Make sense. Tiktok is rubbish anyway.

This is a very inciting statement. Reno talks foolishly. Only fools follow his accounts.

This country sef. Everything we manage in this country is a disaster due to corruption and i dont care attitude. Fight for your right and hold people accountable no matter how high or low. Our negligence caused this.

Aiico result is still a good one. Considering last year result was boosted by the earnings from selling a subsidiary (discontinued operations).

locodemy:
Aiico keep posting flat results every quarter.
Your children don dey grow pass you

https://doclib.ngxgroup.com/Financial_NewsDocs/39184_CORNERSTONE_INSURANCE_PLC-_QUARTER_2_-_FINANCIAL_STATEMENT_FOR_2023_FINANCIAL_STATEMENTS_JULY_2023.pdf

A 402sqm allocated land in Post Service housing development Ltd (Nigeria Army), Jericho GRA, (near golden tulip hotel) with set back opportunity of an extra 400sqm on 3 sides.

Price: 25million Naira


https://www.youtube.com/watch?v=3bzfDbp5o4A

Contact verified landlord: 09096500350
Email: info@verifiedlandlord.com

Sunu Assurance

EPS of 36.5kobo vs 0.6k (June 2022)

Current Price: 55kobo

UBA’s stock price has surged impressively by 96.1% Year-to-Date (YTD), ranking it as the 29th best-performing stock on the NGX in 2023.
Analysts’ optimistic projections and “BUY” rating indicate a median target price of N14.45 and a high estimate of N31.00, reflecting positive market sentiment.
UBA’s trailing price-to-earnings (P/E) ratio of 2.8x, the lowest (excluding FBNH) among the five Tier-1 banks and lower than the NGX market P/E ratio of 8.3x, suggests the bank’s stock is relatively undervalued compared to its earnings, making it an attractive option for investors seeking robust returns.
United Bank for Africa (UBA) has been on a remarkable trajectory, with its stock price soaring by an impressive 96.1% Year-to-Date (YTD) as of the last trading day on July 21, 2023.

This impressive performance ranks UBA as the 29th best-performing stock on the Nigerian Stock Exchange (NGX) so far this year.

Over the past four weeks leading up to the mentioned date, UBA’s stock has accrued a substantial 30% increase, which positions it as the 27th best-performing stock on the NGX during that period.

These positive price movements indicate a strong upward trend for UBA’s stock and can be seen as encouraging signs for shareholders.

Strong Fundamentals and Positive Market Sentiment
The positive market sentiment is further emphasized by analysts’ “BUY” rating and their projection of a median target price of N14.45, with a high estimate of N31.00.

While investors need to exercise caution and consider various factors, the surge in UBA’s stock price appears to be justified based on its strong fundamentals and promising prospects.

UBA’s financial results for 2022 demonstrated a significant improvement in net income, surging by 43.48% from N118.678 billion in 2021 to N170.277 billion.

This impressive growth not only showcases the bank’s resilience in navigating challenges but also surpasses its strong 5-year compounded annual growth rate (CAGR) of 17.71%, indicating consistent and healthy net income growth over the years.

The positive performance continued into 2023, with a Q1 net income growth of 29% year-on-year to N61 billion, further boosting investor sentiment.

Moreover, UBA’s EPS growth outpaced its share price growth, signalling the potential for long-term value creation.

Attractive Valuation Metrics and Total Return Potential
Despite an impressive EPS growth of 42.77% in 2022, the share price recorded a Year-to-Date (YTD) gain of -5.71%, suggesting an undervalued stock.

However, in Q1 2023, EPS growth was slightly lower at 28.95%, while the share price grew by 3.90% year-on-year, indicating steady progress.

The favourable market sentiment was further bolstered by recent government policies positively impacting the banking sector.

The elimination of fuel subsidies, unification of the exchange rate, and an anticipated interest rate hike to counter rising inflation all contributed to boosting investor confidence in UBA’s potential.

During the second quarter (Q2) of 2023, UBA’s share price surged by approximately 53%, reflecting growing confidence and interest among investors.

This significant growth was also reflected in the broader market performance, with the NGX banking index gaining 42.49% in Q2 compared to 5.75% in Q1.

Additionally, the NGX All-Share Index (ASI) increased by 12.42% in Q2 compared to 5.11% in Q1, indicating a positive trend across the market.

UBA’s valuation metrics further support the justified investment sentiment. The bank’s trailing price-to-earnings (P/E) ratio of 2.8x, the lowest among the five Tier-1 banks (excluding FBNH), and lower than the NGX market P/E ratio of 8.3x, suggests that the stock is relatively undervalued compared to its earnings.

This implies that investors may be paying less for each unit of earnings generated by the bank compared to its peers in the Tier-1 banking category.

Additionally, UBA’s Return on average equity (ROAE) increased from 19.7% to 22.6% in Q1, further reassuring investors of the bank’s commitment to maximizing shareholders’ wealth.

Furthermore, the current dividend yield stands at 7.38%, along with the impressive YTD share price return of 96.1%, resulting in a total return of 103.48%.

A Compelling Case for Investment
This combination of capital appreciation and dividend income potential makes UBA an attractive choice for investors seeking robust returns.

UBA’s impressive share price growth and earnings surge are supported by its strong fundamentals, positive market sentiment, and attractive valuation metrics.

While investors should always approach investment decisions with caution and conduct a comprehensive analysis, UBA’s performance and outlook present a compelling case for a justified investment.

As always, investors should align their investment decisions with their financial goals and risk tolerance to make informed choices in the dynamic market environment.

https://nairametrics.com/2023/07/22/is-ubas-share-price-surge-justified/

At October 1st Hotel, we believe that everyone deserves a comfortable stay without compromising their budget. Rest assured, our well-appointed rooms offer a cozy retreat with all the amenities you need for a relaxing stay. Enjoy our warm hospitality and exceptional service at a price that suits your wallet.
Call: 09028400660 & 07037990185

https://www.instagram.com/october1st_hotel/

market don open.

Try www.coded.host

not cameroon alone. the major loss was from the cancellation of their chevron contract after they had collected fx loan to buy aircrafts for the service. Their finance cost is the biggest drag.

megawealth01:
Sentiments apart the MAKANJUOLAS have been managing Caverton for years now... And I don't think they are doing so poorly... The loses they had was from their Cameroon subsidiary... Hopefully they will have some fresh air... I have decided to make plans to buy Caverton top-ups so I can average in the days ahead if possible I'd hold some

seems we enter the bus same day. lol

ukay2:


I have been on Dangsugar since km 6...

Never be to quick to assume.
Those that took action on this strong rumour then should be sitting on 50% since date.

Streetinvestor2:
I don't see that happening. Alhaj is so attached to that his sugar. He will prefer it growing into fat cash cow like the cement after his backwards integration strategy .Which I see happening in few yrs to come

Carry on Oga CustomStreet

brothers and sisters, make una dey rest small small. i know some people wey no sleep last night, na market dem dey think throughout weekend.

The Bulls are sweet, but Never forget the Bears. Remember your strategy and dont just play lose cards out of FOMO.

yeah i know that, mine is more like connection error. seems the server is getting overwhelm.

IYGEAL:


You should be clicking things from time to time. That's how the platform has been for a while. It's apparently a security/privacy measure.

morgan capital platform keeps timing out

remember someone mention a potential merger of dang sugar and nascon to form dangote foods.,
make we dey see.

emmanuelewumi:



Probably people have seen the half year financial performance of the company

surely inside go follow dey. some have seen Q2 books.

goody234:
This bull shaking nah wah there must be some insider trading going on with some companies

Wow. Thats loan shark style. Gtb quick credit is the very affordable. Abt 3% a month

CAVERTON OFFSHORE SUPPORT GROUP 2022 ANNUAL GENERAL MEETING

https://www.youtube.com/watch?v=UZAebiobPnM?t=1408

profit taking is a must. constant portfolio rebalancing

jideflash:
Feels good

Feels good

BullBearMkt:
...with the way UNIVERSAL INSARNACE going, by week end, it might possibly make 50% ROI within 1 week!
NOTE: Not a Call to buy

we are doing well.

seyisanya:
The oga that was accumulating this stock a few months ago, I think he wanted to buy 5% of the company. Oga, food don done ooo. Nah retirement remain now.

Geovanni412:

What is your risk appetite... If you lose the money, you go cry?

their q1 result is out and looks solid in EPS, zero debt and almost positive retained earning.
closed +10%

IYGEAL:


Many buyers lined up for UNIVINSURE. Where did they come from though? You'd expect the sudden bids to have come from a single entity, but buyers plenty.

Reports reaching Nairametrics indicate the central bank has given commercial banks and dealers in the forex market the green light to sell forex freely which is at a market-determined rate.

This is in line with the promise of President Bola Tinubu to unify the multiple exchange rate in the market.

The initial understanding of this message is that banks can now sell forex at market-determined rates, suggesting Nigeria is now operating a freely floating exchange rate.

Nairametrics confirmed this from multiple sources at the central bank and from traders with knowledge of the matter.

However, official confirmation will have to come later in the day when data from the FMDQ is available. Nairametrics also understands official confirmation will be issued by the central bank.

Sources also report trades are now going for as high as N750/$1. Meanwhile, in the black market, the exchange rate traded for as high as N773/$1 for “inflows” which represent dollars or other currencies sold over the wires.

This is a developing story, check back later for details….

https://nairametrics.com/2023/06/14/breaking-banks-told-to-trade-forex-freely-in-nigeria/

Universal

Streetinvestor2:
I don't get.1 billion units of which stock was bought

which of the 2 stocks should one position in for higher consolidation.

customstreet:
Hello Folks

I don’t know if you see what I saw

Dangotesugar Sugar Plc + Nascon Plc = Dangote Foods Plc

Time will proof me right

1 billion units is above 5% of the total shares, i believe this transaction should have be publicly reported, as it is significant (ngx rules).

Lastly, any update on their 2022 audited result.

customstreet:



I am priveldged to be part of those that scouted for this stock for the investor. We actually scouted for 1 billion units and the result was what u saw last week. There is no qualms for anything.

current price is the sweet spot, if the the bull is strong, max entry is 12-13naira for now.

otokx:


In your opinion, what is the maximum entry price for UBA?

may the bulls enter the insurance sector especially Universal . UBA is doing me proud. still undervalued.