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Re: Nigerian Stock Exchange Market Pick Alerts by onegentleguy: 12:35pm On Jan 20, 2020 |
rebekah2011: Yes he is right about the statement that tax will no longer apply on dividends going forward. I believe thats what the part that reads; "Excess dividend tax to apply only to untaxed distributions other than profits specifically exempted from tax and franked investment income" in the new finance bill implies. The interpretation of this that CAGT are now exempted from dividends distribution. The argument(which I recall I've also stated here in times past) is that taxing of distributed dividends(from earnings) after taxing of profit accruals from same earnings(PAT in view) is tantamount to double taxation and should not be encouraged. In retrospect, my thinking is that the government may have sought this path as a way of boosting the capital market by encouraging retail investor participation. The rule however excludes companies in the oil & gas sector. Going forward, the new tax law stipulates the complete removal of tax exemption on dividend paid from the profit of coys in that sector. ...which makes coys in the oil & gas business segment one of the biggest losers of the new tax regime. Contrarily, companies in the INSURANCE SECTOR are by far the biggest winners, as the new law allows them to carry forward their tax losses indefinitely and deduct reserve for unexpired risk 'as time calls for it'. ...again, the special minimum tax requisite for insurance coys have also been abolished. Further analysis; From an investment perspective... While the coys in the oil & gas sector are the losers in the new rule, I still see less of an impact to an investor(reward margin in view) in FO and CONOIL and more in TOTAL, OANDO and MOBIL(in that order) ...this is in view of their current mkt prices. In the INSURANCE space, their are lots of good reasons to associate with coys like CUSTODIAN, AIICO, AXA MANSURD, NEM and LINKAGE in that order. ...time will not permit me to drive in-depth. Elsewhere, the banks are also amongst the winners. There is a reason why that sector seems to be the toast of investors despite the recent wave of policy interventions from the CBN. It is well. 6 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by bigjay01(m): 12:36pm On Jan 20, 2020 |
AIICO, AIICO, AIICO cum on na, i don de wait tey tey |
Re: Nigerian Stock Exchange Market Pick Alerts by onegentleguy: 12:44pm On Jan 20, 2020 |
bigjay01: PATIENCE !! |
Re: Nigerian Stock Exchange Market Pick Alerts by fxuser: 12:47pm On Jan 20, 2020 |
NGE ETF - price breaks back above 200-ema (note price behavior while under since 2018 Q1 , making lower highs and lower lows ) - pull backs above long term MA's offer entry positions - long term investors can hold while price stays above, ignore the noise and exit once price breaks below. Sleep well all thru
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Re: Nigerian Stock Exchange Market Pick Alerts by fxuser: 12:49pm On Jan 20, 2020 |
onegentleguy: cool |
Re: Nigerian Stock Exchange Market Pick Alerts by jideflash(m): 12:51pm On Jan 20, 2020 |
i cant shout... 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by bigjay01(m): 12:53pm On Jan 20, 2020 |
onegentleguy: I get am plenty |
Re: Nigerian Stock Exchange Market Pick Alerts by debeey87(m): 12:54pm On Jan 20, 2020 |
Thank you boss fxuser: |
Re: Nigerian Stock Exchange Market Pick Alerts by fxuser: 12:59pm On Jan 20, 2020 |
sellydion: UACN - every pull back is a fresh opportunity 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by fxuser: 1:00pm On Jan 20, 2020 |
Wapco - weekly close above 16.30 is important |
Re: Nigerian Stock Exchange Market Pick Alerts by gamaliel9: 1:02pm On Jan 20, 2020 |
onegentleguy: I thank God for the day you were born... |
Re: Nigerian Stock Exchange Market Pick Alerts by Agbalowomeri: 1:08pm On Jan 20, 2020 |
gamaliel9: You wan try how the guy cry that day |
Re: Nigerian Stock Exchange Market Pick Alerts by PETERiCHY(m): 1:09pm On Jan 20, 2020 |
locodemy: Hope you've not DISPOSE your WAPCO coz we are hitting N21 junction sooner than you EXPECT. |
Re: Nigerian Stock Exchange Market Pick Alerts by Bomboclad: 1:11pm On Jan 20, 2020 |
Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 1:11pm On Jan 20, 2020 |
People don dey buy monkey! Go down low! |
Re: Nigerian Stock Exchange Market Pick Alerts by PETERiCHY(m): 1:12pm On Jan 20, 2020 |
That moment you are done roasting UACN BULL while WAPCO BULL is on FIRE 1 Like
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Re: Nigerian Stock Exchange Market Pick Alerts by rebekah2011(m): 1:14pm On Jan 20, 2020 |
Oga OGG, there is a term referred to as "excess tax dividend". This occurs where a coy declared a dividend that is higher than the taxable profit. For instance, Zenith declared a dividend of N100b and the taxable profit of Zenith for the year is just N45b. This is so because the banks have many income variant that are excluded from tax. When this scenario occurs, Zenith will be required by law to pay an excess tax of (100-45)*30%. This is what has been abolished. onegentleguy: |
Re: Nigerian Stock Exchange Market Pick Alerts by PETERiCHY(m): 1:18pm On Jan 20, 2020 |
RabbiDoracle: Even if market will go down low that will commence in MAY.. BARGAIN HUNTERS TAKE NOTE! 3 Likes
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Re: Nigerian Stock Exchange Market Pick Alerts by Mcy56(f): 1:24pm On Jan 20, 2020 |
PETERiCHY:Wapco Promoter. Mpeace wouldnt say anything cos you're helping his ministry as well. Bids building up at N16............. |
Re: Nigerian Stock Exchange Market Pick Alerts by nna777: 1:27pm On Jan 20, 2020 |
rebekah2011: OK. I think OGG has helped me out. Update: I initially posted that you were right. I think going forward the interpretation of it will become clearer. I had to go re-read it again and I think it's for businesses below the 25M income bracket if they choose to pay dividends. Apologies for any misinterpretation. |
Re: Nigerian Stock Exchange Market Pick Alerts by godlyguy(m): 1:30pm On Jan 20, 2020 |
Mcy56:I'm the major force pushing WAPCO before anyone else here did... Check my past messages... I still represent TEAM WAPCO and UCAP... WAPCO heading to km20 soon THE BIG SMART GUY 4 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by onegentleguy: 1:32pm On Jan 20, 2020 |
rebekah2011: Ok dear. ...I will look at that part again. However, I just noticed(from the new tax law), the part that reads; "There'll be an introduction of tax reverse charge on imported services" My take; I want to believe that this rule may have been introduced to help ease off pressure on the currency(higher cost of import in view) and encourage local production in the longer term. Basically, a reverse tax charge implies that import-related tax liability will now be captured directly as cost of transaction(CoT) by the FIRs and billed on the importer/buyer. This would serve as both an advantage and a disadvantage to coys in the manufacturing industry space. For coys that rely heavily on import input to drive earnings it will be little more cost on the table. ...while those(companies) whose input tilts more from local sources than imports, it will be an advantage. In that line, I like coys that have been pursuing the drive for backward integration with its supply chain. DANGOTE SUGAR and FLOURMILLS readily comes to mind. Elsewhere, UACN' recent move to divest from certain subsidiaries with its business chain also puts it in a good footing. Salah |
Re: Nigerian Stock Exchange Market Pick Alerts by Cation(m): 1:34pm On Jan 20, 2020 |
Good afternoon house, 5000 square meter of land is for sale in Kuchiako, Kuje, Abuja. This is directly from the owner. All documents complete and verified by Abuja Geographical Information System (Agis). All the documents are with me. |
Re: Nigerian Stock Exchange Market Pick Alerts by Mcy56(f): 1:35pm On Jan 20, 2020 |
godlyguy:Not contesting that sir, The Big Smart moneybag. You're the major force pushing it, Peter is the Promoter. CP, OGG and Agba are the identifiers.........if there's any word like that. |
Re: Nigerian Stock Exchange Market Pick Alerts by PETERiCHY(m): 1:36pm On Jan 20, 2020 |
Rightnow those that left the party too early 2 Likes
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Re: Nigerian Stock Exchange Market Pick Alerts by godlyguy(m): 1:39pm On Jan 20, 2020 |
If you aren't in UCAP and WAPCO yet... It's still not late... Get into the WINNING TEAM... Something is cooking sweet and delicious in the DUO THE BIG SMART GUY 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by Agbalowomeri: 1:43pm On Jan 20, 2020 |
Mcy56: Peter left handle ni |
Re: Nigerian Stock Exchange Market Pick Alerts by Mcy56(f): 1:46pm On Jan 20, 2020 |
Agbalowomeri:Lol |
Re: Nigerian Stock Exchange Market Pick Alerts by sellydion: 1:47pm On Jan 20, 2020 |
My Big Guy, Which one come better pass godlyguy: 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by onegentleguy: 1:49pm On Jan 20, 2020 |
rebekah2011: I just did a further check to ascertain the right interpretation of things and I must say that on this particular instance, u are absolutely correct !! However, my analysis of impact on the aforementioned sectors as mentioned in that post still applies. Regards. 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by Bomboclad: 1:49pm On Jan 20, 2020 |
I personally would like to see the magic UCAP would do in the short term. People buy it generally for dividend but without some new result (4Q - which i predict would be flat), i dont see any significant upward movement short-term (2 - 3 weeks). godlyguy: 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by sellydion: 1:50pm On Jan 20, 2020 |
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