BabsO2:
If one needs to fill a form when will it be out ?. I thought holders of the shares will just be paid off and get ebuyout payment in their accounts like a dividend warrant automatically?

LOL. No
This is Nigeria, there must be stress involved.

https://doclib.ngxgroup.com/Financial_NewsDocs/37004_UPDC_PLC%20_QUARTER_3_%20_FINANCIAL_STATEMENT_FOR_2022_FIN.pdf

UPDC

Buy, Sell, or Hold?

https://doclib.ngxgroup.com/Financial_NewsDocs/37005_CADBURY_NIGERIA_PLC%20_QUARTER_3_%20_FINANCIAL_STATEMENT_.pdf

CADBURY

Buy, Sell, or Hold?

BabsO2:
If one needs to fill a form when will it be out ?. I thought holders of the shares will just be paid off and get ebuyout payment in their accounts like a dividend warrant automatically?

There should be a form to fill.....
Maybe they're doing it one at a time......further instructions should come after qualification deadline...
...but if there isn't, all well and good.

** Since Cardinal Stone will be paying, just ensure you have your E-Dividend mandate activated with them.

*** Good thing is that Cardinal Stone now has online portal for filling and submitting E-Dividend Activation Form......Without going thru the paperwork of submitting hard or scanned copy***

essentialone:
https://doclib.ngxgroup.com/Financial_NewsDocs/37005_CADBURY_NIGERIA_PLC%20_QUARTER_3_%20_FINANCIAL_STATEMENT_.pdf
CADBURY
Buy, Sell, or Hold?

The result is good nah.....
I guess "Hold" if you already have it, if not use the opportunity currently presented in the market to get some at good bargain price......
Watch the price movement to pick at good junction if interested....
** Also remember this is just my opinion**

Q3:
https://doclib.ngxgroup.com/Financial_NewsDocs/37006_UNIVERSAL_INSURANCE_PLC%20_QUARTER_3_%20_FINANCIAL_STATEME.pdf
https://doclib.ngxgroup.com/Financial_NewsDocs/37005_CADBURY_NIGERIA_PLC%20_QUARTER_3_%20_FINANCIAL_STATEMENT_.pdf
https://doclib.ngxgroup.com/Financial_NewsDocs/37004_UPDC_PLC%20_QUARTER_3_%20_FINANCIAL_STATEMENT_FOR_2022_FIN.pdf
https://doclib.ngxgroup.com/Financial_NewsDocs/36994_INDUSTRIAL__MEDICAL_GASES_NIGERIA_PLC%20_QUARTER_3_%20_FIN.pdf
https://doclib.ngxgroup.com/Financial_NewsDocs/37014_NIGERIAN_BREWERIES_PLC%20_QUARTER_3_%20_FINANCIAL_STATEME.pdf
https://doclib.ngxgroup.com/Financial_NewsDocs/37013_MCNICHOLS_CONSOLIDATED_PLC%20_QUARTER_3_%20_FINANCIAL_STAT.pdf
https://doclib.ngxgroup.com/Financial_NewsDocs/37011_JULI_PLC%20_QUARTER_3_%20_FINANCIAL_STATEMENT_FOR_2022_FI.pdf
https://doclib.ngxgroup.com/Financial_NewsDocs/37010_JAPAUL_GOLD_AND_VENTURES_PLC%20_QUARTER_3_%20_FINANCIAL_ST.pdf
https://doclib.ngxgroup.com/Financial_NewsDocs/37027_MULTIVERSE_MINING_AND_EXPLORATION_PLC%20_QUARTER_3_%20_FIN.pdf
https://doclib.ngxgroup.com/Financial_NewsDocs/37022_SEPLAT_ENERGY_PLC%20_QUARTER_3_%20_FINANCIAL_STATEMENT_FOR.pdf
https://doclib.ngxgroup.com/Financial_NewsDocs/37016_TRANSNATIONAL_CORPORATION_PLC%20_QUARTER_3_%20_FINANCIAL_S.pdf
https://doclib.ngxgroup.com/Financial_NewsDocs/37014_NIGERIAN_BREWERIES_PLC%20_QUARTER_3_%20_FINANCIAL_STATEME.pdf
https://doclib.ngxgroup.com/Financial_NewsDocs/37050_FBN_HOLDINGS_PLC%20_QUARTER_3_%20_FINANCIAL_STATEMENT_FOR_.pdf
https://doclib.ngxgroup.com/Financial_NewsDocs/37048_BUA_CEMENT_PLC%20_QUARTER_3_%20_FINANCIAL_STATEMENT_FOR_20.pdf
https://doclib.ngxgroup.com/Financial_NewsDocs/37055_JULIUS_BERGER_NIGERIA_PLC%20_QUARTER_3_%20_FINANCIAL_STATE.pdf
https://doclib.ngxgroup.com/Financial_NewsDocs/37060_FIDELITY_BANK_PLC%20_QUARTER_3_%20_FINANCIAL_STATEMENT_FOR.pdf
https://doclib.ngxgroup.com/Financial_NewsDocs/37037_WEMA_BANK_PLC%20_QUARTER_3_%20_FINANCIAL_STATEMENT_FOR_20.pdf

Q2:
https://doclib.ngxgroup.com/Financial_NewsDocs/36997_UNIVERSITY_PRESS_PLC%20_QUARTER_2_%20_FINANCIAL_STATEMENT.pdf
https://doclib.ngxgroup.com/Financial_NewsDocs/36992_N_NIG_FLOUR_MILLS_PLC%20_QUARTER_2_%20_FINANCIAL_STATEME.pdf

Q1:
https://doclib.ngxgroup.com/Financial_NewsDocs/37008_GUINNESS_NIG_PLC%20_QUARTER_1_%20_FINANCIAL_STATEMENT_FOR_.pdf

Breaking news.

Special press briefing by the CBN Governor.
Key highlights...

• Strategic plan to control money supply beginning today up until Jan, 2023.

• Redesign of the 200, 500 and 1,000 Naira notes.

Analysis to follow...

yMcy56:

There should be a form to fill.....
Maybe they're doing it one at a time......further instructions should come after qualification deadline...
...but if there isn't, all well and good.

** Since Cardinal Stone will be paying, just ensure you have your E-Dividend mandate activated with them.

*** Good thing is that Cardinal Stone now has online portal for filling and submitting E-Dividend Activation Form......Without going thru the paperwork of submitting hard or scanned copy***

Since it is Mandatory, filling out the form should not be necessary.

They should just credit everyone on the register at qualification.

Access continues to consolidate

https://doclib.ngxgroup.com/Financial_NewsDocs/36995_ACCESS_HOLDINGS_PLC%20ACCESS_CORPORATION_TO__ACQUIRE_AN_.pdf

onegentleguy:
Breaking news.

Special press briefing by the CBN Governor.
Key highlights...

• Strategic plan to control money supply beginning today up until Jan, 2023.

• Redesign of the 200, 500 and 1,000 Naira notes.

Analysis to follow...

The CBN must have decided on this path to stem the likely inflationary pressure and follow-up impact the present low production levels of goods/commodities would have on the real sector amidst the recent flooding that has ravaged 11 states of the federation.

The move is expected, as aggragate supply greatly lags aggregate demand which hitherto was already squeezed following in-country bottlenecks (insecurity, low capex to Agric and related infrastructure), post covid-induced supply constrain and the global energy crisis exacerbated by the Russian-Ukrain war.

With the recent flood outbreak now in the mix, money supply may have outpaced (grown faster than) real output further widening the demand-supply disequilibrium hence, the need for a contractionary monetry policy.

The CBN wants to strategically mop up liquidity from the system to help curb spending and stem the high rising inflation until that time when the economy recovers from or reclaims it's recent (pre-flood) production levels.

The Apex bank might also be hoping that as less Naira chase the green back, the recent pressure in the fx market can be minimized.

Here's the problem though...

I've always said that Nigeria's rising inflation is not just demand-pull but also cost-push driven.
While this policy might cushion the impact of pressure on the demand side, albeit temporarily, (lower spending) it will likely not stem the pressure on cost.

This is because a drop in money supply often results to an increase in interest rate. (usually an over 80% prob.)
An upward pressure on rate effectively implies an increased margin on CoF (borrowing cost) and by implication lower purchasing power.
So this policy (though necessary at this time) may not really have much of an impact, particularly in the near term.

I think the rise in inflationary peg may continue, driven by cost-push inputs on the food side. (food inflation)
Upward pressure in the prices of goods will likely subsist.

Pls do not leave idle funds in the bank! ...it makes zero sense at this time. Get a bag of rice and other non-discretionary goods/commodities.
We highlighted this things long before now... (see article... https://www.booksie.com/618814-alarm-bell-in-nigeria-between-fear-risk-and-opportunity)
@ RabbiDoracle also hinted on this a couple of times.
Some non-cash assets will be a great store of value in the months to come.

Impact on the market?

On the surface, this appears to be a positive for the money & FI market... since a squeeze in money supply often results in an increase in rates.
This however, may not be that pronounced in view of the huge disconnect btw the fiscal and real side of economy.
A lot though will depend on...

A change in money supply usually have a near zero (negligible) effect/impact on the stock mkt.... and this is for good reason.
I continue to see positive in the equity mkt. ...I still see SOME SELECT equity names delivering well above inflation-adjusted return in the short to mid term.

Will give a brief on this in due course.

Selah

Interesting cross deal in GEREGU (10M units) two minutes before the snap back

https://doclib.ngxgroup.com/Financial_NewsDocs/37016_TRANSNATIONAL_CORPORATION_PLC%20_QUARTER_3_%20_FINANCIAL_S.pdf

Transcorp

With so many Fintech getting licenses in Nigeria, why can't stockbrokers get licensed and act as Registrars too. Or Registrars getting licensed as stockbrokers too. That way, dividend can be paid without too much hassles. Dividends can be paid to your investment account, then you can choose to withdraw or reinvest them easily without too much trips to the banks.

Will this new CBN directive brings positive news on banks shares in Nigeria?





quote author=onegentleguy post=117892449]Breaking news.

Special press briefing by the CBN Governor.
Key highlights...

• Strategic plan to control money supply beginning today up until Jan, 2023.

• Redesign of the 200, 500 and 1,000 Naira notes.

Analysis to follow...[/quote]

*PRESS REMARKS BY GOVERNOR GODWIN EMEFIELE ON
ISSUANCE OF NEW NAIRA BANKNOTES*

Good afternoon Ladies and Gentlemen, and welcome
to this special press briefing of the Bank. We have called
this gathering to inform relevant stakeholders and the
general public of persisting concerns we are facing with
the management of our current series of banknotes, and
currency in circulation, particularly those outside the
banking system in Nigeria.
As you all may be aware, currency management is a
key function of the Central Bank of Nigeria, as enshrined
in Section 2 (b) of the CBN Act 2007. Indeed, the integrity
of a local legal tender, the efficiency of its supply, as well
as its efficacy in the conduct of monetary policy are some
of the hallmarks of a great Central Bank.

In recent times, however, currency management has
faced several daunting challenges that have continued to
grow in scale and sophistication with attendant and
unintended consequences for the integrity of both the CBN
and the country. These challenges primarily include:
▪ Significant hoarding of banknotes by members of
the public, with statistics showing that over 80
percent of currency in circulation are outside the
vaults of commercial banks;
▪ Worsening shortage of clean and fit banknotes
with attendant negative perception of the CBN
and increased risk to financial stability;
▪ Increasing ease and risk of counterfeiting
evidenced by several security reports.
Indeed, recent development in photographic
technology and advancements in printing devices have
made counterfeiting relatively easier. In recent years, the
CBN has recorded significantly higher rates of counterfeiting especially at the higher denominations of
N500 and N1,000 banknotes.
Although global best practice is for central banks to
redesign, produce and circulate new local legal tender
every 5–8 years, the Naira has not been redesigned in the
last 20 years.
On the basis of these trends, problems, and facts,
and in line with Sections 19, Subsections a and b of the
CBN Act 2007, the Management of the CBN sought and
obtained the approval of President Muhammadu Buhari to
redesign, produce, and circulate new series of banknotes
at N100, N200, N500, and N1,000 levels.
In line with this approval, we have finalized
arrangements for the new currency to begin circulation
from December 15, 2022. The new and existing
currencies shall remain legal tender and circulate together until January 31, 2023 when the existing currencies shall
seize to be legal tender.
Accordingly, all Deposit Money Banks currently
holding the existing denominations of the currency may
begin returning these notes back to the CBN effective
immediately. The newly designed currency will be
released to the banks in the order of First-come-Firstserve basis.
Customers of banks are enjoined to begin paying into
their bank accounts the existing currency to enable them
withdraw the new banknotes once circulation begins in
mid-December 2022. All banks are therefore expected to
keep open, their currency processing centers from
Monday to Saturday so as to accommodate all cash that
will be returned by their customers.

For the purpose of this transition from existing to new
notes, bank charges for cash deposits are hereby
suspended with immediate effect. Therefore, DMBs are to
note that no bank customer shall bear any charges for
cash returned/paid into their accounts.
Members of the public are to please note that the
present notes remain legal tender and should not be
rejected as a means of exchange for purchase of goods
and services.
We would like to use this opportunity to reassure the
general public that the CBN would continue to monitor
both the financial system in particular, and the economy in
general, and always act in good faith for the achievement
of the Bank’s objectives and the betterment of the
country.
I thank you for listening.

Godwin Emefelie
Governor

... copied......

By this way, you will soon be forced to use e-naira . This is cental bank digital naira.

Everything you spend on will be seen. You can't hide, you can't stack it, you can't destroy it. They will know. We will all know.

You can't hide anymore.

Are you sure that man (CBN governor) is not trying to try and recover that his failed 100M naira election bid in a last desperate attempt to cashout?

RabbiDoracle:
By this way, you will soon be forced to use e-naira . This is cental bank digital naira.

Everything you spend on will be seen. You can't hide, you can't stack it, you can't destroy it. They will know. We will all know.

You can't hide anymore.

NB PLC
Interim Dividend: 0.40k
Qualification Date: 23 Nov, 2022
Payment Date: 1st Dec, 2022
Registrar: First Registrar
https://doclib.ngxgroup.com/Financial_NewsDocs/37019_NIGERIAN_BREWERIES_PLC%20DECLARATION_OF_INTERIM_DIVIDEN.pdf

SEPLAT
Interim Dividend (Quarterly): $0.025 (USD Two point five Cent)
Qualification Date: 10th Nov, 2022
Payment Date: 6th Dec, 2022
Registrar: Datamax
https://doclib.ngxgroup.com/Financial_NewsDocs/37023_SEPLAT_ENERGY_PLC%20CORPORATE_ANNOUNCEMENT_ON_Q3_2022_IN.pdf

TOTAL
Interim Dividend: N4.00
Qualification Date: 18 Nov, 2022
Payment Date: 5th Dec, 2022
Registrar: Cardinal Stone
https://doclib.ngxgroup.com/Financial_NewsDocs/37035_TOTALENERGIES_MARKETING_NIGERIA_PLC%20INTERIM_DIVIDEND_C.pdf

NESTLE
Interim Dividend: N25.00
Qualification Date: 18th Nov, 2022
Payment Date: 5th Dec, 2022
Registrar: GTL Registrar
https://doclib.ngxgroup.com/Financial_NewsDocs/37108_NESTLE_NIGERIA_PLC%20CORPORATE_ACTION_ANNOUNCEMENT_CORP.pdf

MANSARD
Interim Dividend: 0.06k
Qualification Date: 23rd November, 2022
Payment Date: 9th December, 2022
Registrar: Datamax
https://doclib.ngxgroup.com/Financial_NewsDocs/37121_AXA_MANSARD_INSURANCE_PLC%20AXA_MANSARD_CORPORATE_ACTION.pdf[/quote]

Zenith bank has landed with their Q3 result, N174Billion PAT!!!

dapix:
Zenith bank has landed with their Q3 result, N174Billion PAT!!!

please share link to view this

Ginalex:
please share link to view this

Ahem!

Ginalex:
please share link to view this

https://doclib.ngxgroup.com/Financial_NewsDocs/37030_ZENITH_BANK_PLC%20_QUARTER_3_%20_FINANCIAL_STATEMENT_FOR_2.pdf

JAPAUL GOLD
https://doclib.ngxgroup.com/Financial_NewsDocs/37010_JAPAUL_GOLD_AND_VENTURES_PLC%20_QUARTER_3_%20_FINANCIAL_ST.pdf
I'm tempted to post some comments on this.....but the village people here won't like it.....lol.
This company na one kind firm....... Will keep monitoring events here.....

**Pls do not take as any buy/sell oo. Whenever there's any green light, it will be posted here**

** Surprisingly on full bid @29k today, maybe in response to the result..........will still be watching for green light from the Coy.

mariahAngel:


Ahem!

yMcy56:

https://doclib.ngxgroup.com/Financial_NewsDocs/37030_ZENITH_BANK_PLC%20_QUARTER_3_%20_FINANCIAL_STATEMENT_FOR_2.pdf

thank you

Ginalex:
please share link to view this

https://doclib.ngxgroup.com/Financial_NewsDocs/37030_ZENITH_BANK_PLC%20_QUARTER_3_%20_FINANCIAL_STATEMENT_FOR_2.pdf

ojesymsym:
Are you sure that man (CBN governor) is not trying to try and recover that his failed 100M naira election bid in a last desperate attempt to cashout?

He recovered that in one afternoon.

-Lord

Mpeace:
https://doclib.ngxgroup.com/Financial_NewsDocs/37016_TRANSNATIONAL_CORPORATION_PLC%20_QUARTER_3_%20_FINANCIAL_S.pdf

Transcorp

Experts in the house, please help us interpret this result

Experts in the house, please help clear my confusion with this (51,561,658,000 - Other comprehensive income for the period, net of tax) in GTbank's result. That is almost half of their profit potentially wiped out?

yMcy56:
NB PLC
Interim Dividend: 0.40k
Qualification Date: 23 Nov, 2022
Payment Date: 1st Dec, 2022
Registrar: First Registrar
https://doclib.ngxgroup.com/Financial_NewsDocs/37019_NIGERIAN_BREWERIES_PLC%20DECLARATION_OF_INTERIM_DIVIDEN.pdf

SEPLAT
Interim Dividend (Quarterly): $0.025 (USD Two point five Cent)
Qualification Date: 10th Nov, 2022
Payment Date: 6th Dec, 2022
Registrar: Datamax
https://doclib.ngxgroup.com/Financial_NewsDocs/37023_SEPLAT_ENERGY_PLC%20CORPORATE_ANNOUNCEMENT_ON_Q3_2022_IN.pdf

Disappointing report from ...
Seplat and NB,,,
At least ... dividend dey to take manage body....

babaijesha:
Disappointing report from ...
Seplat and NB,,,
At least ... dividend dey to take manage body...

For Nigerian Breweries, the year-to-date (Jan-Sept 2022) is still impressive.......around +79% in profit.
EPS of 1.88 in 2022 as against 1.02 in 2021.

Maybe you're looking at the quarter to date....
The marketing and distribution expenses really chopped into the profit and the Cost of Sales was also very high.
Cost of raw materials and consumables went up.
Barley, wheat and all those stuff are really on the high side and I think they are doing more of importation of some of these things......

Meanwhile, an impressive result from MULTIVERSE!
Around +267% profit made.....

Please has anyone received UPDC REIT dividend scheduled for payment today? Thanks