₦airaland Forum

maishai:
Eti........ Those that snapped zenith @ 11.60 are just watching and waiting, I know people will beg for zenith @ #23. B4 dividend announcement come next year

At a PE of 2.6, Zee is still extremely undervalued. Even if the stock price doubles to N38, it would still be trading at a PE of just a little over 5, which many would argue, is still undervalued. If not for Buhari, how can a bank that made N200 billion+ NET profit, have a market cap of less than N600 billion? O wrong now.

Mcy56:
Moved with 15kobo nah. Lol.

Zee needs deliverance.

Mcy56:
Where FPIs are involved, it will still shake body.

Zenith bank still on its usual Snail movement parole, whereas GTB is on a rocket level.

Mcy56:
Zenith is good but it receives attention from lots of investors and money bags.
They can make or mar it at any slighted thing, one of the reasons I'm not a fan of Zee.

*Edited*

Zenith is being manipulated by evil forces.

ositadima1:
Gtb lost 6% today, I am now patiently wating at km 22 or 21 .

I don't understand the NSE anymore. Nothing there makes any sense.

onegentleguy:
Maybe u haven't come accross or read it but we have always stated it here.

The reason is in the word; EFFICIENCY... which is the ability of management to generate more(net income) from less asset(mainly cash in this case)
GTB does more with fewer asset than ZENITH with a higher asset base.
The interpretation of this is that GTB as an entity can generate(NPM/RoIC) a little more Naira than ZENITH assuming they were given an equal asset base.
...put differently, assuming u gave an equal amount of fund(say N10) to both banks, the former can erk out more profit(say 20k) at a faster pace than the latter, ceteris peribus.
So by implication, if GTB can generate more in lesser time, then they are clearly more EFFICIENT !!(time value for money in view)
Thats why GTB has historically had a better ROE, AER and CGPR than ZENITH BANK !!

There's a strong level of belief attached to that part in bold. which explains why as an investor, u would likely be inclined to take up an equity stake in the former at higher pricing.
...hence the price premium between both coys.

Things might change in future though. But for now, it is what it is !!

Regards

Thanks a lot for this explanation sir.

http://www.nse.com.ng/Financial_NewsDocs/31329_STANBIC_IBTC__HOLDINGS_PLC-NOTICE_OF_DELAY_IN_FILING_H.pdf

Emefiele is the one holding back all the results. Thunder fire his nyash

emmanuelewumi:
There is no hope

It's Buhari. Investors hate him.

IYGEAL:
Zee has finally touched N17

If it likes

ukay2:
We are good Madam.

Waiting for UGAZ Q2 reports

The CBN is delaying granting approval. Emefiele is just a useless guy all round.

https://www.bloomberg.com/amp/news/articles/2020-08-20/nigeria-s-japaul-seeks-70-million-for-mining-as-crude-falters

Japaul wants to raise $70 million. 419 company run by a Marlian CEO.

Bank's audited results to come out this week.

Mcy56:
Lol
.....but with the number of interested bargainers, it may still move up small, maybe touch 18 if the current momentum is sustained.

This Zenith is just a foolish stock sha. See as im be.

Justcul:
Yet to see results for Gtb, Zenith and access. What's happening?

2nd week of August. Theirs is audited so needs to go through CBN approval first.

X21:
http://www.nse.com.ng/Financial_NewsDocs/31043_FBN_HOLDINGS_PLC-_QUARTER_2_-_FINANCIAL_STATEMENT_FOR_.pdf

http://www.nse.com.ng/Financial_NewsDocs/31045_WEMA_BANK_PLC.-_QUARTER_2_-_FINANCIAL_STATEMENT_FOR_20.pdf

http://www.nse.com.ng/Financial_NewsDocs/31046_CADBURY_NIGERIA_PLC.-_QUARTER_2_-_FINANCIAL_STATEMENT_.pdf


Covid 19 impact more on Wema

Look at FBNH. Where are the people waiting for FUGAZ to fail? Why do the heathen rage, and the people imagine a vain thing?

veecovee:
With this result, do have change of mind

cc BEARBULL

ETI is not FUGAZ sha. Or more important, UGZ.

BrokerHaruna:
We warned that danger looms on Nigerian banks. The poor economy is constraining them while the CBN's erratic and irrational policies are suffocating them, destroying values as fallouts. To give an idea of the extent of the crisis, Zenith bank has limited use of their debit cards to maximum $200 per month! The crisis is serious.

All this one na story. FUGAZ is still strong like Olumo Rock. Banks limit use of their debit cards when there is usually a FOREX crisis, then they revert to the status quo when things stabilize, as they will. Think 2016, we've been here before. Stop mongering fear up and down.

Bjrokenhear003:
I said it that Dangote and his boys are up to something, getting ready to beat the previous high before dividend payment

Lafarge impressed me I must say. The comeback is massive

Pls I bought shares this year(May) in zenith bank, will I qualify for interim payment or when is their register closing

If you still holding on to those shares, you qualify.

Mcy56:
Zenith: Back to its usual 16.20 junction ......from 15.50........direction of this stock can be somehow unpredictable.......very volatile.....

Closed at N15.90. Zenith really pisses me off. I never understand why it doesn't move when its mates are flying.

DexterousOne:
Exactly my thoughts

I'm actually thinking more like N390, but we'll see. We just need Buhari out for this country to function properly.

aremso:
http://www.nse.com.ng/Financial_NewsDocs/30977_AFRICA_PRUDENTIAL_PLC-AFRICA_PRUDENTIAL_HALF_YEAR_EARN.pdf

http://www.nse.com.ng/Financial_NewsDocs/30978_ZENITH_BANK_PLC-ZENITH_BANK_PLC__CORPORATE_ACTIONS_JUL.pdf

Zenith never fails to disappoint with attractive dividends. When it's time to deliver share price appreciation, it would now start dragging its feet.

PETERiCHY:
Earlier this year when USD was still trading at N365 we adviced BARGAIN HUNTERS to put their LIFE SAVINGS in USD but someone said they don't spent dollar in Nigeria now the stage is set for a replay of 2016

First port of call is N520 per USD

BARGAIN HUNTERS TAKE NOTE!

I'm glad you said a replay of 2016 because if you recall it peaked at N520+ and then eventually dropped to N360. This thing will still reverse. Nigerians panic unnecessarily, and refuse to learn from history. Same way everyone was saying banks would report bad results for second quarter and my guy who is at GTB just confirmed to me that GTB's H1 results are still excellent in spite of lockdown, and interim dividend still dey. Their board met today.

Tvegas:
The hustle was real in those years. I think chams was even oversubscribed as some funds were returned . What of Food concepts, Geofluid, IAA, Universal , Union bank properties and so many private placement that failed?. In short for every 1 private placement that came out good, 10 had failed.

My summation of this market is that whether you go long term or short term . Dont sleep with your 2 eyes closed. As a long term investor book profit from time to time and move those funds to other classes of investment like bonds and real estate. How does one explain Zenith selling for N11 in 2010 and still sold for N11 in 2020?. Are we growing backward?

If we follow the patterns of blue chip stocks on the NYSE Zenith should be ranging between N25 year low and N45 year high for the past 5 years. So many things on the NSE beats commonsense.

Many things kn the NSE truly beat commonsense. Hiw banks like Gtbank and Zenith can be trading at a PE of 3 and 2.5 is beyond me. Worst case scenario should be PE of 6+.

Mcy56:
Boss, when Loco self was confused with TA and all the AAAs, I knew say Mr. Market has already confused chartists too.

....but I think market will still respond, even if it's for short period.
If GTB and Zenith could deliver and pay good interim dividends, market might generally respond positively.
It's just my opinion.

Interim dividends won't change anything, I'm afraid. It all boils down to the uncertainty regarding the current FX regime and general macroeconomic factors. Foreign Investors who drive activity in the capital markets are wary of Buhari and Godwin Emefiele's Nigeria at the moment.

Bjrokenhear003:
I’m in deep thought atm, why is the bank holding emergency meeting.

Any idea

TOE is building a new N12 billion mansion in Ikoyi, with JB as contractors. He has a lot of Dollar loans, and you know how things have been going. I hope UBA is well.

webizone:
Guys, the naira is still dropping. Is it wise to be invested in the NSE? I usually notice that whenever our naira is stabilizing or improving, it's usually during bullish times.

The Naira drop is largely as a result of unscrupulous speculators. We have been here before in 2016. Speculators drove it up to N530 to $1. Those who panicked and bought during that time lost so much money. It's going to happen again. Don't get carried away. Emefiele has said it. The demand for dollar is fake - there has been very little commercial activity; very little travel, very little importation, etc. The whole parallel market exchange rate is unjustified. Better use your money now and buy fundamentally sound banking stocks.

Just sitting down here and drawing so many parallels between the life of an Arsenal supporter and a long-term Zenith Bank shareholder. It's the hope that kills you, slowly.

Why isn't Zenith Bank's share price moving up like GTB? Who did Uncle Jim offend?

Dileem:
Please where do you guys view this in real time biko?Full bids etc? I mean what window or platform? Help a newbie. Thank you

Morgan Capital's platform. Reach out to them and open your account.

Zenith Bank still on its usual snail movement parole.

leo1234:
Why is Brent not going down like WTI ?

Because of God.