Good evening house.
Pls with the analysis below. If FBNH succeeds in the sales of FBN INSURANCE at a good bargain. Do you foresee them rewarding their shareholders? Am learning and still a novice here. Pls no tongue lash

onegentleguy:
http://www.nse.com.ng/Financial_NewsDocs/29601_FBN_HOLDINGS_PLC_FINANCIAL_STATEMENTS_APRIL_2020.pdf

FBNH YE 2019 financial print.

Highlights;

• Improved indices accross several key revenue and earnings line.

• 38k dividend proposed(up 52% from prev yr)

• Planned divestiture. ...the group plans to divest from its 65% holding in FBN INSURANCE.
Sale shall be to the core investor, SANLAM pty ltd who already holds the balance of 35% stake in FBN INSURANCE.
I believe that this was the same group that recently bought over Continental Re from minority investors.
For emphasis, SANLAM Pty Ltd owns a majority stake in SAHAM FINANCES which owns CRe AFRICA(continental Re africa) that bought over Continental Re Nig.
...so FBNH is likely to get a good deal from the divestment.

Is FBNH a good buy @ current price?
...I'd answer in the affirmative.
However, I believe there are BETTER coys in the bourse right now !!

I shall review the report a bit more in due course.

Selah

what about those being discharged, are the numbers not supposed to be deducted?
Is as though someone is happy at the increase of this cases daily.
Anyway, we have prayed and still praying. It'sa matter of time.

fergie001:


https://twitter.com/NCDCgov/status/1245788324415049729?s=19



https://mobile.twitter.com/NCDCgov/status/1245788327728615424