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Nigerian Stock Exchange Market Pick Alerts - Investment (7263) - Nairaland

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Re: Nigerian Stock Exchange Market Pick Alerts by essentialone(m): 10:27am On Sep 18, 2023
Please, can anyone help to find out the current unit price of UBA equity fund, that was sold sometime this year, and how to Sell it?

Thanks
Re: Nigerian Stock Exchange Market Pick Alerts by beejay1(m): 10:39am On Sep 18, 2023

1 Like

Re: Nigerian Stock Exchange Market Pick Alerts by dapix: 10:42am On Sep 18, 2023

1 Like

Re: Nigerian Stock Exchange Market Pick Alerts by kolaish(m): 10:42am On Sep 18, 2023
beejay1:
https://doclib.ngxgroup.com/Financial_NewsDocs/39426_OANDO_PLC-_QUARTER_5_-_FINANCIAL_STATEMENT_FOR_2021_FINANCIAL_STATEMENTS_SEPTEMBER_2023.pdf
Good result from Oando. EPS of 246k as against a lost position last year. The stock is poised to keep going up.

..

1 Like

Re: Nigerian Stock Exchange Market Pick Alerts by kolaish(m): 11:02am On Sep 18, 2023
UBA on the heels to meet the price of Access.
Re: Nigerian Stock Exchange Market Pick Alerts by yMcy56(f): 11:11am On Sep 18, 2023
E Ku Market ooo.

UBA is vexing in market.......
Overtake ACCESS.....

UBA : 17.50.......now 18!!!
ACCESS: 17.30.......as at now....

OANDO: Full bid @12.10
CHAMS: Full bid @1.21...

* ACCESS trying to rise up to the challenge.......but na result go give the final verdict.......Access better no do anyhow.... grin
* UBA dragging ACCESS along......

2 Likes

Re: Nigerian Stock Exchange Market Pick Alerts by Iamblessed85: 11:13am On Sep 18, 2023

2 Likes

Re: Nigerian Stock Exchange Market Pick Alerts by beejay1(m): 11:17am On Sep 18, 2023
Someone or something is mopping up UBA

1 Like

Re: Nigerian Stock Exchange Market Pick Alerts by yMcy56(f): 11:24am On Sep 18, 2023
UBA shocked


TRANSCORP: Cross deals continue today again.....

1 Like

Re: Nigerian Stock Exchange Market Pick Alerts by Iamblessed85: 11:25am On Sep 18, 2023
yMcy56:
UBA
About to enter full bid @18.05? shocked

To think it was 13 some days back

1 Like

Re: Nigerian Stock Exchange Market Pick Alerts by currentprice: 11:27am On Sep 18, 2023
Ekuu Uba mkt o

I like the way mkt is responding to positive report, grin

grin grin grin grin

6 Likes

Re: Nigerian Stock Exchange Market Pick Alerts by yMcy56(f): 11:33am On Sep 18, 2023
wanaj0:
Eku market ooo smiley
Market is up. Everyone is happy. We are all experts now
Let's be prepared for when the bears will show up oo
Sorry boss, I was supposed to pay homage before posting but was carried away by the surprise brought by UBA this early market hours.....E ma binu Sir. grin

It's a pleasure seeing you back on the thread Sir.

Someone said you're likely one of the ministers now, pls boss don't forget your own in your greatness o.....I fit dey help you carry your briefcase self. I be loyal person, nothing go do am. grin

2 Likes

Re: Nigerian Stock Exchange Market Pick Alerts by currentprice: 11:36am On Sep 18, 2023
Iamblessed85:


To think it was 13 some days back

Few weeks ago, we alerted and gave house opinion on this. well-done for those who does not totally threw d opinion in d pin but acted positively on it. those that slow to act.. no big deal another opportunities will come.

grin grin grin

VVV
VV
V

4 Likes 1 Share

Re: Nigerian Stock Exchange Market Pick Alerts by currentprice: 11:36am On Sep 18, 2023
currentprice:


I have advice anyone with left over cash to go for a sector not yet fully release their Q2 report..

Honestly with what on ground and the pointer all along, banking sector appears very undervalued. Bank like UBA will soon cross 20 for our korokoro eyes while d like of fidelity cross 10..

Fingars crossed

grin grin grin

grin grin grin grin grin

4 Likes

Re: Nigerian Stock Exchange Market Pick Alerts by yMcy56(f): 11:39am On Sep 18, 2023
currentprice:

Still waiting for FIDELITY to move too.......
Needs to cross that 10 junction..... smiley
Something will trigger it at the right time.......so I Blvd.
Re: Nigerian Stock Exchange Market Pick Alerts by BabsO2(m): 11:39am On Sep 18, 2023
ProphetUtuocha:
With a H1 EPS of 10+, UBA is in a class by itself!

Comprehensive income per share which ends up in shareholder funds was even higher at N23.43 per share shocked shocked shocked

UBA BVPS jumped from N 25.494 to N 48.58 (Dec 2022 vs Jun2023) !!

2 Likes

Re: Nigerian Stock Exchange Market Pick Alerts by PETERiCHY(m): 11:45am On Sep 18, 2023
PETERiCHY:
Some of us are sitting only on 2 choice stocks

For dividend purpose we bought UBA @t an average cost ofi #7.82k while 0ANDO is for gambling purpose with an average cost of #5.21k.

BARGAIN HUNTERS TAKE NOTE!

*ThE OcToPuS*

Our 2 choice stocks are doing pretty well.

OANDO now #12.10k -
UBA now #18:00k

Someone should please Praiseeeeeeeeeeeeeeeeeeeeeeezzzzzzzzzzzzxz the LORD!!!!!!!!!!!!!!!!! smiley

8 Likes

Re: Nigerian Stock Exchange Market Pick Alerts by Iamblessed85: 11:49am On Sep 18, 2023
currentprice:


Few weeks ago, we alerted and gave house opinion on this. well-done for those who does not totally threw d opinion in d pin but acted positively on it. those that slow to act.. no big deal another opportunities will come.

grin grin grin

VVV
VV
V

Excellent work you guys are doing on here. Please dont stop

2 Likes

Re: Nigerian Stock Exchange Market Pick Alerts by joedguy: 11:52am On Sep 18, 2023
Morning my people. Why are some symbol not showing on the buy list like zenithbank, dangcem on Morgan itrade. Please ur response is appreciated
Re: Nigerian Stock Exchange Market Pick Alerts by Streetinvestor2: 11:55am On Sep 18, 2023
currentprice:


grin grin grin grin grin
Pls the sector you are waiting for its third quarter result,lol.That your bedspread no they miss target this days
Re: Nigerian Stock Exchange Market Pick Alerts by kolaish(m): 11:58am On Sep 18, 2023
joedguy:
Morning my people. Why are some symbol not showing on the buy list like zenithbank, dangcem on Morgan itrade. Please ur response is appreciated
log out and login again. Everything is ok on morgan platform, it maybe from your side.

1 Like

Re: Nigerian Stock Exchange Market Pick Alerts by Mfunkynation(m): 11:59am On Sep 18, 2023
joedguy:
Morning my people. Why are some symbol not showing on the buy list like zenithbank, dangcem on Morgan itrade. Please ur response is appreciated
Check under premium section.

4 Likes

Re: Nigerian Stock Exchange Market Pick Alerts by yMcy56(f): 12:00pm On Sep 18, 2023
joedguy:
Morning my people. Why are some symbol not showing on the buy list like zenithbank, dangcem on Morgan itrade. Please ur response is appreciated
They are listed under "Premium"

On the column where you see "EQTY", click the small arrow 🔽 beside it and select "Premium"
Re: Nigerian Stock Exchange Market Pick Alerts by joedguy: 12:05pm On Sep 18, 2023
yMcy56:

They are listed under "Premium"

On the column where you see "EQTY", click the small arrow 🔽 beside it and select "Premium"
Thank you so much

1 Like

Re: Nigerian Stock Exchange Market Pick Alerts by purity2all(m): 12:19pm On Sep 18, 2023
beejay1:
Someone or something is mopping up UBA


It's definitely something 😂
Re: Nigerian Stock Exchange Market Pick Alerts by jideflash(m): 12:20pm On Sep 18, 2023
Halleluyah. Oya giveaway time grin

PETERiCHY:


Our 2 choice stocks are doing pretty well.

OANDO now #12.10k -
UBA now #18:00k

Someone should please Praiseeeeeeeeeeeeeeeeeeeeeeezzzzzzzzzzzzxz the LORD!!!!!!!!!!!!!!!!! smiley
Re: Nigerian Stock Exchange Market Pick Alerts by jideflash(m): 12:28pm On Sep 18, 2023
i see it too. grossly undervalued.

BabsO2:


Comprehensive income per share which ends up in shareholder funds was even higher at N23.43 per share shocked shocked shocked

UBA BVPS jumped from N 25.494 to N 48.58 (Dec 2022 vs Jun2023) !!

1 Like

Re: Nigerian Stock Exchange Market Pick Alerts by robobo: 12:28pm On Sep 18, 2023
BabsO2:


Comprehensive income per share which ends up in shareholder funds was even higher at N23.43 per share shocked shocked shocked

UBA BVPS jumped from N 25.494 to N 48.58 (Dec 2022 vs Jun2023) !!

really i dont understand how anyone that is holding this stock would sell it for less than 25 (half PBV)

Although it might look like the current performance would not be sustainable given that the major component ( revaluation) is one off but i beg to differ.

On a back of the envelope basis, my take is that UBA EPS going forward would sustain the upward of N8 per share going forward even without revaluation. The revaluation alone add over N800b to the bank asset which if invested in TB at average of 13% is over N100bn profit per year (without any cost) to the bank bottom line i.e. about 3.50 per share which if added to the normalised EPS (before revaluation) of about 4.5 per share would give about N8 per share going forward even without revaluation. Please note that this view goes beyond 2023 to as much as 3-4 years ahead (bar any major mishap from the management)

if 35% of the N8 per share is paid as dividend one would expect a dividend of at least N2.50 (both interim and final) which at N25 per share is a yield of at least 10%.

so i dont understand how any one would want to sell below N25, but to each mallam his kettle.

Selah

7 Likes

Re: Nigerian Stock Exchange Market Pick Alerts by BabsO2(m): 12:40pm On Sep 18, 2023
robobo:


really i dont understand how anyone that is holding this stock would sell it for less than 25 (half PBV)

Although it might look like the current performance would not be sustainable given that the major component ( revaluation) is one off but i beg to differ.

On a back of the envelope basis, my take is that UBA EPS going forward would sustain the upward of N8 per share going forward even without revaluation. The revaluation alone add over N800b to the bank asset which if invested in TB at average of 13% is over N100bn profit per year (without any cost) to the bank bottom line i.e. about 3.50 per share which if added to the normalised EPS (before revaluation) of about 4.5 per share would give about N8 per share going forward even without revaluation. Please note that this view goes beyond 2023 to as much as 3-4 years ahead (bar any major mishap from the management)

if 35% of the N8 per share is paid as dividend one would expect a dividend of at least N2.50 (both interim and final) which at N25 per share is a yield of at least 10%.

so i dont understand how any one would want to sell below N25, but to each mallam his kettle.

Selah

Going forward the EPS in Naira terms should be higher if the FX assets are working and not impaired. So if we do not see a step up in Q3 income streams it should suggest something is not right. If the income streams stay up from Q3, Q4 and 2024Q's then UBA has turned into a new beautiful chapter.

2 Likes

Re: Nigerian Stock Exchange Market Pick Alerts by ojesymsym: 12:40pm On Sep 18, 2023
Is this he who has been anticipated all these while or is he another?
robobo:


really i dont understand how anyone that is holding this stock would sell it for less than 25 (half PBV)

Although it might look like the current performance would not be sustainable given that the major component ( revaluation) is one off but i beg to differ.

On a back of the envelope basis, my take is that UBA EPS going forward would sustain the upward of N8 per share going forward even without revaluation. The revaluation alone add over N800b to the bank asset which if invested in TB at average of 13% is over N100bn profit per year (without any cost) to the bank bottom line i.e. about 3.50 per share which if added to the normalised EPS (before revaluation) of about 4.5 per share would give about N8 per share going forward even without revaluation. Please note that this view goes beyond 2023 to as much as 3-4 years ahead (bar any major mishap from the management)

if 35% of the N8 per share is paid as dividend one would expect a dividend of at least N2.50 (both interim and final) which at N25 per share is a yield of at least 10%.

so i dont understand how any one would want to sell below N25, but to each mallam his kettle.

Selah
Re: Nigerian Stock Exchange Market Pick Alerts by robobo: 12:46pm On Sep 18, 2023
BabsO2:


Going forward the EPS in Naira terms should be higher if the FX assets are working and not impaired. So if we do not see a step up in Q3 income streams it should suggest something is not right. If the income streams stay up from Q3, Q4 and 2024Q's then UBA has turned into a new beautiful chapter.

it might not immediately reflect in Q3 2023 but i would rather be patience to see the impact (of the addition to asset from revaluation) from q4/2023 to q1 2024, hence my statement that my view goes beyond 2023.
Re: Nigerian Stock Exchange Market Pick Alerts by ojeysky(m): 1:17pm On Sep 18, 2023
Wapco and intbrew are just deciding not to move sha. One will expect all the construction news to favour wapco

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