₦airaland Forum

aj8:
Agba, can the market be wrong? Price is arrived at by the forces of demand and supply right, driven by what? Our job is to guess the market as best as we could, in direction and stations, and sometimes on time of arrival or departure in whatever direction up or down. That’s how money is made in the market. The smart sometimes get it right and many times the smart don’t but remain smart if the losses are less than the gains in the market for them to remain profitable. The various analysis help to unravel this mystery, TA, FA, etc. Trying to make sense of something that a lot of sometimes look chaotic, but actual not, but simply the reflections of human emotions at the market. What would you then say of Tantalizer PE? The PE simply says, how long the market is ready to wager a return on investment in years based on earnings . It’s silly to expect anyone to wait 100 years if not that the smart person buying believes it will improve quite a lot in the future. If PE is today 100 and earnings doubles, it will half, and what if it quadruples… ? As new data comes in the market will adjust . NCR will too but probably not below 21.93 x 4 or 5 = Range of 87.72-109.65 until new data or information emerge. Sell off will bring it down to an equilibrium.

I am willing to wager that over 90% of participants on the NGX do not calculate the PE ratio of what they buy or sell

Agbalowomeri:
Una go still use this thing confuse unasef or na confirmation bias. From -22 to - 2 is 18 and not -22

Na bull market things

pluto09:
It is really crazy.
I understand a stock can attain any ridiculous price in a bull market with no tangible reason but the attempt to justify some ridiculous prices with some non-existing fundamentals is sickening to say the least.

People don't deliberately lose money. They rationalize the irrational and make bad decisions. That is where discussion forums become very useful. It allows one the ability to get other opinions. Smart people would take the counter narratives and re-evaluate their position.

pluto09:
Are you just being sarcastic here?
eps for q4 2025 is a loss of about N4

You go fear bull market analysis

yMcy56:
The stock NCR moved from loss to profit in the FYE and made good revenue...
That's something
Also considering the OS which is just 108M, with the substantial shareholder's holding over 73% of it, I don't really see them releasing it just like that.....
The news of bonus issue may make it a toast the more...
That's how I viewed it.....
The fact remains that the stock stood out irrespective...... hopefully, Artleos will restructured it the more...😊

Thanks for this explanation.

awesomeJ:
Just 111x PE na.

Some people's portfolios here gained more than the N192m the company made for the whole of 2025.

Lets see how easy it will be to get out of this stock now.

crownprince2017:
Correction is part of the game, you can never say when it will come, stop making it look as if it's a bad thing. Infact, to some of us, it tell us how healthy the market is.
Let the correction come...

Please when did I say or imply that it is a bad thing?

Agbalowomeri:
Fair price N40

Bargain price N20

I'm with you on this. Results are proving what I suspected. There economy is recovering but the market (excluding zenith and access bank) is over priced.

Correction loading

Streetinvestor2:
I don't think so.The facts remains MM releases 100k units daily just to move the price when u look at the number of units it trades daily.

Is that manipulation?

Streetinvestor2:
Scoa has done 100 % since I quoted u on it.Manipulation is real on ngx

I'm just curious, was there manipulation during the bear market?

ProphetUtuocha:
Let the wise sow
---

Behold, a season of strength rises for Access Bank.
What was once steady shall become mighty.
From discipline, scale, and silent accumulation, value shall awaken.

The market shall look again
and what was overlooked will be repriced.
Patience shall be rewarded,
confidence shall be justified,
and momentum shall follow fundamentals.

In due time, the price shall not merely rise
it shall transform.
What stood at one shall stand at two,
and the towers of expectation shall rejoice.

Let the watchers be glad.
Let the long-term holders smile.
Let the towers stand tall and happy.

So it is spoken.

May those that have ears hear and sow!

I just looked deeper at this company and I see where this prophecy is coming from.

Streetinvestor2:
Whr u wan see bumper dividend from access. No wahala time will tell

Last year they earned N16.71 and paid out N2.50 as dividend; That's approx 15% pay out ratio. This year I am estimating that they will earn N10.67. Using the same pay out ratio I am expecting N1.60 (remember they didn't pay interim). Given my entry price of N22.90 I am looking at a yield of 7%.

Now, it is also very possible that with all the forbearance issues clarified and the Macro economic environment looking positive, they might decide to pay out more. After all retained earning is up about 40% from last year (N28 per share).

Streetinvestor2:
Bros na jijo you don turn at old age..lol
You sold monkey to buy baboon

Yes oh. JIJO dey sweet. And make I tell you one secret, age na just for body. I still feel like a 23 year old.

With regards to Ecobank I will buy back but the potential bumper dividend that is coming with access is too juicy to miss.

With Ecobank I'm sure there is no dividend this year so there is still time

Panadee:
No longer ETI/Ecobank

Nope. Sold and bought access last week

egwue:
I have some fund available to me on short term basis. My investment goal is dividend and capital preservation. Just wondering if buying Access Bank at the current price is a good idea. Any advice from this forum will be highly appreciated.

Buy Access bank

Monibabakan:
I can remember it was one of those stocks mentioned by OGG then and as usual his recommendation was attacked by some folks. I bought 4m units @ 21k and sold @ 23k, the rest today they say is history . Lesson learned already, we moove

The only person that consistently buys at the bottom and sells at the top is a lair.

If you have stayed in the market and not made silly moves, odds are your return would be close to what you think you missed

KarlTom:
Can't blame them. There is still uncertainty about how much dividend will be paid.

I expect the sector to join after BMs...

I agree. I have started taking steps in anticipation of positive dividend surprises

awesomeJ:
3 sessions this week, and the index hasn't even gained 200 points!! Less than 0.1%

I just noticed. I have a feeling we are about to see some blood.

unite4real:
when it comes to Dividend yield, ETI is nowhere. Its yields are like the insurance companies

They asked for non dividend paying stocks

Kesta22:
Please house. Any non dividend paying stock that has potentials to grow this year?

Ecobank (ETI)

HesInMe:
I thought your conviction was valuation-based. You've been right so far. Stick to it na.

And promote Access while you're at it, as that stock is also Pan-African and "cheap."

This game is an art not a science. Valuation is my guide but I also look at what is happening around me to try and guess where the growth will come. For example, I cant help but notice that most Nigerians are dependent on Fintechs for their basic financial transaction needs. What I have noticed is that a lot of those temporary accounts that these apps give me are based with WEMA bank. That has put WEMA bank on my radar.

Funny enough from a forward PE basis Zenith bank became expensive than WEMA bank today. HOWEVER!!!! Wema bank has not yet released audited results so they most likely have forbearance issues so I cant really trust the numbers. and so on and so on..... I hope you are now seeing how my thought process works.

Valuation is the ultimate guide but there are a lot of unspoken things that guide that valuation. This is why forums like this are invaluable to me. You guys give me a perspective that the numbers simply cant give me.

HesInMe:
I thought your conviction was valuation-based. You've been right so far. Stick to it na.

And promote Access while you're at it, as that stock is also Pan-African and "cheap."

Access Bank is on my radar but when I compare access Bank, Ecobank and zenith Bank on a valuation vs efficiency basis; access Bank comes out third.

So, I will probably ride zenith Bank till the valuation vs efficiency ratio moves in favor of access. I could always divide my funds into the 3 banks but where is the fun in that. 3 banking stocks for me is too much diversification

HesInMe:
No disrespect, but see how you've flipped and flopped on Ecobank in less than 6 months like fish out of water:

Aug 6: "Entered ETI at about N36. Given the book value of the stock I think its ridiculously cheap."
Sep 19: "I read this article yesterday and bailed out of ETI today at N35, took a hit of like 15%."
Oct 28: "This stock is cheap oh!!! The negative retained earnings is really holding it back..."
Dec 30: "I started buying yesterday and finished buying today. Average buying price N42.52..."
Today: "ETI has touched N50. I wont advise anyone to sell... Ecobank is a play on the Ghanaian Economy." "This game is so easy it should be illegal. I really feel sorry for people that keep buying/selling without doing valuations."

I react to the news (as I see it). Let me show you the article that made me sell

https://gomezconsult.com/ecobank-in-race-against-time-as-non-performing-loans-set-to-exceed-70/

One thing I will tell you for free is that insiders know more than we do. So when I read that article I sold first and asked questions later. When I saw that the price was not tanking I bought back with the belief that they must have a grip on their issues.

If you follow the Ecobank thread on my blog you will see a more robust discussion

Plus at the end of the day my loyalty is to my money. I don't hold a lot of stocks but the few stocks I hold I watch like a hawk. I try my best to hold the cheapest stocks based on my valuations

essentialone:
https://in.headtopics.com/news/zenith-bank-plc-shares-listed-as-top-pick-ahead-gtco-and-78553212

Shey na Joe Budden get that song titled Pump it up.

We are here for you people and we no dey sell until........

Very soon articles about Ecobank will start coming out.

nosa2:
I am adding this SCOA to my bedsheet oh. This company looks like something that may just be sexy.

Analysis to be posted on my blog later tonight

Analysis posted. Go and read if you interested

https://ngxforum.com/thread/55/nigeria-plc-scoa?page=1&scrollTo=490

PETERiCHY:
SCOA is one of the stocks I inherited from my dad of blessed memory, who knows they might be the BETA GLASS of 2026.

BARGAIN HUNTERS TAKE NOTE!

I am adding this SCOA to my bedsheet oh. This company looks like something that may just be sexy.

Analysis to be posted on my blog later tonight

KarlTom:
That's where the gold is located...

You people are wicked

SonofElElyonRet:
Japaul is working underground

Working hard to carry your money under the ground

Streetinvestor2:
The first current account I ever had was with oceanic bank.
The first stock I had in large numbers then was oceanic bank.The first loss I had in six zeros in this business was oceanic closing down .Till date I don't understand how the take over reconstruction happened. All I knew was my investment was reduced to worthless. You can never find me and ecobank in same sentence. I even abandoned my current account with them join

No wahala. You can buy Zenith Bank

Streetinvestor2:
If it is based on politics. I will disagree with his position. as ngx stands to be gold mine. This government is so corrupt and has looted so much for this election. All you need to say is I stand on his di.ck and collect billions.
And anyhow some will end on ngx.You see that ASI will touch 250k this yr for political campaigns

Election year is just as good a reason as any.

As I stated with the tax excuse, market commentators will always find a reason for market movement. The fact is that the Nigerian economy is due for a repricing, and the stock market is not going to be left out. FMCG sector has been repriced and now its the turn for the banking sector.

You can choose to say it is because someone saw big foot or because it is an election year; my own is that make you sha buy Zenith bank and Ecobank stock.

jonnysessy:
Please tell them. Zenith bank should be rubbing shoulders with GTCO. It should not be trading N70. I believe their dividend will be higher than GTCO.

I believe your believe. Lets pump this belief!

nicestlady:
Any thoughts on the MCO Penny ltd savings? It promises 26% interest per annum with upfront interest payment. How safe is it? Anyone invested before?

If they are going to pay you 26% how much will they now lend to people?

So, their website claims they are licensed by FCCPC. FCCPC website claims that their mandate is to

The mandate of Nigeria's Federal Competition and Consumer Protection Commission (FCCPC) is to develop and promote fair, efficient, and competitive markets, ensuring access to safe products and protecting consumer rights from abuse, exploitation, and unfair business practices across all sectors of the economy.



Please how do these two relate?

If you are looking for what to invest in go and buy Zenith bank and/or Ecobank (ETI) shares