NewStats: 3,262,928 , 8,178,540 topics. Date: Wednesday, 04 June 2025 at 05:53 AM 3w6n6p

Akpaamunsi:


Why una too dey live fake life for nairaland?

Not only on NL oh, it is all over social media. This same country where people have no food to eat, one person said $19B is what big boys use to party. American dollars oooooh not Zimbabwean dollars. All man can do is laugh and keep it moving

Agbalowomeri:


Yes it has not changed since SMN

So what PE do you expect in nigeria bank because I have seen less than 10.I like using 10 -15 for banks

Agbalowomeri:


Yes it has not changed since SMN

Back then back PE's was around 15 na

Locotrader:


To be candid I never see 100m as a sales proceeds in my life not to talk of 300m.
I have a long way to go be that.

Make I put mouth for that talk.I equally have my reservations based on the value of that portfolio presented and the price the few oando on it was bought. Then this person with good knowledge of stock market and young will not play fixed income of higher proportion to stock market Oga emma says it is 120 minus your age in one calculation
Buy betnaija at #84 ....my observation nothing personal

Locotrader:


These 3 stocks you mentioned are fish bones.
When they enter your throat,the bones will double cross your gullet.

If you must play them,do when the general market liquidity is high

You are one crazy fella. Laugh wan burst my belle.

You're one unrepentant monkey hunter. In fact to follow you sef odikwa very risky. A caution to those that will end up jumping into your picks at the peak.

I'm a secret irer of your attitude to life particularly how you treat criticisms or attacks. They are like water off a duck's back. Your reactions (if any) are humorous. No bitterness or salty responses. No pretentious replies. A likeable personality you are. Keep it up.

Disclaimer - Not a to continue MH.

Ades1:



Not only on NL oh, it is all over social media. This same country where people have no food to eat, one person said $19B is what big boys use to party. American dollars oooooh not Zimbabwean dollars. All man can do is laugh and keep it moving

Lol we get one chairman of audio billionaire like that here too.The billionaires I know with real hustle can never be in this kind of place 24/7 when this is supposed to be side hustle. .Abeg na how many zero again dey for billion make I follow japa too

Locotrader:


These 3 stocks you mentioned are fish bones.
When they enter your throat,the bones will double cross your gullet.

If you must play them,do when the general market liquidity is high

Wonders shall never end so e get stock way you fit fear for this market,lol.I thought you could raise any dead born with your style. Henceforth your sins are forgiven since you have made your intentions loud and clear as per 10%

Locotrader:


As your contract note is not opening at my end,goodluck to you if you bought chams at #2 today.That price you will not see again tomorrow.The cycle completed today.

Na to sit down dey watch

As una dey ring the bell , I decided to add 1m units @2.01 naira

Streetinvestor2:
Wonders shall never end so e get stock way you fit fear for this market,lol.I thought you could raise any dead born with your style. Henceforth your sins are forgiven since you have made your intentions loud and clear as per 10%

🤣🤣🤣🤣🤣

Omooloriredade:



You are one crazy fella. Laugh wan burst my belle.

You're one unrepentant monkey hunter. In fact to follow you sef odikwa very risky. A caution to those that will end up jumping into your picks at the peak.

I'm a secret irer of your attitude to life particularly how you treat criticisms or attacks. They are like water off a duck's back. Your reaction (if any) are humorous. No bitterness or salty responses. No pretentious replies. A likeable personality you are. Keep it up.

Disclaimer - Not a ;Dto continue MH.

Abeg, no make Loco blush allow make him for work serve us torso of stock fish, JGold and that Charm wan hard to pursue

Health3:
C I leasing is underperforming. Why?

Omooloriredade:



https://doclib.ngxgroup.com/Financial_NewsDocs/42466_C_AND_I_LEASING_PLC.-_QUARTER_3_-_FINANCIAL_STATEMENT_FOR_2024_FINANCIAL_STATEMENTS_OCTOBER_2024.pdf

90k EPS. Good improvement QoQ and YoY. Huge turnaround in the Nigerian business (parent company). Market might be sleeping on this one.

Been digging to see if I overlooked anything in my assessment. Now I'm inclined to think the market actually knows what's up

Factors to consider:

1. There is a willing/motivated off-screen seller at anything below N4 maybe down to N3.60? Them get am plenty and are letting some go probably because of point #2.

2. The effect of a generous bonus. 2 for 3 for declared in November 2023 and with a January 2024 qualification date. One year after bonus declaration, additional shares are yet to be issued. Who does that? While the market appreciates bonuses, this one excludes 2024 buyers. What stops a beneficiary of the bonuses from doing a yard sale if they know they will still get 2 for every 3 they sell anyway? Points back to #1.

3. Current per share data and valuation doesn't include bonus shares which introduces some uncertainty. Will the additional shares be awarded and included in FY 24? If yes, then real eps is about 52k.

Off-screen sellers are to be feared and respected in the market. There's no telling how much stock they intend to dispose off.

One chairman has been selling Chams for months now. You get too excited or impatient and you drive up the price to N2.1x and he just supplies the market like....calm down with the gragra. It was interesting to watch yesterday but keen to see the Locotrader magic when the market opens later today. The Calvary may well have arrived to overwhelm this off-screen seller. I can see he is rallying the troops. I hail o.

Disclaimer - All in my opinion which is not gospel so please dyor. Also, my assessment of trading activities in Chams could be wrong.

Streetinvestor2:
Lol we get one chairman of audio billionaire like that here too.The billionaires I know with real hustle can never be in this kind of place 24/7 when this is supposed to be side hustle. .Abeg na how many zero again dey for billion make I follow japa too

The zeros many .

Me self don tire, by end of this month, I dey remove from this side for a while. Make me self do temporary japa.

Streetinvestor2:
So what PE do you expect in nigeria bank because I have seen less than 10.I like using 10 -15 for banks

In the past 14 years post crash, I have never seen PE > 5 or BV > 0.5 except occasionally GTB/Stanbic

https://ewnation.com/nsltech-can-it-keep-up/
https://ewnation.com/neimeth-whats-left-of-this-correction/
https://ewnation.com/nestle-selloff-cannot-continue-indefinitely/

HALDANE McCALL PLC (HMK PLC)
- HALDANE got approval to list on the main board of NGX
- Listing by Introduction of 3.12bn shares at the price of N3.84/share
- HALDANE is into Real Estate and Hospitality
- Listing to take place today 20th November, 2024 at around 1.30pm

https://www.google.com/amp/s/businessday.ng/companies/article/haldane-mccall-gets-approval-to-list-3-12bn-shares-on-ngx/%3famp

https://hmkplc.com/governance/board-of-directors/

yMcy56:
HALDANE McCALL PLC (HMK PLC)
- HALDANE got approval to list on the main board of NGX
- Listing by Introduction of 3.12bn shares at the price of N3.84/share
- HALDANE is into Real Estate and Hospitality
- Listing to take place today 20th November, 2024 at around 1.30pm

https://www.google.com/amp/s/businessday.ng/companies/article/haldane-mccall-gets-approval-to-list-3-12bn-shares-on-ngx/%3famp

https://hmkplc.com/governance/board-of-directors/

While some delist, some others list. That's life.

Every mallam to his kettle...

Xidget:
#Observation

Most FA investors advised people to sell banks stocks 2months ago when price was low because of dilution from recapitalisation. And buy back at Q1 2025 when it will become cheaper.

Same people are encouraging people to buy now that price is high. Now, I am wondering, does the dilution not matter anymore?

yMcy56:
HALDANE McCALL PLC (HMK PLC)
- HALDANE got approval to list on the main board of NGX
- Listing by Introduction of 3.12bn shares at the price of N3.84/share
- HALDANE is into Real Estate and Hospitality
- Listing to take place today 20th November, 2024 at around 1.30pm

https://www.google.com/amp/s/businessday.ng/companies/article/haldane-mccall-gets-approval-to-list-3-12bn-shares-on-ngx/%3famp

https://hmkplc.com/governance/board-of-directors/

Were they in NASD previously?

Raider76:


While some delist, some others list. That's life.

Free market entrance, free market exit. Let them list, we wait and see how it goes. Jumping on anything that list is no longer the order of the day. Lessons learnt from Transcorp Power and Aradel.

bovali:

Just been looking at my updated portfolio and been smiling since. Please who sells house in Ikoyi? . Oando alone gave me 300m+ which i have sold and put in fixed income. Will be using the interest to follow loco in his Jijo till I find any better fundamentals. Christmas will be good this year.

Bovali, I you to smile at your updated portfolio. This will serve as an encouragement to some of us. I also congratulate you on your expedition with Oando. It goes to show you can make good money on the NGX even without having fundamentally sound stocks. I also love the mix in your portfolio, I think it is diversified to an extent. But, I just want to find out from you, do you have anything against Banks. I can only see that you have Access.

The other thing I see here is consistency. If one I sure of a company. Increase your stakes because the more you sow, the more you reap.

jonnysessy:


Bovali, I you to smile at your updated portfolio. This will serve as an encouragement to some of us. I also congratulate you on your expedition with Oando. It goes to show you can make good money on the NGX even without having fundamentally sound stocks. I also love the mix in your portfolio, I think it is diversified to an extent. But, I just want to find out from you, do you have anything against Banks. I can only see that you have Access.

The other thing I see here is consistency. If one I sure of a company. Increase your stakes because the more you sow, the more you reap.

I don’t have anything against other banks, but from a value perspective, I think Access was the most undervalued at the time so I went in big. How many of the banks holdcos have pension and insurance funds. Correct me if I’m wrong, but wasn’t arm pensions the second largest? Also from an income perspective, none of the other banks make as much as access, it’s just efficiency that’s their problem which I can understand in the early days as most of the bank acquisitions they did, they were forced to retain the staff by the regulators. Give them time, max 2 years and the story would be different. Same with Aiico (only one doing share buy back when others are trying to raise funds), same with Transcorp (how can it be valued at 440bn when power and hotel are both worth collectively 3.8 trillion. Not to even talk of Transcorp net revenue almost at par with its valuation on an annualised basis). I just even ed, access bank net revenue as at q3 is more than its market cap lol. So, just buy fundamentals and leave the rest to Mr. Time

💯

bovali:


I don’t have anything against other banks, but from a value perspective, I think Access was the most undervalued at the time so I went in big. How many of the banks holdcos have pension and insurance funds. Correct me if I’m wrong, but wasn’t arm pensions the second largest? Also from an income perspective, none of the other banks make as much as access, it’s just efficiency that’s their problem which I can understand in the early days as most of the bank acquisitions they did, they were forced to retain the staff by the regulators. Give them time, max 2 years and the story would be different. Same with Aiico (only one doing share buy back when others are trying to raise funds), same with Transcorp (how can it be valued at 440bn when power and hotel are both worth collectively 3.8 trillion. Not to even talk of Transcorp net revenue almost at par with its valuation on an annualised basis). I just even ed, access bank net revenue as at q3 is more than its market cap lol. So, just buy fundamentals and leave the rest to Mr. Time

bovali:


................ So, just buy fundamentals and leave the rest to Mr. Time

Thanks for the insight and taking time to explain. You are really having a good run. Investment is no sprint but like a relay race. Would continue the rebalance I am doing with my portfolio for a good diversification and mix.

bovali:


I don’t have anything against other banks, but from a value perspective, I think Access was the most undervalued at the time so I went in big. How many of the banks holdcos have pension and insurance funds. Correct me if I’m wrong, but wasn’t arm pensions the second largest? Also from an income perspective, none of the other banks make as much as access, it’s just efficiency that’s their problem which I can understand in the early days as most of the bank acquisitions they did, they were forced to retain the staff by the regulators. Give them time, max 2 years and the story would be different. Same with Aiico (only one doing share buy back when others are trying to raise funds), same with Transcorp (how can it be valued at 440bn when power and hotel are both worth collectively 3.8 trillion. Not to even talk of Transcorp net revenue almost at par with its valuation on an annualised basis). I just even ed, access bank net revenue as at q3 is more than its market cap lol. So, just buy fundamentals and leave the rest to Mr. Time

For me Access is the Oando of Banks. What you see is not what you get.

Omooloriredade:




Been digging to see if I overlooked anything in my assessment. Now I'm inclined to think the market actually knows what's up

Factors to consider:

1. There is a willing/motivated off-screen seller at anything below N4 maybe down to N3.60? Them get am plenty and are letting some go probably because of point #2.

2. The effect of a generous bonus. 2 for 3 for declared in November 2023 and with a January 2024 qualification date. One year after bonus declaration, additional shares are yet to be issued. Who does that? While the market appreciates bonuses, this one excludes 2024 buyers. What stops a beneficiary of the bonuses from doing a yard sale if they know they will still get 2 for every 3 they sell anyway? Points back to #1.

3. Current per share data and valuation doesn't include bonus shares which introduces some uncertainty. Will the additional shares be awarded and included in FY 24? If yes, then real eps is about 52k.

Off-screen sellers are to be feared and respected in the market. There's no telling how much stock they intend to dispose off.

Disclaimer - All in my opinion which is not gospel so please dyor. Also, my assessment of trading activities in Chams could be wrong.

Thanks for this possible insight on CI leasing.
much appreciated.

Locotrader:
Japaul
No more heavy crossdeals
Free movement is now activated.
May likely start on full bid tomorrow.
If that happens expect chams at full bid tomorrow

I am yet to finish my loading I beg it should not move yet

Investing in Jaiz Bank: A Comprehensive Analysis of Q3 2024 Financial Performance, Dividend History, and Stock Price Movement

Jaiz Bank Plc has continued to attract growing investor interest, particularly following its Q3 2024 financial performance. The bank has displayed a resilient growth trajectory, in line with its core values of ethical banking and robust corporate governance. As of recent market movements, the stock price has shown modest fluctuations—hovering around N2.32 per share, up slightly from its opening price of N2.28. This recent price activity, in combination with Jaiz Bank's dividend policy and the performance figures released for Q3 2024, provides an interesting backdrop for both potential and current investors.

A cross examination of Jaiz Bank’s Q3 2024 results reflects the bank's ongoing focus on expanding its footprint within the Nigerian banking sector, particularly through its Shariah-compliant financial offerings. The bank’s total assets have grown significantly year-on-year, with a marked increase in customer deposits, reflecting stronger trust in its unique offerings.

Key highlights from Jaiz Bank’s Q3 2024 performance include:

Profitability Growth: Jaiz Bank reported an increase in its net profit, driven by improved non-interest income from financing activities in line with Islamic banking principles. Despite the broader macroeconomic challenges, including rising inflation and volatility in interest rates, Jaiz Bank has shown resilience through its steady growth in financing income.

Asset Growth: The bank’s total assets grew higher when compared to the same period in 2023, which is a positive sign of its expanding market share and growing customer base, particularly within the SME and retail banking sectors.

Non-Performing Loans (NPLs): Jaiz Bank’s NPL ratio remains relatively low compared to industry averages, suggesting prudent risk management and effective credit evaluation processes. The bank’s Islamic banking model, which avoids interest-based lending, provides a layer of protection against some of the risks that traditional banks face in times of economic distress.

Capital Adequacy: The bank has maintained a robust capital adequacy ratio (CAR), which strengthens its capacity to absorb potential financial shocks and positions it well for future growth opportunities.

Jaiz Bank’s Dividend History and Policy

One of the attractive features for long-term investors in Jaiz Bank is its consistent dividend payout history. The bank has prioritised shareholder returns, reflecting its commitment to enhancing investor value.

Jaiz Bank has a track record of paying dividends, although the bank’s payout ratio has been somewhat conservative. This strategy aligns with its focus on reinvesting profits to bolster its capital base and ongoing business expansion. For Q3 2024, analysts expect a potential dividend declaration, though the final decision will likely depend on the bank’s full-year performance.

Though, Jaiz Bank follows a policy of paying a percentage of profits as dividends, ensuring that the payout is sustainable and aligned with its capital needs for growth and regulatory requirements. Investors expect moderate but consistent dividend payouts, which makes the stock an appealing choice for those seeking income in addition to capital appreciation.

Stock Price Movement and Technical Analysis

Jaiz Bank’s stock has experienced some price volatility in recent months. The share price recently closed at N2.32, a slight uptick from its opening price of N2.28. While these price movements are modest, they reflect broader market conditions, including investor sentiment towards banking stocks and the economic environment in Nigeria.

The bank’s stock price of N2.32 is slightly below its 50-day moving average of N2.37, which indicates that the stock is currently trading in a range near its short-term average. This could signal an opportunity for investors to enter at a price below the recent average, though investors should be mindful of potential volatility.

Moreover, the stock has seen fluctuations in line with broader market trends, but its volatility remains relatively controlled compared to more speculative stocks. Jaiz Bank’s price movements may continue to be sensitive to macroeconomic indicators, including changes in interest rates, inflation, and political developments in Nigeria.

In recent months, there has been renewed interest in banking stocks, particularly in the context of Nigeria’s evolving financial landscape. Jaiz Bank has benefited from this trend, with growing recognition of its ethical banking model and the increasing demand for Shariah-compliant financial services.

Investment Position: Buy or Hold?

Given the current price of N2.32, which is just below its 50-day moving average of N2.37, and the recent positive performance indicators from the bank, Jaiz Bank appears to be a stable, mid-term investment opportunity

For existing investors, holding onto Jaiz Bank shares seems to be a reasonable decision, particularly for those who have been benefiting from its consistent dividend history and steady growth. Investors should monitor the final Q4 performance to determine if there is a significant shift in the bank’s profitability or capital strategy.

However, for potential investors, Jaiz Bank presents an interesting opportunity for those seeking exposure to the Nigerian banking sector, especially those interested in ethical and Shariah-compliant investments. The current stock price of N2.32, which is slightly below the 50-day moving average, presents a good entry point, especially for long-term investors focused on capital appreciation and consistent dividend income.

In conclusion, Jaiz Bank Plc’s performance for Q3 2024, coupled with its solid dividend policy and stable financial position, makes it an attractive option for investors seeking a balanced portfolio of growth and income. The recent price movement and investor interest suggest that Jaiz Bank continues to perform well, particularly as the Nigerian banking sector recovers and grows in response to economic developments.

Investors should, however, remain cautious of market volatility and ensure that their decision aligns with their long-term investment goals. Whether choosing to buy or hold, Jaiz Bank offers a promising investment opportunity, underpinned by ethical banking practices and a commitment to sustainable growth.

Ekuuu 2nd day market oooo

Today,we are dealing with powers behind chams.Lets see how it goes.

Our Top picks remain

Japaul
Mansard
Chams

Sit tight and Enjoy

Omooloriredade:




Been digging to see if I overlooked anything in my assessment. Now I'm inclined to think the market actually knows what's up

Factors to consider:

1. There is a willing/motivated off-screen seller at anything below N4 maybe down to N3.60? Them get am plenty and are letting some go probably because of point #2.

2. The effect of a generous bonus. 2 for 3 for declared in November 2023 and with a January 2024 qualification date. One year after bonus declaration, additional shares are yet to be issued. Who does that? While the market appreciates bonuses, this one excludes 2024 buyers. What stops a beneficiary of the bonuses from doing a yard sale if they know they will still get 2 for every 3 they sell anyway? Points back to #1.

3. Current per share data and valuation doesn't include bonus shares which introduces some uncertainty. Will the additional shares be awarded and included in FY 24? If yes, then real eps is about 52k.

Off-screen sellers are to be feared and respected in the market. There's no telling how much stock they intend to dispose off.

One chairman has been selling Chams for months now. You get too excited or impatient and you drive up the price to N2.1x and he just supplies the market like....calm down with the gragra. It was interesting to watch yesterday but keen to see the Locotrader magic when the market opens later today. The Calvary may well have arrived to overwhelm this off-screen seller. I can see he is rallying the troops. I hail o.

Disclaimer - All in my opinion which is not gospel so please dyor. Also, my assessment of trading activities in Chams could be wrong.

Bonus has since been distributed.

Heishere:


Bonus has since been distributed.

Correction taken. Thank you.

I think I'm getting things mixed up with another stock. OS has truly increased from 780M to 2.95B.

So the additional shares have been alloted and may well be the cause of the over supply from a large holder.

Current per share data is still not correct though. EPS is not 90k as per Q3 result but 0.52k.

@Chimex et al, please take note of the correction.

Heishere:


Bonus has since been distributed.

When did they distribute it as I am yet to see my own.

Heishere:


Bonus has since been distributed.

True. Just verified.
It's been issued from the AGM resolution of September 26, 2024.