₦airaland Forum

Thisnut:
story it's not a Nigerian but if you care to know the name, it's navy federal credit union.


My basic knowledge about business should not be what you think you can make a lot from but doing things you love to do and not what someones else's is doing. Someone here said he would rather be a pastor with less money than being a consultant with a multi national company with 6 figures, a lot of folks out here hung him with a noose .

I'm a Christian but not the religious type. I go to church at my convenience, i don't pay tithe and i seldom pay offering. If God would not bless me because i don't pay for shit make he carry him blessing go else where. Last last everyone go die one day

yes we will all die surely one day but we should be ready to meet our maker cos our makers manual tells us that as it is appointed onto man to die once then judgment follows and that is why we should not live a care free life. I have lost my dad when i was a little child, lost 3 siblings and lost my mum last year so its just the grace of God that has kept me going not because am too smart academically or anything else and am not all superb just the grace and favor of God i must not misuse that grace. Since i dont know the day of my visitation by my maker

Any info on UNIONDAC?

DOLLARTEX:
in other news,tomorrow is the payment day for zenith.Mr aremso when do they normally pay?is it in the morning or evening.make I prepare my mind.

it will drop in the afternoon

GonFreecss1:
With what you have explained, you are working for your money. It's not working for you.

Any how u put it all i know is the strategy am using is ok for me and am very fine with it. The rest is for you to decipher if am working for my money or the money works for me

234ng44uk:
I laugh in Chinese. The more money you have, the more greedy you become. By greed I don't mean investment recklessness, just a tendency to want to make more money. You'll always have the next target, and the next, and another next. I'm yet to see anyone with good financial worth crying that he's making too much profit.

yes ooo very correct in those days when i started with 100k i was was eyeing 1m from 1m i was eyeing 10m that it would be fine for me, i got the 10m i then switched to 15m then i have started looking at how to get 20m by year end. The truth is, only death that can put an end to human greed. But i make sure am ok with whatever i have while pursuing the next target

awesomeJ:
Somebody is hunting for a 250k dividend which is effectively 225k after knocking off WHT. Why will they buy at say 2200k ( BEP @ 2265) and then plan to sell at 1900.
Adding the 225k to 1900 takes their proceeds to 2125. Implying a 150k loss for all their troubles.

I think 20.50 should be the least level for all dividend-hunters induced crash.

One thing we should bear in mind is that for sound stocks like this, their book value increases year in year out (by more than 10%). So the market may actually price this in.

zenith is a kind of stock that if one knows how to play game in it, one will not pay school fees at all or at least pay little fees. Some may not take my words but from my experience all these while after marking down it will do IGG then go down the rise after q1 result then some investors will use that opportunity to bail out then starts coming down after the q1 IGG then it will galloping till oct/nov when investors come again to line up for FY result/dividend expectations. Many newbies put head after when they notice IGG after marking down or after q1 result and only to buy at higher price thinking the price would be sustained but alas the price kept going down till it get to a certain level it will be galloping. So i enter at a very good price qualify for the dividend, wait for IGG then bail out. One has to be smart the theory of when you buy a stock you own it as if is your company in economy such as Nigeria? Haa i no do! Most important thing for me is for my money to keep working 24/7, TB, mmf are there for me to tap into while waiting for another planting season.

http://www.nse.com.ng/Financial_NewsDocs/25303_U_B_A_PLC_CORPORATE_ACTIONS_MARCH_2019.pdf

Just 0.65kobo

PharmAlfred:
When will this market rise again? Everything seems to be going down. Technical analysts to the rescue.


This is certainly Buhari's effect at work.
If the election had gone the other way, I am sure the market would have had an upward surge.

we are in the process of wealth transfer for the smart guys, it cant be like this for 4yrs.

Gurus,

Any info on uba result? the thing inside me is telling me to bail out after the result before i come dey chop better cain oo!

dipoolowoo:
Access Bank Declares 25 Kobo Dividend After Recording N95b Profit
https://businesspost.ng/2019/03/15/fy18-access-bank-declares-20-kobo-dividend-after-n95b-profit/

with diluted shares post merger, will they ever have the same EPS?

locodemy:
Hmmm.This initial gra gra of zenith @ 23.50 should come back again before closing o.

u wan buy for 23.5?

My Good people,

Any info on UBA?

gamaliel9:
https://www.nairaland.com/5077875/court-orders-ecobank-forfeit-n22.5bn


Any implication?

Though they will still appeal the verdict but if in the long run no success, it will definitely affect their earnings. It may not be that of 2018 FY it may be this current yr

Beautyaddy:
So did you lie to the CBP officers that you were not pregnant or you hid it from them?

Your story is not making sense

Why are we Nigerian don't always like to be straight forward like this? Someone who was pregnant which am sure her EDD was very near traveled to us claiming just for shopping only then ended up giving birth under the pretence of complications. Hmmm that why these people will continue to treat us like slaves. We may end up creating more problems for the futures of these children we are trying to give dreamed wonderful future through our unable to say things as they are.

maishai:
This can be the first step in a series of process to get this field back to full production, I read somewhere of a local ogoni chieftain trying to acquire the field so that Ogonis can own it...... I will have to dig deeper to know if transcorp has paid the sum Shell was asking for.........Also the federal government does not really want to operate the field, they own 55% of the joint venture so this move is kind of a way to establish smooth operations of the field.........

Info will always be the key, brothers and sisters lets keep this alive

I was in ogoni recently on fact finding mission and from my enquiry, the ogoni people does not want shell back again instead they want multinational like Mobil, addax and Chevron. No ordinary ogoni would be allowed by their people to acquire the field because of their nature to each other. They preferred the multinational I mentioned. If government can operate it through JV it will go a long way in improving the lives of this people. They are backward in many things especially good schools and other social amenities. There a lots of legal issues surrounding ogoni oil field for now and any company going in without knowing the nitty gritty of what is on ground am afraid such is in for serious trouble. Magnus abbey is an ogoni man and what he displayed during APC issues in rivers is typically nature of an ogoni man. Pls oo I don't belongs to any party just used that as ref. So caveat emptor for any coy going to ogoni before they acquire legal issues instead of acquiring oil field. An average ogoni man likes to settle his matters via court of law

Yayira:
I see a foreign hand there..
Those guys will never buy high.. market always in their favor

hmmm foreign investor that did not buy FBN @7.8-7.9 now buying @ 8.20 and you said they dont buy high. Pls enlighten me here on the bolded

PETERiCHY:
Which new government
Which direction
Which confidence
Abeg enjoy the NEXT LEVEL.while some of us wait for ZEEBEE@#16 junction

Yes oo this kind of nextlevel will make we small boy get better money, @16 na to dey load all my bullets for 1m units and las las we go smile.

Mcy56:
I don't expect it to be that difficult since its more of continuation.

Just hope so

ndidigood:
M happy quickly comot yesterday.
Some comment here de make person de take good decision
Thank you Mr.Aremso

Madam Na God no be me oo once the thing He put inside me tell me to do something na so i go follow do am ooo if not na to chop cain be that oo

Mcy56:
Zenith ooooo
I think the newly elected govt needs to give direction soonest so as restore confidence in the market.

untill ministers are appointed after may 29 dont expect much to happen in my own opinion

ndidigood:
daz y, l nwa charly no do obvious rubbish stock again neva

yes oooo that is the best way to go, i just pick max 4 stocks then am ok and i even want to do just 3 best stocks for both capital appreciation and dividend.

Mcy56:
I wonder how much those stocks must have tied down and I'm sure you must have purchased at higher prices.
To sell at 20k is just like 'at all at all, na im bad' .....but then no buyers.
Well, there's still hope since they are yet to be delisted.

i have written off the money as bad debt in my life though it caused a little financial set back for me cos i entered at higher prices. Hope? my own hope on these stock has gone with MKO hope 93. ooo

ndidigood:
Like staco insurance abi assurance

haaaa i dey this one too infact, when i told my broker then to sell for me he said there was no buyer so i stay in the bus finally for now.

Mcy56:
I hope no one is joining them to rush Chams here. If you buy na OYO you dey o.

hmmmm the stock i will never forget in my life, i bought it going to 10yrs now i have been locked in the bus and key thrown into the lagoon so i jejely accepted my faith like that. Never in my life will i buy a stock on hear say again. Since i have made huge loss already so i dont worry myself again

locodemy:
Just because the media said they are targeting top 10 insurance companies in Nigeria in 2019.

No FA,TA etc..........SUNU is SUNU.

I wonder why one should ask a fellow to buy kpomo when there are beef's

and the fellow can not do small findings himself before going for the kpomo?

Chibuking81:
Many factors affected stocks generally last year, from ups and down of crude oil, to drops in EPS of many companies, and generally to the fear of unknown of 2019 general election outcome which forces many foreign investors to bail out from the market. But despite the whole urge Zenith move up with 62 kobo in 2018 final from their 2017 final year, from #5.53 Eps to #6.15 Eps

Most of those factors that forces stocks to go down will not repeat itself again this year. Election has come and go, Foreign investors will soon gradually coming back to market. Am seen Zenith bank returning close to hundred percent this year from their current price.

Quite understands your points but go through the price history of the stock from at least 2011 -2018 and tell me how the price has be able to sustain after marking down. You can also get this on investing.com. if you think you will have 100% this year from the current price then I want to see that magic of even #40.

Chibuking81:
Some will sell Zenith bank at 22.70 and will want to see it go down to 18, only to be disappointed in seeing it heading to #30. I have followed Zenith bank movement for some years now, the stock usually move up after their markdown, when the fearful ones has exited.

2.50 for ten years is #25, meaning in ten year with annual payment of dividend and interim, ones holding in Zenith will seen to be free.

Sorry pls for how long does the price upside sustained when the stock is marked down for dividend? 2017 FY i sold the stock after marked down i sold @27.30 the stock rose to 28+ something and later was fluctuating between 23-24 later dived to 19+ then back to 20+ at the junction where i picked mine. I want to be a smart investor and not the emotional one, i have never made loss investing in zenith bank and the strategy as really worked for me and i will stick to it. i will always go in at a reasonable price qualify for the dividend wait a bit then bail out to money market then re-enter again toward end of the yr.

Chibuking81:
Zenith is not crashing 22.55 + 2.50 ( dividend) = #25.05. It was markdown to 22.45 yesterday, meaning that at 22.55 it gain 10 kobo from its markdown. Zenith will soon go back to #24/25.

Oga, i like been realistic i have been following zenith for more than a decade is a kind of nasty stock that u can cant beat your chest about and it is only result/FPI that can only allow it to appreciate in price. you may be correct but if FPI are not having intrest in it my brother forget it the price would be around 20-21 couple with the political uncertainty. Even when there was massive bull in 2017 when gtb was doing 55 zenith max was around 35, maybe quaterly result might be pushing it once in a while or if or if foreign investors delve into it but i dont think it would be sustained. Major rally would be around round when they want to release their year end result. But if rates in money market are higher then load you gun with enough bullet to kill as much as you can kill cos FPI will want to go for bons tbs mmf that have lesser risk.

Gurus,

should i wait for GTB dividend or bail out and re-enter later?

Mcy56:
Great! Dont forget to pay your tithe sir.

ok ma

Mcy56:
Zenith na one kind stock. Hope you didn't sell at loss anyway.

Never! Thanks

DOLLARTEX:
you are gone already?so fast!

Let me be drinking water on top of my gain for now, zenith is a crazy stock it can go back to N20 and all the gain wiped off