Mpeace:
https://doclib.ngxgroup.com/Financial_NewsDocs/35987_UNITY_BANK_PLC%20_AUDITED_FINANCIAL_STATEMENT_FOR_2021_F.pdf
Unity bank result is out.
FBNH are you seeing what am seeing?

Will they declare dividend Page 4 paragraph g says no dividend was declared in 2020

I think i will ride NAHCO to 9naira. Please, which other stock can do this? Outside INTERNATIONAL BREWERY...

Mpeace:
https://doclib.ngxgroup.com/Financial_NewsDocs/35987_UNITY_BANK_PLC%20_AUDITED_FINANCIAL_STATEMENT_FOR_2021_F.pdf
Unity bank result is out.
FBNH are you seeing what am seeing?

But total comprehensive income net of tax for the year is in the negative to the tune of -N743,659,000. What is the impact of this please? Can anyone explain before I end up buying the shares and losing money! Heeeeeeelp ! The eps is looking good but this net total comprehensive income is worrisome.. will the price go up or down on Monday

sonofElElyon:


But total comprehensive income net of tax for the year is in the negative to the time of -N743,659,000. What is the impact of this please? Can anyone explain before I end up buying the shares and losing money! Heeeeeeelp ! The eps is looking good but this net total comprehensive income is worrisome.. will the price go up or down on Monday

I think those lines are OCI, Other Comprehensive Income. Probably a negative change of the fair value of d debt instruments they invested in. As long as they are holding, no problem.

Below is a description of OCI:

"Other comprehensive income is those revenues, expenses, gains, and losses under both Generally Accepted Accounting Principles and International Financial Reporting Standards that are excluded from net income on the income statement. This means that they are instead listed after net income on the income statement.

Revenues, expenses, gains and losses appear in other comprehensive income when they have not yet been realized. Something has been realized when the underlying transaction has been completed, such as when an investment is sold. Thus, if your company has invested in bonds, and the value of those bonds changes, you recognize the difference as a gain or loss in other comprehensive income. Once you sell the bonds, you have then realized the gain or loss associated with the bonds, and can then shift the gain or loss out of other comprehensive income and into a line item higher in the income statement, so that it is a part of net income"

Copied from a random Google search...

emmanuelewumi:




The guy suppose share his analytical tools with us.

He identified Dangote Flour around N2. I bought the stock at N4 and rode till N17 before i sold. Those who waited till the end of the film sold to Olams at around N24.

He also identified Vitafoam at around N5, although my average price for Vitafoam is less than N4.

You are correct my Oga. I remember the Dangote Flour PLC scenario. What surprised me about his prediction was that a lot of investment professionals in some of the big named organisations doubted the significant rise would happen to the stock and kept a lot of their clients in the dungeons.

Senior man, @Currentprice was able to create an opening for the few who trusted to see some light and crawl out of those dungeons. May the Lord continue to prosper his Ministry o!

@Emmanuelewumi, your advice has been very insightful and valuable too and we appreciate you too Sir.

May the Lord continue to crown our efforts with achieving positive results and greater milestones.

ositadima1:


I think those lines are OCI, Other Comprehensive Income. Probably a negative change of the fair value of d debt instruments they invested in. As long as they are holding, no problem.

Below is a description of OCI:

"Other comprehensive income is those revenues, expenses, gains, and losses under both Generally Accepted Accounting Principles and International Financial Reporting Standards that are excluded from net income on the income statement. This means that they are instead listed after net income on the income statement.

Revenues, expenses, gains and losses appear in other comprehensive income when they have not yet been realized. Something has been realized when the underlying transaction has been completed, such as when an investment is sold. Thus, if your company has invested in bonds, and the value of those bonds changes, you recognize the difference as a gain or loss in other comprehensive income. Once you sell the bonds, you have then realized the gain or loss associated with the bonds, and can then shift the gain or loss out of other comprehensive income and into a line item higher in the income statement, so that it is a part of net income"

Copied from a random Google search...

Thanks for this...
I have long struggled with this concept but this is very enlightening

sonofElElyon:


But total comprehensive income net of tax for the year is in the negative to the tune of -N743,659,000. What is the impact of this please? Can anyone explain before I end up buying the shares and losing money! Heeeeeeelp ! The eps is looking good but this net total comprehensive income is worrisome.. will the price go up or down on Monday

ositadima1:


I think those lines are OCI, Other Comprehensive Income. Probably a negative change of the fair value of d debt instruments they invested in. As long as they are holding, no problem.

Below is a description of OCI:

"Other comprehensive income is those revenues, expenses, gains, and losses under both Generally Accepted Accounting Principles and International Financial Reporting Standards that are excluded from net income on the income statement. This means that they are instead listed after net income on the income statement.

Revenues, expenses, gains and losses appear in other comprehensive income when they have not yet been realized. Something has been realized when the underlying transaction has been completed, such as when an investment is sold. Thus, if your company has invested in bonds, and the value of those bonds changes, you recognize the difference as a gain or loss in other comprehensive income. Once you sell the bonds, you have then realized the gain or loss associated with the bonds, and can then shift the gain or loss out of other comprehensive income and into a line item higher in the income statement, so that it is a part of net income"

Copied from a random Google search...

Thanks for your response.. but the unity bank statement says it's comprehensive NET INCOME..

Kindly check it out below on page 24 (profit and loss) and share your thoughts

https://doclib.ngxgroup.com/Financial_NewsDocs/35987_UNITY_BANK_PLC%20_AUDITED_FINANCIAL_STATEMENT_FOR_2021_F.pdf

sonofElElyon:


Thanks for your response.. but the unity bank statement says it's comprehensive NET INCOME..

Kindly check it out below on page 24 (profit and loss) and share your thoughts

https://doclib.ngxgroup.com/Financial_NewsDocs/35987_UNITY_BANK_PLC%20_AUDITED_FINANCIAL_STATEMENT_FOR_2021_F.pdf

Earning per Share reads 27.15 kobo

Profit for the year = #3,173,254,000

Number of outstanding shares = 11,689,337,942

sonofElElyon:


But total comprehensive income net of tax for the year is in the negative to the tune of -N743,659,000. What is the impact of this please? Can anyone explain before I end up buying the shares and losing money! Heeeeeeelp ! The eps is looking good but this net total comprehensive income is worrisome.. will the price go up or down on Monday

Instead of buying Unity Bank, go to your bank and withdraw the money you want to invest in Unity, put everything in a basket add small petrol to it, light it and wait for everything to burn to ashes.

Unity Bank is a BIG RED FLAG, I will not recommend you buy even in 5 years from now except miracle happens.

CBN should have performed euthanisia on this bank, if not for the strong politicians behind the bank

ositadima1:


Earning per Share reads 27.15 kobo

Profit for the year = #3,173,254,000

Number of outstanding shares = 11,689,337,942

Then why us price soooo low
Should've been moving up based on quarterly results..
Something ain't right...

sonofElElyon:


Then why us price soooo low
Should've been moving up based on quarterly results..
Something ain't right...

It will start moving up soon

samguru:


Instead of buying Unity Bank, go to your bank and withdraw the money you want to invest in Unity, put everything in a basket add small petrol to it, light it and wait for everything to burn to ashes.

Unity Bank is a BIG RED FLAG, I will not recommend you buy even in 5 years from now except miracle happens.

CBN should have performed euthanisia on this bank, if not for the strong politicians behind the bank

Hard truth spoken by @Samguru regarding Unity Bank PLC. Don't view it in any other way than a brother telling you the hard lined truth.

I could say it in a subtle way though. It will be more beneficial for you to take that money and use it to lodge at Lagos Continental Hotel, enjoy the skyline view of Lagos as well as enjoy the sumptuous dining, music and the ambience available there.

For a fact, plenty babes go wan join you for the period you dey there because it will bring better memories than what buying Unity Bank PLC shares will do to your psyche.

The Bank's shareholders funds are deeply in the negative territory and from their shareholding structure, AMCON practically owns that bank. They will be unable to sell for as long as the political heavyweights are still around. Even the heavyweights are not willing to inject funds to rescue the Bank from its precipitous situation.

You may be thinking about being speculative but it is a dangerous game with that Bank. The moment the influence of those political heavyweights disappears, the bank will likely follow the path of Skye Bank PLC or Bank PHB PLC.

ololufemi:


Hard truth spoken by @Samguru regarding Unity Bank PLC. Don't view it in any other way than a brother telling you the hard lined truth.

I could say it in a subtle way though. It will be more beneficial for you to take that money and use it to lodge at Lagos Continental Hotel, enjoy the skyline view of Lagos as well as enjoy the sumptuous dining, music and the ambience available there.

For a fact, plenty babes go wan join you for the period you dey there because it will bring better memories than what buying Unity Bank PLC shares will do to your psyche.

The Bank's shareholders funds are deeply in the negative territory and from their shareholding structure, AMCON practically owns that bank. They will be unable to sell for as long as the political heavyweights are still around. Even the heavyweights are not willing to inject funds to rescue the Bank from its precipitous situation.

You may be thinking about being speculative but it is a dangerous game with that Bank. The moment the influence of those political heavyweights disappears, the bank will likely follow the path of Skye Bank PLC or Bank PHB PLC.

Clearly understood.. hmmmm.. will observe cautiously . Moreover no talk of dividend sef

sonofElElyon:


Clearly understood.. hmmmm.. will observe cautiously . Moreover no talk of dividend sef

Unity is:
Under performing
Non profit making
In distress mode
Tribalized
Yielding to big politician controls
Bank

Beware!

.

sonofElElyon:


But total comprehensive income net of tax for the year is in the negative to the tune of -N743,659,000. What is the impact of this please? Can anyone explain before I end up buying the shares and losing money! Heeeeeeelp ! The eps is looking good but this net total comprehensive income is worrisome.. will the price go up or down on Monday

Unity Bank with a negative shareholders fund of about N200 billion.


I am sure you also do Ponzi Schemes and Digital Agricultural investments, to the extent of having Unity Bank in your radar

emmanuelewumi:



Unity Bank with a negative shareholders fund of about N200 billion.

It can still be redeemed if they improve efficiency drastically and source for funding via equity and not debt.

ositadima1:


It can still be redeemed if the improve efficiency drastically and source for funding via equity and not debt.

Okay oooo.


You should allow insiders to do that.


They will need N400 billion to recapitalize Unity Bank

emmanuelewumi:



Unity Bank with a negative shareholders fund of about N200 billion.


I am sure you also do Ponzi Schemes and Digital Agricultural investments, to the extent of having Unity Bank in your radar

Read your comment again and ask yourself if someone of your caliber and supposed intelligence should be typing such trash
You should learn from Samguru and ololufemi and emmasoft

ositadima1:


If you look closely on page 24 under equity you would have noticed the huge Accumulated deficit, about #-371,734,695,000.

By the way, Accumulated deficit is the same as retained earnings.

In other words, Union Bank has been making losses so much that their retained earnings since inception is now negative. Probably losses from costumers who defaulted on their loans.

So, book value per share is negative, about -2.3 kobo per share.

If they handed you UBN for free, you go sell everything give creditors and still pay plenty money join sef.

Unity bank not Union Bank

.

[quote author=sonofElElyon post=112606231]

Read your comment again and ask yourself if someone of your caliber and supposed intelligence should be typing such trash
You should learn from Samguru and ololufemi and emmasoft[/quote

Hmmmmmmm.

emmanuelewumi:
I am sure you also do Ponzi Schemes and Digital Agricultural investments, to the extent of having Unity Bank in your radar

Lol. You're possibly not far from the truth sir.

Some people can't just handle the truth and comprehend simple advice.

I come in peace. Happy Sunday @all.

yMcy56:

Lol. You're possibly not far from the truth sir.

Some people can't just handle the truth and comprehend simple advice.

I come in peace. Happy Sunday @all.

With this you have lost my respect mercy. You are nothing but a "behind licker". Someone posted the results of unity bank and I asked for explanations regarding meaning of comprehensive net income which was in the huge negative and which I thought wasn't a good sign.. that makes me a ponzi scheme investor right? That's why Nigeria is the way it is. Blind loyalty. You never went through my earlier posts but jumped to support your lord and master. You also clearly didn't take into cognisance how other respected members of this thread politely responded to my request for explanations regarding the audited result. Used to hold you in high esteem. Apparently I was wrong. Some of you guys want to create some sort of cabal here.. Good luck to you..

sonofElElyon:


With this you have lost my respect mercy. You are nothing but a "behind licker". Someone posted the results of unity bank and I asked for explanations regarding meaning of comprehensive net income which was in the huge negative and which I thought wasn't a good sign.. that makes me a ponzi scheme investor right? That's why Nigeria is the way it is. Blind loyalty. You never went through my earlier posts but jumped to support your lord and master. Used to hold you in high esteem. Apparently I was wrong. You guys want to create some sort of cabal here.. Good luck to you..

sonofElElyon:


But total comprehensive income net of tax for the year is in the negative to the tune of -N743,659,000. What is the impact of this please? Can anyone explain before I end up buying the shares and losing money! Heeeeeeelp ! The eps is looking good but this net total comprehensive income is worrisome.. will the price go up or down on Monday

This was the post that started the admonition.

This first post showed that you were about making decision to buy something 'toxic' perse.

And your attention were drawn to the fundamentals of what you want to buy. Maybe you got upset when you were referred to as ponzi investor. This shouldn't make you have such hard feelings.

Now you talk of Mcy supporting people. Do you know she lost money trading Skyebank (when it was nationalised on Sunday morning) after people warned her about the same fundamentals that Unity Bank is exhibiting today?

I do not think it is a cabal thing being created. They are only helping you to make an informed decision. One poster even said you should set your money ablaze instead of buying the stock.

Can the stock rise due to uninformed investing? Yes. Can you make money using technical analysis? Yes. But they are just drawing your attention on the fundamentals of this bank which if all that applied to Afribank, Union Bank, Bank PHB, Skyewere to apply to this same bank, you will not be happy.

We knew this bank since SLS time o. So no be today the bank don dey like that. It has political clout.

It is not a cabal thing. They are only telling you to be careful.

RabbiDoracle:




This was the post that started the admonition.

This first post showed that you were about making decision to buy something 'toxic' perse.

And your attention were drawn to the fundamentals of what you want to buy. Maybe you got upset when you were referred to as ponzi investor. This shouldn't make you have such hard feelings.

Now you talk of Mcy supporting people. Do you know she lost money trading Skyebank (when it was nationalised on Sunday morning) after people warned her about the same fundamentals that Unity Bank is exhibiting today?

I do not think it is a cabal thing being created. They are only helping you to make an informed decision. One poster even said you should set your money ablaze instead of buying the stock.

Can the stock rise due to uninformed investing? Yes. Can you make money using technical analysis? Yes. But they are just drawing your attention on the fundamentals of this bank which if all that applied to Afribank, Union Bank, Bank PHB, Skyewere to apply to this same bank, you will not be happy.

We knew this bank since SLS time o. So no be today the bank don dey like that. It has political clout.

It is not a cabal thing. They are only telling you to be careful.

My Oga thanks for the admonition sir

Please don't forget to add that the professional advice we get here for free shouldn't be taken for granted. People pay top dollars to get it.

Even if the delivery is not nice - we should still appreciate the input because nobody owes us anything. My mentor use to say "Eat the meat and throw the bones away."

RabbiDoracle:




This was the post that started the admonition.

This first post showed that you were about making decision to buy something 'toxic' perse.

And your attention were drawn to the fundamentals of what you want to buy. Maybe you got upset when you were referred to as ponzi investor. This shouldn't make you have such hard feelings.

Now you talk of Mcy supporting people. Do you know she lost money trading Skyebank (when it was nationalised on Sunday morning) after people warned her about the same fundamentals that Unity Bank is exhibiting today?

I do not think it is a cabal thing being created. They are only helping you to make an informed decision. One poster even said you should set your money ablaze instead of buying the stock.

Can the stock rise due to uninformed investing? Yes. Can you make money using technical analysis? Yes. But they are just drawing your attention on the fundamentals of this bank which if all that applied to Afribank, Union Bank, Bank PHB, Skyewere to apply to this same bank, you will not be happy.

We knew this bank since SLS time o. So no be today the bank don dey like that. It has political clout.

It is not a cabal thing. They are only telling you to be careful.

I noticed myself something I considered a warming signal ! Obviously i didn't want to invest without explanations regarding this.. insulting me isn't the way to go please.. Someone telling me to burn my money instead of investing isn't an insult.. it's simply emphasizing how worthless and money wasting the investment would be. Saying i invest in ponzi on the other hand is downright insulting.. I don't talk to people that way and won't be spoken to like that either.. same way someone here said i must be high for listening to Peter's advice. The same mercy and co jumped to the person's defence.. I maintain my position that blind loyalty operates here.. if not let me see you correct Emmanuel ewumi for saying without proof that i invest in ponzi scheme and digital agric !!!

sonofElElyon:


I noticed myself something I considered a warming signal ! Obviously i didn't want to invest without explanations regarding this.. insulting me isn't the way to go please.. Someone telling me to burn my money instead of investing isn't an insult.. it's simply emphasizing how worthless and money wasting the investment would be. Saying i invest in ponzi on the other hand is downright insulting.. I don't talk to people that way and won't be spoken to like that either.. same way someone here said i must be high for listening to Peter's advice. The same mercy and co jumped to the person's defence.. I maintain my position that blind loyalty operates here.. if not let me see you correct Emmanuel ewumi for saying without proof that i invest in ponzi scheme and digital agric !!!

Boss-boss, believe me when I say pa Emma was only ''catching cruise'' regarding the Ponzi investment statement. I know him beyond this platform and I can categorically tell you that it was all fun, the intention wasn't to insult you in anyway. However, if you felt offended, I apologize on his behalf. Trust me when I say he's a very good man!

onegentleguy:


Imagine someone asserting that UNITY bank could pay a dividend in the near term and even comparing it to WEMA !! ...a bank(WEMA) that performed even better than a few banks(including one 1st tier bank) in one of its KEY efficiency line.
Pls lets always remember that someone, somewhere, might innocently act on what we put out here, so it's important to always season our post with FACTS.

Looking at the coys spate of financial print, UNITY should've long been a distressed entity !!

1st off, the banks OHLSONS O-SCORE shows that there is an extremely high risk of default(distress/bankruptcy risk in view)
...current score shows that the bank should have gone under.
Infact, JAPAUL(@ its current state) and the 'late' SKYE BANK(before it was bridged) are better off than UNITY.
I dare say that if UNITY is still in existence, then SKYE should 'naturally' not have been bridged !!

Again the coys ALTMAN Z-SCORE points to a high credit risk weighting with a wide negative value drive behind the current price.
The only reason this bank haven't gone into extinction is probably because of the influence of what I call the political gladiators(mainly from the north) behind it.
Perhaps the bank is used as a medium to 'play out and achieve other things' for them.
The other day, I saw what looked like an abandoned mosque as a branch of the bank in one of the highbrow areas of the city of PH. ...and further checks after going in(a sought of fact behind the figures) painted a perturbing situation.

Now let me reveal a few shocking lines from their last financial print(Q3 in view)

...a brief;

Assuming a run rate of their reported PAT(approx N1.48B) is grown by that margin YoY, it will take the bank near 23 yrs to offset her RE position and start issuing a dividend !!
...and assuming the same run rate(pat growth) is maintained and a share reorganization exercise(similar to the WEMA style) is carried out, it will take the bank over 8 yrs to pay a dividend !!
So perhaps the expectation of a dividend(as cashflow reward) should be for one's kid(s) should they decide to align with UNITY as a dividend growth stock now.

Again the liabilities line shows that UNITY is on a life line.
When u see issued debt/borrowed fund and inter bank debt growing @ 5x and over 2x the rate to that of deposit pool, it describes a grossly distressed bank !!
It's clear that the CBN is...
It also clearly looks like when u do some math(add/subtract a few figures), u'll get an interpretative line that highlights the high risk of even banking with UNITY.(deposit pool in view)
The interpretation of this is that it's even dangerous to associate with UNITY as a cus*****, much less the situation as a shareholder !!

Elsewhere, the anatomy of the banks cashflow statement shows a 'messed up' entity.
Don't want to say much so I wouldn't appear to be demarketing the bank... but there are quite a few very worrying RED FLAGS.
The only possibility of a swift turnaround would be if an investor comes in to pick up the 'carcasses' and bail out the bank.
I think the bank should look to temporarily give up on its national banking licence and adopt a regional banking one as a way of optimizing(cutting) cost. ...and then reorganize and restrategize on their target market to begin a fresh growth from the grassroot.
Kind of adopt the WEMA approach.
Along that line, Management must have to be very efficient(with been innovative) if they truly desire any meaningful turnaround !!

Bottom line: UNITY should be avoided !!
While u might probably make money speculating on it, u could possibly lose more !!
Remember;

"When a company within the stock market wants to quickly dispose of 'a building without a foundation', it auctions it to a SPECULATOR.
An INVESTOR stays far away... a TRADER watches on... but it is the SPECULATOR who eventually buys the auction."
~Sinclair

"The danger with SPECULATING in the stock market is that it is an adversary to any clear Investing STRATEGY.
...and often times, 'it is neither here nor there'
With 90% of the act, it is just like attempting to invent an idea that is already obsolete."
~Sinclair

NOTE: NOT a recommendation. When in doubt, pls do well to seek the services of a reputable investment manager for guidance.
My advise: Just follow ur instinct.

sonofElElyon:


I noticed myself something I considered a warming signal ! Obviously i didn't want to invest without explanations regarding this.. insulting me isn't the way to go please.. Someone telling me to burn my money instead of investing isn't an insult.. it's simply emphasizing how worthless and money wasting the investment would be. Saying i invest in ponzi on the other hand is downright insulting.. I don't talk to people that way and won't be spoken to like that either.. same way someone here said i must be high for listening to Peter's advice. The same mercy and co jumped to the person's defence.. I maintain my position that blind loyalty operates here.. if not let me see you correct Emmanuel ewumi for saying without proof that i invest in ponzi scheme and digital agric !!!

Dear @ SonofELELyon if I may come in; what @ Sir Oracle was trying to infer is that it might be better (in this instance) to FOCUS on the message and not the messenger.

In reality, people will pass messages accross using different forms of representation, but often relative to their interpretation of matters and/or the peculiarity at the time. ...sometimes it (the spoken or written word) might seem very nice, at other times not so nice, but the most important thing is to understand the INTENT or DRIVE behind the message.
If and when you can establish that the intent/drive is genuine (I think it's the case here), then it might be better to allow it take higher precedence ahead of ones emotion.

Let me give you a fine illustration;
Let's say you sought the view/advice of 3 investors Mr X, Y and Z on whether to buy a certain coy V.
Mr X had/has made returns investing in the stock... Mr Y has lost or is losing money in it while Mr Z, though not invested in the coy, has broad knowledge of it. (fundamental stand in view)
Now you'd expect to get different replies/revert from all 3 of them even if they all have genuine intentions.
I can tell you for free that you will like the message representation of some but definitely not all. This is something I have personally learned and come to terms with over time.

While pa Emma' post may not have sounded so nice, I'd prefer to (again, in this instance) focus on WHY the message was given and not HOW it was passed. ...and in that light, he meant no harm. He was only trying to look out for you.
I also think that @mcy56 means well! ...she's been doing a great job here.
Pls do try to calm down, pick a thing or two as lesson and move on!

By the way, pls kindly read through the post from 2019 above.
With UNITY BANK, not much has changed since that post.
While there's been a slight improvement from then, RISK is still far ahead of the combination of REWARD and the coys CMP.
You may wish to trade the stock if you understand it's TA dynamics but even then, be VIGILANT!

Do take care of you.
Regards

A very happy Sunday to you all.

May your days continue to bask in Devine grace and favour and may this week and the month of MAY bring us plenty of good tidings!

Regards

sonofElElyon:


I noticed myself something I considered a warming signal ! Obviously i didn't want to invest without explanations regarding this.. insulting me isn't the way to go please.. Someone telling me to burn my money instead of investing isn't an insult.. it's simply emphasizing how worthless and money wasting the investment would be. Saying i invest in ponzi on the other hand is downright insulting.. I don't talk to people that way and won't be spoken to like that either.. same way someone here said i must be high for listening to Peter's advice. The same mercy and co jumped to the person's defence.. I maintain my position that blind loyalty operates here.. if not let me see you correct Emmanuel ewumi for saying without proof that i invest in ponzi scheme and digital agric !!!

Oga I won't patronize you one bit.
Your reaction on a faceless forum makes me wonder whether you actually lost money in MMM.

Anybody can be 'yabbed' on this forum including your so-called cabal. I am sure Emma has lost count of the 'stones' he has received here.

The summary is; if you desire respect, go and fence your village. Your village people will respect you very well.

RabbiDoracle:




This was the post that started the admonition.

This first post showed that you were about making decision to buy something 'toxic' perse.

And your attention were drawn to the fundamentals of what you want to buy. Maybe you got upset when you were referred to as ponzi investor. This shouldn't make you have such hard feelings.

Now you talk of Mcy supporting people. Do you know she lost money trading Skyebank (when it was nationalised on Sunday morning) after people warned her about the same fundamentals that Unity Bank is exhibiting today?

I do not think it is a cabal thing being created. They are only helping you to make an informed decision. One poster even said you should set your money ablaze instead of buying the stock.

Can the stock rise due to uninformed investing? Yes. Can you make money using technical analysis? Yes. But they are just drawing your attention on the fundamentals of this bank which if all that applied to Afribank, Union Bank, Bank PHB, Skyewere to apply to this same bank, you will not be happy.

We knew this bank since SLS time o. So no be today the bank don dey like that. It has political clout.

It is not a cabal thing. They are only telling you to be careful.

I have come to realize that one thing that's common with a black man is AGGRESSION.