....

Mcy56:

You still have a lot to learn.
He was talking about dividend payment that it landed in his bank account. It was paid today.
I also got alert for the tashere registrar's units I have.

This una tashere unit
Hmmm
might worth my entire portfolio o

PharmAlfred:
UCAP is experiencing serious sell down even with the juicy dividend. Na wa for NSE.

Is there hope for someone that buy ucap tomorrow to be included in the dividend register?

dipoolowoo:
Nigeria Loses $30bn Yearly to Forex Racketeering—Reps
https://businesspost.ng/economy/nigeria-loses-30bn-yearly-to-forex-racketeering-reps/

Unlisted Securities Market Closes Flat as Trading Volume Drops 99%
https://businesspost.ng/economy/unlisted-securities-market-closes-flat-as-trading-volume-drops-99/

Union Bank Declares First Dividend in Over 10 Years
https://businesspost.ng/banking/union-bank-declares-first-dividend-in-over-10-years/

Senate Approves Buhari’s $22.7bn Loan Request
https://businesspost.ng/economy/senate-approves-buharis-22-7bn-loan-request/

The price of Union bank has been unusually high, I believe the market markers have this info in hand before the main market participants and priced this in.......................Union bank has been tracking the price of UBA all through 2019 and I keep wondering how It should be priced as UBA, Ive finally got my answer...............IS this dividend sustainable?

Ibrahim505:

Is there hope for someone that buy ucap tomorrow to be included in the dividend register?

Yes. You will qualify for dividend.

Mcy56:

You still have a lot to learn.
He was talking about dividend payment that it landed in his bank account. It was paid today.
I also got alert for the tashere registrar's units I have.

Was the dividend more than 42k/share? Appears so

maishai:
The price of Union bank has been unusually high, I believe the market markers have this info in hand before the main market participants and priced this in.......................Union bank has been tracking the price of UBA all through 2019 and I keep wondering how It should be priced as UBA, Ive finally got my answer...............IS this dividend sustainable?

Please how does 25k per share compare to #1 per share. They are in different leagues.

Ibrahim505:

Is there hope for someone that buy ucap tomorrow to be included in the dividend register?

No chance. I believe you need a T+3 for the shares to settle. If you buy tomorrow, your name would not be on the register as at the COB 2moro.

My humble advice based in the questions you've been asking is to go back to NSE 101. Get the fundamentals of stock investments right before committing a penny.

bigjay01:


Please how does 25k per share compare to #1 per share. They are in different leagues.

Atlas Mara, a foreign investor from KENYA IS the majority investor here

bigjay01:


No chance. I believe you need a T+3 for the shares to settle. If you buy tomorrow, your name would not be on the register as at the COB 2moro.

My humble advice based in the questions you've been asking is to go back to NSE 101. Get the fundamentals of stock investments right before committing a penny.

Oga you are the one that really need that NSE 101 that you are referring

Anybody that buys Ucap tomorrow will qualify for the dividend.

aremso:


new core investors are Indians and they dont like sharing their money with people

You know them too well

PETERiCHY:


Yes that was in 2015 when it sold for N15 and later drop to sub N13 in Jan 2016 before it took off.
I also love their portable OS of 10Billion units

If their OS is 10 billi then with 200 billi PAT, EPS will be N20. Their OS is over 30 Billi

Calebbold:


FOR PPL HOLDING WAPCO SHARES.... DON'T SELL OH... WATCH THIS INTERVIEW BY THE CEO OF THE COMPANY.

PAY CLOSE ATTENTION FROM 3 MINS.20 SEC... TALKING ABOUT THE FY19 RESULT

Thank You For This Useful Post

bigjay01:
Was the dividend more than 42k/share? Appears so

I didn't even do any calculation o....but it can't be more, maybe you have some hidden bonus somewhere.

bigjay01:
No chance. I believe you need a T+3 for the shares to settle. If you buy tomorrow, your name would not be on the register as at the COB 2moro

Thought T+3 applies to fund settlement?
Anyone that buy shares on the qualification date before COB will qualify.
Someone will advice that he shouldn't buy again but wait to enter after qualification date cos the price may go lower or something......there could be exception to this if market is stable I think.
@Ibrahim505 you can only buy if you want to keep it for long
..... difficult to advice anyone during this period self.

Uchetoba:
Thank You For This Useful Post

U're welcome

bigjay01:


No chance. I believe you need a T+3 for the shares to settle. If you buy tomorrow, your name would not be on the register as at the COB 2moro.

My humble advice based in the questions you've been asking is to go back to NSE 101. Get the fundamentals of stock investments right before committing a penny.

.

Exactly. It applies to both funds settlement as well as share settlement. T + 3 = 4days. anyone who didn't buy before Wednesday will not qualify for dividend.

Dangerous inverted hammer
Downside risk persists

Agbalowomeri:
Dangerous inverted hammer
Downside risk persists

Those that enters the dip may seriously take profit tomorrow as they'd started dumping it today.

Ibrahim505:

Is there hope for someone that buy ucap tomorrow to be included in the dividend register?

Sir, why run after a departing bus? If you miss this, just be calm and watch market reaction post markdown, then you buy at a good entry price based on what you feel is its fair price. Always remember that no matter how fundamentally sound a stock is, nothing beats a good entry price.

Agbalowomeri:
Dangerous inverted hammer
Downside risk persists

Another opportunity lies ahead...

nna777:
.

Exactly. It applies to both funds settlement as well as share settlement. T + 3 = 4days. anyone who didn't buy before Wednesday will not qualify for dividend.

If you UCAP tomorrow and sell on Monday you still qualify for the dividend.

Valueinvestor:

Over 19 million units was on offer at 2.93 some few days ago

I don't understand, sir. But the stock is still within the range you quoted: 2.98.

emmanuelewumi:


The opportunity to buy was there last week when the price seriously went down

Only 2 trades executed, and one individual bought more than 61 million units!

bigjay01:


No chance. I believe you need a T+3 for the shares to settle. If you buy tomorrow, your name would not be on the register as at the COB 2moro.

My humble advice based in the questions you've been asking is to go back to NSE 101. Get the fundamentals of stock investments right before committing a penny.

Not at all bro !!
...Anyone who keys into UCAP today, WILL definitely qualify for the 50k dividend !!(I already gave enough guide to this qualification thing in times past)
The T+3 day period is basically for funds settlement. ...but even then, there are brokers who'd remit ur funds to u even earlier than the 3 days circle. In retrospect, it can be T+X days(where x can be 0, 1 or 2 days). This, though depends on the brokerage firm, ur portfolio size and ur relationship with them.
The only exception is if u had applied for funds remittances via the DCS(direct cash settlement), then it'll have to be T+2 days with proceeds remitted on the 2nd day if it falls within a working day,(btw mon-fri) or otherwise, the next closest working day.

If T+3 days were used for security/share lodgement, then it would be impossible to buy and sell ur shares in coys on the same day.
An investor who buys today, is simply added to the register while the seller is removed prior to mark down on Monday 9th Feb.
So YES, he qualifies !!

Hope its clearer now.

nna777:
.

Exactly. It applies to both funds settlement as well as share settlement. T + 3 = 4days. anyone who didn't buy before Wednesday will not qualify for dividend.

Not at all !!
Pls refer to the post above.(My revert to @ bigjay01)

nna777:
. Exactly. It applies to both funds settlement as well as share settlement. T + 3 = 4days. anyone who didn't buy before Wednesday will not qualify for dividend.

You guys are getting this whole thing twisted. We're no more in analogue era.
Why is it that you sell a stock and can use the fund to buy another one almost immediately? Anyone that buys today will be qualified, reason for the qualification date. List of qualified investors wouldn't even be drawn on same date, could be much later, only that the last date will be used for drawing the list.
OK. I can see that OGG addressed this already.

Uchetoba:
If their OS is 10 billi then with 200 billi PAT, EPS will be N20. Their OS is over 30 Billi

Which bank

CBN has even made it better now that cheques of other banks lodged in the bank before 10 am will get value by the end of the day. the effective date is March 6, 2020. Well done Oga OGG

onegentleguy:


Not at all bro !!
...Anyone who keys into UCAP today, WILL definitely qualify for the 50k dividend !!(I already gave enough guide to this qualification thing in times past)
The T+3 is for funds settlement. ...but even then, there are brokers who'd remit ur funds to u even earlier than the 3 days circle. In retrospect, it can be T+X days(where x can be 0, 1 or 2 days). This, though depends on the brokerage firm, ur portfolio size and ur relationship with them.
The only exception is if u had applied for funds remittances via the DCS(direct cash settlement), then it'll have to be T+2 days with proceeds remitted on the 2nd day if it falls into a working day,(btw mon-fri) or otherwise, the next closest working day.

If T+3 days were used for security/share lodgement, then it would be impossible to buy and sell ur shares in coys on the same day.
An investor who buys today, is simply added to the register while the seller is removed prior to mark down on Monday 9th Feb.
So YES, he qualifies !!

Hope its clearer now.

emmanuelewumi:


Which bank

Zenith

Uchetoba:
Zenith

Shares Outstanding 31,396,493,786
Peter take note

onegentleguy:


Not at all bro !!
...Anyone who keys into UCAP today, WILL definitely qualify for the 50k dividend !!(I already gave enough guide to this qualification thing in times past)
The T+3 day period is basically for funds settlement. ...but even then, there are brokers who'd remit ur funds to u even earlier than the 3 days circle. In retrospect, it can be T+X days(where x can be 0, 1 or 2 days). This, though depends on the brokerage firm, ur portfolio size and ur relationship with them.
The only exception is if u had applied for funds remittances via the DCS(direct cash settlement), then it'll have to be T+2 days with proceeds remitted on the 2nd day if it falls into a working day,(btw mon-fri) or otherwise, the next closest working day.

If T+3 days were used for security/share lodgement, then it would be impossible to buy and sell ur shares in coys on the same day.
An investor who buys today, is simply added to the register while the seller is removed prior to mark down on Monday 9th Feb.
So YES, he qualifies !!

Hope its clearer now.

I have shared my experience on this before.
I bought a stock 2 days to qualification date and I was not paid the dividend.
The explanation giving by my broker was this nonsense T+3 days settlement thing.

I will like others to share their experience.