₦airaland Forum

longlife20:
Presco is better and cheaper
Presco eps q3= N3.65k. Year to date N13.78k from N5.03k, currently selling for N89
Okomu eps q3= N2.17k. Year to date N12.16k from N5.24k, currently selling for N135

Was surprised with the PRESCO N1.0 interim dividend due 19th. Will pencil buying more for the long term. This is my best performing stock over the last 15 Years delivering over x10 return in the period. And it was never one of those stocks marketed by stockbrokers.

Transcorp pulled back by 2 kobo today. Is the rally over post fantastic Q3 result. I thought it would be at 1.20 by now. This market

lexy2lexy:
Gurus in the house, is there anyone familiar with Presco? While looking through their fantastic 3Q numbers, I noticed their borrowings increased by about N7B during the quarter i.e. N15.1B vs. N7.9B. Just wondering why they will be doubling their loan burden when they are generating so much cash. Also the cash on hand at the end of the period is N15B

On this forum it was mentioned they are acquiring Okitipupa Oil Palm. Don't know the progress.

Why the volumes makes sense now. Na him dey play the game. If stockbrokers don't get customers to buy he steps in to mop.

lexy2lexy:
Leave Babs o, Alhaji that has been buying back Dang Cement shares.

megawealth01:
Alhaji sabi game oooóoo

Stockbrokers will continue to market it as a buy recommendation abi

That will not happen. Where will the excess unproductive cash to buy back come from to buy an over-priced asset.

lexy2lexy:
Don’t worry Alhaji will do share buybacks

Princkez:
I think yMcy56 is right, I remembered when I entered AP then @20+ and later sold @220....I will always follow him,Dangote and uncle T.

AP soared from about N40 in 2006 to N300 in 2008 and by 2009 pulled back to where it started at about N40. What a huge loot for some traders.

gtrader:
Nice move. He can now take a loan of same 30B naira and nothing will happen. Good move.

This is potential future risks for FBNH where such games have been on in the past.

Loading Transcorp. A bet for continued good fortunes for the common shareholders. Projecting minimum EPS of 20kobo for 2021. Fingers crossed for the 3Q results.

yMcy56:
E Ku first bank oooo
Mopped up to 12.25.........another batch to take it up from there.
Lol.

This buyer is bringing some smiles to the market

locodemy:
Patience is good oooo
Transcorp at #1.
The journey is about to start.

Wait make I enter the bus below N1 now. Abeg driver reverse small. This rush to enter bus wey driver dey move small small get as he be.

Princkez:
seems they are not oooo,infact their force is increasing

Who dem be and why dem dey buy. ??

By COB yesterday close to N17b has changed hands in FBNH transactions. Getting close to half of the value of transactions so far this month on the NSE.

Raider76:
Indeed. Only good earnings and dividend moves prices sustainably. I am waiting for the pull back.

Pray no pull back O

Waiting patiently for the 9 months results to be released in about 2 weeks plus the management conference call that will follow. Hope the analysts that attend the call will ask better questions and management will not dodge about. Their dividend needs to jump to not less than N1.00 for it not to fall below N10 rapidly. At least they should be able to afford N1.00 dividend. Doing less will cause serious pull back.

Reaching N20 will be a pleasant great record for an elephant . It will need a minimum of N2.0 dividend to keep it up there. Looks tough.

yMcy56:
FBNH
These guys aren't joking!!!
Over N3 Billion staked within 15mins of market opening.......@12
First bank may end up reaching N20 or more if it continues like this......

megamart247:
Im already sitting on a decent profit on FBNH. I think Its time to sell 70% of my holding in FBNH and buy more Transcorp.

Waiting for Transcorp Take-Off. Purchased stuck small at N1.3 and further at 0.95K this year.

BabsO2:
Stockbrokers in the house and all. Please who are those moving FBNH up and why. Is recovery coming from a huge bad loan or someone or group just wants to take up a bigger position.

Perhaps just some big fund taking more position like was done in October and November last year when about 2 billion units changed hand. Only 1 billion units has changed hands this September in an earlier start this year compared to last year pattern of huge acquisitions.

yMcy56:
First Bank is giving ACCESS faithfuls hope.......

Courtville: No one wants to sell again........@41k full bid

Stockbrokers in the house and all. Please who are those moving FBNH up and why. Is recovery coming from a huge bad loan or someone or group just wants to take up a bigger position.

PETERiCHY:
By this time next month TRANSCORP will be in cloud 9

BARGAIN HUNTERS TAKE NOTE!

Amin !!!!

megawealth01:
AccessBank taking more risks than needed

I think they are. And those in the boat need to understand the risk.

Mpeace:
I am suspecting Union bank purchase. Recall the major investor in Union bank had expressed an interest to divest, and Access bank happened to be one of those thought to have made an interest in taking over Union bank. Zenith bank was also named.
In any case, its normal and common for companies including banks to takeup and repay Eurobonds although they do often name their reason for such. Access did not name what they intend doing with theirs.

They should not need dollars to buy Union bank. Cannot see how they will get future dollar cashflow through such purchase in dollars to payback the Eurobond in dollars. But won't be surprised if a calculated risk is being taking for such purchase. GT has not paid GDR dividends. There are currency risk issues if business cashflow is not sufficient in the expected currency of a transaction.

https://doclib.ngxgroup.com/Financial_NewsDocs/34132_ACCESS_BANK_PLC%20ACCESS_BANK_PLC_ANNOUNCES_ADDITIONAL_.pdf

Access raising another Eurobond to add to the one they issued earlier this month.

Please does anyone know what these banks raising Eurobonds are using it for ? So that one can understand potential future risks (or possible gains) to those in the Access boat.

OBAGADAFFI:
If you meet the qualification date your dividend will drop.

Zenith don't disappoint.

Bought months before the date. If i don't see it today the registrar will have to explain to me what happened

What is happening the Dividend for the Zenith I bought this year and filled e-dividend for never drop.

https://dailytrust.com/lagos-free-zone-emerges-first-issues-n10bn-non-fgn-bond

N10b worth of 20 Year Lagos Free Trade Zone Bond Priced at a 13.5% coupon rate. Was oversubscribed by institutional investors, including 11 domestic pension funds, two insurance firms, banks and HNIs.

My take: This looks like very good news about the Long Term for the Nigerian Economy. And tells me quality stocks with earning yields in multiples of 13.5% are good buys for an investors long term Naira Cashflows. And an excellent buy for the short term if the stocks expected dividend yield is currently above 10%

Lion123:
As if 1 USD is not going for thousands of shillings in Uganda and Tanzania. Nigeria is really not as special as we all like to think it is.

Compared to those African Countries, Nigeria had a big boost and still has some boost from Oil and Gas exports . This has created a large pool of educated people and Nigerian Experts, plus a few major businesses (like our Big Banks and Dangote Cement spreading into the rest of Africa) and pockets of funds, savings and investments here and there held by a large pool of people.

samguru:
The FUGAZ have released their Q2 2021 results and so far Access bank result is best.

My ranking

1. Access Bank
2. UBA
3. Zenith Bank
4. FBN
5. GTCO

All of them except Zenith reported a fat book value loss in "Net change in fair value of other financial assets FVOCI". Hence Zenith should be at the top. FBN is fairly ranked in my opinion. GTCO is more respected by investors for integrity of numbers. So cannot be at the bottom.

What financial assets valuation pulled the comprehensive income of these four banks down

currentprice:
Chai! Loco stock don suffer

No his objective is not based on certainty or quantum of dividend from Transcorp but to mine money from a bet (speculation) on likely price surge in the short to medium term. If Transcorp comprehensive income to shareholders continue to hold positive for full year 2021 as it turned positive in the last quarterly report. Mr Market will have no choice but to raise the price of Transcorp. 2020 book value per share of Trasncorp was 1.64. It's 2021 book value is set to rise if comprehensive profit to share holders stays positive in 2021. It is a jijo bet. Not a dividend hope.

leparj:
were is uba half year result? Did I miss it?

UBA sent letter to NSE yesterday that they submitted their Audited half year result to CBN on 17August. That they hope CBN will release it on or before 10th September. Hope interim dividend of at least 25K is included.

samguru:
Custodian interim dividend don land ooo

Yes O. And LASACO landed 30th August

samguru:
Good evening @Nigerialabalaba

If we want naira to be strong, we need to start exporting massively so that we can have more dollars.

You hit the strong point here
If we want naira to be strong, we need to start exporting massively so that we can have more dollars.

if we are serious Every Local Government needs to be contributing something to the GDP.

emmanuelewumi:
I said it before now, hope you enjoyed the ride while it lasted.

Yes I did enjoy the ride. I can even buy back what I sold at lower prices later

emmanuelewumi:
price was about N62 today.

Divide the value of today's transaction with the volume sold


N317,200 divided by 5076 units

The price is bound to go lower as it is not supported by earnings.