₦airaland Forum

In all that I do in life,I don't over pay for any goods or service.

Money for 10 phones ,one person go use am buy one Samsung fold or Iphone 17 or 16

Land of ₦1000,000 some persons go buy am for ₦20,000,000.

Stocks of ₦200 some people buy am for ₦1000

sboga:
OMO
dis place na d place to discuss d most usless toks
na intrisick val fo d gebe-goo no reach 50 naira
d ting is a scam same like fo
dose days d maga use am cash out become billionarire
dose wey no dey no
kontinue

And d Geregu moved from N100 in 2022 to over ₦1000 in 2024.

Geregu is not supposed to be more than ₦200 This one na confirm Yahozee.

There is Yahozee in NGX !

emmanuelewumi:
The market price can be 10 times or more of the shareholders fund and still be underpriced.

It depends on the Return on Equity, future earning growth rate, the spread between the Return on Invested Capital and the required return .


Another stock can sell below the book value per share but overpriced

From this your exposition,then GEREGU and BUA Foods are undervalued.

emmanuelewumi:
Based on the Return on Equity and expected earning growth the Price Book Value should not be more than 5, but the Price Book Value should be close to 15.


It is a wonderful stock but the price does not make sense, Transcorp Power is cheaper

But Transcorp Power is also overpriced at current market price! Its shareholders' funds is less than the market capitalization.

emmanuelewumi:
I know it is overpriced. I don't have the stock but I don't think the intrinsic value should be more than N500

I know you as an apostle of ROE(return on equity). Geregu has excellent return on equity.

GEREGU has a ROE of about 39% at H1 2025 and the dividend is nothing to write home about.

I still hold the view that before an investor buys the stocks of any company he or she should compare the market capitalization to current shareholders' equity in order not to over pay for it.

In conclusion,an intelligent investor should never over pay for an investment.

vacanci:
It's like you just heard of that word "INTRINSIC VALUE"

You make it sound like it is for select stocks, or are there companies without intrinsic values?

GEREGU at over ₦1000 has low intrinsic value because it's overpriced.

PETERiCHY:
If we (BARGAIN HUNTERS) make PROFIT and sell to REPURCHASE at LOWER price they called it (JIJO) but when the so called (LONG-TERM HOLDERS) CUT their LOSSES due to OVERHEAT they called it (PORTFOLIO REBALANCING)

BARGAIN HUNTERS TAKE NOTE!

ACCESSCORP has intrinsic value and it's highly undervalued!

ACCESSCORP has the best loan book.

SohSoh:
I'm going too gbas gbos .. ya'll favorite baby Ellah Lakes
But I know alot of people will come for me... na why i dey go Offline

1:: Ellah Laks is overpriced
2:: Fundamentally Ellah Lakes should be a penny stock cos the Financials are terrible
3:: They have never paid dividend the same way... they have never produced any palm oil

I'll stop here.... there are no positive thing using Fundamentals... to write about Ellah Lakes.... only good thing is the price appreciation from 3 to 15


Anyways I'm going offline make una write weytin una wan write

Ellah Lake Fake Company

Ellah Lakes Changed Their Office Location in Benin lol why are they running

I support you 100%!

At the moment Lekos is like a liability!

Agbalowomeri:
Are banks sympathetic to ACCESS

Intelligent investors rebalancing their banking stocks portfolio.

For the now , ACCESSCORP is the cheapest and most valuable banking stocks!

Lion123:
Holding Geregu shares come be like joining cult. You no fit leave and renounce. I've made like 300% percent on paper but I am unable to sell. Simply no takers. I've been left with the bag.

Any where you see Ote always be extra cautious!

PETERiCHY:
ACCESSBK Value Zone is @t circa #15 else whatever you see you take,

Meanwhile ACCESSBK shell-holders rightnow

BARGAIN HUNTERS TAKE NOTE!

I'm still waiting at your ₦15 junction!

You go wait for 1000 years

While intelligent investors are busy struggling to purchase some units of an international bank like ACCESSCORP; the uninformed investors are busy over analyzing the intrinsic value of ACCESSCORP.

I have no time for vindictive and uninformed baby investors who are always ready to castigate my noble contributions.

unite4real:
When I see your footprints all over the place, I think say u sabi something but you go sabi mislead people. On top that, you seem to be the type that thinks to know all and don't want to learn. Continue your ignorance with confidence. You cannot use shalaye learn anything. If you calm down you will gain a lot here. I do not know how to argue. Goodbye

Oga Nigerian Professor of Finance,I'm still waiting for you to tell us the intrinsic value of ACCESSCORP.

Na Professors like your type full UNILAG,UI,OAU,ABU,UNILORIN,UNIBEN and UNIPORT.

LadyCaplin:
So in all of this, is AccessCorp a good buy or nah?

No,it is a bad buy!

Just wait until it gets to ₦2


If First Bank is selling above ₦30 ;from common sense ACCESSCORP at below ₦30 is a bonanza.

unite4real:
bros, na Book value u dey calculate so o.

That is not how to calculate intrinsic value. It is not so straight forward.

make effort to unteach those that you have thought this formular

Oga I too know I greet you !

By using Discounted Cash Flow,it is even more than ₦71!

Oga Nigerian Professor of Finance,please tell us the intrinsic value of ACCESSCORP.

packman:
How did you arrive at an intrinsic value of 50 Naira. Chief

When you divide the shareholders' funds by the outstanding number of shares.

Intrinsic Value= ₦3,834,000,000,000 ÷ 53,317,838,433

= ₦71.91

vacanci:
When NB and MTN and Cadbury were in bad shape due to poor results. Smart guys bought into those companies and did over 200%.

Most people are waiting for Access to get to their entry level but the stocks market has a way of disappointing people.

Access intrinsic value is up to N45. Book value is above N70. Fair value around N50. Worst price it can get to should be N20 but smart enteries won't allow it get there.

These are even company(NB,MTN and Cadbury) that declared loss for a full financial year.

None of the above has paid dividends consistently in the last 10 years.

Access Bank is an international financial behemoth. The intrinsic value of ACCESSCORP is above ₦50.

Utalinmou:
It is better to buy a good business at a fair price than buying a drowning or mismanaged business for cheap.

You're wrong !

ACCESSCORP is a good company.

Last 10 years dividend history has been great.

ACCESSCORP has never declared a loss for full financial year in the last 10 years.

emmanuelewumi:
Not awesome in this economy.

You should target a minimum ROE of 20%, a company like Presco has ROE of about 80%, while Nahco has ROE of about 60%

In my trading account;through portfolio rebalancing,I have made more than 50% just through my darling ACCESSCORP! You can deduce I have defeated inflation.

Folks here call it jijo,but I call it portfolio rebalancing!

I have mastered the price movement of ACCESSCORP.

While others see ACCESSCORP as dirt,I see it as gold.

KarlTom:
Are these words aimed at salvaging ACCESS or you simply want to be heard...

I think you cannot see the hidden value in ACCESSCORP. It is like the scenario where the glass is half full or half empty.

I hope the price can fall to ₦10 next week so that I can buy more units.

Agbalowomeri:
11% in banking sector? Anything less than 20% is not manageable

11 is not bad and I know it will get better.

emmanuelewumi:
H1 PAT of N216: billion, shareholders fund of N3.8 Trillion.

Assuming full year PAT will be N430 billion, the will give a Return on Equity of 11.3%

I know ₦550 billion PAT is attainable for 2025 financial year.


Even a ROE of 11% is awesome!

Agbalowomeri:
With ROE of 11%?

Q2 2025 result took it to 11%,it is usually around 30% and I know it will go back.

Willie2015:
Pa Emma comment was a timely one.. I also disposed 80 percent of my holdings in Access and bought more Seplat. That access na stingy bank... Akagum 1 of the Banking Industry.

Last Bank is Akagum 1 and not Access Bank.

[quote author=crownprince2017 post=137249860][/quote]You always sound like a clown!

Mpeace:
I pray so. Because I have som units of Access bank.
But I remain grateful to Sir Emma. It was after his disclosure of having sold off all his units of Access bank that I sold 50% of my holdings in the bank which I moved to Aradel, Transcorp and Presco.

I know Transcorp will not pay good dividends, but their price is good and they have a culture of quarterly improvements in results.

You moved from undervalued bank to overvalued Aradel,Transcorp and Presco!

With respect to PE ratio at H1 2025, ACCESSCORP is a better investment when compared to Aradel, Presco and Transcorp!

Mpeace:
Access bank is becoming Oando of the banking industry

Your statement is profoundly false!

PETERiCHY:
Soft reminder 🎗️..

ACCESS value Zone is circa #15

OANDO value Zone is circa #30

know this and know PEACE ✌️

BARGAIN HUNTERS TAKE NOTE!

I hope you're not a member of APC?

You reason like an average APC member!

How you go dey compare Oando and ACCESSCORP?

Oando is virtually a dead company!

Access Bank will still be around in 2125(that is in 100 years time).

Agbalowomeri:
So you don't know that CBN has forced them not to pay any interim dividend? One day, cars will run on water

CBN don dey crase!

I have a dream that one day First bank would become community bank.

KarlTom:
You go explain tire, no evidence

Access Bank is not Last Bank(aka First Bank)

Access bank is an international bank while First bank is a glorified national bank.

Mpeace:
So you think CBN will let them pay N3 from eps of N8? I think N1 is more likely

₦1 is too small!

I believe ₦2.5 is possible.