RabbiDoracle:


In 2016 when Fed started to raise rates and CBN also raised rates in response, all stocks in the banking sector rose. Using GTB as example, see the chart below.

Check the monthly charts of other banks as at that period and similar trends will be seen.

erwinschro:
The last time CBN was this hawkish was 2016. MPC meeting march 2016 they raised rates 100 bps from 11 to 12%. They raised them again 200bps in july 2016 from 12 to 14% which remained unchanged till 2019. Correlation is not causation, but I suggest you investigate what happened to FUGAZ from march 2016

You are there

**

Some stocks like Wapco and Transcorp that fell sharply yesterday now looking up

Stanbic landed safely and early too!

yMcy56:

Boss you're doing well sir.

Maybe the rate hike is the catalyst the banks needed....

Raising rates in an economy facing cost-push inflation (Nigeria) as opposed to demand pull inflation in the United States is NOT the right way to go. Lending will suffer (rates are already abnormally high for most borrowers to ven pay back while remaining 'going concerns.'

Ades1:
Stanbic landed safely and early too!

not good for the economy in general.

MYMINDER:


Raising rates in an economy facing cost-push inflation (Nigeria) as opposed to demand pull inflation in the United States is NOT the right way to go. Lending will suffer (rates are already abnormally high for most borrowers to ven pay back while remaining 'going concerns.'

FBNH
https://nairametrics.com/2022/05/26/fbn-holdings-plc-doubles-profit-year-on-year-to-n166-7-billion-for-the-full-year-ended-december-31-2021/

Camoready:
FBNH
https://nairametrics.com/2022/05/26/fbn-holdings-plc-doubles-profit-year-on-year-to-n166-7-billion-for-the-full-year-ended-december-31-2021/

The Board of Directors, pursuant to the powers vested in it by the provisions of Section 426 of the Companies and Allied Matters Act (CAMA) 2020, has recommended a dividend of 35 kobo per ordinary share of 50 kobo each, amounting to N12,563,352,477.00 (2020: N16,152,881,755.95). Withholding tax will be deducted at the time of payment.

Shareholders of MTN, Dangote Cement, Others Earn N1.1trn from Dividends in 5 Months
https://businesspost.ng/economy/shareholders-of-mtn-dangote-cement-others-earn-n1-1trn-from-dividends-in-5-months/

How Blockchain Technology Can Power Stock Market
https://businesspost.ng/economy/how-blockchain-technology-can-power-stock-market/

FBN Holdings Slashes FY21 Dividend Despite Rise in Earnings, Profit
https://businesspost.ng/economy/fbn-holdings-slashes-fy21-dividend-despite-rise-in-earnings-profit/

Flour Mills Expands Market Share With 400g Golden Penny Pasta
https://businesspost.ng/brands-products/flour-mills-expands-market-share-with-400g-golden-penny-pasta/

How Stanbic IBTC’s Activities Drive Job Creation
https://businesspost.ng/banking/how-stanbic-ibtcs-activities-drive-job-creation/

Dangote, GTCO, Channels TV, Others Among Most Admired Brands in Nigeria
https://businesspost.ng/general/dangote-gtco-channels-tv-others-among-most-admired-brands-in-nigeria/

Access Bank Deploys Strategies to Dominate Agency Banking
https://businesspost.ng/banking/access-bank-deploys-strategies-to-dominate-agency-banking/

Identity Management System Will Reduce Unclaimed Dividends—SEC
https://businesspost.ng/economy/identity-management-system-will-reduce-unclaimed-dividends-sec/

We’ll Sustain High Level of Corporate Governance—Seplat
https://businesspost.ng/economy/well-sustain-high-level-of-corporate-governance-seplat/

Nigeria’s GDP Grows by 3.11% in Q1, What Next?
https://businesspost.ng/economy/nigerias-gdp-grows-by-3-11-in-q1-what-next/

yMcy56:

Mega welcome.
Whatever, I'm sha happy that market stabilize.
Yesterday's dumping was somehow scary, must not continue like that. E no easy to dey lose money.

Besides, I think banking stocks aren't expensive. They didn't even partake in the recent bull, why will they still be shedding again? Not fair on people's investment nah.

Also, if interest rate goes up, wouldn't banks be a beneficiary?

You know sometimes this market comes up with the opposite of our expectations

Camoready:



The Board of Directors, pursuant to the powers vested in it by the provisions of Section 426 of the Companies and Allied Matters Act (CAMA) 2020, has recommended a dividend of 35 kobo per ordinary share of 50 kobo each, amounting to N12,563,352,477.00 (2020: N16,152,881,755.95). Withholding tax will be deducted at the time of payment.

At last, please when is payment date?

.

Bukkydudu:




At last, please when is payment date?

June 21

Ades1:


June 21

Source please

Camoready:


Source please

https://doclib.ngxgroup.com/Financial_NewsDocs/36076_FBN_HOLDINGS_PLC%20FBN_HOLDINGS_PLC_%20_CORPORATE_ACTION_A.pdf

Ades1:



https://doclib.ngxgroup.com/Financial_NewsDocs/36076_FBN_HOLDINGS_PLC%20FBN_HOLDINGS_PLC_%20_CORPORATE_ACTION_A.pdf

Thank you boss

FBNH Q1 2022 https://doclib.ngxgroup.com/Financial_NewsDocs/36079_FBN_HOLDINGS_PLC%20_QUARTER_1_%20_FINANCIAL_STATEMENT_FOR_.pdf EPS 89K

In bull markets, stocks don't go down on bad news. In bear markets, stocks don't go up on good news.

~Harold Ehrlich

RabbiDoracle:
In bull markets, stocks don't go down on bad news. In bear markets, stocks don't go up on good news.

~Harold Ehrlich

Smart money will exit this market with the post-election bull

Princkez:
FBNH Q1 2022 https://doclib.ngxgroup.com/Financial_NewsDocs/36079_FBN_HOLDINGS_PLC%20_QUARTER_1_%20_FINANCIAL_STATEMENT_FOR_.pdf EPS 89K

Over 100% improvement from last year. But I noticed that except for Adesola Adeduntan, all other directors sold all of their shares between December and March.

Mpeace:
Over 100% improvement from last year. But I noticed that except for Adesola Adeduntan, all other directors sold all of their shares between December and March.

I noticed nothing recorded against former FBNH directors as holdings at time of writing Q1. Doubt if they sold off everything. Perhaps they decided not to show their current holdings as they are no more directors. But then a foot note needs to be inserted to prevent ambiguity.

I noticed current directors don't have FBNH shares. That doesn't look good.

BabsO2:


I noticed nothing recorded against former FBNH directors as holdings at time of writing Q1. Doubt if they sold off everything. Perhaps they decided not to show their current holdings as they are no more directors. But then a foot note needs to be inserted to prevent ambiguity.

I noticed current directors don't have FBNH shares. That doesn't look good.

current directors holdings as at 2021 is seen on the extreme right. But nothing appears on the 2022 column.
But also notice that Tunde Hassan Odukaleholdings increased substantially as against zero holdings in 2021. It appears the battle for control of fbnh might still be on.

Mpeace:
current directors holdings as at 2021 is seen on the extreme right. But nothing appears on the 2022 column.
But also notice that Tunde Hassan Odukaleholdings increased substantially as against zero holdings in 2021. It appears the battle for control of fbnh might still be on.

Look at the current directors. All of them don't have shares. That doesn't look nice. They won't even mind lowering the dividends while increasing their emoluments. As it has no impact on them as they are not shareholders.

Ades1:


June 21

Thanks.

BabsO2:


Look at the current directors. All of them don't have shares. That doesn't look nice. They won't even mind lowering the dividends while increasing their emoluments. As it has no impact on them as they are not shareholders.

let's wait till full year 2022

megawealth01:
You know sometimes this market comes up with the opposite of our expectations

You're just talking.

Heishere:
FBNH result. 35kobo dividend

https://doclib.ngxgroup.com/Financial_NewsDocs/36072_FBN_HOLDINGS_PLC%20_AUDITED_FINANCIAL_STATEMENT_FOR_2021.pdf

Too poor. Let's see how the market will respond to it

FBNH Q1 2022
Impressive Q1......
Profit more than doubled......
https://doclib.ngxgroup.com/Financial_NewsDocs/36079_FBN_HOLDINGS_PLC%20_QUARTER_1_%20_FINANCIAL_STATEMENT_FOR_.pdf

FBNH CORPORATE ACTION
Final Dividend: 0.35k
Qualification Date: June 13, 2022
Payment Date: June 21, 2022
https://doclib.ngxgroup.com/Financial_NewsDocs/36076_FBN_HOLDINGS_PLC%20FBN_HOLDINGS_PLC_%20_CORPORATE_ACTION_A.pdf

AIRTEL
Officially moved up again.....
Now @1,717 .......Up with +N109!!

megawealth01:
Too poor. Let's see how the market will respond to it

On the contrary, market is responding positively.......
Investors also looking at the PAT not only the Dividend payout........if the reason for cutting the Dividend was genuine, then some might be aligning with the future of the bank instead......My opinion.
Q1 was also impressive.

Seems you've been away for long in NSE.

megawealth01:


Too poor. Let's see how the market will respond to it

you mean their q1 2022 is poor,please how?

yMcy56:
FBNH Q1 2022
Impressive Q1......
Profit more than doubled......
https://doclib.ngxgroup.com/Financial_NewsDocs/36079_FBN_HOLDINGS_PLC%20_QUARTER_1_%20_FINANCIAL_STATEMENT_FOR_.pdf

FBNH CORPORATE ACTION
Final Dividend: 0.35k
Qualification Date: June 13, 2022
Payment Date: June 21, 2022
https://doclib.ngxgroup.com/Financial_NewsDocs/36076_FBN_HOLDINGS_PLC%20FBN_HOLDINGS_PLC_%20_CORPORATE_ACTION_A.pdf

AIRTEL
Officially moved up again.....
Now @1,717 .......Up with +N109!!

The Banking License is making AIRTEL and MTN attractive to Investors.

If you can't get AIRTEL get MTN.