anjilgreat:

Interesting!

It happened with Flour Mills and Lafarge about 2 years ago

Wapco dividend has landed I will trasfer the money to mogan right away I need more and more UACN

I use FCMB but notting yet!

emmanuelewumi:


You guys were treated first. Cardinal stone uses FCMB.

Cardinal Stone used to be City Registrars on the first floor of FCMB head office.

Everybody will be paid before 6pm

emmanuelewumi:




I wish you good luck.

About 15 to 18 years ago, a guy came with a tool. He had a newspaper, magazine, radio program, TV program, seminars etc which sold and promoted his Investment tools and gospel.
He had millions of teeming and passionate followers. About 15 years ago people paid N15,000 to hear his stock picks at his sold out seminars that took place all over the country

After people lost money and fortunes following the so called new investment tools and teachings, they are all back to the ancient and time tested tools and teachings

... Abayomi

Naa pioneer profits

emmanuelewumi:
Just got Lafarge dividend, withholding tax was not deducted. I guess dividend was paid from the reserves abi they are steal enjoying pioneer profits ni

emmanuelewumi:



It happened with Flour Mills and Lafarge about 2 years ago

Wow! , it will be great if other companies in the NSE can follow this model. I personally think that the 10% WHT is just too high

Uchetoba:
Wapco dividend has landed I will trasfer the money to mogan right away I need more and more UACN

una no dey tire...

why not take a loan and load it...its still available so it does not go on full bid

veecovee:


... Abayomi

I no mention names ooo. But the guy is mature, sober, humble and wiser. I guess he never experienced a bear market when he named himself the the Oracle. "When the oracle tells you to buy a stock, just buy go and sleep and wake up in wealth".

Greedy people who didn't have the right risk management and prudential guidelines in place, sold there cars, houses to speculate in stocks. In a situation where everyone was doing the same thing, people made 200% speculating on fundamentally weak business but could not book profits until paper profits of 200% turn to paper loss of 90%, majority are still holding on to the carcass 10 to 12 years after

onegentleguy:
BETWEEN WAPCO AND THE QUEST FOR REWARD...

Some folks will sell off their WAPCO and we shall proceed to march forward.
Unless u know not how to thoroughly interpret a coys financial statement, there are plenty of positives in the company's 2019 YE financial print.
Some key takeaways:

• The group witnessed a remarkable jump accross several key revenue and earnings line. ...with AGPR, AER, EV, ROAA ROAE and EM all showing appreciable improvement.
• The company is currently well hedged against Fx related risk... with a no less than 21% support cushion away from a devaluation.
...the interpretation of this is that unless there's a >21% run in Fx devaluation(on the Naira against the $ and other key currencies), WAPCO is immune to currency risk.
• The 3 yr PTR(pioneer tax relief) will likely add over 7B to the group's purse.
• The coy also currently enjoys a favourable grant from the FG via the CBN/BOI at below-market interest rate.
• The merger with one of its subsidiary(Larfage Readymix), a part of the in-house innovative drive by management is expected to save cost of near 2B and boost overall earnings by circa 10-13%.
...management also did well to supplement that with a cut down on admin expense and other opex line by circa 29.3% and 31.5% respectively.

However, I am curious to know more about the company's benefit from its JV asset with CBI(continental blue inv, Ghana) wherein it owns a 35% majority stake.
The group recently granted a $1.39M loan to CBI(a coy with interest in development, financing and operation of cement grinding plant in Ghana) @ an interest rate of LIBOR(1 yr) + 11% p/a, with due date to yr 2023.
CBI Ghana is not a quoted company.
LARFAGE reported the loan @ NAFEX rate in their result, and guided that it earns interest from it on a monthly basis.(NTS in view)

That said, the coys report card shows lots of potential for inherent REWARD and less downside for RISK.

In investing in this coy, the KEY things I was looking out to see, is that magt did infact learn from their misfortunes between 2016 to mid 2018, and is working to ensure a non-repetition on them.
If LARFAGE were to snap it off from their past woes and grow having made worthy moves(delaveraging efforts, key divestiture etc) to a great point of inflection, then there was need to set in motion a good mechanism to;

1) OPTIMIZE COST(both from their expense and interest bearing line)
2) BE INNOVATIVE so recent efforts on restructuring can yield the needed fruits.
3) GROW EARNINGS.

How have they(management) faired on all 3 lines?
Well, looking at their FY 2019 FP, I'd score them a 7 on a scale of 1 to 10.

More work needs to be done though.
The report highlights clear possibilities of a great REWARD for a mid to long term investor.

HOLD !!

DISCLAIMER: NOT an investment advise. ...due diligence still applies as always.

Selah

anjilgreat:


Wow! , it will be great if other companies in the NSE can follow this model. I personally think that the 10% WHT is just too high

...it has nothing to do with models my dear.
LAFARGE WAPCO currently enjoys a 3 yr pioneer tax holiday.(see part in bold from post above)

Regards

anjilgreat:


Wow! , it will be great if other companies in the NSE can follow this model. I personally think that the 10% WHT is just too high

Without holding tax is compulsory and legal, except on certain occasions

sellydion:
Naa pioneer profits

Thank you

meshpips:


Even you @onegentleguy made a jest of my buy recommendation on UACN last year.

So make all of una just kuku chill.

Is this how u behave?
I... made a jest of ur post on UACN? Can u put up the said post.

My dear, u were NOT even "in the picture" when I gave a BUY recommendation for UACN here.
...at the time the stock was trading for btw N4.50 and N4.65.
At least u even admitted it urself when u said u gave a buy advice @ N6, and a hold until N24.

Before ever ur VAP saw UACN, we had long spotted the VALUE drive in the asset and aligned accordingly.
...so don't attach so much importance to urself.

Pls kindly look up the word HUMBLE in the dictionary. ...u'll find that its after the word, DISCERNMENT, but before the word SUCCESS.
There is a reason why u need the 1st word to help drive what u have with the 2nd to achieve the last.
...that has been my guiding principle.
I'll advise u learn from it.

Selah

arduino:

My sister you see wetin I see abi......

Oga mi no be small thing o.
Who says dividend hunting doesnt pay.

emmanuelewumi:



Without holding tax is compulsory and legal, except on certain occasions

You are right sir! but they should probably reduce it. I can also confirm that WHT was not deducted, GTB.

onegentleguy:
Chai !! ...imagine that vol on AIICO !!
Way above the highest daily vol YtD.(over 2.5x on average)
...price now @ N1.10

We called for a buy on AIICO @ btw 54-57k
...current mkt price is an over 92% gain !!

#stillbullish
#wemove

AIICO now on full bid @N1.20 !!
...dude has also joined the "NEIMETH tradition"

Disclaimer: NOT to be infered to as any sought of recommendation.
...due diligence still applies as always.

PharmAlfred:


Pay him no mind chief. He clearly has an agenda.

May be his bulk money is tied down in UACN.

... I really don't know why uacn didn't even state the day to pay us the paltry .10k dividend.

Something fishy smelling here.

anjilgreat:


You are sir! but they should probably reduce it. I can also confirm that WHT was not deducted, GTB.

Ten percent is okay. A popular lawyer got a dividend of N70 million last week from Okomu Oil and paid withholding tax of N7 million.

If he earned N70 million as salary, he would have paid up to N15 million or more as PAYE

Mcy56:

It means trading by yourself if you have enough chance to do it.
It aids faster execution, you can buy and sell by yourself.
Morgan is faster and preferable brokerage firm when it comes to this.

Thanks so much.

Krisuba:
How far wapco divident . has it dropped??

Got mine less than 1 hr now

please how can i transfer my shares to another broker and is the process seamless? I've had it with afrinvest... maybe they don't exist to serve the retail investors. I've been trying to sell Mtn since morning it has been hanging, customer care no answer meanwhile they charge more than 1% for nothing. What nonsense. Maybe they want the price to reduce before they sell

arduino:

GTB, no show yet

GTB has shown ,maybe you should be a little bit patient

veecovee:


... I really don't know why uacn didn't even state the day to pay us the paltry .10k dividend.

Something fishy smelling here.

Nothing is fishy bro.

Payment date is JULY 16th 2020, a day after the AGM on the 15th of JULY.
CDR was on the 19-22nd of MAY.

Pls do well to be guided accordingly.

emmanuelewumi:


The lockdown is real. Thank God for expected dividends from Lafarge, Dangote cement, Seplat, Carverton, May and Baker, Julius Berger, Niger Delta Exploration, Friesland Wamco, Stanbic IBTC, Airtel Africa, Nigeria Brewery, Cadbury, Berger paints, Nestle etc for the month of June.

Honestly, Thank God for them. When I received alert of my chikin WAPCO dividend just now, body sweet me like person wey win lottery.

emmanuelewumi:


Ten percent is okay. A popular lawyer got a dividend of N70 million last week from Okomu Oil and paid withholding tax of N7 million.

If he earned N70 million as salary, he would have paid to N15 million or more as PAYE

True, but you know that investors also have to pay buying, selling charges and other charges! No problem, anyway.

onegentleguy:



...it has nothing to do with models my dear.
LAFARGE WAPCO currently enjoys a 3 yr pioneer tax holiday.(see part in bold from post above)

Regards

Thanks for the info. Just got mine. From what year did the 3yr pioneer tax holiday start so we can know how long our holiday will last

anjilgreat:


True, but you know that investors also have to pay buying, selling charges and other charges! No problem, anyway.

If you buy and sell, you don't need dividends, you sell and book profits

DeRuggedProf:


Mine met hot blooded cultists on the pirates island.

It has just arrived, looking worn out, in shock and trembling.
I promised I will nurse it tonight, then send it back to France on a peaceful vacation..

Which bank? I have not received mine... GTB why na?

emmanuelewumi:



I no mention names ooo. But the guy is mature, sober, humble and wiser. I guess he never experienced a bear market when he named himself the the Oracle. "When the oracle tells you to buy a stock, just buy go and sleep and wake up in wealth".

Greedy people who didn't have the right risk management and prudential guidelines in place, sold there cars, houses to speculate in stocks. In a situation where everyone was doing the same thing, people made 200% speculating on fundamentally weak business but could not book profits until paper profits of 200% turn to paper loss of 90%, majority are still holding on to the carcass 10 to 12 years after

... many went on suicide mission

emmanuelewumi:


Ten percent is okay. A popular lawyer got a dividend of N70 million last week from Okomu Oil and paid withholding tax of N7 million.

If he earned N70 million as salary, he would have paid up to N15 million or more as PAYE

That Ogas holding is nothing less than half a billion in that stock. Howmany people on this thread are in the top 5% ?

emmanuelewumi:
Just got Lafarge dividend, withholding tax was not deducted. I guess dividend was paid from the reserves abi they are steal enjoying pioneer profits ni

Yes. The Dividend was paid from reserved. The Chairman actaully mentioned it his address this morning during the AGM that there will not be withholding tax.

No Conoil dividend, what is happening