₦airaland Forum

edwardaigb:
Madam Mcy, hope you're good, have not seen your post for a while.

Na true oh. She has not posted since today. Hmm abi Oga Michael done...

ndidigood:
My people pls can something good come out of wapco?

I dey eye that wapco, na after their next result Sha.

Let's stop talking POLITICS pls pls

Flattino:
You must be swimming in profit by now

If bonanza gang had allowed him buy then.

Flattino:
Buhari is busy campaigning all over the states in Nigeria. Broda oloripelebe is busy visiting foreign countries and this one is celebrating and jubilating about it .
Kukuma import Dubai and America citizens to come and vote o
Yèyé

After falling in Akure yesterday, he surrendered his presidential ambition and handed the flag to Ogboru.
What then is Atiku campaigning for when the opponent has retired.
THIS IS NOT POLITICS SECTION LETS TALK STOCKS.
#runsaway

Agbalowomeri:
Na true o; we don forget sef
E for still pay the guy if he had waited Lol; but to see diamond nosedive to 66kobo no easy o

I no for survive diamond at 66k. I thank God say I no sell at loss, and the money done since appreciate for inside fidelity and transcorp.
But you no fit deny say diamond at present na assurance.
The funny thing now is that it does not matter whether the diamond appreciates in price or not, as long as you buy at low price. What matters is that you put your eyes on price of access and the N1 that will follow.
I still dey fear diamond Sha.Na dey access dey draw me.

Agbalowomeri:
Your 50% depends on the value of Access that time

However, I am seriously tempted too; hope village people are not knocking on my door

the 50% is the N1 on top of the deal.

If I get money na to just buy small diamond use collect one naira and access shares. This one na sure 50%. in less than 3 months.

GonFreecss1:
The question is will they make enough money to support those new assets that will supposedly make them big? Will they make enough to cover this losses? Will they make enough profits per share? Anybody can acquire assets or buy any company, but few can actually make money.

GT bank already has the largest MOAT, followed closely by Zenith, then the rest including access, UBA etc are sharing it. Do you feel people will suddenly start flocking to Access? They can write off loans all they want, if they are not making any money to offset liabilities and keep the company in operation, then shareholders had best hope the liquidation value won't turn around and f@ck them in the ass. Last time I checked Diamond was trying to offload land assets, they didn't succeed, because no one wants to buy, but like you said only time will tell. I wish them luck, but if I could I will short sell them.

You need to remember that Diamond bank was not a bad bank until huge NPLs started weighing them down. Diamond bank branches have always made good profits with robust marketing.
The new Access bank does not really need new customers as much as they need to maintain their current (access and Diamond) customer base.

Chibuking81:
Access bank with this their acquisition move will not be a good buy for Short term, but for a long term if all things been equal. After acquisition of Diamond bank, their total outstanding share will increase, after right offer, the share will increase again, the implication is that earning per a share ( EPs) will fall greatly, if their outstanding share double times two after reconstruction of diamond bank share and adding it to Access together with right issue, their earning per a share will drop by half. This will affect their share price.

Their Outstanding shares will not double. They will be adding about 12billion shares to their 28billion shares, that is not a double.
If you look at the results of Diamond bank in the past 3yrs, you would realise that they have been making good profit before impairment. Just imagine what would happen in the event that those impairments are no more.

GonFreecss1:
Sighs


Bigger than GT bank in what Exactly?

Asset wise?

Let me break it down for you, there are some banks already bigger than GT bank asset wise, Zenith? UBA? Even the Access you are talking about is currently bigger than GT bank asset wise. How much bigger do they want to be? The problem though is they are also bigger than GT bank in terms of Liability, but I don't want to talk about debt or Liability today, because they don't matter today. What does matter today? Sales, or to be specific? Profits! To be more specific? Profit margin! I don't have to spell it, but a smart investor knows at the end of the day, when a business is making money, everything else will follow. Bigger than GT bank in what Exactly? Go and look at their profit margins for the past 5 years and receive enlightenment. If Access Bank with their new luggage of Diamond bank assets and liabilities do not improve greatly on sales and profit margin, they will be in trouble. No amount of assets will save them. Last time I checked, Diamond bank was on a negative ROA, let's see the miracle that will happen.

Diamond will clean up its books before the merger. Have you seen Unity bank result? 0%NPL. They will write off the NPLs. That is why it is expected that Diamond bank will release it's worse ever result(the impairment will be massive).
Only time will tell Sha.

Lol. In other news,Otedola wants to buy FO assets. Shellholders beware.

arduino:

Abeg forward your company email to me sharp sharp, I get small complain

You go first subscribe with 1000 units of Nestlé only.

aremso:
Gurus, the below mail was what i sent to morgan and the sender of the hike in chrages mail called me this morning and was saying that the tone of my mail was rather harsh on morgan. pls have i said something bad here?


Sir,

this thing will not fly and is never acceptable, i joined your firm not quite long and i have moved all my trading money from my former broker to Morgan based on the recommendation from some one but now you are increasing your charges by 100% after i have moved over to Morgan pls Sir, this will never fly with me and i will also cascade the message to my other colleagues to vehemently resist your 100% hike. Am just taking risk with my money in your polaris bank and yet all you can do is to add additional fear again to the risk am taking with. Oga, that will never fly by God grace.

E harsh oh. If my customer send me this type message I go just send one sexy staff go do marketing for him side.# Advice to Morgan.

Meanwhile, deruggedprof just dey peep from time to time. He no want comment this year.

maishai:
Experienced traders in the house, please help me with stocks that move on steroids during bull season, the only one on my mind right now is oando.......Is the price depressed enough to jump in to set trap and wait......
cc
fxuser
Agba
Chibuking
Peterichy
Bbm
yok
rabbi
mendes

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.? has anybody seen UCHESON, I wanted to know if he has acquired Oando as promised??

One of the ogas on your list will require a subscription to answer you.
I doubt if ucheson survived "it”. You know Oando kills if you take too much of it.
If ucheson is still "alive" them be sure that he has changed moniker to loco

Mcy56:
Can't forsee any violence in the coming election cos both strong contenders are from the North, either way, the North wins.
Just hope there'll be peace from the SE by God's grace. Mpeace is tasked with the responsibility to ensuring peace reign there. Lol

No lefelendum no erection.

Chibuking81:
Bonanza transmission, transfusion, and trans - confusion everywhere, more opportunities in the days ahead as those in 4% principle will take their profit next week.
Before the 16 February, we should make sure we position ourselves in sound fundamental stocks, at least take front seat, and turn our mode to medium/ long term mode. Medium of 1/2 year and long term 3/4 years before the 2023 election.

Final year result 2019 which will come up between January/ March ending 2020 will double/triple anyone's money, who invested in any of the good stocks I mentioned earlier.
Good luck @ all

This ur bonanza stuff dey too funny. I bought all of my stocks(6 in number) before your so called bonanza period yet they are all (with exception of oando) on profit, with the least on over 15% profit.
I happy say I no follow the gang.

mendes911:
Can you see how all those stacks of offers has disappeared? This same scenario played out last week and they resurfaced on Wednesday.

Let's watch and see if they will reappear next week. Some heavyweights are wicked!

Them dey buy de thing. No mind them.

Mcy56:
Lol. That one na for the CEOs, na Nem be my concern for now.

This my classmate and insurance companies.

tritritri:
Before you transfer money to your trading account,prices are going down but immediately you are credited and about to buy the price goes up until you buy and after that it goes down again..............I always wonder if there is any one always targeting your fund as soon as it hit your stock account?

True, but whatever you do, never leave too much money in you broker account. That's how I lost money in one brokerage firm. I think Equinox or so. They folded up with my money.

OBAGADAFFI:
That depends on the outcome of the Right-Issue.

Remember Access isn't good at paying Dividend.

L

I am rather looking at H1 2019 result. As for dividends, I think they will always pay as much as UBA. But in terms of strenght, they can be as strong as a healthy FBNH.

Michael11stock:
Access should be at least 10 once merge together with Diamond due diligence not a buy or sell recommendation

I strongly agree with you. It would be a very powerful and highly profitable bank post merger.

Chibuking81:
What if the deal fail?

The likelihood of failure is diminishing by the day.
I use Diamond bank, and already I see access in my alerts. It appears they have already gone far in business integration.

mendes911:
Look at how those offers are put up. I believe this is one entity and this may be a calculated attempt to keep the share price low. See the series of 2m and 3m units stacked up.

Am still trying to decipher what their end game is. I must follow them chop when the time is right.

As per rights offer, prices can be manipulated up or down as they seem fit. No be naija we dey?

I am very sure they want to buy up the rights at low price. Contrary to popular opinion, I thing Access bank would fly high after the merger, despite the dilution that might occur.
From the conference calls it is clear they would be buying a very clean Diamond bank since all the NPLs would be written off before the merger is concluded. $Debts would also be cleared.
This is unlike the Skye scenario where a sick Skye sort to buy a dead entity.
Just My Opinion

Mcy56:
Access: 3M bids against 47.4M offers...... no be small thing.

Diamond pple eye go dey here.

Jejebabaa:
How will they be able to do right issues with this depressed price.

They want to sell to themselves at a cheap rate.

Alepa:
Yok don chop ban from antispam bot . Chai

If only he gave us unhindered access to info from his guys, maybe, just maybe this would not have happened. Lol.

Yayira:
Na true o lolz I bought zenith @ 19 slf.
Side-eyes @chibuking

And e close @ 2. So much for bonanza.

yom2:
ok what do we expect next on currency speculation . up or down?

Lol. Forget currency until after the elections. The next regime will decide.

Agbalowomeri:
on steroid

Make de steroid no finish oh.

In other news, Oyel, doing $61...