₦airaland Forum

yMcy56:
Still awaiting Zee's Q1....

i no know wetin dey delay Zee like this ooooo

Mayb it want to come with a corporate announcement (quarterly dividend/ merger / acquisition)

it was the first to publish full year result which even required Auditing

so i dont undertsnad the delay in 1st quarter which does not require any auditing

Hello my people

i beg has zenith published 1st quarter result

jideflash:
fbnh no fall again. why na, was holding my cutlass at 7naira. oh well, make i manage the units i still have there, plus the newly added uba i chopped at 6.90.

Dont be in a hurry

The night is still long

rebekah2011:
https://doclib.ngxgroup.com/Issuers-section/corporate-disclosures/company-results
https://doclib.ngxgroup.com/Financial_NewsDocs/32876_FBN_HOLDINGS_PLC%20FBN_HOLDINGS_PLC_%20CORPORATE_ACTIONS_A.pdf

Appreciate Sir

yMcy56:
I don't have it again.
No site to get such info for now.......NSE site is offline.
We've been posting different 2020 FYE results at different times here, you may do some search.

okay, thanks, appr8

yMcy56:
Yes.
45kobo dividend for 2020 FYE.

Thanks Sis

Can u please share the result (if per chance you have it)

Good Morning oooo my people

Has firstbank released its 2020FY result?

nna777:
2 Big Cap coys heralded the last bull we had last quarter of last year to early this year. MTN & DANCEMENT.

Good volumes have been building on both coys especially MTN with price uptrend. Are we to see another bull shortly?

IF the trend continues to next week

Also keep an eye on the index, IF we retest 40k next week too,

My Oga that late last year bull was not a bull ooooo.

It was a Forbes induced bull (BUA nd Dangote)

As for whether another one is coming i doubt cos no Forbes in sight except the Fixed income space help by rate not moving up further if not what we are seeing cld be a dead cat bounce. Although last last and deep down within me i pray it is not.

emmanuelewumi:
2020 was a good year for fund managers, that might not happen in 2021. It is prudent to under estimate your expected gains

Thank you Chief.

I appreciate

zimams:
Nothing major..
I've assumed 'per chance' reduction in dividend from 70k to 50k going fwd which is a 20k drop (with recent experience with UBA & Afriprud in mind) .
This amounts to approx. 28.57% reduction. Working out Div yield at current price with this provision will be 11%. If you work it out with 70k div, then Div Yield = 14% approx which is still below 15%.
In my books UCap will need to trade at 3.30 for me to expand my holding, giving me 15% Div Yield with my risk provision. And I'm patient... it's a long game...
If they repeat 70k dividend for 2021 FYE , that will put me at 21% Div Yield with my risk provision.


These are strictly my permutations for UCap.... DD is advised as usual.

Thank you Chief.

I appreciate

zimams:
I haven't mentioned UCAP cos I approach it with a 'risk provision' of 28.57% reduction in future dividend. And when I do this.... its Div Yield is 11% which falls short of the 15% target I have.

Hello Chief,

WHY did you make the above Risk Provision, and

HOW did you arrive at the percentage?

i would appreciate if you share your thinking

thank you

yazga:
It will go lesser 15

we are going back to 10-11

lollllllllllllllllll

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).

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

robobo:
abt 70m unit already exchanged hand

we might be seeing up to 100m units exchange hand today

nd possibly another 50m 2moro den calm might set in

old boiiiiiii

my 100m sales forecast already bursted

we might be doing the 150m sales today

a single sale of 7.5m unit just happened now

Mcy56:
Tony and his guys in action!!!
He always come to save/stabilize this kind of situation.......
It's Tony against dumpers today......

abt 70m unit already exchanged hand

we might be seeing up to 100m units exchange hand today

nd possibly another 50m 2moro den calm might set in

samguru:
Before you press that SELL button on UNITED BANK OF AFRICA PLC (UBA PLC) shares

Lets reason together;

*NPL (Non Performing Loan ratio) reduced in the year under review
* The Gross earning and profit after tax increased significantly
* No pending court case that that can claim up to 50 billion naira
* Directors of UBA are buying more shares
* Tony Elumelu and his family members are increasing their holdings in UBA


But at the end of the 2020 FYE, UBA declared a very poor dividend which is not as a result of poor performance.

Ok nah, you want to begin to dump UBA shares because of poor dividend and thrash their good performance to teach the board small sense.

I strongly believe UBA is embarking on investment drive in 2021 that will require alot of cash and that is the reason the company has retained a large chunk of the 2020 profit.

the MM is already fighting back

im loving the season film.

lolllllllllllllllllllllllllllllllllll

]

PharmAlfred:
NSE is a weird place. Don't be surpprise to see UBA go up within a short time. They did very well, so I wonder why they will be paying less dividend. It is still a surprise to me. We all anticipated a bad result from Nigerian companies but they turned the corner. Shareholders deserve better.

My Oga i really wish but im a hard nosed realist, nothing like that wld happen particular with the negative mood on the NSE now.

expect maximum punishment

PharmAlfred:
UBA made more money in 2020 but are paying less dividend. Total of N.52 as opposed to N1 paid last year.

May be 2021 will be the real ghetto.

At this rate, it is only God that knows what Access Bank will do.

Dividend hunters got it wrong this time.

im positive something is at play here. (maybe opportunistic acquisition, hence need for cash)

but the issue is that the market is not going to entertain anything like that. pple had wised up to the fact that what they eat (dividend) is what matter.

so you can expect maximum punishment for the rest of the week.

the bottom wld be quite deep particularly when there was no form of market warning before now (like profit warning / guidance or conference call hint during 6 month / 9 month result release)

market (worldwide including Nigeria) HATES surprises (like this)

it cld be fishing in the 4 - 5 range for a long time (minimum of 2 quarters) till the Management direction is known for such drastic drop in dividend payout.

N.B not an attempt to run down as im heavy here

seyisanya:
The offer will be very very full tomorrow!

more than full self cos there was no basis for the reduction as all major lines (GE/ NI/ PBT/ PAT / OCI) went up by double digit percentages.

zimams:
I just saw this summary from investing.com
I never see the full thing...

its on NSE site

zimams:
What did they pay for interim dividend again?

UNITED BANK FOR AFRICA PLC - DIRECTORS PROPOSE A FINAL

DIVIDEND

OF N0.35 PER SHARE

* UNITED BANK FOR AFRICA PLC - FY GROUP PROFIT BEFORE TAX

131.86

BILLION NAIRA VERSUS. 111.29 BILLION NAIRA

wey d result?

safepaulooo:
A gut feeling in me says there is still one more major bull before the decline. Might be utterly wrong

was thinking also before but its very doubtful now. ASI had crossed below 50MA making it near impossible for any rally

OBAGADAFFI:
Meaning they generated more funds by selling off some assets or Adjustmented their Liability.

But the year they paid that dividend, Chams balance sheet was showing the negative retained earnings.

Wale can pull fast one us anytime.

My Oga where would he get the money to pay from? has he finish paying the Banks? or you think the Banks would allow him pay dividend when he is still owing dem loan that had become delinquent? Oando cannot return to profitability except oil reads 70 (that was the projections on which the conoco asset were bought, check the coy previous financial statement) and unlike some other marginal player he cannot increase the volume from the oil well to compensate for price fall because it is not the operator.

My Oga i really wished the rumour has an ounce of possibility to it cos im heavy here (though fully written off now) but im a hard nosed realist, so i wld tell you not to bet on it.

nna777:
Yes. Thanks. I just corrected it

the fall i think would correlate (inversely) with the NTB rate. if the NTB approach 7-9% you can expect a steep fall, however the signal wld first come from OMO cos if NTB is to rise then OMO wld rise ahead of it just as was the case some few weeks ago.

nna777:
After holding above 40k for 4 weeks. I don't think the fall will be brutal like when FPIs are exiting the market. Domestic investors currently dominate the market. Slow but steady drop.
NTB 1yr pegged @ 10% though

Good perspective. but i think NTB 1yrs is 5.5% (this week auction). the 10% is OMO which i dont think affect NSE that much because that market is only open to FPI & Banks (i dont even think its open to PFA, not to talk of retail). its the NTB that i think affect the NSE quite much cos its open to all comers

OBAGADAFFI:
NSE-All Share trading at 39799.89

shey no be say d dam don broke be dat??

Are we going to break 40k hmmmmmmmmmmm.

nosa2:
More than 600 U.S. companies are zombies, defined as not making enough money to pay the interest on the debt they've accumulated. You've heard of all of them: Macy's, the four major airlines (Delta, United, American, and Southwest), Carnival, Exxon Mobil, and Marriott International, to name a few.

Culled from

https://www.fool.com/millionacres/real-estate-investing/articles/us-zombie-companies-are-now-26-trillion-in-debt-what-does-that-mean-for-investors/

And this is with rates at the current level oh!

FED cant raise rates because it will tank the US economy

ok thank you i appr8

nosa2:
Not happening

Hello Chief

wld appr8 if u share the thinking about ur response above

nna777:
I think 2020 was unique. If you remember, they issued bonds @ very low interest to offset their debts. This really helped their balance sheet FY 2020.

As for sustainability, as an investment bank, they are in a good position to either maintain it or grow further. My opinion.

I pray soooooo

when the full report comes out we see where the spike came from and the sustainability of that source(s)

samguru:
very huge

Super Huge

How Sustainable is another question. 1st Q 2021 should give a hint, but with the Coy being the Major arranger (as per funding) for Tony foray into Oil & Gas then it might look sustainable at least in the short term (1 to 2 years)