₦airaland Forum

Agbalowomeri:
With all the toxic assets that ACCESS is accumulating, the bank fit report loss with exceptional items one of these days

Agbalowomeri:
With all the toxic assets that ACCESS is accumulating, the bank fit report loss with exceptional items one of these days

Locotrader:
Loco no get a single unit in Chams but Loco's name is in the book of those who qualified for right.

Loco will buy his right and extra rights to regain position.

GeeKudi:
And even became OANDO advocate. yeye dey s.mell

megawealth01:
Same person different moniker

mikeapollo:

Agbalowomeri:
With all the toxic assets that ACCESS is accumulating, the bank fit report loss with exceptional items one of these days

HesInMe:
How do you know they're "toxic"?

EDUECO:
You think an average dividend yield of 10% is a fluke? Dividend don't lie.

Dupeodus:
Banks are different from other companies because they take deposits. As long as deposits keeps flowing in, they'll be able to pay the dividends, even with questionable asset quality.

emmanuelewumi:
You did not include Axa Mansard and Custodian

Agbalowomeri:
So you think na people's deposit dem dey use pay dividends?

Dupeodus:
Banks are different from other companies because they take deposits. As long as deposits keeps flowing in, they'll be able to pay the dividends, even with questionable asset quality.

Agbalowomeri:
So you think na people's deposit dem dey use pay dividends?

Dupeodus:
Money is fungible. Globally, almost all banks that failed continue to pay dividends until the regulators step in.

emmanuelewumi:
I wonder?

ETI and Unity Bank would have paid dividends if they could use deposit to pay

GeeKudi:
And even became OANDO advocate. yeye dey s.mell

Dupeodus:
Banks are different from other companies because they take deposits. As long as deposits keeps flowing in, they'll be able to pay the dividends, even with questionable asset quality.

Dupeodus:
50 x sales is crazy! Not for any Nigerian company.

Dupeodus:
Money is fungible. Globally, almost all banks that failed continue to pay dividends until the regulators step in.

Valthegreat:
So DANGSUGAR don become JIJO stock until fundamentals improve? The way the JIJOISTs are riding it Loco go soon park him kaya there too.

Agbalowomeri:
So you think na people's deposit dem dey use pay dividends?

Dupeodus:
You have not factored in risks. Most banks have their p/e ratios between 1 and 3. This is because their asset qualities are not quite transparent, especially with the talk of forebearance. Almost all of them have high concentration loans to a single obligor in the energy sector. Any mishap can turn that p/e ratios to 100 or even negative. I should disclose that I just reallocated my portfolio to the high quality banks except GTB despite what I just said.

EDUECO:
Skye bank wasn't paying dividends and it didn't release result for some quarters before it went down.

Dupeodus:
Think about it. Every bank is motivated to show profit and declare dividends no matter what. Otherwise, the bank will invite a run which spells doom. Per book, a bank's assets will always be greater than it's liabilities. The question is the quality of those assets. As long as you continue to have deposits, even if the assets are not performing or performing poorly, the bank will still have cash to create more asset and pay dividends. The truth is this has been the case recently, otherwise, CBN will not be talking of forebearance. This situation may not be as dare as I am making it out but I believe there is some element of it right now. Otherwise, you'll not be seeing to he p/e ratios of banks at between 1 and 3. It's not been so historically.

NajibatAde:
Hi everyone! A quick one, pls. In 2009, my father acquired Zenith shares, I think directly from them which he was issued a certificate of proof. He does not have a broker. Does anyone know if I can transfer the said shares into my portfolio, and how I would go about it?

BabsO2:
And talk about valuing banks with price to book

Ellah Assets are real. They cannot disappear like the toxic assets of some aggressive banks.