₦airaland Forum

ACCESSCORP
ACCESS BANK is back with the ticker "ACCESSCORP"........i.e. ACCESS HOLDINGS PLC.......

PZ sighted on full bid @10.20!!
Let's see if UNILEVER can/will rise to the challenge........the difference btw them has narrowed down to N3.10 as at now......

ZENITH : Marked down today.....to open with Ex-div price N24.10.......
Let the competition continue from here......with GT..
GT: 23.25
ZEE: 23.65........so far...

TRANSCORP CORPORATE ACTION
Final Dividend for FYE 2021: 0.02k
Qualification Date: 8th April, 2022
https://doclib.ngxgroup.com/Financial_NewsDocs/35386_TRANSNATIONAL_CORPORATION_OF_NIGERIA_PLC%20CORPORATE_ACT.pdf

PZ Q3 2021
PAT: +455% increase....
A good one from PZ.....
https://doclib.ngxgroup.com/Financial_NewsDocs/35381_P_Z_CUSSONS_NIGERIA_PLC%20_QUARTER_3_%20_FINANCIAL_STATEM.pdf

NB
SHARE FOR CASH DIVIDEND OPTION:
https://doclib.ngxgroup.com/Financial_NewsDocs/35379_NIGERIAN_BREWERIES_PLC%20EXPLANATORY_NOTES_%20_SHARE_FOR_.pdf
FORM FOR INTERESTED HOLDER:
https://doclib.ngxgroup.com/Financial_NewsDocs/35380_NIGERIAN_BREWERIES_PLC%20ELECTION_FORM_%20_SHARE_FOR_CASH.pdf

** Qualification Date already passed........the Form is in preparation for dividend payment ONLY.
** You can either opt to collect the dividend in cash or as new bonus shares.......can't be partly done..
** Fill the form ONLY if you choose to collect shares instead of cash.....and submit to First Registrar before 12th April.
** New shares will be pro-rated in accordance with your entitled Dividend.....and the average share price to use is N45.11
Payment Date is 22nd April.

BETA GLASS
Board meeting resolution:
** Proposed Dividend: N1.10k
** Proposed bonus issue: 1:5... i.e. One new share for every existing 5 held (In compliance with CAMA requirement for Unissued Share Capital).
Qualification Date: June 10, 2022
https://doclib.ngxgroup.com/Financial_NewsDocs/35374_BETA_GLASS_PLC%20RESOLUTIONS_OF_THE_BOARD_OF_DIRECTORS_O.pdf

MCNICHOLS
Proposed Dividend: 0.03k (three Kobo)
https://doclib.ngxgroup.com/Financial_NewsDocs/35376_MCNICHOLS_CONSOLIDATED_PLC%20_NOTICES_OF_BOARD_MEETING_(.pdf

GLOBAL SPECTRUM ENERGY
Voluntary delisting in progress...
https://doclib.ngxgroup.com/Financial_NewsDocs/35377_GLOBAL_SPECTRUM_ENERGY_SERVICES_PLC%20NOTIFICATION_ON_TH.pdf

Q4 AUDITED
https://doclib.ngxgroup.com/Financial_NewsDocs/35372_UNION_HOMES_REAL_ESTATE_INVESTMENT_TRUST_(REIT)%20_AUDIT.pdf
https://doclib.ngxgroup.com/Financial_NewsDocs/35370_CORNERSTONE_INSURANCE_PLC%20_AUDITED_FINANCIAL_STATEMENT.pdf
https://doclib.ngxgroup.com/Financial_NewsDocs/35369_MULTIVERSE_MINING_AND_EXPLORATION_PLC%20_AUDITED_FINANCI.pdf
https://doclib.ngxgroup.com/Financial_NewsDocs/35366_SECURE_ELECTRONIC_TECHNOLOGY_PLC%20_AUDITED_FINANCIAL_ST.pdf

GTCO, UBA
Quite a lot of investors are taking position here........from observation anyway...
Some are exiting while some are jumping in.......
So also Zenith, Fidelity......

MAY & BAKER
1. Proposed dividend: 0.30k.....subject to shareholders approval....
2. Directors to take steps to comply with CAMA 2020 on Company's Unissued Share Capital......including,but not limited to cancellation of such.
https://doclib.ngxgroup.com/Financial_NewsDocs/35361_MAY_AND_BAKER%20OUTCOME_OF_BOARD_MEETING_CORPORATE_ACTIO.pdf

FIDSON
Proposed Final Dividend: 0.50k..........subject to shareholders approval.
https://doclib.ngxgroup.com/Financial_NewsDocs/35359_FIDSON_HEALTHCARE_PLC%20ANNOUNCEMENT_OF_DIVIDEND_RECOMME.pdf

CUSTODIAN, ZENITH
Today 25th March is their final Qualification Date......

UPDC
Q4 Audited Financial Statement
https://doclib.ngxgroup.com/Financial_NewsDocs/35360_UPDC_PLC%20_AUDITED_FINANCIAL_STATEMENT_FOR_2021_FINANCI.pdf

WhoDeyThere:
Hello sir, please I'm interested in FMN shares, how can I get some?

This was just answered here:

yMcy56:
* You'll need to first register with a Stockbroker and a trading acct will be open for you.
* Then you fund it and start trading (buying and selling stocks).
* We have quite a number of digital brokers whereby you can trade by yourself.
You can however create time to be reading this thread from early pages, you'll learn a lot by yourself.
You can also ask questions on areas not clear to you.Z

Ajibade123:
alright thanks a lot. I will go through it
please can you suggest 1 or 2 brokers

We have quite a good number of them.....
I use Morgan Capital Securities Ltd.
There are other good ones such as: Investment One, CSL, Atlass Portfolios Ltd, GTL Mytradebook.....

Oga Mpeace I know say you be lawyer..... .....but before employing legal means, try and do small findings, this issue might not even be so hard like that, may be negligence on the part of someone....

Get your broker, CSCS and APR on their toes, involve SEC and let them sort it out for you thru email/phone calls....or if closer, physical visits.

Legal should come as a last option........but na my own I dey talk sha, una language dey different...... but with that, you still needed facts. Hope I'm not blocking someone case here....

Mpeace:
Ok thank you. If its the broker's fault then he needs to sue the broker.

Wait.......
Did you say the guy bought on the 4th? Cos I've been addressing the last qualification date thing.

If it was 4th, did Ucap appear in his trading portfolio?
Have you printed his CSCS statement and saw it there? Cos it's supposed to appear there latest the 2nd day.......
Did he fill E-Div form/transfer form and got approval mail from APR?
Try and cross check these.......and if Yes, APR guys needs to answer for it.

Someone gave APR's CEO direct email addy sometimes ago, can cross check for you, if needs be that you involve him.

@Mpeace
Involve the guy's broker, do some findings to be sure the error wasn't from them, or that their system doesn't have any glitch which delayed updating clients' records before the markdown date.....

Also check the date/time for the closure of register of the coy......before taking any legal step.
May be very hard to win such case against the Registrar.

Let this be a learning point for you, the guy and everyone too.

moneymanager:
The battle for number one position is over

Not yet over.....until it's over.

Tomorrow 25th is the last qualification date for Zenith as well........can't leave her twin brother.

emmasoft:
I don't think so. It's because GTCO was markdown today hence the drastic reduction in price. If Zenith was to be markdown today it will be in the same region. By Monday when Zenith is markdown they will almost be at par. The battle will be for a long time except one of them do something differently on the positive to get clear leadership as per price.

Oil dey your head sir.......in Pa Emma's voice.

Mpeace:
...I support him to sue because after the case his dividend should cover his legal fees and still leave him with good returns, apart from damages.

Ok. You should have sorted things out with APR first.

Mpeace:
Dont you think someone that bought on qualification date is qualified for dividends?

Of course, if you buy on the last qualification date, you're qualified.
We've discussed about this same issue several times here as well.
You know, some brokers are laggards, may not update data and records on time, the delay may cause some issues for registrars sometimes, more reason its advisable to avoid the last Qualification Date.......
On a good day with effective/efficient broking house, if you buy on the last day, you qualify.

ihedioramma:
What is GTCO ?

Lol. Pastor you've been away from this thread for a very long time o.
GTCO is Guaranty Trust Holding Company........formerly GTBank.

YESSConsulting:
Hello guys, if I buy GTCO today, can I still receive the dividends?

No. You can't.
If you buy today, you can only buy to position for price appreciation or for future interim/final Dividends again.

Mpeace:
You ought to, but the way some registrars operate, i doubt if they will have your name on their records today, as to qualify you for dividends. I am aware of someone who is currently preparing to sue afriprud should having failed to receive dividends despite buying his ucap on the 4th, before the qualification date of 8th.
If you buy today ensure u communicate the registrars.
I bought Ucap on qualification day, called them repeatedly to ensure the processed my edividend mandate. They requested my cscs statement (which i sent) as they claimed their records did not show i had UCAP

S/He is not qualified for Dividend again.

I hope you didn't make this same mistake for your UCAP purchase........because there's always a window ....after qualification date to capture those who bought on the last qualification date. The name must have appeared in the register by then.
Reason its always advisable for anyone interested in dividend not to wait till final QD.
GTCO was marked down today.....yesterday was the final qualification date, and already passed.
Can remember posting it here like twice yesterday self.
GTB categorically stated that the Closure of Register shall be Thursday 24/03/2022.

ihedioramma:
What of FMN ?

Pastor Ihedi, long time sir!
So you're still on NL?
E Ku Market sir..

FMN is not yet out.

Ajibade123:
please ma how can I get these dividend stocks too please

* You'll need to first register with a Stockbroker and a trading acct will be open for you.
* Then you fund it and start trading (buying and selling stocks).
* We have quite a number of digital brokers whereby you can trade by yourself.
* This question has been dealt with several times here.......but re-saying it cos I know how tasking it could be to locate such posts.
You can however create time to be reading this thread from early pages, you'll learn a lot by yourself.
You can also ask questions on areas not clear to you.

As for Trove, it's also for trading BUT not directly........so it's advisable to register with a broker.

UBA
Bargain hunters seriously picking amidst lullness in the market.......sold as low as 7.50 earlier, back to 7.70

ACCESS, FIDELITY: Also getting attn....

CAP PLC on full bid @19.80....

GTCO: Surprisingly, no rushing here by dividend hunters today being the last qualification date , Maybe those not already seated in the bus prefer to buy after markdown .........or maybe they're still coming.....

SmartMoneyGuy:
@log1,

You need to buy ymcy56 a delicious meal with natural fruit juice. this a great advice. All you need to do is DD and DD with DD.......
.....more important than DD is your investment or money psycology and strategy.

Lol. This one too is not bad.......but I can wait to get the delicious meal after making profits....

I hope the Oga knows that the advice wasn't cast in stone.....
The stocks that are perceived to be expensive may eventually not be expensive when other variables are factored in........coupled with news that may surface or surround the stock........and vice versa.

Bukkydudu:
Please has FBNH declared dividend?

Audited Q4 Result is not yet out.

BabaIbo:
Please I need more enlightenment on government bonds, for sometimes now it has been running through my mind but I don't know how to go about it.

Can you help?

You can visit below thread for more info.
You can ask your questions there.
https://www.nairaland.com/878880/treasury-bills-nigeria

You can also pick one or two things from here:
https://www.nairaland.com/1167218/how-invest-federal-government-bonds

kalkah:
@mcy, CP,
What is the implications for the shareholder .?

Foremost: Be aware that all companies with Unissued Share Capital has been mandated to get rid of it by December 2022 as deadline.....by CAMA (Companies And Allied Matters ACT 2020)

For CAP PLC:
1. A dividend of N1.25 Kobo has been declared for the 2021 FYE (Financial Year End)
2. Shareholders will be given an option to collect "New Ordinary Shares" instead of dividends
3. New shares will be pro-rated with the dividends entitled....e.g. if your entitled Dividend is 300k, you chose to collect New shares instead, your 300k will be divided by the share price asat the stipulated date (let's say it's N19), will be 300÷19=15.75.......this may be rounded up to 16.....or as the coy deemed fit on a ten-day average basis.
4. Deadline for communicating your decision is 7th June,2022
5. After completion of the whole process of issuing new shares to individuals who decided/opted to collect shares instead of Dividend, AND payment of dividend to those who opted for it, the company's Unissued Share Capital shall be deleted.
6. .......and it would have become an understanding that CAP PLC already dealt with her Unissued Capital and done with.

**Implications? No implications.......than for you to opt for new shares instead of Dividend or collect Dividend. There may be form to fill for this. The Coy is expected to communicate further on this.
** Na Wetin I understand be this.

@Lyydia
You can invest in:
** Sound fundamental stocks that are consistent with dividend payments.
** Government Bonds
** Treasury Bills, or
** Mutual Funds........ precisely Money Market Fund.

Search for T-Bills, Mutual Funds or Nigerian Stock Exchange Market Pick Alerts in the Investment Section to learn more.

kalkah:
@yMcy56, Why did you omit JB? What is your thought on JB?
Thanks...

Cos I don't have update on it for now....

Besides, the list in my reply to that Oga was in addition to the stocks he already mentioned.....which includes JB.
JB is for the extra patient ones.

UNILEVER
Another emergency board meeting to hold on 23rd March, 2022......
Think this time, with the new Executive Director in attendance......
https://doclib.ngxgroup.com/Financial_NewsDocs/35323_UNILEVER_NIGERIA_PLC%20_NOTICES_OF_BOARD_MEETING_(BM)_%20.pdf

UACN
Sighted @12.20!!
Something is brewing here......

The NGXGROUP guys are in market again!!

Btw, where's Peter?

From proposed dividends so far.........from 16 coys...
Who says dividend is not good......
https://nairametrics.com/2022/03/22/investors-to-earn-over-n780-billion-from-proposed-2021-dividends/

sonofElElyon:
Oh ok... So "E kuu market" is common parlance then

Yes. Na @Currentprice copyright.

FIDELITY
Sighted @3.10!! ....3.20!!!
How much dividend is the bank coming with this time around?

PZ Vs. UNILEVER
Both companies seems to be on recovery path......
PZ sighted @above 8......Gave dividend of 25k in Jan 2022....for 2021 fye..

UNILEVER on the other hand also exited loss position..........had dividend consideration as one of the agenda for the last Board meeting held on 17/3/22, also on the agenda was the deliberation on the issue of "Unissued Shares". Awaiting the outcome.

**Caveat: Just market observation. DD advised**

log1:
What are the strong fundamental stocks you can recommend? Thanks

Since you're for long term I think the fundamentally sound, consistent Dividend paying stocks will be more like it for you.......
The list you gave are good, but from my personal angle, if it's me, I'll remove Guinness and Seplat for now.......reason being that the current prices are high for me, you may consider them if there's pullback (price falls below CP).
F.U.G.A.Z is good.............no shaft there for me........and, you can actually take part in the coming dividends for F.G.A.Z "if you so wish" OR wait till after markdown before entering the bus.......

Stocks in Food and consumer goods are also good.
You can also do you DD and pick from the list.........Unilever, FMN, UCAP, NB, Fidelity, FCMB, APR, Custodian, Wapco, Vitafoam, GSK, Nestle, Total, Airtel, NGXGROUP.....
The two Oil palm stock prices have gone up OKOMU & Presco), you can wait for pullback and pick from the sector....
There are still quite some others in the Small, Medium and Big Cap categories......such as NPFMFB, Lasaco, Learn Africa etc.

**Note**
* Don't go for too many stocks
* Have a strategy in place.....to be buying more and topping up the ones you have whenever market dips (price falls)
* You have to fill E-Dividend forms for your stock picks and register with Nigerian broker with digital portal to be able to trade
* Deal with your emotions. Not healthy for any long termer to be watching and monitoring daily price movmts of stocks. Patience is a virtue here.
* Regular review and assessment is good for your picks.

* GTCO: The final qualification Date for dividend is tomorrow 23/3/2022.

Still typing......

sonofElElyon:
Abi na she?

No be she o.
It shows you didn't read past pages on this thread.......@Godisfaithful na one of the ogas at the top here....... Mcy na learner beside dem.

gbengafaro1986:
' Please i'm not really clear on the dividend explanatory notes on the Access Bank Corporate action....please explain to me like i'm 5years old

Lol at explain to me like 5yrs old...

Well from my understanding here:
1. Access Bank is transiting to HOLDCo structure..
2. Already got an approval to go ahead with the scheme of arrangement thru a Court Ordered meeting held with her shareholders....
3. The entire issued ànd fully paid up shares of ACCESS BANK PLC will be deleted..........and the same entire shares will now be re-listed under ACCESS HOLDING PLC.......
4. The process (in number 3) will be done before payment of dividend on April 28, 2022....
5. Payment of Final dividend of 0.70k will now come under "ACCESS HOLDING PLC (HOLDCo).......no longer under Access Bank...
6. Since the payment of the Final Dividend will be coming under ACCESS HOLDCO for the first time, it will be regarded as "interim dividend' ......'Interim' from ACCESS HOLDCO.......AND "Last and Final Dividend from Access Bank......
**Item 7** If you have Access bank shares, you don't have to panic, you'll all be moved to Access HOLDCo and still collect your menu (dividend) and continue from there ** ......just like GTB did.

That's what I understand it to be........ we'll get to know more details from analysts maybe later.