to copy it and quote you please?

Let's start from, who is Duke of Shomolu?

He said Bayo Onanuga knows nothing about NGX, I strongly disagree.

After criticising the market, he now praises the handlers in paragraph 20 for being professionals. That's contradiction.

I agree there's disconnect between the economy and market but I've explained previously. When you pour oil on your head, it won't reach your toe same day. *it won't even reach it at all if your positioning is wrong e.g kneeling down. Positioning is important in life. Osimhen won't lay the pass for the oncoming player who scored Nigeria's first goal if the scorer was not well positioned. Word of God confirmed this that there'll always be poor in the land* And my advise is, DON'T LET THAT BE YOU! POSITION YOURSELF.

Recovery of economy takes time but the writer refused to understand that. Covid happened and economy of the world collapsed. Most Markets bounced back in 6 months but 4 years after, most economies have not fully recovered. It shows markets will be the first reactor before economy recovers.

Lastly, he said market will turn read in March of course every player in the market knew that after results are released and there's markdowns, there's usually fall in price, and followed by profit taking and portfolio rebalancing.

Anyway, I might be wrong too. I don't know much neither. I'm neither spokesperson for APC.

yak:
https://nairametrics.com/2024/01/28/record-breaking-ngx-a-stockfish-market/


Hmmmmm!

One girl used to press my mumu button with fish fish cake biscuits (blue pack) around 2007.

When we discuss economy, my friends always feel bad that I don't criticise government with them. Why should I focus my energy on that while I can use back door (NGX) to get back what the economy is taking from me when I buy in supermarkets etc.

And if market slooooowwwwws down, we have gurus to point us to where we can shift to. With my night school economics analysis and readings government policies so far will continue to favour the market. Me I don't know anything o but I'm convinced on that.

ositadima1:
I think I have mentioned before that we are going to see bigger revenue, especially for essential products making companies, which may translate into higher profits. It is not hard to see when you go out to buy provisions and supplies - you should have noticed by now that most prices have gone up. In some cases prices have doubled, while in other cases companies have reduced the content. Look at my favorite biscuit from years past - the fish biscuit (50 naira per pack). It is now half its original size.

When some people come here and tell me stock prices will fall, as usual I get seriously confused. Is it not the same market that they and I enter to buy things, or are they shopping somewhere with discounted prices? Ok nah.

I was saying this last week that their advert looked like bank PHB. A kind of politicians approach to get vote.

DeRuggedProf:
Bros, just show him this advert. No long grammar...

https://www.youtube.com/watch?v=DRwPc5yJqCo.

I saw it too.
I had to rewind it to watch again.
Seems so ambitiouslike bank phb advert of cars runningon water.

Let's see how it goes for them.

Jaakay:
Pls who saw the Japaul advert shown today on Arise. Interesting claims by Japaul.

Sounds like Cecilia Ibru

emmanuelewumi:
Not referring to Intercontinental but also in that category. The CEO of Intercontinental na pastor.

This CEO goes to all the jamborees on Lagos Ibadan express from kinetic energy must change hand to Oke tude to Holy spirit night, Taborrah, different mountains. Not from the south west geopolitical zone and not align to a particular denomination

I thank God for those lessons. I was in university and out of little i got from parents, i would send to my broker.

I was always at Sunny Ojeagbase seminars and buying his business newspaper every week.

I lost money but i became wiser

emmanuelewumi:
You won't believe I never bought any of those offers.

The Maths did not make sense. Even Bank PHB and the likes, I didn't buy

That's my evidence too. Thats what they told me yesterday. They must have misled one of us.

unite4real:
This is not true. It depends on what exactly your request was.
I have acted ignorantly and sent a message to them and they have confirmed to me that they do not even know when it will happen.
Here is the screenshot below

When i requested the form, morgancapital told me that the rights issue is concluded and I should wait for public offer.

unite4real:
The PO is also coming up too. Remember even the RI is still with SEC for approval. None has been implemented yet but do know that the target is to add additional 13.2B units
https://www.google.com/amp/s/nairametrics.com/2023/07/19/fidelity-bank-plc-announces-plans-to-raise-capital-via-public-offer/%3famp=1

The big fish. Alica$h.

Abeg when is the last day for fidelity right issue.
It's 1 for 10 @#10

megawealth01:
Nigerian billionaire Aliko Dangote gains over $100 million in first week of 2024

https://billionaires.africa/2024/01/06/nigerian-billionaire-aliko-dangote-gains-over-100-million-in-first-week-of-2024/?fbclid=IwAR1Z_1Mm26AqH9fa896eX_66_-Qc78NhnexQkpZyAc1fGPJOOMtpHisWnDY

You hinted me and i followed. Im only feelingi shouldhave got more.

yMcy56:
Replied.
So you didn't buy Transcorp when it was mentioned that time?

TOE is still on full bid

@mcy i sent you a mail this morning.

WizEndy1:
I bought at 6 naira, my portfolio doing wonders. Someone is buying a lot since the beginning of the year.