sirflav:
please be warned!! there is a systematic selling of Zenith bank because the 4th qtr result is very bad due to high increase in loan impairment charges.

this is what i have heard so maybe we should trade Zenith with caution

chai..systematic selling..ok now..we don hear..na today? Abegi, were my pillow sef..

angelo82:


Follow your heart because some people might be putting fear in you just to sell cheap.

Yeah thanks sir ...That was why i asked that question

Late comers!

lancee:



Was there any profit warnings ?

Very bad u said ..ok thanks for your info

There is no need for profit warning it was only the 4th that was bad but overall FY result will come as a surprise to many of us. That is what i was told by mr accountant .

As for me I have been wondering why the delay in releasing their result unlike last yr and why did it crash so low in January and hard to return to even N14?

megainvest:
Late comers!

Very funny

sirflav:


There is no need for profit warning it was only the 4th that was bad but overall FY result will come as a surprise to many of us. That is what i was told by mr accountant .

As for me I have been wondering why the delay in releasing their result unlike last yr and why did it crash so low in January and hard to return to even N14?

Then what about GTB sir , why did it crashed from 30 , rem zenith crashed from 18 to 8.98 , and gtb from 30 to 13.28 thereabout
So that means bt zenith and gtb have the same issues

Did ur accountant said anythng abt GTB result too? ...maybe he is still analysing GTB
When was last yr result relaeased sir ?

Anyways anything is possible

sirflav:


There is no need for profit warning it was only the 4th that was bad but overall FY result will come as a surprise to many of us. That is what i was told by mr accountant .

As for me I have been wondering why the delay in releasing their result unlike last yr and why did it crash so low in January and hard to return to even N14?

I will call my contacts cos I am heavily invested here. U fit dey correct, no doubt but which loans exactly were impaired to the extent of probably wiping out all quarter 4 profits and eating into the 84 billion PAT so far?

GTB and Access were more exposed to Oil and Gas. Zenith does not do much of SME but lends more to blue chips. Dang Cem, Nestle, NB all constitute a huge part of their 1.7 trillion loan asset base.

In summary, I don't trust ur info but since I am fully invested here, I better verify to prevent stories that touch.

sirflav:
please be warned!! there is a systematic selling of Zenith bank because the 4th qtr result is very bad due to high increase in loan impairment charges.

this is what i have heard so maybe we should trade Zenith with caution

bros thank u oooohhh! Na so u like us reach

lancee:



Then what about GTB sir , why did it crashed from 30 , rem zenith crashed from 18 to 8.98 , and gtb from 30 to 13.28 thereabout
So that means bt zenith and gtb have the same issues

Did ur accountant said anythng abt GTB result too? ...maybe he is still analysing GTB
When was last yr result relaeased sir ?

Anyways anything is possible

They want to fight the trend !

donmarshia:


I will call my contacts cos I am heavily invested here. U fit dey correct, no doubt but which loans exactly were impaired to the extent of probably wiping out all quarter 4 profits and eating into the 84 billion PAT so far?

GTB and Access were more exposed to Oil and Gas. Zenith does not do much of SME but lends more to blue chips. Dang Cem, Nestle, NB all constitute a huge part of their 1.7 trillion loan asset base.

In summary, I don't trust ur info but since I am fully invested here, I better verify to prevent stories that touch.

Sir funny enough my info came from someone in Avuru's office who is friends with the 'mr accountant'. Those in the oil industry already know what is happening

Zenith Bank, also known as Climax Bank is likely to gain at least 7% tomorrow!

Zenith now on full bid!

sirflav:
please be warned!! there is a systematic selling of Zenith bank because the 4th qtr result is very bad due to high increase in loan impairment charges.

this is what i have heard so maybe we should trade Zenith with caution

systematic selling and systematic buying..ok..we dey here..a le salo..abegi, wey ma orijin make I cool temper..

Dear all, do your analysis check with your sources as well.

I am heavily invested in Zenith but I'm not long on them.

I plan to sell cum div once they have made the necessary announcement.

That being said I do know of a significant (read >$40m) oil & gas related exposure they have that would take a hit whether in '15 or '16

Na their accountants plus auditors them know how them go cook and serve that dish to the shareholders.

This is the NSE... where you cannot punish management for irresponsible stewardship.

I WILL MAKE MONEY IN THIS NSE SHA!!!

Anyone using Investment One website for direct trading? I can't trade since last week. My account officer kept denying they have a problem.

advise on diamond, fcmb n Fidelity

The worst that can happen to Zenith is a flat result YoY. N1.5 Dividend is still within reach and that is all the bull needs to reach N15.

megainvest:
The worst that can happen to Zenith is a flat result YoY. N1.5 Dividend is still within reach and that is all the bull needs to reach N15.

Sir, patient is all it takes. The result will be released anytime from now

megainvest:
The worst that can happen to Zenith is a flat result YoY. N1.5 Dividend is still within reach and that is all the bull needs to reach N15.

Even N1.20 dividend is a good one!

Godisfaithful:



Sir, patient is all it takes. The result will be released anytime from now

Sir,patience is a great virtue in equity investment!

But who are those ppl in Zenith Selling nah....

make me not to lose my hard earned money o

EDUECO:
Even N1.20 dividend is a good one!

even N1.00 is still a good one ..small small it will reach 75k

Raider76:
Anyone using Investment One website for direct trading? I can't trade since last week. My account officer kept denying they have a problem.

Yes I use investment one and I traded on it yesterday.

they are Selling off Zenith at 11.63 because i just saw over 1 million bid at 11.63 then a seller sold everything

Who are those dumping zenith?

Dollops:

Yes I use investment one and I traded on it yesterday.

re: investment one
its working . just used it now

stokfrick:
Who are those dumping zenith?

over 23m net bid.

stokfrick:
Who are those dumping zenith?

is true nah that is what happened last week

Raider76:
Anyone using Investment One website for direct trading? I can't trade since last week. My account officer kept denying they have a problem.

why don't you use their app?

bigjay01:


over 23m net bid.

but most of them are waiting below 11.20 but what is paining me is that some ppl are not patient they are just taking advantage and Selling

I just pray it doesn't Crash by tomorrow

In a real bull powered by genuine info or news, sellers will not be this benevolent to give of their wealth, hence there will be low volume traded for the day in d presence of so much bidders!!