₦airaland Forum

Bonjovi13:
I bought a ton of UBA stock last year with the understanding that it was undervalued and would catch up with GTB and Zenith stocks.
But it is not doing too well. Although there was a slight positive move on the heels of the purchase of Seplat by Heirs Holding, I still think the stock is sluggish.
Does anyone have an informed opinion why UBA stock isn't performing so well and what it's future projections are?

At the moment, on a per share basis, UBA is not on the same level with GTCO or ZENITHBANK. Both in terms of earnings (Earnings per share (EPS)) or in terms of dividends (dividend per share (DPS)). It is inferior. It has been inferior.

The key phrase is the per share basis

This is called fundamental analysis/peer comparison. It helps you compare companies better.

To simplify it, I know they're all tier one banks. But their revenues, profit and dividends differ. Even when these things are similar, you may need to look at it on a per share basis for a clearer view.

I will use some illutrations for a better understanding.

Example 1:
Two companies make N1 billion as profit after tax. The first has 1 billion shares outstanding while the second has 10 billion shares outstanding.

If the first trades at N10 per share while the second trades at N2 per share, it may seem like the second is undervalued relative to the first. Many newbies may buy the second for this reason.

But if we break it down, the EPS or earnings per share are as follows:

First company EPS = N1 billion / 1 billion shares = N1.00 per share.

Second company EPS = N 1 billion/ 10 billion shares = N0.10 per share.

This shows that the first company's shares earn 10 times that of the second company. This explains the price difference.

Example 2:
Two companies are top players in an industry. They make similar profits, revenues and even EPS but one trades significantly higher than the other. E.g Company A trades at N25 per share while Company B trades at N40 per share.

Solution:
Since earnings, management quality, risk and company fundamentals are the same (or very similar), we may look at the dividend.

Company A might declare N2.45 per share while company B declared N5 per share. In this case, the price difference is due to the higher dividend from company B. This is similar to what is happening in ACCESSCORP and UBA at the moment. The latter has a higher dividend yield. Financial performance and company strength are relatively at par.

My illustrations are not perfect but they are a good start.

Wishing you the best in your investment journey.

For the gurus, I oversimplified because of newbies out there. This way, they can catch up.

Cheers!

Iskalamong!

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faoogoke:
What do you mean by UBA stock not performing?
In my opinion its price is steady, and it will pay you dividend.
It also just surpass N500 billion shareholders fund.
You only just got in. Stay calm. Patience is key.

He is comparing the price of a share of UBA with those of its seniors, GTCO and ZENITHBANK.

That's why.

Also, we don't know his entry price.

Cheers!

Iskalamong!

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.

https://nairametrics.com/2026/01/08/tinubu-celebrates-ngx-n100-trillion-milestone-calls-for-increased-local-participation/

Dem don start..election campaign is about to begin..

Yoursfaithful:
https://nairametrics.com/2026/01/08/tinubu-celebrates-ngx-n100-trillion-milestone-calls-for-increased-local-participation/

Dem don start..election campaign is about to begin..

I knew the ASI push by some actors before yr end was for APC campaign Propaganda. I sabi predict this government like back of my palm.I wait to benefit in the Propaganda as I execute my sell targets. They will soon start jingles with it on different news media. They will soon push it further to like 180k

https://www.youtube.com/watch?v=6CqQk5iNGkk

A summary of today's trading session on the NGX.

Audio below.

https://open.spotify.com/episode/12r0eFl0lYUU6mEaYGlT05

Tax matters

https://nairametrics.com/2026/01/08/kpmg-flags-gaps-warns-new-tax-laws-could-trigger-disputes-capital-flight/

Further scrutiny falls on Sections 39 and 40, which calculate capital gains based on the difference between sales proceeds and the tax-written-down value of assets without considering inflation.

Given Nigeria’s high inflation environment, the firm warned that this approach could result in substantial tax liabilities on asset disposals, even where real economic gains are minimal.

“Consequently, any sale of assets after the effective date of the NTA will trigger a substantial exposure to income tax,” KPMG said.

To mitigate this risk, the firm recommended the introduction of a cost indexation allowance as a quick policy win.

The proposed indexation would use the Consumer Price Index from acquisition to disposal dates, with December 31, 2025, as a baseline.

This adjustment, the firm noted, would not increase capital losses but would align tax obligations more closely with economic realities.

awesomeJ:
you're still refusing to see the obvious point:
the stock has traded 8 units today at 2497 (the maximum possible price), but the reference price is stuck on 2270 cos of the 100k. without that requirement, the refernce price would have gone higher and the gap would have closed.

why you refuse to understand this is best known to you.

when this problem startedthe disparity was much smaller (like 2400 vs 3600) the gap would have taken less time to close.

to be clear, I'm not saying the 100k volume should be suspended altogether, it should only be temporarily suspended if a stoc hasn't had a movement n 3 months.

without such adjustment to the rule, airtel might as well just delist from ngx, cos they'll never ever trade volume again

Are they the only one? I am not a fan of adjusing the rule because of only one firm.

What happen to a split in share price if price movement is important to AIRTEL Management?

Most big stocks (Apple, Tesla , Nvidia, Amazon etc.) globally split regularly to make their stock liquid and it's price manageable and 'affordable'.

Maye be it is time to change the CFO to a modern, dynamic and strategic professional.

Mumben:
Gday all, pls can you all analyse Deapcap for me? What is moving it and does it have more room to grow? Help a novice who is still learning.
@awesomej
@mikeapollo
@mpeace
@streetinvestor
@emmanuelewunmi
@agbalowo etc

Feel free to buy Deapcap, it has broken 2013 resistance, which is now support, next target is 4.6..enjoy

ref:
https://www.nairaland.com/1131485/nigerian-stock-exchange-market-pick/9763#137366745
ewnation/ngx

Kudos brother... This is a very wonderful breakdown for any lay man to understand. I just cant help but appreciate such contribution. Some of us may not have the patience. Many thanks. And to others making valuable contributions, you are all cherished.

iskalamong:
At the moment, on a per share basis, UBA is not on the same level with GTCO or ZENITHBANK. Both in terms of earnings (Earnings per share (EPS)) or in terms of dividends (dividend per share (DPS)). It is inferior. It has been inferior.

The key phrase is the per share basis

This is called fundamental analysis/peer comparison. It helps you compare companies better.

To simplify it, I know they're all tier one banks. But their revenues, profit and dividends differ. Even when these things are similar, you may need to look at it on a per share basis for a clearer view.

I will use some illutrations for a better understanding.

Example 1:
Two companies make N1 billion as profit after tax. The first has 1 billion shares outstanding while the second has 10 billion shares outstanding.

If the first trades at N10 per share while the second trades at N2 per share, it may seem like the second is undervalued relative to the first. Many newbies may buy the second for this reason.

But if we break it down, the EPS or earnings per share are as follows:

First company EPS = N1 billion / 1 billion shares = N1.00 per share.

Second company EPS = N 1 billion/ 10 billion shares = N0.10 per share.

This shows that the first company's shares earn 10 times that of the second company. This explains the price difference.

Example 2:
Two companies are top players in an industry. They make similar profits, revenues and even EPS but one trades significantly higher than the other. E.g Company A trades at N25 per share while Company B trades at N40 per share.

Solution:
Since earnings, management quality, risk and company fundamentals are the same (or very similar), we may look at the dividend.

Company A might declare N2.45 per share while company B declared N5 per share. In this case, the price difference is due to the higher dividend from company B. This is similar to what is happening in ACCESSCORP and UBA at the moment. The latter has a higher dividend yield. Financial performance and company strength are relatively at par.

My illustrations are not perfect but they are a good start.

Wishing you the best in your investment journey.

For the gurus, I oversimplified because of newbies out there. This way, they can catch up.

Cheers!

Iskalamong!

.

.

Seems these brewring companies like to have large amount of outstanding shares. Just few days after the right issue closure. Or was the rights issue not successful..

They should have given break down by countries. Lets see how that of Nigeria will impact NAhco..

I left them sinceeeeeeeee. They seem to care only about the big players with big money.
Plus customer care is zero.

Harddiskng:
Looks i have to leave anything Stanbic. Time to go back to Morgan, I have an account with them already and they are more hungry.

I don’t know the reason for the recent laxity the whole Stanbic business is displaying.

Mutual fund ❌ Underperforming yields
Brokers ❌ Zero traction on transactions

When you don chop belle, na sleep remain naa. Issokay.

****************************

See the screenshot below to see the wide gap between brokerage fees Stanbic is charged (yet deteriorating services) and Morgan Capital.

I have said it before you can charge higher so far your services are fantastic but the moment your service take a nose dive, people would stop tolerating your nonsense and leave you in a ditch.

Stockhunter:
They should have given break down by countries. Lets see how that of Nigeria will impact NAhco..

Na Detty December

Streetinvestor2:
I knew the ASI push by some actors before yr end was for APC campaign Propaganda. I sabi predict this government like back of my palm.I wait to benefit in the Propaganda as I execute my sell targets. They will soon start jingles with it on different news media. They will soon push it further to like 180k

So AwesomeJ na APC agent

Royalex Daily Pick Alert — Today’s Trading
Yesterday’s Close: ₦1.97
Yesterday’s Volume: 4,699,000
Prior Session:
Close: ₦2.00
Volume: 5,239,000
🔍 Session-to-Session Comparison
➡️ Price: Royalex eased slightly from ₦2.00 → ₦1.97
➡️ Volume: Traded volume dropped from 5.24M → 4.70M
This reflects mild profit-taking after the previous strong rally, not a full reversal. The pullback is shallow and still holding above the ₦1.90 psychological zone.
📈 Market Interpretation
🔹 The 3-kobo dip is a normal technical retracement after heavy buying.
🔹 Reduced volume confirms selling pressure is weak.
🔹 Buyers are waiting for fresh liquidity to resume the next move.
Structure remains healthy for continuation.
🎯 Key Levels for Today
Resistance Zones:
₦2.00 (psychological barrier)
₦2.10 – ₦2.20 (next supply zone)
Support Zones:
₦1.90 (intraday base)
₦1.85 (defensive support)
📌 Trading Game Plan (Daily Pick)
✔ Accumulation zone: ₦1.90 – ₦1.97
✔ Breakout trigger: Strong push above ₦2.00 with volume
✔ First target: ₦2.10
✔ Second target: ₦2.20
✔ Risk control: Stop below ₦1.85
🔥 Sentiment
Neutral → Bullish continuation setup
Royalex is digesting gains from the prior 5.2M-volume session. As long as price holds above ₦1.90, buyers remain in control.
📢 Daily Pick Status: ACTIVE
Watch early session liquidity. A volume spike above yesterday’s 4.7M will confirm the next leg up.
stockpromoter (Loco)

https://www.youtube.com/watch?v=TC1Cy2Yis9A

A few stocks I'd be watching closely in today's trading session on the NGX.

Pidgin English version below.

https://open.spotify.com/episode/7hQJDI9h4tNjj3qYeVdKv9

Ding

Stockhunter:
Seems these brewring companies like to have large amount of outstanding shares. Just few days after the right issue closure. Or was the rights issue not successful..

The fund raising was combination of RI and PO from beginning to raise over 50 billion. So they concluded RI and moved to PO.It is not new decision

PuristForest:
Feel free to buy Deapcap, it has broken 2013 resistance, which is now support, next target is 4.6..enjoy

ref:
https://www.nairaland.com/1131485/nigerian-stock-exchange-market-pick/9763#137366745
ewnation/ngx

Kudos for the heads up calls and analyses.
I recall when you called out Deapcap and alerted folks to consider it for possible price rally, and now you have been vindicated.

Green dings.

KarlTom:
Ding

DANGSUGAR on the beat

TARGET TECHNICAL ANALYSIS ALL SHARE INDEX DIRECTION!!
WHAT WILL THE MARKET DO TODAY?
In the local Nigeria slang, this bull is being led by "Ijaya Money", the kind of money that gives others "phobia" and Tax or no Tax, this money cannot be shaken, but there is a factor that can make the money to pull out. Also if the market decide to pull out totally, it will also creat a bigger bull.

No need to talk much. Let us see the usuals stocks that are always to lead in releasing Dec year end results (GTCO, UCAP etc), definitely they will do well and help in sustaining this trend at least for 1st quarter of 2026.

Wishing all happy bullish 1st quarter of 2026

https:///2w9x5kuy

There are strong indications that DANGSUGAR has recorded a marked turnaround
Not there yet but worth a mini rally...

Every mallam to his kettle

Ginalex:
DANGSUGAR on the beat

KarlTom:
There are strong indications that DANGSUGAR has recorded a marked turnaround
Not there yet but worth a mini rally...

Every mallam to his kettle

See ehn, sugar and NAHCO are my long-term stocks. I can't wait for sugar to start paying dividend again.

Transcorp has not really moved away from the post-reconstruction price. Should we be expecting a rally anytime soon?

time to jump into vfdgroup. vfdgroup has broken out of a 6 months channel and is trending for a wave 1, we can see the footsteps of the composite operator in the charts
Facts
<> broken out of a 6 months slope channel
<> broken wave B extreme at 11.90
<> Wave 1 top cannot exceed 17.07 which is the May high
<> Asset is making higher high
DYOR!!!!

Ref:
ewnation/ngx

Analyst just ignore this stock and I cant grasp why?
I was able to pick some units for my son before it rose.
Long term ride.

PuristForest:
time to jump into vfdgroup. vfdgroup has broken out of a 6 months channel and is trending for a wave 1, we can see the footsteps of the composite operator in the charts
Facts
<> broken out of a 6 months slope channel
<> broken wave B extreme at 11.90
<> Wave 1 top cannot exceed 17.07 which is the May high
<> Asset is making higher high
DYOR!!!!

Ref:
ewnation/ngx

Ginalex:
DANGSUGAR on the beat

Why celebrate early. Something heading for #100 soon. I would have called it as my third stock but declined because I am looking at stocks that can deliver 100% in the yr.
Looking at sugar and Cadbury which will first hit #100 this yr

SCHEDULED BOARD MEETINGS

Monday 12th January 2026
*

Thursday, 15th January 2026
GEREGU

Friday, 16th January 2026
LIVINGTRUST

Wednesday, 21st January, 2026
NCR

Thursday, 22nd January 2026
UNILEVER

Monday 26th January, 2026
CHAMS

Tuesday, 27th January, 2026
BERGER, CORNERSTONE, MORISON, NPFMFB, REGALINS

Wednesday, 28th January, 2026
ARADEL, MBENEFIT, MEYER, NEIMETH, OKOMU, TIP

Thursday, 29th January, 2026
ACCESS, BUAFOODS, CONHALL, FORTIS, INTBREW, JAPAUL, JBERGER, NAHCO, PRESCO, SAHCO, THOMASWYATT, ZENITH

Friday, 30th January 2026
ABC, CORONATION, ETERNA, OMATEK, SUNU

Tuesday, 3rd February 2026
ARADEL

Monday, 9th February 2026
SUNU

Tuesday, 10th February 2026
INFINITY

Wednesday 11th February 2026
NB

Thursday, 12th February 2026
FORTIS GLOBAL (AGM)

Friday, 13th February 2026
GUINNESS

Thursday, 19th February 2026
FIDELITY, UBA

Friday, 20th February 2026
ACCESS, HMCALL, SUNU

Monday 23rd February 2026
NESTLE

Tuesday 24th February 2026
DANGSUGAR, LAFARGE

Thursday, 26th February 2026
DANGCEMENT, MECURE, TRANSCHOTEL (AGM),

Friday, 27th February 2026
FCMB

Thursday, 5th March 2026
VITAFOAM (AGM)
......

Streetinvestor2:
Why celebrate early. Something heading for #100 soon. I would have called it as my third stock but declined because I am looking at stocks that can deliver 100% in the yr.
Looking at sugar and Cadbury which will first hit #100 this yr

Omo sugar now on full bid

FB

KarlTom:
There are strong indications that DANGSUGAR has recorded a marked turnaround
Not there yet but worth a mini rally...

Every mallam to his kettle