₦airaland Forum

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.

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.