OKOMU OIL PALM FAITHFULS READ BELOW

The Federal Inland Revenue Service, FIRS, on Wednesday sealed two companies in Delta and Edo States over N8billion tax indebtedness to the Federal Government. FIRS sealed the companies during its Tax Enforcement action in the two states. The Companies sealed include Bensegba Technical Services Limited and Okomu Oil Palm Plc at Kilometre 7 Refinery road, Ekpan and Okomu-Udo Communities in Uvwie and Ovia South-West Local Government Areas of Delta and Edo States respectively.

The warrant of distraint indicated that BENSEGBA Technical Services Limited is indebted to the FIRS to the tune of one hundred and twenty one million, one hundred and ninety one thousand, seven hundred and fifteen naira. While Okomu-Oil Palm Plc is indebted to the tune of eight billion, one hundred and sixty million, fifty-two thousand twenty naira

http://dailypost.ng/2018/02/14/firs-seals-okomu-oil-palm-bensegba-services-limited-n8-5bn-tax-debt/

Greetings to the gurus FXuser, Rabbi, Octopus and all contributors. As a newbie in the NSE I almost freaked out because of Mr. Bear thank you all for the brilliant TA and Fundamental analysis. After last week I came to appreciate Mr. Bear, Knowing how to use the Bear market is the root to riches.

Cheers

Random Thought....

Average price differential between Zenith and GTB has been in the 48% range over the last few months. My thinking is that this differential should not exceed 25% in favour of GTB factoring in all tangibles and intangibles.

One of these stocks is either overvalued or the other is undervalued. Only time will tell.



DD: Just because its fashionable to issue disclaimers these days, I feel obliged to add mine. Here we go..

You can consider my statement as an investment advice or not.....I no send

Onuokwu:
Random Thought....

Average price differential between Zenith and GTB has been in the 48% range over the last few months. My thinking is that this differential should not exceed 25% in favour of GTB factoring in all tangibles and intangibles.

One of these stocks is either overvalued or the other is undervalued. Only time will tell.



DD: Just because its fashionable to issue disclaimers these days, I feel obliged to add mine. Here we go..

You can consider my statement as an investment advice or not.....I no send

You no send abi? We go jam for Ojuelegba

Agbalowomeri:
You no send abi? We go jam for Ojuelegba

I dey wait you

Nigerian breweries result is out.pls having difficulty download. I need link.

Agbalowomeri:


Alone in the house with sir passwell. Abeg wake me when dollar hit 260

@Agba, where is this guy?
Passwell!

Pls any rumour on Dividend by Fidelity with this new CBN policy.can dey pay 40% EPS.

Tolktob:


@Agba, where is this guy?
Passwell!

O boy I no here from am o. May be he is mendes419

http://www.nse.com.ng/Financial_NewsDocs/20876_U_A_C_N__OF_NIGERIA_PLC._CORPORATE_ACTIONS_FEBRUARY_2018.pdf

This is the way to go. Maybe Management is now thinking or fresh ideas are coming up.....or preparatory to something big. Time will tell.

@Yariya
I don release for Aiico o
We still fit do valentine

Dividend hunters here we go.

NBL

Interim - N1.00 Pd Nov 2017
Final - N3.13 to be pd in March 2018

Reach your own conclusions

http://www.nse.com.ng/Financial_NewsDocs/20880_NIGERIAN_BREWERIES_PLC._CORPORATE_ACTIONS_FEBRUARY_2018.pdf

Agbalowomeri:
O boy I no here from am o. May be he is mendes419

Me think say na Fxuser

valentinenwoko:
Nigerian breweries result is out.pls having difficulty download. I need link.

Heavy document + Heavy traffic. Try again later or visit coy website much later.

Onuokwu:


Heavy document + Heavy traffic. Try again later or visit coy website much later.

All man dey chuk eye for dividend

Chibuking81:

You want kill the bank?
That should be 36% per annum, if that happened no body will buy treasure bill again. Most bank workers don't know the amount paid to customers on fix deposit. The highest you can get will not be above 7% . Meaning 7% divided by 12 months = 0.58% per a month.
#1 million on fix deposit going by 7% will give you #70,000 only per annum.

I was surprised when I saw what the guy posted so I needed to clear my doubt.
The marketer didn't do his homework very well.

Onuokwu:
Dividend hunters here we go.

NBL

Interim - N1.00 Pd Nov 2017
Final - N3.13 to be pd in March 2018

Reach your own conclusions

http://www.nse.com.ng/Financial_NewsDocs/20880_NIGERIAN_BREWERIES_PLC._CORPORATE_ACTIONS_FEBRUARY_2018.pdf

N4.13 for a stock selling for N131....
3.15% dividend yield.. . waka pass

pluto09:



N4.13 for a stock selling for N131....
3.15% dividend yield.. . waka pass

And it will still be on bid tomorrow

Agbalowomeri:
Please will flourmills rights qualify for this year's dividend?

Yes, it ranks parri passu.

Agbalowomeri:
And it will still be on bid tomorrow

The company is paying all the made in 2017 as dividend, even at that the dividend is still less than 4%.

For those unable to download the announcement

Agbalowomeri:
And it will still be on bid tomorrow

Bid Ko. Bid ni. When that guy started offloading all the way from N150, I knew some people don see result.

Na GTB I dey wait for shaa.

I have been wrong severally before.

This bull run no be am at all. But still 8% PAF no bad.

I no like as you take run leave passengers today.

Agbalowomeri:
O boy I no here from am o. May be he is mendes419

Passwell Ke. I don't do double Moniker!

pluto09:



N4.13 for a stock selling for N131....
3.15% dividend yield.. . waka pass

longlife20:


The company is paying all the made in 2017 as dividend, even at that the dividend is still less than 4%.

Agbalowomeri:
And it will still be on bid tomorrow

That's the thing about investing and investors. Sometimes, emotions distort decision making...like they say in local parlance "some people dey look face". There are many of less fancied companies that can generate much healthier "cash money" returns in a given time frame. As for me, I care about the money, not the company.

GTay:
For those unable to download the announcement

result

http://www.nse.com.ng/Financial_NewsDocs/20879_NIGERIAN_BREWERIES_PLC._FINANCIAL_STATEMENTS_FEBRUARY_2018.pdf

Mpeace:
This news is taking its toll on sime stocks.

Meaning that most bank we expected to pay good dividend this year will be prohibited by the CBN to pay as suppose.

currentprice:


result

http://www.nse.com.ng/Financial_NewsDocs/20879_NIGERIAN_BREWERIES_PLC._FINANCIAL_STATEMENTS_FEBRUARY_2018.pdf

What's your take? What's CP's fairprice? Though it's hard to decode fair price of these "over privileged" stocks.

pluto09:



N4.13 for a stock selling for N131....
3.15% dividend yield.. . waka pass

I thought am the only one reasoning it that way. I think zenith bank is better off when it comes to dividend.

mendes911:


Passwell Ke. I don't do double Moniker!

are you mendes419

currentprice:


result

http://www.nse.com.ng/Financial_NewsDocs/20879_NIGERIAN_BREWERIES_PLC._FINANCIAL_STATEMENTS_FEBRUARY_2018.pdf

Going by their today closing price, #131.40 (÷) divided by their basic EPS 0F 4.13 = 31.82 PE,
Their PE Stands at 31.82, this shows that the company is overvalued at their current price.

soloniger:
are you mendes419

Chai your eyes sharp