Tritri:
The Board of Directors recommended a cash dividend of 10 kobo per issued and paid up
ordinary share for the year ended 31 December 2016. This is subject to approval at the Annual
General Meeting.
Payment of dividends is subject to withholding tax at a rate of 10% in the hand of recipents.

Does it mean like 0.09 k after tax?

Intendy:


http://nse.com.ng/Financial_NewsDocs/16964_FCMB_-_AUDITED_DEC_2016_FINANCIAL_STATEMENTS_MARCH_2017.pdf

let me comment my reserve for now

locodemy:


You don suppose pass this level naw!.

Coolcash1:


I know nothing surprising will come out of their delay of accounts. Imagine just 10K...Common 10 kobo...DY <10% (based on current price)...Let the bears feast start tomorrow...

Loco, I hope you are still not in the bus ooo...coz tomorrow will be bloody!

shigidi:
http://nse.com.ng/Financial_NewsDocs/16964_FCMB_-_AUDITED_DEC_2016_FINANCIAL_STATEMENTS_MARCH_2017.pdf

rebekah2011:


You thought I was joking Sir. But the results is good and laced with plenty landmines. 29b forex gain to the rescue

Tritri:


Please ur wrong...10KOBO is 8% , current price is 1.25k....Meanwhile i have come understand that dividend doesnt determine market reaction...Look at zenith..GTB..different reaction then look at Nestle..UNILEVER....all have different reaction..tomorrow will decide.

Coolcash1:


I know nothing surprising will come out of their delay of accounts. Imagine just 10K...Common 10 kobo...DY <10% (based on current price)...Let the bears feast start tomorrow...

Loco, I hope you are still not in the bus ooo...coz tomorrow will be bloody!

locodemy:


I thought so.Anyway the result is very good.There is no cause of alarm here.share price is already in defensive mode and will continue to be.I expected 15 kobo but must appreciate them for giving 10 kobo.2.1m naira is a good return in investment 22m naira excluding the capital gain.I appreciate.

BullBearMkt:

Intendy:


I'm comparing grape with orange here cause they belong to same citrus family

BullBearMkt:

Tot the post was from my good friend Tritri... I later realised otherwise...

Intendy:


really appreciate your courage bro,but is this the best your money can fetch you? don't close your eyes to other opportunities that might be @ the corner.
all you need is the maximum return on your invested fund.

chimchris247:
any news about eterna....I want to load more of the stock tomorrow

locodemy:
I swear,tomorrow go bad for fidelity,diamond and sterling.No one among them can do 6 kobo.

locodemy:
I swear,tomorrow go bad for fidelity,diamond and sterling.No one among them can do 6 kobo.

duni04:
Paltry 8% yield, the lowest from the banks so far. This unforgiving market will chase it to sub zero where it belongs tomorrow. There will be crying and wailing tonight, especially by those that spent money "defending" the price at N1.3 and N1.2. When you're not a market marker

BullBearMkt:

...but good for FCMB

locodemy:


I would have added more to my portfolio but i will maintain the one i have there.subsequent cash including fcmb dividend will go to fbn.There is future for both stocks.I thank all of you who in one way or the other participated in this fcmb exercise/result waiting.Expect more from them.