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Nairaland Forum / Nairaland / General / Investment / Nigerian Stock Exchange Market Pick Alerts (11453719 Views)
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Re: Nigerian Stock Exchange Market Pick Alerts by fxuser: 10:34am On Feb 20, 2018 |
Fidelity - N3.18 last calling lollx |
Re: Nigerian Stock Exchange Market Pick Alerts by mendes911: 10:38am On Feb 20, 2018 |
mendes911: Sellers are still relentless oooo |
Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 10:40am On Feb 20, 2018 |
mendes911: Bro.I am not saying you should not buy today o. I will advice you wait let all these stocks fall to a good entry level. The better for all of us. By the way,do you know that many banks are not going to pay dividends this year due to CBN policy? Is FBN in exception? Dont you think #8.00 should be a better bergain? |
Re: Nigerian Stock Exchange Market Pick Alerts by Coolcash1: 10:50am On Feb 20, 2018 |
locodemy: ![]() ![]() ![]() |
Re: Nigerian Stock Exchange Market Pick Alerts by TLAX: 10:53am On Feb 20, 2018 |
fxuser: Today na today... |
Re: Nigerian Stock Exchange Market Pick Alerts by IchimokuPilot: 10:53am On Feb 20, 2018 |
mendes911: V-turns are more rare than U-turns, even in daily life. Wait for clarity, market will remain here even for your great grand children. Why plan to recoup later when people will be making gains, by buying higher now? This stock MUST trade below N10. I so decree! #wait... ![]() |
Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 10:53am On Feb 20, 2018 |
mendes911: No be small thing. This kind of sell pressure is usually common with Diamond and Fcmb, not sure I've ever seen it in fbnh during my little stay on NSE |
Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 10:54am On Feb 20, 2018 |
FROM NAIRAMETRICS. Why CBN is stopping these banks from paying dividends this year A padlocked gate. Retail shareholders expecting bumper dividends from some banks in the country, may be disappointed as the Central Bank of Nigeria (CBN) has issued a circular updating its rules regarding dividend payments by banks and discount houses. Most banks in the country are gearing up for the release of their audited financial statements for the 2017 financial year. Highlights of the circular Any bank that does not meet the minimum capital adequacy ratio shall not be allowed to pay dividends. Banks or discount houses that have a high composite risk rating of high or Non-Performing Loan (NPL) ratio of above 10% shall not be allowed to pay dividends. Deposit Money Banks and Discount Houses that meet the minimum capital adequacy ratio but have a CRR of “Above Average” or an NPL ratio of more than 5% but less than 10% shall have dividend payout ratio of not more than 30%. Deposit Money Banks and Discount Houses that have capital adequacy ratios of at least 3% above the minimum requirement, CRR of “Low” and NPL ratio of more than 5% but less than 10%, shall have dividend payout ratio of not more than 75% of profit after tax. There shall be no regulatory restriction on dividend pay-out for Deposit Money Banks and Discount Houses that meet the minimum capital adequacy ratio, have a CRR of “low” or “moderate” and an NPL ratio of not more than 5%. However, it is expected that the Board of such institutions will recommend payouts based on effective risk assessment and economic realities. No bank or discount house shall be allowed to pay a dividend out of reserves. Banks shall submit their Board approved dividend payout policy to the CBN before the payment of dividend shall be permitted. A Non-Performing Loan (NPL) is one in which the borrower is neither paying the interest or the principal. Capital Adequacy Ratio (CAR) is the Capital Adequacy Ratio (CAR) i is the proportion of a bank’s own equity in relation to its risk exposure. The capital adequacy ratio (CAR) for banks in Nigeria currently stands at 10% and 15% for national/regional banks and banks with an international banking licence, respectively. Banks that are likely to be affected Tier two banks will be hard hit by the new policy as they historically have had higher Non Performing Loans (NPLs) and lower Capital Adequacy Ratios (CARs). This could in some cases lead to some of the banks not paying dividends or being placed on the 30-75% payout band. Banks that may be barred from paying dividends. Source: Stanbic IBTC According to a report from Stabnic IBTC, from a CAR perspective none of the Tier 1 Banks are affected using 9M 2017 unaudited numbers. From a NPL ratio perspective, FBN would be captured at bank level at 9M 2017, but banks which belong to a HoldCo structure such as FBNH can typically still pay dividend derived from their non-bank subsidiaries. Not paying Dividends From all indications, banks like Union Bank, Unity Bank and Skye Bank are not eligible to pay dividends in 2017. Paying Dividends but with likely restrictions FBNH – restricted to 30% of profits Ecobank – restricted to 30% of profits Stanbic IBTC – restricted to 75% of profits FCMB – restricted to 30% of profits Fidelity Bank – restricted to 30% of profits Sterling Bank – restricted to 30% of profits Wema Bank -restricted to 30% of profits Paying Dividends without restrictions Access Bank GT Bank UBA Zenith Bank 3 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by Parisfran(f): 10:54am On Feb 20, 2018 |
Deadlytruth: I no be guru o. Never opened livestock financial statement. |
Re: Nigerian Stock Exchange Market Pick Alerts by TLAX: 10:55am On Feb 20, 2018 |
mendes911: No be small thing o. They are hammering the elephant today. I wish these people knew the CBN Refresh is "Neutral to this Company". But again, it cant be retail investors that are doing all this selling. |
Re: Nigerian Stock Exchange Market Pick Alerts by currentprice: 10:56am On Feb 20, 2018 |
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Re: Nigerian Stock Exchange Market Pick Alerts by currentprice: 10:56am On Feb 20, 2018 |
locodemy: you wan Cadialic to come for your head. anyway 9free want it for N3.60 FBNN don do Janet for pple ![]() ![]() ![]() ![]() |
Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 11:01am On Feb 20, 2018 |
rationalmind: A welcome development.Do you think you will not make it big as this is happening? #1.50 is a good entry point. |
Re: Nigerian Stock Exchange Market Pick Alerts by currentprice: 11:05am On Feb 20, 2018 |
Deadlytruth: it just pure sentiment my brother, the thinking that livestock reach N6 few years ago ![]() 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by IchimokuPilot: 11:06am On Feb 20, 2018 |
currentprice: I move for early bell ringing. ... ![]() |
Re: Nigerian Stock Exchange Market Pick Alerts by kolaish(m): 11:06am On Feb 20, 2018 |
JAPAUL oooooo |
Re: Nigerian Stock Exchange Market Pick Alerts by mendes911: 11:07am On Feb 20, 2018 |
Japaul Oil busy packing customers. NSE... LOL. Their "news" worked for them, Skye's own is yet to work. |
Re: Nigerian Stock Exchange Market Pick Alerts by currentprice: 11:08am On Feb 20, 2018 |
Re: Nigerian Stock Exchange Market Pick Alerts by TLAX: 11:08am On Feb 20, 2018 |
mendes911: Japaul on full bid. 26m+ |
Re: Nigerian Stock Exchange Market Pick Alerts by nio68(m): 11:09am On Feb 20, 2018 |
TLAX: No be today , we would keep buying and sell back to them in a few moths |
Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 11:11am On Feb 20, 2018 |
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Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 11:11am On Feb 20, 2018 |
IchimokuPilot: No be here o. I saw one comment made by currentprice last week. It means those who sold at reduced profit last week is making gain now as the stocks are falling. Is there any trader/jijo in this forum who has not sold off up till now? Abeg no ring the bell o.prices must drop. CASH IS KING..........DANCING AZONTO |
Re: Nigerian Stock Exchange Market Pick Alerts by kolaish(m): 11:12am On Feb 20, 2018 |
TLAX:Yours truly missed this one. "I was able to get just 300k units. If you can't beat them, join them" |
Re: Nigerian Stock Exchange Market Pick Alerts by Coolcash1: 11:15am On Feb 20, 2018 |
mendes911: More of buy the news and sell the rumour... ![]() Newbies please stay away from Japaul and Skye for now until the coast is clear.... Master jijoists food don ready...Let's sharpen our cutlasses... ![]()
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Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 11:16am On Feb 20, 2018 |
Chibuking81: What of the drop in both revenue and PAT as the audited result will soon be released? Fcmb will be facing double issues very soon and I see the price dropping the more. Q1 will bring the bank to its foot.I will take position before Q1 result....... 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by Coolcash1: 11:18am On Feb 20, 2018 |
kolaish: Like I said, follow the money.... ![]() Yours truly on queue to grab my copy too.... ![]() |
Re: Nigerian Stock Exchange Market Pick Alerts by IchimokuPilot: 11:18am On Feb 20, 2018 |
FMN? what a gwan? |
Re: Nigerian Stock Exchange Market Pick Alerts by TLAX: 11:20am On Feb 20, 2018 |
locodemy: If that happens...then this will be the third year in a row i will benefit from this stock.....without any change in strategy or even thinking about it too much. Talk about cycles... 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by currentprice: 11:20am On Feb 20, 2018 |
locodemy: ...and you have said it all yesterday, that has been CP preaching all while but pple looking for all round year bull movement selling few week ago can buy you more unit of same share right now with same capital ![]() ![]() |
Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 11:21am On Feb 20, 2018 |
Coolcash1: Na this kind food we go dey chop now until the coast is cleared. some kobo kobo stocks like prestige,royalex etc will be throwing 10-15% for jijoists. 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by Investnow2017: 11:22am On Feb 20, 2018 |
Dear Esteemed Client, The press release today titled “CBN bars banks with huge bad loans from paying dividends” is envisaged to lead to anxiety within the banking space in the Nigerian bourse. The press release refers to a circular by the CBN on the 31st January 2018 titled “RE: INTERNAL CAPITAL GENERATION AND DIVIDEND PAYOUT RATIO”, which is an addition/amendment to the first circular issued on the 8th of October 2014. The only addition/amendment states that “DMBs and DHs that have capital adequacy ratios of at least 3% above the minimum requirement, CRR of “Low” and NPL ratio of more than 5% but less than 10%, shall have dividend pay-out ratio of not more than 75% of profit after tax.” Prior to this, the “DMBs and DHs that meet the minimum capital adequacy ratio but have a CRR of “Above Average” or an NPL ratio of more than 5% but less than 10% shall have dividend pay-out ratio of not more than 30%.” While investors may be inclined to make uncalculated investment decisions, it is pertinent to note that the any negative effect of this circular has been considered in our analysis. However, the circular may put some banks in a better position to pay dividend. Indicators ACCESS FBNH GUARANTY ZENITHBANK UBA ETI DIAMOND STERLN FIDELITY UBN FCMB STANBIC WEMABANK (6M) NPL 2.50% 20.10% 3.90% 4.20% 4.20% 9.60% 9.50% 6.12% 5.90% 9.14% 4.70% 7.20% 4.91% CAR 20.50% 17.20% 22.90% 22.20% 19.00% 25.60% 15.80% 11.40% 17.30% N/A 17.40% 21.80% 12.74% Minimum Requirement (CAR) 15% 15% 15% 15% 15% 15% 10% 10% 10% 10% 10% 10% 10% *Data is as at 9M2017 save for WEMABANK For FBNH and STANBIC, we note that they operate a holding structure and this restricts the regulation to only the bank subsidiary. Hence, the companies still have the capacity to pay as much as they can from their other subsidiaries, in a bid to maintain their dividend paying culture. For Ecobank Transnational Incorporation (ETI), Diamond and Fidelity bank, this may be good news for them as they all have a CAR which is 3% above their regulatory minimum. Hence, if these banks have a CRR of “Low” their pay-out ratio can now be up to 75% instead of being restricted to 30%. However, for Sterling bank, the status quo remains with the bank restricted to a dividend pay-out ratio of 30%. Kindly find attached the circulars issued. Regards, |
Re: Nigerian Stock Exchange Market Pick Alerts by IchimokuPilot: 11:27am On Feb 20, 2018 |
locodemy: After? |
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