RabbiDoracle:




I'm thinking that once it breaks 16.90 (stays comfortably at N17), it starts to fly from there. Worst case it stays there (at 17)and consolidates but won't fall lower anymore.

I expect 17 and above this week amigo.

GTB close to 26

UBA 7.10

NSE ASI 24K

Bro,

time tells the whole story.

Let's allow the market be the final arbiter.

All the best sir!

"Why Stocks Go Up and Down" by William H. Pike, interesting book packed with a lot of info.

wuwu2:

Boss, Could you explain why it should fly at 17?
My impressions from the chart is a consolidation or a very gradual uptrend as there are multitudes of strong resistances from 17 to 21.
Moreover this is Zenith we are talking about. Flying no Dey him spirit.
Any technical explanation for your expectation? Would love to know
Tnx boss

I saw bank stocks drinking Redbull

And Redbull gives wings.

wuwu2:

I am just trying to learn TA having followed @bbm and @fxuser on this forum for a year now. I just looked at zenith charts and my impressions;
After a serious gap down in March, it had since formed a strong support at 10.64. From April, however, it has been on an uptrend. This differs from the general downtrend @meshpips showed. The current most likely support, should it fall again, is at 13.48 and 12.62 respectively.
The current uptrend should it continue, should reach a decision point at 16.98 (I suppose that's why @oracle expects price to reach 17.
Now from here, the possibilities are to break the resistance, which if it does, it's likely to have a consolidation around there, with a gradual continuation pattern for the uptrend. The other possibility is 16.98 forms a new resistance, and it reverts to support at 13.48.
What do you think? @meshpips, @oracle, @bbm, @fxuser
NB...strictly for academic purposes

So if you are to place your money based on your analysis, where do you place it?

Buy with the possibility of it going to 16.98 and higher? Or not buy with the possibility of it falling below 13.48?

That is why when you are in the market with cash, you must think while standing. And you must think fast!

RabbiDoracle:


So if you are to place your money based on your analysis, where do you place it?

Buy with the possibility of it going to 16.98 and higher? Or not buy with the possibility of it falling below 13.48?

That is why when you are in the market with cash, you must think while standing. And you must think fast!

Decisions, decisions.

RabbiDoracle:


I saw bank stocks drinking Redbull

And Redbull gives wings.

Lol, well the oracle has spoken.

RabbiDoracle:


So if you are to place your money based on your analysis, where do you place it?

Buy with the possibility of it going to 16.98 and higher? Or not buy with the possibility of it falling below 13.48?

That is why when you are in the market with cash, you must think while standing. And you must think fast!

Well, based on my analysis, the current recommendation will be a hold rather than a buy.
Definitely not a sell
In any case, stop loss at 13.48
NB: strictly for academic purposes

wuwu2:

Well, based on my analysis, the current recommendation will be a hold rather than a buy.
Definitely not a sell
In any case, stop loss at 13.48
NB: strictly for academic purposes

What then should I do with my bag of money. Plough it into research?

wuwu2:

Well, based on my analysis, the current recommendation will be a hold rather than a buy.
Definitely not a sell
In any case, stop loss at 13.48
NB: strictly for academic purposes

If your stop loss is @ 13.48, trading fund don burn finish already na. My opinion is that, guys who have sold their Zenith at around 15 are predicting a fall so they can buy again. We saw someone still said we will buy Zenith later in the year at 9. Obviously, he has sold all his Zenith and wants us to panic sell too, bro u lie. We are not selling nothing. Even Covid 19 could not drag it to stay @9. We are waiting anyways.

UAC of Nigeria Plc has released its audited full-year financial report for the period ended December 31st, 2019. The report showed that the conglomerate made a N9.2 billion loss. See the key highlights below.

UACN’s Revenue: The group’s revenue for the period stood at N79.2 billion as against N70.4 billion during the comparable period in 2018. This is indicative of a 12.4% increase, year on year.

The company’s cost of sales, however, increased by 9.3% to N62.5 billion, up from N57.2 billion in 2018.

Profit Before Tax: for the period under review, UACN’s profit before tax stood at N7.4 billion, thereby marking a 22.7% increase compared to N6 billion in 2018.

Similarly, the group’s profit after tax from continuing operations increased by 26.1% to N5.3 billion, up from N4.2 billion during the preceding financial year.

Loss for period: However, UAC of Nigeria Plc reported a loss of N9.2 billion during the period under review. Note that the group had also ran at a loss of N9.5 billion in FY 2018.

https://nairametrics.com/2020/04/19/uac-of-nigeria-plc-reports-n9-2-billion-loss-for-fy-2019/

BARGAIN HUNTERS TAKE NOTE!

ositadima1:


Please where can I get access to these charts, any website or service ? Thank you.

Try https://www.investing.com/
It’s free

meshpips:
Greetings everyone,

if you currently have ZENITH shares in your holding, please do well to sell it off between 15.89 (price already touched this level) last week and 16.35 region.

I expect price to sell off and retest the 11.90 support and possibly deeper in the sub- ten level before we can see further buying.

All the best everyone!

Thanks for posting this...
All opinions are welcome irrespective of whether they are bullish or bearish...

In the end, each individual is the captain of their ship...

ositadima1:


Please where can I get access to these charts, any website or service ? Thank you.

investing.com

Understanding the indicators is the key.

gabscity:


If your stop loss is @ 13.48, trading fund don burn finish already na. My opinion is that, guys who have sold their Zenith at around 15 are predicting a fall so they can buy again. We saw someone still said we will buy Zenith later in the year at 9. Obviously, he has sold all his Zenith and wants us to panic sell too, bro u lie. We are not selling nothing. Even Covid 19 could not drag it to stay @9. We are waiting anyways.

ositadima1:
"Why Stocks Go Up and Down" by William H. Pike, interesting book packed with a lot of info.

Share the link to download the book

wuwu2:

I am just trying to learn TA having followed @bbm and @fxuser on this forum for a year now. I just looked at zenith charts and my impressions;
After a serious gap down in March, it had since formed a strong support at 10.64. From April, however, it has been on an uptrend. This differs from the general downtrend @meshpips showed. The current most likely support, should it fall again, is at 13.48 and 12.62 respectively.
The current uptrend should it continue, should reach a decision point at 16.98 (I suppose that's why @oracle expects price to reach 17.
Now from here, the possibilities are to break the resistance, which if it does, it's likely to have a consolidation around there, with a gradual continuation pattern for the uptrend. The other possibility is 16.98 forms a new resistance, and it reverts to support at 13.48.
What do you think? @meshpips, @oracle, @bbm, @fxuser
NB...strictly for academic purposes

How do you determine the support and resistance? Using the moving averages?

frontview:


You are not alone, I have been averaging ARDOVA from #45.00 plus to like #15.45 now but I don't want to sell at big loss. I hope it picks up after the Corona effect.

i wrote here some time ago that it was a grt opportunity for people to exit with Femi but people were relying on hopeless hope...... i keep watching oo

gabscity:


If your stop loss is @ 13.48, trading fund don burn finish already na. My opinion is that, guys who have sold their Zenith at around 15 are predicting a fall so they can buy again. We saw someone still said we will buy Zenith later in the year at 9. Obviously, he has sold all his Zenith and wants us to panic sell too, bro u lie. We are not selling nothing. Even Covid 19 could not drag it to stay @9. We are waiting anyways.

That's the thought driving the bank bears. Once they find out they came down at the wrong bus stop, they want you lure you out through the window of a moving train.

And some of them do it to other sectors.

wuwu2:

Well, based on my analysis, the current recommendation will be a hold rather than a buy.
Definitely not a sell
In any case, stop loss at 13.48
NB: strictly for academic purposes

If you are looking at not holding beyond 2020, N18.90 (+/-5%) should be a good region to sell.

For those intent on chasing price i wouldn't buy Zenith at >N14.27. I said "I" so individual returns criteria should drive this figure.

Not an advisory.

onegentleguy:


Great YE 2019 report from UACN...
Woeful report from UNILEVER...

On the latter, it clearly looks like the decision to engage a solitary...... at the end of H1 2019, following...... is beginning to show its adverse effects.(highlighted it here back then)

On the former, would like @ TLAX to note the post above.
...the content is looking likely to play out.
NOT surprised at the 10k dividend declaration. Any Jack who understands and can relate the thing about 'past and present position' to 'underlying growth' shouldn't have expected more.(actually thought there'll be none)
VALUE in the making !!
We continue to love UACN. ...BUY !!

On UNILEVER, I think that any price rise(possibly aided by current market sentiment) should be seeing as an opportunity for an escape route !!
...unless ur an investor with a long term horizon.

Analysis and details later !!

I will comment after i take a detailed look at UACN financials.

PETERiCHY:
UAC of Nigeria Plc has released its audited full-year financial report for the period ended December 31st, 2019. The report showed that the conglomerate made a N9.2 billion loss. See the key highlights below.

UACN’s Revenue: The group’s revenue for the period stood at N79.2 billion as against N70.4 billion during the comparable period in 2018. This is indicative of a 12.4% increase, year on year.

The company’s cost of sales, however, increased by 9.3% to N62.5 billion, up from N57.2 billion in 2018.

Profit Before Tax: for the period under review, UACN’s profit before tax stood at N7.4 billion, thereby marking a 22.7% increase compared to N6 billion in 2018.

Similarly, the group’s profit after tax from continuing operations increased by 26.1% to N5.3 billion, up from N4.2 billion during the preceding financial year.

Loss for period: However, UAC of Nigeria Plc reported a loss of N9.2 billion during the period under review. Note that the group had also ran at a loss of N9.5 billion in FY 2018.

https://nairametrics.com/2020/04/19/uac-of-nigeria-plc-reports-n9-2-billion-loss-for-fy-2019/

BARGAIN HUNTERS TAKE NOTE!

You should be more concerned about the future business prospects for of UACN for guidance. The losses for those years are for spinoff of UPDC and change in status from majority shareholder of MDS logistics which they cannot now consolidate anymore.

Paints and Packaged foods/beverages businesses which generates most of the profits are still there. My take is that if you have been looking at their financials you can almost tell with certainty which business segment will be sold in the next 12 months. The guys need cash and they need it like yesterday. That expected third sale also has the potential to create a negative contagion in the remaining businesses.

Let me finish reading the statements first.

samguru:

Share the link to download the book

I don't have d pdf but with this app u can download it and other books.

https://play.google.com/store/apps/details?id=ebooks.library.anybooks.free.epub.pdf.books.p2

Dangote owns 80% of Dangcement, 70% of Dangsugar, 75% of Dangflourmills and 62% in NASCON through his private company Dangote Group. So he owns almost half of the stocks on the Nigerian stock exchange. Nawao.

ositadima1:
Dangote owns 80% of Dangcement, 70% of Dangsugar, 75% of Dangflourmills and 62% in NASCON through his private company Dangote Group. So he owns almost half of the stocks on the Nigerian stock exchange. Nawao.

Did he buy back Dangote Flour Mill after selling to Olam?

1kinggy:

What was your source of income before the lockdown, please?

nairaland banned Me from requesting for help. Pls help sir

pluto09:


https://oilprice.com/Energy/Oil-Prices/Oil-Prices-Hit-15-For-The-First-Time-In-21-Years.html

Brent is 27+ bucks

If I sell all my stock a day after the qualification date, hope I am still going to get my dividends as I'm planning to sell my dividends yielding stock next day. Please help clarify

[quote author=abuhusna1 post=88640339]If I sell all my stock a day after the qualification date, hope I am still going to get my dividends as I'm planning to sell my dividends yielding stock next day. Please help clarify[/quote

U said it already!! A day after qualification u will get ur dividend!]

Q1’20: Unilever Nigeria Revenue Drops Despite Rise in Marketing Costs
https://businesspost.ng/economy/q120-unilever-nigeria-revenue-drops-despite-rise-in-marketing-costs/

UAC Nigeria Declares 10 Kobo Dividend Amid N9.2bn Net Loss
https://businesspost.ng/economy/uac-nigeria-declares-10-kobo-dividend-amid-n9-2bn-net-loss/

Nigeria Records Highest Single-Day Spike in Coronavirus Cases
https://businesspost.ng/health/nigeria-records-highest-single-day-spike-in-coronavirus-cases/

Good Morning Investors
The future is green
where is STOCK BULL @feelamong @Borntoberich @jamace and @Meshpips...