₦airaland Forum

eddyakinrinde:
Ok got the gist better now. Thanks @Osita and yMCY56.
@ Mercy do you see their (Mansard)share price going up in coming weeks or months, going by their Q1 result. Thank you.

Mansard is not even supposed to be selling below N1 in the first place......
BUT, there's a share reconstruction phase coming in form of 4:1, this phase is still awaiting regulatory approval, reason it's delaying till now and MANSARD is still trading lower.
We've discussed this issue extensively here before.
Mansard lovers and long termers are picking .........but picking @ much lower price......observed from 90kobo downwards.
Hope I answered you in my own little way.

** Not an advice to buy or sell in any form**

ositadima1:
Ok, I see d bonus, what of d 25k from dividend. Who chop dat one?

Na me nah.
Buy, collect the bonus and give me the dividend.
Don't you see the bonus calculation there?

eddyakinrinde:
Elders, pls what does "share price adjustment for dividends" mean and especially in the case of Mansard, and how does it affect shareholders. Please I need an explanation. Thank you

Osita already answered .....with much grammar anyway. Lol.
"Share price adjustment for dividend" simply means deducting the declared dividend from the share price as at the date of markdown (next trading day after final qualification date).
It doesn't affect shareholders who doesn't sell immediately after markdown as such OR, who bought much cheaper......but may affect traders depending on cost price or market situation at the point/date of markdown.

For instance, Mansard closed at 90kobo before markdown on 22nd April.
Opened @85kobo on 23rd and still gained 0.05kobo on same day, to close back @90kobo.
All na investment risks. Nothing ventured, nothing gained.

OBAGADAFFI:
Which is the most valuable stock on this list?
Stanbic PE-9.54, EPS- 5.24
Zenith PE- 3.35 EPS- 6.65
GTB PE - 4.66 EPS - 6.69

Each valuable and unique in its own way.

Ades1:
Greetings oga.... Stanbic is about to give 1 bonus for every 6 shares held.... To you it is overpriced, to me it is not, that's why I have been buying.

Like someone don talk before, even if Stanbic drop to N20 today today, you go shift una goal post to N15.

To each his own.

Peter and Loco are now Paddies 'cos of Transcorp.
The day Peter is out, warnings will begin.

ojeysky:
I hope you bought at less than 35 but at the current price am not sure the dividend and bonus share combined is worth it. Time will tell sha...after markdown..

Marked down already and closed @N50 xtyday.

sonofElElyon:
Thanks.. I've got some thinking to do

You mean DD. Its alright.
Final qualification date is 30th April.
With above scenario, that's approximately 13% profit if I'm right.

sonofElElyon:
Do you consider this a great buy right now?
Risk is mine of course

Depends on your risk appetite and patience ability.
Linkage is a good insurance stock no doubt and the take-aways makes sense.....but apathy towards the sector is kil.lin.g" the good one's vibes....seems it's changing small small and some analysts are predicting better days for the sector.

Ok. Let's look at it this way:
If picked @85kobo and you bought 500k units for instance:

500k units X 0.85 = N425,000
500k X 0.05 = N25,000 (Dividend on 500k units)
2÷5 X 500k = 200,000units (Bonus of 2 for 5)
Total units owned = 700k units.

Let's say you sell @65k after markdown (trying to look at worst case scenario):
700k X 0.65 = N455,000 + N25,000 = N480,000.

N480,000 less N425,000 (cost price) = N55,000 profit (Assuming fees has been factored into the costs).

** The more the volume, the higher the profit
** Ability to buy cheaper than example price gives more profit.
** Ability to wait it out or average down after markdown an added advantage
** Liquidity ??
** Timeframe in view ??
** So answer your question yourself and do your DD.

currentprice:
which one be LivingTrust Mortgage bank plc ? cant find it on the daily price list

E Ku Vacation.
LivingTrust was formerly Omoluwabi Mortgage Bank.
That was how I asked the first time I saw it too.
Was listed under "Growth" Section and not Equity, reason you cant find it in the price list.
Una no dey check/read mail again?

Teeonly:
......

Hope you're good.
E Ku Resumption o.

alfajohn:
I want to accumulate zenith bank shares for long term is it advisable to buy now or wait a bit. Some analysts are saying the bears are around the corner. Gurus in the house please advise.

I'm not a guru......but I'll say, be buying in tranches.
Buy some if you see @22 or below, then be picking in tranches. If bear comes, it'll only serve as opportunity to pick lower again.
No one can time Mr. Market or tell you to pick at certain bottom price, the gurus can only give you likely support and resistance.
Since you're for long term, I don't think there's anything much to worry about.....only ensure to be picking when it dips(price falls) and control your emotions.

ACCESS: .......
Cross deals @7.50?

FBNH/UBA/ACCESS ...........all @7.50 muster point........to use safety terms. Who's taking roll call. Lol.
Race continues .......to determine the leader......lol.

LINK ASSURE:
For insurance and dividend lovers, oya take o..

Dividend: 0.05kobo
Bonus: 2 for 5 (2 new ones for existing 5units)
Qualification Date: 30th April, 2021
Payment Date: 26th May, 2021
Registrar: Centurion Registrar

https://doclib.ngxgroup.com/Financial_NewsDocs/33071_LINKAGE_ASSURANCE_PLC%20CLOSURE_OF_REGISTER__QUALIFICATI.pdf

jideflash:
abeg who fit borrow me just 150million for 6months only...

Lol.
Any good news from the Charts and Candles?

yMcy56:
UACN:
Seems some guys are deliberately placing offers at day's high to keep the price below till they're satisfied with their fill.........this has been observed for quite some days now........I may be wrong though..........still watching.......

Did anyone notice that those guys quickly removed their offers when it was going up?
Same thing they did for FBN sometimes ago.

GTB:
The resilience of this bank though!!

Elephant is vexing. Diamond wake up.

OBAGADAFFI:
Stanbic is overpriced

STANBIC back to N50 after markdown.

FBNH: Really mean ACCESS and UBA.
FBNH: 7.50
UBA: 7.50
ACCESS: 7.55
Watching out for the boss here......

UACN:
Seems some guys are deliberately placing offers at day's high to keep the price below till they're satisfied with their fill.........this has been observed for quite some days now........I may be wrong though..........still watching.......

AFRIPRUD:
Q1 2021 RESULT
https://doclib.ngxgroup.com/Financial_NewsDocs/33089_AFRICA_PRUDENTIAL_PLC%20_QUARTER_1_%20_FINANCIAL_STATEMENT.pdf

TRANSEXP:
https://doclib.ngxgroup.com/Financial_NewsDocs/33093_TRANS%20NATIONWIDE_EXPRESS_PLC%20_QUARTER_1_%20_FINANCIAL_S.pdf

NASCON:
https://doclib.ngxgroup.com/Financial_NewsDocs/33096_NASCON_ALLIED_INDUSTRIES_PLC%20_QUARTER_1_%20_FINANCIAL_ST.pdf

samguru:
Las las na court go separate me and union diagnostic

Lol.

UBA fast approaching ACCESS.....
UBA: 7.45
ACCESS: 7.55/7.60
FBNH on recess @7.40.....
Will ACCESS allow over-taking?
Not sure ........ but let's keep watching......
E Ku Market o.

Willie2015:
GTB MM will have to get busy from 2day...
We should expect it to hit 25 -26 very soon....
No more news till interim div again...

HOLDCo news is still there nah.......
GTB has some level of 'goodwill' though........if the HOLDCo is favourable, don't expect much downside singly........my opinion.

SOVEREIGN TRUST:
The type of report uploaded though.....
Scanned report from Businessday?
Improved result anyway......
https://doclib.ngxgroup.com/Financial_NewsDocs/33082_SOVEREIGN_TRUST_INSURANCE_PLC%20SOVEREIGN_TRUST_INSURANC.pdf

MANSARD:
Very good Q1 2021 Report
For dividend lovers, today 22nd April is the final qualification date for 2020 FYE dividend......
Dividend of 0.055k

UACN:
Back to support @10.50..........from early sell of to 10.10.....

*UNION DIAGNOSTICS*
@Samguru your company issued apology o.
SEC referred to First Registrar, First Registrar was clueless.
Seems they received more than enough complaints from investors, so they had to do something.
Next line of action is waiting for regulatory approval now.......let's see how long this takes again.

https://doclib.ngxgroup.com/Financial_NewsDocs/33080_UNION_DIAGNOSTIC_AND_CLINICAL_SERVICES_PLC%20PUBLIC_NOTI.pdf

FBNH giving Access and UBA a good run...
FBNH: 7.40
ACCESS: 7.50/7.60
UBA: 7.25

Don't forget that FBNH was marked down for dividend on 20/04/2021.

Stay tuned and keep watching how the race is progressing.......

E Ku Market o.

GTB, Zee, Fidelity inching up small small.......

Where is my oga talking about rain? Abeg come and clarify and talk in newbies' language pls.

ositadima1:
U are probably right, it has been moving up for a long time. Any news ?

** Juicy dividend + special dividend
** REIT bonus
** Disbundling from loss making arm
** Food inflation
** More profitable and promising outlook....

Pls where is CP - @currentprice ?

ositadima1:
I stopped calculating fair prices with the fundamentals. Cos it was toomuch work, finding balance sheets and income statements was beginning to cause me headaches.
I currently base my insights solenly on price action.
I think a 10 to 15% drop is possible. Guinness at less than 27 and UACN at less than 8.5 may work.
Pls do ur DD as always.

Ok thanks.
As for UACN, though anything is possible, but I don't see it dropping below 9 around this period.......
Support already formed @ circa 10.50.........
lets keep watching if it will go below......if it goes below it, then N10 is the next support.........
if it doesn't drop below 10.50, then next support will likely be N11......
Lol.

ositadima1:
They are most likely to pull back for a while and continue in there forward trajectory.

Osita, so what should be the fair price of UACN and Guinness?

E Ku Market o.

Alaska90:
Has Okomu oil declared dividend and bonus for 2021..... Anyone please?

Not yet......
https://doclib.ngxgroup.com/Financial_NewsDocs/32614_OKOMU_OIL_PALM_PLC%20BOARD_MEETING_RESOLUTION_CORPORATE.pdf

E Ku Market o.

Access marked down and sighted in the league of the Elephant, though Access is trying to give gap but Elephant too is not taking things lightly........... never say never in this market.....

ACCESS...... 7.60
FBNH......7.60