Mpeace:
I just hope no body bought wapco at 30 with borrowed money.

ololufemi:


This question wey you dey ask this early morning get as e be o! Wetin happen o my dear?

Mpeace:
My brother, I had wapco and added more at that price. I don dey cry since last week. If you see wetin wapco and mtn do me ehhh.
They both raised my portfolio and suddenly wanted to give me heart attack.
On two different days, both of them cut atleast N1.2m/day.
They gave me joy and took it back. I just dey wonder wetin people dey go through.

Mpeace:
My brother, I had wapco and added more at that price. I don dey cry since last week. If you see wetin wapco and mtn do me ehhh.
They both raised my portfolio and suddenly wanted to give me heart attack.
On two different days, both of them cut atleast N1.2m/day.
They gave me joy and took it back. I just dey wonder wetin people dey go through.

Mpeace:
My brother, I had wapco and added more at that price. I don dey cry since last week. If you see wetin wapco and mtn do me ehhh.
They both raised my portfolio and suddenly wanted to give me heart attack.
On two different days, both of them cut atleast N1.2m/day.
They gave me joy and took it back. I just dey wonder wetin people dey go through.

Mpeace:
My brother, I had wapco and added more at that price. I don dey cry since last week. If you see wetin wapco and mtn do me ehhh.
They both raised my portfolio and suddenly wanted to give me heart attack.
On two different days, both of them cut atleast N1.2m/day.
They gave me joy and took it back. I just dey wonder wetin people dey go through.

Agbalowomeri:


But WAPCO major move will come JULY-OCT
Na just consolidation things dey go on

yMcy56:
DIVIDEND QUALIFICATION DATES IN JUNE 2022
1. DANGSUGAR: N1 ..........01/06/22
2. ECOBANK: $0.0016........03/06/22
3. SKYWAY: 0.0165............03/06/22
4. UACN: 0.65k .................07/06/22
5. COURTVILLE: 0.04k............09/06/22
6. CAP PLC:. N1.25 ...............11/06/22
7. BETAGLASS: N1.10 + 1:5 Bonus......... 10/06/22
8. MCNICHOLS: 0.03k + 6:5 Bonus...........30/06/22


** DANGCEM and CONOIL marked down today 31/05/22 for N20.00 and N2.50k Dividends**

Mpeace:
Totalenergies 17/06/22

yMcy56:
DIVIDEND QUALIFICATION DATES IN JUNE 2022
1. DANGSUGAR: N1 ..........01/06/22
2. ECOBANK: $0.0016........03/06/22
3. SKYWAY: 0.0165............03/06/22
4. UACN: 0.65k .................07/06/22
5. COURTVILLE: 0.04k............09/06/22
6. CAP PLC:. N1.25 ...............11/06/22
7. BETAGLASS: N1.10 + 1:5 Bonus......... 10/06/22
8. MCNICHOLS: 0.03k + 6:5 Bonus...........30/06/22


** DANGCEM and CONOIL marked down today 31/05/22 for N20.00 and N2.50k Dividends**

yMcy56:

TOTAL already passed.
Qualification date was 22/04/22......Payment date is 17/06/22

yMcy56:
TRANSCORP
Looks like Tony and his cronies hands are now in it.......what we've waited for.
We see how they handle it's case in coming days........how it's handled will proof if he's now now actually involved or not.

** Don't take my words for it. Just speculations. Jijoist should be watching this space for pullbacks**

Heishere:
Pls what would be the price of MCNICHOLS after markdown?

Mpeace:
85million bid vs 57million offer. That one alone is confusing.

yMcy56:

It depends on the closing price as at 30/06/22.

Let's say it closed @N3 for instance, then:
Bonus markdown: 6÷5 x 3 = 3.6 ÷2 =1.8
So, the opening price by July 1st will be N1.80k

**Factoring in the 0.03k dividend will be : 1.80 minus 0.03 = N1.77k**

If the closing price is more than that, then expect opening price higher than N1.8 ........ following the calculation above.

** Hope this my calculation is correct: make I check again:
3÷2 =1.5.......Opening price should be less than 1.5 I think.....

Heishere:

Lol. I don't know which one is correct now. But the coco be say it will be between 1.5 and 1.8 if the closing price is N3. Thanks.

samguru:


My brother/sister, the unclear signal bothers on scrip issue and heavy dividend. Still tuning my antenna for clear signal sha

yMcy56:

It depends on the closing price as at 30/06/22.

Let's say it closed @N3 for instance, then:
Bonus markdown: 6÷5 x 3 = 3.6 ÷2 =1.8
So, the opening price by July 1st will be N1.80k

**Factoring in the 0.03k dividend will be : 1.80 minus 0.03 = N1.77k**

If the closing price is more than that, then expect opening price higher than N1.8 ........ following the calculation above.

** Hope this my calculation is correct: make I check again:
3÷2 =1.5.......Opening price should be less than 1.5 I think.....

onegentleguy:
As I said then, use the formula:
• Mp= Pbm- Dd... where a coy declares a dividend only.
• Mp =Pbm- [Pbm(Br/Br+1)]... where a coy declares a bonus only.
And
• Mp= (Pbm- Dd)/(1-1/Br)... where a coy declares both a bonus and dividend.

Note: Mp is markdown price, Pbm is price before markdown, Br is the bonus ratio while Dd is the dividend declared.

Using the 3rd where MACNICHOLS applies...
Bonus is 6 for 5 or 6:5
Dividend is 0.03k
Now if we assume a Pre Markdown price of N3, then Pbm= 3... Hence Markdown price, Mp= (3-0.03)/(1-1/6÷5)
In math, 1/v÷y is equal to 1x y/v (the Rule of DDoN)
So 1/6÷5 is the same as 1x5/6= 5/6
Hence Mp= (2.97)(1-5/6)= 2.97x1/6= 0.495k

Hope it's clear now.

onegentleguy:


No... actually the price of MACNICHOLS post bonus and dividend markdown should be N1.35 assuming a N3 pre-markdown price.

At 1st glance, the way to know is that a 1.2x multiplier effect on bonus will by implication, result to a 0.8x (80+%) drop-down impact on price. (pre-markdown peg)

Have highlighted these stuffs in time past.
...will just do a recap.
As I said then, use the formula:

1) Mp= Pbm- Dd... where a coy declares a dividend only.

2) Mp =Pbm- [Pbm(Br/Br+1)]... where a coy declares a bonus only.
And

3) Mp= (Pbm- Dd)/(1+Br)... where a coy declares both a bonus and dividend.
Pls pardon me, I initially made a mistake on the formula for the 3rd, but which has now been modified. ...however, the 1st and 2nd remains the same.

Note: Mp is markdown price, Pbm is price before markdown, Br is the bonus ratio while Dd is the dividend declared.
I had proven these formulas back then so those wondering how they were derived might wish to surf through my past post for guidance.

Using the 3rd formula where MACNICHOLS applies...
Bonus ratio Br is 6 for 5 or 6/5
Dividend Dd is 0.03k
Now if we assume a Pre Markdown price of N3, then Pbm= 3... Hence Markdown price, Mp= (3- 0.03)/(1÷6/5)= (2.97)÷(11/5)
In math, 1/v÷y is equal to 1x y/v (the Rule of DDoN)... So (2.97)÷(11/5) is the same as 2.97x5/11.
Hence Mp= 2.97x5/11= 14.85/11= 1.35.
This is the ACCURATE estimate!

In this instance, there'll be no need for an approximate or round off figure to the Mark down price since the company MACNICHOLS is a Penny stock tradable within the said peg of N1.35.
Depending on the coys pre-markdown price, Mp peg can always be computed using this guide.

Hope it's clear now.

Btw, for those who sent me Pms and messages asking what I'd do if I hold the coy (MACNICHOLS)...
Well, it depends on why you bought a stake in the company. ...was it with an INTENT to trade or invest?
While there are few positives looking at the coys last spate of FPs, I'd prefer to exit before Markdown.

A food for thought; Think of what the part in italics above can do to what in the short term, could've been due to you as a shareholder.
But then again, the company may have decided on this part for good reason. (that will be a discussion for another day)

CAVEAT: Pls read through my signature below.

Regards
#MODIFIED

onegentleguy:
@mcy56 you might want to note the change/modification to my previous post on this.
Made a typo error on the formula but which has now been corrected.

N1.35 should be the absolute correct figure for the coy MACNICHOLS if we assume a pre-markdown price of N3.
And depending on the coys pre-markdown price, you can always calculate the Markdown price, Mp using the formula above.
Regards

yMcy56:
Best Performing Nigerian Banks Judging By Q1 2022 Numbers
https://nairametrics.com/2022/05/31/exclusive-best-performing-banks-in-nigeria-judging-by-the-numbers-q1-2022/?amp=1

If you're holding your Zenith, hold tight, if it dips further and you have enough/spare funds, buy more to average down....

FIDELITY, WEMA, FCMB, UBA, FBNH, STANBIC, STERLING, in fact, all the banks....,... get one position or the other....

** Overall Scorecard**
5 best Positions in descending order:
ZENITH: 1st position, followed by WEMA, FIRST BANK,
STANBIC and FIDELITY.

yMcy56:

Thanks boss.
I went over the formula again not long ago, said I'll call your attn to the "1 (one)" that appeared twice.
I also thought it was typo too.
I got around 1.48, then did another pry calculation and got around that 1.35 as well......of course using your formula as guide.
Will recheck the modification and also try it again.
Thanks sir.

onegentleguy:
I remember when some persons were arguing with me on WEMA here... when the coy was trading for <54k.
At the time, I said that the bank was the best GROWTH STOCK in the banking sector.
And they were almost going to crucify me.
well, the rest is history now.

Mr Time has now helped put matters in their right perspective.
You see why I love that man Mr Time!
It is well.