bigjay01:

Who else sees this?
IEI ==> HIBL ==> SKYEBANK

Like I stated in my previous post. Former Skye bank CEO is heavily vested in this arrangement. It is conceivable.
What I also see is a situation where some banks will have to merger or be acquired to stay in business. Alternatively, they will have to raise capital asap. Skye bank is one of such.

Skye + Heritage + Enterprise is not unthinkable.

#Speculation

But Skye bank did bid for enterprise bank too......am trying to understand what is going on.

I think Skye bank is big, seriously too big to consider a merger, if it is about their current situation, I believe it is all about re-strategising, a bit of aura is needed to give the bank its much deserved relevance in the banking space. They need a bad strategic guy to help them out with that, which I believe they are close to the mark. Don't ask me how I got to know.

As per heritage bank, organic growth is simply not the best for it at the moment, it will waste time, and the growth will not be geometric, so to speak. The bank's best bet is to acquire enterprise.(A case of access bank and gtb comes to mind here, access grew its asset base by acquisitions, while gtb plowed the organic growth route, but believe me, Access is still bigger than Gtb, maybe not in terms of profitabilty, but asset base).

Enterprise bank (spring) has got many branches outside lagos, it has got a huge network, so consider heritage a major tier two bank anytime soon.

Please, as per all my rants up there, am just trying to say that the coming together of the three banks (skye, heritage, enterprise) is of no use/benefit, so I believe that won't ever be the plan, meanwhile I am also asserting that organic growth will never help a new player in a financial space of an emerging/frontier and developed economy, M and A will always be the best of bets.

paulcube:

1. I actually read Mercy's take on IEI..... and the advice I gave was it was best to get a contact in CBN to give a true state of affairs. Someone in CBN can easily unmask everything that seems masked. It won't be an official finding though.

2. For the COP deal, due to the various financial engineering involved in the acquisition, I will not doubt it is 50% debt and 50% equity. Nobody can! All I can say is that we know the guys that provided the debt component to the transaction, and the full facts will come out when their audited 2014 results are released or when they come to the market for rights issue. We won't find anything tangible in the audited 2013 result.

3. I agree with you and I am aware that price is not the only component used, but in this instance, I can tell you that Fidelity bid less than Heritage bank.

IS it most to come to the market?

WTF?

.

Where is current price?

Mercy you no well.

present ma,, late from church

kotlass:

Like I stated in my previous post. Former Skye bank CEO is heavily vested in this arrangement. It is conceivable.
What I also see is a situation where some banks will have to merger or be acquired to stay in business. Alternatively, they will have to raise capital asap. Skye bank is one of such.

Skye + Heritage + Enterprise is not unthinkable.

#Speculation

A friend just told me that Heritage bank has acquired Enterprise bank

sky2891:
A friend just told me that Heritage bank has acquired Enterprise bank

Ok

his friend try

@ Current price, u beat me to dt 2nd position. see d time naa. na my mtiiheen cause am.

In spite of clear fiscal regulatory provisions that all federal government Ministries, Departments and Agencies  (MDAs) must return their annual operating surplus to the treasury, the Securities and Exchange Commission (SEC) and the Nigerian Ports Authority (NPA) failed to remit a combined N28.27 billion of such surplus funds.

The Fiscal Responsibility Commission (FRC) disclosed this while meeting officials of the two agencies in Abuja, last week and insisted that the regulation be complied with.
According to the News Agency of Nigeria (NAN), the breaches were made in 2007 and 2008 by SEC which failed to remit N10.34billion in 2007 and N11.61billion in 2008, amounting to N21. 95 billion. NPA had less figures of N3.79 billion and N2.53billion in 2007 and 2008, totalling about N6.2 billion.

“For year 2007, 80 per cent of SEC operating surplus was supposed to be N11,152,535,000 rather than N808,736,586,40 which SEC had earlier remitted to the federal government as 80 per cent of its operating cash surplus. SEC has therefore been unduly withholding the balance of N10, 343,798, 413.60 due to the federal government,” FRC alleged.

@ Yemo, are they planning to delist or sanction sec?

mercylicious:
@ Current price, u beat me to dt 2nd position. see d time naa. na my mtiiheen cause am.

i be expert in that area you know now

mercylicious: @ Yemo, are they planning to delist or sanction sec?

Jst a warning or else, face sanction.

ihedioramma: IS it must to come to the market?

Can somebody remix this?

Hello Experts here, please I want to invest N500,000 in stock market(i.e. to buy and sell when the prices increase) and I'm completely new in this form of investment which I had always ran away from considering how it crashed and dealt with investors in the past.

Please I need good advisors on how to begin what shares should I buy, sound broker to use amongst others. I'll appreciate any write up on my inquiries. Regards

basisop: Hello Experts here, please I want to invest N500,000 in stock market(i.e. to buy and sell when the prices increase) and I'm completely new in this form of investment which I had always ran away from considering how it crashed and dealt with investors in the past.

Please I need good advisors on how to begin what shares should I buy, sound broker to use amongst others. I'll appreciate any write up on my inquiries. Regards

Educate urself on stock trading before asking for buy/sell recommendations.

basisop: Hello Experts here, please I want to invest N500,000 in stock market(i.e. to buy and sell when the prices increase) and I'm completely new in this form of investment which I had always ran away from considering how it crashed and dealt with investors in the past.
Please I need good advisors on how to begin what shares should I buy, sound broker to use amongst others. I'll appreciate any write up on my inquiries. Regards

Sir, you are very welcome. There is no expert on here, we are all comrades with the sole aim of increasing our net worth just like you. Regarding your investment, please ensure it is not funds which you may need urgently that you commit into this venture. Share prices may go up or down, so patience is key. Also be aware that in this business, you may lose more than the funds you invest. Aside of the investopedia website, the following may help:
https://www.moneyadviceservice.org.uk/en/articles/investing-in-shares
http://www.fool.com/investing/value/2006/01/12/just-due-it.aspx
Also, now is the time to leverage your research skills as you do your due diligence on any stock picks proffered on here. As knowledge is power, it may also be an extremely good idea to befriend anyone in your neighbourhood who works in a newspaper house (ask the people who saw the Ikeja Hotel ad recently). Regarding a broker, I will recommend Morgan Capital.

^^New scamming tactics come up from Nigerians every bloody day

@ evil spirit where r u ooo, ur pady dey up der ...Mr illuminati

Happy new week, lets get there is monday. Access bank plans #70 bn rights issue, vanguard news today . this stock is coming down this week .

T-A-K-E-O-V-E-R: SAB Miller (Owners of Int Breweries) Just Made A Bid To Acquire Heineken (Owners of Nigerian Breweries)

http://web.nairametrics.com/t-a-k-o-v-e-r-sab-miller-owners-of-int-breweries-just-made-a-bid-to-acquire-heineken-owners-of-nigerian-breweries/

Dragonking: T-A-K-E-O-V-E-R: SAB Miller (Owners of Int Breweries) Just Made A Bid To Acquire Heineken (Owners of Nigerian Breweries)

http://web.nairametrics.com/t-a-k-o-v-e-r-sab-miller-owners-of-int-breweries-just-made-a-bid-to-acquire-heineken-owners-of-nigerian-breweries/

Initial bid was rejected by the Heineken family http://www.bloomberg.com/news/2014-09-14/heineken-says-it-spurned-acquisition-bid-from-sabmiller.html

Seems both Brewers want to stay independent. There are speculations that AB InBev will launch a take over bid for SAB Miller.

Only time will tell, only interested in how both will affect my pocket . #fingerscrossed.

ihedioramma: Happy new week, lets get there is monday. Access bank plans #70 bn rights issue, vanguard news today . this stock is coming down this week .

passwelle: Sir, I have absolutely no clue. There is talk of a possible rights issue, this may or may not happen if the below is to be believed http://af.reuters.com/article/investingNews/idAFKBN0GZ0XU20140904

Sir, where have you been? This has been in the news since the 4th of Sept. There is a Businessday article which is a copy paste of the vanguard one also. I hope it comes down this week.

In September 2009, Nestle was hovering below 200 naira. Mi pop was advised not to buy because the stock was too expensive, the P.E was too high and other 'analyses'.
Exactly five years later since our now defunct stockbroker dropped his 'tip', all I can say is . . .' Thunder fire missed opportunities'

igboboy3: In September 2009, Nestle was hovering below 200 naira. Mi pop was advised not to buy because the stock was too expensive, the P.E was too high and other 'analyses'.
Exactly five years later since our now defunct stockbroker dropped his 'tip', all I can say is . . .' Thunder fire missed opportunities'

Haaaaaaaa, eeeeppppppppeeeeeeeee!!! Abeg where this bross wey u dey curse like this