Picky1:


You didn't mention ACCESSCORP....was it intentional or you don't trust the management as well?
Also what are your thoughts on MTN?

I don't like the buying of every bank out thr in Africa by access bank .Some of this African countries economy has nothing to offer .

Then I don't like anything from South Africa.,lol.I see mtn as just vehicle used in sending money to South Africa. They only listed because of pressure and government fines.They have no reason to be declaring the kind loss I see.The company is ridden in corruption

Streetinvestor2:
I don't like the buying of every bank out thr in Africa by access bank .Some of this African countries economy has nothing to offer .

Then I don't like anything from South Africa.,lol.I see mtn as just vehicle used in sending money to South Africa. They only listed because of pressure and government fines.They have no reason to be declaring the kind loss I see.The company is ridden in corruption

Wow, I get your view and it looks objective though not very convincing
Guys, does anyone have a contrary view? Ewumi, Nosa2, etc... your comment please!

Picky1:


Wow, I get your view and it looks objective though not very convincing
Guys, does anyone have a contrary view? Ewumi, Nosa2, etc... your comment please!

Access has also been growing on the back of additional Tier 1 capital raised in USD to fund it's aggressive African expansion. If the expansion falters shareholders will pay for it using NGN. If the expansion succeeds the USD Tier 1 capital instrument holders will get the bulk of profits through coupon payments on the USD instrument. That means NGN shareholders have a big exposure to potential FX costs and losses if the African expansion falters, while having a probable upside should the African expansion generate returns above the coupon payments for the Tier 1 Capital instrument holders.

Going forward - One needs to monitor the contributions of the African expansion - if it is far above the cost of funds used to procure the expansion. If it isn't, the share price will not appreciate much.

PETERiCHY:


You dey mind am
We that left both Transcorp and Transpower the since beginning of March.

Our portfolio is now 95% CADBURY and 5% OANDO.

BARGAIN HUNTERS TAKE NOTE!

you left transcorp to cadbury?wonderful!

BabsO2:


Access has also been growing on the back of additional Tier 1 capital raised in USD to fund it's aggressive African expansion. If the expansion falters shareholders will pay for it using NGN. If the expansion succeeds the USD Tier 1 capital instrument holders will get the bulk of profits through coupon payments on the USD instrument. That means NGN shareholders have a big exposure to potential FX costs and losses if the African expansion falters, while having a probable upside should the African expansion generate returns above the coupon payments for the Tier 1 Capital instrument holders.

Going forward - One needs to monitor the contributions of the African expansion - if it is far above the cost of funds used to procure the expansion. If it isn't, the share price will not appreciate much.

Please when did they raise this capital? I've not been looking at the Nigerian markets

nosa2:


Please when did they raise this capital? I've not been looking at the Nigerian markets

They issued a $500 million senior unsecured Eurobond in September 2021.
Here's a breakdown of the Eurobond:
* Issue size: $500 million
* Maturity: September 2026
* Interest rate: 6.125%
* Use of proceeds: General banking purposes.

They also issued a USD50 million green bond in 2022. This bond matures in 2027 and they are both listed on the London Stock Exchange.

Streetinvestor2:
I don't like the buying of every bank out thr in Africa by access bank .Some of this African countries economy has nothing to offer .

Then I don't like anything from South Africa.,lol.I see mtn as just vehicle used in sending money to South Africa. They only listed because of pressure and government fines.They have no reason to be declaring the kind loss I see.The company is ridden in corruption

In addition to the bolded me I find the idea of a shell company incorporated in a tax heven being a major shareholder rather opaque. Is that company, though owned by Nigerians, regarded as a foreign investor and allowed to expatriate it's dividends?

ositadima1:


They issued a $500 million senior unsecured Eurobond in September 2021.
Here's a breakdown of the Eurobond:
* Issue size: $500 million
* Maturity: September 2026
* Interest rate: 6.125%
* Use of proceeds: General banking purposes.

They also issued a USD50 million green bond in 2022. This bond matures in 2027 and they are both listed on the London Stock Exchange.

Wow!!! in 2021 USD was like 475 in parallel market. Using this, they got about N237b and they are paying back N750b.

Good luck to them and their household.

Thanks for this

KarlTom:
I believe that Ote is pumping the Zenith settlement funds into FBNH.
Otudeko still has a big hold though but a wild thought I have is can Ote push for outright ownership of FBNH?

I hope the bank changes from its old ways,that .40k dividend is disappointing.....

nosa2:


Wow!!! in 2021 USD was like 475 in parallel market. Using this, they got about N237b and they are paying back N750b.

Good luck to them and their household.

Thanks for this

You didn't factor in the coupon payments for the period.

unite4real:


You didn't factor in the coupon payments for the period.

No need to add insult to injury.

naturalflow:
you left transcorp to cadbury?wonderful!

Peter has joined betnaija wagon

SonofElElyonRet:


Peter has joined betnaija wagon

no it is betking.lol

DING

Ding!

KarlTom:
Ding!

when the timekeeper comes late to school.

.

naturalflow:
Oando going back home.

WAIT for it @ circa #9:00k.
That's A very strong SUPPORT level.

BARGAIN HUNTERS TAKE NOTE!

Peter, Agba has succeeded in dragging you out. Lol.

In my opinion, I do not think that is feasible anytime soon. Lowest is maybe 10.5 then another rally after the release of the Q2 results...

PETERiCHY:


WAIT for it @ circa #9:00k.
That's A very strong SUPPORT level.

BARGAIN HUNTERS TAKE NOTE!

PETERiCHY:


WAIT for it @ circa #9:00k.
That's A very strong SUPPORT level.

BARGAIN HUNTERS TAKE NOTE!

thank you so much peter,lol

yMcy56:
Peter, Agba has succeeded in dragging you out. Lol.

Anyone posting against OANDO is simply looking for bargain entry ....

Na today you sabi the game?

megawealth01:
Na today you sabi the game?

Abi nah
because I don't know how someone not interested in it will be so much concerned about the movement.....lol

Some people don complete round trip before court case, looking forward to another..

Please, anyone Can I buy this shares ?

BabsO2:


Access has also been growing on the back of additional Tier 1 capital raised in USD to fund it's aggressive African expansion. If the expansion falters shareholders will pay for it using NGN. If the expansion succeeds the USD Tier 1 capital instrument holders will get the bulk of profits through coupon payments on the USD instrument. That means NGN shareholders have a big exposure to potential FX costs and losses if the African expansion falters, while having a probable upside should the African expansion generate returns above the coupon payments for the Tier 1 Capital instrument holders.

Going forward - One needs to monitor the contributions of the African expansion - if it is far above the cost of funds used to procure the expansion. If it isn't, the share price will not appreciate much.

Don’t underestimate their expansion. I remember when UBA was doing its west African expansion, now they bring a chunk of the groups revenue. Also remember that access bank bought some of these outside banks at a discount I.e from atlas Mara. Don’t also forget that they now sit on arm pensions as a group. Isn’t that the second largest pension at the time? I think it’s grossly undervalued in my opinion

yMcy56:

Abi nah
because I don't know how someone not interested in it will be so much concerned about the movement.....lol

Some people don complete round trip before court case, looking forward to another..

And there will be many. You can trust the Nigerian legal system to continue this cycle of adjurnments for the next two years.

carternkem:
Please, anyone Can I buy this shares ?

Are you ready to gamble your funds or wait till wale clear road?

nosa2:


Wow!!! in 2021 USD was like 475 in parallel market. Using this, they got about N237b and they are paying back N750b.

Good luck to them and their household.

Thanks for this

If they raise dollar for expansion, is it Naira they will use to buy the banks in other countries? Why do you think they said don’t pay any profit from dollar revaluation gains? A lot of these banks are still sitting on usd. And the revenue they make in other countries is repatriated in usd

yMcy56:
Peter, Agba has succeeded in dragging you out. Lol.

Anyone posting against OANDO is simply looking for bargain entry ....

Been quiet about Oando, but I don’t think people really looked into their books. But I’ll leave that conversation for another day

bovali:


If they raise dollar for expansion, is it Naira they will use to buy the banks in other countries? Why do you think they said don’t pay any profit from dollar revaluation gains? A lot of these banks are still sitting on usd. And the revenue they make in other countries is repatriated in usd

Fair points.

bovali:
Been quiet about Oando, but I don’t think people really looked into their books. But I’ll leave that conversation for another day

In recent developments, truth is: OANDO is ridiculously cheap!

The Commas tying it down is still this court case and the previous delisting plan, which is most unlikely now........this has been discussed extensively here by me and those wey sabi pass me.
No need to open further discussions on it.
Make we just dey follow the whole drama as e dey go......and be doing intermittent trades in-between...

*No OANDO discussion till further updates* 😊

PETERiCHY:


WAIT for it @ circa #9:00k.
That's A very strong SUPPORT level.

BARGAIN HUNTERS TAKE NOTE!

It will go lower than that price because, Inflation and forex shortage worries MPC members( punch newspaper). I am sure they might increase rate by next MPC meeting coming up by July and investor will dive high interest rate then stock price will drop.