₦airaland Forum

Nigerian Stocks Defying Global Crash — Here’s What Smart Investors Are Buying


https://www.youtube.com/playlist?list=PLelyzjGuxrbj-ORzfwOEveV2vK0j1e3fw

Itzlinda:
Thank you. I'll trim my access and oando and buy eti.

If they solve the retain issue. We might have 30-50% upward price growth

Access is also cheap oh BUT its return on equity is nonsense

OANDO has fraudulent management so I don't bother looking at it

mikeapollo:
But Zenith pays higher dividends than GT?

GT paid higher than ZENITH for 2024 FYE

*GT: N7.03 final (Excluding interim)
ZEE: N4 final (excluding interim div)

nosa2:
You and this your VFD. The fundamentals are not so attractive oh

Ok boss, by your own calculations and metrics, what should be the fair value sir?

You can pls reply on NGXForum sir

feelamong:
ETI is always one of the most difficult banks to analyse....ask any analyst in many of these investment firms and they will tell you that its becos It’s not just a “bank”; it’s a multi-jurisdictional financial ecosystem.

It operates in over 33 countries
Issues of Currency translation and volatility
Its holding coy structure
Uneven Asset quality from different jurisdictions
complex financial reporting with so many Intercompany transactions hiding a lot of dirt

That Complexity discount will always be there on ETI

I personally prefer to hold stocks that i can easily analyse and understand its financials so easily without having to go and do CFA

So Good luck to ETI Investors.......Would only speculate there when i see the oppurtunity for such

I thought i was alone here. I have always found it stressful

Take a slice of the rebranded UNITY BANK when they are back

Mills55:
I bought GTCO at 12 naira, sold 21naira later bought back at 20. Still holding.

Itzlinda:
Thank you. I'll trim my access and oando and buy eti.

If they solve the retain issue. We might have 30-50% upward price growth

Timing is key in this.
Access' results may come out in few days. If CBN approves and their dividend is attractive, the price would jack up.
@Bagwa says Oando is planning to announce dividend soon (not yet confirmed, but he seems to know a lot about the firm.)

Who be management for OANDO... Nobi Wale ni?

nosa2:
Access is also cheap oh BUT its return on equity is nonsense

OANDO has fraudulent management so I don't bother looking at it

Well said

nosa2:
Zenith is less efficient than GTB and as such should trade at discount. ETI is more efficient than Zenith but less efficient than GTB.

I am using return on equity to measure efficiency

yMcy56:
GT: 119.50
ZEE: 113.30
Gap closed!!
Who's the Oga?
Will know as time goes on....
GT might not want to release the title so easily anyway 😁

GT widening the gap again....
GT @124
ZEE @109
As at now....

UBA @51

* The kind of billions flowing into these banking stocks though!
Hope we are safe in other sectors....😁

N11bn+ in ZENITH alone and as at now 😳

* ACCESS bank needs to step up the game and do nothing less than N40.....
Only one good news needed......maybe payment of good dividend

* Otedola & company should be warming up in FBNH

megawealth01:
Battle for FORBES na only Wale dey dull OANDO

No worry, d tin go do una like magic after ojt finish cleaning the book

WALE should clean am fast ⏩

robobo:
No worry, d tin go do una like magic after ojt finish cleaning the book

Providus + Unity Bank
Providus Bank just concluded its private placement to raise capital to meet requirement for it's license category (N50bn for Regional banking license).

Will the merged bank become a regional operator? UnityBank ab initio had deficiency in capital (was already on life-support from CBN).

Caveat emptor

yMcy56:
GT widening the gap again....
GT @124
ZEE @109
As at now....

UBA @51

* The kind of billions flowing into these banking stocks though!
Hope we are safe in other sectors....😁

N11bn+ in ZENITH alone and as at now 😳

* ACCESS bank needs to step up the game and do nothing less than N40.....
Only one good news needed......maybe payment of good dividend

* Otedola & company should be warming up in FBNH

AwesomeJ on the beat. 😁😁

Frangel:
Providus + Unity Bank
Providus Bank just concluded its private placement to raise capital to meet requirement for it's license category (N50bn for Regional banking license).

Will the merged bank become a regional operator? UnityBank ab initio had deficiency in capital (was already on life-support from CBN).

Caveat emptor

How much was the Private Placement per share?

emmanuelewumi:
Some investors get faith sha

Oando to the moon one day.

Via NEWS of significant debt reduction thro Epic Fury windfall.

If the windfall loot no vanish enter Bermuda Triangle

yMcy56:
GT widening the gap again....
GT @124
ZEE @109
As at now....

UBA @51

* The kind of billions flowing into these banking stocks though!
Hope we are safe in other sectors....😁

N11bn+ in ZENITH alone and as at now 😳

* ACCESS bank needs to step up the game and do nothing less than N40.....
Only one good news needed......maybe payment of good dividend

* Otedola & company should be warming up in FBNH

.

Recapitalisation is over (positive for risk) + dividend fever (even if little) = repricing

megawealth01:
WALE should clean am fast ⏩

ongoing

yMcy56:
GT widening the gap again....
GT @124
ZEE @109
As at now....

UBA @51

* The kind of billions flowing into these banking stocks though!
Hope we are safe in other sectors....😁

N11bn+ in ZENITH alone and as at now 😳

* ACCESS bank needs to step up the game and do nothing less than N40.....
Only one good news needed......maybe payment of good dividend

* Otedola & company should be warming up in FBNH

Access Bank and good dividend in the same statement is like bleaching cream and Malaria fever in the same statement.
Just as the first could be possible, a Malaria fever patient may be adviced to suspend their bleaching for ARTESUNATE to work effectively.

ppogba:
How much was the Private Placement per share?

N8.00

mikeapollo:
N8.00

Okay. Thanks.

mikeapollo:
Timing is key in this.
Access' results may come out in few days. If CBN approves and their dividend is attractive, the price would jack up.
@Bagwa says Oando is planning to announce dividend soon (not yet confirmed, but he seems to know a lot about the firm.)

Yea, it it's very tricky decision. I would dump the Oando sha. Would probably hold on to access. Then again I sold access few weeks ago to buy ETI but I'm not the smartest cookie in the jar

NAHCO on the move... ✈️
N175.90 as at now...

Frangel:
Providus + Unity Bank
Providus Bank just concluded its private placement to raise capital to meet requirement for it's license category (N50bn for Regional banking license).

Will the merged bank become a regional operator? UnityBank ab initio had deficiency in capital (was already on life-support from CBN).

Caveat emptor

I think they fall under national operator category

zendi:
Oando to the moon one day.

Via NEWS of significant debt reduction thro Epic Fury windfall.

If the windfall loot no vanish enter Bermuda Triangle

Exactly. Wale making money and Oando shareholders making money are two different things.

robobo:
ongoing

I tell people to look at the numbers under ''Company''....that is where the clean up is happening quietly, but not catching the eye of investors (the focus is always on ''Group'')

Actually, Retained Earnings is positive but Other Reserves is negative. (See Statement of Changes in Equity for Q32025).

Q4 Financials are not detailed enough; they lumped Retained Earnings and Other Reserves which is negative.

I think a good call.
Na their naija operations/results nor dey give joy.

nosa2:
I really no wan post analysis on this forum because of it can't be easily referenced in the future. But I will make an exception now.

ETI is cheap because of its negative retained earnings (hence no dividend). Now that negative retained earnings seems to be turning positive at least in its Naira result but is still negative in USD terms. I am waiting for the audited results to understand why that is.

Retained earning and Reserve -$148,264,000
Retained earning and Reserve +N2,552,212,916,000

You can check for yourself here
https://doclib.ngxgroup.com/Financial_NewsDocs/45990_ECOBANK_TRANSNATIONAL_INCORPORATED-_YEAR_END_-_FINANCIAL_STATEMENT_FOR_2025_FINANCIAL_STATEMENTS_FEBRUARY_2026.pdf

Now I have asked around and I was told its because of exchange rate translations, but the reason no too make sense.
Anyway thats the risk with this.

Now the good news is that irrespective of the figure now, the trend is positive and retained earnings is appreciating in both currencies.

This zenith money no be ordinary money. Na pension fund... 😊 Zenith wey i just enter last month at 84 don deliver pass some stock wey de receive prayer and fasting.

yMcy56:
NAHCO on the move... ✈️
N175.90 as at now...

Pure witchcraft!
NAHCO that I bought and sold for about N4 some years back?!

mikeapollo:
I think they fall under national operator category

UNITY is National
PROVIDUS is Regional
Maybe they could now upgrade to National after the merger..
Expected Cap base for National is N200bn
For Regional is N50bn

yMcy56:
NAHCO on the move... ✈️
N175.90 as at now...

The way I hold this one tight ehn...