₦airaland Forum

lancee:
Noted

What do u think about fbnh sir

FBNH is good for long term.

Access bank with 101 Millions units traded!

Wednesday, 27 April 2016

Following yesterday’s FY 2015 and Q1 2016 results announcement, Tuesday, 26 April 2016, the FY 2015 and Q1 2016 results presentation is now available on the Investor Relations section of the FBNHoldings website (please click here to access the presentation).

The Company is also issuing a correction to the Q1 2016 results press release: the Capital Adequacy Ratio (CAR) for FBN Merchant Bank for March 2016 is 23.6% and not 16.6% as previously stated. Please find attached the updated press release.

As a reminder, FBNHoldings will host an interactive teleconference call with analysts and investors today Wednesday, 27 April 2016 at 3:00pm UK / 3:00pm Lagos / 10:00am New York / 4:00pm Johannesburg & Cape Town to discuss the results.

The teleconference call facility can be accessed by dialling:

0708 060 1884 (Nigeria);
0800 279 4977 (UK) or +44 20 3427 1914 (UK/Lagos);
+1 212 444 0412 or +1877 280 2342 (US);
0800 991 539 or +27 11 019 7076 (South Africa)

FBN HOLDINGS PLC. REPORTS PROFIT BEFORE TAX OF N22.1 BILLION FOR THE THREE MONTHS ENDED 31 MARCH 2016

FBN Holdings Plc. (“FBNH” or “FBN Holdings” or the “Group”) today announces its unaudited results for the three months ended 31 March 2016.

Income statement
Gross earnings of N107.5 billion, down 15.2% year-on-year (Mar 2015: N126.8 billion)
Net-interest income of N63.9 billion, up 7.2% year-on-year (Mar 2015: N59.6 billion)
Non-interest income of N21.89 billion, down 25.2% year-on-year (Mar 2015: N29.3 billion)
Operating income of N85.8 billion, down 3.4% year-on-year (Mar 2015: N88.8 billion)
Impairment charge for credit losses of N12.8 billion (Mar 2015: N4.1 billion)
Operating expenses of N50.96 billion, down 11.8% year-on-year (Mar 2015: N57.8 billion)
Profit before tax of N22.1 billion, down 18.2% year-on-year (Mar 2015: N26.9 billion)
Profit after tax: N20.7 billion, down 8.3% year-on-year (Mar 2015: N22.6 billion)

Statement of financial position
Total assets of N4.1 trillion, marginally lower by 0.6% year-to-date (Dec 2015: N4.2 trillion)
Customer deposits of N2.8 trillion, down 4.6% year-to-date (Dec 2015: N2.97 trillion)
Customer loans and advances (net) of N1.76 trillion, down 3.0% year-to-date (Dec 2015: N1.82 trillion)

Key Ratios
Post-tax return on average equity of 14.4% (Mar 2015: 17.0%)
Post-tax return on average assets of 2.0% (Mar 2015: 2.0%)
Net-interest margin of 8.1% (Mar 2015: 6.9%)
Cost to income ratio of 59.4% (Mar 2015: 65.1%)
NPL ratio of 21.5% (Mar 2015: 3.8%)
58.2% liquidity ratio (FirstBank (Nigeria)) (Mar 2015: 41.0%, Dec 2015: 58.6%)
17.2% Basel 2 CAR (FirstBank (Nigeria)) (Mar 2015: 15.5%, Dec 2015: 17.1%)
16.6% Basel 2 CAR (FBN Merchant Bank) (Dec 2015: 24.9%)

FBN HOLDINGS PLC. REPORTS 4.9% RISE IN GROSS EARNINGS TO N505.2 BILLION FOR THE FULL YEAR ENDED 31 DECEMBER 2015

FBN Holdings Plc. (“FBNH” or “FBNHoldings” or the “Group”) today announces its audited results for the full year ended 31 December 2015.

Income Statement
Gross earnings of N505.2 billion, up 4.9% year-on-year (Dec 2014: N481.8 billion)
Net interest income of N265.0 billion, up 8.7% year-on-year (Dec 2014: N243.9 billion)
Non-interest income of N99.4 billion, down 12.0% year-on-year (Dec 2014: N112.99 billion)
Operating income of N364.4 billion, up 2.3% year-on-year (Dec 2014: N356.2 billion)
Impairment charge for credit losses of N119.3 billion (Dec 2014: N25.9 billion)
Operating expenses of N223.6 billion, down 5.6% year-on-year (Dec 2014: N236.8 billion)
Profit before tax of N21.5 billion, down 77.1% year-on-year (Dec 2014: N94.1 billion)
Profit after tax of N15.1 billion, down 82.0% year-on-year (Dec 2014: N84.0 billion)

Statement of Financial Position
Total assets of N4.2 trillion, down 4.1% year-on-year (Dec 2014: N4.3 trillion)
Customer deposits of N2.97 trillion, down 2.6% year-on-year (Dec 2014: N3.1 trillion)
Customer loans and advances (net) of N1.8 trillion, down 16.6% year-on-year (Dec 2014: N2.2 trillion)

Key Ratios
Post-tax return on average equity of 2.7% (Dec 2014: 16.9%)
Post-tax return on average assets of 0.4% (Dec 2014: 2.0%)
Net interest margin of 8.1% (Dec 2014: 7.6%)
Cost to income ratio of 61.4% (Dec 2014: 66.5%)
NPL ratio of 18.1% (Dec 2014: 2.9%)
58.6% liquidity ratio (FirstBank (Nigeria)) (Dec 2014: 44.0%)
17.1% Basel 2 CAR (FirstBank (Nigeria)) (Dec 2014: 15.8%)
24.9% Basel 2 CAR (FBN Merchant Bank) (Dec 2014: 22.5%)

ural Gas
INDEX UNITS PRICE CHANGE %CHANGE CONTRACT TIME (EDT) 2 DAY
CL1:COM
WTI Crude Oil (Nymex)
USD/bbl. 42.61 +1.53 +3.72% May 2016 1:30 PM
CO1:COM
Brent Crude (ICE)
USD/bbl. 45.57 +1.54 +3.50% Jun 2016 1:32 PM
CP1:COM
Crude Oil (Tokyo)
JPY/kl 29,340.00 +2,080.00 +7.63% Sep 2016 1:30 PM
NG1:COM
Natural Gas (Nymex)
USD/MMBtu 2.08 0.00 -0.24% May 2016 1:32 PM
Refined Products
INDEX UNITS PRICE CHANGE %CHANGE CONTRACT TIME (EDT) 2 DAY
XB1:COM
RBOB Gasoline (Nymex)
USd/gal. 150.02 +2.03 +1.37% May 2016 1:30 PM
HO1:COM
Heating Oil (Nymex)
USd/gal. 132.05 +5.73 +4.54% May 2016 1:30 PM
QS1:COM
Gasoil (Nymex)
USD/MT 394.50 +16.00 +4.23% Jun 2016 1:31 PM
JX1:COM
Kerosene (Tokyo)
JPY/kl 39,400.00 +2,100.00 +5.63% Oct 2016 1:29 PM
Emissions
INDEX UNITS PRICE CHANGE %CHANGE CONTRACT TIME (EDT) 2 DAY
MO1:COM
ECX Emissions (ICE)
EUR/MT 5.55 -0.02 -0.36% Dec 2016 12:31 PM

Godisfaithful:
That means we should be expecting another interim in 2 months time . Still a very positive result despite all the noise lol

Sure.

Earnings per share is 1.96,good.

Godisfaithful:
Very sweet indeed. Thank God for Africa Prudential for UBA, AFRIPRUD, and UBCAP dividend. Awaiting Access and Fidelity on the otherhand. I say hello to Sir Peterichy's and Co

I am waiting for Access too but I didn't join Fidelity because of sluggishness of First Registrars.

Good one from UCAP.

See happiness because of one day bad news.

So no trading for today.

NSE is not working at all.

[quote author=NextProdigy post=44784523]I thought you said FBNH can never drop to N2.00k?[/quote

And I still maintain my stand.

The website is back and this is what I was talking about below:-

Company Previous Closing Price Opening Price High Low Close Change Trades Volume Value
TRANSCORP 1.01 - - - 1.01 2 30,100 29,506.00
TRANSEXPR 0.99 - - - 0.99 0 - -
TRIPPLEG 1.61 - - - 1.61 1 11 17.71
UAC-PROP 3.99 - - - 3.99 0 - -
UACN 18.43 - - - 18.43 1 1,000 18,900.00
UBA 3.24 3.3 3.4 3.3 3.4 0.16 7 1,058,002 3,582,206.80
UBN 4.56 - - - 4.56 0 - -
UCAP 1.5 - - - 1.5 0 - -
UHOMREIT 45.22 - - - 45.22 0 - -
UNHOMES 4.28 - - - 4.28 0 - -



http://www.nse.com.ng/market-data/trading-statistics/equities

lancee:
Hopefully result shdl be out b4 26th , we go know where we re goin either to buy @ 2 or buy @ 5

I don't think you can buy at 2 now,maybe in June/July.

lancee:
What i thot , i believe there will be a slight change couple of mths time

Lets see how May will be.

lancee:
Read that as well , that they re re-investing their dividends back to buy more ..What do u think abt that

Hopefully the deal shld bring out soemthing positive

Seems the market is about to experience some re-pricing.We need to leave this 3naira levels and higher. but from those data that I saw FBNH was bearish.

Godisfaithful:
Forget the error sir, it is the voice of Jacob but the hand of Essau

Now it opened again and they said they are undergoing data recovery but the whole market data has disappeared but I don't believe them,seems they might reprice all the assets upward by next week.

lancee:
Nse don already programe itself for monday be that

I have been trying to reload so that I can send the screenshot here but is not reloading anymore.I read an article that foreign investors has a lot of trapped funds in Nigeria which they can't move out and they have started investing it back into equities.I have posted the story here this morning,maybe Pa Bubu Chinese currency swap agreement has shaken up the cartel of foreign investors depressing the market and they want to enter through the back.

Chibuking81:
Interesting.

I was surprised,UBA was trading at 3.40,Access at 3.76,FO at over 300,Zenith at 11.77,FBNH at 3.21,index was up by 1.55%.Is it a dry run to what we should expect by next or what kind of error is that.It plainly shows is a continuation from yesterday trade.A pure bullish market.

Seems they figured it out as the site failed to open again.

Chibuking81:
wake up and sleep again.

Stop been stupid just try to check the website out and you will understand what am talking about.

NSE is open and data shows trading is on and most stocks are currently bullish now.Whats going on?

Mfunkynation:
wat d name of d product? does it covers all shares?

Its called ''Online Access'' and it covers all stocks under Afriprudential Registrars.

Mfunkynation:
pls more info abt it

Mail African Prudential Registrars and ask them about the product.You can do everything via email and once this is done you email them through the online access account number to receive your dividends.

Mfunkynation:
whic online account?

You can have online access to all your shares with Afriprudential Registrar by paying a mere token.