₦airaland Forum

Chibuking81:
You made a very good point, I also agreed that they deal has gone up to 88%, but remaining 12% should not be write off, they will still get their shareholders approval in their coming general meeting before the deal will be sealed. In Nigeria the more one look, the less he/she see.

We should not rule market manipulators out, before the deal, access bank and their directors seems to have some stake in Diamond bank, and should government revoke diamond bank license like that of Skye bank, it will affect their stake.

They might make the deal look real to buy more time for diamond bank to survive, and bail out to those believing that the deal will go through, and once diamond bank release a little good result in their 2018 final year, they will collapse the deal and Defend Diamond bank price not to go below #1 again.

But if the deal is sealed,
1. what will be your thought towards increase in the number of their existing outstanding share through the right issue, and adding of constructed diamond bank share to the existing share of Access bank?
2. Will it not affect their EPS, and price?
3. Will they still give a reasonable dividend this year?

Agbalowomeri:
Na true o; we don forget sef
E for still pay the guy if he had waited Lol; but to see diamond nosedive to 66kobo no easy o

veecovee:
I was shocked by the performance of sterling and Skye those days

Could wema and fcmb be among the surprises . Do I load more house

Valueinvestor:
wemabank has done tremendously well in the last few quarters, but based on its ROE and P/E it still looks a little expensive, I would rather enter at a little lower price, as for fcmb, I leave that one for the ogas in the house

onegentleguy:
Of course the impact from dilution after inculcating existing DIAMOND bank shareholders should naturally impact ACCESS' EPS, ROE and EM. However, the degree or extent of that impact would largely depend on how well the management of the bank can drive for a better PRIFIT MARGIN going forward.
There'll be a sense of urgency to be far more effective and efficient in driving that line, otherwise ur guess will be as good as mine !!

On the issue of dividend, am of the view that ACCESS may not pay any dividend for FY 2018. But even if they will, I believe that the amount declared will likely come in lower than that of FY 2017. This should be the right thing to do. ...especially when u consider the fact that the bank is also looking to raise 2 trench of funds via rights.

It is however important to note that their FY 2018 dividend declaration will most likely exclude the current DIAMOND bank stakeholders who make it to the sealing of the merger deal. This is because the financial print for FY 2018 will likely be released before the merger deal is sealed.(I expect the managers of access to smartly tour that line)
So if I were a dividend drive investor, I'd look the way of other members of the 'fugaz family' particularly UBA and ZENITH.
I however believe that the possibility of a better ROI drive(via capital appreciation) is more with some of the banks in the tier 2 space. ...I have since highlighted a few of them here.

But then again, this should NOT be infered as any sought of recommendation. ...pls do well to read through my signature below.

Regards.

veecovee:
I was shocked by the performance of sterling and Skye those days

Could wema and fcmb be among the surprises . Do I load more house

veecovee:
Its ok, but some folks sold wema N1.50 last year.

Who knows what will happen if they pay dividend this year ... as being rumoured

Chibuking81:
Fidelity and FCMB will do the wonder but their price need to come down a little, to present a better chance. Any bear present again which will likely take place next/upper week will usher in the wonderful opportunity. Their current price are relatively high. For dividend hunters Zenith, Julius berger, UBA are best.

PETERiCHY:
https://www.nairaland.com/4967180/video-atiku-united-states-america#74863251

The next incoming president that will be a GAME CHANGER for NSE.

So let's keep Atikulating Obidiently.

*ThE OcToPuS*

PETERiCHY:
For those on SMN.

4 mnths into BUBU/JUBRIL go-slow regime.I predicted thats the epitome of what to EXPECT in his 4yrs regime and it's now CRYSTAL CLEAR.

For those of you still praying for the rampamping BULL..

All you need do is simply OBEdiently ATIkulate and watch out for a repeat of 2006/2007 RALLY when the SUDANESE is finally kicked back to his country.

FOREIGN INVESTORS are all on the SIDELINE waiting for the TRIED & TESTED DUO wey SABI.

*ThE OcToPuS*

megamart247:
Is
CADBURY a good buy @ #8:00
TRANSCORP a good buy @#1:00
FCMB a good buy @#1:40
DIAMOND a good buy @70kobo.

My investment horizon is 5-6months.
cc. BBM. FUXER. CP. CHIBUKING and others gurus in the house please help with good recommendations before money go enter bush.

Flattino:
Buhari is busy campaigning all over the states in Nigeria. Broda oloripelebe is busy visiting foreign countries and this one is celebrating and jubilating about it .
Kukuma import Dubai and America citizens to come and vote o
Yèyé

Flattino:
You must be swimming in profit by now

Mpeace:
If bonanza gang had allowed him buy then.

Mpeace:
If bonanza gang had allowed him buy then.

Mpeace:
After falling in Akure yesterday, he surrendered his presidential ambition and handed the flag to Ogboru.
What then is Atiku campaigning for when the opponent has retired.
THIS IS NOT POLITICS SECTION LETS TALK STOCKS.
#runsaway

kolaish:
@PETERiCHY, I know that your political contributions to this forum are in relation to the stock market, but please let us keep political opinion to ourselves for now, because we have so many foreign bodies within us that are presumably members of the Buhari Media Campaign Group (BMC). They are all over nairaland with more than 15 monikers to enforce their political views on anybody critical of their paymaster. You will soon see them coming to attack you. I watched closely the way they attacked @chibuking81 some days ago and coincidentally some genuine members joined in the attack.

Don't let us give them the opportunity to destroy this forum with their political views please. Have a nice day.

Yayira:
Las las those waiting “fully” for bonanza and me that is “partially” waiting will be buying high.
Who send me oo.. Fcmb @ 1.50 I only bought tesere

PETERiCHY:
The difference between the LIFELESS one and LIVELY one is 7UP..

For the benefit of DOUBT, Watch how Mr.MARKET will thunderously welcome ATIKU US visit that will give a figment of what to EXPECT when he's finally SWORN IN come MAY 29th.

*ThE OcToPuS*

kolaish:
@PETERiCHY, I know that your political contributions to this forum are in relation to the stock market, but please let us keep political opinion to ourselves for now, because we have so many foreign bodies within us that are presumably members of the Buhari Media Campaign Group (BMC). They are all over nairaland with more than 15 monikers to enforce their political views on anybody critical of their paymaster. You will soon see them coming to attack you. I watched closely the way they attacked @chibuking81 some days ago and coincidentally some genuine members joined in the attack.

Don't let us give them the opportunity to destroy this forum with their political views please. Have a nice day.

Agbalowomeri:
You sef are not giving a neutral advice
Please make una go vote, here no be poling unit