mutu1:

FIRST BANK OF NIGERIA PLC
UNAUDITED NINE MONTHS RESULT ENDED DECEMBER 31, 2007
2007 2006 %CHANGE
GROSS EARNINGS N105.214b N63.722b 65.11
PROFIT BEFORE TAXATION N32.812b N19.259b 70.37
TAXATION (N6.890b) (N4.439b) 55.21
PROFIT AFTER TAXATION N25.922b N14.820b 74.91


ELEPHANT DON LAND BE THAT!!!

tonyjon:

@ Wanaj0,

Did you read the post I directed to you?. Please am waiting for the document/information.

Thanks.

Peace.

Don't have it with me here. Ask easimoni or Yodiyokun

iconbull:

wanajo, i have about N2 mill tied down in that PP since 2006, verify their listing date well well! before jumping in. we havnt got certs or dividends since that time. i plan visiting their ofc this week though.

mutu1:

FIRST BANK OF NIGERIA PLC
UNAUDITED NINE MONTHS RESULT ENDED DECEMBER 31, 2007
2007 2006 %CHANGE
GROSS EARNINGS N105.214b N63.722b 65.11
PROFIT BEFORE TAXATION N32.812b N19.259b 70.37
TAXATION (N6.890b) (N4.439b) 55.21
PROFIT AFTER TAXATION N25.922b N14.820b 74.91


ELEPHANT DON LAND BE THAT!!!

wanaj0:

Anyone on board of UNIC Hit the magical 5.00 today

wanaj0:

Me don dey shout say elephant wan enter market. This na small thing. The N250bn never start work yet. Wait for the next years financial result. FBN go set new record. But this result came fast!!! Na February we dey expect am. Result not that fantastic though. Zenith should make about that also in 9months.

Wanajo, Elephant don landooooo. Like you said though not fantastic, it tells us what the future holds!  Then if I project a PAT of N37.5bn for FBN this year, I will not be shooting too far! Because many things will add up by year end.  Anyway since FBN will declare only a 9-month result this year by Dec 2008, they might want to shift some goodies to make the 9-month result SWEET. Summarily, the future is great, all things being equal (I can hear many saying all things will be equal )

Well proper DUEL among FBN, Zenith, UBA and even Oceanic will take off January 2009.  Then we will know who is not who  But it will sure be tough.  Jim knows that hence these avalanche of POs etc.  Oceanic should not be under-rated too also with Intercontinental.  Then the cowboy go tell them say, HE IS ABOVE THE LAW!  him no mind pay fine later

Wanajo no de shout for nothingooooo.  He talked then about NGC, I no hear, na at N27 I come de rush am,

wanaj0:

Me don dey shout say elephant wan enter market. This na small thing. The N250bn never start work yet. Wait for the next years financial result. FBN go set new record. But this result came fast!!! Na February we dey expect am. Result not that fantastic though. Zenith should make about that also in 9months.

pumping777:

Over N10B PAT in the last quarter alone. Na new record be that already.

This na better African Elephant, the real king of the jungle _{No disrespect to Mr. Lion}

faketan:

@pumpping et al

I am considering procuring diamond bank and or Giunea insurance. What can you say about them?
I will apreciate your contribution. I am not short termer(medium to long term).
Any other suggestions will be welcome

Cheers

faketan:

@pumpping et al

I am considering procuring diamond bank and or Giunea insurance. What can you say about them?
I will apreciate your contribution. I am not short termer(medium to long term).
Any other suggestions will be welcome

Cheers

Surprises:

Pumping,  Oceanic too set a new RECORD of any Nigerian Bank recording N8.8bn in any first quarter of financial year.  NEW RECORDS ARE BEING SET!  The future truly holds great prospects for Nigerian banks as prophesied by Moneywise.  (Hope no pound would be foolish this time, sha )

pumping777:

Diamond is not in my radar. I know 9 months result is expected in March but I am worried that those that requested for ordinary shares from the last GDR offfer will have their shares credited by then. This may prevent any upswing and may even depress the price and provide a better entry point for medium or long term.

Guinea Insurance I know little about. The fundamentals are not great. Forward PE of around 74. This is quite high.

I am generally not looking in the direction of the insurance companies right now with the fear of TS all around.

Surprises:

Very soon prices of First Bank, Zenith Bank, UbA, Interconti and UBN will become very high for small networth investors like us.  For that reason I have been piling up stocks of 2nd Tier banks with good fundamentals.  If you ask me, I will chose Diamond bank any day any time. It is fundamentally strong, and price can still give you good volumes.   Another that I will be piling up is Oceanic and Bank PHB, soon all these will get to the 40 to 50 naira bracket.  Just my naive opinion, but I can tell you, those of us who have taken tutorials under the feet of WindyWendy, Wanajo, Fatherof20000, Pumping, easimoni, Roughcut etal, for the past one year on this Forum can also pass for a guru anywhere else

faketan:

Thank you so much. I already have some GTB but may be I should get more. Or do you suggest I jump into FBN.
Could you please suggest any other stock with good prospect medium long term please. I trust your expertise .

pumping777:

Medium or long term, I have my radar on CILeasing and AGLeventis. Wait for the profit takers to depress the price. It's already happening with CILeasing. I believe this stock will continue a gradual for consistent upward movement. Also keep an eye open for Japaul for reasonable price depression. There is more to be made from the stock this year.

ololufemi:

@ All,

Just received my[b] Dangote flour money[/b]. When them go list the chicken share wey them give us sef come give us our certificates.

MyPeace:

@bjluv

l bi amatur like you.  but helping the gurus, the answer is SKYE, it is even a buy at the market price now.

bjluv:

@all the gurus them, wanaj0, pumping777 e.t.c

Please abeg, Skye or FirstInland, which IPO would you recommend that I go for towards a medium-long term? thnx

bjluv:

thnx for the info---seems Skye will have to be it because FI bank is closing 2moro and I can not arrange funds and get CSCS number+account number ready by 2moro

Can the gurus shed more light to this? thnx

hispy99:

you do not need a CSCS account for IPO (You will be sent paper certificates  )

Skye looks better to me

Temmie10:

skye looks much better than FIB but if you are looking at 12 months or more, then you could as well go with FIB,
be careful with oversubscription tho
u cn stil get fib even 2 weeks after the closure, check with a reliable broker

bjluv:

CSCS was asked on the form and I was thinking it is better to have them all settled out since the beginning and not that I send the stuff to the CSCS account later or what do you tlhink?

You are better off using a CSCS account (that is if Skye/First Inalnd will actually credit your account and not still issue you a cerficicate even though you use a CSCS account)


I am still searching for one and May God almighty bring one my way. Would you recommend a reliable broker?