yMcy56:
GLOBAL SPECTRUM
Delisting price is out..... N4.19
Very illiquid stock that people cannot see to buy when delisting was announced.
https://doclib.ngxgroup.com/Financial_NewsDocs/36536_GLOBAL_SPECTRUM_ENERGY_SERVICES_PLC%20GLOBAL_SPECTRUM_DE.pdf

GLOBAL SPECTRUM:
* Anyone not interested in going private with the Company should fill "Delisting Acceptance Form" for payment of Exit Price of N4.19k.....
* Offer opened on 20th July, 2022 and closes on 19th August, 2022.
** Fill form, scan and send to Africa Prudential on/before closing date, Aug 19, 2022.
** Final/Exit Payment shall be done on 8th September, 2022.

https://www.globalspectrumplc.com/wp-content/uploads/2022/07/15th-AGM-Acceptance-Form.pdf
https://www.globalspectrumplc.com/financial-review/shareholder-information/

onegentleguy:
For some select insurance coys, its only a matter of time before their equity prices sell for 2-3x their current mkt peg.

The Q2, 2022 report from Sovereign Trust Ins (STI) is just too good!
LINKAGE, REGAL, WAPIC, ROYALEX, VERITAS, GUINEA INSURANCE... (watch these companies)

Already highlighted the value preposition in these coys and a few others in time past.

It is well.

I have linkage..

onegentleguy:
For some select insurance coys, its only a matter of time before their equity prices sell for 2-3x their current mkt peg.

The Q2, 2022 report from Sovereign Trust Ins (STI) is just too good!
LINKAGE, REGAL, WAPIC, ROYALEX, VERITAS, GUINEA INSURANCE... (watch these companies)

Already highlighted the value preposition in these coys and a few others in time past.

It is well.

What about sovereign insurance??

onegentleguy:
For some select insurance coys, its only a matter of time before their equity prices sell for 2-3x their current mkt peg.

The Q2, 2022 report from Sovereign Trust Ins (STI) is just too good!
LINKAGE, REGAL, WAPIC, ROYALEX, VERITAS, GUINEA INSURANCE... (watch these companies)

Already highlighted the value preposition in these coys and a few others in time past.

It is well.

Any hope for universal insurance?

CUSTODIAN Corporate Action........
Interim Dividend: 0.10k
Qualification Date:19th Aug, 2022
Payment Date: 01 September, 2022
Registrar: Meristem
https://doclib.ngxgroup.com/Financial_NewsDocs/36594_CUSTODIAN_INVESTMENT_PLC%20CUSTODIAN_INVESTMENT_PLC_%20_IN.pdf

** Any long termer/Dividend investor who sees this stock @6.30 recently and didn't buy is not a serious long termer.....

yMcy56:
CUSTODIAN Corporate Action........
Interim Dividend: 0.10k
Qualification Date:19th Aug, 2022
Payment Date: 01 September, 2022
Registrar: Meristem
https://doclib.ngxgroup.com/Financial_NewsDocs/36594_CUSTODIAN_INVESTMENT_PLC%20CUSTODIAN_INVESTMENT_PLC_%20_IN.pdf

** Any serious long termer/Dividend investor who sees this stock @6.30 recently and didn't buy is not a serious long termer.....

Good one from CUSTODIAN.

Consistent and Reliable.
It is time to load more UPDC another CUSTODIAN company.

DIVIDENDS & QUALIFICATION DATES IN AUG 2022
FLOUR MILLS: N2.15k.......... 12/08/2022
SEPLAT: $0.025 (Quarterly)..12/08/2022
CUTIX: 0.10k.......................... 19/08/2022
NNFM: 0.25k.......................... 23/08/2022
UPL: 0.10k.............................. 31/08/2022

INTERIM DIVIDEND 2022
MTNN: N5.60k.............18/08/2022
CUSTODIAN: 0.10k..... 19/08/2022
OKOMU: N7.00........... 22/08/2022
.

** If there be any other in Aug, it will be added in this space**
Happy New Month!

yMcy56:
DIVIDENDS & QUALIFICATION DATES IN AUG 2022
FLOUR MILLS: N2.15k....... 12/08/2022
CUTIX: 0.10k....................... 19/08/2022
NNFM: 0.25k....................... 23/08/2022
UPL: 0.10k........................... 31/08/2022

INTERIM DIVIDEND
MTNN: N5.60k.............18/08/2022
CUSTODIAN: 0.10k..... 19/08/2022

** If there be any other in Aug, it will be added in this space**
Happy New Month!

kudos for ur great effort.
I commend mtn registrars. They declare dividend on 29th july, qualification date 18th August, payment date 26th August.
Unlike some companies that declare dividend in May, qualification in july and payment in september

Mpeace:
kudos for ur great effort.
I commend mtn registrars. They declare dividend on 29th july, qualification date 18th August, payment date 26th August.
Unlike some companies that declare dividend in May, qualification in july and payment in september

Very commendable!
So also Custodian.
There are some stocks that are just stocks to be. If they dip and there's money, na to just keep buying more.......
We should however commend all dividend paying companies irrespective; despite the unfriendly economic environment, ability to make profit and declare Dividend should be commended.

OKOMU Corporate Açtion (Interim Div)......
Interim Dividend: N7.00
Qualification Date: 22nd August, 2022
Payment Date: 29th August, 2022
Registrar: Cardinal Stone
https://doclib.ngxgroup.com/Financial_NewsDocs/36607_OKOMU_OIL_PALM_PLC%20CORPORATE_ACTIONS_CORPORATE_ACTION.pdf

A good one from Okomu too......

yMcy56:
OKOMU Corporate Açtion (Interim Div)......
Interim Dividend: N7.00
Qualification Date: 22nd August, 2022
Payment Date: 29th August, 2022
Registrar: Cardinal Stone
https://doclib.ngxgroup.com/Financial_NewsDocs/36607_OKOMU_OIL_PALM_PLC%20CORPORATE_ACTIONS_CORPORATE_ACTION.pdf

A good one from Okomu too......

Nice

Good afternoon,
I need help on how to claim my late Dad's shares. How do I go about it?

SeyiAyorinde:
Good afternoon,
I need help on how to claim my late Dad's shares. How do I go about it?

Check some of my older posts on this thread. You will have answers.

SeyiAyorinde:
Good afternoon,
I need help on how to claim my late Dad's shares. How do I go about it?

Some Stock brokers offer Probate services.

You need a "Letter of Administration" a good Lawyer can do that for you.

yMcy56:

Agba's post on GT in May 05, 2021.......
Such a long period......
So, Oga Agba, GTCo touched 19.80 today, should we expect reversal up from the 19.80 anytime from now or what's the next support.....

One other Oga too mentioned 19.80, think @thesilentone, Oya o, make Una come tell us the next on TA....

GT looks like it will complete its 100% retracement back to 16.90 area but one has to consider that the downward pull in March 2020 was after dividends were paid. Nothing on the charts suggests that it will bounce yet. Not on the monthly/weekly charts.

This is not advice just responding to your call out as I haven't see the rest of the charts but GT is definitely not in an uptrend yet.

We all know that Nigeria stock market is very attractive to local investors only. The fluctuations of USD/NAIRA is very worrisome. There’s turbulence in exchange rate right now and this is taken toll in NSE

USD/Naira 730-750 not sustainable

yok:
LET US HAVE A PEEP INTO THE JUNE 2022 EARNINGS PROSPECT!!!
Playing the market without guidance can be a dangerous game The current inflationary pressure is likely to impacted our expected earnings for the Nigerian equities. A good example was when I saw the current packaging for semolina from FLOUR MILLS, I saw that the paparazzi of the polythene packaging materials we are used to has been removed, therefore when our forecast for the June 2022 result 8s indication a falk in the region of 40% compared with the 2021 result, I was not surprised (let us see if the company will beat this forecast!).

To get our full earnings forecast, subscribe to our daily stock picks/tips for a promotional price of NGN3k per Month instead of the regular price of NGN6K per month. For details send "STOCK PICKS" to Whats�App @ +2348023054935

flourmills cleared your doubt.nice result they gave us.

SeyiAyorinde:
Good afternoon,
I need help on how to claim my late Dad's shares. How do I go about it?

Did he make a will ? If not go to the probate registry in the high court where your dad lived and make enquiries there on how to get letter of administration. Don't talk to a tout. Enter the probate registry and speak with a staff there. look for someone with a desk!
You may hire a lawyer if you can afford one

thesilentone:


GT looks like it will complete its 100% retracement back to 16.90 area but one has to consider that the downward pull in March 2020 was after dividends were paid. Nothing on the charts suggests that it will bounce yet. Not on the monthly/weekly charts.

This is not advice just responding to your call out as I haven't see the rest of the charts but GT is definitely not in an uptrend yet.

Looking at morningstar it seems GENESIS EMERGING Markets has exited some GT share holdings in July (about 200 million units). Perhaps more sales from them and some other fund managers are still going to come up in August for the charts to make sense.

SeyiAyorinde:
Good afternoon,
I need help on how to claim my late Dad's shares. How do I go about it?

Kindly contact Meristem Registrars and Probate limited and thank me later.

yMcy56:

You got answer already.......
Just wanted to emphasize on it......

** There are rules and regulations guiding conducts, transactions, pricing, etc.....on NSE, and these are contained in their Rulebook.
** In the pricing category, there were rules guiding movement of prices up and down........
** Prior to 2019, stocks in 3 different categories had different "bulk Qty" that can move the price.......
**...But in 2019, there were amendments to the rule........and all stocks, irrespective of being in Category A, B or C have "Par/Uniform Volume that can move the price.........Which was pegged at 100,000 single unit.
**Also, a daily limit of +/-10% up or down movement of share price was established.
**So, once market is in session, until you see bulk sales or purchases of 100k units or more, the price wouldn't officially fall or rise.

https://ngxgroup.com/?wpdmdl=26399&ind=1605119440735

I realized that yesterday, Zenith Bank closed at 20.85.
and today, using morgan capital, i could see the opening price is at 21.00
i did observe more than 100,000 units to have moved price during yesterday's trading.
so now iam confused.

please can you enlighten me more about this.

Okomu oil did better than MTN, and will pay higher dividend(N10) than Mtn. Qualification and payment day within the same period.
Now I dont understand why people are selling okomu at a lower price,(N19 less than opening price) and buying mtn at N14 higher than opening price.

BabsO2:


Looking at morningstar it seems GENESIS EMERGING Markets has exited some GT share holdings in July (about 200 million units). Perhaps more sales from them and some other fund managers are still going to come up in August for the charts to make sense.

There was a report in the Financial Times dated July 31st 2022 by Jonathan Wheatley titled ''Emerging markets hit by record streak of withdrawals by foreign investors" Global recession fears and rising interest rates drive rush for the exit. Anyone can read it online - didn't want to post the link because of the algos.

Although, Nigeria was not name-checked, quite a number of countries where including neighbouring Ghana. Should we expect more FPI sales, very likely.

Excerpts:
''Foreign investors have pulled funds out of emerging markets for five straight months in the longest streak of withdrawals on record, highlighting how recession fears and rising interest rates are shaking developing economies.

Cross-border outflows by international investors in EM stocks and domestic bonds reached $10.5bn this month according to provisional data compiled by the Institute of International Finance. That took outflows over the past five months to more than $38bn — the longest period of net outflows since records began in 2005.

The outflows risk exacerbating a mounting financial crisis across developing economies. In the past three months Sri Lanka has defaulted on its sovereign debt and Bangladesh and Pakistan have both approached the IMF for help. A growing number of other issuers across emerging markets are also at risk, investors fear.

Many low and middle-income developing countries are suffering from depreciating currencies and rising borrowing costs, driven by rate rises by the US Federal Reserve and fears of recession in major advanced economies. The US this week recorded its second consecutive quarterly output contraction.

“EM has had a really, really crazy rollercoaster year,” said Karthik Sankaran, senior strategist at Corpay.

Investors have also pulled $30bn so far this year from EM foreign currency bond funds, which invest in bonds issued on capital markets in advanced economies, according to data from JPMorgan.

The foreign currency bonds of at least 20 frontier and emerging markets are trading at yields of more than 10 percentage points above those of comparable US Treasury bonds, according to JPMorgan data collated by the Financial Times. Spreads at such high levels are often seen as an indicator of severe financial stress and default risk.''

thesilentone:


There was a report in the Financial Times dated July 31st 2022 by Jonathan Wheatley titled ''Emerging markets hit by record streak of withdrawals by foreign investors" Global recession fears and rising interest rates drive rush for the exit. Anyone can read it online - didn't want to post the link because of the algos.

Although, Nigeria was not name-checked, quite a number of countries where including neighbouring Ghana. Should we expect more FPI sales, very likely.

Excerpts:
''Foreign investors have pulled funds out of emerging markets for five straight months in the longest streak of withdrawals on record, highlighting how recession fears and rising interest rates are shaking developing economies.

Cross-border outflows by international investors in EM stocks and domestic bonds reached $10.5bn this month according to provisional data compiled by the Institute of International Finance. That took outflows over the past five months to more than $38bn — the longest period of net outflows since records began in 2005.

The outflows risk exacerbating a mounting financial crisis across developing economies. In the past three months Sri Lanka has defaulted on its sovereign debt and Bangladesh and Pakistan have both approached the IMF for help. A growing number of other issuers across emerging markets are also at risk, investors fear.

Many low and middle-income developing countries are suffering from depreciating currencies and rising borrowing costs, driven by rate rises by the US Federal Reserve and fears of recession in major advanced economies. The US this week recorded its second consecutive quarterly output contraction.

“EM has had a really, really crazy rollercoaster year,” said Karthik Sankaran, senior strategist at Corpay.

Investors have also pulled $30bn so far this year from EM foreign currency bond funds, which invest in bonds issued on capital markets in advanced economies, according to data from JPMorgan.

The foreign currency bonds of at least 20 frontier and emerging markets are trading at yields of more than 10 percentage points above those of comparable US Treasury bonds, according to JPMorgan data collated by the Financial Times. Spreads at such high levels are often seen as an indicator of severe financial stress and default risk.''

I suspect the fear of a sharp Naira depreciation is causing one or two foreign funds invested in Nigerian stocks deciding to pull out some money. Luckily many already pulled out in prior years and I understand CBN already cleared their FX demand backlog for repatriating their funds last year. I hope the few strong ones remaining do not go for the exit door as this will pull GTCO & ZENITH banks who currently have the highest FPI's sharply down. UBA will also follow small in getting impacted.

yMcy56:

Very commendable!
So also Custodian.
There are some stocks that are just stocks to be. If they dip and there's money, na to just keep buying more.......
We should however commend all dividend paying companies irrespective; despite the unfriendly economic environment, ability to make profit and declare Dividend should be commended.

What are some of these "stocks to be" pls?

thesilentone:


There was a report in the Financial Times dated July 31st 2022 by Jonathan Wheatley titled ''Emerging markets hit by record streak of withdrawals by foreign investors" Global recession fears and rising interest rates drive rush for the exit. Anyone can read it online - didn't want to post the link because of the algos.

Excerpts:
''Foreign investors have pulled funds out of emerging markets for five straight months in the longest streak of withdrawals on record, highlighting how recession fears and rising interest rates are shaking developing economies.

The foreign currency bonds of at least 20 frontier and emerging markets are trading at yields of more than 10 percentage points above those of comparable US Treasury bonds, according to JPMorgan data collated by the Financial Times. Spreads at such high levels are often seen as an indicator of severe financial stress and default risk.''

Don't always listen yo these people. Do your independent analysis.

Many of these so called experts in the foreign media were saying "buy the dip" when it was as clear as daylight that US and EU markets had topped. JPM, Citi, MS respected analysts were all calling for buy the dip since January 2022. And where are we in US markets? Severe wipeout if you didn't hedge with shorts.

As for the bonds, there are dome EMs that are not doing well. Even EU bonds are trading badly especially those affected by the energy crisis.

Attached is the US bond yields as at today.

You can see that 1 year yield on US treasury is even higher than the yield on their 10 year bond and 30 year bond. So what do you call that?

When they finish buying EMs, you think they will start writing and telling people to buy. They don't do these. Likewise when EMs top and they want to exit, you think they will wrote again that EMs have topped and that people should sell. They always do the opposite.

A good example was what happened in January 2018 when CNN, BBC and other media were airing the best exchanges that made most gain than US market and EU markets. They listed NSE, Egypt exchange, turkish exchange. And many analysts were saying that these markets were a good buy to be added to one's portfolio. Ironically, it was the top in these markets. And in February 2018, the selloff started in NSE

BabsO2:


Looking at morningstar it seems GENESIS EMERGING Markets has exited some GT share holdings in July (about 200 million units). Perhaps more sales from them and some other fund managers are still going to come up in August for the charts to make sense.

Nothing like that for GTB. I only saw 23m units sold for the month of June 2022 sef.

Genesis Emerging had 183m as current HOLDING after selling 23m units in June 2022. So they can't sell 200m in July 2022.

Check well.

It seems UBA is joining the HOLDCO Train. The more things change, the more they remain the same.

https://doclib.ngxgroup.com/Financial_NewsDocs/36615_UNITED_BANK_FOR_AFRICA_PLC%20APPOINTMENT__RETIREMENT_OF_.pdf

"The Board also announced the retirement of the following Executive
Directors, who have completed their tenor, many of whom will continue to
serve the broader Group upon regulatory approval of a holding company
structure."

BabsO2:


I suspect the fear of a sharp Naira depreciation is causing one or two foreign funds invested in Nigerian stocks deciding to pull out some money. Luckily many already pulled out in prior years and I understand CBN already cleared their FX demand backlog for repatriating their funds last year. I hope the few strong ones remaining do not go for the exit door as this will pull GTCO & ZENITH banks who currently have the highest FPI's sharply down. UBA will also follow small in getting impacted.

All seemed to have bottomed. NSE index as well.

Dollar needs to fall hard.

TLAX:
It seems UBA is joining the HOLDCO Train. The more things change, the more they remain the same.

https://doclib.ngxgroup.com/Financial_NewsDocs/36615_UNITED_BANK_FOR_AFRICA_PLC%20APPOINTMENT__RETIREMENT_OF_.pdf

"The Board also announced the retirement of the following Executive
Directors, who have completed their tenor, many of whom will continue to
serve the broader Group upon regulatory approval of a holding company
structure."

If that happens, United Capital will be bought at a huge premium.

emmanuelewumi:



If that happens, United Capital will be bought at a huge premium.

Do they need to buy United Capital?

Mpeace:
Do they need to buy United Capital?

We love the easiest option