Chairman of the Board, The Emerald Foundation
I am a private investor with a bias towards undervalued stocks and stocks offering good dividend yields.I mostly write on financials, utilities and small caps. I do not offer financial advice, readers should do their own due diligence. The link more

ALL CONTRIBUTIONS

Comments

Latest Comments
Zenith Bank Continues To Perform Well
7 years ago

Thank you for the feedback. I certainly agree that an investment in a Nigerian bank carries higher than normal risk. The concern over viability in 2016 was not related to Zenith per se but rather to the Nigerian banking sector as a whole. What drew my attention at Zenith in 2016 was its strong asset quality at a time when the Nigerian banking sector saw NPLs reach 11%. As noted, I am less optomistic about its share price performance for 2018.

Nigerian Economic Crisis And Its Effect On Banks
7 years ago

Hi James,

I will be writing a new article by the end of the week and will reply here with a link. Thank you for the positive feedback.

Nigerian Economic Crisis And Its Effect On Banks
7 years ago

Hi Wendel,

I do not have anything material to add at present. I will, however, do an update in March after the release of the banks results for 2017.

Purely in terms of share price the stock is up by about 12% since this article was written but I believe there is still upside potential.

Nigerian Economic Crisis And Its Effect On Banks
7 years ago

Thank you Bill. I believe the key to investing in Nigeria, much the same as investing elsewhere, is to find high quality companies.

Nigerian Economic Crisis And Its Effect On Banks
7 years ago

Yes I was a bit shocked when I first read of the low NPL ratio in a Moody's report and simply had to do more research. I believe this bank is the poster child for a prudent/conservative approach to lending in #Nigeria.

Nigerian Economic Crisis And Its Effect On Banks
7 years ago

Thank you for the feedback Charles, I will do my best to present more such ideas.

Nigerian Economic Crisis And Its Effect On Banks
7 years ago

I was a bit concerned that this article may not be a fit for the site. I am just hoping it was of some value.

1 to 9 of 9 comments

STOCKS I FOLLOW

TWEETS

PERSONAL BLOG

Latest Posts

Work Experience

Education

Publications