2zona:
http://www.nse.com.ng/Financial_NewsDocs/27462_U_B_A_PLC_FINANCIAL_STATEMENTS_AUGUST_2019.pdf

And I almost got tempted to sell UBA today, anyways, this bear market may still punish the stock for declaring same interim dividend with last year. Mr Market over to you. Lols

2zona:

The Board of Directors, pursuant to the powers vested in it by the provisions of Section 379 of the Companies and Allied Matters
Act, 1990 (CAMA) of Nigeria, declared a dividend of N0.20k per share from the retained earnings account as at June 30, 2019.
This will be presented to shareholders for approval at the next Annual General Meeting. Payment of Dividend is subject to
applicable witholding tax

How much did they pay last year?

I did not like the fidelity result... Hence the money I kept to add to my fidelity shares out of anger I bought UBA.

I would accumulate UBA from here....I like what I see!

Mcy56:


Oga Vee, imagine what?

No! Send in that tongue pls, ...

pluto09:
How much did they pay last year?

Same 20k.
I don't think market will punish it, if a stock of 6naira is paying 20k while that of 26 paid 30k, I think we should give credit to UBA. It will move up.

...

rebekah2011:
All things being equal, the final dividend of UBA will be 65kobo, Zenith N2.50 and GTB at N2.50. I prefer to accumulate more of UBA and Zenith. If I see GTBank at N20 and Zenith at N12. I will still buy Zenith.

I dey like when Rebe.. they talk because l dey follow you
bumper to bumper...

currentprice:


one more day fall to d share then vuuuuuuuuuuuuum

The share no get name?

I hope CBN will not scatter things sha. The LDR of Tier 1 banks are too low but CBN has to find another way of assisting them to meet the 60% threshold. That of Fidelity is a sequel to none.

akinssan:


I dey like when Rebe.. they talk because l dey follow you
bumper to bumper...

Mcy56:

Same 20k.
I don't think market will punish it, if a stock of 6naira is paying 20k while that of 26 paid 30k, I think we should give credit to UBA. It will move up.

The way the stock has been so resistant to go above 6 is just so annoying. Lets see if it will break out and establish 6 naira support on Monday.

Mcy56:

Sorry sir.
....but you didn't see that man/woman talking filthy trash here o.

God dey see all of una

2zona:

The way the stock has been so resistant to go above 6 is just so annoying. Lets see if it will break out and establish 6 naira support on Monday.

Make them hold on...I just started buying.

I need to accumulate a good quantity below N6. No need for UBA to rush and rise in my opinion.

In a bull market UBA can easily hit N10. I need to buy more below N6

Mcy56:

There is definitely more to this than we know cos they are willing to pay the 66naira.
I think it's better to sell......guess Morgan Capital is one of the houses considered for the purchase i.e. to purchase their clients shares.

Bought some to today before I came across this info, I even called Ogochukwu and she authenticated the information. I feel like picking more on monday

rebekah2011:
All things being equal, the final dividend of UBA will be 65kobo, Zenith N2.50 and GTB at N2.50. I prefer to accumulate more of UBA and Zenith. If I see GTBank at N20 and Zenith at N12. I will still buy Zenith.

I think even at current price, zenith still has the best final dividend return to all of UBA, GTB, ACCESS and any other bank.

pluto09:



Don't get emotional about this FO issue.
For now, they are only buying 500,000 units which is very small.

No doubt about it ,FO is undervalued at current price but you can't predict those people.


NOTE: I am also in the bus with my tashere units as a gamble

Pluto oooo, abeg I get one kain qestion...

At a point today, FO had about 700k units as total offer quantity and average price for all these units couldn't be more than N18.05. What stops Ignite from coming for these units rather than paying N66 for 500k units.

I hope say na confirmation biase or Sir Jack Daniels dey disturb me shaaa.

These are stocks that my Oga RabbiDoracle dey like to buy.

stcool:


Make them hold on...I just started buying.

I need to accumulate a good quantity below N6. No need for UBA to rush and rise in my opinion.

In a bull market UBA can easily hit N10. I need to buy more below N6

http://www.nse.com.ng/Financial_NewsDocs/27464_FORTE_OIL_PLC._CORPORATE_ACTIONS_AUGUST_2019.pdf

You have to read news like this to understand the drama on our NSE

mendes911:


Pluto oooo, abeg I get one kain qestion...

At a point today, FO had about 700k units as total offer quantity and average price for all these units couldn't be more than N18.05. What stops Ignite from coming for these units rather than paying N66 for 500k units.

I hope say na confirmation biase or Sir Jack Daniels dey disturb me shaaa.

rebekah2011:
http://www.nse.com.ng/Financial_NewsDocs/27464_FORTE_OIL_PLC._CORPORATE_ACTIONS_AUGUST_2019.pdf

You have to read news like this to understand the drama on our NSE

NSE dey act pass NollyWood self. LOL.

That corporate action was meant to clarify issues but e come worsen the matter. Confusion don double ni. LOL.

Mcy56:

Lol. Na tashere units I get o but na to say God just compensated me for my losses in transcorp, skye and few others ni. Chai! They almost send me go village.
CP you don hammer if it's true, lol.

By now you ought to have learnt CP stock in trade.

So you think FO is a good deal whereas stockbrokers don't have money to mop up the little availability offers on the floor but have the time to send memos.

Don't worry very soon CP will abandon you like he did in Transcorp and his other monkey huntings stocks

They bought from Ote$ at N66 and after then price continued to nosedive. They will do anything to save the price.

I just avoid such stocks... With NSE I am not in a hurry!

My pain is if on Monday they rush out of FO, they will now come and bid UBA higher for me.

I just wanted to continue accumulating UBA below N6 until yr end.

mendes911:


Pluto oooo, abeg I get one kain qestion...

At a point today, FO had about 700k units as total offer quantity and average price for all these units couldn't be more than N18.05. What stops Ignite from coming for these units rather than paying N66 for 500k units.

I hope say na confirmation biase or Sir Jack Daniels dey disturb me shaaa.

I don't disturb myself with all those little little things.
I have my reasons for taking position.
If it goes positive, all well and good and if it turns out the other way I know what to do......

stcool:
They bought from Ote$ at N66 and after then price continued to nosedive. They will do anything to save the price.

I just avoid such stocks... With NSE I am not in a hurry!

My thought exactly
Could it be a failed attempt at monkey-hunting Lol?

rebekah2011:
I hope CBN will not scatter things sha. The LDR of Tier 1 banks are too low but CBN has to find another way of assisting them to meet the 60% threshold. That of Fidelity is a sequel to none.

That is my major concern.
UBA has a good result but how will the CBN policy on LDR affect them going forward as they seem to have one of the lowest LDR in the industry.

Another thought just popped up within me. Zenith, Gtbank and UBA have African subsidiaries that contribute to the bottom line. I need to go and check the Nigerian figures to get a good perspective of the LDR for the 3 banks. Is Access Bank results not coming again ni?

pluto09:



That is my major concern.
UBA has a good result but how will the CBN policy on LDR affect them going forward as they seem to have one of the lowest LDR in the industry.

Forte oil AGM holds on 03/09/2019......few days from now.......problem is I'm so far away from Lagos.........any body who goes should please furnish us with gossip gathered @ the meeting

2zona:
The way the stock has been so resistant to go above 6 is just so annoying. Lets see if it will break out and establish 6 naira support on Monday.

Guess the resistance is as a result of uncertainty, what if they'd come up with funny surprise, but thank God they didn't disappoint eventually.

....

Mpeace:
I think even at current price, zenith still has the best final dividend return to all of UBA, GTB, ACCESS and any other bank.

Agreed! I will rather do zenith 80% then others 20%

stcool:
They bought from Ote$ at N66 and after then price continued to nosedive. They will do anything to save the price.

I just avoid such stocks... With NSE I am not in a hurry!

My pain is if on Monday they rush out of FO, they will now come and bid UBA higher for me.

I just wanted to continue accumulating UBA below N6 until yr end.

They CLAIMED to purchased 75% stake at a whopping N66 per share from Ote$ where as in another newspaper publication they were pleading with their shellholders not to sell at subN20.

Last wk they saw their yeye stock was trading at N14 jejely heading to it N6 fairvalue the same set of crooks had emergency meeting and QUICKLY came up with another story of purchasing at N62 and some gullibles are jumping up

Most Nigerian CEO's are nothing but CROOKS,
I only WEEP for uninformed investors

stcool:
They bought from Ote$ at N66 and after then price continued to nosedive. They will do anything to save the price.

I just avoid such stocks... With NSE I am not in a hurry!

My pain is if on Monday they rush out of FO, they will now come and bid UBA higher for me.

I just wanted to continue accumulating UBA below N6 until yr end.

UBA Grows Post-Tax Profit by 21%, EPS by 31.7% in H1'19
https://businesspost.ng/2019/08/30/h119-uba-pre-tax-profit-rises-21-eps-by-31-7/

73% of Nigerians Would Put Spare Cash into Savings—Report
https://businesspost.ng/2019/08/30/73-of-nigerians-would-put-spare-cash-into-savings-report/

Nigeria May Lose 44m Barrels of Crude Oil in 2019
https://businesspost.ng/2019/08/30/nigeria-may-lose-44m-barrels-of-crude-oil-in-2019/

PZ Cussons to Share N596m to Investors October 30
https://businesspost.ng/2019/08/30/pz-cussons-to-share-n596m-to-investors-october-30/