ogoo4real:

What could be the reason behind Unity bank fullbid?

The future will tell.

I wanted to sell below N1.35, but when I watched what's happening, I quickly cancelled my order

Unitybnk ... 13000 bid no offer. Where as good stocks are going down, na wa

megawealth01:


No need for this... Let's not deviate from this tread

Seconded !!

Bought me some unity b4 the lock. Don't play the game with me oo.

Where r u @currentprice? say something about CUTIX unaudited 4th qtr result

currentprice:


it Cutix bro

a stock identified by Oracle long time ago and he made cool money on it. the last bonus make their performance look average this time

Audit report due soon

Note: it not rated as stock to surprise the market as am still searching for that one. may be by H1

With CUTIX unaudited 4th quarter released on 27 may, how do you rate the company now?

BullBearMkt:

Pastor, why do you want analysis on corruption too?

Based on technical, the stock is looking good but there are sellers above 2.85. However, with the on-going bullish sentiments in NSE market, the bulls might have more power to overcome the bears at that level. Price already left a bargain level.

Some few weeks back, I think I read something relating to Cutix's FA from @currenrprice, you can check his past posts.

... corruption . I heard it here oo .

Thanks a bunch dearly

BullBearMkt:

I hope they can get good hands to manage the coy; great potential lies ahead.

I don't know why I'm suspecting a positive surprise from CUTIX. Please you guys should help me on TA, FA, SA and Corruption Analysis of this stock. I don't want to regret my action later. When are they likely going to release their 2023 audited statement pls?

Cc @currenrprice, OGG etc

Harvestock01:


Cutix? I received some dividend from the company last week, was it not for the March 2023 year end?

Oh! I don't think CUTIX has declared any dividend this year. Or am I wrong

emmanuelewumi:
Nahco closed at N17.25k, a guy sold the stock at N6.00 because his average cost was less than N3.50k.

He is still waiting for a pull back.


I told him 3 months ago that the intrinsic value of Nahco was N14. Nothing bad if he could get it at N10, but he was still waiting for a major pull back.

The revised intrinsic value of Nahco based on the growth, current efficiency and profitability of the business should be N20

CUTIX may release their final result next week. What do you have to say about the company, do you foresee the ucap and nahco sudden upward match here?

PETERiCHY:
Generational low gang rightnow

Oracle go done burn his shrine by now

I wonder what's the sin of some good stocks and the righteousness of some rotten stocks. Na wa for this mkt

MeezPat:
Omo, it's on full offer now, no buyer...e b like film...yesterday buyer yapa

But those who pressed sell button when I made the call sold more than 15millon units

MeezPat:
Omo, it's on full offer now, no buyer...e b like film...yesterday buyer yapa

I may be watching out for UNITYBNK support in coming days. Remember, I said I may, pls don't say pastor dey deal on monkey

Toluway:

My Pastor, but you have been preaching unity Bank hitherto.
The stock will continue to go up. This ground is currently watered. NSEM is moving to establish a higher dialectical level.

Yes you are right, from the news that the media roles out these days, NSE is surely going to break new grounds.

I may buy UNITYBNK again if ... Honestly I follow such stocks with long spoon. I bought at .64k and sold @.94, bought again at N1 and sold above N1.30 today. I may or may not buy again oo.

Pls don't follow me, I'm only practicing what I've learnt for years

yMcy56:

But UNITY is getting attention @1.22......
Any offer brought at that price is picked.....
Just an update from observation. Not any form of advice....

As far as jaiz continues to nose dive, i think I'm ok for now. I sold at 1.35/36. There are many fish in the sea.

locodemy:


You are trying to learn monkey hunt but you no sabi do am pastor victor.

No, I have no interest in your business. But what made you say that?

In case you have unitybnk, I sell this morning oo.

I no like wetin I see for Jaizbank

customstreet:



Yeah. There is a rumor of Acqusition by Providus Bank Plc

Hmmm !! ... no smoke without fire, but any link/confirmation website?

I knew that UNITYBNK must appreciate, but I never expected 10-10% daily like this for more than a week.

Pls is anyone with any info or hearsay, maybe about recapitalization, merger, acquisition or new investor ...

God bless you

locodemy:


Agba can't be Loco and Loco can't be Agba.
I think,concentrate and advertise on what gives me money.

Chaiii !! una no dey sow seed oo

Agbalowomeri:


Baba there is no amount of studying, everything will be like greet until you land on the field of play.
Even at that you will still pay school fees before your eye clear. Especially for those who join and are fortunate to make a huge profit. Caution must be thrown in the air before Monkey hunters like Loco hit you

... loco must hear this

ololufemi:


Haba na!

You know that the institution depicted by a word on the Nigerian Coat of Arms has a negative shareholder funds situation.

Only the interest of an investor will handle that issue.

BTW, haven't you seen stocks that have no office and business do MIRACLES on NSE?

Hmmm !! the day dangcement will kick off ...

I don't mean that you should buy pls

UNITYBNK ...

Sentimentally, if jaizbank that has up to 34billion OS, is selling for N1.80, then unitybnk of only 11billion may sell twice that price before the end of this mad bull.

Pls don't say, Pastor told me to buy oo. I'm only exercising the knowledge I've accumulated for years

tualle Gtco

yMcy56:

Lol
The poor too deserve to live...

Currently on full bid @1.12.

UBA presently getting lots of attn in the market....and.....interim is getting close..
UBA used to give much better interim among the fu.ga.z (in terms of price/volume comparison anyway) let's hope this year would be better as well.
* We've done the analysis here in the past.
Followed by ACCESS.
*ZEE and GT got higher marks for final div.

I believe as far as jaiz is not coming down, unity will always go up to meet her

Frangel:
If you mean new investors, at least N250billion would be injected to meet the minimum capital requirement to have a banking licence.

If you mean investors buying existing shares on NGX, the price could go up or down and they earn profits or losses, life goes on. Also, the CBN could take over the bank for persistently having negative shareholders fund, failing to meet the required minimum capital for a bank in Nigeria; shareholders lose their investments.

In as much as investors is not my primary purpose of buying the stock, N250billion is not even up to $500,000,000. Hope you know that bill gate is coming to Nigeria to discuss health, agric and finance

Mankindman:
Just returning from an ethnocentric ban by a headless, wicked, heartless Nairaland moderator in charge of politics section where I'm a PRO-BATIST.
The sentiment in favour of 🤝 UNITYBNK is being dictated by the common aphorism in stock trading and investing "If the preferable stock with good fundamental is not available, then the available becomes the preferable"
True to this, Nigeria listed companies follow this trend in >75% of cases. A rise in share price of GTCO vs Zenith, chase, rival and drag each other.
ACCESS vs UBA
Fidelity vs FCMB
PZ vs Unilever vs Cadbury
Bua cement vs Wapco
Conoil vs MRS, dragging ETERNA along coz of news on deregulation.
Mansard vs NEM vs CUSTODIAN
Aiico vs Wapic vs other insurance comp.
Guiness vs NB ...in those days, make NB the preferable at index price of N43.9 compared with the former at N77.7, and dz also hold a strong sentiment for International Breweries coz they compete in the same open market and would imminently drag INTBREW in the foreseeable weeks.
Wema vs Sterling are now pair, and the 2 institutions are expected to chase and catch up with each other in the foreseeable future.

Unity vs JAIZBANK....The former is now chasing the latter. Buying unity is purely a sentimental analysis.
People buying UNITYBNK are not doing so coz they believe in sudden turn around of this financial service provider, despite the recent improvement in the company financial reports, rather, the viral news of Tinubull is drawing people near and far to the market.
New entrants tend not to understand TA and FA before investing, while traders that are well positioned (I meant those that bought at sub N0.50k in 2022(October to December) myself inclusive are now using the TINUBULL to cash out and reinvest in dividend paying, and fundamentally sound stocks. This trend will continue until the ongoing and volatile TINUBULL attain an equilibrium.
"Equilibrium is the state in which market supply and demand balance each other, and as a result prices become stable. Generally, an over-supply of goods or services causes prices to go down, which results in higher demand—while an under-supply or shortage causes prices to go up resulting in less demand."
Same investors sentiment is promoting International Breweries, many analysts (both local and international recommend buy) one can follow this if you consider INTBREW as a growth stock that should be in your retirement (pension) portfolio.
At equilibrium, the Euphoria of TINUBULL effect on the capital market and Naira floating would have settled down, and the volatile nature of the Market continues.
Otherwise, investing in UNITYBNK with deficit shareholders fund is a personal choice. There is no pointer that this bank will pay any dividend in the next 4 years except a new investor/s buy the bank and delist it outrightly like the defunct Diamond Bank, then minority shareholders stand to benefit.
Investor sentiments and herds mentality can drive a dead stock to life during a bear or bull.
In sentimental analysis, good news and bad news exert their effects on the market.
Shares outstanding, cash inflows, current liabilities, income, operating deficit or surplus, cash balance , cost of income, share holders fund, PE value and fair value estimate are relegated to secondary indices when sentiment prevails at it's peak. Investors just react to the news, the herds follow.
People should have noticed the sudden activities in Tantalizer, DEAPCAP, and TIP that have been dormant for months.
Only investment naive individuals will venture into these dead stocks.
Still, it is their choice. Perhaps, they are ready to wait for years for the companies to turn around.

To those that commented my post on Total Energies. I wanted to reply earlier, but was banned coz I stand on PBAT mandate.

https://www.reuters.com/business/energy/totalenergies-announces-ntokon-oil-gas-discovery-off-nigeria-2023-06-13/

I only shared the good news for Nigerians, never to convince NGX listed Total Energies downstream equity holders. I know fully well that Total energy exploration & production, and Conoil producing are not listed on NSE....pls take note.
I'm a value investor with sound investment objective of growing my portfolio.
I outperformed all the members of FMAN and their overhyped portfolios(funds manager association of Nigeria). No fund manager beats my portfolio. I do not need to beat my chest coz I know that Jehovah has been so kind to me.
My portfolio is a thing of joy 2me, I can't explain how I defeated Nigeria inflation and Buhari 8 years of relative stagnancy in the capital market . I knew the economy was heading for a doom if the Naira was not floated, hence the last 4 years of Buhari administration offered me buying opportunity in fundamentally sound dividend paying companies.
On paper, We have all lost money 💰 if you divide your portfolio by N465 to a dollar b4 floating and by N680 after floating. however, this is paper loss. Million Naira is still difficult for hard working Nigerians.
The TINUBULL run alone added over N22M profit to my portfolio in 2 weeks as at the last business day of theweek. It is childlish sharing such screenshot. Some will feel intimidated.
One of the op even mentioned that I crawl from the bush. lol
Well, I have been following this thread as a guest since 2015.
I hope to share my experience on how I grew my inflation beating portfolio on an external thread one of this days, albeit as an anonymous.
The essence is not to take such experience to the grave, often mentioned that the richest place in Africa is the graveyard.
Compatriots should share true investment story on this platform in order to encourage others.
Kudos to all compatriots (both new and old)
Stockbull....pls come back
Feelamong....come back
Chibuking......come back
Agbalowomeri....be more active
Pa-emmanuel...be more active
RabbiDoracle...be more active
Yarinya.....come back
Onegentleman ..due respect
Peterichy, The Octopus...be more active.
Dipoolowoo...I miss the investment news link you usually share. Nowadays, I have to visit business post without observing your presence. Hope you haven't JAPA?
https://businesspost.ng/category/general/?amp=1#
So many compatriots that I can't remember their monikers. I extend greeting to you all.
You may not see my post often on this thread, but will share ideas that can benefit new investors once in a while if I don't get banned 😉 by the wicked Nairaland moderators.

IGBA YI A TU WA LARA OOOO.

You spoke well.

I used to make big money from wema, jaiz and unitybnk during bull run

Frangel:
If you mean new investors, at least N250billion would be injected to meet the minimum capital requirement to have a banking licence.

If you mean investors buying existing shares on NGX, the price could go up or down and they earn profits or losses, life goes on. Also, the CBN could take over the bank for persistently having negative shareholders fund, failing to meet the required minimum capital for a bank in Nigeria; shareholders lose their investments.

Why do you think their license has not been withdrawn, or are you trying to say that the bank is working without a license?

Agbalowomeri:


You wey no sabi TA
No go carry missionary money play kalokalo

After every mad bull or bear, comes TA application. UNITYBNK is still mad. I bought at .64k and will be through with it soon, maybe at N2 or N3 depending how the upward momentum goes.

Geovanni412:


The bank is a political entity

It all depends on IBB's relationship with TInubu

IBB's daughter is a member of the board.

If she's there, then we are going to N3 very soon