divalishis:

Please, does anyone know what happens to my Bank PHB shares? I don't understand what is happening o!

walcolm:

BankPhb does not exist anymore. the bank that used to be bankPhb is now named Keystone(not sure which is which) but the important thing is that it is OWNED 100% by AMCON

so u dont have bankPHB shares again. it gone, zilch

divalishis:


Sniff sniff!!!
But seriously, this is bad! If it's safe, I guess I'll just let the shares be. Maybe someday they'll be valuable again??
Its better than selling them cos right now, they're waaaay waaaaay waaaaay lower than the amount I bought them!
Sigh

blink182:

^^^
Please enlighten me

dinvesta:

I believe ashes are much , much , much ; in fact, way over, more valuable than those shares. You should thank God the Coy is a Plc. If not you would have been liable for all the debts they owe.

ashiri1:

Who ?

blink182:

LOL
You my friend, tell me what you think has happened to the shares

ashiri1:



The only reasonable post so far.
The rest lack indepth knowledge of the fin system.

omaojo1:

Phb is dead and so are those shares.Continue displaying your ignorance. Which someday? There is nothing like phb again so how would owning a share in it be possible.

The coy is dead and what we now have is a new ltd coy called Keystone bank ltd.

What was NSE and SEC's immediate action on the N3? Indefinate full suspension.

Arrangements are presently underway to delist the shares of the N3.

Thank God they are plcs else, the shareholders would have been responsible for the negative reserves the N3 died with.

superior1:

@ OP it remains a paper without monetary value for life. pele o

ashiri1:

Common respect red-skirt you no get!!!
I no go tell u! go call police! u pay me for consultancy?

ashiri1:

Common respect red-skirt you no get!!!
I no go tell u! go call police! u pay me for consultancy?

omaojo1:

Phb is dead and so are those shares.Continue displaying your ignorance. Which someday? There is nothing like phb again so how would owning a share in it be possible.

The coy is dead and what we now have is a new ltd coy called Keystone bank ltd.

What was NSE and SEC's immediate action on the N3? Indefinate full suspension.

Arrangements are presently underway to delist the shares of the N3.

Thank God they are plcs else, the shareholders would have been responsible for the negative reserves the N3 died with.

blink182:

Bros, you must consult for free today, I no go gree o

This is what I know but he sounded convincing and wanted to be open. I do not see how one can own shares of a non existent entity. I believe that's the reason the announcement was made on friday night and the shares put on indefinite suspension to prevent a massive bullish run and panic from taking place when trading resumed on monday thereby dipping the all share index further

blink182:

Bros, you must consult for free today, I no go gree o

This is what I know but he sounded convincing and wanted to be open. I do not see how one can own shares of a non existent entity. I believe that's the reason the announcement was made on friday night and the shares put on indefinite suspension to prevent a massive bullish run and panic from taking place when trading resumed on monday thereby dipping the all share index further

blink182:

Bros, you must consult for free today, I no go gree o


This is what I know but he sounded convincing and wanted to be open. I do not see how one can own shares of a non existent entity. I believe that's the reason the announcement was made on friday night and the shares put on indefinite suspension to prevent a massive bullish run and panic from taking place when trading resumed on monday thereby dipping the all share index further

ashiri1:

Time would prove u wrong. keep your fingas xed

omaojo1:

Gbam.In Nigeria it is very possible, this is consulting ignorance 101.

strangest:

camon, are you guys advising the OP, to use his certificates as toilet papers,  na person investment una dey ridicule OOO

ashiri1:

Time would prove u wrong. keep your fingas xed

omaojo1:

Gbam.In Nigeria it is very possible, this is consulting ignorance 101.

strangest:

camon, are you guys advising the OP, to use his certificates as toilet papers,  na person investment una dey ridicule OOO

ashiri1:

What happened to the shares of all state trust bank, Citizen bank etc would still apply but with time and consultation. Though the value would dip. The bridge banks are only entities for preparation of the coys for a recap and better standing. The interest of the old shareholders will be protected minutely. This is the best and last i will say. Let time prove me wrong

ashiri1:

What happened to the shares of all state trust bank, Citizen bank etc would still apply but with time and consultation. Though the value would dip. The bridge banks are only entities for preparation of the coys for a recap and better standing. The interest of the old shareholders will be protected minutely. This is the best and last i will say. Let time prove me wrong

omaojo1:

Now ask for education.

Citizens Bank was the consolidation vehicle for the old Spring bank plc. When the consolidation deal went thru, the shares of the 6 banks that merged were restructured based on some agreed criteria. It was a case of diff banks coming together to meet the 25b naira minimum cap base requirement.

In the case of all states, it was purchased by ecobank.

In the two cases above, the coys were not as the n3 and the resultin entities were not plcs.

The tall and short is this: there were no shareholders as those banks were carrying negative reserves. Technically speaking, the value of those shares were supposed to be in negative to the tune of the negative reserves the respective banks carried b4 their demise.

Ufeolorun:

As an ordinary share holder you have  right to the  residual interest in the company, IF ANY.(its universal ).I  think the govt agency  is just acting as a lender to help  protect public deposit and jobs, act as administrator to steer  the bank back to profitability and probably agree on how government funds used would be paid back(see General motors(GM), then hand it back to the shareholders.
Your shares might still be valuable in the long-run.

THE CHANGE OF NAMES IS SOMEHOW VERY CONFUSING,WHY THROW AWAY A WHOLE BRAND THATS NOT  SIGNIFICANTLY IMPAIRED.

MY TAKE

blank:

Worthless pieces of paper. The paper is even more valuable than the shares itself. Before NSE put a halt on trading, the value had crashed to N4.97. Go and buy fullscap paper from the mallams and see how much they will charge u.

Continue to wait for NDIC to pay u. They have not finished thinking of how they will pay the depositors billions of deposits, its an investor they will now pay. U took a gamble and a risk and it didn't pay off. The bank is now owned by FGN. Nothing for u.