ZENITH finally don vex o, above 17naira now

Zenith is about to make us smile. Road to Km 23 sighted.

Seunn11:
Zenith is about to make us smile. Road to Km 23 sighted.

I expect a strong pullback for both Gee and Zen after interim qualifying date before road to final destination will finally open. I may be wrong though.

NB: DD applies

UACN......getting attention.
Las las it will be a win-win for the parties involved.

waow !! ASI, are you finally breaking away

Interesting

http://www.nse.com.ng/Financial_NewsDocs/31365_ZENITH_BANK_PLC-_QUARTER_2_-_FINANCIAL_STATEMENT_FOR_2.pdf

Trust Jim, he will not fall hands

aremso:
http://www.nse.com.ng/Financial_NewsDocs/31365_ZENITH_BANK_PLC-_QUARTER_2_-_FINANCIAL_STATEMENT_FOR_2.pdf

Trust Jim, he will not fall hands

fantastic result

Princkez:
fantastic result

sweeter than orange

aremso:
http://www.nse.com.ng/Financial_NewsDocs/31365_ZENITH_BANK_PLC-_QUARTER_2_-_FINANCIAL_STATEMENT_FOR_2.pdf

Trust Jim, he will not fall hands

Yes o.

This way Zenith is the Cheapest stock on the floor.

Happy Reading to the patient

https://sumzero.com/headlines/business_services/468-mohnishprabai?fbclid=IwAR3jidhmXadv-Kl-kUKKpHCZ6tLV1EIlj8TeC4aG2pvFz5fYzBX__R-i0BE

From an dividend hunter's point of view, is BUA plan to build a mega factory favorable as they may not be able to pay dividends within the period of the project.
What do the experts here think?

ojesymsym:
From an dividend hunter's point of view, is BUA plan to build a mega factory favorable as they may not be able to pay dividends within the period of the project.
What do the experts here think?

There must be other sources of funding apart from BUA Cement profit. The holding company can just take a loan or raise money elsewhere.

Mfunkynation:
am in the Bus already... just want to know if I can jump out n wait for pullback?

Are you still in the FCMB bus?
MM seems determined on this one o. Let's see how far they can push it. In as much as you're in good profit, maybe you just watch the movement first.

ojesymsym:
From an dividend hunter's point of view, is BUA plan to build a mega factory favorable as they may not be able to pay dividends within the period of the project.

Did Dangote's refinery affects dividend payout? Just asking ni o, I'm not anywhere near an expert.

Dangote refinery is different from Dangote cement, right?

Mcy56:

Did Dangote's refinery affects dividend payout? Just asking ni o, I'm not anywhere near an expert.

ojesymsym:
Dangote refinery is different from Dangote cement, right?

Yes......but a project from same coy owner.
Refinery is an ongoing project from Dangote. Dangcem an established coy already.
Just trying to tell you that it wouldn't affect each other.......in the case of BUA too.

I may be mistaken but I do not think the same condition applies, the same man owns Dangote sugar.
I think he has shown that he is able to separate different interest and entities from each other.

Mcy56:

Yes......but a project from same coy owner.

ojesymsym:
I may be mistaken but I do not think the same condition applies, the same man owns Dangote sugar.
I think he has shown that he is able to separate different interest and entities from each other.

Okay. You're right in the case of Dang coys.
BUA project is a kind of expansion too. Like Cashdimkpa said, I expected them to source for expansion fund separately without dipping hands into the profit of already existing one, highest they take some funds from reserve......that's my opinion anyway, I may be wrong too.

longlife20:
http://www.nse.com.ng/Financial_NewsDocs/31366_ZENITH_BANK_PLC-ZENITH_BANK_PLC__CORPORATE_ACTION__COR.pdf

30k dividend. Good one.

We await Access 20k

Where are the naysayers saying Kasala will burst in Q2 results?

Zenith performed very well with EPS of 3.30 in Q2 2020 against 2.83 in Q2 2019

Interim dividend: 30kobo proposed. Higher than last year own self.
Zenith: northward mvmt here we come...... *Edited*
Oga RabbiDoracle your Zee don land ooo.

longlife20:
http://www.nse.com.ng/Financial_NewsDocs/31366_ZENITH_BANK_PLC-ZENITH_BANK_PLC__CORPORATE_ACTION__COR.pdf

Superbly fantastic H1 report !!

Looks like ZENITH operated in another planet where there was NO covid-19 in Q2.
...maybe in Mars or Jupiter !!

I hereby declare ZENITH as the cheapest banking coy on the floor, before GTB !!
However, the thing about EFFICIENCY means that investors will likely continue to attach a higher premium to the latter, ahead of the former.

With the 1st tier banking coys, particularly Mr ZENITH and GTB, it seems there is always a way even when the ship appears to be down(economy in view)
For those who think that the 2020 YE dividend declaration of these banks will drop, hear this; U just might be disappointed !!
...with the current print in growth trajectory, it might even be a little more than that of 2019 !!

...it is well.

Remaining Access in tier 1 and Fidelity in tier 2.
We shouldn't expect lesser from these two I suppose.
Just observation.

Let me come and be going......

onegentleguy:


Superbly fantastic H1 report !!

Looks like ZENITH operated in another planet where there was NO covid-19 in Q2.
...maybe in Mars or Jupiter !!

I hereby declare ZENITH as the cheapest banking coy on the floor, before GTB !!
However, the thing about EFFICIENCY means that investors will likely continue to attach a higher premium to the latter, ahead of the former.

With the 1st tiers, particularly Mr ZENITH and GTB, it seems there is always a way, even when the sheep appears to be down(economy in view)
For those who think that the 2020 YE dividend declaration of these banks will drop, hear this; U just might be disappointed !!
...with the current print in growth trajectory, it might even be more than that of 2019 !!

...it is well.

Anyway me as an individual as a dividend hunter would still prefer Zenith to Gtb though both are my favorite.

aremso:


Anyway me as an individual as a dividend hunter would still prefer Zenith to Gtb though but are my favorite.

The relationship between GTBank and Zenith stocks have always been so since I knew them.
Nobody seems to have been able to tell us why the price of GTBank always higher than Zenith bank and yet not until last financial year when it was the same amount, Zenith always pay higher dividend than GTBank

Mcy56:
Remaining Access in tier 1 and Fidelity in tier 2.
We shouldn't expect lesser from these two I suppose.
Just observation.

Let me come and be going......

Fidelity is not known for interim dividend payment. It's only from Access that interim dividend is expected from

onegentleguy:


Superbly fantastic H1 report !!

Looks like ZENITH operated in another planet where there was NO covid-19 in Q2.
...maybe in Mars or Jupiter !!

I hereby declare ZENITH as the cheapest banking coy on the floor, before GTB !!
However, the thing about EFFICIENCY means that investors will likely continue to attach a higher premium to the latter, ahead of the former.

With the 1st tiers, particularly Mr ZENITH and GTB, it seems there is always a way, even when the sheep appears to be down(economy in view)
For those who think that the 2020 YE dividend declaration of these banks will drop, hear this; U just might be disappointed !!
...with the current print in growth trajectory, it might even be more than that of 2019 !!

...it is well.

A quick brief on ZENITH BANKS H1 report...

To the rescue was an over 174% jump in other operating income line despite the material drop in NFCI, thus ensuring the positive in EBITDA MARGIN.
However, NPM would have been relatively flat(@ approx 2.8% net positive YoY, assuming previous tax lodgement)
In retrospect, a much lower tax expense helped ensure the over 16.8% boost in NET MARGIN.

Again, like GTB, its a positive that the banks NIM also maintained its positive track on the back of a near 10.5% growth in NII.
Going forward, the recent policy on savings interest by the CBN will help sustain that growth(in NIM) even more.

Great financial print overall. ...I particularly like the banks print in AER, CGPR, ROE, EM and EV.
I look at the banks statement of CF and very robust balance sheet, and I wonder why the coy is still trading @ circa N17+ !!

...it is well.

emmasoft:
Fidelity is not known for interim dividend payment. It's only from Access that interim dividend is expected from

Reason I split into tier 1 and 2.
Except newbies, well informed investors knows tier 2 don't pay Interim div.
I was referring to results there.
Thks anyway for pointing it out.

emmasoft:


The relationship between GTBank and Zenith stocks have always been so since I knew them.
Nobody seems to have been able to tell us why the price of GTBank always higher than Zenith bank and yet not until last financial year when it was the same amount, Zenith always pay higher dividend than GTBank

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) within a specified timeframe.
GTB does more with fewer asset than ZENITH with a higher asset base.
The interpretation of this is that GTB as an entity can well 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 deliver more in 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.

Btw, I think that part of ur post in bold is incorrect. Historically, GTB has overall, delivered more in cooperate actions(dividend cash flow, script issue) than ZENITH. So u might want to check ur record again.
Things might change in future though. But for now, it is what it is !!

Regards

CashDiMkpa:
Happy Reading to the patient

https://sumzero.com/headlines/business_services/468-mohnishprabai?fbclid=IwAR3jidhmXadv-Kl-kUKKpHCZ6tLV1EIlj8TeC4aG2pvFz5fYzBX__R-i0BE

Mohnish is one of the people I follow. The Dhandho investor- quality book

onegentleguy:


Superbly fantastic H1 report !!

Looks like ZENITH operated in another planet where there was NO covid-19 in Q2.
...maybe in Mars or Jupiter !!

I hereby declare ZENITH as the cheapest banking coy on the floor, before GTB !!
However, the thing about EFFICIENCY means that investors will likely continue to attach a higher premium to the latter, ahead of the former.

With the 1st tiers, particularly Mr ZENITH and GTB, it seems there is always a way, even when the sheep appears to be down(economy in view)
For those who think that the 2020 YE dividend declaration of these banks will drop, hear this; U just might be disappointed !!
...with the current print in growth trajectory, it might even be a little more than that of 2019 !!

...it is well.

For the purpose of clarity, its important to note that the price of GTB is also UNDERVALUED at the current mkt price, so that part in bold should not take away that fact.
For context, it(that part) was only intended to compare both coys in view of their degree of prospects at delivering returns(ROI in view)

Selah