Friday, December 5, 2008

UBA Stock-Why You Must Grab Your Share Now

The journey did not start today. Crystal bank was moribond and was about being liquidated when Tony Elumelu organized other investors with a message of hope. He assured them that there was a goldmine in that dying business. Believing in oneself is one thing. Getting other people to buy into your dream is another kettle of fish.
Thank God the other investors took the risk with the visionary Elumelu-Nigeria's banking wizard(That's what i call him). No bank executive in Nigeria today has been able to venture into 'dangerous' markets like Tony. Over the years, he has proved that it pays to take risks others cannot. Ever before most banks saw the need to care for the students and talakawas, Elumelu had bought them over with his superb offer through the former STB.
He made it so easy for students to get money from parents from anywhere in Nigeria to cater for their studies. He also successfully persuaded the Hausa fulani man to bring his money to the bank. No wonder UBA now has large deposit liablity and more money to play with.
No bank in Nigeria has the branch network UBA enjoys in the country and all over Africa. This phenomenon has now been taking to the global field.
My sermonisation is to tell you that you have a lot to gain if you get on the queue to grab your own share of UBA stock. It will soon overtake banks like First Bank in terms of return on investment to investors.
I have been enjoying my feel of this stock since 2004 using my wedding gift to buy 1000 units of the stock. It has been wonderful. My daughter will definitely be a millionaire at 21. Guaranteed ala UBA.
Just in the year 2008 alone, UBA connered N57 Billion profit after tax which makes 82% increase over 2007. Gross earnings shot up to N169.5 billion while the balance sheet rose to N2.3 trillion. This asset base could finance the budget of all the states in the Norther region of Nigeria. You see what you will be missing if you ignore this stock.
Share holders enjoyed an interim dividend of 25k/share in february 2008 with a 1 for 2 bonus issue. For doing good business throughout the year, the bank declared a final bonus of 1 for 4 and dividend payment of 75k/share.
What are you still waiting for? Make your daughter rich at 21 if you really love her using this superlative stock.

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