locodemy:


Good you observed.Next week dont use this pattern you are impacting in us now.
Those stocks you mentioned now are trying to respond to the bull calls but deep pocket guys are not yet through.

JUST OBSERVING LIKE YOU TOO.

Okay sir.

THE possibility of yet another round of systemic failure in the banking industry, raised recently by the Nigerian Deposit Insurance Corporation, calls for quick, concerted pre-emptive action. The revelation by Umaru Ibrahim, managing director of the NDIC, that weak corporate governance and internal controls were tipping the financial sector towards crisis conflated with a similar alarm raised by the International Monetary Fund anchored on weak regulation and adverse operating conditions. With the economy falling short of growth projections, urgent, extraordinary measures should be adopted today to prevent a catastrophe.

https://punchng.com/nigeria-cant-afford-another-bank-distress/

"One day cars will run on water"
BANK PHB comes to mind

PETERiCHY:
THE possibility of yet another round of systemic failure in the banking industry, raised recently by the Nigerian Deposit Insurance Corporation, calls for quick, concerted pre-emptive action. The revelation by Umaru Ibrahim, managing director of the NDIC, that weak corporate governance and internal controls were tipping the financial sector towards crisis conflated with a similar alarm raised by the International Monetary Fund anchored on weak regulation and adverse operating conditions. With the economy falling short of growth projections, urgent, extraordinary measures should be adopted today to prevent a catastrophe.

https://punchng.com/nigeria-cant-afford-another-bank-distress/

"One day cars will run on water"
BANK PHB comes to mind

may be this will bring zenith to sub #20

maishai:

may be this will bring zenith to sub #20

Little less if bear has its way

maishai:
may be this will bring zenith to sub #20

It will be hovering around #25 Until interim dividend is paid. Sub #18 is sure before December.

maishai:
may be this will bring zenith to sub #20

It will be hovering around #25 Until interim dividend is paid. Sub #18 is sure before December.

locodemy:


It will be hovering around #25 Until interim dividend is paid.
Sub #18 is sure before December.

Chai

It actually behaved this way in 2014.

Another week running out. Who is shifting the bull goal-post? We wait patiently.....we have seen the bear, the mini warm-up bull, next must be the main bull

safepaulooo:
Another week running out. Who is shifting the bull goal-post? We wait patiently.....we have seen the bear, the mini warm-up bull, next must be the main bull

You will soon enjoy with this.Thanks for your endurance.

This is Zenith's journey to 15.37 in 2014 pre-election year.

The big blow was dealt in the last quarter.

locodemy:


You will soon enjoy with this.Thanks for your endurance.

Better Myan Ngwo

musty00:
This is Zenith's journey to 15.37 in 2014 pre-election year.

The big blow was dealt in the last quarter.

Honey Mustard

locodemy:


It will be hovering around #25 Until interim dividend is paid.
Sub #18 is sure before December.

This confirms that Sir Loco has sold his Zenith Bank shares.

mendes911:

This confirms that Sir Loco has sold his Zenith Bank shares.

If i sell you will know.I never sell.I will even add more tomorrow.

safepaulooo:

Better Myan Ngwo

come add it isi efi.

musty00:
This is Zenith's journey to 15.37 in 2014 pre-election year.

The big blow was dealt in the last quarter.

Thanks.Did you also check the Q1,2 and 3 earnings to know why the price fell in a descending order?

Although 2018 Q2 will give us a clearer picture of what will happen later in the year.

locodemy:


Thanks.Did you also check the Q1,2 and 3 earnings to know why the price fell in a descending order?

Although 2018 Q2 will give us a clearer picture of what will happen later in the year.

This sell off was across board o, not only Zenith. I only pulled out Zenith because we were talking about Zenith. It was a massive sell off by FPI's, irrespective of quarterly performance. It was transfer of wealth.

I won't miss out of this bonanza this year (buy 1, get 2 free).

We (Nigerians) know that elections will come and go without any war and all those election hypes, but the FPI's won't take any chances, they will still sell. The sell off might not be as bad this year though, no one knows.

I plan to be in full cash before August, IF I'm able to exit my remaining stocks (Zenith inclusive).

musty00:


This sell off was across board o, not only Zenith. I only pulled out Zenith because we were talking about Zenith. It was a massive sell off by FPI's, irrespective of quarterly performance. It was transfer of wealth.

I won't miss out of this bonanza this year (buy 1, get 2 free).

We (Nigerians) know that elections will come and go without any war and all those election hypes, but the FPI's won't take any chances, they will still sell. The sell off might not be as bad this year though, no one knows.

I plan to be in full cash before August, IF I'm able to exit my remaining stocks (Zenith inclusive).

That 2014 sell off was mainly due to crude price crash

Agbalowomeri:


That 2014 sell off was mainly due to crude price crash

Maybe pre-2011general elections (2010) should be the reference point.

Agbalowomeri:


That 2014 sell off was mainly due to crude price crash

Yeah you're right, Oil price was also crashing around that period, but election was also a major factor. I remember the crazy bull that followed when Buhari won and Jonathan conceded defeat.

Let's see how it goes this time.

musty00:


Yeah you're right, Oil price was also crashing around that period, but election was also a major factor. I remember the crazy bull that followed when Buhari won and Jonathan conceded defeat.

Let's see how it goes this time.

Sideways, if oil remains up

Mpeace:
Maybe pre-2011general elections (2010) should be the reference point.

Yeah, it would be nice if one can get some data for this period for comparison.

musty00:


Yeah, it would be nice if one can get some data for this period for comparison.

pls help us to do it.It will help us alot.we are about entering a critical time in the stock market.

Agbalowomeri:


Sideways, if oil remains up

Hmm....It would be interesting to see sideways trading for most of August to December.

Remember that the market got 11 straight days bashing in May when oil was at its highest prices.

Now that oil has stabilized above 70 it seems to be a forgotten issue to many, oil will start having any notable impact again when it falls substantially.

For now, other factors can still bring the market down even if oil remains up.

musty00:


Hmm....It would be interesting to see sideways trading for most of August to December.

Remember that the market got 11 straight days bashing in May when oil was at its highest prices.

Now that oil has stabilized above 70 it seems to be a forgotten issue to many, oil will start having any notable impact again when it falls substantially.

For now, other factors can still bring the market down even if oil remains up.

I am now enjoying your write up.
You are an old wine.
which moniker were you using before?
Just say it dont hide it for us pls.

locodemy:



I am now enjoying your write up.
You are an old wine.
which moniker were you using before?
Just say it dont hide it for us pls.

Na Senior Tolu

musty00:


This sell off was across board o, not only Zenith. I only pulled out Zenith because we were talking about Zenith. It was a massive sell off by FPI's, irrespective of quarterly performance. It was transfer of wealth.

I won't miss out of this bonanza this year (buy 1, get 2 free).

We (Nigerians) know that elections will come and go without any war and all those election hypes, but the FPI's won't take any chances, they will still sell. The sell off might not be as bad this year though, no one knows.

I plan to be in full cash before August, IF I'm able to exit my remaining stocks (Zenith inclusive).

It wasn't across broad. That same year(2014), forte oil opening price was 92 naira ( JAN 2nd 2014), and closed at 226 naira ( DEC 31 2014).

Locodemy made a very good point. Those stocks that depreciated massively in price in 2014, check out their fundamentals for the year.

Calebbold:


It wasn't across broad. That same year(2014), forte oil opening price was 92 naira ( JAN 2nd 2014), and closed at 226 naira ( DEC 31 2014).

Locodemy made a very good point. Those stocks that depreciated massively in price in 2014, check out their fundamentals for the year.

Bros which fundamentals are u talking about? You only picked out forte oil the outlier. Virtually all stocks crashed

locodemy:



I am now enjoying your write up.
You are an old wine.
which moniker were you using before?
Just say it dont hide it for us pls.

Mcy56 asked this question before. But this is my only moniker here.

I've been learning from you guys here for a long time as a GUEST. I kept postponing registering. You're all my bosses.

Used to read SMN as a GUEST as far back. Been learning from most of the SMN ogas here a long time ago, the likes of Agba, Oracle, Wanaj0, Pa Emma, etc

Agbalowomeri:


Na Senior Tolu

Tolu go vex with you o

Calebbold:


It wasn't across broad. That same year(2014), forte oil opening price was 92 naira ( JAN 2nd 2014), and closed at 226 naira ( DEC 31 2014).

Locodemy made a very good point. Those stocks that depreciated massively in price in 2014, check out their fundamentals for the year.

Maybe you're looking at another year. The crash was across board in 2014. I shared something here recently with High, Low and %loss.