Zenith Bank

Stockbear · #1 (**permalink**) 10th February 2007, 01:19 AM

Is there any truth to this? Zenith bank is coming to the market again? If true, when?

lebasstarline · #2 (**permalink**) 10th February 2007, 01:21 PM

Willing To Buy Your Share Can You Details Me Now?

Regards
Kumbe

lebasstarline · #3 (**permalink**) 10th February 2007, 01:26 PM

Hi Zinith

Lebasstarline Would Like To Buy Your Share.
Please,details Me Now.
Regards
Kumbe

c kenneths · #4 (**permalink**) 10th February 2007, 02:39 PM

I think there is a lot of rumour about banks willing to access the capital market for funds, but untill you see an announcement in the dailies or you physically see a subsciption form, it is just what it is - mere rumour.

Stockbear · #5 (**permalink**) 11th February 2007, 01:32 AM

Thanks C Kenneths

Stockbear · #6 (**permalink**) 11th February 2007, 03:58 PM

My stockbroker informs me that Zenith bank is about to peak. The data I have gathered shows that since 2004 zenith prices have constantly risen from about N12 to present N30+. Is there a time frame for stocks to peak? Do stocks take up to 3 years before they peak?

The stock market supposedly goes up and down, do certain stocks maintain their prices despite what is happening in the market? eg nestle: does it remain in the N200 price braket? Does it/has it/will it ever "peak"? Do I need to factor this into my intentions to trade, if peaking does exist?

Is there a way to analyse when/if a stock will peak?

Stockbear · #7 (**permalink**) 13th February 2007, 06:29 PM

Still waiting for feedback from the gurus in our midst. Where's Paragon? SpecNomics, CKenneths, and others?

c kenneths · #8 (**permalink**) 15th February 2007, 09:35 AM

I have heard some technical analysts talk about price peak of stocks, but personally I think the market itself has a mind of its own. Predictions by stockbrokers and analysts are often made to look ridiculous by unexpected happenings in the trading floor.

Stockbear · #9 (**permalink**) 16th February 2007, 03:34 PM

I bought Zenith during the last IPO at N16.90. It has basically doubled. When would be the right time to sell? Does anyone see it going higher or lower?

Paragon what is your take on this issue? All comers welcome.

Stockbear · #10 (**permalink**) 16th February 2007, 03:37 PM

C kenneths,

I am inclined to agree with you, but as I am new to all this I am trying to make sense of all this info flying around. Hopefully I'll get some guidance and then go on to make informed decisions.

c kenneths · #11 (**permalink**) 16th February 2007, 04:13 PM

From my little calculation, it is clear that Zenith bank since they went public in 2004 had never given bonus shares to their shareholders despite their high level of profitability over the past three years. They are a sure candidate for bonus share this year ending June 2007, and what this means is that if it is ever confirmed that they will give bonus, their current price may likely double to around 60 naira plus.
So Stockbear, hold on to zenith bank, its definitely looking beautiful at the moment.

Stockbear · #12 (**permalink**) 16th February 2007, 08:31 PM

Thanks C Kenneths. This is something to look forward to. I hope they do announce their intentions to give bonus shares.

Stockbear · #13 (**permalink**) 3rd April 2007, 11:53 PM

More reason to buy into the Zenith dream. As they expand their horizons they expand their income/profit base. For one, many Nigerians in the UK will find it easier to open an account with them without having to travel back home. I give them a big thumbs up.

Quote:

The Punch
Zenith Bank opens London subsidiary
By Festus Akanbi
Published: Tuesday, 3 Apr 2007

Zenith Bank Plc has opened its wholly owned United Kingdom subsidiary, Zenith Bank UK.

http://www.punchontheweb.com/Articl....00704031304760

Chrisgle · #14 (**permalink**) 4th April 2007, 01:31 PM

With Zenith investors have to be very careful

ghm · #15 (**permalink**) 4th April 2007, 03:45 PM

@ Chrisgle,

Why do you think investors must be careful? give the facts, figures and reasons.

paragon · #16 (**permalink**) 4th April 2007, 04:59 PM

Zenith bank is yet to peak. the stock has defied all projections so far. the stocks are very liquid and dynamic. all i will say is this, they will give a bonus this year so hold on for now. oyu will not regret it.

Stockbear · #17 (**permalink**) 5th April 2007, 11:50 PM

News of the opening of the the UK branch of Zenith has propelled buying/enhancing of the Zenith stock. Those who bought into the last public offer at N16.90 have seen the shares leap from last year’s PO price to N40.

This represents a total gain of N23 per share or 136 per cent.

Quote:

The Punch
UK subsidiary: Investors jostle for Zenith shares
By festus Akanbi
Published: Thursday, 5 Apr 2007

Fresh from the opening of its fully owned subsidiary in London, the United Kingdom, Zenith Bank’s share price crossed the N40 mark, at the close of trading on Wednesday making it the highest priced banking stock in the market.

The share price jumped from last year’s public offer price of N16.90. This represents a total gain of N23 per share or 136 per cent.

At the end of trading on the floor of the Nigerian Stock Exchange on Wednesday, over 4.5m shares of the bank were traded in 394 deals worth well over N180m. On Tuesday, 6.5 million shares of the bank were traded in 392 deals worth N252.72m.

The recent rally, our correspondent gathered, may not be unconnected with the bank‘s new move to the United Kingdom where the bank now has a fully owned subsidiary. Investors are also said to be betting on a strong nine month financial result from Zenith Bank.

http://www.punchontheweb.com/Articl....20070405292926

Stockbear · #18 (**permalink**) 7th April 2007, 05:30 PM

There is strong indication that the Zenith stock will make a lot of people "millionaires" by the time the stock peaks and investors cash in their shares.

Ordinarily since the stock has doubled in price, those who bought 30,000 units are already millionaires. Initial cost: N507,000.00 Capital Appreciation since doubled price: N1,014'000.00.

Quote:

http://www.sharebigfile.com/file/135...age---pdf.html

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c kenneths · #19 (**permalink**) 8th April 2007, 08:50 AM

Many people are regretting not buying much more units of zenith bank when it went for offer at 16.90 or even when it sold for 10.90 in 2004.

I was branded a zenith paid promoter then, friends asked me what I saw in the offer to make me believe so much in the bank. Well, I told them it's just their customer service.

A respected investment banker friend of mine insisted that the bank is a front for money launderers, fraudsters, 419ers corrupt gov. officials. According to him I should not have anything to do with the bank, he wanted me instead to buy the upcoming Union bank offer at that time which was selling for 20.00 then, no need for comparisons now.

Investments are like taking risks, you never know what will happen untill some time after you have given out your money, thank God we were right this time around. We are sitting back to enjoy the fruits of our risk.