ositadima1:


Why? I been read am somewhere. Where person go dey adjust him portfolio between fix income assets like government bonds and riskier assets like stocks. I hear say him dey help protect against serious crash like d one way COVID19 carry come. U feet look into am sha. No knowledge be waste.

That is the essence of diversification across different asset classes.


Dr Awo, this gentleman will be a good guest on your show

emmanuelewumi:





That is the essence of diversification across different asset classes.


Dr Awo, this gentleman will be a good guest on your show

Dr Awo, I am looking foreward to listening to Oga Emma on the show. Thanks for the good work

SmartMoneyGuy:


Dr Awo, I am looking foreward to listening to Oga Emma on the show. Thanks for the good work

I support this motion with my full chest!

Thanks everyone for the suggestions...

We are already working on bringing a few big names here to the podcast... We need to learn from their experience and knowledge base...

By Gods grace, very soon...

I appreciate the suggestions though... Let's keep them coming!

Thanks...

Thank you

yMcy56:

Lol at explain to me like 5yrs old...

Well from my understanding here:
1. Access Bank is transiting to HOLDCo structure..
2. Already got an approval to go ahead with the scheme of arrangement thru a Court Ordered meeting held with her shareholders....
3. The entire issued ànd fully paid up shares of ACCESS BANK PLC will be deleted..........and the same entire shares will now be re-listed under ACCESS HOLDING PLC.......
4. The process (in number 3) will be done before payment of dividend on April 28, 2022....
5. Payment of Final dividend of 0.70k will now come under "ACCESS HOLDING PLC (HOLDCo).......no longer under Access Bank...
6. Since the payment of the Final Dividend will be coming under ACCESS HOLDCO for the first time, it will be regarded as "interim dividend' ......'Interim' from ACCESS HOLDCO.......AND "Last and Final Dividend from Access Bank......
**Item 7** If you have Access bank shares, you don't have to panic, you'll all be moved to Access HOLDCo and still collect your menu (dividend) and continue from there ** ......just like GTB did.

That's what I understand it to be........ we'll get to know more details from analysts maybe later.

Eku market ooooo

wanaj0:
Eku market ooooo

Oga Wanaj0!!!!!! Please, don't greet us alone, can you PLEASE give us your Nuggets for this Year? The Family will appreciate it.

Thank you SIR!!!!!!!

wanaj0:
Eku market ooooo

Borin Market

Mpeace:
Forget kiyosaki. I have been following him on facebook for a very long time now, all his predictions have not come to pass so far.

The guy makes more money from his books and seminars than following the strategies he recommends.

Investing Requires Patience

"Nobody who plants corn digs up the kernels in a day or two to see if the corn has sprouted, but in stocks most people want to open an account at noon and get their profit before night."

~Charles Henry Dow

December 5, 1901.

@Good day All,

I don't know much about Nigeria stocks, my quick technical analysis doesn't make alot of sense with what I know. Most stocks do have enough volume and have increase for much for the past years. Currently I have some unused funds I don't want to keep in my savings account. What are the long term stocks you can recommend, I thought of buying Guinness, Seplat, PZ, Dangcem, Holleywell, MTNN, GTBank, and JBERGER.

Note, these stocks are going to be in my portfolio for a very long time

Thanks for your feedback

What are the strong fundamental stocks you can recommend? Thanks

yMcy56:

Bros, seems you're a billionaire .......nah everything recommended you dey buy?

........and to say that you always dash NSE money self .......e be like say I go need some loan from you oooo.

Think it will be better you just pump your money on sound fundamental stocks and be collecting dividends yearly..........while you retain small portion, say 10% or 5% (depending on your pocket) of total fund for JIJO biz, this way, you'll limit the extent of jumping around in all stocks.
It's also good to always ask questions if you're not very sound in carrying out due diligence.......

One of the issues with Ellah Lakes is illiquidity. Sometimes ago, the directors holding unto it were told to release some for free float but I don't think it was followed thru by SEC or they're not mandated to relinquish some shares.......not very sure again.

If you must jump around as a newbie maybe, try and be buying fundamental ones at least.......with this you can convert to medium/long term if it's not meeting up with the target..........just my humble opinion anyway.

They have scammed people again & they won’t learn from ordeals��

4,500 Investors were promised mouthwatering return on investment to commit their funds running into billions of naira in Chinmark Group said to be into real estate, logistics, hospitality, and food businesses.

sonofElElyon:

Abi na she?

No be she o.
It shows you didn't read past pages on this thread.......@Godisfaithful na one of the ogas at the top here....... Mcy na learner beside dem.

Transcorp: So after all the failed promises and postponements, transcorp were still not able to submit their results yesterday. Hmmm... wahala dey oh.

log1:
What are the strong fundamental stocks you can recommend? Thanks

Since you're for long term I think the fundamentally sound, consistent Dividend paying stocks will be more like it for you.......
The list you gave are good, but from my personal angle, if it's me, I'll remove Guinness and Seplat for now.......reason being that the current prices are high for me, you may consider them if there's pullback (price falls below CP).
F.U.G.A.Z is good.............no shaft there for me........and, you can actually take part in the coming dividends for F.G.A.Z "if you so wish" OR wait till after markdown before entering the bus.......

Stocks in Food and consumer goods are also good.
You can also do you DD and pick from the list.........Unilever, FMN, UCAP, NB, Fidelity, FCMB, APR, Custodian, Wapco, Vitafoam, GSK, Nestle, Total, Airtel, NGXGROUP.....
The two Oil palm stock prices have gone up OKOMU & Presco), you can wait for pullback and pick from the sector....
There are still quite some others in the Small, Medium and Big Cap categories......such as NPFMFB, Lasaco, Learn Africa etc.

**Note**
* Don't go for too many stocks
* Have a strategy in place.....to be buying more and topping up the ones you have whenever market dips (price falls)
* You have to fill E-Dividend forms for your stock picks and register with Nigerian broker with digital portal to be able to trade
* Deal with your emotions. Not healthy for any long termer to be watching and monitoring daily price movmts of stocks. Patience is a virtue here.
* Regular review and assessment is good for your picks.

* GTCO: The final qualification Date for dividend is tomorrow 23/3/2022.

Still typing......

FIDELITY
Sighted @3.10!! ....3.20!!!
How much dividend is the bank coming with this time around?

PZ Vs. UNILEVER
Both companies seems to be on recovery path......
PZ sighted @above 8......Gave dividend of 25k in Jan 2022....for 2021 fye..

UNILEVER on the other hand also exited loss position..........had dividend consideration as one of the agenda for the last Board meeting held on 17/3/22, also on the agenda was the deliberation on the issue of "Unissued Shares". Awaiting the outcome.

**Caveat: Just market observation. DD advised**

yMcy56:

No be she o.
It shows you didn't read past pages on this thread.......@Godisfaithful na one of the ogas at the top here....... Mcy na learner beside dem.

Oh ok... So "E kuu market" is common parlance then

sonofElElyon:
Oh ok... So "E kuu market" is common parlance then

Yes. Na @Currentprice copyright.

My brother, I tire o!!

Mpeace:
Transcorp: So after all the failed promises and postponements, transcorp were still not able to submit their results yesterday. Hmmm... wahala dey oh.

UACN
Sighted @12.20!!
Something is brewing here......

The NGXGROUP guys are in market again!!

Btw, where's Peter?

From proposed dividends so far.........from 16 coys...
Who says dividend is not good......
https://nairametrics.com/2022/03/22/investors-to-earn-over-n780-billion-from-proposed-2021-dividends/

yMcy56:

Yes. Na @Currentprice copyright.

O ga ju !

@yMcy56,

Why did you omit JB? What is your thought on JB?

Thanks

yMcy56:
FIDELITY
Sighted @3.10!!
How much dividend is the bank coming with this time around?

PZ Vs. UNILEVER
Both companies seems to be on recovery path......
PZ sighted @above 8......Gave dividend of 25k in Jan 2022....for 2021 fye..

UNILEVER on the other hand also exited loss position..........had dividend consideration as one of the agenda for the last Board meeting held on 17/3/22, also on the agenda was the deliberation on the issue of "Unissued Shares". Awaiting the outcome.

**Caveat: Just market observation. DD advised**

UNILEVER
Another emergency board meeting to hold on 23rd March, 2022......
Think this time, with the new Executive Director in attendance......
https://doclib.ngxgroup.com/Financial_NewsDocs/35323_UNILEVER_NIGERIA_PLC%20_NOTICES_OF_BOARD_MEETING_(BM)_%20.pdf

kalkah:
@yMcy56, Why did you omit JB? What is your thought on JB?
Thanks...

Cos I don't have update on it for now....

Besides, the list in my reply to that Oga was in addition to the stocks he already mentioned.....which includes JB.
JB is for the extra patient ones.

Thanks for your time, I really appreciate the info @yMcy56

LAGOS, NIGERIA – MARCH 22, 2022
RESOLUTIONS OF THE BOARD OF DIRECTORS OF CHEMICAL AND ALLIED PRODUCTS PLC
At the Meeting of the Board of Directors (the “Board”) of Chemical and Allied Products Plc
(the “Company”) held on Monday March 21, 2022 at No 2 Adeniyi Jones Avenue, Ikeja, Lagos
at 10.00am, the Board resolved as follows:
1) That the Audited Financial Statements of the Company for the Year Ended December
31, 2021 be and are hereby approved; and that same be submitted to the NGX
Regulation Limited, Securities and Exchange Commission and any other relevant
regulator no later than March 31, 2022.
2) That Mr. Yomi Adenson be and is hereby appointed as Executive Director of the
Company with effect from April 1, 2022 subject to approval of the shareholders at the
next Annual General Meeting.
3) That Mrs. Ifeoma Chuks-Adizue be and is hereby appointed as Executive Director of
the Company with effect from April 1, 2022 subject to approval of the shareholders at
the next Annual General Meeting.
4) That a dividend of 125 Kobo per ordinary share of 50 Kobo each be recommended for
payment to the shareholders subject to appropriate withholding tax and the approval
of the shareholders at the Annual General Meeting.
5) The Board hereby recommends the following resolutions to the shareholders of the
Company for consideration and approval as special business at the Annual General
Meeting of the Company scheduled to hold on Thursday, June 16, 2022:
5.1. That in connection with the dividend to be declared by the Company in respect of the
year ended 31 December 2021:
(a) shareholders entitled to receive cash dividends be offered a right of election to
receive ordinary shares in the Company (“New Ordinary Shares”) instead of
cash dividends, and that such New Ordinary Shares be credited as fully paid;
and when issued, shall rank pari passu in all respects with the Company’s
existing ordinary shares;
(b) the election to receive ordinary shares instead of cash dividends shall have
been exercised by shareholders on or before June 7, 2022;
(c) the New Ordinary Shares to be received by Shareholders shall be determined
by their cash dividend entitlements divided by a Reference Share Price, which
Reference Share Price shall be the ten-day average (starting on June 2, 2022)
of the Company’s closing share price on the floor of Nigerian Exchange Group;
and
(d) further to the above approval, the Directors be, and are hereby, authorised to
allot to shareholders who elect to receive ordinary shares in the Company in
lieu of cash dividends, such number of New Ordinary Shares as shall be
determined by the Directors in the manner set out in resolution (c) above.
5.2 That upon completion of the process for the payment of dividend (including without
limitation, the allotment of the New Ordinary Shares to shareholders who elect to receive
same); and pursuant to Article 47 of the Articles of Association of the Company and
Section 131 of the Companies and Allied Matters Act No. 3 of 2020 (as amended), the
Company be and is hereby authorised to reduce its share capital by the cancellation of
the total number of unissued ordinary shares in the share capital of the Company; subject
to obtaining all relevant regulatory approvals and the order of the Federal High Court
confirming the reduction of share capital.
5.3 That subsequent to the cancellation of all of the unissued shares in the share capital of the
Company in accordance with resolution 5.2 above, Clause 6 of the Memorandum of
Association and Article 3 of the Articles of Association of the Company be amended as
necessary to reference only the issued shares in the share capital of the Company.
5.4 That the Directors be and are hereby authorised to take all such lawful steps, pass all
requisite resolutions and do all such other lawful acts and/or things as may be necessary
for and/or incidental to giving effect to resolutions 5.1, 5.2 and 5.3 above; and all prior
lawful steps taken by the Directors in the above regard be and are hereby ratified.
Dated this 21st day of March 2022

https://doclib.ngxgroup.com/Financial_NewsDocs/35327_PRESCO_PLC%20_NOTICES_OF_BOARD_MEETING_(BM)_%20_NOTICE_BOA.pdf

Please has FBNH declared dividend?

@mcy, CP,

What is the implications for the shareholder .?

holm:
LAGOS, NIGERIA – MARCH 22, 2022
RESOLUTIONS OF THE BOARD OF DIRECTORS OF CHEMICAL AND ALLIED PRODUCTS PLC
At the Meeting of the Board of Directors (the “Board”) of Chemical and Allied Products Plc
(the “Company”) held on Monday March 21, 2022 at No 2 Adeniyi Jones Avenue, Ikeja, Lagos
at 10.00am, the Board resolved as follows:
1) That the Audited Financial Statements of the Company for the Year Ended December
31, 2021 be and are hereby approved; and that same be submitted to the NGX
Regulation Limited, Securities and Exchange Commission and any other relevant
regulator no later than March 31, 2022.
2) That Mr. Yomi Adenson be and is hereby appointed as Executive Director of the
Company with effect from April 1, 2022 subject to approval of the shareholders at the
next Annual General Meeting.
3) That Mrs. Ifeoma Chuks-Adizue be and is hereby appointed as Executive Director of
the Company with effect from April 1, 2022 subject to approval of the shareholders at
the next Annual General Meeting.
4) That a dividend of 125 Kobo per ordinary share of 50 Kobo each be recommended for
payment to the shareholders subject to appropriate withholding tax and the approval
of the shareholders at the Annual General Meeting.
5) The Board hereby recommends the following resolutions to the shareholders of the
Company for consideration and approval as special business at the Annual General
Meeting of the Company scheduled to hold on Thursday, June 16, 2022:
5.1. That in connection with the dividend to be declared by the Company in respect of the
year ended 31 December 2021:
(a) shareholders entitled to receive cash dividends be offered a right of election to
receive ordinary shares in the Company (“New Ordinary Shares”) instead of
cash dividends, and that such New Ordinary Shares be credited as fully paid;
and when issued, shall rank pari passu in all respects with the Company’s
existing ordinary shares;
(b) the election to receive ordinary shares instead of cash dividends shall have
been exercised by shareholders on or before June 7, 2022;
(c) the New Ordinary Shares to be received by Shareholders shall be determined
by their cash dividend entitlements divided by a Reference Share Price, which
Reference Share Price shall be the ten-day average (starting on June 2, 2022)
of the Company’s closing share price on the floor of Nigerian Exchange Group;
and
(d) further to the above approval, the Directors be, and are hereby, authorised to
allot to shareholders who elect to receive ordinary shares in the Company in
lieu of cash dividends, such number of New Ordinary Shares as shall be
determined by the Directors in the manner set out in resolution (c) above.
5.2 That upon completion of the process for the payment of dividend (including without
limitation, the allotment of the New Ordinary Shares to shareholders who elect to receive
same); and pursuant to Article 47 of the Articles of Association of the Company and
Section 131 of the Companies and Allied Matters Act No. 3 of 2020 (as amended), the
Company be and is hereby authorised to reduce its share capital by the cancellation of
the total number of unissued ordinary shares in the share capital of the Company; subject
to obtaining all relevant regulatory approvals and the order of the Federal High Court
confirming the reduction of share capital.
5.3 That subsequent to the cancellation of all of the unissued shares in the share capital of the
Company in accordance with resolution 5.2 above, Clause 6 of the Memorandum of
Association and Article 3 of the Articles of Association of the Company be amended as
necessary to reference only the issued shares in the share capital of the Company.
5.4 That the Directors be and are hereby authorised to take all such lawful steps, pass all
requisite resolutions and do all such other lawful acts and/or things as may be necessary
for and/or incidental to giving effect to resolutions 5.1, 5.2 and 5.3 above; and all prior
lawful steps taken by the Directors in the above regard be and are hereby ratified.
Dated this 21st day of March 2022

kalkah:
@mcy, CP,
What is the implications for the shareholder .?

Foremost: Be aware that all companies with Unissued Share Capital has been mandated to get rid of it by December 2022 as deadline.....by CAMA (Companies And Allied Matters ACT 2020)

For CAP PLC:
1. A dividend of N1.25 Kobo has been declared for the 2021 FYE (Financial Year End)
2. Shareholders will be given an option to collect "New Ordinary Shares" instead of dividends
3. New shares will be pro-rated with the dividends entitled....e.g. if your entitled Dividend is 300k, you chose to collect New shares instead, your 300k will be divided by the share price asat the stipulated date (let's say it's N19), will be 300÷19=15.75.......this may be rounded up to 16.....or as the coy deemed fit on a ten-day average basis.
4. Deadline for communicating your decision is 7th June,2022
5. After completion of the whole process of issuing new shares to individuals who decided/opted to collect shares instead of Dividend, AND payment of dividend to those who opted for it, the company's Unissued Share Capital shall be deleted.
6. .......and it would have become an understanding that CAP PLC already dealt with her Unissued Capital and done with.

**Implications? No implications.......than for you to opt for new shares instead of Dividend or collect Dividend. There may be form to fill for this. The Coy is expected to communicate further on this.
** Na Wetin I understand be this.

yMcy56:

Since you're for long term I think the fundamentally sound, consistent Dividend paying stocks will be more like it for you.......
The list you gave are good, but from my personal angle, if it's me, I'll remove Guinness and Seplat for now.......reason being that the current prices are high for me, you may consider them if there's pullback (price falls below CP).
F.U.G.A.Z is good.............no shaft there for me........and, you can actually take part in the coming dividends for F.G.A.Z "if you so wish" OR wait till after markdown before entering the bus.......

Stocks in Food and consumer goods are also good.
You can also do you DD and pick from the list.........Unilever, FMN, UCAP, NB, Fidelity, FCMB, APR, Custodian, Wapco, Vitafoam, GSK, Nestle, Total, Airtel, NGXGROUP.....
The two Oil palm stock prices have gone up OKOMU & Presco), you can wait for pullback and pick from the sector....
There are still quite some others in the Small, Medium and Big Cap categories......such as NPFMFB, Lasaco, Learn Africa etc.

**Note**
* Don't go for too many stocks
* Have a strategy in place.....to be buying more and topping up the ones you have whenever market dips (price falls)
* You have to fill E-Dividend forms for your stock picks and register with Nigerian broker with digital portal to be able to trade
* Deal with your emotions. Not healthy for any long termer to be watching and monitoring daily price movmts of stocks. Patience is a virtue here.
* Regular review and assessment is good for your picks.

* GTCO: The final qualification Date for dividend is tomorrow 23/3/2022.

Still typing......

@log1,

You need to buy ymcy56 a delicious meal with natural fruit juice. this a great advice. All you need to do is DD and DD with DD....at the end DD is very important. the only next thing that is more important than DD is your investment or money psycology and strategy.

Thank you ymcy56 always for you golden advice