emmanuelewumi:


Don't ignore the mail, but don't send your BVN.

Mail Apel Registrar that your BVN is linked to your dividend account and other companies had paid dividends into the account and copy SEC, NSE, CBN and your bank head office .

emmanuelewumi:


Do a Google search for SEC postpones Oando's AGM. The AGM was initially slated for 2nd August but was postponed to September because SEC investigation. At the conclusion of the investigation SEC postponed it till further notice.

Check proshare the news is less than 12 hours now. I shared the information about 1 hour after proshare posted it.

emmanuelewumi:


Don't ignore the mail, but don't send your BVN.

Mail Apel Registrar that your BVN is linked to your dividend account and other companies had paid dividends into the account and copy SEC, NSE, CBN and your bank head office .

Thanks a lot

emmanuelewumi:


Don't ignore the mail, but don't send your BVN.

Mail Apel Registrar that your BVN is linked to your dividend account and other companies had paid dividends into the account and copy SEC, NSE, CBN and your bank head office .

Thanks

Chibuking81:


Please can someone explain to me why the earning of GTB/Stanbic bank with their current price has a big difference when compared with Zenith, Access and UBA.

The first is high in their stock price but small in its earning, while the later are small in their price but high in their earning when compare with the price of GTB/ Stanbic .


Please I need an explanation.

I hope one can rightly say that the first set are in their fair price region, while the others are in their undervalued region.

Fundamentals is not about eps only.
There are other variables that investors look for in a company.
What places Gtb above Other banks is their efficiency.
Check out return on equity, return on assets, cost to income ratio,interest expenses and so on and so forth.

I did a comparative analysis of the five big banks and what I found was very revealing.Here is one of what I found :
Gtb has the lowest personnel expenses among the group,about half of the other. Gtb 16.36b: access 27.74b: uba 33.95b: zenith 36.21b: fbn 42.0b as at H1 and yet gtb has the highest PAT.

And one other thing that is going for them is their consistency.They have built a reputation over time and this has generated a positive sentiment for them.

In my own opinion, the premium is justified and this will likely continue for many more years.
There is no point arguing with Mr market on pricing,the best approach is to align ourselves with the direction that Mr market provides.

Chibuking81:


Please can someone explain to me why the earning of GTB/Stanbic bank with their current price has a big difference when compared with Zenith, Access and UBA.

The first is high in their stock price but small in its earning, while the later are small in their price but high in their earning when compare with the price of GTB/ Stanbic .


Please I need an explanation.

I hope one can rightly say that the first set are in their fair price region, while the others are in their undervalued region.

Mkt Sentiment and investor perception of a coy makes the difference.

(modified out when the oando story changed)

holm:


It's about the ROE(Return on Equity). The market places very high premium on stocks that have high ROE(relative to the peers). Nestle and Gtb are clear examples. Those 2 stocks have commanded higher prices since FOREVER.

I believe that GTB has higher Return on Equity with a little percent ahead of Zenith, Access and UBA when calculating with EPS, But GTB current price per a share is very high when compared with other 3 banks, almost times two.

That's why I personal view both GTB as been in their fair price region, while the other three banks are still at their undervalue region.

Then I can also view Nestle and Stanbic as been overvalued.

Chibuking81:
2017 Half year EPS
1. GTB 2.96
2. Zenith 2.40
3. Access 1.38
4. UBA 1.21

Current price of UBA and Access times 3 is not up to the current price of GTB and Stanbic bank, while their EPS time 3 are far above GTB and Stanbic. I thought their earning capacity determine a companies fundamentals.

1. GTB #40.40 (EPS 2.96)
2. Stanbic #40 ( not upto GTB)
3. Zenith #23.10 ( EPS 2.40) (23.10 x 1.749 = 40.4019) (EPS 2.40 X 1.749 = 4.1976)
4. Access #10.15 ( EPS 1.38) (10.15 X 3.98 = 40.397) (EPS 1.38 X 3.98 = 5.494)
5. UBA #9.70 (EPS 1.21) (9.70 X 4.165 = 40.4005) (EPS 1.21 X 4.165 = 5.03965)

With 4.04 million naira one can buy as follow;
1. GTB 100,000 Units of share
2. Zenith, about 174,900 units of share
3. Access 398,000 units of share
4. UBA, about 416,500 units of share

Then goes by their current interim dividend, let's judge with their current closing price
1. GTB .30X 100,000 = #30,000
2. Zenith .25x 174900 = #43,725
3. Access .25 x 398,000 = #99500
4. UBA .20 X 416,500 = #83,300

My question here is, which of them gave the investor the highest Earning Return, in his or her invested #4.04 million?

Ko

Chibuking81:


With 4.04 million naira one can buy as follow;
1. GTB 100,000 Units of share
2. Zenith, about 174,900 units of share
3. Access 398,000 units of share
4. UBA, about 416,500 units of share

Then goes by their current interim dividend, let's judge with their current closing price
1. GTB .30X 100,000 = #30,000
2. Zenith .25x 174900 = #43,725
3. Access .25 x 398,000 = #99500
4. UBA .20 X 416,500 = #83,300

My question here is, which of them gave the investor the highest Earning Return, in his or her invested #4.04 million?

Are you a lawyer these questions are many. It is not right to use wthe interim dividend paid to judge.

GTB paid a total dividend of N2 last year, Zenith N2.02, Access N0.60, UBA N0.75

emmanuelewumi:
Ko

Are you a lawyer these questions are many. It is not right to use wthe interim dividend paid to judge.

GTB paid a total dividend of N2 last year, Zenith N2.02, Access N0.60, UBA N0.75

OK, if they repeat the payment of last year based on their current price

1. GTB (1.75 + .25 interim = 2) 2 X 100,000 = #200,000
2. Zenith (1.77 + .25 interim = 2.02 ) 2.02 x 174,900 = #353,298
3. Access (.40 + .25 interim = .65) .65 x 398,000 = #258700
4. UBA (.55 + .20 interim = .75) .75 X 416,500 = #312,375

Chibuking81:


OK, if they repeat the payment of last year based on their current price

1. GTB (1.75 + .25 interim = 2) 2 X 100,000 = #200,000
2. Zenith (1.77 + .25 interim = 2.02 ) 2.02 x 174,900 = #353,298
3. Access (.40 + .30 interim = .70) .70 x 398,000 = #278,600
4. UBA (.55 + .20 interim = .75) .75 X 416,500 = #312,375

I am impressed with the way you are playing around numbers to analyse and understand the basis for current pricing of the banks shares...This is part of what is expected of an investor.

On the strength of your analysis, investing N4m seems better in UBA than others because it produced the highest dividend income... However, you and I know it's not sufficient to price their shares solely on this. There are other non-quantitative factors considered by investors chief among which is management efficiency in creating earnings at minimal cost and quality of corporate governance. GTB possess these two qualities. That is why it's regarded as a premium stock and the likes of zenith et al will continue to trail it.

Coolcash1:


I am impressed with the way you are playing around numbers to analyse and understand the basis for current pricing of the banks shares...This is part of what is expected of an investor.

On the strength of your analysis, investing N4m seems better in UBA than others because it produced the highest dividend income... However, you and I know it's not sufficient to price their shares solely on this. There are other non-quantitative factors considered by investors chief among which is management efficiency in creating earnings at minimal cost and quality of corporate governance. GTB possess these two qualities. That is why it's regarded as a premium stock and the likes of zenith et al will continue to trail it.

I always go for what will make me pay my bills on time....

DeRuggedProf:


I always go for what will make me pay my bills on time....

Abi o...At the end, It depends on individual's investment objective...

Chibuking81:


OK, if they repeat the payment of last year based on their current price

1. GTB (1.75 + .25 interim = 2) 2 X 100,000 = #200,000
2. Zenith (1.77 + .25 interim = 2.02 ) 2.02 x 174,900 = #353,298
3. Access (.40 + .25 interim = .65) .65 x 398,000 = #258700
4. UBA (.55 + .20 interim = .75) .75 X 416,500 = #312,375

Chai, see life. Nobody mentions the ELEPHANT in the big league any longer. There is this adage which says that when a big problem floors the elephant, even ANTS will crawl on its body. Well, na so life be.

Happy weekend to you all.

Chibuking81:


OK, if they repeat the payment of last year based on their current price

1. GTB (1.75 + .25 interim = 2) 2 X 100,000 = #200,000
2. Zenith (1.77 + .25 interim = 2.02 ) 2.02 x 174,900 = #353,298
3. Access (.40 + .25 interim = .65) .65 x 398,000 = #258700
4. UBA (.55 + .20 interim = .75) .75 X 416,500 = #312,375

In every stock pricing, risk assessment is also involved. Risk assessment of the above named stock differs which also reflects in its prices. What will you say of stanbic if you must only calculate as above?

Chibuking81:


OK, if they repeat the payment of last year based on their current price

1. GTB (1.75 + .25 interim = 2) 2 X 100,000 = #200,000
2. Zenith (1.77 + .25 interim = 2.02 ) 2.02 x 174,900 = #353,298
3. Access (.40 + .25 interim = .65) .65 x 398,000 = #258700
4. UBA (.55 + .20 interim = .75) .75 X 416,500 = #312,375

The best approach is to define our investment objectives.
In terms of dividend yield and p/e, gtb is definitely lagging behind.
I personally like companies with high dividend yield and low p/e but the point is there are others out there who would look at some other variables in picking stocks.
Whatever works best for us, we should stick with it.

emmanuelewumi:


Please educate me, what is the equity? What is the equity on per share basis.

Can you restate your question? I don't understand it, at all.

jamace:


Chai, see life. Nobody mentions the ELEPHANT in the big league any longer. There is this adage which says that when a big problem floors the elephant, even ANTS will crawl on its body. Well, na so life be.

Happy weekend to you all.

The elephant is sick now. We wish her a quick recovery

jamace:


Chai, see life. Nobody mentions the ELEPHANT in the big league any longer. There is this adage which says that when a big problem floors the elephant, even ANTS will crawl on its body. Well, na so life be.

Happy weekend to you all.

FBNH EPs Q1 2017

Kingchuks:
I don't expect any improvement in the market next week. It may even dip more. Muslim faithful needs money to celebrate salad and Thursday and Friday will be announced public holidays.

Sir, you should correct the typo...it is Salah not Salad..lol.

Wishing us all the best of weekend and fruitful new month ahead!

Is it possible for FBNH to pay up to 60 kobo in this 2017 final year dividend, against 20 kobo they declared in 2016 final?

Chibuking81:
Is it possible for FBNH to pay up to 60 kobo in this 2017 final year dividend, against 20 kobo they declared in 2016 final?

Don't expect more than 25k...

Our 40th AGM Not Suspended or Postponed by SEC—Oando Plc
https://www.businesspost.ng/2017/08/26/40th-agm-not-suspended-postponed-sec-oando-plc/

dipoolowoo:
Our 40th AGM Not Suspended or Postponed by SEC—Oando Plc
https://www.businesspost.ng/2017/08/26/40th-agm-not-suspended-postponed-sec-oando-plc/

Oga tritri and oga emma come read o, i told you oando can go down but the back can't .

ihedioramma:
Oga tritri and oga emma come read o, i told you oando can go down but the back can't .

We shall get the true picture before next week . The petition that led to SEC investigation was written by 2 big time foreign investors.

The Mafia can do anything to cover their tracks. I wrote an article about Oando in 2012 to SEC, NSE , all the media houses in Nigeria including Sahara reporters and Proshare but non of them published it except stockmarketnigeria and nairaland. Because the media houses don't want to lose juicy adverts from Oando.
You can google" corporate mis-governance and management recklessness" by Emmanuel EWUMI.
By November 2012 I sold all my Oando's share of almost 250k units for between N21 and N24.

@emmanuelewumi

I know for sure more secret will be out soon. OANDO try's there best anytym to intimidate media house and bloggers with lawsuit reason why most media house don't report abt them...i just regret am inside the bus at this time..

emmanuelewumi:



We shall get the true picture before next week . The petition that led to SEC investigation was written by 2 big time foreign investors.

The Mafia can do anything to cover their tracks. I wrote an article about Oando in 2012 to SEC, NSE , all the media houses in Nigeria including Sahara reporters and Proshare but non of them published it except stockmarketnigeria and nairaland. Because the media houses don't want to lose juicy adverts from Oando.
You can google" corporate mis-governance and management recklessness" by Emmanuel EWUMI.
By November 2012 I sold all my Oando's share of almost 250k units for between N21 and N24.

what did they do at that time sir and price you bought befor you sold at #21 and #24 ? . In as apc is in power i don't think that bola will go out if he did not want . Oando is good for jijo and lnvestment below #5 .

Tritri:
@emmanuelewumi

I know for sure more secret will be out soon. OANDO try's there best anytym to intimidate media house and bloggers with lawsuit reason why most media house don't report abt them...i just regret am inside the bus at this time..

Every time you regret (example's zenith bank and ucap) i never regret buying any stock but more wisdom . For now i can't buy oando more than the price it is now and can't sell because of bad news, bad management e.t.c after work .............

Oga emma can you remember the year you said this ? with what you are telling me is it 100% truth ? >.Had a long hard meeting with my Oga
this morning on OANDO...we finally
decided to dump almost 5Million units
of OANDO.. I was even told that OANDO
commissioned a couple of brokers to
announce that they will be mopping
up rights from those that want to sell
theirs at N12.20k.....even that is not
working... from all indications, this coy is
doomed for a takeover or for the
present managers to leave the seats
they currently occupy on the
management of this coy or lastly for
bankrupcy (God forbid sha

I was with a 72 years investor yesterday. The man has over 40yrs experience in the stock market. He said he would rather invest in a bad company that has good managers than in a good company that has bad managers.

Oando was a good company prior to 2001 or in the days of Unipetrol.

Sooner than later bad managers will turn a good company to a bad one.

emmanuelewumi:
I was with a 72 years investor yesterday. The man has over 40yrs experience in the stock market. He said he would rather invest in a bad company that has good managers than in a good company that has bad managers.

Oando was a good company prior to 2001 or in the days of Unipetrol.

Sooner than later bad managers will turn a good company to a bad one.

We all know what bad managers did to Cadbury, Unilever, Union Bank, Unipetrol now known as Oando. In the case of Cadbury and Unilever more than 8 years after the bad managers the companies are yet to fully recover.