GANDALF1:


Incase you are not aware, there are more than 5 NSEMPA WhatsApp groups where the members discuss and strategize on stocks before announcing it here.
So no one is going to tell you the stocks they are buying until they have gotten their fill and are ready to dump on you.
You can liase with Mcy or Pa Emma to add you to theirs.

yok:
NIGERIA MARKET LIKELY TO STATE IN IN BEARISH MODE
Our market seems to be relying more on the happenings in the global market, so for the week, expect the market to start on the bearish side as oil in currently in the vearish zone.

As usual our members have got the recommebded stocks for the day and those to watch for the week on both the local and global markets.

YoungBuffet:


one thing i know is las las they will print more dollars to rescue their financial sector

GANDALF1:
Nobody wan gree say dem dey group again o whereas I dey sey una posts for the ones wey I dey until now

Make una add that guy jor. Unfortunately I cant add him or anyone as I am not admin but everyone that has spoken so far are admins of some of the groups.
Add him ooooo

BabsO2:


They have freed searching for oil in Alaska. They will not only print money but do all it takes to grow their real GDP by producing more in America and importing less every little thing they can produce or used to produce.

yMcy56:
CUSTODIAN
Final Dividend: 0.55k
Qualification Date: 31st March, 2023
Payment Date: 13th April,2023
Registrar: Meristem
https://doclib.ngxgroup.com/Financial_NewsDocs/37844_CUSTODIAN_INVESTMENT_PLC-CUSTODIAN_INVESTMENT_PLC___CORPORATE_ACTION_CORPORATE_ACTIONS_MARCH_2023.pdf

** Interim of N10k was earlier paid........bringing total dividend to 65k for 2022 fye.
*A good one from CUSTODIAN*

The best 3 insurance stocks in order of priority remains: (from Mcy's point of view anyway)

*CUSTODIAN
* MANSARD
* NEM

** CUSTODIAN is particularly excellent for long termers** This has been said times without number.

yMcy56:
ZENITH
Pulled back to 23.50/60 last week....... I'm sure someone might be waiting for at below 20 for it, ..but it zoomed back to 24.50/60 by Friday....
* Quite some significant reluctance to fall Lower today......
* Bids initially lower than offers.........but as at now, bids has outweigh offers....

* Lol. Someone already brought out offer to increase the offer size......
We keep watching how it goes....

YoungBuffet:


all the 3 major candidates agreed to remove fuel subsidy, PH refinery will be working soon and if dangote refinery comes on board i believe there will be less pressure on fx demand and gradually things will take shape. There will likely be increase in social spending in all ramifications and i expect the health sector, construction sector, the transportation sector, the agricultural sector, the fintech and power sector to benefits greatly from this. We would have around 4trilion naira that would be on social spending. Though at first it may be hard but as time goes on thing will get shape. Am of the opinion that the subsidy should be removed but all our refinery should be working to complement that of Dangote

Mpeace:
Na wa oh. MTN and its free fall since last week.

GreatEko:
https://www.bloomberg.com/opinion/articles/2023-03-20/ubs-got-credit-suisse-for-almost-nothing?srnd=premium-europe

Something good to read.

Bizibi:
it won't be as easy as one would expect.... NIGERIA government is too slow in policy implementation and I pray the next government don't spend 7 months looking for competent ministers. I know the pain will last for 2 years and some months.....the next administration have alot of baggages to carry from the current government mess.

I have prepared myself because it will be rough.

yMcy56:
NB PLC
Final Dividend: N1.03k
Qualification Date: 16th March, 2023
Payment Date: 26th April, 2023
Registrar: First Registrar
https://doclib.ngxgroup.com/Financial_NewsDocs/NB_Plc_-_Final_Dividend%20Notification.pdf

BUACEM
Final Dividend: N2.80k
Qualification Date: 11th August, 2023
Payment Date: 24th August, 2023
Registrar: Africa Prudential
https://doclib.ngxgroup.com/Financial_NewsDocs/BUA_Cement_Plc_-_2022_AFS.pdf
https://doclib.ngxgroup.com/Financial_NewsDocs/37800_BUA_CEMENT_PLC-DIVIDEND_DECLARATION__CORPORATE_ACTIONS_MARCH_2023.pdf


** Make Una Vote Wisely!
May the best man/team for the job win!!
God bless the Federal Republic of Nigeria!!!

essentialone:
LIRS - ETax

As the year progresses, we will like to remind you of your statutory obligation to file your annual personal income tax returns for 2023 Income year, as stipulated under Section 41 of the Personal Income Tax Act Cap P8 LFN 2004 (as amended). The section compels a taxable individual to file a return of income with or without notice to the relevant tax authority within 90 days from commencement of every year of assessment.

To file your returns, kindly log on to our portal, https://etax.lirs.net, using your taxpayer ID and password, and then click on the annual returns tab. This will direct you to the filing page.

Please not that your returns MUST be filled on the Income Tax Form, for Returns of Income and Claims for Allowances and Reliefs (FORM A) and must include income(s) from ALL SOURCES. All supporting documents i.e proof of pension remittance and other reliefs claimed should be uploaded at the time of filing. (A copy of the draft operational guidelines towards efficient and seamless e-Tax filing is attached)

Failure to comply with the provisions of the law as state above, a Best of Judgement (BOJ) Assessment Notice will be issued in accordance with Section 54 (3) of the referenced Act.

This letter is to serve as a reminder to all our esteemed taxpayers, if you have however filed your return, we thank you sincerely and ask that you disregard this reminder.

Furthermore, we wish to advise that you update on regular basis, your contact information, such as functional email address, phone number and contact address on your profile on the eTax platform to convenietly receieve important notifications from teh Agency.

Should you required additional information or assitance, please contact our customer service at 0700-2255-5477 or send an email to etaxinfo@lirs.net

Please accept the assurances of our highest regards.

ositadima1:
While browsing, I stumbled upon "The Ponzi Factor," a book whose author argues that, apart from dividend-paying stocks, the stock market operates like a Ponzi scheme. According to the author, when it comes to stocks that don't pay dividends, investors purchase them with the hope of selling them at a higher price to someone else, and the market requires a steady stream of new investors to sustain profits for existing investors. The book made some compelling points, and I recommend giving it a read as it's a concise read.

It sparked a different thought in me: If I had invested 15 million in UCAP in 2020, I would be receiving nearly 700k+ per month in dividends, which is similar to what Shell SPDC contract office workers in Port Harcourt earn each month. This translates to a passive 57% return on initial investment.

yMcy56:

Nice one.

Can you break down the B part with some Arithmetic examples.

ositadima1:


In 2020, I purchased UCAP at 2.62 Naira per share, although some individuals may have acquired it at a lower price. UCAP provided a dividend payment of 1.5 Naira per share last year. Thus, a 15 million Naira investment would result in a 8.5 million Naira return, which translates to approximately 715,000 Naira per month over 12 months. Better than working a 9 to 5 in a lot of jobs.

ositadima1:


In 2020, I purchased UCAP at 2.62 Naira per share, although some individuals may have acquired it at a lower price. UCAP provided a dividend payment of 1.5 Naira per share last year. Thus, a 15 million Naira investment would result in a 8.5 million Naira return, which translates to approximately 715,000 Naira per month over 12 months. Better than working a 9 to 5 in a lot of jobs.

ositadima1:


In 2020, I purchased UCAP at 2.62 Naira per share, although some individuals may have acquired it at a lower price. UCAP provided a dividend payment of 1.5 Naira per share last year. Thus, a 15 million Naira investment would result in a 8.5 million Naira return, which translates to approximately 715,000 Naira per month over 12 months. Better than working a 9 to 5 in a lot of jobs.

Ades1:
The question is, how many people invested 15 million in UCAP at N3? The few that did most likely sold when it hit N10 for a nice 250% return while also pocketing some juicy dividends along the way.

I now people here bought UCAP at cheap rates but there is difference between investing N500k and N15M

YoungBuffet:


Good analysis but what is the assurance that that dividend would be sustainable in the long run