Nahco

[lumidii]

Originally Posted by threecrown

Any news about Nacho Certificates?

I received my Nahco certs through the post about four weeks ago, you may go check your box, or allow a few more weeks for home delivery.

[Apache]

Originally Posted by threecrown

Any news about Nacho Certificates?

I also got mine about 4 weeks ago by post. Have already sent it to my stockbrokers for dematerialization

[cecemontero]

Originally Posted by threecrown

Any news about Nacho Certificates?

hello pple, any news on verification of Nahco certificates yet. My broker told me nothing for now.

[BLUEMONEY]

Originally Posted by cecemontero

hello pple, any news on verification of Nahco certificates yet. My broker told me nothing for now.

i was also told thesame thing by a broker. i think the registrars are trying to manage the share price so that it doesnt crash because by analysis, the stock is overpriced. let us wait & see if thier first quater result can sustain the price.

[BLUEMONEY]

those that have not received thier return money should maybe check thier p.o box. that is where the registrars sent mine to after weeks of disturbing the FCMB agent i bought the offer from. cheers

[hispy99]

NAHCO Q1 Results
2008 2007 Change
Gross Earnings 1.21 0.852 42.96
PBT 0.306 0.157 94.54%
PAT 0.208 0.114 82.94%

All figures in billions

[bwalaman]

Originally Posted by nichobabe81

Fellow SMNs

Pls what do you think about NAHCO? the price is just crashing everyday do i sell off my shares and count my losses? It is really painful.

Pleaseeeeeeeeeeeee...

Nahco just did a bonus 1 for 8 and .30k dividend- thus share price adjusted accordingly. Your new total shareholding should be more, while naira value about the same.

Sell or not sell is your decision, I wouldn't however as expect Nahco to pick up 8 naira by end of year.

[mojiet]

I got my a Warrant for divident on NAHCO shares bought last year. I had previously received my returned cheque but I still have not got my certificate. My dividend from the amount paid seems to be 0.27k per share and not 0.30k as advertised.Is this the case for anyone self?

[hispy99]

Originally Posted by mojiet

I got my a Warrant for divident on NAHCO shares bought last year. I had previously received my returned cheque but I still have not got my certificate. My dividend from the amount paid seems to be 0.27k per share and not 0.30k as advertised.Is this the case for anyone self?

The tax man collects 10% tax on dividends, so the 3kobo that was deducted per share was paid to the coffers of the FGN

[ttoladele]

Originally Posted by hispy99

The tax man collects 10% tax on dividends, so the 3kobo that was deducted per share was paid to the coffers of the FGN

In the UK tax on dividend is 40%, if you are on the higher tax band, so don't complain.

[hispy99]

NAHCO: HALF YEAR JUNE 30 2008

NIGERIAN AVIATION HANDLING CO. PLC, UNAUDITED RESULT FOR HALF YEAR ENDED 30-06-2008

TURNOVER 08 N2.346b, 07 N1.668b

PBTAXATION 08 N667.572m, 07 N350.182m

TAXATION 08 (N213.623m) 07 (N112.058m)

PATAXATION 08 N453.949m, 07 N238.124m

[hispy99]

For your eyes only..

[BLUEMONEY]

Originally Posted by hispy99

For your eyes only..

Thank you very much.

[kenebobo]

Originally Posted by hispy99

NAHCO: HALF YEAR JUNE 30 2008

NIGERIAN AVIATION HANDLING CO. PLC, UNAUDITED RESULT FOR HALF YEAR ENDED 30-06-2008

TURNOVER 08 N2.346b, 07 N1.668b

PBTAXATION 08 N667.572m, 07 N350.182m

TAXATION 08 (N213.623m) 07 (N112.058m)

PATAXATION 08 N453.949m, 07 N238.124m

Impressive

[hispy99]

EFCC arrests NAHCO’s MD over N210m scam
By Musikilu Mojeed and Oyetunji Abioye
Published: Thursday, 9 Oct 2008
The Economic and Financial Crimes Commission on Wednesday arrested the Managing Director of the Nigerian Aviation Handling Company Plc, Mr. Bates Sarki Sule, over an alleged mismanagement of N210m belonging to his organisation.

A source in the commission who informed our correspondent of the development in Abuja, said Sule was arrested on Wednesday morning at the headquarters of the commission in Lagos by EFCC operatives who had in the last one week, kept him under watch.

He was subsequently taken to the Lagos office of the commission where he was interrogated by investigators.

Sule was still being detained by the commission as at 8pm.

The NAHCO MD was arrested following allegations that he bought N150m worth of shares for himself with funds belonging to the organisation.

He was also accused of having unilaterally inflated an unnamed contract executed in the Port Harcourt office of his company from N18m to N60m.

Our source said seven other officials of NAHCO had earlier been interrogated over the matter last week.

When contacted, EFCC’s Head of Media and Publicity, Mr. Femi Babafemi, confirmed Sule’s arrest on Wednesday.

He said the NAHCO boss was picked up for interrogation over allegations that he mismanaged some funds.

“I can confirm that he is with us in our Lagos office. He is talking to our investigators,” Babafemi said.

NAHCO officials earlier picked up, quizzed and released the head of internal audit, and the heads of maintenance and cargo operations.

THE PUNCH learnt that the arrests had to do with a petition written against Sule.

Part of the allegation being raised by the petitioners was also said to have been that Sule was accused of mismanaging the Public Offer fund by placing it in a bank.

The fund was alleged to have been placed on call interest which was taken and shared.

It was also alleged that misappropriation was responsible for the company’s delay in paying certain emoluments to the company’s staff.

The petitioner also alleged that Sule connived with the head of internal audit to deduct excess revenue without the board’s approval.

Sule was also accused of having four million units of shares in NAHCO and commanding shares in other blue chips companies.

The Head, Corporate Communications, NAHCO, Mr. Demola Akinbola, could not be reached for comment on the incident.

But, an official of the Corporate Communications Department of NAHCO, Mrs. Fidelia Obumselu, told our correspondent that she was not aware of the arrest, claiming that she had earlier in the day gone to Eko Hotel with Sule where he presented a paper.

[BLUEMONEY]

Originally Posted by hispy99

EFCC arrests NAHCO’s MD over N210m scam
By Musikilu Mojeed and Oyetunji Abioye
Published: Thursday, 9 Oct 2008
The Economic and Financial Crimes Commission on Wednesday arrested the Managing Director of the Nigerian Aviation Handling Company Plc, Mr. Bates Sarki Sule, over an alleged mismanagement of N210m belonging to his organisation.

A source in the commission who informed our correspondent of the development in Abuja, said Sule was arrested on Wednesday morning at the headquarters of the commission in Lagos by EFCC operatives who had in the last one week, kept him under watch.

He was subsequently taken to the Lagos office of the commission where he was interrogated by investigators.

Sule was still being detained by the commission as at 8pm.

The NAHCO MD was arrested following allegations that he bought N150m worth of shares for himself with funds belonging to the organisation.

He was also accused of having unilaterally inflated an unnamed contract executed in the Port Harcourt office of his company from N18m to N60m.

Our source said seven other officials of NAHCO had earlier been interrogated over the matter last week.

When contacted, EFCC’s Head of Media and Publicity, Mr. Femi Babafemi, confirmed Sule’s arrest on Wednesday.

He said the NAHCO boss was picked up for interrogation over allegations that he mismanaged some funds.

“I can confirm that he is with us in our Lagos office. He is talking to our investigators,” Babafemi said.

NAHCO officials earlier picked up, quizzed and released the head of internal audit, and the heads of maintenance and cargo operations.

THE PUNCH learnt that the arrests had to do with a petition written against Sule.

Part of the allegation being raised by the petitioners was also said to have been that Sule was accused of mismanaging the Public Offer fund by placing it in a bank.

The fund was alleged to have been placed on call interest which was taken and shared.

It was also alleged that misappropriation was responsible for the company’s delay in paying certain emoluments to the company’s staff.

The petitioner also alleged that Sule connived with the head of internal audit to deduct excess revenue without the board’s approval.

Sule was also accused of having four million units of shares in NAHCO and commanding shares in other blue chips companies.

The Head, Corporate Communications, NAHCO, Mr. Demola Akinbola, could not be reached for comment on the incident.

But, an official of the Corporate Communications Department of NAHCO, Mrs. Fidelia Obumselu, told our correspondent that she was not aware of the arrest, claiming that she had earlier in the day gone to Eko Hotel with Sule where he presented a paper.

Mr. Bates Sarki Sule, is a Proper Crook and should return every dime he stole before he resigns.