₦airaland Forum

pluto09:
I don't think you need this.
You are not the only one that holds access.

GeneralDae:
Ah this chairman 😊. Why add the $24 Billion in the pipeline? There’s a difference between money approved by the senate for borrowing and money actually borrowed. Tinubu has increased foreign debt from $43 Billion to $51 Billion in 3 years. Forget the $24 Billion. Even Buhari had an almost similar approval in 2022 which he didn’t use.

ogawisdom:
Make it make sense

Presco SP = 2300, dividend = 14

Full offer may be loading, I hope I am wrong

Namaster:
The #14.66 dividend is in ADDITION to #30 already paid.

vacanci:
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?

kintus:
Na your recommendation make me dey 35% loss on Lasaco. I hope they price appreciates soon.

Olaide1295:
Nigeria does not need subsidy. Don't advocate for distorted markets. If subsidy is brought in again, smuggling will restart en-masse to Benin, Cameroon & Niger. Consumption will shoot up.
Let market handle things normally. If the price is really unaffordable, demand by some people for the goods will be destroyed.

ogawisdom:
Still not up to what Dan cement paid with much lower SP

It has delivered well on capital appreciation for those that bought sub 1000, it's an excellent growth stock with world class margins

StockGiver:
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

Streetinvestor2:
Though they are not in the same sector to compare.How much was Dangote eps.
Presco is sting with dividend from #120 eps
They could have paid upto #70

KarlTom:
PRESCO AFS '25
https://doclib.ngxgroup.com/Financial_NewsDocs/46920_PRESCO_PLC-_QUARTER_5_-_FINANCIAL_STATEMENT_FOR_2025_FINANCIAL_STATEMENTS_APRIL_2026.pdf
DIV: ₦14.66

ACCESSHOLDCO AFS '25
https://doclib.ngxgroup.com/Financial_NewsDocs/46923_ACCESS_HOLDINGS_PLC-_QUARTER_5_-_FINANCIAL_STATEMENT_FOR_2025_FINANCIAL_STATEMENTS_MAY_2026.pdf
DIV: ₦0.00

megawealth01:
We move... Let the fall in price begin

Ovamboland:
Nobody is asking how citizens of Benin, Ghana, Niger, Ivory Coast are surviving and seem to be doing well in some cases without fuel or electricity subsidy

Bigdeal01:
I think we are too fixated on Access Bank. There are so many untapped stocks out there. It is good that CBN is standing against the recklessness of most of our banks.
The cheaper Access gets, the better for long term investors.

Willie2015:
Access and UBA na twin brothers...

Streetinvestor2:
Though they are not in the same sector to compare.How much was Dangote eps.
Presco is sting with dividend from #120 eps
They could have paid upto #70

Redoil:
Access Bank did very well the bad result was from the group

Ovamboland:
Nobody is asking how citizens of Benin, Ghana, Niger, Ivory Coast are surviving and seem to be doing well in some cases without fuel or electricity subsidy

Willie2015:
Access and UBA na twin brothers...

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

Redoil:
Access Bank did very well the bad result was from the group

KarlTom:
Why you dey shalaye

Same rules applied to GTCO and ZENITH