₦airaland Forum

Olaide1295:
Where is Nosa2 in all these Access discussion.
No dividend for H1 2026 again! Wahala be like bicycle.

I'm here oh! Any better?

chimex38:
That's too narrow a perspective to me.

There are so many other benefits.

But I guess that's yours.

I don't give people money. I don't answer people who ask me for cash gifts.

I help by investing in a business. Give a loan. Teach or explain things as best I can if I am knowledgeable about the issue. I also don't prompt on any of these things. You have to come meet me with a viable business you want me to invest in etc.

Life is not a bed of roses. You hear me praise SMN for changing my life. You see this valuation matter, I learnt a lot from professionals on that forum. I read a lot of books, constantly called and argued with people like Horlads, KOD, madam Pegi, and so many others. A lot of these people have migrated from being online acquaintances to friends. Heck they have graduated from friends into brothers. Our closeness stems from me constantly bugging them on phone with what I am analyzing. Things I didn't understand and my general thoughts.

You cant be spending your spare time doing betnaija and think you will be rich.

Agbalowomeri:
What is very concerning though is the terrible wage structure which the private sector is also exploiting. For the current realities on ground, minimum wage should be N250k for a decent living

Very true. Wages are nonsense right now. I heard a graduate in Abuja gets paid like 250-300k. Like how you wan survive?

crownprince2017:
Educo, na small change from my ellah loot I used to buy that access for jijo..

Make una no collect part of it, thank God oga Nosa is on the marketing segment una no fit collect part of it.

Thank God I have a way of detecting oga Nosa on queue, once I see am for sell queue, I know what to do...

Agba must not laff me...

I no sure say I go sell Access soon.

I am reading the bearish analysis/comments but I think everything being mentioned right now is either gossip or has been factored into the price.

For a bank to be trading at 33% of book value no be beans oh. A lot of negativity has been priced into that valuation

crownprince2017:
You forgot that time we they tell educo about trusting banks, the realities is here...

Well, I bought few unit at 24 after 9months report but greediness make me forget I bought it as jijo..

He go dey trust Nigerian bank ke...

Agbalowomeri:
EDUARDO wey don sell run

But CBN gave ample notice of forbearance loan write-offs na. Or am I missing something about Access?

crownprince2017:
I agreed with Nosa that people need to take their destiny into their hands, government will always come n make both good and bad decisions but our responsibility as a person is to see how we can benefits from those policies.

And if you see things aren't being addressed satisfactorily do something about it

Streetinvestor2:
When people protest in this part of the world. They end up as moving target or dumped in prison cell without trials .That is if you don't get the beating of yourife first from uniform people

Is it not better than for "Nigeria to happen to you".

See let me not give my farming experience here. One of my workers who was from the village, who's family is all into agriculture is constantly begging me now on whatsapp. You have community leader, counselor, you have local govt chairman, you have State governor. All of them get allocation to solve your problem and yet you are coming to meet me to solve it for you.

The suffer never touch am.

Streetinvestor2:
LWKD. How can I insult my oga.
I don't pretend. I say as e dey my mind
I don't believe that many Nigerians are poor because they actually made wrong choices.
I believe the macro economy is killing many business mostly the SMEs in nigeria
And many fall into this category. This is why the poverty level keeps going up and not because of bad choices

If people truly believe this then why don't they protest these policies?

See, I can tell you first hand that farmers are suffering or at least suffered from this herder crisis. I witnessed it first hand in Nassarawa. Rather than moving to the state governors office and sitting there until something is done, they will sit in their huts and keep getting killed.

The docility in Nigeria is unbelievably annoying. Its almost like the politicians have used juju to tie the people

crownprince2017:
This is a fact, I'm a business guy too n I understand this reality as well but I was lucky to act fast in 2023 because I saw this coming, I discussed it with my immediate friends why I felt money should be move into stock market some followed the advice while some didn't. I can tell u that the once tht did not are facing a lot right now..its very hard for business out there.

Many were thinking if I moved most of the money to the stock what will I be doing, people will think something is wrong, so emotional n I reason with them, we can't all believe in the same thing because even the stock could go wrong..

I can tell you, they realized they made huge mistake then n they are really paying for it darely.

After the occupy ojota protest I saw the collapse of the economy/currency coming. I took two steps, I moved my investment focus entirely out of the Naira and I setup a farm with the belief that food prices will drive inflation (and I was right). What I didn't see coming was that the violence which typically follows economic collapse would affect farmers as well.

This is me identifying what I over looked and moving on from it. Every human being is an architect of his own destiny and fortune. If you believe the government is bad come out on the street and protest whenever you see activists calling for protest. Join activist movements, defend your vote, DO SOMETHING ABOUT IT!!

You cant sit down in poverty and be screaming that the government is bad and you are waiting for Jesus to come and save you. Look at what happens in other countries when their government messes up? small hardship and the streets are full!

People need to realize that they are the architect of their own fortune. I don't owe anybody poo and nobody owes me poo either.

Streetinvestor2:
How many practical businesses have you opened that is successfully Mr smart choice.
You can't even pull traffic to your platform .So if that iwas what was going to be paying you bills. How much do you think it could have been generating. Abeg go and be enjoying your 30-50 gamble on stocks.
Nigerians are hard working people .The government and business environment is failing many.Is not like they don't give opportunities a shot.
Look around you,new businesses spring up steady but die because of different government failed support for the economy to breathe. Many businesses have failed today because of two major things..power/security

Hehe... ok.. you got me. I am going to cry now.

Aside from insulting me (or trying to); I believe the point you are trying make is that businesses fail. Or am I missing something?

I am asking so I respond accurately to your point

emmanuelewumi:
I don't need anybody to bow for me. The more the merrier, the happier, the richer.

Expecting people to bow for me will affect my pocket and ability to invest, it is better to give a one off assistance that will make them independent, teach them what we know about saving, investment and money management

This goes against observed human behavior


The results explain why making everybody in society richer will not necessarily increase overall happiness - because it is only having a higher income than other people that matters.
Culled from article below
https://medicalxpress.com/news/2010-03-money-happy-richer-neighbors.html

Same Study
https://www.sciencedaily.com/releases/2010/03/100322092057.htm

But this is the internet so.......

Streetinvestor2:
That you sit in the comfort of your room with your phone or computer to play ngx does not make you smarter than people on the street who actually manages thr business. The are putting all effort to make it and not be poor. Then the government is running the economy via different policies which ends destroying the business and making them poor.And you tell me they made wrong choices. That is why many now resort to betting and some yahoo. Some of my friends have gone poor because of devaluation of naira to sharp curve within short intervals. And it cost them thr business capital and is not like big businesses that can just come to raise new capital,restructure thr loans or the loans written off.If you are not doing practical business I don't expect u to under what businesses on the street is facing

All this one na emotional blackmail.

deathwing:
I didn’t realize the people in this thread were actually so divorced from reality and therefore believe in their own hype. I no talk again. Make we dey talk Oando and Access dey go.

Did you hear the news about the comments from the moniepoint CEO?

See all those your charity cases, open a business and employ a few of them and you will see why they are charity cases.

In any case who reality epp?

Streetinvestor2:
Why do you keep sounding this way.
When you whr canvassing for people to be part of your moringa farm.Which obviously later failed.Was it because of the wrong choice you made then because you whr too sure of it.Or nigeria happened to that choice or business idea.If anyone contributed his fund into it would it have been a wrong choice he made.The government is destroying small and medium businesses with bad policies and failing economy and you are talking about wrong choices. I have closed 3 businesses since this government came to power because of high cost of power to run and sustain the businesses and you dey tel.me stories. One of the business was closed because of security reason because I can no longer be travelling that way by road quarterly to go attend to affairs of the business so after alot of mismanagement because I no longer come around.,t closed shop

Yes it was a wrong choice by me. People invested via debt and they got every penny back plus interest that was agreed. I ate the loss alone.

I own my mess ups. I learn from them and I keep it pushing. I am not going to sit down start whining and blaming the government.

Even if the government is messing up it is up to those suffering to do something about it.

I don't think this government is perfect, far from it, but so far they have done things no other government has been able to do for decades.

Does that mean they deserve a second term That is for each citizen to decide. No be me go tell you how your shoe dey pain you

emmanuelewumi:
Don't just give them fish, teach them how to fish.

Teach them how to change their thinking and their lives will start changing for the better

Dey play. A man who knows how to fish is a man that will not bow to you tomorrow. How is that in your best interest?

deathwing:
Lol. Of course. That is not at all in contention. I just took issue with the part of the OP post that I quoted, and nothing else. Consider me talking from the point of view of an empath. I know terrible things are happening, but I would never use poor,unlucky people to make a point regarding my own success; I feel the pain of many too much, even though I am mostly above it, by the grace of God.

I know how many adults’ school fees I’ve paid, money for fuel I’ve sent to hardworking, hustling people so they could run their generator and fridges and so forth to say something like ‘I don’t know why etc are cursing leaders because NGX gave me dividend’. It’s ok sha. As Una talk, let everyone do their reality dey go.

Who empathy epp?


Castro died a billionaire in dollars, $700m was found in a Swiss account of Maduro, Chavez left an estate of $11b.


Socialism is means of control and manipulation

HesInMe:
Hear, hear.

This comment is more balanced na. Your previous one seemed to excuse our leaders (and I mean all of them, not just the current admin) for the perilous state of the real economy -- because the stock market is doing fantastically well. (Although, credit to you, you weren't arguing like others have here that massive, blatant corruption is somehow good for us.)

You do control your portfolio, but we who can speak grammar and move markets also collectively help shape the conversation we have as a nation going into an election season. Broadening the prosperity -- translating the pain of structural reform to sustained productivity gains -- must be the focus now, whatever your politics. Beginning with improving basics like electricity, security, and transportation logistics. which affect both the investor class and the poor.

The stock market is forward looking. This means that the stock market is expecting the economy to do very well in the future and I AGREE with the market.

jonnysessy:
A lot of people no get joy in this NSEMPA platform, a lot of gbas gbos flying around. I don't blame anybody but, it is the reflection of the country today. We should all try to be calming down as this is not peculiar to any individual. It is a general thing, just do the best you can and try and put up a smile, if you carry the burden on your head, you will just die for nothing. Just try and take things easy.

Who peace epp?

Everybody is enjoying the dividend of their sacrifice. Some have taken position for the next leg up (or down). Abeg let's do small violence.

When Access hit 60 we start to look for the next opportunity. Till then.......

deathwing:
You yourself wrote "This reality led me to a deeper question: Why do so many citizens of this same country, one that is rewarding many ordinary citizens handsomely, spend so much time cursing it and its leaders?"

You drew a line from your $9500 dividend to cast aspersion on people who are cursing the country and leaders (and rightly so, since we are amongst the poorest nations on earth). I endeavoured to let you know that it's not all about money..and that your metric for success is dim. People just above minimum wage in some countries live better than most of us in Nigeria. The woman you pitied because she got $335 can get a helicopter to a fully funded hospital if she collapses. She can get social security, loans to pretty much buy anything she wants, insurance to take care of her most expensive health bills, and the assurance that the police and three helicopters will be at her location if she calls 911 even inside a forest.

I have no idea why you are calling me broke and bitter even though you don't know me, and I made no reference to your own status. I don't care about the dividends you received. Your story does not move me because that's not why I am here. I am simply letting you know that your reality is but a slim vista and that you can be more empathetic.

This Una conversation dey do me to enter.


Everybody cannot be rich but plenty poor people are poor because of their bad choices. One of those choices is not taking responsibility for their destiny

Agbalowomeri:
Yes, because markets are efficient and have their reasons for pricing one stock over another. It is not only assets that determine stock prices

No be to carry toxic asset full body, how much are you squeezing out for shareholders from the earnings? ACCESS is probably the most inefficient bank in Nigeria. If the story changes tomorrow, maybe the market will respond. Until then, it is what it is.

Exactly. Buying Access bank today is a bet that management can deliver on their plan

ogawisdom:
The bleeding gradually loading

I have a feeling that the bloodshed in the banking sector wont be bad. There are some sectors that need to lose a lot of weight but I also see a lot of money on the sidelines waiting to buy banking stocks on any pull back

Agbalowomeri:
Oga e never reach one week wey you buy ACCESS you no wan allow us rest. Better wear your patient jacket and pick ya seat. Plenty people don dey this bus for years Lol

Slammmmmmmm:
He just enter bus wan dy hurry driver for bus station

Na una fault say una no sell una market

isaacosas01:
Let’s say you hate Access. Let’s say everything bad you’ve heard about it is true. The dividend is never coming.
Fine. Even if every single bear case argument is correct — Access should still not be trading at ₦25.50.”

My ₦54 short term price target requires one assumption — that Access Holdings continues to operate as a going concern. That’s it. No dividend. No earnings growth. No re-rating. No good news. Just existence. A bank with ₦53.4 trillion in assets, 60 million customers, operations across 22 countries, a CBN banking licence, and ₦4.33 trillion in verified equity does not trade at 0.31x book indefinitely simply because investors are unhappy with management.

Even the analysts who have never recommended Access, who have the lowest price targets on the street, who are most sceptical — their bear case is ₦33. Not ₦25.50.”

At ₦25.50, the market is saying Access is hiding ₦3 trillion in secret losses
Access has ₦4.33 trillion in audited shareholders’ equity. At ₦25.50, the market values the entire company at ₦1.36 trillion. That means the market believes ₦2.97 trillion of that equity simply does not exist

You are buying Africa’s largest bank by assets for less than 2 years of earnings
Access earned ₦743 billion after tax in 2025. It earned ₦216 billion in Q1 2026 alone — annualised that is ₦866 billion. At ₦25.50, the entire company costs ₦1.36 trillion. You are paying 1.57x one year of earnings for a bank with ₦53.4 trillion in assets. Africa’s largest bank by total assets — trades at 1.57x. That is not a discount. That is a pricing error.

My brother it is free money. I don already dey reason say I no go buy suya with the profit this time. E be like say na roasted guinea fowl I go buy.

You see how everybody thought Zenith was always going to be stuck at 60 and now they are waiting for it to fall to 90? A time will come when Access will be trading at 75 and people will be waiting for it to fall to 50. No be today nyash dey back.

P.S Access is my largest position and I am over incentivized to sell my market. I didn't work hard for your money so I don't care for it as much as you do.

Asangbekoko:
I still dey buy o

And you should.

I am always seeking alpha, i.e looking to get the most returns for my money. I bought Zenith at N60 and sold at N92. I also bought Access at about N23 and sold at N26 (not too sure of the exact numbers). I used the proceeds of both trades to buy ETI at 48.

Now ETI has given me about 60% return while Zenith has only done about 40% on my selling price and Access has remained flat. When I was selling Zenith and Access I didn't sell because I thought they were bad companies or stocks, just that I believed that ETI at 48 was a lot cheaper than both of them at the time.

I honestly believe ETI is heading to N130 hence I didn't sell everything but then I also believe that Access will touch N50 before ETI will touch N130. And in any case even if I am wrong I have both so I will chop either way. Plus I had too much ETI for comfort so I needed to reduce it.

chimex38:
You didn't have to answer me though.
It was just a rhetorical question as I indicated.

You've said it countless times that you owe no one.not a team sport, etc...

I was Just rephrasing your own wordplays as you were marketing ETI then and now about to market Access.

#Just cruise

I knew you were joking. Just felt like answering

ositadima1:
Based on chart analysis, I will enter Accesscorp around 20 for JiJo. It will get there once the “hot hands” finish blowing their money. This is all subject to the overall market regime, if it tumbles, it could even drop to 10. Lol.

May the gods of the market not hear your prayer

chimex38:
"Have you sold your ETI today?"
#Rhetoric

Sold 80% of my ETI left 20% for long term (or as the spirit directs).

Took out of the 80% to buy suya and cold beer (need to enjoy life small).

Used the rest to buy Access Bank and Transcorp.

KarlTom:
No need.
It's actually cheaper today...

Will they buy back today?

Factoring in tx fees for both trades is it actually cheaper?

Abeg leave me to tension dem in peace

Agbalowomeri:
The only reason I will agree with you is because of the imminent frontier market admission

Over the next 2-3 years I suspect Access will give outsized returns compared to the banking index or broader market.

P.S. As a proud Access bank shareholder I am now in full marketing mode

isaacosas01:
So i bought Access corp today at limit price of 25.7.

Selling pressure is no more.

Now i can talk about access. One thing i would say is a BAD price for access should be 45 - 51naira.
Like if you look at access with pessimism then the price should be 45 - 51. There is absolutely reason access is trading at 25.7 naira right now.

I would love to feel sorry for the people who sold yesterday but this is not a team sport.

Agbalowomeri:
Lots of patience needed here but it will fly over a 100 when they are ready. Between now and immediately after the election

Currently 3.5% of my portfolio though I will continue to increase as time goes by

Shalom428:
One of the best decisions I took this year was exiting my entire position in Transcorp. Na so the stock go dey range between 39 - 55 for the next two years. Good for Jijoist.

Follow The Money

My buy order for transcorp is partially filled as I type.