dividend declared by coys is subject to approval of shareholders at AGM. the shareholders have spoken loudly, they want the cash reinvested and in fact they want the coy to do rights at maybe 5 or 10 per share. there are many coys listed on the NSE that does not deserve a Kobo from any investor. if you fall into their traps na you know wetin you dey find there. I wonder how this coy will survive the new recapitalization demand by NAICOM

Mcy56:
It just occurred to me that all of you kept mute when we mentioned that Regains cancelled dividend pay out but when fidelity cut dividend from 22k to 11k, we know how many pages you wasted doing forth and back with Chibuking being the chairman then.
Issorite. Another one will happen, let's see anyone drag it beyond one page and see if police will not arrest him/her.
Its only Mpeace that said one good point and spoil it with the second point.
On a serious note, these corporate thieves are taken investors for granted too much, it's just too bad. Well, we're getting wiser by the day.

you want to buy UPL at 1.60. you will wait forever ooòooo. Q3 EPS was 60kobo and Q4 likely to be 50kobo and dividend expected to come in at 20kobo. there is possibility of bonus issue also. result to come in next week. same for Red Star Flour Mills and Honey well.

Valueinvestor:

This your choice of selection is dope for the long term, my only reservation is just eterna (please what informed your choice of selecting it, I wouldn't mind looking into it in future). And dat portfolio looks like 60% banking (Nigeria my fatherland - crazy policies might shake this portfolio small o), however amount allocated to each stock would take care of that. Just for proper representation in each sector (this is personal - my own meaning of a well diversified portfolio , may not be applicable to all), I hope you wouldn't mind if I added the following to the list

Ucap (2.25 and below)
Upl (1.6)
Berger paints (6)
Dang sugar (if it ever comes below 11 again)
Uacn(6)
Nahco (2.8 and below)
Redstar express (5)
Cap plc (25)
This list is obviously not exclusive and is subject to change /review by the gurus in the house, however, one can keep enjoying the dividend (most would give close to 10% dividend yield when picked at the right price) until their potential is discovered by the investing public when one can now sell when it becomes overpriced.

rebekah2011:
dividend declared by coys is subject to approval of shareholders at AGM. the shareholders have spoken loudly, they want the cash reinvested and in fact they want the coy to do rights at maybe 5 or 10 per share. there are many coys listed on the NSE that does not deserve a Kobo from any investor. if you fall into their traps na you know wetin you dey find there. I wonder how this coy will survive the new recapitalization demand by NAICOM

Thanks for this, guess its the first time I'm hearing that such decision can be changed, even after communicating and publishing it on NSE website.

rebekah2011:
I wonder how this coy will survive the new recapitalization demand by NAICOM

Pls what's the new recapitalization expected of them? I mean the capital base now?

Mcy56:

Pls what's the new recapitalization expected of them? I mean the capital base now?

https://www.google.com/url?sa=i&source=web&cd=&ved=2ahUKEwihwPyxhP3iAhVD7eAKHYyBDDAQzPwBegQIARAC&url=https%3A%2F%2Fpunchng.com%2Fnaicom-raises-insurance-firms-capital-base-to-n15bn%2F&psig=AOvVaw11flGVjrp7dxUBzNyjWY_j&ust=1561291010778637

akinssan:
Your love for insurance kaya eh...

Lol. I'm limiting it to just Nem for now self.
....but will keep eyes on the sector in case they'll want to perform magic in the process of doing right issue to meet up with the new capital base.

if you are very smart to neat the masters at their game it is an opportunity to make money ooo. but you have to watch your back very well

Mcy56:

Lol. I'm limiting it to just Nem for now self.
....but will keep eyes on the sector in case they'll want to perform magic in the process of doing right issue to meet up with the new capital base.

Mcy56:

Lol. I'm limiting it to just Nem for now self.
....but will keep eyes on the sector in case they'll want to perform magic in the process of doing right issue to meet up with the new capital base.

No limit yourself ooooo, if you get insider information just make your dole and move on.
they must act up some day.

arduino:


2yrs @19.50? Na Ghana sure pass be that.
Can one buy via GTB Nigeria?

I’m not sure you can..

rebekah2011:
if you are very smart to neat the masters at their game it is an opportunity to make money ooo. but you have to watch your back very well

akinssan:
No limit yourself ooooo, if you get insider information just make your dole and move on.
they must act up some day.

Yeah! Thanks.
Reason I said I'll still keep eye on the sector too.

Yayira:
As bull no gree come..
As registrars dey give tough time on top our own money..
As Bubu still dey chase looters
Make I begin arrange my Ghana must go..
If after results still nothing happen ?
Na Ghana T-bill get me till next level finish..in 4years time

Madam Yayi, strange that Ghana has yield of almost 20% p.a on Tbills, was there any devaluation/ high inflation in the country. With 19.5% interest rate, you can easily double your money every 3.5 years.
Kindly let me know what i am missing regarding the bolded please.

arduino:


2yrs @19.50? Na Ghana sure pass be that.
Can one buy via GTB Nigeria?

Are you sure Ghana Tbillls is open to foreigners. I think they sell only to ghanaians.

Jejebabaa:


Madam Yayi, strange that Ghana has yield of almost 20% p.a on Tbills, was there any devaluation/ high inflation in the country. With 19.5% interest rate, you can easily double your money every 3.5 years.
Kindly let me know what i am missing regarding the bolded please.

My brother d thin surprise me ooh..20% ..Haaa waiting i dey find for nse with heartbreak every mth .

tritritri:


My brother d thin surprise me ooh..20% ..Haaa waiting i dey find for nse with heartbreak every mth .

Oga 333, if there is no risk of devaluation, na dere i go port go. 19.5% is very juicy to be ignored.

Chibuking81:

1. Fidelity at current price
2. FCMB at current price
3. UBA at #6.10 below or even at current price if you don't want to wait to buy at lower price
4. Access #6.20 same as in 3 above
5. Zenith at current price
6. Afriprudent
7. Cutix cable
8. Caverton at current price
9. Eterna
10. GTB.

Thanks boss.

Valueinvestor:

This your choice of selection is dope for the long term, my only reservation is just eterna (please what informed your choice of selecting it, I wouldn't mind looking into it in future). And dat portfolio looks like 60% banking (Nigeria my fatherland - crazy policies might shake this portfolio small o), however amount allocated to each stock would take care of that. Just for proper representation in each sector (this is personal - my own meaning of a well diversified portfolio , may not be applicable to all), I hope you wouldn't mind if I added the following to the list

Ucap (2.25 and below)
Upl (1.6)
Berger paints (6)
Dang sugar (if it ever comes below 11 again)
Uacn(6)
Nahco (2.8 and below)
Redstar express (5)
Cap plc (25)
This list is obviously not exclusive and is subject to change /review by the gurus in the house, however, one can keep enjoying the dividend (most would give close to 10% dividend yield when picked at the right price) until their potential is discovered by the investing public when one can now sell when it becomes overpriced.

Thanks for the addittion bro

Jejebabaa:


Madam Yayi, strange that Ghana has yield of almost 20% p.a on Tbills, was there any devaluation/ high inflation in the country. With 19.5% interest rate, you can easily double your money every 3.5 years.
Kindly let me know what i am missing regarding the bolded please.

There’s no devaluation oo but our currency is suffering against all major currencies $€£..
when I read here about how our foreign brothers with hard currency are trooping into Ghana, I went asking questions..cos I’m currently not in the country..
My 58 years old mom was the first to play me scores.. and since then I’ve been seeing 19,50% everywhere.. lolz if I go for 5 years ( at least by then buhari would be through with his next level)
Turns out the government “over” promised the people so they needed to borrow money to fulfill their promises lolz or get voted out.. they want to impress the people..
This made yields high.. plus stock market, GSE CI is down by 6% YTD so people prefer to lend to the government instead..

The main reason to me, is the promises they made in their budget..

rebekah2011:
you want to buy UPL at 1.60. you will wait forever ooòooo. Q3 EPS was 60kobo and Q4 likely to be 50kobo and dividend expected to come in at 20kobo. there is possibility of bonus issue also. result to come in next week. same for Red Star Flour Mills and Honey well.

Never say never when it comes to stock market. Prudent investment is all about timing. I got some at 1.67, so wats the big deal about 1.60, Getting those stocks at those prices does not necessarily have to be today or tomorrow,but just know it surely can happen ( especially in a clime like ours just wait till they make someone like Okocha or Oga Bello minister for finance, or chairman national economic planning, then you will know that good stocks can come down to an unrealistic level)

Who ever believed wapco could come down to 9.25, or flourmills 13+, FO 17,, guinness, NB, Just to mention a few.

"It is easier to tell what will happen to a stock, but when it will happen no one knows - Phillip Fisher

Any body that finds a way to move in and out of Ghana tbills should share with us fast b4 our regulators block this move

Those stocks you quoted have been having a bad run with their figures for sometime now.it can go below 1.60 sef but not definitely now.

Valueinvestor:


Never say never when it comes to stock market. Prudent investment is all about timing. I got some at 1.67, so wats the big deal about 1.60, Getting those stocks at those prices does not necessarily have to be today or tomorrow,but just know it surely can happen ( especially in a clime like ours just wait till they make someone like Okocha or Oga Bello minister for finance, or chairman national economic planning, then you will know that good stocks can come down to an unrealistic level)

Who ever believed wapco could come down to 9.25, or flourmills 13+, FO 17,, guinness, NB, Just to mention a few.

"It is easier to tell what will happen to a stock, but when it will happen no one knows - Phillip Fisher

tritritri:


My brother d thin surprise me ooh..20% ..Haaa waiting i dey find for nse with heartbreak every mth .

My dear when I see the thing I just dey tell myself, Yayira the thing wey you dey find for sokoto, dey your shokoto naa

I believe that if you are able to open a bank account in any Country then you should be able to participate in any of their fixed income space.

maishai:
Any body that finds a way to move in and out of Ghana tbills should share with us fast b4 our regulators block this move

how can 20% per annum compare to almost 50% you can get in a stock on NSE if the timing was right.

Yayira:


My dear when I see the thing I just dey tell myself, Yayira the thing wey you dey find for sokoto, dey your shokoto naa

rebekah2011:
how can 20% per annum compare to almost 50% you can get in a stock on NSE if the timing was right.

lol.....Oga boss 50% on a single stock might just be 8% on ur total asset. We're talkin of 20% on total asset. and also d interest can be re-invested netting 22% plus..

Agbalowomeri:


My love let's move to Ghana

Yayira no wan ride a HORSE to Ghana?

rebekah2011:
how can 20% per annum compare to almost 50% you can get in a stock on NSE if the timing was right.

IF

I’ve been saying IF since March that I re-entered the market but guess what IF has done to me ?
If has turned me to a stalker
I’ve found myself asking Tony, Buhari and co questions on social media..
Sending emails to people I believe have connections to “Insiders”

My brother nse has been dull for far too long.. make person begin look for another way na

tritritri:



lol.....Oga boss 50% on a single stock might just be 8% on ur total asset. We're talkin of 20% on total asset. and also d interest can be re-invested netting 22% plus..

Wise man..

Jejebabaa:


Oga 333, if there is no risk of devaluation, na dere i go port go. 19.5% is very juicy to be ignored.

There are no free lunches in the financial markets. How can there not be risk of exchange rate volatility? Those yield are rewards for risks, so higher yields comes with higher risks. There is however value if you can speculate the future direction of exchange rates and then trade in line with your expectation.

See the first two snapshots below. The first is the performance of the cedi against the dollar while the second is the performance of the naira against the dollar. Both currencies lost ground against the dollar in the last 5 years but the naira lost more, the third snapshot proves this point - you need less cedi today to get a naira compared to 5 years ago. If you had invested in Ghana 5 years ago you would have earned those yield plus exchange rate gain, by now, you would have l owo bi Adnuga.

I do not expect going to Ghana now to be a good bet because I think the naira would strengthen in the next 36 months. Aliko has started producing fertilizer and refining of petroleum products will start soon, max next year. Even if he doesn’t export to earn FX, our demand for FX will be down by about 33%(not sure of this figure and can confirm atm) as that is what the cbn uses to fund fuel imports.

For me, any bet against naira assets with a horizon of 36+ months will not payoff.

Valueinvestor:

Hmmm, not likely o, when H 1 is around the corner, with possibility of interim dividend

Exactly my worry.
I just love the way they shower me with dividends twice every year.

tritritri:



lol.....Oga boss 50% on a single stock might just be 8% on ur total asset. We're talkin of 20% on total asset. and also d interest can be re-invested netting 22% plus..

Who stops him from putting ALL his cash in any of FCMB or UBA or Fidelity or Transcorp now?

DeRuggedProf:


Yayira no wan ride a HORSE to Ghana?

Yes oo.. I no want

DeRuggedProf:


Who stops him from putting ALL his cash in any of FCMB or UBA or Fidelity or Transcorp now?

First time Prof recommending Transcorp..
This alone go make me sleep well now