OBAGADAFFI:

GTL registrars

What of EDC Securities Limited (Registrar's Department)?

zendi:


All this your cheering of Access, nobody can tell me you're not comfortably smiling in the bus.
(to avoid calling it by that other name, the mh name, you understand ).
Which is not disagreeing that Access, like many others, is seriously undervalued.
But regarding all the bolded, there is another extra thing called prestige.
Prestige, or whatever other name you want to call it, makes some stocks
sell at premium to their valuations, and to their peers.

The same GTB premium stock were buying below 18N before May. So if Zenith finally goes above 20N were will upgrade them to premium stock even when their EPS is lower than accessbank.

I have always underrated Access bank, until the new result. I remember when were begging the Elephant to allow Access go above 3N. Today the Access is running faster then the Elephant.
Thank God I didn't do Much JIJO with Access when it was below 3N.

feelamong:
http://www.nse.com.ng/Financial_NewsDocs/14791_ACCESS_BANK_PLC_Q2_AUDITED_JUNE%2716_CORPORATE_ACTIONS_AUGUST_2016.pdf

The usual 25kobo

But I thought Access had capital raising plan pending -
Nigerian banks are in perpetual capital raising, occasioning equity dilution -
why then is it paying interim dividend ?
How can they be needing money and dishing out money at the same time?
Is the logic wrong to conclude that banks keep raising money to pay dividends,
which means they're not really making money.

zendi:


But I thought Access had capital raising plan pending -
Nigerian banks are in perpetual capital raising, occasioning equity dilution -
why then is it paying interim dividend ?
How can they be needing money and dishing out money at the same time.
Is the logic wrong to conclude that banks keep raising money to pay dividends,
which means they're not really making money.

Raising money for Access is to have a strong financial footing and to expand but not because they lack capital.Also they are not raising capital via equity holdings but through debt instrument.

zendi:


But I thought Access had capital raising plan pending -
Nigerian banks are in perpetual capital raising, occasioning equity dilution -
why then is it paying interim dividend ?
How can they be needing money and dishing out money at the same time.
Is the logic wrong to conclude that banks keep raising money to pay dividends,
which means they're not really making money.

Bros there r many behind the scene infos the common investor is not privy to, except the MDs CEOs and board of directors! Whatever result they want to dish out is what u take

@ penny stock lovers in the house, something is cooking here.

https://trwstockbrokers./2016/08/19/assbifi-stakes-n40b-on-unity-bank-shares-the-nation-nigeria/

as

megainvest:
@ penny stock lovers in the house, something is cooking here.

https://trwstockbrokers./2016/08/19/assbifi-stakes-n40b-on-unity-bank-shares-the-nation-nigeria/

Good news for us that are Trapped in this one

with the way most of y'all comments here, I am forced to think that you guys trade stock on a weekly basis. I always used to think that stock investment was something to be done for a long time say at least a year. I am a novice tho and i want to ask. if truly certain people here buy and sell stocks almost on a daily basis, how do you do it without boring your broker ? I believe your broker will be contacted every now and then to buy and sell on your behalf since its an active bizness for you, that must be a very tiring and cumbersome process for newbies to emulate. isn't it?

megainvest:
@ penny stock lovers in the house, something is cooking here.

https://trwstockbrokers./2016/08/19/assbifi-stakes-n40b-on-unity-bank-shares-the-nation-nigeria/

So unity now belong to bank workers Union.

cadno:

Good news for us that are Trapped in this one

How can you be "trapped " in Unity? It trades everyday with bids most of the time. May be you bought at the peak and don't want to sell before the price goes back there again.

OBAGADAFFI:


So unity now belong to bank workers Union.

It is a socialist bank. May be those always tagging it as a Hausa people bank will now ease up.

Chukzyfcb:
with the way most of y'all comments here, I am forced to think that you guys trade stock on a weekly basis. I always used to think that stock investment was something to be done for a long time say at least a year. I am a novice tho and i want to ask. if truly certain people here buy and sell stocks almost on a daily basis, how do you do it without boring your broker ? I believe your broker will be contacted every now and then to buy and sell on your behalf since its an active bizness for you, that must be a very tiring and cumbersome process for newbies to emulate. isn't it?

am curious too

Chukzyfcb:
with the way most of y'all comments here, I am forced to think that you guys trade stock on a weekly basis. I always used to think that stock investment was something to be done for a long time say at least a year. I am a novice tho and i want to ask. if truly certain people here buy and sell stocks almost on a daily basis, how do you do it without boring your broker ? I believe your broker will be contacted every now and then to buy and sell on your behalf since its an active bizness for you, that must be a very tiring and cumbersome process for newbies to emulate. isn't it?

On the contrary, brokers are very happy the more customers trade. Don't be amazed at the tenacity you see here, some of us here take this stock business very seriously because of the enormous potential it holds.

megainvest:


On the contrary, brokers are very happy the more customers trade. Don't be amazed at the tenacity you see here, some of us here take this stock business very seriously because of the enormous potential it holds.

Like I said, if u focus on this forum well and u have some good cash, u cld make urself rich with ease. Imagine when Megainvest mentioned Ucap...then it was abt N1.45k..u bought large quantity lik N1m worth...its now N2.25k ...it got to N2.85k last month....

cadno:

Like I said, if u focus on this forum well and u have some good cash, u cld make urself rich with ease. Imagine when Megainvest mentioned Ucap...then it was abt N1.45k..u bought large quantity lik N1m worth...its now N2.25k ...it got to N2.85k last month....

Well said. I created a stock pick model which brought UCAP to my attention last year. That model is still making money for me till today. There is a lot of hardwork to be done if one must make it big in this business. Many Nigerians are yet to discover the power of the stock market.

cadno:

Like I said, if u focus on this forum well and u have some good cash, u cld make urself rich with ease. Imagine when Megainvest mentioned Ucap...then it was abt N1.45k..u bought large quantity lik N1m worth...its now N2.25k ...it got to N2.85k last month....

It is easy to imagine things using hindsight. Seeing the future is often very difficult.

Raider76:


It is easy to imagine things using hindsight. Seeing the future is often very difficult.

That UCAP pick was made last year after a very rigorous analysis.

The truth about NSE is that it is still very easy to find great bargains because there are too many uninformed and impatient players in the market. If some of these stocks were in more advanced markets, you will not find them cheap. This market will keep creating opportunities for many to be super rich in years to come. Volatility is opportunity!

@Megainvest Wat ur take on FBNH ,

Raider76:


It is a socialist bank. May be those always tagging it as a Hausa people bank will now ease up.

And what's the difference between socialist bank and Hausa bank.

Can this Unions run the bank profitably.

megainvest:


Well said. I created a stock pick model which brought UCAP to my attention last year. That model is still making money for me till today. There is a lot of hardwork to be done if one must make it big in this business. Many Nigerians are yet to discover the power of the stock market.

So any other one now ? name?

Tritri:
@Megainvest Wat ur take on FBNH ,

I have posted along these lines before but I don't mind repeating myself.


I believe that FBNH is a stock to accumulate for the very long term. When I say long term I mean as long as 5 years! Unfortunately, it may not perform well short term. If there is no significant positive news from the oil market, it may crack N3 support in the short term.

The only barrier to FBNH's rise today is its high NPL ratio. CBN will not allow its banking group pay any dividends as long as NPL is over 10%. The day it overcomes that hurdle, you cannot hold it back anymore. Ahead to N10 non stop! That is a whooping 300% upside potential. It occupies a special place in terms of brand positioning, has a very large and loyal customer base, and has one of the largest market shares in terms of e banking.

Recent results after management changes have also shown that the bank is doing very well to beat down its cost of operation and effectively manage its risk. It will be one of the stocks to make a huge comeback if oil ever recovers. Alternatively, if they eventually sell their perennially bad loans to AMCON they can also make a comeback but that will be in the next financial year, all things being equal.

Disclosure:
I have started reloading some units of FBNH in my long term portfolio and I hope to load massively if it crosses below N3.

ihedioramma:
So any other one now ? name?

I dont have any names from my model that I am sure of for now till around November / February when I have seen q3 results.

.

@megainvest I concur But hardly would anyone wait for 3yr on a stock talkless of 5yr..but great advice.

one love . what of fmn?

Tritri:
@megainvest I concur But hardly would anyone wait for 3yr on a stock.

3 years or 5 years is just a number. Anything can happen next week that will send FBNH into a bull market. I am more concerned about my entry price as long as I see that the value is certain. Although, I think I am unusually and extremely patient with stocks. Its kindda my nature and it has proven to be one of the key virtues underpinning my success in this business.

9free happy week end

ihedioramma:
9free happy week end

Nwanem, I wish you same oh.
Any prophecy from the mountain top?

megainvest:


3 years or 5 years is just a number. Anything can happen next week that will send FBNH into a bull market. I am more concerned about my entry price as long as I see that the value is certain. Although, I think I am unusually and extremely patient with stocks. Its kindda my nature and it has proven to be one of the key virtues underpinning my success in this business.

I don't know the magu-magu Access did to report such hugh Forex Gains but my prayer is that FBNH reports same or 2X that of Access.

megainvest:


3 years or 5 years is just a number. Anything can happen next week that will send FBNH into a bull market. I am more concerned about my entry price as long as I see that the value is certain. Although, I think I am unusually and extremely patient with stocks. Its kindda my nature and it has proven to be one of the key virtues underpinning my success in this business.

The rally on Access, GTB and other banks may eventually propel FBNH up before the end of this month. I am considering loading some FBNH from Monday.