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Re: Nigerian Stock Exchange Market Pick Alerts by Mcy56(f): 2:29pm On Sep 07, 2020 |
lancee:Those two, Zee and UBA just falling hands. GTB already price-in the dividend, so the mvmt didn't come as a surprise. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by OBAGADAFFI: 2:29pm On Sep 07, 2020 |
Mcy56: Yes I believe, those assets are the reasons they are investing in UPDC. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by nna777: 2:30pm On Sep 07, 2020 |
Mcy56: 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. 3 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by Mcy56(f): 2:31pm On Sep 07, 2020 |
meine:You're right Sir. I also blvd Custodian won't just go for UPDC without expertise advice. |
Re: Nigerian Stock Exchange Market Pick Alerts by Mcy56(f): 2:38pm On Sep 07, 2020 |
nna777:That's great! Wasn't expected to perform that much but I think she disappointed quite a lot of us. |
Re: Nigerian Stock Exchange Market Pick Alerts by Mcy56(f): 2:47pm On Sep 07, 2020 |
dipoolowoo: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. |
Re: Nigerian Stock Exchange Market Pick Alerts by TLAX: 2:48pm On Sep 07, 2020 |
OBAGADAFFI: 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. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by TLAX: 2:51pm On Sep 07, 2020 |
Mcy56: 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. |
Re: Nigerian Stock Exchange Market Pick Alerts by Mcy56(f): 2:56pm On Sep 07, 2020 |
TLAX:......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. |
Re: Nigerian Stock Exchange Market Pick Alerts by TLAX: 3:03pm On Sep 07, 2020 |
GTB Conference Call Ongoing.... First question on proposed HOLDCo His Answer Holdco preparation going very well and it will go live by Q1 2021. There will be a one for one share exchange i.e. one share in GTBank will be changed for one share in the Holdco. The bank will be split into three - GT Nigeria, GT East Africa and GT West Africa. Also expected on board before HoldCo goes live in Q1 2021 are an asset management company, a PFA and a payment company. Due diligence is currently ongoing on an entity that has asset management and PFA. They will apply for licence for a payment company next week. Dividend Policy Year end dividend policy will remain unchanged. The bank will pay between 60% to 65% of year end profit after tax. 8 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by TLAX: 3:06pm On Sep 07, 2020 |
Mcy56: 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. 1 Like 1 Share |
Re: Nigerian Stock Exchange Market Pick Alerts by Mcy56(f): 3:10pm On Sep 07, 2020 |
TLAX:Okay. Thanks for the info. |
Re: Nigerian Stock Exchange Market Pick Alerts by TLAX: 3:51pm On Sep 07, 2020 |
Re: Nigerian Stock Exchange Market Pick Alerts by OBAGADAFFI: 4:03pm On Sep 07, 2020 |
TLAX: PURCHASE OF SHARES 55,100,000 N5.68 PER UNIT |
Re: Nigerian Stock Exchange Market Pick Alerts by nna777: 4:38pm On Sep 07, 2020 |
Mcy56: 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. This is not a buy recommendation. |
Re: Nigerian Stock Exchange Market Pick Alerts by aremso(m): 4:48pm On Sep 07, 2020 |
Fam, Please what is current total buying and selling charges via Morgan? |
Re: Nigerian Stock Exchange Market Pick Alerts by Penboy: 4:57pm On Sep 07, 2020 |
aremso: Access at 5.5? You go wait tired o boss |
Re: Nigerian Stock Exchange Market Pick Alerts by Coolcash1: 5:05pm On Sep 07, 2020 |
Re: Nigerian Stock Exchange Market Pick Alerts by aremso(m): 5:10pm On Sep 07, 2020 |
Penboy: oga, it has done it before and it can still happen again with crude doing us shege. @Penboy, please bookmark this page |
Re: Nigerian Stock Exchange Market Pick Alerts by phemmie06(m): 6:13pm On Sep 07, 2020 |
kaynett:
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Re: Nigerian Stock Exchange Market Pick Alerts by OBAGADAFFI: 7:25pm On Sep 07, 2020 |
TLAX: Wow, that is huge. I know Custodian will manege UPDC well I have been quietly loading UPDC since i heard that news. |
Re: Nigerian Stock Exchange Market Pick Alerts by Mcy56(f): 7:31pm On Sep 07, 2020 |
sellydion:Zenith : Dividend: 30kobo Qualification Date: Wed Sept 16, 2020 Payment Date: Tue Sept 22, 2020 GTB : Dividend: 30kobo Qualification Date: Tue Sept 15, 2020 Payment Date: Mon Sept 21, 2020 6 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by Mcy56(f): 7:41pm On Sep 07, 2020 |
nna777: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. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by Heishere: 7:57pm On Sep 07, 2020 |
OBAGADAFFI: So it is better to buy UPDC than Custodian? |
Re: Nigerian Stock Exchange Market Pick Alerts by aremso(m): 8:44pm On Sep 07, 2020 |
Re: Nigerian Stock Exchange Market Pick Alerts by veecovee: 8:50pm On Sep 07, 2020 |
RabbiDoracle: ... you have switched to bear info. I suspect you're now on cash 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by OBAGADAFFI: 9:23pm On Sep 07, 2020 |
Heishere: Lol, I'm trading my plan o. Plan your trade and trade your plan. |
Re: Nigerian Stock Exchange Market Pick Alerts by onegentleguy: 9:26pm On Sep 07, 2020 |
nna777: 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 defined those fine lines. Which was one of 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. 3 Likes 1 Share |
Re: Nigerian Stock Exchange Market Pick Alerts by Heishere: 9:44pm On Sep 07, 2020 |
OBAGADAFFI: No be like that na. Sometimes our trade na another person plan. Wetin you see wey I no see? 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by meine: 9:46pm On Sep 07, 2020 |
Coolcash1:The guy is known to pull stunts though, if the losses are real then village People have caught up with him. |
Re: Nigerian Stock Exchange Market Pick Alerts by Heishere: 9:47pm On Sep 07, 2020 |
onegentleguy: Boss your advice is a good one. But when I calculated the fees involved I decided not to dash my broker that money. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by onegentleguy: 9:59pm On Sep 07, 2020 |
onegentleguy: Mcy56: Another wise fellow. After all the acquisitions(including the recent expansion to increase their African footprint) and the setbacks which naturally affected their NIM(lower interest income in view), the bank(access) still made that much NPM and dolled out that much cash(div declaration). ...this was at the back of a not-too-good Q1, 2020 report oo. Contrarily, UBA after delivering a fantastic result in Q1, decided to prioritize their expense line in Q2 ahead of working for the common good of the shareholders. ...which also bore the lower cash declaration. Moving from a great Q1(the best performing amongst the 1st tier banking coys then) to the worst performing in Q2(also among the 1st tiers) is a red-flag. Its also the only 1st tier bank that declared less of a dividend(interim) than previous yr guidance. While it(UBA) remains undervalued @ the current mkt price(see my past guidance), there are genuine reasons to want to hold a little more of ACCESS than it. It's not just about whether the latter might distribute more div to holders by YE 2020. ...a shrewd investor looks beyond that. He knows that real return(reward in view) is measured not just by the possibility of a cash flow accrual, but by the feasible QUALITY of an asset at any given time !! The point is; Both are good, but which is better? Clearly ACCESS... hence the advise to align more in it ahead of UBA.(portfolio weighting in view) And some dude who's yet to learn even the smallest details on FA was arguing blindly. Maybe u and nna777 should help @meine with a bit of common sense. ...just a bit !! If we begin to analyse the pros and cons in the 2 coys FP, some persons eyes go clear. Maybe then, they'll understand and appreciate the reason for that advise on portfolio weighting. For the records; I also hold UBA. ...but its totally logical to hold more ACCESS than it for now. Regards 2 Likes |
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