Among the three banks trading above N20 per share and have released their 2018 full year’s result, Stanbic IBTC bags the most impressive bottom line figure having recorded a significant increase in profit after tax and EPS to N74 billion (from N48b) and N7.04 (from N4.6), representing a high double-digit growth of 54% and 53% respectively. Not […]
Category Archives: Company Analysis
Why Shares of Oando is Rising Amidst Huge Debt.
The price of Oando stock has been trending higher in the last 6 days, a bullish run with no recent corporate announcements. As of this analysis, the oil stock trade for N7.25, up by 9.85% in today’s trading session with YTD return now at 45%. Let us look at the performance of the stock on […]
This is Why Zenith Bank Made More Profit in 2018
Zenith bank had just released its full-year result for 2018 with profit after tax coming out better than the previous year’s figure (2017). The bank also increased its final earnings (PAT) by 11% to N193b, from N173b while gross earnings fell by 15% to N630b, from N745b. While this isn’t a bad result, I believe a […]
Looking for an Undervalued Penny Stock in the Banking Sector?
While everyone is cautious about buying stocks in the NSE market on growing bearish sentiments, Sterlings bank’s stock seems to have shown some resistance last week as it appreciated by 6.67% to close at ₦1.60, from an opening price of ₦1.5. This might be one of the undervalued bank stocks to buy in the Nigeria stock market. […]
Top 7 Stocks That Could Offer Mouth Watering Returns in 2019
Best Stocks to Buy and Hold In Nigeria 2019 – Banking and Insurance Stock Recommendations In Nigeria – Best Performing Dividend IncomeStocks To Invest Your Money. Nigeria still relies on oil as a key revenue driver but this year, the energy market has had an insignificant impact on the country’s stock market index, down year to […]
This Top Gaining Catering Stock Still Has 96% Upside Potential
Investors love stocks that consistently appreciate and are still trading below their fair value estimate; we call such stock cash cow as their risk of melting down is minimal while the upside potential is high. In my company’s analysis, I will be reviewing Newrest ASL (Airservices), a stock with an upside potential that is clearly […]
Why Caverton Offshore Is a Penny Stock to Watch Closely
As of this writing, Caverton had just released its Q3 2018 earnings report with key metrics indicating that the company is on track to beat its previous year record. The stock is selling for ₦1.91 with a YTD performance of 48.06%. Recent Result Results for the 9-month ended September 2018 show that revenue increased from […]
How Nigerian Banks Want to Make More Money
How Do Banks Make Money in Nigeria – Analysis of Banking Stocks In Nigeria Stock Market and How They Make Money From Loan, Treasury Bills and FGN Bonds Understanding the business of banking isn’t an option for investors looking for good banking stocks to buy but a required process that will help you uncover and […]
This Bank’s Stock Has a 33% Upside Potential.
Wema Bank Annual Reports & Analysis of Banking Stocks – See My FInancial Result Analysis of Wema Bank and Fair Value Estimates Using Q3 2018. NSE banking index has been worst hit by market sell-offs and we already know why: the effect of fallen yield on fixed income securities and cautious lending to the private sector, […]
Is CCNN Still a Good Buy or Sell Stock?
While the overall NSE index is down by 15% or more, CCNN stock has already doubled shareholders’ wealth this year. As of this writing, CCNN’s stock year to date and one-year returns are 137.89% and 170.7% respectively. The stock is currently the best performer so far and as the government plans to rebuild northeast and finance […]