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Re: Nigerian Stock Exchange Market Pick Alerts by leparj(m): 8:31am On Jun 24, 2022 |
Just saw an e-mail from Meristem Registrars(sent yesterday) informing me that withholding tax was not deducted from the FBNH dividend I was paid. That they want to reverse the entire dividend and then pay me the dividend after deducting the 10 % WHT. Na wao. Is this how these things are done? I thought they deducted the WTH. I have never had this kind of experience. And I have been collecting dividends for over 15 yrs now. And I have withdrawn the entire dividend and reinvested it by buying more shares. Just replied them so. That it will not be possible for them to reverse the entire dividend cos I have reinvested it. |
Re: Nigerian Stock Exchange Market Pick Alerts by Mpeace(m): 8:53am On Jun 24, 2022 |
leparj:Meristem are not so efficient in handling such a big company like FBNH. First registrars were doing a wonderful job, and had more branches across the country. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by leparj(m): 9:06am On Jun 24, 2022 |
Mpeace: It is appearing so. Wondering why the change just before the dividends. Sincerely, I have reinvested the whole dividends. I just hope and pray they will understand with me. |
Re: Nigerian Stock Exchange Market Pick Alerts by leparj(m): 9:10am On Jun 24, 2022 |
I don't even ve the withholding tax now to pay back to them. But I could pay that back to them in a week's time or so. Only the WHT which is 10%. |
Re: Nigerian Stock Exchange Market Pick Alerts by Tpharell: 9:15am On Jun 24, 2022 |
leparj:I don't see how there is any wrong on your part for utilizing dividend funds paid into your account. They should patiently wait until such a time you are able to fund your account before taking whatever the computed wht amounts to. But their personnel responsible for such blunder has probably already been shown the way out |
Re: Nigerian Stock Exchange Market Pick Alerts by sirrotex: 9:17am On Jun 24, 2022 |
I am just thinking of the legality of them reversing funds from my account without my consent 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by Heishere: 9:24am On Jun 24, 2022 |
sirrotex:It is legal according to CBN guideline on instant payments. They didn't reverse mine although it was paid late. |
Re: Nigerian Stock Exchange Market Pick Alerts by OBAGADAFFI: 9:59am On Jun 24, 2022 |
Mpeace: Actually, Meristem has always been more efficient than First registrars. This is the first FBNH dividend payment after the Migration from the First registrars. I suspect they might be having issues with the FBNH Sharehoders database from First registrars. |
Re: Nigerian Stock Exchange Market Pick Alerts by dharpzee: 11:25am On Jun 24, 2022 |
Some have been paid already. Seems they have to do it batches, because of the volume. OBAGADAFFI: |
Re: Nigerian Stock Exchange Market Pick Alerts by Marscom(m): 11:38am On Jun 24, 2022 |
Mpeace:I want to start investing in stocks I dunno Brokers that I could use. And what are the process I need to follow, do I need to pay what are the details I need, thanks. |
Re: Nigerian Stock Exchange Market Pick Alerts by OBAGADAFFI: 11:50am On Jun 24, 2022 |
dharpzee:Yes, got mine yesterday. |
Re: Nigerian Stock Exchange Market Pick Alerts by lancee(m): 12:12pm On Jun 24, 2022 |
Good day Fam -- Based on the current price which stock will give good returns on inter div Interim div tradition .. ACCESS -25k GTB -30k UBA-20k ZEE- 30k Will there be any for UBCAP ? WAPCO ? Thanks sis mcy56 ..my good sis |
Re: Nigerian Stock Exchange Market Pick Alerts by jideflash(m): 12:17pm On Jun 24, 2022 |
My preferred brokers/platforms; Morgan capital Meritrade (meristem) Trove Marscom: 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by dharpzee: 12:20pm On Jun 24, 2022 |
Kindly log into www.meritrade.com and open an account with Meristem Stockbrokers ltd Marscom: |
Re: Nigerian Stock Exchange Market Pick Alerts by Mpeace(m): 12:43pm On Jun 24, 2022 |
lancee:Best interim dividend payers used to be Stanbic @ N1 Others are Mtn Total etc 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by lancee(m): 12:57pm On Jun 24, 2022 |
Mpeace: Noted boss ..Thanks |
Re: Nigerian Stock Exchange Market Pick Alerts by yMcy56: 1:08pm On Jun 24, 2022 |
lancee:Among the 4, UBA or ACCESS appears better for interim than others. Let's look at it this way using N1M as Capital at CP (excluding fees) and previous interim payout as consideration: * ZENITH @21.75 = 45,997 units x 0.30 = N13,799.10 * GTCO @20.90 = 47,846 units x 0.30 = N14,353.80 * ACCESS @9.50 = 105,263 units x 0.25 = N26,315.75 * UBA @7.50 = 133,333 units x 0.20 = N26,667.00 ** UCAP doesn't pay interim. ** WAPCO paid special interim Div in 2021 FYE, may just be a one-off thing, except there's going to be a surprise again this year. 4 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by lancee(m): 1:12pm On Jun 24, 2022 |
yMcy56: Thanks sis ..exactly whats on my mind ..I think uba /access better for now when considering inter- div pymnt For final zee ,gtco may do better in terms of cap appre and div pymnt Was thinking ucap and wapco may wan surprise ..we see 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by yMcy56: 1:17pm On Jun 24, 2022 |
lancee:Yes. For Final Dividend, ZENITH/GT carries higher mark........all things being equal. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by lancee(m): 1:39pm On Jun 24, 2022 |
yMcy56: On same page with u sis |
Re: Nigerian Stock Exchange Market Pick Alerts by Mpeace(m): 1:58pm On Jun 24, 2022 |
leparj:Abeg return the extra make them see money pay us. Lol I have not seen shishi |
Re: Nigerian Stock Exchange Market Pick Alerts by Slimdove: 2:43pm On Jun 24, 2022 |
I got this message from one of my stockbrokers We are pleased to inform you that the Dangote Industries Funding PLC (the “Issuer”) Series 1 Bond offer comprising of Tranche A – 7-year and Tranche B – 10-year, Fixed Rate Senior Unsecured Bonds, under its NGN300 billion Debt Issuance Programme (the “Offer”) is NOW OPEN and scheduled to close on Thursday, 30 June 2022. The Issuer is a funding vehicle incorporated by Dangote Industries Limited (“Dangote Industries”, “DIL” or the “Sponsor”) to access the domestic capital market. Dangote Industries is one of the leading, diversified and fully integrated conglomerate with operations in Nigeria and Africa with 11 distinct business lines across a wide range of industries, including cement, sugar, salt, condiments, packaging, energy, fertiliser and petrochemicals. DIL is currently rated AA+ by GCR and AA (ngr) by Fitch Ratings, and plans to utilise the net proceeds from the Series 1 bond issuance to part-finance the Dangote Petroleum Refinery Project which is currently scheduled to commence operations in the first half of 2023. The price guidance for the Series 1 bonds are 12.25% – 12.75% and 13.00% – 13.50% for the Tranche A, and B bonds respectively. Other indicative terms of the Offer are as presented below: Issuer Dangote Industries Funding PLC Sponsor Dangote Industries Limited Co-Obligors Dangote Oil Refining Company Limited and Dangote Fertiliser Limited Programme Size NGN300 billion Issue Size Up to NGN150 billion across both tranches (with the option to upsize up to the programme limit of NGN300 billion) Issue Description Series 1 Fixed Rate Senior Unsecured Bonds Joint Issuing House FCMB Capital Markets Limited Issuer Rating AA+ (GCR); AA (ngr) (Fitch) Issue Rating AA+ (GCR); AA (ngr) (Fitch) Tranche A B Tenors 7 Years 10 Years Pricing Range 12.25% - 12.75% 13.00% - 13.50% Maturity Date [?] 2029 [?] 2032 Offer Open Thursday, 23 June 2022 Offer Close Thursday, 30 June 2022 Par Value / Issue Price NGN1,000 per unit/100% of Par Value Offer Mode Offer for Subscription via Book Build Coupon Basis Semi-annual, Fixed Rate Units of Sale Minimum of NGN10,000,000 (10,000 units at NGN1,000/unit) and multiples of NGN1,000 thereafter Redemption / Payment Basis Bullet repayment Relationship between the Issuer and Sponsor The Issuer is incorporated as a wholly owned subsidiary of the Sponsor Listing FMDQ Securities Exchange Limited and/or Nigerian Exchange Limited Use of Proceeds Part-financing of the Dangote Petroleum Refinery Project For more information, please refer to the documents listed below, which can be accessed through this link Shelf Prospectus Programme Trust Deed Deed of Undertaking Series 1 Red Herring Tranche A and B Pricing Supplements Series 1 Tranche A and B Trust Deeds Valid PenCom Compliance Certificate GCR Issue and Issuer Rating Reports Fitch’s Ratings Report Audited Financial Statements (2016 to 2021) Commitment Forms for Tranche A and B HNI Declaration Form |
Re: Nigerian Stock Exchange Market Pick Alerts by Heishere: 7:27pm On Jun 24, 2022 |
PZ unaudited financial. I am guessing we will be expecting juicy dividend. https://doclib.ngxgroup.com/Financial_NewsDocs/36207_P_Z_CUSSONS_NIGERIA_PLC%20_QUARTER_4_FINANCIAL_STATEMEN.pdf |
Re: Nigerian Stock Exchange Market Pick Alerts by leparj(m): 8:23pm On Jun 24, 2022 |
Mpeace: Lol. I'm looking for money now sef. To further position for interim dividend. U will get yours. Just be patient. |
Re: Nigerian Stock Exchange Market Pick Alerts by Dollarwoman: 10:37am On Jun 26, 2022 |
yMcy56:. But you may buy Zee and Gee, higher then for final dividend. |
Re: Nigerian Stock Exchange Market Pick Alerts by ggoldmine(f): 2:23pm On Jun 26, 2022 |
Hi all. Has anyone been able to log into Morgan's itrade? The link I have doesn't seem to be working. |
Re: Nigerian Stock Exchange Market Pick Alerts by yMcy56: 6:49pm On Jun 26, 2022 |
Dollarwoman:You're right.........but pls note that my response was SPECIFIC to the question asked by @Lancee. He wanted to invest solely for INTERIM Dividend and asked which one to buy, guess he needed just one stock among his listed four.........reason for that reply. Happy Sunday. 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by yMcy56: 6:51pm On Jun 26, 2022 |
ggoldmine:Working fine. You can follow this link: https://itrade.morgancapitalgroup.com/customers/?expurl=/trader/c/ |
Re: Nigerian Stock Exchange Market Pick Alerts by masterminderic: 8:30pm On Jun 26, 2022 |
author=ggoldmine post=114173381]Hi all. Has anyone been able to log into Morgan's itrade? The link I have doesn't seem to be working. [/quote] The link of Morgan's itrade had stopped working on Mozilla Firefox browser for the past five days, but is working fine on Chrome and other bbrowsers. 3 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by Odisweet(f): 2:21am On Jun 27, 2022 |
Mpeace: @mpeace, please would like to speak with you privately if you don't mind. Please call me via 0703 145 8069, thanks |
Re: Nigerian Stock Exchange Market Pick Alerts by Odisweet(f): 2:27am On Jun 27, 2022 |
yMcy56: Please want to understand this more sis |
Re: Nigerian Stock Exchange Market Pick Alerts by ggoldmine(f): 9:14am On Jun 27, 2022 |
Thank you. It worked. yMcy56: 1 Like |
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