Please o how do I go about it...I mean how buy it ?

Buy NASCON and Access Bank for a likely 50% ROI before January.[/quote]

designking:


Buy NASCON and Access Bank for a likely 50% ROI before January.

How do i go about it please help a novice

crownprince2017:


I will remind you of this post when the time is right..

Mr time will put everything in proper position in OGG voice.

No vex if my post came out the wrong way.Then be specific what you intend to remind in future

If it will be based on the stock price appreciation. That won't come to me as surprise. Thr is hunger. in nigeria now.People no longer come here to invest rather to play kalo kalo.People now buy anything hoping for appreciation even if it is called STOCK FISH.Na sentiments/gamble dey happen this days.look at my abc/Tantalizer doing 100%/50% for no obvious reason. Many young guys into crypto,forex and dollar speculation businesses have moved to nse because those ones are no longer of fire like before. So elleh lake can equally do 100% and above when japaul can do it.
Pls don't take my post personal

bovali:

Valuation of Access Bank’s Stock: A Comprehensive Analysis Using 10 Methods

In this post, I analyze the potential stock price of Access Bank, a major player in Nigeria’s banking industry, using 10 different valuation methods. For each method, I present a worst, base, and best-case scenario. This approach provides a well-rounded view of the stock’s valuation under various market conditions.

1. Price-to-Earnings (P/E) Ratio

The P/E ratio compares the current share price to the company’s earnings per share (EPS). With an EPS of ₦7.61, I applied three different P/E multiples to arrive at potential price ranges.

• Worst Case (P/E = 4x): ₦30.44
• Base Case (P/E = 8x): ₦60.88
• Best Case (P/E = 12x): ₦91.32

2. Price-to-Book (P/B) Ratio

This method values the stock based on the net asset value of the company. It provides insights into how the market values the bank’s equity in relation to its actual assets.

• Worst Case (P/B = 0.8x): ₦63.86
• Base Case (P/B = 1.2x): ₦95.79
• Best Case (P/B = 1.6x): ₦127.72

3. Discounted Cash Flow (DCF) Model

The DCF model estimates the present value of the company’s future cash flows. This is one of the most comprehensive methods, often used for long-term valuations.

• Worst Case: ₦28.00
• Base Case: ₦65.00
• Best Case: ₦105.00

4. Dividend Discount Model (DDM)

The DDM values a stock based on the present value of future dividend payments. This method is particularly useful for dividend-paying companies like Access Bank.

• Worst Case: ₦22.00
• Base Case: ₦50.00
• Best Case: ₦75.00

5. Asset-Based Valuation

In this method, I assess the value of the stock based on the company’s net assets (assets minus liabilities). This provides a conservative view of the stock price.

• Worst Case: ₦35.00
• Base Case: ₦60.00
• Best Case: ₦80.00

6. Earnings Growth Model

This approach forecasts the company’s future earnings and applies a multiple based on growth expectations.

• Worst Case: ₦25.00
• Base Case: ₦55.00
• Best Case: ₦85.00

7. Price-to-Sales (P/S) Ratio

The P/S ratio compares the stock price to the company’s revenue per share. It’s useful when earnings are volatile or when valuing early-stage companies.

• Worst Case: ₦12.94
• Base Case: ₦32.34
• Best Case: ₦51.74

8. Enterprise Value-to-EBITDA (EV/EBITDA)

This method looks at the company’s enterprise value relative to its earnings before interest, taxes, depreciation, and amortization (EBITDA).

• Worst Case: ₦30.00
• Base Case: ₦65.00
• Best Case: ₦100.00

9. Relative Valuation (Comparables)

Relative valuation compares Access Bank’s valuation multiples (like P/E and P/B) to its peers in the Nigerian banking sector. This method provides context by assessing how Access Bank compares to competitors.

• Worst Case: ₦27.00
• Base Case: ₦58.00
• Best Case: ₦90.00

10. Economic Value Added (EVA)

EVA measures the company’s ability to generate returns above its cost of capital. This is a good indicator of the company’s profitability and long-term value creation.

• Worst Case: ₦32.00
• Base Case: ₦55.00
• Best Case: ₦90.00

Summary:

To provide a concise summary, I calculate the average share price across the 10 valuation methods for the worst, base, and best-case scenarios:

• Worst Case Average: ₦30.73
• Base Case Average: ₦59.90
• Best Case Average: ₦88.88

The current stock price of Access Holdings PLC (ACCESSCORP) as of September 20, 2024, is ₦19.00 per share, following a 3.06% decline from the previous day. Over the past year, the stock has ranged from a low of ₦15.45 (September 28, 2023) to a high of ₦30.70 (January 18, 2024). This price trend reflects some volatility, with the stock trading closer to the lower end of its annual range recently. I expect another low to high cycle this September to January period again.

Given this context, the stock is currently trading well below the upper bounds projected in the best-case valuation but aligns more closely with some of the base-case valuations derived from the methods I used earlier. This highlights that the stock might have more growth potential if conditions improve, but it is still trading near recent lows.
Not financial advice. DYOR

You’ve done such a meticulous job here.
You just reminded me of the halllmark of what this forum was all about years back - a treasure bank of invaluable knowledge and information.
Though you didn’t state it in item 2, I can deduce from the other figures you supplied that you arrived at a book value per share of N79.825 for Access Bank.
Can you confirm you used DCF model?
I haven’t done the calculation; just a quick check question.
Keep up the good work.

NNPC, NLNG, BoA, 11 others prepare for listing at stock market

https://thenationonlineng.net/nnpc-nlng-boa-11-others-prepare-for-listing-at-stock-market/

Greater days ahead....

4willer:
NNPC, NLNG, BoA, 11 others prepare for listing at stock market

https://thenationonlineng.net/nnpc-nlng-boa-11-others-prepare-for-listing-at-stock-market/

Greater days ahead....

This is just a dream.

OakPearl:


You’ve done such a meticulous job here.
You just reminded me of the halllmark of what this forum was all about years back - a treasure bank of invaluable knowledge and information.
.

God bless you real good.You just said it all.This days it is a place to occupy your free time

Raider76:


This is just a dream.

Dreams do come true.

Ding

Ding !!

REGALINS is back.

On Proper Full Bid

Hearing it will be a good week for FMN. Those that jumped into Honey, what I’m hearing is that the there is a take over offer @#4.20 on the stock by the majority shareholder, this has been public information for a while. So the activity around the stock is not justified and the stock is currently trading higher than that level

It looks fidelity want to give access a run for thr money with equivalent interim dividend or even more.Thr is insider information pushing that stock

KarlTom:
REGALINS is back.

On Proper Full Bid

Expectedly expected. My sweet regal

Na UNITY BANK be the next on the radar

4willer:
NNPC, NLNG, BoA, 11 others prepare for listing at stock market

https://thenationonlineng.net/nnpc-nlng-boa-11-others-prepare-for-listing-at-stock-market/

Greater days ahead....

I'm looking forward to NNPC listing

Harvestock01:


Dreams do come true.

Some Dreams

Investors Sell Off Nigerian Bonds Over Good Governance Concerns Amid High Yields

https://nairametrics.com/2024/09/22/investors-sell-off-nigerian-bonds-over-good-governance-concerns-amid-high-yields-report/

https://dailytrust.com/petrol-is-n52-litre-in-libya/#:~:text=Libya

Petrol Is ₦52/Litre In Libya

Sunrisepebble:
Hearing it will be a good week for FMN. Those that jumped into Honey, what I’m hearing is that the there is a take over offer @#4.20 on the stock by the majority shareholder, this has been public information for a while. So the activity around the stock is not justified and the stock is currently trading higher than that level

I think there's a difference between buyout and merger here.
Both will take different dimensions.

As for the take over you mentioned, it was actually buyout of majority shareholders at price N4.20 around 2021/2022 or so.
This involves FMN buying out Honeywell majority shareholders at premium price of N4.20 when Oba Otudeko was left with no choice than to sell Honeywell.

Now if it's merger, I personally don't see the price coming at same N4.20...
There's the need for us to know what FMN actually planned to do with Honeywell......

I think merger looks more like it......with Honeywell shareholders getting FMN shares in
share conversion ratio....

Someone mentioned ratio 10:1 or 9:1
You also mentioned delisting and relisting

Let's see how FMN handles this Honeywell issue......hope it's sooner.

Sunrisepebble:
Hearing it will be a good week for FMN. Those that jumped into Honey, what I’m hearing is that the there is a take over offer @#4.20 on the stock by the majority shareholder, this has been public information for a while. So the activity around the stock is not justified and the stock is currently trading higher than that level

So like this now, people that bought above #5 don enter DS/NS situation ni

PLAN YOUR TRADES AND TRADE YOUR PLANS

Xidget:
So like this now, people that bought above #5 don enter DS/NS situation ni

Caverton people Una dey enjoy o

yMcy56:

I think there's a difference between buyout and

merger here.
Both will take different dimensions.

As for the take over you mentioned, it was actually buyout of majority shareholders at price N4.20 around 2021/2022 or so.
This involves FMN buying out Honeywell majority shareholders at premium price of N4.20 when Oba Otudeko was left with no choice than to sell Honeywell.

Now if it's merger, I personally don't see the price coming at same N4.20...
There's the need for us to know what FMN actually planned to do with Honeywell......

I think merger looks more like it......with Honeywell shareholders getting FMN shares in
share conversion ratio....

Someone mentioned ratio 10:1 or 9:1
You also mentioned delisting and relisting

Let's see how FMN handles this Honeywell issue......hope it's sooner.

Your line of thinking looks more logical. That's why I am confused with the talk of delisting of both FMN and Honeywell and what that can achieve.

ELLAHLAKES now on full bid....we move

Raider76:
Your line of thinking looks more logical. That's why I am confused with the talk of delisting of both FMN and Honeywell and what that can achieve.

Even if it's buyout, I don't expect FMN to buy the remaining shareholders out at N4.20 nor do I expect the minority shareholders to accept N4.20 considering Naira devaluation and all those stuff..... EXCEPT FMN just planned to cheat on remaining shareholders.

If he talks about delisting of FMN and Honeywell, then the only thing that can come to mind is MERGER.

Think we should wait for official announcement and the scheme of arrangement documents to be able to have clearer pictures.

Caverton is going the way of Juli Plc. The share price growth will do over 200% ROI before cooling down.

MPC set to hold its fifth meeting of the year 23rd and 24th September 2024

Someone mentioned WEMA last week

Currently on Full Bid

ETERNA on Full Offer
OandO has shed 4.73%

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.

KarlTom:
Someone mentioned WEMA last week

Currently on Full Bid

Somebody should mention Jaizbank too oo

las, las; everybody go dey alright. Whether na gambling or kalo kalo