Mcy56:

Closed period for Zenith is today 17th, it's just for 24 hours. Result may come out next week or this weekend self.
Could be the reason for the increased activities in the stock today.

In another news, Wapco is getting serious bashing.......Bomboclad you made the right decision.....this market can be somehow...

gloriousdawn:
Technical analysis suggests a likely pullback in Caverton if FY 2019 result is delay further.
RSI is neutral while MACD is surging higher.

OBAGADAFFI:


Is Ardova formerly FO?

IYGEAL:


Zenith Bank....a very interesting stock. Arguably the most liquid in the Exchange.

Mcy56:
Some guys or entities are codedly buying wapco at 12.40/12.45. Let's see how far the pullback will go.....
Mixed reaction in the market generally.....

ebuka1997:


That man na oga... a great hunter

abuhusna1:

I am sure you will beg to buy at high price

PETERiCHY:
The shares gained 41.3percent during the week after opening at N8.95 on Monday to close at N12.65 on Thursday, the last trading day

Specifically, it gained 9.5 percent, 9.69percent, 9.77percent and 7.20percent on Monday to Thursday respectively.

The rush for Lafarge shares can be linked to its return to the path of profitability.

Administrative expenses declined to N17.55billion from N24.87billion in 2018. *Profit after tax ballooned to N115.10billion from a loss of N8.8billion in 2018. It also propsed a final dividend of N1 per ordinary share to its shareholders.

Also, the repayment of all WAPCO’S FX related borrowings means that the company’s earnings are now less volatile despite the recent oil price collapse-induced currency pressure.

The proceeds from LSAH disengagement have been used to offset all its Foreign Currency debt of $293 million, including accrued interest of $23 million. From

N266.20 billion in 2018, debt (ex-overdraft) has declined to N64.19 billion, paving the way for a 56.1percent year-on-year decline in finance charges over 2019FY.

https://www.google.com/amp/s/businessday.ng/companies/article/lafarge-in-four-day-gain-on-bargain-hunting-amid-impressive-2019-result/amp/

Bomboclad:
Successfully out of WAPCO @ 10:00 hrs this morning with my loot. I hope it goes further so passengers can keep up the enjoyment.

dinyelutochukwu:


When two elephants fight, you know the rest.

https://www.nairaland.com/5782065/rivers-state-government-declares-carveton

Mcy56:

I think this is one of the reasons for Dangsugar full bid:
Merger with Savannah Sugar, got SEC approval.

https://thenationonlineng.net/merger-dangote-sugar-savannah-sugar-get-regulatory-approval/?utm_medium=Email&utm_source=Zenter-System&utm_campaign=%2319933+%3D%3E+MORNING+NEWS+HEADLINES&utm_content=91703c13d2a63a3ec463db5ebbebfe405601c186

Justcul:
I look forward to buy back the Zenith I sold today at 13. I hope to get in again tomorrow

Mcy56:
I think Access Bank hijacked fcmb MM.
In fcmb days, the price would have passed that of fidelity by now.

ositadima1:


Zenith and UBA are 6th and 8th respectively when it comes to dividend yield. Trancorp and Japaul are 80th and 93rd respectively.

Recovery is very likely. Even without capital appreciation at an average of 10% return he would have recovered his losses in 7 years.

Zenith dropped by 41% this year.
Therefore, 25m loss evaluates to 100÷41×25m =61m

61m was his initial investment, while he has 36m left in the market.

7 years at 10% average; 36m × 10 ÷ 100 × 7 = 25.2m

After 7 years he will be back where he started at 61m.

Seunn11:
Help my portfolio, people.
My Zenith is now in red to the tune of 25m. Help!!!
UBA is 6.5m loss.

OBAGADAFFI:



Some people held on Lafarge @%30 gain till the current price.

PharmAlfred:


Hahahaha. This time might be different oo.

Krisuba:
[quote author= hmmmm. Fcmb started losing!! Hope its not heading for 1.1 as somebody said. Loaded @ 1.5 shud I run or stay??

thebargainhunte:
The engine is stemming, tomorrow's outcome will determine our journey