You are right.

Mcy56:

Based on observation of today's pattern of trading sir.
23M volume was sold despite the huge bids, the volume can only increase in tomorrow's trading.
Also said that based on the recent short term plays as well as the fact that it's an individual bull, not general to the market.
Not in any way saying the price will still not go up ooo, but profit taking will be coming in between........I may be wrong too.

Madam, why do you foresee serious profit-taking in UCAP? The yield is still ok for some people and I think the profit taking will come around 4.25plus

Mcy56:

Dont mind them.
GTB closed at N28................
UCAP: Serious profit taking will take place in tomorrow's market. People collected/collecting their div on the floor already.
They'll now come back to crash the price so as to enter lower and chop dividend again.

a) http://www.nse.com.ng/products/equities/market-making
b)http://www.nse.com.ng/dealing-members-site/Notices/Equities%20Trading%20Manual%20and%20Market%20Model%20of%20The%20Nigerian%20Stock%20Exchange.pdf
c)It actually closes by 2.30 pm and I think you can still place your bid or offer by 2.20 pm.
d)http://www.nse.com.ng/mediacenter/pressreleases/Pages/SEC-NSE-Commence-Direct-Cash-Settlement.aspx
e)from 9.30 am to 9.59 am you cannot see the bids and offers being displayed fully, same as from 2.15 pm to 2.30 pm this is to prevent manipulations. If you have the funds, you can move any stock either up or down.

BAMOFIN1:
I will appreciate if my Ogas can explain the following concepts to me especially as each relates peculiarly to the NSE
a) market makers, their functions, advantages and disadvantages, are they enemies or friends of retail investors;
b)pre-market: the participants and its purpose and do they have more privileges than ordinary retailers
c) why does the sales engine close at 2.15pm yet you still see trades effected at 2.30pm
d) what real as opposed to theoretic protections do an ordinary investor has against loss of his money in a stockbroker account, especially a one-man controlled brokerage firm and
e) how do some traders use posting of huge bids or offers to manipulate price, assuming somebody call their bluff what will happen?
Thanks as you educate me.

[They are selling AIICO PFA. The wrong move in my view.quote author=TLAX post=86788245]

@Bolded contradicts your opening comment.

I have never seen any company that dilutes shareholding and raises money via rights issue for fun. The group needs the cash and they need it desperately too. Barring poor market conditions they would have done the RO last year. That is why in addition to PP and rights issue, they are also selling their AIICO PFA to a Merchant bank.

There is a world of difference between retained earnings and cash and so while all the accounting indices may be pointing to a healthy company, the guys are cash strapped.

That one about significant dividends to help people buy rights, i think its wishful thinking. [/quote]

Oga OGG, These people will have seats on the Board and will be entitled to so many freebies, same cannot be said of me ooo that just wants to have small shares in the company. To be honest the outstanding shares will become bogus and the EPS will not be anything to write home about.

onegentleguy:


Ur a smart fellow.
...but this is just one of it.(NTS lines in view)
With that though, it makes sense to expect that the said rights issue(which some folks had reservations for, including u) may likely be priced @ a premium to or equivalent to N1.20
The leapfrog PE guys are not fools u know. The fund is still hot in there, if u know what I mean.

Again, when u read through certain lines from the NTS, estimate and extrapolate figures, u'll find that there's really no need for the proposed rights.(ditto EM, COMBINED RATIO and SHAREHOLDERS FUND)
There's a craft to take away from the impatient ones.
We understand these things.

It is well.

Thanks. I cannot view this any longer on Morgan itrade.

OBAGADAFFI:


https://nasdng.com/prices-markets/companies-prices/

If their results did not come in by February 29, 2020, then they will pay fines and penalties to SEC. Why will they want to pay dividend when they still have loans to pay back? The company only has to show positives and investors will swoop on their shares. Paying dividend will only put them into more troubles.

Mpeace:
No be scam oh. That stock has places to go. Expect exceptional dividend payout. Result should come by first week of March.

A good entry price for long term investors. If it drops lower, then you buy more but I am always hesitant when I look at Zenith and I see similarities

OakPearl:
Those who will go and queue up for GTB at N34 are ignoring it now at N28.75.
Na so.

where is Afriland Properties Plc listed ?

Yes, Interim 20k already paid then 80k final.

Benjacky48:
UBA can make 1.00

If it is dividend, Zenith is always better but if it is capital gain, Gtbank is the Boss.

Mcy56:

If GT and Zee are paying dividend within same range , I think Zenith is far better to accumulate then.
I expect Access to do better than last year.

Will the bank be able to pay dividend this year?

lancee:



25k ..max 50k

It is not complete. where is Elephant?[quote author=lancee post=86779425][/quote]

I will take out FO and put Double 11 Plc

TLAX:


Yep to bolded.

This coy no dey hide result like that ooo. I expect it latest Friday

TLAX:


I just have a feeling some people are about to play their usual tricks. Nevertheless lets watch closely. Board meeting is today and result should be in the public by Monday/Tuesday.

The Board meeting is currently ongoing. The unaudited Q4 EPS is N1.02. 70k dividend is likely. That will just be N1.4b

ndidigood:
yes
With one offer @5:12 for now

We missed you. Welcome back.

onegentleguy:
Indeed so much to read from !!
...great contributions from all, but I sense that a few persons may become so engrossed with too many extrapolations and end up missing out on some clear opportunities.
There is a need to alienate FEAR from RISK and avoid timing the market. ...else u miss out on REWARD.

Regards

Zenith bank and other banks

pluto09:



Which other companies do you think will benefit from this revised excess dividend tax laws

The company is now in an era where they can always afford to pay out about 75% of their PAT because of the revised excess dividend tax law. As long as they do well and sustain the profit at N4/5b, shareholders will be fine.

pluto09:




The major attraction for ucap is the dividend, the numbers are not so impressive.....

[Understanding is lacking. JB will enjoy contracts with this Government till the end of this administration in 2023. Buying now is buying at bargain. quote author=ndidigood post=86758211]but y is jb falling hand with eps of #8?
Still picking shaa[/quote]

Noted

ndidigood:
mother, wife ,sis,aunt
I am any of those
Lol

I agree with you my Sister.

ndidigood:
people are happy bc people predicted doom that since treasurybill has gone. nothing good can come out of ucap except kaya
But it proved them wrong at least with good dividend
Nobody were expecting 50 k dividend from them .
A stock that was sold for less #2 not long ago paying 50k is worth celebrating and heart warming.

If he is waiting to collect 5m dividend from Ucap then village people must be on top of his case. the capital gain should be enough. 10m units appreciating by N2 is better for him. I am happy for those that waited to take their own portion of the goodies in the bearish market.

aremso:


cant laf alone here oo, una wan collect 5m dividend from ucap？ everyone praising GOD since！laff wan kee me

The era of bonus in the market is gone for now. I support between 60 - 70k

Princkez:
60k loading....May be with bonus issue

Madam, it closed at N2.93

Mcy56:

Fear of unknown. I wouldn't blame them.....but it seems some people got hold of the info before closing, it appreciated in price to close at N3.

**It actually closed 2.93 but was mopped up to N3 before closing. Could be a last minute seller.**

Stock wey I don dey hold for the past 2 years. I only do JIJO with stocks like Wema

sellydion:
The price is going to N14 sell now and re enter, more units more dividend,

Sharp traders that must beat the market,

You better stick to your strategy if you have a proven one.!

Zenith looking to pay N2.70 why is anyone selling?

Mcy56:
So, GTB support broken. Let's see if the next support will hold.....
Zenith, very resilient this time around. 19.60 support broken, went down as low as 19.40 ......but closed at 19.50. Huge offers couldn't cause massive dumping as may be expected. So also UBA....
Access, holding firmly to 9.70 support
Fbnh 5.95 support broken, closed at 5.80...
Tomorrow is another day, God willing.

It is the game. Insiders dealings noni

pluto09:



But why did they wait till today to announce the result

Na Afolabi units dey there. We will manage the tasere dividend.

Mcy56:

Wow! Impressive!!
Ucap heading to N4.
Congrats to those who have faith in this stock. Your patience paid off.

some sold today at N2.77

Agbalowomeri:


chai na so some people sold enter bush Lol

http://www.nse.com.ng/Financial_NewsDocs/29121_UNITED_CAPITAL_PLC_FINANCIAL_STATEMENTS_FEBRUARY_2020.pdf
50kobo dividend

what is happening in Ucap? Board of Directors meeting was held on Friday, February 14, 2020. The result is yet to be released as at 1.48 pm today February 18, 2020. The pattern of trading suggests unusual movements.