Heishere:
http://www.nse.com.ng/Financial_NewsDocs/30850_COURTEVILLE_BUSINESS_SOLUTIONS_PLC-_NOTICES_OF_ANNUAL_.pdf

This is confusing. Did Courteville declare dividend?

Wait until then but I don't think so sha... Over to the bosses in tge HOUSE

zionaigbokhan:
Good Morning all, I'm wondering what to do with my Access bank? It's too sluggish.

Lemme know when you want to dump so I can mop it @6.35. Thanks

megawealth01:
Wait until then but I don't think so sha... Over to the bosses in tge HOUSE

No dividend declared

onegentleguy:


Both of u are actually saying the same thing but using different perspectives.
Yes ur right about the fact that a script/bonus issue may not impact the EPS of a coy that much, but perhaps u haven't put it out in a more explicit light.
In practice, the EPS= net income(NI)/weighted average of OS... and not just NI/OS
So no doubt, the issuance of a script affects(inverse variation) the distributable earnings(EPS/EM in view)... but it will be wrong to infer this as the sole reason for it.
Oftentimes, the degree of impact will depend on how well a coys profit margin(net income) measures against what it can offer to its common equity holders(OS in view) at the time.

The numerator of that formula(NI) is the biggest driver of EPS. ...if it grows faster than the WA of OS at the time of consideration, then there'll be no need to fret. How?
See if the coy is growing REVENUE/SALES faster than its COST LINE. The former can be seen from looking at the broader economy(top-down approach) and how it affects the demand curve for its services while the latter looks at how well management can optimize cost.(see the 5 yr review of JB posted by Dr. Awo)
Also, if a coy has lower need for funding(capex in view) and better cash flow, then expect NI to remain relatively stable post script issuance.

Again, the denominator(WA of OS), which is where there are concerns is sometimes exaggerated. ...how?
The weighted average of a coys common stock post bonus issuance can sometimes be less than the assumed estimate, so the total OS may not be enough to offset the NI line(assuming it remains constant) and cause a remarkable drop in EPS.
...a brief;
Assuming a coy X with an OS of 1B issued a bonus of 1 for 5, then post exercise, total OS can only be 1.2B(i.e 1/5x1B + 1B) if the said issuance was made to reflect at the beginning of the coys financial reporting calender yr. ...otherwise it would be less !!
If the issuance was made to reflect mid-way through its financial yr, then the OS has to mirror the actual WA. ...that is; 6 months for 1B OS and the remaining 6 months for the 1.2B OS... so WA of OS= 6/12(1B) + 6/12(1.2B)= 1.1B and NOT the initially assumed 1.2B.
So unless there is a wide drop in NI, the EPS can only witness a lesser degree of impact.

The truth is; investors will often tend to sell off after a script/bonus issuance... including those who may not have done their homework well.(even exiting at a loss)
But ur concern should be on how to get some reward from such equity. There is way to play such stocks.
...u sell into the hype that comes with the issuance, then look to play the contrarian and buy back into the fear that follows thereafter.
JULIUS BERGER presented that opportunity 2 days ago.
Note that an appreciable knowledge in FA and TA is needed to succeed better though.

On a side note, that part in bold is erroneous. ...it might cause u a costly mistake.
It's best to use the EPS to look in on a coys PE... but NOT the PE to adjudge its EPS.
...that way, u can adjust ur investment strategy to seek a better time value for ur money at any given time.

Disclosure: I currently do not hold JB in any portfolio under my watch.
NOT an investment advice. ...due diligence still applies as always.

My advise: Just follow ur instinct.

So correct bro thanks for citing the part of EPS

http://www.nse.com.ng/Financial_NewsDocs/30852_CONOIL_PLC-CORPORATE_ACTIONS_ANNOUNCEMENT_FOR_CONOIL_P.pdf

N2 Dividend

Qualification date: 13/07/20

Closure of Register: 14/07/20

Payment Date: In View

Here is Why You Should Monitor Insider Dealings as a Nigerian Stock Trader

Since the Nigerian Stock Exchange (NSE) mandated listed companies to disclose insider dealings, a lot has changed as traders and stakeholders now have an idea of who is buying what, at what price level and quantity being bought.

For instance, in the last one month, Herbert Wigwe, the Chief Executive Officer and Managing Director, Access Bank, has been buying the company’s stock in large quantity and acquired a total of 7.532 million in the last on Month.

Click here to read more https://investorsking.com/why-you-should-monitor-insider-dealings-as-a-nigerian-stock-trader/

stcool:
Its like Dangote Cement wants to take over WAPCO

...probably a deal soon

This is impossibly impossible. Not even in the next 20 years....

My sterling...full bid loading & soon on its way to N2.00 as usual to lead the 3 musketeers

Jejebabaa:

Oga Nosa, are u still bearish in Naira or u are now fully invested in NSE

I am over bearish (if such a thing exists). How anyone could be bullish is beyond me.


On the bright side thou, the coming global inflation should see a significant rise in oil prices but knowing Nigeria we would find a way to mess that opportunity up.

i done commot from access

When is DangSugar Dropping

FCMB is doing well... Fidelity has step back small for em oga

zionaigbokhan:
i done commot from access

Congrats... Hope you are aware they go pay mid dividend for July or so

nosa2:


I am over bearish (if such a thing exists). How anyone could be bullish is beyond me.


On the bright side thou, the coming global inflation should see a significant rise in oil prices but knowing Nigeria we would find a way to mess that opportunity up.

You still dey this world?

Long time.

nosa2:
It seems gold have go!!!!!

Careful with that yellow metal o.

There is something it is doing that I'm watching closely. I see it falling below 1K after going above 1,900+

What will cause gold to crash that low is what I don't know.

megawealth01:
Congrats... Hope you are aware they go pay mid dividend for July or so

I have a project to tidy up. Thanks

Truth234:
Here is Why You Should Monitor Insider Dealings as a Nigerian Stock Trader

Since the Nigerian Stock Exchange (NSE) mandated listed companies to disclose insider dealings, a lot has changed as traders and stakeholders now have an idea of who is buying what, at what price level and quantity being bought.

For instance, in the last one month, Herbert Wigwe, the Chief Executive Officer and Managing Director, Access Bank, has been buying the company’s stock in large quantity and acquired a total of 7.532 million in the last on Month.

Click here to read more https://investorsking.com/why-you-should-monitor-insider-dealings-as-a-nigerian-stock-trader/

...absolutely great info!!! Tx

Hello Good People, can any help with these?
https://www.nairaland.com/5980645/sharia-compliant-investments#91543288

Thanks.

RabbiDoracle:


You still dey this world?

Long time.

I dey oh!

RabbiDoracle:


Careful with that yellow metal o.

There is something it is doing that I'm watching closely. I see it falling below 1K after going above 1,900+

What will cause gold to crash that low is what I don't know.

I'm holding physical bullion, gold miners and prospective gold mines.

I am over extremely bullish on gold.

When I'm bullish on something and I see people making a bear case, I just know that these are the ones that will Fomo in later.

I'm selling half my bullion at $3k and I'll start reducing my miner exposure at $5k. As for the prospective mines..... Na my children go decide when to sell that one.

Mcy56:

You're not serious.
Donate it to charity nah.....at least they'll pray for you.

Awesome advice ! By the way, my middle name is Charity.

THE POOR, THE RICH AND THE BANK!!

1. A bank is a broker between the poor and the rich.

2. The commonplace where the two meet is in a bank.

3. The poor bring money in the form of savings.

4. The rich take it, through borrowing.

5. A poor person saves money because they have more money than their thinking capacity.

6. They keep the money in the bank so they can go and think of what to do with the money they have saved.

7. On the other side, rich people come to pick that money, through borrowing, because they have more ideas than the money they have.

8. On a practical side, please who can show me one billionaire who got rich through saving.

9. I will show you a million Africans who have money saved in the banks and are still renting the houses that the Millionaires and billionaires build through the poor people savings which the rich borrowed from a bank.

10. I have now realized that the best savings and interests are acquired through investments and not savings.

11. It will surprise you that the only money that the rich allow in their account is the minimum balance to keep it alive.
Every cash they have is seen on one investment or another.

12. Take a risk in your life, if you fail you will learn, and if you succeed you will be a good example to others.

13. The only shame you must avoid is to have shame.

14. You must know that all Millionaires and Billionaires you see today were once starters.

Decide today to remove that money from your account and look for an investment to reap twice in due course

TAKE IT OR LEAVE IT THE CHOICE IS YOURS!
Nobody will force you

BullBearMkt:

...absolutely great info!!! Tx

You are welcome. Read the complete article...

Also, follow the insider dealings tab. I will be tracking and detailing it daily....

FSDH Lists Impact of CBN’s Naira Devaluation to N380/$1
https://businesspost.ng/economy/fsdh-lists-impact-of-cbns-naira-devaluation-to-n380-1/

Seplat Says Staff Not Involved in OML 40 Explosion
https://businesspost.ng/economy/seplat-says-staff-not-involved-in-oml-40-explosion/

Ecobank Nigeria Extends Agric Loan to 70,000 Farmers
https://businesspost.ng/banking/ecobank-nigeria-extends-agric-loan-to-70000-farmers/

RabbiDoracle:


Careful with that yellow metal o.

There is something it is doing that I'm watching closely. I see it falling below 1K after going above 1,900+

What will cause gold to crash that low is what I don't know.

Where and how is this gold traded? I for no mind learn am ooo. If una go gree teach me.

nosa2:


I am over bearish (if such a thing exists). How anyone could be bullish is beyond me.


On the bright side thou, the coming global inflation should see a significant rise in oil prices but knowing Nigeria we would find a way to mess that opportunity up.

Ok boss, thanks.
Hopefully, Nigeria would have learnt his lesson and take advantage of the bullish oil when it comes.

Access Bank Plc has notified shareholders of moves by its Zambian subsidiary to acquire Cavmont Bank Limited, a subsidiary of Capmont Capital.
In a notice published on the Nigeria Stock Exchange website, Access Bank said there is no certainty that a transaction would be agreed on yet.
“There can be no certainty that a transaction will be agreed, nor as to the terms of any such agreement. The completion of a transaction would be subject to formal regulatory approvals,” the notice signed by Sunday Ekwochi, Access Bank company secretary, read.
“Access Bank will update the market as appropriate and in accordance with its’ disclosure obligations.
“Accordingly, shareholders are advised to exercise caution when dealing in Access Bank’s securities until a full announcement is made.”
On April 1, 2019, Access Bank acquired Diamond Bank Plc; a move that made it the largest bank by customer base in Nigeria.
Access Bank, on April 1, 2019, had acquired Diamond Bank Plc.
On January 17, 2020, the bank also announced that it had received approval from the Central Bank of Nigeria and other relevant authorities to acquire majority equity share in Transnational Bank Plc, a Kenyan-based bank.
Access Bank currently has six subsidiaries across Africa, namely DR Congo; Gambia; Ghana; Rwanda; Sierra Leone; and Zambia, including the UK.
Source: https://www.google.com/amp/s/www.thecable.ng/access-bank-zambia-acquire-cavmont-bank/amp

House, pls How much WHT is deducted from dividends?

debeey87:
House, pls How much WHT is deducted from dividends?

10% of total dividend

debeey87:
House, pls How much WHT is deducted from dividends?

10% of your dividend payment....

If your dividend is N100, 10% of it is N10....so you will get alert of N90.

Some companies do not deduct the 10%WHT like Dangcem, Wapco, FMN from my experience

ukay2:


10% of your dividend payment....

If your dividend is N100, 10% of it is N10....so you will get alert of N90.

Some companies do not deduct the 10%WHT like Dangcem, Wapco, FMN from my experience

Because they have tax holidays