rationalmind:


Looks like Pluto used the Q3 isn't out yet to throw people off track, if he doesn't want people to know the stock, why give an obvious hint like Q3 hasn't been released

RabbiDoracle:

Una fit sell person o.
15-20% abi.
I go scatter that una runz

Agbalowomeri:

Make dem dey permutate; me I no dey buy illiquid stocks

rationalmind:


You are not a fan of their volume behaviour

Fxuser 2017

fxuser:
Afriprud
- weekly looks very very good
- but daily brings light concern with -ve rsi & macd divergence

fxuser:
Afriprud
- weekly looks very very good
- but daily brings light concern with -ve rsi & macd divergence

Agbalowomeri:


Make dem dey permutate; me I no dey buy illiquid stocks

fxuser:
Afriprud - weekly looks very very good - but daily brings light concern with -ve rsi & macd divergence

emmanuelewumi:
J


What about the with holding tax of between 600k to 800k he must have paid on the dividends earned.

RabbiDoracle:


But the form has a part to declare your investment (stocks, bonds, etc)....this is section 3

Section D says that you should state assets you have disposed..at the end you indicate if it is a gain/loss stating the value.

https://vaids.gov.ng

Download the form and see.

pluto09:



Two of my best performing stocks from 2017 to date are what some called illiquid stocks. Fidson and CCNN.

Bought fidson at N0.98k and CCNN at N4.92.

What ever works for you stick with it

wanaj0:


Issue is the tax paid on the income he used to acquire the Assets (stocks, property etc)? It is expected that your tax liability should be commensurate with your asset.

emmanuelewumi:



The company would have raised N80 billion in the current right offer, rather than raising the fund in 2 tranches.
I guess the majority shareholder is trying to prevent a takeover of their company.

I learnt the 3 majority shareholders of UACN who now have a combined 22% of the company came in through the right offer.

emmanuelewumi:



Not always the case, this will create jobs for Tax accountants and Tax lawyers.
It is legally possible that a worker currently earned N2 million per annum, but his investment portfolio is over N25 million.
The Tax accountant or lawyer employed by the worker will legally prove it to the Tax officials.

maishai:

Sir, how do you source this juicy info, i believe you have the shaepest cutlass in this forum

emmanuelewumi:



Total debt as at year end 31st March 2017 was N186 billion, you can get it in the annual report. In the right offer document the debt dropped to N144 billion on 30th September 2017.
I am sure in the 3rd quarter which ended on 31st December 2017, the company must have made further reduction in their total debt.

Financial year of Flour Mills should end in 6 weeks, proceeds from the right will be handed over to the company next week Monday 26th February 2018.

sky2891:

Please, any info on When the WAPCO rights shares will drop?

OBAGADAFFI:
https://brandspurng.com/okomu-nigeria-sees-subdued-2018-for-palm-oil-on-market-woes/

Okomu Oil Palm Plc, Nigeria’s second-largest producer of palm oil, expects its sales will probably slow for the rest of the year due to a supply glut and weak consumer demand.

Are we expecting something negative from Okomu this year.

godlyguy:
http://punchng.com/cbn-bars-banks-with-huge-bad-loans-from-paying-dividends/

THE BIG SMART TRITRISH GUY

WorldAmbassador:


@Obagadaffi. I read the news and I don't think it is due to a glut of palm oil in the market. Rather, most people probably go for locally made palm oil(which is a lot cheaper) and this hurts Okomu's bottom line. I have once bought Okomu's refined palm oil called Banga Oil for over 4,000 Naira-it's too expensive.

On the other hand, I read in the Punch that the CBN is barring banks with huge Non-Performing loans from paying dividends.
http://punchng.com/cbn-bars-banks-with-huge-bad-loans-from-paying-dividends/

WorldAmbassador:


@Obagadaffi. I read the news and I don't think it is due to a glut of palm oil in the market. Rather, most people probably go for locally made palm oil(which is a lot cheaper) and this hurts Okomu's bottom line. I have once bought Okomu's refined palm oil called Banga Oil for over 4,000 Naira-it's too expensive.

On the other hand, I read in the Punch that the CBN is barring banks with huge Non-Performing loans from paying dividends.
http://punchng.com/cbn-bars-banks-with-huge-bad-loans-from-paying-dividends/

OBAGADAFFI:


Hmm, With all this negative news, we should expecting serious baers.

emmanuelewumi:



Not always the case, this will create jobs for Tax accountants and Tax lawyers.
It is legally possible that a worker currently earned N2 million per annum, but his investment portfolio is over N25 million.
The Tax accountant or lawyer employed by the worker will legally prove it to the Tax officials.