Access Bank released its 2014 full year results showing Gross Earnings rose 18.5% to N245.2billion. Net Interest Income also rose 29% to N100billion for the year. Profit after tax for the year was N42.9billion an 18% increase from N36.2billion a year earlier.
Earnings per share for the year was N1.88 19% higher than the N1.57 posted a year earlier. The company also reported Loans and Advances to customers rose 41% to N1.1trllion. Deposits also rose 9% to N1.4trillion for customers.
Access Bank proposed a Final dividend of 35kobo which will cost the company in the region of N8billion. The company is about concluding its right issue worth N52.5billion
Please i want to know if it is a strong buy and this price of about NGN 6 is it the best to buy it at that price
N6 may not be the best price but it is certainly a good price in my view
When is access bank close of register
When is access bank close of register and date of payment
Then when is access bank close of register and date of payment
The banking stocks are fundamentally strong, but their market prices have been affected by a systemic risk: Nigeria political and economic outlook (elections, oil price slump, security challenges, among others).
Once we are done with our elections, few weeks after, some stability will begin to return and there would be price discovery with the banking stocks going up to reflect their true and fair values.
You saw GTB and Zenith Bank’s results of recent. If you have followed the stock movement, you may wrongly assume that those companies are not healthy. The good news is they are.
Verdict: Use 60% of your stock investment budget now, use 40% just after elections.
I think the bank is trying, if you consider what the Nigerian banks have been facing, oil price, market up and down, CBN etc.For me the bank has a bright future.
Please can Mr. A buy the right offer of Mr. B? if yes how? i want to participate in ongoing right offer.
To answer your question literally I will say NO. However, you can only buy another person’s rights if there is an under subscription and the bank decided to allot the under subscribed shares to other shareholders who are willing to pay.
In my view, I would rather buy UBA. My reasons:
If you buy 1000 of Access bank shares, that will be N60000 and change excluding commissions.
With the same N60000, you can buy approx. 15000 UBA shares.
At dividend time, Access pays 35-40k/share and you get N3000-N4000.
With UBA paying 40-50k/share or even more, you get N6000-N7500
How about that?
That’s why I am disposing my high price shares such as 7UP e.t.c and settling for penny stocks.