₦airaland Forum

emmanuelewumi:
He is buying na. PE of 2 no be beans

Comparing Access and UBA results, it is not difficult to see which one offers best value for money at current price.

nosa2:
I am definitely trading Access on Monday. Whether I am buying or selling, I will only confirm after my trade.

You are definitely buying
Access is still the cheapest bank with the latest results.

Streetinvestor2:
Ana only for bank such dey now

And insurance.....

Sunrisepebble:
I will be very happy to buy if it comes down to N100

We are in a bull market, NAHCO might not shed much not even with the flat result.

HesInMe:
Lol. No be fight na. We're together. You make a good point.

So how much of the slow-down in NAHCO's revenue would you ascribe to the Gulf war?

The slow down in growth didn't start from this quarter.
A comparison of quarter on quarter for the four quarters in 2025 will show some interesting information.

https://www.thecable.ng/breaking-tinubu-sacks-saidu-mohammed-as-nmdpra-chief-nominates-rabiu-umar-as-replacement/

Dangote ti take over.

KarlTom:
Is that ₦7.9 [annualized] EPS from WEMA?

Yes, it is annualized.

emmanuelewumi:
This is what a Tax professional said about my question

If that is what your tax man said, no wahala since he is the one mostly likely to help you file your tax returns..
In filing my returns,I noticed there was not so much emphasis on what you own and what you sell, it is more of what you have in January versus what you now worth at the end of December of the tax year.

emmanuelewumi:
How will this be treated for Capital Gain Tax. An investor sold Nahco shares at a profit of N50 million. He reinvested the proceeds by buying Zenith Bank shares which he held for 2 months before he sold it at a loss of N5 million.

Will Capital Gain Tax apply in this case?

You will pay CGT o . The profit is now N45m.

Agbalowomeri:
ACCESS say make una wait small as their Director dey retire

https://doclib.ngxgroup.com/Financial_NewsDocs/ACCESS_HOLDINGS_PLC_-_Retirement_of_Mrs_Chizoma_Okoli.pdf

The way you dey monitor this access is becoming something else o
We the shareholders in Emma's word have no option at this point than to wait for the result

ghm:
Recommendation for the Executive(Presidency) Considerations

I think the Presidency needs to step in, not to break the CBN, but to broker a sensible timeline.

The stock market has been one of the few positive stories of this administration. By asking UBA not to pay dividends, the CBN has triggered a contagious sell‑off across banking stocks. If they do the same to AccessCorp and FBNHoldings, the drop will be massive – and that damages confidence far beyond the banking sector.

We are not saying the CBN should stop regulating. Prudential rules are necessary. But regulation must consider the real‑world impact on the economy and on millions of shareholders.

The current one‑year forced provisioning for legacy FX loans is unnecessarily brutal. Instead of one year, why not use two years to write off those loans? That way:

1. Banks can still pay partial dividends (e.g., 40% of prior year) if they meet quarterly provisioning targets.

2. The CBN still gets a clean banking system by mid‑2026 – just not overnight.

3. The stock market avoids a crash, and the administration keeps its visible success story.

What I am not asking for is a public fight or a crude “calling the CBN to order”. That would harm regulatory independence and scare off foreign investors. Instead, the Presidency should quietly ask the CBN to issue a revised circular – with forward‑looking, clear rules – that allows a 2‑year transition and tiered dividends.

That is the win‑win: the CBN cleans up the books, banks survive, shareholders are not wiped out, and the market rally stays alive.

So the CBN should surrender her independence to the presidency in order to please some shareholders.
The CBN is doing her job, which is primarily to protect depositor funds.
There is a clear guidelines on payment of dividends which is not specific about a particular bank.
I think UBA fell short on the NPL ratio. From the interview granted yesterday it was clear their NPL was above the maximum ratio stipulated in the guidelines for payment of dividends by banks.

Agbalowomeri:
Abi I never wake up

Abi no be comprehensive loss I dey see so?

Hope we are not going back to the era of extraordinary items

ositadima1:
Lol, that UCAP own, I’ll come back here to announce it when it hits 30–50%. As usual, they’ll all go silent or claim they called it long ago. Lol

Has anyone said UCAP cannot do 30 to 50% in no distant future?
Based on annualized 2.2 that is very possible but it would be out of place for someone to be making calculations based on annualized EPS of N8.

ositadima1:
Okay, one-liner comments can have multiple meanings, so I had to clarify.

Na night school some of us attend
It is good we have people like you on the forum who sabi English well well

ositadima1:
Look well, their equity and debt instruments have been revalued upward, this has nothing to do with today’s rush by retail traders to sell UBA.

We are saying the same thing nau .
Na you they speak English

Mankind2024:
compounder stock ✔️
+/_N35 by Q4
Conservative PE for UCAP = 5x
EPS = 8.72
Fair value =
8.72 × 5 = ₦43.6
Moderate fair value (PE 4):
= ₦34.9
Deep discount fair value (PE 3):
= ₦26.2

My brother that eps is already annualized.
Don't let them wounjure you with fantasy eps o

Agbalowomeri:
Lol dem don dey incorporate fair value gained

You see am too

yMcy56:
Activities will resume in UBA by tomorrow or Wednesday....
* We don talk am say make you give them 1 or 2 days, especially now that he's addressing shareholders thru press..😊
This market moves in cycles mostly..

I don't have UBA shares for now, my interest is in UCAP. If it falls to my target area I might take a position though I don't expect it to go down much.

https://nairametrics.com/2026/04/27/uba-to-resume-dividends-in-2026-focuses-on-debt-recovery/

“That dividend didn’t come because the NPL ratio was a bit higher than expected for a dividend payment. However, the good news is that this is a one-off thing.”

mikeapollo:
Those stakeholders whose share priced have fallen drastically would take it as possible sign of ''distress''. Not every stakeholder with huge stake in the bank is ready for all the technical jargons that you may know. All they ''see'' and ''know'' is the stock price.

The worse they will do is to sell their holdings and depressed the price. That might even please the majority shareholders.

mikeapollo:
He would care when stakeholders put pressure on him!

As long as the bank is not distressed, there is nothing to worry about for him.

megawealth01:
The beautiful thing about this time extension is that it helps me prepare well... Na now I ready to monitor the market this morning

Just imagine they remove the 10% thing... By now Tony for don hold 20 conference meetings and 100 press briefs and 17 board meetings this weekend into today Monday

I don't think Tony really cares about the market price of some of his companies.
TRANSCORP did not make any significant price movement until Ote came to shake him. The same TRANSCORP has been stagnant again for almost 2 years

Where is UCAP q1 result
I think the board meeting was last Friday.

aj8:
Where do you think UBA will find her strong support ( ref chart below) and why?
However, on our Common sense estimation, it still has value at 3.1x4 x4  = 49.6 ( based on Q1 2026) being that the present scenario has probably already been priced in.

Buying anywhere below the 20 % below that value would be great

That’s below 49.60 x 80% = 39.68

I will gladly load UBA at N36.00-39.68, averaging down if necessary. However, if Wema Bank's Q1 2026 is fantastic, it will help UBA as it will be difficult to price Wema Bank above UBA. Wema will rise and take UBA with it. Can Wema turn in an EPS of 3.1 for Q1 2026? Let’s wait and see. Wema’s 4th quarter of 2025 ( from FY UFS) suggests that it is possible should it maintain that same momentum, to double earnings.

Though UBA results are not good,the bank might not shed more than 20% from its current price.

purity2all:
Chai, no where good.

Profits dropped

EPS dropped and operating expenses sky rocket.

This weekend go long o

I just hope Tony is not going back to his old ways.
UBA, TRANSCORP and AFRIPRUDENTIAL Q1 results all follow similar patterns.
Let hope UCAP will be an exception.

nosa2:
The fall no go small oh

They will follow the bad results up with a good q1, na their strategy.

Sunrisepebble:
Wapco especially.
Don’t be surprised to see 100% Q1 YoY

Una done leak WAPCO result
WAPCO no go make any issue now since the result is good 😊

Agbalowomeri:
ACCESS say Una don leak financial statement

https://doclib.ngxgroup.com/Financial_NewsDocs/ACCESS_HOLDINGS_PLC_-_STATEMENT_TO_NGX_ON_APRIL_21_2026.pdf

This access people no go kill person
Agba, I beg make you post the leaked results if you done see am

https://www.vanguardngr.com/2026/04/breaking-tinubu-reshuffles-cabinet-as-oyedele-becomes-finance-minister/

Oyedele is now the minister of finance.

emmanuelewumi:
I am not a PE person, I am an earning growth cum quality business person. From the earning growth and quality of the business, I can always forecast a justified earning multiple


Back in the days, I missed opportunities focusing solely on PE

That doesn't mean you should dodge the question.
What is the average PE for NAHCO in the past five years.

emmanuelewumi:
The compounded annualized earning growth rate from 2020 to 2026 is about 82%.

You didn't answer my question.