Designking's Posts
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Aradel downward trend seem to be slowing. The seller didn't come to market today? Or has he ran out of sell volumes? |
ogoo4real:What is the price of Aradel right now? |
UBA's Q3 2024 Financial Analysis: A Steller Performance UBA has reported a remarkable financial performance for the Q3 2024, showcasing robust growth across several key metrics. The bank's gross earnings surged by an impressive 83.33%, rising from N1.308 trillion in Q3 2023 to N2.398 trillion in Q3 2024. This stellar performance highlights UBA's strategic initiatives and operational efficiency in the challenging economic environment. However, a significant driver of UBA's revenue growth has been the dramatic increase in interest income, which soared by 170.0%, reaching N1.799 trillion compared to N666.3 billion in the previous year. This surge reflects the bank's effective lending strategies and the increasing demand for credit facilities amid economic recovery. Conversely, non-interest income faced a decline of 24.1%, dropping from N574.54 billion to N435.84 billion. This downturn is attributed to include reduced transaction volumes and competitive pressures in the banking sector. Nevertheless, UBA's strong interest income compensated for this decline, underscoring the bank's reliance on its core lending activities. Though the operating expenses rose significantly by 119.0%, increasing to N812.2 billion from N370.9 billion. This escalation is linked to investments in technology and infrastructure aimed at enhancing customer experience and expanding market share. Despite these higher costs, the bank reported a 20.2% increase in profit before tax, climbing from N502.1 billion to N603.5 billion. Similarly, the profit after tax saw a healthy increase of 16.9%, rising to N525.3 billion from N449.3 billion. The growth in profitability, despite rising expenses, speaks of the company's strategic position and effective management practices that have allowed it to maintain a healthy bottom line. While, on other hand, UBA total assets surged by 95.9%, reaching N31.801 trillion, compared to N16.235 trillion in the same period last year. This growth reflects the board's commitment to expanding its asset base and enhancing liquidity. The bank's loans and advances also saw a notable increase of 53.7%, rising to N7.78 trillion from N5.07 trillion. This expansion in lending signifies UBA's strong market presence and its ability to meet growing credit needs of its customers. Customer deposits experienced a staggering increase of 97.5%, moving from N11.63 trillion to N27.10 trillion. This influx of deposits not only strengthens UBA’s balance sheet but also provides a solid foundation for further lending and investment activities. The bank’s shareholder funds rose by 101.6%, reaching N3.59 trillion from N1.78 trillion, indicating robust capital growth that support future expansions. Earnings per share (EPS) also improved, increasing by 14.3% to N14.78, up from N12.93. This positive trend in EPS is a strong indicator of UBA’s commitment to enhancing shareholder value. Therefore, looking ahead to Q4 2024, UBA is well-positioned to capitalize on its current momentum. The anticipated economic environment, characterized by recovery and growth, presents numerous opportunities for the bank. With the recent expansion in loans and a solid deposit base, UBA can leverage its financial strength to capture market share and drive further profitability. Analysts are optimistic that UBA's potential to sustain its growth trajectory, particularly if the bank continues to innovate and adapt to evolving market dynamics. The possibility of an increased dividend, following the N2 interim dividend paid in the Q2 2024, is a topic of discussion among investors. Given the bank’s strong earnings performance and solid balance sheet, a higher dividend payout in the near future seems plausible. As UBA's Q3 2024 financial results emphasis its resilience and capacity for growth in a competitive landscape. The impressive rise in gross earnings, coupled with robust profitability metrics and asset growth, positions the bank favourably as it moves into the final quarter of the year. Stakeholders look forward for UBA to sustained performance and the potential for enhanced returns as it continues to execute its strategic vision.
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delvzy:Aradel is a rare opportunity for discerning investors. The stock is fundamentally sound and the current price makes it grossly cheap. |
Aradel Holdings Faces Mounting Pressure Amid Bearish Trends
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BabsO2:Does it mean if I have 100,000 units of FBNH shares, I will now have 600,000 shares given the ratio of 1 to 6? |
How do rich people survive in the East. Once you have money in the East, your life is in danger. |
bolton08:If this true, then Aradel is a priced jewel to hold. Hopefully if it dips around 10% tomorrow, I am buying another 1,500 units |
Harvestock01:It is fun catching a falling knife with a full iron shield. |
yMcy56:Hopefully it will dip further to ₦360 tomorrow. The deeper the merrier. |
pluto09:And how is that your concern? |
Market has opened.... Hoping to see Aradel drop another 10% today so that I can load my major stake. How much did Aradel opened today? |
Ades1:Yes ooo. We ain't scared... We keep buying every major deep until we run out of funds. Aradel will deliver the next big money after Oando on the NGX. The dipper it falls the merrier the returns. |
USAfall2024:I pray it opens at ₦401 on Monday. I suspect a slight pull back around that price ₦401. We might not see a full bid (-10% dip) on Monday. |
KarlTom:I have taken a lot of profit from Oando. Over ₦5million profit and the ₦2million worth of Oando stock I have will remain there till 2031. My current pre-occupation is Aradel. I am very much interested to learn more about Aradel. Oando is a settled deal. It will definitely hit ₦150/share before close of Q1 2025 though I am not adding any further units to what I already have. I have invested ₦2million on Aradel and I am hoping to complete the btotal investment of ₦5million as it dip further. So tell me more about Aradel.
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megawealth01:Let's talk about Aradel. I prefer this Aradel talk than Oando. Will Aradel fall further on Monday or will it pull back? |
ednut1:Dey are not accusing her but her mother. |
BullBearMkt: ![]() |
emmanuelewumi:But you dey shake everywhere... It is you against Oando fans on this thread since the report came out. Oando FC has the highest and most loyal shareholders on this thread. Oando made me more money than any stock I have ever traded on this thread. I am hoping Aradel will do wonders hence I am hoping it drops to ₦200/share because I am certain it will do ₦1,000 before the close of Q2 next year. |
emmanuelewumi:This is becoming a personal attack against Oando... Hope you don't have a personal grudge against this stock. Anyway Oando of 3years ago is not same as 2024. Oando currently enjoys a lot of preference and also its recent acquisitions has placed it in a vantage point. The books might not reflect the progress right now but the future seem very bright for at least till 2031 when its main sponsor (President Tinubu) leaves office. For now let's enjoy the #1 performing stock on the NGX. |
Contrary views help balance the discussion for informed investment decision. |
Over 90% of Nigerians living in Lybia are from the Eastern part of Nigeria. Majority of Easterners probably supported Libyans action against Nigeria but they are still the ones been arrested. |
The Tinubu led government is just "anywhere belly face". Very direction-less and uninspiring. |
osuofia2:What a calamity. |
But Wigwe has grown up kids and a wife. I thought the kids and the wife should take control of their father's asset |
ProphetUtuocha:Your prophesy has always been correct... You spoke about Oando, it happened and you warned about Aradel it also happened. Many are trapped in Aradel and those without deep pockets are not able to average down. |
Oando don finally arrive. It will be a weekend of thorough analysis. |
Harvestock01:Yes ooh... Every die na die. No retreat no surrender. It is a gamble I am willing to take. I have a gut felling it is going to bounce back before close of the month. It is more profitable to me if it keeps Deeping 10% daily till it gets to ₦150. |
SonofElElyonRet:Yes. I initially wanted to invest ₦5million on Aradel but held back after it was listed on NGX. I planned entering from ₦500/share and I have been going in ₦500k+ every time it dips 10% till I exhaust the ₦5million. If it dips 10% on Monday, I will go in again. It is a risk/gamble I am willing to take. |
jonnysessy:That is my prayer. I have been buying 1,500 units every time it dips 10%. The downward trend is only caused by sellof by a major shareholder. The fundamentals remains intact. Aradel is still a very good share to have. |
ProphetUtuocha:You got the prophesy right. You warned about this Aradel and today the street is filled with tears and pains. It is now daily -10%... Aradel dropping from ₦800 to ₦150 will be a shocker |
unite4real:That might smash Aradel share price to pieces. It might even fall below ₦100 if this is true. |