Sir, what is JB fair price?

Chibuking81:

JBerger will soon join them,
From illiquidy to liquidy.
Q2 will speak for them.

RabbiDoracle:
Learner? And you dey answer Jamb kwesion? Continue to lie.

Na my oga throw this big stone at me! Chai! Abeg forgive this small pikin o
Na to say I dey showcase the handiwork of you my Ogas na.
I take it to be that I got it right. Will be paying more attention in Nsempa class. Thanks Sir.

RabbiDoracle:


Over N2b worth traded.

I give you hand!!!

This hand wey you dey give me so I no get 1 unit oo. I follow Rationalmind dey wait for pullback since January
I love that stock menh, very strong stock.. when there’s bear it’ll just be trading on neutral.. no falling Yakata like some stock.. happy for whoever is in that bus

Yayira:



This hand wey you dey give me so I no get 1 unit oo. I follow Rationalmind dey wait for pullback since January
I love that stock menh, very strong stock.. when there’s bear it’ll just be trading on neutral.. no falling Yakata like some stock.. happy for whoever is in that bus

I think it was Agba that once said there's no crime in waiting

CP has been waiting for FO for 3 years

Revibe:
@fxuser, what's the best entry price for Fidelity

d 200dma / -61.8% fib level

fxuser:
FBN
- rejecting below n12 post div , SP maintains above 50 dma

Zenith
- breaking above N27.50 on vol

Zenith
- vol and price action working in d same direction

#patience folks

currentprice:

^
^^
with your over 10 years experience in the mkt, you still asking the newbie question

vv
v

loll
#savage

Union Bank

http://www.nse.com.ng/Financial_NewsDocs/22280_UNION_BANK_NIG.PLC._FINANCIAL_STATEMENTS_MAY_2018.pdf

Total NPL of about 110Billion as at year end. See choppings.....

Should we take it that DBN is also on it's way.

mendes911:
Union Bank

http://www.nse.com.ng/Financial_NewsDocs/22280_UNION_BANK_NIG.PLC._FINANCIAL_STATEMENTS_MAY_2018.pdf

Total NPL of about 110Billion as at year end. See choppings.....

Should we take it that DBN is also on it's way.

Why should this stock be trading more than Fidelity by this margin? On what basis are they enjoying this premium?

mendes911:


Why should this stock be trading more than Fidelity by this margin? On what basis are they enjoying this premium?

10% Free float owned by over 460k shareholders. 2 core shareholders own 89.32% of the bank.

Uniin bank result is out, diamondbank to follow. Vacation to SA loading

NoMoney:


10% Free float owned by over 460k shareholders. 2 core shareholders own 89.32% of the bank.

I saw that and that's another form of share manipulation aka share price maintenance.

In 2016, free float was about 14.11% and same 2 foreign shareholders maintaining 85.89%.

Fast forward to 2017, free float reduced to 10.68% and portfolio of same 2 foreign shareholders advanced to 89.32%. They are buying up the shares and keeping up stability.

All the best to them shaaaa.

NoMoney:


10% Free float owned by over 460k shareholders. 2 core shareholders own 89.32% of the bank.

What could this core investors be reaping from the bank, and when do you think this guys can pay dividend cos the day they decide to pay....hmmmm

Union bank NPL grew from 6% to 19%. I don dey fear oh. Diamond bank own go fit kee person oh chai I for sell since oh... Lol

RabbiDoracle:


Were they mates before?

My brother one of them have been trying hard to create that impression oh.
Maybe MR. TIME is about to judge them.

maishai:


What could this core investors be reaping from the bank, and when do you think this guys can pay dividend cos the day they decide to pay....hmmmm

Those loans. Those NPL's....

...My people, the truth is that Union Bank is going to be one of the strongest banks in few years to come. From the shareholding structure like someone noticed: the core investors are mopping the shares. This explains the free float volume. One of the techniques of these foreign core investors is to present the accounts in a way that the minority shareholders are scared off so that they can buy more. I have studied the report and its a good one for the company.Sorry no time to share points here. Don't be surprised if they come with the offer of de-listing 2moro from NSE. I see them perform better this year with the new fund injection.

DaV8King:
CCNN ehhhh.............it's really wanting to show it is severely undervalued.

Even at N27.03 full bid price, there is still a 50% upside before it reaches WAPCO.

As for dragging with Dangcem, never say never but for now it's unlikely.

And vetiva research still put them CCNN and JBERGER on sell recommendation side.
But I choose not to agree with them, their current EPS is superb.

I am still searching for the bull o
When I find am, I go drag am come here

Chibuking81:

And vetiva research still put them CCNN and JBERGER on sell recommendation side.
But I choose not to agree with them, their current EPS is superb.

Hi mate, any update on your child? It sends shivers down my spine when I remember what happened.
God strengthen your family.

valacious:

Hi mate, any update on your child? It sends shivers down my spine when I remember what happened.
God strengthen your family.

Still in search of her, and believing God that I will see her.

fopishow:
Sir, what is JB fair price?

#60, based on their current performance, especially their 2018 Q1 EPS
They were at #50+ price, as of 30th June, 2016, even when they recorded minus 0.07 loss in 2016 q1 EPS against 0.81 EPS in 2015 Q1.
Their price as of 2014 was above #60.
From recent result, it shows that they will sustain their earning, most especially now government is seeking point for election, and award of contract is serious ongoing.

Agbalowomeri:
I am still searching for the bull o
When I find am, I go drag am come here

Bull na gra gra oh. Hope you gather enough energy to handle am, drag am come here. Or you need a nwayi in the house to cheer you on to boost energy

FY 2017: Union Bank Gross Earnings up by 26% as NPL Ratio Hits 19.8%
https://www.businesspost.ng/2018/05/10/fy-2017-union-bank-gross-earnings-up-by-26-as-npl-ratio-hits-19-8/

mendes911:


I saw that and that's another form of share manipulation aka share price maintenance.

In 2016, free float was about 14.11% and same 2 foreign shareholders maintaining 85.89%.

Fast forward to 2017, free float reduced to 10.68% and portfolio of same 2 foreign shareholders advanced to 89.32%. They are buying up the shares and keeping up stability.

All the best to them shaaaa.

They want to corner the bank. One will soon offload to another and the cornering shall be complete.

Teeonly:
http://www.nse.com.ng/Financial_NewsDocs/22289_CEMENT_CO._OF_NORTH.NIG._PLC_CORPORATE_ACTIONS_MAY_2018.pdf

The bull might continue, but can there be a major reversal to 20 or 22 before the rally continue?

Chibuking81:

Still in search of her, and believing God that I will see her.

Amen. May God protect her wherever she is now.

TLAX:


Amen. May God protect her wherever she is now.

Amen, also bring her back home.

The bank is going private very soon. Atlas Mara owned by Bob Diamond will take it off market.

oyesola:
...My people, the truth is that Union Bank is going to be one of the strongest banks in few years to come. From the shareholding structure like someone noticed: the core investors are mopping the shares. This explains the free float volume. One of the techniques of these foreign core investors is to present the accounts in a way that the minority shareholders are scared off so that they can buy more. I have studied the report and its a good one for the company.Sorry no time to share points here. Don't be surprised if they come with the offer of de-listing 2moro from NSE. I see them perform better this year with the new fund injection.

rebekah2011:
The bank is going private very soon. Atlas Mara owned by Bob Diamond will take it off market.

\

Exactly. As at February 2018 they two times what is in their name in that financial report. Knowing Private equity companies, Union Global may soon sell off part of their stake to take profit. Atlas Mara who have not hidden intention to own and manage the bank may be interested in that stake.

Chibuking81:

Amen, also bring her back home.

Amen.