₦airaland Forum

naturalflow:
But uba gave you una expo na!access wey stingy for dividend before,CBN gave them more reasons.

ACCESSCORP has paid dividends consistently for the last 15 years.

The CBN rule is the reason for no dividend for 2025 financial year.

Why you dey shalaye

Same rules applied to GTCO and ZENITH

EDUECO:
ACCESSCORP has paid dividends consistently for the last 15 years.

The CBN rule is the reason for no dividend for 2025 financial year.

ppogba:
Like I said earlier,based on the Cockroach theory is advanced Management, it is only logical for one to expect a result that will be morale shattering from both Access and FBNH.

" The thief cometh to steal, to kill and to destroy........"

" Like a thief in the night......."
" While men slept, the enemy came to sow tares......"


Brother Chinedu, verily, verily I say unto you, the two results will be released by night.

Shout Alleluia.

" A lizard that falls from a tree says if no one praises it, nodes it's head in self praise"............ African proverb.

My comment here mentioned two things concerning the Access result that people took for granted:

1. It justified the Cockroach theory in advance management.

2. It stated that the result will be released at night.

I HAVE BEEN PROVED RIGHT.

Respect to all the geniuses and gurus on this platform but if no one praises me, I am praising my self.

For potential capital appreciation, at the current price, Access bank is the best bank to buy right now on NGX

If it drops 10 - 20% next week, I will load aggressively. I hope it drops 10% on Monday so I can start accumulating and I go dey average down going forward, that is if it keeps dropping.

Follow The Money

I am not impressed with a lot of the Q1 results. I expected some like NAHCO and the Palm oil guys benefiting from FX windfalls but even with the ones I didn’t expect like MTN (QoQ).
Some of these stocks valuations are overstretched at current level if there is no significant growth YoY.

naturalflow:
Our wapco dividend how far?

Abi CBN hold am

NSEstudent:
Abi CBN hold am

make dem free am oo

Congratulations 🎊

EDUECO:
ACCESSCORP's 2025 Full Year Earning Per Share is ₦13.48

Earning Per Share for Q1 2026 is ₦3.69.

This is a good result.

Insiders loans which is close to ₦500 billion is surely the reason why the CBN asked ACCESSCORP not to pay dividend.

The CBN should enact law the bars insiders from taking loan. Insiders can go to other banks to take loans.

I know insiders are buying the shares of ACCESSCORP.

NOT EVERY RACE IS A SPRINT
In the pursuit of financial independence, not every race is meant to be a sprint. Some journeys demand endurance.
One of the earliest lessons on this path is that investing is a marathon. In a marathon, the objective is not just speed—it is survival, resilience, and ultimately, reaching the finish line. While moments of acceleration may occur, true success belongs to those who endure.
Marathon runners embody four inseparable qualities: discipline, patience, time, and consistency.
Many investors are disciplined, yet lack the patience to allow compounding—the so-called eighth wonder of the world—to work in their favor. Others are consistent, but without discipline, they fail to harness the true power of time. These qualities are not independent; they must function together.
Retail investors often begin their journey with ambition and hope. The goal is clear: build wealth. But somewhere along the way—often just before reaching their first major milestone, say ₦10 million—fear creeps in. Panic selling begins. Compounding is disrupted. Others, despite demonstrating discipline and consistency, end up sabotaging their progress in the name of “booking profits.”
Self-sabotage remains the greatest enemy of long-term wealth creation. The day I chose the path of wisdom was the day I consciously eliminated this tendency. Without overcoming it, discipline, patience, time, and consistency cannot fully manifest their rewards.

A Personal Reflection
My portfolio tells this story better than theory ever could.
Between 2019 and 2020, Unilever Nigeria Plc was going through a difficult phase. It was, in many ways, a “stone rejected by the builders.” The stock was consistently sold off, with its price falling from around ₦30 to ₦13.
That period, however, presented an opportunity.
I began accumulating shares gradually, building a position in tranches. By 2022, I had amassed 100,000 units at an average price of ₦14.91. At the time, there were no dividends, and the company was undergoing significant restructuring—bringing in diverse leadership across nationalities, focusing purely on competence.
That investment was my “entry fee” into the marathon.
The reward? Returns that outpaced inflation, now ₦137.50.
This is not theory. It is lived experience. I have seen firsthand what patience and compounding can achieve.

Lessons for Today’s Investor
To those who believe the story is over for stocks like UBA Plc or AccessCorp, history offers a different perspective. Markets are cyclical. Today’s underperformers can become tomorrow’s leaders.
Currently, GTCO and Zenith Bank are setting the pace among the FUGAZ group, and rightly so—their management deserves recognition. But that does not mean others are without future potential.
Volatility will likely remain pronounced for UBA and AccessCorp throughout 2026. However, volatility is not synonymous with failure. Investors should be careful not to dispose of valuable assets at giveaway prices.

Echoes from the Past:
WAPCO Experience
Those who invested in Lafarge Africa (WAPCO) between 2019 and 2023 will recognize a familiar pattern. The company faced numerous challenges—ownership transitions, management changes, frequent commercial paper issuances, RI, rising energy costs, stiff competition, and operational setbacks.
Negative sentiment dominated the narrative.
Yet, even in those turbulent times, the company continued paying dividends from retained earnings. That consistency rewarded patient investors.

Policy, Reality, and Responsibility
It is also important to acknowledge external factors. Regulatory actions, particularly by the Central Bank of Nigeria (CBN), affected dividend payments for banks like UBA and AccessCorp. Additionally, foreign exchange policies in 2023/2024 significantly impacted the banking sector.
However, while policy shapes the environment, individual responsibility and behavior shapes outcomes.

A Deeper Reflection on Wealth and Society
A story recently circulated about a man who sold his house and squandered the proceeds within five years. While easy to dismiss, such cases reflect a deeper issue—a mindset that undermines long-term security.
Many people plan their lives around the assumption that they will not live beyond 70. Yet today, people routinely live into their 80s and beyond, often battling chronic conditions. Without proper planning, this leads to financial vulnerability in old age.
In Nigeria, social safety nets are limited. The burden of survival often falls on family and community.
Scenes of elderly individuals begging on the streets—like those commonly seen in places such as Iwo Road in Ibadan—are stark reminders of what inadequate financial planning can lead to.
Life eventually asks a simple but profound question:
What have you retained from all you earned?

The Bigger Picture
Yes, governance challenges in Nigeria are real—past and present. Weak institutions, inconsistent policies, and poor planning persist.
But the question remains:
Should individual financial futures be abandoned because of systemic failures?
The reality is that collective prosperity may remain elusive. Financial freedom, in many cases, is an individual pursuit.

Final Thoughts
To government workers, Happy Workers’ Day.
Be mindful that inflation steadily erodes the value of pensions long before retirement arrives. Life is not a rehearsal. Financial discipline is not optional—it is essential.
Leverage available tools, including the stock market, to protect and grow wealth against inflation—the silent destroyer.

And to the self-employed and independent thinkers who have taken control of their financial destiny—kudos. The marathon is long, but for those who stay the course, the rewards are real.

EDUECO:
ACCESSCORP has paid dividends consistently for the last 15 years.

The CBN rule is the reason for no dividend for 2025 financial year.

eeeya ,eeeya!it is the same thing we are saying. uba was paying consistently for 20 years or more!before the present drama.as eee don be like this,the best way is to contact nosa2,transfer all your holdings to him for safekeeping!

nosa2:
I am definitely trading Access on Monday. Whether I am buying or selling, I will only confirm after my trade.

No be this oga sell his ETI to enter ACCESS this week?
ETI come dey fly and access come dey reverse.
Abeg which stock you want to exit next make man take position there?

EDUECO:
ACCESSCORP's 2025 Full Year Earning Per Share is ₦13.48

Earning Per Share for Q1 2026 is ₦3.69.

This is a good result.

Insiders loans which is close to ₦500 billion is surely the reason why the CBN asked ACCESSCORP not to pay dividend.

The CBN should enact law the bars insiders from taking loan. Insiders can go to other banks to take loans.

I know insiders are buying the shares of ACCESSCORP.

una go explain taya...dnt worry still got 3more days to go.. for damage control

KarlTom:
Why you dey shalaye

Same rules applied to GTCO and ZENITH

Leave dem..dem go explain taya..they still gat more days for public stunt

😆

KarlTom:
Why you dey shalaye

Same rules applied to GTCO and ZENITH

Funny thing be say,access no send share price oh.if to say wigwe still dey alive,we for get small hope!

ppogba:
" A lizard that falls from a tree says if no one praises it, nodes it's head in self praise"............ African proverb.

My comment here mentioned two things concerning the Access result that people took for granted:

1. It justified the Cockroach theory in advance management.

2. It stated that the result will be released at night.

I HAVE BEEN PROVED RIGHT.

Respect to all the geniuses and gurus on this platform but if no one praises me, I am praising my self.

What about me that have categorically stated for months that ACCESS will not pay dividend? You don praise me?

Wait oh,dey hear say access wan pay 1.5 naira

naturalflow:
eeeya ,eeeya!it is the same thing we are saying. uba was paying consistently for 20 years or more!before the present drama.as eee don be like this,the best way is to contact nosa2,transfer all your holdings to him for safekeeping!

I am buying more ACCESSCORP shares for my Investment or Dividend portfolio.

ACCESSCORP is grossly undervalued with respect to its asset and equity.

Agbalowomeri:
What about me that have categorically stated for months that ACCESS will not pay dividend? You don praise me?

Na you cause am. Access would have paid dividend

SonofElElyonRet:
But you no suppose post dis nawu
Take your losses like a man, dude

The goose coming home to rooste

Yoursfaithful:
una go explain taya...dnt worry still got 3more days to go.. for damage control

There are tangible facts and figures to support it.

ACCESSCORP is doing excellently well.

You do not think Fidelity will pay too?

Wahala de be that o

emmanuelewumi:
Yes, as I said Access Bank won't pay dividends.


Access Bank and UBA are in the same WhatsApp group.

Watch out for what might happen to other small banks like Fidelity and FCMB

Agbalowomeri:
What about me that have categorically stated for months that ACCESS will not pay dividend? You don praise me?

Tuale Baba!

EDUECO:
I am buying more ACCESSCORP shares for my Investment or Dividend portfolio.

ACCESSCORP is grossly undervalued with respect to its asset and equity.

I don't think you need this.
You are not the only one that holds access.

From where, the result is out already

naturalflow:
Wait oh,dey hear say access wan pay 1.5 naira

STOCK PICK FOR THE MONTH: CHAMS PLC


• Strong Q1 2026 Performance: Momentum in Revenue and Profitability
CHAMS delivered solid top- and bottom-line growth in the first quarter:


Gross Profit increased substantially to ₦1.33 billion, aided by a roughly 7% drop in cost of sales, reflecting better operational efficiency or favorable input costs.

Profit After Tax (PAT) surged 188% (or nearly 2.9x) to ₦429.4 million (from ₦148.9 million in Q1 2025).

This profit jump highlights operating leverage and possibly higher-margin contributions from areas like cybersecurity services, which have been noted as a growth driver amid rising cyber threats and regulatory demands in Nigeria.

The company also showed balance sheet discipline:
- Total Equity grew to ₦19.95 billion (from ₦19.52 billion at end-2025), driven almost entirely by retained earnings from the quarter's profit.

- Liabilities decreased meaningfully (to ₦11.88 billion from ₦14.86 billion), mainly from lower trade payables.

- Operating cash flow was positive at ₦455.7 million, supporting reinvestment despite some loan repayments and capex outflows.

These figures build on full-year 2025 results, where revenue grew ~18% to around ₦17.5 billion and PAT reached ~₦606 million. Q1 2026 suggests the growth trajectory is continuing, with improved margins in the early part of the year.

Strategic Expansion into High-Growth Areas (AI, Data Centers, Digital Infrastructure)
CHAMS is evolving beyond its traditional identity management, payments, card production, and transaction switching businesses (core to SIM cards, bank cards, and digital IDs):

- In February 2026, the company launched Chamscorp Plc, a new subsidiary focused on digital device manufacturing, data centre design/operations, AI infrastructure, and intelligent systems. This positions CHAMS in Nigeria's emerging AI and digital infrastructure boom.

- Leadership appointments (including experienced figures from finance and data analytics) signal serious intent.

- Nigeria's digital economy is expanding rapidly, with massive growth in instant payments (NIP transactions), fintech adoption, e-commerce, and government digital ID initiatives.

CHAMS' established role in identity and payments gives it a strong foundation to capture value in adjacent high-margin areas like cybersecurity and AI-enabling infrastructure.

The capital raise of ~₦7.5–7.65 billion in 2025 (via rights issue/private placement) has strengthened the balance sheet, providing dry powder for these expansions, cross-border payments, and fintech innovations across Africa.

A proposed dividend (e.g., 3 kobo per share) also signals returning capital to shareholders and confidence in cash generation.

Valuation and Upside Potential
- Improving Fundamentals: Double-digit revenue growth historically, sharp PAT expansion in Q1, positive cash flow, and a cleaner balance sheet (higher equity, lower liabilities).

- Multiple Expansion Opportunity: As CHAMS executes on Chamscorp and higher-margin digital/AI plays, the market could re-rate the stock from a legacy payments/ID play to a diversified digital infrastructure leader.

- Nigeria Fintech Tailwinds: Continued CBN support for digital payments, AfCFTA-driven cross-border opportunities, and structural demand for secure identity solutions.

- Catalyst Pipeline: Further details on Chamscorp progress, potential new contracts in government/biometrics, full-year 2026 guidance, and any M&A or partnerships.


This is not financial advice. Always conduct your own due diligence

Sunrisepebble:
From where, the result is out already

Influencers who gave them hope online are now giving false hope that a final dividend was declared.
Abi na the influencers go pay them?

Yoursfaithful:
una go explain taya...dnt worry still got 3more days to go.. for damage control

It is a fact that the results are good.

ppogba:
Tuale Baba!

EDUECO:
There are tangible facts and figures to support it.

ACCESSCORP is doing excellently well.

Are you one of the influencers?

PETERiCHY:
We have added UBA & ACCESS to our WATCHLIST...

UBA Sweet-Spot is circa #30 while
ACCESS Sweet-Spot is circa #20
Buy above those prices are your peril....

Let's bear in mind that "SELL IN MAY AND GO AWAY" is the CORNER, 💕


BARGAIN HUNTERS TAKE NOTE!

Soft Reminder 🎗️ as we watch the drama unfold...

There's plenty money made to be in NGX though one also need plenty patience get in at those bargain prices

ACCESS circa #20
UBA circa #30
OANDO circa #40
JAPAULGOLD circa #2

Buy above those Bargain PRICES at your peril.

BARGAIN HUNTERS TAKE NOTE!

Meanwhile EDU & CO after seeing their ACCESS BANK RESULTS

naturalflow:
Wait oh,dey hear say access wan pay 1.5 naira

Another influencer