₦airaland Forum

feelamong:
well, Diamond bank has more Deposits than Fidelity... and also have more FOREX gains than Fidelity

It didn't help their bottomline.

When you DIAMOND bank result, you will appreciate FIDELITY.

locodemy:
Ewoooo! instead of buying fidelity make i add more of collapsed elephant.

It seems you really don't know how to pick a stock.The price is low, their impairment charge is lower compare to FBNH and dividend is guaranteed.EPS is not bad compare to FCMB with lower EPS.Just that the stock is not a runner like FCMB and FBNH.

locodemy:
ok let it add only but 2 kobo.

Help yourself and buy now before it cross 90k.

[quote author=stokfrick post=50577669][/quote]Try to speak with them because my order is always instant.

locodemy:
Not bad but let the price remain at where it is for now.

fcmb.......haaaaaaaa!..........i hope you no go drop EPS too..........anyway i trust the result.

The price can't stay where it is for now, it must move because the result is not bad upon all the doom.

feelamong:
http://www.nse.com.ng/Financial_NewsDocs/15403_FIDELITY_BANK_-_Q3_SEPT_2016_FINANCIAL_STATEMENTS_OCTOBER_2016.pdf

EPS drops from 39k to 30k

Not bad considering all the current pessimism against the bank.

stokfrick:
Guys have u noticed that when you enter a limit/market order trade on lead trader, it takes up to not less than 10mins for your order to appear in the
Buy and sell order window on other fast real time platforms like the I trade platform. Meaning that leadtrader platform is not capable of real time instant execution on buy or sell orders.
And this is not good at all for a smart active trader cos it will always lead to loosing golden opportunities!

Lead trader is capable but if your money is small then thats bound to happen but you can complain.

zendi:
that's another matter.......maybe a political promise, just to calm nerves for now.
but no qualms, your stocks are with CSCS. it's only jijo that suffers.

Your cash balance may not be safe if there is a systemic problem because that excuse is funny.

feelamong:
FBNQuest
‏@FBNQuest

UBA trades at 60% below book value and has managed to keep asset quality under control - Bunmi #FBNQuest2016 #InvestorConference2016

The stupid stock is not moving up for some time now.

EPS 8.13

http://www.nse.com.ng/Financial_NewsDocs/15288_DANGOTE_CEMENT_PLC_Q3_SEPT_2016_FINANCIAL_STATEMENTS_OCTOBER_2016.pdf

fxuser:
d elephant & its NPL

Like a curse.

FBN result about to pull banking stocks down.NPL increase will continue to be a set back for the stock.

PRESS RELEASE

Lagos, Nigeria – 26 October 2016

FBN HOLDINGS PLC. REPORTS GROSS EARNINGS OF N417.3 BILLION FOR THE NINE MONTHS ENDED 30 SEPTEMBER 2016

FBN Holdings Plc. (“FBNH” or “FBN Holdings” or the “Group”) today announces its unaudited results for the nine months ended 30 September 2016.

Income Statement
Gross earnings of N417.3 billion, up 7.0% year-on-year (y-o-y) (Sept 2015: N390.0 billion)
Net-interest income of N202.9 billion, up 5.2% y-o-y (Sept 2015: N192.9 billion)
Non-interest income of N131.0 billion, up 56.5% y-o-y (Sept 2015: N83.7 billion)
Operating income of N333.9 billion, up 20.7% y-o-y (Sept 2015: N276.6 billion)
Impairment charge for credit losses of N114.7 billion (Sept 2015: N46.6 billion)
Operating expenses of N161.8 billion, down 5.1% y-o-y (Sept 2015: N170.4billion)
Profit before tax of N57.5 billion, down 3.5% y-o-y (Sept 2015: N59.6 billion)
Profit after tax N42.5 billion, down 15.3% y-o-y (Sept 2015: N50.2 billion)

Statement of Financial Position
Total assets of N5.1 trillion, up 21.6% year-to-date (y-t-d) (Dec 2015: N4.2 trillion)
Customer deposits of N3.3 trillion, up 10.9% y-t-d (Dec 2015: N2.97 trillion)
Customer loans and advances (net) of N2.2 trillion, up 21.6% y-t-d (Dec 2015: N1.8 trillion)

Key Ratio
Post-tax return on average equity of 9.4% (Sept 2015: 12.2%)
Post-tax return on average assets of 1.2% (Sept 2015: 1.5%)
Net-interest margin of 7.5% (Sept 2015: 7.7%)
Cost to income ratio of 48.4% (Sept 2015: 61.6%)
NPL ratio of 24.9% (Sept 2015: 4.8%)
54.3% liquidity ratio (FirstBank (Nigeria)) (Sept 2015: 49.7%, Dec 2015: 58.6%)
15.4% Basel 2 capital adequacy ratio (CAR) [excluding 9M 2016 profit] (FirstBank (Nigeria) (Sept 2015: 16.0%, Dec 2015: 17.1%)
28.9% Basel 2 CAR (FBN Merchant Bank) (Sept 2015: 18.7%, Dec 2015: 24.9%)

Notable Developments
Leadership appointments across the Group:
FBNHoldings Plc.
Cecilia Akintomide and Oluwande Muoyo were appointed Independent Non-Executive Directors, effective 19 July, 2016
FirstBank and its subsidiaries:
Patrick Iyamabo was appointed Chief Financial Officer, effective 15 August, 2016
Olusegun Alebiosu was appointed Chief Risk Officer, effective 5 September, 2016
FBN Merchant Bank Limited:
Akin Osinbajo and Babatunde Odunayo were appointed Non-Executive Directors, effective 19 July, 2016
FBN General Insurance Limited:
Titi Adebiyi, Yusufu Modibbo, Hernie Nel and Johan Schalkwyk were appointed Non-Executive Directors, effective 19 July, 2016
FBN Insurance Brokers Limited:
Folarin Alayande was appointed Non-Executive Director, effective 19 July, 2016

Commenting on the results, UK Eke, the Group Managing Director said:

“FBNHoldings’ performance has again demonstrated its underlying resilience despite the ongoing macroeconomic and business challenges with gross earnings and profit before tax closing at N417.3 billion and N57.5 billion respectively. This has been achieved through sustained revenue generation as well as increased cost efficiencies. Although the current currency weakness is a challenge for our remedial process, we are steadfastly progressing on improving the overall risk management culture, governance and technology as well as the degree of compliance across the Group”.

“The Group remains committed to ensuring sustained improvement in our performance with a view to restoring shareholder value”.

**Full press release and adjoining financial statements are attached**

FBNHoldings will host a question and answer teleconference call with analysts and investors on the unaudited nine months ended 30 September 2016 results today Wednesday 26 October 2016 at 3:00pm UK / 3:00pm Lagos / 10:00am New York / 4:00pm Johannesburg & Cape Town.

The teleconference call facility can be accessed by dialling:
+234 1 277 6330 (Nigeria); 0800 358 6377 (United Kingdom) or +44 20 7026 5967 (United Kingdom); +1 800 347 6311 or +1 719 325 4746 (United States); or 0800 998 654 or +27 11 844 6118 (South Africa).
And then entering the following confirmation code: 8826595#

Participants are advised to register for the call at least five minutes before the start of the call.

For those who are unable to listen to the live call, a recording will be posted on the Company’s website. Replay facilities are also available for a week after the call by dialling:
United Kingdom: 0808 101 1153 or +44 20 7660 0134; US: +1 719 457 0820 or +1 888 203 1112
Passcode: 8826595#

An investor presentation will be available ahead of the call today on the FBNHoldings website.
Click here to access the presentation.

For further information please contact:
Tolulope Oluwole (Ag. Head, Investor Relations)
+234 1 905 2720
Tolulope.o.oluwole@fbnholdings.com

stokfrick:
Pls what is their total buy and sell charges including NSE charges?

Brokers commission is 0.75%.

stokfrick:
But I asked their customercare and she said u can't cancel a buy or sell order instantly.
Pls confirm.

You can cancel immediately but sometimes it takes 2mins.But customer care is good also they always respond to your email.

stokfrick:
Sir pls, can one view the bid and ask prices and total bid and offer quantities on lead trader platform?

Yes.

lafencer:
I don't think so bro. I just executed a trade on lead capital.

I did too but the datas are not live.

All platforms aren't working since 30mins.

147k EPS

http://www.nse.com.ng/Financial_NewsDocs/15205_CAP_PLC_-_Q3_SEPT_2016_FINANCIAL_STATEMENTS_OCTOBER_2016.pdf

29.31k EPS.

http://www.nse.com.ng/Financial_NewsDocs/15204_UNITY_BANK_PLC_-_Q3_SEPT_2016_FINANCIAL_STATEMENTS_OCTOBER_2016.pdf

zendi:
do they have realtime itrade like morgan?
it seems there's serious problem with morgan customer care.

Ofcourse.

[quote author=lancee post=50389814][/quote]1.35%

Hope you all know that MERISTEM commission is now 1%.