Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Content Partners
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Get Data
    • Macro-Economic News
    • Research Analysis
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Content Partners
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Get Data
    • Macro-Economic News
    • Research Analysis
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
Nairametrics
No Result
View All Result
Home Opinions Blurb

[ANALYSIS] Will UBA Share Price Fall To N2 ?

Nairametrics by Nairametrics
August 27, 2015
in Blurb
[ANALYSIS] Will UBA Share Price Fall To N2 ?
Share on FacebookShare on TwitterShare on Linkedin

If you are value investor or fast money trader, then here is one trade to keep an eye on.

UBA one of Nigeria’s tier – 0ne banks is a broken stock ( but not a broken company )and seems to be heading to test the N2 per share mark before, it can mount any meaningful rally. (See chart)

UBA share price

RelatedPosts

Dissecting Atiku’s economic plan

By the numbers: Comparing NNPC with Saudi Aramco

Source: Nairametrics

As a matter of fact the last time UBA touched the N2 mark in early 2012, it bounced off it to finish up 79 percent for that year.

UBA is currently below its 200 day moving average (blue line) which is also trending lower.

Traders may want to accumulate positions between N1.75 and N2 with a tight stop loss.

UBA has yet to release its Half year 2015 results and that may be the catalyst to push the stock lower to these levels, especially if they disappoint.

UBA closed at N3.01 per share today and is down 57 percent in the past year.

Disclaimer

The writer of this article does not own any UBA stock in his portfolio. He however, intends to buy after the release of half yr 2015 results or if the stock hits his target price.

 

Related

Tags: UBA

Comments 4

  1. larry says:
    August 27, 2015 at 11:33 pm

    Good day Mr ugo ,do you think uba will touch 1.75 -2 naira ..well nothing is impossible , i read from thisday todsy they re considering interim dividend , does that implies the result is going to be good ?

    Reply
    • Nairametrics says:
      August 27, 2015 at 11:38 pm

      Interim dividend is good but as Access Bank showed, it might not be an immediate reason for the share price to be bullish. Ugodre

      Reply
  2. larry says:
    August 28, 2015 at 12:05 am

    You are correct sir , lets see what sept will have for us , will keep an eye on the share price to bottom out ..thou its hard to time the market .Thanks

    Reply
  3. larry says:
    September 4, 2015 at 8:35 pm

    Good day Mr ugo , the 20k dividend ha been able to trigger a bull run on UBA ..Sir what do u think about their result

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Mega Millions
Hot forex
Cornerstone
Polaris Bank
Access Bank
Bankers Committee
First bank


FCMB
Ikeja Electrics




    Business News | Stock Market | Money Market | Cryptos | Financial Literacy | SME |

    Recent News

    • JP Morgan warns that oil prices could surge to $380 a barrel
    • Buhari says Lekki Deep Sea Port to create job opportunities, facilitate trade
    • Weekly Stock Update: Nigerian Exchange Group record gains, up 0.24% w-o-w

    Follow us on social media:

    Recent News

    reserves, Nigeria Crude Oil Prices, Nigeria wants international oil companies to pay up now , Trade conflict between United States, China continues to affect oil prices, Global oil prices rally to $69.16, as Soleimani killed in US air strike, Crude oil prices continue to rise on the backdrop of US-Iran tension, Coronavirus projected to affect crude oil demand negatively , Worry, as Coronavirus threat pushes oil price below budget benchmark, Coronavirus: FG to review budget as oil price plunges, BOOM: Crude oil price crash below $30 in worst trading day since 1930,Bears ravage Global market, Brent Oil surges 10% trading at $27.29 per barrel, Crude Oil up 10% as Brent crude raises to $27 per barrel, Oil market crisis – possible production shutdown looms, The time crude oil became cheaper than water,, Brent crude surges past $40, analyst recommends investment in crude oil derivatives, Nigeria's Bonny light hit four months high, Nigeria's Bonny light hit four months high

    JP Morgan warns that oil prices could surge to $380 a barrel

    July 2, 2022
    Buhari says Lekki Deep Sea Port to create job opportunities, facilitate trade

    Buhari says Lekki Deep Sea Port to create job opportunities, facilitate trade

    July 2, 2022
    • ABOUT US
    • CONTACT US
    • PRODUCTS
    • ANDROID APP
    • iOS APP
    • DISCLAIMER
    • CAREERS
    • PRIVACY POLICY

    © 2022 Nairametrics

    No Result
    View All Result
    • Home
    • Exclusives
      • Financial Analysis
      • Corporate Stories
      • Interviews
      • Investigations
      • Metrics
    • Markets
      • Cryptos
      • Commodities
      • Equities
        • Dividends
        • Stock Market
      • Fixed Income
      • Market Views
      • Securities
    • Industries
      • Company News
      • Consumer Goods
      • Content Partners
      • Corporate deals
      • Corporate Press Releases
      • Energy
      • Entertainment
      • Financial Services
      • Hospitality & Travel
      • Manufacturing
      • Real Estate and Construction
      • Tech News
    • Economy
      • Get Data
      • Macro-Economic News
      • Research Analysis
    • Business News
    • Financial Literacy
      • Career tips
      • Personal Finance
    • Lifestyle
      • Billionaire Watch
      • Profiles
    • Opinions
      • Blurb
      • Op-Eds

    © 2022 Nairametrics

    Social Media Auto Publish Powered By : XYZScripts.com