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Re: Nigerian Stock Exchange Market Pick Alerts by 1kinggy(m): 5:57pm On Sep 23, 2023 |
BAMOFIN1: Irrespective of the broker you find with a low fee, you can continue to use your access to MC to monitor trade activities . |
Re: Nigerian Stock Exchange Market Pick Alerts by sky2891: 8:06pm On Sep 23, 2023 |
Copied: *Summary* Total Comprehensive Income for UBA as at June 2023 stood at *821.03B* (Page 28 ) while Access Bank was *N556.78B* (Page 4) UBA total OCI comprises Profit After Tax of 378B + and Other Comprehensive Income of 442.8 making the bulk sum of *N821.03B* while Access has Profit After Tax of 135.4B plus OCI item of 421.3B making total Comprehensive Income of *N556.78B* Also Access Bank too reported FX gain in the Income Statement but very minimal . Access Bank reported FX Gain of *192.04B* (page 45) while UBA reported *418.2B*(page 28) Access Bank Net FX position was minimal due to their huge exposure to Euro Bonds Issuance while UBA was very positive with the highest FX net position the industry as at 31-12-2022 FX gain was reported in Access Bank profit statement as 192B and was considered in arriving at their Profit Before Tax . In my view , Access Bank result was knocked down due to the high Interest Expense . Last year Interest Expense for June 2022 was *174.8B* for Access Bank while same Expense head for June 2023 jumped to *383B* representing about *118.8%* negative variance . Note that the total expenses payment by Access Bank is higher than FX gain . *UBA* PBT - N403.6B PAT -. N378.2 EPS-. N10.96 Total OCI - N821.03 Interim Div - 0.50k *GTCO* PBT -. N327.3B PAT -. N280.4B EPS- N9.94 Total OCI -. N358.9B Interim Div -N0.50K *Zenith Bank Plc* PBT - N350.3B PAT -. N291.7B EPS-. N9.29 Total OCI -. N494.09B Interim Div- N0.50K *Access Bank Plc* PBT -. N167B PAT -. N135B EPS- N3.74 Total OCI -. N556.78B Interim Div - N0.30k 12 Likes 2 Shares |
Re: Nigerian Stock Exchange Market Pick Alerts by emmanuelewumi(m): 8:24pm On Sep 23, 2023 |
customstreet: Nothing to add jor. Net debt/EBIT < 3.5 5 years compounded equity growth of 8% and above The average 5 years growth rate of Earnings Revenue or sale Equity or shareholders fund Operating Cash Flow Should be 10% and above Net Operating Cash Flow must be higher than the profit after tax. Capex/Sales. 10% or less Capex/ Net Operating cash flow 20% or less Free Cash flow margin 10% and above Earning growth should be at least 50% higher than equity growth. If equity growth is 10%, earning growth should be 15% and above. This will eliminate companies who pay meagre dividends and plough a bigger percentage of their earnings but that didn't produce justified earning and dividend growth. Free cash flow/Dividend 120% and above 11 Likes 5 Shares |
Re: Nigerian Stock Exchange Market Pick Alerts by Mpeace(m): 8:28pm On Sep 23, 2023 |
sky2891:Very nice job you did. 3 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by ogoo4real: 9:02pm On Sep 23, 2023 |
[quote author=sky2891 post=125978261]Copied: *Summary* Total Comprehensive Income for UBA as at June 2023 stood at *821.03B* (Page 28 ) while Access Bank was *N556.78B* (Page 4) UBA total OCI comprises Profit After Tax of 378B + and Other Comprehensive Income of 442.8 making the bulk sum of *N821.03B* while Access has Profit After Tax of 135.4B plus OCI item of 421.3B making total Comprehensive Income of *N556.78B* Also Access Bank too reported FX gain in the Income Statement but very minimal . Access Bank reported FX Gain of *192.04B* (page 45) while UBA reported *418.2B*(page 28) Access Bank Net FX position was minimal due to their huge exposure to Euro Bonds Issuance while UBA was very positive with the highest FX net position the industry as at 31-12-2022 FX gain was reported in Access Bank profit statement as 192B and was considered in arriving at their Profit Before Tax . In my view , Access Bank result was knocked down due to the high Interest Expense . Last year Interest Expense for June 2022 was *174.8B* for Access Bank while same Expense head for June 2023 jumped to *383B* representing about *118.8%* negative variance . Note that the total expenses payment by Access Bank is higher than FX gain . *UBA* PBT - N403.6B PAT -. N378.2 EPS-. N10.96 Total OCI - N821.03 Interim Div - 0.50k *GTCO* PBT -. N327.3B PAT -. N280.4B EPS- N9.94 Total OCI -. N358.9B Interim Div -N0.50K *Zenith Bank Plc* PBT - N350.3B PAT -. N291.7B EPS-. N9.29 Total OCI -. N494.09B Interim Div- N0.50K *Access Bank Plc* PBT -. N167B PAT -. N135B EPS- N3.74 Total OCI -. N556.78B Interim Div - N0.30k With these analysis UBA no suppose dey below Access bank at all. Infact it should be trading above #20 bench mark. 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by Standardguy(m): 10:09pm On Sep 23, 2023 |
Mpeace: Exactly, they did. The FX gain we see there is the normal FX gain we have been used to seeing. Check the company side of the income statement and you will see that the FX revaluation was taken out. Check out the components that skyrocketed other banks FX income and you will see them missing in Access bank income. I guess they took advantage of the recent CBN policy on FX revaluation gain and adjusted according. Remember that they shifted their financial report release date as soon as that CBN policy came out. From my analysis on their income atatement, I can see that they have masked close to a trillion in FX gain. Look deep to see. 7 Likes 2 Shares |
Re: Nigerian Stock Exchange Market Pick Alerts by eziokwunwoko(m): 11:03pm On Sep 23, 2023 |
Good evening Mr customstreet. Please timeline for completion of dangote Foods listing. Any other information will be appreciated. Reply via valentinenwoko@gmail.com. Thanks |
Re: Nigerian Stock Exchange Market Pick Alerts by GreatEko: 12:08am On Sep 24, 2023 |
sky2891: 1. Impairment charges on financial and non-financial instruments JuneY2023 JuneY2022 (₦'million) (₦'million) GTCO (82,962) (3,519) UBA (153,944) (8,330) Zenith (207,925) (25,122) Access ? 2. If you strip out all the FX revaluation gains, which bank did better? 5 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by agbanimu11: 12:31am On Sep 24, 2023 |
Trancorp half year 2023 financial statements is very impressive Eps 9.73
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Re: Nigerian Stock Exchange Market Pick Alerts by agbanimu11: 12:39am On Sep 24, 2023 |
Re: Nigerian Stock Exchange Market Pick Alerts by Mpeace(m): 12:41am On Sep 24, 2023 |
agbanimu11:Not impressive. That is 9kobo not naira. |
Re: Nigerian Stock Exchange Market Pick Alerts by Backpedal: 8:18am On Sep 24, 2023 |
customstreet:Correct |
Re: Nigerian Stock Exchange Market Pick Alerts by jideflash(m): 1:48pm On Sep 24, 2023 |
The minister highlighted the innovative use of 11-inch-thick concrete roads with 20-millimetre reinforcement, which will support local cement manufacturing, boost steel production from Ajaokuta, and utilize Nigeria’s abundant bitumen resources. Huge Revenue for the Cement guys https://nairametrics.com/2023/09/24/fg-awards-lagos-calabar-coastal-highway-to-hitech/ |
Re: Nigerian Stock Exchange Market Pick Alerts by DrAwo(m): 4:22pm On Sep 24, 2023 |
This Week on the Value Nigeria podcast, We have a far-reaching conversation with a behemoth in the finance Industry, Alhaji Kasimu Garba kurfi (MD/ CEO, APT Securities Limited. We discuss his humble origin in Investing, how he and the team built APT into the giant it is today, why blockbusting deals by high networth individuals are done through his firm and how retail investors can Invest profitably. He also goes on to share areas in the market today where opportunities can still be found. We hope both retail & institutional investors learn a thing or two from the wise words of this industry elder. Thanks for listening. https://anchor.fm/value-nigeria/episodes/90--Becoming-an-industry-giant-A-chat-with-Alhaji-Kasimu-Garba-Kurfi-e29mm76 5 Likes 1 Share
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Re: Nigerian Stock Exchange Market Pick Alerts by customstreet: 5:36pm On Sep 24, 2023 |
• As OANDO Plc’s litigation hearing nears, (scheduled for October 10, 2023) it can be observed that investors interest is receding, as the stock traded about 60 million units today losing 9.89% in price, to close at NGN11.85. For me, I still believe that there is nothing Wale Tinubu want to get on this delisting that he can not get. He has hunted the regulators down, more so that one of his own is now in power. In a nutshell, I believe the delisting would still go ahead. Since most company getting delisted have alternatives trading their shares, I mean NASD. I am 70% sure that the company would be delisted. This is my own personal opinion 10 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by eziokwunwoko(m): 6:04pm On Sep 24, 2023 |
Good evening sir |
Re: Nigerian Stock Exchange Market Pick Alerts by eziokwunwoko(m): 6:06pm On Sep 24, 2023 |
Good evening sir. Any updates on Dangote Foods plc. @ valentinenwoko@gmail.com. customstreet: |
Re: Nigerian Stock Exchange Market Pick Alerts by customstreet: 7:08pm On Sep 24, 2023 |
eziokwunwoko: I dont have information yet my brother. But third quarter results would give you clue 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by yMcy56(f): 7:29pm On Sep 24, 2023 |
agbanimu11:Wasn't Q2 done and dusted? This result came out since July and it's Q3 we are expecting, which won't be ready until anytime after September. .....and yes, it was an impressive and improved result. We expected a much better Q3 result....all things being equal. The other link you posted also was for 2022 .....any reason for posting outdated result? |
Re: Nigerian Stock Exchange Market Pick Alerts by chinonsobest: 9:12pm On Sep 24, 2023 |
customstreet: I still don't understand why the court ordered AGM has not been organized as the court date is fast approaching. The volume of share traded in this stock since last week got me thinking. Do you think the minority investor are changing their mind and would want to withdraw the case on 10th Oct.? |
Re: Nigerian Stock Exchange Market Pick Alerts by Streetinvestor2: 9:16pm On Sep 24, 2023 |
customstreet:I laugh in French when some people think is some yeye 14 minority shareholders that are gunning for delisting. Wale abeg make you pity some of us that bought at high price long ago..I remember Mr nwosu pleading on behalf of shareholders in conoil agm to the management not to tow the part of its peers in the industry delisting |
Re: Nigerian Stock Exchange Market Pick Alerts by ogoo4real: 9:50pm On Sep 24, 2023 |
How I wish one can decide which way the mkt will go. But nevertheless tomorrow is most likely going to be like this... Access bank vs UBA = Bears vs Bull |
Re: Nigerian Stock Exchange Market Pick Alerts by BabsO2(m): 10:38pm On Sep 24, 2023 |
customstreet: Aaaah. A key benefit of delisting is the freedom for the company to focus on investing for the long run without the pressures (& wranglings over poor/bad management) from some strong shareholders to deliver substantial profits in the short term. This delisting does not augur well for Shareholders who participated in all the various offers (rights & PO) at higher prices, injecting more valuable naira in years past, only to be given a highly devalued N7.07 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by Popson92: 4:31am On Sep 25, 2023 |
Hello House Please, which website can I use to see the trends in prices and volume of stocks? 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by sky2891: 5:41am On Sep 25, 2023 |
customstreet: https://ngxgroup.com/ngx-download/rules-for-delisting-of-equity-securities-from-the-daily-official-list-of-the-exchange/ Please what do you think of Rule 1.11 ? That's if the delisting pulls through. Secondly, TA is predicting something different from yours. One must be wrong or may be delisting price maybe enhanced. What do you think please? Anyway, It must be clarified in less than 12 working days. |
Re: Nigerian Stock Exchange Market Pick Alerts by PETERiCHY(m): 6:36am On Sep 25, 2023 |
ogoo4real: Imagine selling UBA @#30 to buy ACCESS @#10. Too much imagination will not kill me 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by essentialone(m): 7:01am On Sep 25, 2023 |
Court awarded Honeywell N72.2 billion damages against Ecobank, and then Ecobank appealed Honeywell’s N72.2bn court judgement. Any latest update on it? |
Re: Nigerian Stock Exchange Market Pick Alerts by essentialone(m): 7:04am On Sep 25, 2023 |
Maybe this week, we will hear again from our Oando analysts. They have been largely silent since the stock dropped from N14.60 to N11.85. Well the good news is that it cannot drop below N7.07 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by ogoo4real: 7:56am On Sep 25, 2023 |
PETERiCHY: 😀😃😄 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by vacanci: 8:03am On Sep 25, 2023 |
essentialone: from 16.00 actually. guys picked a lot at that price |
Re: Nigerian Stock Exchange Market Pick Alerts by Ginalex(f): 8:11am On Sep 25, 2023 |
essentialone: |
Re: Nigerian Stock Exchange Market Pick Alerts by austinkenneth: 8:39am On Sep 25, 2023 |
ogoo4real: Some people will be waiting to pick up ACCESS lower. The company seems to be doing some underreporting. 6 Likes |
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