Uchetoba:


Uacn may fall back to 4 naira or there about so that I can enter comfortably

As for that good for nothing uac-prop I will not go close to it except it falls to 60 kobo

What even prompted the rally, how come it surdenly moved from 4.5 naira to above 6 naira any new? Uacn I mean

PETERiCHY:
Sometime in 2017 there was a HEAVY CROSS DEAL worth BILLIONS of Naira on FBHN @N4:00k

So BARGAINS HUNTERS you can taking a look at current @N4:40K.

*ThE OcToPuS*

FBHN now on FULL BID

Rightnow BARGAIN HUNTERS that heed to our CALL

I am not there oooooo. Surprised at the stellar performance of the new Access Bank.

TraDeRR:


Hope say you dey inside the bus oga

onegentleguy:
With the just released H1 2019 result from ACCESS BANK(which majorly inculcated the risk-adjusted impact of asset deterioration from the merger with diamond), it will be BEST to seriously consider having ACCESS in ones investment portfolio now.(if u are yet to do that)

At 1st glance, the H1 financial print shows an all-touching boost accross all revenue and earnings line with a pointer to margins growing at a faster rate than EM at the back of an improving AsQ and AsY.

One thing that impresses me, is the current ACCRUALS RATIO(an analytical tool that aims to gauge the persistence and sustainability of a coys earnings setting aside the risk of a possible manipulation). ...which is especially useful for companies that have just expanded, following from an organic/inorganic growth or have merged/acquired an asset with a perceived low quality.
With ACCESS, current accruals ratio(both from a cashflow and balance sheet perspective) is HEALTHY.


Other KEY financial indicators also paints of a grossly underpriced asset.
Raking off all feasible risk and assuming zero growth to YE, I have a FVE of N15.7 for ACCESS. ...and quite frankly, that would be me been extremely cautious with valuation.

The same can also be said of fellow 1st tier peers, UBA and ZENITH. ...and tier 2 fellows FCMB and FIDELITY.

CAVEAT: This is no license to any sought of recommendation. ...due diligence should still remain ur 1st priority.
My advise: Pls kindly follow ur instinct.

Oga which companies are your best from the Accruals ratio perspective?
I'm tired of reading manipulative earnings reports.

DOLLARTEX:
immediately I saw that whale,agba and oracle came to mind.the mattress gangs!

Lol if I get 10% of that I go dey follow una post for here

AIICO Faithfuls

http://www.nse.com.ng/Financial_NewsDocs/27510_AIICO_INSURANCE_PLC._CORPORATE_ACTIONS_SEPTEMBER_2019.pdf

PETERiCHY:


FBHN now on FULL BID

Rightnow BARGAIN HUNTERS that heed to our CALL

Wait naa oga peter. I never finish load. Make full bid hold small make I chop my Access dividend.
I need to fully enter FBNH before q3 result is out.

Mpeace:
Wait naa oga peter. I never finish load. Make full bid hold small make I chop my Access dividend.
I need to fully enter FBNH before q3 result is out.

Lol FBNH that will be on full offer tomorrow

Agbalowomeri:


Lol FBNH that will be on full offer tomorrow

Oga cool down make this thing recover small nah.... Children started school today fa.

Agbalowomeri:


Lol FBNH that will be on full offer tomorrow

...wetin @Agbalowomeri see with one eye, small pikin eyes no fit see 'am with 2 eyes wide opened! I feel you

Stock with new 52 week lows
Livestock #0.39k
Stock with new 52 week highs
John holt #0.61k

austinkenneth:


Oga which companies are your best from the Accruals ratio perspective?
I'm tired of reading manipulative earnings reports.

Am sure u know that u can not totally rule out manipulative tendencies anywhere in the world, particularly in this clime.
That's why every investment often carries a certain weight of RISK with it !!
...what we can only do, is to as much as possible, seek ways to reduce it to a bearable minimum(investing preference in view) using certain extreme indicative tools. Which is what the thing about ACCRUALS RATIO partly seeks to achieve.

I like to utilize both the BALANCE SHEET based and CASHFLOW based accruals ratio, but FOCUS more on the latter where there is a likely suspicion with revenue and earnings delivery.

That said; CAVERTON, FCMB, FIDELITY, FO, UACN, ZENITH, ACCESS, UBA, WAPCO, and CONOIL currently form my best picks in that line.(best value drive in view)

They also have a good ALTMAN Z-SCORE !!
...and a great UPR(upside potential ratio) ...an indicative tool that's used to guage the degree of attractiveness of an assets inherent return when measured against a higher negative deviation that's below an acceptable risk-free rate.

AIICO is also HIGH up my scale of preference based on UPR.

It'd be wise to gradually position oneself in these coys now !!(in line with ur investment strategy, horizon and goals)

But then again; this is NOT an investment recommendation.
My advice? ...Just follow ur instinct.

NSE Readmits Deap Capital Shares on Trading Platform
https://businesspost.ng/2019/09/09/nse-readmits-deap-capital-shares-on-trading-platform/

Banks Generate N350m from CBN in July
https://businesspost.ng/2019/09/09/banks-generate-n350m-from-cbn-in-july/

CBN Cancels Interest Rate Limits for Mortgage Finance
https://businesspost.ng/2019/09/09/cbn-cancels-interest-rate-limits-for-mortgage-finance/

How to Protect Your Debit Card From Fraud
https://businesspost.ng/2019/09/09/how-to-protect-your-debit-card-from-fraud/

Investors Trade N17bn Stocks in Five Days
https://businesspost.ng/2019/09/09/investors-trade-n17bn-stocks-in-five-days/

Please, which is better to process an e-dividend mandate through a Bank or through a stockbroker?

Do through the bank and get in touch with the Registrar.

DUNKA:
Please, which is better to process an e-dividend mandate through a Bank or through a stockbroker?

Agbalowomeri:


Lol FBNH that will be on full offer tomorrow

Ndi imitation Prophet abikwa ozo ooo..................................................

TraDeRR:


Phemmie time to visit that broker of yours in person..
Morgan Capital forgot to convert/change my diamond to access but for the entire time my diamond bank shares were still showing.. i will go to access and be selling until when I got tired of seeing the name “diamond” in my portfolio.. I then sent an email to them.

Thanks, I once visited the firm last month before then I made I sent a mail and I was called by someone from the firm asking me if I have filled a form for the conversion? I was surprised but when I got to their office, I was asked to forward the mail I sent to the registrars to them and which I did. The mail was forwarded to the registrar through them alongside with my transfer form. But till date I am yet to hear from them. I sent another mail last week to united securities but they told me they want to confirm my transfer form.
Thanks

veecovee:

uchetoba

Uche + Toba

Yet another perspective to the VALUE proposition in UACN(weighted against its subset, UPDC and UPDC REITS)

Aside the thing about comparing their ALTMAN Z-SCORE(which I highted in the past), there's a bit more.

...a brief;

1st off; according to the proposed unbundling, the shareholders of UACN are to get stakes in UPDC and UPDC REITS post rights issuance to updc shareholders, which is expected to raise near N16B to offset the bridge loan taken from UACN.

3 benefits;

1) Given that the allotment of shares comes post rights issue by UPDC, the shareholders of UACN are totally exempt from any impact of a likely equity dilution.

2) UACN will get a good boost from the leverage(approx N16B) accrued from the rights.
Again, UACN will also indirectly benefit from all the restructuring initiative of the unbundling, including an asset allocation with a current mkt value of near N9B to UPDC(plus an interest payment of over N20B accrued to updc in the reits)

3) The unbundling and 'gifting' to current shareholders of UACN also means they'll immediately partake of accrual gains and future EV(enterprise values) of the subsets, updc and updc-reits.

Using the sum of all parts(SOTP) valuation technique(an indicative tool used to guage the likely value of the subsidiaries/constituents that form a holding company when been sold/spun off or divested from), we can further look in on the inherent VALUE passable to the group.(UACN)
...The idea is to break up the 2 subsets away from the holding coy/conglomerate, and try to value them seperately.

Using this technique(adjudged from the benefits with the subsets updc and updc-reits EV, RoIC, EV to EBIT, OS, PEG and P/B) as well as its current financial status in view, and adjusting for risk, I have a re-adjusted FVE of approx N18.25 for UACN.
...this is assuming zero% growth to YE.(Assuming that UACN makes zero earning in H2, 2019)

Away from the proposed unbundling, the group is also looking to spun off from its hotel business arm, updc hotel(UHL) to aide more leverage.(assets classified as held for sale/distribution to owners in view)
...and a total revamp of its quick service restaurant arm(UAC restaurant) to further boost earnings.

VERDICT: UACN remains a strong BUY for us !!
While short term price prospect is uncertain(due mainly to the current volatility in the mkt), medium term prospect is STRONG and with a lot of drive.

My advice: Just follow ur instinct.

No further comment on UACN !!

phemmie06:


Thanks, I once visited the firm last month before then I made I sent a mail and I was called by someone from the firm asking me if I have filled a form for the conversion? I was surprised but when I got to their office, I was asked to forward the mail I sent to the registrars to them and which I did. The mail was forwarded to the registrar through them alongside with my transfer form. But till date I am yet to hear from them. I sent another mail last week to united securities but they told me they want to confirm my transfer form.
Thanks

Were the holdings in your name in CSCS? If yes, then the transfer malerky is utter BS.
Wetin concern stock wey already dey 4 CSCS with transfer form when there is no beneficial party...

The same reason why I will sell all my DF if it ever hits N23ish (greed?) before the take over

Mpeace:
Wait naa oga peter. I never finish load. Make full bid hold small make I chop my Access dividend.
I need to fully enter FBNH before q3 result is out.

September School fees is OVER
So we should EXPECT some RESPITES.

PETERiCHY:


September School fees is OVER
So we should EXPECT some RESPITES.

No worry, ask Chibubear what befell him

bigjay01:


Were the holdings in your name in CSCS? If yes, then the transfer malerky is utter BS.
Wetin concern stock wey already dey 4 CSCS with transfer form when there is no beneficial party...

The same reason why I will sell all my DF if it ever hits N23ish (greed?) before the take over

phemmie06:


Thanks, I once visited the firm last month before then I made I sent a mail and I was called by someone from the firm asking me if I have filled a form for the conversion? I was surprised but when I got to their office, I was asked to forward the mail I sent to the registrars to them and which I did. The mail was forwarded to the registrar through them alongside with my transfer form. But till date I am yet to hear from them. I sent another mail last week to united securities but they told me they want to confirm my transfer form.
Thanks

Like seriously? Transfer form ke? Phemmie nothing absolutely nothing concern you access equivalent with transfer form..
You don’t have any business with the registrar my brother.. let your brother find your shares for you.. how can it just disappear? No Diamond, No Access..
Go to their office again and this time do not leave until you see you Access shares in your portfolio..
I sold all my access shares before filling out the 1 naira cash consideration form slf..
I don’t know why it’s not showing in you portfolio but when market opens tomorrow, go to Access and try to sell like 10 units to see if it will go through..
If it doesn’t, that means it’s not in cscs also and my dear your broker gotta answer some questions..

simply put"I beg don't spoil the uacn rally ooo"hold your portfolio till I exit!

DOLLARTEX:
simply put"I beg don't spoil the uacn rally ooo"hold your portfolio till I exit!

Na only u dey chop all the rallies

Good evening house.

Please if one sell his/her shares are the bonuses that was given before selling the shares Still valid?

pluto09:



How I just wish that aiico will be more efficient in assets utilisation and show more consistency

We the aiico directors wish for the same thing too.

Any idea on how this can be achieved?

Rejoice04:
Good evening house.

Please if one sell his/her shares are the bonuses that was given before selling the shares Still valid?

yes yes still valid!

TraDeRR:



Like seriously? Transfer form ke? Phemmie nothing absolutely nothing concern you access equivalent with transfer form..
You don’t have any business with the registrar my brother.. let your brother find your shares for you.. how can it just disappear? No Diamond, No Access..
Go to their office again and this time do not leave until you see you Access shares in your portfolio..
I sold all my access shares before filling out the 1 naira cash consideration form slf..
I don’t know why it’s not showing in you portfolio but when market opens tomorrow, go to Access and try to sell like 10 units to see if it will go through..
If it doesn’t, that means it’s not in cscs also and my dear your broker gotta answer some questions..

This is the message from the registrars

DeRuggedProf:



When Shoprite was looted, the book section was not touched, so I heard.....

I believe if the looting was legal, you would have looted the book section....

Prove it!

https://www.investopedia.com/terms/c/capitaladequacyratio.asp

Oga prof u go like dey give ur students assignment well a. Thank you for d expo. Next time I no go ask question na to dey copy I go dey do. If na legal? Me go loot am bring am to u make u do d reading make I copy

onegentleguy:


CAR(an acronym for capital adequacy ratio, also known as capital asset ratio) is the % ratio of a banks qualifying capital against its exposure to credit risk.
...more like a way to guage what proportion of a banks total capital is at risk.
It's a sought of benchmark used by the regulator(CBN) to ensure that a banks credit exposure can absorb a certain amount of risk without compromising its capital requirements.

Assuming u own a bank where CAR estimates @ 30%.
It means that ur banks credit risk exposure is 30% of ur qualifying capital position(liabilities)
By extrapolation, for every N1 that ur bank gets(deposit pool), u are @ risk of 'losing' 30k from it.
...the lower the CAR, the higher ur exposure to risk... and the closer u'll be to perhaps going under.
Which is why the apex body(CBN) tries to regulate it to ensure the safety of depositors and by extension, shareholders funds.

In principle, a good CAR helps to put a check on NPL(non-performing loans) while assuming a good liquidity level.

thank you sir for taking your time to explain everything. Your are good teacher and you like sharing your ideas with people.

phemmie06:

This is the message from the registrars

Firstly, know that you are dealing with a worst registrar.. they can send you that message one million times and not solve the problem.
I already suggest to you what to do tomorrow morning once market opens.. if you succeed to sell at least 5 units in Access, then your shares are intact with cscs.. probably your broker just being lazy to do their job..
If you are unable to sell, open an online portfolio monitoring account with cscs.. i think its 500 naira monthly (don’t know how much it is now) print out your statement, send it to you broker let them find your Access Diamond shares for you.. no too much story here.. Or you start planning your next visit to your broker’s office.. if e no dey your cscs online account, e no dey anywhere bi dat..
BTW which broker are you using?