₦airaland Forum

mendes911:
UBA.

http://www.nse.com.ng/Financial_NewsDocs/21344_U_B_A_PLC_FINANCIAL_STATEMENTS_MARCH_2018.pdf

55k.

grin

Like Access Bank, decline in PAT. No wonder the 'bull' did not come their side

Agbalowomeri:
So it shouldn't be selling higher than Access then

Why not? ETI is showing growth while Access is showing decline

Yayira:
I want to start buying illiquid stocks now

And when you want to sell there will be no buyers!

Jejebaba:
I tire for them ooo, when guys don already sharpen cutlass for 9 naira. Lets wait for Mr TIME to Access it down to 9 naira before closure date.

They will likely release a 'fantastic' Q1 result quickly!

rebekah2011:
The result is out oooo. http://www.nse.com.ng/Financial_NewsDocs/21328_CUSTODIAN_AND_ALLIED_INSURANCE_PLC_FINANCIAL_STATEMENTS_MARCH_2018.pdf

Waoooo. With a PE of 3.5! Just that it is not a very liquid stock.

GTay:
New IPO listings could boost market liquidity

According to the Executive Director and Co-founder of Sahara Group Limited Tonye Cole, the Nigerian energy conglomerate has revived its plans to take on an Initial Public Offering (IPO). The purpose of the IPO according to the founder is to provide capital for the company to achieve its target of increasing its oil production by four-fold to 100,000 bpd. We recall that the company had initially planned to list in 2015 but refrained due to unfavorable market conditions as well as lower crude prices. However, the recent equity market recovery, improving macro-economic conditions, and most importantly stable crude oil prices have revived previously shelved listing plans. Although Mr. Tonye Cole did not provide a timeline or give an indication on the offer size, we highlight that in 2015, the company was looking to sell as much as 25% of its business for $600 million. We note that this is one of two potential listings soon to be done on the NSE, the second one being MTN Nigeria which is scheduled for the second half of 2018. We expect the IPO to further deepen the equity market – providing more investment opportunities as well as market liquidity.

Via: Vetiva Online

This looks promising for the market

Sahara Is okay

Ecobank will host a live conference call on Wednesday 28 March 2018 at 14:00 GMT (15:00 Lagos time) to discuss the financial results.

The conference call facility can be accessed via online registration using the link provided below:

Online Registration[url]:http://emea.directeventreg.com/registration/2382359[/url]
Conference ID:2382359

For those interested

rebekah2011:
Prestige Assurance Plc: Full Suspension of its Ordinary Shares from Trading on the Floor of The Exchange

Dealing Members are hereby notified that the Ordinary Shares of Prestige Assurance Plc (?the Company?) will be suspended from trading on The Floor of The Exchange effective Friday, 23 March 2018 to Tuesday, 27 March 2018.

This is to enable the Company? Registrars update the Register of shareholders for the planned Share Capital Reconstruction of the Company.

CUSTODIAN AND ALLIED PLC

AUDITED GROUP FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2017
REVENUE: DECEMBER 2017 N43.05b DECEMBER 2016 N38.55b PROFIT BEFORE TAX: DECEMBER 2017 N8.93b DECEMBER 2016 N7.39b
TAXATION DECEMBER 2017 (N1.62b) DECEMBER 2016 (N2.06b)
PROFIT AFTER TAX DECEMBER 2017 N7.32b DECEMBER 2016 N5.33b

CORPORATE ACTION

INTERIM DIVIDEND (PAID): 10 KOBO

FINAL DIVIDEND (PROPOSED): 32 KOBO

TOTAL DIVIDEND: 42 KOBO

QUALIFICATION DATE: APRIL 11, 2018

CLOSURE OF REGISTER: APRIL 12, 2018 TO APRIL 17, 2018 (BOTH DATES INCLUSIVE)

PAYMENT DATE: APRIL 24, 2017

AGM DATE: APRIL 24, 2018

AGM VENUE: THE CIVIC CENTER, OZUMBA MBADIWE AVENUE, VICTORIA ISLAND, LAGOS

This is almost 10% dividend yield (7.5%) if you consider final dividend alone.

This idea of dividend announcement with no result na wa ooo. How come an insurance company is releasing result before BANKS?

mendes911:
http://www.nse.com.ng/Financial_NewsDocs/21320_OKOMU_OIL_PALM_PLC._CORPORATE_ACTIONS_MARCH_2018.pdf

Okomu Oil Palm - N3.00

No result Only dividend announcement

Ok ooo

rebekah2011:
https://www.zenithbank.com/media/2486/group2017fye-conference_call.mp3

shukraan

RabbiDoracle:
I remembered it vividly in SMN. Dem wan finish you .

I was against purchase of the stock as well because it later became too complex. But today, people now understand albeit late.

Yes ooo. There was one Morgan in particular

Emotions were rising then. People got hoodwinked with the 'sweet' stories. All the oversubscription of placements. The reverse acquisitions. The listings on JSE and Toronto. The planned refinery. They ignored the huge Technical/Management fees. At a point the shareholding structure was so confusing. Then they started some very complex capital/debt raising structure. Now the TRUTH is out!

As a minimum, people should know why they are buying a particular stock and have some understanding of how that company creates value! That way you know when there is a problem. For example, if Cadbury makes money from producing and selling Bournvita. When you stop seeing Bournvita in the market or in people's home, you better jump out and ask questions later!

ukay2:
Please how can i participate in the conference call for Zenith bank..also which date and time is it scheduled

Please are they documents to identify share owners during AGM of companies.....as all my stocks are bought via NSE trading floor....

THANK YOU.

I think Zenith had their investors conference call last week.

The registrar comes to AGM with register of members. They hardly check though.

RabbiDoracle:
Sir, beware of stones ooo.

Use to it. Screamed when OandO started their nonsense and destroyed shareholders value. Was accused of trying to bring the price down. Emotional investing is affecting a lot of people.

pluto09:
I don't think you really understand what is happening in japaul.
Nobody is saying you should not buy but at least you should have some knowledge of what and why you are buying .

That's how OandO started with some complex transactions that impoverished ordinary shareholders.

If Milost is serious, they should invest via special placement. They can even own 90% of the company. Who buys shares at 50% premium and penalise a company if share price drops? Criminals!

yom2:
if u are long enough in this MKT .u ll know that major acquisition still remains best options for poorly run or moribund companies and 80% of the time it has worked out. let me take u back memory lane: ( 1)Benue cement company which metamorphosed to dangote cement (2) national salt company(3)ibtc acquired by the south African bank(4)interbrew (5)forteoil e.t.c. during dangotes acquisitions, a lot of people with bigotry and parochial interest kicked against it. now tell me what's d story today?

I am new in the market. I am however able to spot criminal and illegal acts from a mile. No one is against major acquisitions. Just follow the rules and ensure transparency. No need supporting illegality. JAPAUL should call an EGM/AGM and allow shareholders decide.

No need for complex transactions. If Milost is interested in investing, a special private placement can be done!

ukay2:
Most AGMs of quoated comoqnies are in lagos....Now that this Zenith bank 2018 AGM is in Abuja.....i hope i will have time in the office to attend this Zenith AGM in Abuja on the Friday 13th April,2018.....how is their AGM usually be.....

Any means of identifying shareholders in the venue??

Cc: Sir Emmanuelwummi, Pa Wanajo....etc

Better to participate in the conference call than attend AGM. For the conference call, it is difficult to manipulate the questions to be asked. At the GTB conference call yesterday, the MD was asked about their succession plan! That shows the level of questioning. Such will not be allowed at AGM's.

locodemy:
chai.you must have lost more than 20m in this oando.You dont talk without mentioning oando but they have changed.They are no more the way you think.chai chai chai chai

I jumped out of OandO when it was still the darling of many. Then the were feeding people with plenty lies. I was accused then of so many things. Comparison was even made with SEPLAT. Morgan or what is his name was busy defending OandO then!

Please what has changed about OandO? You see the way they treat minority shareholders?

yom2:
well d fact still remains that u are still better off with this deal than no deal at all. when the wife of ibru scuttled the last planned deal for ikejahotels with their family battle; are u better off today? let's learn to make the best choices.

Better off? Illegality can only bring disaster at the end of the day! That's how OandO started with their reverse acquisition nonsense followed by fictitious capital raisings. Corporate governance is alien to some people.

OBAGADAFFI:
For N70 stock? too small.

What were you expecting?

I expect a lot of extra ordinary items.

Make them post the result first

robobo:
ok beta for them

to buttress what i am talking about above.

the decline of Access bank result for 2017FY was largely due to a loss of N33.63b from derivative instruments. a line of income that produced N53.32b profit for 2016FY, this speaks to the volatility of this line of income which is giving me concern as stated above.

The GTB MD was asked specifically at the conference call yesterday and he confirmed that they are not into CBN swaps. He also confirmed that they are not using N360/$ yet. So expect some increase in revenue just by using N360/$. GTB and Access are not in the same category!

kolaish:
This type of people are very troublesome, even more than the majority shareholder

A shareholder is a shareholder ooo.

I have 500 units in a particular company . In the days of paper annual reports, that entitles me to get the annual report. I have close to 50+ companies! Some are worth less than N1k. That's how I pay my own tuition fee

rebekah2011:
There is nothing in Japaul again. I do not know which one is better. Suck in unsuspecting investors and dump on them. This is like advanced MMM.

I am sure most of those buying don't even know which business JAPAUL is into! Na NOSPETCO type of things

mendes911:
Knowing him, I would be surprised!..

Mind you, Wanaj0 was the one that made it known to many of us when ETI was a jewel. Pumping and I made over 100% returns, come add dividends on top (in USD self). But their management started messing up afterwards and stuffs like that. And the dumping started.

If he's still there, then there must be something he knows that I do not.

And you no pay Tithe (or na TAX) to me for this 100%

ETI constitute like 2.5% of my NSE portfolio. I entered based on their turnaround story which is yielding fruit. Yes there is no dividend but things are looking up. Access is paying dividend but with a drop in profitability.

That said, I except ETI price to come down to about N15.00 pending their Q1 result.

They just send some cheque for their preference shares redemption self.

yom2:
bros with all due respect, please tell me what u have to loose from this supposed deal? if u are not a fan then let them be. if milost makes japaul better than they met it then let them be. tell me which is better; the days of inactivity, despair and hopelessness and this days of seeming possibility and hope? don't join the league of those who try to run down anything they are not part of.

I am a shareholder of JAPAUL. I own 1,000 units . The deal is a SCAM! Where is the shareholders approval?

Na so OandO take start

robobo:
thats my fear going forward for nigerian banks after the extra ordinary FX gain and TBills income of last two years (which brings with it sustainability question)

same thing i.e FX gain (from derivatives) was pivotal for Zenith (yet to critically look at GTB) for 2017 and Zenith had stated as per conference call that they expect more from that line of income (which might have necessitated the current sell off).

if you understand derivative to be a very volatile and risky venture then u might start getting concern for Nigerian banks.

N.B I am heavy on the banks though seriously thinking of taking advantage of next bull to cut down cos of this concern except this concern is allayed before then

GTB bank stated that they did not partook in the CBN swaps

rebekah2011:
This bank is behaving like Baby Elephant. 2 years in a roll now with no dividend but nice capital gains.

They came from LOSS position to return to profitability. That is improvement.

Access PAT dropped year on year. No wonder they did not partake in the bull run!

rebekah2011:
http://www.nse.com.ng/Financial_NewsDocs/21305_ECOBANK_TRANSNATIONAL_INCORPORATED_FINANCIAL_STATEMENTS_MARCH_2018.pdf

No dividend

No dividend expected.

rebekah2011:
Japaul's case even worse pass Oando. Japaul has not got a single oil and gas servicing agreement with any IOCs as we speak. So whats the attraction

Even the press statement shows that cowboys are at work! Anyway, they are into mining of precious metals. Soon they will diversify into crypto currencies

Coolcash1:
I think Jegede, Milost et al caused the negative report about the deal. From the report, the newspaper company tried to get confirmation of the deal from them but no one was ready to talk. Of course, when there is gap in communication, you give room for speculation and image-damaging conclusions. However, with various beneficiaries of the milost largesse coming out to confirm that the firm is genuine and the various deals as well, this is not sufficient enough to convince the pubic until SEC confirms it.

Though the rebuttal by Jegede has caused a rally in Japaul shares today.... How long this will last, i leave it to mr. Market to answer..

When did the shareholders gave Jegede the mandate to enter that agreement?

Everything about that agreement is a recipe for 'pumping and dumping'! Buy stock at 50% premium then IF the price drops, you get more shares. Is that not an invitation to PUMP up the price?

So this Milost people only invest in undervalued company. JAPAUL is undervalued? Make them continuuu

rebekah2011:
https://nairametrics.com/japaul-has-some-harsh-words-for-the-negative-press-that-crashed-its-share-price/
https://nairametrics.com/this-is-mesa-milost-strategy-for-investing-in-nigeria/

There are many rogues in Nigeria!

When was this 'MESA' presented to the shareholders of JAPAUL and ASO SAVINGS? Did the shareholders agree to this scam?

rebekah2011:
Oga, I agree with you. Like or hate them they are spot on most of the time. I remember when Oga Wanajo sounded a note of caution on my darling UCAP. I was waxing lyrical saying it must perform than last year. Emotions. Oga RabbidOracle and others that most have termed prophets of doom are only doing the job of helping to balance our emotions. There are some stocks that will bring quick money but the reversal could be disastrous. At least we know that no matter what they say, the market has the final say.

I also like UCAP (even though I hate company's associated with Tony) BUT I always try to remove extraordinary items when making my analysis. It is always good to understand the numbers.

I am surprised that people are disturbed by Oracle's post. Managing your emotions is basic to successful investing. Problem is that many are investing without a strategy/plan. They were told money can be made on the NSE, the saw the bulls and they felt prices will always go up, everyone became an expert.

For me, this is the time to step back and develop a real investment plan/strategy that first into your age, income, future plans and risk profile/appetite. . Filter out the noise and fire on!

If people IGNORE the daily price fluctuations, there are bargains on the NSE for the patient investors.

shigidi:
I have a question for you we can all benefit from. How much of your portfolio is in stocks and how much is in bonds at any time? Plus do you always keep some cash?

This is a personal question with no wrong or right answer. As at today, it looks like this

35% are in stocks (NSE)

15% in foreign stocks

35% in Real Estate

10% in Cash (Mainly Forex)

5% in Money Market in various forms

I keep cash BUT mainly in forex because I have forex exposures and help to hedge against devaluation. Cash to me is king. I like being liquid

I don't do bonds. Nothing against it though.