GLOBAL SPECTRUM ENERGY
Voluntary delisting in progress...
https://doclib.ngxgroup.com/Financial_NewsDocs/35377_GLOBAL_SPECTRUM_ENERGY_SERVICES_PLC%20NOTIFICATION_ON_TH.pdf

debeey87:


I did some calculation looking at their half year result with EPS of 0.65k. if they replicate same in the remaining 2 quarters, final eps will be above 1naira.

Their dividend payout ratio is also very good at least going by the last one. Anyone who gets it at sub 5-6 might enjoy good dividend yield in the next 2yrs. Just my layman analysis Sha. Q3 result is also expected anytime soon

Curry30:


Probably improved performance or a return to profitability. I also noticed the steady climb since early February

samguru:
Big Bear is coming

Willie2015:


Not yet, Bros
For some selected stocks...
Total corporate action is O/S..
Dividend should look solid....
Expectin a move to N300 .....
Seplat quarterly report should look good
With another interim div in May...
Amukpe-Escravos pipeline is operational...
Oil receipts should move up with the bullish oil market...
Coupled with gas volume...
It should recover back to above N1000 price per share..

yMcy56:
Oga Mpeace I know say you be lawyer..... .....but before employing legal means, try and do small findings, this issue might not even be so hard like that, may be negligence on the part of someone....

Get your broker, CSCS and APR on their toes, involve SEC and let them sort it out for you thru email/phone calls....or if closer, physical visits.

Legal should come as a last option........but na my own I dey talk sha, una language dey different...... but with that, you still needed facts. Hope I'm not blocking someone case here....

customstreet:


Just to add to what u said. Any infringement in the capital market to be address must follow the following orders:

1. You may get a lawyer or the investor himself to write to the securities house who committed the infringement

2. If it cannot be resolved, then write NGX to table your complains. The letter should be addressed to Surveillance and Monitoring Dept of BDR. The letter may be written by the investor or his lawyer.

3. NGX will forward your complain to the Securities house and ask them to restitute you within a stipulated date

4. If the house cannot restitute you within a stipulated date given to them, another letter would be written to them for the second chance for the investor to be restituted by the Securities house.

5. After the second attempt, and the house cannot restitute the investor, the house trading will be suspended

6. Depending on the value of the infringement, if the value is more than 5million, EFCC would be drafted in to take over the case

7. The house would be invited for all parties meeting with the investors by the NGX

8. If the house license has been withdrawn and the house is declared death, the investor will be compensated to the tune of N400,000 by NGX from the IPF (investor Protection Fund).

9. If the investor decides to collect the money, an agreement and application form will be filled and sign by the investor exonerating NGX from any legal tussle going forward.

10. However, if the investor decides not to collect the money, the case will be referred to SEC using APC to take over the case. Meanwhile EFCC will still be on the onslaught against the securities house or the person that committed the crime

11. If the house is inactive but not dead, on the part of the NGX, the case would be referred to the DRP to look at a way forward

12. If DPR cannot find solution, and it is obvious that securities house committed the offense, the trading license could be withdrawn by panel constituted by the NGX

13. If the case cannot be resolved by APC of SEC, which takes the form of High court, then the case is referred to DPR is SEC

14. DPR is similar to appeal court, if the case cannot be resolved, it then means that it will be transfer to IST which is the final arbiter in r try he capital market case

15. EFCC will handle the criminal case of the matter while IST will resolve the civic aspect of the matter

Add your own to this please

Biafran4life:
If my personal income tax for the year from my business is #50.Then I declare my dividend income with a WHT of #50..Can they now give me a tax receipt/certificate of #100

Mpeace:
https://doclib.ngxgroup.com/Financial_NewsDocs/35385_TRANSNATIONAL_CORPORATION_OF_NIGERIA_PLC%20_AUDITED_FINA.pdf
PAT and eps appears to be awesone 23.8billion and 34kobo respectively, but dividend(2kobo) is clearly unreasonable.
My gamble stock clearly shows itself as a useless stock. I go sell on monday.

owolabi5:
One Oga told us they will be conservative in paying dividends because of debt servicing and capital intensive projects they are embarking on.

GANDALF1:
The Nigerian leaders always know the right thing to do in other to move the country forward, but they will never do it because they will lose the gains of the rot they are presently enjoying.

Tell me why a bank will have to submit its result to CBN for vetting and approval, before its release to the public?

Also, why must company results be submitted to SEC for publishing on its disclosures website?

If you think the banks are flouting rules in their financial reporting, why not set up hefty fines and sanctions, and punish them when they are found guilty of manipulating results?

The reason is simple!

CBN wants their cut from the largesse. SEC also wants their cut too

Now, a bank sends in results. CBN staff "vets" it and sees the result before everyone, and then if the result is fantastic what happens? The staff gets some for their self, informs friendly colleagues in other departments to do same, notifies their family members to do same, church or mosque members, et al.

And when they get their fill, they forward same result to SEC to repeat the same process, before the result is published on the disclosures website.
Effect: Huge short-term trades before and after the release of results that profits individuals who never invested in the company whereas there are people who invested their money in the companies for long term and whose value is being depreciated.

How it should be:
First, companies should have a direct access to the NGX disclosures website and should upload disclosures directly from their investor relations or corporate office. No other eye should see disclosures before the public apart from the directors of the company, who also should be monitored for insider trades from time to time.

Finally, banks should upload their disclosures and results directly to the NGX disclosures site after audit or release. CBN should investigate and vet the results after release for discrepancies. If any discrepancy is found, then the bank should be fined heavily and the directors sanctioned appropriately.

BUT... will this be implemented? Oga at the top no go gree because money go commot from him table

Bad condition!!!

samguru:
Big Bear is coming

PETERiCHY:
SMART TRADERS should patiently wait for TRANSCORP @70k junction.
Know this and know peace.

BARGAIN HUNTERS TAKE NOTE!

sonofElElyon:


Just sold all of mine at 98 Kobo

Which bargain sef? 2kobo dividend company

Phlinx:


What if 98 will be the lowest point?

Wapgod:
When is updcreit and sfsreit declaring and distributing dividends for 2021?

Phlinx:


What if 98 will be the lowest point?

PETERiCHY:


What if 68 will be the lowest point?

PETERiCHY:
This what happens when you follow MOTIVATIONAL SPEAKERS to invest in NSE

PETERiCHY:
This what happens when you follow MOTIVATIONAL SPEAKERS to invest in NSE

sonofElElyon:


Just sold all of mine at 98 Kobo

Which bargain sef? 2kobo dividend company

GANDALF1:


Where is your boss, locomotive, that pushed you into this agbero stock?

I thought he was the best thing to be invented after slice bread?

70years old man Now dem never leave you?

They have left you behind

Wapgod:
When is updcreit and sfsreit declaring and distributing dividends for 2021?