Lancee's Posts
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Mcy56:My oga jejebabsy is loaded for zenith and uba .. millions of shares ...with more stocks pick he can buy others ![]() |
DeRuggedProf:| ![]() |
Mcy56:UBA Btw 7.76-770 now ..not bad ..was 7.05 yester at beginning of tradng I think so for Access |
Mcy56:See uba life ...fbnh is almost catching up |
Mcy56: With their last min stunts |
Mcy56:Hope majority of profit takers re done.. Zee tryn to resist the pull back |
jamace:Exactly ..imagine 8% for a whole year ..locked funds down ..Na real meltdown Hope people won't terminate their Tbills later b4 maturity |
nna777:Maybe Next yr PAT ..don't think it will affect much this yr ..Lets keep watching |
Mcy56:u get am ..will def cross back to its 10 zone soon |
FBNH , Access getting back |
jamace:Same as well...now 62..we go all make the money |
DeRuggedProf: Neva reach that level ..once he reach then start getting ready to .... |
53 Guests ..or am I wrong .. You re all welcome |
Orijoo THESE 3 STOCK CAN EARN YOU MORE MONEY IN DIVIDENDS THAN I YR TBILLS It’s happening! The return on one year government Treasury bills have now fallen below the dividend yield of some of Nigeria’s biggest banks. Extrapolating from dividend paid in 2018, Zenith bank boasts the highest dividend yield among big banks at around 17 percent, some 700 basis points above the 10 percent stop rate for one-year treasury bills at last Wednesday’s primary auction and 600 basis points above inflation. Zenith’s superior returns have certainly caught the eye of investors who bought a record N5.9 billion worth of the tier-one lender’s shares last Wednesday alone, the most in the last seven trading days at least. Between Tuesday and Thursday, a total of 591 million Zenith bank shares valued at N10.6 billion were traded. The lender’s share price gained 8 percent in that period closing at N19.15 on Thursday, according to NSE (Nigerian Stock Exchange) data. That’s the highest price it has traded at since July 2019. There would be more to come in terms of demand for Zenith bank as local non-bank institutional investors now banned from purchasing high-yielding CBN securities, otherwise known as Open Market Operations (OMO), pile into the bank’s stocks. “Zenith has been on a tear since yields on treasury bills started collapsing and is showing no signs of slowing,” one trader told BusinessDay. “It presents a compelling case for dividend yield play at a time when yields in the fixed income market is fast falling below inflation rate,” the trader said. The yields on one T-Bills offer investors a negative real return of 1 percent, considering that inflation printed 11.23 percent at the last check in September. Expectations that yields in the fixed income market are heading to single-digits and with inflation tipped to rise in the coming months, stocks with double digit dividend yields are likely to see increased demand. Zenith is not the only big bank with dividend yields above the one-year government debt. United Bank for Africa has a dividend yield of 15.9 percent. Again, investors are noticing. A record 67 million shares worth N501 billion were traded Thursday alone, the most in the last seven trading days at least. UBA’s share price has jumped to N7.40, the highest since April 2019. Guaranty Trust Bank also slightly edges one-year treasury bills with a dividend yield of 11 percent. Investors traded a record 37 million units of GTB stocks worth N1.1 billion on Wednesday alone. The increased demand has pushed the lender’s share price to N29, the highest since September. LOLADE AKINMURELE |
Be like say weakest hands will be shaken now Got some Acesss will see how dat go go ..Mercy56 hope u re observing ![]() If uba can come down more ..Zee /Gt tryn to fight the bear |
LAFARGE SET TO REGAIN IT’S MOJO AFTER DISPOSING S.A OPERATIONS After the sale of its troublesome South Africa operations, Lafarge South Africa Holding Limited (LSAH) to LafargeHolcim Group for the sum of $316.2 million, figures from its third-quarter result for the period ended 30th September shows that the cement maker may be on the path to deliver stronger value for investors and shareholders. The group revenue which comprises Nigeria and LSAH was lower by 25.1percent to N53.91bn in Q3. This result accounts for July-September financial performance for Nigeria and July for LSAH operations. Within the period, Nigeria revenue dropped 7.25percent to N45.17bn in the third quarter on the back of lower cement volumes and price competition. Interestingly, despite this decline operating profit increased to N7.45bn with Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) growth of 73.9percent to N14.93bn supported by the sale of LSAH and reduction in cost base. Lafarge declared a net profit of N4.73bn as compared to a loss of N6.47bn recorded in Q3 2018. Net finance cost dropped 70.6percent year-on-year and 33.4 percent quarter-on-quarter to N3.18bn due to the repayment of $293mn parent company loan. The company had bought Lafarge South Africa Holdings to expand but the post-acquisition period in South Africa didn’t go as planned as the country’s cement sector became less unfriendly as the country slided into recession, increased in competitons, importation of cement in South Africa and increase in the price of cement price peaked. Nigerian cement volumes dropped 5percent year-on-year and 23.1percent quarter-on-quarter to 1.03mt in third quarter due to torrential rainfall and strong sales promotion by Dangote Cement. Analysts at Chapel Hill Denham, expects stronger volumes to support revenue growth for its Nigeria operations “Lafarge’s ready to mix business presents another avenue for growth as private infrastructure spend recovers,” The cement maker concluded a merger with Lafarge Ready Mix Limited in August 2019. In 2016, Lafarge S.A. France and Holcim Limited, Switzerland two large global players merged to form LafargeHolcim Group based in Zurich, Switzerland. Lafarge Africa is now a subsidiary company of Lafarge Holcim. OLUFIKAYO OWOEYE |
Barely one week after the CBN directed non-bank financial institutions not to participate in Open Market Operations (OMO) auction, equity investors have seen about N300billion added to their pockets. This has made stockbrokers happy, according to some of them who spoke to BusinessDay ahead of their upcoming conference. They see the upward trajectory continuing. Since Treasury Bills rates hit south on Wednesday, 13th November, the Bulls have locked horns with Bears in the equities market, leaving the ASI north-bound on 14th November, 2019. From N12.810trillion last weekend, equity value has risen to N13.087trillion. Aside the NSE ASI, almost all stocks have either hit north or maintained status quo with very minimal losses recorded on stocks. In fact, only 3 stocks made the top losers list on 14th November, this is the most gain we have seen in 6 months. Recently, many analysts were bold to tell investors in their notes to purchase the shares of GTB, Zenith and UBA based on their dividend and yield potentials. The performance is an indication of improving sentiment buoyed by the new CBN directive restricting local institutions from participating in OMO auction, which clearly favours the Equity market. “While we expect some profit-taking, we are of the opinion that the renewed interest will be sustained for the market to close in the green,” said Lagos based Vetiva Securities. “When money market rates are down, the equities market becomes attractive for better returns,” said Capital Bancorp |
Morgan I trade ..my orders no buy ..No connection |
RabbiDoracle: ...NSE |
Mcy56:Weak hands pressed down shaken away ![]() Fear ! |
Coolcash1:I trust u sir..u don dey ask the question since ..Seems the mkt don dey get back ..uba and access watching ! |
mendes911: ![]() |
Mcy56:U re right ! |
Godisfaithful:Is it b4 dividend or after .. ![]() |
fxuser:Totally Agree with u Fxuser ..structure is solid |
The Man don start to drop zee last batches for today Last min supplies on uba |
Mcy56:I noticed it @19.50 ...bull..bid was 19.55 ..he keeps supplying to knocked it down |
mendes911:He is codedly dropping it |
DeRuggedProf: I beg if u can ..I know u re able |
mendes911:Well laoded ..neva taya ..observing closing time |
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