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Nairaland Forum / Nairaland / General / Investment / Nigerian Stock Exchange Market Pick Alerts (11415143 Views)
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Re: Nigerian Stock Exchange Market Pick Alerts by BabsO2(m): 12:24pm On Apr 12 |
chillykelly86: The book value of ACCESS is overstated as the tier 1 capital taken in USD was stated in 2022 and 2023 AFS under equity in NGN without factoring in devaluation. Because of this understatement and its use of USD tier 1 capital added to equity, which other banks are currently not doing, some of the metrics calculated for the bank can be wrong when computing investment ratios for common shareholders. The Tier 1 Cap has been very useful for its fast expansion program. 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by yMcy56(f): 12:34pm On Apr 12 |
Princkez:Maybe it's insider things yet to be made public..... * Could be due to the removal of electricity subsidy and, the new tariff na something else! * * One thing I know as well is that : with the new shareholding structure, we may be experiencing and seeing a New TRANSCORP, different from the old one we know.. ![]() ** Caveat: Not any form of advice o* ![]() 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by unite4real: 12:39pm On Apr 12 |
yMcy56: i do not think the electricity subsidy removal will increase the income of the DISCOS. they had been over invoicing the govt on the subsidy. Now that customers on band A have to shoulder the responsibilities, they will be more prudent in energy utilizations 4 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by BabsO2(m): 12:44pm On Apr 12 |
unite4real: It will surely rub on the discos as i doubt govt paying any so called subsidy to them promptly. Now they collect their money sharp sharp. Now before any fault or outage occurs na them they run to quickly fix it unlike before - that tells me they are motivated to deliver and surely benefitting better than before. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by yMcy56(f): 12:44pm On Apr 12 |
unite4real:How will it not increase the income of the Discos? Also remember that TRANSCORP is both DISCO and GENCO 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by chillykelly86(m): 12:45pm On Apr 12 |
BabsO2: You may need to shed light on this. If possible, direct us to the page on the Annual report. However, I think tier 1 capital is simply tier 1 capital. The question to ask is: do the other banks you said are not doing so have USD tier 1 capital? What USD tier 1 capital will result in is a fluctuation in equity( closely following fluctuations in exchange rates, to the extent/ratio of the USD tier 1 capital to total equity), not miscalculation. It's equity that will never be paid back, isn't it? |
Re: Nigerian Stock Exchange Market Pick Alerts by chillykelly86(m): 12:50pm On Apr 12 |
BabsO2: The bolded is confusing. Between 2022 and 2023, due to the devaluation of naira, any dollar holdings will result in improved valuations in accounts stated in naira. You may need to revisit those sentences so we can get your opinion clearly. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by thebargainhunte: 12:54pm On Apr 12 |
robobo: He has the backing of "Oga on the top", the Forbes list will be bobo juice. #300 is over optimistic, but it is possible Shaa. |
Re: Nigerian Stock Exchange Market Pick Alerts by KarlTom: 12:55pm On Apr 12 |
TRANSCORP is the main GenCo and holds a 60% stake of AEDC (which has the second highest number of metered customers)... ![]() yMcy56: 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by unite4real: 1:02pm On Apr 12 |
yMcy56: before now, band A customers pay N68/kwh, total payable should be around N240. the difference of almost N170 is a burden of subsidy by the govt. So many areas were marked to be enjoying 20-24hrs supply by the DISCOS when some actually dont have light up to 10 hours a day. I think the govt also trying to prove to the discos that they have been over invoicing. Now the total supply for each day are being published by the DISCOS on their website as mandated by NERC. this will help in the tariff reviews which will happen every 2 months. If you have observed, the DISCOS have been concentrating more power on the the Band A customers while the others have been denied what they usually enjoy in terms of hours. They cannot afford to loose band A customers by stepping them down to band B. I also suspect that following their inefficiencies, the govt may attempt to use that as an excuse to take over the discos and re-align them 2 Likes 1 Share |
Re: Nigerian Stock Exchange Market Pick Alerts by thebargainhunte: 1:07pm On Apr 12 |
BabsO2:He hinted about dividend in that AGM. He won't fail cos people will judge his uncle with his action. |
Re: Nigerian Stock Exchange Market Pick Alerts by BabsO2(m): 1:07pm On Apr 12 |
chillykelly86: Look at the Consolidated statement of Financial Position and the note 38 of the AFS. You should be able to spot it. Seems I cannot paste an attached picture at the moment. One need to understand the make up of Total Equity for banks 1. Common Shareholders 2. Additional Tier 1 Capital, In FUGAZ additional tier 1 is zero for all of them except for Access. |
Re: Nigerian Stock Exchange Market Pick Alerts by BabsO2(m): 1:19pm On Apr 12 |
chillykelly86: Look at page 57 the line item for Additional Tier 1 Capital Look at page 204 note c(ii) The AFS has no misstatement. But the computation of BVPS of N70 is a misstatement. As that is not net assets a common NGX shareholder is entitled to. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by ogoo4real: 1:20pm On Apr 12 |
GTCO on full offer!!! And is seriously dragging Zenith down with it. The market always has its own ways of doing things... |
Re: Nigerian Stock Exchange Market Pick Alerts by Odunharry(m): 1:29pm On Apr 12 |
Following |
Re: Nigerian Stock Exchange Market Pick Alerts by KarlTom: 1:30pm On Apr 12 |
GTCO AGM May 9, 2024 Closure of Register. April 29, 2024 Dividend payment. May 9, 2024 That the issued share capital of the Company be and is hereby increased from ₦14,715,589,612.00 to ₦22,215,589,612.00 ![]() ![]() https://doclib.ngxgroup.com/Financial_NewsDocs/40890_GUARANTY_TRUST_HOLDING_COMPANY_PLC-_NOTICES_OF_ANNUAL_GENERAL_MEETING_(AGM)_-__ANNUAL_GENERAL_MEETING_(AGM)_APRIL_2024.pdf |
Re: Nigerian Stock Exchange Market Pick Alerts by unite4real: 1:40pm On Apr 12 |
KarlTom: from the dividend, then this one. chai!!! |
Re: Nigerian Stock Exchange Market Pick Alerts by ositadima1(m): 1:45pm On Apr 12 |
KarlTom: Zagee: Do you understand now? 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by Zagee: 1:56pm On Apr 12 |
ositadima1: Oowww!!! Classic share dilution.. |
Re: Nigerian Stock Exchange Market Pick Alerts by Zagee: 1:58pm On Apr 12 |
unite4real: What better time to do it?? |
Re: Nigerian Stock Exchange Market Pick Alerts by olujaidi: 2:03pm On Apr 12 |
ositadima1: Whats the purpose? to raise capital? So what are the implications? Is this likely to repeat itself in other banks? |
Re: Nigerian Stock Exchange Market Pick Alerts by SonofElElyonRet: 2:05pm On Apr 12 |
Re: Nigerian Stock Exchange Market Pick Alerts by Zagee: 2:11pm On Apr 12 |
SonofElElyonRet: It's been in the purview since their last memo. The koko is at what price? ![]() |
Re: Nigerian Stock Exchange Market Pick Alerts by ositadima1(m): 2:11pm On Apr 12 |
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Re: Nigerian Stock Exchange Market Pick Alerts by Zagee: 2:20pm On Apr 12 |
ositadima1: I think it's not all gloom and doom, but it depends on what metrics you're viewing it from. In the voice of bulaba: "these are baby steps of pain" "I wish there was any other way, but there's none".. |
Re: Nigerian Stock Exchange Market Pick Alerts by ositadima1(m): 2:44pm On Apr 12 |
Zagee: "Increase authorized share capital: The company proposes to increase its authorized share capital from ₦14.7 billion to ₦22.2 billion by creating 15 billion new ordinary shares." Effectively, the OS moved from 29 billion to 44 billion. Remember that the fantastic profit after tax (PAT) recorded in 2023 resulted in earnings per share (EPS) of 18, up from 5.95 in 2022, but this may not be sustainable. Assuming GTCO maintains the same PAT, the EPS would drop from 18 to 12, which I think would have a significant effect on current shareholders. This is not conclusive, I am just thinking aloud o. ![]() |
Re: Nigerian Stock Exchange Market Pick Alerts by Zagee: 3:02pm On Apr 12 |
ositadima1: Long-termers will elucidate further. As for me and my house, we are at peace. |
Re: Nigerian Stock Exchange Market Pick Alerts by WestPB: 3:39pm On Apr 12 |
yMcy56: Please, how do you get to know that particular deal was done off market, after all it was available on the trade deal list of GTCO |
Re: Nigerian Stock Exchange Market Pick Alerts by emmaodet: 6:31pm On Apr 12 |
yMcy56: Madam Mercy, please how do you identify a cross deal |
Re: Nigerian Stock Exchange Market Pick Alerts by Streetinvestor2: 6:53pm On Apr 12 |
ositadima1:The os will move from 29 billion to 44 billion. And the money raised with the new os will not generate revenue and new eps why will the bank maintain the same PAT with injection of new fund into the business. Some of this analysis paralysis dey tiya me.As a business man, you look for more money with money. It is simple new os, new revenue,new PAT and new eps simple |
Re: Nigerian Stock Exchange Market Pick Alerts by ositadima1(m): 7:01pm On Apr 12 |
Streetinvestor2: Based on my understanding, the Central Bank of Nigeria (CBN) wants banks to have huge reserves of a specific kind in order to be able to absorb shocks if any were to happen. If this raised fund is to satisfy the CBN's request, then know that the fund will not contribute much to the growth of the bank. |
Re: Nigerian Stock Exchange Market Pick Alerts by Locotrader(m): 7:04pm On Apr 12 |
Streetinvestor2: Right issue means dilution. 44B os.May God help Gtb to generate more revenue in this 2024.if not, eps will reduce drastically and interim dividend may not take place as usual.Banks share prices will peak during these fund raising exercise, next is OYO.Dividend payments at the mercy of CBN.i see huge declines in 2024 financial end for banks but other battered sectors will be recuperating by year end..... 2 Likes |
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