UBA.....making us proud

RabbiDoracle:


A simple question :

Are these 2 banks part of the 7 SIBs?

FCMB has a total assets of 1.5b+ while FIDELITY has 1.9b+

Another one that I think could be part of the SIB could be STANBIC (Total assets of 1.6b+)

Maybe CBN shouldn’t have announced that 7 banks failed a stress test. There is now hysteria as people are trading on the news. Some are even closing their bank accounts. Everyone knows the Tier 1 banks-Zenith, GTB and Access.

Based on the news, even the Tier-1 banks may have to recapitalize because our Naira has lost a lot of value since the last capitalization exercise under Soludo

onegentleguy:
Q3 2019 results so far released:

The Good; GTB, UBA, FBNH, OKOMU OIL

The not-so-good; UCAP

I have since said that what is happening in the country's fiscal and monetary policy space(particularly the former) will favour the banks and certain coys in the CONSUMER(fmcgs) and PHARMACEUTICAL sectors.

Worthy of note is the fact that rates will likely push higher and remain above single digit in the short to mid term, as inflation bites following the government's increasing hunger for revenue drive to curtail its deficit and better manage its debt burden.
Inflation will also likely remain high with the recent stiff border enforcement/closure, increase in minimum wage and imminent top up in electricity, VAT and certain trx tariff.

When u juxtapose these 2 factors(rate to inflation drive), u won't be needing a soothsayer to tell u that banks will derive arbitrage gains therein.

There is a reason why the CBN governor declared that there are NO plans to reduce rates until inflation hits single digit at the last MPC meeting.

It is well.

Modified.

...so I noticed a few worries with OKOMU OIL and decided to pull it down from the GOOD to the not-so-good category of Q3 results released so far.
We think it(okomu) holds less risk-return and value behind the current price(on a YoY run) and so current mkt price would need to adjust downwards to allow for a better reward margin(MoS peg in view)
A 30-42% discount from current price should give room for a better reward raking-off risk.

Q3 2019 results so far released.

The Good; GTB, UBA and FBNH

The not-so good; UCAP and OKOMU OIL

I have since said that what is happening in the country's fiscal and monetary policy space(particularly the former) will favour the banks and certain coys in the CONSUMER(fmcgs) and PHARMACEUTICAL sectors.

Worthy of note is the fact that rates will likely push higher and remain above single digit in the short to mid term, as inflation bites following the government's increasing hunger for revenue drive to better manage its deficit and debt burden.
Inflation will also likely remain high with the recent stiff border enforcement/closure, increase in minimum wage and imminent top up in electricity, VAT and certain trx tariff.

When u juxtapose these 2 factors(rate to inflation drive), u won't be needing a soothsayer to tell u that banks will derive arbitrage gains therein.

There is a reason why the CBN governor declared that there are NO plans to reduce rates until inflation hits single digit at the last MPC meeting.

It is well.

TraDeRR:


Sorry boss.. so no WhatsApp for now ?

mendes911:


Sorry Boss. Just read this.

I hope you had password and cloud backup on the device....

Safe bro.

...it is absolutely useless for them. Just took it away from person that valued it most

Mcy56:

Sorry boss. I guess this happened in Lag. It must have been a welcome home stuff from the boiz.
What's most painful is that you had lots of things stuffed up there.......

...you can say that again. Welcome parry Eko o ni baa je

Thanks all for your love...

swilo:


Na Lagos abi... Lagosians. Sticky fingers.

OakPearl:


Bad day in the office.
They can only take your stuff, they can't take your brain.

Infinitisi:
Sorry bro

Jejebabaa:


Eyah, so sorry boss to hear about the loss of your phone.

pluto09:



So sorry for the loss of your phone.

SEC in Talks With Foreign Firms on Possible NSE Listing
https://businesspost.ng/economy/sec-in-talks-with-nnpc-foreign-firms-on-possible-nse-listing/

Naira Depreciates at Interbank, Investors Segments Tuesday
https://businesspost.ng/economy/naira-depreciates-at-interbank-investors-segments-tuesday/

Oil Nears $60 Tuesday as OPEC Seeks Deeper Output Cuts
https://businesspost.ng/economy/oil-nears-60-tuesday-as-opec-seeks-deeper-output-cuts/

Makers of Alomo Bitters Lament Over Loss of $2m to Border Closure
https://businesspost.ng/economy/makers-of-alomo-bitters-lament-over-loss-of-2m-to-border-closure/

Investors Lose N24.3bn at Stock Market Tuesday
https://businesspost.ng/economy/investors-lose-n11-8bn-amid-mop-up-of-banking-stocks/

Treasury Bills Yields Rise 0.11% to 12.67% Tuesday
https://businesspost.ng/economy/treasury-bills-yields-rise-0-11-to-12-67-tuesday/

Air Liquide Plans N2.07bn Rights Issue
https://businesspost.ng/economy/air-liquide-plans-n2-07bn-rights-issue/

NSE Lists 30 Million Units of Union Bank Bonds
https://businesspost.ng/banking/nse-lists-30-million-units-of-union-bank-bonds/

Makers of Indomie Noodles Secure $1bn Loan to Build Port in Lagos
https://businesspost.ng/economy/makers-of-indomie-noodles-secure-1bn-loan-to-build-port-in-lagos/

EKUU Mkt o

Goodmorning Sirs/ Mas
what is happening, companies have failed to release results till 31 oct 2019 12 midnight. Then Nov 1 2019 will determine market direction.

i have been having these 500k shares in Multiverse since 2012 bought at 50k. Price now 20k. With the news of share reconstruction of 10 :1 and using share premium account to wipe of retained losses. will these be the game changer. i will attend the AGM on 25 Nov to hear what these mgt and board have to say. Shareholders are suffering.

checking some numbers this morning...

ucap hav one of the good Q3 in my own opinion. ucap is better than Afripud when valued based on earnings but the later is more better with cash valuation. since cash is oxygen of any firm, investors will keep bidding up afripud price

fairprice: ucap 4.7 , Afripud 7.4

eziokwunwoko:
Goodmorning Sirs/ Mas
what is happening, companies have failed to release results till 31 oct 2019 12 midnight. Then Nov 1 2019 will determine market direction.

Today is 23/10/19 o

for okomu . good result in my own opinion but slightly trading above it fp based on Q3 but selling at discount based on cash. investors follow cash so i dont see okomu coming back to my eyeing levels any time soon

fp based on Q3 earnings valuation N44 based on cash N80

Goodmorning Mr Current price.
please give me fair prices of the following stock;
Conoil
Caverton
UAC
Flourmill

currentprice:
for okomu . good result in my own opinion but slightly trading above it fp based on Q3 but selling at discount based on cash. investors follow cash so i dont see okomu coming back to my eyeing levels any time soon

fp based on Q3 earnings valuation N44 based on cash N80

eziokwunwoko:
i have been having these 500k shares in Multiverse since 2012 bought at 50k. Price now 20k. With the news of share reconstruction of 10 :1 and using share premium accoun stt to wipe of retained losses. will these be the game changer. i will attend the AGM on 2Nov to hear what these mgt and board have to say. Ock Shareholders are suffering.

My brother.Its a pity you are involved in this calamity stock.After reconstructions,it's either it becomes an illiquid stock(stagnant) at the reconstructed price or it drives back to 20kobo again.
No news,no good result,no good corporate governance,no technicals to help the stock at the moment.

@ CP, More grease to your elbow

@BBM sorry for the loss

Zenith Bank Q3 results EPS N4.80. How are these banks making monies?

rebekah2011:
Zenith Bank Q3 results EPS N4.80. How are these banks making monies?

Bank Charges

http://www.nse.com.ng/Financial_NewsDocs/27864_ZENITH_BANK_PLC_FINANCIAL_STATEMENTS_OCTOBER_2019.pdf

rebekah2011:
Zenith Bank Q3 results EPS N4.80. How are these banks making monies?

Post result link

currentprice:
http://www.nse.com.ng/Financial_NewsDocs/27864_ZENITH_BANK_PLC_FINANCIAL_STATEMENTS_OCTOBER_2019.pdf

Tnx

pluto09:
http://www.nse.com.ng/Financial_NewsDocs/27864_ZENITH_BANK_PLC_FINANCIAL_STATEMENTS_OCTOBER_2019.pdf

Not bad.Market no want respond to results.

DOLLARTEX:
http://www.nse.com.ng/Financial_NewsDocs/27865_LEARN_AFRICA_PLC_FINANCIAL_STATEMENTS_OCTOBER_2019.pdf

These people want scatter my brain
Why did they present their result like this this is confusing for those of us that went to night school....

locodemy:


Not bad.Market no want respond to results.

Yea, not bad .....

DOLLARTEX:
http://www.nse.com.ng/Financial_NewsDocs/27863_MULTIVERSE_MINING_AND_EXPLORATION_PLC_FINANCIAL_STATEMENTS_OCTOBER_2019.pdf

@eziokwunwoko your coy result don land.

eziokwunwoko:
i have been having these 500k shares in Multiverse since 2012 bought at 50k. Price now 20k. With the news of share reconstruction of 10 :1 and using share premium account to wipe of retained losses. will these be the game changer. i will attend the AGM on 25 Nov to hear what these mgt and board have to say..

Wehdone sir. Pls lets know the AGM outcome.
Surprised you've been in this market for quite some years, was thinking you're a newbie before....the way you used to ask what to buy.

Zenith Bank Q3 Earnings Rise to N491bn, EPS Grows 4.8%
https://businesspost.ng/banking/zenith-bank-q3-earnings-rise-to-n491bn-eps-grows-4-8/

UBA on Track to Meet FY2019 Target as Q3 Earnings Hit N428bn
**Credit Expansion, Others Buoy Non-Interest Income
https://businesspost.ng/banking/uba-on-track-to-meet-fy2019-target-as-q3-earnings-hit-n428bn/

CSCS Tops Losers’ Chart as NASD Exchange Extends Losses
https://businesspost.ng/economy/cscs-tops-losers-chart-as-nasd-exchange-extends-losses/