₦airaland Forum

BabsO2:
I think that profit attributed to equity holders is a sum of what common shareholders and what tier 1 bond holders are entitled to. I don’t think everything belongs to common shareholders. ETI that have similar tier 1 bonds separate these entitlements clearly. Please double check.

Good Saturday morning BabsO2, Wema is probably the only Bank spelling it out in their weighted average. You can do the maths for UBA and ETI and kindly reflect it here if it differs. I did the maths, but willing to take corrections if they differ. At least we are stimulating discussions to improve our stock picks. Iron sharpenth iron.

labiola:
Una like to dey talk rubbish. Is the money not being shared by all three tier of govt. Stop buying shares if you don’t want to pay WHT.

Whr you crawl out come to my post.It is not me sharing hunger and poverty to u na the failed government

[quote author=yMcy56 post=139274807]Posted on March 17,2026
* As at yesterday, ASI did 242k.....
* 235 done and dusted!
* New projections made again .....😊[/quote


RELEASE our oga for us madam!! U hijacked him for personal use??
### BRINGBACKDORACLE#

yMcy56:
Posted on March 17,2026
* As at yesterday, ASI did 242k.....
* 235 done and dusted!
* New projections made again .....😊

You never talk whr u dey see oracle projections..lol
What is the new projections

Sunrisepebble:
Use P/B for the banks. Not PE. GT is going to pay 14-15 div this year and you think it’ll be at 117?

Amen. But the market hasn't priced that in yet.

Common Sense Entry Strategy aims to guide below which it's safe to enter (the lower, the better). Then, once attained you need to reevaluate whether to hold for further appreciation or sell. In other words, the stocks will at least attain that threshold. It's not a valuation. Please take some time to read a few of my early posts if interested in learning how this evolved.

Once again, thank you for all you do on this platform. Your insight is invaluable.

Zeewirld:
3.69 is EPS,right?

What about the other figures.,please what does it represent/mean?

It's an assessment based on 5x multiple. Please kindly visit my earlier posts, to learn more about why I do this and how. A bit of history. I bought my first stock in 1997. Everything then was analogue. A few years later, I was heading to my first $mill ( exchange rate then was about N120 to $). Then came the crash and everything tumbled into the sea. Some stocks fell from 100 to 3 and a few even worse. I planned to make it to the board of Wema Bank but all that came down. I stayed away from stocks for many years like so many others ( one of my biggest mistakes). After it all, I asked myself pertinent questions. I came up by His Grace, that I just didn’t apply Common Sense. So I asked, what exactly made sense? The rest is history…..

Please always do your due diligence. Please remember it's a strategy to guide entry, once the target is hit, reevaluate to determine whether remaining still makes sense or not.

aj8:
Good Saturday morning BabsO2, Wema is probably the only Bank spelling it out in their weighted average. You can do the maths for UBA and ETI and kindly reflect it here if it differs. I did the maths, but willing to take corrections if they differ. At least we are stimulating discussions to improve our stock picks. Iron sharpenth iron.

I really appreciate you for your contribution on this forum.
I have two major concerns with access bank. One is the fair value and foreign exchange gain of about N220b ( over N1 trillion in full year 2025). I am still going through the report to see what exactly they are doing differently from others that they are still earning this huge amount from this line item.
Do you think this is sustainable?

Further clarification

Common sense is an entry and exit strategy
It's based on an average 4x and 5x multiples whichever is closer to common sense.
Aim is to buy well below that price. 20% below at least. The lower the better.
For companies with higher multiples, we apply their PEs.
We all invest in stocks for growth, appreciation, plus dividends. Stocks below their 4/5 multiple will appreciate to at least their 4/5x multiple over time as long as the fundamentals are right. It's good at detecting stocks that are undervalued so as to get a front row seat.

My earlier post may be useful. It's NOT the only tool but it has helped me recover most of my losses in 2008. I do apply other valuations and TA when necessary. I think this forum is great in meeting like minds and some who challenge one to do much better and yes, a few that help us laugh off the stress of day-to-day hardship.

You are doing a great job 👍

aj8:
Further clarification

Common sense is an entry and exit strategy
It's based on an average 4x and 5x multiples whichever is closer to common sense.
Aim is to buy well below that price. 20% below at least. The lower the better.
For companies with higher multiples, we apply their PEs.
We all invest in stocks for growth, appreciation, plus dividends. Stocks below their 4/5 multiple will appreciate to at least their 4/5x multiple over time as long as the fundamentals are right. It's good at detecting stocks that are undervalued so as to get a front row seat.

My earlier post may be useful. It's NOT the only tool but it has helped me recover most of my losses in 2008. I do apply other valuations and TA when necessary. I think this forum is great in meeting like minds and some who challenge one to do much better and yes, a few that help us laugh off the stress of day-to-day hardship.

Like joke. the ASI is heading for 300k
Almost 100% for this yr in 4 months.
Thr only campaign achievement is getting ready

pluto09:
I really appreciate you for your contribution on this forum.
I have two major concerns with access bank. One is the fair value and foreign exchange gain of about N220b ( over N1 trillion in full year 2025). I am still going through the report to see what exactly they are doing differently from others that they are still earning this huge amount from this line item.
Do you think this is sustainable?

Thank you too.
No, not likely. However, Q1 being the most recent for assessment, suggests they are still having issues (Q1 comprehensive dropped). But their last minute private placement suggest they are willing to address their issues. One may be right to be cautious and that's why Wema is currently valued above them. Let's see what Q2 would bring with it. Even if the Comprehensive of 126 bill is used (OS 54 bill) in the calculation, we would still end up with 45.667...(126/54 x4x5). I have a small holding in Access Bank(10,000 units) just for the sake of the registrars, which I would add to over time. One still needs to explain the huge volumes traded recently with price uptick. Someone knows something we don't, but then is that information good or bad? Monday will tell by the close of business. Access can pay at least N2.00 year end 2026 if nothing seriously negative happens.

Streetinvestor2:
Like joke. the ASI is heading for 300k
Almost 100% for this yr in 4 months.
Thr only campaign achievement is getting ready

There might be some profit taking this month and the pumping would then resume in June/July. However, August/ September would definitely see the NGX cross 300k.

Saw this somewhere... This guys sha

jckgroup1:
Presco FS; AI generated visual format.

Chief pls which prompt do you feed to the Ai to get this and which of the Ai tool.

Thank you

I honestly want access to fall below 20 naira. So all the dumpers please do that faster

You people didn't allow me get into VFD at sub 10. I'll try again next week...

megawealth01:
I honestly want access to fall below 20 naira. So all the dumpers please do that faster

Why not wait to have this conversation after market close on Monday

💯

nosa2:
Why not wait to have this conversation after market close on Monday

Only OGG writes as constructive and sweet as you do. My wild guess is this is OGG

Mankind2024:
Even the sharpest seers and crystal-ball gazers among you could not unravel the ordinary person behind this moniker, quietly doing extraordinary things.

Mankind2024:
This is the same pattern we saw between 2021 and 2023, when many investors sold off Unilever, WAPCO, First Bank, and ETI—often too quickly and too soon.

If you sold these off and invested in GT or Zenith, which was doing well at that time, you would have not missed anything. What is the opportunity cost of waiting for recovery?

Bookmarked!!!!!!!!!!!

Mankind2024:
THE FRONTIER RECLASSIFICATION: A SHIFT MANY ARE STILL MISSING.

The Nigerian Exchange (NGX) was reclassified as a Frontier Market in Q1 2026 by FTSE Russell. This is not just a technical adjustment—it is a structural shift with far-reaching implications.
Yet, many retail investors have not fully grasped the significance of this development. Instead, discussions are dominated by complaints, some even suggesting that stocks like AccessCorp and UBA Plc are being “punished” for conservative dividend policies.

History and market behavior suggest otherwise.
When global liquidity—often referred to as “hot money”, flows into frontier markets, its first destination is typically the most liquid and credible names. On the NGX, that means premium board stocks. These are the vehicles through which institutional capital gains exposure efficiently and at scale.

While retail investors debate EPS, P/E ratios, and question management decisions, institutional investors are positioning ahead of capital flows.
For those with long-term ambition, those eyeing the so-called “₦1 billion portfolio” milestone, the window to prepare is now. A key period to watch is mid-September 2026 (12th–21st), when fund managers from London to Brussels are expected to engage directly with our market and assess opportunities.
This is how wealth transitions.
There is often a silent but powerful transfer of wealth, from the impatient to the patient, from the reactive to the prepared.
As interest builds, participation will not be limited to global funds alone. African fund managers will also step in. The environment may begin to resemble a gold rush, where, historically, not just the diggers but also the providers of infrastructure and access (“shovel sellers”) capture significant value.
In this context, certain institutions stand out.
United Capital Plc (UCAP), with its expanding footprint and pan-African diversification strategy, is positioning itself as a key financial intermediary.
Similarly, United Bank for Africa (UBA Plc), operating across 20+ countries, is strategically placed to facilitate cross-border capital flows and serve as a gateway for foreign investors entering African markets.
As a self-directed and forward-looking retail investor, my focus remains on long-term value creation and consistently outperforming my personal benchmarks year-on-year.
My candid advice to fellow NSEMPA members is simple:
Shift your attention from short-term noise to structural trends. Begin researching and positioning in stocks that are most likely to benefit from the Frontier Market classification.
The opportunity may not announce itself loudly, but it rarely waits.

Still not seen. Let me go and check

KarlTom:
WAPCO DIV dropped yesternight...

Sunrisepebble:
Still not seen. Let me go and check

Dem wan deliver your own for house, in cash.

Sunrisepebble:
Still not seen. Let me go and check

You will get it before the day runs out.

I just got mine now.

MODESTY2024:
Only OGG writes as constructive and sweet as you do. My wild guess is this is OGG

Naa.. OGG is also strong in TA skills and jargons. With diverse stock base not limited to fundamentals alone..
It would have shown in at least one write-up over the years.

I think these Access results and no dividend may have already been priced in when Access price dropped along with that of UBA when UBA results came out.

Shalom428:
I hope Access stays on full offer for two to three days, giving me the window to accumulate sufficient units and then let time compound the outcome. My target is a buy entry between ₦22–₦25 and an exit range of ₦45–₦50. I believe the bank presents the strongest opportunity in the sector at the moment.

At N22 Naira, I will be more than happy to buy 10M units

This is not financial advice. Please do your due diligence.

Shalom

Mankind2024:
Impossibility cannot become possibility.
Heightened self-awareness and the deteriorating security situation in our environment make it necessary to leave no trace, nothing that could be used to identify or locate me, even by agencies like the CIA or FBI. I remain anonymous under the identity “Mankind2024 ” Over time, I’ve used several aliases, most of which have been deleted; this is the only one I currently recall. Beyond that, I have no secondary identity.
Anonymity plus faceless forum is, in my view, the safest way to share information without exposing oneself to risks such as cyber threats or online exploitation.

Sorry to burst your bubble. You are not invisible to CIA and FBI. Even Nigerian DSS will fish you out in a jiffy. You registered the moniker with an email address you are using a phone with internet connection to access the website and you think you are invisible. See a a serious techie with low end technology will locate you faster than you can say Jesus is lord.

🤣🤣

NSEstudent:
Dem wan deliver your own for house, in cash.

Raider76:
I think these Access results and no dividend may have already been priced in when Access price dropped along with that of UBA when UBA results came out.

Na lie. Nothing is priced in.

The wages of Sin is death according to the holy book.

The wages of dividend non payment according to investment manual is dumping during the subsequent trading period.

We no go gree.
Punishment dey must chop. And chop in abundance.

We are even talking of Access that is a disabled stock compared to it's contemporaries.

Big for nothing....

ppogba:
Na lie. Nothing is priced in.

The wages of Sin is death according to the holy book.

The wages of dividend non payment according to investment manual is dumping during the subsequent trading period.

We no go gree.
Punishment dey must chop. And chop in abundance.

We are even talking of Access that is a disabled stock compared to it's contemporaries.

Big for nothing....

Good pm guys. Is there a possibility for the Registrar to understate one’s holdings. I held over 10,000units of Zenith Bank shares before QD. However, while filling the AGM link sent by VERITAS Registrars today, I saw 8,343 units as holdings. Do I need to send a mail to address this?

Access bank has 900k plus shareholders. That is a lot of disappointed shareholders. So Monday go dey bloody until September if at all they will give interim dividend