₦airaland Forum

Why is Continental Re on full bid? Looks like not much liquidity in this stock.

Is Milost also interested in Dunlop? Too much activity in the stock today.

wanaj0:
But not everybody is a short termer so no shaking.

NEM finally reached the N2.00 mark.

Market and its sentiments are strange...

NEM - N2
Continental Insurance - 1.55

Ayam not understanding again...

onegentleguy:
...I just edited and corrected the minor error.
Na dat one u go see quick. ...badt guy !!

I thought "pun" intended.

DeRuggedProf:
https://trwstockbrokers./2018/02/26/upcap/


UNITED CAPITAL PLC AUDITED RESULT FOR THE YEAR ENDED 31ST DECEMBER 2017

HIGHLIGHTS OF THE STATEMENT OF COMPREHENSIVE INCOME



REVENUE = DEC 2017 N8.92bn 2016 N9.0bn

EXPENSES = DEC 2017 N3.37bn 2016 N2.63bn

PROFIT BEFORE TAX = DEC 2017 N5.55bn 2016 N6.37bn

TAX = DEC 2017 N1.19bn; 2016 N363.21m;

PROFIT FOR THE PERIOD = DEC 2017 N4.36bn; 2016 N6.91bn

EARNINGS PER SHARE = DEC 2017 73Kobo; 2016 115Kobo;



Corporate Actions

Dividend declared – 35k per share

Dividend is payable to shareholders whose names appear on the
Register of Members at the close of business on March, 8 2018.

AGM Date -14th April, 2016

Closure Date -31st March – April 1st 2016

3 down, 2 to go

Here we go...

http://www.nse.com.ng/Financial_NewsDocs/20967_UNITED_CAPITAL_PLC_FINANCIAL_STATEMENTS_FEBRUARY_2018.pdf

DeRuggedProf:
Afriprud in ICU......

Lol....folks are bailing out.

RabbiDoracle:
How sustainable is the result if TBills rates drop?

Only investment income will rescue them.

The result is unsustainable and APR has just done the wise thing by not raising the bar in dividend payment because they will struggle to match this years performance. Trying to have an even dividend growth seems the only wise option to avoid taking a beating next year.

TBills rate are already on the decline and should fall below double digits before year end with the swap of domestic debt for foreign debt. Unclaimed dividend stock will decline because of e-dividend drive and that is another -ve for interest/investment income. They can't even hold onto the unclaimed dividend beyond a certain number of months and must have to transfer this to a third party investment manager. However, i believe they will reach an accord with United Capital on how to share investment income from here.

In all i do not believe the fair price quote i am seeing this morning are realistic, but like they say, every mallam with his kettle.

2zona:
Please Currentprice, for someone with Break even price of 3.84, what do you advise cos am at a crossroad now, whether to sell now with my cap appreciation or wait for dividend.

Wait for dividend and your dividend will attract witholding tax of 10% and you will be locked in for few more weeks/months because of price mark down.

Sell now and take a charge of 1.8% to 2% NSE/SEC/Broker fee and buyback after price mark down if you love the shares so much.

Easy decision.

currentprice:
^^
2016 FY better , they borrow to pay the N14 div.

Those who are forecasting a bright future for Oando, FO, Eterna...Please take note.

Bright future is from Q2/Q3 2019.

Agbalowomeri:
Your chrome carry virus plus spirogyra

Lol...

currentprice:
may be u are joking .

i used chrome with the best connection. still the same,,, rolling like no 2morrow

I dey serious o. Never had the problem and i've always used chrome to try.

Coolcash1:
Not bad though....DY is 6.1% based on today's price.

Sure. If you bought during the bull run (last 3 months), its still fair if you annualize that figure.

kolaish:
which browser are you using? I have tried chrome, firefox, opera, but it is like try your luck at times.

I am using chrome. It may be slow connection from your location...

You can try UC Browser...its fast and may cut it. Most people use it for movie downloads.

Here we go for Total Nigeria Plc

http://www.nse.com.ng/Financial_NewsDocs/20949_TOTAL_NIGERIA_PLC._CORPORATE_ACTIONS_FEBRUARY_2018.pdf

kolaish:
That is the only link. Someone here says it works from 9pm, so you can try it by then

What a country, a whole stock exchange operating a non functional site! Their former site is more responsive than this new one.

It works 24/7. Never had the experience you guys are having. Could it be network issues?

Agbalowomeri:
Don't laugh o; we were recently like that

My brother i no fit help am....

jimmrozz:
Please what is the implication, no trade on Diamond till after result released?

I am laughing in Swahili....

gloriousdawn:
Expect additional 65kobo dividend from UBA.

My opinion.

Hmmm...not impossible. I will hold that as maximum with range of 55k - 65k.

Agbalowomeri:
Goodmorning livestock

As animals don begin swallow money for naija, the price of this stock should uptrend

Really? I am thinking it should downtrend since cash is an alternate source of food. I believe a strategy for Livestock Feeds that can help them remain relevant is to start minting cash.

emmanuelewumi:
I am sorry I have none. But I think market volatility is very good if your have different sources of income and you have invested in different asset classes.
Market volatility should be your friend if you know what you are doing, have a strategy that works for you, have basic knowledge of asset or business valuation you have mastered your emotions (fear, greed and pride)

True talk. I look forward to market volatility. Without market volatility, its difficult to make money from trades....and this applies to stock, currency and commodity markets.

RabbiDoracle:
Dividend should be like 35kobo to 40kobo. Which is between 6.8% to 7.8% DY from yesterday's price. I pity those who bought at yesterday's price of N5.10

Agba (and Loco) will be selling on you guys to recover his loss on Aiico. I'm really enjoying this drama.

By the way, why didn't price pick up in trading yesterday? This means result was not fantastic.

You know...i had said this before that their dividend will be in that range but overly optimistic folks were saying it will be much higher.

Even APR knows it will be a tough act to match their Q1/Q2 2017 performance. With Treasury bill rates on the decline, they need to look for new opportunities for interest income growth. The may still witness some growth in their registrar fee function because of new sign ons and increasing dividend payments but i doubt it will compensate for the drop in interest income.

Time will tell...

pluto09:
Ah ah, the thing tire me o.
Is like non of you is ready to buy my UNIC even after u na don crash the Price to 0.28k.
God dey o.

Lol....

Troubled Asset. Even the SA guys pushing for an acquisition have taken off.

IchimokuPilot:
Do you expect the result to be good?
If you were holding this stock, will you sell, hold or buy at this point.
I need your opinion.
I failed to listen when you shouted Janet and I am finding it difficult to forgive myself now.
I am now ready to separate emotions and learn afresh.
Thanks.
NB: Any decision I take, I am solely responsible. Just a fair opinion, I am seeking.
Any member here can help.

Don't worry. Consider it as tuition fee.

Heed the advice you have been given on FMN. Everyone knows the saviour will return. We just don't know when....

You'll be Good.

Toluway:
Average Price Per Share.

Please I want to set an average p.e. as reference point for determining whether a stock is cheap or otherwise, amongst other factors.

Please I don't support the idea of different p.e.'s for different stocks as some people believe, because the primary reason for investing in a company is to enjoy the dividends; whatever company it may be.

I want to set my average at 8. Please what's your opinion? This is for my personal use please.

You can't have one P/E for all sectors because each sector e.g Financial Services, Insurance, Agriculture, consumer goods etc have different PE conventions/range driven by the peculiarities of the industry condition. While a PE of 8, using your example, may be considered too high in one sector, it may be too low in another sector. P/E as a stand alone ratio is almost useless and you need to know how to apply it to make sense. The way its been largely touted here to "guestimate" value of stocks is perhaps misleading, and at best an incomplete approach.

Diamond and FCMB competing on who will loose ground faster.....

Thanks for sharing.

Infinitisi:
Dufil is quoted on NASD. Last time I checked a few weeks back it was around N9 if I'm not mistaken.

Thanks mate!

Chibuking81:
Why is this bad news coming at this time?. This bad news want to spoil our show .

Not to worry. Your show is intact. The expected rise in price has nothing to do with dividend or fantastic result. Dividend being paid since 2015 FY is a side show. Remember, there is some OANDO DNA in that coy.

Makers of Indomie Noodles are gradually creating a monopoly in that market. After buying off Dangote's noodle business last year, they are close to buying the noodle division of another quoted company and about to commence talks with yet another quoted company making noodles. Is Dufil Foods company quoted and if so on which board?

onegentleguy:
No my dear. ...on the contrary, its time to invest in the bank.
...Just try and do ur homework well.

DD always advised pls.

Hmmm...Like you always say, MR Time will tell in less than 45 days. We are watching.

kolaish:
I like this your new ministry (information). I will keep an eye on Dunlop tomorrow. I will not allow what happens today in Japaul to happen in Dunlop.

Look before you leap....

You may be investing in a shell company. The original Dunlop is dead and buried. All known assets including its Head Office in Oba Akran and its factories have been seized by Banks through the court of law. They made attempt to shift production of tyres to Ghana but i am sure that did not work out well.

They had a public offer a few years ago and there is no result on how that went. Again, typical case of bad policy affecting coys. They invested a huge sum of money building a new facility after the ban on importation of tyres and as soon as they were done, the ban on new and second tyre importation was lifted by the government of the day.