Polaris Bank Battles for Survival Amid Growing Concerns
https://www.businesspost.ng/2018/10/19/polaris-bank-battles-for-survival-amid-growing-concerns/

SOURCE (abridged): nairametrics.com

BUY/SELL/HOLD ANALYSIS FOR WEEK OF 26TH OCTOBER 2018
By Onome Ohwovoriole - October 19, 2018

Buy/Sell/Hold is picked from top gainers and losers of the previous week as well as various analyst reports.

(1). WEMA BANK: SELL
It reported net interest income ₦9.09 bn for Half Year ended 30 June 2018, vs ₦8.48 bn for H1-2017. PBT was ₦1.81 bn for the period, 27% increase from ₦1.43 bn for H1-2017. PAT for H1-2018 was ₦1.57 bn, vs ₦1.22 bn in H1 2017.

Price Info:
Current Share Price: ₦0.63
Price to Earnings Ratio: 9.32X
Price to Book Ratio: 0.47
Year to Date Return: 21.15%
One Year Return: 26%

External View:
Analysts at Afrinvest have a ‘Hold’ recommendation on the stock. They have a one-year target price of ₦0.57, a 1.8% upside from stock’s price of ₦0.56, as at when the report was prepared.

Our View:
Wema Bank is a SELL in Nairametrics’ opinion. It is trading at a PE ratio much higher than its tier two peers such as Fidelity Bank trading at 1.38 times earnings and Sterling Bank trading at 3.91 times earnings. It has also outperformed the All Share Index which is down 14.4% YTD. Investors would be better off selling now, then re-entering at a lower price.


(2). CAP Plc: HOLD
H1 ended June 2018 revenue increased from ₦3.4 bn in 2017 to ₦3.8 billion in 2018. PBT also grew from ₦1 bn in 2017 to ₦1.3 bn in 2018. PAT rose from ₦696 mn in 2017 to ₦917 mn in 2018.

Price Info:
Current Share Price: ₦31
Price to Earnings Ratio: 14.4X
Price to Book Ratio: 9.6
Year to Date Return: -8.82%
One Year Return: 0.70%

External View: None

Our View:
CAP Plc is a HOLD in Nairametrics’ opinion. While the stock is trading 22.5% below its year high of ₦40, possibility of further sharp decline is low due to the Illiquid nature of the stock.


(3). CUTIX Plc: HOLD
Q1 ended July 2018 revenue increased from ₦1.2 bn in 2017 to ₦1.3 bn in 2018. PBT increased from ₦160 mn in 2017 to ₦171 mn in 2018. PAT increased from ₦104 mn in 2017 to ₦111 mn in 2018.

Price Info:
Current Share Price: ₦2.20
Price to Earnings Ratio: 4.29X
Price to Book Ratio: 1.30
Year to Date Return: 9.45%
One Year Return: 10.81%

External View: None

Our View:
Cutix Plc is a HOLD in Nairametrics’ opinion. This week, the stock was marked down for a one for one bonus and a ₦0.20 dividend. The stock has since rebounded, gaining in the last two trading sessions.


(4). OKOMU OIL: SELL
H1 ended June 2018 revenue increased from ₦12.4 bn in 2017 to ₦12.9 bn in 2018. PBT dropped from ₦7.8 bn in 2017 to ₦6.9 bn in 2018. PAT also dropped from ₦6.2 bn in 2017 to ₦5.9 bn in 2018.

Price Info:
Current Share Price: ₦79.8
Price to Earnings Ratio: 8.59X
Price to Book Ratio: 2.75
Year to Date Return: 17.89%
One Year Return: 27.23%

External View:
Analysts at FBN Quest have an ‘Underperform’ rating on the stock. They have a target price of ₦88, indicating potential upside of 11.3% from the stock’s price of ₦79.8 as at when the report was prepared.

Analysts at United Capital have a BUY rating on the stock. They have a target price of ₦99.8, indicating potential upside of 25% from ₦79.8 as at when the report was prepared.

Our View:
Okomu Oil is a SELL in our opinion, as the stock is trading at a PE ratio of nearly 3 times its peer, Presco Plc, which is trading at 2.2 times earnings.

prof2007:
SOURCE (abridged): nairametrics.com

BUY/SELL/HOLD ANALYSIS FOR WEEK OF 26TH OCTOBER 2018
By Onome Ohwovoriole - October 19, 2018

Buy/Sell/Hold is picked from top gainers and losers of the previous week as well as various analyst reports.

(1). WEMA BANK: SELL
It reported net interest income ₦9.09 bn for Half Year ended 30 June 2018, vs ₦8.48 bn for H1-2017. PBT was ₦1.81 bn for the period, 27% increase from ₦1.43 bn for H1-2017. PAT for H1-2018 was ₦1.57 bn, vs ₦1.22 bn in H1 2017.

Price Info:
Current Share Price: ₦0.63
Price to Earnings Ratio: 9.32X
Price to Book Ratio: 0.47
Year to Date Return: 21.15%
One Year Return: 26%

External View:
Analysts at Afrinvest have a ‘Hold’ recommendation on the stock. They have a one-year target price of ₦0.57, a 1.8% upside from stock’s price of ₦0.56, as at when the report was prepared.

Our View:
Wema Bank is a SELL in Nairametrics’ opinion. It is trading at a PE ratio much higher than its tier two peers such as Fidelity Bank trading at 1.38 times earnings and Sterling Bank trading at 3.91 times earnings. It has also outperformed the All Share Index which is down 14.4% YTD. Investors would be better off selling now, then re-entering at a lower price.


(2). CAP Plc: HOLD
H1 ended June 2018 revenue increased from ₦3.4 bn in 2017 to ₦3.8 billion in 2018. PBT also grew from ₦1 bn in 2017 to ₦1.3 bn in 2018. PAT rose from ₦696 mn in 2017 to ₦917 mn in 2018.

Price Info:
Current Share Price: ₦31
Price to Earnings Ratio: 14.4X
Price to Book Ratio: 9.6
Year to Date Return: -8.82%
One Year Return: 0.70%

External View: None

Our View:
CAP Plc is a HOLD in Nairametrics’ opinion. While the stock is trading 22.5% below its year high of ₦40, possibility of further sharp decline is low due to the Illiquid nature of the stock.


(3). CUTIX Plc: HOLD
Q1 ended July 2018 revenue increased from ₦1.2 bn in 2017 to ₦1.3 bn in 2018. PBT increased from ₦160 mn in 2017 to ₦171 mn in 2018. PAT increased from ₦104 mn in 2017 to ₦111 mn in 2018.

Price Info:
Current Share Price: ₦2.20
Price to Earnings Ratio: 4.29X
Price to Book Ratio: 1.30
Year to Date Return: 9.45%
One Year Return: 10.81%

External View: None

Our View:
Cutix Plc is a HOLD in Nairametrics’ opinion. This week, the stock was marked down for a one for one bonus and a ₦0.20 dividend. The stock has since rebounded, gaining in the last two trading sessions.


(4). OKOMU OIL: SELL
H1 ended June 2018 revenue increased from ₦12.4 bn in 2017 to ₦12.9 bn in 2018. PBT dropped from ₦7.8 bn in 2017 to ₦6.9 bn in 2018. PAT also dropped from ₦6.2 bn in 2017 to ₦5.9 bn in 2018.

Price Info:
Current Share Price: ₦79.8
Price to Earnings Ratio: 8.59X
Price to Book Ratio: 2.75
Year to Date Return: 17.89%
One Year Return: 27.23%

External View:
Analysts at FBN Quest have an ‘Underperform’ rating on the stock. They have a target price of ₦88, indicating potential upside of 11.3% from the stock’s price of ₦79.8 as at when the report was prepared.

Analysts at United Capital have a BUY rating on the stock. They have a target price of ₦99.8, indicating potential upside of 25% from ₦79.8 as at when the report was prepared.

Our View:
Okomu Oil is a SELL in our opinion, as the stock is trading at a PE ratio of nearly 3 times its peer, Presco Plc, which is trading at 2.2 times earnings.

Who should we sell to if ALL of us are asked to sell?
Someone must buy....

dipoolowoo:
Polaris Bank Battles for Survival Amid Growing Concerns
https://www.businesspost.ng/2018/10/19/polaris-bank-battles-for-survival-amid-growing-concerns/

Morgancapital

fxuser:
FCMBB
weekly chat
- bearish posture , closing below its prev wk close ! further downside expected
- lowest daily close dis yr is pulling price lolx

FCMB
- d TA is still bearish
- trading below the 50, 20 , 10 dma !

zenith
- still above its monthly & weekly open

so surprised that lafarge price is still standing till today friday.After this loss,with the going concern under concern? it deserves some accolades.

mendes911:


Not just one old man. They were two: one was championing for 3 euros whereas his partner was clamouring for N250.00.

LOL.

Mpeace:
An old man once said, WAKE ME WHEN ITS 3EUROS.
now am thinking, maybe I didn't hear well, did he mean N3

That the outcome of an investment is not what someone had envisaged should not be a thing of laughter.. it can happen to anyone of us.

This foolishness got to stop.
This childish behavior have got to stop.
Are you guys witches ? Or what ?
How come you don’t feel sorry for what that person is going through ?
Before NSE, you’re humans ok ?

Yayira:




That the outcome of an investment is not what someone had envisaged should not be a thing of laughter.. it can happen to anyone of us.

This foolishness got to stop.
This childish behavior have got to stop.
Are you guys witches ? Or what ?
How come you don’t feel sorry for what that person is going through ?
Before NSE, you’re humans ok ?

Aproko who call you for the matter kwa

When my diamonds went bad, he called me names, we joked over it and it passed. Now his wapco is going... and I cannot joke over it because of somepple who love to take panadol for other's illness.
The person being called is somewhere laughing, and waiting to take his turn in what has become a friendly practice here.
If you cannot read and pass, its your own problem.
Stop hallucinating over a post that doesn't concern you.
It is not ur ''foolishness or childishness''.
Take hold of your emotions and stop taking things too personal. You don't have to take your losses out on me.

Agbalowomeri:


Aproko who call you for the matter kwa

I wonder...

Mpeace:
When my diamonds went bad, he called me names, we joked over it and it passed. Now his wapco is going... and I cannot joke over it because of somepple who love to take panadol for other's illness.
The person being called is somewhere laughing, and waiting to take his turn in what has become a friendly practice here.
If you cannot read and pass, its your own problem.
Stop hallucinating over a post that doesn't concern you.
It is not ur ''foolishness or childishness''.
Take hold of your emotions and stop taking things too personal. You don't have to take your losses out on me.

Chai chai na only you waka come? There is God o

^^^ Ha! So you did not know he stopped commenting cause of you peeps ?
If it’s a do me I do you “thing” isn’t it enough? How many times y’all going to talk about it? Cause that man I know won’t go on and on with someone’s bad investment like you guys are doing

yariya see ur life, one can not post freely here anymore. any post u will just jump on it. do you think the person still have the stock?

things like this make here dry this days when one can not make a joke

Mpeace:
When my diamonds went bad, he called me names, we joked over it and it passed. Now his wapco is going... and I cannot joke over it because of somepple who love to take panadol for other's illness.
The person being called is somewhere laughing, and waiting to take his turn in what has become a friendly practice here.
If you cannot read and pass, its your own problem.
Stop hallucinating over a post that doesn't concern you.
It is not ur ''foolishness or childishness''.
Take hold of your emotions and stop taking things too personal. You don't have to take your losses out on me.

Childishness at its peak.. my losses are peanuts to compare to my wealth.. and FYI I’ve recovered.. sitting pretty nice

Yayira:
^^^ Ha! So you did not know he stopped commenting cause of you peeps ?
If it’s a do me I do you “thing” isn’t it enough? How many times y’all going to talk about it? Cause that man I know won’t go on and on with someone’s bad investment like you guys are doing

sidon there, who is not commenting? he coment often with other handle. he even post yesterday

different handle with diffent purpose

Mpeace:
When my diamonds went bad, he called me names, we joked over it and it passed. Now his wapco is going... and I cannot joke over it because of somepple who love to take panadol for other's illness.
The person being called is somewhere laughing, and waiting to take his turn in what has become a friendly practice here.
If you cannot read and pass, its your own problem.
Stop hallucinating over a post that doesn't concern you.
It is not ur ''foolishness or childishness''.
Take hold of your emotions and stop taking things too personal. You don't have to take your losses out on me.

How do you know she started loosing again or is it the former losses

If there is one thing I know about him, it is the fact that no amount of stone can make him leave. Even before wapco, he has been receiving stones and also giving his own stones from time to time.
The man has a very strong shield and does not need ur protection.

MayBaker Bonanza loading?

where these is coming from I know,but where it will land I don't know,until I see peter!

DOLLARTEX:
where these is coming from I know,but where it will land I don't know,until I see peter!

It will end well. Na normal week end things. To keep the forum going. TGIF.

DeRuggedProf:
MayBaker Bonanza loading?

currentprice:
yariya see ur life, one can not post freely here anymore. any post u will just jump on it. do you think the person still have the stock?

things like this make here dry this days when one can not make a joke

Good thing he doesn’t have that stock anymore.. I’m happy.. now they can all say whatever fucking thing they want..
Thanks for letting them know indirectly..

You call it joke ? Well maybe that’s how you people are “Rejoicing over other people’s sad situation”..

Who ever is working tirelessly on GTB to make it close in red should continue..

Large Trade:
91.2 million Consolidated Hallmark Insurance shares valued at N25.5million shares traded in 4 deals.

This Nairametrics post is brought to you by I-Invest
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Yayira:


Childishness at its peak.. my losses are peanuts to compare to my wealth.. and FYI I’ve recovered.. sitting pretty nice

On what?

swilo:


How do you know she started loosing again or is it the former losses

Where is that English man sef

Agbalowomeri:


Aproko who call you for the matter kwa

Thank you.. But know I’ll still do the same for you and them.. things like that don’t sit right with me.. THIS IS WHO I AM

Mpeace:
It will end well. Na normal week end things. To keep the forum going. TGIF.

yeah, Thank God is Friday.

Yes. Yes. Assistant Police is here, who and who dey fight?
Detective deepsuk your work don reach ground o.
Classmate, e don do ehn. The man you are all talking about dont even send anyone. He's too much for any stone. Make we just dey take everything lightly and be learning from past mistakes instead. It is well.

Yayira:




That the outcome of an investment is not what someone had envisaged should not be a thing of laughter.. it can happen to anyone of us.

This foolishness got to stop.
This childish behavior have got to stop.
Are you guys witches ? Or what ?
How come you don’t feel sorry for what that person is going through ?
Before NSE, you’re humans ok ?

You spineless man that joked when I sold my Zenith at ₦25 only for it to move up same day. Loco wrote and laughed about it, so did you. We all laughed over it including me, no hard feelings then.

You need to deal with your selective amnesia because it's becoming unbearable!

You are truly the one that needs growing up! I have always thought that hormonal imbalance is your only problem but am getting the vibes that it far supercedes that.

Agbalowomeri:


Where is that English man sef

. MIA