http://www.proshareng.com/news/27925/Dead-Cat-Bounce-in-Nigerian-Oil-Market-Proshare

I pity those that are still investing in NSE at this point in time.

Diamond Bank H1 2015
http://www.nse.com.ng/Financial_NewsDocs/10325_DIAMOND_BANK_HALF-YEAR_JUNE_2015_FINANCIAL_STATEMENTS_JULY_2015.pdf

.

Breaking News: CBN KEEPS RATES ON HOLD...

myjoy08:
Breaking News: CBN KEEPS RATES ON HOLD...

http://www.stanlib.com/EconomicFocus/Pages/CentralBankofNigeria.aspx

From Proshare tweeter handle:

#MPC Maintains Status Quo
Retained MPR @13%
Maintained CRR @31% for both Public and Private Sector Funds
Retained Liquidity at ratio @30%

Born2berich:


From Proshare tweeter handle:

Naah so Sir. This is what i expected and some analyst too. I guess the news in the websites above is yet to be updated lol.

According to CBN Governor, "No need to devalue Naira, says Naira is 'appropriately priced'.."


I know Oga Peterichy will not be happy with these news....

It's only matter of time, the naira will be devalued. Trust me, that's what is best for this our import dependent economy.

myjoy08:


Naah so Sir. This is what i expected and some analyst too. I guess the news in the websites above is yet to be updated lol.

According to CBN Governor, "No need to devalue Naira, says Naira is 'appropriately priced'.."


I know Oga Peterichy will not be happy with these news....

NAIRA is already devaluing itself only a daily basis so Emeliefe can continue with his delusion.

CBN can only be taken serious when they are ready to defend NAIRA with the fOREX Reserve and not with their MOUTH.

[quote author=bigass post=33066459]I pray that next week be bearish. So I can become a cleaner on the floor of NSE and mop up anything tangible.
If wanna join me in the cleaning job say amen to a bearish week.[/if u pray it will be answered at any time

Fidelity bank result is good. We expect it to move up next week just like unity bank.

passwelle:
Diamond Bank H1 2015
http://www.nse.com.ng/Financial_NewsDocs/10325_DIAMOND_BANK_HALF-YEAR_JUNE_2015_FINANCIAL_STATEMENTS_JULY_2015.pdf

So Diamond bank rights issue was successfully completed with a 100% subscription rate and the bank still could not improve on its profitability yoy. Chai!!! Diamond shareholders, I hail una o. Una just sponsor governorship election come lose again. (Na joke o)

NB: Bank was lucky to raise capital before the market downturn. Offer price was N5.80k

Meanwhile, picked up my NPFMCRFBK dividend today.

#Consolation

Manonamission:
Meanwhile, picked up my NPFMCRFBK dividend today.

#Consolation

Na godwin.

Bloody Friday.

Manonamission:
Meanwhile, picked up my NPFMCRFBK dividend today.

#Consolation

Enjoy

pls house, i want 2 know how unity bank eps was calculated, after making PAT of 7.8b,, i taught dey now hav 11b shares outstanding, so how cums .0.12k eps

Manonamission:

So Diamond bank rights issue was successfully completed with a 100% subscription rate and the bank still could not improve on its profitability yoy. Chai!!! Diamond shareholders, I hail una o. Una just sponsor governorship election come lose again. (Na joke o)
NB: Bank was lucky to raise capital before the market downturn. Offer price was N5.80k

pPB contested several before he eventually become president of Nigeria

Manonamission:

So Diamond bank rights issue was successfully completed with a 100% subscription rate and the bank still could not improve on its profitability yoy. Chai!!! Diamond shareholders, I hail una o. Una just sponsor governorship election come lose again. (Na joke o)
NB: Bank was lucky to raise capital before the market downturn. Offer price was N5.80k

PMB contested several times before he eventually become president of Nigeria

Princkez:
pls house, i want 2 know how unity bank eps was calculated, after making PAT of 7.8b,, i taught dey now hav 11b shares outstanding, so how cums .0.12k eps

They already factor in the number of shares post capital raising

#Hihihihi

Agbalowomeri:


They already factor in the number of shares post capital raising

#Hihihihi

I don't understand how they can do that. What post capital raising do they mean?

The elephant is superbly attractive once again. This is a strong buy recommendation in the face of current economic realities. My chief reasons:

1. From historic data, probable dividend and or bonus yield at current price is about 12 to 15%.
2. Strong forex position. Even if the naira is devalued further, the bank is very likely to gain much more in exchange rate earnings than it will lose in stock price.
3. Positive top line growth quarter after quarter even in the face of general economic slowdown.
4. Share price close to historical low which indicates very good entry price and high upside potential of about 25% by March earning season.
5. Strong brand position in the banking sector.

ogbs2020love:

PMB contested several times before he eventually become president of Nigeria

Lol. I am more concerned about the utilization of the capital raised than I am about the outcome of the election. What went wrong? That Q2'15 result is woeful in every ramification for a bank that raised capital after Q2'14.

http://www.proshareng.com/news/27946/UBA-Lists-3298138756-Ordinary-Shares-Proshare

Uba lists right issue
A total of 3,298,138,756 Ordinary Shares of 50 Kobo at N3.50 per share belonging to United Bank for Africa Plc. were admitted to trade at the Exchange on July 24, 2015.

This arose as a result of the Rights Issue exercise concluded by the bank. By this action, the total outstanding shares of the company now stood at 36,279,526,322 units


UBA closed at 4.23 on Friday.
Are we expecting uba on 3.5 and 3 naira soon? Or will d mm play d game?

Manonamission:


Lol. I am more concerned about the utilization of the capital raised than I am about the outcome of the election. What went wrong? That Q2'15 result is woeful in every ramification for a bank that raised capital after Q2'14.

Their loan loss increased by 62% , maybe its election loans.
I am not comfortable the way diamond gives loan. Though its good fo their customers, but the quality of their loan is poor. I will definitely open account with them when I enter big time business, cos they don't mind giving you loan with the properties in your house. Now am really joking, but the quality of their collateral is always poor. The coverage/exposure to the loan is poor too. They don't mind giving u 4million with 5million naira worth of collateral. Why throw investors money away in the name of giving loan?

Pictorial view of the profits released during the week.
http://www.proshareng.com/news/27944/Corporate-Earnings-for-the-Week-Ending-July-24-2015-Proshare

NPF Microfinance Bank Sets To Raise N3b From Capital Market
Jul 25, 2015



 The NPF Microfinance Bank Plc on Thursday said it has concluded plans to raise additional N3 billion from the Nigerian capital market by way of rights issue and public offer.

Mr Usman Isa Baba, the Chairman of the bank, made the disclosure at the company’s 21st Annual General Meeting (AGM) in Lagos.

Baba said that the offer would open before the end of the fourth quarter of 2015.

Addressing shareholders, he said that proceeds from the offer would be deployed to shore up the capital base and ensure that the bank remained highly capitalised to transact more businesses.

Baba said that part of the funds would be used for branch expansion to major commercial cities in the country to boost operational profit.

He said that the bank would improve on the existing technology and payment system.

“Our strategic plan is on course and our resolve to deliver long term value to our shareholders remains unshaken.

“We have proposed that more shares be issued for subscription to the public before the end of the fourth quarter of 2015,” Baba said.

He called on both the existing and prospective shareholders to subscribe to the offer for enhanced returns.

The News Agency of Nigeria (NAN) reports that the bank’s shareholders had at their meeting approved a total dividend of N342.9 million which translated to 15k per share.

This is against 10k paid in the comparative period of 2013.

According to him, the bank’s total asset rose to N10 billion, an increase of 20 per cent when compared to N8.7 billion achieved in 2013.



The company in the year ended Dec. 31, 2014 posted gross earnings of N2.1 billion against N1.9 billion achieved in the corresponding period of 2013.

The company posted profit after tax of N477.8 million compared with N391.3 million in the comparative period of 2013. Baba attributed the growth to the bank’s ability to access loans from the Bank of Industry (BOI) and the Central Bank of Nigeria (CBN) at concessionary rates.

He said that this had enabled the bank to empower its numerous customers.

http://dailyindependentnig.com/2015/07/npf-microfinance-bank-sets-raise-n3b-capital-market/

Unity Bank CEO Resigns...


http://thenationonlineng.net/unity-bank-repositions-md-resigns/

Diamond Bank. ........


Do we expect grandpa bear or bull



I think this is a falling knife.