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Re: Nigerian Stock Exchange Market Pick Alerts by Lion123: 8:24pm On Apr 20, 2023 |
robobo: TOE doesn't really send anybody tbh. All that Foundation/Africapitalism ish is strictly to boost his ego. I like the guy sha. 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by BabsO2(m): 8:31pm On Apr 20, 2023 |
robobo: Because UBA deposit liabilities, has been growing as fast or faster that SHF, perhaps UBA is trying to improve its CAR organically. FBNH has similar challenge / strategy to boost CAR sufficiently above the minimum required by CBN. As a result of this it's not advisable to dispense too much dividend as doing so, reduces the rate at which SHF grows. Access raised a special instrument to boost its Tier 1 capital a couple of years ago. This has boosted its CAR hence can dispense more dividends. Will need to look through the annual report presentations to pick out the CAR. Or last year Stanbic-IBTC analysis display of CAR if I can get it. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by BabsO2(m): 8:34pm On Apr 20, 2023 |
Lion123: I hear there is a way it can reduce tax liabilities. Achieve double result with one strike. 3 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by robobo: 9:52pm On Apr 20, 2023 |
BabsO2: The last full year result already put CAR above 25 which is comfortably above minimum regulatory of 15 , so it is not an excuse. UBA should increase the dividend payout. Na wetin shareholder eat (dividend) for them belle matter most to them 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by OBAGADAFFI: 10:16pm On Apr 20, 2023 |
1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by Lion123: 10:26pm On Apr 20, 2023 |
I suspect Tony is about to start mopping up UBA so that what has happened in Transcorp doesn't happen to him again. With a market cap of just N270B an enterprising person with $20million in spare change can just convert the money to N14B on the parallel market and become second largest shareholder in UBA with more than 5% and insist on board positions. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by handsomebolanle: 10:46pm On Apr 20, 2023 |
Please how is a company like Risevest able to give 8% Interest PA om dollar investment? Is it safe to invest with them? |
Re: Nigerian Stock Exchange Market Pick Alerts by BabsO2(m): 10:56pm On Apr 20, 2023 |
You are right. UBA has no excuse for not increasing dividends based on CAR. It's First Bank that is building CAR by not paying too much dividends. Below is a nice picture for 2021 H1 from Stanbic IBTC. Cannot find the one they issued last year. robobo: 2 Likes 1 Share
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Re: Nigerian Stock Exchange Market Pick Alerts by onegentleguy: 11:17pm On Apr 20, 2023 |
ON ACCESSCORP 2022 YE report... Pls let's not get too excited. No doubt, ACCESSCORP did well at declaring a mouthwatering dividend and any dividend growth investor will of course embrace it, but can that be said of a value investor? ...not entirely? Based on their YE, 2022 Nos, I dare say that UBA is still ahead of ACCESSCORP. The magt of ACCESS need to be more efficient. They do have a strong "war chest", but the focus to build via inorganic growth has been the bane to a commensurate measure in earnings quality in view of the banks asset size. (AsY/AsQ from key ED) Until 2021, they were doing well at optimizing cost whilst building the necessary synergy, but it appears their foray into some African countries/romance with 1 or 2 lenders has taken more than it has given them. I was not entirely impressed by their performance in 2021. ...they should've have done more! H1, 2022 was particularly a deviation in growth trajectory for me given how the banks AsQ relates to some of her VPDs. Before 2021, ACCESS was well ahead of UBA in view of how risk relates to VALUE... and rightly so seeing how the former outperformed the latter in CGY YoY. (I recall writing an article to compare both lenders at the time) But in recent time, UBA has no doubt been the more efficient bank. ...it has done better at delivering more comparative value with less.(liquidity) By my several estimate, ACCESSCORP earnings quality is relatively fair. An EPA analysis shows that accruals contribute less than 47% of earnings delivery, so we can say that it's ok. But Yes, they can and should do better. Using the same approach pegs UBA @ less 31% on accrual basis... which currently makes her a more efficiently run banking entity than ACCESS (a few other P2P comparative analysis also lends credence to this fact) With that N1.3 dividend proposal (which of course triggered the excitement and interest in the stock), I expect ACCESSCORP to rise and perhaps hover around N12-13+ in the short term. However, unless the overall mkt/sector assigned sentiment remains positive, am not so sure about the sustainability in cap appreciation post ex-dividend. But for that dividend, there could've been a near 1 probability that the price will drop even if it will later rise. I like ACCESSCORP Q1, 2023, but I also do have some concerns. It's nice to see that they've started the yr in good light but hey! it's not the 1st time they'll have a good quarter performance and follow it up with a material deviation 90 days later. I'd love to see them show some great measure of consistency. Before 2021, I had advised for a 70-30% fund allocation in favor of ACCESS (ahead of UBA), but in view of recent guide from their financial print (particular in the last 3 quarters), that portfolio weighting is now 60-40% in favor of UBA. ...I still do. Bottom line: ACCESSCORP is good, but UBA is better. ...well, for now! If the share price of the former can push up because of its proposed div cash flow, the latter will because of its slightly better fundamental stance. CAVEAT: NOT to be inferred as any sought of recommendation. ...the need for due diligence should still take higher precedence ahead of this post. It is well. 9 Likes 1 Share |
Re: Nigerian Stock Exchange Market Pick Alerts by megawealth01: 11:55pm On Apr 20, 2023 |
OBAGADAFFI:yeah |
Re: Nigerian Stock Exchange Market Pick Alerts by Mpeace(m): 12:05am On Apr 21, 2023 |
OBAGADAFFI:Lucky you. I never recieve anything. |
Re: Nigerian Stock Exchange Market Pick Alerts by jideflash(m): 1:35am On Apr 21, 2023 |
well said. onegentleguy: |
Re: Nigerian Stock Exchange Market Pick Alerts by handsomebolanle: 5:34am On Apr 21, 2023 |
handsomebolanle: @emmanuelewumi @onegentleguy Please can you advice? |
Re: Nigerian Stock Exchange Market Pick Alerts by emmanuelewumi(m): 6:29am On Apr 21, 2023 |
handsomebolanle: Do your due diligence and consult a financial adviser. Return of my money is more important than return on my money. Good luck 8 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by Ajibade123(m): 8:07am On Apr 21, 2023 |
yMcy56:Thanks a lot |
Re: Nigerian Stock Exchange Market Pick Alerts by Backpedal: 8:55am On Apr 21, 2023 |
Lion123: But what's wrong with this though ? |
Re: Nigerian Stock Exchange Market Pick Alerts by handsomebolanle: 9:10am On Apr 21, 2023 |
emmanuelewumi: .. True…Thank you |
Re: Nigerian Stock Exchange Market Pick Alerts by Adeoye11(m): 9:17am On Apr 21, 2023 |
OBAGADAFFI:token for we that invested little, but so far i love the way MTN own is going. |
Re: Nigerian Stock Exchange Market Pick Alerts by GreatEko: 10:09am On Apr 21, 2023 |
emmanuelewumi: Oh okay. For your business name, right? |
Re: Nigerian Stock Exchange Market Pick Alerts by GreatEko: 10:13am On Apr 21, 2023 |
handsomebolanle:NO emmanuelewumi: To give you a quick hint on the due diligence part Risvest is not "properly" licensed & regulated. In the sense that they don't have a fund/portfolio manager license from the SEC (Nigeria). My advice to them is to start applying for the said license, if they haven't done so. In the meantime, if you are looking for a dollar mutual fund to invest in, go for the ones at Stanbic IBTC Asset Mgt, FBNQuest Asset Mgt, United Capital Asset Mgt etc Happy holidays! 5 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by Standardguy(m): 11:31am On Apr 21, 2023 |
currentprice: Thank you so much. E make sense die. Abeg Oga CP, help us check watin PZ dey talk for your bedsheet. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by robobo: 3:36pm On Apr 21, 2023 |
Lion123: i like the guy also for his grit and how far he has come despite his background but he should pity shareholders and others who supported him one way or the other and let the largesse trickle down more. |
Re: Nigerian Stock Exchange Market Pick Alerts by OBAGADAFFI: 10:11pm On Apr 21, 2023 |
emmanuelewumi: Yes, but registering your company and filling your tax through Salaries is the best way to handle this situation. |
Re: Nigerian Stock Exchange Market Pick Alerts by emmanuelewumi(m): 1:29am On Apr 22, 2023 |
OBAGADAFFI: It is registered, they are paid PAYE every month from the workers I think the direct assessment from LIRS which I pay once in a year is cheaper for me |
Re: Nigerian Stock Exchange Market Pick Alerts by OBAGADAFFI: 9:42am On Apr 22, 2023 |
emmanuelewumi:I don't like the direct assessment, because it is at discretion of the LIRS. As a business owner, you should also be on the payroll Filling your PAYE through your company payroll is cheaper and convenient. |
Re: Nigerian Stock Exchange Market Pick Alerts by emmanuelewumi(m): 1:11pm On Apr 22, 2023 |
OBAGADAFFI: How can I be on 3 payrolls. The direct assessment is cheaper for me. |
Re: Nigerian Stock Exchange Market Pick Alerts by Agbalowomeri: 7:05pm On Apr 22, 2023 |
emmanuelewumi: Oga Emma you fit add me join one payroll let me relief you the burden 4 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by Mpeace(m): 7:07pm On Apr 22, 2023 |
This transcorp issue don't look like ending soon. I heard ote$ increased his stake within the week to 6% 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by OBAGADAFFI: 8:15pm On Apr 22, 2023 |
emmanuelewumi: I understand |
Re: Nigerian Stock Exchange Market Pick Alerts by 119mba(m): 9:49pm On Apr 22, 2023 |
The thing weak me! Tony don enter gidigbo be that. They may had deliberately kept Transcorp unattractive at N1:00 all this time and now it's backfiring as somebody with money and with huge interest in Energy sees value and potential hidden in plain sight as well as the opportunity to acquire cheaply considering Geregu price @N300+. https://www.premiumtimesng.com/news/top-news/594625-otedola-raises-stake-in-transcorp-to-6-3-with-additional-share-purchase.html Mpeace: 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by ojeysky(m): 10:11pm On Apr 22, 2023 |
kalkah: Maybe you are not using the app, still not working till date 2 Likes |
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