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Nairaland Forum / Nairaland / General / Investment / Nigerian Stock Exchange Market Pick Alerts (11415127 Views)
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Re: Nigerian Stock Exchange Market Pick Alerts by chillykelly86(m): 7:31pm On Mar 31 |
emmanuelewumi: Remember the listing happened in 2024. And the released result is for Year ended December 31st, 2023. So, I assume the share split to increase outstanding shares to 7.5 billion, in preparation for listing would have happened after 31st December, 2023. So, they may not have done anything wrong. But, investors should use the current outstanding shares to get the effective EPS. Very important, to avoid excessive school fees. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by aj8(m): 8:37pm On Mar 31 |
SonofElElyonRet: The results are for year end 31st December 2023. Interim because the decision was taken before the end of year 2023. Actually on 18th December 2023 subject to approval at the next AGM. Also note that the decision to increase shares to 7.5 bill and list as public was done at the same meeting but the day after on the 19th December 2023 and so did not qualify . Refer to the following for further clarification -Page 2 of the report -Check Note 29 on page 65 of the report Sad but they knew what they were doing. Don’t bother computing. You will not qualify except indirectly through the shareholdings of TRANSCORP Group 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by debeey87(m): 8:38pm On Mar 31 |
3.12 naira is the dividend payout. Better to sit inside Zenith or gtbank if one is a dividend hunter or even nahco sef. Share price might be propped higher like geregu in the future anyway. dangle: 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by SonofElElyonRet: 8:41pm On Mar 31 |
dangle: I think the bolded is what's fair... except the backdate the qualification date which would be criminal to say the least... but would dividend of N247 per share when recalculated based on current OS still be meagre ![]() *Also why call it "interim dividend when it's based on final year results? *perhaps 2022 dividends have already been paid me exclusive to pre listing shareholders while leaving 2023 available for post listing shareholders? |
Re: Nigerian Stock Exchange Market Pick Alerts by aj8(m): 8:52pm On Mar 31 |
Wishing everyone Happy Easter. May this season illuminate our shared gift of salvation that worketh through the grace of He that reigns King above all things in heaven and earth forever. Happy Easter . The Lord Is, now and always. Amen 5 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by SonofElElyonRet: 8:57pm On Mar 31 |
aj8: Was just about to point out same note 29 which is titled distributions made and proposed and refers to dividends for 2022 and dividends 2023 Might be wrong but doesn't this suggest that new shareholders could still qualify for one of the dividends? Sad that there isn't full disclosure in clear terms from the company and the stock exchange is just not living up to expectations as a regulator |
Re: Nigerian Stock Exchange Market Pick Alerts by aj8(m): 10:05pm On Mar 31 |
SonofElElyonRet: No For the reason below “The company during its 58th Board Meeting held on Monday, December 18, 2023 declared an interim dividend of N23,462,335,236 which is a dividend per share of N247.07 to its shareholders.” |
Re: Nigerian Stock Exchange Market Pick Alerts by SAK: 10:10pm On Mar 31 |
chillykelly86: |
Re: Nigerian Stock Exchange Market Pick Alerts by aj8(m): 10:16pm On Mar 31 |
SonofElElyonRet: Remember they only listed their shares. It was not an IPO. |
Re: Nigerian Stock Exchange Market Pick Alerts by Emeka1441: 2:41am On Apr 01 |
aj8:How much is transcorp plc paying.. and would we that just bought early this year qualify for it |
Re: Nigerian Stock Exchange Market Pick Alerts by yMcy56(f): 5:47am On Apr 01 |
emmanuelewumi:Boss, TRANSPOWER was listed in March this year and the FYE was for 2023.New OS will start reflecting from Q1 2024. I saw what you're trying to say: that since they reported 7.5bn OS, that should be the basis of the calculations but, think it may have to do with some rules, closure date or something. The concern now however is how the Dividend will be distributed, if it will include current shareholders or not. We will know this when the Corporate Action is out. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by yMcy56(f): 5:55am On Apr 01 |
SonofElElyonRet:2022 already gone, it's for reporting and comparison purpose, to see the improvement in payout for 2023. As for calling 2023 Dividend Interim, it's normal because this is their first Dividend declaration after listing, AND because the listing is still new and not up to a year. It's the rule. If for instance ZENITH transits to HOLDCo before Dividend is declared and paid, it will be referred to as "Interim Dividend" because the payment will then be coming from Zenith Holdings and NOT from ZENITH bank again.........Na example I give here o. ![]() 3 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by yMcy56(f): 6:28am On Apr 01 |
INFINITY MORTGAGE CORPORATE ACTION Final Dividend: 0.15k Qualification Date: 12th April, 2024 Payment Date: 13th May, 2024 https://doclib.ngxgroup.com/Financial_NewsDocs/40756_INFINITY_TRUST_MORTGAGE_BANK_PLC-INFINITY_TRUST_-_DIVIDEND_ANNOUNCEMENT_2024_CORPORATE_ACTIONS_MARCH_2024.pdf Results.... https://doclib.ngxgroup.com/Financial_NewsDocs/40780_BERGER_PAINTS_NIGERIA_PLC-_QUARTER_5_-_FINANCIAL_STATEMENT_FOR_2023_FINANCIAL_STATEMENTS_APRIL_2024.pdf https://doclib.ngxgroup.com/Financial_NewsDocs/40808_UNILEVER_NIGERIA_PLC.-_QUARTER_1_-_FINANCIAL_STATEMENT_FOR_2024_FINANCIAL_STATEMENTS_APRIL_2024.pdf https://doclib.ngxgroup.com/Financial_NewsDocs/40804_FIDSON_HEALTHCARE_PLC-_QUARTER_5_-_FINANCIAL_STATEMENT_FOR_2023_FINANCIAL_STATEMENTS_APRIL_2024.pdf |
Re: Nigerian Stock Exchange Market Pick Alerts by essentialone(m): 7:12am On Apr 01 |
Why do companies use the word 'Proposed dividend, instead of Declared dividend'? Can shareholders actually cancel, increase, or reduce the dividend declared, during the AGM? Or is the word Proposed used just as a form of jamboree formality? |
Re: Nigerian Stock Exchange Market Pick Alerts by Agbalowomeri: 7:14am On Apr 01 |
essentialone: No be shareholders get final say? |
Re: Nigerian Stock Exchange Market Pick Alerts by Coolcash1: 7:53am On Apr 01 |
International Breweries loss for the year now magnified to N70billion…phew! This stock has no business selling above N1. https://doclib.ngxgroup.com/Financial_NewsDocs/40765_INTERNATIONAL_BREWERIES_PLC.-_QUARTER_5_-_FINANCIAL_STATEMENT_FOR_2023_FINANCIAL_STATEMENTS_MARCH_2024.pdf 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by Willie2015: 7:56am On Apr 01 |
Coolcash1: Never a fan of brewery sector... Too many fishes in the river... |
Re: Nigerian Stock Exchange Market Pick Alerts by Ojoboak(m): 8:18am On Apr 01 |
JOKES OF THE DAY Be serious with your investment, but relax, smile, and adjust to situations you can’t control. Olu Cares! ❤️ COPIED...... *CBN* : You cant pay out dividends from your retained earnings. *Banks* : But why not sir? *CBN* : Because you made those earnings from Revaluation of Currency and from (il)legitimate Banking Business. *Banks* : But sir you audit our books and approve all our earnings and dividends before we announce them. *CBN* : Sharap! Just go and raise fresh capital from your investors; they have money. *Banks* : But sir, our investors need return on their capital and evaluate their investments based on ROE and they always add retained earnings to the "E" in ROE. Which means they will likely look elsewhere for alternative investment opportunities with better ROE. *CBN* : So you want to teach me my job ehn? My friend go and raise fresh capital! I dont care where you get it from! *Banks* : Ok sir. Can we pay 100% of our retained earnings as dividends then? So that our investors can be happy and have enough liquidity to invest BACK in us the money we just gave to them? *CBN* : You must be silly!! Banks: Sorry sir. *CBN* : In addition you have one month to consult investment Banks, advisors, key shareholders and other stakeholders and submit a detailed plan of how you intend to meet this capital requirement! *Banks* : Yes sir! *CBN* : You have 2 years from now to comply with the guideline. *Banks* : But sir, I can comply in one week if I can just use the money I have saved over the last 30 years to do so🤷🏿♂️. *CBN* : Get out of my office NOW! 😜 #copied# Happy Holidays Everyone! 14 Likes 1 Share |
Re: Nigerian Stock Exchange Market Pick Alerts by essentialone(m): 8:33am On Apr 01 |
Agbalowomeri: Please mention an example when it happened in Nigeria that dividend proposed was changed by shareholders. |
Re: Nigerian Stock Exchange Market Pick Alerts by Zagee: 8:43am On Apr 01 |
Emeka1441:Preliminary analysis is pointing at approx 20kobo 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by Agbalowomeri: 8:46am On Apr 01 |
essentialone: That they haven't doesn't mean they can't na. So it will always be "proposed" until approved by shareholders 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by essentialone(m): 9:00am On Apr 01 |
Flash🛎: The first move was to relocate the Banking Supervisory Dept of the CBN from Abuja where there’s not one commercial bank headquarters to Lagos where all commercial banks have their headquarters. Then, the recapitalisation order where no bank is allowed to divert its profit to capital base and that will be properly monitored by the Banking Supervisory Dept of the Central Bank which is now located in the same Lagos where the banks’ headquarters are domiciled. These banks will as from Tuesday have to strategise on how to meet up with this requirement. The truth of the matter is that dollars kept by their big owners will have to be brought out to raise the capital base. They will have to look for foreign investors too and since backlog of valid forex have been settled, they’ll be eager to bring their dollars to Nigeria. The President knew that he'd request for a massive recapitalization before he cleared all outstanding valid forex backlog. But the banks’ minimum capital is not in dollar so they will have to convert their dollars to naira if the banks want to remain in business. I have told us several times that this war to save our currency is multidimensional but only a few agreed with me. I do not think that the cards to checkmate forex banditry are all yet laid on the table. This President is a money person, he’s a financial engineer and he’s well grounded. Those who think that it’s game as usual should start to have a rethink if they don’t want to go bankrupt due to their inherent greed. 7 Likes 1 Share |
Re: Nigerian Stock Exchange Market Pick Alerts by BabsO2(m): 9:05am On Apr 01 |
Zagee: That will be okay (but on high side). In view of the fact that they still have a lot of subsidiaries yearning for cash injection to unleash growth. Transcorp should be seen as a growth stock and not a cash cow dividend stock. I use these thoughts to balance my expectations on dividends from Transcorp. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by chipa: 9:05am On Apr 01 |
Ojoboak:To be Frank with you though it looks like a joke it looks like what is happening. Let ask ourselves why is Access bank the only bank that had it's audited financial account approved? Because the dividend payout to shareholders was so small from N17+ EPS you just gave paltry N2.10 to the owners of the bank and you are still coming to the same owners to ask for more money? Please judge this case. I know some others may be finding it difficult to get their account approved maybe because they want to reward their shareholders well and ask for more money so that their banks can expand make more money and pay them better dividend next time. That makes better sense. I pray that at the end of the day reasoning will prevail. Let Access bank don't think it is over yet because the money they failed to pay their shareholders in dividends will be used in doing extensive marketing for their public offer or right issue. Secondary they will use their retained earnings to pump up their price before coming to the market. On a more humorous note the saying that we are what we eat. I remembered one bank that had such characteristics before 2008. (Intercontinental bank) That was swallowed by access bank would I now say that Access bank is like what it eats......... Thanks. 7 Likes 1 Share |
Re: Nigerian Stock Exchange Market Pick Alerts by onegentleguy: 9:21am On Apr 01 |
Coolcash1: Couple of friends and I had a wild laugh reading this post. ![]() ![]() ![]() Wish many of us can see beyond the SPL... can proficiently extrapolate from and understand certain lines in a coys financial print. It is well 1 Like 1 Share |
Re: Nigerian Stock Exchange Market Pick Alerts by Zagee: 9:22am On Apr 01 |
BabsO2: Interesting point you raised. Let us see what they'll settle for. |
Re: Nigerian Stock Exchange Market Pick Alerts by chipa: 9:23am On Apr 01 |
essentialone:I don't actually agree totally with this write up and my reasons are (1) The money in circulation can meet this increase capital base without recourse to dollars. (2) The issue of foreign investors bring in their dollars may not general apply. You can not apply what happened in Treasury bill here because Treasury bill is just 1 year and you harvest your profit. This is unlike public or right issue where you bring your money, allow it to still be in process until the offer is over before the money will be put to use and start yielding profit. This may take up to 2+ years and more. The confidence of foreign investors in Nigeria stock market is not up to medium terms yet. 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by Deadlytruth(m): 9:25am On Apr 01 |
onegentleguy: ![]() |
Re: Nigerian Stock Exchange Market Pick Alerts by onegentleguy: 9:30am On Apr 01 |
essentialone: Agbalowomeri: Actually, there's been a few. At her AGM some years ago, the shareholders of REGENCY ALLIANCE INSURANCE (REGAL INS) voted for the cancellation of an already proposed 3k dividend by the company's BODs so the funds can be ploughed back and utilized for some business purposes. ...it was eventually approved! @ Essential, Agba is right... the shareholders have the final say! But that should be in an ideal situation. The Nigeria market terrain has its peculiarities and can sometimes present a situation that's not ideal, leaving shareholders with less of an option. Regards 1 Like 2 Shares |
Re: Nigerian Stock Exchange Market Pick Alerts by Redoil: 9:35am On Apr 01 |
please house CSCS is not opening is it due to the holiday |
Re: Nigerian Stock Exchange Market Pick Alerts by Hogwarthtrades: 9:39am On Apr 01 |
Redoil:service is down, probably routine maintenance . should be back by sundown or dawn tomorrow. |
Re: Nigerian Stock Exchange Market Pick Alerts by maishai: 9:48am On Apr 01 |
essentialone: It is wrong of you to think of those looking for a weakness in the rules of the game to make profit as greedy....... How would you describe the previous presidents borrowing and foreign policies,remember he was touted as the saviour of Nigeria No matter the wand the current president wants to wave, the rule of the game is that money must be made, the question is Who makes the money......On normal grounds all would agree that a free market would be the fairest but this is Nigeria The previous president lopsided the whole system and ensured that it was only his henchmen that were benefitting the National cake We are watching the current one 2 Likes |
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