aremso:
Gurus, is access good to buy now?

this guy love Access, he knows Access is fundamentally cheap, his target/timing to enter mkt was so on point but double mind/FBNH consideration and bonanza talk make him missed ACCESS at N7

now asking if Access is good buy @ 8.15

currentprice:
which Access side again? though not approved yet by the shareholders of both company but for Access to agree with this, they must have seen worth of diamond to be greater than what we layman seeing.

Thanks. They sure know what they are doing. All those accumulation must have taken care of some things.
bought to sell back at higher price. A good one anyway.
CP congrats on your Access too.

This IBB guy I've not been seeing his posts here, just to appear from ghost-land and started insulting.
Should people not talk again when news and reports were in the negative? If we can talk about positive news, we can also discuss negative, doesnt mean anyone is wishing someone bad. If any other news comes out tomorrow, we go still discuss am.
Shareholders are yet to approve.

This one our teachers seem divided on diamond bank; are we advised to keep it or sell it at this time because I can't understand what we are saying anymore. I have lost money to FO and skyebank already this quarter so I just need professional advice on this Diamond bank issue. I don't have much sha; just 25000 units.
Agba, Prof, Currentprice and Yayira; please, don't let them send me back to the village with bald head o; I already had too many haircuts this year already.

Mcy56:
This IBB guy I've not been seen his post here, just to appear from ghost-land and started insulting.
Should people not talk again when news and reports were in the negative? If we can talk about positive news, we can also discuss negative, doesnt mean anyone is wishing someone bad. If any other news comes out tomorrow, we go still discuss am.
Shareholders are yet to approve.

I was already typing but I realized it is easier to ignore. From the onset, no one came here to compete..!!

A senior man is a senior man..

swilo:
I was already typing but I realized it is easier to ignore. From the onset, no one came here to compete..!!
A senior man is a senior man..

The movie is interesting. It's after the news came out that he started making mouth, so also that 735, wouldn't be surprised if it's same person.
Had the news not been favourable, you wouldnt hear a word from them.
At least, we were able to reach a level of certainty with the news, anyone that wants to go in would know what he's buying.
By the time it rallies for few days, it will become surplus. Na win win e go be las las for those in the bus and those that will buy thereafter.

DeRuggedProf:
So Yayira still went ahead with her threat. I am off to BBM's house....
Both have gone silent o!

BullBearMkt:

BBM, you want us to bid for Yayira?

GOOD NEWS TO INVESTORS IN THE HOUSE.
US MARKET IS CRASHING...$ 27 billion pulled out of US market in the week preceeding Dec 12... The money is on the way to Africa... NSE SHOULD RCV FOREIGN RAIDERS CASH FLOW SOON.


https://www.businessinsider.com/stock-market-crash-evidence-mounting-that-investors-are-expecting-one-2018-12?IR=T

DeRuggedProf:


BBM, you want us to bid for Yayira?

...mba o Prof!

Mcy56:

The movie is interesting. It's after the news came out that he started making mouth, so also that 735, wouldn't be surprised if it's same person.
Had the news not been favourable, you wouldnt hear a word from them.
At least, we were able to reach a level of certainty with the news, anyone that wants to go in would know what he's buying.
By the time it rallies for few days, it will become surplus. Na win win e go be las las for those in the bus and those that will buy thereafter.

I honestly do not want to comment on this issue, but I will, freedom to flog a dead horse....
This is between you and me.

QUESTIONS:
1. Were Diamond shares a good investment case?
2. If the Dozie's had a good and strong company, would they have 'sold' it?
3. Was there a fundamental or Technical basis (NOT INSIDER INFO) for buying this stock and keeping it beyond N1.09?
4. Was there any reason to doubt Wigwe and Ozoma when they clarified that they are not in talks with any financial institution concerning a Merger?
5. Is there a reason to now believe Wigwe that cutting back on dividend as he promided a value accruing plan for ACCESS minority shareholders?
6. what was the reason for the firm denials?
7. Are we not sure Access bank used insiders to reduce the amount of shares they will be paying for?
8. Is it a wise decision to buy a company where the board is fighting dirty and openly and even major shareholders are in confusion?
9. Is it a merger that took STANBIC share price to where it is?
10. Should Dozie be proud of selling @ N3?
Etc etc etc.

I have always stated that BBM/FXUSER/CP etc etc can even board a sinking ship as expert swimmers, but I feel we have to get their level of experience before we will mistake our luck for expertise and land at the bottom of an ocean one day, turn around and find out they arrived safely at their destination...
We have experts now without any tools of trade, just because the waves delivered them safely to shore.....
No one is competing here with another except against the market and insiders.....
Our TA/FA guys always try their best to read the mind of the market for us.
Kudos to you ALL.

Godlylifeoneart:
GOOD NEWS TO INVESTORS IN THE HOUSE.
US MARKET IS CRASHING...$ 27 billion pulled out of US market in the week preceeding Dec 12... The money is on the way to Africa... NSE SHOULD RCV FOREIGN RAIDERS CASH FLOW SOON.


https://www.businessinsider.com/stock-market-crash-evidence-mounting-that-investors-are-expecting-one-2018-12?IR=T

Mcy56:
On diemond, while waiting to hear from Access' side too, I tried to check the price should diamond's story be true:

It will be 2.29k (7units) to equate 2units of Access (using 8Naira).....if I'm right.
The question is, can it get to that price? I seriously doubt this, when Fidelity is struggling with 1.90, Fcmb 1.60.
Can someone just look at it objectively too.

Caveat: This is not about anyone whatsoever; not an encouragement, neither is it about giving hope nor discouraging anyone. It is viewed strictly as stock on NSE. I no fit shout.

ACCESS released a similar notice to that released by DIAMOND.
...I want to believe it was also posted on the NSE official site.

Cheers.

Given the proposed merger between ACCESS and DIAMOND, it makes some sense to run an in-depth but cursory review and analysis to find out who amongst the shareholders of the 2 are up for a better deal from it all.
Put differently, where would be best for u to align with on the back of this merger?

"According to the report from both banks, the proposed merger would involve Access Bank acquiring the entire issued share capital of Diamond Bank in exchange for a combination of cash and shares in Access Bank via a Scheme of Merger.
Based on the agreement reached by the boards of the two financial institutions, Diamond Bank shareholders will receive a consideration of N3.13 per share, comprising of N1.00 per share in cash and the allotment of two(2) New Access Bank ordinary shares for every seven(7) Diamond Bank ordinary shares held as at the implementation date."

...a quick math:

On the DIAMOND side of the curve;

Today's closure price- N1.04. ...hence MoS gap from proposed merger price = 3.13-1.04 = N2.09.
Consideration price = N3.13
Cash allotment = N1
Hence allotment figure = Price consideration discounting for cash = 3.13-1 = N2.13.
Allotment ratio fulfilling implementation date- 7:2 (7 diamond for 2 access)
This means that post cash allotment, an investor's N14.91(7×2.13) worth in DIAMOND is EXPECTED to be equivalent to a N16.30(2×8.15) worth of ACCESS (assuming today's closing price of N8.15).
But DIAMOND's current price is N1.04. ...and so with reference to this allotment, an investor's N7.28(7×1.04) in DIAMOND should complement a N16.30(2×8.15) value in ACCESS.
...the interpretation of this is that an Investor/trader who managed to KEY in at the pre implementation date should at the very least be entitled to a stake of 2 units of ACCESS BANK for just N7.28. ...or per equity stake(1 unit) for only N3.64 !!
Which presents the plausibility of an already 114% ROI given ACCESS BANK'S closing price of N8.15 today.
Even if the price of DIAMOND should appreciate to the allotment figure price of N2.13, there would still be an over 9% MoS discount[(16.30-14.91)/14.91] from the current price of ACCESS. ...and we have not even factored in the N1 cash figure.
Add that up, and the chance of any possible return can only increase. (a likely 180-210% ROI).

On the ACCESS side of the curve;

We need to look at things in reverse view.
If a shareholder who keyed into DIAMOND pre implementation date can(given the above computation) get an equity stake of ACCESS BANK with just N3.64, it makes sense to assume in part(given access' current market price of N8.15) that value accretion is less here.
The best case scenerio would be to run an estimate in line with the fair value of ACCESS BANK, and do a repeat computation to see where there would likely be more 'gap' to tap from with regards to value.
At my FV estimate of N15.50 for ACCESS and using a Mix of valuation model to weigh in on the best price post merger (after dilution), ACCESS' best price would come in at slightly higher than today's closing price. (N9.40 to be precise)
Note that 'best price' in this instance refers to what I believe an equity stake of ACCESS should come to as an equivalent to DIAMOND and not necessarily the fair value of ACCESS.

Conclusion:
It makes sense to believe that the chances of reaping higher gains is more with DIAMOND than ACCESS.
...and so UNLESS THERE IS MORE TO THIS MERGER THAN WE ALREADY KNOW, the shareholders of DIAMOND has got themselves a better deal ahead of ACCESS.
So in the short term, I see a much better derivable value in DIAMOND than ACCESS. That said, there's also a high possibility of a great value with the latter in the long term, should this drive be effectively managed.

My advise:
If I were an Investor with positions in both coys, I would look to book my profit from DIAMOND within the N2-2.09 price band and no more than N9.40 in ACCESS. This should also serve to guide ur target entries if u wish to KEY in. (read between the lines from the estimates above)
...but that's just me.

NOTE: The sole aim of this run down is to look in on which among the 2 coys offers the possibility of a better baigain in terms of price appreciation.

DISCLAIMER: This analysis is purely information driven. ...and NOT a reference to any sought of recommendation !!
Due diligence should still remain ur 1st priority.

onegentleguy:


Conclusion:
It makes sense to believe that the chances of reaping higher gains is more with DIAMOND than ACCESS.
...and so UNLESS THERE IS MORE TO THIS MERGER THAN WE ALREADY KNOW, the shareholders of DIAMOND has got themselves a better deal ahead of ACCESS.
So in the short term, I see a much better derivable value in DIAMOND than ACCESS. That said, there's also a high possibility of a great value with the latter in the long term, should this drive be effectively managed.

My advise:
If I were an Investor with positions in both coys, I would look to book my profit from DIAMOND within the N2-2.09 price band and no more than N9.40 in ACCESS. This should also serve to guide ur target entries if u wish to KEY in. (read between the lines from the estimates above)
...but that's just me.

NOTE: The sole concern of this run down is to look in on which among the 2 coys offers the possibility of a better baigain in terms of price appreciation.

DISCLAIMER: This analysis is purely information driven. ...and NOT a reference to any sought of recommendation !!
Due diligence should still remain ur 1st priority.

Let me fetch my glasses, I will be back....
My first impression was that ACCESS bank shareholders were cheated by MR MARKET.
The prodigal child rewarded!
Prodigality pays.....
Access shareholders don buy Dbank shares behind closed doors, Wigwe will be wishing anity bank was not a den of the cabals...

At least make some people chop their own 200% for Diamond

Hello house, please was diamond bank on full bid today? Thanks in advance

Agbalowomeri:
At least make some people chop their own 200% for Diamond

200% na greed! 100% will do

BullBearMkt:

200% na greed! 100% will do

Eku 200% & 100% oo
All I’m waiting for is access bank cargo ship to come and export me and my property from diamond to Access.. at least over there I get hope for dividend too.. let them finalize quick so I’ll know when to start packing up my stuff..

This aggressive acquisition of other banks in an attempt to be the largest bank in Africa is not sustainable. One should ideally be scared of companies that tend to expand aggressively.... Access is equally opening branches in other African countries. I hope the long term prospect will be good for investors.
The big (whale) keeps swallowing


https://www.bloomberg.com/news/articles/2018-11-28/nigeria-s-access-bank-to-repay-400-million-bond-two-years-early

DeRuggedProf:
This is between you and me. ......
No one is competing here with another except against the market and insiders.....
Our TA/FA guys always try their best to read the mind of the market for us. Kudos to you ALL.

Mpeace please come to my rescue, my comments on DBN has landed me in serious exam kwesions even though I don't have a single unit of it.

Prof those points are valid and are of major concern.... .. but you know very well that lots of things are going on behind doors that are not visible to ordinary eyes.The bolded is what some people should know. May God help us!

A lot of people here now have EGG on their face believing that Diamond did not have any reasonable value left.

Access is a tight fisted negotiator; for the terms to.be this appealing for Diamond investors' is a reflection that Diamond Bank is a gem with a wrong leader at the helm who is now on his way out.

onegentleguy:
...a quick math:
On the DIAMOND side of the curve; Today's closure price- N1.04. ...hence MoS gap from proposed merger price = 3.13-1.04 = N2.09.
Hence allotment figure = Price consideration discounting for cash = 3.13-1 = N2.13.

On the ACCESS side of the curve; (N9.40 to be precise) Note that 'best price' in this instance refers to what I believe an equity stake of ACCESS should come to as an equivalent to DIAMOND and not necessarily the fair value of ACCESS.

Conclusion: ...and so UNLESS THERE IS MORE TO THIS MERGER THAN WE ALREADY KNOW, the shareholders of DIAMOND has got themselves a better deal ahead of ACCESS.. .

Thanks for this analysis. For diamond, think it was 87k being considered not 1.04, invariably the price is slightly higher than N2.09
However, the bolded seems to be the real bone of contention, there's more to it than meets the eye.
In all, they should allow retail investors to eat small, we the jijoist are on the queue too.
From the bank's staff perspective, it is not looking good at all. Jobs are on the line here.

BullBearMkt:
...mba o Prof!

My boss you are falling hands na. The challenge that you should take up
I'm sure it's those big big grammars you are avoiding but I know your negotiation skills is incomparable, by the time you bring out your charts and candles, Prof will soft-pedal.

Maybe CBN should ban formation of banks largely owned by families. Diamond went the way of Oceanic.

Corporate Action:

Skyway Aviation Handling Company Plc has obtained the approval of the Securities and Exchange Commission (SEC) to extend the Offer period of its Initial Public Offering by way of an Offer for Sale of 406,074,000 ordinary shares of 50 kobo each at N4.65 per share by twelve (12) working days. With this approval, the Offer initially scheduled to close on Wednesday, 19 December 2018 will now close on Wednesday, 09 January 2019.

visit www.nairametrics.com for more news.

Dem no buy

Mcy56:

My boss you are falling hands na. The challenge that you should take up
I'm sure it's those big big grammars you are avoiding but I know your negotiation skills is incomparable, by the time you bring out your charts and candles, Prof will soft-pedal.

The guilty are powerless, even when negotiating from a position of strength...

Infinitisi:
Corporate Action:

Skyway Aviation Handling Company Plc has obtained the approval of the Securities and Exchange Commission (SEC) to extend the Offer period of its Initial Public Offering by way of an Offer for Sale of 406,074,000 ordinary shares of 50 kobo each at N4.65 per share by twelve (12) working days. With this approval, the Offer initially scheduled to close on Wednesday, 19 December 2018 will now close on Wednesday, 09 January 2019.

visit www.nairametrics.com for more news.

Dem no buy

Lol....
Who go buy plot that need huge sand filling when the adjacent plot is standing on rocks and selling cheaper, with the owner's pretty daughter giving juicy concessions on top?

Yayira:


Eku 200% & 100% oo
All I’m waiting for is access bank cargo ship to come and export me and my property from diamond to Access.. at least over there I get hope for dividend too.. let them finalize quick so I’ll know when to start packing up my stuff..

Congrats madam..I can see you're already recovering all from your DB initial loss.

^^
Whosoever says she's still in it.

Just passing by.

Mcy56:

Mpeace please come to my rescue, my comments on DBN has landed me in serious exam kwesions even though I don't have a single unit of it.

Prof those points are valid and are of major concern.... .. but you know very well that lots of things are going on behind doors that are not visible to ordinary eyes.The bolded is what some people should know. May God help us!

Lol. Wait, ayam coming.