₦airaland Forum

A report by the Economic Intelligence Unit has ranked Tier-1 Bank, Guaranty Trust Bank (GTBank) among top 12 global companies to watch out for in developing markets.

The 23-page report released by the world leader in global business intelligence titled “Going global: 12 companies to watch in developing markets,” examined six industries which include automotive, consumer goods, energy, financial services, healthcare and telecommunications.


According to the report, in the 12 local companies making waves across developing markets, Nigeria’s GTBank made the headline with its digital banking services and the only financial institution from the continent.



In August 2018 GTBank started offering its banking services on WhatsApp, a social media app. The report noted that GTBank’s digital services have extended beyond banking to online payments for services such as applying for passports.

The report also noted that the bank will continue to play a crucial role in providing loans to energy companies, noting that the bank also gets considerable revenue from upstream oil operations in Nigeria.

“ALTHOUGH GTBANK IS PROFITABLE, IT IS EXPOSED TO THE RISKS POSED BY VOLATILE OIL PRICES AND THE WEAK NIGERIAN ECONOMY, WHICH HAS LED TO HIGH LEVELS OF BAD LOANS FOR NIGERIAN BANKS.

“IN THE SIX MONTHS ENDED JUNE 30TH 2018 GTBANK’S NET INTEREST INCOME FELL BY 2%, TO N161.9BN (US$4.5BN), OWING TO LOWER INTEREST INCOME ON LOANS AND ADVANCES AND A FALL IN YIELD FROM FIXED-INCOME SECURITIES.”

Other companies listed incude:

Russia’s Kamaz truck maker
Chinese automaker, JAC Motors
Mexican multinational bakery, Grupo Bimbo
UAE-based Majid Al-Futtaim
India’s crude oil firm, ONGC
Russian state-owned Rosatom
Malaysia’s CIMB
Indonesian healthcare firm, Kalbe Farma
Brazilian healthcare provider, Notre Dame Intermedica
Qatari company Ooredoo
Brazilian telecoms company, Algar Telecom
A review of GTBank’s recently released H1 2018 results shows positive performance across all financial indices, reaffirming the Bank’s position as one of the most profitable and well managed financial institutions in Nigeria.

Its Gross earnings for the period grew by 5.9% to ₦226.6 billion from ₦214.1 billion reported in June 2017. While Profit before tax stood at ₦109.6billion, representing a growth of 8.4% over ₦101.1 billion recorded in the corresponding period of June 2017. The Bank’s Loan Book dipped by 10.8% from ₦1.449 trillion recorded as at December 2017 to ₦1.293 trillion in June 2018, while customers’ deposit grew by 10.0% to ₦2.269 trillion from ₦2.062 trillion in December 2017.

The Economist Intelligence Unit (The EIU) is the research and analysis division of The Economist Group, the sister company to The Economist newspaper.


https://nairametrics.com/economic-intelligence-unit-ranks-gtbank/

Good morning.

We begin our pre-market coverage of the Nigerian Stock Exchange (NSE).

Pre market runs from 9.30 to 10am daily on the NSE.

During this period, investors can place orders, but no trade occurs.

Figures will take the format Bid(k) vs Offer(k).

Bid represents the amount of stocks people want to buy.

Offer the number of stocks, people wish to sell.

K represents thousands.

Net bid means there are no offers for a stock.

Net offer means there are no buyers for a stock as at pre market.

Bid vs Offer figures are subject to change all through the day.

Access Bank 200k bid vs 250k offered

Dangote Cement 243 units bid vs 1k offered

FBNH 2.3 million bid vs 50k offered

Seplat Petroleum 150 units bid vs 350 units offered

UBA 100 units bid vs 1.3 million units offered

Wapco 85k bid vs 7k offered

Zenith Bank 725 units bid vs 95k offered

Dangote Flour 10k bid vs 14k offered

Dangote Sugar 3k bid vs 10k offered

Guaranty Trust Bank 160 units bid vs 12 units offered

Guinness 1k bid vs 6k offered

International Breweries 4k net offer

Nigerian Breweries 805 units bid vs 950 units offered

PZ Cussons Nigeria 125k bid vs 7k offered

Unilever 2k bid vs 2k offered

This Nairametrics post is brought to you by I-Invest.
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Large Trades:

11.6 million Fidelity Bank shares valued at N19.3 million traded in 54 deals.

1.6 million Linkage Assurance shares valued at N1.1 million traded in 16 deals.


This Nairametrics post is brought to you by I-Invest.

Invest in treasury bills in 5 minutes by visiting http:///i-invest_ng Today

Download the app via your Playstore or Apple Store

Mcy56:
Are you also prof2007 ?

Nope

Large Trade:

2 million Cornerstone Insurance shares valued at N400,000 traded in one deal.


Visit Nairametrics.com for more news.

Good morning.

We begin our pre-market coverage of the Nigerian Stock Exchange (NSE).

Pre market runs from 9.30 to 10am daily on the NSE.

During this period, investors can place orders, but no trade occurs.

Figures will take the format Bid(k) vs Offer(k).

Bid represents the amount of stocks people want to buy.

Offer the number of stocks, people wish to sell.

K represents thousands.

Net bid means there are no offers for a stock.

Net offer means there are no buyers for a stock as at pre market.

Bid vs Offer figures are subject to change all through the day.

Access Bank 3k bid vs 13k offered

Dangote Cement 500 units bid vs 1600 units offered

FBNH 1.4 million bid vs 50k offered

Seplat 150 units bid vs 851 units offered

UBA Plc 379k bid vs 200k offered

Wapco 100 units bid vs 18k offered

Zenith Bank 2k bid vs 61k offered

Dangote Flour 68 units bid vs 13k offered

Dangote Sugar 5k bid vs 35k offered

Guaranty Trust Bank 2 units bid vs 1k offered

Guinness 1k bid vs 1k offered

International Breweries 5k net offer

Nigerian Breweries 7k bid vs 4k offered

PZ Cussons Nigeria 20k bid vs 1k offered

Unilever Nigeria 1k bid vs 1k offered

This Nairametrics post is brought to you by I-Invest. Invest in treasury bills in 5 minutes by

Visiting http:///i-invest_ng Today
Download the app via your Playstore or Apple Stor

Mpeace:
I think that makes it a good buy. For this reason:
"For retail investors, the situation could most likely lead to a mandatory tender offer (MTO). Under NSE rules, the tender offer would be at the highest price in the last six months before the MTO was announced. This would most likely be in the region of N0.55 per share."
Culled from the quoted site.

What is the likelihood they will go the MTO route?

BullBearMkt:
...the floor is for FA guys. I'm enjoying every bits of it! Kudos all

Good morning my Oga. In Peterichy's voice how are your made in China candles

Guys remember the discussion on First Aluminum not to long ago. This article will be of interest to those contemplating buying that stock.

https://nairametrics.com/first-aluminium-delisting/

Where do you get your TTM data from or do you project/estimate it?

onegentleguy:
Yes I did another check, I think its 0.61k on a TTM. ...check that 'ur bedsheet' again
Depends on weather that of FIDELITY is actually annualized.
I shall take out some time to run an in-dept review of their H1 result later today.

Thanks.

Are their money market instruments and mutual funds also open to non residents?

If yes can one invest through the brokers platform or one would need to open an account in another financial firm for that purpose?

Godlylifeoneart:
It is even more cheaper for South African id card holders. Also cheap to convert the rand to $ on their platform.
If you are able to register successfully, try n invest in ETF.
Brokers here are well regulated.
They always hold the ceo/mgx of errant companies responsible.
Like a company that collapsed in jan/Feb (Steinhof), the parliament summoned their executive for a life drilling.
I wish ayeni, dozier pascal etal could face our dishonorable reps/Sen for a similar public drilling
Then, there would be improvement in their nonchalant attitudes at investors

Good morning.

We begin our pre-market coverage of the Nigerian Stock Exchange (NSE).

Pre market runs from 9.30 to 10am daily on the NSE.

During this period, investors can place orders, but no trade occurs.

Figures will take the format Bid(k) vs Offer(k).

Bid represents the amount of stocks people want to buy.

Offer the number of stocks, people wish to sell.

K represents thousands.

Net bid means there are no offers for a stock.

Net offer means there are no buyers for a stock as at pre market.

Bid vs Offer figures are subject to change all through the day.

Access Bank 9k bid vs 13k offered

Dangote Cement 50k bid vs 1k offered

FBNH 2k bid vs 8k offered

Seplat 200 units bid vs 100 units offered

UBA 57k bid vs 200k offered

Wapco 195k bid vs 20k offered

Zenith Bank 10k bid vs 500k offered

Dangote Flour 20k bid vs 13k offered

Dangote Sugar 30k bid vs 4k offered

Guaranty Trust Bank 1k bid vs 1k offered

Guinness 1k net offer

International Breweries 1k bid vs 4k offered

Nigerian Breweries 7k bid vs 950 units offered

PZ Cussons Nigeria 500 units bid vs 13k offered

Unilever Nigeria 21k bid vs 2k offered

This Nairametrics post is brought to you by I-Invest
Visit http:///i-invest_ng Today.

Intbrew also sells the following products

Budweiser
Hero
Eagle beer
Castle Milk Stout
Castle light
1960 Rootz

Those of you who are from the east or live there know how popular Hero is there.

DOLLARTEX:
you are right,life is owned by nb.I was thinking since they fall within similar price rate,they are owned by intbrew.trophy alone cannot carry them far now.oooo

Respect Sir.

Nothing escaped your eye when it comes to FA. Hope I can build my skill sets to match yours in a few years.

wanaj0:
That's because of accounting abracadabra. They created a capital reduction account and set their negative retained earnings against it.

http://www.wemabank.com/wema-bank-gets-shareholder-approval-capital-reorganisation/

Godlylifeoneart:
Register with
Easyequities.co.za

They are the cheapest I. SA
They offer you access to US equity thru their platform

Thanks bro. Been actually looking for broker in SA that doesn't charge all those account maintenance fees, access fees, monthly fees, minimum transaction amount etc. Brokers over there are not smiling.

*Daily Market Summary September 25, 2018.*


The Nigerian Stock Exchange bounced back today as the All Share Index closed at 33,114.44 basis points, up 2.04%.

Year to date, the index is down 13.41%.


*Top Gainers*


*Gainers*

Law Union and Rock Insurance was the best performing stock on the Nigerian Stock Exchange today. The stock appreciated by 10% to close at N0.66.

Neimeth International Pharmaceuticals closed at N0.68.

First Aluminium closed at N0.40, up 8.11%.


*Losers*

Livestock Feeds was the worst performing stock on the NSE today. The stock closed at N0.52, down 8.77%.

Japaul Oil and Maritime Services closed at N0.22, down 8.33%.

Union Diagnostics and Clinical Services Plc closed at N0.35, down 7.89%


*Top Trades by volume*

Zenith Bank was the highest traded stock by volume as 43.2 million shares valued at N923 million were traded in 402 deals.

International Breweries was next with 36.9 million shares valued at N1.1 billion traded in 12 deals.

35.2 million UBA shares valued at N291 million traded in 307 deals.


This Nairametrics post is brought to you by I-Invest

Visit http:///i-invest_ng Today.

Aloaye:
how did you get this data?

Nairametrics sends it by WhatsApp broadcast every morning of a trading day. Just send a WhatsApp message to 08051040390 saying you want to be added to their broadcast message list

After missing in action yesterday @fxuser finally drops out from the skye (pun intended)

For the FA students and faithfuls you might be interested in this course: https://www.udemy.com/the-complete-investment-banking-course/

Course costs just $14 and it's all online.

Caveat I have not taken the course so I have no opinion or review of the quality of its content.


What Will I Learn?
Learn The Complete Financial Ratio Analysis System
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Learn How to Measure a Company's Liquidity
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Learn How to Perform Company Comparable Analysis
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Good morning.

We begin our pre-market coverage of the Nigerian Stock Exchange (NSE).

Pre market runs from 9.30 to 10am daily on the NSE.

During this period, investors can place orders, but no trade occurs.

Figures will take the format Bid(k) vs Offer(k).

Bid represents the amount of stocks people want to buy.

Offer the number of stocks, people wish to sell.

K represents thousands.

Net bid means there are no offers for a stock.

Net offer means there are no buyers for a stock as at pre market.

Bid vs Offer figures are subject to change all through the day.

Access Bank 1.4 million bid vs 80k offered

Dangote Cement 50k bid vs 200 units offered

FBNH 1 million bid vs 12k offered

Seplat 50 units vs 100 units offered

UBA 5k bid vs 10k offered

Wapco 2k bid vs 2k offered

Zenith Bank 125k bid vs 4k offered

Dangote Flour 10k bid vs 13k offered

Dangote Sugar 1k bid vs 4k offered

Guaranty Trust Bank 961k bid vs 1k offered

Guinness 675 units net offer

International Breweries 46 units bid vs 5k offered

Nigerian Breweries 7k bid vs 2k offered

PZ Cussons Nigeria 150k bid vs 10k offered

Unilever Nigeria 150k bid vs 2k off

This Nairametrics post is brought to you by I-Invest
Visit http:///i-invest_ng Today.

2019 polls: Foreign investors withdraw N435.41bn from stock market https://punchng.com/2019-polls-foreign-investors-withdraw-n435-41bn-from-stock-market/

Sorry not meant for this thread.

Infinitisi:
2019 polls: Foreign investors withdraw N435.41bn from stock market https://punchng.com/2019-polls-foreign-investors-withdraw-n435-41bn-from-stock-market/

2019 polls: Foreign investors withdraw N435.41bn from stock market https://punchng.com/2019-polls-foreign-investors-withdraw-n435-41bn-from-stock-market/

You can only deposit dollars in it as far as I know.

tritritri:
Please anyone operating domi acct..i need your input.

Am about to open one, but would like to know how easy it is withdrawing cash .

Can i transfer naira from my savings to the domi to be converted to dollar? or i have to safe in dollar too ?

Trying to preserve some dollar encase another political wahala cause naira value to drop.

any stress i should be aware of before i proceed ?

Thanks

Words of wisdom. This post is worth it's weight in gold. No wonder Agba likes you

Yayira:
Not willing to accept responsibility for one’s recklessness means one still got a long way to go.
The day I was buying my Skye I saw “Missing Regulatory Filling” (MRF).. It was not there for no reason, it was there to let me know something ain’t alright and whatever is missing is goddamn important and i needed to see it before making any moves on Skye.
MRF was a warning to me but I ignored it.

When I see a bad result and still went head and buy that company’s stock, na my fault not the regulator not NSE
When there’s no results and there’s a warning but still went ahead to buy, na my fault double portion.

If tomorrow diamond bank disappear with my money I go come dey blame regulators ? No..the only person I fit manage vex for small na dozie.

Please let’s let Skye Rest In Peace jeje and move on

Na fly wey no dey hear word dey follow dead body enter grave. Whether it is the regulators or the shareholders who are to blame for the Skye Bank fiasco it is your responsibility to monitor your investments/positions.

DO NOT IGNORE WARNING SIGNS!!!

Some stocks have been flashing warning signs as discussed severally here.

Sadly the NSE is not as proactive as it should be in regulating the stock market.

OBAGADAFFI:
I know say na JIJO things.

But the NSE should have warned and suspended trading on Skye bank before CBN hammer.

Good morning.


We begin our pre-market coverage of the Nigerian Stock Exchange (NSE).


Pre market runs from 9.30 to 10am daily on the NSE.


During this period, investors can place orders, but no trade occurs.


Figures will take the format Bid(k) vs Offer(k).


Bid represents the amount of stocks people want to buy.


Offer the number of stocks, people wish to sell.


K represents thousands.


Net bid means there are no offers for a stock.


Net offer means there are no buyers for a stock as at pre market.


Bid vs Offer figures are subject to change all through the day.


Access Bank 970k bid vs 80k offered


Dangote Cement 1k bid vs 200 units offered


FBN Holdings 30k bid vs 600 units offered


Seplat Petroleum 50 units net bid


UBA Plc 300 units bid vs 35k offered


Wapco 50k bid vs 2k offered


Zenith Bank 144k bid vs 10k offered


Dangote Flour 36k bid vs 13k offered


Dangote Sugar 1k bid vs 41k offered


Guaranty Trust Bank 10k bid vs 10k offered


International Breweries 1k bid vs 40k offered


Nigerian Breweries 6k bid vs 20k offered


Unilever Nigeria 21k bid vs 3k offered






This Nairametrics post is brought to you by I-Invest

Visit http:///i-invest_ng Today.

Upon all the warnings and caveat that you should do your own due diligence and not swallow every investment advice hook, line and sinker.

dipoolowoo:
Some people don call us privately say we 'pushed' them to buy, sell or hold stocks recommended in our articles. That's aside.

Angel Michael sef dey one corner dey wonder how he wan tey handle the matter.

The Skye Bank debacle should be a lesson to all of us (investors and traders) and I hope we do grab the learning points.

As an investor once the fundamental indicators which informed your decision to invest in a stock goes awry you need to re-evaluate your investment in the stock and take appropriate action.

For traders you can make money trading both healthy and dead/sickly stocks alike however trading in unhealthy companies comes with a higher level of risk because technical analysis only considers price action and volume without taking into consideration the underlying health of the company. Many do not factor in this higher risk factor because they are making money. This risk is even more amplified in our environment where the regulators don't take action till its to late.

Lessons learnt for me - aggressively monitor the environment and stocks you have positions in whether short or long term and do not IGNORE WARNING SIGNS AND RED FLAGS.

Red flags have regularly been posted on Diamond Bank, Oando and a few others. Do your due diligence and take appropriate action if those red flags are a cause of concern. The stock market will be here for a long time. There will always be new opportunities every now and then. Decisions should be made on analysis of facts and figures and not hope, sentiments or following the herd.

My prayer for us all is well propsper in the market.

onegentleguy:
YES there are[b] CLEAR RED FLAGS in DIAMOND BANK !![/b]

Lol even the Polaris Bank Limited is still undergoing CAC registration

To all those worried about the safety of depositors funds in the defunct Skye please read the press statement attached from the management of Polaris Bank.