₦airaland Forum

EDUECO:
In my trading account;through porfolio rebalancing,I have made more than 50% just through my darling ACCESSCORP! You can deduce I have defeated inflation.

Folks here call it jijo,but I call it porfolio rebalancing!

I have mastered the price movement of ACCESSCORP.

While others see ACCESSCORP as dirt,I see it as gold.

Stocks with Return on Equity of 50% would have made 500% return, beating inflation and currency devaluation

vacanci:
So if the company increase liability and push down the equity due to that. Then with the PAT, you can do the calculation and get a higher ROE.

Is a high ROE not the reason for the high book value?
Abeg make I learn something

Stocks with a high ROE are very efficient, profitable and also have a higher earning growth

This will also lead to a high Price Book value ratio

vacanci:
When NB and MTN and Cadbury were in bad shape due to poor results. Smart guys bought into those companies and did over 200%.

Most people are waiting for Access to get to their entry level but the stocks market has a way of disappointing people.

Access intrinsic value is up to N45. Book value is above N70. Fair value around N50. Worst price it can get to should be N20 but smart enteries won't allow it get there.

Book Value is useless if the stock is not generating earnings that supports the net asset per share.

In Nigeria most stocks with a return on equity of less than 20% will sell below their book value

vacanci:
When NB and MTN and Cadbury were in bad shape due to poor results. Smart guys bought into those companies and did over 200%.

Most people are waiting for Access to get to their entry level but the stocks market has a way of disappointing people.

Access intrinsic value is up to N45. Book value is above N70. Fair value around N50. Worst price it can get to should be N20 but smart enteries won't allow it get there.

These are even company(NB,MTN and Cadbury) that declared loss for a full financial year.

None of the above has paid dividends consistently in the last 10 years.

Access Bank is an international financial behemoth. The intrinsic value of ACCESSCORP is above ₦50.

emmanuelewumi:
Book Value is useless if the stock is not generating earnings that supports the net asset per share.

In Nigeria most stocks with a return on equity of less than 20% will sell below their book value

What if Access liability increases with a stagnant total asset. It will take down the total equity. So if we use the PAT unchanged to recalculate the ROE, and it reaches above 20%, is that ok? At least with this, ROE will be higher

vacanci:
What if Access liability increases with a stagnant asset. It will take down the total equity. So if we use the PAT unchanged to recalculate the ROE, and it reaches above 20%, is that ok? At least with this, ROE will be higher

Liabilities can't increase without increasing the Total Asset


Use ROE, then use ROCE or ROIC

A good stock should grow equity, revenue and profit over the years

Shared this Last month.
This stock will quietly do N800.
Heard Q3 result is good. May surpass my N60 FY EPS target

NettyNelly:
I once shared something like this for Beta Glass when it was at sub-N60 Nov last year.

In One Up on Wall Street, Peter Lynch mentioned:
“You can see the importance of earnings on any chart that has an earnings line running alongside the stock price. Books of stock charts are available from most brokerage firms, and it’s instructive to flip through them. On chart after chart, the two lines will move in tandem, or if the stock price strays away from the earnings line, sooner or later it will come back to the earnings.”

Like Peter Lynch said, the earnings line running alongside the stock price has been the case for DANGCEM, until recently. With Q2 EPS at ₦18.4 (the highest EPS in a Quarter) and the stock price still stagnant, earnings have now diverged from the stock price, which means the stock price will need to reprice upward to reflect the improved earnings in the Business.

With improved FY 2025 earnings anticipated, the stock price is bound to move sooner or later to reflect these improved earnings. Otherwise, it becomes significantly more undervalued, which is unlikely to remain the case for long.

Disclosure: I have an Interest in the Business. Bought at the Sub-N500 level.

vacanci:
What if Access liability increases with a stagnant total asset. It will take down the total equity. So if we use the PAT unchanged to recalculate the ROE, and it reaches above 20%, is that ok? At least with this, ROE will be higher

Rather than equity, total asset will increase, Equity remains constant. Net-Asset will drop.

E.g assume constant PAT of 5bn,
Total Asset= Liabilities + Equity.
70bn = 20bn + 50bn
Net-Asset=(70bn-20bn=50bn)
ROE=5bn/50bn=10%

80bn = 30bn + 50bn
Net-Asset=(80bn-30bn=50bn)
ROE=5bn/50bn=10%.

ROE remains unchanged despite increase in liability from 20bn to 30bn.
Total asset can't be stagnant when liabilities increases.

emmanuelewumi:
Book Value is useless if the stock is not generating earnings that supports the net asset per share.

In Nigeria most stocks with a return on equity of less than 20% will sell below their book value

On the bolded.
The recent CHI LTD sale to UACN by Coca-Cola proves a case in point.

Coca-Cola sold CHI LTD at almost $400million loss to the book value.

It's on Nairaland Front page..
https://www.nairaland.com/8547733/coca-cola-records-393-million-loss

Osebanjo:
Which of the platforms accept trading with my business name rather than an individual account.

chapell hill denham security

Who else got this mail from VFDGROUP?
I bought after qualification date.

emmanuelewumi:
Liabilities can't increase without increasing the Total Asset


Use ROE, then use ROCE or ROIC

A good stock should grow equity, revenue and profit over the years

Good evening Boss,
I'm new to stock investment, kindly recommend companies I can buy their shares. Thanks in anticipation 🙏

Redoil:
chapell hill denham security

Thanks

Gotocourt:
Good evening Boss,
I'm new to stock investment, kindly recommend companies I can buy their shares. Thanks in anticipation 🙏

Buy UBA and VFD

Dangote industries will be very exciting in the next 5 years

Could this be why OTE$ cashed out 50%?
Q4 go be less than 2months business cycle.

More load shedding for Nigerians.

https://leadership.ng/niger-delta-power-holding-begins-maintenance-on-430mw-geregu-plant/

Lofty1000:
Your new game plan is ready

I think we need to start waking up on TIP
BOTH Public AND RIGHT COMING TOGETHER
YOU Mustn't MISS ON ..........

Right stock at the right time
With the right at ₦7
All ds figures immediately increased to more than double for each ratio

I agree TIP is a sleeping giant. The growth of oil and gas industry (Upstream, midstream and downstream), manufacturing, agriculture will help fast track this growth.

How did I miss the right issue. Have they processed their allotment? Can you please provide more information on the right issue. Thanks

courage89:
I agree TIP is a sleeping giant. The growth of oil and gas industry (Upstream, midstream and downstream), manufacturing, agriculture will help fast track this growth.

How did I miss the right issue. Have they processed their allotment? Can you please provide more information on the right issue. Thanks

Qualification for the right is over
But the right will be coming alongside public offer too Oct/nov

Same as champion breweries

emmaodet:
For now, i do dollar MMF with them and they are also good in buying bonds in secondary market.
Customer care is very good.

Please, what about now? I'm also considering doing their dollar fund

Lofty1000:
Qualification for the right is over
But the right will be coming alongside public offer too Oct/nov

Same as champion breweries

Thank you. My small Afolabi units should qualify for the rights.

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

A few stocks i will be watching closely this week on the NGX

For those who prefer audio.


https://podcasts.apple.com/us/podcast/nigerian-stocks-to-watch-wtd-october-31-2025/id1810406988?i=1000733589535

A lot of people did not read that access report well and it shows. Anyway, sell your holdings, we would keeping mopping up from you

bovali:
A lot of people did not read that access report well and it shows. Anyway, sell your holdings, we would keeping mopping up from you

What did you see?
Not looking good from what I saw. What are you optimistic about from it?

bovali:
A lot of people did not read that access report well and it shows. Anyway, sell your holdings, we would keeping mopping up from you

You are on your own.
There has been signs of red flags in Access bank for sometime now.
1. Delay of Q2 result which later came out poor.
2. Mismanagement of funds by the Directors of the Bank hiding under the umbrella of acquiring foreign banks which are not productive.

Guy,banks don't work the way other companies do at NSE.There is 2 by 2 hard wood placed on any bank that eats shareholders dividend.

Investors will collect their interim dividends by using 2 by 2 to flog Access bank on this disappointed Q2 result.

I have sacked my lawyers(EDUECO) for self defence.
Emmanuel Ewumi and Agba are my witnesses

"Access Holdings Plc’s financial results for the half year ended June 30, 2025, reflect
the resilience of our business model, the diversification of our revenue streams, and
the steady progress to the execution of our five-year strategic plan.
Gross earnings increased by 13.8% year-on-year to ₦2.5 trillion in H1 2025 from ₦2.2
trillion in H1 2024, driven by strong growth in interest income which increased by
38.9% year-on-year to ₦2.0 trillion from ₦1.5 billion in H1 2024.
Net interest income also increased by 91.8% year-on-year to ₦984.6 billion in H1 2025
from ₦513.4 billion in H1 2024.
Complementing this performance was a growth in net fees and commission income,
which increased by 16.1% year-on-year to ₦237.7billion in H1 2025 from ₦204.7
billion in H1 2024.
Profit before tax (PBT) and profit after tax (PAT) closed at ₦320.6 billion and ₦215.9
billion respectively underscoring the strength and resilience of our business model in
the markets we operate in."

Who else noticed a difference in language between the 5th Paragraph here, and the previous 4 Paragraphs? How flowery and trickish of Access Bank. Read it again closely...

Good morning, you have been MIA on the WhatsApp group, hope all is well.

essentialone:
"Access Holdings Plc’s financial results for the half year ended June 30, 2025, reflect
the resilience of our business model, the diversification of our revenue streams, and
the steady progress to the execution of our five-year strategic plan.
Gross earnings increased by 13.8% year-on-year to ₦2.5 trillion in H1 2025 from ₦2.2
trillion in H1 2024, driven by strong growth in interest income which increased by
38.9% year-on-year to ₦2.0 trillion from ₦1.5 billion in H1 2024.
Net interest income also increased by 91.8% year-on-year to ₦984.6 billion in H1 2025
from ₦513.4 billion in H1 2024.
Complementing this performance was a growth in net fees and commission income,
which increased by 16.1% year-on-year to ₦237.7billion in H1 2025 from ₦204.7
billion in H1 2024.
Profit before tax (PBT) and profit after tax (PAT) closed at ₦320.6 billion and ₦215.9
billion respectively underscoring the strength and resilience of our business model in
the markets we operate in."

Who else noticed a difference in language between the 5th Paragraph here, and the previous 4 Paragraphs? How flowery and trickish of Access Bank. Read it again closely...

Outlook for the week:

-> Market cap surpassing N100trn (25% of GDP)
-> NGN breaking below 1400
-> Reserves moving towards $44bn
-> October closing the gap on July to become a close runner up of best performing month for the market. (Folks who deal in penny stocks haven't felt the impact as much)

Alhaji is currently bullish on naira, he's no longer seeing LSE listing as a priority.

He'll take all the naira Nigerians can give him for up to 35% of the refinery.

my new estimate for the listing is now $40bn (revised up from my previous $25 -$30bn)

bovali:
A lot of people did not read that access report well and it shows. Anyway, sell your holdings, we would keeping mopping up from you

So many fishes in the river...
We can relook at it when their mgt style change to favor us...
Thats the beauty of trading..
Access and UBA use to rub shoulders back in the days...
UBA price is almost twice that of Access...

Is this percentage correct?

chimex38:
Could this be why OTE$ cashed out 50%?
Q4 go be less than 2months business cycle.

More load shedding for Nigerians.

https://leadership.ng/niger-delta-power-holding-begins-maintenance-on-430mw-geregu-plant/

chimex38:
Could this be why OTE$ cashed out 50%?
Q4 go be less than 2months business cycle.

More load shedding for Nigerians.

https://leadership.ng/niger-delta-power-holding-begins-maintenance-on-430mw-geregu-plant/

What is the total outstanding shares of Geregu.
How many units did he sell that amount to cashing out 50%.

KarlTom:
Is this percentage correct?

He still holds above 75% in GEREGU

sky2891:
He still holds above 75% in GEREGU

Out of his over 1.9 billion units which is above 76% of total holding, he sold about 10.2 million which is around 0.5%. I am wondering why chimex38 is saying he cashed out 50%.