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Re: Nigerian Stock Exchange Market Pick Alerts by emmanuelewumi(m): 3:14pm On Mar 26, 2018 |
yom2: N6.00 |
Re: Nigerian Stock Exchange Market Pick Alerts by Godisfaithful: 3:14pm On Mar 26, 2018 |
veecovee: Don’t forget you’re called because of those you mention as sinners? Or have you forget that man (Thief) on the cross whom Jesus have mercy on. I know if it’s you, you will throw stone at that man before you cast your judgement on him. Anyway, God is not a man and he his a merciful and a commander of grace 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by Godisfaithful: 3:15pm On Mar 26, 2018 |
RabbiDoracle: My Oracle, plz help me ask am... . This Pastor dey eat too much yam |
Re: Nigerian Stock Exchange Market Pick Alerts by veecovee: 3:17pm On Mar 26, 2018 |
Godisfaithful:oh! sorry |
Re: Nigerian Stock Exchange Market Pick Alerts by veecovee: 3:23pm On Mar 26, 2018 |
Godisfaithful:na only Jesus get that kind power to take a thief to heaven. So, that means, if you stop stealing, he will take you too. But the issue is that no one knows when he'll die. So stop stealing before death. The thief was fortunate to repent at the point of death |
Re: Nigerian Stock Exchange Market Pick Alerts by veecovee: 3:26pm On Mar 26, 2018 |
Godisfaithful:if u r not married, then just marry one of the nairaland ladies (babes in your language ) and leave others alone |
Re: Nigerian Stock Exchange Market Pick Alerts by wanaj0: 3:39pm On Mar 26, 2018 |
yom2: Share is is adjusted for dividend and bonus so makes ZERO difference on your networth. Not sure why people dont factor that in. |
Re: Nigerian Stock Exchange Market Pick Alerts by PharmAlfred: 3:45pm On Mar 26, 2018 |
No result today? What are they hiding? |
Re: Nigerian Stock Exchange Market Pick Alerts by Coolcash1: 4:25pm On Mar 26, 2018 |
yom2: The new price will be N25.,,,This is the calculation; Lets assume pre-bonus shares is 1,000 Lets assume pre-bonus share price is N30 Bonus issue is 1 for 5 Therefore, we calculate number of bonus shares to be issued; 1/5*1000= 200 units Total number of shares will be= 1000+200=1,200 Lets now calculate post bonus share price (Psb); Pre-bonus number of ordinary shares * pre-bonus share price = Post bonus number of issued shares * Post bonus share price 1000*N30= 1200*Psb N30000=1200Psb Divide both sides by 1200 Therefore Post bonus share price will be N30000/1200= N25/share. So, the share price will be adjusted downwards by N5. 5 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by yom2(m): 4:40pm On Mar 26, 2018 |
Coolcash1:k thanks |
Re: Nigerian Stock Exchange Market Pick Alerts by yom2(m): 4:45pm On Mar 26, 2018 |
wanaj0:agreed but assuming there's a rally before markdown it could make a lot of dfference |
Re: Nigerian Stock Exchange Market Pick Alerts by OBAGADAFFI: 4:49pm On Mar 26, 2018 |
yom2: @ the current price the amount is N5.8 |
Re: Nigerian Stock Exchange Market Pick Alerts by yom2(m): 4:50pm On Mar 26, 2018 |
emmanuelewumi:OK thanks, that's good enough.only say d stock na mysterious specie ,very hard to trade |
Re: Nigerian Stock Exchange Market Pick Alerts by yom2(m): 4:51pm On Mar 26, 2018 |
Mpeace:k thanks |
Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 4:54pm On Mar 26, 2018 |
These people queuing up to buy GSK, how do they intend to sell after qualifying for dividend? Who will buy? Maybe they intend holding for 15 years @Coolcash1, if a coy declares 50k dividend for every share of 50k and I have 100 units bought at N1 per share, assuming the current price is N1 , does that mean the DY is 100%? 3 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by rebekah2011(m): 5:37pm On Mar 26, 2018 |
http://www.nse.com.ng/Financial_NewsDocs/21368_CEMENT_CO._OF_NORTH.NIG._PLC_FINANCIAL_STATEMENTS_MARCH_2018.pdf N1.25 CP N18.75 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by Coolcash1: 5:58pm On Mar 26, 2018 |
rationalmind: If dividend declared is 50k and current price is N1 or 100k. Thus, dividend yield (DY) will be 50k/100k = 50%. So, DY is 50% and not 100%. |
Re: Nigerian Stock Exchange Market Pick Alerts by bobbyL(m): 6:03pm On Mar 26, 2018 |
rationalmind: I hope it's not a case of "influential" shareholder(s) pushing for payment of special dividend or a case where management does not have sufficiently profitable ideas for the funds. If it's the latter, then it's fine, but could it indicate a weak outlook? Or maybe other capital sources will be adequate. |
Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 6:12pm On Mar 26, 2018 |
Coolcash1: I do understand this perfectly, what I find confusing is the "for every share of 50k". |
Re: Nigerian Stock Exchange Market Pick Alerts by TLAX: 6:37pm On Mar 26, 2018 |
rationalmind: That's the nominal value of the shares. Every share on NSE has a nominal value of 50k. Many private and unquoted companies have shares with nominal value of N1 per share etc but before listing they have to be broken up i.e. each share is split to create 2 shares with nominal value of 50k each. If the pre listing nominal value is N2/share, it has to be split into 4 before listing. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by millo: 6:43pm On Mar 26, 2018 |
TLAX:Thanks bro. |
Re: Nigerian Stock Exchange Market Pick Alerts by Coolcash1: 6:46pm On Mar 26, 2018 |
rationalmind: The 50k is the nominal value of a unit of share and used to determine the book value of shares. It is not considered in calculating dividend yield but shares split, scrip issue and reverse split units. Hope this helps. |
Re: Nigerian Stock Exchange Market Pick Alerts by TLAX: 6:56pm On Mar 26, 2018 |
Coolcash1: Another way to look at it is that 1 for 5 is a 20% stock dividend i.e. 1/5 = 0.2 = 20%. On the qualification date, Whatever the share price is will be marked down by 20%. If share price has risen to N40/share it will be marked down by N8. If price is N30/share it will be marked down by N6 etc. Your investment thesis therefore is to forecast a likely share price by June 28, and then set a maximum entry price at or below 20% of that for the bonus to have any economic benefit to you. Don't forget other variables that can affect this simple model such as this is a very illiquid stock and you may not be able to sell after mark down, the bonus may take a while to get to you by which time the price may move further for, or against you etc. 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 6:58pm On Mar 26, 2018 |
Coolcash1: TLAX: Perfectly understood, thanks |
Re: Nigerian Stock Exchange Market Pick Alerts by Mpeace(m): 6:59pm On Mar 26, 2018 |
Results should start flowing na. This is the last week of the quarter and the limit for release of full year results. I wonder what companies are waiting for. |
Re: Nigerian Stock Exchange Market Pick Alerts by dipoolowoo: 7:07pm On Mar 26, 2018 |
Milost Terminates $1b Deal with Unity Bank, Plans $500m Lawsuit https://www.businesspost.ng/2018/03/26/milost-terminates-1b-deal-with-unity-bank-plans-500m-lawsuit/ |
Re: Nigerian Stock Exchange Market Pick Alerts by Agbalowomeri: 7:08pm On Mar 26, 2018 |
Mpeace:But companies have been releasing results na |
Re: Nigerian Stock Exchange Market Pick Alerts by Agbalowomeri: 7:09pm On Mar 26, 2018 |
dipoolowoo:Milost again? |
Re: Nigerian Stock Exchange Market Pick Alerts by bolabiyi: 7:20pm On Mar 26, 2018 |
dipoolowoo:I'm not understanding......unity bank denies, milost terminates...milost plans lawsuit against business day and 2 oda journalist... koyemi rara..must der n drama in everything Nigeria does? |
Re: Nigerian Stock Exchange Market Pick Alerts by wanaj0: 7:23pm On Mar 26, 2018 |
dipoolowoo: Now they are making sense! $21m for Japaul is more realistic than the bogus figures they were quoting before $10 (m) for Resort Savings also look realistic. Suing Business day and journalist for $500m shows that Milost people are drunk on expired Akpeteshie 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 7:23pm On Mar 26, 2018 |
Agbalowomeri: Stocks have changed hands....that is the koko. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 7:30pm On Mar 26, 2018 |
wanaj0: Sueing in Nigeria? Ochi atogbuelam Businessday wuko say they don't work for the firm. They are the media impersonators. This men dem no sabi where dem come ooo. Come and look for them at borokiri waterside. |
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