₦airaland Forum

Raider76:
Liquidity is an issue for me.

It's a stock mostly for dividend investors.....
So also CAP........and few others like Betaglass and Co.

You'll just be picking in pieces once the price is down or if you can get your broker to cross for you.
The price touched 17 or so before reversing up.

igbosoro:
Hello, Please what is driving con Oil to almost full bid, The Bid far outweigh the offers.
I appreciate response from the ogas on any hint. @mcy56, @samguru, @megawealth, @locodemy,
Thanks

Outstanding Q2 result....
Profit After Tax (PAT) of +213.7%
EPS of 153 in June 2021.......as against 49 in June 2020
Positive momentum and Dividend/Cap appreciation hunters at work.
https://doclib.ngxgroup.com/Financial_NewsDocs/33939_CONOIL_PLC%20_QUARTER_2_%20_FINANCIAL_STATEMENT_FOR_2021_F.pdf

phemmie06:
.
GSK was marked down

If this is the case, then they may try to push the share price beyond 1.5 before markdown.......
Don't know how possible this could be anyway......considering the qualification Date which is 13th Aug.
We see how it goes.....

ukay2:

You funny madam.
Butit's good they are folding up with goodies...
What of the dead among the living stocks like Daar communication plc, ABC plc etc

Doc, seems you still have this shell......,.cos this your laugh is suspicious.
Continue to have faith on the remaining "dead among the living stocks", maybe one day dry bone fit rise again.........or they too will sell asset and share your money back to you.

phemmie06:
Please, if the stock is marked down wihout getting to N1. 50k (dividend declared) what will be the ex dividend price of the share?

You self.....
Will be 1.5 minus 0.64 nah, which equals (-0.91) if it closed @0.59 before qualification Date .......lol.
Nah joke.

**Anyway, the payment won't be reflected in the share price I blvd. It's a one off payment, so no implication on share price**
This is my opinion. I may be wrong.

.....

samguru:
https://doclib.ngxgroup.com/Financial_NewsDocs/33945_CONSOLIDATED_HALLMARK_INSURANCE_PLC%20PROPOSED_INTERIM_D.pdf

We dont want any 2 kobo dividend joor.
Abeg, add the money to retained earnings, you still have a long way to go to meet the recapitalization target.

2nd insurance coy to commence interim dividend.
Oga, it's a good thing from that quarter. Dem try. The Q2 result was very good.

We may not know if they're considering merger, private placement, acquisition or whatever to meet up with the recap.

Also, the shareholders may decide not to collect the interim dividend and advice them just like you said. That one is left to them.

samguru:
Meyer PLC is our ancestors stock ooooo.
My dad has been keeping his tasere units for over 25 years.

LoL.
Any unit you see from now on will be purely crossing..

Raider76:
This amazing. So the management of this company have no idea how to expand the business with the cash they have than to share it out for consumption by the owners and shareholders.

I wonder o.
They even called it "interim dividend", maybe final Dividend is still coming..,.
Maybe the company is folding up......or selling off.

samguru:
If you buy this share at 64kobo and wait till qualification date,it implies you have gained a lot even if the company collapses in the future.

In a nutshell, Meyer PLC is a risk free investment at current price

Honestly!
There are some crossings @54k or thereabout sometimes ago.
So, lots of holders are even holding below 60k self.
GTL will make a ki.ll here.....

megawealth01:
Have the payment date being announced?

Yes.
Qualification Date: 13th Aug. 2021
https://doclib.ngxgroup.com/Financial_NewsDocs/33916_MEYER_PLC%20CORPORATE_ACTIONS_(MEYER_PLC)_CORPORATE_ACTI.pdf

No single drop since market opens.......holders holding very tight.

otokx:
i don't think they have paid dividends in a long while to the GDR holders.

Ok. I don't know anything about this.

samguru:
Its special dividend declared as a result of the disposal of their asset.

Wow! That's great. Thanks.
Late info cos it's already on full bid @64k and very illiquid.

MEYER
Dividend: N1.50 .....for a stock trading @0.59k as at yesterday?
@Salanda or anyone wey sabi pass me, come explain o.........Thought a company cannot give dividend above it's market share price?

HONEY FLOUR
Massive sell off.......Any bad news?

otokx:
What happened to GTB GDR?

Nothing do am.

samguru:
From the insiders

Access bank was good with interim dividend
UBA good with interim
Zenith bank average with Interim dividend
GTCO not to good
Stanbic IBTC below average
Fidelity Bank good

Hhmm. We wait to see it.
I'm sure GTB will pay interim dividend too........if result is not too good, then it could be the transition to Holdco pal.ava.

Raider76:
Morgan has done something about the problem. I can now place sell/buy orders. But the Market Orders section shows only one line, so I cannot have a good picture of the bid/offers to make an informed bid. I wonder if this is the case with everybpdy.

If you're using Desktop/laptop, double click on the coy name you wish to view the offers/bids.....

If it's mobile phone, you'll see a tiny arrow in front of the coy name, click it and select "market order"...
Then click "by order" or "by price"...
It should display it.....
....but note that premarket can only show you the highest bid/lowest offer.

Raider76:
Na so dem go copy US NASDAQ style for dem corporate symbol.

LoL.
Seems everyone is just so relaxed and doing what they like there.
Nobody is overseeing anything.
Imagine Union Diagnostics still holding unto people's monies till now, going to a year now if not over, yet no single word issued by SEC and no action taking.......

We are still awaiting the banking results and the tier-1 dividend announcements.......

SEPLAT is doing well.......quarterly dividends seems to be the new thing in vogue now.....

In another news, SEC's corporate disclosure section is very unserious, one document was uploaded more than 10 times for Cadbury, Airtel, Mcnichol and few others...
Even if it's network or server error, aren't they supposed to delete the duplicated copy?
Just an observation anyway....

veecovee:
pls how's STI result? I mean H1

Pastor Vee, STI's result is good.....
PAT increased by +16%....
Think the best bet for now is to average down, if picked higher, then to wait for outcome of the board meeting held on 29th July.
If unfavourable, then, 'to your tent oh Israel'.
I actually expected something positive from that angle but guess we may never trust all these Coys until they chunk out nice goodies..

[quote author=samguru post=104349145][/quote]Ok thanks.
Will recheck.
Still an impressive result nevertheless.

CHIPLC
Outstanding Q2 result....
PAT over +240%......
https://doclib.ngxgroup.com/Financial_NewsDocs/33913_CONSOLIDATED_HALLMARK_INSURANCE_PLC%20_QUARTER_2_%20_FINAN.pdf

CUTIX.....
Seems some profit takers are at work because of the far date of qualification, If you're in, just stay calm, they're coming back.........they wants to depress the share price first, so they can re-enter at lower price.....

CUTIX
SEC approved......

Final Dividend: 15kobo
BONUS Issue: 1:1
Qualification Date: Nov 12, 2021
https://doclib.ngxgroup.com/Financial_NewsDocs/33895_CUTIX_PLC%20CORPORATE_ACTION_ANNOUNCEMENT_CORPORATE_ACT.pdf

Raider76:
Thanks. Will try it Monday.

How far?
Did you try it?

OANDO
AGM coming up on 31st Aug, 2021.......to consider 2018, 2019 results...
Oando settled with SEC outside court already......
To appoint Directors to settle with other parties......

https://doclib.ngxgroup.com/Financial_NewsDocs/33906_OANDO_PLC%20_NOTICES_OF_ANNUAL_GENERAL_MEETING_(AGM)_%20__.pdf
https://doclib.ngxgroup.com/Financial_NewsDocs/33711_OANDO_PLC%20OANDO_PLC_ENTERS_INTO_A_SETTLEMENT_WITH__THE.pdf

Cc: @Locodemy
Let's keep eye on this space.........after release of results, we'll know how far with this coy.......
E fit be another stock to make us smile or.....

NettyNelly:
Would really appreciate if you guys can put me through this NSE market with recommendations , opinions , trading platforms and relevant data sources that would help expand my knowledge of NSE.

PS: Your replies would help build a future for a Nigerian undergraduate with zero hope of getting a job.

This forum has taking care of all you may want to know about stock investing, you'll need to create time to go thru some pages of this thread cos taking time to attend to individuals will be tasking on the part of the ogas.

To narrow it down, you may want to click on some monikers to go thru their past posts, it will go a long way to assisting you....
Monikers like:
@RabbiDoracle @Emmanuelewumi, @WanajO, @Onegentleguy, @BullBearMarket, @Locodemy @infinitisi ...,...and some few other ones I can't remember to mention now.

veecovee:
pls how's STI result? I mean H1

Not able to download it yet......don't know why they didn't reduce the file size.
Will post once I'm able to do that.

Raider76:
Do you need a special status on Morgan to bid between 9.30 and 10.00am? My own definitely does not allow me until 10.00am.

No!
It's open to all customers.
Try it on Monday, and if it's not going, contact Morgan Customer Care.

**Let me add that you can't place bids/offers once it's 9.55am to 10am, in case you tried to place around that time**
That's the rule.

Raider76:
For Morgan you can only bid from 10am. I don't know others.

You can bid from 9.30am.
Pre-market starts from 9.30am to 9.55am
Pre-market MM section from 9.55 to 10am
Main market starts from 10.00am to 2.20pm
MM section from 2.20pm to 2.30pm.
Market close at 2.30pm.

*Modified*

megawealth01:
Na the magic sha but if it scale through on Monday eh

One time will be one time sha......e go be like play like play.....
When Tony and his boys are ready, they can successful move it.....and do reconstruction later......so I blvd.

Raider76:
Just to add: 98m shares sold and 117m shares bid.

Too much liquidity is the problem with this stock.....just one person can supply all the 117Mbids..
While some stocks are battling illiquidity, Transcorp is battling liquidity......

What Oando did in about 5 days, I don't think Transcorp can do it in 3 days. Let's see if it'll be different this time around.......

Seems FIDELITY result is coming........
We're waiting for it......let them not disappoint o.