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Nairaland Forum / Nairaland / General / Investment / Nigerian Stock Exchange Market Pick Alerts (11311741 Views)
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Re: Nigerian Stock Exchange Market Pick Alerts by KarlTom: 10:34am On May 09 |
I'm just hearing this theory (the bolded) for the first time. Kindly shed more light on it. Who is responsible for the 'drop' in price? Frangel: |
Re: Nigerian Stock Exchange Market Pick Alerts by KarlTom: 10:35am On May 09 |
Thank you my honorable colleague... dapix: 3 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by vacanci: 10:50am On May 09 |
KarlTom: but have you ever heard about price mark down post dividend qualification date? 4 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by ositadima1(m): 10:50am On May 09 |
KarlTom: That's correct. It has to do with the fact that when a company pays a dividend, the company's value decreases by an amount equivalent to the dividend paid. The SEC or CSCS enforces this on the ex-dividend date. In some other countries, this adjustment usually happens naturally through market forces. But u know say naija things na by force nah. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by Frangel: 11:14am On May 09 |
ositadima1: Abi you wan eat your akara and have it. The important date for you is the date you bought or sold. Being on the register should be left for the registrars to figure out (normally it's T+3days after transaction). That is why you normally see them announce period register is closed so they update it for purposes of dividend, bonus or any other corporate actions. With UBA, if you buy tomorrow 10th May, and/or hold your shares till end of tomorrow, you will get dividend. If you sell by 13th, you will still get your dividend. But if you buy on 13th, nothing for you. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by Frangel: 11:16am On May 09 |
KarlTom: Has always been the practice. NGX adjusts the price before market opens by 9.30am. Marked-down price. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by KarlTom: 11:19am On May 09 |
Not officially... vacanci: |
Re: Nigerian Stock Exchange Market Pick Alerts by KarlTom: 11:19am On May 09 |
Noted. Thank you Frangel: |
Re: Nigerian Stock Exchange Market Pick Alerts by dapix: 11:22am On May 09 |
Has anyone gotten GTCO dividend? 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by eziokwunwoko(m): 11:30am On May 09 |
Goodmorning Emmasoft; You said retail investor that dont have up to N50million that still participate in the primary FGN Bond offer. Can you explain more details |
Re: Nigerian Stock Exchange Market Pick Alerts by Mfunkynation(m): 11:31am On May 09 |
I once bought a stock , then sold it 3 days to the qualification date. but was shock to receive the dividend 😁😁.. I don't know what happened ooo Note: I will try it with another stock this week and see |
Re: Nigerian Stock Exchange Market Pick Alerts by SonofElElyonRet: 11:33am On May 09 |
Mfunkynation: You suppose return am nah. And na una go dey complain about government.. you know say no be your money o 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by Mills55: 12:05pm On May 09 |
dapix: GTCO dividend just landed. 3 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by Bukkydudu: 12:08pm On May 09 |
Re: Nigerian Stock Exchange Market Pick Alerts by dapix: 12:12pm On May 09 |
Mills55: Confirmed!!!! |
Re: Nigerian Stock Exchange Market Pick Alerts by chillykelly86(m): 12:30pm On May 09 |
Reinvesting all your dividends, if you have other means of survival, (the power of compounding interest) works magic for long term investors. 3 Likes 1 Share |
Re: Nigerian Stock Exchange Market Pick Alerts by Mills55: 12:47pm On May 09 |
Bukkydudu: GTCO. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by Shalom428: 1:02pm On May 09 |
Nigeria Brewery at ₦23 looks ridiculously cheap , the rally will be crazy the very quarter it eventually returns to profitability. Not a buy recommendation ... I'm not buying and won't be buying any stock till the economy has a solid positive direction. I feel safe with true yield of Tbills at 26%. Safety First. 5 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by sophy17(m): 1:43pm On May 09 |
dapix: Yes. Got bank alert 12noon 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by Payunsin: 2:20pm On May 09 |
Uacn on offer despite their impressive Q1 result |
Re: Nigerian Stock Exchange Market Pick Alerts by KayOn1: 2:30pm On May 09 |
Shalom428: Really. Can I get this(subscribe) thru MorganCapital? I am interested. ** Tbills @ 26% |
Re: Nigerian Stock Exchange Market Pick Alerts by Adinije(f): 2:30pm On May 09 |
Payunsin:Profit taking I guess. Cos, I was trading at #11. Q1 result moved it to #15 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by RodgersAkpafu: 2:43pm On May 09 |
dapix:yes |
Re: Nigerian Stock Exchange Market Pick Alerts by debeey87(m): 2:50pm On May 09 |
Payunsin: The result is not sustainable in Q2. Sales from PPE boosted the PAT . 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by yMcy56(f): 2:50pm On May 09 |
yMcy56:April 25 post. - More pickups and cross deals of Nigerian Breweries shares (NB) @N23... - Closed to N7bn in transactions today alone.... E Ku Market ooo 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by megawealth01: 3:01pm On May 09 |
yMcy56: LEGIT... DYOR 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by Shalom428: 3:04pm On May 09 |
KayOn1:Yesterday's stop rate was 20.7% which is equivalent to 26.1% true yield. Your bank can run it for you , it's quite easy. There is a dedicated forum for Tbills , you will get more information there. I don't want to derail this trend. Shalom 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by Emeka1441: 3:10pm On May 09 |
Whats happening.. nb has been a loss making company. Any hope for the future? Apart from hope.. |
Re: Nigerian Stock Exchange Market Pick Alerts by Nelson2020: 3:11pm On May 09 |
Am I the only person who has not received zenith dividend? 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by egojeny1(f): 4:31pm On May 09 |
Frangel:Thanks for this explanation |
Re: Nigerian Stock Exchange Market Pick Alerts by Kwibaba(m): 5:20pm On May 09 |
Nelson2020: You are not |
Re: Nigerian Stock Exchange Market Pick Alerts by faoogoke(m): 6:16pm On May 09 |
To all oando hopefuls. SEC just banned Tinubu from sitting on the board of any company for the next 5 years. This is subsequent upon the audit report conducted into the finance and operations of the company. 1 Like |
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