₦airaland Forum

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.

Bomboclad:
The guy na coward, he better give us our N9.8 Zee, we have already sent money to broker.

My Oga hin own pass COWARD self

im sure he his here.

IF YOU ARE NOT A COWARD PLEASE BE PROVOKED AND DO THE NEEDFUL

WE ARE NOT MANY YET WEY NEED AM AT THAT PRICE

IT IS JUST 48M U KNOW SAY NA 240M U WAN SELL YESTERDAY

SO 40M NA CHICKEN CHANGE FOR YOU

I DEY BEG UUUU OOOOOOO

Mcy56:
The 9.80 supplier changed it to N11? Why nah?
Guess they have ghost reps here

IF NA 11 HIN GO TANDA.

NA DAT LOAD WEY HIN CARRY FOR HEAD GO YAMATU AM

HE BETA COME TO OUR YUNCTION (9.80) SO DAT WE GO RELIEVE AM OF HIN LOAD

seyisanya:
He's done!

what do you mean? i go naked fight u oooooooooooooooooooo

dont play with bad thing ooooooooooooooooo

HOW CAN HE BE DONE?

Mcy56:
All eyes on Zee today.
We will know if the seller is done or not.....

i beg him in the name of all the he believed in he should not be done yet ooooooo

at least he should extend the bonanza to Tuesday / Wednessday next week at 10% less per day

RabbiDoracle:
How can you increase capacity when OPEC wants to cut bone join?

but the news is thsat all man is free to pump as hin like from April 1

OBAGADAFFI:
CBN said no to devaluation

Really to be fair i dont think devaluation is warranted at this time and if any it shld be quite minimal (5-10%)

From my night school analysis brent had average a price of abt 35 since this crisis erupt which wld mean a loss of 22 from budgeted 57, which is abt 40%, if this is view against the 1.7m production cap in place at 57 it wld mean that to be back at the budgeted equillibrum the country could increase production to 140% of 1.7m which is abt 2.4m. the next question is does the country has capacity for 2.4m bpd, while i am not sure of 2.4 at least by antecedent 2.2. - 2.3 is sure that leaves us at 0.1m short of being back at equillibrum. so the question is; is 0.1m bpd short should warrant devaluation, apparently it does not however given that the fact that the country goodwill in international market seems to be at an all time low then one could probably say some devaluation (5-10%) could cometo play

However if the country goodwill (in international markets) is high the talk of devaluation should not have even came to the table

RabbiDoracle:
Read about Spanish Flu pandemic.

At a point, they wrote that the virus goes from places to places and stays there for 1 month and if successfully contained, it kills all it wants or the people resist it. After that it is gone.

Now China and South Korean cases are drastically reduced. They have started closing all those makeshift hospitals.

EU problem was their free border policy. Now they are closing borders to contain it.

The fall is stocks worldwide is to price in the effect of the economic damage the virus will cause on companies books. After that government will support them and distribute me. Na that one my eye dey and not all these virus stories.

Once you start seeing reduction of cases on EU and US probably end of this March, market will look up. And those who I bought from will come and buy from me

Please tell the seller to come out today. and place at 10% offer. All I know is that if Zenith gets to N5, UBA will trade at 50kobo.

My Oga na the bold i like pass for all this your turenchi

me my prognosis is simple since na night school i attend

if the corona bring armegeddon as some are speculating both cash and stock (and all assets) wld have the same value (which is zero)

if that is the case then wetin be my own problem

i beg make d man carry kaya come for 10% less yesterday closing

after all las last we go all dey alright

RabbiDoracle:
Surprisingly, it may cause a bull o.

The dislocation the world market is having has been attributed to him.

u have a point

i wasnt looking at that angle

RabbiDoracle:
https://www.investing.com/news/politics/brazil-minister-who-met-trump-tests-positive-for-coronavirus--reports-2108536

My Oga shey no be wahala be this

Make POTUS no get the thing ooooooooo

because the quake wey the thing go cos hennnnnnnnnnnnn

he no go get part 2

RabbiDoracle:
That is what I am waiting for.

If after breaking below 27 and it goes up or The oil price war is resolved , then everything for this world na script. Nothing more.

the thing go come

u know Russia never officially given response to the trade war started by MBS. i think that might be the trigger

RabbiDoracle:
This is the bigger leg.

My Oga he never complete

he remain make oyel test 27 (wti)

mayb that wan go be 2moro or on monday

Hurrayyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyy

Zenith is going to close at 10.85 todayyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyy

dey should bring more market tomorrowwwww oooooooooooooooooooooooooooo

mendes911:
Bros, how I wan take call your mama? Me don dive in already, na small part of my body remain outside
"What is dead, may never die again".

Oracle and CP already gave me all the assurance I need.

My oga all die na die

Nothing do us

it either we kill or we are killed

Any which way what is the purpose of a man that does not experience adrenaline rush

this is my own Formula 1

again all die na die

RabbiDoracle:
9.8 will be the least price

my oga i dey w8 that price level

though i don chop half of my guage level already

so anywhere d tin face na win win for me whether down or up

but i wld really like to see it at that price level by 2moro
though i wld expect div reinvestment gang to not let that price level hold for long (if it is attained) cos 2moro is payment

rebekah2011:
Are we sure that the same level of dividend will be possible come next year? I am not that optimistic.

High probability of not being attained

but i think worst case scenario 60-70% of prior year shld be achievable by the bank, and tehy wld fully bounce back by 2021 barring any other major world dislocation