₦airaland Forum

Calebbold:
United Capital Q1 2022 result

https://doclib.ngxgroup.com/Financial_NewsDocs/35674_UNITED_CAPITAL_PLC%20_QUARTER_1_%20_FINANCIAL_STATEMENT_FO.pdf

Is this not too fast

sonofElElyon:
Dead wrong bro.. regretting I panic sold but win some lose some.. friesland wamco is my comforter.

I voted to Hold and watch as the underlying earnings has remained strong since 2021Q1 and continued gathering momentum till Q4. It was just the dividend that was painful.

Market looks good

yMcy56:
E Ku Market o.
E Ku earning season.

FIDELITY : Sighted @3.68........and the strength is still there......
NAHCO:. Sighted @5.40......and doesn't seems tired yet.......this coy gave one of the juiciest reward to shareholders this earning season......
WAPCO : Touched below 22 after markdown........sighted @22.95 as at now.....so far...
UCAP: Looks like any portfolio without this stock is now incomplete.........sighted @13.50..so far....
ZENITH : Gradually arriving KM 24..........
GTCO: Much accumulation ongoing .........presently @23.......touched 21.50 Ex-Div....
FCMB If you see Fidelity running Northwards, just know that FCMB will somehow give a chase.......... Qualification Date for Dividend is Thur 14th April.....
NGXGROUP : Lots of accumulation ongoing in this stock by some entities......

Last week dividends payout trickling into the market bargain hunting, thereby lifting the market lightly as postulated early last week.

GANDALF1:
I no sabi talk too much. Lets wait and see

We may talk and talk and create probable scenarios, only a prophet can predict its certainty. Better to have spare cash in case of a market dip which is a very possible scenario indeed.

dharpzee:
GTCO Dividend landed safely!!!!!!!!

Wapgod:
Is there a website that i can use to check the PE and PB of stocks listed on the NGX and the NASD?

Google for morning star website. They have a lot of free data on many liquid Naija stocks.

It's also very good to calculate yourself for stocks you want to buy.

https://nairametrics.com/2022/04/06/aieto-loans-uk-court-rules-in-favour-of-shell-afc-gtb-zenith-first-bank-others/

This looks like good news for these banks.

GANDALF1:
Wait until Tinubu is confirmed as the candidate of APC and potential president of Nigeria, then you will see the real pricing in.

I don't really think it's the confirmation of Presidential candidate for APC or PDP that will cause a downwards re-pricing. But rather further breakdown of law and order beyond what we are currently experiencing. There are more chances the atmosphere will improve.

Watching Ogun State Transportation Master plan live on Channels TV. The future is bright.

Looking closely at GTCO it may stay low till Q1 results comes out this month. If the results look good and departs from the poor outcome of last year, the price will not stay low again. If the Q1 is not exciting, it is bound to go further down till those dumping it finish (suspect 1 or 2 FPI's is dumping). If Q1 turns out good despite the election brohaha it will resist major price drop and instead creep up slowly as local bargain hunters cherry pick.

Generally, I think the election brohaha and the current country outlook is already priced into the current depressed valuation of most stocks, resulting in very low PE's and PB's. Should outlook change prices will start creeping up slowly. Pray outlook changes for the better and does not deteriorate further.

gbengafaro1986:
is there any possibly information about the delay in FBNH Audited 2021??

Only Unity, Union and FBNH outstanding.

Despite FBNH submitting since last week of January, CBN has not yet approved it.

Maybe it will be released with Q1.

arduino:
I go collect my own GTCO dividend from the market. Got some Afolabi units @N22.00

Some have started buying with reserve money since last week. As the reserve will be replenished from tomorrow.

lancee:
Payment Dates

Zenith ..6th Apr 2022 --- Sends N89 billion to shareholders

Uba ....7th Apr 2022 ----- Sends N27 billion to shareholders

Gtco ----8th Apr 2022 ----- Sends N79 billion to shareholders

This can cause the market to go up slightly as some investors try to use their dividends to go bargain hunting.

GANDALF1:
Visiting EFCC and taking naps there

Chai.

BabsO2:
A bull lifted the price

Where did this last hour FBNH bull of the first quarter go

GANDALF1:
Nnamdi Okonkwo held the Executive Director position until January 1, 2014, when he was appointed the Managing Director/CEO of Fidelity Bank. As the Managing Director, he oversaw the bank’s general activities. His tenure ended on December 31, 2019.

That means the good tide started with him. Where was he in the last two years ?

emmanuelewumi:
Looking at the annual report of Fidelity, earning growth is about 40% per annum from 2017 till date.


Dividend growth is about 24% per annum from 2017 till date.

This is awesome.

Is it the CEO under which this occurred that is crossing over to FBNH ?

Mpeace:
UPDCREIT: since those guys took over this company, it has been falling. Now they have declared a serious loss.
Once highly profitable company under UACN. Chai.

It started making very heavy losses under UACN. Looks like something is not really right in profitability of the property sector especially from their end. Perhaps smaller players under cutting them or the sector has issues with profitability.

Princkez:
What just happened in FBNH by 2.19pm

A bull lifted the price

GANDALF1:
if you are asking me for name, then my post is obviously not for you.

Zenith is on sales someone is dumbing. I guess remnants of FPI's whom still have a high proportion of Zenith shares.
Sales is going on in GTCO too.
UBA is not on sales as it seems no one is dumping persee. If dividend markdown is taken into view. It's like trading at N8.5 But Zenith post markdown has gone on sales. let me look for that website that has % of FPI. The last time I looked Zenith was the highest. Followed by GTCO with UBA following closely.

Mpeace:
Total have since released unaudited result which was quite fantastic. 711% increase in profit after tax. With eps moving from 6naira to 49naira. Its hard to tell why they are leaving. Something tells me its the foreign investors leaving after the terrorist attack on rail stations, airports etc and nature of things in the country.

That should present more buying opportunities for local investors then. Especially those that were praying for the price not to leave the N240 range. Their prays may have been answered. And may even get it lower

pizapato:
Total on full offer.

Could it been that some people have seen the result

Not impossible

Looking at the price trend of Transcorp. The Price went up the whole of February. With a peak of N1.34 during the day of Thursday the 24th. As if the word was oozing out that a good result has been baked. Could crystal ball gazers using TA with or without connection to stock-trade execution systems spot this apart from those acting on any spills from internal accountants and external auditors.

But by Monday the 28th of February the price started going down. The board meeting that was to hold the next day 1st of March was cancelled. The public were notified I guess at the close of business on Tuesday that the board meeting was cancelled. But somehow the price even started dropping a day ahead of this notification to the public.

The price continued it's downward journey till Friday the 25th of March with a closing price of N1.07. The public got the results and dividend announcement after the close of business of this Friday the 25th of March.

For Transcorp, seems some people acted on the good results that was not yet released to the public that they got wind of using TA or whatever. And also acted to exit on the poor dividend payout proposed by management somehow ahead of notification to the public.

For Total perhaps some have got wind of not too good results or are just speculating using TA etc.

BabsO2:
That 2k dividend proposed is painful. They need to review it to at least 5 kobo.

But that EPS of 34K looks really good.


Book value also got upward review through revaluations. Book value per share is now solidly above N2.20. Quarter on quarter earnings per share is going up. Debt also going down gently. Will HOLD. And watch how next week pans out. And wait for 2022 Q1.

Two days of TRANSCORP trading gone post report release.

Watching Mr Market's first 5 days public Judgement.

Looks like most of the sell off even took place weeks before the results was made public.

Mpeace:
They should go after their debtors as well. I know for a fact that most Electricity distribution companies in the Southern part of the country and the federal government owe Transcorp in billions

Is the expected money from debtors in anyway reflected in the annual reports as operating profits and housed under assets.? Or they are not yet reflected in the annual reports. ?

Looks like they are already captured in the huge current assets of "Receivables from third-party customers" of N68 billion. But their current labilities of trade and other payables has climbed up to N135billion from N80billion. So they equally owe people more than what customers owe them. Overall current assets exceed current liabilities, which is good.

Mpeace:
https://doclib.ngxgroup.com/Financial_NewsDocs/35385_TRANSNATIONAL_CORPORATION_OF_NIGERIA_PLC%20_AUDITED_FINA.pdf
Transcorp is finally here. Them don become mid night crawlers. Its clear they have sold before releasing this result.
PAT and eps appears to be awesone 23.8billion and 34kobo respectively, but dividend(2kobo) is clearly unreasonable.
My gamble stock clearly shows itself as a useless stock. I go sell on monday.

That 2k dividend proposed is painful. They need to review it to at least 5 kobo.

But that EPS of 34K looks really good.


Book value also got upward review through revaluations. Book value per share is now solidly above N2.20. Quarter on quarter earnings per share is going up. Debt also going down gently. Will HOLD. And watch how next week pans out. And wait for 2022 Q1.

Nigerialabalaba:
Hahaha....Fbnh don suffer. Me I no dey touch fbnh since I discover say dem directors na Alibaba and d 40 thieves

Wen I ask my trusted persins wetin dey shelle inside fbnh before I put my kala ,I won faint. Even pensioners wey die for active service dem no pay dem families
Dem yarn me and show me proof how Flakky Ani mumuni dey use her husband sponsor Digitial Banana wey Keji Giiwa be figurehead dey cash out daily like kilode as I dey type so yet CBN do sabi shishi!

D free money inflow wey dem dey cash out daily for digital banana alone pass ur dividend 1 million times yet cbn no see am. Dem show me say conduits like digital banana wey dem directors dey use plenty pass kilode! I just weak ni as I remember how dem experts hia dey do calculations,analysis & permutations

Dat na why dis Otedola take over sweet my belle and I hope say Otedola go send dem corrupt directors all away after sacking dat Kehinde Kosoko.

Fbnh stink from hia reach heaven and dat dem MD need to go before dem send Otedola,DJ cuppy Papa, back to Epe.

Fbnh na cesspit of corruption and corporate daylight robbery unless cbn and efcc do dem work wella.

If efcc and cbn sabi dem work,Ani mumuney, Adeduntan, Kosoko & co suppose don go teytey before dem consolidate so tey go hire topgun efcc customer dada Nnamdi Okonkwo,as MD.

if u wan buy bank, buy gt,zenith and fcmb/fidelity, no buy fbnh, until otedola send dem corrupt directors packing,

D corrupt directors wey Oba and Awoskia empower don wreck d company aswear2gud but future of fbnh still dey bright.

if i get my way,I go tell u say make u no buy fbnh until dos directors go or repent.

Igi pawpaw o ni wo pawa o.

I nearly felt like putting the EFCC need to invite their directors in my write up. But I told my self wetin I know other that FBNH enjoys strong cash flow from interest and non interest income that gets guzzled up and somehow never get translated into profits. This your insight and thoughts umm. That means Otedola on board may translate these cash flow into profits if he can get things straightened up through his influence. And in the process grow his investments in FBNH for his benefit and that of the common shareholders wey dey inside the bus looking through the window enjoying breeze . Many don commot give him seat. And him still dey buy more more.

gbengafaro1986:
i hope the price push in FIDELITYBK is optimism towards a very good FY Result, Whats really holding FBNH?

Regarding FBNH. Looks like CBN has a lot of questions that management haven't addressed properly. The bank has too much leakages of revenue. The management need real scrutiny for fraudulent activities. Especially with the reason given by Remi Babalola for leaving abruptly.

Ades1:
Same here. This is after Africaprudential assured me my mandate was taken care of

I am still hoping they're sending the largesse in batches and it's not my turn yet

Maybe its bank by bank. And one or two banks may have a little internal go slow. I think we should only worry if we do not see it latest by COB tomorrow.

Wapgod:
Will the raising of additional tier 1 capital dilute existing access bank shareholders?

It shouldn't, because if the money is working hard as per strategy it should deliver value.

However one has to be careful with calculating entitlements to shareholders and not erroneously take the additional capital and income from its deployment as belonging to shareholders. And when computing profit attributed to shareholders or EPS to ensure what is due to these tier 1 capital owners has been correctly accounted for.

BabsO2:
That N4.58 EPS is over stated. Not all of it belongs to shareholders. It needs to be corrected for non controlling interests and for the entitlements of Additional Tier 1 capital owners. The bank issued additional tier 1 capital of $500m (translated as N206.4b) in the year.
Also total dividend comes to N1 when interim dividend of 30kobo is added.

The true earning per share (to holders of shares) is about N3.6

Looks like ACCESS bank is the first to raise additional tier 1 capital through instruments other than shares. That N4.58 EPS stated on their issued annual report will fool some people.

Mpeace:
Access bank: Despite an eps of N4.58, all they can give is 70kobo. No be juju be that?
Waiting for Fidelity sha.

That N4.58 EPS is over stated. Not all of it belongs to shareholders. It needs to be corrected for non controlling interests and for the entitlements of Additional Tier 1 capital owners. The bank issued additional tier 1 capital of $500m (translated as N206.4b) in the year.
Also total dividend comes to N1 when interim dividend of 30kobo is added.

The true earning per share (to holders of shares) is about N3.6

gbengafaro1986:
Access Has declared 70kobo

This brings total divided to N1 when the interim dividend of 30kobo is added