Payunsin:
Access @ 17 n Uba 23 with dividend
Which is better to buy now

UBA at 23 gives you N2.07k dividend after tax (10% guaranteed)
If the price has gone down by the time dividend is paid, you can use some or all of your dividend to purchase more shares to average down.

For Access bank, current dividend qualifying date is now in the past.

Please note that this is my personal opinion based on your question so kindly apply due diligence

KarlTom:
Excellent profit margin y-o-y largely due to FVTOCI.
Similar to FBNH (FVTPL)...

Spot on 👍

UCAP to pay #1.80k dividend as well

Jaakay:
NASCON ALLIED INDUSTRIES PLC- QUARTER 5 - FINANCIAL STATEMENT FOR 2023

https://doclib.ngxgroup.com/Financial_NewsDocs/40443_NASCON_ALLIED_INDUSTRIES_PLC-_QUARTER_5_-_FINANCIAL_STATEMENT_FOR_2023_FINANCIAL_STATEMENTS_MARCH_2024.pdf

1 naira dividend

Proposed bonus
Two (2) new ordinary shares of 50 kobo to every hundred (100) existing ordinary shares held by Company shareholders
was proposed at the board meeting held on February 27, 2024 and subject to approval at the Annual General Meeting.

Ositadima2:
I am wondering where else I can obtain a daily price list report with the level of detail this one provides, including the daily high, low, close, open prices, and trading volumes. Unfortunately, when I checked the Morgan report yesterday, it only contained updated information for two stocks.

I dey pay 20k annually for this service ooo.

If you give MorganCapital your email address, they would send it to you everyday.

toyeoye:
I can smell maturity in @emmanuelewumi

Sir @emmanuelewumi, I have learn't a lot from you on this platform in 2023 and I'm extremely grateful for that.Your ability to behave with equanimity under tremendous provocation has taken my respect for you to another level. Let's all be mindful of the fact that the platform may be faceless and we may have a message with good intentions to pass across, but HOW we do so is extremely important.

IamR:

I just saw it (15.75% FGN OCT 2033) in my CSCS account now. You can contact your investment house.

My friend spoke with someone at Morgan Capital few days ago.He was told they don't have an update yet on the allotment.

MeezPat:
Send them a mail. I got my certificate since though I bought through a commercial bank

@ibrahim505, did you get a confirmation when you contacted Morgan Capital?

BabsO2:


Yes now. Some bulls are released for such things

I predict FCMB playing catch up if it doesn't want to be left far behind once the Q3 audit comes out.

FCMB is currently 6.90 (7.81%) . What's going on

UNION BANK OF NIGERIA PLC
31-03-2008 YEAR ENDED
2008 2007
TURNOVER N112.989b N89.242b
PROFIT BEFORE TAXATION N33.012b N17.577b
IT DEV. FEE (N307m) NIL
DEFERRED TAX (N741m) (N752m)
TAXATION (N5.109b) (N2.949b)
PROFIT AFTER TAXATION N26.855b N13.876b
RETAINED EARNINGS N20.393b N10.711b
BALANCE SHEET INFORMATION
FIXED ASSETS N29.468b N27.887b
CASH AND BANK BALANCES N46.956b N29.847b
OTHER DEBIT BALANCE N1.052tr N642.360b
TRADE CREDITS (N686.309b) (N432.084b)
OTHER CREDIT BALANCES (N317.318b) (N160.526b)
WORKING CAPITAL N95.795b N79.597b
NET ASSETS N125.263b N107.484b
PROPOSED DIVIDEND N1.00 PROPOSED BONUS ISSUE 1 FOR 6 AGM
NOVEMBER 26TH 2008 CLOSURE OF REGISTER NOVEMBER 17TH TO
21ST 2008 PAYMENT DATE DECEMBER 3RD 2008

FatherOF2:

Remember 0-3 months. I don't do candles.

I just wanted to quickly commend FatherOF2 on his constant loyalty to this forum.I've been viewing this forum for a few months now and have learn' so much from it.I realised only recently why activity has slowed down on it.

Even though i don't agree with what Seun did,i do beleive a lot in loyalty.And loyalty is not known until it's tested.the lesson i have learn't the most so far though is to ensure that if you are in a venture that can be replicated by another person,you have to constantly be at the cutting edge.

Seun,i beleive in your vision and i know that you made mistakes,but i can see you shine again.I want you to realise that i do not blame ANY of the guys that moved on to another site (because we are all human beings),but i know you can dream again!.

People (i inclusive) can take your coat of many colours,but your dream can't be taken.

Seun,FatherOF2 et all,keep the fire burning and i hope this month of May shall be profitable to us all.

wanaj0:

@ All,

Na wa for Naija OOOO.

Just finished a meeting with a rep of a company (portfolio and fund managers).  I ask them what they do and was told they BUY opportunities. Being hearing abou such but to do I confirmed it.

While everyone was buying Dangote Flour PO, those guys paid 20.00 for the offer and were allotted in FULL. Don't ask me how!!!!!!! That's the opportunity they buy!!!! They charge you 2% of the returns on your portfolio.

Saw the Universal Insurance that they bought at 1.85!!! So basically they buy 'juicy' offers at a premium and are able to maximise opportunities. This is a serious imperfection in the market!!!!!!!

Well, will go and register with them (or get someone to register) so that I can see the opportunities since it will be listed on my statement and I can now BUY those opportunities myself.

Maybe all these HYIP schemes were into this kind of things also.

If you can get IAA, abeg go get am OOOO. Once it is listed, na Maiduguri that one dey go even though the fundamentals na nothing!!!

hmm!! definately eye popping provided you check them out thoroughly.I tell you i've heard different stories along this line.if we can even cast our mind back to a few pages ago,Elder Napoleon gave us an insight to how to get your full allotment from some of this POs.

A few of the HYIP schemes were also in to it,but as you know in Nigeria of today expect the unexpected anytime.

samstone4:

@BHG

I think you mean AP regarding the PO.
O and O is not doing a PO, although expected to do so sometime soon.

Samstone4

That's true Samstone4.i mean't AP PLC.

aktopgun:

looks like yar'adua remains president. abi i no get am my learned brothers (lawyers) on here.   

I think you should be able to follow the proceedings on http://www.nigerianwebradio.com/index.html

aktopgun:

i have no idea. i guess its one of the irregularities that remains in the NSE. i know of people who have had their Dangote flour shares credited to their CSCS accounts and i have also heard of people who have gotten certificates. beats me bro.

i can only hope these irregularities are slowly corrected over time to further level the playing field.

I hope so too.Asper Oando.I've finally concluded that i've missed the flight.Even at 230 (rights issue) and 250 naira per share the PO is not cheap. It's definately for nairaland elders   .In the meantime,i shall wait for the crumbs that fall at the masters feet

Stacks:

@BHG

FCMB has started issuing certificates,  Still no 9 months result

@ FO2

Sell or Hold on? Thanks

Stacks Thank you.Father of 2,Aktopgun et all why is it that sometimes though you put your cscs no on your PO form,they still issue certificates to you rather than crediting your cscs account?

Hello Guys,please is it true that FCMB has started issuing their certificates for the recently concluded public offer?

For how long will First Bank continue to hold on to people's money?

Preference shareholders favoured in FBNs N100bn offer
Posted Monday, February 25, 2008


The discriminatory release of share certificates for First Bank of Nigeria’s N100-billion offers may have created uneven ground for preferential shareholders and other classes of investors.



The result is that those who have received their certificates are trading them and harvesting good returns, while others are left in the cold. They are deprived the opportunity of translating their holdings into money.



First Bank floated the offer at N35 per share and as of February 22, the stock traded at N50.08 --a N15.08 or 43 percent appreciation in nine months.



Not only have some not received their share certificates, their monies for the non-allotment are yet to be returned and this is causing some uneasiness among the affected shareholders. The offer document provides that in the event of excess money or delay in the release of share certificates, the money should be deposited in an interest-bearing account.



Although First Bank stock has been on the upbeat, the aggrieved group feels that the unreturned money could have been invested in alternative windows, where they could have earned much better returns. To assuage them, and in compliance with the statutory requirement, the bank has opted to pay 5 percent interest. This appears not to have calmed frayed nerves.



Financial analysts believe the 5 percent which the bank has offered to pay is competitive, compared with the deposit rate paid by banks. A shareholder told Business Day that if he had invested the money in the stock market since April when the offer opened, he could have made over 50 percent return through capital appreciation.



Equally causing disaffection is the bank’s choice of September as effective date for the accrual of interest. The bank, we understand, chose the date because that was the allotment period. But Kofo Majekodunmi, former executive director of FBN Capital, who was involved in the transaction, has said that the delay in the release of all money and share certificates is due to logistic problems that are beyond the control of the bank.



These, he said, include malfunctional postal system, extra care to ensure that the certificates do not get to the wrong addresses. Majekodunmi told Business Day that the certificates and monies were sent out in batches in alphabetical order, or on allotment basis.



First Bank offered to raise N100-billion through offer for subscription and rights but ended up with N750-billion and 1- million new shareholders.



The offer which was to close in June was extended to July and the certificates were not despatched until December. The landmark offer was the highest in terms of subscription level and shareholder interest.



The delay in the release of share certificates has been attributed to the blanket and long verification of new issues by the Central Bank as well as the inefficiency of registrars. Most of the registrars are said to be overwhelmed by the magnitude of public interest in the stock market.



First Bank, operators say, has one of the most efficient registrars due to their automation, and Victor Ogiemwonyi, managing director and chief executive of Partnership Investment and Company Limited, wonders why the bank could not deploy these facilities in handling the last offer. Operators are, however, optimistic that when the e-allotment , e-dividend and e-bonus payments become operational, the hiccups associated with public offers would be minimised.



Last year, the Securities and Exchange Commission (SEC) and the Nigerian Stock Exchange (NSE) were able to convince the Central Bank of Nigeria to drop the idea of blanket verification of offers. Subsequently, only new issues that are suspected to have some laundered money would be investigated.



Meanwhile, analysts have warned that as local and global interests in the market grow, nothing should be done to shake the confidence of investors in the market.



Already, about 5-million Nigerians that cut across geographical, age, professional and income boundaries are said to have invested in the market, and any loss of confidence, one investor said, could trigger the worst economic crisis in the country. - BusinessDay

pumping777:

I posted the Access Allotment list a month or two ago. I can't find it right now.

With 140K units, you will get 63% with the supplementary allotment.

My broker just confirmed that my certificates don land.

I'm yet to receive my certificate as well.Check the link below for the allotment results

http://www.accessbankplc.com/downloa(put 3 dots here)statement2.pdf

SGN:

Me I like CICO

But the one I am using at the moment is SIRO

Sneak In
Rush Out

hmm, Sneak In , Rush Out, enter C[/b]H[b]I[/b]S[b]CO Transport, carry go, i'm loving it

The saga continues!

NITEL: Transcorp asked for the revocation – FG
Posted Tuesday, February 19, 2008
The Federal Government, said on Tuesday, that the Transnational Corporation of Nigeria participated in the decision process that led to the revocation of the sale of Nigerian Telecommunication Limited to it.
The Minister of Information and Communication, Mr. John Odey, said this in Abuja when a delegation of Suburban Group, an integrated ICT service provider paid him a visit.
According to him, contrary to the insinuation that the decision was unilateral and would send the wrong signals to the investing public, Transcorp admitted that it lacked the required capital needed to revive the telecoms firm and make it competitive and that there was the need to bring in a new core investor.
Transcorp secured the purchase of NITEL and its mobile arm, Mtel, on July 3, 2006 for a fee of about $750m (N105bn).
However, it paid only $500m of the amount pledged, as it could not come up with the balance of $250m.
The $750m represented the 75 per cent equity holding that the Federal Government intended to divest from NITEL to the core investor. The remaining 25 per cent was to be sold to Nigerians through a public offer in November in 2006. This never happened, as Transcorp could not meet most of the terms of the contracts.
Odey said, “The process that led to the reversal of Transcorp shares in Mtel and NITEL was not a decision taken by government alone. On December 10, 2007, we had a meeting with Transcorp and I insisted that the Chairman of Transcorp, Dr. Ndi Okereke-Onyiuke must attend.
“We looked at the company as shareholders, analysed the problems and the status of Mtel and NITEL. As at that time, the workers were being owed October salary and the company had problems with working capital.
“We took a decision and Transcorp looked at their financial position and also took a decision to give up some shares, while government would also give up some shares for a third party, a core investor who would have controlling shares and rescue the company’s operations. That is what we have just done.” - Punch

That's why it's a very drrryyyy bone.Good candidate for Baba God to flex muscles.Keep watching the space,

aktopgun, as per Transcorp, the dry bones shall surely rise again

Damouche thank you jare.

Meanwhile a bit of information for all, One of the investors at FCMB are currently having trouble with their investment in Kenya.Hopefully this will not impact FCMB.I beg dey watch am like eagle o!.(see below)

A private equity group based in London risks becoming caught up in the Kenyan political crisis after the country’s opposition leader called for a boycott of a bank in which it is the largest shareholder.

Helios Investment Partners paid KSh11bn ($176m) for a 25 per cent stake in Equity Bank days before a presidential election in which Raila Odinga, opposition leader, claims he was robbed of victory by government-orchestrated rigging.

Following three weeks of protests and violence, the opposition on Friday revealed a plan to boycott Equity Bank and other businesses perceived to be linked to allies of president Mwai Kibaki.

“Whatever you do on the political front, unless the people around Kibaki are pinched in a very material way they’re not going to budge,” said Salim Lone, a spokesman for Mr Odinga. “This is also a way to encourage the moderates to assert themselves.”

Foreign investors snapped up assets across Africa last year as economic growth on the continent accelerated but the Kenyan crisis has provided a reminder of the political risks it still carries.

Sorry Guys! i just got too excited by the contributions from  Napoleon.Permit me to repeat the yarn in English.

Elder Napoleon,I find your contribution very educative.Please keep it up.With the help of you guys,we shall surely take over the world market.

Invisible,permit me to flow globally o!.Money from the french speaking countries can also be changed to naira and vice versal.

Napoleon,

Je trouve votre contribution très éducative. S'il vous plaît cela en haut. Avec l'aide d'entre vous les gars, nous reprendrons sûrement du marché mondial.

What is the story behind the steady increase in the price of Cadbury Nigeria Ltd over the last few weeks?I have tried to get info from all my paparazzis but it's come to no avail.