₦airaland Forum

thebargainhunte:
You na senior man with pot belle. Na to dey follow u o.
The bolded no make sense o. Recession go knack the country akpako. We go dey mop zenith at that price dey smile

Oracle your food done ready

Brent finally clocks 27

I pray it turns back from here odawise na to thy tent o isreal

Agbalowomeri:
Took my 25% dividend from Zenith today


https://www.youtube.com/watch?v=NlyzO7dJ0YY

Baba oil dey ur head

went our of dose i got during d panic also

outlook looking glimmer

oil down to sub 30 with no news in sight for lifting it

now new 5 cases of covid 19 confirmed by FG (only God knows how many are yet to be confirmed

when short term outlook gets better i wld be back (it was getting beta before with oil seemingly stabilised at 35 but with this current tanking to 27 -28 i cannot come and kill mysef) or if dir is any overreaction liek we had before

thesilentone:
It opens at my end

Done now

appr8

rebekah2011:
Total asset 1872231
Total liabilities 1619889
Net asset 252342

Net asset per share N8.63

what is net asset per share for the potential acquirer (zenith)

if there is going to be any form of share exchange. it wld only be fair enough to compare / exchange like with like (i.e. NAV for both)

thesilentone:
http://www.nse.com.ng/Financial_NewsDocs/29295_UNION_BANK_NIG.PLC._FINANCIAL_STATEMENTS_MARCH_2020.pdf

is NSE site down??

the thing no dey open ooo

thesilentone:
http://www.nse.com.ng/Financial_NewsDocs/29295_UNION_BANK_NIG.PLC._FINANCIAL_STATEMENTS_MARCH_2020.pdf

Thanks Chief

Appr8

Hello All

Someone shld please bless me with UBN last audited result

RabbiDoracle:
The world isn't ending.

Instead of make the world grind to a halt, Trump go find trouble. Either NK or IR.

My Oga i know say d world no go end if the thing no hold

na the kind of maneuavering wey go happen to hold the thing they fear me (i.e. a repudiation of market economy by direct tampering with market and not through policy options)

because above wld mean that the very essence on which the foundation of the 20th /21st century economy is based is a mirage

RabbiDoracle:
I don relocate go Nnewi o.

My Oga na d one wey dey make shit be that

if all measure no hold, that one means Jungle don mature

na to dey chop ourself remian be dat

hmmmmmmmmmmmmmm

i dont even want to think about it

mendes911:
Whoever named you Oracle be see road. Try and maintain this your juju man. Agba's and his shrine used to be as effective as this, I guess he ate alone and forgot to offer live chickens to his "gods".

No. na d forbidden fruit Agba eat that is why d signal from his shrine his fluctuating

mendes911:
Brent below $30...

Very scary. Emefiele will be shitting in his pants now.

LOL.

Baba no be Emefiele alone

my self don dey shit for pant oooo

in short i dey find flagyl i neva see to stop the shit

my own shit is coming from the fact that Fed Bazooka no even hold d market at all

Mcy56:
Pls speak newbie's language so we can know whats up sir. Which one is second base ooo?

Oracle was looking at two indicators (i.e. DJIA at 27000 and WTI at $27) as a confirmation signal on his outlook being right

the first happened last week and teh second is about to happen this week

Godisfaithful:
Someone is betting WTI @$20 lol

Haaaa Oga na Armageddon be dat ooooooooooooooo

Oga Oracle second base seems to be coming

WTI at 29

Marlianvestor:
Whether is liquidity or insolvency issue, the uncertainty is underpinning factor of either, anyway! Insolvency issue - I was referring to - is more to do with the companies/businesses adversely affected cash-wise by this one-off exceptional non-business issue.... My point, exactly! And once the mkts are able to assess this uncertainty, mkts would naturally rebound....

My Oga it is well

My prayer is that in the absence of a vaccine / drug soon (30-60 days) at the least the first mover nations )(china / south korea) should not have as resurgent as they wound down (new cases in both places had subsided considerably) so that at the least the cycle of the pandemic as it affect a certain location cld be ascertained (along with the steps taken to bring the pandemic down in these places)

if above cld come to be true it wld bring some element of certainty (cycle wise) to the table and help calm the markets

Marlianvestor:
That was a scary and massive move by Fed, reasons for the scary reaction of the mkts. Besides, it is not quite a liquidity issue, folks have been harping about (cos the mkt was awash with stupendous liquidity pre Convid-19) but more of an insolvency issue....

i dont think its a insolvency issue either

is the world going to end if the markets froze for 30 days

i dont think so. yes some permanent damage wld be done but on comparative basis to the whole, the damage wld be quite negligible

me think it is the uncertainty (not knowing when this cld possible end or be contained) this is really spooking the market. once this (end/ containment) cld be ascertained calm and then growth wld resume

Marlianvestor:
A wacky move by Zenith, if executed.... No synergistic, commercial benefit one bit in the said acquisitive move! Question is why Union Bank? Jim Ovia's personal business empire building move? On current valuation form, Union Bank shareholders will be smiling and not Zenith's....

oil dey ur head

if true cld only be for Ego sake, so his story wld look like something out of fairy tale of buying a company where he started his career at teh lowest rung of the ladder

or at best as a means to personally sequestered the property arm (a large cache) of UBN for himself

Both of which is a negative to the other/ minority shareholders

N.B. im heavy here and this if confirmed cld be a major red flag for me

pluto09:
At cp ,Union bank is one of the most expensive banks in the sector.
Just hope that zenith will not over pay for this acquisition.

My fear also. Plus i dont see any value add in Zenith getting bigger within the country. Strategically it wld make more value for zenith to expand into other African market both for diversification of its revenue base and also hedge on stiffer regulatory environment that Nigeria had became

RabbiDoracle:
So long as investors are seeing that that it can be contained as seen in China and South Korea, then this would be fully priced in sooner and markets willl normalise. The next stage of recovery and economic impact counts will start. That is the crucial phase.

cldnt agree less. the uncertainty wld end as d cycle becomes more predictable

RabbiDoracle:
Zenith missed the Friday forecast. Ori yo e!

I think the technical bottom was 10.85 seen on Thursday.

If on Monday, Zenith goes on full offer, then it will touch 10.75. This could become the spring board for a reversal.

Keep an eye on the world events over the week. Though there are slowing cases in Asia but EU and US will start to add terrifying numbers.

my oga the tin (corona) had exhibited a cycle (on china and south korea) that could be use for forecasting

they (china / south korea) are experiencing slowdown because dey are pass the peak per the studied cycle of the virus

Europe is approaching peak now (it shld come next week)

US is still at early stage and peak wld not come until upper week or more, they cant escape it

so there is still plenty of volatility to come

aremso:
calm down there is still possibility of the dumping on Monday, Brent is not really looking up and Trump just declared state of emergency on Corovirus so indicators are there!

i no go even buy for monday because he no go reach my target yet. the lowest it can do on monday is 10.70

it is either 9.80 or make hin carry hin kaya go

market go full ground for mo0nday (uba) and by wednessday d ground go full well (gtb)

DOLLARTEX:
Access closed 5.4,uba 6.15.overtaking is allowed oooo,........line apata ego.

Na reset dem dey do

Both wld reopen equally on Monday (5.35 vs 5.40) after UBA markdown

Lion123:
This useless Zenith dumper couldn't just keep doing his thing until mid next week? Why do people act like bastards sometimes?

to bolded: old boy haba naa fight



no be hin get hin kaya nii

na by force to sell ,market again

Jokes apart though i was VERY DISAPPOINTED in him also i was thinking he wld be provoked by my ranting since morning to do the needful

PharmAlfred:
Zenith Bank has shown some resilience today. Let's see what becomes of it in the days ahead.

which resilience? the volume don reach yeserday and two days ago own??

the guy just dey bait dem

Jejebabaa:
Will this zenith guys still come to fill my order at 9.8 today ?

The guy is just an unserious fellow

leave am

options go full table by next week after dem don mark down uba and gtb

TLAX:
http://www.nse.com.ng/Financial_NewsDocs/29388_FBN_HOLDINGS_PLC_CORPORATE_ACTIONS_MARCH_2020.pdf

This letter does not deny the online news report so it may be right after all.

One big bad bank and two small bad bank will make one bigger bad bank.

Oga i beg no injure me with laughter

Bomboclad:
I have a strong feeling that Monday would be up for the ASI. Futures are up, European markets are up and the DJI would go up today. But, lets see how it goes....

Just pray say make POTUS no catch the thing over the weekend

or make dem no lock down the whole of New York (he don dey start small small with limited access to madison square)

Everywhere go just scatter

RabbiDoracle:
He doesn't want to leave that 11.

Na headache go finish am for there with that kaya wey hin carry piut for head

RabbiDoracle:
Some people are just unnecessarily causing inflation in this stock market. Why bid higher?

Cause deflation of prices.

leave them

they dont know dat at this time entry price matters A LOT

so that if the market did not go as u enivisage the losses u wld incur shld in case u want to go out wld be minimal

RabbiDoracle:
My dear, I pray 10 10% rise doesn't come so that the seller can keep selling till N5.

This na inheritance.

My Oga no be ordinary inheritance

Na Generational Inheritance

pluto09:
You don't need to beg anybody
Just get your money ready,you will get more than enough.

My Oga

Thank you for the Assurance i really appreciate

i know say i go get am after dem don mark down GTB and UBA by Monday

By then we no go plenty wey dey pursue d tin

Princkez:
Zenith will still loose today....

I BEG NA MY PRAYER BE THAT OOOOOOOOOOOOO

MAKE HE LOSE REACH 9.80 I BEG

I BEG IF U HAPPEN TO KNOW THE SELLER HELP ME BEG AM IN THE NAME OF HIN PAPA AND MAMA AND EVERYTHING HIN BELIEVE IN MAKE HIN PLEASE SUPPLY MY OWN AT 9.80 BIKO


I NO DO YANGA, NA BEG I DEY BEG OOOOOOO.