If a company offers 4 for every 5 shares as dividends and the client exits after qualification date. Will the client still get the dividends?

Niyijac:
If a company offers 4 for every 5 shares as dividends and the client exits after qualification date. Will the client still get the dividends?

Yes

femu:


Don't count on it

What will be the effect on the share price?l ask because what l have read about the implications of right issue on stock price is making me concerned

This reassuringly feels great.

OBAGADAFFI:


Yes

olaremint:
Fidelity shares trading at N8, suddenly it became N13 and now a rights issue for N10 is on offer.
The value for that share is surely less than N8, after the public rush to buy, it will revert to N8 after you would have paid between N10 to N13. The bank is the only person gaining.
I am happy I sold mine @ N13 plus, will buy again when it goes to N8.

you shot yourself in the leg.

That's not how it works. it doesn't completely depend on the price it's currently selling.

Did you read the part where it says for every 10 you hold, you are allowed to buy 1?

let's calculate this with your N13 price

10 units will be 10*13 = N130
1 unit RI will be 1*10 = N10

total unit is now 11 and total amount is now N140.
divide N140 by 11 and your current unit price of purchase is now N12.7 and not the N10 you are thinking.

so if u are waiting for it to get below N10, it wont be because of the rights issue but something else.

your statement would have been ok if the rights issue is one for one, meaning for every 1 unit of fidelity held, you are allowed to buy additional 1 @ N10 but this is not the case

olaremint:
Fidelity shares trading at N8, suddenly it became N13 and now a rights issue for N10 is on offer.
The value for that share is surely less than N8, after the public rush to buy, it will revert to N8 after you would have paid between N10 to N13. The bank is the only person gaining.
I am happy I sold mine @ N13 plus, will buy again when it goes to N8.

You are very right.So when precisely are you going to buy it.It is obvious you can time the market. When will other bank shares equally come down.If you have sold just move on.i sold half of my holdings long at
#9.30 because my BE was #2.20 to reinvest in alhaji

This fidelity bank rights issue is not making much sense to me.

The current outstanding shares is 32 billion units. The rights issue is for approximately 3.2 billion new ordinary shares.

The rights issue proceed wll come to about N32 billion (gross).

To me, if Fidelity Bank plc is raising N32 billion when the new capital requirements is in multiples of that, it raises a concern about the actual current liquidity position of the bank.

I am searching for a stock that will be next ucapital in yrs to come.And one stock keep coming to my mind because of its services and products..I see it making alot of money in the next 5 yrs and above. Hope to accumulate for my kid gradually. My ucapital BE is #1.00. No stock investment has beaten it so far for me..it has been yielding dividend in 7 figures

Harvestock01:
This fidelity bank rights issue is not making much sense to me.

The current outstanding shares is 32 billion units. The rights issue is for approximately 3.2 billion new ordinary shares.

The rights issue proceed wll come to about N32 billion (gross).

To me, if Fidelity Bank plc is raising N32 billion when the new capital requirements is in multiples of that, it raises a concern about the actual current liquidity position of the bank.

We are fidelity we keep our word... One of my biggest blessings is being tribalist about FIDELITY BANK

The only reason it sits as my LARGEST HOLDING in this market is because I called it an ANAMBRA project when it was even a little above #1... I kept buying in huge volumes at any serious bear with reserve funds I get during bull market from other stocks

I suppose become a DIRECTOR there sef or get a SLOT for the DIRECTORSHIP... I haven't sold a unit of it since day one...

I can't calculate my yearly DIVIDENDS' yields again sef

olaremint:
Fidelity shares trading at N8, suddenly it became N13 and now a rights issue for N10 is on offer.
The value for that share is surely less than N8, after the public rush to buy, it will revert to N8 after you would have paid between N10 to N13. The bank is the only person gaining.
I am happy I sold mine @ N13 plus, will buy again when it goes to N8.

Na so I take miss UCAP... I only have very little unit of that stock... Thanks to God that I usually don't sell off stocks... It's my investment principles... That's why costain went with my money

unite4real:


you shot yourself in the leg.

That's not how it works. it doesn't completely depend on the price it's currently selling.

Did you read the part where it says for every 10 you hold, you are allowed to buy 1?

let's calculate this with your N13 price

10 units will be 10*13 = N130
1 unit RI will be 1*10 = N10

total unit is now 11 and total amount is now N140.
divide N140 by 11 and your current unit price of purchase is now N12.7 and not the N10 you are thinking.

so if u are waiting for it to get below N10, it wont be because of the rights issue but something else.

your statement would have been ok if the rights issue is one for one, meaning for every 1 unit of fidelity held, you are allowed to buy additional 1 @ N10 but this is not the case

You understand finance jare... I didn't want to talk so I ain't accused of monkey hunting people into my OIL WELL

In another news>>>>>>>>>>>>>>>>>>>

Cadbury, Guinness, Others Lost N472bn To Naira Depreciation – Meristem

https://punchng.com/cadbury-guinness-others-lost-n472bn-to-naira-depreciation-report

Can you please share that one stock that keep coming to your mind ?

Streetinvestor2:
I am searching for a stock that will be next ucapital in yrs to come.And one stock keep coming to my mind because of its services and products..I see it making alot of money in the next 5 yrs and above. Hope to accumulate for my kid gradually. My ucapital BE is #1.00. No stock investment has beaten it so far for me..it has been yielding dividend in 7 figures

Streetinvestor2:
I am searching for a stock that will be next ucapital in yrs to come.And one stock keep coming to my mind because of its services and products..I see it making alot of money in the next 5 yrs and above. Hope to accumulate for my kid gradually. My ucapital BE is #1.00. No stock investment has beaten it so far for me..it has been yielding dividend in 7 figures

What is BE bro? And how do you apply it

emmaodet:


What is BE bro? And how do you apply it

Break Even price. The minimum price you can sell to make the least profit

unite4real:


Break Even price. The minimum price you can sell to make the least profit

Okay.
Thanks

Streetinvestor2:
I am searching for a stock that will be next ucapital in yrs to come.And one stock keep coming to my mind because of its services and products..I see it making alot of money in the next 5 yrs and above. Hope to accumulate for my kid gradually. My ucapital BE is #1.00. No stock investment has beaten it so far for me..it has been yielding dividend in 7 figures

Wow! I love this, could the stock you refer be Ellahlakes?

ojeysky:


Wow! I love this, could the stock you refer be Ellahlakes?

Do they really have agric plantation or audio farms.If they have truly large farms then thr ls prospects in it even if the crops have not reached maturity

Nichee:
Can you please share that one stock that keep coming to your mind ?

It is in the ict.it yr results will show more.i already have afolabi units. Will be accumulating it gradually below #2

megawealth01:


We are fidelity we keep our word... One of my biggest blessings is being tribalist about FIDELITY BANK

The only reason it sits as my LARGEST HOLDING in this market is because I called it an ANAMBRA project when it was even a little above #1... I kept buying in huge volumes at any serious bear with reserve funds I get during bull market from other stocks

I suppose become a DIRECTOR there sef or get a SLOT for the DIRECTORSHIP... I haven't sold a unit of it since day one...

I can't calculate my yearly DIVIDENDS' yields again sef

I did the same for ib and had faith.will let the remaining fidelity touch #20

*FOREIGN FIRMS RAISE STAKE IN NGX*
---N71.37bn in November against N33.36bn in Oct 2023
https://punchng.com/foreign-firms-raise-stake-in-ngx-to-n71-4bn/

* PFAs (PENSIOaN FUND ADMINISTRATORs STAKES N303.58bn on MTN, Dangote series 1, etc.*
https://guardian.ng/business-services/pension-sector-stakes-n303-58b-in-mtn-dangote/

*COMPLIANCE STATUS INDICATORS*
What you should know about this........From Atlas's Portfolios.........attached

* Doc failed to attach. You can check it out on NGX*

..

Streetinvestor2:
It is in the ict.it yr results will show more.i already have afolabi units. Will be accumulating it gradually below #2

Chams

yMcy56:
*FOREIGN FIRMS RAISE STAKE IN NGX*
---N71.37bn in November against N33.36bn in Oct 2023
https://punchng.com/foreign-firms-raise-stake-in-ngx-to-n71-4bn/

* PFAs (PENSIOaN FUND ADMINISTRATORs STAKES N303.58bn on MTN, Dangote series 1, etc.*
https://guardian.ng/business-services/pension-sector-stakes-n303-58b-in-mtn-dangote/

*COMPLIANCE STATUS INDICATORS*
What you should know about this........From Atlas's Portfolios.........attached

* Doc failed to attach. You can check it out on NGX*

@yMcy56 what's your advice on Transcorp

Streetinvestor2:
I did the same for ib and had faith.will let the remaining fidelity touch #20

IB time go come... I also have it well loaded... All ANAMBRA projects dey my portfolio...

megawealth01:


IB time go come... I also have it well loaded... All ANAMBRA projects dey my portfolio...

Which one is IB?
I go like meet you someday and have a chat. Your thinking pattern interest me though your delivery doesn't

ogoo4real:
@yMcy56 what's your advice on Transcorp

yMcy56:
Let's hope Transcorp will make her shareholders proud one day.
By my own amateur calculations, let's look at it this way;

40B ÷ 2.5B = 16
(Transcorp 40B OS divided by Geregu 2.5B OS)

Meaning: Ratio 1:16
(For every 1 Geregu, you have 16 Transcorp)

- Looking at Geregu price, N300 average, then:
* N300 ÷ 16 = N18.75

Worst case scenario, the N8 on top ......

Don't mind my analysis paralysis, maybe I'm over-visualizing this thing .........but......Transcorp shouldn't be selling at CP (3.50/3.60) ordinarily.
*Maybe the gurus could help us calculate it's fair value with respect to recent financials.
*Edited*. Cc: @Yoast

My post on Aug 10, 2023
* I'm sure many of those ogas and many Nsempas would have laughed me so hard on this........maybe call me names self.
Chai!! Even myself never knew it could be soon! Transcorp was selling around 3.50 when this post was made.

* All ogas that spoke optimistically about Transcorp didn't mention figure I Blvd.......Except Oga Oracle that predicted it will reach 15+ .....and many doubted him.

* Geregu is selling around 400 in market now, so......maybe the above price must have inched up again......
* Do your DD, monitor price mvmt in market and follow your mind/strategy thereafter....

I guess you mean goes to N18

olaremint:
Fidelity shares trading at N8, suddenly it became N13 and now a rights issue for N10 is on offer.
The value for that share is surely less than N8, after the public rush to buy, it will revert to N8 after you would have paid between N10 to N13. The bank is the only person gaining.
I am happy I sold mine @ N13 plus, will buy again when it goes to N8 .

yak:



Which one is IB?
I go like meet you someday and have a chat. Your thinking pattern interest me though your delivery doesn't

International Breweries...

As for delivery... Nwanne develop what works for you... Most times I go for stocks people are scared of staking their monies on

megawealth01:


International Breweries...

As for delivery... Nwanne develop what works for you... Most times I go for stocks people are scared of staking their monies on

I think by delivery he means your pattern of writing

Hot start to this TW...

If you missed CHAMS at below #1 try reason OMATEK...

DD please