Krisuba:


Ur two dates are 1month apart not two days??

Yes that is my concern. Then what happens when one sell within this one month interval .Who collects the dividend. I was checking dividend declared and dividend I am expecting. Then how to restructure my portfolio to something small.

I guess 'Apr' means AfricaPrudential, the qualification date is 14 April 2023 (14/04/2023) and closure date is 17/04/2023.

In this case, if you sell on 15th (assuming it's a work day) after it's price has been marked down for dividend, you will get the dividend.

Streetinvestor2:
Pls I use to think the the interval btw the qualification date and closure date is usually a day.Using Apr with qualification date to be 14/03/2023 and closure date 17/04/2023.What happens if you sell in btw this two dates?Do you still get dividend

Streetinvestor2:
Pls I use to think the the interval btw the qualification date and closure date is usually a day.Using Apr with qualification date to be 14/03/2023 and closure date 17/04/2023.What happens if you sell in btw this two dates?Do you still get dividend

Closure of register can't be one month apart from qualification!
It's usually 24hours after qualification Date or, from close of biz on the qualification Date.

In the case of AFRIPRUD, final qualification Date is 14th April while closure of register is 17th April.
14th is Friday,so closure commenced the next working day......which is Mon 17th.
https://doclib.ngxgroup.com/Financial_NewsDocs/37777_AFRICA_PRUDENTIAL_PLC-CORPORATE_ACTION_ANNOUNCEMENT_CORPORATE_ACTIONS_MARCH_2023.pdf

yMcy56:

Closure of register can't be one month apart from qualification!
It's usually 24hours after qualification Date.

In the case of AFRIPRUD, final qualification Date is 14th April while closure of register is 17th April.
14th is Friday,so closure commenced the next working day......which is Mon 17th.
https://doclib.ngxgroup.com/Financial_NewsDocs/37777_AFRICA_PRUDENTIAL_PLC-CORPORATE_ACTION_ANNOUNCEMENT_CORPORATE_ACTIONS_MARCH_2023.pdf

OK thanks. The dates I mentioned is what I saw in GTI research as I tried to check up on dividends declared so far for 2023.They must have made a mistake on the qualifying date .That means they equally made the mistake on nascon dates thr

Does anyone know when Zenith banks and GTB will be paying their dividends?By the is time last year ,they have paid.

debostar:
Does anyone know when Zenith banks and GTB will be paying their dividends?By the is time last year ,they have paid.

GTco shift the goal post for the publishing of AFS until after the 31st.

Zenith looks like they'll maintain the publication on or before 31st.

Waiting game..

O and O can you just land already?

My brother

Zagee:
O and O can you just land already?

Zagee:
O and O can you just land already?

Abeg. Ja mi sí🤲🤲

debostar:
Does anyone know when Zenith banks and GTB will be paying their dividends?By the is time last year ,they have paid.

Dividend payment for Zenith and GT dropped on the 6th and 8th of April 2022 respectively, will definitely be late this year. But this time last year, they had not paid.

This delay is probably the fault of clueless Emefiele and his cronies at CBN.

Ades1:


Dividend payment for Zenith and GT dropped on the 6th and 8th of April 2022 respectively, will definitely be late this year. But this time last year, they had not paid.

This delay is probably the fault of clueless Emefiele and his cronies at CBN.

Thanks so much for the information

leparj:


I bought UBA early this week @N8.20 even after the SVB news broke.
Will buy more soon.
I am a long term investor and don't allow the daily noise to disturb me.
Also checking stock prices everyday is really not necessary if u are in for the long term.
Stocks will fall and rise and rise and fall.
Planning to use most of my dividend this year to increase my UBA holding.

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.

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.

Apart from soft drink and pop corn, what and what should a shareholder go along with when attending AGM?

This year, I want try create chance and attend the AGM of either Lafarge or NB.

Buffett Says Be A Long-Term Investor:
Summary
Are you really the long-term investor that you claim to be?
Buffett’s Berkshire has held Coca-Cola for ~35 years; how old is your longest-held stock?

I know some here are traders, jijoists

I think even in Nigeria there are a couple of stocks that are worth long term investment for capital appreciation and dividends income. What stocks qualify for this and how long is our long term here - Perhaps for the next 5 years is our long term with need for quarterly and annual review if the stock is healthy. I think as of now, a couple of Banks can be placed on this Long Term Investor list. What are the others ? Some can have a Hold instead of a buy rating. For example I see Transcorp as a weak buy (Weak because of low dividend payout), PRESCO is a hold. UBA is a buy etc. And I hear from this forum UCAP is a buy, but not a fan of UCAP .

YoungBuffet:


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.

Continuing the UBA chat - A low price only comes in a flash and doesn't often last more than a day or two. It is very difficult to plan to purchase based on such target as it involves thousands of hours of monitoring prices with idle cash on hand. This is a lot of opportunity cost with respect to time. Last year the lowest price achieved was N6.55 on 6th of October. And the average price that day was N6.75. and only N 23million worth of shares was sold. And this sale didn't last beyond that day.

Weighted average price for UBA in 2020/2021/2022 were N 7.07/7.90/7.72. Since a dividend of N1.0 total is due to any one who buys right now over the next six months (with 80kobo due over the next 40 days). Buying UBA for the long term is okay at current price and will be a waste of time waiting for N6.60 that may never show up.

mendes911:


Pastor VeeCooVee,

Your food don done here. Come and take over.

No much need to preach to people anymore, things happening all over the nations of the world right now are enough preachings

veecovee:


No much need to preach to people anymore, things happening all over the nations of the world right now are enough preachings

Pastor morale don low o
Abeg make una recharge am with Hennessy

Agbalowomeri:


Pastor morale don low o
Abeg make una recharge am with Hennessy

His morale suppose low nauw where you can't say if a man is a man in the Western world or a woman is a woman. You see the destruction of religion, family, society in real time. You see where laws are passed to give people powers to loot shops enmasse and nothing is done by business owners. You see where homelessness and suffering is so high all around the world and nothing is done to assist them but so much is allocated to fighting wars. You see where kids are joining in the sex transitioning experiments without the consent of their parents (only that of teachers allowed).

Even Sodom and Gomorrah no do reach wetin people dey see now. E reach tire person.

BabsO2:
Buffett Says Be A Long-Term Investor:
Summary
Are you really the long-term investor that you claim to be?
Buffett’s Berkshire has held Coca-Cola for ~35 years; how old is your longest-held stock?

I know some here are traders, jijoists

I think even in Nigeria there are a couple of stocks that are worth long term investment for capital appreciation and dividends income. What stocks qualify for this and how long is our long term here - Perhaps for the next 5 years is our long term with need for quarterly and annual review if the stock is healthy. I think as of now, a couple of Banks can be placed on this Long Term Investor list. What are the others ? Some can have a Hold instead of a buy rating. For example I see Transcorp as a weak buy (Weak because of low dividend payout), PRESCO is a hold. UBA is a buy etc. And I hear from this forum UCAP is a buy, but not a fan of UCAP .

Has there been any time in a bull market where in 2 weeks period four (4) international banks collapsed?

Has there been any time in a bull market where over 200 US banks are groaning under severe bond losses and are at the risk of bank run?

Has there been any time in a bull market where large US and European banks are having massive deposit runs? Credit suisse, UBS and now Deutsche Bank.

Has there been any time in the world where all financial leaders in US and EU and the leaders of these countries where jointly saying that their banks were strong? All at the same time yesterday evening.

These are red flags occurring in western financial institutions and we should not ignore them.

In case you have forgotten, we were all invested in the market when :

March 2008 - Bear Stearns collapsed
September 2008 - Lehmann Brothers collapsed.

And we were told all was OK in Africa. Up until March 2008, everything was fine in Nigeria and in Africa, I believe. Afterwards, the rest of the event was history.

When international banks start having issues, it usually cascades rapidly. It is usually the start of bigger things to come. Lending freezes, companies start to fall and second order effects starts to arise.

If foreign banks are having these losses, what about insurance and pension companies? What about hedgefunds, educational trust funds and other wealth managers? These are the second order effects that are yet to surface.

When a ship capsizes, it takes time for the bodies to float to the surface.

rookidmart:

Matt Levine is one of my favourite finance writers.
Sadly there aren't (m)any local finance writers.

The writers of Nairametrics and ProShare try, but are not up to his calibre.

Yes I agree.

RabbiDoracle:



Has there been any time in a bull market where in 2 weeks period four (4) international banks collapsed?

Has there been any time in a bull market where over 200 US banks are groaning under severe bond losses and are at the risk of bank run?

Has there been any time in a bull market where large US and European banks are having massive deposit runs? Credit suisse, UBS and now Deutsche Bank.

Has there been any time in the world where all financial leaders in US and EU and the leaders of these countries where jointly saying that their banks were strong? All at the same time yesterday evening.

These are red flags occurring in western financial institutions and we should not ignore them.

In case you have forgotten, we were all invested in the market when :

March 2008 - Bear Stearns collapsed
September 2008 - Lehmann Brothers collapsed.

And we were told all was OK in Africa. Up until March 2008, everything was fine in Nigeria and in Africa, I believe. Afterwards, the rest of the event was history.

When international banks start having issues, it usually cascades rapidly. It is usually the start of bigger things to come. Lending freezes, companies start to fall and second order effects starts to arise.

If foreign banks are having these losses, what about insurance and pension companies? What about hedgefunds, educational trust funds and other wealth managers? These are the second order effects that are yet to surface.

When a ship capsizes, it takes time for the bodies to float to the surface.

Currently, we have had Five (5) bank failures in Y2023 alone.

1. Silvergate
2. Silicon Valley Bank
3. Signature Bank
4. First Republic
5. Credit Suisse (forced to merge with UBS)

Now, Deutsche Bank is wobbling.

Gradually going down

RabbiDoracle:



Has there been any time in a bull market where in 2 weeks period four (4) international banks collapsed?

Has there been any time in a bull market where over 200 US banks are groaning under severe bond losses and are at the risk of bank run?

Has there been any time in a bull market where large US and European banks are having massive deposit runs? Credit suisse, UBS and now Deutsche Bank.

Has there been any time in the world where all financial leaders in US and EU and the leaders of these countries where jointly saying that their banks were strong? All at the same time yesterday evening.

These are red flags occurring in western financial institutions and we should not ignore them.

In case you have forgotten, we were all invested in the market when :

March 2008 - Bear Stearns collapsed
September 2008 - Lehmann Brothers collapsed.

And we were told all was OK in Africa. Up until March 2008, everything was fine in Nigeria and in Africa, I believe. Afterwards, the rest of the event was history.

When international banks start having issues, it usually cascades rapidly. It is usually the start of bigger things to come. Lending freezes, companies start to fall and second order effects starts to arise.

If foreign banks are having these losses, what about insurance and pension companies? What about hedgefunds, educational trust funds and other wealth managers? These are the second order effects that are yet to surface.

When a ship capsizes, it takes time for the bodies to float to the surface.

You are very right all this are happening. I don't see it having much effect like the 2008 crash in nigeria because of the low foreign participation in our market now and then.Nevertheless, the market will tank as a result of our own internal doings. Then with all this uncertainty of more to happen. Whr do you hope to put/keep all the cash since the fear of financial institutions is the beginning of wisdom .That means no investment will be safe too unless you are mattress gang.And it will not be safe to keep you money in the banks

Streetinvestor2:
You are very right all this are happening. I don't see it having much effect like the 2008 crash in nigeria because of the low foreign participation in our market now and then.Nevertheless, the market will tank as a result of our own internal doings. Then with all this uncertainty of more to happen. Whr do you hope to put/keep all the cash since the fear of financial institutions is the beginning of wisdom .That means no investment will be safe too unless you are mattress gang.And it will not be safe to keep you money in the banks

I don't keep money in the bank. I only keep what I need for short sustenance. All others stay in my brokerage account.

When there are opportunities (as regards low prices) , the times it takes to strike is usually very short.

And if there are crisis like these happening abroad where your limit is $250K in the US or €100K in EU, one doesn't need to bother because with the push of just one button, your funds are already into stock(s). And before 1 minute, one must have zeroed his account.

In the financial world, it is a game of fast finger.

GreatEko:


Currently, we have had Five (5) bank failures in Y2023 alone.

1. Silvergate
2. Silicon Valley Bank
3. Signature Bank
4. First Republic
5. Credit Suisse (forced to merge with UBS)

Now, Deutsche Bank is wobbling.

Thanks for the correction.

And just in Q1 2023.

Streetinvestor2:
Bro you need serious deliverance, from that spirit, lol.And it will take more than a day to get it out.....na joke.I remember a member here who is into building ashawo houses.You need to make him your personal fnd.I can't remember if it is here or SMN

Does the member’s name start with L and ends with Y?

Krisuba:


Ur two dates are 1month apart not two days??

Closure date is not really a finance term and only exists in markets like Nigeria where analog processes never go out of fashion

Where markets are fully digitized, once you buy a stock, your name automatically enters the register of shareholders and any thing that happens after that day affects you. If a proxy is sent out the next day, you will get it. Same with dividends

But one smart dude in the Nigerian space thought of taking a few days to open the stockholders register and reconcile the names there against NSE’s/CSCS’s record and it became a thing.

In summary, as long as you held the stock the next day after the qualification date (originally known as ex-dividend date) you will get the dividend even if they decide to close and reconcile the books in 1 year time

[quote author=GANDALF1 post=122060826]

Closure date is not really a finance term and only exists in markets like Nigeria where analog processes never go out of fashion [b][/b]

There are some exceptions even in the US particularly when the dividend amount exceeds certain percentage of the SP of the stock.

RabbiDoracle:


I dn't keep money in the bank. I only keep what I need for short sustenance. All others stay in my brokerage account.

When there are opportunities (as regards low prices) , the times it takes to strike is usually very short.

And if there are crisis like these happening abroad where your limit is $250K in the US or €100K in EU, one doesn't need to bother because with the push of just one button, your funds are already into stock(s). And before 1 minute, one must have zeroed his account.

In the financial world, it is a game of fast finger.

What happens if the brokerage company is affected by what is happening to the bank. That is if thr main account enter voice mail .Will you be able to recover your money thr in full.That is in a situation you don't want to buy stocks because of the crash happening thr too.

RabbiDoracle:



Has there been any time in a bull market where in 2 weeks period four (4) international banks collapsed?

Has there been any time in a bull market where over 200 US banks are groaning under severe bond losses and are at the risk of bank run?

Has there been any time in a bull market where large US and European banks are having massive deposit runs? Credit suisse, UBS and now Deutsche Bank.

Has there been any time in the world where all financial leaders in US and EU and the leaders of these countries where jointly saying that their banks were strong? All at the same time yesterday evening.

These are red flags occurring in western financial institutions and we should not ignore them.

In case you have forgotten, we were all invested in the market when :

March 2008 - Bear Stearns collapsed
September 2008 - Lehmann Brothers collapsed.

And we were told all was OK in Africa. Up until March 2008, everything was fine in Nigeria and in Africa, I believe. Afterwards, the rest of the event was history.

When international banks start having issues, it usually cascades rapidly. It is usually the start of bigger things to come. Lending freezes, companies start to fall and second order effects starts to arise.

If foreign banks are having these losses, what about insurance and pension companies? What about hedgefunds, educational trust funds and other wealth managers? These are the second order effects that are yet to surface.

When a ship capsizes, it takes time for the bodies to float to the surface.

I think Naija's issue i.e. risk is currently more around politics than what is happening in the US. As a lot of the FPI's have repatriated their funds in 2020/2021. And because US assets are currently over priced while NSE stocks have relatively far lower PE's.

If May 29 doesn't sail through smoothly the NSE will most likely go down because investors don't like uncertainty. Apart from that it could drag businesses and the economy downwards and show up in NSE companies recording losses in year 2023. Hence justifying the market going down if a severe political turbulence occur.

As many or is it some have said if Q2 sails through smoothly the NSE will likely become bullish. Perhaps a weak bull due to the issues you noted in US and Europe. But this US/Europe issue is not impacting China drastically. Their GDP may drop from double digits of the last decade to about 6% as projected by them. Hence oil prices may remain at current levels or even go higher as less investments poured into ramping up production. And Nigeria has recovered slightly from the very low oil prod of 2022. This will support the NSE bull.

Also, if Q2 progresses smoothly politically in Naija, there is a likelihood the small net buy seen in 2022 from FPI's will become a bigger net buy as more FPI managers try to take positions in NSE in 2023. As Nigeria remains a growth area. The snag of devaluation will however make them cautious and not be too aggressive. For local investors an easy option open to mitigate devaluation is holding quality NSE stocks that may ride the inflation in Nigeria. At least mitigate it better than cash or Naira bonds.

The impact of the CBN Naira redesign will become clear next month when companies start releasing Q1 results. Not sure if it will impact banks negatively. But will likely have no impact on companies like Transcorp, Presco etc. If it impacts banks negatively. Bank share prices will start a race downwards and seem to align with what's happening in the US. But driven by entirely different issues.

The dollar is going to be devalued