₦airaland Forum

Streetinvestor2:
Have access officially released result or it is that rubbish on Facebook. I mean the official q2 results

This is official from NGX website:

https://doclib.ngxgroup.com/Financial_NewsDocs/45215_ACCESS_HOLDINGS_PLC-ACCESS_HOLDINGS_PLC_-HALF_YEAR_2025_EARNINGS_ANNOUNCEMENT__CORPORATE_ACTIONS_OCTOBER_2025.pdf

ACCESSCORP has just manipulated its Q2 2025 result to make room for the financial cost for its international acquisition or expansion spendings.


Remember a significant portion of many Nigerian banks' profits in 2024 was as a result of foreign exchange (FX) revaluation gains, particularly from the devaluation of the naira in the previous year.


Interim dividend is likely when Q3 2025 result is released;or a final year dividend of ₦2.5/₦3/₦3.5 is most likely possible by April or May 2026.

A final year EPS of ₦8 for 2025 is definately possible. An EPS of over ₦3 at half year can easily take care of dividend for the 2025 financial year.

Locotrader:
Insurance stocks.

Most insurance stocks are in accumulation mode right.
Next rally go be waoh.
I wonder why Royalex is yet to do 3.50 at this time.
People will beg to buy Royalex at above 3.50 in the next 3 months.
Opportunity is presenting itself now.
Align with insurance companies if you have the funds

You never still change?

You're still in the business of marketing low quality stocks.

unite4real:
fake report. Just look at the P/E ratio on the report. The writer must be a rookie. how can you divide the share price by the 6 months EPS and arrive at the PE ratio. What happened to either a trailing 12 months or annualized?

A report that did not capture key highlights like Profit for the period.

believe this at your own peril

Alright

EDUECO:
Access Holdings Q3 2025, riding on Strong Growth Momentum Amid Strategic Expansion

By Gilbert Ayoola

Access Holdings Plc has published its long-awaited audited interim financial statements for the half-year ended June 30, 2025. The delay attributed to the complex post-acquisition audits of recently acquired subsidiaries, including the National Bank of Kenya, Standard Chartered’s Tanzania operations, and AfrAsia Bank Mauritius did little to dampen investor enthusiasm, as the results reflect a strong performance across all core indicators.

This publication marks a pivotal moment in Access Holdings’ journey towards becoming Africa’s gateway to the world. The group's results underscore not only solid organic growth but also early returns from its aggressive regional expansion and digital strategy.

Access Holdings delivered a near 88% year-on-year increase in gross earnings, driven by a robust 86.2% jump in interest income as the group expanded its loan portfolio. Loan growth, which increased by N6.4 trillion, fueled higher interest margins amid favourable macroeconomic lending conditions across key African markets.

Additionally, non-interest income rose significantly (+92.6%) to N728 billion. This was buoyed by increased earnings from digital banking channels, trade services, and FX-related operations in frontier markets, especially as Access leverages its pan-African footprint.

Despite an 81% rise in operating expenses attributable to inflationary pressures and integration costs of new subsidiaries, the Group improved its cost-to-income ratio slightly to 54.7%, from 55.2% in H1 2024. This signals better cost discipline and synergies from digital infrastructure and centralised operations across regional subsidiaries.

The Group’s balance sheet grew impressively, with total assets surging by 61.2% year-on-year to N32.5 trillion. Customer deposits grew by N8.3 trillion (+67.0%), reflecting rising customer confidence in Access’ brand and network, especially in East and Southern Africa.

The Group’s Tier 1 capital adequacy ratio of 18.2% well exceeds regulatory benchmarks, underlining strong capitalisation and a prudent risk approach in the face of ongoing integrations.

The decline in the non-performing loan ratio to 3.8% (from 4.2%) demonstrates Access Holdings’ proactive credit risk management. With a provisioning buffer of N456 billion, the Group has adequately insulated itself from potential regional credit shocks, especially in volatile frontier markets.

While no interim dividend has been declared for the half-year period, the decision reflects the Group’s forward-looking reinvestment approach. The retained earnings are expected to be channelled into strengthening newly acquired operations, enhancing digital capabilities, and boosting continental presence moves likely to deliver long-term value to shareholders.

Access Holdings shares are currently trading at N24.45 per share. With an EPS of N8.45, this implies a Price-to-Earnings (P/E) ratio of 2.89x, significantly undervalued compared to sector averages on the NGX (typically in the 4.5x - 6.5x range).

This low valuation, paired with high earnings growth and a rising ROE (Return on Equity), positions Access Holdings as one of the most compelling value plays on the Nigerian Exchange in 2025.

Investor's Recommendation: STRONG BUY

In view of the Group’s:

Strong earnings momentum and double-digit growth in all key metrics,

Ongoing regional integration of strategic acquisitions,

Solid capital base and efficient cost structure,

Undervalued stock price and

Positive asset quality outlook,

we issue a “STRONG BUY” recommendation for Access Holdings Plc. The Group’s strategy of building a diversified, digital-led pan-African financial services powerhouse is clearly yielding results, with significant room for upward re-rating in both earnings and share price.

With a target price (12-month) of N35.00 - N38.00, while posing potential upside of 43% - 55%

Access Holdings has successfully transitioned from being Nigeria’s largest retail bank to a diversified financial conglomerate with strong regional influence. Its 2025 half-year results show that the Group is not just growing but doing so profitably and sustainably.

With continued focus on digital innovation, operational efficiency, and strategic reinvestment, Access Holdings is well-positioned to deliver long-term value for shareholders and reshape the African banking narrative.

Is like this is the result that will be released?

Access Holdings Q3 2025, riding on Strong Growth Momentum Amid Strategic Expansion

By Gilbert Ayoola

Access Holdings Plc has published its long-awaited audited interim financial statements for the half-year ended June 30, 2025. The delay attributed to the complex post-acquisition audits of recently acquired subsidiaries, including the National Bank of Kenya, Standard Chartered’s Tanzania operations, and AfrAsia Bank Mauritius did little to dampen investor enthusiasm, as the results reflect a strong performance across all core indicators.

This publication marks a pivotal moment in Access Holdings’ journey towards becoming Africa’s gateway to the world. The group's results underscore not only solid organic growth but also early returns from its aggressive regional expansion and digital strategy.

Access Holdings delivered a near 88% year-on-year increase in gross earnings, driven by a robust 86.2% jump in interest income as the group expanded its loan portfolio. Loan growth, which increased by N6.4 trillion, fueled higher interest margins amid favourable macroeconomic lending conditions across key African markets.

Additionally, non-interest income rose significantly (+92.6%) to N728 billion. This was buoyed by increased earnings from digital banking channels, trade services, and FX-related operations in frontier markets, especially as Access leverages its pan-African footprint.

Despite an 81% rise in operating expenses attributable to inflationary pressures and integration costs of new subsidiaries, the Group improved its cost-to-income ratio slightly to 54.7%, from 55.2% in H1 2024. This signals better cost discipline and synergies from digital infrastructure and centralised operations across regional subsidiaries.

The Group’s balance sheet grew impressively, with total assets surging by 61.2% year-on-year to N32.5 trillion. Customer deposits grew by N8.3 trillion (+67.0%), reflecting rising customer confidence in Access’ brand and network, especially in East and Southern Africa.

The Group’s Tier 1 capital adequacy ratio of 18.2% well exceeds regulatory benchmarks, underlining strong capitalisation and a prudent risk approach in the face of ongoing integrations.

The decline in the non-performing loan ratio to 3.8% (from 4.2%) demonstrates Access Holdings’ proactive credit risk management. With a provisioning buffer of N456 billion, the Group has adequately insulated itself from potential regional credit shocks, especially in volatile frontier markets.

While no interim dividend has been declared for the half-year period, the decision reflects the Group’s forward-looking reinvestment approach. The retained earnings are expected to be channelled into strengthening newly acquired operations, enhancing digital capabilities, and boosting continental presence moves likely to deliver long-term value to shareholders.

Access Holdings shares are currently trading at N24.45 per share. With an EPS of N8.45, this implies a Price-to-Earnings (P/E) ratio of 2.89x, significantly undervalued compared to sector averages on the NGX (typically in the 4.5x - 6.5x range).

This low valuation, paired with high earnings growth and a rising ROE (Return on Equity), positions Access Holdings as one of the most compelling value plays on the Nigerian Exchange in 2025.

Investor's Recommendation: STRONG BUY

In view of the Group’s:

Strong earnings momentum and double-digit growth in all key metrics,

Ongoing regional integration of strategic acquisitions,

Solid capital base and efficient cost structure,

Undervalued stock price and

Positive asset quality outlook,

we issue a “STRONG BUY” recommendation for Access Holdings Plc. The Group’s strategy of building a diversified, digital-led pan-African financial services powerhouse is clearly yielding results, with significant room for upward re-rating in both earnings and share price.

With a target price (12-month) of N35.00 - N38.00, while posing potential upside of 43% - 55%

Access Holdings has successfully transitioned from being Nigeria’s largest retail bank to a diversified financial conglomerate with strong regional influence. Its 2025 half-year results show that the Group is not just growing but doing so profitably and sustainably.

With continued focus on digital innovation, operational efficiency, and strategic reinvestment, Access Holdings is well-positioned to deliver long-term value for shareholders and reshape the African banking narrative.

Agbalowomeri:
SohSoh is back
The time they reported EPS N16 wetin dey pay?

This 70 years old man, ACCESSCORP is not First Bank(aka Last Bank).

PETERiCHY:
We have said this several times times ACCESSCORP and OANDO are simply good for JIJO, Know this and know peace.


BARGAIN HUNTERS TAKE NOTE!

It is a great disrespect to compare ACCESSCORP to Oando(Yahooze Oil Company)!

ACCESSCORP is an uncommon stocks and as such it will reward the discerning and intelligent investors in due time!

If ACCESSCORP's Q1 2025 EPS was around ₦4;I am very sure its 2025 full year EPS cannot be least than ₦8. Therefore, payment of a ₦3 dividend for 2025 financial year is certain.

ACCESSCORP will deliver value for the intelligent investors in the next 2 Quarters and beyond.

Smartguyboy:
I have 100k to waste which share is best to buy now .
I am using Cowrywise for now please need someone to put my through how this dividend work.

Dangote Cement,UBA ,ZENITH Bank,Access Holdings, GTBANK ,UCAP and Fidelity Bank are some good companies to invest in.

Contact Atlas Porfolios Limited Stockbroker to get started.

leo1234:
Why is the price of Access dropping 🤔

Did ACCESSCORP lose up to 5 percent?

leo1234:
EDUECO sold access to buy japaul.

I know you're joking.

chimex38:

You don't mean it?

I know you're joking.

SonofElElyonRet:
He who laughs last... It will go above N5 before the capital raise which is projected to be in the region of N5 per share according to deductions from the EGM resolutions

I'm still waiting for it to get to 7 Naira.

nosa2:
Na today nyash dey back?

All na bull market talk.

Las las you be wicked somebody oh!! See the matter wey you go rise

He say him be guru for kalokalo stocks.

Agbalowomeri:
Una wan collect back the billions wey loco don carry

I am sure he has sold and ran away

Loco na local champion.

Japaulwood marketer why have you not moved it to 7 Naira?

From 3 Naira to this current price.

Investor wey dey play kalokalo.

ogawisdom:
Hmmm really except
UBA 41B os
Zenith 41B os
Fidelity 50B os

Their EPS and dividend yield still makes sense with the os

Na hang over from yesterday party dey do am

oluwaleokey:
For the record:
I followed some of the advice shared here, and honestly, it worked like magic. They are now reaching out to me. several calls, apologies, and even prompt responses to my emails from different quarters.

I can’t help but wonder what went wrong initially, but I’ll leave that to mystery. What matters is that I’ve now been assured I’ll be credited within 10 working days.

I’m tempted to commend their services, but I’ll hold off until the funds actually hit my account, since the process is still ongoing.

I just thought to update everyone here. Thank you all for the inputs, it were truly helpful.

Now, let me sit back with an iced Coca-Cola and some Gala while waiting for the funds.

The Agbero method has never failed me in real life in Nigeria!

Those office workers(or white collar job workers) always respond to the Agbero behaviour in Nigeria.

I only apply the Agbero or Thug method only if the Gentleman method fails.

Joyful365:
Bank stocks are the worst form of stocks to hold. They'll keep diluting your shares till what you own is an infinitesimal part of their outstanding shares, at which point you'll practically get next to peanuts even if they declare billions in profit.

Banks ought to buy back a part of their circulating shares during periods of surplus, to create shareholders value, but they won't because they're part of the scam monetary system that feeds off printing money to render people poor. That's why banks print new shares to sell each time they're given new capital requirements.

If you are looking for capital appreciation, avoid most nigerian stocks that have outstanding shares of over 40 billion or more.

You're better off owning commercial papers, treasury bills and government bonds.

Where this 1 from come out?

leo1234:
BTC was designed to undergo deflation not inflation.

How will you make money when there is never an increase in price of BTC?

Does BTC pay dividend or rent?

leo1234:
You need to update yourself bro.

Countries now use BTC to store their reserves.

I believe even Elon Musk invests in cryptocurrency.

Many established companies are buying up BTC and ETH.

Very soon you will say BTC is scam.

If you buy BTC and there is no increase in price.

How are you going to make money when there is no increase in price?

This folk is always in the habit of attacking my comments.


Now I know he is a gambler!

Cryptocurrency investors are gamblers.

Agbalowomeri:
The guy dey look for japa money

Does that guy actually work for a stockbroking firm?

Stock investment update is the latest HK(house of knowledge) format.

Maga must pay!

Streetinvestor2:
This guy is a portfolio manager.He wants to charge 500 k.
How much is the minimum to be invested via him
What is his realisable roic for a yr for him to take 500 k
Is the 500k to be taken from return on invested capital
What happens if he doesn't meet the target for the yr or the investment goes red

My opinion free this guy.look for regular stock broker and manage ur portfolio ur self.
U will see many recommendations here for brokers with different commission and good services to choose
Pls when dealing with portfolio manager be sure is one that is reputable and registered by regulatory authorities. Do proper search from regulatory body incharge. You can even do it online. Registered fund managers I know don't even put blanket figures like this for professional service. They put it as percentage based on roic for the yr .Or when u want to liquidate the investment based on total invested capital against returns
No go fall maga for some guy on the street

That guy he is dealing with is a confirmed scammer.

Demolaeby:
Good afternoon sir.
In response to the questions you raised, find the attached a contract note specimen. (Sorry the name is blocked for privacy matter).
For any money you invested you will be issued a contract note. This is in line with the investment and securities act 2007: part vi - section 44(2) - "A client or any person authorised by the client shall be entitled at any time, free of charge either personally or by his agent, to inspect any contract notes and vouchers relating to the said transaction."

In the contract note, you will see all the statutory charges relating to a transaction (I have also attached a summary of the charges from the Nigerian stock exchange).
The note help you see how your fund has been invested.
My job is to advise you, follow up on your buy or sell instructions and ensure the right shares and bond are in your portfolio for the growth of your investment. Put it in professional term I am your portfolio manager.

In order for me to track your investment and account for all buys and sells, all funds will pass through my bank account.[color=#990000][/color]

My reward is my professional fee, which is NGN500,000 (five hundred thousands naira only). This fee shall be reviewed annually.

The funds will pass through my account is a red flag.

The person you're dealing with is a con artist (scammer).

If you can read and write,I believe you can manage your investment portfolio by yourself.

Criminals will deliberately go on a break to live a normal life.

Criminals will then resume when the lockdown is lifted.

Access Holdings,UBA and Zenith Bank are good for long term.

Their future is bright.

jonnysessy:
Expect more rip-off with this latest promotions and signing of new Insurance law by Mr President. All in thlis his 1$ trillion economy. Eyes will cry but, you will not see the tears. I just abhor anything in Insurance before now because it doesn't work in our clime. I don't see the magic that will make it work overnight.

Insurance policy will work from 15 to 20 years time.

Locotrader:
What happens here is the elders we have are selfish elders who don't encourage the younger ones.They only become active when the market is in red.They are already Billionaires but they don't support you newbie making money like them.They want you eating from hand to mouth.They don't give you update even when they have insider information.Thats the type of elders you have here.

Loco can't be part of them.We have been in this market for more than 2 decades.
We understand the language of the market.

The market is not yet in a panic mode.
It's just the pullback which didn't caught us unawares.I spoke about this pullback during the insurance bull two weeks ago.

Loco is bringing substantial amount into the market tomorrow being Friday and will be waiting for Royalex and Japaul as the pullback is about to bottom.

If you have not sold till now,no need to sell again because these prices you are seeing now are still undervalued.

The Govt is preaching $1 Trillion economy.I don't think they will achieve it through this way.This is just the handwork of market players in conjunction with traders.

STOP THE SELL NOW,MARKET IS COMING BACK NEXT WEEK.

Loco,I know you're a product of House of Knowledge (HK). Ade Bendel is your mentor!

Is like you want to use reverse psychology to win back your fan base. It is well known that you're a promoter or marketer of junk stocks;and investment in junk stocks is not sustainable.