₦airaland Forum

Happy Easter to all!
Let's not forget the message of Easter.....which is message of God's love and Salvation to the world. 😊

Meanwhile, TRANSCORP POWER is out!
- Dividend of 23.46bn declared for 2023 FYE
- More than half of this goes to TRANSCORP PLC

https://doclib.ngxgroup.com/Financial_NewsDocs/40773_TRANSCORP_POWER_PLC-_QUARTER_5_-_FINANCIAL_STATEMENT_FOR_2023_FINANCIAL_STATEMENTS_MARCH_2024.pdf

Corporate Action.....
JULIUS BERGER
Final Dividend: N3.00
Qualification Date: 31st May, 2024
Payment Date: 21st June, 2024
https://doclib.ngxgroup.com/Financial_NewsDocs/40740_JULIUS_BERGER_NIGERIA_PLC-CORPORATE_ACTIONS_ANNOUNCEMENT_CORPORATE_ACTIONS_MARCH_2024.pdf

CAP PLC
Final Dividend: N1.55k
Qualification Date: 31st May, 2025
https://doclib.ngxgroup.com/Financial_NewsDocs/40680_CHEMICAL_AND_ALLIED_PRODUCTS_PLC-CAP_PLC-_FYE_2023_DIVIDEND_ANNOUNCEMENT_CORPORATE_ACTIONS_MARCH_2024.pdf

More results....
https://doclib.ngxgroup.com/Financial_NewsDocs/40744_LIVESTOCK_FEEDS_PLC.-_QUARTER_5_-_FINANCIAL_STATEMENT_FOR_2023_FINANCIAL_STATEMENTS_MARCH_2024.pdf
https://doclib.ngxgroup.com/Financial_NewsDocs/40742__UPDC_REAL_ESTATE_INVESTMENT_TRUST-_QUARTER_5_-_FINANCIAL_STATEMENT_FOR_2023_FINANCIAL_STATEMENTS_MARCH_2024.pdf
https://doclib.ngxgroup.com/Financial_NewsDocs/40746_R_T_BRISCOE_(NIGERIA)_PLC.-_QUARTER_5_-_FINANCIAL_STATEMENT_FOR_2023_FINANCIAL_STATEMENTS_MARCH_2024.pdf
https://doclib.ngxgroup.com/Financial_NewsDocs/40741_MCNICHOLS_CONSOLIDATED_PLC-_QUARTER_5_-_FINANCIAL_STATEMENT_FOR_2023_FINANCIAL_STATEMENTS_MARCH_2024.pdf
https://doclib.ngxgroup.com/Financial_NewsDocs/40733_JULIUS_BERGER_NIGERIA_PLC-_QUARTER_5_-_FINANCIAL_STATEMENT_FOR_2023_FINANCIAL_STATEMENTS_MARCH_2024.pdf
https://doclib.ngxgroup.com/Financial_NewsDocs/40707_SKYWAY_AVIATION_HANDLING_COMPANY_PLC-_QUARTER_5_-_FINANCIAL_STATEMENT_FOR_2023_FINANCIAL_STATEMENTS_MARCH_2024.pdf
https://doclib.ngxgroup.com/Financial_NewsDocs/40718_MAY_AND_BAKER-_QUARTER_5_-_FINANCIAL_STATEMENT_FOR_2023_FINANCIAL_STATEMENTS_MARCH_2024.pdf
https://doclib.ngxgroup.com/Financial_NewsDocs/40677_TRANS-NATIONWIDE_EXPRESS_PLC.-_QUARTER_5_-_FINANCIAL_STATEMENT_FOR_2023_FINANCIAL_STATEMENTS_MARCH_2024.pdf

onegentleguy:
Nice job you're doing in keeping the forum abreast with recent developments/reports in the market.
...you are doing well!
More power to your elbow!

Thanks boss.
We're just emulating you our Ogas
Thanks for doing much for us too.
Well appreciated!
....and pls don't take any perceived negative comments to heart.....just continue doing your good works sir.
May God reward your selfless services bountifully IJN.

MORE CORPORATE ACTIONS....
UACN
Final Dividend: 0.22k
Qualification Date: 6th June, 2024
Payment Date: 21st June, 2024
https://doclib.ngxgroup.com/Financial_NewsDocs/40736_UAC__OF_NIGERIA_PLC.-CORPORATE_ACTION_ANNOUNCEMENT_CORPORATE_ACTIONS_MARCH_2024.pdf

MRS
Final Dividend: N2.36k
Qualification Date: 28th June, 2024
Payment Date: 2nd August, 2024
https://doclib.ngxgroup.com/Financial_NewsDocs/40731_MRS_OIL_NIGERIA_PLC.-CORPORATE_DISCLOSURE_CORPORATE_ACTIONS_MARCH_2024.pdf


Results....
https://doclib.ngxgroup.com/Financial_NewsDocs/40733_JULIUS_BERGER_NIGERIA_PLC-_QUARTER_5_-_FINANCIAL_STATEMENT_FOR_2023_FINANCIAL_STATEMENTS_MARCH_2024.pdf
https://doclib.ngxgroup.com/Financial_NewsDocs/40732_CWG_PLC-_QUARTER_5_-_FINANCIAL_STATEMENT_FOR_2023_FINANCIAL_STATEMENTS_MARCH_2024.pdf
https://doclib.ngxgroup.com/Financial_NewsDocs/40729_LIVINGTRUST_MORTGAGE_BANK_PLC-_QUARTER_5_-_FINANCIAL_STATEMENT_FOR_2023_FINANCIAL_STATEMENTS_MARCH_2024.pdf
https://doclib.ngxgroup.com/Financial_NewsDocs/40726_NIGERIAN_AVIATION_HANDLING_COMPANY_PLC-_QUARTER_5_-_FINANCIAL_STATEMENT_FOR_2023_FINANCIAL_STATEMENTS_MARCH_2024.pdf
https://doclib.ngxgroup.com/Financial_NewsDocs/40723_MRS_OIL_NIGERIA_PLC.-_QUARTER_5_-_FINANCIAL_STATEMENT_FOR_2023_FINANCIAL_STATEMENTS_MARCH_2024.pdf
https://doclib.ngxgroup.com/Financial_NewsDocs/40717_JAPAUL_GOLD_AND_VENTURES_PLC-_QUARTER_5_-_FINANCIAL_STATEMENT_FOR_2023_FINANCIAL_STATEMENTS_MARCH_2024.pdf

DrAkpamudehe:
Pls What is qualification date or when is a qualification date?

Qualification Date: A date in which shareholders who owns shares in a particular stock will be qualified to receive Dividend

Qualification Date is determined by each Company......and it varies from Company to Company

Example of DIVIDEND info from ACCESS attached...
Registrar is Coronation Registrars

DIVIDEND / DIVIDEND PAYMENTS
- This is earning season whereby Listed Companies will be declaring Dividends for 2023 Financial Year End (FYE).......some already announced....

- If you're a newbie who's interested in collecting dividends or you're a long termer, pls note that:

* You have to buy the particular stock on/before the QUALIFICATION DATE
* Dividends will be paid electronically to your provided bank account on PAYMENT DATE
* IF you're yet to register with the REGISTRAR of the said Company, you need to download the REGISTRAR's E-DIVIDEND MANDATE FORM, fill it and.submit back to the Registrar for processing/approval
* Remember to follow up with the Registrar and provide them with necessary documents as may be required
* After Qualification Date or CLOSURE OF REGISTER, you can sell the stock if you so wish, you'll still be paid your due dividend

** Pasting this here because of the questions received on similar issue**

Penboy:
Hmm.. Nice o.
What bank do you recommend ?

I think we should pay attention to banking sector in general......
In f.u.g.a.z. , you see that "F" and "A" there, na where I go pay more attention.....
There must be a reason why "F" recently announced the $$ man as a Chairman and other top executives appointed....
Tier 2 o, Tier 3 oo, na to keep keen eyes here also.....and be following news as e dey go.

lionshare:
Maybe at best we will have 5-7 tier-1 banks.

We are going to witness different events in the sector in coming months or year(s) ..........IPO, RI, acquisition, Merger, pumping, etc.
Interesting times ahead

lionshare:
https://nairametrics.com/2024/03/28/breaking-cbn-increases-capital-base-for-mega-banks-to-n500-billion-smaller-banks-n200-billion/

This new recapitalization no be small amount oo....
Deadline is 2026
This people with their gbelo-gbebo all the time......
*Those who cancelled their unissued share capital will now be blaming themselves......and will be planning to bring back IPO again!

Meanwhile, what about UNITY, JAIZ, NPF, LIVING TRUST, INFINITY, ABBEY, WEMA and other unlisted banks?
I think theirs will be N50bn...

ZENITH TRANSITING TO HOLDCO
* To convene Court Ordered Meeting with shareholders
* Meeting date is 26th April 2024
* ZENPAY Limited to come under direct subsidiary of ZENITH HOLDCO

https://doclib.ngxgroup.com/Financial_NewsDocs/40719_ZENITH_BANK_PLC-_NOTICES_OF_COURT_ORDER_MEETING_(COM)_-__COURT_ORDER_MEETING_(COM)_MARCH_2024.pdf

lancee:
I just rem my oga Mende M...Dem days when zee must be sold off once good result is released ..we see how this yr goes

Na the Ogas on top for ZENITH matter be that o.
Many things have changed actually.......we see how it goes this year....

ACCESS
ACCESS Holdings grows profit by +306%!
https://punchng.com/access-holdings-grows-profit-by-306-as-assets-hit-n26tn/

NAIRA CONTINUES GAINS...
1,300 @Official rate....
1,320 at parallel market...
https://www.thisdaylive.com/index.php/2024/03/28/naira-continues-gain-closes-n1300-at-official-market-n1320-1-at-parallel-market

IKEJA HOTELS
A good one!
https://doclib.ngxgroup.com/Financial_NewsDocs/40663_IKEJA_HOTEL_PLC-_QUARTER_5_-_FINANCIAL_STATEMENT_FOR_2023_FINANCIAL_STATEMENTS_MARCH_2024.pdf

lancee:
Waiting for F.u.g.z

Oga Lancee, could see you smiling well yesterday....
We've not been reading complaints from Nsempas on GT and ZEE again....

* Close to Ñ2bn transactions done in GT and over N2bn done in ZEE so far......no be small thing....

F.u.g.a.z. not backing down just yet.....

* Wonder what's wrong with this TOTAL
Dividend of N25 and selling at N346......yet stagnant..
DANGCEM dividend of N30 and selling close to N700!

CORPORATE ACTIONS.....

TOTAL ENERGY
Final Dividend: N25.00
Qualification Date: 23rd April, 2024
Payment Date: 17th June, 2024
https://doclib.ngxgroup.com/Financial_NewsDocs/40655_TOTALENERGIES_MARKETING_NIGERIA_PLC-CORPORATE_ACTION_CORPORATE_ACTIONS_MARCH_2024.pdf

SFS REIT
Final Dividend: N14.50
Qualification Date: 19th April, 2024
Payment Date: 14th May, 2024
https://doclib.ngxgroup.com/Financial_NewsDocs/40653_SFS_REAL_ESTATE_INVESTMENT_TRUST-CORPORATE_ACTIONS_CORPORATE_ACTIONS_MARCH_2024.pdf

Kwibaba:
Have their results been released? Why is zenith and Gt moving up when ACCESS whose dividend was declared has remained stagnant?

It could be FPIs activities (FPI - Foreign Portfolio Investors)
The type of funds entering the stocks are massive
ZENITH and GTCO are parts of their favourites stocks.....lol.
* Also, the dollar gangs may be taking position as $$ is depreciating against Naira

ACCESS may likely still respond too, especially if the positive momentum in the sector continues......and once others starts declaring their dividends as well.

Note that this is what I thought could cause it, it may be right or wrong....

GT, ZEE, UBA and ACCESS: Each has over N1bn in transactions so far....

ogoo4real:
Same with Zenith @43.25!!!

Yes.
I think with the recapitalization, more attention are shifting to banking sector, especially the tier 1 banks

Other sectors time too will come....

Streetinvestor2:
Pls someone should check on God is faithful

GTCO @51.40!!
This one just dey vex anyhow

ZENITH trying to do game of catch up.....
STANBIC @58
GTCO @50.15
ZENITH @41.70
FBNH @36.50

We await their dividend pymt for 2023 FYE

Not any form of advice.....just for comparison sake*

** Bank.....f.u.g.a.z. suppressing other sectors.......

MULTIVERSE
https://doclib.ngxgroup.com/Financial_NewsDocs/40616_MULTIVERSE_MINING_AND_EXPLORATION_PLC-_QUARTER_5_-_FINANCIAL_STATEMENT_FOR_2023_FINANCIAL_STATEMENTS_MARCH_2024.pdf
.

* GTCO eventually touched 50!!

UCAP is here!
https://doclib.ngxgroup.com/Financial_NewsDocs/40624_UNITED_CAPITAL_PLC-_QUARTER_5_-_FINANCIAL_STATEMENT_FOR_2023_FINANCIAL_STATEMENTS_MARCH_2024.pdf

UCAP Corporate Action
Final Dividend: N1.80k
Qualification Date: April 9, 2024
Payment Date: April 23, 2024
https://doclib.ngxgroup.com/Financial_NewsDocs/40633_UNITED_CAPITAL_PLC-DIVIDEND_INFORMATION_CORPORATE_ACTIONS_MARCH_2024.pdf


ACCESS
https://doclib.ngxgroup.com/Financial_NewsDocs/40621_ACCESS_HOLDINGS_PLC-_QUARTER_5_-_FINANCIAL_STATEMENT_FOR_2023_FINANCIAL_STATEMENTS_MARCH_2024.pdf

ACCESS Corporate Action
Final Dividend: N1.80k
Qualification Date: April 10, 2024
Payment Date: April 19, 2024
https://doclib.ngxgroup.com/Financial_NewsDocs/40622_ACCESS_HOLDINGS_PLC-CORPORATE_ACTION_ANNOUNCEMENT_CORPORATE_ACTIONS_MARCH_2024.pdf

Owoblowblow:
I wondered if anyone knows why most of these companies that usually release their year end results by first quarter of the new year ate not doing so this time. Usually , we would have received UCAP and Zenith dividend by now. Thank u

Your observation was right..
Around this time last year, some results and dividend declarations were already out......
This year, there has been postponement upon postponement of board meetings and quite a lot of companies filing for late submission.
* Think it has to do with some economic events or some other regulatory factors.........NAICOM approval for Insurance stocks and CBN approval for banks...
* We should be expecting some results anytime from now.

Krisuba:
Please do anyone know what morgan charges for urgent withdrawals??

1% of the amount.

emmanuelewumi:
There is a very highly liquid secondary market for fixed income assets where transactions running to hundreds of billions of naira are done daily. It is far more liquid than NGX.

Oga Emma, pls which market is this Sir?

ExcessKJ:
If I get your point correctly, do you mean that price of stock on NSE don't appreciate or depreciate until at least one single deal among all deal for the day traded 100,000 unit of that particular stock?

Yes.....
Just posted the Rule few days ago.
See it attached

** However, pls note that the last 100k single unit (or above) for a stock determines the closing price for the day.... irrespective of the time it's executed**

debeey87:
If you have a stock portfolio of over 50m,
Will you sell to generate fixed income of at least 10m given current rates of over 20%. If not how will you balance your portfolio to also take advantage of bothe the ngx and fixed income rates. Total annual dividend from same portfolio is less than 4m

Agbalowomeri:
This 50m portfolio could turn 30m

@Chillykelly8 I understand wetin I dey talk o, not expecting anyone to agree with me as per say I be amateur

See the scenario from debee and the response from Agba.......
My response to Agba was a view from another angle because I saw his response as one sided.

** Take note of "The total annual dividend from both portfolio as less than 4M" from Debee

If you say the 50M could become 30 in Equity, isn't there a possibility of it becoming 80 instead too??
* I wasn against diversification here, but saying if he's in profit due to picking those stocks cheaper, he could lock in his profit and move it to fix income asset.
** Truth is: Equity has higher chances of generating better returns than fixed assets**

Agbalowomeri:
He said current portfolio

Oga mi you know say na joke I dey with ur GTCO o.

I however think it depends on the cost price of the stocks in the portfolio..... Except he's insinuating that he bought @CPs
If for instance, he has Sugar @17, SALT @13, Conoil @18, MRS @12, SEPLAT @350, GTCO@17, ZEE @18 cost price, then we can't just conclude it could turn to loss easily like that..
I believed he must have weigh his options not to Rebalance the portfolio at loss sha.

Streetinvestor2:
Yes my oga but not when he is sitting on stocks like gtbank,lol

Gotten at grave robber price @ sub 20

ExcessKJ:
@yMcy56 please, if Morrison was not pump yesterday with a single deal of a volume of 132,093, then why didn't other listed companies not appreciate even more yesterday since some volumes were in millions. Regarding vwap, I found out is values traded for the day divided by volume for the day - which I believe should best indicate ideal price of that stock

Ok will do.

Give examples of stocks with million volumes with no corresponding price appreciation.
* Note that it's possible anyway, in as much as there's no single trade/crossing up to 100k or above.

Agbalowomeri:
This 50m portfolio could turn 30m

Could also be vice versa........50m turn to 80m
Oga Agba, your GTCO of 18 turned to more than double..

GT, ZEE, not doing badly in Market
f.u.g.a.z. generally