Access Bank to raise N70bn

[oseitutu]

Access Bank to raise N70bn at N14.90 per share
Access Bank also plans to raise wad from the capital market. Let us watch this space. Make una position una self o.Proshare has full article

[alanbow]

Personally, my kobo will not be going into this one.

It is heavily overpriced and I just think looking at all other banks in the sector, Access is currently the most expensive and may be for a reason.

Just as we said on other threads, the price seems to have been pumped up in anticipation for the PO.

[c kenneths]

The fair price for Access would be around 10.50

[ikpong]

I agree, Access is over priced and I am staying out of this one.

[kaymoney]

We should not forget that its not only Access bank that is overpriced,we have a lot of shares that are overpriced but the question we should be asking is what is the future prospect investing in Access bank and can we get the return on investment compared to other banks?

[oseitutu]

Overpriced or not, when will it be properly priced. If you can get ROI before judgement day, chikena!

[richestowealth]

I already made my observations a month or so ago about the stock that it's not worth it. However, since we are also in Naija most stocks are not fundamentally priced to begin with.That said, I'll probably pickup the minimum just for the fun of it. This is one of those plays that would definitely be short term for me. Right after they release their certs, Dump stock!

[bwalaman]

Agree with you @richestowealth in the banking post-consolidation era, all banking stocks have gone up in the short-term...Even the UBA, which seemed over-valued and priced.

We ride that trend until market forces dedicate otherwise...

[Avocado]

Originally Posted by c kenneths

The fair price for Access would be around 10.50

c kenneths: what forward P/E would/did you use for ACCESS?

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