Nigerian Stock Exchange Market Pick Alerts - Investment (8228)

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Re: Nigerian Stock Exchange Market Pick Alerts by megawealth01: 10:15am On Sep 30

megawealth01:
World Bank Okays $1.57 Billion Loan For Nigeria

https://punchng.com/JUST-IN-World-Bank-okays-

Blulaba is on the beat to help the economy grin

Re: Nigerian Stock Exchange Market Pick Alerts by Sunrisepebble: 10:19am On Sep 30

All in due time my brother. For now let’s enjoy our current catch cool

megawealth01:

Help point another fish for big guys

Re: Nigerian Stock Exchange Market Pick Alerts by BabsO2(m): 10:20am On Sep 30

Mpeace:
We watch how the market reacts. The result is not as good as last year. Lower PAT and lower eps compared to last year.
This is a "rights issue" influenced interim dividend.

I will still take GTCO and Zenith over UBA.

Have you crunched the numbers side by side. UBA is relatively undervalued compared to Zenith and GTCO (& many other Tier 1 & 2 banks) if you crunch the numbers based on last week closing prices.

1 Like

Re: Nigerian Stock Exchange Market Pick Alerts by Sunrisepebble: 10:22am On Sep 30

robobo:

Hello Chief, Please point me to where the derivatives losses are, i can only see the net trading and foreign exchange gain of 98,179

1 Like 1 Share

Re: Nigerian Stock Exchange Market Pick Alerts by BabsO2(m): 10:25am On Sep 30

crownprince2017:
I hope this will not be one time off things.
I also hope tony will not collect the change on year end dividend.

Just thinking out loud.

That jump is massive. Can they sustain a total dividend not less than N5 year in the years ahead after a capital raise. Management (Tony) needs to out clearly with a message like this.

Re: Nigerian Stock Exchange Market Pick Alerts by GeeKudi: 10:27am On Sep 30

Sunrisepebble:
All in due time my brother. For now let’s enjoy our current catch

Bring it to the NGX already wink

Re: Nigerian Stock Exchange Market Pick Alerts by pluto09(m): 10:27am On Sep 30

Sunrisepebble:
Aradel owners Phase 2

Is aradel listed on the main bourse now?

Re: Nigerian Stock Exchange Market Pick Alerts by robobo: 10:30am On Sep 30

[quote author=Sunrisepebble post=132222700][/quote]
Thank you

1 Like 1 Share

Re: Nigerian Stock Exchange Market Pick Alerts by Sunrisepebble: 10:31am On Sep 30

It is still on NASD and will be moved to the main bourse two weeks time. But at the new split price, the shares are being rushed 500k Volume has gone through already. I will advise to buy here rather than waiting for the NGX listing. I have mentioned the caveat emptor with that as a PE firm wants to exit

pluto09:

Is aradel listed on the main bourse now?

1 Like

Re: Nigerian Stock Exchange Market Pick Alerts by IYGEAL(m): 10:31am On Sep 30

UBA declaring 2 naira interim dividend is wild.

1 Like

Re: Nigerian Stock Exchange Market Pick Alerts by megawealth01: 10:36am On Sep 30

Sunrisepebble:
All in due time my brother. For now let’s enjoy our current catch

1 Like

Re: Nigerian Stock Exchange Market Pick Alerts by Bbbwings: 10:40am On Sep 30

Xidget:
UBA nice one. Chai I should have bought more at #21.9 but I was waiting for 20.9 that never came

Bought it more than 7months ago at 25naira

Re: Nigerian Stock Exchange Market Pick Alerts by leparj(m): 10:42am On Sep 30

Thank you Sir.

megawealth01:

I'm happy for you. Congratulations

Re: Nigerian Stock Exchange Market Pick Alerts by BabsO2(m): 10:44am On Sep 30

BabsO2:
Though UBA is currently more underpriced than Zenith or GTCO, its CBN mandated capital raise need to be priced closer to Zenith for several reasons.

In 2007 the public offer prices for the banks were
UBA N35.00 (rights was N34)
Zenith N38.90 (rights was N36.90)
FB N33.00 (rights was N31)
ACCESS N14.90
Fidelity N8:00
FCMB N14:00

2023 FY and 2024Q1 Book Values per share
UBA N57.37 & N73.81
Zenith N73.95 & N90.61
FB N47.88 & N52.53
ACCESS N42.34 & N **(looks lower than many quote)
Fidelity N13.67 & N14.6
FCMB N19.4 & N 22.62

Looking at earnings per share UBA, Access, Zenith and GTCO are competing strongly with Zenith in the lead and UBA attempting to drag position with GTCO. But I guess investors will place premiums on consistent dividend payout and growth. Zenith and GTCO are leading here.

Quoting my last week Monday discuss and commenting further:

With the N2 dividend payout UBA is now working nicely to get the valuation it deserves, a CBN mandated capital raise price that will be closer to Zenith and GTCO offer prices.

3 Likes

Re: Nigerian Stock Exchange Market Pick Alerts by KarlTom: 10:44am On Sep 30

Just in time... grin

UBA RI/PO should be announced soon...

KarlTom:
UBA seem to be delaying their DIV announcement until Zenith concludes their RI/PO.

I wonder what they'll do now that Zenith has extended their offer for 2weeks...

Re: Nigerian Stock Exchange Market Pick Alerts by Jonwest: 10:51am On Sep 30

Yemy3m:
Confam. Tomorrow .get funds ready

God bless you sir for the pointer

I know many miss this pointer cause of unnecessary infighting. please make we no use our hand driver our helpers commot finish biko

2 Likes

Re: Nigerian Stock Exchange Market Pick Alerts by Raider76: 10:51am On Sep 30

Hope those on Ellahlakes bus are watching the market.

4 Likes

Re: Nigerian Stock Exchange Market Pick Alerts by yMcy56: 10:54am On Sep 30

UBA: Full bid @28.30....

CWG: Getting quite a lot of attention, unlike before.....
Better wan show?

DEAPCAP full bid @1.22...

What's driving Livestock? Is it in relations to FMN exit?

1 Like

Re: Nigerian Stock Exchange Market Pick Alerts by Princkez: 10:58am On Sep 30

Raider76:
Hope those on Ellahlakes bus are watching the market.

we dey...watching out for opportunity to pick more,no shaking

Re: Nigerian Stock Exchange Market Pick Alerts by megawealth01: 11:02am On Sep 30

yMcy56:
UBA: Full bid @28.30....

CWG: Getting quite a lot of attention, unlike before.....
Better wan show?

DEAPCAP full bid @1.22...

What's driving Livestock? Is it in relations to FMN exit?

This deapcap. What's really driving this stock? Na one of my school fees stocks that year. I still have many of it that I bought at very high price. Can't remember the price now but it should be around $8

Re: Nigerian Stock Exchange Market Pick Alerts by Sunrisepebble: 11:04am On Sep 30

The market is really not responding to the FMN news the way I thought it would. Perhaps people think the #70 is a fair price

Re: Nigerian Stock Exchange Market Pick Alerts by RodgersAkpafu: 11:06am On Sep 30

leparj:
Well done UBA.
U ve justified my offloading all my 7 digits holding in FBNH @N31.90 to add more units of UBA @ N23.95/24 to tk my UBA holding to over 3M. It was a total swap. One kobo I didn't take out.
Will even still chop that meagre 40k 2023 FY FBNH dividend (which I qualified for) whenever they are ready to pay it. Thank God for His grace. God is good.

you mean you are yet to receive your dividends for FBNH?

Re: Nigerian Stock Exchange Market Pick Alerts by mikeapollo: 11:09am On Sep 30

megawealth01:

Blulaba is on the beat to help the economy

He would end up spending it on the contracts he has awarded to his cronies Chagoury and Chagoury

Re: Nigerian Stock Exchange Market Pick Alerts by megawealth01: 11:09am On Sep 30

Sunrisepebble:
The market is really not responding to the FMN news the way I thought it would. Perhaps people think the #70 is a fair price

I swear

Re: Nigerian Stock Exchange Market Pick Alerts by megawealth01: 11:10am On Sep 30

RodgersAkpafu:

you mean you are yet to receive your dividends for FBNH?

I never receive as the fight is still on grin

Re: Nigerian Stock Exchange Market Pick Alerts by megawealth01: 11:10am On Sep 30

mikeapollo:

He would end up spending it on the contracts he has awarded to his cronies Chagoury and Chagoury

Re: Nigerian Stock Exchange Market Pick Alerts by Kereokwu(f): 11:11am On Sep 30

Princkez:
we dey...watching out for opportunity to pick more,no shaking

Re: Nigerian Stock Exchange Market Pick Alerts by RodgersAkpafu: 11:14am On Sep 30

megawealth01:

I never receive as the fight is still on

I'm surprised
Does it mean the one I received was a retrospective payment was it last month or so?

Re: Nigerian Stock Exchange Market Pick Alerts by designking: 11:15am On Sep 30

Dangote Sugar moving but NASCON keep falling. What is happening to NASCON?

I may have to selloff a major part of my NASCON shares and buy UBA or Access Bank shares for now till next year when any positive will come for NASCON.

Re: Nigerian Stock Exchange Market Pick Alerts by yMcy56: 11:16am On Sep 30

Sunrisepebble:
The market is really not responding to the FMN news the way I thought it would. Perhaps people think the #70 is a fair price

It was actually because of the calculations that VAT may be deducted from the exit price...
So people don't want to pick above 62.50....

Should there be any review up of the price from N70, then you'll know people are actually Interested.

Ordinarily, some experts says it shouldn't be less than N100, considering the all time high of FMN in 2022.

2 Likes

Re: Nigerian Stock Exchange Market Pick Alerts by KarlTom: 11:18am On Sep 30

Profit takers already in action... wink

Sunrisepebble:
The market is really not responding to the FMN news the way I thought it would. Perhaps people think the #70 is a fair price

Re: Nigerian Stock Exchange Market Pick Alerts by Xidget: 11:21am On Sep 30

Bbbwings:

Bought it more than 7months ago at 25naira

You should have averaged down when it came down to #20.

1 Like

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