₦airaland Forum

angelo82:
Enough of your pessimism.................Yes FBNH is exposed to non-performing loans and thats why they couldn't pay dividend because they are trying to clean up their balance sheet.................I am not happy with current trend too but the picture that you are painting is with prejudice............

C'mon mate.. I'm not being pessimistic..
I'm just trying to paint a true picture of what's going on in FBNH....
I don't stand to gain anything from being prejudiced against FBNH. But isn't it better if short term investors knew the true position of their investments and cut losses when they can?
I've seen people get burnt cos they didn't have sufficient insight... And that's why we're all here? To share info?
Apologies if I touched a nerve
Let's remember that investors work hard for their money...

feelamong:
KAI!! N46B LOAN LOSS PROVISION!!

When I raised red flags... People indirectly insult me...
Make una wait FY result.. Na dat one go make una shit soft...
Once the outgoing M.D commot... Una go get the true picture... FBNH is currently a ship in reverse gear

courage89:
You painted a picture as if the $400 million will be a sunk cost. The asset in contention is still a generating asset, will continue to be a generating asset. Worst case, they can decide to sell the asset and still recoup their investment when the price of oil stabilizes. I agree, the valuation used for loan origination has changed, hence reasons for junk speculative analysis on fbnh.

FBNH's Q3 is out... Check the % growth in impairment losses Y-O-Y and the impact it had on profit..
I really don't know what you mean by junk speculative analysis...

manie:
This news is stale, both banks made provision for this in 2014. Skye bank did not pay dividend in 2014 except a bonus of 1 for 20, FBN also managed to pay a dividend of 10k because they tried to clean their books.

LOL
Provisions in 2014?
Provisions of what %? 10%? or 100%?
Anyways... FY2015 result should be out in a few months time....
Time will tell...

9free:
That will be Citibank. Sell my FBNH? Depends on the nature of their Q3 result.

Pay more attention to rise in impairments when the Q3 results are released.
Atlantic Energy's boss was picked up a day after D.Allison was arrested in the U.K

FBNH and Skye presently have over $400 million loan exposure to Atlantic energy. The amount ($400M) is over 4% of total NPL in Nigeria.

So here you are.... you have the figures... Do the math.

kingreign:
Huh who said that?

I've inspected 2 units of the GS350 and neither has the Mark Levinson. Maybe the GS460 does but I don't want it.

Or could it be the trim level? Does GS350 come in base and luxury trims?

femicousim:
i rather you do the GS350, the german machine(passat) is clearly a lot more complex in terms of on-board electronics, a beauty to drive @ night with its red backlight, it evokes a feeling, STILL a GS350 is just ok especially in the area of maintenance (cost & competence)

I agree with you on maintaince... But the sound system is sooo base!!!
I wonder if I can do a personal upgrade to a premium sound system...
And that passat cc is something else on the highway... I just don't know what to compromise...

I've never been soo confused
2011 passat cc or 2010 GS350

Why doesn't the GS have a Mark Levinson sound system? Why? Why?

Pls what's the landing cost for a 2011 passat CC with navigation?

Given the recent VW emission scandal, how much will it cost to do a door step delivery for a 2011 Passat CC with navigation?

OP,
Do not let your wife or FIL take away your happiness...
No woman, and I repeat; No woman should have that power over you.

I still maintain that's this whole marriage thing is a scam!!! All these f*cking gold diggers who only want the good life but are not ready to make sacrifices...

Greedy, fortune hunting B*tches and their fathers!

75K CASH!!!!

Youngzedd:
https://www.nairaland.com/2588617/jpmorgan-investors-lose-n311bn-24

I really don't understand how people who JIJO can become emotional when trading. As Manonamission said earlier. You've got to be cold and detached, that way, you stay focused.
The news from JPM will have far reaching effects than many have bothered to analyse.
Subtly put;.... caution is the word at this time... There will be blood for some time...

davide470:
Lol. The negative energy is expected na. School fees and House rents are in the market, so...

From my view, the equities market in Nigeria is largely driven by Sentiments and Perception. Fundamentals is rarely being used by most traders viz a viz speculators.. I won't be surprised if the bourse looses tomorrow and some days more, then starts rallying because of low price and nothing more

What are your expectations jare?

My thoughts are in line with yours... Knee jerk reaction tomorrow and next maybe...we'll se what volumes and breadth says afterwards. But hold your cutlass sha... a killing might be in the offing...

myjoy08:
Personal ke? Well, let them bring it on. Their selfish interest in terms of devaluation will never be meant. They should go and check the record of Pa Buhari when it comes to devaluation of Nigeria currency. They better aligned with his presidency or ...

Make Pa Buhari no kill market sha... na that one concern me...

davide470:
Equities and Fixed Income has an inverse relationship. So, if the yield in the fixed income space falls as a result of this, shouldn't we be expecting Bull of all Bulls?

There will be outflows from the bond market, prices will drop, and yields will increase...so its kindda the reverse

For clarity sake "i shared the information so that we could all analyse what it potentially means for the equity market..." but there's so much negative energy around here!

myjoy08:
Sir, read the news and verify before posting. Thank you
http://dailytimes.com.ng/jpmorgan-may-eject-nigeria-from-key-bond-index-soon/
Quote:
“Nigeria’s status in the GBI-EM series will be finalized in the coming months but no later than year-end,” JPMorgan said.
Removal from the index would force funds tracking it to sell Nigerian bonds from their portfolios, potentially resulting in significant capital outflows. This in turn would raise borrowing costs for Africa’s largest economy, already suffering from a sharp drop revenue following a plunged in oil prices.
Nigeria’s forex and bond markets have come under pressure after the price of oil, Nigeria’s main export, plunged. In response, the central bank fixed the exchange rate in February after devaluing the naira last year and tightened trading rules to curb speculation. The naira has lost 8.5 percent this year.
“If we are unable to verify these factors, a review of Nigeria’s status within the benchmark for removal will be triggered,” it said in report, adding that the factors included a liquid currency market.
JPMorgan added Nigeria to the widely followed index in 2012, when liquidity was improving, making it only the second African country after South Africa to be included. It added Nigeria’s 2014, 2019, 2022 and 2024 bonds.
The bank said Nigeria continues to remain eligible for the GBI-EM index, which has around $210 billion in assets under management benchmarked to it, with a weight of 1.8 percent.
The central bank last week made a tiny adjustment to its exchange rate peg to the dollar, which one analyst said may indicate that it is beginning to think about how to loosen its currency regime.

The decision was made this afternoon.. It will probably be public by tomorrow..
Nigeria will be phased out over two month-end rebalancing periods begining september 30th and ending Oct 30th.
By Oct 30th, we'll be out of the index.

Who wants the bull run to end? no need to take it personal

Nigeria has been removed from the JP Morgan bond index...
Will this reign in the bull?

From laugh to Grin
From Grin to Smile...
From smile to grimmace...
From grimmace to straight face..
Then sad face...frowns...and finally;
Lol...the west has been scammed; Big time!!!

Whilst it might profit you to post stuff like this to promote your blog and ultimately; to fatten up your wallet.... Spare a thought for the families of those whom you write about.
This family of the deceased learnt about his demise through social media...despite all attempts by friends to keep it low and break the news to the family is a proper manner.
If you must blog...the least you can do is be professional about it.

wallmosh:
Thanks for your kindness. where precisely can we meet you?

Anywhere on Adeola Odeku. "The place" preferably….

pinkgems:
hi 735i,

I am currently preparing for the dec 2015 L1 exam, please cld you kindly send me the materials you have to me - smartpgirl2006@yahoo.com, I am currently way behind schedule. Thank you

Too heavy to send via e-mail. If you're on the island and have a laptop… you can get it from my external hard disk whenever you're ready.

zerray:
what sch did u choose

Kent.

ednut1:
get up to 3-4 years experience before going for your masters o, masters without experience is equal to a bsc holder in job market.there are thousands of pple out der wit UK masters and are still jobless. if you cannot combine it pls do not quit. pple i know dat quit are those with 5-10 years experience going for executive MBA, cos of the experience they easily get job after the program. be wise. as for me am nt going for any bloody masters anytime soon cos i dont see d so called advantage professional exams like CFA CISA and CFE (CIPM wont be bad for u)will do for now

You do not see the advantage in professional exams like CFA, CFE?
Issorai

735i:
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Quote for a 2008/2009 American Specs Hyundai Sonata (Full Options)

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Hello,

Please can i get a quote for a 2008/2009 American Specs Hyundai Sonata (Full options)

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Hello…
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Door step delivery cost to lagos please

Mekybliss:
Alright

Wetin dey alright?

See your nyarsh…. mtchew...

400billionman:
I like it.

By next year, N23m will be small money to me.

So this your moniker…. its in cedis abi?