UBA has made me so happy today. Eid Mubarak

F.U.G.A.Z. 2023 FYE AUDITED RESULTS
FBNH
??
UBA
https://doclib.ngxgroup.com/Financial_NewsDocs/40882_UNITED_BANK_FOR_AFRICA_PLC-_QUARTER_5_-_FINANCIAL_STATEMENT_FOR_2023_FINANCIAL_STATEMENTS_APRIL_2024.pdf

GTCO
https://doclib.ngxgroup.com/Financial_NewsDocs/40874_GUARANTY_TRUST_HOLDING_COMPANY_PLC-_QUARTER_5_-_FINANCIAL_STATEMENT_FOR_2023_FINANCIAL_STATEMENTS_APRIL_2024.pdf

ACCESS
https://doclib.ngxgroup.com/Financial_NewsDocs/40621_ACCESS_HOLDINGS_PLC-_QUARTER_5_-_FINANCIAL_STATEMENT_FOR_2023_FINANCIAL_STATEMENTS_MARCH_2024.pdf

ZENITH
https://doclib.ngxgroup.com/Financial_NewsDocs/40877_ZENITH_BANK_PLC-_QUARTER_5_-_FINANCIAL_STATEMENT_FOR_2023_FINANCIAL_STATEMENTS_APRIL_2024.pdf

Mpeace:
I wonder why gtb sells higher than zenith. Forget about the whole OS thing.

Lol. Maybe investors looks beyond revenue or PAT alone.
ZENITH may first do initial gra-gra, still come soft pedal for its Oga-on-top
Let's see how market reacts to the results in coming days....

Overall, f.u.g.a.z. really tried this time around.......waiting for the "F" result as well.....

9free:
Meaning all those EPS from them na audio .
From next year, na to begin deduct N12 from the declared full year EPS of FUGAZ and have my peace.

Oga, enjoy these ones first.......next year will take care of itself
Na so people talk different things last year but this year is even more better.

When is Sterling bringing out their results? Who knows?

AGM Date for UBA?

Camoready:
AGM Date for UBA?

Not yet out.

[quote author=jelmusboy post=125946312]

Hello Bro , are you currently at Morgan state Uni??

Mpeace:
I wonder why gtb sells higher than zenith. Forget about the whole OS thing.

I think it boils down to GTB's historical superior efficiency. Such ratios as RoA and RoE come to mind.

#Credits for the attached tabular comparisons of Access, GTB and Zenith goes to @Rufyb on X.

Please, does anyone know the percentage of assets of Nigerian banks with foreign operations that are domiciled outside Nigeria? This will help with valuations, with respect to the naira exchange rate fluctuation.

For instance, the better Assets growth rates of UBA (first) then Access vs Zenith may boil down to that.

Image credits: Nairametrics

chillykelly86:
Please, does anyone know the percentage of assets of Nigerian banks with foreign operations that are domiciled outside Nigeria? This will help with valuations, with respect to the naira exchange rate fluctuation.

For instance, the better Assets growth rates of UBA (first) then Access vs Zenith may boil down to that.

Image credits: Nairametrics

quick look to annual report/ audited or unaudited financial statemenet (whichever you can lay your hands on) into the banks of your interest annual report should give you an answer to your question . E.g Access bank go through it's annual report between page 101- 108 they usually state asset and liability exposure, credit risk , equity risk,etc. You can also look at the financial instrument Fair value tables to get an idea of their valuation system of their asset home and abroad to give you an idea of what they are exposed to.

be mindful that some acquisitions may not show up if the deal has not been ratified by appropriate regulatory bodies.

Hogwarthtrades:


quick look to annual report/ audited or unaudited financial statemenet (whichever you can lay your hands on) into the banks of your interest annual report should give you an answer to your question . E.g Access bank go through it's annual report between page 101- 108 they usually state asset and liability exposure, credit risk , equity risk,etc. You can also look at the financial instrument Fair value tables to get an idea of their valuation system of their asset home and abroad to give you an idea of what they are exposed to.

be mindful that some acquisitions may not show up if the deal has not been ratified by appropriate regulatory bodies.

Thanks a lot for this.

https://businessday.ng/business-economy/article/naira-jumps-to-8-month-high-of-1120-as-dollars-flood-black-market/

Naira now N1,120 to dollar.
Funds previously in dollars speculation should flow into stock exchange hopefully

WEEKEND RESEARCH;
To all who wish to take part in this short-term educational-based research, feel free to contribute.

THEME; FINDING WONDERFUL COYS ON NGX THAT ARE FAR BELOW THEIR INTRINSIC VALUE

The question I'd like to put for is this; Based on the given metrics below, what stock or stocks have a high intrinsic value?
1. Return on Net Tangible Assets (RONTA)
2. Return on Equity (ROE)
3. Profit Margin
4. Earnings per Share (EPS)
5. Debt to Equity
6. Free Cash Flow (FCF)
7. Capital Light i.e Businesses that do not necessarily require extensive capital to operate.
8. Retained Earnings

DISCLAIMER
This exercise is for educational purposes to the general public. This shouldn't be tagged as financial advice

yMcy56:

Qualification Date: A date in which shareholders who owns shares in a particular stock will be qualified to receive Dividend

Qualification Date is determined by each Company......and it varies from Company to Company

Example of DIVIDEND info from ACCESS attached...
Registrar is Coronation Registrars

In the case of access, closure and qualifications will be end of trading tomorrow right?

delvzy:
WEEKEND RESEARCH;
To all who wish to take part in this short-term educational-based research, feel free to contribute.

THEME; FINDING WONDERFUL COYS ON NGX THAT ARE FAR BELOW THEIR INTRINSIC VALUE

The question I'd like to put for is this; Based on the given metrics below, what stock or stocks have a high intrinsic value?
1. Return on Net Tangible Assets (RONTA)
2. Return on Equity (ROE)
3. Profit Margin
4. Earnings per Share (EPS)
5. Debt to Equity
6. Free Cash Flow (FCF)
7. Capital Light i.e Businesses that do not necessarily require extensive capital to operate.
8. Retained Earnings

DISCLAIMER
This exercise is for educational purposes to the general public. This shouldn't be tagged as financial advice

Which website can you find this fundamental metrics of Nigerian companies please?

Penboy:


Which website can you find this fundamental metrics of Nigerian companies please?

I make use of Investing(dot)com as well as the company’s report as well as Trading View. There are others out there though.

Feel free to look for the ones that best suit you.

delvzy:
WEEKEND RESEARCH;
To all who wish to take part in this short-term educational-based research, feel free to contribute.

THEME; FINDING WONDERFUL COYS ON NGX THAT ARE FAR BELOW THEIR INTRINSIC VALUE

The question I'd like to put for is this; Based on the given metrics below, what stock or stocks have a high intrinsic value?
1. Return on Net Tangible Assets (RONTA)
2. Return on Equity (ROE)
3. Profit Margin
4. Earnings per Share (EPS)
5. Debt to Equity
6. Free Cash Flow (FCF)
7. Capital Light i.e Businesses that do not necessarily require extensive capital to operate.
8. Retained Earnings

DISCLAIMER
This exercise is for educational purposes to the general public. This shouldn't be tagged as financial advice

Capital light businesses usually have grow wealth at a faster rate

CAPEX/Net operating cash flow of 15% and below or CAPEX/Revenue of 5% and below .


They are capable of converting most of their net income and net operating cash flow to Free Cash Flow

GEREGU POWER DIVIDEND...✔️

Agbalowomeri:


I am waiting for the bottom in November 😂
You know I like yansh😂😂😂

emmanuelewumi:



Capital light businesses usually have

CAPEX/Net operating cash flow of 15% and below or CAPEX/Revenue of 5% and below .


They are capable of converting most of their net income and net operating cash flow to Free Cash Flow

Dropped this in a screener, and got 21 companies.

What do you think?

chillykelly86:


I think it boils down to GTB's historical superior efficiency. Such ratios as RoA and RoE come to mind.

#Credits for the attached tabular comparisons of Access, GTB and Zenith goes to @Rufyb on X.

Can this be done for the 5 fugaz banks? Thanks

SetrakusRa:


Dropped this in a screener, and got 21 companies.

What do you think?

Consider the average 5 years trend, profitability of the business and earning quality.


Instead of dropping in a screener, I will do it manually for stocks on my watchlist.


Some of the stocks that appeared on the screener are dead.

Capital intensity of a business is also dependent on the industry. You can't compares the capital intensity of Julius Berger with that APR

chillykelly86:
I think it boils down to GTB's historical superior efficiency. Such ratios as RoA and RoE come to mind.

#Credits for the attached tabular comparisons of Access, GTB and Zenith goes to @Rufyb on X.

I think Mr. Market just have a way of placing these stocks in their respective positions......but, looking at this comparison, I think ACCESS is grossly undervalued compared to the prices of GT and ZEE.

If only we can see UBA and FBNH on the table as well.

Thanks for this table. Very informative.

ojeysky:
In the case of access, closure and qualifications will be end of trading tomorrow right?

It must have been marked down already.
Closure may now be today anyway, because of the holidays.

yMcy56:

It must have been marked down already.
Closure may now be today anyway, because of the holidays.

So anyone that buy today does not qualify?

yMcy56:

I think Mr. Market just have a way of placing these stocks in their respective positions......but, looking at this comparison, I think ACCESS is grossly undervalued compared to the prices of GT and ZEE.

If only we can see UBA and FBNH on the table as well.

Thanks for this table. Very informative.

Grossly undervalued but they are too stingy with dividends.

SetrakusRa:


Dropped this in a screener, and got 21 companies.

What do you think?

I will advise you to do it based on sectors rather than just making comparisons haphazardly.

For the return on net tangible assets (RONTA), look for one with at least 20%.

Use the formula;
RONTA = Net Income / Net Tangible Assets

To find the [b]Net Tangible Asset [/b]use;
Total Assets (-) Total Liabilities (-) Intangible Assets

Pls any pointers as to what to expect from FCMB? I noticed not much is discussed asbper the viability of this stock at its current price.

vacanci:


Grossly undervalued but they are too stingy with dividends.

With all that acquisition, why shouldn't they be? Well, let's see if that will slow down for now and if returns by H1 will prove a point.

Good beautiful Friday swift morning to all!! Mid-term breaks are over!!

ojeysky:
So anyone that buy today does not qualify?

Why wait till today when qualification Date was 10th April?
You can only buy for Capital appreciation.

Ding!