₦airaland Forum

aj8:
Guess which big banks rank the top 3 with the highest Foreign Currency Translation Reserves and their order as at 1st January 2023 ?

1. First Bank N53.7bill
2. UBA. N41.7bill
3. Access N30.1bill
4. Zenith Bank N24.95bill
5. FCMB. N12.5bill
6. GTCO. (-N4.bill)

All as at 1st January 2023.

Should influence income statement in H1and[b] if the ratio of First Bank is anything to go by i.e N53.667 to N210.16 bill = x3.916 [/b], the maths could be interesting. Let’s see how the maths plays out with Zenith Bank H1 first.

Harvestock01:
https://www.vanguardngr.com/2023/07/etranzact-processes-over-n50trn-transactions-assures-shareholders-on-regional-dominance/

A N10 per share stock with EPS of N0.16. Issorite

Ok

aj8:
1. First Bank N53.7bill
2. UBA. N41.7bill
3. Access N30.1bill
4. Zenith Bank N24.95bill
5. FCMB. N12.5bill
6. GTCO. (-N4.bill)

All as at 1st January 2023.

Should influence income statement in H1and[b] if the ratio of First Bank is anything to go by i.e N53.667 to N210.16 bill = x3.916 [/b], the maths could be interesting. Let’s see how the maths plays out with Zenith Bank H1 first.

Nice one.
Thanks for the info.

aj8:
1. First Bank N53.7bill
2. UBA. N41.7bill
3. Access N30.1bill
4. Zenith Bank N24.95bill
5. FCMB. N12.5bill
6. GTCO. (-N4.bill)

All as at 1st January 2023.

Should influence income statement in H1and[b] if the ratio of First Bank is anything to go by i.e N53.667 to N210.16 bill = x3.916 [/b], the maths could be interesting. Let’s see how the maths plays out with Zenith Bank H1 first.

Great tip to gaining insight. I hope all the banks computed out that column using the same approach.

eziokwunwoko:
Goodmorning Sir,
Please reply my email (valentinenwoko@gmail.com)
Awaiting your response

...already done that sir

Something is seriously wrong with Morgan!

aj8:
Research! Research!! Research!!! A must to minimize risks. Caution ⚠️ Need to filter noise.

Janet on 92 milla bid

naturalflow:
Something is seriously wrong with Morgan!

Working

aj8:
1. First Bank N53.7bill
2. UBA. N41.7bill
3. Access N30.1bill
4. Zenith Bank N24.95bill
5. FCMB. N12.5bill
6. GTCO. (-N4.bill)

All as at 1st January 2023.

Should influence income statement in H1and[b] if the ratio of First Bank is anything to go by i.e N53.667 to N210.16 bill = x3.916 [/b], the maths could be interesting. Let’s see how the maths plays out with Zenith Bank H1 first.

This means UBA & FCMB are relatively under-priced compared to their piers. Perhaps Mr Market is penalizing them for being stingy with dividends and taking their financial statements with pinch of salt .

aj8:
1. First Bank N53.7bill
2. UBA. N41.7bill
3. Access N30.1bill
4. Zenith Bank N24.95bill
5. FCMB. N12.5bill
6. GTCO. (-N4.bill)

All as at 1st January 2023.

Should influence income statement in H1and[b] if the ratio of First Bank is anything to go by i.e N53.667 to N210.16 bill = x3.916 [/b], the maths could be interesting. Let’s see how the maths plays out with Zenith Bank H1 first.

How do you reconcile figure of almost X4 when naira only did approx X2?

Operation show me your result and I will patronize you.
Japaul on patronage

Watch out a fantastic result from Caverton.
Patronizers going ahead of result

https://nairametrics.com/2023/07/24/nigerian-banks-brace-up-for-mega-capital-raise/

Access lead the Northern agenda last week, but leading the Southern propaganda this day

Mfunkynation:
Access lead the Northern agenda last week,
but leading the Southern propaganda this day

Sometimes you sell the news and buy the rumour.

Mfunkynation:
Access lead the Northern agenda last week,
but leading the Southern propaganda this day

I can see smile on your face this morning.

locodemy:
I can see smile on your face this morning.

am not happy ooooo.. I join last Friday, thinking it will pump today

Mfunkynation:
am not happy ooooo..
I join last Friday, thinking it will pump today

I thought you loaded Japaul last week too

Better go for stocks that generate income and get paid via foreign currencies.Your landing will be safe.

locodemy:
I thought you loaded Japaul last week too

Yeah

If NAF still in partnership with Caverton.
This is a plus to the quoted company.

https://www.thisdaylive.com/index.php/2023/07/22/air-force-to-receive-51-fighter-jets-attack-helicopters-surveillance-aircraft

Mfunkynation:
Yeah

Enjoy the Japaul ride.It is always sweet.
83m bids vs 0 offers

locodemy:
I thought you loaded Japaul last week too

Yes

yeddy99:
How do you reconcile figure of almost X4 when naira only did approx X2?

I thought over this too.
But maybe some metrics we are not aware of… we are not even sure what rates they used for the initial translation.

JAPAULGOLD!!!

PFA investment in NSE

yeddy99:
How do you reconcile figure of almost X4 when naira only did approx X2?

Also note that the X4 accommodates the initial sum. Without the initial it would be a ratio of 53.667:156.495=2.9

How do you check the current prices please?

aj8:
MY COMMON SENSE ENTRY POINT for Berger Paints as at 19-07-2023 is any price below N10.00 . TARGET above N12.00 with an upside target above 20%. I bought some units and will add more to my purchase if it falls below my initial buy point.

Marketapprentic:
okay oooo if you say so. Then those that bought Japaul at 1.47 una done hear or you wait for three years to sell

Oga, come and see your people again o.....
Dey no wan leave this Kobo stock alone.........on top your warning and that of Value investor .....

So can those who picked @1.47 still wait for your 3yrs?

yMcy56:
Oga, come and see your people again o.....
Dey no wan leave this Kobo stock alone.........on top your warning and that of Value investor .....

So can those who picked @1.47 still wait for your 3yrs?

You shouldn't be responding to every comment. Disclosure: I am in Japaul though not as heavily as I would have loved to before the analysis paralysis.

Popson92:
How do you check the current prices please?

#
I am not sure I have understood your question but if you meant what is today’s current price, I suggest you check on the NGX platform with your stock broker. However, if you meant how I deduce the My Common Sense Entry Point, I would just say..COMMON SENSE based on what the market is doing which is a function of expectations of those buying into it. Call it support and resistance but really in a layman understanding it’s the meeting point of demand and supply. Think in the same line as one buying crayfish from a market less on TA .

Una don dey pursue JaPaul and others now oooooo... I no wan hear monkey hunting later