UPDC REIT

22k dividend for each 50k share held.
Qualification date: 16 May 2024
Payment date: 24 May 2024
Registrar: FIRST REGISTRARS
.

Picky1:


Please how about UPDCREIT? Did they declare any dividends, when and how much?
Which Registrar? Thank you!

Picky1:


Please how about UPDCREIT? Did they declare any dividends, when and how much?
Which Registrar? Thank you!

Yes, they did.

0.22 kobo paid on 24th May 2024.

KarlTom:
UPDC REIT

22k dividend for each 50k share held.
Qualification date: 16 May 2024
Payment date: 24 May 2024
Registrar: FIRST REGISTRARS
.

Thank you!

freeman67:


Yes, they did.

0.22 kobo paid on 24th May 2024.

Appreciate you!

essentialone:


Nigeria Breweries NB, Buy more, Hold on, or Sell Off?
What is the Target Price?

Target or exit price??
If you ain't ready to accept the worst scenario of sub N18.00 or possible negative equity, please japa or surrender current holding at trough length +/_ N18 to N30.
The Breweries are in for the worst case scenario in the history of NGX.
Read the link below for better understanding.

https://nairametrics.com/2024/04/27/nigerian-breweries-receives-shareholders-approval-for-n600-billion-rights-issue/


Recall that after a board meeting on April 3, 2024, the Board of Directors of Nigerian Breweries had announced a decision to raise N600 billion through a rights issue programme. The move became necessary due to the company’s burgeoning debt and ailing balance sheet.
Part of the statement from the board meeting had read.
Due to the negative impact of the devaluation of the naira and the high cost of funds on the Company’s capital structure, especially on the Company’s debts, the proceeds from the Rights Issue will help to reduce the huge debt burden arising thereby leading to a healthier balance sheet.”
“Coupled with ongoing cost savings and other operational efficiency efforts, the Board is optimistic about steering the Company back to the path of sustainable profitability in the near future.”
The implication of the above is that you may buy NB or any of the Breweries for your children future and generational wealth antecedents.
For the current PBAT reform to normalise, it would take at least 5 years, plus ➕️ his guarantee 2nd term.
Any breakage in governance will further reverse the anticipated future reward of current suffering in Nigeria.

Has anyone received DANGCEM dividend today?

Transcorp dividend just landed. Wow wasn't expering it, certainly not as much as I got. This one go take care ofvthis week. Hopefully next year dividend will be better.

Princkez:
Has anyone received DANGCEM dividend today?

I watched when he said said at the AGM that he likes paying dividends on Friday so that shareholders can enjoy the weekend so payment is on 31/5

Transcorp dividend received

In other news, the Lagos state government is planning to build a waste-to-energy power station generating about 70 megawatts. I think it is a very good venture that should be emulated by the other states.

I think the government should list it on the Nigerian Stock Exchange (NGX). They can hold like 50 to 60% stake and float it as a public company to mitigate the inefficiencies usually seen in government-owned assets.

The raw materials are almost free and plentiful. I think the business can be very profitable.

They should acquire a fleet of electrically powered garbage trucks from China that will roam the streets of Lagos. I would invest in it personally sha.

Mankind2024:

Target or exit price??
If you ain't ready to accept the worst scenario of sub N18.00 or possible negative equity, please japa or surrender current holding at trough length +/_ N18 to N30.
The Breweries are in for the worst case scenario in the history of NGX.
Due to the negative impact of the devaluation of the naira and the high cost of funds on the Company’s capital structure, especially on the Company’s debts, the proceeds from the Rights Issue will help to reduce the huge debt burden arising thereby leading to a healthier balance sheet.”
“Coupled with ongoing cost savings and other operational efficiency efforts, the Board is optimistic about steering the Company back to the path of sustainable profitability in the near future.”
The implication of the above is that you may buy NB or any of the Breweries for your children future and generational wealth antecedents.
For the current PBAT reform to normalise, it would take at least 5 years, plus ➕️ his guarantee 2nd term.
Any breakage in governance will further reverse the anticipated future reward of current suffering in Nigeria.

Thanks for the insight. Fowl wey never see food chop, dey think of future generation?

Despite the Great Tinubulation of 2023, these are the 10 Companies that still paid the highest amount of dividend to Shareholders:

1. Dangote Cement Plc – N511.2 billion
2. Airtel Africa Plc – N252.4 billion
3. Zenith Bank Plc – N125.6 billion
4. BUA Foods Plc – N99 billion
5. GTCO Holdings – N97.1 billion
6. United Bank for Africa – N95.8 billion
7. Seplat Energy Plc – N85.5 billion
8. Access Holdings – N72.3 billion
9. BUA Cement – N67.7 billion
10. Lafarge Africa – N30.6 billion

If you are a Dividend Hunter, and you do not have all or some of these companies, Na wa for you ooo

essentialone:
Despite the Great Tinubulation of 2023, these are the 10 Companies that still paid the highest amount of dividend to Shareholders:

1. Dangote Cement Plc – N511.2 billion
2. Airtel Africa Plc – N252.4 billion
3. Zenith Bank Plc – N125.6 billion
4. BUA Foods Plc – N99 billion
5. GTCO Holdings – N97.1 billion
6. United Bank for Africa – N95.8 billion
7. Seplat Energy Plc – N85.5 billion
8. Access Holdings – N72.3 billion
9. BUA Cement – N67.7 billion
10. Lafarge Africa – N30.6 billion

If you are a Dividend Hunter, and you do not have all or some of these companies, Na wa for you ooo

As usual FUGAZ will always be among, only without its "F".

Princkez:
Has anyone received DANGCEM dividend today?

Nope
Still waiting

KarlTom:
What's your offer price?

The current price

336.6 or 373

Utalinmou:

The current price

Ginalex:
Another m@d volume in Access

hmmm

Ginalex:
hmmm

Access wey I dey wait for N6😂

Ginalex:
A quick glance of the bank's 5 year financial summary tells one all they need to know about whether they're fundamentally sound or not .. plus for there to be an exit by one party, there's a corresponding accumulation by another.. 6 billion naira worth of trades in a week on one stock tells a lot, don't you think so? Or 6 billion na money wey person dey use monkey hunt?

I believe big shareholders are reinvesting their dividends.

Are there Registrars or Stockbrokers that have an automated system for dividends re-investment?

Agbalowomeri:


Access wey I dey wait for N6 😂

...be careful o Agba

Princkez:
were you see money...abi nah for free??

Yes o. I will take small profit today...the price will still reverse back to less than ngn20

Investors count losses as brewery sub-sector wobbles under high OpEx, FX volatility

https://guardian.ng/business-services/capital-market/investors-count-losses-as-brewery-sub-sector-wobbles-under-high-opex-fx-volatility/

Agbalowomeri:


Access wey I dey wait for N6😂

all the best

Agbalowomeri:


Access wey I dey wait for N6😂

Ahh

essentialone:
Are there Registrars or Stockbrokers that have an automated system for dividends re-investment?

No auto DRIP/SCRIP options available yet on NGX. some companies offer manual scrip-dividend, but sometimes takes longer to ratify vs you buying the shares yourself with the dividend paid. We should probably see DRIP / Auto-scrip option become normalised within the next 2-4 years . AELP is what is on the regulatory bodies mind for continental cash-out.

Ding Ding

Ding!

https://doclib.ngxgroup.com/Financial_NewsDocs/41335_STERLING_FINANCIAL_HOLDINGS_COMPANY_PLC-_QUARTER_5_-_FINANCIAL_STATEMENT_FOR_2023_FINANCIAL_STATEMENTS_MAY_2024.pdf

EPS of 75k as against 46k in 2022. No dividend proposed by the Directors.

Something is brewing...

KarlTom:
Does anyone have insider information on Dangote Rice?