₦airaland Forum

ojeysky:
What is making first bank jump like this, yet they don't pay good dividends o

Their must be something the big boys re seeing that we are not seeing. Just keep watching....

yMcy56:
I wasn't opening with the privacy issue but viewing from another house.

Meanwhile, Morgan is back!

Waooo... All eyes on FBHN today. Will it be able to sustain +5% or +10% gain today

yMcy56:
More than enough self.....

If Christmas come and una no give me hamper for hia ehnnn.......make I reserve my comment first....

🥰🥰🥰

yMcy56:
FBNH
@26.75! Up with +2.40
Elephant don vex for market ooo....

Any cross deal UpTo a 100k to change the price

What is happening in Tier One Banks
Heavy deals here and their.

What is going on with FBNH

vacanci:
The date is same as today

Thank you. But does the off market deal change the market price if it has enough volume to do so whilst the real time trading doesn't close with sufficient volume to move price?

Could this be the reason Nascon closed on -ve yesterday

ogoo4real:
Any news on UCAP

UCAP

A buy/hold/sell position

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.