₦airaland Forum

yMcy56:
Lol .
It's now the turn of their fundamental stocks, everywhere quiet....
If to say na another stock, different analysis and " I told you so" would have littered everywhere. 😁

Anyway, serious defence is ongoing in Access and UBA.....
MMs will likely not allow the prices fall below certain range.....
Access gradually and slowly inching back up......so also some defence ongoing in UBA.

I remembered some weeks ago when educo was recommending those banks and said their earnings can never declined, we told him, market work in cycles, any company can Bleep up any time, emotions in this game is suicidal.

Stay glued to your numbers with Nigerian banks, just when you thought you are about to enjoy goodies they will dilute you or do unnecessary acquisition or declare big bad debt without naming the people that collected the debt which we all know are insiders.

He who want chop with devil must have a long spoon.

We are waiting for jijo Sha if opportunity show.
I don join agba boys on banking stocks, especially, fugaz..

Game na game in mega voice.

koreect na so
source of corruption in dis kontry na banks
even politiefs no fit do am if not fo d bank mds
cbn suppose deal wid dem very well...
imgaine just cutting money on top everyone transaction...if na nepal dem go burn down d house

crownprince2017:
I remembered some weeks ago when educo was recommending those banks and said their earnings can never declined, we told him, market work in cycles, any company can Bleep up any time, emotions in this game is suicidal.

Stay glued to your numbers with Nigerian banks, just when you thought you are about to enjoy goodies they will dilute you or do unnecessary acquisition or declare big bad debt without naming the people that collected the debt which we all know are insiders.

He who want chop with devil must have a long spoon.

We are waiting for jijo Sha if opportunity show.
I don join agba boys on banking stocks, especially, fugaz..

Game na game in mega voice.

Pls I need a stockbroker
Anyone available on this forum

Tetrahedron:
Pls I need a stockbroker
Anyone available on this forum

You can come on board Investment One Stockbrokers. Click the third link in my signature to open an account or reach out using the contact information provided.

Yesterday I Read an article that I have posted in the link below and I sold my ETI today. Picked up some PZ at an average price of N33.88 today. Will finish buying on monday

https://ngxforum.com/thread/4/ecobank-transnational-incorporated-eti?page=3&scrollTo=344

Is it a good investment to buy sterling ipo from this link here


https://sterlingholdco.ng/public-offer/

nosa2:
Yesterday I Read an article that I have posted in the link below and I sold my ETI today. Picked up some PZ at an average price of N33.88 today. Will finish buying on monday

https://ngxforum.com/thread/4/ecobank-transnational-incorporated-eti?page=3&scrollTo=344

You finally enter a coy that has destination

megawealth01:
You finally enter a coy that has destination

My brother!!!

nosa2:
Yesterday I Read an article that I have posted in the link below and I sold my ETI today. Picked up some PZ at an average price of N33.88 today. Will finish buying on monday

https://ngxforum.com/thread/4/ecobank-transnational-incorporated-eti?page=3&scrollTo=344

Been loading at N31.50 for some days now apart from today and yesterday

So bank results for H1 is bad in some people eyes.I guess u expected the banks to perform miracle with the new OS. Or u expected them to print naira. Are this banks not in the Nigerian economic space. U didn't thank God they didn't declare loss with this bad government when many SME which are thr customers are closing shop.
Is it not Nigerians facing hunger and poverty that this banks make money by rendering services and products. If u are a business man u will know how ur turnover that use to hit this banks have significantly dropped. The banks made money last Yr the government cornered it and insisted they must raise new funds not minding the dilution it could cause for bank.The bank results is a reflection of the Nigerian economy.
The loss in some bank will reverse next week because thr results are very ok.infact I was expecting dividend only from zenith, gtb and stanbic

https://www.youtube.com/watch?v=m_w0lzScJkc

Here's a summary of today's trading session on the NGX.

Spotify version for those who prefer audio.

https://open.spotify.com/episode/7jKbmDZ1du1A6J5H5TmxCu

sboga:
very serious matter dis one
d one dat can overtake nb or even the dark one
for doze of us dat got the pre-invite
dat dia energy drink wey dem call bull sometin sha...
and dia national plans...
omo

How do manage to consistently type incoherently? 😁😁😁

Like every time!

awesomeJ:
How do manage to consistently type incoherently? 😁😁😁

Like every time!

The one you quoted was coherent enough compared to others..

Wait make "undead" visit this forum.
You will redefine coherent

Streetinvestor2:
So bank results for H1 is bad in some people eyes.I guess u expected the banks to perform miracle with the new OS. Or u expected them to print naira. Are this banks not in the Nigerian economic space. U didn't thank God they didn't declare loss with this bad government when many SME which are thr customers are closing shop.
Is it not Nigerians facing hunger and poverty that this banks make money by rendering services and products. If u are a business man u will know how ur turnover that use to hit this banks have significantly dropped. The banks made money last Yr the government cornered it and insisted they must raise new funds not minding the dilution it could cause for bank.The bank results is a reflection of the Nigerian economy.
The loss in some bank will reverse next week because thr results are very ok.infact I was expecting dividend only from zenith, gtb and stanbic

The banks are really trying to be honest. Most of the profits they made in 2023 and 2024 were to an extent due to devaluation but no devaluation between 2024 and 2025 with same CRR of 50% and other conditions, but they are still making profits.

awesomeJ:
How do manage to consistently type incoherently? 😁😁😁

Like every time!

School na scam

chimex38:
The one you quoted was coherent enough compared to others..

Wait make "undead" visit this forum.
You will redefine coherent

emmanuelewumi:
School na scam

😁😁😁

TGIF

Ekuu Weekend o

awesomeJ:
How do manage to consistently type incoherently? 😁😁😁

Like every time!

To be sincere I stopped reading that dude post.Sometimes I read one line over 5 times and still don't get what he is trying to say.So to stop giving myself headache. I jump and pass many of his post.I don't have that patient of time when is not adding value to me

currentprice:
Based on the (TA) chart, we can already anticipate what to expect from the Q2 financial report... the majority of d banking stocks hav already broken below their short time key support levels , showing weakness signal except for UBA which is still holding strongly above support.

the technical outlook of the banking index is currently weak. I hope the release of the Q2 will not negatively impact the overall market.

we are making mega money this year . fingers crossed

^{_{cash is king}}

Today's market movement is not surprising, the "TA" had already provided insight into what to expect when the banks start releasing their H1 results as quoted above... most banks have broken key support levels and ready for further declines. The Q2 number/dividend release so far is simply confirms a trend that already started .

now is time to start spreading the numbers on the bedsheet and patiently waiting... for the right time to make d kill . we are making cool money this year

NGX trading hour extension
https://cowrywise.com/blog/cowrywise-position-on-the-proposed-ngx-trading-hour-extension/

Streetinvestor2:
To be sincere I stopped reading that dude post.Sometimes I read one line over 5 times and still don't get what he is trying to say.So to stop giving myself headache. I jump and pass many of his post.I don't have that patient of time when is not adding value to me

😁😁😁
His GUINNESS/ GUINEAINS post cracked me up though.

awesomeJ:
😁😁😁
His GUINNESS/ GUINEAINS post cracked me up though.

The guy is a clown. Such write up is needed to ease the tension in this NGX market. The banking stocks humbled me today.

🤣🤣🤣 peter you no go kill person with Laugh. Meanwhile the banks have been receiving beating long ago. Na only stanbic still de do strong head..After the qualification date further beating is expected. So mega and peter might be right on the future prices.I hope the MM no go tire before then.. make their pocket sha deep..

PETERiCHY:
Access and Fidelity won't pay more than 10kobo.

Meanwhile ECO & CO rightnow

BARGAIN HUNTERS TAKE NOTE!

jonnysessy:
The guy is a clown. Such write up is needed to ease the tension in this NGX market. The banking stocks humbled me today.

There is tension in the market?

VFD Group delivers on its N20b CP with N4.24b series 4 redemption

https://www.vanguardngr.com/2025/09/vfd-group-delivers-on-its-n20b-cp-with-n4-24b-series-4-redemption/

GeneralDae:
The banks are really trying to be honest. Most of the profits they made in 2023 and 2024 were to an extent due to devaluation but no devaluation between 2024 and 2025 with same CRR of 50% and other conditions, but they are still making profits.

I am not sure Cardoso allowed them to recognize the revaluation gains as profit in their YE 2024. I stand to be corrected.

ppogba:
I am not sure Cardoso allowed them to recognize the revaluation gains as profit in their YE 2024. I stand to be corrected.

Why not? If the fair Value of their assets have changed, why not?

Anyways gains from about $5bn of the holdings were actually realized, cos CBN forced this 0% long NOP policy that forced them to sell.


If GTCO held $1bn valued at 460bn in 2023, and they were forced to sell in February 2024 at 1600 for N 1.6trn in proceeds, why would CBN say they haven't made N1.14trn in gains?


I think what CBN might do is limit how much dividends is paid from such gains or whatever, but i don't see why they would basically ask them to lie by not recognizing the gains.

@GeneralDae,

True FX gains were huge contributors in 2024.

Now beyond 2024, that shift in currency value has also translated to gross assets doubling or tripping for some of the banks in the past 2 years.


So if Access has 13trn to work with in 2023, now that their assets have grown to near 40trn, it's easier to make more money.

My point is the effect of the FX isn't just the one off gains, it's also translated to higher asset base, so if they maintain the same average ROAE or even a lower ROAE, they'll still be making so much cos the A has ballooned.

awesomeJ:
@GeneralDae,

True FX gains were huge contributors in 2024.

Now beyond 2024, that shift in currency value has also translated to gross assets doubling or tripping for some of the banks in the past 2 years.


So if Access has 13trn to work with in 2023, now that their assets have grown to near 40trn, it's easier to make more money.

My point is the effect of the FX isn't just the one off gains, it's also translated to higher asset base, so if they maintain the same average ROAE or even a lower ROAE, they'll still be making so much cos the A has ballooned.

True and once this whole forbearance issue is put behind us (for the most part) we would have fundamentally stronger banks. I also think this recapitalisation process that has occurred side by side the devaluation, would yield more pros than cons for the Banks.