₦airaland Forum

betcindy:
I have offloaded fbnh to load ucap and hope isn't too bad investment decision anyway?

Running with the herd may be dangerous. Sometimes when you miss a bus it is better to let it go and look for another one.

jp130:
FCMB SLOWLY GOING ON BID, WATS HAPPNING

Na JIJO guys trying to push for 10%. This would be the 3rd Round. Too bad I can't join this time.

joesandy:
i think am interested in it that's why i want to step in. thanks for.the advice.

Don't just "think", you should "know". So good luck as you pursue your passion. But also be sure to get a good degree at the same time. That is a very useful and long lasting capital.

joesandy:
thanks for ur advise. as for the broker that is the only one i know for nw coz i met with one of the official of nse in owerri and they introduce me to them. do u know any in owerri?

An advice from an NSE official is the worst source of advice. Do you know that doctors in government hospitals always refer you to their own hospitals in town? You should ask ordinary clients who experienced their services, and also officially with SEC. Nowadays a good broker doesn't have to be in your home town.

NuttyChoky:
I entered at N11.90k...so my capital appreciation is less than div but I do not trust this bear market so will sit out investing (except defensive stocks like AFRIPRUD) until the macroeconomic environment and policies are clearer.

Imagine if the MPC meeting comes out with foolish pronouncements?

There is a saying that you should "...trade what is happening, and not what you think is going to happen". I don't think government policies are going to be any clearer than they are now.

NuttyChoky:
I have JO out of Zenith today at N13.20k, I am not too greedy as always... sitting on my cash and eyeing the market...

Thinking maybe FCMB ahead of their Q1 results... any thoughts?

I ques it depends on your entry price. For me it has to reach 14.0 b4 my cap appr will equal my dividend. So I am still better off holding.

mercylicious:
This thread is on fire.

i made very good predictions this year but i am very impatient.
i sold half of my zenith n fidelity when d mkt was not being excited on div (nkwucha aburo ujo.)
i have little ucap compared to zenith.if ucap does another 10% tommorow, am off.

the only bad bet i made was access though i have the least here. though their result was good, they decided to be stingy like diamond and transcorp. yes- transcorp is stingy, so, let ur eye be on cap appreciation.

i missed u guys.

I think JIJO approach is what causes impatience sometimes. One has to know when to switch JIJO for dividend or cap appr. I also predicted Tiger well but I jumped in too early immediately the Dang take over was announced and jumped out. I should have waited until he actually paid.

angelo82:
Consider their registrar before you buy.First registrar can be old school in case you don't have e-dividend yet.

That's why I sold my Access. Their Registrars are horrible. They are still holding my money from 2014. When Access didn’t do too well it was an added bonus.

Justcul:
closing date for zenith bank pls

Closure 29th. Payment 6th.

iyb:
Guaranty Trust Bank it seems will make many Happy Zenith Bank Too so after beating the price down and making people sell now they make the price go up

There are only 3 trading days more to the closure of Zenith. So it has to move.

Kai!! FBNH na.wah oo. Don't the management know what is called voluntary resignation?

iyb:
get a broker with real time trading like morgan capital.stick to buying stocks that are liquid and not high priced something in the range of 1-3 naira observe the market and sell your stocks when you smell profit

I will not advice a student with 10k to go into full time trading unless he can manage his time well. The thing can addictive and costly. Butter be sure that is what he is really interest in doing even for his future.

Manonamission:
MPC meeting: 21/3/2016 to 22/3/2016

I tried to read the members' minds but access was denied. I just have to wait till tomorrow to find out the outcome.

Just read PMB'S mind.

jp130:
Plz hous, fcmb wud likely drop dia result tomorrow, wat is d worst we shud xpect. I need every1 on dis 1

I hope they wait until I cash in my Zeee dividend.

stokfrick:
102 billion naira up for grabs. Dividend yield still 10% at 15.5naira
Supposedly exited foreign investors waiting to mop up!
Market makers creating panic selling here and there for them.
Gullible ones scampering for unnecessary safety!
Na true. Nobody likes free money again. Even the so called foreign investors and men in black.
I just dey laugh. If una deceive unaself finish, make una tell me

I averaged down on Zeee today, and I will average down further tomorrow if they keep damping.

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.

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.

http://nairametrics.com/nigerian-stocks-20-is-the-new-5/

With this who knows if Zeee will move tomorrow?

megainvest:
See one of the reasons I signed up with Morgan Capital below.

#Shooting in the dark

I believe they will still fill his bid at the lower priced offers.

Born2berich:
Some people are shouting sell zenith bank, some are shouting buy zenith bank....What is going on here?

Normally market is made up of buyers and sellers. If we are all buyers or sellers at the same time there will be no market.

mercylicious:
http://www.nse.com.ng/Financial_NewsDocs/12472_UBA_PLC_-_BOARD_RESOLUTION_CORPORATE_ACTIONS_MARCH_2016.pdf

excerpts
We shall provide the details of the result and the dividend payment as well as related corporate actions to the exhange, upon the approval of the accounts by cbn

What happens if CBN queries the results?

Anyone using Investment One website for direct trading? I can't trade since last week. My account officer kept denying they have a problem.

Youngzedd:
My on DANGSUGAR

Its chart shows that is making lower lows and lower highs. Could dip below N5 if the pattern is sustained. Not a recommendation!

Intendy:
http://www.nse.com.ng/Financial_NewsDocs/12355_OANDO_PLC_-ARRANGEMENT_WITH_OER_CORPORATE_ACTIONS_FEBRUARY_2016.pdf

More forward looking statements!

FCMB put smile on my face today. Hope it moves tomorrow.

Intendy:
http://finance.yahoo.com/news/iran-ship-four-million-barrels-104803321.html

what Iran has been waiting for and still planning to increase

Let them bring it on. This is the last issue causing oil price uncertainty. We may see a bottom from here on.

mercylicious:
I guess their result isnt good. the price was falling during the week.if its good, insiders would hv been taking position and it would hv pushed the price. my guess

How can one tell if insiders are taking position, price rise or volume spikes?

Intendy:
http://www.nse.com.ng/Financial_NewsDocs/12235_MRS_OIL_NIGERIA_PLC._CORPORATE_ACTIONS_FEBRUARY_2016.pdf

What is use of considering "Unaudited" results? Is it a typo?

Gtb on bid. Any news on the release of Q4?

mercylicious:
You can still do the same if you have the means.
If you continue to buy up offers for one week and put the stock on massive bid, many will jump in, once u see the no of bid has reached what u have, u just dump on them and get away. It is very doable.

I admire your smartness. This throws a lot more light on what is going on than the rules.

This market nah wah oo. Some people just dumped FCMB shares, cleared the 60m bids, and still have 8m to offer!