₦airaland Forum

Mcy56:
Why should UBA be punished if I may ask sir?
With covid effect which we already envisaged will have serious impact on coy's 2020 Q2 results, we should rather say that UBA really tried for even paying any interim div self, not to talk of them paying 3kobo less the normal interim div.
The donations to FG on covid is a form of biz in disguise if you ask me.
Anyway, if UBA will visit sub N6 like you said, it can't be around this time.......let's wait and see what GAZ will pay first.... before concluding on 'punishing' or not.

Ma, na to buy more units i de find oo

TLAX:
Sense man...you want to buy more at lower prices. It wont happen

There won't be any meaningful drop in share prices they way i see it for now. I believe worst case scenarios have been priced in.

.....or it may well be the case of information trailing share price instead of vice versa as we were led to believe about "perfect markets". Take Guinness as case study.

I want buy more as you rightly said....

onegentleguy:
Sorry dear,
I forgot that its half yr reports that we are expecting.
3k drop in interim divided compared to previous yr distribution.
Looking at the report, we might as well pass some of the blame on covid-19 !! Apparently, the bank had to make donations in that line as part of its CSR.
That donation of over N4.7B was indeed one of the key contributors to the higher expense line(other OPEX in view) ...the other was the surge in remittance for contract services by over N4.8B YoY.
Those 2, together with the mark-up on impaired assets and higher admin expense, explains the ~21.7% drop in NET MARGIN despite increased NII and NFCI.
Good that NIM retains a positive track though.

Drawback? Yes, but earnings trajectory remains stable.

UBA still remains UNDERVALUED at the current mkt price.

Selah

Thank you Sir

But let's punish UBA small for not given us our 20k or increase it to 25k self..

....don't we need donations to ourselves as shareholders in this pandemic too?

Hoping UBA will come down to sub-N6 self

Brightingsus:
Nope. That's a negative. No one is testing anyone at the UK airport or upon arrive in the UK. No one in the UK is interested in your test result when you come as a visitor as there is no facility for this when you arrive. You are expected to self isolate straight up.

No be small thing oo

Things may change as International flights begin on September 5th, 2020

Teepee85:
Please guru in the house. I am a bit confused. I am about submitting my uk visit visa application for 8 days but I keep wondering if it will make any sense to the Eco for me to spend 8 days for my holiday without coming out of my hotel room. We all know that we need to quarantine for 14 days when we arrive. Can ppl please share there thought on this?

I think if you test for covid-19 in the UK airport on arrival and your negative, there will be no need for 14 days self isolation.

My thoughts though....

Valueinvestor:
It's obviously very cheap, with a dividend yield of 14% + ,infact just a few rentals does that, but cheap may become cheaper, so its always good to have in mind a downside possibility of 15 -25 %.and cash reserve to key into this in case it happens.The trick is not to go in at once, but in tranches

Waiting for more southern movement after Q2

ahiboilandgas:
what is the monthly genuine demand of dollars by the Nigeria economy ? What is the speculative demand...what is the corrupt income demand .....the last two demads are false demands and many Nigerians holding dollars up and down dont have any tangible reasons ,buying and hoarding dollars to speculative....going forward i will advice the cbn to shut down dorm accounts holding ...once your are in Nigeria u must spend Naira .....Naira is the tender here ....why do americans, British and other dont hold dorm naira accounts in Britain .......20 bn dollars unproductive dollars warehouse in dorm accounts .....this false demand must be taken out....

Excellent view point

armadeo:
Why just doctors. Everybody will sign the bond too. Engineers lawyers pharmacists everybody upto languages. It will affect all. So a language graduate too will serve bond before trying to better himself

A bi oo

sermming:
After a long wait of 5 Month and 20 days my visa is finally out.I did bio metric March.. I was issued 6 month visiting visa.Will go for 10 days and come back and go in December again before it expires then apply for 2years....Eru dupe..

Congratulations

OBAGADAFFI:
Lol, from the store

He stole 1000(cash)
Bought goods worth 700
Collected change of 300(cash)


The store owner lost
N1300 in cash
N700 worth of goods

It's N1,000

He went home with N700 goods and N300 change only

ahiboilandgas:
My doctot friends am not against u migrating for better incomes or good working environment my issue is using tax money to train future migrants... a least they can have a bond of 7 years ....kano was operating it before .....but a situation where doctors cant get residency space or jobs they can migrate out of Nigeria ......

U de cause problems oga

sirrotex:
N2000. I000 in cash, 700 in goods and 300 change given back

Excellent

RabbiDoracle:
FTN cocoa should be delisted. Is that firm still alive?

Agricultural stocks will need to sell off later. I foresee Okomu at N35 and PRESCO at between N25 to N28. Just tread carefully.

Sir,
When will these happened?

Am waiting for these prices

OBAGADAFFI:
UPDCREIT have been moving-up silently.

.
What is the current price?

lovewins:
What's the limit for Stanbic and how much do they charge per dollar?

They charged me N430 per $ yesterday....I think $100 per month

ahiboilandgas:
Please why are new doctors having hard time getting residency or federal teaching hospital jobs depsite mass migration and low man power

Corruption at ogas at the top....

ahiboilandgas:
most of them dont do calculation they think 25m naira (50 pounds) will give same type of lifestyle and chilling in uk......u might move from a duplex in Nigeria to a condon in uk and still pay 1200 pounds per months....u cant even have a nanny ,cook, house girl,maiguard driver any more ......u will wash ,iron ,cook your meals your self .....all those 15000 house girls in NIgeeria no dey u will pay 700 pounds for day care from that salary ....

Na true, but their sanity is preserved

ahiboilandgas:
50000 pounds per anum gross incoms ...less 20 percent incoms tax 10000 pounds out less rent 12000 pounds out less feeding and transport 15000 pounds ....less taxing by Family 2000 pounds =....40000 pounds gone in expends saving....circa 800 pounds monthly x500 =400,000 ......not bad .......

Oga you too the calculate.....Loooooool

Valueinvestor:
Jack Bogle once said " Don't look for the needle in the haystack,just buy the haystack"

Loooooool

Valueinvestor:
The period when one makes money in the market is the ”waiting time " and not when one buys or sells. The question is How many people has that patience to wait.

We are # team5-10years......are you with us?

Calebbold:
Wow...it seem most people on this forum are heavily invested in WAPCO....

When WAPCO finally move, the way people for this forum go take "BLOW" ehenn ...them go just retire

Are you sure?

bigjay01:
... but could be trampled on.

This one oga Bigjay show today....what are we expecting from Market Sir?

Justcul:
Hahahaha lolz due diligence has been done sir

What did you see in the Due Diligence Sir?

currentprice:
I posted wapco as a stock that will surprise the mkt b4 any member here and i still stand on it. just trying to reason why wapco selling at currentprice with the superb result compare to others in the same sector.

if u compute earnings growth rate of those company may be you will understand where am coming from. cash flows is very important for me while analyzing a stock, wapco had fantastic H1 cashflow so as BUa and DC.

BUA is currently selling at premium based on earnings valuation but at discount base on cash valuation. cash i call oxygen is one of the reason bua price refused to fall

wapco is currently selling at a discount based on earnings and cash valuations for the first time after years of hardship

i say it again wapco is a good stock to buy for me before bua and dc

Thank you Sir Currentprice.

At the right time, Mr Market will visit us at Wapco Basement

onegentleguy:
It's important to be cautiously optimistic with FBNH.
Though the coy is a BUY @ the current mkt price, but there are still a few clear worries.
...which could potentially disrupt the thing about the current growth trajectory going into H2, 2020.

I'll advise folks to assign more of their portfolio in fellow P2P coys, ACCESS and UBA ahead of FBNH.
A 40, 40, 20 or 45, 35 20 percentage weighting in ACEESS, UBA before FBNH, in that order won't be bad idea.

Selah

I prefer UBA to Access until ACCESS has finished swallowing other smaller banks in Africa.

Justcul:
Please add the "F" na Oga. You don't want your boys to chop

Team WAPCO average down, .. Present sir!

F has presented Q2 na....First Bank

Lion123:
The CBN is delaying granting approval. Emefiele is just a useless guy all round.

This your anger towards Emefiele.....nawaoooo

Wetin de guy do you nah?

ss2020:
No na. How can u pay money into a complete strangers account? U no dey fear? Contact your friends, school mates, siblings or anyone u trust. Lots of people have zenith bank accounts with atm. They are everywhere.

Exactly

Mcy56:
Lol. Hope you're good sir.

We are good Madam.

Waiting for UGAZ Q2 reports

Mercydecy:
No one, we planned on lodging at the hotel

Ok

Just put in documents that will convinced the ECO both of you are genuine visitors and will come back to naija.

What is your mum disposable income?

Roneld77:
No i haven’t
I don’t have Zenith or fcmb account

I have been trying to find someone with any of the 2 banks... no one want to drop is bank details, it’s really frustrating !!!

Which bank are you using for the payment?

emmanuelewumi:
Team average down

Loooooool

.....To see the end of the well....