₦airaland Forum

ojeysky:
No way Zenith and GTB will move without slight movement in Access/UBA it's just people's instinct. If not for access and their buy buy up and down UBA should not be senior to them

Redoil:
what about share dilution due to the right issue

Makanjuola89:
Japaul has Landed!!!

Makanjuola89:
Japaul has Landed!!!

sterlingD:
GUINNESS NIG PLC

https://doclib.ngxgroup.com/Financial_NewsDocs/42937_GUINNESS_NIG_PLC-_QUARTER_2_-_FINANCIAL_STATEMENT_FOR_2025_FINANCIAL_STATEMENTS_JANUARY_2025.pdf

Makanjuola89:
Japaul has Landed!!!

Sunrisepebble:
N5.42 EPS for a quarter wow. This is on my buy radar at good entry

ojeysky:
Please can you share reference to this?

KarlTom:
I'm a bit confused with the Q3 and FY figures.

I've not had time to look at it thoroughly though...

Locotrader:
It's obvious.
In 2008,I bought some insurance companies like staco,GNI,Niger etc at #1 plus each and sold after making 100%.In my eyes almost all did 500%.

I am trying to be careful and to resist temptation this time so I can make it at once.something tells me Custodian,Nem and mansard will touch #20 and these kobo stocks will touch #2 or above.

Any insurance stock sold now will be repurchased higher in the coming days.

I never forgiven myself since I sold sunu and Consolidated Hallmark.

These 2 I have now,I will see to the end if there is no global crises or meltdown

Xidget:
Like play, like play, Chams' village uncle didn't allow it participate in January Penny stock rally

Makanjuola89:
Japaul has Landed!!!

KarlTom:
Don't be deceived by those figures look closer...

Sunrisepebble:
Pls explain your position with the bank recapitalization and the dilution effect. Maybe there’s something I’m missing in my own view also.
Personally I feel these banks are still very cheap on FA terms, even with dilution effect, the PEs are not high at all.

SonofElElyonRet:
Please it is our right to choose to be deceived

essentialone1:
Japaul may hit N2.36 tomorrow morning.

SonofElElyonRet:
Please it is our right to choose to be deceived

Toluway:
Sunu rose and rose and rose since last year till January. It continued rising as if it would rise for ever, making over 200% and entered deep into over-bought region.
And you're now saying you don't know why it started falling?

HesInMe:
I didn't think it was a controversial position. Nearly all new equity issues are dilutive in the short term: You're expanding the number of shares chasing a given amount of profit. Except you think the profit will grow at a faster pace than the share count.

So the real question here is: How will the banks grow their earnings from here on? We all just assume the music will go on and on and on. No one is seriously tackling this question. Keep in mind that we're supposedly at peak interest rates, so their net interest margin (the difference between loan and deposit rates) should fall going forward. And the formal sector is nearly fully banked, so opening another branch in Opebi will not help much.

Access is the only bank that seems to appreciate this challenge, but they're currently on an acquisition binge.

essentialone1:
Japaul may hit N2.36 tomorrow morning.

SonofElElyonRet:
Please it is our right to choose to be deceived

Raider76:
Why not give us your interpretation of the results first before expressing this hopeful forecast.

HesInMe:
I didn't think it was a controversial position. Nearly all new equity issues are dilutive in the short term: You're expanding the number of shares chasing a given amount of profit. Except you think the profit will grow at a faster pace than the share count.

So the real question here is: How will the banks grow their earnings from here on? We all just assume the music will go on and on and on. No one is seriously tackling this question. Keep in mind that we're supposedly at peak interest rates, so their net interest margin (the difference between loan and deposit rates) should fall going forward. And the formal sector is nearly fully banked, so opening another branch in Opebi will not help much.

Access is the only bank that seems to appreciate this challenge, but they're currently on an acquisition binge.

ositadima1:
There seems to be a misunderstanding between you and Nosa. Both of you are raising questionable points, so let me start with yours. Why should banks experience a fall in interest margins? That gap is set by the CBN (I’m about 85% sure) and is independent of interest rates. If such a fall should happen, it would likely be due to high-interest rates reducing the demand for loans.

I don’t think there is a ceiling to banks' earnings; as long as the economy is growing, banks will grow along with it. A growing economy needs financing, which banks provide.

Now, to address Nosa’s point: the equity being raised through new shares is not likely to be used for generating returns. I believe it will be kept as reserves to absorb shocks. So, the argument about returns on equity may not hold in this case.

The dilution caused by the additional shares will likely be balanced by growth, some of which will come from their substantial dollar gains.

Disclaimer: As always, I’m no expert on the matter. This is based on bits and pieces of information and some imagination.