₦airaland Forum

Zagee:
Only long-term investors should be holding it.

make them no turned shellholders ooo

Geregu FULL offer transcoup full bid. FO just dey scatter everywhere

franktech:
No it is not greed comrade. I do more of investing than trading. So whether up or low i am in as long as the company is doing well. It is gets to 3.5 though is will jump out but i hope the stock goes higher for other investors

Lolllllllll 😂 your do more investing than trading where FO is? Go and ask those who bought Forte shares @36 when FO was exiting the company and has the share ever went back to that price again? I can't imagine lock down my hard earned money in such investment when I had opportunity to leave. I sold my FO share @42 cos I had insider info he was going to exit the company long before he did. In all your doings be smart. My 2kobo, we are in a generation of working smart and not working hard, we are in a generation of artificial intelligence and artificial intelligence doesn't work hard they work smart.

franktech:
I invested all in Transcorp and have really made good gains but i am hoping it goes to all time high. The company is good and have had profits year on year so moving to perm site won't be bad. Lets hold the stock firmly so that it will attain a new level

your greediness might send u to golgotha

Payunsin:
Otedola crazy oo. He can decide to dump all his transcorp holdings, make arond 60% gain an move on.
Boy yen ya were oo

he has nothing to do with the runing of transcoup na JIJO the guy wan do

yMcy56:
Who or what is FO?

Btw, NAHCO is gradually progressing.......
Sighted @11.60 now....

Where's Peter?
Seems he don exit Transcorp, also missing out on Nahco? Chai!!

Femi Otedola

yMcy56:
Well, it looks like some fund managers and maybe institutional investors are the ones with huge bids.....

Retailers looks cautious.......but they are having confidence because of them........maybe they know what we don't know yet.
**Just my opinion o**
Let's keep watching.......

* I deleted the post cos I don't want to be insulted or blamed for anyone's exit/entry decision.

FO also do jijo, when the price goes up he will exit

Harvestock01:
What are the likely priorities for the incoming government to spur economic growth? What companies are best positioned as beneficiaries from the renewed focus in each sector? The answer to this and many other questions would provide a good indicator of places for investors to take positions before the trains get to the station.

there will be bullish run in my own views for a while

ositadima1:
What happened in 1985?

Also happened in Oct 1965

Agbalowomeri:
And you the guy thinks it will keep falling after dividend Lol
Be prepared to wait for a couple of years sometimes before getting a reversal. Some people will soon look for zenith and GTCo @40 Lol

Nothing is certain in life only death is certain but as long as FPIs are not in yet oga I assure u I will buy zenith at #20 is a matter of time the price u mentioned happened last in 2017 when FPIs we're around. From the price history of all the banking stocks they attained those prices when FPIs we're around and after their exit they follow their usual cycle

Justcul:
So it is wrong to sell 900,000 units at 27 in 2021, buy it back at 19 in 2022

Do the maths and tell me how many units you would have if you reinvest all..

My point is, you need to be smart with money too..

Habert wigwe always sell access shares at high prices, buys them back at low prices

Oga, leave those people abeg, a friend was telling me how he intends growing 20m in zenith bank to 300m In next 12yrs not waiting for dividend just buy at 19 sell at 26 take the money to MMF then reinvest again when The Price is lower then finally settle down for dividend of 20m yearly na that time my closed eyes open that I needed to buckle up oo. Since he opened my eyes I have been thinking on how massive wealth can be made by being smart

Apitch:
9.12%

Thanks

Pls house what is the current rate of Stanbic nmf?

ucheson2:
Exactly
In fact that is the problem I have with Morgan and Meristem, whenever people need to rush in or out of the market that is when they will deliberately pause their websites. Later now they will come up with their usual maintenance excuse.

dont always chase price, if u had bought yesterday would have been fine. Bank once an ok wit q1 to q3 i will dive in at any lower price, u will be buying higher now

seyisanya:
The UBA rush!

uba

8.60
+0.60
(+7.50%)

Streetinvestor2:
Looking at ucap.Traders sometimes hammer. If I had sold all my holdings at #15 plus and buy back @11 plus.That would have been #4 multiple by many afolabi units. I was only looking at dividend because my BE is #1.

dividend Hunter u are coming up gradually, the truth is some up coming investors in which group I belong don't need dividend now build your capital before you finally settle for dividends. By then it be coming in. Millions

Agbalowomeri:
The code is Q2

will they do double of what they have been doing before

Princkez:
When are we expecting the big elephant result...FBNH? hopefully #1+dividend.

they may likely come to the market last.

Princkez:
I stand with you..

Even with the volume pushed out yesterday i dont need a seer to tell me it will fall after the dividends

Agbalowomeri:
I am placing a wager for both ZENITH & GTCo to move above 30 by July. Anyone?

oga i doubt this both are going south after the dividends

onegentleguy:
On TRANSCORP...

Performance was indeed a mixed one. Above par on some key metrics and below par on others.
But for the excessive ETR (effective tax rate), the company could have delivered a positive YoY NPM. ...an equivalent ETR to that in 2021 would've seen them book an approx 9.6% growth in NPM despite the obvious negative impact from input cost.

Total ETR witnessed an over 193% jump from previous yr guide (ref: 44% vs 15% in 2021)
Aside the 30% statutory income tax rate, the additional 14% was driven by pegs on excess dividend tax and deferred tax of approx N4.73B and over N7B respectively.

On the former, it's clear that the company's
past negative OP/EBIT or lower net income compared to gross dividend payout occasioned an additional tax burden on her total dividend amount... as against the customary charge on EBIT alone, if the situation were to be reversed.
The Gov't claims that it uses this rationale (from the finance act under CITA) to prevent tax evasion and to ensure an equitable/fair taxing policy for both profitable and non-profitable coys within any given financial yr, but I believe it's just a way of double taxing cooperations.
...Nigeria is indeed a funny place!

That's how TRANSCORP has paid out near N4.73B to the FG... an amount that would've translated to no less than 11 kobo additional dividend were it distributed among her shareholders.

On the former (deferred tax), it's logical to believe that the group decided to allocate that N7B+ as expense to cover up for some future tax liability based on its estimated taxable income.
Though that N7B+ figure was a 681% increase from previous yr expense, the company's total deferred tax which is skewed on the side of liability suggest that it will likely not be redeemable. (part or whole)

Suffice to say that cost-related pressure (ref: Ad Exp & input cost) occasioned by the hightened harsh operating environment as well as the booked loss on impairment to near N673M, (an over 268% increase from that in 2021) also added to the strain on PAT margin.
While many of these cost pressure were expected, management should've been more proactive at optimizing a few of them.

That said, I love the coys BS position and it's SCF. (best to look beyond their SPL)
...it's a mixed report for me.
Though they ended the financial yr with less NCPS, the coys FVE still prints an appreciable premium ahead of the combination of CMP + inherent risk. (ref: N2.47)

On a side note; part of the NTS reads that a total cash dividend of N214 will be dolled out to the shareholders of its subsidiary (TRANSCORP POWER LTD) in 2022... a near 70% increase from what was declared in 2021.
Reminds me of the statement; monkey dey work...

However, it appears that management might be communicating high confidence in the future prospect of the company following it's decision to convert its YE, 2021 dividend proceeds (near N2.3B) due the aforementioned subsidiary to equity, hence increasing her stake to 51.02% (previous: 50.89%)

Talking about dividend, the company has proposed a 5k payout for 2022 FY... a 150% improvement from it's comparable peg in 2021.

We'll see how the mkt reacts to their report.
It is well.

very bad result to me

leparj:
It's painful.
Throwing yr hard earned money away.
I have paid sch fees o.
Major sch fees I paid was on
Oando, Bank PHB, Daar Communication.

Geofluid PP, intercontinental bank, Oceanic, PHB, staco insurance, japaul oil Darcom are my school fees paid

emmasoft:
All declared dividend except otherwise stated is always paid less WHT.
Irrespective of the mode of the claim.

I think have come collected NFM dividend before wtout the seduction of WHT

Lion123:
My heart goes out to Oando shareholders. N141 billion loss whereas Wale Tinubu dey gallivant with Private jet. Heartless.

I sold my 100k units then about 7yrs ago when the price was still high, their constant coming out for right issue was a red flag for me and thank God I took the decision. My colleague later bought behind me at 10 naira then and JAT showed him shege I think he sold for 5naira. I will rather buy NPFmfb wt all my money than oando

Agbalowomeri:
Elections have been successfully held and winners declared. Why should anyone think May 29 has uncertainties?

Apt. Only God wish will make this not to happen aside the will God, nothing will make it not to happen. It has nothing to do with our emotions

BabsO2:
Bought the UBA today at N8 as it was standing still at my current buy price with more offers than bids. The market offers and bids just change directions like breeze . Waiting for their results and dividend declaration and what direction the market will drive the price. I can see some predicting N6. That can only happen if underlying earnings and EPS drops.

not now, after the dividend it will go down then move up again to around 8 to 8.20 then fall back to 6.60. This is my prediction on it.

emmanuelewumi:
From my layman's perspective I will choose United Capital over MTN after considering the earning quality, earning growth, dividend growth, working capital and valuation of both businesses


My opinion though

Noted

emmanuelewumi:
Did you read what I wrote earlier, you need to know how to analyze the earning quality/financial health, value creation ability and earning growth of the business




Do you know that the MTN you are so confident about has a negative working capital of over N400 billion, but the company is generating awesome revenue of over N2 trillion

Reason why i said they are incomparable despite the negative 400bn

emmanuelewumi:
MTN pays 90% of its earnings as dividends but the compound anualized earning growth is almost 26% with a return on equity of over 100%.

When you reinvest substantial percentage of your earnings without a very good earning growth over a period of 5years and improvement on the return on equity, management is doing a clumsy job and not creating wealth for shareholders.


Please note,i always make a provision of 33% discount whenever I use the annual growth rate and dividend yield as the basis of my valuation,l use the average 5 year EPS

u cant compare MTN ucap just one bad investment then their earnings turns negative.

emmanuelewumi:
Looking at my earning growth analysis the 5yr compounded annual earning growth rate of United Capital is 30%, I think that should be one of the highest on NGX, the current EPS is 43% higher than the average 5yrs EPS this does not look like a company whose growth will end soon, although I expect the growth to slow down to about 18% in the next 5 years.


One of my mentors said if the current EPS of a business is 20% or more higher than its average 5yr EPS, you should know that the growth is not slowing down soon

As much as i love your analysis, nothing is certain in life is only death that is certain. If involves in wrong investment like going into bonds investment and the investment goes south like what is currently happening in Ghana am sure it will affect their projected earnings at the end of the day so how will the same dividend be constant yearly. UCAP paid almost all their EPS as dividend that also to me am not comfortable unlike banks like zenith paying 3 from 8 naira EPS.

ositadima1:
In 2020, I purchased UCAP at 2.62 Naira per share, although some individuals may have acquired it at a lower price. UCAP provided a dividend payment of 1.5 Naira per share last year. Thus, a 15 million Naira investment would result in a 8.5 million Naira return, which translates to approximately 715,000 Naira per month over 12 months. Better than working a 9 to 5 in a lot of jobs.

Good analysis but what is the assurance that that dividend would be sustainable in the long run

Bizibi:
it won't be as easy as one would expect.... NIGERIA government is too slow in policy implementation and I pray the next government don't spend 7 months looking for competent ministers. I know the pain will last for 2 years and some months.....the next administration have alot of baggages to carry from the current government mess.

I have prepared myself because it will be rough.

Whatever the case is as long Nigeria stock exchange still exists and there's movement of prices up and down, money would still be made. Na my own take be that every other things na secondary to me.