₦airaland Forum

OBAGADAFFI:
GSK
LINKAGE
Prestige Assurance Plc

Qstfh:
I hail o,.my people....

Please who has a contact for Veritas Registrars. Trying to sort out e-dividend mandate.

Thank you.

OBAGADAFFI:
Not true,

If you get a 12% dividend yield and the stock loses 11%.

Your dividend yield will increase.

Princkez:
Has any one received UBA dividend

ukay2:
UACN UAC UACN..........

Agbalowomeri is the WINNER

Heishere:
No mistake.

Heishere:
014489810
070023747783

BabsO2:
That the future looks uncertain. So they want to keep some extra cash in case of any emergency.

OBAGADAFFI:
Zenith EPS- 7.34
GTBANK EPS- 7.11
STANBIC EPS- 5.34

BabsO2:
That the future looks uncertain. So they want to keep some extra cash in case of any emergency.

Standardguy:
It seems only UBA account holders have received their UCAP dividend. Please anyone from another bank?

BabsO2:
A good company should have a goal to grow dividends and keep it steady. Not drop it for flimsy reason like UBA did for 2020 FY dividend.

samguru:
the sweetest dividend in the year 2021 don land ooo.

Thank you UCAP

emmanuelewumi:
...


GTB is about the only bank with stock options for their workers. Management and workers of other banks use their salaries or allowances to buy shares for themselves. If not the outstanding shares of the banks will be increasing, whenever new shares are allocated to workers. This is a major issue, I have with Seplat


With stock option the bank will need the approval of SEC, they will also inform SEC and NSE when the option are exercised, it won't be through purchases in the floor of the stock exchange

Ades1:
This is a good sign for what’s to come! Man paid an average of N22.40 and some people are still waiting for Zenith to crash to N12. I’ve been singing it and will continue to sing it, invest in these banks for the income alone! 11-15% in annual payment is not easy to come by these days. Buy when it is up, buy more when it comes down! The income (dividends) is what really matters!

Sold off Guinness today and will be buying hella Zenith! At current, higher or lower prices.

Lion123:
http://www.nse.com.ng/Financial_NewsDocs/198_ZBPLC_Notification_of_Share_Dealing_by_Insider.pdf

Zenith Bank CEO Ebenezer Onyeagwu just spent N110 million buying an additional 5 million Zenith Bank shares at N22.30 and N22.65.

What more assurance do you need?

Buhari might be horrible, and the economy might be shit. But these tier-1 banks especially Guaranty and Zenith will always eat good no matter how terrible the global economy is. If Nigerian banks could make big money in 2020, they WILL always make big money. I see Zenith Bank getting to N35 this year, and GTBank to N45...inasmuch as I want them both to come down so that I can pick up at bargain prices.

emmanuelewumi:
2020 was a good year for fund managers, that might not happen in 2021. It is prudent to under estimate your expected gains

robobo:
Hello Chief,

WHY did you make the above Risk Provision, and

HOW did you arrive at the percentage?

i would appreciate if you share your thinking

thank you

Ades1:
I started investing on the NSE about a year ago and I’ve never sold any of my purchases. My plan was never to sell anything and just continue to collect and reinvest dividends for 20 years, but oga Guinness is giving me sleepless nights now.

Currently up 55% on my Guinness investment but this one that oga Guinness has refused to reinstate dividends I am considering selling. I actually think there UBA, UCAP, and Zenith are not a bad investment to replace Guinness. Should I see? Anyone with any advice?

Lion123:
Apparently GTBank is finalizing arrangements to transition to a holding company. Might be the reason for the delay in results.

samguru:
Before you press that SELL button on UNITED BANK OF AFRICA PLC (UBA PLC) shares

Lets reason together;

*NPL (Non Performing Loan ratio) reduced in the year under review
* The Gross earning and profit after tax increased significantly
* No pending court case that that can claim up to 50 billion naira
* Directors of UBA are buying more shares
* Tony Elumelu and his family members are increasing their holdings in UBA


But at the end of the 2020 FYE, UBA declared a very poor dividend which is not as a result of poor performance.

Ok nah, you want to begin to dump UBA shares because of poor dividend and thrash their good performance to teach the board small sense.

I strongly believe UBA is embarking on investment drive in 2021 that will require alot of cash and that is the reason the company has retained a large chunk of the 2020 profit.

robobo:
im positive something is at play here. (maybe opportunistic acquisition, hence need for cash)

but the issue is that the market is not going to entertain anything like that. pple had wised up to the fact that what they eat (dividend) is what matter.

so you can expect maximum punishment for the rest of the week.

the bottom wld be quite deep particularly when there was no form of market warning before now (like profit warning / guidance or conference call hint during 6 month / 9 month result release)

market (worldwide including Nigeria) HATES surprises (like this)

it cld be fishing in the 4 - 5 range for a long time (minimum of 2 quarters) till the Management direction is known for such drastic drop in dividend payout.

N.B not an attempt to run down as im heavy here

seyisanya:
The offer will be very very full tomorrow!

robobo:
wey d result?

aremso:
Average down geng

DextrousDavid:
oh really?? ... thanks boss. noted!

ukay2:
Most likely will retain the N16 they paid last year....don't forget they used retained earnings to pay the latest year dividend

Next upward review of their dividend may be in 2-3years at N20 per share

..my thoughts though...

yMcy56:
UAC-PROP:
Loss for the year has drastically reduced..........this coy may launch into the profit realm by Q1 2021.
http://www.nse.com.ng/Financial_NewsDocs/32510_UACN_PROPERTY_DEVELOPMENT_COMPANY_PLC%20_AUDITED_FINANCI.pdf