₦airaland Forum

chocho1:
Please can somebody say a word about Nigeria Breweries...why the shares falling?

Competition is too much. Hero, life etc done takeover.

rebekah2011:
10 business days from March 19, 2019. April 3, 2019 is the payment date

okayyyy. Make I call my car dealer to hold on for some few days.

Coolcash1:
http://www.nse.com.ng/Financial_NewsDocs/25343_ACCESS_BANK_PLC._CORPORATE_ACTIONS_MARCH_2019.pdf

How we Diamond shareholders will enter the bank in two weeks time (April 2, 2019) to withdraw the cash payment by Access bank..

Bros why are you delaying/extending our time of payment. The court order is that they pay us #1 within 10days of the court Order(19/03/2019)

Mcy56:
Sometimes people will just be running without anything pursuing them. Although, its understandable at times.......... fear of losing money.

Buying high and selling low is also part of the game

onegentleguy:
Given the discount of a more than fair enough margin of inherent risk(including a possible deterioration/downside in asset quality from the acquisition of diamond) and at the back of an assumed zero growth in the near term, I have a FV estimate of N11.90.
...and quite frankly, this is me been cautiously optimistic with estimated figures in ACCESS' 2018 FY print.

But then again, the market will have to determine and champion things from here.

NOTE: Just a guide, NOT A RECOMMENDATION.
My advise; Pls follow ur instinct.

Take away those risk factors and fair value should be 25

onegentleguy:
Unconfirmed report reaching me from some strong source has it that following from the court sanction of the ACCESS-DIAMOND BANK merger today, the shareholders of DIAMOND who hitherto are QUALIFIED for the 7 for 2 equivalent share allotment in the enlarged entity will also be eligible for the 25k FY 2018 dividend declaration by ACCESS bank.

Again, this lends credence to my several ealier assertions and analysis that the then shareholders of DIAMOND are the biggest winners of this merger.
On the flip side, this will only aid with pushing further up the price of ACCESS as the DIAMOND shareholders who qualify now have something to make them 'wait/hold a bit longer' without selling off their stake in the new enlarged bank(ACCESS) post merger.
...ACCESS closed on massive bid @ N6.50 today.
Like I always said then, Mr DIAMOND wins pre merger, while Mr ACCESS 'resurrects'(to win) post merger.
There is a mutual exclusivity with the terms of the merger.

It is well !!

cc: @Mpeace

Wow. Thats great news. This is what we call jara. Thank you so much sir.

Mcy56:
I guess she's not a man anyway, I mean deepsuk.

Maybe he is mutable. But wetin we dey buy today sef.

Mcy56:
No be 'girl' she talk say she be? Who I be to say he dey lie?

Bobrisky na girl? I just dey hmmm...

Tolktob:
The rally will be short lived until they release result

its result rally. Results are expected before next weekend except for those that would fill for late release.

Mcy56:
You for don arrest Loco na. So also Mpeace, his offence don dey plenty for this Access/diemond matter.

Deepsuk never see anything yet. When we finish with access and Diamond, na wapco we go start. Him go arrest till him tire.

I love what am seeing. Fcmb, fidelity all going higher. Thats more like it.

I love what am seeing. Fcmb, fidelity all going higher. Thats more like it.

[quote author=onegentleguy post=76820580][/quote]Some pple narrowly entered yesterday. They will just collect their money and move.

Mcy56:
Deeps baby, abeg come recommend stock we the yung investors, I dey fear all these people and their recommendations, I no wan become shell holder abeg.

You say what? Is there something we are not seeing?

rebekah2011:
They already said the losses could top N150b but I suspect that it will not be up to that.

It could even be more than that. They said all their NPLs would be taken care of before the merger ie in the full year result.

Diamond shares should be going on technical suspension any time soon. Merger concluded earlier than expected. Will we still see diamond's disaster of a result this year?

otokx:
I don't think so, those guys are stingy.

them stingy no be small. Last year was the worse. They made about 18billion in profit after tax, eps of 65kobo but only paid 11kobo as dividend. In other words, out if 18billion pat they could only pay 3billion as dividend. Lets watch them this year. The are poised to make upto 25billion in pat. Lets see how much they pay.

Let me ask one mumu queshion.

Assuming Access/diamond merger goes through before access qualification/payment date, Pls will pple currently in Diamond bank, qualify for Access bank dividend.

RunsAwayFromThread.

gloriousdawn:
Me I don collect Zenith dividend, may be you go collect tommorow.

I no doubt you. According to their notice, Today is payment date for persons who have processed their e-dividend mandate.

locodemy:
It's tomorrow o

Lol. Someone cannot collect advance again?

Tolktob:
something unusual behind this FCMB free fall ,despite a good q3 result .

fcmb result q3 was not that good. Revaluation gains made it look like it was good. Fidelity had better result, but its fall (just like fcmb) gives me more worry.

Kevostica:
Pls anything happening in Aiico. Saw the price jumped up this money

Aiico has been doing that since last month. It goes up during trading hours but ends up closing at opening price. Don't let them deceive u.[quote author=makashava post=76764332][/quote]

Fcmb oh.

OBAGADAFFI:
Correct.

I was even shocked Access is paying Diamond shareholders N1, i can't remember Access paying her shareholders N1.

Something strange in going on in that bank.

Hey no spoil mata for us. We the diamond bank shareholders/prospective Access bank shareholders hereby state that we are not complaining. Diamonds don't come cheap.

On a more serious note, Access bank actually bought diamond bank at a very low cost. Check how much the nationalized banks like mainstreet., keystone and enterprise bank were sold for. They were not even in better condition than diamond.

Skye bank bought mainstreet bank for 126billion naira. That's nothing compared to 24billion naira and 6billion shares Access is paying for diamond.

If diamond had gone under, and the whole thing allowed to be done in a bidding process, Access might not even have won the bid. It would have gone to "friends of govt" at a higher price.

aremso:
with diluted shares post merger, will they ever have the same EPS?

I think they can. Remember the dilution involves 6billion additional units. That should lift their OS to about 35billion same with UBA, FBNH etc. If they do well in 2019 they should match that EPS.

Mcy56:
The dividend might be small cos of the buy over. Is Loco in Access?

I agree with you. The cost of the Diamond deal payout is just above 24 billion naira. So they just took some from their normal dividend payout of 50kobo, thus paying 25kobo instead.t he rest should come from their excellent profit for 2017.

Loco said sometime that he was joining access over Diamond. Don't kW if he left on time.

Mcy56:
Lol. We are all students here o.
You will still qualify for diamond goodies, only that we dont know how market will react to Access FY report.
If Access is affected, diamond might be affected too. So you position to enter diamond at lower price if that's the case.

Market don't like that access dividend. The reaction is not good. 5.55. I hope Loco jumped out on time oh.

Mcy56:
Detecthief don arrest you today again. Wetin you do her na?
Whether she like you, come dey find offence wey go make you land for house arrest in her room.

Chai. Nothing join me with bobrisky. You know say Na you dey show me ansa for this class. If them arrest me I go open mouth talk oh. No how wey them go arrest me come leave you Na.

Market don dey open. Make we see how today go be for Access and Diamond.

Plus10:
alright thanks,but why you talk say you nor be MA nah?Students like us need to show some respect to our tisha nah ,imagine calling Wole Soyinka without adding his proper title Prof

lol. Na boy I be. Secondly, Na fellow student like u I be. I no even know anything. If not for our class prefect Mcy56 wey dey show me ansa, Na last I for dey carry for class.

deepsuk:
Well don na u sef spot d maga

Mcy56 come and go and carry ur deep... Before he arrest everybody.

deepsuk:
Dia is god ooo


Dia ris God oooooo

Oga Deep, I never hype Access before oh. Na diamond mata I carry for head. That arrest wet u do na wrongful arrest. Beta apologize.

Plus10:
Good morning Ma, if I decided to buy diamond shares will I still be qualify for its dividend payment?

I think so. But I no be Ma. Oh.