Mpeace:
fcmb took me from 1.68 to km 2. I never knew it would go further. But no regrets.

Mcy56:
@Zagee did you see 590k+ of Seplat moved with 236M @N400?
Told you they don't need me and you.

No vex say I mention you ooo, it's because you're the only one that identified with the stock here around the time I mentioned it.......oh! .....and Coolcash1 too.

onegentleguy:


GTB already captured a day high of N26.90.
That part in bold.
...it's alright !!

#maybethecbnrelaxedpoliciesincluding$sales
#ourlocalhniandforeignbrothers
#alittlemorefreedomtoalignwithqualitynames

Zagee:
Hmmm, I dey suspect you

onegentleguy:

I suspect say na @ Bigjay1, coolcash and Jejababa dem hand work.
...maybe they have decided to unleash the cash in their mattress !!

It is well.

meine:
For traders planning to enter the market right now, it will be advisable to wait for pullbacks that may happen after payment of interim dividends by UGAZ before entering.

For long termers Zenith, Access and UBA are still cheap,my price limit for buying Zenith is N23.
Wapco is getting ready for some serious movement, 3rd quarter result will assure doubting thomases of Wapco's full recovery.
The new CBN policy that led to a meagre bank deposit rate of 1.35% will definitely bring some liquidity to the market. The good times seems to be here or not far away.

onegentleguy:


Because based on the Nos in their current financial print, one is clearly ahead of the other.
Compare Nos in their statement of CF and BS.

In view of their just released H1, 2020 report, what would u do if u hold 1M unit of UBA and about 370,000 unit of ACCESS BANK? ...someone asked me ealier today.

I asked him; Which is greater btw a possible N170,000+ return and a N250,000+ return(ROI)? ...he said the latter.
And I said; then I would seek to swap my holding in both coys.(1M unit in ACCESS and 370,000 in UBA)

The reason I wouldn't sell off all stakes in UBA to buy ACCESS is because an investor can also derive a premium above the difference in div cashflow(including WHT) of N92,500(i.e 342,000-250,000 btw gong all in on access and buying 1m unit) from cap appreciation holding some UBA over the same timeframe.

Dude later informed me he managed a successful swap in UBA for ACCESS. ...he did the swap @ same N6.5 price peg.
I simply congratulated him !!
We'll see if it was the right portfolio rebalancing move.

Note that the + sign above is because of the consideration for a possible cap appreciation.

For near same reason and more, it would be miles better to swap a certain WAPCO ahead of both BUA and DANGOTE CEMENT looking ahead into the end of the yr.
...I'd say the time to do that is now !!
And a swap btw WEMA and JAIZ/UNITY BANK? ...absolutely !!
What about a swap btw ZENITH and GTB or a swap btw ACCESS and ZENITH/GTB?
...well, that would depend on a few other factors, part of which is your risk appetite and investment horizon.

NOTE: This isn't just about potential cash flow from dividends alone. ...added to that is the consideration of the degree of possible cap/price appreciation in view of their recent financial reports.

Selah

onegentleguy:


Because based on the Nos in their current financial print, one is clearly ahead of the other.
Compare Nos in their statement of CF and BS.

In view of their just released H1, 2020 report, what would u do if u hold 1M unit of UBA and about 370,000 unit of ACCESS BANK? ...someone asked me ealier today.

I asked him; Which is greater btw a possible N170,000+ return and a N250,000+ return(ROI)? ...he said the latter.
And I said; then I would seek to swap my holding in both coys.(1M unit in ACCESS and 370,000 in UBA)

The reason I wouldn't sell off all stakes in UBA to buy ACCESS is because an investor can also derive a premium above the difference in div cashflow(including WHT) of N92,500(i.e 342,000-250,000 btw gong all in on access and buying 1m unit) from cap appreciation holding some UBA over the same timeframe.

Dude later informed me he managed a successful swap in UBA for ACCESS. ...he did the swap @ same N6.5 price peg.
I simply congratulated him !!
We'll see if it was the right portfolio rebalancing move.

Note that the + sign above is because of the consideration for a possible cap appreciation.

For near same reason and more, it would be miles better to swap a certain WAPCO ahead of both BUA and DANGOTE CEMENT looking ahead into the end of the yr.
...I'd say the time to do that is now !!
And a swap btw WEMA and JAIZ/UNITY BANK? ...absolutely !!
What about a swap btw ZENITH and GTB or a swap btw ACCESS and ZENITH/GTB?
...well, that would depend on a few other factors, part of which is your risk appetite and investment horizon.

NOTE: This isn't just about potential cash flow from dividends alone. ...added to that is the consideration of the degree of possible cap/price appreciation in view of their recent financial reports.

Selah

meine:
For traders planning to enter the market right now, it will be advisable to wait for pullbacks that may happen after payment of interim dividends by UGAZ before entering.

For long termers Zenith, Access and UBA are still cheap,my price limit for buying Zenith is N23.
Wapco is getting ready for some serious movement, 3rd quarter result will assure doubting thomases of Wapco's full recovery.
The new CBN policy that led to a meagre bank deposit rate of 1.35% will definitely bring some liquidity to the market. The good times seems to be here or not far away.

onegentleguy:
.

Dude later informed me he managed a successful swap in UBA for ACCESS. ...he did the swap @ same N6.5 price peg.
I simply congratulated him !!
We'll see if it was the right portfolio rebalancing move.

Selah

ukay2:


What of your price limits for buying ACCESS & UBA?

meine:


I just saw this and decided to Chip in. This suggestion of swapping UBA for ACCESS does not seem to make investment sense taking into consideration that you will spend almost 3% on transaction charges when the transaction is completed.

That's not even considering the fact that UBA may pay a higher dividend than ACCESS by full year. If you have premised your argument on a potential higher price or dividend payout by ACCESS this may make sense.

meine:

I won't pay more than N9 for UBA and N7 for Access Bank.

onegentleguy:

Note that the + sign above is because of the consideration for a possible cap appreciation.

For near same reason and more, it would be miles better to swap a certain WAPCO ahead of both BUA and DANGOTE CEMENT looking ahead into the end of the yr.
...I'd say the time to do that is now !!
And a swap btw WEMA and JAIZ/UNITY BANK? ...absolutely !!
What about a swap btw ZENITH and GTB or a swap btw ACCESS and ZENITH/GTB?
...well, that would depend on a few other factors, part of which is your risk appetite and investment horizon.

NOTE: This isn't just about potential cash flow from dividends alone. ...added to that is the consideration of the degree of possible cap/price appreciation in view of their recent financial reports.

Selah

meine:


I just saw this and decided to Chip in. This suggestion of swapping UBA for ACCESS does not seem to make investment sense taking into consideration that you will spend almost 3% on transaction charges when the transaction is completed.

That's not even considering the fact that UBA may pay a higher dividend than ACCESS by full year. If you have premised your argument on a potential higher price or dividend payout by ACCESS this may make sense.

ukay2:


Thank you Sir.

I will not swap UBA for ACCESS....UBA will be better than ACCESS in final year Dividend Declaration by Match.

But ACCESS may marginal better price appreciation than UBA......

ukay2:


Exactly what I said earlier.

UBA is more mature compared to ACCESS in terms of Dividend payments and Co-operate Governance

onegentleguy:

Hey meine, did u actually read the part in bold from the post u quoted before replying to it?
...or would u require an interpreter to demystify that part for u?

onegentleguy:


My Pleasure Sir !!

There are 2 items to make of that post, If understood it well.
1) The swap/portfolio rebalancing is determined by the near term reward(possible cash flow from div and cap appreciation) and the quality of the assets under consideration(comparison of current fundamental stand in view)

2) Ur risk appetite and investment horizon.

Perhaps u forgot that the said guy can also decide to go back to his previous portfolio allocation weighting on the 2 coys before that YE benefit after making some gains.
He is not there to hold either coys forever. ...the sole aim is just to increase his chances of an ACTUAL RETURN from his EXPECTED RETURN while making the best use of time.(time value for money in view)
Note the use of the phrase; "increase his chances"

Again, note how he did not liquidate his entire holding in UBA. He merely increased the weighting in the other(ACCESS). ...for a good reason though.

Anyway, ur resolve is also not bad.

I wish u well in ur endeavour.

Regards

meine:
Okay you did mention price appreciation later in your post which is quite speculative, it may happen and it may not happen. However the quoted portion of your analogy seems to suggest dividend payment as the reason for the swap which I repeat does not make investment sense.

Should he exit UBA to buy ACCESS Bank because he wants to earn 3% dividend while your total transaction fees will amount to 3%. My brother you didnt think that aspect through.

Also, It doesn't make sense to exit UBA for Access right now based on the efficiency factor. Access seems to be the opposite of GTB in terms of efficiency. Meanwhile I will still go for Zenith at current price instead of the 2 banks under debate.

onegentleguy:

Not sure if u truly understood the essence of that post u quoted.
Read the post above and try to reason through that part in bold

onegentleguy:



That's why its imperative to read through and assimilate in totality, the content of a post before rushing to draw up conclusions.
...common sense means that u should ask questions or tweak ur post at such, if the context of a post appears unclear, but not draw up non-existent inference.

On that word in bold, have u also considered that there's also a possibility that even UBA may declare less of a dividend by 2020 YE than that of previous yr guidance?
Perhaps u should tell us if u were aware that UBA would pay less than the 20k interim of 2019 after its superb Q1, 2020 report? ...or maybe that ACCESS will maintain its interim from previous yr after its Q1 report.
Or maybe u should tell us(backing it with financial Nos) if UBA is currently better than ACCESS in view of their just released H1 report.

Pls always strive to understand the context of a post 1st... from there, u might now begin to better apply common sense with assigning the 2nd part of ur post in bold.

Not sure if u truly understood the essence of that post u quoted.
Read the post above and try to reason through that part in bold.
But if u still don't get it, then am sorry, I can not help u.
...just ride on with whatever u believe in dear.

Regards

meine:
You obviously take yourself too serious, regurgitating the same point over and over again. I say again that the analogy you made with UBA and ACCESS was myopic and erroneous at best. It's very naive of you to advise an investor to take such action. If Access was selling cheaper at say N5 than UBA at say N7 that would make perfect sense.

And If your argument was only based on price appreciation which is a purely speculative venture,I am sure about 7 words would have explained your point clearly ,it's not by writing a complete textbook on such a simple matter.

Also if comprehension is one of your challenges my brother there is nothing I can do about it, I have explained myself the best way I can. The issue is with the analogy you made nothing more. That analogy doesn't make commonsense. I am not so jobless to be rereading what doesn't make sense.

onegentleguy:


I already gave u enough time.
Have other fishes to fry my dear !!
Do take care of u.

onegentleguy:


My Pleasure Sir !!

There are 2 items to make of that post, If understood it well.
1) The swap/portfolio rebalancing is determined by the near term reward(possible cash flow from div and cap appreciation) and the quality of the assets under consideration(comparison of current fundamental stand in view)

2) Ur risk appetite and investment horizon.

Perhaps u forgot that the said guy can also decide to go back to his previous portfolio allocation weighting on the 2 coys before that YE benefit after making some gains.
He is not there to hold either coys forever. ...the sole aim is just to increase his chances of an ACTUAL RETURN from his EXPECTED RETURN while making the best use of time.(time value for money in view)
Note the use of the phrase; "increase his chances"

Again, note how he did not liquidate his entire holding in UBA. He merely increased the weighting in the other(ACCESS). ...for a good reason though.

Anyway, ur resolve is also not bad.

I wish u well in ur endeavour.

Regards

bigjay01:


I am inclined to go the other way (Access ==> UBA). I haven't seen the effects of the hyped acquisition of Diamond Bank by Access. Large turnover (revenue) without a commensurate accretion to the bottom line.

Intendy:
Stocks with new 52 week lows

Custodian & allied #4.75k

The initiates plc #0.57k

meine:
I am heavily invested in both ACCESS and UBA and I wasnt expecting a great result from the UGAZ at this time because COVID is a leveler for every company. However ACCESS the biggest bank in Nigeria by customer base need to up its game and take serious mentorship from GTB.

How can you grow Earnings by a whooping 20% from 324billion in 2019 to 396billion in 2020 yet your EPS dropped by 9% from 1.90 to 1.73?