₦airaland Forum

robobo:
im positive something is at play here. (maybe opportunistic acquisition, hence need for cash)

but the issue is that the market is not going to entertain anything like that. pple had wised up to the fact that what they eat (dividend) is what matter.

so you can expect maximum punishment for the rest of the week.

the bottom wld be quite deep particularly when there was no form of market warning before now (like profit warning / guidance or conference call hint during 6 month / 9 month result release)

market (worldwide including Nigeria) HATES surprises (like this)

it cld be fishing in the 4 - 5 range for a long time (minimum of 2 quarters) till the Management direction is known for such drastic drop in dividend payout.

N.B not an attempt to run down as im heavy here

NSE is a weird place. Don't be surpprise to see UBA go up within a short time. They did very well, so I wonder why they will be paying less dividend. It is still a surprise to me. We all anticipated a bad result from Nigerian companies but they turned the corner. Shareholders deserve better.

UBA made more money in 2020 but are paying less dividend. Total of N.52 as opposed to N1 paid last year.

May be 2021 will be the real ghetto.

At this rate, it is only God that knows what Access Bank will do.

Dividend hunters got it wrong this time.

OBAGADAFFI:
Dangote Sugar got the better Market advantage, unlike NASCON.

You are very correct.

yMcy56:
DANGSUGAR:
http://www.nse.com.ng/Financial_NewsDocs/32508_DANGOTE_SUGAR_REFINERY_PLC%20_AUDITED_FINANCIAL_STATEMEN.pdf

Sugar people are eating good this year.

Sent a message to @StanChartNG that my account was locked. They responded quickly and unlocked. The message I sent to Gtbank since December went unanswered until an old friend from Benin stepped in.

Stanchart runs a global call center not just in Nigeria and they are efficient.

I have decided to stop using local African banks because they aren't serious yet about customer service. Financial services is not about building branches or having plenty overworked and poorly paid people. It is about giving and receiving service with joy.

Copied.

Agbalowomeri:
Bros isn't that the pattern with zenith bank after dividend announcements�‍♂️

Check Zenith bank volume from last year even way before dividend was announced. You will see a pattern. I don't hold a single unit of the bank though.

Lion123:
In my layman knowledge, I also think investors favour GTBank over Zenith because GTBank has much better corporate governance than Zenith. Zenith is really a one-man business. Uncle Jim has all the power he appoints and fires CEOs at will. Everyone knows the next CEO is that yellow lady who is currently the Deputy CEO and her story is long. GTBank has a lot more stability in that regard, and the fact that PepsiCo hired Segun Agbaje to join their board shows that foreigners rate him and the bank very highly.

And you think investors sentiment doesn't change with time. Watch Zenith bank closely. It is not ghosts that do those billion naira transaction almost every other day o.

Mcy56:
ZENITH: All roads leads to this stock today.......
Over N1.1B done so far ....and still counting......
Though deep pockets are sighted on offer table with offers far outweigh bids, yet positive sentiments with juicy Dividend keeps investors buying.......
Can the mountain @N27 be leveled? We wait and see.......

AFRIPRUD: Bargain hunters sighted on bid table.........with bids far outweigh offers.......

ACCESS/UBA/FBNH/GT/FIDELITY getting attentions too........Zenith giving investors hope on these ones......

In terms of Dividend, UBA will likely pay much more than ACCESS............in terms of sentiments, ACCESS carries higher mark here.......we watch as it unfolds.......

If Access surprises us, that will be a bang.

Lion123:
Being the most efficient bank is not in terms of customer service. It's in the fact that GTBank achieves almost the same profit as Zenith, with a LOT LESS cash. The smarter folks here can explain this better

Effeciency in asset utilisation and not on people who bring in the money is penny wise, pounds foolish. It is only a matter of time before that bank unravels if they don't improve. Note what I just told you.

Mcy56:
I sometimes thought it's only me, the hype around that stock is too much.......
It's just investors sentiments that I saw at play........

It's just like the case of Stanbic too, trading higher than others in the sector and will sometimes still come up with 40kobo as Dividend......what are they doing differently from the likes of GT & Zee that makes the stock a premium one?

It is big sentiment dear. Go to any GTB brank and seek for the simplest of support or for your queries to be resolved or even send them a message on twitter. They won't even respond for months. It is not a retail bank. Most of the fraud in the banking sector also happens there.

We all need to study Zenith bank. How they make so much every year is still a mystery.

Justcul:
Now, we await the most efficient bank in Nigeria

What is efficient about GTB. It is actually one of the worst run bank in Nigeria.

UCAP is paying 70kobo dividend while Afripud will pay 50kobo. That's some reverse.

Nsempa 1: Peter 0. Score line for today.

NSE doing its thing. Blood and more blood.

Peter 5 : Nsempa 0. Score line so far.


Meanhile, buy now if you can, market will reverse later in the day.

megawealth01:
Anything fit happen for this market ooooo... Just see as plenty dey look for bailout from CHAMPIONS only for opportunity to come they no gree comot...

As for Champions, every seasoned trader knew the moment it got N3, entering was going to be suicidal. Risk to reward too high

PETERiCHY:
It's about to get down

ZENITHBANK Update

5m bids verse 60m offer

Our TARGET PRICE is N10.10k

BARGAIN HUNTERS TAKE NOTE!

Peter 2: Nsempa 0. Score line for now.

FCMB market maker is the best. He puts in a lot of work. Price no gree fall.

Some people are now holding bags in champions brewery. May be they will be able to bail out in the next cycle. If not, they will be there for a long time except something positive justifying the price happens.

Everywhere is calm. Looks like Peter is winning again today.

PETERiCHY:
Indeed there is FIRE in KATANGA

Peter doesn't disappoint. See the way I am laughing. Well done bro. Enjoy your day.

Today is Peter's day. I expect a powerful meme at the end of the end.

Audacius:
Hmmm. I was able to hand over Afromedia to my successor today. I wish them happy schooling. I have been schooling since 2011 when I opened my account and was excited to click and click. I bought "gude" not knowing. Even if e wan turn N10 now, I no do again. Happy Grad to me.

Hahahaha. Such an expensive fee. Hope they award you the needed certificate

megawealth01:
Seems you are in this ship

No chief. Touch it last in 2019.

Fidelity is way too undervalued.

ukay2:
Not getting you Sir

I mean they almost doubled their end of year profit. Like 90 something percent growth.

Nem Insurance almost doubled their profit for the year. Nice growth.

At this rate, Wapco will see N40 sooner than we expect.

yMcy56:
You made the right call here.

Thank you. Unfortunately, I don't trade Japaul.

Jijo guys should get set to buy Japaul tomorrow. Will likely go on bid.

Meanwhile, the amount of money going into Wapco has been huge. Either the company is buying back quietly or a very serious entity is loading up. Either way, if you want Wapco, you should have bought by now. Should touch N30 soon with way it is going.

yMcy56:
You're right about the unseriousness of FG........BUT remember where intervention funds are expected, whereby they can Syphon their share, they'll go ahead.....even though it doesn't concern them if it flops later later.

A part of the article says "M&B and FG team .......are spearheading the drive for either local production OR partnership arrangement for the manufacturing of the vaccines outside the country"

Either way, M&B wins here........Except the whole thing is canceled.......Which is not an option with the look of things.
Just my opinion anyway, I may be wrong.
**Not any form of advice**

Let's see how it goes .

When the world has found vaccines already, it is now they want to give M&B money. Why wait this long?

Well, boys must chop