Mfunkynation:
biko any idea fide go pay n will dia price appreciation

only the board knows.

i expect a 30k div

i hope n pray they dont issue a profit warning BUT i dont expect that. their 3rd quater was on point. most of the ppl issuing warning had a shaky 3rd quarter.l

i bought tashere units of access wit the small money from the exit of gtb bought with the forgotten money in d itrade acnt.

playing kalo kalo with my money on nse.

mercylicious:
ZEnith no be gtb.
Fpi is almost sold out in zenith, but are still many in gtb.

Let's see how e go be tommorow.

Not so true, the FPI are more in Zenith than GTB as seen below, so expect anything tomorrow.

NIGERIA | EQUITIES | BANKING | Zenith Bank Plc

Q4 2015 results highlight:

· Net interest income:+29.6% q/q; +0.1% y/y



· Investment & operating income: -84.4% q/q; -85.4% y/y



· PBT declined by -32.3% q/q; -34.6% y/y

Zenith Bank released its Q4 2015 results today which were uninspiring on a q/q and y/y basis. PBT declined by -34.6% y/y to N21.56bn, despite a -22.1% fall in total operating expenses. The performance was driven by a -85.4% y/y contraction in investment and operating income and a +27.3% y/y increase in loan impairment charges while net interest income was virtually flat at N63.18bn.

Sequentially, the +29.6% q/q rise in net interest income and -4.1% q/q decline in total operating expenses were weighed on by a -84.4% q/q decrease in investment and operating income, despite a +58% q/q increase in treasury bill trading income. In addition, a +136% q/q increase in loan impairment charges pushed PBT down -32.3% q/q.

We highlight the significant reduction in investment and operating income; due to an N11.5bn drop in fees and commission (versus Q3 2015), FX trading loss of N6.4bn and other income loss of N4.4bn in the quarter.

On a full year basis, PBT was up +4.9% y/y due to a +8.8% y/y increase in net interest income offsetting the -6.1% y/y fall in investment and operating income and the 20% y/y jump in loan impairment charges.

Given the low interest rate environment, weak economic output and the difficulties corporates face in sourcing FX, we may not see improvement in net interest income and FX trading income in Q1 2016.

The company proposed a final divided of N1.55kobo representing a dividend yield of 12.08% as at today’s close price.

While our models are under review, we rate Zenith Bank (BUY). Our price target is N17.90.



Source: Investment One Research

Please house I want us to debate on Fcmb.. I want to buy Fcmb for long term.. But I want to enter Fcmb @ a good price.. Please will Fcmb 2015 result be a net loss? Today Fcmb was on full offer

@david, when was the report last updated?

davide470:
Not so true, the FPI are more in Zenith than GTB as seen below, so expect anything tomorrow.

Chief, I'm not sure this position is not dated.

I recently read on Bloomberg where Aberdeen said they had exited ALL their Nigerian equity positions...except na just mouth

@perewisely, what are the charts telling u?

mercylicious:
@david, when was the report last updated?

March 1st.

Outflows from Zenith was between October 2015 and Jan. 2016, but still, their FPI has not dwindled like that.

So anything is possible. Just believe sha

NuttyChoky:


Chief, I'm not sure this position is not dated.

I recently read on Bloomberg where Aberdeen said they had exited ALL their Nigerian equity positions...except na just mouth

Well, true they might have, but their interests was just 1.10%.

Congtats to Zenith crew. Fear not the current irrational trend of dividend apathy. I believe as the closure date draws closer, people will be more desperate to buy.

megainvest:
Congtats to Zenith crew. Fear not the current irrational trend of dividend apathy. I believe as the closure date draws closer, people will be more desperate to buy.

Yep. So watch out for afriprud from Friday! It still has a very good dividend yeid compared to the banks at current price!

Manonamission:


I congratulate you. Happy birthday. I hope you can now put to rest your delayed result theorem too.

Thanks sir

ihedioramma:
So oando go back because of your birthday? any way long time and happy birthday to you

The prophet himself..Thanks

PETERiCHY:


Yes in such clime things are done in ordeliness and transparency while in Nigeria everything is crooked and cooked starting from CBN down to the public quoted companies .

Imagine this mid-march and the presidency is still playing hide and seek with their budget of CORRUPTION and want foreign investors to be comfortable

all u have being vomitting here have chased out the few remaining ones...some people are very negative

NuttyChoky:
NIGERIA | EQUITIES | BANKING | Zenith Bank Plc

Q4 2015 results highlight:

· Net interest income:+29.6% q/q; +0.1% y/y



· Investment & operating income: -84.4% q/q; -85.4% y/y



· PBT declined by -32.3% q/q; -34.6% y/y

Zenith Bank released its Q4 2015 results today which were uninspiring on a q/q and y/y basis. PBT declined by -34.6% y/y to N21.56bn, despite a -22.1% fall in total operating expenses. The performance was driven by a -85.4% y/y contraction in investment and operating income and a +27.3% y/y increase in loan impairment charges while net interest income was virtually flat at N63.18bn.

Sequentially, the +29.6% q/q rise in net interest income and -4.1% q/q decline in total operating expenses were weighed on by a -84.4% q/q decrease in investment and operating income, despite a +58% q/q increase in treasury bill trading income. In addition, a +136% q/q increase in loan impairment charges pushed PBT down -32.3% q/q.

We highlight the significant reduction in investment and operating income; due to an N11.5bn drop in fees and commission (versus Q3 2015), FX trading loss of N6.4bn and other income loss of N4.4bn in the quarter.

On a full year basis, PBT was up +4.9% y/y due to a +8.8% y/y increase in net interest income offsetting the -6.1% y/y fall in investment and operating income and the 20% y/y jump in loan impairment charges.

Given the low interest rate environment, weak economic output and the difficulties corporates face in sourcing FX, we may not see improvement in net interest income and FX trading income in Q1 2016.

The company proposed a final divided of N1.55kobo representing a dividend yield of 12.08% as at today’s close price.

While our models are under review, we rate Zenith Bank (BUY). Our price target is N17.90.



Source: Investment One Research

Jeez! I wonder how they will still make a BUY recommendation with all the negatives they fished out of the results.

NuttyChoky:
NIGERIA | EQUITIES | BANKING | Zenith Bank Plc

Q4 2015 results highlight:

· Net interest income:+29.6% q/q; +0.1% y/y



· Investment & operating income: -84.4% q/q; -85.4% y/y



· PBT declined by -32.3% q/q; -34.6% y/y

Zenith Bank released its Q4 2015 results today which were uninspiring on a q/q and y/y basis. PBT declined by -34.6% y/y to N21.56bn, despite a -22.1% fall in total operating expenses. The performance was driven by a -85.4% y/y contraction in investment and operating income and a +27.3% y/y increase in loan impairment charges while net interest income was virtually flat at N63.18bn.

Sequentially, the +29.6% q/q rise in net interest income and -4.1% q/q decline in total operating expenses were weighed on by a -84.4% q/q decrease in investment and operating income, despite a +58% q/q increase in treasury bill trading income. In addition, a +136% q/q increase in loan impairment charges pushed PBT down -32.3% q/q.

We highlight the significant reduction in investment and operating income; due to an N11.5bn drop in fees and commission (versus Q3 2015), FX trading loss of N6.4bn and other income loss of N4.4bn in the quarter.

On a full year basis, PBT was up +4.9% y/y due to a +8.8% y/y increase in net interest income offsetting the -6.1% y/y fall in investment and operating income and the 20% y/y jump in loan impairment charges.

Given the low interest rate environment, weak economic output and the difficulties corporates face in sourcing FX, we may not see improvement in net interest income and FX trading income in Q1 2016.

The company proposed a final divided of N1.55kobo representing a dividend yield of 12.08% as at today’s close price.

While our models are under review, we rate Zenith Bank (BUY). Our price target is N17.90.



Source: Investment One Research

There was somebody here that actually said he is keeping his Zenith bank shares till price appreciates to N21.00.... still searching for his comment

megainvest:
Congtats to Zenith crew. Fear not the current irrational trend of dividend apathy. I believe as the closure date draws closer, people will be more desperate to buy.

Yes ooo
Capital appreciation + Juicy dividend = Zenith Bank = Afriprud = UBA

I'm not so sure why shares like Zenith have still not shot up today. The dividend declared today was even more than some analysts forecast and at a little over 12%, it's quite a good yield. Anyway for the first time in a long time, all I'm interested in for the short term is dividend. I'll hold my positions in stocks like Zenith and maybe even acquire more so I even pray make the price drop sef. Na to acquire more, chop dividend and patiently wait for the long term price appreciation. This is primarily because I don't see enough price appreciation in the short term to give enough gains (I entered just today at N12.90K). The market still seems too bearish.

mercylicious:


only the board knows.

i expect a 30k div

i hope n pray they dont issue a profit warning BUT i dont expect that. their 3rd quater was on point. most of the ppl issuing warning had a shaky 3rd quarter.l

i bought tashere units of access wit the small money from the exit of gtb bought with the forgotten money in d itrade acnt.

playing kalo kalo with my money on nse.

mercylicious:


only the board knows.

i expect a 30k div

i hope n pray they dont issue a profit warning BUT i dont expect that. their 3rd quater was on point. most of the ppl issuing warning had a shaky 3rd quarter.l

i bought tashere units of access wit the small money from the exit of gtb bought with the forgotten money in d itrade acnt.

playing kalo kalo with my money on nse.

mercylicious:


only the board knows.

i expect a 30k div

i hope n pray they dont issue a profit warning BUT i dont expect that. their 3rd quater was on point. most of the ppl issuing warning had a shaky 3rd quarter.l

i bought tashere units of access wit the small money from the exit of gtb bought with the forgotten money in d itrade acnt.

playing kalo kalo with my money on nse.

thabkz dear

ExLaidback:
I'm not so sure why shares like Zenith have still not shot up today. The dividend declared today was even more than some analysts forecast and at a little over 12%, it's quite a good yield. Anyway for the first time in a long time, all I'm interested in for the short term is dividend. I'll hold my positions in stocks like Zenith and maybe even acquire more so I even pray make the price drop sef. Na to acquire more, chop dividend and patiently wait for the long term price appreciation. This is primarily because I don't see enough price appreciation in the short term to give enough gains (I entered just today at N12.90K). The market still seems too bearish.

the result t outtt after market close.... lets wait n c wat happens today

ucap , Access result wait small ...lets see how tomorrow go be first

How much of maybaker is on offer and bid and their current market price. @house on market resumption

ExLaidback:
I'm not so sure why shares like Zenith have still not shot up today. The dividend declared today was even more than some analysts forecast and at a little over 12%, it's quite a good yield. Anyway for the first time in a long time, all I'm interested in for the short term is dividend. I'll hold my positions in stocks like Zenith and maybe even acquire more so I even pray make the price drop sef. Na to acquire more, chop dividend and patiently wait for the long term price appreciation. This is primarily because I don't see enough price appreciation in the short term to give enough gains (I entered just today at N12.90K). The market still seems too bearish.

Exactly my position. 12% in 3 weeks ain't bad. Entered yesterday @ 12.92, and will buy more today if it doesn't rally strongly. The registrars for Zenith are also very efficient and pay to the bank promptly.

Good Morning Fam...Just a reminder of the Basic Rules of Investing from the Oracle of Omaha ...

1.Buy low, Sell High. Buy high, Sell higher. In any case,Never loose money!

2.Be Greedy when others are fearful and be fearful when other are greedy for Greed and Fear are the main Drivers of the Stock Market, Not Buyers and Sellers.

3.Always refer to Rules No. 1 & 2

Enjoy Your Zenith Loot & Watch ConOil in 3D!

fxuser:


it will break that N14 resistance
patience needed

seconded

Raider76:


Exactly my position. 12% in 3 weeks ain't bad. Entered yesterday @ 12.92, and will buy more today if it doesn't rally strongly. The registrars for Zenith are also very efficient and pay to the bank promptly.

Yeah! Just imagine those who loaded at N9.00 for instance, that's a clean 17% sweep. Anyway it's all good. Which reminds me, this e-dividend mandate of a thingy, hoping one can have it set up before they pay - if the process is not too cumbersome.

FBNH declares anything less than 50k dividend, profit warning or not, I'll personally send EFCC after them. So whoever knows them, make e tell them say, no bonus o, just dividend. If UBA can do 40k, I don't know what their excuse is. Haba! More than half my portfolio is tied up in that... thing...

FPI are not done yet with selling Zenith. Be informed.

passwelle:
FPI are not done yet with selling Zenith. Be informed.

That's ok too... if they exit and depress prices, I can pick up more units and collect more dividends seeing as I don't have an fx exposure.

One can always JO when they report their Q1 earnings

ExLaidback:
FBNH declares anything less than 50k dividend, profit warning or not, I'll personally send EFCC after them. So whoever knows them, make e tell them say, no bonus o, just dividend. If UBA can do 40k, I don't know what their excuse is. Haba! More than half my portfolio is tied up in that... thing...

Abi o...

I have been diluting and diluting wetin dey do me last year

A good dividend will help calm me down

Coolcash1:


Iran has no choice than to align with the freeze...Its even more dangerous for them to go against this strategy.

http://af.reuters.com/article/nigeriaNews/idAFL5N16O16I?feedType=RSS&feedName=nigeriaNews&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+reuters%2FAfricaNigeriaNews+%28News+%2F+Africa+%2F+Nigeria+News%29