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Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 8:46pm On Mar 15, 2016 |
Mfunkynation: only the board knows. i expect a 30k div i hope n pray they dont issue a profit warning BUT i dont expect that. their 3rd quater was on point. most of the ppl issuing warning had a shaky 3rd quarter.l i bought tashere units of access wit the small money from the exit of gtb bought with the forgotten money in d itrade acnt. playing kalo kalo with my money on nse. |
Re: Nigerian Stock Exchange Market Pick Alerts by davide470(m): 8:46pm On Mar 15, 2016 |
mercylicious:Not so true, the FPI are more in Zenith than GTB as seen below, so expect anything tomorrow. 2 Likes 2 Shares
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Re: Nigerian Stock Exchange Market Pick Alerts by NuttyChoky(m): 8:47pm On Mar 15, 2016 |
NIGERIA | EQUITIES | BANKING | Zenith Bank Plc Q4 2015 results highlight: · Net interest income:+29.6% q/q; +0.1% y/y · Investment & operating income: -84.4% q/q; -85.4% y/y · PBT declined by -32.3% q/q; -34.6% y/y Zenith Bank released its Q4 2015 results today which were uninspiring on a q/q and y/y basis. PBT declined by -34.6% y/y to N21.56bn, despite a -22.1% fall in total operating expenses. The performance was driven by a -85.4% y/y contraction in investment and operating income and a +27.3% y/y increase in loan impairment charges while net interest income was virtually flat at N63.18bn. Sequentially, the +29.6% q/q rise in net interest income and -4.1% q/q decline in total operating expenses were weighed on by a -84.4% q/q decrease in investment and operating income, despite a +58% q/q increase in treasury bill trading income. In addition, a +136% q/q increase in loan impairment charges pushed PBT down -32.3% q/q. We highlight the significant reduction in investment and operating income; due to an N11.5bn drop in fees and commission (versus Q3 2015), FX trading loss of N6.4bn and other income loss of N4.4bn in the quarter. On a full year basis, PBT was up +4.9% y/y due to a +8.8% y/y increase in net interest income offsetting the -6.1% y/y fall in investment and operating income and the 20% y/y jump in loan impairment charges. Given the low interest rate environment, weak economic output and the difficulties corporates face in sourcing FX, we may not see improvement in net interest income and FX trading income in Q1 2016. The company proposed a final divided of N1.55kobo representing a dividend yield of 12.08% as at today’s close price. While our models are under review, we rate Zenith Bank (BUY). Our price target is N17.90. Source: Investment One Research |
Re: Nigerian Stock Exchange Market Pick Alerts by ufotty2001: 8:48pm On Mar 15, 2016 |
Please house I want us to debate on Fcmb.. I want to buy Fcmb for long term.. But I want to enter Fcmb @ a good price.. Please will Fcmb 2015 result be a net loss? Today Fcmb was on full offer |
Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 8:49pm On Mar 15, 2016 |
@david, when was the report last updated? |
Re: Nigerian Stock Exchange Market Pick Alerts by NuttyChoky(m): 8:52pm On Mar 15, 2016 |
davide470: Chief, I'm not sure this position is not dated. I recently read on Bloomberg where Aberdeen said they had exited ALL their Nigerian equity positions...except na just mouth |
Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 8:53pm On Mar 15, 2016 |
@perewisely, what are the charts telling u? |
Re: Nigerian Stock Exchange Market Pick Alerts by davide470(m): 8:58pm On Mar 15, 2016 |
mercylicious:March 1st. Outflows from Zenith was between October 2015 and Jan. 2016, but still, their FPI has not dwindled like that. So anything is possible. Just believe sha
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Re: Nigerian Stock Exchange Market Pick Alerts by davide470(m): 9:00pm On Mar 15, 2016 |
NuttyChoky:Well, true they might have, but their interests was just 1.10%. |
Re: Nigerian Stock Exchange Market Pick Alerts by megainvest: 9:01pm On Mar 15, 2016 |
Congtats to Zenith crew. Fear not the current irrational trend of dividend apathy. I believe as the closure date draws closer, people will be more desperate to buy. |
Re: Nigerian Stock Exchange Market Pick Alerts by stokfrick: 9:14pm On Mar 15, 2016 |
megainvest:Yep. So watch out for afriprud from Friday! It still has a very good dividend yeid compared to the banks at current price! |
Re: Nigerian Stock Exchange Market Pick Alerts by Born2berich: 9:22pm On Mar 15, 2016 |
Manonamission:Thanks sir |
Re: Nigerian Stock Exchange Market Pick Alerts by Born2berich: 9:23pm On Mar 15, 2016 |
ihedioramma:The prophet himself..Thanks 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by veecovee: 9:27pm On Mar 15, 2016 |
PETERiCHY:all u have being vomitting here have chased out the few remaining ones...some people are very negative 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by Raider76: 9:31pm On Mar 15, 2016 |
NuttyChoky: Jeez! I wonder how they will still make a BUY recommendation with all the negatives they fished out of the results. |
Re: Nigerian Stock Exchange Market Pick Alerts by gbolah4real: 9:46pm On Mar 15, 2016 |
NuttyChoky: There was somebody here that actually said he is keeping his Zenith bank shares till price appreciates to N21.00.... still searching for his comment |
Re: Nigerian Stock Exchange Market Pick Alerts by gbolah4real: 9:47pm On Mar 15, 2016 |
megainvest:Yes ooo Capital appreciation + Juicy dividend = Zenith Bank = Afriprud = UBA |
Re: Nigerian Stock Exchange Market Pick Alerts by ExLaidback: 11:16pm On Mar 15, 2016 |
I'm not so sure why shares like Zenith have still not shot up today. The dividend declared today was even more than some analysts forecast and at a little over 12%, it's quite a good yield. Anyway for the first time in a long time, all I'm interested in for the short term is dividend. I'll hold my positions in stocks like Zenith and maybe even acquire more so I even pray make the price drop sef. Na to acquire more, chop dividend and patiently wait for the long term price appreciation. This is primarily because I don't see enough price appreciation in the short term to give enough gains (I entered just today at N12.90K). The market still seems too bearish. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by ORAGBON(m): 11:43pm On Mar 15, 2016 |
mercylicious: mercylicious: |
Re: Nigerian Stock Exchange Market Pick Alerts by Mfunkynation(m): 4:00am On Mar 16, 2016 |
mercylicious:thabkz dear |
Re: Nigerian Stock Exchange Market Pick Alerts by Mfunkynation(m): 4:09am On Mar 16, 2016 |
ExLaidback:the result t outtt after market close.... lets wait n c wat happens today 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by lancee(m): 6:30am On Mar 16, 2016 |
ucap , Access result wait small ...lets see how tomorrow go be first 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by betcindy: 8:15am On Mar 16, 2016 |
How much of maybaker is on offer and bid and their current market price. @house on market resumption |
Re: Nigerian Stock Exchange Market Pick Alerts by Raider76: 8:16am On Mar 16, 2016 |
ExLaidback: Exactly my position. 12% in 3 weeks ain't bad. Entered yesterday @ 12.92, and will buy more today if it doesn't rally strongly. The registrars for Zenith are also very efficient and pay to the bank promptly. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by wizdonnel: 8:32am On Mar 16, 2016 |
Good Morning Fam...Just a reminder of the Basic Rules of Investing from the Oracle of Omaha ... 1.Buy low, Sell High. Buy high, Sell higher. In any case,Never loose money! 2.Be Greedy when others are fearful and be fearful when other are greedy for Greed and Fear are the main Drivers of the Stock Market, Not Buyers and Sellers. 3.Always refer to Rules No. 1 & 2 Enjoy Your Zenith Loot & Watch ConOil in 3D! 4 Likes 1 Share |
Re: Nigerian Stock Exchange Market Pick Alerts by ORAGBON(m): 8:44am On Mar 16, 2016 |
fxuser:seconded 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by ExLaidback: 9:43am On Mar 16, 2016 |
Raider76: Yeah! Just imagine those who loaded at N9.00 for instance, that's a clean 17% sweep. Anyway it's all good. Which reminds me, this e-dividend mandate of a thingy, hoping one can have it set up before they pay - if the process is not too cumbersome. |
Re: Nigerian Stock Exchange Market Pick Alerts by ExLaidback: 9:50am On Mar 16, 2016 |
FBNH declares anything less than 50k dividend, profit warning or not, I'll personally send EFCC after them. So whoever knows them, make e tell them say, no bonus o, just dividend. If UBA can do 40k, I don't know what their excuse is. Haba! More than half my portfolio is tied up in that... thing... |
Re: Nigerian Stock Exchange Market Pick Alerts by passwelle: 9:51am On Mar 16, 2016 |
FPI are not done yet with selling Zenith. Be informed. |
Re: Nigerian Stock Exchange Market Pick Alerts by NuttyChoky(m): 10:03am On Mar 16, 2016 |
passwelle: That's ok too... if they exit and depress prices, I can pick up more units and collect more dividends seeing as I don't have an fx exposure. One can always JO when they report their Q1 earnings 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by NuttyChoky(m): 10:04am On Mar 16, 2016 |
ExLaidback: Abi o... I have been diluting and diluting wetin dey do me last year A good dividend will help calm me down 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by Intendy: 10:08am On Mar 16, 2016 |
Coolcash1: http://af.reuters.com/article/nigeriaNews/idAFL5N16O16I?feedType=RSS&feedName=nigeriaNews&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+reuters%2FAfricaNigeriaNews+%28News+%2F+Africa+%2F+Nigeria+News%29 |
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