₦airaland Forum

mercylicious:
Diamond bank just reduced their staff cost by laying off some staff. I heard its over 400 staff but it was mostly d big shots that were affected; regional managers, GMs etc. They were called on phone and advised to resign within 24hours.

My dear hispylicious sweetie, thank you for contributing to this and thanks for giving a raw fact from the field /boardroom. Happy Easter hispy sweerie, lols!

@all banking stocks, let dissect Diamond bank 2014 result and see how they fared in 2014.To me this is a poor result.

Start a logic analysis!!

2014 FY: Diamond Bank records 12.5% pre-tax profit decline
Diamond Bank Plc has reported 12.5 per cent pre-tax profit decline for the financial year (FY) ended December 31, 2014.According to the result issued by the bank, pre-tax profit recorded a drop of 12.5 per cent from N32.1 billion in 2013 to N28.1 billion the review period of 2014. Similarly, the lender disclosed the Return On Average Equity (ROAE) declined from 23.1 per cent in 2013 to 14.7 per cent in 2014. Return On Average Asset (ROAA) followed the same trend from 2.1 per cent in 2013 to 1.5 per cent achievedin the year ended December 31, 2014.However, gross earnings increased by 15 per cent from N181.2 billion for the year ended December 31, 2013 to N208.4 billion in 2014, driven by efficient growth in the volume of business represented by increase in loan book, and investment securities following the impressive growth in customer deposits.Consequently, the group achieved an improvement of 9.6 per cent in net operating income from N116.3 billion in 2013 to N127.4 billion for the year ended December 31, 2014.Also in the year under review, group loan to customers recorded a growth of 14.8 per cent from N689 billion as of December 31, 2013 to N791 billion at the end of the 2014 financial year.The group recorded a growth of 27.3 per cent in total assets from N1.52 trillion recorded in the year ended December 31, 2013 to N1.93 trillion for the year ended December 31, 2014.The growth was driven by a 23.8 per cent growth in deposit liabilities year-on-year, demonstrating the bank’s strong ability to generate cheap deposits from the retail and middle market segments. Deposit from customers grew from N1.21 billion in 2013 to N1.49 billion as at December 31, 2014.Speaking on the results, the Group Managing Director and Chief Executive Officer, Mr Uzoma Dozie, stated that, “We at Diamond Bank are pleased to announce continued success in implementing our strategy across the group, following another year of strong top line growth and an asset base that grew from N1.5 trillion to N1.9 trillion in 12 months.”

@myjoy08

yes......i liked ur selection.
UBA****for uba(corporate pilferer=input()
corporate pilferer =Boardroom mafians ) always hiding under a pretext to rub investors, cant u see jim ovia of zenith, they didnt steal from us like u idiot corporate thieving bank do.Their cooked result shows positivity the defunct oceanic bank style but.....well it paid a paltry.For first quarter result, we want to believed it may be positive. Maybe that can justify those fpi buying it now at a higher price now. I guess just mere sentiment can push this stock to #6/#6.50 b4 may 29.Sir myjoy08 over to you.

myjoy08:
Sir, choose 4 or 5 stocks u re interested in? Then we can both choose those ones according to market priorities sentiment. Have a bullish trading weeks ahead!

Thank you sir for obliging...
The five stocks which i am currently looking into because they still can give a better entry than those who have soared too high. sir,let look at eternal, fidson, skyebank, ubcap, transcorp. let the talking starts, Thanks sir.

myjoy08:
Sir, choose 4 or 5 stocks u re interested in? Then we can both choose those ones according to market priorities sentiment. Have a bullish trading weeks ahead!

Thank you sir for obliging...
The five stocks which i am currently looking into because they still can give a better entry than those who have soared too high and could be too dangerous to buy now . sir,let look at eternal, fidson, skyebank, ubcap, transcorp. let the talking starts, Thanks sir.

Toks2008:
The reason is clear and very natural.

I usually tell ladies that when they are about 8years and ready to start dating for whatever it is worth,they should try to date a guy that is at least 7years older. WHY?

Because when the girl gets to the age of 24/25,she will be ripe for marriage and most times the guy would have been psychologically and financially ready to marry her but when a lady of 18 starts dating her age mate or even a guy with just two years diference there is a possibility that the lady may get frustrated in future because of the need to wait for the guy to get his feet because by teh time the guy is 28,she may be so frustrated to settle down and since the guy may not be ready, she will be forced t seek another man and then frustration starts at her late twenties.

Another factor is the feeling a man has when he dates a lady he is quite older than..YES even as i am if i date a lady of 30years or 28,i get this good feeling that im dating a very young chic and naturally i will want to nurture and pamper her so in like manner i think these guys in their early twenties are catching up on the trend and they also want to date a lady of fairly wide gap but nevertheless i would advice these guys to go for friendship and not dating then probably wait for the girl to attain the age of 18.

MY HUMBLE OPINION

You have unanimously give the best answer and reason and also help to cleared the said controversy within the context of this sensitive topical discuss that is very paramount to our life especially we ( the singles ).

@angelo82
well i think you are a lady so as not to say sth like..... to same gender.I will say i love ur response and you.
well not only you alone did sight that piece appearing like a function call inside fbnh function ( motto/mantra) from fbnh but who knows who Though to be objective fbnh had had a good culture of rewarding stakeholders even in 2009 when there appears there was nothing to pay dividend for, they still paid sth like10kobo.Well fbnh is not so demented and pilfering like uba mgt is,but atleast the class of "THE BANKING BENCHMARKS" fbnh has often tried to be next to them, so let be hopeful based on fbnh pedigree or performance indices interms of rewarding their stakeholders that atleast 60kobo could be paid. Anything like 45kobo from fbnh will be too disappointing!!!!!!!!!!!!!!!!! while anything like 90kobo frm fbnh means fbnh will surely get to 12/13/14 naira.

chibuking and myjoy08 how were you sir,happy defining moments.please shrug off any criticism from orubebeosis carrier and remain calm and undisturbed in giving us an idea on what tomorrow holds based on trading minset or market sentiment for the following trading list stocks ubcap, transcorp,eternal,fidson, vitafoam, access,uba, fo, oando,gtb, zenith, fidelity, skyebank, fcmb, eti, wema, livestock, nem, custodian,afriprudential. Thank you and i will honoured if you can help us here, nobody is a monopoly of insights or knowledge.

Krisuba:
j

Was just lamenting d paltryness of d divident.or what do they call it kweli kwili abi na guru.dat thing aboki d sale dis dividend no reach buy am nah. One customer bank !!!

OK.But come on with me,can any distinguished gentleman or lady foresee fidelity bank paying 18kobo dividend when the likes of overhyped uba, stingy diamond and iranu sterling banks couldn't pay less than 10kobo and 6kobo respectively.Then how logically could it be established that a bank that couldn't paid more than 16kobo in 2013 despite some sort of boom and breathing space then, can now paid 18kobo for 2014,a severe year of unease for banking sector.That's to still affirm that the yearly performance of each banking brand name is beyond logicity. its akin to gambling! its quite difficult most times to correctly predict what the deliverables would be for investors especially jijo smart traders like us.I. wish to. learn at the feet of some veterans traders here.What bring about the good unexpected performance on gtb.zenith.fidelity and why the failure in terms of performance for banks like uba in particular despite good result declared either cooked or real. For diamond, i understand they don't have sth called "reward for their shareholders in their own encyclopedia" but still paying a demeaning 10kobo is too nefarious from them. And for sterling,inspite of all money raised which i have not seen meaningful objective the money had been used for, and yet could not afford to pay at worst 12/15kobo with 33kobo made in third quarter while i predicted that they could made between 39/42kobo for year end which came validated. But i was surprised to heard 6kobo being declared, out of a prudent expectation of 12 to 15kobo dividend. That shows Sterling is really demented!
So in that vein,i am afraid of buying fbnh now cos anything could be declared.Because till now,i couldn't just imagine that uba paid 10kobo dividend & sterling paid 6kobo. so people you berra be realistic about these gambling banking stocks.

@krisuba
i cant understand you please! please explain yourself better,thanks.

[quote author=Krisuba post=32387211][/quote]i cant understand you please!

OohMpa:
[color=#808000]There are only three types of girls: The slim, The curvy and The chubby

Your description is akin to fufu, amala, wheat, pounded yam, which clearly ain't a human being

So how can we dislike something that doesn't exist? [/color]

Well,for me,i so much love curvy hourglass type.

Krisuba:
Pls has sterling bank declared anythhing?

capital YES!
They pay an unfortunate silliest 6kobo dividend out of fyeps of 42kobo.The worst ever since atleast in the last 3years if i'm right. who knows what fbnh will pay this time.....perhaps a positively or negatively shocking peanut.

lancee:
;


Even 50k not bad

This banking stocks are unpredictable. While i was thinking big in uba,diamond and Sterling dividend declaration, i was like using all the gods in the world to curse them when the overhyped uba,stingy diamond and midget sterlingbank gave 10kobo and 6kobo respectively.But thank God, i stayed unpertumbed till sai buhari momentum made me recover and hit a jackpot. Hmmm,sai baba sweet o.I will be soon blown away with lots of jackpots by the time our finest leadership reign constitutionally assume office by may 29.
Our road to multimillionaire status..... bnsitl!!!

Agbalowomeri:
Na me dey do all of una Morgan customers

Really! Lols. But seriously you cant be punishing your dear son with others sir.

Goodmorning sir Yem0350,pls what is happening to Morgan itrade platform, there was a problem through out yesterday and still yet even till now nothing has been done about it. So, is there any help today!!!!!

Agbalowomeri:
Chai I thought u have repented

@all
apologies please!
i didnt mean to write slap, it was my keypad,so pls change it to CLAP. Thanks for ur understanding!!!

bigass:
Timberland Ft One Direction... Yes the Chorus




I love the song especially the chorus but I accept the apologies and Yes i offer my unreserved apologies.

You are so welcome baby!!
I stand up to give you a thunderous clap!! sweet dreams baby, apology accepted!!

Dragonking:
Asss power!!! my guy don surrender by force.

@bigass come to daddy.

With all humility, i say this,it is not a matter of surrendering. It is,civility,respect for humanity,obeying the right etiquette for good human interpersonal relationship and it is doing according to what i believed.I have full power to control myself, i tamed my beast as we all know that all have a beast, i called myself back to normalcy.Gudnight swt drms!!

kotlass:
Oya, no vex. For the sake of the smiles that your posts bring.

Oh i salute you kotlas, i remove my cap to honour you.
@bigass
learn how to keep mute on some personal expressions of some people and respect everybody opinion even if you need to correct, do not sound rude, authoritarian or unguarded with the use of words or else you may bringout the beast in someone. Bigass i love you and i never mean it to talk ill or give you glancing blows.I love you, i love you in ur entirety, God made you perfect, accept my unreserved apology and you also owned me an unreserved apology.Goodnight, sweet dreams devoid of nightmares.

bigass:
chop knuckles. Its recalcitrant not recitrant

oh you were celebrating a typographical error from my keypad. Hmmm shake your useless needless ass for that, i officially delegate parsing job for u on this thread. Funny unguarded useless ass dancing shoki.

Primetech:
Any hope for iTrade 2mrw?

please with all humility, yemo350 et.al. answer this question thank you and jah bless.

bigass:
Take 5

you are officially a recitrant motherfucker,Bleep you and Bleep ur useless needless ass once again. lastly take 5 in four places.Stubborn prong- mouthed little girl, hilarious, lols.

kotlass,kotlass, kotlass!
for the fact that i once said i made 5% gain, does that mean i often make 5% gain on all trades, well that ur own bottle of origin. But let us be not jocular when situation doesn't demand it.

@biguselessass
kiss your needless ass for saying that !!!!
i don't care you can keep saying hell till you see one,God will help ur tantrum ministry.

lancee:
Meristem is working sir

please can you and all meristem clients break down how meristem buy and sell charges are pls. itrade has made me so irate this afternoon, errant nonsense!!!!!

carpenter:
I also have problems with Morgan Capital and I have gone ahead to close my account, at least that is what i asked then to do.

I do not think what they did was illegal in my own case but I personally find is unethical. Note the word personally....

My Case:
I opened the account in November and was told I would be charged a yearly fee of 2.5k naira, perfect...I intend to pay for services rendered. I transferred 252.5k to them. I did this so I would have 250k to play with. When the account was opened, my surname was spelt wrongly and I complained immediately. I was told to write a letter through them to CSCS which I did, scanned and sent to them. After several emails asking for an update, I was told they need the original letter that CSCS will not take a scanned copy...again I can understand. Early February this year I went to their office to drop the letter (I was out of the country and sending thorough a courier wasn't just an option for me). Fast forward to this month, nothing had happened...no confirmation that letter was received no updates on what was going on...but my money was still with them.

So on the 11th of this month I asked for an update and asked Morgan to transfer the 250k to my account, afterall I don try since November and I need the money to run some errands ASAP. On the 14th I sent a reminder and received a message that they would do it on the next working day. After a week of no action, I sent a third message then I received the shock.

"Dear Mr xxxx (Mispelt Surname),
We sincerely apologise for the delay in responding to your mail.
However the balance in your account is 247,500 and the instant transfer charge is N1,000.
Please re-advise.
Thank you."

I replied the email asking for clarification, called them and spoke for minutes to no avail. To cut the long story short, they charged me another fee in January this year and told me their clients pay 1k for instant transfer...so I wonder what is instant about the payment that was requested 2 weeks ago.

The apologised for incoviniences and all the bullshot you hear from busineses that think an apology solves all but will still take your money. I needed the money and just did not have the time and energy so I told them to do whatever they want and give me my balance then close the account.

They have sent me my money through GTBank which I believe will not charge then since my account is also GTBank but then I already knew I wasn't going to do business with then again after they told me about the charge on my account.

That is how I lost 2.38% of my money and all i gained was some silly apologies.

So I leave this with you to judge.

End is coming to this house, if they are silly to the extent that their customercare desk arent trained to give a good service while maintaining their ethics.The success of any business is treating customers like kings, that's why investmentone customercare is rated A, because investment one has a wonderful customer relation, the only negative side of investment one is charge,its too high!

myjoy08:
Meristem is working!

Then morgan often hide under nse to cover-up it failure.Time to port to the best quality and service platform.

Aks:
-- Yeye Result

42kobo Fyeps but too stingy to pay a useless babiala dividend, the most stupid eps,gready mgt.

Primetech:
Is it possible that NSE decided to pull the plug on M.C as a result of too much JIJO a.k.a Monkey Hunting? So sad seeing serious opportunities and I can't enter.

you can imagine, having loads of cash and seeing lots of opportunities but unfortunate scenario disallow me from taking up those opportunities. Please meristem clients,are you also experiencing this hydra-head on ur platform.

presiade:
Exactly, I just called them, and I was told the problem is from NSE and it's being resolved.

This problem has not been resolved from what i could see just a minute ago.please has anyone can affirm that it's indeed working now.

bigass:
From the bolded, you passed a judgement on Morgan without facts and prove.
Thats why they say Nigeria is a nation of complainers and whiners. Simple call to Morgan to query why Itrade is not working is better than coming here to complain. The problem is from NSE.

please dont quote me like that again,why cant you read or perhaps overlook and move on.Hold ur line of thought to yourself,i only said it the way i was pained, it could be rational and logical or the otherwise.

Goodmorning great bnsitl, please i currently have a problem with entering a trade on itrade platform, I am so disappointed with Morgan for being unable to access the trade symbol column,its appears it has been disabled. please can anybody please help me out.