₦airaland Forum

Access bank has started again. Another acquisition.

https://nairametrics.com/2025/07/25/access-bank-acquires-76-stake-in-afrasia-bank-to-deepen-international-footprint/

You people (journalists) sha want to start another rumour and soil the new guys name.
In few weeks, you will raise an allegation against him.

ndept:
Honestly, I think you need to devote more energy to make Investment one better than the advertisement you are doing here for them. For every 5 client you are giving to them, 4 will eventually leave before a year. Some of their services needs a lot of improvement. For example, atimes, it takes forever for someone's trade to be listed on the offer/bid table. Secondly, I filled form to opt out of the Direct Cash Settlement (DCS) system, but to my surprise, my account was still credited after selling, and that is a month after I filled the form. This made me to miss out on so many trades that I should have executed. Loco was right with most of his assertions on Investment One.

The only advantage I see on Investment one platform is the instant withdrawal of fund, which takes less than an hour to hit your account.

This is true. I started using InvestmentOne because of emmasoft's recommendation, but had to stop using them for stocks trading after they left me frustrated. I still use them for fixed income though.

Streetinvestor2:
Yes I remember then.i equally bought afolabi units of presco at that price in one of my portfolio .I was buying even close to 1k and since then I stopped.
I was expecting pull back that has refused to happen and not likely to happen again unless we have serious bear market. The Ghana deal will definitely improve more of the numbers

I erroneously assumed that after an acquisition, a business’s financials will take a hit for a few quarters (since they will have used their balance sheet to acquire another company)….similar to what was happening with Access.

I then thought to wait before buying Presco….terrible assumptions.

megawealth01:
Former Military president Ibrahim Babangida’s son, Muhammed Babangida had rejected president Tinubu’s appointment as Chairman Bank of Agriculture. Wawu!!!

I think what is needed is this UNITY BANK finalized process which is taking long

Oga mega, this is fake news na.
The guys has denied this rumored story written by Dele Momodu

Mpeace:
It should get to 600. Though it's currently not too far from there

What cement stock?

olaremint:
imagine gaining just 300k on a stock and you want to sell and their charges is more than 300k.

Let's compare brokers..
As a percentage of your transaction, how much fee are you paying?
I-invest charges about 2% per transaction (1.35 as broker commission, 0.6 as NSE &CSCS fees etc)....so for trading/JIJO, one will be effectively losing about 4% to fees.

In other words, you break even after a 4% gain on every trade.

Oasisblue:
Aradel is in free fall. It may be under 500 Naira by midweek.

I am waiting to see their H1 results before knowing what to do. I expect them to do well (when production from their recent acquisitions are added)....but let's see.

Mpeace:
I have followed the mam closely. It's not the first time he made this kind of statement only to be proved wrong. But I don't blame him. Nigeria is unpredictable.
What many do no know is that the Naira didn't really strengthen against the dollar due to policies of government. The dollar has been falling in value since January this year that's the simple reason.

Na wah o.
When naira was falling, did you say it’s because dollar was rising? Abi don’t you realise the US feds hiked interest rates from 0.5 to 5%+ in the past 18-36 months. That was the reason why capital was leaving our market to get risk-free returns in US treasuries (therefore putting pressure on the naira).
Dollar is falling truly, but I believe the CBN has done a great job of managing the currency and monetary policies….and therefore is now seeing the rewards of its policies.

Universities should not be renamed. That is how they destroyed the glory of Ogun state university by faking it Olabisi Onabanjo….such a loss of branding.

megawealth01:
The Dangote Petroleum Refinery and Petrochemicals has uncovered a fresh racket involving some of its affiliate marketers and strategic partners who have been diverting subsidised refined petroleum products for profit, prompting the suspension of the refinery’s discounted fuel supply scheme.

Investigations by the refinery revealed that certain marketers who were granted discounted products, meant to ensure affordability and steady supply across retail outlets, had been re-routing the loaded trucks to unregistered third-party marketers.

The scheme was originally designed to support Dangote’s registered affiliate marketers in achieving stable profit margins amid price competition from fuel importers, while also guaranteeing nationwide availability of the refinery’s products.

However, the marketers were found to be circumventing the distribution chain by allowing importing, non-registered marketers to pick up products from the refinery using their Authority To Collect loading ticket. This allowed them to cash in on the price differential without incurring legitimate costs associated with logistics, retail station operations, or administrative compliance, making fast profit.

The refinery noted that the diverted products were often sold at market rates far above the agreed subsidised prices, effectively undermining the core objectives of the scheme and distorting the downstream market. Miffed by this situation, the refinery directed the suspension of its discount scheme for its customers with effect from July 13, 2025.

This is the difference between a private business and govt. If this racket was being done in NNPC, it'll take them 5 years to notice. Then another 5 years to stop it (the racketeers will collude with NNPC staff).

BabsO2:
Thanks for this. What does SOL stand for. FBNH got too many reds in the picture.

Single obligor limit: expressed as a percentage of the total loan book.

leo1234:
You have nothing to fear


I bought gtco @103.2 today.

You get mind o. Buying at 100+

KarlTom:
Thank you!

These are the metrics that should attract attention (aside P/E, dividend etc) but we tend to ignore them

What are your thoughts on this?
cc: @emmanuelewumi

My thinking is that if FBNH is stoked up, we will see a general bull in other FUGAZ so far the fundamentals are good.

I really did not get enough Access before it started moving, thanks to the T+3 days delay before money lands when a stock is sold.
Now looking at the market, not seeing anything sound and undervalued.
Any suggestions...what are you looking at? Abi make I go buy CP.

olaremint:
please i dont understand cardinal stone anymore, i placed a limit bid for 97.50 on Gt bank and they filled my request for 98.92 far above the market price, this trend has been on for several months, please how do i rectify this

Check to be sure it's not the fees being summed up to get your entry price (Brokers commission, CSCS fees, SEC fee, VAT etc). On some apps, it comes to about 1.5% of your total order price.

This is just a ploy and is fair in war.
You want to instill fear in your opponent. Nothing scares a people more than thinking God is against them.

Ladygracy:
Heard GTCO just issued new shares at 70 naira. Can I buy at this price from my stockbroking app afrinvest?

No, it has moved beyond that price. To think that GTCO was advertising and begging everyone to buy at 45 naira not too long ago during their rights issue.
Their offer in the local market was undersubscribed, so they went international to raise the rest.

SonofElElyonRet:
If it's really unrepairable and ultimately unprofitable to acquire as you say, why would government believe they'd get a buyer? Ojulari of all people should know and he boldly said the refineries will be sold

p.s. looks like your 3 week ban on me has expired... Just a heads up because I intend to, without discrimination, continue to comment on any post I have an opinion about

The man said “all options are on the table” and may consider selling.
He didn’t say it like you put it up there.

Always the victim.
Na wah for this people o.......everyone points fingers at others, not themselves.

mikeapollo:
There is no amount of open and transparent process that would convince the Nigerian masses if Tinubu should sell a national asset like NNPC to Oando, a company owned by his nephew.
The critical importance, controversies and corruption around fuel and petroleum products and the ignorance about business and corpotrate governance in Nugeria is too much.
Oando should not even bother to put in a bid if they love themselves.

Correction: Those refineries are national liabilities, not assets.
I don't think the sale will happen before the elections for political reasons. So anyone speculating should be careful.

Ministers son likely got into that position by nepotism and favouritism in the first place.
He got a job without letting the masses know. Now that it’s not favouring him, he’s coming to the media and screaming foul play.
Politician (and their kids) complain not when things are wrong, but only when the wrong does not favor them.

Sunrisepebble:
I think people won’t sell to them when they do the MTO so the company will remain listed on the NGX. I’m not buying with MTO in mind, I’m buying for dividend and capital appreciation. If truly they made N200bn PBT in H1 and N7+ EPS and are paying another interim div of N4 for Q2 then why should I sell such a great business. The annualized result gives N14 EPS and with PE of 9-10x, that’s a N130 valuation. Imagine another N4 dividend for final. That’s 10% dividend yield for the FY.
When the Chinese come to run the company fully imagine the effect on the results. Seems a buy to me here even at current price

Interesting view. Thanks.
I had assumed an MTO was mandatory and minority holders won't have an option but to accept it.

Sunrisepebble:
I loaded at 100 today.

Why? What's your target exit price if you're buying this high?
The majority sale price is ~$0.06.
At $0.06 (+ 20% premium for minority holders) = $0.072 price per share.
At current USD rates, price in naira = 1550 * 0.072 = 111.6 naira.

Why are you buying when the maximum you can get is a 10-12% upside? (If the above is correct)

PETERiCHY:
We loaded more ACCESSCORP today,
Our TARGET Price is #50.00k.

BARGAIN HUNTERS TAKE NOTE!

How did you come by this Target price?
Access will give a dividend of 4 this year (1 (interim)+3 (Full year))....

This is good for India. They will earn FX and send remittances back home. Will also reduce unemployment, they’ll learn new skills and do skills transfer.

If this was Nigeria exporting workers to say Saudi, children of hate will say we are in slavery 2.0

megawealth01:
All the stocks I told people to buy have all performed wonderfully. You see in this life just maintain your steeze and you will always win with Jesus on your side ❤️

Jesus doesn't need to be on one's side before he wins. Was Jesus not here during bear market?
OYO if Jesus is with you and you buy mumu stocks.

See them.
I lived in Dubai and saw the problems myself.

Arostar2023:
Na so! As expected go blame Easterners for all Nigerian woes. Tomorrow una go still vote inept leaders out of tribalism. Because una no know say leadership has far reaching effects...And finally, I suppose all the people from other nations in UAE are all well behaved? Na only Nigerians be the bad people in UAE.

You can be tolerated if you’re badly behaved but bring in money & from a 1st world country. But woe unto you if you’re from a third world and causing trouble.

This guy knows what needs to be done but there is politics.
If El Rufai was the minister of power, he’d have done it and stood by it. Good intention is not enough, you need the political clout to push your policies.

Asiwaju is working and we are happy with him.
Omo olodo ide

Effect of those people carrying drugs and engaging in cultism in a foreign land. Reminds me of the eastern cultist boys that killed someone in Sharjah.
Has nothing to do with diplomacy. They have evidence of Nigerians who are there and have behaved unruly.