talk2me2:
how can invest and not have peace of mind to the extent of protesting against the company's policy. I mean forcing a company to hold their agm on a date that is not comfortable for them all because you want them to quickly receive dividend.

other banks have finished paying 2022 audited account dividends and are preparing to pay 2023 interim dividend....FBNH is busy looking for shift iin date...

vacanci:


LOL, guy thinking it's BETNAIJA

if you know that you don't have the plan to sell your shares then invest and relax you don't need the dividend more than the directors of the company.

talk2me2:
how can invest and not have peace of mind to the extent of protesting against the company's policy. I mean forcing a company to hold their agm on a date that is not comfortable for them all because you want them to quickly receive dividend.

The act of not challenging people in authority for their actions and inactions is the reason why Africa is lagging behind.

Princkez:
other banks have finished paying 2022 audited account dividends and are preparing to pay 2023 interim dividend....FBNH is busy looking for shift iin date...

That is still not enough reason to protest. I still maintain my stand if you don't like the company's policies sell and invest in another company don't protest.

talk2me2:
how can invest and not have peace of mind to the extent of protesting against the company's policy. I mean forcing a company to hold their agm on a date that is not comfortable for them all because you want them to quickly receive dividend.

Uncle, the way you are worried about shareholders protesting baffle me!
Shareholders that bought the shares for dividend purpose deserves their dividend now. Haba!
what is the real reason for Fbh to postpone the AGM?

Shalom428:
The act of not challenging people in authority for their actions and inactions is the reason why Africa is lagging behind.

it is normal to postpone an agm if the management of the company believe that the eailer date is no longer convenient.

Mfunkynation:

Uncle, the way you are worried about shareholders protesting baffle me!
Shareholders that bought the shares for dividend purpose deserves their dividend now. Haba!
what is the real reason for Fbh to postpone the AGM?

they are not being held with glue in that company they should learn to sell and move on if they can not wait .

talk2me2:
it is normal to postpone an agm if the management of the company believe that the eailer date is no longer convenient.

Agreed, as it is normal for shareholders to get agitated if they feel the postponement is as a result of magogo.

Mfunkynation:

Uncle, the way you are worried about shareholders protesting baffle me!
Shareholders that bought the shares for dividend purpose deserves their dividend now. Haba!
what is the real reason for Fbh to postpone the AGM?

Okay what if the directors did not recommend any dividend at all what will they do?

talk2me2:
they are not being held with glue in that company they should learn to sell and move on if they can not wait .

Corruption will thrive with this type of attitude. People that are saddled with responsibilities should be held accountable for their actions and inactions.

Shalom428:
Corruption will thrive with this type of attitude. People that are saddled with responsibilities should be held accountable for their actions and inactions.

AGM date has nothing to do with being accountable

talk2me2:
Okay what if the directors did not recommend any dividend at all what will they do?

then no one will protest cos there is anything on the table for them.
The action will reflect on the shares of the company during trading now.
Moreover, those that protest might have information that I and u don't know

talk2me2:
AGM date has nothing to do with being accountable

It has everything to do with it . Leaving these people to their anyhow-ness is one of the reasons why Nigeria stocks are grossly undervalued.

vacanci:


LOL, guy thinking it's BETNAIJA

Bro you get his drift.In bet naija you put thousands of naira hoping to be the next dangota very easy. HE won't understand those who bought fbn at Po in millions of naira at #33.00 and have continued to invest millions to build wealth .That part of ways to reap from your investment is via dividend. And that the directors are employee of this public company. In some instances don't even have reasonable quality of that particular company shares.That they could be removed at agm or thr decisions not approved .
Imagine money some people have planned on what to do with it at this time.Ask the directors if they have shifted collecting all the monies due to them

Mfunkynation:

then no one will protest cos there is anything on the table for them.
The action will reflect on the shares of the company during trading now.
Moreover, those that protest might have information that I and u don't know

infact if the motive of their protests is dividend, then they are not even qualify to be call investors. They are hungry and jobless so they should go look for job.

talk2me2:
That is still not enough reason to protest. I still maintain my stand if you don't like the company's policies sell and invest in another company don't protest.

Do you really understand the meaning of being a SHAREHOLDER?

they are part owners.

talk2me2:
infact if the motive of their protests is dividend, then they are not even qualify to be call investors. They are hungry and jobless so they should go look for job.

Jobless ƙeh, when you have investments paying your bills. Na so one guy said his landlord was a jobless man, a man with 4 houses, a warehouse and 2 shopping complexes that will be giving him an annual passive income of over N15 million.

If you have been investing for 20 years and above and your dividends can pay your bills, what do you need a 9 to 5 job for.

To those guys attending AGM, audit committee meetings and investment roadshows are the only jobs they have.

Someone sold his UBA shares for good, few years ago because Tony reduced dividends, that shows how important dividends are to some investors

stockbull:
#NIGERIAN STOCK EXCHANGE
we need to understand the market direction of the nigerian stock exchange this year before we release any pick. Note that investors are not fully resumed.still joining the indicators and analysing our last five stock for average investors

Please what app would you recommend for trading/investing in Nigeria Stocks

talk2me2:
they are not being held with glue in that company they should learn to sell and move on if they can not wait .

There are many lawsuits filed by and diligently/persistently followed by shareholders (regardless of how little their stakes are) in markets in many countries where the rule of law and fundamental rights are not taken for granted. Bunge, a company in the USA has finalized talks and works to aquire Viterra (some still call it merger), but farmers who supply the grains that these companies proces and export are the ones protesting against the approval of the acquisition because they believe that it will strengthen the former through monopoly, resulting in the former dictating prices at which farm produce will be sold - farmers would have no control over how much they sell their produce to the giant company(s) anymore. Plug power is another one. Shareholders filed a class action suit because the management shocked them with much below expectation results in the face of obvious growth and positive buisness outlook/environment.

These two cases that I cited are just the ones I paid good attention to. If one is to go by your opinion, how would one then explain how suppliers of raw materials identify their rights to block an acquisition, or how shareholders identify their rights to question the financial reports that the management is feeding them?

Once we sell ourselves cheap, we can never be listed at our actual value ever! - a popular adage.

Those shareholders protesting the First bank AGM matters know their rights. People should not have to sell their shares because the management team is acting funny.

We are enjoying e-dividends today because of the efforts of some people who knew their rights. The experience keeps getting better with more people who know their rights and won't stop till they get the convenience that they deserve/desire.

Streetinvestor2:
I am a shareholder.I do not wish to sell my holdings. Therefore the AGM should hold so I can get my dividend as an investor. I hope I am now speaking English and not French. They have no reason to shit the AGM as all banks that declared dividend have paid.

Was it FBNH that dictated to you your wish not to sell your holdings with them?

emmanuelewumi:



Jobless ƙeh, when you have investments paying your bills. Na so one guy said his landlord was a jobless man, a man with 4 houses, a warehouse and 2 shopping complexes that will be giving him an annual passive income of over N15 million.

If you have been investing for 20 years and above and your dividends can pay your bills, what do you need a 9 to 5 job for.

To those guys attending AGM, audit committee meetings and investment roadshows are the only jobs they have.

Someone sold his UBA shares for good, few years ago because Tony reduced dividends, that shows how important dividends are to some investors

Well said. God Bless You. That guy has to be one of the directors or he's just playing Devil's advocate.

chimex38:

Those that bought with dividend in mind should just sell at a loss and move on.?
when the company did not declare loss...

I think First Bank is trying to prevent Chaos in the AGM...
Protesting shareholders think First Bank is preventing their grievances from bring heard

So are you suggesting that if you happen to buy shares of a company with dividends in view but the situation of the company begins to border on an uncertainty that threatens to erode your very capital, you will stubbornly stay put just because you bought those shares for dividends?

emmanuelewumi:



Jobless ƙeh, when you have investments paying your bills. Na so one guy said his landlord was a jobless man, a man with 4 houses, a warehouse and 2 shopping complexes that will be giving him an annual passive income of over N15 million.

If you have been investing for 20 years and above and your dividends can pay your bills, what do you need a 9 to 5 job for.

To those guys attending AGM, audit committee meetings and investment roadshows are the only jobs they have.

Someone sold his UBA shares for good, few years ago because Tony reduced dividends, that shows how important dividends are to some investors

Those guys are big guys oooooo

Shalom428:
Well said. God Bless You. That guy has to be one of the directors or he's just playing Devil's advocate.

I guess he speculated on FBN shares and the current quagmire will affect his calculations

TolulopeM:



Please what app would you recommend for trading/investing in Nigeria Stocks

I will always advise folks to open a stockbroking account with a regular and regulated stockbroking firm that has an online trading platform/app. The app should not be the first point of call.
Of course, you can come over to Investment One Stockbroker all you need to do your trading/investing is available:

User-friendly online platform and app
Professional advice and investment education
Excellent customer relations and more.

please who can help with the NGX/SEC link for investment companies that sell investment packages/mutual funds and their YTD % returns.
Thanks.

Deadlytruth:

So are you suggesting that if you happen to buy shares of a company with dividends in view but the situation of the company begins to border on an uncertainty that threatens to erode your very capital, you will stubbornly stay put just because you bought those shares for dividends?

I anticipated this reply.. Hence I stated
"when the company did not make loss"

The company declared profits from my investment so I have a right to vote to determine my dividends..
And if not, they must substantiate with reasons.
All these has to happen at the AGM u said I shouldn't care about?

Deadlytruth:

So are you suggesting that if you happen to buy shares of a company with dividends in view but the situation of the company begins to border on an uncertainty that threatens to erode your very capital, you will stubbornly stay put just because you bought those shares for dividends?

The truth I think is that first bank has chosen a stance and the Majority shareholders(minority in numbers) won't want to be overshadowed by the minority shareholders(majority in numbers) who may have majority votes at the AGM...

talk2me2:
how can invest and not have peace of mind to the extent of protesting against the company's policy. I mean forcing a company to hold their agm on a date that is not comfortable for them all because you want them to quickly receive dividend.

By being an investor you are technically a part owner of a company(despite less than 0.1% shareholding ) = a stakeholder as well.
U guys don't see it that way..
I am not forcing "a" company..
I am doing my legal part in compelling "my" company.

2) Comfortable date
The issue at stake is there is an underlying issue which the protesters believe is for FBN to frustrate majority of them from voting against the right issue at the AGM and other decisions of the bank(like new Director approval)..
seems before the date, they discovered they(FBN) may not be able to hold the aces and wield decisions in their favour..

You just have to read the full news and article on it not just the image posted on NL.

talk2me2:
Okay what if the directors did not recommend any dividend at all what will they do?

You will have to give substantive reason to shareholders..
Especially when u declared profit after tax huge enough to go round shareholders..
If they want to keep all of it as retained earnings..
Why?
Is it new investment in an entity all agreed by shareholders..
Or paying off existing debt at once ?
instead of servicing same loans quarter by quarter which costs more?

Summary is..
There must be a genuine reason that can buy in majority of shareholders..
Otherwise u must pay dividend!!!