onegentleguy:


Given the discount of a more than fair enough margin of inherent risk(including a possible deterioration/downside in asset quality from the acquisition of diamond) and at the back of an assumed zero growth in the near term, I have a FV estimate of N11.90.
...and quite frankly, this is me been cautiously optimistic with estimated figures in ACCESS' 2018 FY print.

But then again, the market will have to determine and champion things from here.

NOTE: Just a guide, NOT A RECOMMENDATION.
My advise; Pls follow ur instinct.

Take away those risk factors and fair value should be 25

Mcy56:

Sometimes people will just be running without anything pursuing them. Although, its understandable at times.......... fear of losing money.

Buying high and selling low is also part of the game

Mpeace:
Take away those risk factors and fair value should be 25

Take Eti that acquired oceanic to rate Access bank.

Access bank is still a good stock but let's see how their result will be after merger.

Those that entered yesterday will make some money in the short run.Lets see what the future have for the stock.

Mcy56:

Sometimes people will just be running without anything pursuing them. Although, its understandable at times.......... fear of losing money.

With 2018 experience . I don't have d courage to stand for same mistake oo. Cash is King. In d Ogas voice!!

arduino:
Na wa oh..... DIAMOND I no chop, ACCESS too I don miss. My village people, una well done ooooooo

Sorry. You'll still see other opportunities.
Its because of you and 33 especially that I was posting their newsletters then, so maybe you could re-consider it.
It is what it is now. No need worrying yourself unnecessarily, Access no dey run go anywhere.

Krisuba:
With 2018 experience . I don't have d courage to stand for same mistake oo. Cash is King. In d Ogas voice!!

You have a valid point.

Krisuba:


With 2018 experience . I don't have d courage to stand for same mistake oo. Cash is King. In d Ogas voice!!

Always watch the indices behaviour.This should be the key to your success.Any stock that is undervalued and receives patronage when the indices is down will be the first to rise when theire is a sudden reversal.This has helped me several times in this market.

GOOD EVENING HOUSE , I APPLIED FOR MY E-DIVIDEND PAYMENT FROM VERITAS REGISTERS(ZENITH BANK) TODAY , THE LADY SAID, IT WOULD TAKE 15 WORKING DAYS , MY QUESTION IS ARE:
CAN I SELL MY SHARES NOW ?

IF I DO SELL, WOULD IT AFFECT MY DIVIDENDS ??
THANKS

airamuche:
GOOD EVENING HOUSE , I APPLIED FOR MY E-DIVIDEND PAYMENT FROM VERITAS REGISTERS(ZENITH BANK) TODAY , THE LADY SAID, IT WOULD TAKE 15 WORKING DAYS , MY QUESTION IS ARE:
CAN I SELL MY SHARES NOW ?

IF I DO SELL, WOULD IT AFFECT MY DIVIDENDS ??
THANKS

Hmmm plenty never know 123 in stock market o.

To help small,if you sell now,you will get this year dividend.

There is what is called qualification,mark down and payment dates.Try to study them to know when to buy,sell and hold.

Truely,you have a long way to go and need to consult an advicer.

All these euphoria on top this shakara wey this bull do today. Bull wey no fit move Zenith Bank result then, I wonder wetin go move market now.

Let's watch and see how tomorrow goes be.

We should all be aware of IGG shaaa......

courage89:


Got mine yesterday with Polaris bank

I dont want to do dividend wahala this year o....

http://www.nse.com.ng/Financial_NewsDocs/25343_ACCESS_BANK_PLC._CORPORATE_ACTIONS_MARCH_2019.pdf

http://www.nse.com.ng/Financial_NewsDocs/25286_ACCESS_BANK_PLC._CORPORATE_ACTIONS_MARCH_2019.pdf

The shareholders of Access Bank have been seriously cheated.

onegentleguy:
Unconfirmed report reaching me from some strong source has it that following from the court sanction of the ACCESS-DIAMOND BANK merger today, the shareholders of DIAMOND who hitherto are QUALIFIED for the 7 for 2 equivalent share allotment in the enlarged entity shall also be eligible for the 25k FY 2018 dividend declaration by ACCESS bank.

Again, this lends credence to my several ealier assertions and analysis that the then shareholders of DIAMOND are the biggest winners of this merger.
On the flip side, this will only aid with pushing further up the price of ACCESS as the DIAMOND shareholders who qualify now have something to make them 'wait/hold a bit longer' without selling off their stake in the new enlarged bank(ACCESS) post merger.
...ACCESS closed on massive bid @ N6.50 today.
Like I always said then, Mr DIAMOND wins pre merger, while Mr ACCESS 'resurrects'(to win) post merger.
There is a mutual exclusivity with the terms of the merger.

It is well !!

cc: @Mpeace

http://www.nse.com.ng/Financial_NewsDocs/25342_CADBURY_NIGERIA_PLC._FINANCIAL_STATEMENTS_MARCH_2019.pdf

25kobo dividend

Please house kindly advise me on what to do
I have 2 stockbroking accounts; I use 1 of the accounts to buy my Zenith Bank shares and did an e-dividend mandate on that account but I recently used the 2nd one without a mandate to buy new shares of Zenith because the customer services rep said since I already have an existing mandate I would still get my dividends. She said Veritas already have my name in their register but now I am yet to receive my dividends
Do I need a mandate for the 2nd account with the other broker or is there a way to merge 2 accounts?

Bezzle:
Please house kindly advise me on what to do
I have 2 stockbroking accounts; I use 1 of the accounts to buy my Zenith Bank shares and did an e-dividend mandate on that account but I recently used the 2nd one without a mandate to buy new shares of Zenith because the customer services rep said since I already have an existing mandate I would still get my dividends. She said Veritas already have my name in their register but now I am yet to receive my dividends
Do I need a mandate for the 2nd account with the other broker or is there a way to merge 2 accounts?

Ask the registrar to confirm the total units of shares you have with them....if it tallies with what you have(in both 2 accounts).....then u don't need to mandate the second account....

rebekah2011:
http://www.nse.com.ng/Financial_NewsDocs/25343_ACCESS_BANK_PLC._CORPORATE_ACTIONS_MARCH_2019.pdf

http://www.nse.com.ng/Financial_NewsDocs/25286_ACCESS_BANK_PLC._CORPORATE_ACTIONS_MARCH_2019.pdf

The shareholders of Access Bank have been seriously cheated.

I believe Access Bank is enticing former Diamond Bank shareholders so that they won't embark on massive offloading of shares once listed/converted. They might succeed at the end of the day.

rebekah2011:
http://www.nse.com.ng/Financial_NewsDocs/25286_ACCESS_BANK_PLC._CORPORATE_ACTIONS_MARCH_2019.pdf

The shareholders of Access Bank have been seriously cheated.

Let's not be too carried away with this Access/diamond merger ooooo.

Access is very wise. From my calculation, all they are working towards is the initial 3.13 they promised diamond shareholders, the extra 1naira inclusive.
I may be wrong but here is my calculation:
Price of Access as at today 20/03/2019 = 6.50
Price of Diamond as at cob xtyday = 2.45
6.50 X 2 = 13naira
DMD: 2.45 x 7 = 17.15naira.
Actual unit price of DMD in terms of Access = 13÷7 = 1.86
Now DMD shareholders share conversion = 1.86 + 1 + 0.25 = 3.11 ~ approximately 3.13.

I already said I may be wrong oooo, make Una no too bash me.

mendes911:


I believe Access Bank is enticing former Diamond Bank shareholders so that they won't embark on massive offloading of shares once listed/converted. They might succeed at the end of the day.

They are just being their brothers keeper. When u see a man about to commit suicide give him thick was to keep him going

In all these, Access shareholders stands to gain in the long run....for those who endure the "trial period".
I only pity those who rushed out at loss. Must have been quite many. Access didn't try in that aspect.

Let me come and be going.......

ukay2:


Ask the registrar to confirm the total units of shares you have with them....if it tallies with what you have(in both 2 accounts).....then u don't need to mandate the second account....

Kk will do that.
Thank you very much sir

rebekah2011:
http://www.nse.com.ng/Financial_NewsDocs/25343_ACCESS_BANK_PLC._CORPORATE_ACTIONS_MARCH_2019.pdf

http://www.nse.com.ng/Financial_NewsDocs/25286_ACCESS_BANK_PLC._CORPORATE_ACTIONS_MARCH_2019.pdf

The shareholders of Access Bank have been seriously cheated.

Na you know this one oo.. They don’t feel cheated, infact they gave their full support for the merger.
You saw the announcement last year December does not mean shareholders were told same time ok ? I believe they both diamond and access shareholders knows about this since 2017 if not before... they were not taken aback kk ? Calls must have gone through, emails out, sms, family and friends informed kk ?
Are you not wondering how that blog knew of the merger before we saw it on Nse corporate disclosure?
This people don load diamond wella from people like us wey no get insider.. no pity for dem oo.. abi you no see the percentage wey vote say make the marriage hold ?

Yayira:


Na you know this one oo.. They don’t feel cheated, infact they gave their full support for the merger.
You saw the announcement last year December does not mean shareholders were told same time ok ? I believe they both diamond and access shareholders knows about this since 2017 if not before... they were not taken aback kk ? Calls must have gone through, emails out, sms, family and friends informed kk ?
Are you not wondering how that blog knew of the merger before we saw it on Nse corporate disclosure?
This people don load diamond wella from people like us wey no get insider.. no pity for dem oo.. abi you no see the percentage wey vote say make the marriage hold ?

Most Access Bank shareholders, also loaded Diamond.

valentinenwoko:
The Bureau of Public Enterprises has received financial and technical bids from five firms who are interested in purchasing the 51 percent stakes in Afam Power Plc and Yola Electricity Distribution Company.

According to the Head of Public Communications at the Bureau of Public Enterprises, Amina Othman, the bids were received from the prospective core-investors last week Friday, March 15, 2019, which was also the deadline for submission of bids.

One of the bidders pulled out: However, one of the bidding companies, Sandstream Nigeria, who offered to buy a stake in Yola Electricity Distribution Company, withdrew its bid after the company the company failed to include a bank guarantee in its proposal.
Bua group

“A total of five bids were received by the BPE on Friday, March 15, 2019 – being the deadline for the submission of technical and financial proposals for the acquisition of the Yola Electricity Distribution Company and Afam Electricity Generation Company (Afam Power Plc & Afam Three Fast Power Limited) by prospective core-investors.

“Two firms – Quest Electricity Nigeria Limited and Sandstream Nigeria – submitted proposals to acquire the Yola Disco while DiamondStripes Consortium, Unicorn Power Generation Consortium and Transcorp Power, sought to acquire the Afam Genco.

“Sandstream submission was, however, found to be non-responsive as it failed to include a bank guarantee in line with the requirements in the Requests for Proposal.

“Accordingly, the representative of the firm took the bid back.”

A quick thought on this;
Could it be that the reason TRANSCORP PLC had cut back on its dividend declaration for FY 2018 by a whooping 100% from 6k(in FY 2017) to 3k now, is to have more cashflow to fund project transactions like these?
...maybe, just maybe the current stakeholders in this coy might get back much more dividends via cap appreciation in the short to mid term. Either way, all I know is that this coy shall live to be one of the best performing stocks this year !!
I like the things I see in the coys financial print. ...particularly in the last 3 quarters.

Good times are indeed ahead of us.

CAVEAT: Just a mere thought process. ...NOT a recommendation.

Thank you all for these wonderful info.

Pls from when is the then diamond bank share holders, going to start selling their newly converted access?

God bless ...

Hmmmm! Uba .65k ...

Mcy56:

Sorry. You'll still see other opportunities.
Its because of you and 33 especially that I was posting their newsletters then, so maybe you could re-consider it.
It is what it is now. No need worrying yourself unnecessarily, Access no dey run go anywhere.

Good encourager.�

Thanks Sir Loco , I Be Newbie , I Dey Learn on The Job .

locodemy:



Hmmm plenty never know 123 in stock market o.

To help small,if you sell now,you will get this year dividend.

There is what is called qualification,mark down and payment dates.Try to study them to know when to buy,sell and hold.

Truely,you have a long way to go and need to consult an advicer.

Article you might find useful...

https://www.nairaland.com/5090084/how-pick-stocks-using-moving#76842755

Mcy56:

Sorry. You'll still see other opportunities.
Its because of you and 33 especially that I was posting their newsletters then, so maybe you could re-consider it.
It is what it is now. No need worrying yourself unnecessarily, Access no dey run go anywhere.

Thank U...God bless U and everyone, But the problem i have, just one Green day, everyone remember to type and giv advice..1 red day.SILENT everywhere...

tritritri:



Thank U...God bless U and everyone, But the problem i have, just one Green day, everyone remember to type and giv advice..1 red day.SILENT everywhere...

LOL. One red day, all returns to day job.

http://www.nse.com.ng/Financial_NewsDocs/25343_ACCESS_BANK_PLC._CORPORATE_ACTIONS_MARCH_2019.pdf

How we Diamond shareholders will enter the bank in two weeks time (April 2, 2019) to withdraw the cash payment by Access bank..