₦airaland Forum

currentprice:
i know from ur body language you owns the stock. you are free to listen to what u want to hear. that is my own opinion sha

not only it, I own many stocks and at the same time neither a friend nor foe to any. When I sell, I don't look back

currentprice:
before i concludes my analysis on company stock, i take into consideration of growth as well. in banking stock apart from unity bank which i have not look into, WEMA bank have the lowest growth rate with PEG ratio close to 2.0

growth rate was reason for my picking stambic bank as one of the cheapest stock yesterday. stambic have the highest growth rate follow by gtb with PEG ratio of 0.55 and 0.57 respectively.

investors nowadays are not that blind no matter our shout on any stock, they know what best for them except the gambler.

things may change 2morrow sha but as at today WEMA is no no for me

But there's one thing I notice about currentprice I know.

Stocks with big tanks (OS) are always no for him, despite how good they are doing.

Sir, when last did you buy dangcem, gtb, fbn etc

onegentleguy:
Like I said before, the criterion for choosing WEMA was based on the coys INHERENT GROWTH. ...That bank is a GREAT growth coy.
Let me point out this very important factor;
With finding GREAT BARGAINS in the stock market, there are 2 core areas to focus on;
1) Look out for the GROWTH BEHIND THE VALUE !!
This is where coys like WEMA, MAY&BAKER and INTERNATIONAL BREWERIES currently fall in.
...and where companies like BETA GLASS, CUSTODIAN, UNILEVER and a few others had it roots. I recall that this was how I spotted the growth potential of BETA GLASS when it was still selling for FAR LOWER than its current market price.
That's GROWTH investing approach.

2) Look out for the VALUE BEHIND THE PRICE !!
This is where coys like CAVERTON, UPL, UNIONDAC, AIICO, NEWREST ASL, UBA, ZENITH, and JB currently fall in.
...and where a company like FIDSON HEALTHCARE and C&I LEASING had its roots. Folks can remember how FIDSON rose from just above N1 to more than N6, returning over an incredible 500% gain !!
This is VALUE investing approach.

Both APPROACH can make one some very good ROI.
When u can spot a 'gap' wide enough to make for a great margin for either the GROWTH or VALUE potential in a coy, RUN IN and ask questions later !!
...this is KEY, and an almost certain root to EXCEL in the market !!

Regards.

More speed to your propeller.

U are important here

wanaj0:
AND why do you think the biggest investors are not offloading? Why are those BIG investors not in Wema, Japaul, Skye and co?

those big investor are not in nem and union diag but you and currentprice respectively bought them anyway

AFTER THE ULTIMATE SACRIFICE OF OUR LORD JESUS CHRIST, GOD IS NO LONGER IN
NEED OF BURNT SACRIFICES TO APPEASE HIM, AS WERE DONE IN OLD TESTAMENT.
HOWEVER, HERE ARE 3 MAJOR SACRIFICES THAT GOD NEEDS FROM US IN NEW TESTAMENT.

1, SACRIFICE OF KEEPING YOUR BODY HOLY.
Romans 12:1 King James Version (KJV)
I beseech you therefore, brethren, by the mercies of God, that ye present your bodies a
living sacrifice, holy, acceptable unto God, which is your reasonable service.

2, SACRIFICE OF PRAISE.
Hebrews 13:15 King James Version (KJV)
By him therefore let us offer the sacrifice of praise to God continually, that is, the fruit
of our lips giving thanks to his name.

3, SACRIFICE OF DOING GOOD.
Hebrews 13:16 King James Version (KJV)
But to do good and to communicate forget not: for with such sacrifices God is well pleased.
THIS IS WHERE GIVING, LOVING EVEN YOUR ENEMIES, KINDNESS ETC, FALL IN.

Many say "God looks into the heart only." But notice that the first sacrifice God wants is your
body. Steer clear from fornication and any clothe and atonement that triggers lust in others.

SHARE THIS MESSAGE.

MARNATHA!


For more messages, go to https://www.nairaland.com/3560501/holineness-righteousness-revival-daily-messages

...GOD IS NO LONGER IN NEED OF BURNT SACRIFICES TO APPEASE HIM, AS WERE DONE IN OLD
TESTAMENT. HOWEVER, HERE ARE 3 MAJOR SACRIFICES THAT GOD NEEDS FROM US IN NEW TESTAMENT.

https://www.nairaland.com/3560501/holineness-righteousness-revival-daily-messages/17#71564308

AFTER THE ULTIMATE SACRIFICE OF OUR LORD JESUS CHRIST, GOD IS NO LONGER IN
NEED OF BURNT SACRIFICES TO APPEASE HIM, AS WERE DONE IN OLD TESTAMENT.
HOWEVER, HERE ARE 3 MAJOR SACRIFICES THAT GOD NEEDS FROM US IN NEW TESTAMENT.

1, SACRIFICE OF KEEPING YOUR BODY HOLY.
Romans 12:1 King James Version (KJV)
I beseech you therefore, brethren, by the mercies of God, that ye present your bodies a
living sacrifice, holy, acceptable unto God, which is your reasonable service.

2, SACRIFICE OF PRAISE.
Hebrews 13:15 King James Version (KJV)
By him therefore let us offer the sacrifice of praise to God continually, that is, the fruit
of our lips giving thanks to his name.

3, SACRIFICE OF DOING GOOD.
Hebrews 13:16 King James Version (KJV)
But to do good and to communicate forget not: for with such sacrifices God is well pleased.
THIS IS WHERE GIVING, LOVING EVEN YOUR ENEMIES, KINDNESS ETC, FALL IN.

Many say "God looks into the heart only." But notice that the first sacrifice God wants is your
body. Steer clear from fornication and any clothe and atonement that triggers lust in others.

SHARE THIS MESSAGE.

MARNATHA!

.

currentprice:

thks 4 d graph

onegentleguy:
U are only looking at a single factor (deriavable earnings to equity holders) in isolation.
To draw a BETTER INFERENCE in fundamental analysis, its ALWAYS BEST to look at several indices as a combination.
Let me try and do justice to a few.
Some KEY highlight:
▪ Improving ROAE. ...which prints 7.39% as at H1 2018. Given current indices, It's clear that this line will grow to well above 10% by YE.
▪ fairly steady growth in interest and non-interest income. ...with the latter growing from just above 24% to 33% in 2018 over the corresponding period of last yr.
▪ Improving CAR. ...growing by near 33% from 10% to 13.27% as at H1 2018.
It's important to note that the re-commencement of the 50B bond program will still improve CAR by above 15%. WEMA has already raised the 1st tranche of funds via bonds.
With CAR at above 32% past the CBNs regulatory minimum for banks with national license (like wema), the banks qualifying capital in proportion to its loan is very sound.
...the interpretation of this is that the banks equity measured against its risk assets is very HEALTHY !!
The banks cost of risk is also relatively low. So for those who hold the funny belief that WEMA might go the way of skye, read this;
WEMAs position on CAR, NPL and CoR clearly shows that the bank is very SOLVENT and NEVER in dare need of funds.
The banks NPL ratio of 3.3% is presently about the lowest for quoted coys in the industry.
▪ The bank also improved their Asset yield following from a better than expected loan growth. YoA currently prints at 18.24%. ...this is KEY.
▪ Management were also fairly efficient as NIM improved from approx 6% in 2017 YE to 7.24% by H1 2018.
▪ Improved LOAN GROWTH. ...coming from the back of a regressive position as at YE 2017 to 3.5% in H1 2018. The bank also expects this to hit 10% by YE.
▪ Improving customer deposit. ...from a previous all time low to 39% as at H1 2018.
With the banks present degree of Innovation, this line may well hit above 50% by YE.
▪ Despite a slightly higher OPEX and cost to income ratio, the bank still grew their net income line. ...which reflected in their ROAE, ROAA and Equity Multiplier.
Suffice to say that the main drivers for the increase in their expense line was as a result of their key technological developments and brand positioning efforts. (pls refer to the NTS)
...and so over a time adjusted basis, these innovations will most likely transform into higher earnings in TOPLINE.
▪ The bank has also been very innovative with the changing tides of the economy in other to better build on their interest income and net margin.
WEMA is currently one of the best fintech banks in Nigeria.
...their fintech space, ALAT presently speaks volume of the banks future earnings drive.

If one can read between the lines and properly dymisify these figures, u would see that WEMA is a BARGAIN at current market price !!
This bank has witnessed a remarkable turnaround in the past few yrs. Needless to say that it is a GREAT GROWTH stock !!
...those who know, know what they need to continue to do.

I also need to remind u that the essence of the banks recent capital reduction exercise was to allow for dividend payment this year.
...the bank gave guidance to this when it said it will pay a dividend this yr before completing their bond raise.

NOTE: There is absolutely NOTHING like a planned share reconstruction. ...it's important not to put out false news.
WEMA is not the only bank with a high OS.

But I do agree that there are better banking coys in the market now. UBA, ZENITH, FCMB, and STERLING are currently selling at good bargains, but not STANBIC. Dont be deceived by the Nos from STANBIC. One of this days, I shall do an expose on that coy. Current price is at a premium to true valuation.

But folks should always remmember that due diligence is still advised as always pls.

Enough said.

Bought me some fide today.

Thanks to good analysts we have here.

More strength for your shoulders, I pray in J N

However, still waitg for the wema argument

cc wanajo, cp

.

DeRuggedProf:

Go drag the bull out of your cage

onegentleguy:
U are only looking at a single factor (deriavable earnings to equity holders) in isolation.
To draw a BETTER INFERENCE in fundamental analysis, its ALWAYS BEST to look at several indices as a combination.
Let me try and do justice to a few.
Some KEY highlight:
▪ Improving ROAE. ...which prints 7.39% as at H1 2018. Given current indices, It's clear that this will grow above 10% by YE.
▪ fairly steady growth in interest and non-interest income. ...with the latter growing from just above 24% to 33% in 2018 over the corresponding period of last yr.
▪ Improving CAR. ...growing by near 33% from 10% to 13.27% as at H1 2018.
It's important to note that the re-commencement of the 50B bond program will still improve CAR by above 15%. WEMA has already raised the 1st tranche of funds via bonds.
▪ The bank also improved their Asset yield following from a better than expected loan growth. YoA currently prints at 18.24%. ...this is KEY.
▪ Management were also fairly efficient as NIM improved from approx 6% in 2017 YE to 7.24% by H1 2018.
▪ Improved LOAN GROWTH. ...coming from the back of a regressive position as at YE 2017 to 3.5% in H1 2018. The bank also expects this to hit 10% by YE.
▪ Improving customer deposit. ...from a previous all time low to 39% as at H1 2018.
With the banks present degree of Innovation, this line may well hit above 50% by YE.
▪ Despite a slightly higher OPEX and cost to income ratio, the bank still grew their net income line. ...which reflected in their ROAE, ROAA and Equity Multiplier.
Suffice to say that the main drivers for the increase in their expense line was as a result of their key technological developments and brand positioning efforts. (read the NTS)
...and so over a time adjusted basis, these innovations will most likely transform into higher earnings in TOPLINE.
▪ The bank has also been very innovative with the changing tides of the economy in other to better build on their interest income and net margin.
WEMA is currently one of the best fintech banks in Nigeria.
...their fintech space, ALAT presently speaks volume of the banks future earnings drive.

If one can read between the lines and properly dymisify these figures, u would see that WEMA is a BARGAIN at current market price !!
Needless to say that it is a GREAT GROWTH stock !!
...those who know, know what they need to continue to do.

I also remind u that the essence of the banks recent capital reduction exercise was to allow for dividend payment this year.
...the bank gave guidance to this when it said it will pay a dividend this yr before completing their bond raise.
NOTE: There is absolutely NOTHING like a planned share reconstruction. ...it's important not to put out false news.
WEMA is not the only bank with a high OS.

But I do agree that there are better bank coys in the market now. UBA, ZENITH, FCMB, and STERLING are currently selling at good bargains, but not STANBIC. Dont be deceived by the Nos from STANBIC. One of this days, I shall do an expose on that coy. Current price is at a premium to true valuation.

But folks should always remmember that due diligence is still advised as always.

Enough said.

Waooooooow!!! This is the kind of argument we need here.

Where are you wanajo and currenprice

Come defend your FA and TA!!!

.

Nigeria bonny light oil 83.65

Blackfire:
Is deeper life a church?

Hmm! This your question ehhh,

They are not perfect, but this church remained unshakable, even when many like Assemblies and others backslided.

However, I pray that their youths do not backslide in the her future.

TWO WORST THINGS THAT SHOULDN'T HAPPEN TO ANYONE IS ...

https://www.nairaland.com/3560501/holineness-righteousness-revival-daily-messages/17#71532804

TWO WORST THINGS THAT SHOULDN'T HAPPEN TO ANYONE IS TO MISS RAPTURE OR TO END UP IN HELLFIRE.

Thessalonians 4:16-18 King James Version (KJV)
For the Lord himself shall descend from heaven with a shout, with the voice of the
archangel, and with the trump of God: and the dead in Christ shall rise first:
Then we which are alive and remain shall be caught up together with them in
the clouds, to meet the Lord in the air: and so shall we ever be with the Lord.
Wherefore comfort one another with these words.

Matthew 5:22 King James Version (KJV)
... but whosoever shall say, Thou fool, shall be in danger of hell fire.

DO THE WORK OF AN EVANGELIST ... SHARE THIS MESSAGE.

MARANATHA!

Hmmm! Oil 81.3

Mcy56:
Even Pastor self dey fear sky. Chai!

u no go understand

sky2891:
Reminds me of students seeking Expo in exams.
This is not expo... brainstorming I guess.

sky...? I think I better run away

onegentleguy:
U can do urself a favor by perusing through the banks link on fixed income information (bond issues) below:
http://www.wemabank.com/investor-relations/fixed-income-credit-rating/#tab-bd00feaea702534f285

Also do well to surf through the banks recent H1 2018 presentation to analyst and investors here:
http://www.wemabank.com/wp-content/uploads/2018/07/H1-YEAR-2018-Presentation-Slide.pdf

I have since said that WEMA BANK remains a BUY... In fact ACCUMULATE for us !!
But due diligence should ALWAYS be ur 1st priority.

Cheers.

thks

Mcy56:
I mentioned this UBA few days ago to veecovee, it was trading between 7.15 and 7.25...... it is 8.30 today.
Just pointing it out. Not a recommendation please. I'm not in it either. Just an update to him.

Hmmm my dear! Some people are still crying bear, bear

Who's away of the latest as it is with wema 20 billion bond. I read sometime that its coming soon

.

onegentleguy:
I also like to be guided by TECHNICALS. But its better not to pay so much attention on price.
BEST to FOCUS more on VALUE.
VALUE drives price and NOT the other way round. (price does NOT drive value)

Like I always tell folks;
When u see a 'wide gap' in VALUE too big for the current price of a FUNDAMENTALLY SOUND coy, RUN IN and ask questions later !! This is a very pivotal criterion to both VALUE and GROWTH investing.
NOTHING beats a great 'gap' between inherent VALUE and price.
...this is KEY.

I sent an email to you gentle. In fact, I really need to know the latest as things stand with wema 20 billion bond

Some of the things i learn from Deeperlife mondays Bible study helps me to keep updating this thread below.

https://www.nairaland.com/3560501/holineness-righteousness-revival-daily-messages/17#71503869

ONE DAY I'LL JOIN THOSE IN THE GRAVE, HMMM! WILL I BE
AMONG THOSE THAT WOULD JOIN LIFE OR DAMNATION?

John 5:28-29 King James Version (KJV)
Marvel not at this: for the hour is coming, in the which all that are in
the graves shall hear his voice,
And shall come forth; they that have done good, unto the resurrection
of life; and they that have done evil, unto the resurrection of damnation.

DON'T KEEP THIS QUESTION TO YOURSELF ALONE.

MARANATHA!

.

Kingosytex:
good for u

I'm not exaggerating, that worldwide network program is a blessing to this age.

Though I'm not a deeperlife member, I believe we all are going to the same heaven.

I just walk into any of their church wherever I am and listen to this old but young man.

Infact that man of God is a blessing to Christians of this generation.

Try it today being Monday, you'll testify too.