₦airaland Forum

Zenith 23-24...Are you ready

Mpeace:
Zenith touches 22.
Transcorp reaches my target sale price, time to offload, but I must confess it was a bad jijo. Traped in here for over a month.

If you bought below 20...na 40Naira go be target exit. Zenith Q3 people will beg to get it below 25 Naira.

But since you feel trapped may be it's best to exit.

locodemy:
$86.20 now.bonanza destroyer is here to protect us till the end of the year.

Traders betting Oil to hit $100

Yayira:
I’m telling you!
I’ve taken things personal with all the stocks on that board..
After this snail, I won’t be visiting.

This snail movement is how it would reach 40 Naira. Word on the street - Nobody is selling Zenith again.

Zenith today's target 22.00-22.50

Blackethics:
Heard vetiva chief economist this morning saying investors are hoping that Fidelity bank may likely give bonus or interim dividend

The only option is payout a huge % of profit in yearly dividend. That would move their share price higher.

Infinitisi:
Good morning.

We begin our pre-market coverage of the Nigerian Stock Exchange (NSE).

Pre market runs from 9.30 to 10am daily on the NSE.

During this period, investors can place orders, but no trade occurs.

Figures will take the format Bid(k) vs Offer(k).

Bid represents the amount of stocks people want to buy.

Offer the number of stocks, people wish to sell.

K represents thousands.

Net bid means there are no offers for a stock.

Net offer means there are no buyers for a stock as at pre market.

Bid vs Offer figures are subject to change all through the day.

Access Bank 200k bid vs 250k offered

Dangote Cement 243 units bid vs 1k offered

FBNH 2.3 million bid vs 50k offered

Seplat Petroleum 150 units bid vs 350 units offered

UBA 100 units bid vs 1.3 million units offered

Wapco 85k bid vs 7k offered

Zenith Bank 725 units bid vs 95k offered

Dangote Flour 10k bid vs 14k offered

Dangote Sugar 3k bid vs 10k offered

Guaranty Trust Bank 160 units bid vs 12 units offered

Guinness 1k bid vs 6k offered

International Breweries 4k net offer

Nigerian Breweries 805 units bid vs 950 units offered

PZ Cussons Nigeria 125k bid vs 7k offered

Unilever 2k bid vs 2k offered

This Nairametrics post is brought to you by I-Invest.
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If you bought Zenith below N20. Sit back & enjoy the ride to N50 with Nigeria's most profitable bank
B4 Q3 Target price N25
After Q3 - N30
Year end/ 2019 - N50

DOLLARTEX:
is it not save to avoid the financial institutions altogether? the bank is big until it fails,Lehman brothers comes to mind.I was fortunate to be in a restaurant with the past CEO of first bank( vi Lagos).He sat down and within 20 mins,this beautiful damsel walked in.immediately,orders started flying in,from chicken and chips,champagne to gizzard,oboy table full oo,I guess he was trying to woo the chick.for my mind I was thinking " na my first bank money be this ooo" unfortunately,the girl no gree,as she walked out with a frowned face.

Nigeria corporate leaders are worse than politicians. Na so BGL raise money for mutual fund, the CEO take the money dey run private jet life. As big as BGL was in the market, the management did not care to run it down due to fabulous lifestyle.

DeRuggedProf:
At times I read some foreign investment books and laugh.
I know the ideas are great, the investment advice, top notch, execution can be easily implemented, yet they completely fail to include a disclaimer "DO NOT TRY THIS AT HOME (Nigeria)."

Simply put nothing works here...it a reflection of how we are as a nation. Its only in Nigeria you will bring a full working gas turbine from the US and as soon as it is installed in Nigeria it stops working. Even warren Buffet would not be the richest man if he was doing long term with Nigerian stocks. Wondered why Americans and Europeans hate the way we do business. Its only the Chines, Indians, and Lebanese that enjoys this fraud. The real investors know the consequences back home.

Yayira:
Actually No long term investment in dead stocks for now you should be saying.. and also the ones dead and trying to resurrect.. No go close..
Skye bank was on life support we all knew that but choose to gamble our money because of greed and fast %%%..
Someone once said why will he buy big caps that can not give him fast 20% ? Well this is one of the reason why we should always go for good fundamental stock and always follow up with them.. any moment their results go missing, you go missing with your money too.

I want to use this opportunity to thank CP
Cp for asking me what I’m doing in Skye banksnd Wema..after that comment, l login and sold my 366 million units @ 50, receiving an haircut of 900k... you spoke sense into me.
God bless you..
900k is better than 2.7 million.

Lol nowadays I’m missing the old CP that’s why I’m always @ you. Please bring back the old CP with real talks (FA and FP)


Hmmmm people are wicked they released 2 year results and promised to release the rest when in fact they knew the bank is gone.. MY GOD !!!

Since the regulators have chosen to go to sleep, rather than sack this managements form the onset. Best is login & do the sacking from the comfort of your home. Diamond is getting that from me come Monday.

DeRuggedProf:
Too bad!
One trading rule everyone MUST imbibe is to avoid completely any stock that keeps its quarterly and annual results!
No matter how tempted, walk away.
On NSE, a one night stand almost always end up producing a baby mama.
If you expect a baby, why take a woman without a womb to bed?
I was severally burnt almost beyond recognition doing that.
Fidelity was not a bad buy below N1.59, but I consistently avoided JIJO after I felt their Q2 was delayed unduly and will stay away until they release that result.
I prefer to JIJO on a VERY bad result than NO RESULT.
When you keep your result, I keep my cash.

You have said it all. Let me start by saying our leaders and regulators are the most wicked on planet earth. They just rubbed investors of their hard earned money. They were several red flags but they pretend not to always see it and would not act even after been confronted with evidence. It all boils down to politics of interest. Corruption is everywhere from Aso Rock to me & you here on nairaland.
We may say thank God I was not affected, but as at today several listed companies are showing similar signs with red flags -Diamond, Oando, etc. but instead of the regulators to call the management to order and sack where needed they are again acting dumb to the detriment of minority shareholders.

1. Going forward I have decided to throw NSE & long term investing into the dustbin
2. Delay your result, that company will never see a dime from me.
3. loss in FY audited you will not see a dime, even if you declare profits in un-audited Quarterly result
4. If you want my money, you must declare progressive profit in both quarterly & audited result.
#QED

In light of this reevaluation, I would offload every single stock I have with Diamond bank plc on Monday, until Mr. Uzuoma gets sense. A stitch in time...saves nine. Only my Zenith bank is worth keeping atm.

Yayira:
One hell of a volume.. packing runners.. people who don’t mind crashing price on their way out.
My fear is some NSEMPA Usain Bolt are already in this stock..lol increase in price go hard with those men on board

Very true, with all this volume this week any small increase in price will meet enough supply.

Willie2015:
Na normal feature of Zenith...
Na so u go dey see big volume...
U need to go to MFM prayer house for price to move up.

Over 82 Million units...na MFM go bring offering come Zenith.

Mpeace:
Zenith at 21 again.

Somebody is seriously increasing their stake in Zenith bank...I doubt we can see this months low again.

fxuser:
Zenith

- yet to break free from the series of lower highs and lower lows on all frames . .
- wud be nice to see price test this month opening price at N21
- however its forming a Doji week , first green week after 6 red weeks , pulling d brakes on d bears has nt been easy
- i like the oversold rejection on d weekly RSI
- d problem is the reward bounce is short lived , prev highest weekly closing high is at 23.85 (14%'ish away )
- its cooking

#patience

dis:
watching this consolidation closely for positioning rather dan swing

thanks

dipoolowoo:
Zenith Bank's Earnings Will Remain Broadly Stable, Upgrade Remote—S&P
https://www.businesspost.ng/2018/09/20/zenith-banks-earnings-will-remain-broadly-stable-upgrade-remote-sp/

S&P Sees “Very High Levels of Corruption” in Nigeria, Affirms Ratings
https://www.businesspost.ng/2018/09/20/sp-sees-very-high-levels-of-corruption-in-nigeria-affirms-ratings/

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Happy birthday...WULLNP

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Not here take to Romance section

fxuser:
umm . .

Oga, umm... is not TA oh!

Abeg oh our TA guys @fxuser & co. I hope all these volume this week on Zenith is more of accumulation and not distribution.

Just asking for a friend!

Mpeace:
Yeah, zenith is 21, give him a shout-out

Let me thank friends & family that made this possible

Abeg the last highlighted info is very important.

OBO WAY

Chibuking81:
Monkey hunting
will you buy at #19.90 and see it at #23 and still balance in their vehicle to drive to #30? For sake of q3 that will be coming out by October probably toward ending, no expectation of interim dividend.

My zenith is not for sale...hit me back when price hit N40

By 2019 Zenith Q4 should be heading towards N5. The price I bought issa Give-away

Zenith is a gunner

Should be looking at N23 by friday and N25-30 by Q3 release.

Buyers on rampage

The person supplying Zenith at 20.25, needs to be cleared. The guy get Truck load.

Decent demand in Zenith...exactly how it should be.

The Agent is very correct.

fxuser:
Zenith
- rejecting its weekly low on vol and forming a weekly hammer
- noticed positive rsi div on the hrly timeframes (nt d most reliable)
- all indicates bearish fatigue at d moment


#BeFluid

Better person...talk with facts, & not by prophesy

deept:
Somebody is buying a while load of zenith bank at 20

That buying be like pension fund hand..same thing yesterday.

People get money sha! Not forgetting tomorrow is Jim Ovia's book lunch.

moneywoman74:
Good morning house,

Please on behalf of my humble self, my entire family and to everyone that has been hurt in one way or other by Veecovee irrational post, in the name of God who made heaven and earth I am apologizing to the person he was indirectly referring to, it was a slip of tongue and itchy finger please forgive and forget.

To my dearest brother Chibuking, I do not mean any harm by my post do not take it personal with me, I love you and your entire family.

Mark my word whenever i am around i will visit you and your family and also invite you and your family to my own house.

Please let your anger on me quench .

I love you!

Things like this is why I always stated that we are better off in this forum discussing mainly investment and stock education. But many quoted it out off proportion.