₦airaland Forum

vanguard of a drowning economic region! ndi ara!
dem never see anything

officially stopped Months ago, BUT its STILL WORKING! wait or resubscribe!

life behind those miserable high walls is still the life worth living in nigeria!
far better than the mere existance of slum dwellers
far better than communial voilence exposed rural dwellers
far better than suffering and smilling middle class.
its the nigerian situation. we live with it.

spiritual congil wan kill dis ffk agbaya! imagine such a nuisance as ex- minister. kai.... naija don suffer.

Danhumprey: I think Fani-Kayode got a crush on this pretty woman,but is too intimidated to approach her.

whaaat? my good old mlinks?
too bad

can someone else collaborat this?

unity bank is actually worth about N1.40 in the long term
new venture capitalist are rumoured to the gearing up to come in, volume traded is increasing and price in still of good value. buying at any price below 70k and hold. the dividens is also of great value.

aaah, taanii?

kidnappers take note!

UNITY BANK hits 50 kobo levels. A case for investors.
reporting for easykobo.com on Thursday, Sep 12 2013 from Lagos, Nigeria
://www.easykobo.com/News.aspx?id=1760



Sep 12 (Lagos) – Shares of Unity Bank Plc ( UNITYBNK ) hit 52 week low of 50 kobo per unit in intraday trading today at the Nigerian Stock Exchange in Lagos. For those not aware, UNITYBNK is the cheapest banking stocks available in Nigeria based on the price per stock. The stock declined to its lowest possible levels on heavy volumes of 28 million units which is almost 3 times its average daily 90 day volume.





So our in house analyst decided to take a bullish look at this company. The basis of this analysis is a basic assumption that no banking stock in Nigeria should trade at such a cheap level because it is a national level bank after all and although it may not have a brand presence anywhere close to the likes of GUARANTY , ZENITHBANK , UBA or FBNH it is still a national bank with presence across the nation. Also in this analysis there are some comparisons between UNITYBNK and some other banks. It is also worth noting that some points in this article were picked from a conversation between a potential buyer of this stock and a private analyst.





When looking at a stock, it’s important to find out the total outstanding shares number for the stock. So UNITYBNK has 38.4 billion shares outstanding. That is a lot of shares outstanding and will prove difficult to service in respect to dividend payouts or delivering a high earnings per share. But that argument does not really hold up when you compare with some other banks like GUARANTY (29 billion), ZENITHBANK (31 billion), FIDELITYBK (28.9 billion) although it’s a lot more than STANBIC which has little more than 16 billion shares outstanding.






In 2012, UNITYBNK posted PAT of N 6 billion. And in the first quarter of 2013, Unity posted PAT of N 2.12 billion on revenue of N 14.71 billion. Net interest income grew by 7% yoy and PAT grew by 8% yoy. Operating expenses also grew by 7% to N 7.3 billion during the first quarter. So Earnings per share for first quarter is about 5 kobo per share. So if we were to annualize it we can expect Unity to earn around 19 kobo per share this year. For 2012, Unity had EPS of 17.6 kobo per share.






The Book value per share for UNITYBNK is N 1.33 so it currently trades heavily under its book value. Unity is now trading at a P/E ratio of 2.84 times much below industry average and Price to Book (P/B) of 0.37 times. On these numbers the bank looks attractive.






On the flip side, Unity Bank is considered to be an inefficient bank by some analysts who think the bank is an underperformer because of its management. In 2012, the PAT increased by more than 126% so such analyst may have a point. If the bank can lower its operating expenses and management expenses then it will send a signal to such analysts that it was going through a change.






Also the loan to deposit ratio for Unity Bank stood at over 67% and that could lead to higher non performing loan portfolio for the bank. Analysts could be worried by that high ratio. An analyst who spoke with us pointed out that Unity is based in Abuja and is close to the government so it is possible that a lot of their loans are made to the government which could be good or bad based on which side you are on.





UNITYBNK has deposits of N 270 billion out of which N 99 billion are government deposits. So the bank could suffer at the hands of the recent raise of CRR on public deposits to 50% by the Central Bank of Nigeria. Also an analyst pointed out that "25% of their earnings come from bonds so they could take a hit as interest rates rise. And also that virtually all their loans are due in 12 months and this means they dont really have funds. "





The stock has not moved at all over the past one year and was at 50 kobo exactly one year from today. It did move up to N 1.20 in February but has gradually fallen back to the current level of 50 kobo per unit. While at the same time some other banks which can be argued to be like UNITYBNK in terms of size and numbers have increased by around 100%.





Therefore feel the market is punishing this stock unfairly. And we look at this as a buying opportunity at 50 kobo per unit. We basically see almost no risks to this investment at these levels apart from currency risk which applies to all stocks. However this should not be considered a recommendation to buy UNITYBNK stock because the stock cannot fall below this level according to the rules of the Nigerian Stock Exchange. Based on today's high volumes it seems some investors are already taking advantage of the low price today.

Big.game, can this work on galaxyTab 10.1?

Big.game:
How to use droidvpn unlimitedly on unrooted phones(preferably android 4.0. upwards)
install droidvpn, connect to any free server(free not premium), once its connected goto settings, apps, droidvpn, then force close droidvpn and clear data or uninstall. you are now browsing with your 100mb. once its exhausted, droidvn wont be able to notify you. you're now browsing unlimitedly. if it disconnects and you haven't exhausted your 100mb, repeat the process. but if Mtn network disconnects when you have exhausted your 100mb you are OYO oo.

Please gurus should respond.....especially on channeling and sorting

Tosade01: Good day to everyone on here.
I wanna stock my earthen pond with 3000 juvenile in 2weeks time which I intend to sell @ melange stage coz I don't av much money for feeding. I av some questions and I'll appreciate d answers from all ♍ɏ ogas.
* how do I sort dem to reduce cannibalism and also makes dem eat equally [color=#006600][/color]

* Do I start giving them Vita feed from day one as suggested by Robonski

* what iƨ̣̇ the effect of not covering the pond to reduce direct sun light

* Is it necessary for me to change the water b4 harvest

* My consultant advice me to direct the outlet of ♍ɏ concrete pond to the earthen pond, hope its a good idea.

Thanks in anticipation.

Pls send to newleaf247@gmail.com

Francheezy: MOBOROBO

MY PHONE Explorer


ETc

woooooowww. awesome app. 1000likes

Demdem:
What foolish elders are u refering to? It seems u are among these miserable lot. Elders that care less of their people but their cohorts and friends deserves no respect. Elders that eat a billion naira worth of food in a financial year in the midst of abject poverty deserves to be stoned to death. Don't play that elder card with me, make ur point or shut the ffuck up if u have nothing sensible to say.
@ topic
What am emphasizing is the deceit of these fools. We have been down this road before years ago for ur info. Am not excited because the govt decides to buy 40. The truth is until Jonathan leads by example by using customize innosun himself, all what u are seeing is just a mirage. Deal with that and shove ur elder story into ur arrse.

your H.Q is too high. try relax and free your mind

miqos02: @bolded, locally constructed or imported?

i mean locally constructed tarpolin pond with planks, and suspended from the ground to minimise effect of cold., any ideas?

ab1x: Tarpolin is better than concrete pond because,
1. It is less expensive
2. Easy to wash unlike concrete if u wash, it can lead to u repairing it.
3. It is movable. It can be move from one place to another unlike concrete which cannot.
And so many other reason which I can't remember now due to my present state(tired)

thanks sir, enjoy ur rest

hello gurus in the house
can someone explain in detail, any benefits tarpolin ponds have over concrete ponds?
is it also true that zooplanktons cant be cultured in tarpolin ponds?
thanks

Geniusvic: Enlighten me on how it works. I read it connects but doesn't send data

EEMEES: u can tether via hotspot if u use opengarden app on playstore

EEMEES: u can tether via hotspot if u use opengarden app on playstore

answers please

does hotpot sharing work over droidVPN?

please gurus in d house...
with driodVPN can you still
share connextion through
HOTSPOT?
am using n3

with driodVPN can you still share connextion through HOTSPOT?
am using n3

i usually enjoy 210naira daily free on-net airtime, after spending or reaching my 35naira daily target on my airtel
if i switxh to this new plan, will that still apply?

all, these in one tree? wow, too good to be true. how many of it can be planted in a 50×100 plot of land?

factory colour?
wheres your location?

all e-liars will go to e-hell

nice one