BabsO2:


Please do you know what is this Investment securities FVOCI that eroded last year non interest income of these banks noted above.

DrAwo:


You are asking a core accounting/ financial reporting question...

Difficult to explain here (I'm still learning it myself) but I suggest you Google and read about IFRS 9.it has all the answers you seek...

BabsO2:


Please do you know what is this Investment securities FVOCI that eroded last year non interest income of these banks noted above.

ositadima1:


I think those lines are OCI, Other Comprehensive Income. Probably a negative change of the fair value of d debt instruments they invested in. As long as they are holding, no problem.

Below is a description of OCI:

"Other comprehensive income is those revenues, expenses, gains, and losses under both Generally Accepted Accounting Principles and International Financial Reporting Standards that are excluded from net income on the income statement. This means that they are instead listed after net income on the income statement.

Revenues, expenses, gains and losses appear in other comprehensive income when they have not yet been realized. Something has been realized when the underlying transaction has been completed, such as when an investment is sold. Thus, if your company has invested in bonds, and the value of those bonds changes, you recognize the difference as a gain or loss in other comprehensive income. Once you sell the bonds, you have then realized the gain or loss associated with the bonds, and can then shift the gain or loss out of other comprehensive income and into a line item higher in the income statement, so that it is a part of net income"

Copied from a random Google search...

ositadima1:
The line-up with regards to upside potential, I am about 65% sure :

1. Fidelity
2. FBNH
3. ZENITHBANK
4. FCMB
5. GTCO
6. UBA

After arranging the stocks using the 4 reasons in the previous post it surprisingly matched their PE ratios - Fidelity with d least and UBA the largest!

dharpzee:
What a result of UCAP, very lovely.
https://doclib.ngxgroup.com/Financial_NewsDocs/36369_UNITED_CAPITAL_PLC%20_QUARTER_2_%20_FINANCIAL_STATEMENT_FO.pdf

sterlingD:
Abeg since Axamansard did their AGM on 14th July 2022 has anyone received dividend?

Coolcash1:
Ucap is bae!

emmanuelewumi:



If you know, you know. With a 24 months waiting period, United Capital is a N25 to N30 stock

ositadima1:
I would choose FCMB over UBA for a few reasons.

YourhealthNG2:

Please what platform do you think is best for saving money possibly monthly to fund children higher education in future. Thanks

yMcy56:

UBA can't be compared to FCMB in this instance.....
Those highlighted reasons were not all inclusive......
UBA appears to be the best in this season........in my layman's understanding.

GTCO: Once the dumper is done (and is appearing so), the rise will likely be faster........started on a slow and steady move already.......all things being equal.

Even at N21.35 yesterday's closing price, GT's Dividend yield is still 14.32%
Followed by Zenith N22 @13.96%
Followed by UBA N7.45 @13.51%
Followed by MANSARD N2 @12.69%
Followed by UCAP N12.85 @11.86%
..........to mention the first 5 as at yesterday's share price.

**NB. Could see that Oga OGG also made some analysis on your comparisons. E be like say I dey on track too. Lol. **

ositadima1:
Since 2020 till now, FCMB stocks has outperformed UBA, why is that? Almost 3 good years, is this period not long enough for investors to see value and act accordingly or is there an underlying problem that you are not seeing? Or, even still, has the problem(assuming UBA had one) now been resolved?

Regarding the Oga u quoted, nobody knows it all. I also predicted that FCMB will move up (it is here on this thread) when it was around 1.5 back in 2020 and it came to pass. When I started dabbling with charts, probably a lucky break.

sterlingD:
Abeg since Axamansard did their AGM on 14th July 2022 has anyone received dividend?

yMcy56:

Outperform UBA in terms of what and what?
Capital appreciation? Financials?

yMcy56:

One thing I know is that Mr. Market do happens to all stocks. Sometimes we wonder why some situations are like that. Even the UBA wasn't supposed to be battered like it is currently but it is what it is.

ositadima1:


I clearly mentioned stock price or did I not? While one is up 49% the other is 102%, why?



So, it was battered for no reason?

Someone famous once said that in the long term d stock market is similar to a voting machine.

emmanuelewumi:



Open an education endowment fund with any of fund managers

ositadima1:


Since 2020 till now, FCMB stocks has outperformed UBA, why is that? Almost 3 good years, is this period not long enough for investors to see value and act accordingly or is there an underlying problem that you are not seeing? Or, even still, has the problem(assuming UBA had one) now been resolved?

Regarding the Oga u quoted, nobody knows it all. I also predicted that FCMB will move up (it is here on this thread) when it was around 1.5 back in 2020 and it came to pass. When I started dabbling with charts, probably a lucky break.

emmanuelewumi:


Outperformed in terms of what? Is market share, earning growth, profit margin, profitability, dividend growth, return on invested capital.

siofra:
Is an investment promising 20% interest rate per year suspicious?

PETERiCHY:
A repeat of 2007/2008 vawulence is gradually playing out meanwhile some of us are patiently waiting for March 2023 before entering the field of play.

BARGAIN HUNTERS TAKE NOTE!

siofra:
Is an investment promising 20% interest rate per year suspicious?

emmanuelewumi:



It is not suspicious, but it is not guaranteed