Thinking of selling a large chunk of my Transcorp Power shares at a discount via a cross deal. About 10,000 units. Any serious buyer can make me an offer and I'll decide if its good enough.. if i accept your offer, you'll have to deal with my stockbrokers who are based in Lagos... send in your bids if interested 😁

PATIENCE WINS THE GAME. These sharks deliberately keep a stock suppressed until they have bought to their satisfaction and force weak hands to sell off out of impatience.

Dear forum members,
I would like to ask knowledgeable members about C&I leasing
Recently, the company declared an interim dividend of 0.05 kobo(closure of Reg 12th August 2024), despite the outstanding bonus issue of January 5th, 2024 (closure of Reg)- specifically, the 2-for-3 bonus issue. However, the said bonus has yet to be credited to our CSCS account statements. My question is: will the interim dividend benefit the outstanding shares of individuals, or will it include the pending bonuses as well?
Thank you.
Modified

KarlTom:
Where is @bovali? 🤔

It's been a while.

I dey Jare. Decided to just be a silent participant. You help, they insult you. Just enjoying my peace of mind. Will be posting once a quarter from now (portfolio changes)

safepaulooo:
PATIENCE WINS THE GAME. These sharks deliberately keep a stock suppressed until they have bought to their satisfaction and force weak hands to sell off out of impatience.

SonofElElyonRet:
Thinking of selling a large chunk of my Transcorp Power shares at a discount via a cross deal. About 10,000 units. Any serious buyer can make me an offer and I'll decide if its good enough.. if i accept your offer, you'll have to deal with my stockbrokers who are based in Lagos... send in your bids if interested 😁

Hmmmm

GeeKudi:
Thanks. Please, do you know if it would be easy to move my portfolio to their platform?
I am also considering Stanbic IBTC.

Send the broker a message.

Mankind2024:
Dear forum members,
I would like to ask knowledgeable members about C&I financing.
Recently, the company declared an interim dividend of 0.05 kobo(closure of Reg 12th August 2024), despite the outstanding bonus issue of January 5th, 2024 (closure of Reg)- specifically, the 2-for-3 bonus issue. However, the said bonus has yet to be credited to our CSCS account statements. My question is: will the interim dividend benefit the outstanding shares of individuals, or will it include the pending bonuses as well?
Thank you.

I guess you are referring to C & I Leasing.
I contacted their registrar yesterday to ask the same question and was informed that the dividend won’t apply to the bonus, notwithstanding the fact that the ex-dividend date is over 7 months later than that of the bonus date.

Panadee:

I guess you are referring to C & I Leasing.
I contacted their registrar yesterday to ask the same question and was informed that the dividend won’t apply to the bonus, notwithstanding the fact that the ex-dividend date is over 7 months later than that of the bonus date.

Was their share price marked down after the qualification date of the bonus?. I just checked and could not see such.

Also they have increased their outstanding shares to effect the bonus and their earnings are calculated based on the new outstanding shares with the dividend also based on that.
Some things are not adding up.
Perhaps the guys very knowledgeable about these things can shed more light

Thanks so much for the valuable info. Nigerians we hail thee.

Panadee:

I guess you are referring to C & I Leasing.
I contacted their registrar yesterday to ask the same question and was informed that the dividend won’t apply to the bonus, notwithstanding the fact that the ex-dividend date is over 7 months later than that of the bonus date.

vacanci:


Was their share price marked down after the qualification date of the bonus?. I just checked and could not see such.

Also they have increased their outstanding shares to effect the bonus and their earnings are calculated based on the new outstanding shares with the dividend also based on that.
Some things are not adding up.
Perhaps the guys very knowledgeable about these things can shed more light

I recall it was marked down significantly, though I can't remember the price then.

*PS: It closed at N5.13 on January 4, 2024 to open at N3.08 on January 5, 2024 (Source: FSL securities price list historical data)

…

Panadee:


I recall it was marked down significantly, though I can't remember the price then.

Unless investing is showing a wrong historical because what I can see is a Mark up. Looking at the chat below. See the closing price on 4th and the opening price on 5th. Normally the closing price of previous day should be the opening price of current day unless a markdown happens

Hello Bovali, my digital queen. I hope you're doing well. How is your S&P 500 investment faring? I'm finding the market to be quite unpredictable at the moment. Nevertheless, I remain optimistic about the future, especially if Kamala Harris were to win the US presidential election. Wishing you a wonderful day ahead.

bovali:


I dey Jare. Decided to just be a silent participant. You help, they insult you. Just enjoying my peace of mind. Will be posting once a quarter from now (portfolio changes)

vacanci:


Unless investing is showing a wrong historical because what I can see is a Mark up. Looking at the chat below. See the closing price on 4th and the opening price on 5th. Normally the closing price of previous day should be the opening price of current day unless a markdown happens

Seems investing.com is wrong about it

Streetinvestor2:
My oga wa sabi follow the money. How far.which of the stock is giving you joy this morning

I am looking at UCAP (currently trading in overbought region but to pick up decent units upon pull back), increase my holding in Transcorp IF it drops below N10, DS, Wema (to pick up more units below 5.90), continue buying Ellah lakes below N3, do a bounce play on MTN and lastly swim with the sharks on O&O upon pull back…make I stop here…

Panadee:


Seems investing.com is wrong about it

I guess u are right.

It appears they recalculated the prices retrospectively by factoring in the new price post bonus.
I see them so that a lot especially with foreign stocks

The actual closing price in 4th was 5.13 and the opening price on 5th was 3.38 as seen from the NGX historical price chart

safepaulooo:
PATIENCE WINS THE GAME. These sharks deliberately keep a stock suppressed until they have bought to their satisfaction and force weak hands to sell off out of impatience.

The unfortunate thing is also that the sharks only do cross deals off the floor and not touch the offers on the floor.

Coolcash1:


I am looking at UCAP (currently trading in overbought region but to pick up decent units upon pull back), increase my holding in Transcorp IF it drops below N10, DS, Wema (to pick up more units below 5.90), continue buying Ellah lakes below N3, do a bounce play on MTN and lastly swim with the sharks on O&O upon pull back…make I stop here…

that Transcorp hmmmm might pull a big surprise after reconstruction,ELLAHLAKES another PRESCO and OKOMU in making....thank you sir

Oando Bid depth 43M now

SonofElElyonRet:
Thinking of selling a large chunk of my Transcorp Power shares at a discount via a cross deal. About 10,000 units. Any serious buyer can make me an offer and I'll decide if its good enough.. if i accept your offer, you'll have to deal with my stockbrokers who are based in Lagos... send in your bids if interested 😁

N100 per share. Instant payment

Ding !!!

Heishere:


N100 per share. Instant payment

In fact because of your offer, i no sell again... i don vex.. i go wait for Tony to do his abracadabra later

Ding

KarlTom:

E never ding nawu

Good Morning...

Streetinvestor2:
If you have some.put it up for sell to verify...lol

KarlTom:
Good Morning...

Make the thing come down joooor...

Meanwhile Oando continuing the bullish run

Bagwa:
Oando Bid depth 43M now

Good morning, BnSITL ...

Let us keep topping up the engine with rocket fuel.

https://leadership.ng/oandos-acquisition-of-naoc-to-reshape-nigerias-oil-gas-industry-analysts/

SonofElElyonRet:


Make the thing come down joooor...

Meanwhile Oando continuing the bullish run

Oando is now the Bomb!!! in NGX Bullish! Bullish!! Bullish!!!

leparj:


Just checked d documents for the egm.
It's to consider, discuss and if deemed pass special resolutions on 3 issues.
1. Increase in Share Capital.
2. Amendment of Memorandum of Association.
3. Bonus issues.

No dividend mentioned.

You are absolutely right. Alot of people are not reading in between the lines. UCAP is doing Extra Ordinary General Meeting [EGM] on August 21, 2024 and not the normal Annual General Meeting [AGM] and the purpose is for Shareholders to approve the Share allotment and share increase.

No of shares outstanding in the market will increase from August 21 hence the constant mop up before 21st.

Dividend payment happening on Aug 9 has nothing to do with the EGM. At current price, the stock seems undervalued and there is still space for uptick considering the forecasted revenue figures we expect the company to declare by the end of the year including the full dividend to be paid. UCAP has had one the top five dividend yield in the market within the last 3-years and same will happen this year.

Just that people dont always do their research well and follow the band wagon effect. Many people will come back scrambling.

Veritas on Full Bid.

What's cooking?

Transcorp this morning though