dapix:
https://doclib.ngxgroup.com/Financial_NewsDocs/40898_UNITED_CAPITAL_PLC-_QUARTER_1_-_FINANCIAL_STATEMENT_FOR_2024_FINANCIAL_STATEMENTS_APRIL_2024.pdf

UCAP Q1 results

Nice one from ucap .And this company has shareholders at heart. Na pension fund be this guys for life

ndept:
Not commensurate with the share price.

They paid interim div

ndept:
Not commensurate with the share price.

Interim Div of 25k was paid
0.25k + 0.60k = 0.85k
Dem no try like this?

Streetinvestor2:
They paid interim div

Yes, interim dividend of 25k was paid, making a total dividend of 85k for the financial year. Their is improvement in the bank performance sha. I am still wondering how the bank will meet up with the CBN recapitalization, though the worst that can happen is for the bank to exit international banking.

Streetinvestor2:
It looks people are no longer paying for those your mugu fall recommendation. The country is heading for better days if you can't see it.The indicators are thr.Nothing can be as worst as the last government in naija going forward.
Still not a fan of apc or balablu but will stand by the truth whrn I see one..Niaja economy will turn for the better this yr

We should be mindful of how we address ourselves here. he never force his recommendation on anyone.if we continue like this,it will make some people to limit some valuable information they dish out here free of charge.

Choiceguy:


We should be mindful of how we address ourselves here. he never force his recommendation on anyone.if we continue like this,it will make some people to limit some valuable information they dish out here free of charge.

@Streetinvestor2 is fond of this avoidable attack. He is unrepentant and has done this so many times on this platform despite the fact that @yok did not quote him on his comment.

Choiceguy:


We should be mindful of how we address ourselves here. he never force his recommendation on anyone.if we continue like this,it will make some people to limit some valuable information they dish out here free of charge.

In as much as my first sentence may come out as an attack.It is because he always comes here to indirectly market his private forum or trying to redirect members here to that forum. Go back and read his post.

Streetinvestor2:
In as much as my first sentence may come out as an attack. It is because he always comes here to indirectly market his private forum or trying to redirect members here to that forum. Go back and read his post.

You're right.
He can't make any sentence without referencing the private forum

Streetinvestor2:
In as much as my first sentence may come out as an attack.It is because he always comes here to indirectly market his private forum or trying to redirect members here to that forum. Go back and read his post.

It is a free world bro. Nobody is forced to join any private forum. People that want to join should be free to do so. Same with people that don't care to join. People should also be free to speak freely here, including those who have private forum to market

It seems nothing spectacular to expect from this market till second half of the year.

The biggest disappointment so far is Dangote, with the deceitful so called merger. I recall someone gave us the expo here at the beginning of the year that Dangote will fall our hand big time.

Streetinvestor2:
It looks people are no longer paying for those your mugu fall recommendation. The country is heading for better days if you can't see it.The indicators are thr.Nothing can be as worst as the last government in naija going forward.
Still not a fan of apc or balablu but will stand by the truth whrn I see one..Niaja economy will turn for the better this yr

In as much as I do not want to bring politics into this forum, but then, I need you to enlighten us on what you are seeing or which particular area/field/metrics that HAS made this government better than the last regime. Forget about the fact that we made money in the stock market, that will be selfish of us, the percentage of Nigerians participating in the stock market is less than 1%. So, what about the rest 99%?

For example:

Cooking gas is now N1,200 per kg compared to N600 under Buhari regime
Rice N77,000 per bag against N32,000 vis-vis other food items
Petrol N580 per ltr against N185 under Buhari
Diesel N1,200 against N800
…. just to mention a few

The administration is just cleaning up the mess they created unnecessarily with the abrupt removal of subsidy. On the dollar issue, they met it at N650 and with all the shout up and down, it is still N1,000. Not to talk about the massive increase in loans and external debts they have incurred in just less than a year of governance. I have so many friends that are into manufacturing and know what they are going through economically. Electricity generation is still nothing to write home about. Not to forget the fact that wages of workers has remained same while the purchasing power of every Nigerian has been massively reduced.

Please note that this is not a fight or attack on you.

iHaveMadeiT2:
It seems nothing spectacular to expect from this market till second half of the year.

The biggest disappointment so far is Dangote, with the deceitful so called merger. I recall someone gave us the expo here at the beginning of the year that Dangote will fall our hand big time.

The bolded may not be true sha. I know that the announcement is around the corner, personally, I think it will come on or before June this year.

ndept:
In as much as I do not want to bring politics into this forum, but then, I need you to enlighten us on what you are seeing or which particular area/field/metrics that HAS made this government better than the last regime. Forget about the fact that we made money in the stock market, that will be selfish of us, the percentage of Nigerians participating in the stock market is less than 1%. So, what about the rest 99%?

For example:

Cooking gas is now N1,200 compared to N600 under Buhari regime
Rice N77,000 against N32,000 vis-vis other food items
Petrol N580 against N185 under Buhari
Diesel N1,200 against N800
…. just to mention a few

The administration is just cleaning up the mess they created unnecessarily with the abrupt removal of subsidy. On the dollar issue, they met it at N650 and with all the shout up and down, it is still N1,000. Not to talk about the massive increase in loans and external debts they have incurred in just less than a year of governance. I have so many friends that are into manufacturing and know what they are going through economically. Electricity generation is still nothing to write home about. Not to forget the fact that wages of workers has remained same while the purchasing power of every Nigerian has been massively reduced.

Please note that this is not a fight or attack on you.

Both of you are saying the same thing but from different perspective.

Buhari created serious mess but held all the economic indicators of the mess down artificially and unsustainably.

Tinubu came and removed the veil so Nigerians could feel the impact of the mess Buhari created.

However, Tinubu is not free of blame because, first he supported Buhari and second, he should have adopted a gradualist approach in removing the veil, rather the totalist approach he has adopted so far. E.g why not phase out fuel subsidy removal, instead of removing 💯 at once? Same mistake is being repeated with electricity subsidy.

Electricity subsidy removal is in phases, that's why we have band A to e and bandit

iHaveMadeiT2:

Both of you are saying the same thing but from different perspective.

Buhari created serious mess but held all the economic indicators of the mess down artificially and unsustainably.

Tinubu came and removed the veil so Nigerians could feel the impact of the mess Buhari created.

However, Tinubu is not free of blame because, first he supported Buhari and second, he should have adopted a gradualist approach in removing the veil, rather the totalist approach he has adopted so far. E.g why not phase out fuel subsidy removal, instead of removing 💯 at once? Same mistake is being repeated with electricity subsidy.

I saw what you did here...

Payunsin:
Electricity subsidy removal is in phases, that's why we have band A to e and bandit

iHaveMadeiT2:
The biggest disappointment so far is Dangote, with the deceitful so called merger. I recall someone gave us the expo here at the beginning of the year that Dangote will fall our hand big time.

Hhmmm.....
I think Corporate Actions from indigenous companies used to be very slow compared to the ones with international presence/parent companies...

- The merger is not deceitful (EXCEPT Alhaji cancelled it ooo)
- If there won't be merger, then, the public wouldn't have been informed by the 2 listed companies in separate company disclosures

Links to all these disclosures were provided here around that time last year........i no fit find any link for now.

ndept:
In as much as I do not want to bring politics into this forum, but then, I need you to enlighten us on what you are seeing or which particular area/field/metrics that HAS made this government better than the last regime. Forget about the fact that we made money in the stock market, that will be selfish of us, the percentage of Nigerians participating in the stock market is less than 1%. So, what about the rest 99%?

For example:

Cooking gas is now N1,200 per kg compared to N600 under Buhari regime
Rice N77,000 per bag against N32,000 vis-vis other food items
Petrol N580 per ltr against N185 under Buhari
Diesel N1,200 against N800
…. just to mention a few

The administration is just cleaning up the mess they created unnecessarily with the abrupt removal of subsidy. On the dollar issue, they met it at N650 and with all the shout up and down, it is still N1,000. Not to talk about the massive increase in loans and external debts they have incurred in just less than a year of governance. I have so many friends that are into manufacturing and know what they are going through economically. Electricity generation is still nothing to write home about. Not to forget the fact that wages of workers has remained same while the purchasing power of every Nigerian has been massively reduced.

Please note that this is not a fight or attack on you.

You are right in your assumption because it is still apc government that allowed the total mess of the economy to this level by refusing to do the right things.I was for Labourin the last election because I was expecting things this government is doing to happen if they succeeded Though the approach could have differed with transparency and thought out ways

I Removal of dubious fuel subsidy. I had a class mate who got 3 billion during gej in it for bringing in nothing.
2 I wanted naira floating not controlled floating /profiteering we had in the past by few individuals
3.I wanted administrative corruption reduced to a very low level
4.I wanted government wastage controlled to the lowest level
5.I wanted bdc regulated well if not dismantled completely
6.I wanted insecurity tackled mostly the political induced ones..The list goes on...

Why I feel this government is better and will definitely end better is because they are handling some of the problems now.The approach may not be perfect.It is still better than maintaining old status quo .Though apc didn't allow gej start it because they wanted to rubbish his government for political reasons. .Pmb will remain as the worst thing to happen to this country. NA agidi been dey the guy head,lol

And for price of things.it will definitely come down just give it time.It is already happening in one line of my business .Don't equally forget naija people dey greedy. They like to capitalize on situations to make more cash.
.

iHaveMadeiT2:
It seems nothing spectacular to expect from this market till second half of the year.

The biggest disappointment so far is Dangote, with the deceitful so called merger. I recall someone gave us the expo here at the beginning of the year that Dangote will fall our hand big time.

"Waiting helps you as an investor and a lot of people just can't stand to wait. If you didn't get the deferred-gratification gene, you've got to work very hard to overcome that." - Charlie Munger.

"The stock market is a device for transferring money from the impatient to the patient." - Warren Buffett.

I am confused o...

"The market does not care about your opinion. It only cares about supply and demand." - Jesse Livermore.

"By the time you figure out which way the wind is blowing, you'll be standing in the rain." - Unknown.

Which path should you follow? It appears that whichever path you choose, there is a 'Master' who supports such actions. Very Bad.

Streetinvestor2:
It looks people are no longer paying for those your mugu fall recommendation. The country is heading for better days if you can't see it.The indicators are thr.Nothing can be as worst as the last government in naija going forward.
Still not a fan of apc or balablu but will stand by the truth whrn I see one..Niaja economy will turn for the better this yr

You could still have made your point without being this combative bro. We know manufacturers haven't been doing well. We also know some of the issues are being addressed, like forex/FDI/FX backlog, inflation. Let's just share our views, opinions and perspectives and leave every forumite to make their decisions.

emmanuelewumi:



You no dey diplomatic at all

As in eh

Vawulence Pro Max, as they say.

yMcy56:

This my cassava-garri-ewa-agbado boss self, make una no crash this market o, na beg we dey.

On a more serious note, do we think the banks will now open eyes and allow the prices to crash that much.......when their main tasks now is to meet the new capital base?
I just dey reason am ni o.

I think another better alternative for the banks is to consider merger or acquisition too.

Q1 2024 should be good for the banks. But from Q2, grab your pop corn. Depending on where the naira/dollar exchange rate settles, some fx gains may even be vomitted. This doesn't in anyway mean the banks aren't healthy. But you and I can't predict how the market will react. We pray against every spirit of Zenith at #10. Oga Agba, well done Sir.

iHaveMadeiT2:
It seems nothing spectacular to expect from this market till second half of the year.

The biggest disappointment so far is Dangote, with the deceitful so called merger. I recall someone gave us the expo here at the beginning of the year that Dangote will fall our hand big time.

To think I sold my Dangote Sugar last December after doing about 200 percent. I re-entered again this year, not to exit is now an issue...I don average Don tire and I'm no ready for that again...

yMcy56:

Hhmmm.....
I think Corporate Actions from indigenous companies used to be very slow compared to the ones with international presence/parent companies...

- The merger is not deceitful (EXCEPT Alhaji cancelled it ooo)
- If there won't be merger, then, the public wouldn't have been informed by the 2 listed companies in separate company disclosures

Links to all these disclosures were provided here around that time last year........i no fit find any link for now.

You mean the attached?

sterlingD:
You mean the attached?

Exactly!
Thanks a lot.
I was just searching for the links now, to again refresh the memory about the merger....

** So now, the matter is pending on SEC for approval!

https://doclib.ngxgroup.com/Financial_NewsDocs/39369_NASCON_ALLIED_INDUSTRIES_PLC-UPDATE_ON_PROPOSED_MERGER_CORPORATE_ACTIONS_AUGUST_2023.pdf

Your 'average' is tired of averaging...

This DANGFOOD matte na patience go solve am.

A Yoruba slang says elemi lo maa last (the rugged will go the whole nine yards)

defebe:


To think I sold my Dangote Sugar last December after doing about 200 percent. I re-entered again this year, not to exit is now an issue...I don average Don tire and I'm no ready for that again...

KarlTom:
Your 'average' is tired of averaging...

This DANGFOOD matte na patience go solve am.

A Yoruba slang says elemi lo maa last (the rugged will go the whole nine yards)

And if the merger is not consummated till bull goes back to sleep and the bear takes center stage....

KarlTom:
Your 'average' is tired of averaging...

This DANGFOOD matte na patience go solve am.

Drug load of patience required.
It will definitely come from the look of things.....
Moreso, that DANG FERTILIZER and REFINERY is still coming for listing, there'll be the need to tidy the FOOD/Consumer Goods aspect up...

UBA

Proposed Dividend A Final Dividend of N2.30k
Closure of Register The Bank’s Register of Members will be closed on Monday, May 13, 2024.
Qualification Date Friday, May 10, 2024
Payment Date On Friday, May 24, 2024,



https://doclib.ngxgroup.com/Financial_NewsDocs/40903_UNITED_BANK_FOR_AFRICA_PLC-UBA_PLC_-_CORPORATE_ACTION_ANNOUNCEMENT_FY2023_CORPORATE_ACTIONS_APRIL_2024.pdf

https://doclib.ngxgroup.com/Financial_NewsDocs/40904_UNITED_BANK_FOR_AFRICA_PLC-UBA_PLC_-_NOTICE_OF_AGM_MAY_24,_2024_CORPORATE_ACTIONS_APRIL_2024.pdf

defebe:


To think I sold my Dangote Sugar last December after doing about 200 percent. I re-entered again this year, not to exit is now an issue...I don average Don tire and I'm no ready for that again...

Merger may take place early next year or late this year, this is purely assumption.

thebargainhunte:


Merger may take place early next year or late this year, this is purely assumption.

My own guess is q3

On point

yMcy56:

Drug load of patience required.
It will definitely come from the look of things.....
Moreso, that DANG FERTILIZER and REFINERY is still coming for listing, there'll be the need to tidy the FOOD/Consumer Goods aspect up...

Streetinvestor2:

And for price of things.it will definitely come down just give it time.

Ok o. We all want a Nigeria of our dream irrespective of the political party. But then, the bolded is paramount. If I tell you that my expenses has tripled since this government took over. Just to do fence 2 weeks ago for one of my empty plot of land costs over N1.7m (just 3 sides without gate). I just came back from Foodco now and the bread we normally buy @ N350 is now N1000......the list is endless