lancee:
Did know what happened to those stocks

Mcy56:

Could be a possibility.
You know UPDC has some assets in choice areas like VI, etc. They must have looked beyond her present state I think.

Mcy56:
Access responding to interim div.
Zee and UBA: Seems village pple is still on their case.
After checking Fcmb Q2 result and the YE forecast, I think the coy looks cheap at current price to me.
So also Fidelity.......some village pple investors are still on her case too.
I may be very wrong though.

**This is just observation. Not any form of buy/sell advice.

meine:
Very sound perspective, i know the guys at custodian they are some of the best managers around. They wouldnt have bought UPDC without a good reason. I also think UPDC will continue to operate as a stand alone for now.

nna777:
I think Access is responding to a fantastic HY result. They almost made #100B (#96B higher) in earnings despite the virus against HY 2019. Much higher than GT and Zenith It shouldn't be trading @7.

dipoolowoo:
UPDC, Zenith Bank, LASACO Shares Witness Heavy Transactions
https://businesspost.ng/economy/updc-zenith-bank-lasaco-shares-witness-heavy-transactions/

OBAGADAFFI:


Yes I believe, those assets are the reasons they are investing in UPDC.

Mcy56:

LASACO has been witnessing large transactions since markdown, even today as well.
One of the cheapest insurance coy in my opinion. Near future should rightly place the fair price.

** Just Mcy's opinion. I may be very wrong. DD applies.

TLAX:
Possibly, investors are repositioning ahead of the planned capital raise. The CEO has guided that there will be a private placement/rights issue to meet NAICOMs deadline. Lagos State Government remains the highest shareholder.

Mcy56:

......and Lagos State will most likely pump money into the coy.
Naicom's deadline is 2021.......don't know the month yet......but it seems it's September or something.
Guess some insiders are already positioning now. The transactions were huge these few days.

TLAX:
Yes. First deadline is December 31, 2020. They have to come up with half of the capital by then and the balance by September 30, 2021.

TLAX:
http://www.nse.com.ng/Financial_NewsDocs/31374_U_A_C_N__OF_NIGERIA_PLC.-AM_AND_P_ADVISORY_SERVICES_AC.pdf

Mcy56:

That's great!
Wasn't expected to perform that much but I think she disappointed quite a lot of us.

aremso:


if Fire will give me gtb @19, Zenith 12.5, uba.5.5, and access 5.5 abeg make the fire continue to burn oo

Penboy:


Access at 5.5?

You go wait tired o boss

kaynett:
Good afternoon all.

Please has any one made any successful trade with Investnow (web/mobile app)?

TLAX:


Very likely. They already own over N9 billion of investment properties as at last year end and this made up about 7% of their total assets. The 51% of UPDC they bought will almost double that figure "notionally" by end of 2020.

sellydion:
Good morning all,
Please can anyone say the dates when Zee and GT interim dividends are to be paid?

nna777:
I want to believe you are talking in terms of the drop in EPS. It was expected. Access was on the news sometimes this year for 2 issues it had.

Access is getting it right. By the time those who are waiting for it to be right enter, it will be trading in double digits as standard price.

OBAGADAFFI:


Wow, that is huge.

I know Custodian will manege UPDC well

I have been quietly loading UPDC is i haerd that news.

Coolcash1:
https://finance.yahoo.com/news/japanese-billionaire-regrets-losing-41-043921392.html

RabbiDoracle:
Looking at my charts: Brent has entered into a bearish vortex.

There is a high possibility of Brent going below $20. If it goes towards the March low of 16, then all oil producing countries will battle with revenue issues, currency crisis, social instability.

Something should cause Brent to spike and rise rapidly after touching the low. Is it a war? Who are the parties in the war? I don't know. But if oil falls low again, a catalyst will force it to rise very fast.

Wait for Bitcoin at 3,200 those who do cryptos.

Heishere:


So it is better to buy UPDC than Custodian?

nna777:


I think Access is responding to a fantastic HY result. They almost made #100B (#96B higher) in earnings despite the virus against HY 2019. Much higher than GT and Zenith It shouldn't be trading @7.

OBAGADAFFI:


Lol, I'm trading my plan o.


Plan your trade and trade your plan.

Coolcash1:
https://finance.yahoo.com/news/japanese-billionaire-regrets-losing-41-043921392.html

onegentleguy:


Good one dear !!
Hello people, meet a fellow who understands the fine lines in a financial print.
...someone who knows that ACCESS is better off than UBA at the moment. H1 result clearly defines those fine lines.

Which was one the reasons I advised for a higher portfolio weighting in ACCESS ahead of UBA. ...a 70/30% or 65/35% funding allocation given the likelihood of a higher return in the former ahead of the latter.
And some dumb a** who can't even interpret an INCOME STATEMENT, which by the way is the most simple part of a company's financial print, was busy arguing "with common sense".

There is nothing some of us will not see on this street.

It is well.

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

Mcy56:

Not really about the EPS but about the coy's buy-buy in recent times, as well as the diamond acquisition.
Access tried with the interim dividend.....wonder where banks get such kind of monies........acquired other coy's and still made that kind of profit.
It's well.