₦airaland Forum

customstreet:
I will try my best to help my colleagues here to identify stock(s) that can make them millionaires and billionaires for those that believes in my recommendation

Please do....

Any news on UCAP

Flour Mills Nig Plc on my mind.

https://www.legit.ng/business-economy/industry/1558997-dangote-supply-electricity-nigerian-household-companies/

Good news all for Dangote Group of Companies. Not a buy/hold/sell recommendations pls, due diligence applies....

Masters of the game/Gurus in the house. What's our focal point today? Banking stocks or what?

https://nairametrics.com/2023/10/14/dangote-sugar-refinery-aims-to-boost-production-to-1-5-million-metric-tonnes/

Not a buy/hold recommendations. Due diligence applies...

ogoo4real:
This UBA that is going south instead of going north. I doubt if UBA can cross #18 today not to talk of rubbing shoulders with GTB & Zenith

Access bank is busy dragging every other stocks down with it.

PETERiCHY:
Very soon UBA will be rubbing shoulders with GTB & ZENITHNBK meanwhile ACCESS has been left behind

This UBA that is going south instead of going north. I doubt if UBA can cross #18 today not to talk of rubbing shoulders with GTB & Zenith

PETERiCHY:
UBA heading to full BID while ACCESS is heading to full OFFER.

BARGAIN HUNTERS TAKE NOTE!

UBA is dulling seriously, though Access heading south is expected but just for today.

PETERiCHY:
Imagine selling UBA @#30 to buy ACCESS @#10.

Too imagination will not kill me

😀😃😄

How I wish one can decide which way the mkt will go. But nevertheless tomorrow is most likely going to be like this...
Access bank vs UBA = Bears vs Bull

[quote author=sky2891 post=125978261]Copied:

*Summary*
Total Comprehensive Income for UBA as at June 2023 stood at *821.03B* (Page 28 ) while Access Bank was *N556.78B* (Page 4)

UBA total OCI comprises Profit After Tax of 378B + and Other Comprehensive Income of 442.8 making the bulk sum of *N821.03B* while Access has Profit After Tax of 135.4B plus OCI item of 421.3B making total Comprehensive Income of *N556.78B*

Also Access Bank too reported FX gain in the Income Statement but very minimal .
Access Bank reported FX Gain of *192.04B* (page 45) while UBA reported *418.2B*(page 28)

Access Bank Net FX position was minimal due to their huge exposure to Euro Bonds Issuance while UBA was very positive with the highest FX net position the industry as at 31-12-2022

FX gain was reported in Access Bank profit statement as 192B and was considered in arriving at their Profit Before Tax .

In my view , Access Bank result was knocked down due to the high Interest Expense .

Last year Interest Expense for June 2022 was *174.8B* for Access Bank while same Expense head for June 2023 jumped to *383B* representing about *118.8%* negative variance .

Note that the total expenses payment by Access Bank is higher than FX gain .

*UBA*
PBT - N403.6B
PAT -. N378.2
EPS-. N10.96
Total OCI - N821.03
Interim Div - 0.50k

*GTCO*
PBT -. N327.3B
PAT -. N280.4B
EPS- N9.94
Total OCI -. N358.9B
Interim Div -N0.50K

*Zenith Bank Plc*
PBT - N350.3B
PAT -. N291.7B
EPS-. N9.29
Total OCI -. N494.09B
Interim Div- N0.50K

*Access Bank Plc*
PBT -. N167B
PAT -. N135B
EPS- N3.74
Total OCI -. N556.78B
Interim Div - N0.30k

With these analysis UBA no suppose dey below Access bank at all. Infact it should be trading above #20 bench mark.

Oando with 143m volume traded today. What's the next target level to look out for please?

UBA influence has really turned the mkt around today. Oando has reversed today for newbies to join the bus as profits takers hit the mkt this morning.

Princkez:
this one will touch #20+

It will definitely move up but not so fast to get to km #20. The same way we all expected Fidelity bank to move up to N10 with 0.25k dividend but the highest it did was N8.80k.

Princkez:
UBA......,50k dividend

This is a mouth watering dividend. Kudos to those that entered @12.90k today.

yMcy56:
They're currently packing Sugar @52....
Over 7M in offer @52 cleared....

Finally, though sighted @53 now but most likely to close @52 today.

yMcy56:
Its okay sir. Thamk you.

GTCO back at yesterday's close, 35.50!!
Wow!! Some people are already sitting on +8% or thereabout......this market sha.


WAPCO @29.50, UBA @14.....turned green......
ACCESS @15.60......
TRANSCORP from 5.45 to 6.03 as at now....

The banking sectors are all reversed while Dangsugar and Nascon re still on Full Offer Nawaa oo. What a bad market?

So much confidence in Oando with early morning full bid @8.45

eziokwunwoko:
Is it a Buy or Sell recommendations. Can it break N72 plus ?
Shed more light.

It will most likely touch N70+ this week. Recommendations is hold for both Dangsugar and Nascon but due diligence applies!!!

Princkez:
OANDO....

Oando still on full bid @7.70

yMcy56:
You wan rush out of Sugar or Oil bah?
My ogas says you should go and become investors, so you can stop pursuing upandan of prices.....

ATM, OANDO is 7.10/7.15....
Sugar @64.75...

Seems someone or an entity is exiting Sugar, maybe suspension time is getting close or something.....but the more he's selling, the more some long termers are buying.......from observation...

Am learning from the masters now. No more Jijo

yMcy56:
SUGAR down to 60 before picking up again....
Could this be profit taking?

From 60......to 63 now.....63.40.......

OANDO: The Ogas that crashed the price una well done o.
Was moving close to full bid earlier...
What will be will surely be.....
Funny enough, they'll go and wait for it at bargain junction again....

Please can you help with the current update ATM.

yMcy56:
E Ku Market o.

I don modify my post, if actually he deleted the 2nd handle too.

Meanwhile,
SUGAR @66.50,SALT @61, BANKS are doing so well in market.......

TRANSCORP, LASACO, CWG......also performing well....

Seems some people have not fully digested Fidelity result, they'll come amd bid it high when time comes.....Just the way they're rushing SUGAR at high level now......
78M bids Vs. 9M offers.......as at now.....

@yMcy56 you msgs are top notch. Fidelity sighted @8.50 less than 1 hour you made your post. You re too much.

Princkez:
GTCO 50k interim dividend

GTCO @38 is paying 50k interim dividend while Fidelity @7.71 is paying 25k interim dividend. No wonder why folks were busy rushing Fidelity 2day.

yMcy56:
In as much as Salt did not win, I didn't see Rice as winner either.

The merger says 14 Sugar is to 1 Rice and 11 Sugar is to 12 Salt.

Shalom428:
DangRice and Nascon ratio with respect to DSR has been announced. The two major information that are yet to be made public are ;

The ratio of DangFoods to DSR

The listing price of DangFoods

And you will be able to make an educated guess with the volume and price of DSR that will be traded next week.

I have my established theory but I've decided to limit what I post on this forum , going forward.

FOLLOW THE MONEY

Should one Sell/Hold/Buy?

emmanuelewumi:
This is it

Please let the experts in the house analysis it further for us. Thank you.

phoinix:
You mean stocks that can do 4 to 5 times in days . Oga Loco is your man, follow him bumper to bumper.

"4 - 5 times in days" in this NGX. Please do well to list them @Oga Loco & Phoinix

yMcy56:
BUAFOODS @181.......
The Oga is just giving gap in advance.......

Waoooo!!!

Agbalowomeri:
ECOWAS activates military intervention in NIGER

Immediate Standby Force was announced not yet military intervention per say.