₦airaland Forum

samzepaparazi:
What exactly do you mean. Please buttress

He is saying I should average down. The problem is, will he provide me with cash?

PharmAlfred:
So Diemond bank will be history in Nigerian Banking space? This is really not funny. How we get to ruin a thriving business real quick in this part of the world is simply amazing.
There is nothing like too big to fail anymore.

Too indebted to stand?

currentprice:
Despite the 28k EPS sterling fair price is above N2, and no rumor bad flying around for the bank like diamond

Truth!

Yayira:
You don’t know the power of village people.. all it took was a sit-down with one old man on 3 legs from his village..

Lol....
Our Yayira has put smile on my lips.
This post broke my night....

currentprice:
I am 99% sure u have no single diamond. U were just voicing for yariya & co. and those against ur posting bad news here.

U hav spoiled the show when u mention 1.10 entry price. How a whole prof will leave fcmb @ 1.30 something few week ago get liver to enter diamond that traded 65k few days ago at 1.10

You were discounting my CROWD mentality Abi?
Why are we buying Sterling @ N2.00 with EPS of 28K in the midst of better valuations?
We are attracted to the well calculated stringing flow of eye catching executions.

Yayira sold. I am 100% sure.
I will buy more if it gets to 65K to average down.

currentprice:
EKuu catching fun o

I thought we were friends...
For meeting me awake by this time is just like a frog running in the day time.
Just find soothing words for me, I can do with a manipulated chart, just anything to keep me away from deepsukic imaginations.

Mcy56:
It is well.
I believe yayira will be fine.

Me that is keeping late night, you care less?
Yayira sold. I believe so. I must have bought from her and BBM after their EGM.
I believe they invited my village People to join them in that meeting.

Mcy56:
I wish too, for the sake of those trapped in it.

https://trwstockbrokers./2018/12/16/why-access-bank-is-acquiring-diamond-bank/

Highlights:

Why this deal?

The impetus for this deal is not immediately clear however several analysts spoken to by Nairametrics suggest it could be either of two reasons:

Firstly, it appears this may have been triggered by unpaid loans between the Dozie family and Access Bank which is likely not performing. Any deal short of an acquisition may have thus negatively impacted on the loans thus the need for the takeover.
Another reason posited by analysts suggest this deal was an opportunity for Access Bank to be the largest bank in Nigeria by Asset Base. In terms of profitability and returns on equity, Access Bank is behind GT Bank and Zenith Bank.
Regulatory Oversight

Despite the impending announcement, regulators, CBN and SEC will still have to approve this transaction. This process could take weeks if not months assuming shareholders of both banks comply with regulatory requirements. Critics of this merger already point to potential procedural breaches.

Shareholders approval

More headwinds lie ahead for both banks as they still require shareholder approval to consummate the transaction. For this deal to be consummated, shareholders of both banks will have to approve it with the sponsors of the merger abstaining.

Sources suggest there might be push back on the Diamond Bank side of the deal as its majority shareholder Carlyle Investment may have felt shortchanged. Carlyle had offered to bail out the bank but this request was rejected by the Dozie family after they requested for the resignation of Uzoma Dozie the CEO of Diamond Bank.

Who even started this news?
I think they want to buy more tomorrow morning.

Mcy56:
Prof be careful o, you trapped in diamond ke!

I am still typing my address, even forgotten the street name and number.
It is well.
I will pull through.
How I wish this news is fake.

DeRuggedProf:
ACCESS had and still has interest in DIAMOND.
Take it from me.
The problem is that this deal MAY never happen because ACCESS has a wounded elbow (check their tasere dividends)
They are too sharkish.

See how I was wrong...
Hope this is enough proof that I bought?

tritritri:
Don't doubt pls. People can make decision within mins and ur already sending buy order.

@DeRuggedProf I dont believe you bought until you prove otherwise.

Mendes, come to my aid...
Why is no one believing me?
This is hate speech!
OK, prove I did not buy.

The trap that caught me was meant for Peterichy.
My village People are on this forum.

Mcy56:
Wait Prof, stop it if it's a joke.
How can you be trapped with all those warnings? Were you even in the bus at all

I better send you my home address to come and console me. I am presently using ice blocks to suppress my body temperature.
I am very very heavy here.
I took wrong advice and entered @N1.10.
I will sue this forum soon.

PETERiCHY:
My heart goes out to those that disobeyed the *ThE OcToPuS* including those that were busy flashing their paper profit and claiming they aren't Peterichy.

May God in his infinite mercies deliver you guys from
the hands of that SLAVE DRIVER called HERBERT WIGWE

*ThE OcToPuS*

If they printed it out, the paper profit will be intact!

OBAGADAFFI:
Two banks gone down this year.

Very bad sign.

It is better I stick to FA because TA can be very deceptive at this point.

Imagine how DB was throwing full bid last week, is now been flush down Access toilet.

Do TA on FA approved stocks, if you are NOT a TA guru. Both FXUSER/BBM profited here. They knew it will take some smart money to get out first, while getting dumb money in before the worst will ever happen and they ran into the smoke filled collapsing room, packaged some treasures and left through the window, they never bothered the door!

Never trust any market News, believe the market action.

BBM don chop clean mouth leave me.
How do I know?
He stated in one of his posts that HE IS SURPRISED DBANK traded above N1.09, that was the day that guy sold to me.
I am now wiser.
Why didn't he call for general selling?
He was not sure of my level of greed.
I will stay awake to google until morning to read a rebuttal to this HATE SPEECH against DBANK.

I am almost sure I am the only one trapped here.
Your condolences to me. I promise to inform you when Wigwe fix the burial date.

mendes911:
Stop bashing "our" stock joorrr. Someone told us few days back that Diamond is presently the best banking stock k, the best thing to happen after sliced bread. Conversion ratio might even be 1 : 1. Do you know all the hidden treasures in DBN?

Sorry, 1 unit of DBANK = 100 Units of Access. I forgot the sale of the juicy UK subsidiary will be like $500m.
As a national bank, the cash freed will be like $300m and their Eurobond will be forgiven as they no longer operate as an international bank.
Someone here said a very long time ago that PRATICALLY, Access bank is the owner of UZOMA and the PASCHAL family tree..
The Dozies will have to do Xmas in Wigwe's boys quarter this year.

Next time Wanaj0, Oracle, CP etc etc talk, I will follow such a company with AK47...
Loosing money in the market is almost a choice made with ALL EYES OPEN, BUT COMMON SENSE SUSPENDED...

Mpeace:
lol. If you followed that long text by the former Chairman of diamond bank BOD, you will see where he wrote on Uzoma wanting/scheming to do the negotiation with access bank.

I did. He wanted to prepare his coffin by himself, lest someone else line it's floor with pointed nails....

tritritri:
If this rumor is true...my sympathy to whoever is involve. It a pity that many people here bought into diemondbnk even after the said rumor.
if u were involve in skyebank and then diemond again my condolence to you. go and berg ur villiage people.
Pls let take advice on this forum serious.

They have since made over 56% gain. Only those who are yet to sell MIGHT have some tough time depending on the details of the deal. They may even be on advantage. Let's wait to see how it goes.

tritritri:
If this rumor is true...my sympathy to whoever is involve. It a pity that many people here bought into diemondbnk even after the said rumor.
if u were involve in skyebank and then diemond again my condolence to you. go and berg ur villiage people.
Pls let take advice on this forum serious.

Let's wait for denials tomorrow. It may be another rumour to buy the shares of the fastest growing retail bank in Africa and a very profitable bank, with great dividend history very cheaply.

Mpeace:
...and you also know Uzoma negotiated this deal on behalf of shareholders

I won't allow Uzoma to negotiate for the sale of even my dead dog...

fxuser:
FA PIPU

- news coming in on Monday
- dat diamond bank head office go change colour loll
- will shares be polarised [b]or converted at DeProf discount mode[/b]l lol

If na Access acquire ANY BANK (LOL... ) the conversion ratio go get 'raised to power' ..
1 unit of Access for like 3^10 units of DATBANK....
Access no dey give joy. Ask Intercontinental questions and you will know Wigwe does not smile during deals.

dipoolowoo:
Investors Should Plan for Market Volatility in 2019—Report
https://businesspost.ng/2018/12/13/investors-should-plan-for-market-volatility-in-2019-report/

[s]Diamond Bank Shareholders Panic Over New Revelation
https://businesspost.ng/2018/12/11/diamond-bank-shareholders-panic-over-new-revelation/

[/s]

Mcy56:
Dont you want another meeting to hold? Havent you done your own meeting?

She was back here same hour....
Why this one come different?

BullBearMkt:
...you're still extravagant at that price, better at 21.50. XYZ must be good at ABC

Are you an Ijebu man?

BBM, this 'your' sterling is criminally minded....

BullBearMkt:
...the mistake I made is to leave you 2 out of the meeting. Next time, I will send invitation letters to interested parties. I've learnt my lesson.

Accepted, but is she safe, when are we having her back/will there still be another meeting?

I love Zenith @ N23.
I prefer XYZ @ NFFA....

BBM, solve this puzzle......

Agbalowomeri:
So she don branch somewhere be that
Na you come be alibi

I suspect BBM released a body double and is keeping the authentic Yayira?

735i:
url]http://www.nse.com.ng/Financial_NewsDocs/24557_CAND_I_LEASING_-_PRESS_RELEASE_CORPORATE_ACTIONS_DECEMBER_2018.pdf[[/url]

C&I don mess...

This is why the price has suddenly found favour in lower digits.
NSE is where nothing changes, but dates...