₦airaland Forum

Streetinvestor2:
Remove the A thr in FUZAG
That bank is just a vehicle for the past,present and future management of that bank for money laundry and enquiring properties for the ceo/management team.The late ceo finished his own part before unfortunate accident for university and other properties. The present is at it.The future one will still do same because that is the foundation made.

Why did you single out ACCESSCORP?

UNIBENDON:
Is First Bank better than Access Bank? First Bank management are even doing worse than Access Bank.Most companies management embezzle(that is,take their own share of the company's funds) by inflating cost of doing business.

You're so right!

ACCESSCORP has better dividend than First Bank.

yMcy56:
Long termers and fundamentalists are to see to that. 😁
...but I think at 30, First Bank was way undervalued amongst its peers.

Compliment Sir. 🙌

None of the FUZAG is supposed to be less than ₦ 100 if the stock market were to be 100% efficient. In most case,insiders determine the movement of stock prices.

awesomeJ:
@Mankind2024.

You should add the core factor to this first bank story you've been writing.

Many posts on it, yet not once have you mentioned Otedola's acquisition drive.

You make it seem like the only reason the stock has been climbing is cos it's solid.

That's not a complete story, in fact it's almost misleading.


If you think Access will have the same jump in the next 18 months solely based on results, you might be very wrong.


Some people take what you write very seriously, you shouldn't leave out core contexts like that.

The price appreciation in First Bank is mostly artificial and it was brought about by core insiders like Ote.! Same can be said about Ellah Lakes; the massive price appreciation is not as a result of any atom of fundamental qualities but was initiated by the insiders or promoters of Ellah lakes.

For the now,the major investors or insiders in ACCESSCORP do not want the price to appreciate.I think insiders are still buying from the secondary market and some of the insiders will get a large chunk from the forth coming private placement of ₦40 billion. Then when it is time,the insiders will surely bring about massive price appreciation of ACCESSCORP.

emmanuelewumi:
First Bank was my biggest holding about 20 years ago. First Bank is like a family bank to me.

My late grandma had a First Bank account, my father has a First Bank account, my late mom had a first Bank account, I have a first Bank account, my wife has a first Bank account, we have a First Bank joint account, I have a First Bank business account.

Unfortunately I have never been able to get a loan from first Bank even though I have acceptable collateral, yet they gave loans to people who refused to pay back their loans and even sued the bank.

First Bank na suegbe!(In Fela voice)

Bank wey e no know im work na suegbe o!

chimex38:
They have Kenyan bank capitalization compliance to meet as well.

That should be minimum of around ₦33 billion by the end of 2025. I don't think this should be a challenge.

Agbalowomeri:
ACCESS will not pay dividends until 2027 and you expect the share price to do 50%😂

And FBNH will pay 60Kobo to ₦1?

What took FBNH to ₦45?

I have suspected insiders are behind the stock manipulation of ACCESSCORP.

SonofElElyonRet:
Access Holdings Plc has secured shareholder approval to raise up to N40 billion in fresh equity capital through a private placement.

The lender disclosed in a corporate filing with the Nigerian Exchange (NGX) on Thursday.

The filing, signed by the company secretary and a director, disclosed that the approval was granted at the company’s Extraordinary General Meeting (EGM) held virtually on Thursday, December 18, 2025.

At the virtual EGM, members endorsed a sweeping set of resolutions authorising the board to execute the capital raise, restructure the company’s share capital, and engage selected investors.

This ₦40 billion capital private placement is definately insiders or those close to insiders trying to get large shares of ACCESSCORP at cheap price!

Now I know why the price of ACCESSCORP went down from ₦28 to ₦20.

After the fund raising,the share price will definitely move from ₦20 to like ₦30.

Princkez:
It will shock them...I still remembered that year FBNH was trading @#3, some were making fun of it but we were busy accumulating,see FBNH today....watch out for ELLAHLAKES next year.

Is FBNH better than ACCESSCORP? FBNH is gaining in price because of Ote wants it to gain in price.

Ellah Lekos may start making good profit if it is still around in 2035.

SonofElElyonRet:
If price is N13 with just N68m , what will it be when cash starts rolling in from the company about to be acquired and they start paying dividends as from next year as promised? Meanwhile Access with all EDUECO's boasting is knocking on N18 door?

Where are they going to make the profit from? Is it from selling pigs and chickens?

handsomebolanle:
Kommonnnn. This aint true.
N68m was made from sale on fresh fruit bunches na Abi Wetin dem call am.

Just putting the facts straight

What is ₦68 million ? This is very poor.

ACCESSCORP makes about ₦2.2 billion as profit everyday!

ACCESSCORP makes about ₦92 million as profit every hour !!

Ellah Lekos is still in incubation stage and ACCESSCORP has already attained maturity.

SonofElElyonRet:
You no know pass AI
Make we dey see

ACCESSCORP has more than 700 branches worldwide! And since the beginning of this week, ACCESSCORP has made real profit from rendering services to millions of customers worldwide.

Ellah Lekos has certainly not made profit from the production of palm oil and sale of live stocks and farm produces from its mediocre or audio farms this week!

Where are the Ellah kpekus investors?

Hopeville is the dividend of Ellah Lekos investors.

The Story of Ellah kpekus!

SonofElElyonRet:
Well.. one is gaining momentum currently while the other is losing..

ACCESSCORP vs Ellah kpekus

I think you're carried away by stock price

handsomebolanle:

EDUECO , they envy your 20naira dividend.

If person wey buy a lifeless stock like Ellah kpekus get hope! Then,why should ACCESSCORP investors be perturbed?

By 2035, ACCESSCORP annual dividend will be nothing less than ₦20 .

jonnysessy:
Access is not doing fine o. Access that i started acquiring since 2023, am still on average price of N20.65k. In today's present price am at a loss o. Yet, they didn't pay me interim dividend this 2025.

By 2030, it will be more than N80.

Ginalex:
Talking about dividend, as them no declare, how you survive am? the "10 years consistent dividend payment" criterion don scatter abi. Now na intrinsic value you dey hold on to . Pele dear

Not paying interim dividend does not imply full year 2025 dividend will not be paid.

handsomebolanle:
Where you see the Dividends it will get clearer.

Have you checked the past 15 years dividend history?

You think 15 years of consistent dividends is by chance?

Accesscorp is only for my dividend portfolio!

Ginalex:
Yeah. Tell that to the blind

You only see the small picture (current price) and I only see the big picture(intrinsic value: consistent earnings and dividends)!

crownprince2017:
So, you are happy people lose their money.

If you wished people bad, bad will never be far from you.

Note: I never at any point buy the said company stock.

I'm not happy,I am just surprised people still invest in junk stocks.

You done deny una Whatsapp group?

Ginalex:
Oga EDUECO, shey you no like focus on your Access bank stock wey dey bleed all this while?.. unfortunately for you, I'm not in the Asosavings canoe

Accesscorp is doing fine.

Even in the well,it is well!

Somebody shout a big hallelujah!!

My Accesscorp will soon experience bull and N2 dividend is sure.

Some village investors say na palm oil dey hungry dem to lick?

You no see Okomu or Presco ? You say na lekos wey the only earnings na hopeville!

faoogoke:
A few insurance companies have negative shareholders funds.

Negative shareholders funds is a no for me.

Agbalowomeri:
Many still dey buy Oando o

Oando na Maradona Oil Company.

pluto09:
Any financial institution with a negative equity should be a no no for an investor.
Those that bought ASO savings on NSE this Year are purely gamblers.

Not only financial institution; infact,any company without positive equity should be avoided.

Ladygracy:
Omo I remember coming here to ask about this Aso savings stock when I almost jumped in. Thank you to the people that discouraged me.

You bi want nack head for Aso rock!

Mankind2024:
The momentum that greeted the suspension lift by the NGX was what drove investors to board the Aso Savings train, and no one saw the breaking news coming.
The odds of double-digit profit were in their favour.
I'm sure you would have mentioned it here if your crystal ball or instrument was 50% predictive of the delisting and liquidation.

NB: I never had a zero unit of Aso Savings.

I still insist that the best crystal ball is the last 12 quarterly earnings. A company's past earnings can point to the direction of the company.

PETERiCHY:
https://www.cnbc.com/2025/12/16/crude-oil-prices-today.html?__source=newsletter%7Cbreakingnews


With the current falling crude prices
ASIndex will NOSEDIVE
So be ready to buy ACCESSCORP & OANDO @ Sub #15


BARGAIN HUNTERS TAKE NOTE!

I pray it should get to ₦5

Mankind2024:
@EDUECO, No one has a crystal ball, so don't blame anyone for not selling or bailing out. We all manage risk in our own way.
Far more wealth has been destroyed by selling too early than by riding through market crashes.

In most cases, investors have the crystal ball in the form of historical earnings
and dividends.

In this very scenerio of Aso Savings;the company has poor earning and dividend history. The poor earnings and dividends is the crystal ball or mirror!