|
aktopgun (m)
|
C-I LEASING
Incorporated 28 Dec 1990
Listed on NSE Dec 1997
Year End - January 31st
P.O & Rights offer - 1999
P.O - June 2006
Outstanding shares 1.6Billion
Share Holding structure: over 40% owned by institutional investors
OUT Consortium Finance Ltd
Leadway Assurance
Crusader Insurance
Credit Alliance Finance Services
Continental Reinsurance Company
UBA Trustees Ltd
Core Business:
1.Finance Lease services - Consumer and corporate Clients. Cars, generators,Air Conditioners, Computers, TVs, buses office equipment etc
2.Rentals - Cranes, forklifts, bulldozers,tugboats, fuel barges,trailers, tanker vessels, etc
3.Car Rental/Transport Solutions - Runs Hertz rent-a-car franchise in Nigeria. Now added Hertz Haulage and Hertz travel
4.Car Distribution - wholly owned subsidiary C & I Motors, Authorized distributor of Suzuki cars in NIgeria. Now building an ultra-modern distribution & servicing network for the sale and servicing of all Suzuki cars in Nigeria.
5.C & I Outsourcing - Takes care of Personell outsourcing, security services, HR Consultancy/Recruitment
6.W.A.P - Wholly owned W.A.P Distribution Limited, a paper distribution business being set up.
Gross Income: PBT PAT PBT MARGINS (PAT/GROSS INCOME) PAT MARGINS
1999 156,870,000 44,012,000 38,244,000 28.06% 24.38%
2000 236,273,000 63,200,000 55,896,000 26.75% 23.68%
2001 346,182,000 83,391,000 72,181,000 24.09% 20.85%
2002 608,150,000 55,942,000 44,853,000 9.20% 7.38%
2003 941,698,000 93,909,000 82,143,000 9.97% 8.72%
2004 1,284,758,000 122,061,000 109,604,000 9.50% 8.53%
2005 1,166,860,000 112,199,000 95,649,000 9.62% 8.20%
2006 1,339,977,000 119,481,000 99,310,000 8.92% 7.4%
2007 1,585,625,000 164,737,000 134,122,000 10.39% 8.46%
2008 353,000,000
EPS (Earnings per share)
1999 32K
2000 23K
2001 30K
2002 19K
2003 34K
2004 27K
2005 16K
2006 17K
2007 8K
DPS (Dividend per share)
1999 15k
2000 10k
2001 15k
2002 10k
2003 15k
2004 10k
2005 ?
2006 ?
2007 0k
ROE (Return on Equity: Net Income/shareholder's Equity)
1999 38.01%
2000 21.27%
2001 24.15%
2002 14.02%
2003 23.20%
2004 26.25%
2005 21.30% (need confirmation)
2006 20.33%
2007 8.2%
I had always thought this company was very good but for me it didn't really stand up to closer research.
Looking at their Profit margins, they are erratic at best and even on the poor performance side at times. They may be losing ground to competitiors or companies are just buying their own stuff instead of leasing.
Management for me not too good at deploying their capital going by the ROE either.
They did do well in the 3Q '07 and they have added the proceeds from their last P.O in 2006 to their bottom line in 2007 so i think the money is beginning to yield results
The other good thing they have going for them is that they are the only ones listed in their sector on the NSE ie the Leasing sector.
The choice is yours fellas and i hope this little research helps u all in making your decisions but me personally, i will be holding off on them for now because i don't think they are as fundamentally sound as i had thought.
happy investing.
Manchester United 4 life!
|
|
|
|
|
|
aktopgun (m)
|
LONGMAN:
Incorporated- August 1961. Listed on NSE 23 July 1996 in printing and publishing sector
Off-shoot of Longman Group UK Limited(now known as Pearson Education Limited)
Main business- book publisher, textbooks mainly, also general reference and leisure reading materials.
Publishers of New General Mathematics, Stone & Cozens Biology, Practical English and the English Project series.(bring back any memories fellas :rotlmao: :rotlmao:)
Headquarters- Lagos
Regional offices in Abuja, Agbor, Akure, Enugu, Ibadan, Ilorin, Jos, Owerri and Zaria
Chairman: MR. EMMANUEL IJEWERE
M.D/CEO: MR. DANIEL OBIDIEGWU - since 2005.
AUTHORISED SHARE CAPITAL: N200,000,000. PAID UP: 73,500,000
REGISTRARS: FIRST REGISTRARS NIGERIA LIMITED
NSE Awards: Annual Merit Award for 1999, 2000, and 2001
OUTSTANDING SHARES - 176,400,000
GAVE A 2 FOR 5 BONUS IN 2001
GAVE A 1 FOR 5 BONUS IN 2005
TURNOVER
2002 - 680,148,000
2003 - 795,971,000
2004 - 1,051,917,000
2005 - 1,304,641,000
2006 - 1,743,874,000
1Q 2007 - 320,300,000, 1Q '06 - 220,210,000
2Q 2007 - 662,600,000, 2Q '06 - 570,355,000
3Q 2007 - 1,340,000,000, 3Q '06 - 992,930,000
PBT PAT
2002 - 77,192,000 45,843,000
2003- 51,964,000 32,602,000
2004- 111,894,000 62,964,000
2005- 173,399,000 119,843,000
2006- 283,561,000 203,751,000
PAT 2007
1Q 9,500,000
2Q 20,800,000
3Q 94,100,000
PROJ FY PAT 2007 (based on 3Q 2007) - 125,466,666, a 38.4% loss from PAT 2006
EPS- EARNINGS PER SHARE(KOBO)
2002 31K
2003 22K
2004 43K
2005 82K
2006 116K
PROJ EPS 2007 71K
DPS- DIVIDEND PER SHARE(KOBO)
1997 25K
1998 25K
1999 40K
2000 40K
2001 25K
2002 25K
2003 12K
2004 25K
2005 30K
2006 40K
PROJ DPS 2007 (ASSUMING A 48% PAY OUT OF PAT)- 34K
COMPANY'S NET PROFIT MARGIN ie PBT/TURNOVER
2002 11.34%
2003 6.53%
2004 10.64%
2005 13.3%
2006 16.3%
NET ASSETS PER SHARE
2002 160K
2003 170K
2004 188K
2005 239K
2006 315K
FULL YEAR RESULTS HISTORICALLY RELEASED BEETWEEN APRIL AND JUNE
Looks like they will lose money base don this year's proj PAT compared to last year's Full year PAT but note that in 3Q 06 they had only 57.8m PAT and ended the yr with 203.7m.
it is believed historically that they make most of their profit in the 4th quarter with the students returning to school. Lets hope that is the case still.
|
|
|
|
|
|
aktopgun (m)
|
NGC. I posted this research of mine here last year or so i believe but since u asked for it here goes:
NGC: In the chemicals and paint section of the NSE. Quoted on the NSE in 1979
45yr old company started in 1963. Previously Hoechst Nigeria, changed to NGC in Feb 1995
Manufacture and distributor of pharmaceutical, consumer products , oil and gas field chemicals.
Market leading brands-daga,benylin, abidec, tabalon.
CEO- Mr Adeboye Shonekan, made CEO in April 1999. Formerly with IFC.
Head of Board- Alhaji (Dr.) Abali Muhammadu
Outstanding shares- 153,786,012. Authorised share capital is 200,000,000 ordinary shares
Year end - Dec31st
Ownership structure -
Volker securities and investment limited- 46.63% as of dec 31st 2005
Nigerian social insurance trust fund (NSTIF) - 10.11% as of Dec 31st 2005
Other nigerians - 43.26%
Registrars- City Securities Limited
Twice awarded NSE best presentation, quality an ddepth of annual report and accounts, last time was in 1992
History of bonus issues and public offers:
1991:1 for 4 bonus
1992-public offer
1996-rights issue
2001: 1 for 6 bonus
TURNOVER:
2001 - 977,168,000M
2002 - 1,439,659,000B
2003 - 1,603,313,000B
2004 - 2,085,445,000B
2005 - 2,477,005,000B
2006 - 2,490,000,000B
PAT:
2001 - 4,464m
2002 - 38,773,000m
2003 - 61,532,000m
2004 - 94,936,000m
2005 - 121,365,000m
2006 - 149,300,000m
Proj PAT 207- 193,070,000m
EPS: EARNINGS PER SHARE
2001 - 3KOBO
2002 - 25KOBO
2003 - 40KOBO
2004 - 62KOBO
2005 - 79KOBO
2006 - 97KOBO
Proj EPS 2007- N1.26
DPS: DIVIDEND PER SHARE
2001 - 0KOBO
2002 - 20KOBO
2003 - 30KOBO
2004 - 30KOBO
2005 - 35KOBO
2006 - 45KOBO
NET ASSETS PER SHARE:
2001 - 642KOBO
2002 - 648KOBO
2003 - 658KOBO
2004 - 689KOBO
2005 - 733KOBO
RETURN ON INVESTMENT
2004 - 8.95%
2005 - 10.8%
2006 - 13.2%
NGC has 4 divisions:
1. industrial chemicals - least profitable. actually losing money
2. Ethical pharmaceuticals - most profitable
3. Consumer chemicals - 3rd most profitable.
4. oil fields chemicals - 2nd most profitable. added in 2004. called NGC Oil services
NGC dropped Agrochemicals division in 2004
NGC owns shares in UNIC Insurance bought at N182,000,000 for 140,000,000 shares in 2005
As of Full year 2005, CEO Adeboye Shonekan owned 998,958 shares (same number as he owned as at full year 2004)
PAT 3Q 2007 144.78M
PAT 3Q 2006 116.30M
Up 24% from the same period in 2006.
TURNOVER 3Q 2007 2,117,000,000b
TURNOVER 3Q 2006 1,982,000,000B
Up 7% from the same period in 2006.
Meaning from a 7% increase in their turnover, they managed to increase their profits by 24%, suggesting they are managing their costs better i guess.
Now, if u consider that their PAT for the whole of 2006 FULL YEAR was 149.30M (up 23% from 2005) and the TURNOVER for the whole of 2006 FULL YEAR was 2,490,000,000B, that 3Q result isnt looking too bad.
For the fellas who may not have it:
NGC:
PAT
1Q '07 - 57,200,000M, UP 65.75% FROM SAME PERIOD 2006
2Q '07 - 119,000,000M, UP 39.93% FROM SAME PERIOD 2006
3Q '07 - 144,800,00M, UP 24% FROM SAME PERIOD 2006
TURNOVER
1Q '07 - 710,510,000M, DOWN 19.21% FROM SAME PERIOD 2006
2Q '07 - 1,360,000,000, UP 7.94% FROM SAME PERIOD 2006
3Q '07 - 2,117,000,000, UP 6.81% FROM SAME PERIOD 2006
Now if u look at the turnover between 1Q '07 and 2Q '07 u will notice a 91.4% increase.
Between 2Q '07 and 3Q '07 there is a 55.66% increase in turnover.
i think they are still in line to meet their targets.
I have N193.07m as projected PAT. They released their results around mid july last year
|
|
|
|
|
|
kingzy (m)
|
@fatherof2,
Please what are the 3 banks?
|
|
|
|
|
|
FatherOF2
|
 . What challenge might that be FOF2? I do not see how candle stick charting skews the view on any stock investment actually, if anything it makes it clearer. You may want to learn to use it sometime.  Understanding the tenets of the whole of TA should inform the investors decision and not one indicator as i am sure u are aware (or at least i hope u are). It is always advised to base decisions on at least 3 or 4 indicators and if u don't like a particular indicator that shouldn't make it bad or unusable should it? I do not think it is necessary to go into the benefits of this particular tool but its there for all to see. As Tesco says "every little helps" and in the case of candle stick charting it is not even a small help sef! By the way, its good to be back. Hahahahahahahahaha, i now see how to draw you out from the shadows. |
|
|
|
|
|
FatherOF2
|
@fatherof2,
Please what are the 3 banks?
Access, Diamond and more GTB. All FYE are crossed. Hope to add Skye this week, but won't put any bid price limit.Will just search for anything low. i failed in my lasaco low bid on friday.It doesn't seem some people are too desperate. |
|
|
|
|
|
abudupp
|
Hello, i need advice o! can i invest with as little as 30k? and what stocks would give good returns in say 6-8weeks. i like crazyt's idea but november seems a bit too far. c&i leasing increased from 8 naira to 16 naira in about 6 weeks in the first quarter of this year. any idea what other stocks would behave like that? i tend to get lost on nairaland so i would really appreciate personal replies - abdulahibandele@live.com |
|
|
|
|
|
BABIFAZE (f)
|
. What challenge might that be FOF2? I do not see how candle stick charting skews the view on any stock investment actually, if anything it makes it clearer. You may want to learn to use it sometime. Understanding the tenets of the whole of TA should inform the investors decision and not one indicator as i am sure u are aware (or at least i hope u are). It is always advised to base decisions on at least 3 or 4 indicators and if u don't like a particular indicator that shouldn't make it bad or unusable should it? I do not think it is necessary to go into the benefits of this particular tool but its there for all to see. As Tesco says "every little helps" and in the case of candle stick charting it is not even a small help sef! By the way, its good to be back. If the candle chart is as good as you claimed, why is your portfolio on RED? wouldn't you have seen the bear coming? I believe the candle chart skews the view on stock. And it can be used to manipulate investors easily by dictating the stock market. Just my opinion sha. |
|
|
|
|
|
aktopgun (m)
|
If the candle chart is as good as you claimed, why is your portfolio on RED?
wouldn't you have seen the bear coming? I believe the candle chart skews the view on stock. And it can be used to manipulate investors easily by dictating the stock market.
Just my opinion sha.
"As good as i claim"? Whats that about? I claim nothing. Candle stick charting has been around for the last 2,000yrs so i can't claim anything, it does that all by itself i think. What kind of statemment is "how come i didn't see the bears coming?" Did u? If u did please share your knowledge. |
|
|
|
|
|
Krrush (m)
|
If you remember well. I was made a challenge to it sometime ago. Its good alright. But its skews your perspective in looking at the real direction of where a stock is heading.
When a profittaker attacks today, candle will tell you by close of the day, and many will react next day. But that may not be the true picture.
Its like embarking on a journey.You may have a blown tyre or something,but you'll still change it and make your way to your destination.
For me overtime, i have averaged short term to between 0-3months(sometimes a little more or less), within this time, a good stock must act. That is short term. But the wan when traffic light go dey change from red to green to yellow daily, that na ULTRA ULTRA SHORT TERM.I think i prefer to sleep well on a daily basis[/b].At best if you want to have a view of stock, give it like 2weeks to understand its behaviour particularly if you were well positioned from the start.
Hahahahahaha. . . . . Sounds familiar,doesn't it? I remember when @Wanajo seemed almost challenged by @FatherOf2's short-term trail-blazer on this forum. Now,it appears as if @aktopdraw(gun) may well constitute a challenge for @FOF2,with his ultra-short candles! It seems @FOF2 is now the one sounding-off,as did @Wanajo,then. Go, Einstein!! Your Relativity Theory reigns supreme  .To bad Gabriel Oyibo's GAGUT (God Almighty Grand Unified-field Theorem) hasn't quite come through yet. GAGUT's unification of theories of the MACRO and MICRO universe, "THE THEORY OF EVERYTHING",may yet come to our stocks investment rescue  . Watch this space. . . . . . . . . |
|
|
|
|
|
|
|
husu (m)
|
@babyfaze,
why u dey worry our gurus,please don't pursue them.The bears came,they ve eaten and they are gone.
|
|
|
|
|
|
BABIFAZE (f)
|
"As good as i claim"? Whats that about?
I claim nothing. Candle stick charting has been around for the last 2,000yrs so i can't claim anything, it does that all by itself i think.
What kind of statemment is "how come i didn't see the bears coming?" Did u? If u did please share your knowledge.
Aktopgun, am not stepping on your toe here!!! Am new to investment world though but I think this candle chart does not belong to the forum as it can cuase panic selling among new investors who believe the candle is 100% reliable. Thank God you know it has been around for ages that means one should not take it as ULTIMATE future teller. What it does best is to manipulate investors by dictating the stock performance, and depress the stock market as well. Why is it that some forum members both here and the other side do not want you to shine candle on particular stock they are holding? Ever thought of it? I guess all that followed the candle chart got their finger burned as well as as myself. The truth be sey, you be one of the most intelligent gurus here and there. So i for like make you dey send the candle to those who want am as PM, and make you continue to help and advice the new comer base on experience and fundamental analyse like you dey do before before. Just my opinion sha. |
|
|
|
|
|
aktopgun (m)
|
Aktopgun, am not stepping on your toe here!!! Am new to investment world though but I think this candle chart does not belong to the forum as it can cuase panic selling
among new investors who believe the candle is 100% reliable. Thank God you know it has been around for ages that means one should not take it as ULTIMATE future teller.
What it does best is to manipulate investors by dictating the stock performance, and depress the stock market as well. Why is it that some forum members both here and the other side do not want you to shine candle on particular stock they are holding? Ever thought of it? I guess all that followed the candle chart got their finger burned as well as as myself. The truth be sey, you be one of the most intelligent gurus here and there. So i for like make you dey send the candle to those who want am as PM, and make you continue to help and advice the new comer base on experience and fundamental analyse like you dey do before before.
Just my opinion sha.
What the  I think it is not really wise to comment on stuff u know little about. It will only serve to expose the deficiency's in your opinions. How u can equate the fact that candle stick charting has being around for ages to mean it is not "an utimate future teller" is beyond me. Which method do u know that is? Please share. You need to do a little more learning on it to make such assumptions and comments and not base your sole argument on the fact that u or anyone else "got burnt" using it. So because u lost money using it that means it doesn't work? You've gotto be joking.I know u are smarter than that. C'mon. If a "new investor" here, after thousands and thousands of posts here still doesn't know enough about using tools and information to make investment decisions then maybe investing in the stock market isn't for him or her. The charts i post aren't meant for everyone, they will mean nothing to u if u do not understand their use. I have NEVER adviced any one to make buys or sells based on only candle stick charts. I talk about what I would do each time i post and even then caveats are applied. I do not make investment decisions for u or anyone else. Its not my business. Neither is it my concern u lost money because u followed candles. I wish u would learn to do your own analysis yourself so u could make better investment decisions but something tells me even then u will still lose money as we all do even on the soundest of analysis. The stock market is not a get-rich-quick scheme. Don't treat it as one. I won't even begin to talk about others who unlike you who have viewed the charts posted,used the info therein to add to their analysis and made money from their investments. I guess they were wrong weren't they. Also if the method of candle stick charting serves to "skew" the view of investors and cause "panic selling" maybe its responsible for the current market crash in the western markets. Sure u know that isnt the case. Don't make comments like that because they are essentially baseless. I don't think u are in a position to tell me what and what not to post either. Simply ignore the posts u do not like so u don't start making unfounded assumptions of any particular method. By the way i use Technical analysis as a whole and candlestick charting is but a small part of that. I am also quite adept at analysing companies I am interested in. Posting here for u to lay aspersions on my person is of secondary concern to me. |
|
|
|
|
|
MyPeace (f)
|
Aktopgun, am not stepping on your toe here!!! Am new to investment world though but I think this candle chart does not belong to the forum as it can cuase panic selling
among new investors who believe the candle is 100% reliable. Thank God you know it has been around for ages that means one should not take it as ULTIMATE future teller.
What it does best is to manipulate investors by dictating the stock performance, and depress the stock market as well. Why is it that some forum members both here and the other side do not want you to shine candle on particular stock they are holding? Ever thought of it? I guess all that followed the candle chart got their finger burned as well as as myself. The truth be sey, you be one of the most intelligent gurus here and there. So i for like make you dey send the candle to those who want am as PM, and make you continue to help and advice the new comer base on experience and fundamental analyse like you dey do before before.
Just my opinion sha.
Ranting of bear wounded soul!! So the bear brought you out of silent mode? Sorry jare, no be only u get red, no blame anybody for your losses. |
|
|
|
|
|
debenzd (f)
|
@Aktopgun, We have been through this before. E ma bi nu! Let's accept the fact that everyone has a different level of understanding of what is posted here. @Babifaze, it is okay to disgree but try not to cast aspersions on people. I use all(I like to be safe). I am not ashamed to protect my investment so I go still dey look candle RSI, etc. At the same time, I hope that I can make the kind of calls Fatherof2 makes on some stocks(this comes from experience). @Everybody, try not to blame anyone for the choices you make in selecting stocks. At best any advice given here is based on knowledge available and very personal but we all know NSE sometimes get im own head. I could easily have blamed Fof2 for advicing us to buy CCNN but I was also aware they had good results and thus was willing to wait it out. I have made a loss on CCNN but I am certain it will rise again. Go check out their 1st qtr result. Note: I did my own research too!If you can't stomach losing money, buy PP( like Wanajo don advice). or like Fatherof2 said in one of his earlier posts Study! Study!! Study!!! Teach yourself to fish. Can we have some peace please? |
|
|
|
|
|
nkc (m)
|
aktopgun y r u bothering, me follow candle, candle made a solid super millionaire in 2yrs this same candles sent me red flames, and i am very happy its red, y because it opens yur eye to more research, where u were not diligent. so please mind not dese peeps dey have sent all of us away, i guess they can only try send f02, u does not give a (your fav. swear word) so please , back to promise land. i will always thank u, and if i come over to d oda land of d whites, i will try and find u and give u a portion of some candylysis present |
|
|
|
|
|
rasputinn (m)
|
We wish to inform our esteemed shareholders, Regulatory Authorities, licensed stockbrokers, other capital market operators and the general public that United Securities Limited has been appointed the new Registrars of Access Bank Plc with effect from 21st April, 2008. Consequently, all enquiries regarding shareholding in Access Bank Plc including share transfer, unclaimed dividends and return money warrants on applications of 50,000 units and above during the 2007 public offer should be directed to: United Securities limited 5th Floor, UAC House 1/5, Odunlami Street Lagos Tel: +234 1 730 0898, 730 0891 Fax: +234 1 264 0709 Email: info@unitedsecuritieslimited.comPlease note however that enquiries regarding return money warrants for our 2007 public offer on applications for 1,000 - 49,999 units which had earlier been dispatched by Wema Registrars Limited should be addressed to: WEMA Registrars Limited 2nd Floor AG Leventis Building 42/43 Marina Lagos Tel: 234(01) 773 2181, 2666 778 |
|
|
|
|
|
FatherOF2
|
Based on this Beta result today, it seems friday holds entry promise if this decline is able persist.Hope it does.
|
|
|
|
|
|
debenzd (f)
|
Fof2 where do u see it headed? Na disappointing result o!
|
|
|
|
|
|
zomike
|
@babyface hi bob, please lets be carefull with our utterances bearing in mind that GOD is the rewarder of every man. if you are a beginner and lost money on Nse,be sure others have lost millions. AKT Does not know this but he saved me from losing millions when as a new investor i bought first inland bank while on technical suspension. i asked for his opinion and he alerted me that it has been on strong offer for sometime. (i didn't know anything about NSEbid position then) i opted out immediately and went for something else. i am eternally grateful to AKTOPGUN and i am sure this is same with so many other peeps. You only said your mind but don't send out bad impression to people around,not just AKT. This is what i have to say about the selfless AKT. When you forget about what you wrote TODAY,what will people have to say about you 2morow. My brother becareful with your utterances. . my 2kobo!! |
|
|
|
|
|
Enaholo
|
All,
Where can i get bid and offer position. I know it is available on NSE website, but i recall a site was posted somtime ago.
|
|
|
|
|
|
ololufemi
|
@ Fatherof2
Na that leg I use enter Starcomms Baba.
How the family and your work. This work just dey keep me busy.
@ All,
When will Food Concepts be listed.
I dey hunger to chop them chicken oh.
|
|
|
|
|
|
RoughCut (m)
|
@ Fatherof2
Na that leg I use enter Starcomms Baba.
How the family and your work. This work just dey keep me busy.
@ All,
When will Food Concepts be listed.
I dey hunger to chop them chicken oh.
Ha ha ha welcome back prodigal son . Na wa o you just disappear just like that. Anyway nice to know you are well and kicking |
|
|
|
|
|
bibi234
|
please can any one help? i do learn to trade stock in nigeria stock exchange any ebook on it, please room direct to any body you know is good in this, or any ebook to read on this .
|
|
|
|
|
|
debenzd (f)
|
@ Fatherof2, I dey see your hand for Fidelity. Nice one.
Hopefully na to chop and commot before PO shares enter market.
|
|
|
|
|
|
debenzd (f)
|
UACN NIGERIA PLC
UNAUDITED FIRST QUARTER RESULT ENDED MARCH 31ST 2008
2008 2007 %CHANGE
TURNOVER N10.787b N9.005b 20
PROFIT BEFORE TAXATION N1.230b N730.777m 68
TAXATION (N393.038m) (N233.849m)
PROFIT AFTER TAXATION N837.241m N496.928m 68
MINORITY INTEREST (N155.935m) (N78.786m)
PROFIT AFTER TAX AND EXTRA ORDINARY
ITEMS N681.306m N418.142m 63
FIDELITY BANK PLC
UNAUDITED NINE MONTHS RESULT FOR THE
PERIOD ENDED MARCH 31, 2008
2008 2007 %CHANGE
TURNOVER N27.284b N17.523b 56
PROFIT BEFORE TAXATION N11.680b N3.827b 205
TAXATION (N2.336b) N765.519m 205
PROFIT AFTER TAXATION N9.344b N3.062b 205
ZENITH BANK PLC
UNAUDITED NINE MONTHS RESULT FOR THE
PERIOD ENDED MARCH 31ST 2008
2008 2007 %CHANGE
TURNOVER N120.306b N70.768b 70
PROFIT BEFORE TAXATION N40.638b N19.257b 111
TAXATION (N7.314b) (N5.172b) 41
PROFIT AFTER TAXATION N33.323b N14.084b 137
|
|
|
|
|
|
debenzd (f)
|
All those with Banking stocks, our time don come o!. Na banks dey reign now. See fantastic results.
They have alos timed d market. I am sure they know that plenty of cash has hit or is about to hit d market.
Imagine December 2008 results. Na real competition o!
Seems some bulls are back!
|
|
|
|
|
|
ololufemi
|
this banks have started printing money in their Head Offices Zenith 33 billion naira  |
|
|
|
|
|
FatherOF2
|
This Beta just did a small wema on me. They come unleash Q1 next day to save their ass. But i still won't buy.I still suspect a short term move.
@ dbenzd
Lets hope these are good signs for the market.
|
|
|
|
|
|
FatherOF2
|
this banks have started printing money in their Head Offices Zenith 33 billion naira All of them will stop printing too much money from early next year. Uniform yearend will straighten a few things.But i will enjoy them for now. |
|
|
|
|
|
debenzd (f)
|
@ dbenzd
Lets hope these are good signs for the market.
I am hoping the banks will save the day and bring the bulls back. They are usually the 1st people to start disbursing Federal funds and typically know when cash is about to hit the market. Let's keep our fingers crossed. On the sad side wetin person fit do with ABC, Niwicable and dunlop. I carry my 2 left enter with small cash though but it will take a year's bull run to recover my losses. What are your thoughts? Our mutual broker no gree me sell Dunlop and niwicable. He keeps saying things go beta. |
|
|
|
|
|
![Nairaland [Nigerian Forum] Home](http://www.nairaland.com/Themes/default/images/english/home.gif)
Author
