₦airaland Forum

rebekah2011:
Special dividend would have been possible if the company is liquid in cash. The company still has debts and it will not be wise to go borrowing to pay dividend.

Bomboclad:
So let me say something on WAPCO for those that ain't sure whats going on.

First of all, if you are still in the WAPCO bus, then my advice at this time is - DO NOT SELL till you see the YE result, which should be out soon

Secondly, when i look at my charts, I see WAPCO bounced off the last support @ N9.00 and is currently @ N9.30. From this point, it could either hover between these prices or move up. It would be unprecedented for the price to go below N9.00 substantially but who knows!

3Q EPS stands @ N1.28k, and there is a projection that the company performed much better in 4Q, 2019.

The monthly chart indicates a positive divergence. Till we see 4Q result, nothing would make sense anyways. These are my thoughts but its up to YOU.

Mcy56:
They mentioned 30th March for their board meeting to approve the financial rep ort nah.

kampower:
On that day, the price of WAPCO was N43.20 and today it is N9.50. Growing up, there was a popular commercial by a Nigerian bank that ends with" Big, Strong, Reliable. Lafarge Africa (WAPCO) is big, not strong and history says is an unreliable investment with unreliable earnings releases.

locodemy:
Ok.
You are welcome to Nigerian stock market pick alert(Nsempa).

As a newbie,you can go through all the discussions here starting from page one.

Always ask questions on any Nigerian stock.we will all be helpful to you.

You are welcome as a member.

Bomboclad:
And this!

Chibuking81:
Zenith, GTB, FBN, UBA, Dangote sugar, Ucap, etc are good to go.

All I pray, is for God to protect us his people After rain come sun.

RabbiDoracle:
USD is deprecating fast in EMs. And stocks are gaining.

I am thinking that most stocks may have reached their bottom on NSE. Except if FPIs are telling Meffy to devalue more. That I don't know.

As for me, I look for opportunities like a hawk and pounce. I can't shout!

onegentleguy:
Dear all,

It's extremely important to obey the orders from the government and regulatory authorities and to adhere strictly to the instructions from medical practitioners accross the globe.

As at Feb. 23rd, exactly a month ago, Italy had only 5 cases of the covid-19 virus confirmed and zero/no death.
The Italian Govt gave a stay at home order and people disobeyed.
Fast forward to 30days down the line, and the same country now has over 60,000 cases and 5,400 deaths.

There is a price to pay for every disobedience.
As Nigerians, we must learn from this and obey simple rules.
Above everything else, HEALTH MUST BE GIVEN TOPMOST PRIORITY !!

We must protect ourselves and others and the time to do so is NOW !!

PLEASE ENDEAVOUR TO STAY SAFE !!

RabbiDoracle:
If I am to go by interpreting charts o, banks should start to fly by tomorrow. 10 10 percent rise. Where there is maximum fear, the bull lurks around.

There is a strong positive divergence. Very strong.

Bomboclad:
There are 2 final supports for Zee.... N10.7 and N9.0. If there is a reversal tomorrow, then all is well. Else, it might be heading for the last support of N9.0 as stated. Either ways, I shall average down from current price, as I still have firepower.

Bomboclad:
Happily joined Zee this morning @ N10.85. Whether it goes down or not is left to Madam Corona, but i am glad to be in.

RabbiDoracle:
My point is Zenith at 10.85 (last low) has not been seen again. Until that happens, then I will know that there is a possibility of a lower low.

It closed 11.85 on Friday. I will wait to see if it can be offered at 10.70 today (full offer).

Princkez:
Blood everywhere

Chibuking81:
You still have opportunity to bail out today, at any sight of bid, and reenter at lower lower price.

longlife20:
zenithbank has sold over 1.669billion shares from 11th March 2020 till date, why guaranty has sold over 1.054billion shares for the same period. what zenith sold for 7days is on the average what they normally sell for a month and guaranty for two months. some are still afraid to buy at this price and some are busy buying. las las we will know who took the best decision.

Chibuking81:
Doors are still open, but will soon shut down for bonanza part 2.

ebuka1997:
https://www.bloombergquint.com/onweb/virus-drug-touted-by-trump-musk-can-kill-with-just-two-grams

please read this, it can cause tinnitus which inadvertently causes hearing loss

ebuka1997:
https://www.google.com/amp/s/metro.co.uk/2020/03/19/us-drug-officials-shoot-donald-trump-coronavirus-treat wasnt-moments-unveils-12425900/amp/

The fda has reject the claim @onegentleguy but h0pefully a cure would be found soon

samguru:
The market will bearish today.
Anybody wants to bet?

Agbalowomeri:
Took my 25% dividend from Zenith today


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

Marlianvestor:
Haba Oga! That statement dey one kind! Kilode? Literally, it might mean nothing to you, but connotatively it means a lot to we Christians on this platform. And I know deep down you know... It was just totally unnecessary in the context you used it esp in rightly predicting procedural steps, policy makers/govt naturally follow when mkt is seriously tanking. It's just check-list-esque! Same used during 2008 liquidity crisis - TRAP stimulus package, Short-selling ban, money printing, asset-buyback etc, then inflation sets in, back to square one.

That's not the point though! Let's just be sensitive to other people's feelings, way of life etc (even if you don't approve of it) and where we need to show restraint when spewing words, let's us show it. Though faceless platform, but still a community with followership.

As our in-house Pastor said (though surprised by his levity re. his reaction), that statement has pride written all over it, but I'm hoping I am proved wrong. Really hoping! Regardless...

"When you are good, you tell people. When you are great, they tell you.” —Walter Payton

***Dropping the mic and walking away.....

yMcy56:
I said it that the current market price is on the high side too.
Imagine Union Bank trading higher than the likes of UBA.

yMcy56:
Offer was available for UBN since and the bid not that heavy nah.
UBN price didn't change much also cos it looks high already self. For them to consider that price, Zenith needs to move back to the 17/18 region or they beat down the price of Union like you said.
Anyway we see how it goes.....

OBAGADAFFI:
They have been buying the RUMOR since Monday.

Selling the News is want will start now.

OBAGADAFFI:
Lol, it is time to sell

buy the rumors

sell the news.

TLAX:
http://www.nse.com.ng/Financial_NewsDocs/29408_UNION_BANK_NIG.PLC._CORPORATE_ACTIONS_MARCH_2020.pdf

http://www.nse.com.ng/Financial_NewsDocs/29405_ZENITH_BANK_PLC_CORPORATE_ACTIONS_MARCH_2020.pdf



Synchronized releases to the Exchange. They are trying very hard not to lie as in the Access/Diamond Merger. Truly they may not have submitted or received a "Binding Offer" as such is usually submitted after a due diligence exercise.

What is submitted first of all is a "Conditional, non binding offer".

Eventually no matter how you hide pregnancy, it must show.

arduino:
E be like say Na the heavy weights dem dey pay first.

RabbiDoracle:
Dow losing 9.71%.

Trading halted.

Brent losing 12% now sighted at 29.72. Gradually inching closer to break 27.