₦airaland Forum

talk2me2 :
https://doclib.ngxgroup.com/Financial_NewsDocs/42068_CORNERSTONE_INSURANCE_PLC-_QUARTER_2_-_FINANCIAL_STATEMENT_FOR_2024_FINANCIAL_STATEMENTS_AUGUST_2024.pdf

KwanaStone

Jerekre:
Good morning BnSITL, please which is the correct payment date for Mansard dividend? I am seeing July 29th and also August 8th

August 8th

Streetinvestor2:
Is your own annualised or just quarter thing

my dear what we are discussing is the second quarter not the annual report. Besides no one can tell what the annual report will look like.

SonofElElyonRet:
Is EPS of Veritas truly 75k ? That is stunning!

do your own calculation approximately 37kobo

Uchetoba:
I don't have their share but when the suspension is lifted, l will wait for them at N1.3.

1.3 is too much for them my dear fair value is 1 - 1.2

talk2me2:
Changing National Anthem instead of bringing down the pump price of fuel and importing rice

That is why I will not invest in NPF until it goes down to 1.2

talk2me2:
https://doclib.ngxgroup.com/Financial_NewsDocs/41827_NPF_MICROFINANCE_BANK_PLC-APPOINTMENT_OF_A_NEW_MANAGING_DIRECTOR_CORPORATE_ACTIONS_JULY_2024.pdf

Changing National Anthem instead of bringing down the pump price of fuel and importing rice

KarlTom:
This 50% Tax on Foreign Exchange Gains is ill-intentioned and ill-timed.
Painfully, I do not think there is any hope for the major banks (except for lenghty court cases).
This 'insensitive' act by government is surely going to have an adverse effect on the FY2024 results...

Why not special hurricane/Tsunamis Tax Rebate for those coys in the foods and beverages as well as the Telecommunications and other sectors of the economy that lost most or even entire equity in 2023 alone due to the reckless foreign exchange policies of the Tinubu lead FGN.

Raider76:
Actually you have two values depending on how you deduct the dividend:

1) (40.00/3)-0.90 = 12.43
2) (40-0.90)/3 = 13.03

Most likely they will do second one so the price will be N13.00

It is either 13 or 13.05. Only existing shares qualify for dividend, and the bonus shares can only become existing shares after the qualification date.

EDUECO:

You done come again?

Abi you want to invest the proceed from your magas?

Go to www.investopedia.com to gain knowledge about stock investment.

Omo, the other time he was an expert having over 3b USD in his investment portfolio, now again he is a novice.

stcool:
https://nairametrics.com/2024/07/17/tinubu-proposes-one-time-windfall-tax-on-banks-foreign-exchange-gains-to-fund-new-n6-2-trillion-increase-in-2024-budget/

It all about himself...very useless fellow!!!

olig:
See your government; 50% tax on FX gains

Since When did the banks profit become Nigeria's crude oil?

Bagwa:
*Breaking News:*

The Federal High Court presided over by Hon. Justice Aneke in *Suit No. FHC/CP/494/2021: Venus Construction Co Ltd & 13 Ors vs. Ocean & Oil Development Partner Ltd & Anor* has delivered its Ruling on an application brought by 5 aggrieved shareholders of Oando Plc to join in the suit and set aside the 7th June 2022 Order mamdating Ocean & Oil to buy out all Oando minority shareholders and for which Ocean & Oil wwnts to pay N7.07 per share as purchase price. The Court agreed with the Applicants that the Petitioners do not represent or have the consent of all Oando Shares to file the Petition and thus varied its Order dated 7th June 2022 which is now limited to the shares of the Petitioners who have agreed to sell their shares to Ocean & Oil at N7.07 per share since the Court CANNOT force Oando Minority Shareholders to sell their shares if they do not want to sell.

The implication of the Order is that the *"Oando Go Private"* scheme will no longer fly and that the shares of the Minority Shareholders will no longer be acquired compulsorily as planned by Ocean & Oil.

The Federal High Court also awarded a cost of N100k against the Petitioners and in favour of the Applicants.

Fake

KarlTom:
The forces of Market Traders and Market Makers at work...

For now it's a case of profit making/taking till there's another solid news from OandO

They in the lab. already soon they will create another one.

Them Tori no get end
https://doclib.ngxgroup.com/Financial_NewsDocs/41532_NPF_MICROFINANCE_BANK_PLC-DELAY_IN_FILING_FINANCIAL_STATEMENTS_CORPORATE_ACTIONS_JUNE_2024.pdf

mikeapollo:
SEC just recently declined the request of PZ Cussons to buy-out minority shareholders and delist. Do your findings. Just google it. And that put a stop to their intention to delist.
As long as SEC rejects the application to delist, the company cannot delist.

Alright
Good to know
We learn everyday

mikeapollo:
You get it, perfectly!
Oando shareholders have been through very difficult times. And now that there seems to be some hope, this delisting issue has cropped up. That is why some shareholders have vowed never to allow the delisting succeed. Hope SEC would be equally determined to protect shareholders interests.

SEC does not stop a coy from delisting the only thing they can do is to ask for a fair consideration for the shareholders.

Am I the only person experiencing that the Morgan, itrade market view, drop down is not working as the only option is the 'all board' the rest like the 'equity', 'premium' etc are not showing?

Niyijac:
Who has an insight into what is happening to MERISTEM GROWTH EXCHANGE TRADED FUND (MERGROWTH) and MERISTEM VALUE EXCHANGE TRADED FUND. They both have lost 89% and 85% of their value recently.

The are returning to their value points.
This is because they were ballooned so that they became too much over valued.

zendi:
The only DD anybody needs on Oando right now is to understand that delisting is a matter of 'When', not 'If', until you see a "Press Release" reversing delisting plan.

As of now, your Oando is loaded in a paddle-canoe afloat on turbulent waters, with N7 as your safety net.

Them no they hear word Ardova will happen to them again.

talk2me2:
New finance officer. Poor result suspected.

talk2me2:
https://doclib.ngxgroup.com/Financial_NewsDocs/41471_CAVERTON_OFFSHORE_SUPPORT_GROUP_PLC-_QUARTER_5_-_FINANCIAL_STATEMENT_FOR_2023_FINANCIAL_STATEMENTS_JUNE_2024.pdf

Bad result confirmed

Streetinvestor2:
Yes sir Gilbert O uzodike,founder cutix

RIP Mr Gilbert Uzodike

Locotrader:
Which kind wahala be this?
Village people Don put hand for champion come put hand for IEI again.

No wonder they posted a big loss in this year's Q1 to pull the price back.Its a pity for #1.60

many people no they hear word it go soon happen to them again

New finance officer. Poor result suspected.

eziokwunwoko:
Good evening: elders, CurrentPrice, Pa Emma, OGG, Mcy,BullbearMkt and others. I need your suggestions.
I need to buy VFD shares due to the Bonus shares.
I compared its PE@Q1 ( 24) to that of UCAP PE @ Q1,(31.7). Factoring the Bonus shares. Should I buy it or wait after markdown.
I am open to suggestions and recommendations

che kwa ya echee. Not a recommendation.

Mfunkynation:
Which means it will be N200 after Mark down

What are you saying?
The closing price this Friday divide by 5 is the opening price next Monday.
You will have to wait until the day the bonus share will be allotted before you can be able to access 80% of whatever you invest in the company on or before Friday 14th June 2024.

Mfunkynation:
Good morning,
please will there be any market today?

Don't worry you will soon find out.

LILBIMS:
pls,im a dividend hunter, which stock shares are the best to buy and get the best return on investment?

Banks
Apply your DD

talk2me2:
FOR TRANSPOWER
Their 2018 report was not found so I did 4 years annualized growth.

For 2022 & 2023 I use 80,216,000 OS.

4 years annualized EPS growth is 74%.
4 years annualized PAT growth is 78%.

Despite the growth rate PE is still very high

emmanuelewumi:
Do a 5 year compounded annualized growth

FOR TRANSPOWER
Their 2018 report was not found so I did 4 years annualized growth.

For 2022 & 2023 I use 80,216,000 OS.

4 years annualized EPS growth is 74%.
4 years annualized PAT growth is 78%.

emmanuelewumi:
It will mislead the uninformed investor.

You can see how people are arguing with me here than the EPS is not N4. 00

Transpower 2022 eps is N2:30k, if calculated with 7.5b os; N215:46k, if calculated with 80m os.

Their 2023 eps is N4:03k, if calculated with 7.5b os; N376:90k, if calculated with 80m os.

EPS Growth is 75%.

:
https://doclib.ngxgroup.com/Financial_NewsDocs/39914_FCMB_GROUP_PLC-_QUARTER_3_-_FINANCIAL_STATEMENT_FOR_2023_FINANCIAL_STATEMENTS_NOVEMBER_2023.pdf

Looks like part of the comprehensive income was minused before calculating the eps.

ucheson2:
their results have been very good recently but I prefer oil companies.

I may consider investing in nnfm if the price drops significantly to say 14.

If I see it at 19 I will start buying it in trenches while still doing my DD.