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MT
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What Can You Say about Union Bank Shares?
The growth is slow since their PO. No dividends since. Do you suggest such a share should be sold off and the money to be used to buy other shares or do a profitable business. I feel my cash is lying idle there. your opinion please,
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The One (m)
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IF u have better options please dispose the shares. Union bank is one of the most disappointing bank shares around. For the past month they've just been oscillating between 29 and 30 naira which is annoying. Other stocks like GTB, Zenith, Oceanic and even Access bank have made significant appreciation.
That's my advice sha o.
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smithid (m)
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it depends on how u look at the stock and what u really want from the market. there are dividend biters, share appreciation biters (portfolio building) , rake in and out people (that is those that put in money and with little appreciation of the shares they sell out and there are also value investors.Decide the one you are then you can make a very healthy choice. Cheers
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Omoba3 (m)
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@ Smithid - I would like to disagree with your take on things, considering the PO was over a year and since then the stock appreciation is total crap in comparison to other stocks. The time frame its taken Union to get to its current level, one would have made better value investments with good appreciation.
My take? - whatever type of investor you are, you would have been better off investing in something else and gotten better returns. Everyone's goal is to make the best profit available and possible, at least I think
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uzomaeze (m)
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never mind the stock is good that was how i complained of GTBank but look at it today is doing quite well
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Consultant (f)
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You may want to wait a bit to dispose of those shares - that is unless you are basing your decision on additional insight about the company, and not just share price. When I bought Oceanic in 2004, I had the same reservations. In fact, the price fell below IPO level for a while. It took at least a year for it to start rising and now, the shares I bought for 6.30 are worth over N19.
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hbrednic
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i bought union bank shares in since jan.2005,through an asset mgt company,uptill now i have not received the share cert.since i am living abroad anybody has an idea of what i have to do about it? or is the delay a normal?
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MT
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@hybrednic
I spoke with them on the phone when i had a delay with my share cert and the lady told me that they were distributing batch batch. I had 20,000 units. I have got mine now. He said those that bought higher units would soon be getting theirs. If your own is above 20,000 units, wait a while, if not give them a ring. I spoke with them like one and a half month ago. Hope this helps
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profniran
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The low point for Union Bank is that dividend capacity isn’t very likely to get better this year with about 54 percent expansion in the volume of shares. On the other hand, there is confidence that the three-year declining trend in earnings per share will be halted. The snag to watch is that dividend isn’t likely to improve and that is a good indication that the stock is not a good candidate for bullish trading.
From the analysis of the 3rd quarter results though unaudited, It is pertinent to say that depending on the type of investor you are/your investment goal you can still buy Union Bank Shares.
If you are a short term investor whose interest resides only in Capital Appreciation you may buy UBN shares now based on the fact that the price has been within the same region for a while.
If you are the kind of investor whose goal is dividend income,that will not come until July this year at N1.00K Per Share.
Union Bank is stepping up profit growth strong enough to moderate the impact of the increased volume of shares on rates of return. Profit is expected to be strong enough to reverse the declining trend in earnings per share and at least preserve dividend pay out capacity. The developments qualify the stock to join cautiously the general rally of banking stocks.
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hbrednic
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@MT
actually i bought more than 20,000.but can you please give me their number to call them.
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MT
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234-1-2630361, 2631430, 2644374, 2644255
Hope this helps
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alanbolo (m)
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@ profniran, thx 4 d insight, I'm on d verge of selling my UBN but reading this tread will caution my steps till July / august awaiting d dividend payouts.
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hbrednic
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thanks a lot MT, a bottle of beer for your help. i apreciate
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Obalende
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Union Bank is a good long term buy. Its an asset over the long term.
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Labo
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Hi Guys,
Does anyone know when UBN will likely release their Q3 result.
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