₦airaland Forum

oh ok. i dont know for the generational lows. As a value investor, i prefer mid - long term targets. I see good future for the cement industry with the minister's declaration for concrete road as the choice standard. Bounty harvest for the Top Tier banks, but will be one-off based on the FX revaluation. I will rather compare operating numbers of 2022 with 2023, and not will the fx gain.

Due Diligence is Key. Know your Numbers.

Short term can be a gamble

megamart247:
It's part of the profit I booked from NSE this year. I'm looking for where to hide it or has the generational low started?

SPARE MONEY FOR 3 MONTHS.
You have to play safe with your stock picks. Hope its not money that can get you in trouble if it drops value (worst case) before the selling?

megamart247:
I have a spare cash of #8m
Which stock can I invest in NSE.?
My time frame is 3months.

nothing can happen. market will be fine.

Yoast:
Don't be too sure. The pressure on the judiciary this time around is much. Anything can happen. Except you don see expo. Pls tell us

Any reason to buy a dead company, abi u wan play bet9ja with your capital?

PuristForest:
Anyone buying omatek right now?

alot of people here would say they want to make money from stocks, but will refuse to follow news on listed companies and their industry, talkless of reading financial results. Na to come here dey ask questions that are already in the public, and answers that are available with one google search.

PUT IN THE WORK NEWBIES.

Universal Insurance;
Eps : 5.93kobo

https://doclib.ngxgroup.com/Financial_NewsDocs/39217_UNIVERSAL_INSURANCE_PLC-_QUARTER_2_-_FINANCIAL_STATEMENT_FOR_2023_FINANCIAL_STATEMENTS_AUGUST_2023.pdf

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

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Price: 25million Naira


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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/

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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?