₦airaland Forum

Madam Ymcy56 will say it is Over analysis

Itzlinda:
Be like say we fit buy uba at 35 oo.

The price just de fall oo.

Be like say people hate tony ways

Ding

RE: JAPAUL Gold refinery

mikeapollo:
T&T Refinery ke?
Is that still a viable prospect on the table?
My expectation of good news is about the Angolan bloc.

ZENITH DIV landed

Very possible. Espacially IF May ends without any news of the refinery.

But No forget say na so you wait for ARADEL o

megawealth01:
Make una calm down. JAPAUL go do 2 naira una go run

See OANDO going to sub 40

You also noticed the activities...

GeeKudi:
Is Japaul ready or what is going on? Any wisper? abeg oo

Ding

Omo the chokehold ehn...

Sunrisepebble:
It will be a miracle if Access pays an interim dividend this year.

https://www.bloomberg.com/news/articles/2026-05-05/nigeria-s-access-bank-to-sell-down-foreign-units-after-central-bank-order?taid=69fa2a3c16d544000169c559&utm_campaign=trueanthem&utm_content=business&utm_medium=social&utm_source=twitter

Ogawisdom is celebrating ₦1.20 loss in Zenith today.
He is waiting for Zenith at ₦85

Streetinvestor2:
What is bleeding

Give me assurance...

SonofElElyonRet:
So what about the assurances of Chuka that the acquisition will be consummated?

Valid points. However, the PR energy should be conserved.
We don't smile at dishonest management of funds...

isaacosas01:
Let’s say you hate Access. Let’s say everything bad you’ve heard about it is true. The dividend is never coming.
Fine. Even if every single bear case argument is correct — Access should still not be trading at ₦25.50.”

My ₦54 short term price target requires one assumption — that Access Holdings continues to operate as a going concern. That’s it. No dividend. No earnings growth. No re-rating. No good news. Just existence. A bank with ₦53.4 trillion in assets, 60 million customers, operations across 22 countries, a CBN banking licence, and ₦4.33 trillion in verified equity does not trade at 0.31x book indefinitely simply because investors are unhappy with management.

Even the analysts who have never recommended Access, who have the lowest price targets on the street, who are most sceptical — their bear case is ₦33. Not ₦25.50.”

At ₦25.50, the market is saying Access is hiding ₦3 trillion in secret losses
Access has ₦4.33 trillion in audited shareholders’ equity. At ₦25.50, the market values the entire company at ₦1.36 trillion. That means the market believes ₦2.97 trillion of that equity simply does not exist

You are buying Africa’s largest bank by assets for less than 2 years of earnings
Access earned ₦743 billion after tax in 2025. It earned ₦216 billion in Q1 2026 alone — annualised that is ₦866 billion. At ₦25.50, the entire company costs ₦1.36 trillion. You are paying 1.57x one year of earnings for a bank with ₦53.4 trillion in assets. Africa’s largest bank by total assets — trades at 1.57x. That is not a discount. That is a pricing error.

It is [conditionally] refundable

Note 15.3:
A deposit of ₦1,500,000,000 placed in an Escrow account in connection with the proposed acquisition of Agro-Allied Resources & Processing Nigeria Limited remains outstanding. This deposit is included within Cash and Cash Equivalents and will be applied towards the acquisition consideration upon completion, or returned to the Company in the event the acquisition does not proceed (see Note 13.1 and Note 32).

A deposit of ₦1,500,000,000 (₦1.5 billion) placed in an Escrow account in connection with the acquisition remains outstanding as at 31 December 2025. This deposit is included within Cash and Cash Equivalents (see Note 12) and will be applied towards the purchase consideration upon completion of the acquisition, or returned to the Company in the event the acquisition does not proceed...

chimex38:
I believe Street might be right.

Anything Escrow is based on an agreement by business partners.
It's not sth they can just use without breaking agreement and probably triggering legal actions against them.

Actually, I get his PoV.

If ELLAH had ₦1.5bn, why not channel it into the business...

Streetinvestor2:
Bros e be like you get hang over.What is 1.5 billion to 250 billion they whr looking for.I think that money is gone It is suppose not to be refundable as they have failed to keep to thr part of the agreement ⁹

[I want to believe that] it was gotten from the Deposit for Shares... Note 20

See

Redoil:
if they have this amount of money then why the public offer

It ain't really expensive.

That amount can be viewed as commitment fee towards the proposed acquisition... (See note 13.1)

Redoil:
what is the implication of this expensive statement by ella lake
.
A deposit of ₦1,500,000,000 placed in an Escrow account in connection with the proposed acquisition of Agro-Allied
Resources & Processing Nigeria Limited remains outstanding. This deposit is included within Cash and Cash
Equivalents and will be applied towards the acquisition consideration upon completion, or returned to the Company in
the event the acquisition does not proceed (see Note 13.1 and Note 32).

nosa2:
Will they buy back today?

Factoring in tx fees for both trades is it actually cheaper?

Abeg leave me to tension dem in peace

No need.
It's actually cheaper today...

nosa2:
I would love to feel sorry for the people who sold yesterday but this is not a team sport.

Mr Jim Ovia steps down as Chairman of Zenith Bank plc after 12years

Ding!!!

I apologize on his behalf.
He was actually trying to say Ultra High Networth Individual (UHNI)

megawealth01:
High networth individual bawo?

Yes.
Trust Alhaji to pay more attention to upstream once OML 71&72 starts yielding something tangible...

Raider76:

https://www.youtube.com/watch?v=112GeKhmkyI?si=dSxzhQADAsTmvT8T

It is amazing how fast money grows once it reaches certain critical mass. Alhaji has really become an IOC in less than 3 years of his refinery opening.

We are [gradually] coming back...

KarlTom:
I'm in front of the queue.

I'll be back though but I'm definitely selling on Monday...

You are allowed to shift the goalpost

Willie2015:
Seplat don dey 12k target price

To sell self na wahala now

Ding

Agbalowomeri:
All set for the battle of the soul of ACCESS
Make Una push am back to N20

SP or FY DIV?

megawealth01:
ACCESS won't pay interim so we should be looking at 6 naira too

WAPCO DIV dropped yesternight...

ELLAH Q1 '26
https://doclib.ngxgroup.com/Financial_NewsDocs/46932_ELLAH_LAKES_PLC.-_QUARTER_1_-_FINANCIAL_STATEMENT_FOR_2026_FINANCIAL_STATEMENTS_MAY_2026.pdf

CILEASING Q1 '26
https://doclib.ngxgroup.com/Financial_NewsDocs/46931_C_AND_I_LEASING_PLC.-_QUARTER_1_-_FINANCIAL_STATEMENT_FOR_2026_FINANCIAL_STATEMENTS_MAY_2026.pdf

Verify the bolded again...

ojeysky:
No sunshade required, we are both saying the result is not bad so i don't think we disagree on that. I am also not saying it is a bad thing that CBN is mandating the banks to clean up, i am saying its not of good faith for access to claim they will pay knowing that CBN will not allow it. UBA didn't make declaration that they will pay dividend so i wasn't too surprised when they didn't. For access however, it was not about whether they will pay, it was how much they will pay. Anyway access remains my biggest holdings in banking sector just annoying how they play the game. It is well.

Don't add ₦15 like we won't notice...

ogawisdom:
Lol yes ooo waiting at sub 100

ogawisdom:
Spot on, the supplies will soon hit Zenith Bank after qualification date. Bank offers are usually crazy you will see 45m offer vs 5m bid lol, It will settle below 90 say 85.

MTN is still stubborn refusing to go below 700, sentiment around MTN is very strong with many buyers waiting to take up every price dip.

Ucap touched 15.85 today and i scooped some, same stock ppl were fighting to buy above 18 before qualification date.

Thank you Aj8.

The bolded speaks to me personally...

aj8:
Congratulations Mankind2024. May your expressed ambition and many more not yet expressed, come to pass by His Grace. I just want to add a point or two to your very well-written reflection.
Compounding is good, the 8th wonder of the world. But it doesn’t always need to be passive, it can be active or even aggressive. In trading, the phrase 'take profit off the table' exists for a reason: trends can reverse instantly when economic momentum shifts. While some markets recover quickly, others take decades. A stock falling from 100 to 4 might eventually return to 200, but only if time is on your side. While there are 'forever' stocks where I’m happy to stay in the passenger seat, I believe in remaining vigilant. If the fundamentals or prospects decline, I prefer to exit without sentiment and pivot to fresh opportunities with higher growth potential. Compounding continues but actively leaving only my failed attempts to run passively but still given fuel by prayers and hope.

Happy Workers Day

I can't thank you enough for those audiobooks you share from time to time. Thank you, sir.

Maybe (@ the bolded).

Meanwhile I hope you're still waiting for Zenith at ₦85 - ₦90...

ogawisdom:
Make it make sense

Presco SP = 2300, dividend = 14

Full offer may be loading, I hope I am wrong