₦airaland Forum

mikeapollo:
Wale may be cooking something novel.
Just pick their accounts; look at figures under ''Company'', rather than ''Group''. Key parameters are positive; the trick may come from there. Incidentally the share capital is identical for both Company and Group

The only thing Wale cooks is his shareholders

Streetinvestor2:
Why I call out this audio pattern is because it has future targets
Why is one man rated today in naija as a great political strategist. It is simply,he has been lining his cards over time to achieve his devilish future plan or targets. You gradually believe in him and he throws his rope to catch many fish.

Oyinbo man I go chop your dollars
National Airport na me get em
Nnpc na my other businesses
All na for what purpose..lol
So maga go fall..Na him be yahoo

Who say I no sabi find trouble. I be betteri trouble shooter for teenage age

I get where you are coming from but you can never really know. In any case ANYBODY THAT GIVES THEIR MONEY TO SOMEONE THEY MET ON NAIRALAND TO MANAGE FOR THEM IS A FOOL and deserves to have their money stolen.

I believe that not everyone should be managing their portfolio themselves but there are SEC licensed firms that will manage your funds for you or better still buy an index fund.

Right now we are in a bull market and it is not hard to pick stocks that will go up. So it is easy for me or anyone else to sound like a "guru". There are no guru's in this game. There is no secret sauce. Anyway make I no start to rant.

Just free the guy/girl, I actually share your sentiments but last last you never really know.

mikeapollo:
I just hope Access can remain at same price or below so I can load more. That stock will N60-N70 in no time.

Funny enough I am with you oh. I really hope it doesn't rally soon

leo1234:
ETI is out of reach and we are not interested.

At N93 ETI is trading at a book value of 0.8 and a forward PE of 2.79 (based on Q1 results)

That is still cheap any day. Not as cheap as Access but definitely still cheap.

P.S I sold some more today but then I no get sense and I want to gamble on some call options in the yankee

Streetinvestor2:
You may be right but this audio has maintained this pattern for long. He has equally succeeded in using it to sell junks after warehousing it with his gang
5 million here and 10 million thr is real to grow into billion but this audio dangota they always lie about volume in every stock mentioned here.Infacat when directors dey sell for companies na him dey take over thr positions. Na him dey release 100k units in big companies to move the market. Na him sabi watin dey always happen inside companies that he no go want talk here for political or other reasons. Haba now,we no be children here.If you don dey follow thus thread for long. You can comfortably guess the billion guys here. Anyone I call my oga here get why so dey check people I dey use em for...e get why
Agba na one of them
Emm
Nosa2
And some others

Amen oh!!!

I never quite understood how you guys interpreted the news about having to reduce percentage of foreign ownership to be bad. I didn't talk at the time because this is not a team sport and I will gladly watch my opponents make a mistake.

Shebi they will sell the excess stake for money? Anyway it was panic season and all news would have been seen as the end of the world

mikeapollo:
I bought the public offer and have not even dematerialized the share certificates up till now. I think I need to do something fast.

Why? The stock is still cheap. If I didn't have ETI I would still buy at this price. But I do so I wont.

megawealth01:
Just a few left as rewards to ECOWAS

Access bank sellers no just dey do well at all.

Offers seem to be drying up. Dem no know how to panic well. Mstcheew.....

ETI @ N93

Hope you bought your ETI

megawealth01:
It's 5.16am here and I'm awake because I want to build generational wealth and I see access as one of the vehicles...

I buy good volumes at every opportunity I get. I've been doing that for years now

Oh, you're not in Nigeria

megawealth01:
ACCESS dumpers I woke up this early because of una. I wanted to see if I will get in at sub 23 today but una fall my hand

So we plenty for this whatsapp group.

Streetinvestor2:
Those crying at the burial can answer the question best.why was he hiding the money in those tax heaven. Thank God many will be lost as karma is real.Money even fmly can't access is always crime money. No genuine money will the owner not put things in proper perspectives for fmly to access in such case.
We dey naija and operate on the street. Na so alhaji take they hide his wealth for different secret holes.Na criminals and drug dealers they do such.it is dirty money

People make these decisions for a whole lot of reasons. Yes, crime is potentially one of them but it is only one possible reason out of many

rmx:
And you believe this by any stretch of your imagination?

People actually underestimate the amount of legitimate wealth in this country. Anyway we are a nation driven by bed belle and jealousy.

Streetinvestor2:
8Leave talk.The man was confirmed barawo.And equally represented other barawos.That was why cry at his burial was loud

What exactly did he steal?

SonofElElyonRet:
May not be inherently illegal but oftentimes used to evade tax and hide ownership of assets

Tax reduction is not a crime

leo1234:
This is huge

The man maybe wealthier than dangote.

Do you know how many people in this forum do things like this?

Having offshore/shell companies is not illegal or difficult. There are a lot of companies/lawyers in Nigeria that offer the services. Once you become intentional about your legacy you will see that these things are not very complex or difficult

HesInMe:
Not gonna lie, I read the words twice and still really didn't get the point.

Me I just sabi buy good, buy low, sell high. Shikenan.

How do you determine what is low and what is high?

ositadima1:
I want to introduce you to the world of technical analysis. Maybe you will end up liking it more than ofe akwu and rice with assorted meat.

ACCESSCORP did over 2.4 billion naira in trades. That means some people wanted it so badly that they collectively spent over 2.4 billion naira buying it (buy side), while some other people did not want it for various reasons such as profit-taking, rotating into another stock, dumping, impatience, selling at a loss, converting inheritance to cash, buying land, paying for a burial, funding a wedding, paying debt, and many other reasons you can think of (sell side).

What is interesting is that these two sides are independent of each other, and nobody was forced to buy, although some sellers may have had their hands forced for one reason or another.

Now, assuming these buyers came in today wanting to buy, but there were very few sellers, what do you think would happen to the price? Yes, they would start buying at higher prices. It is also true that many people would refuse to buy if they do not have a strong reason, but the buyers who are willing to buy will still push the price higher because the few sellers available will immediately sense the imbalance.

So my point is that a stock does not move because of news or fundamentals alone. Sometimes imbalance alone can move it. The funny thing is that most people do not even care what is moving it. What they want to see is motion, and once they see motion, they start buying until the sell side comes back with heavy supply.

The end.

Very true.

Another thing to add is that smart money on both sides starts picking up volume if the price and fundamentals start to mismatch. This is where fundamentals is superior to technical.

Technicals read the emotions of market participants, fundamentals drives decisions of smart money

megawealth01:
They will never learn. Many dumped MTN, Nestle etc 2024 but look at the prices now. People don't learn from history so they should bring on ACCESS...

I don't have UBA time now because it has not come to my junction yet

That one even made more sense. The economy was just starting to turn around. Right now we are in the middle of a raging bull market, the CBN telegraphed these write-offs months ago. Yet people are acting as if the sky is going to fall.

Anyway I am grateful to the sellers

megawealth01:
Got a good volume of ACCESS at 23.65 naira today...

We go again on Monday... All of una dumpers. Make una no tire ooooo

You wan tension people!!! Very wicked somebody.

If you don't need the cash and you feel the urge to sell Access right now you might be better off buying an index fund or giving your money to a Licensed fund manager.


NO GO GIVE YOUR MONEY TO NAIRALAND GURU OH!! Dem go use your money chop Suya

Kpartners:
Less than a year

That's vague

Kpartners:
My patience with Access is finally over, sold at #24, lost some money, but still better for me. That money will even be more profitable in a savings account

How long were you holding for?

Streetinvestor2:
I am waiting to see you get it right this time on access. It is just that you don't have time frame for it but FBNH will deliver than it start with yesterday close...bookmark this post.i will use this yr as my time frame

I be juju man wey I go give time frame? I am only drumming up support for a stock I own so I go see who to dump on

mikeapollo:
Anyone who has invested (or is investing) with patient funds should not sell off these banks.
The banks have always led the growth in the NGX

Patient bawo. In a few weeks time people will be rushing to buy access at N30

isaacosas01:
I think i should buy more access. When i bought at 25.6 i said i would buy more at the 23 region.
It has come and all the negative vibe has made me hesitant.
I am not selling a single units because the financials speak and speak very clearly.

I know i’ll regret not buying more soon.

I don't feel comfortable buying a stock or sector if the news is not negative.

All this negative gossip is gingering my swagger. I am looking at Q1 result and just sipping my palm wine

Streetinvestor2:
correct guy
Wema still dey learn work based on this eps when annulised too

Nosa2 u need to change party now from access to FBNH

I just bought more Access at N23.7.

ETI at N88

Mic drop!!!

pluto09:
Look well o.
The bank is doing well no doubt but the eps is annualized and not just for one quarter.

I've been getting Claude to update my spreadsheet automatically. I'll check if it didn't catch this. Thanks

Stockhunter:
So wema bank eps in Q1 2026 is more than their entire 2025 eps. Interesting.

Q1 2026 eps is 7.90 while entire 2025 eps is 7.08. this was achieved not recovering from loss o. i think the market is underating this bank. If the earnings hold for the rest of the quarter or even do 5 naira for the remaining 3 quarters, thats over 20 naira eps. Matching that of the fugaz like zenith and stanbic.. if we do PE of 3.5x thats above 100 naira... In less than 2 years wema go touch 100.. i need to beam my touchlight on this stock though not a fan of banks

Is there any blind spot i am missing.

My spreadsheet flagged it as well. Projected ROE is over 147%. I haven't had time to go through the books but the unusually high ROE made me think there is something wrong with the numbers

mikeapollo:
I have realized that most Nigerians who become privileged or blessed don't know how to remain humble, modest, keep low profile and be less boastful. They think they made it because they are smarter than others, and those who are underprivileged or still struggling are less intelligent, less brilliant or not smart enough.
That is why whenever they have some anniversary or occasion to celebrate, they would invite musicians to sing their praises and use the opportunity to brag that they are better, superior to some unknown or imaginary rivals or enemies etc. Just to prove that they are ''above them''

Its not that deep

Agbalowomeri:
Yeah na the patience be Koko now.

Just zero mind for 18 months. Could be paying N5-N6 dividend by then

That is why they tell people not to invest with their chop money or school fees.

Agbalowomeri:
You see now that dividends drive banks and not valuation

You know we've has some version of this conversation 2 times before.

Things look gloomy now but where do you things will be in a year's time?

Agbalowomeri:
Una wan finish Oga Nosa's profits for here

I'm telling you. Down about 11% and counting.

Forward PE: 1.67
Price to book: 0.3

Who price epp? Make market dey do tombolo tombolo dey go.