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Re: Nigerian Stock Exchange Market Pick Alerts by Jerekre(m): 5:14am On Sep 14, 2022 |
Diyke4rich:13th September |
Re: Nigerian Stock Exchange Market Pick Alerts by emmanuelewumi(m): 5:43am On Sep 14, 2022 |
emmasoft: The upward money of MMF rates is not too good for the stock market 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by emmasoft(m): 6:17am On Sep 14, 2022 |
emmanuelewumi: True. The two always on inverse relationship except in cases the economy is doing well and more foreign inflow find their way in. |
Re: Nigerian Stock Exchange Market Pick Alerts by essentialone(m): 8:24am On Sep 14, 2022 |
*�Final Dividends Paid/Payable in September So Far* • FMN *✔️(Paid)* Prop Div.....N2.15 PD....Sept 8 QD....Aug 18, CDR....Aug 19. Paymaster; *Atlas* • NNFM *✔️(Paid)* Prop Div.....25k PD....Sept 9 QD....Aug 23 CDR....Aug 24-26. Paymaster; *Atlas* • UPDC REITs Prop Distr.....17k PD....Sept 14 QD....N/A CDR....Sept 5 Paymaster; *First* • UBN Property Prop Div...2k PD....Sept 22 QD....Sept 16 CDR....Sept 12-16. Paymaster; *CardinalStone* • Afriland Properties Prop Div....10k PD....Sept 23 QD....Sept 5 CDR....Sept 6-13 Paymaster; *African Prudential* • Academy Press Prop Div....10k PD....Sept 29 Bon....1 for 4 QD....Sept 16 CDR....Sept 19-23. Paymaster; *Pace* • University Press Prop Div....10k PD....Sept 29 QD....Aug 31 CDR....Sept 1-6. Paymaster; *GTL* • Learn Africa Prop Div....20k PD...Sept 30 QD...Sept 9 CDR....Sept 12-16. Paymaster; *First* 5 Likes 1 Share |
Re: Nigerian Stock Exchange Market Pick Alerts by essentialone(m): 8:25am On Sep 14, 2022 |
*Interim Dividend & Bonus Monitor 2022* ��� _(Tracking & Compilation Monitor)_ � *(A). Interim Dividend* *• Fidelity Bank* ID... *10k* PD....Sept 20, QD.....Sept 12 Paymaster; *First Reg* *• Stanbic IBTC* ID... *N1.50* PD....Sept 21, QD.....Sept 6 Paymaster; *First Reg* *• UBA* ID... *20k* PD....Sept 29, QD.....Sept 22 Paymaster; *African Prudential Reg* *• GTCO* ID... *30k* PD....Sept 30, QD.....Sept 20 Paymaster; *DataMax Reg* *• UPDC REIT ✔️(Paid)* ID... *18k* PD....Jan 10, 2022 QD.....Dec 30, 2021 Paymaster; *First* *• Access Holdings ✔️(Paid)* ID.... *70k* PD....Apr 28 QD....Apr 19 Paymaster; *Coronation* *• Seplat ✔️(Paid)* ID... *2.5 Cents* PD....June 24, QD.....May 30 Paymaster; *Datamax Reg* *• MTN Nig ✔️(Paid)* ID... *N5.60* PD....Aug 26, QD.....Aug 18 Paymaster; *Coronation Reg* *• Okomu Oil ✔️(Paid)* ID... *N7.00* PD....Aug 29, QD.....Aug 22 Paymaster; *CardinalStone Reg* *• Custodian ✔️(Paid)* ID... *10k* PD....Sept 1, QD.....Aug 19 Paymaster; *Meristem Reg* *• Seplat ✔️(Paid)* ID... *2.5 Cents* PD....Sept 9, QD.....Aug 12 Paymaster; *Datamax Reg* *• Zenith Bank ✔️(Paid)* ID... *30k* PD....Sept 13, QD.....Sept 6 Paymaster; *Veritas Reg* � *(B). Bonus* *• Friesland Wamco* Bon... *1 for 1* QD.....Apr 28 Registrars; *First* *• VFD Group* Bon... *1 for 2* QD.....May 13 Registrars; *African Prudential* *• NPF MFB* Bon... *1 for 9* QD.....May 27 Registrars; *CardinalStone* *• Tranex* Bon... *1 for 16* QD.....June 3 Registrars; *CardinalStone* *• IMG* Bon... *1 for 5* QD.....June 9 Registrars; *First* *• Beta Glass* Bon... *1 for 5* QD.....June 10 Registrars; *CardinalStone* *• NASD* Bon... *1 for 10* QD.....June 22 Registrars; *Coronation* *• Mcnichols* Bon... *6 for 5* QD.....June 30 Registrars; *coronation* *• MRS Oil* Bon... *1 for 8* QD.....July 1 Registrars; *First* *• Fidson* Bon... *1 for 10* QD...July 8 Registrars; *Meristem* *• NAHCO* Bon... *1 for 5* QD.....July 15 Registrars; *CardinalStone* *• Academy Press* Bon... *1 for 4* QD.....Sept 16 Registrars; *Pace* 7 Likes 3 Shares |
Re: Nigerian Stock Exchange Market Pick Alerts by essentialone(m): 8:34am On Sep 14, 2022 |
Fidelity Bank Plc has notified the Nigerian Exchange and the investing public that the Company has scheduled an Extra-ordinary General meeting to finalise discussions regarding the issue the 3,037,414,308 unissued Ordinary Shares of 50 kobo each in the share capital of the Company by way of Private Placement. In a notice signed by the Company Secretary, an Extra-Ordinary General Meeting of members of Fidelity Bank Plc will hold at 10.00a.m. on Thursday, September 29, 2022 at Jupiter Hall, Four Points by Sheraton, Plot 9/10, Block 2, Oniru, Victoria Island, Lagos to discuss the following business: “That in furtherance of the provisions of Section 124 of the Companies and Allied Matters Act, 2020 and the Companies Regulations 2021, and pursuant to Paragraphs 9 and 10 of the Articles of Association of the Company, the Board of Directors of the Company be and is hereby authorised to issue, by way of Private Placement, the 3,037,414,308 unissued Ordinary Shares of 50 kobo each in the share capital of the Company (being not more than 30% of the Company’s existing issued shares and paid up capital) to potential investors. That the Private Placement shall be carried out in conformity with applicable laws and subject to procurement of all regulatory approvals. That the members in recognition of the need to ensure that the Company’s share capital is aligned with the requirements under applicable laws, hereby waive their pre-emptive rights in respect of the 3,037,414,308 unissued Ordinary Shares of 50 kobo each, to be issued by the Company by way of Private Placement. That the said shares issued in accordance with resolution above shall rank pari-passu with the Company’s existing issued shares. That the Board of Directors be and is hereby authorised to perform all such lawful acts as are necessary to give effect to the above listed resolutions including but not limited to ensuring compliance with all regulatory procedures and requirements, obtaining all required approvals and filing within time, all regulatory returns in relation to the above resolutions”. 1 Like 1 Share |
Re: Nigerian Stock Exchange Market Pick Alerts by ggoldmine(f): 9:09am On Sep 14, 2022 |
Please, could you explain the bonus for Nahco? Thank you. essentialone: |
Re: Nigerian Stock Exchange Market Pick Alerts by Wapgod(m): 12:26pm On Sep 14, 2022 |
Diyke4rich:Same here. |
Re: Nigerian Stock Exchange Market Pick Alerts by essentialone(m): 12:39pm On Sep 14, 2022 |
ggoldmine: Divide the number of units you have by 5. The number you get is the total number of new free shares that will be added to your portfolio If you had 5,000 units of NAHCO, extra 1,000 units will be added to your stocks . Now you will have 6,000 units |
Re: Nigerian Stock Exchange Market Pick Alerts by thesilentone(m): 1:18pm On Sep 14, 2022 |
The meeting will be streamed online. Link will be on the company's website essentialone: 2 Likes 1 Share |
Re: Nigerian Stock Exchange Market Pick Alerts by yMcy56: 2:39pm On Sep 14, 2022 |
Much vawulence for ZENITH corner today...... Dumper dumping @19.50, bargainers also picking at that junction...... Guess the politicians are the ones dumping to prepare for campaign........just a guess.... They're surely coming back after election.... It's well o. COURTVILLE: Huge cross deals yesterday and today @0.47........ Some entities or Directors crossing..... We await further info on the delisting process.... 3 Likes 1 Share |
Re: Nigerian Stock Exchange Market Pick Alerts by ggoldmine(f): 4:44pm On Sep 14, 2022 |
Thank you. But this didn't reflect on my stock. I only received the money. essentialone: 1 Like 1 Share |
Re: Nigerian Stock Exchange Market Pick Alerts by emmasoft(m): 5:01pm On Sep 14, 2022 |
ggoldmine: The date to credit bonus shares is not normally stated. Once it has been approved and you qualified then just keep checking with your broker it will be credited by the registrar through cscs and your broker then an advice to that effect will be sent from the registrar to your mailbox. |
Re: Nigerian Stock Exchange Market Pick Alerts by thesilentone(m): 5:25pm On Sep 14, 2022 |
A classic P & D appears to be playing out in a stock that has dividends QD on Friday. When you observe the chart, a bull flag has been formed on the weekly, the giveaway is the mismatch between the price move and the associated volume. Don't be the one holding the bag because you want dividends - nothing is free in the markets. 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by seyisanya(m): 5:46pm On Sep 14, 2022 |
emmanuelewumi:I think he meant after deductions. AxaMansard is the only fund manager that's transparent about this. They always state both the gross rate and the net rate on their website. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by emmasoft(m): 6:46pm On Sep 14, 2022 |
seyisanya: Please note that the stated rate for CMMF from FSDH is the net. |
Re: Nigerian Stock Exchange Market Pick Alerts by emmanuelewumi(m): 6:52pm On Sep 14, 2022 |
seyisanya: Your return is the net rate, management fee is usually 1% of the value of the asset under management which is calculated daily 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by emmanuelewumi(m): 6:54pm On Sep 14, 2022 |
emmasoft: The stated rates are usually the net |
Re: Nigerian Stock Exchange Market Pick Alerts by seyisanya(m): 8:14pm On Sep 14, 2022 |
emmanuelewumi:This is from AXAMansard website. 3 Likes
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Re: Nigerian Stock Exchange Market Pick Alerts by essentialone(m): 8:45pm On Sep 14, 2022 |
thesilentone: Kowaatiate ooo |
Re: Nigerian Stock Exchange Market Pick Alerts by TLAX: 11:16pm On Sep 14, 2022 |
thesilentone: Premium tears loading for the conspirators, if so. They can't execute a successful P & D at that price point in this market. |
Re: Nigerian Stock Exchange Market Pick Alerts by TLAX: 11:55pm On Sep 14, 2022 |
essentialone: This private placement of shares exercise is an interesting and curious case for the bank. Moreso especially as the shares to be placed will amount to 9.5% of total authorized and issued shares of the bank post placement (32 billion unites). So far as i know, apart from NPF Microfinance Bank, most other companies that have sought compliance with the Finance Act 2021 have either cancelled he unissued shares in their books or given to shareholders as bonus issues. For Fidelity Bank aficionados, questions begging for answers are 1. Is the private placement going to be made to an individual entity, group of entities etc? 2. If it is to be made to an entity, why grant 9.5% of shareholding to an entity at this time especially as the 2021 audited accounts indicate that no single entity owned up to 5% of the shares of the bank (we know that this may not be entirely correct as an individual or family likely controls several entities that own lots of sub 5% holdings in the bank) 3. Is a new major shareholder coming on board? Is the private placement to an existing major investor? The former case is most probable as the existing investor is more likely to be a net seller than buyer to enable it fund a major project over the next 6 months. 4. Is there any urgent need to raise cash from outside? As far as i know the only major expansion/acquisition by the bank in the public domain is purchase of Union Bank UK. Its free cash flow is healthy enough to fund this. Why engage in dilutive private placement of shares? Just questions to ponder. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by Mpeace(m): 12:29am On Sep 15, 2022 |
https://doclib.ngxgroup.com/Financial_NewsDocs/36753_ACCESS_HOLDINGS_PLC%20_QUARTER_2_%20_FINANCIAL_STATEMENT_F.pdf Yeye access bank. They have reduced their interim dividend rate to 20kobo. Flat result with eps of 252kobo from 248kobo |
Re: Nigerian Stock Exchange Market Pick Alerts by ImperialCovfefe: 1:41am On Sep 15, 2022 |
emmasoft:The twelve month NITTY is currently at 9.26%. Replay of 2016-2018 about to happen when it crosses 15% |
Re: Nigerian Stock Exchange Market Pick Alerts by joboy834: 5:29am On Sep 15, 2022 |
emmasoft: Please is WHT deducted on FI mutual funds because FBN FI is above 11%. Thanks |
Re: Nigerian Stock Exchange Market Pick Alerts by emmasoft(m): 7:26am On Sep 15, 2022 |
joboy834: Please note FBN FI is not a MMF, the underlying assets and method of reward differ with the fact that the risk level is moderate as compared to MMF which is a low risk so they are not to be compared. However, there is no deduction of WHT and it's general to mutual funds. |
Re: Nigerian Stock Exchange Market Pick Alerts by dharpzee: 10:59am On Sep 15, 2022 |
ACCESS BANK RESULT IS OUT, N0.20K dividend: https://doclib.ngxgroup.com/Financial_NewsDocs/36753_ACCESS_HOLDINGS_PLC%20_QUARTER_2_%20_FINANCIAL_STATEMENT_F.pdf Impressive result. |
Re: Nigerian Stock Exchange Market Pick Alerts by Mpeace(m): 11:33am On Sep 15, 2022 |
dharpzee:Access result get small Eps was however almost flat. 1 Like 1 Share |
Re: Nigerian Stock Exchange Market Pick Alerts by Zegra: 11:48am On Sep 15, 2022 |
Re: Nigerian Stock Exchange Market Pick Alerts by essentialone(m): 12:11pm On Sep 15, 2022 |
TLAX: Is it Academy Press? |
Re: Nigerian Stock Exchange Market Pick Alerts by thesilentone(m): 12:37pm On Sep 15, 2022 |
I will be watching with my popcorn in hand. After weeks of keeping it stable at that point, only greed will have kept them in. The game is the game. TLAX: |
Re: Nigerian Stock Exchange Market Pick Alerts by thesilentone(m): 12:42pm On Sep 15, 2022 |
You have raised cogent questions. I think the idea was floated at the last AGM - it is available on Youtube (3hrs watch). The board was left to come up with a decision. I guess this is what they concluded. Some of these questions might be raised at the upcoming meeting. PS: There's a reason some of us don't enjoy fundamental analysis - it is subject to the whims of a few people. TLAX: |
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