Stats: 3,176,291 members, 7,897,402 topics. Date: Monday, 22 July 2024 at 01:25 PM |
Nairaland Forum / Klas's Profile / Klas's Posts
(1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11) (of 31 pages)
![]() |
stcool: Please, was this recent or before 2010 when it was AP? |
![]() |
Mcy56: Nsempas are correct. Note 11.3 of the financial statements gives enough information for analysis. 1.JP owed Access and Standard Chartered banks 2. The 2 banks took over some of its assets (dredgers, barges and building) at a value of N55.712b to cover the amount owed. 3. The carrying value of those assets in the books of JP before the banks took them over was N12.69b. 4. The difference between the gross value of the loans at which value the banks took over the assets less the carrying amount is N43b which JP recognised as other income. You can see that JP lost some of its assets while the banks lost the difference between the loan amount and the assets value. N43b other income is a paper profit as it just involved writing back the accrual for interest (now waived) which JP had been doing over the years, it is not cash backed. JP may not even be in a position to pay 1kobo dividend unless it borrows because it has negative cash flow without receivables. The receivable of N10.4b it reflected in the account is largely audio because subsidiary and associate members of the group owe N8.5b out of it (essentially JP owes itself). Only 686m is trade receivable. Disclosure: I joined JP bus in 2008 (no disembarking) and without doing due diligence bought additional 1m @ 0.24k. JP should let me know its juju man. I need him 13 Likes |
![]() |
Commendable. I thought Okworocha operates his schools on the same concept. 1 Like |
![]() |
Dileem: If you are talking about WAPCO, you missed the dividend bus by a long time not just T+3. The AGM and payment date is 3 June 2020 but the qualification date for dividend was 30 April 2020 and the register was closed for the purpose of compiling the names of qualified shareholders for dividend between 4 and 7 May. The date that matters if you are targeting dividend is the qualification date which is usually a trading day before the price markdown date. 1 Like |
![]() |
DenreleDave: Of course, I know she is a woman otherwise while will they use 'she' in her citation. The argument here is which is her first name and which is her surname. She is NWANDO married to OLAYIWOLA |
![]() |
DenreleDave: Olayiwola is masculine name. Female yoruba won't bear such. |
![]() |
sellydion: That is unpaid balance of previous dividend. You can see that the figure is less than N2b, whereas the dividend deducted from retained earnings is over N13b |
![]() |
ndidigood: I didn't say so. I only stated what is required by Accounting Standards. Proposed dividend for the year will be stated in the Directors' statement or as a sub-note to Retained Earnings but not as a deduction from the retained earnings. In the following year, what was approved as dividend in the previous year will then be deducted from retained earnings of that (following) year. The payment will be reflected in the Cash Flow Statement also. You may check how this is treated in the 11Plc financial statements that was also released today. 2 Likes |
![]() |
debeey87: That should relate to last year (2018) Dividends that have not been approved at the AGM can only be disclosed as an intention statement in the Notes to the Accounts but it cannot be deducted from the profits because it is not yet a liability. Note that if it had been for this year and it is not yet paid, the corresponding entry of that deduction from retained earnings would have been stated in Creditors and Payables. 1 Like |
![]() |
MrDiligence: There are 2 price conditions for selling and buying. These are MARKET and LIMIT If you give MARKET price condition, the broker will execute your order within 10% range on either side of the ruling market price of the stock on that date. If you give LIMIT price condition, in case of selling, the broker will not sell below the specific price you give but he can sell higher. In case of buying, he will not buy for you higher than your given price but he may buy lower. In your case, your instruction is confusing. You apparently had LIMIT price of N150 in mind but you gave MARKET price instruction. Even without a mark down, he would be justified to sell between N135 and N165 i.e. -10% to +10% of the market price of 150. With markdown, it could have been N121.50 to N148.5!!! |
![]() |
egoldman: Well, a precedence was set and the request was based on that. The originator tried to justify tha apparent increase in the amount by drawing the attention of the Speaker to increment in food prices. We should question why such precedence was ever laid. Why should members be fed during Ramadan when they are earning salaries and the eating period is even outside office hours. |
![]() |
The petition mentioned Chinelo Anohu Amazu (former DG Pencom) and one Ezinne as those that Adesina influenced their employment and placement on high grade. How did they become his relatives or are all Nigerians regarded as relatives? He was also accused of populating the place with Nigerians but Ethic committee found that USA and one African country even currently have more citizens in the bank than Nigeria despite it being the largest African shareholder 10 Likes 2 Shares |
![]() |
Racoon: EFCC cannot act on this alone without dragging the previous Speakers of the house into it. The paragraph 3 of that memo says "as is customary in the house" which means it had been going on before this 2018 memo and probably still happened in 2019 and this year also. |
![]() |
comshots: They are referring to the woman that originated and signed the memo |
![]() |
DrGoodman: You are rewriting history too. PTF was an equivalent of SURE-P. It was set up to manage the proceeds of subsidy removal on fuel. It was never in charge of oil or its sales. Compared to Sure-P, its effect was better felt especially in the north. |
![]() |
anjilgreat: Originally AGM 26th May Payment Date 26th May. However, this was changed because 25th & 26th May will be public holidays for Sallah. So now AGM 3rd June Payment date 3rd June Qualification date remains 30th April 1 Like 1 Share |
![]() |
N1,600 is below the threshold of EFCC. By the way, how do attempt fraud? You either defraud successfully or you fail, not attempt. They possibly picked her up for other matters (given the conditions attached to her bail) otherwise she should sue hell out of them. |
![]() |
robobo: Thinkbigga: http://www.nse.com.ng/Financial_NewsDocs/29884_GUINNESS_NIG_PLC_FINANCIAL_STATEMENTS_MAY_2020.pdf |
![]() |
Deepthoughts: She is a NAF personnel. She was trained in NAF Kaduna and emerged best graduating student in 2017. She was sent for further training in USA in 2018 and has since returned to Nigeria. 4 Likes 1 Share |
![]() |
Esteejay4u: If the man was 81 at death, that means he got his first degree in 1980 at 42 years and another bachelor degree in law in 1983 at 45 years! Also note that he was a classmate of Femi Fani Kayode in Cambridge where he got law degree and both started their working career as lawyer in 1983 in the law firm of Femi's father. Did he start working at the age of 45? The president is right. 2 Likes 1 Share |
![]() |
NaijaRoyalty: Chairman of UCH and Chief Medical Director of UCH are not the same thing. One is a politician, northerner and on a part-time administrative work by name Shettima. The other is a doctor, southerner and on a full time medical work by name Otegbayo. How do they relate? Chairman tested positive twice and is still on admission while the CMD tested positive first then negative and was discharged 2 Likes |
![]() |
ositadima1: There are some paper loss that are as good as realised loss in terms of permanence sha. Those that bought IPOs of Transcorp, Japaul and VeritasKapital Assurance 12 years ago can attest ![]() |
![]() |
Evaromantik: Unless we have further information on how many provinces there were and their coverage, then, such conclusion may be debatable. Note that only 2 provinces - Onitsha and Owerri were the listed provinces in the present day south-east region. Were there others or these two constitute the entire SE region? Ibadan was not listed? Was it a province then but not listed or its population was subsumed in the listed Oyo or Abeokuta provinces which were the only 2 provinces listed for present day southwest? 1 Like |
![]() |
wirinet: The Police statement was issued when Lagos state governor initially shut down open markets. It doesn't apply to the total shutdown declared by the president. |
![]() |
alsudan: Lies exposed 3 Likes
|
![]() |
Arrant nonsense. Where does Omo-Agege hope to get 24 state governments to support this constitutional amendment that is patently skewed against the governors? 1 Like |
![]() |
Why is Jagaban of Borgu not among? He is a defender of herdsmen "Where are the cows?" 2 Likes |
![]() |
Daviddson: Not necessarily concocted. They could have been given as exclusive story by an insider either in the embassy or in Winners. They would think they had caught a big fish especially if previous stories from the same source were genuine, not knowing they were sold fake this time around. 1 Like |
![]() |
oyinkel: Why blame northerners instead of your state politicians that lack principle? In Bauchi and Sokoto states, APC dominates the 2 houses of assembly but they have PDP governors. Nobody decamped in the two states. PDP has just been robbed in Imo, many are jumping ship within hours. 3 Likes |
![]() |
soberdrunk: Wealth is not profit. Tax is payable on profit not value. The wealth attributed to him is from valuations of his companies. It doesn’t mean that the companies made $4.9 billon profit in 2019. You read there that the turnover (not profit) of his biggest company was $2.5 billion in 2019. The profit thereon must be significantly less than that after deducting costs. 5 Likes 2 Shares |
![]() |
Litmus: That place is Mpape. A squalor sort of and most of the buildings are not approved. There have been series of demolition notices but government always bucked at the last moment |
![]() |
Dottore: No. One. Most 6 cylinder engine (V6) cars require 3 catalytic converters. 2 in the two ports that join the exhaust to the engine and 1 in the middle port of the exhaust. |
(1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11) (of 31 pages)
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 78 |