₦airaland Forum

Raider76:
But I have used the withdrawal drop down menu several times. I got paid sameday, and didn't have to call anyone. You may be you have issues with your account. Perhaps the T+2

Pretty sure it's T+3

Raider76:
But I have used the withdrawal drop down menu several times. I got paid sameday, and didn't have to call anyone. You may be you have issues with your account. Perhaps the T+2

To be fair, this is the first time this has happened; it’s usually hassle-free.

Good afternoon everyone.

I already have an account with one of the Nigerian stock brokers, but I want to open another account which will be strictly for short term trading.

In summary, I want to be using one account for short term trading, and the second for long term investment.

Please, How do I go about it?

May and Baker 9M 2024 results

https://lifeasananalyst.substack.com/p/a-good-year-for-this-baker

Access Bank keeps expanding yet their share price in Nigeria is not expanding

Access Bank UK Limited Expands Global Footprint with Hong Kong Branch: A Strategic Move to Drive Revenue and Shareholder Value

In a landmark development underscoring its ambitious global expansion strategy, Access Bank UK Limited has officially launched its Hong Kong branch, marking a significant milestone in the bank's growth trajectory. This strategic move is not just about increasing the bank's presence in Asia-Pacific but also about enhancing its ability to serve a broader client base, unlock new revenue streams, and generate sustainable value for its shareholders. The launch of the Hong Kong branch is expected to have a profound impact on Access Holdings, the parent company of Access Bank UK, as it adds a valuable new dimension to its already diverse business portfolio.

Access Bank UK’s entry into Hong Kong is a direct response to the growing economic importance of the Asia-Pacific region. Hong Kong, one of the world’s leading financial hubs, offers significant opportunities for financial institutions, particularly those with a global outlook. The region has witnessed steady economic growth, especially in trade, investment, and digital banking, making it an attractive destination for banks looking to diversify and broaden their international operations. With its robust regulatory environment, sophisticated financial infrastructure, and strategic location within Asia, Hong Kong serves as the ideal gateway for Access Bank UK to tap into new markets in mainland China, Southeast Asia, and beyond.

For Access Bank UK, this move aligns with the broader goals of its parent company, Access Holdings, which has long sought to enhance its presence in global markets. The Hong Kong branch will not only serve as a critical entry point into the vast Asia-Pacific market but will also act as a springboard for Access Bank UK’s continued expansion across the continent.

One of the most significant aspects of Access Bank UK’s Hong Kong launch is its potential to drive topline revenue growth. As a global bank, Access Bank UK aims to diversify its sources of income by capitalising on emerging markets that offer untapped potential. The Hong Kong branch will serve corporate and retail clients in the region, providing a suite of banking services ranging from trade finance and foreign exchange to wealth management and digital banking solutions.

Hong Kong is home to a large number of multinational corporations, financial institutions, and high-net-worth individuals (HNWIs), all of whom require sophisticated financial services. By offering tailored products and services that meet the unique needs of these clients, Access Bank UK is positioning itself to capture a significant share of the market. The expansion into Hong Kong will likely result in increased business activity, attracting new customers and creating opportunities for cross-border trade and investment.

Additionally, the Asia-Pacific region is seeing a rapid rise in digital banking, which offers Access Bank UK the chance to innovate and provide cutting-edge fintech solutions. The ability to offer seamless digital banking services will be crucial in driving customer engagement and enhancing the bank's revenue streams. With a solid customer base and expanding service offerings, Access Bank UK is poised to experience considerable revenue growth from its Hong Kong operations in the coming years.

Access Bank UK's expansion into Hong Kong has far-reaching implications for its parent company, Access Holdings. By tapping into a high-growth market, the move not only increases the bank's profitability but also strengthens its competitive positioning on the global stage. Access Holdings has consistently focused on creating long-term value for its shareholders, and this international expansion is a clear indication of that commitment.

The Hong Kong branch will contribute to shareholder value in several key ways. First, by increasing the bank's revenue base, the Hong Kong operations are expected to have a positive impact on Access Bank UK’s overall financial performance, which will, in turn, benefit Access Holdings. Shareholders stand to gain from the increased earnings potential and the resultant increase in stock value.

Second, as Access Bank UK establishes itself as a key player in Hong Kong and the broader Asia-Pacific region, it will enhance the bank's brand equity and market reputation. This will likely attract more institutional investors and clients, further boosting the bank's performance. The expansion into a prestigious and financially vibrant market like Hong Kong will solidify Access Bank UK's reputation as an innovative, customer-centric institution with a forward-looking approach to global growth.

Lastly, the Hong Kong branch’s strategic role in serving as a hub for expanding Access Bank UK's operations across Asia aligns with the long-term vision of Access Holdings to build a more diversified, resilient, and scalable business. As the bank strengthens its global network, it ensures a more robust financial foundation for its operations, which ultimately benefits shareholders by offering a more stable and sustainable return on investment.

A critical aspect of Access Bank UK’s Hong Kong expansion is its unwavering focus on service delivery excellence. As it ventures into a highly competitive market, the bank remains committed to providing clients with high-quality, personalized banking solutions. Access Bank UK’s reputation for client-centric service and innovative financial products is central to its success, and this ethos will be carried over into its Hong Kong operations.

The bank will utilise its expertise in digital banking and financial technology to provide seamless, secure, and efficient banking experiences to its clients. Whether through online platforms or direct engagement, Access Bank UK aims to deliver superior customer service that goes beyond transactional relationships, fostering long-term partnerships with clients in Hong Kong and throughout the Asia-Pacific region.

By focusing on high-quality service delivery, Access Bank UK can differentiate itself from local and international competitors, thereby attracting a loyal customer base and ensuring consistent revenue growth. This focus on service excellence will further enhance shareholder value by driving customer satisfaction and retention, which are key to sustainable business success.

The launch of Access Bank UK’s Hong Kong branch represents more than just a geographical expansion—it marks a pivotal moment in the bank's broader strategy to become a global financial powerhouse. By entering the Asia-Pacific market, Access Bank UK is well-positioned to enhance its topline revenue, contribute significantly to shareholder value, and deliver exceptional service to a growing client base. This expansion reinforces Access Holdings’ commitment to sustainable growth and value creation, setting the stage for even greater achievements in the years to come.

As Access Bank UK continues to broaden its international presence, its Hong Kong branch will play a crucial role in driving the future of the bank’s business, ensuring its ongoing success in a rapidly changing global financial landscape.

designking:
Access Bank keeps expanding yet their share price in Nigeria is not expanding

Those foreign branches are for the purposes of the major owners. They know what they are doing there. Even the CBN doesn't know. Just recently the CBN was said to be looking to partner with some organization to help them supervise foreign branches of Nigerian banks. Don't know why CBN gives licenses to banks to operate internationally when they know that they can't supervise them there.

Sunrisepebble:
497,712,690 according to NASD.

Im still doing my research, and I will do so this weekend but on face value this seems like a better bargain buy than Ellah which is not producing anything. They even pay Dividend

Okomu and Presco started growing and creating wealth when FGN, Edo and Delta state government sold their shares in the companies


Ondo and Ekiti should relinquish majority shareholding to business people with experience in agriculture.


Let us see where ACA will invest the loot made from Aradel.


Okitipupa looks like a top candidate

ololufemi:
When I wanted to buy some on the NASD, I learnt that they have some insider squabbling going on there between the politicians and investors.

Anyway, I still went ahead to buy the shares sha under the view that no matter how bad it is, the same set of clueless politicians will not outlast the investors in any publicly listed business venture. 🙄

The right will distort the shareholding structure, the politicians don't want to invest, the business need capital to grow, but politicians are only interested in being the majority shareholder.

After the right the investors will be fhe majority shareholder.


I think instead of a right the investor can offer a convertible loan to the business

From what it looks like, their revenue still looks quite low. Presco was doing 23bn in revenue in 2020 when the share price was around 30/40 naira. They are currently doing 2bn. This is just my initial find

What was the share price when it was on NGX? And why did they delist previously

emmanuelewumi:
Okomu and Presco started growing and creating wealth when FGN, Edo and Delta state government sold their shares in the companies


Ondo and Ekiti should relinquish majority shareholding to business people with experience in agriculture.


Let us see where ACA will invest the loot made from Aradel.


Okitipupa looks like a top candidate

I think they’ve already done the rights issue: https://oopplc.com/uploads/document_files/c6194a7ea9d8aac220d56db5474a5f12.pdf
The current OS on NASD reflects the new issued shares

emmanuelewumi:
The right will distort the shareholding structure, the politicians don't want to invest, the business need capital to grow, but politicians are only interested in being the majority shareholder.

After the right the investors will be fhe majority shareholder.


I think instead of a right the investor can offer a convertible loan to the business

Sunrisepebble:
From what it looks like, their revenue still looks quite low. Presco was doing 23bn in revenue in 2020 when the share price was around 30/40 naira. They are currently doing 2bn. This is just my initial find

What was the share price when it was on NGX? And why did they delist previously

It is an old company, same league with Presco and Okomu.


Could not pay dividends for many years and had to delist.

If you have an account with United Capital this is an offer for informed traders and investors

Nataba:
Good afternoon everyone.

I already have an account with one of the Nigerian stock brokers, but I want to open another account which will be strictly for short term trading.

In summary, I want to be using one account for short term trading, and the second for long term investment.

Please, How do I go about it?

It's simple, go ahead and open another account in another stockbroking firm, while completing the account opening form in the new firm, indicate your current CHN so that both accounts will have the same CHN, cscs account number will always differ from one firm to the other.

Click the 3rd link on my signature to pick Investment One stockbroking firm as one of the firms you wish to do business with. Customer service is top notch at investment one.

Conoil has been a great stock pick. Bought at ₦150.

Driving Forces Behind Conoil Share Price Momentum Following Deep Dive into the Q3 2024 Performance and Future Prospects

In recent activities that drives market momentum that propelled price movement in the share price of Conoil Plc, have attracted much attention. The company’s stock has demonstrated a remarkable surge, trading at N260.00 per share as of the third quarter of 2024. This price point marks a substantial premium over its 50-day moving average of N172.70, a difference that underscores a period of significant market momentum. When compared to Conoil’s 52-week low of N144.00, the stock’s current performance is nothing short of impressive, suggesting the market has begun to factor in the company’s evolving financial strength and future earnings potential.

Conoil Plc’s unaudited Q3 2024 results have been pivotal in driving the momentum behind its share price. For the third quarter, Conoil reported a noticeable uptick in both revenue and profitability. Revenue growth was largely driven by higher demand for refined petroleum products, particularly as the Nigerian economy continues to grapple with energy supply challenges. The company’s ability to increase sales despite fluctuations in crude oil prices and local energy disruptions speaks to its operational resilience and strategic pricing models.

Profitability saw a commendable surge, with net profit margins expanding, largely owing to a combination of improved operational efficiency, cost containment measures, and a more favourable pricing environment for crude oil. This ability to deliver solid profits amidst external pressures has certainly been a key factor in the market’s positive sentiment toward Conoil, helping to push its stock beyond recent lows to its current price level.

Additionally, Conoil’s ongoing investments in infrastructure, especially in refining and distribution capabilities, suggest that the company is positioning itself for sustainable growth. These efforts are aligned with broader industry trends where refining capacity and product availability are crucial in driving both domestic and export sales. As Conoil continues to leverage these advantages, its performance in the latter part of 2024 and into 2025 looks promising.

The impressive rise in Conoil’s share price is attributed to several market forces. First, investors appear to be responding positively to the company's strong quarterly performance, which aligns with broader expectations for Nigerian oil and gas companies benefiting from the country’s shifting energy policies and the global energy landscape. The recent strength in crude oil prices has bolstered earnings prospects for companies like Conoil, which are directly tied to the price of oil and refined products.

Additionally, the Nigerian government’s recent push for fuel subsidy reforms and more market-driven pricing of petroleum products has had a positive impact on the operational environment for oil marketers. Conoil, with its extensive distribution network and retail presence, stands to benefit significantly from these reforms. The elimination of subsidies creates a more favourable pricing environment for players in the industry, enhancing margins and driving earnings growth.

While Conoil’s Q3 2024 performance has been impressive, investors are clearly also focused on the company’s long-term growth prospects. One of the key drivers of this optimism is Conoil’s strategic focus on expanding its refining capacity. With Nigeria’s oil refining infrastructure historically underperforming, any improvements in this area would position Conoil to capture a larger share of the domestic fuel market, as well as reduce its reliance on imports. In turn, this could translate to better margins and a more stable revenue stream.

Furthermore, Conoil’s ability to manage volatility in the global oil markets, particularly through hedging and strategic procurement, enhances its earnings visibility. As the company continues to invest in technology, reduce operational costs, and improve efficiency, its ability to deliver consistent value to shareholders will likely remain a central focus for market participants.

Analysts are increasingly bullish on Conoil’s ability to sustain its momentum. Projections for the fourth quarter of 2024 and beyond suggest that the company will maintain robust earnings growth, driven by both internal efficiencies and external tailwinds, such as favourable oil prices and market deregulation.

Despite the optimistic outlook, several risks remain on the horizon. The oil and gas sector is inherently volatile, influenced by fluctuations in crude oil prices, exchange rate risk, and changes in government policies. Moreover, Conoil’s operations are closely tied to the performance of the broader Nigerian economy, which continues to face structural challenges, including inflationary pressures and foreign exchange instability.

Additionally, the regulatory environment, while currently favourable due to deregulation, could change, impacting margins or requiring additional investments in compliance and infrastructure. These risks are unlikely to derail Conoil’s long-term growth but remain factors to monitor as the company navigates an increasingly dynamic market.

Conoil Plc’s impressive stock price movement is a direct reflection of its strong Q3 2024 performance and the market’s positive sentiment about its future prospects. Trading well above its 50-day moving average and far from its 52-week low, Conoil is poised for continued success, driven by robust operational performance and favourable industry dynamics.

The company’s ability to capitalise on domestic refining opportunities, benefit from government reforms, and maintain profitability amidst a volatile market environment suggests that Conoil is not just riding the wave of short-term momentum but is positioning itself for sustainable growth in the coming years. As investors keep a close eye on the company’s earnings delivery, Conoil’s stock price could continue to build on its recent gains, solidifying its place as one of Nigeria’s top-performing oil and gas stocks.

emmaodet:

I am in need of Morgan capital group Whatsapp number , can anyone help please. Thanks

Oakbranch:
I am in need of Morgan capital group Whatsapp number , can anyone help please. Thanks

I am having an issue with my registered email with Morgan capital group, for the reason I changed my address to a new one that I am currently using. Can my stockbroker which is Morgan honour it.

Ah. If they’re in the same league with those two should one not be worried considering they can’t even generate 10bn in revenue

emmanuelewumi:
It is an old company, same league with Presco and Okomu.


Could not pay dividends for many years and had to delist.

Good afternoon pros,

I am a beginner in stock investing and someone advised me to avoid buying shares in Nigerian banks. Please can anyone give a valid reason why?

Sunrisepebble:
Ah. If they’re in the same league with those two should one not be worried considering they can’t even generate 10bn in revenue

Management, state governments are the core investors they don't plough back into the business. Can you show me any profitable business that is managed by FGN or state government

Nataba:
Good afternoon everyone.

I already have an account with one of the Nigerian stock brokers, but I want to open another account which will be strictly for short term trading.

In summary, I want to be using one account for short term trading, and the second for long term investment.
Please, How do I go about it?

Open an account with the following brokers if you need very low fees which matches your trading ambition.

Apel asset 0.50%
Atlas Portfolio 0.40%
Morgan capital 0.50%
Note: These rates are when you trade directly on their platforms.Enjoy

You will not make anything with those brokers with over 1% charges unless you want to hold your stocks for long.

Oakbranch:
I am in need of Morgan capital group Whatsapp number , can anyone help please. Thanks

Honestly, I don't have bro but will wish to have it too whenever you get it

emmanuelewumi:
If you have an account with United Capital this is an offer for informed traders and investors

Please where can one send enquiries, UCAP or UCEE? Must the collateral be in shares only? What of C of O?

Raider76:
Please where can one send enquiries, UCAP or UCEE? Must the collateral be in shares only? What of C of O?

C of O keh.

Interested customer should have asset with United Capital Securities, what does that tell you

These are the acceptable shares for collateral and not illiquid stocks

emmanuelewumi:
C of O keh.

Interested customer should have asset with United Capital Securities, what does that tell uou

Thanks. That means one will have no access to trade with the shares pledged as collateral during the period.

What of the 29% rate? is it per annum or the 6 months?

Raider76:
Thanks. That means one will have no access to trade with the shares pledged as collateral during the period.

What of the 29% rate? is it per annum or the 6 months?

Better if you have cash flow to service your loan or you can only sell to pay your debt.

Assuming you bought N1 million worth of stock 6 months ago and it is now valued at N1.5 million, you can sell N1.15 million worth to liquidate your debt and make a profit of 350k

Interest rates are per annum

And it is not compulsory to wait till the 6 months maturity period.

If you are lucky to have made your money in 3 months, you can liquidate the loan

A good evening read:
https://files.constantcontact.com/14a6173b701/25092ef2-877c-4640-9cff-b5279ec29e29.pdf

emmanuelewumi:
These are the acceptable shares for collateral and not illiquid stocks

ARADEL and the others ain't there sef

emmanuelewumi:
And it is not compulsory to wait till the 6 months maturity period.

If you are lucky to have made your money in 3 months, you can liquidate the loan

Thanks. Using leverage is another ball game.

Raider76:
Thanks. Using leverage is another ball game.

Using leverage in stock market is not for everyone.
People should be very careful.