₦airaland Forum

Mpeace:
I dont know where I read that it paid 35 naira dividend the previous year and then 12naira this year.
When divudend begin fall that is when he came to NSE to dupe sell some shares to us

Lol. Dem don chop the meat finish come throw us bones......
They'll still want to do some manipulations in NSE .....I guess they'll still take the price far small.... even if everything go come cast las las.....

Our own na to follow them chop, anyone wey no smart with the chop, na im know.

Mpeace:
For those that need geregu. Its available at 123.

Geregu wey never poo or vomit...
Na bull time we go know how far....whether im go still do bonanza....

Dum20:
That was how some people were waiting for Zenith at N5 for the past 3 years.

Lol. Nbst.

The Zenith seems to be making U-turn today again....
Their waiting continues...

GTCO: The buyers @17 also arrived market......
Let's wait for the dumper, maybe he's also in traffic

* Just an update*

debostar:
I am yet to receive my GTB dividend.
Please what do I do? Thanks

Have you been receiving before?
Have you filled Datamax E-Dividend Form and send your signed Transfer Form to your broker for uploading on CSCS portal?

If Yes, send reminder mail to Datamax and provide any other document (s) they may request from you.
If No, follow above process.

* Lest I forget, you need to be very patient till the issue is sorted out cos Datamax can frustrate sometimes.

This GT case, na siddon look levels we dey now....

sterlingD:
I am not seeing it listed on my stockbroker's p!atform

It's directly below FTN Cocoa

beejay1:
Brings back bad memories of AP PLC, Forte Oil......Hope the owners get it right this time, and not make investors lose money again.
I remember AP PLC shares back in the days going for 250 naira/share. Same owners, different companies

Whosoever wants to dine with these big boys will have a long spoon and be very smart.

GEREGU currently on full bid @N110.....

Risk takers will join them to chop...... See the pot belly supporter's group with 2M, 3M single bids.....
Maybe they're partly responsible for depressing the market self.....who knows..

GEREGU POWER PLANT
Listed today @N100 with "GEREGU" as the symbol (Coy Ticker).......
Jijoist food...

Huge cross deals in Zee and GT....
Maybe it has to do with end of a quarter.....

Huge bids sighted in GT @17.75 and Zenith @20......

**Just market observation**

GTCO: 135Million units, mostly in cross deals within the last few minutes of trading period. Over N2B staked here.
Any news?

LEARN AFRICA 2021 FYE dividend paid today...
GTCo's 2022 interim also paid today.....

UBN: Some coded pick-ups up to 6.50......buyers cautious of moving the price up........Could it be these Titan guys that are codedly mopping the remaining % on the floor??

Massive and huge cross deals in JAIZ.....
Also in STANBIC @30.......... ZENITH @20....

daddymgg:
What's going on with GT Bank plc,I am down with a loss of 1.5m. Pls someone should advice me.

gabscity:
I am 36% down on GTCO which is like 80% of my total portfolio. Me too I need advice.

I know I'm not worthy to advice you o.......but when I see this kind of posts, it moves me.

I think at this point, capital preservation will be the best bet.
What I mean is that, you have to be very patient. We've been in this type of scenario before. That time, it was even worst because it cut across the whole market.....but respite eventually came.

Like someone asked that time about this same GT, my advice then was to remain patient and control emotions; don't sell at loss, plan in your mind to convert to dividend stock for now, and if possible, stop logging in to your trading account to be checking and calculating the loss. If there's enough spare funds, you may wait for bottom-bottom to pick more when reversal is sighted.

GTCo's results released so far were not that bad to warrant this huge shedding and dumping, some internal forces may be at play, especially since the demise of the owner...coupled with the economic situations in the country and across the globe.

Let's be hopeful that things will turn around for good in not to far distance.

thesilentone:
There is no respite for GTCO at the moment. The Selling pressure/volume is significant.

Hhmmm.
Let's see if the 17.50 support will hold.
Like you said, this week's trading is important to GTCo.
Touched 17.75 briefly yesterday and quickly bounced back..

* I cautiously scanned thru today's price list.......and surprisingly, there wasn't many "reds" as may be expected..
* Some stocks reversed the shedding towards closing time...
* Can see only GTCO seriously beaten.....
* It is well.

ARDOVA
Tomorrow 29th is the AGM...
Seems some guys are picking ahead of AGM...
Watching......

Lol. Make Una no vex o....street not smiling......just been watching this for sometimes now.

ebuka1997:
I laugh if you think a lot of farmers actually got that money, it’s called reallocating money to a different owner.

Money didn't get to quite a larger % of farmers.
They were diverting the funds.
The farmers were lamenting.

@essentialone
You can be posting links to those newsletters after short description of what it entails.......to save space.
Those Director names and ordinary biz agenda is actually not necessary.
Thanks.

Olaide1295:
I am a bit liquid and considering my options:
1. Invest in NSE and load more FUGAZ (I wanted to do this but the rate hikes means I only love stocks that give >15% dividend returns)
2. Buy USD (At 720/$, I don't know if this is a good idea)
3. Buy T-Bills and stay liquid
4. Buy Bonds and get ~10% annually
5. Buy Crypto
6. Invest in land/property
Any suggestions? Open for comments

* For me, I'll still go on stocks......
* Some stocks are currently at >15% yield , some may join out of fear of interpretation/mis-interpretation of CBN's moves and fear of unknown, thereby making them more attractive.....
* Quite some inconsistency in Naija economic policies, and the fact that CBN can just wake up one day and bring up another policy again.....that may again alter things.....
** Campaign period is here and in less than 6 mths, we'll be done with it........we only pray it comes and goes smoothly........
** Thereafter, Dollar may not appreciate much higher again (already high @720 in my opinion self).....and buying at current price is risky....

** My amateurish opinion.... I no be Economics person.

**NB: Investing in land and properties in good area too is a good venture..

BigBashiru:
The problem I have with CBN and all these their silly language... banks help no one actually... yet they are always talking of silly I & E window and "mopping up liquidity" - whatever that means...

Ordinarily, this is supposed to slow down the inflation rate, reduce too much money in circulation and improve the economy..,...
..but it has its other side effects too because there are other measures that ought to go side-by-side with it, which doesn't seems to be in place for now.
My own little understanding of it o.

We hope this campaign and election goes already, so we can at least feel relieved in the country.

CBN to mop up liquidity from banks
https://nairametrics.com/2022/09/27/cbn-to-mop-up-liquidity-from-banks-by-thursday/


ZENITH Staff Providence Fund mopping Zenith shares......
Over 35Million shares exchanged hands yesterday alone!!
https://doclib.ngxgroup.com/Financial_NewsDocs/198_ZBPLC_Announcement_Notification_of_Shares_Insider_zspf_September27.pdf
https://doclib.ngxgroup.com/Financial_NewsDocs/198_ZBPLC_Announcement_Notification_of_Shares_Insider_ZSPF_September26.pdf

Quite a lot of transactions in the banking stocks.......
Could this be one of the reasons?
Are the Fund Managers stepping in to buy? Ahead of what? Do these people know what common man don't know?
We needed explanation on the correlation......

pluto09:
The issue with mansard is about their ability to pay what they paid last year as dividend going forward.
The half year result was disappointing to say the least. Investors don't like uncertainty.

You're right sir.......but did you check Q2 or are you referring to Q2, 2022??
I know I'm an amateur but one thing I again look at is their peak periods too........but what do I know.
* Anyway, market already slashed the price into 2 so far....
* We may have to study the Q-Q results to have idea of their best Quarters and maybe draw inference from there first.......
Lol. Don't mind me, I already said I'm an amateur.

** Chai!! Can see why some don't believe in reconstruction....we hope the MM will wake up like in the case of NEM, Wema and Multiverse.
** Mansard shouldn't be trading below N2 at least..

Mfunkynation:
please what can you say about Mansard and Custodian

Depends on your investment goals...
* Good for pick........
Mansard for Medium/Long termers......while Custodian is especially good for dividend hunters with long term in view.
Making use of low price opportunities in the market to be picking in tranches also good.

@1.60, Mansard is selling @0.40k (pre-reconstruction)
This is the same Mansard we queued to buy and 0.80k and couldn't get to buy that time.....if I still recollect very well). It's now selling @0.40k!

Post reconstruction opening price was 3.32 or so.....

Huge crossings in VITAFOAM today @20 and 20.05.....
..
Just market observation, transactions are being carried out by insiders, it may or may not go below CP.

* Year End is September.
* Corporate Info usually comes out in Dec..
* Watching...

ZENITH: Quite some volumes ....

OBAGADAFFI:
MANSARD 1.56, is now below Nominal value N2.

With a Dividend yield of 15.63% @N1.60....
Whosoever will mistakingly see Mansard at N1.50 and didn't buy, is definitely not interested in Insurance sector or has fund issues.

thesilentone:
GTCO is searching for oil but it has a price rejection point.
The buyers have showed their hands, let us see how far the sellers are willing to go or how strong they truly are.
There will be no bell ringing when power changes hands.

So, what's the next support now?

Backpedal:
Does it also apply to zenith bank too ?

All Registrars.

The good news is that, some Registrars are now making use of CSCS automated E-Dividend payment Window....
Meaning, you still get your Dividend paid even if you don't fill any form for the Registrars that already upgraded to this.
** However, you must have submitted a duly filled E-Div form to one or two registrars before, and that the form was accepted and uploaded in CSCS Window.

** Quite a handful of investors have received Dividends without filling any form to the particular Registrar at any point in time.

*** Cardinal Stone, EDC Registrars, Meristem, etc...are now paying thru the Automated Window.
*** Surprisingly, it seems ZENITH Registrar, VERITAS is also coming on board.

thesilentone:
Please can anyone point me in the direction of the rule book regarding corporate disclosures.
Thanks

https://doclib.ngxgroup.com/Issuers-section/corporate-disclosures/company-results

Oh! Ok! The Rule Book......

* ACCESS made U-turn amidst market vawulence today .....to closed @8.75/8.80 from 8.30.....
* FIDELITY also moved against general market situation.......closed @3.77
* UBA........in last minute U-turn Ex-interim Div........ Opened @7.20, went as low as 7.05....closed @7.30....

GTCO on the other hand closed @18.80!!
Wonder what the internal issue is/was with this bank
* Let's hope it will halt this shedding soon......cos it's getting close to 2020 COVID-19 lowest price of 16.70 or so......
ZEE: Closed @19.95!! GTCO's effect?? We don't know yet......but quite a lot of accumulation at this junction though......high volume today as well...

thesilentone:
Quiet accumulation is taking place in certain names.

Don't confuse looking with seeing.

ZENITH, FIDELITY......
ACCESS.....

As for VERITAS' name arrangement, VERITAS was very correct.
It has always been Surname first......
Followed by last name, then followed by middle name.

As it is, you have to write CSCS for name correction and carry your broker along in the process.

BigBashiru:
For receiving dividends which is faster?? Sending e-dividend mandate form to the Registrar or taking the e-dividend mandate form to your bank??

Sending duly filled E-Dividend form to Registrar....
Or filling the form on the Registrar's portal.

Ginaz:
with the attitude she gave me just now. I dont want her to be closed to me. i don't need insults from a girl my younger sister is older than.

@Op you did well.
Those teenagers could be forming sometimes, just ignore her attitude and behave normal towards her she'll come around. She might just not appreciate the way you put it, thinking you embarrassed her.

It's very good you called her attention to the armpit smell. We ought to be doing that especially if we notice such, could be very disgusting. Quite a lot of them don't know about roll-on.

Could remember one as well.
I didn't go straight......first asked her which type of perf or body spray she uses, she said none.....
Again asked which type of roll-on she's using, said none.
So I came in from there and she was happy.

Think the way we pass the message across matters too.

RabbiDoracle:
This will lead to widespread buying of everything in all market. This will cause more inflation and more global asset bubbles.

There is a last leg of global rise of everything waiting to happen.

One thing I believe is that Oga Oracle's predictions always comes true.
When is another thing, he doesn't control time or countries........but we'll be expecting it.
We'll be on the lookout......
Call me whatever name una like, e no concern me.
Sha go and be looking for money to be a partaker when time comes or if in market, be hopeful.

essentialone:
Pace Registrars has won the award of overall Worst Registrar in Nigeria.
This is the Registrar in charge of Japaul, Sterling Bank, Academy Press, and some other unpopular companies.
Even reputable companies in Nigeria have come to avoid Pace Registrar like a plague.

No such bad experience from my angle in the past.
In fact, I'll say Pace Registrars is one of the best ones.
Maybe if you can state your experience like someone said, it'll help understand what the matter was.

BTW, FIDELITY paid earlier than scheduled.......
Paid on 20th Sept instead of 30th earlier scheduled........A good one from FiDE.