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Re: Nigerian Stock Exchange Market Pick Alerts by Born2berich: 7:57am On Feb 05, 2016 |
Mfunkynation:Happy birthday sir..where the party at? 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by Born2berich: 7:59am On Feb 05, 2016 |
Intendy:Hehehe, so investors should not expect dividend from this stock? I laugh in Chinese...However, I love their transparency and how they carry investors along unlike oando that will keep telling lies upon lies. #issokay |
Re: Nigerian Stock Exchange Market Pick Alerts by EDUECO(m): 8:19am On Feb 05, 2016 |
FCMB Group Plc Announces 3Q15 Results FCMB Group Plc announces a Profit before Tax of N2.6 billion for the nine-months, ended 30 September 2015. LAGOS, NIGERIA – 29 JANUARY 2016: FCMB Group Plc (Bloomberg: FCMB) (“FCMB Group”) announced its Unaudited Group Results (though containing the Bank’s Audited Results), for the nine-months ended 30 September 2015. Financial Performance Highlights: Earnings Analysis: Revenue of N109.3 billion for the nine-months ended September 2015, an increase of 2% from N106.7 billion for the same period prior year. Profit before tax (PBT) of N2.6 billion for the nine-months ended September 2015, down 85% from N16.8 billion for the nine-months 2014. Net interest income of N48.7 billion, for the nine-months ended September 2015, a decline of 1% Year-on-Year (YoY), from N49.1 billion for the same period prior year. Operating expenses up 3% YoY to N50.5 billion, for the nine-months ended September 2015, from N48.9 billion for the same period prior year. Financial Position: Loans and advances up 1% YoY to N568.0 billion in September 2015 (N565.0 billion in September 2014), down 9% Year-to-date (YTD) (N618.0 billion in December 2014). Total assets up 12% YoY to N1.17 trillion in September 2015 (N1.04 billion in September 2014), but flat YTD (N1.17 trillion in December 2014). Customer deposits down 3% YoY to N703.0 billion in September 2015 (722.0 billion in September 2014) and down 4% YTD (N733.8 billion in December 2014), largely driven by the withdrawal of deposits into the Treasury Single Account (TSA) by the CBN. Key Ratios Capital Adequacy Ratio – 18.3% (19.0% for nine-months September 2014). Liquidity Ratio – 35.8% (32.2% for nine-months September 2014). Loan to Deposit Ratio – 80.8% (78.2% for nine-months September 2014). Cost to Income Ratio – 73.9% (70.3% for nine-months September 2014). Non-Performing Loans (NPL) to Total Loans Ratio – 5.8% (3.6% for full-year 2014). Low-Cost Deposit Mix – 65.8% (65.7% for nine-months September 2014). Commentary: Mr. Peter Obaseki, Managing Director of FCMB Group Plc, had this to say about the results: “The Group’s nine months’ profit before tax, dropped YoY to N2.6 billion, with the significant earnings drop largely coming from our commercial banking activities. This was caused by a specific impairment of N5.4 billion on a contracted receivable with a reputable and creditworthy going concern that we are hopeful of recovering and additional impairments of N6 billion on our loan book. Revenue also came under significant pressure due to various regulatory and macroeconomic headwinds, with the lull in the capital markets also adversely affecting equity capital transactions and other businesses under our investment banking arm. However, top-line revenue continues to hold up on the back of a strong and resilient retail business, transaction services and alternate channel offerings; improving liquidity and stable capital adequacy. Against the backdrop of a weak macroeconomic environment, the priority in the coming months will be on cost efficiencies - especially cost of risk - capital preservation, loan and receivable recoveries and sustaining the momentum in our retail banking activities.” |
Re: Nigerian Stock Exchange Market Pick Alerts by Manonamission: 8:26am On Feb 05, 2016 |
megainvest: You like money too much |
Re: Nigerian Stock Exchange Market Pick Alerts by megainvest: 8:31am On Feb 05, 2016 |
Manonamission: |
Re: Nigerian Stock Exchange Market Pick Alerts by Intendy: 8:34am On Feb 05, 2016 |
Born2berich:those who fail to learn by fact, will learn trough accident. like they said it can't go below 0.95k Sit down mode activated 1 Like 1 Share |
Re: Nigerian Stock Exchange Market Pick Alerts by Mfunkynation(m): 8:58am On Feb 05, 2016 |
Born2berich:thankz bosss...... the party will be on the floor NSE today |
Re: Nigerian Stock Exchange Market Pick Alerts by rebekah2011(m): 9:04am On Feb 05, 2016 |
Intendy: I like their transparency a bit. But what i find curious is the level at which same set of individuals seems to owe banks across the Land. The portion owed by Capital Oil should just be written off as the total exposure of Capital Oil to AMCON is mind boggling. Where is the risk management of this Bank? There is no functional shareholders association in this Land. |
Re: Nigerian Stock Exchange Market Pick Alerts by Manonamission: 9:04am On Feb 05, 2016 |
Mfunkynation: Happy birthday. I guess you will be ringing the closing bell on the floor today. Belated birthday greetings to Chibuking81. Birthday greetings to all February celebrants. 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by Manonamission: 9:16am On Feb 05, 2016 |
rebekah2011: The regulatory agencies too are culpable. For instance, the credit history of every prospective borrower is checked before advancing loans. A customer owing a bank and not servicing the loan should ordinarily not be able to borrow from another bank. If a loan is serviced, there wouldn't be any reason to make provision for it not to talk of writing it off. But what we have is an individual/company owing multiple banks and not servicing the loans. Let's not forget that some bankers too make a fortune from this illegally. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by Mfunkynation(m): 9:20am On Feb 05, 2016 |
Hello, MFUNKYNATION. Happy Birthday and very many happy returns of the day! We are wishing you long life, good health and prosperity. Best regards, MorganCapital Securities Limited. love this...... jus got it |
Re: Nigerian Stock Exchange Market Pick Alerts by AgoraRoad(m): 9:21am On Feb 05, 2016 |
I absolutely Love this thread 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by EDUECO(m): 9:56am On Feb 05, 2016 |
Mfunkynation:A Happy Birthday To You! More prosperous years. |
Re: Nigerian Stock Exchange Market Pick Alerts by megainvest: 10:15am On Feb 05, 2016 |
AgoraRoad: Me too. I've not let it go since I found it. Thanks to stockbull for starting this thread. |
Re: Nigerian Stock Exchange Market Pick Alerts by lancee(m): 10:18am On Feb 05, 2016 |
Pls house morgan working this morning ..help confirm |
Re: Nigerian Stock Exchange Market Pick Alerts by stokfrick: 10:20am On Feb 05, 2016 |
I trade is not working |
Re: Nigerian Stock Exchange Market Pick Alerts by EDUECO(m): 10:20am On Feb 05, 2016 |
lancee:Morgan iTrade is not showing live data! |
Re: Nigerian Stock Exchange Market Pick Alerts by lancee(m): 10:21am On Feb 05, 2016 |
Re: Nigerian Stock Exchange Market Pick Alerts by EDUECO(m): 10:23am On Feb 05, 2016 |
Who are those sabotaging Morgan iTrade? |
Re: Nigerian Stock Exchange Market Pick Alerts by megainvest: 10:24am On Feb 05, 2016 |
Wake me up when Morgan starts working. I have plans Meanwhile, Meritrade is working and the floor is very RED! Correction: I just noticed Meritrade is still carrying yesterday's data. As usual! 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by Mfunkynation(m): 10:26am On Feb 05, 2016 |
EDUECO:it was working around 9.30am up... i even place a sell bid... bt not connectin wit nse 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by EDUECO(m): 10:27am On Feb 05, 2016 |
lancee:NSE is where I get part of my 'national cake' from,so spoilers should beware! |
Re: Nigerian Stock Exchange Market Pick Alerts by Manonamission: 10:28am On Feb 05, 2016 |
Mfunkynation: Looks like the problem is from the NSE. I can't access the NSE either. |
Re: Nigerian Stock Exchange Market Pick Alerts by Born2berich: 10:32am On Feb 05, 2016 |
rebekah2011:Their transparency is good which is needed at this time.... transparency is needed to build investors confidence. I see the price of the stock stabilizing very soon. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by lancee(m): 10:33am On Feb 05, 2016 |
EDUECO: tried calling them ..not gettin thru 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by Born2berich: 10:35am On Feb 05, 2016 |
Intendy:People only see what their eyes want them to see. Most don't like to hear the blatant truth and use the truth to get their priorities in order rather they prefer the easiest way out, which is hopeville. If not for the strong market maker this stock for don park finish. There is an adage that says; "Fly were refuse to hear word go soon follow dead body enter grave." #Folds hands behind back and walks away 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by ufotty2001: 10:51am On Feb 05, 2016 |
Born2berich:born2berich make we hear something now!!!! at least we learn everyday!!! either by loss or by mere knowledge 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by ufotty2001: 10:55am On Feb 05, 2016 |
I just heard from a reliable source that.. PHCN disconnect NSE light and no money to buy diesel and fuel... abeg make we wait small.. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by Mfunkynation(m): 11:02am On Feb 05, 2016 |
ufotty2001:my AKS bros... easy on him oooo |
Re: Nigerian Stock Exchange Market Pick Alerts by megainvest: 11:03am On Feb 05, 2016 |
NSE is not down but Morgan is down. There is market data on NSE website and ft.com. |
Re: Nigerian Stock Exchange Market Pick Alerts by Mfunkynation(m): 11:04am On Feb 05, 2016 |
ufotty2001:be serious... they cant pay phcn bill |
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