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Re: Nigerian Stock Exchange Market Pick Alerts by aimaft: 8:16pm On May 23 |
crownprince2017: Possible |
Re: Nigerian Stock Exchange Market Pick Alerts by ositadima1(m): 8:19pm On May 23 |
Streetinvestor2: Short answer: The outstanding shares (OS) are now 161,172,395,100 (6 new shares for every 1 of the existing 26,862,065,850 shares). Long answer: It started with the Extraordinary General Meeting (EGM) on February 12, where they reduced the share capital from the original N13,431,032,925 at a nominal value of 50 kobo per share to N537,241,317 at a nominal value of 2 kobo per share. Effectively, this reduced the share capital. Then, at the EGM on April 15, they approved a loan of $379.9 million from the major shareholder, AB InBev Nigeria Holdings BV (about 78% ownership), which was used to clear another previous loan from Citibank Abu Dhabi. The positive aspect is that this current loan is being converted to equity. AB InBev Nigeria Holdings BV will utilize it for their share of the rights issue. Some of my observations: There was a share capital reduction of approximately N10.2 billion. This money, in addition to the new additional share premium (N126 billion) from minority shareholders, can be utilized to either reduce debt or improve operations. Even though existing shareholders will maintain their share of the pie if they all participate in the rights issue, the share value has been diluted for new incoming shareholders. Both the 2023 and 2022 audited financials have the same issue: Administrative expenses and marketing and distribution expenses wipe out the gross profit. Additionally, there were N55 billion in exchange losses. Until they can improve efficiency, I don't foresee significant upward movement or profitability. This share devaluation will not help matters either. I dey talk my own as I see am, just like you. No sugar coating or partia 8 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by aimaft: 8:21pm On May 23 |
Re: Nigerian Stock Exchange Market Pick Alerts by presiade(m): 8:36pm On May 23 |
Has anyone got OKOMUOIL bribe (dividend)? It's unusually delayed. |
Re: Nigerian Stock Exchange Market Pick Alerts by onegentleguy: 8:41pm On May 23 |
SetrakusRa: Always cautious of an elephant. ...especially when you have an image of her positioned right in front of a bank. For good reason, I did inform some folks not to expect much from FBNH, but some had their doubt. ...they thought the elephant is now totally "strong enough to compete with her peers in the room". (div distribution in view) That time shall come though, but not now. it is well 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by KarlTom: 9:38pm On May 23 |
The wait was not worth it... A paltry 360k after wht stcool: 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by onegentleguy: 10:22pm On May 23 |
KarlTom: Sure you meant 36k. Because 360k is the equivalent of N3.6 FBNH's financial performance was slightly above par but they didn't do well in div payout. Not surprised though. The signs were there in her 2023 quarterly reports, hence my bold assertion that folks should not expect much from the bank. Btw, all this pent-up analysis on INTBREW. No point talking more about that coy. Enough said. Everyone should silently do their thing. Selah 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by leparj(m): 10:54pm On May 23 |
onegentleguy: 360k is three hundred and sixty thousand naira. That is what he meant. Really disappointed with FBNH. 3 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by KarlTom: 1:47am On May 24 |
He has 1m units. That's a div payout of 360 thousand Honestly, the signs didn't point to anything less than the 50k paid last year... onegentleguy: 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by KarlTom: 1:48am On May 24 |
Yh. leparj: |
Re: Nigerian Stock Exchange Market Pick Alerts by onegentleguy: 3:50am On May 24 |
KarlTom: Ok. I thought you were referring to the div amount less WHT. Regards 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by ositadima1(m): 8:53am On May 24 |
Re: Nigerian Stock Exchange Market Pick Alerts by Bukkydudu: 9:16am On May 24 |
aimaft: Please when is the payment date? |
Re: Nigerian Stock Exchange Market Pick Alerts by vacanci: 9:32am On May 24 |
Bukkydudu: You want to qualify for this shock? 2 Likes 1 Share |
Re: Nigerian Stock Exchange Market Pick Alerts by Bukkydudu: 9:42am On May 24 |
vacanci: When is dividend payment date |
Re: Nigerian Stock Exchange Market Pick Alerts by KarlTom: 10:00am On May 24 |
Ding!!! 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by KarlTom: 10:07am On May 24 |
It has not been disclosed... Bukkydudu: 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by stcool(m): 10:42am On May 24 |
I would have no choice than to exit this bank today and move my funds to TB...wait to buy later afte dividend is paid and price is adjusted. 3 Likes 1 Share |
Re: Nigerian Stock Exchange Market Pick Alerts by BullBearMkt(m): 11:16am On May 24 |
The crowd is not always right! 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by Ginalex(f): 11:16am On May 24 |
NGX be like "...let me see you, go low low low, let me see you go low low low..." |
Re: Nigerian Stock Exchange Market Pick Alerts by dapix: 11:18am On May 24 |
Abeg, anybody don receive UBA dividend? This N19 price is too juicy to resist, Expecting it to move back up next week, with the power of dividend re-investment. |
Re: Nigerian Stock Exchange Market Pick Alerts by EDUECO(m): 11:21am On May 24 |
leparj: Below 2 percent dividend yield is too poor for FBNH! The management of FBNH doesn't care about the financial progress of the shareholder!! 2 Likes 1 Share |
Re: Nigerian Stock Exchange Market Pick Alerts by EDUECO(m): 11:23am On May 24 |
I love this small small bear bear wey I dey see so๐๐ |
Re: Nigerian Stock Exchange Market Pick Alerts by Mfunkynation(m): 11:28am On May 24 |
dapix:I haven't received mine... the price is so tempting |
Re: Nigerian Stock Exchange Market Pick Alerts by Hogwarthtrades: 11:29am On May 24 |
presiade:received sometime yesterday. but notified email this morning. |
Re: Nigerian Stock Exchange Market Pick Alerts by KarlTom: 11:31am On May 24 |
KEY AGM RESOLUTIONS NASCON The issuance of bonus shares in the proportion of 1 new ordinary share of 50 kobo for every 50 existing ordinary shares of 50 kobo was approved. CHAMPION โThat 559,249,714 unallocated and unissued ordinary shares of 0.50 kobo each in the authorized share capital of the Company be and are hereby allotted to shareholders whose names appear in the Register of Members of the Company as at the close of business on May 10, 2024, based on a ratio of one (1) ordinary share for every seven (7) ordinary shares held..." NCR ... 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by Kereokwu(f): 12:02pm On May 24 |
Pls how much dividend per share did Okomu oil declare, I'm seeing two(N18.50, N14) conflicting numbers when I googled. |
Re: Nigerian Stock Exchange Market Pick Alerts by ositadima1(m): 12:19pm On May 24 |
Kereokwu: N14 per share, and it will be paid on May 23rd. I think the additional N4.5 figure is assuming the interim dividend will be the same as last year's interim dividend. |
Re: Nigerian Stock Exchange Market Pick Alerts by Papamrs: 12:24pm On May 24 |
I am new to this stock thing, I will like to buy , have downloaded Bamboo app, which stock can I invest ? Is 20k ok to invest? 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by Ginalex(f): 12:54pm On May 24 |
NASCON and DANGSUGAR dey one side dey cause chaos... Bank dey another side dey wreck havoc ... Blood everywhere 3 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by KayOn1: 12:55pm On May 24 |
Papamrs: My 2 cents: Look for one moniker BullBearMkt and read all his postings from the very first post till the last to have an idea of what this thing is all about, ask any questions you might have from the reading here before you start. If not, .... You might be better off playing Nairabet. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by KayOn1: 1:01pm On May 24 |
Make I no even talk about the IB RI matter wey it is even cheaper on the floor than the RI itself wey we go beg put before they credit the subscription like Wemabank. Glaring some of these people look us as dimwits but ... |
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