₦airaland Forum

OakPearl:
DeRuggedProf: 3:28pm
A THOUGHT: FOR THOSE WHO BOUGHT BEFORE CLOSURE AND STILL HOLDING.... grin

ZENITH BANK: 13.76 (CLOSE TODAY) + 1.77 (DIVIDEND) = 15.53


You have quoted him out of context and I hope mistakenly so.
He began by stating "for those who bought before closure and still holding".
This is why he added the dividend of N1.77kobo to the current price.
He is correct in his post.

Let's be careful with our responses to avoid the avoidable.

Secondly closure of what? Market? as I gleamed from his post and his response implies he was thinking along those lines. If not, then, my response is not applicable.

Manonamission:
The ways of a trader, especially a day-trader, are crazy to a value investor. Each should never make an attempt on deciphering the logic behind the other's way. We have been here before. Most times, the assault is even from traders on value investors.
Understand your personality and lifestyle. Respect views from the 'other' camp.
Lastly, everyone is advised to always include a caveat in their post/pick.

NB: Never hesistate to share your opinion on picks or stock investment in general.

I never described my investment pattern. Secondly, as long as you can stay away from rough language like rubbish, illiterate etc intellectual discussions are healthy for those sincerely interested. The other guy did not do that. I have no intention of being a "go to guy" on this board. I am not here to invade his space or anyone else's. Shalom

OakPearl:
DeRuggedProf: 3:28pm
A THOUGHT: FOR THOSE WHO BOUGHT BEFORE CLOSURE AND STILL HOLDING.... grin

ZENITH BANK: 13.76 (CLOSE TODAY) + 1.77 (DIVIDEND) = 15.53


You have quoted him out of context and I hope mistakenly so.
He began by stating "for those who bought before closure and still holding".
This is why he added the dividend of N1.77kobo to the current price.
He is correct in his post.

Let's be careful with our responses to avoid the avoidable.

Zenith Bank did not make any capital appreciation for those that bought at any point between earnings release and mark down. Anyone that took the dividend is at 0% PRIOR to today's movement because you gained about 12% on dividend yield and lost pretty much the same thing on mark down yesterday.

Why did the market not react to Zenith Bank's 12% dividend yield. Maybe it's too little too late? A comparison with Kenya Commercial Bank.

Details available at:

http://judefejokwu..com

Dangote Cement and Access Bank; are investors buying their story?

Details available at http://judefejokwu..com

SEC response to Brokerage scandal...

Details available at

http://judefejokwu..com

Brokerage Scandal in Nigeria: Access Bank and surrogates make their presence felt.

Details available at:

http://www.judefejokwu..com

Be extra cautious in making investment decisions on companies audited by Akintola Williams Deloitte.

Details available @ http://www.judefejokwu..com

Retail investors are key to giving the market sustained positive trajectory. It is about the number of them first and not the amount they bring. SEC finally shares the same belief and is rolling out an agenda to achieve this.

Details

http://www.judefejokwu..com

Auditors: the more values drop, the more money made.

How reliable is the necessity for investment purposes?

Details available

Http: // www.judefejokwu..com

Accounting Scandals in Kenya and Nigeria: Is Kenya worse or just more honest? Stanbic IBTC...

http://www.judefejokwu..com

Nigerian Naira Drama: How far so far after depreciation?
Let's do a pulse check.

http://judefejokwu..com

Forte Oil: Bulls eye on prediction.

Details available at: http://www.judefejokwu..com

Search the archive for an article on Nigeria Banks in September 2015 that preempted the present realities. The banks take more of the blame for poor decision making. The economic challenges and reduction in malfeasance left them with limited escape routes.

Article available at http://www.judefejokwu..com

What do Dangote cement and Access bank have in common?

Details available at http://judefejokwu..com

walexy14:
why panicking nau.... NDIC will refund customers' money.

There is a monetary limit to NDIC insurance. if memory serves me right it is very low millions per customer.

Miles300:
Why has the banks not enforced the new fx rate at the inter bank market .. They still charge me at 340 to a dollar for an online purchase today with my master naira card .. We only read about naira appreciation online . What is going on ? Who are those benefiting from this new fx rates ? ..

Go to www.judefejokwu..com and get an idea of those that are benefiting from the new forex rates.

The Naira will settle at N320 (+or-5%). I expect the euphoria to wear off pretty soon. More details available at http://www.judefejokwu..com

Nigerian Naira: The misfortune of its people is the glee of foreign portfolio investors.

Details available at http://www.judefejokwu..com

Why is UBA not reaching its deserved price level independent of current market dynamics? The answer depends on UBA and not investors.

Details available at: http://www.judefejokwu..com

Transcorp and UACN are experiencing lower returns partly because of a certain negative signal. Details available at

http://www.judefejokwu..com

Investors suddenly decided that Nigerian banks are no longer valuable at current price levels because the Naira will not be officially devalued? How fickle can investors be?

The economy paused waiting for the budget to be signed; now the business economy is paused waiting for Naira devaluation. It is time to move forward under the reality of existence and not expectation.

The future populous nations like Nigeria is in agriculture. Ethiopia clearly understands this.

Details of this is available at: http://www.judefejokwu..com

kgr8mike:
Bank is not a place to work. FCMB did her own and some of us are victims.

When was this and how many do you believe were affected?

Some banks are carrying a rather worrisome amount of contingent liabilities off the balance sheet including bankers' acceptances. Zenith Bank is one of them with the equivalent of 29% of its assets kept off the balance sheet in the form of contingent liabilities as at Dec. 31, 2015. When you remember that Zenith is Nigeria's second largest bank by assets, you get a better understanding of the far from ideal scenario. FBN Holdings in a much better position as it relates to off-balance sheet transactions.

Details available at Dialectic Africa Analyst google search:

http://judefejokwu..com

UBA going on another Africa expansion spree. Given antecedents , this is not a good sign for near to medium term financial performance. Customers brought into your fold will trump territorial expansion any day. UBA is pursuing excitement or traction.

Details available at

http://www.judefejokwu..com

If can wait two years or less to earn 200% return then, buy FBN Holdings.
Details available at

http://www.judefejokwu..com

The article is titled Select African Banks

Despite South Africa'a drop to third, the country continues to boss itself throughout the continent through its companies. Most African countries do not have a foothold in South Africa while the reverse is in full bloom. Nigeria is a prime example. More on this available at

http://www.judefejokwu..com

SleekAboki:
So Nigeria still have humans capable of saying truth? let's hope Efcc and Dss doesn't media parade falana for receiving alert.

Yes, a few still exist that stand for the truth against all odds. More truth at http://judefejokwu..com

Buy FBN Holdings. Very likely to make 200% in 2 years or less.

Details available at http://judefejokwu..com

The title of the article is Select African Banks...

South Africa is Africa's second largest economy (dethroned two years ago by Nigeria) and most advanced economy. South Africa is competing perennially as the second largest investor (foreign direct investment) in Africa typically behind the United States of America.

South Africa has continually made it difficult for other African countries' companies to break into its market or export products into South Africa that they have an absolute and/or comparative advantage over South Africa in through protectionist policies and high import tariff barriers.

South Africa's foray into the continent creates relatively few new job opportunities. This is despite the country being the second largest FDI investor in Africa and its massive investment outlay across the African continent from Morocco to Mozambique.

There are over 60 successful South African companies in Kenya and very few Kenyan companies in South Africa. Tiger Brands owns Haco Industries which is a FMCG company in Kenya established in the early 1970's. South African insurer Sanlam has a majority stake in Kenyan life insurer: Pan African Insurance Company which is listed on the Nairobi Stock Exchange. Sanlam also acquired a majority stake (50.3%) in Niko Group Uganda in 2014. This deal also gave Sanlam a 49 per cent stake in Niko Group's insurance business in Uganda, Tanzania, Malawi and Zambia.

South African businesses have benefited a lot from doing business in Mozambique. South Africa's state-owned Industrial Development Corporation owns 24% of Mozambique's MOZAL aluminum smelter in Maputo which is the largest foreign direct investment in Mozambique. Mozal is responsible for about a third of Mozambique's exports. The Development Bank of South Africa and Eskom (South Africa's power company) provided resources for road and power supply infrastructure to ensure success of the smelter. The total capacity of the Mozal Smelter is about 600,000 tons and is the second largest aluminum smelter in Africa. Guess which country has the largest? South Africa! The Hillside Aluminum Smelter has a capacity of about 720,000 tons. South Africa ensured its aluminum smelter kept the top position and took a quarter of the ownership in its nearest rival. The only word that comes to my mind is: SWEET!

The world says Africa is rising. African countries need to wake up to what is going on within the continent; or, African countries will rise up and be sleep walking while South Africa is running them over repeatedly. Neighbors can make strange bedfellows especially when placed side by side. South African companies are everywhere in Africa; African companies are nowhere in South Africa. As a matter of urgency, African leaders need to meet somewhere with Jacob Zuma. Trade & investments are rarely equal but should not be lopsidedly disproportionate.

More details available at http://judefejokwu..com