₦airaland Forum

holm:
http://www.nse.com.ng/Financial_NewsDocs/20193_DIAMOND_BANK_PLC_FINANCIAL_STATEMENTS_OCTOBER_2017.pdf

Explain

Princkez:
believe me Dangote will cont. 2 have government protection.

No. Not when the competition is a local company like Flour mills, Honeywell mills etc . That said, I want to believe Dangote has learnt his lessons in the flour business that made him to sell off in the first instance.

Infinitisi:
Good afternoon,
MSCI retains Nigeria in the frontier index on improved FX liquidity - Late yesterday, Morgan Stanley Capital International (MSCI) announced that Nigeria stocks will remain part of its frontier index and are no longer under review for a possible demotion to a standalone status given improved FX liquidity in the Nigeria market. Unequivocally, the MSCI's decision to retain Nigeria in the Frontier index reflects the success and effectiveness of the IE window.
With the reassurance that investors can complete their transactions at a market determined exchange rate, we expect to see further influx of capital into the equities market. Currently, foreign portfolio managers tracking the MSCI Frontier Market index allocates weights varying from 3.98% to 4.99% compared to the 7.96% benchmark weight of the MSCI frontier index. This implies that these fund managers are still significantly underweight. Thus, we expect underweighted fund managers to rebalance their portfolios in favour of the Nigeria market. This will consequently improve sentiments and demand for Nigerian equities.

2zona:
Mr Brent crude already cruising on top 60+ dollars in the market.

Things are looking good for us, really. Major rival destinations for investors in Sub Sahara Africa are South Africa and Kenya. Unfortunately, SA is battling economic+political uncertainties while Kenya is cut up in Political upheavals. I read earlier that investors are leaving SA in droves. Nigeria looks poised to attract these foreign investors (but those people get shakara sha....dey form king kong upandan).

Cation:
please I need your help in the house,, my dad bought zenith bank shares some years ago through regency stock brokers but he doesn't receive dividends declared. what can be the problem and how can I know all the stocks currently under his cscs account. Thank you

It's most likely the address used was that of his broker. In the past, it was not uncommon to have investors who prefer to pick up warrants from their stockbrokers. That said, it's most definitely an address issue. He should approach Zenith Registrars to reclaim outstanding dividend warrants if it hasn't been tampered with.
You might not be able to confirm what his other stock holdings are except he authorizes you to act on his behalf. You don't have that privilege. A registrar that knows his job will only instruct you on steps to take. Children of nowadays have gone gangstar

Agbalowomeri:
Abeg who see my Mercy?

You're looking for Mercy? Ask God for Mercy.

Agbalowomeri:
Guy chill, you no be woman na. We rub minds here

Sexist!!

The overall market mood should never be disregarded. The market reaction could be neutral to a very good result during profit taking or bearish period whereas the reaction could be positive to an average result in a bullish period.

Mpeace:
Dont mind him. He thinks I hate dangflour. All I did was to say what I saw on the floor. I will not say again so they will not come after me, eventhough the stock is on full offer at the moment. With fake bids.

No one is coming for you. It's a free world. "There is freedom of speech BUT I can not guarantee freedom after speech".

http://nse.com.ng/Financial_NewsDocs/11%20Plc%20-%209%20Months%20Sept%202017.pdf

MOBIL

Mpeace:
Both diamond and dangflour on red. Hmm, my bet9ja and my case study stocks. Is the market punishing them for delay or have the men in black seen the result already?

You need to be unbiased to reach an objective conclusion for your case study. How does a stock trading above it's previous close price being punished? It opened with a Ref 5% higher than previous close nah. LOL

currentprice:
http://www.nse.com.ng/Financial_NewsDocs/20062_U_A_C_N_PLC_-_9_MONTH_SEPT_2017_FINANCIAL_STATEMENTS_OCTOBER_2017.pdf

Yet the stock price appreciated from about N15 to N19 this month. Market Maker, well done o.

Agbalowomeri:
My brother it is spiritual

Zenith has always paid more dividend than GTB except last year I think

On a more serious note I think it is the premium on corporate governance, not only the result
Don't you think Ovia has more grip on Zenith than the biggest share holder in GTB has on guaranty?

Those who make things happen on those fronts are mainly foreign investors and they don't joke with corporate governance. To them, no amount is too much premium to pay. Regarding corporate governance, I think stanbic is even now ahead of Zenith if not GTB. First bank and Union bank used to be no1 and 2 pre-2007 competing with dividends and bonus. Where are they today? Nigerian managers sending people back to their villages since Mongo Park

Okay, that explains the price differential even though c.60% is too much like kilode

Accountants or financial experts in the house please help with an explanation for the different impairment values in P/L and Note 28 biko (learning and investing at the same time )

I have always wondered why Zenith's price trails that of GTB by such a wide margin. It seems Zenith might be hiding a few things in their books. I don't mind if anyone can explain this to me. Just trying to understand these financial reports. Only N47B was booked in the P/L account. Compare P/L accounts of GTB and FBNH with Notes 6 & 7 for GTB and FBNH respectively.

bigjay01:
where are those postulating write backs? i no see am o

I follow talk am o but I no see am too. Impressive Incomes even after adjustment for impairment just disappeared as I dey look the result. I don't know what wiped those incomes o

Mpeace and Jamace abeg come help torchlight this matter

bigjay01:
Anyone remembe this my post from 23/12/15

How you dey take sleep for night seeing as your investment in this company don balloon reach this level?

Mpeace:
People will be surprised to see FBNH on full bid tomorrow. This is a nice result. indeed they are recovering.

bigjay01:
with what index did you measure this recovery? pointers? inefficiency (aka cost) are a drag (my opinion) . Compare their income statement side by side with GTB & Zenith then you'd see where I am coming from.

I do have a good bunch of this though

I must confess I'm pleasantly surprised to see FBNH result this early. That said, I opened FBNH and Zenith results side by side. I got excited for the first few items till I got to "impairment for credit losses". More work is needed. Impairment reduced but they can still do better.
However, I must commend the management for reining in "operating expenses". Zenith reported N107B while FBNH reported N98B. That's fair enough. But I think FBNH is yet to breakthrough. When it does, it will be massive.

I don't know how the market will react tomorrow. I hope it's positive as I'm loaded here.

Edit: Just realised my mistake. Operating expenses actually increased. I'm now confused sef with this result

yom2:
what is Ikeja hotels doing here? are they still listed? or they have changed from there old ways of hiding results? oga wanajo being an insider can give still more info.

They reported profit actually.

feelamong:
Dangote is not Ya mate!

Jump in EPS from 84kobo to 221kobo!

I expected it to go on FULL bid (as in not available on the floor sef). Abeg make somebody help check that result again.

Mpeace:
FBNH result will hit the mart. this week. They don't audit in q3. By the way, where is Ihedi. He should be giving us update on FBNH. I just hope he survived Oando news

I doubt this. Lets wait and see

holm:
http://www.nse.com.ng/Financial_NewsDocs/19999_FCMB_-_LATE_FILING_OF_Q3_ACCOUNTS_CORPORATE_ACTIONS_OCTOBER_2017.pdf

LAGOS, NIGERIA – 23 October 2017: FCMB Group Plc (Bloomberg: FCMB) hereby notifies the
Nigerian Stock Exchange (“NSE”) that it will not be able to file its nine months unaudited
results for the period ended 30 September 2017 on the due date of 30 October 2017.
This is due to the commencement of the interim audit of the company’s commercial banking
subsidiary, First City Monument Bank Limited for the period ended 30 September 2017.
The consolidated third quarter, 2017 results of FCMB Group Plc, will be released on The
Nigerian Stock Exchange on or before 29 November 2017.

Similar press release expected from FBNH and Stanbic. Financial holding companies have this problem. For example, Insurance subsidiaries must receive NAICOM approval before result can be consolidated to the Holdco's.
Conspiracy theorists should back off

This stock market though. Did Zenith release another supplementary result?

Overall market mood should never be ignored.

What surprise does UACN have for us?

Agbalowomeri:
Please alert me when Diamond reach 75kobo

We want to buy the carcass of diamond and fcmb

Why would you want to pay 75k for carcass? Patience is key bro, wait at 50k.

fxuser:
Oando Replies :
http://www.nse.com.ng/Financial_NewsDocs/19966_OANDO_PLC-REPONSE_TO_SEC_FINDINGS_CORPORATE_ACTIONS_OCTOBER_2017.pdf

#cowboys

https://www.proshareng.com/news/Stock---Analyst-Updates/Oando-Secures-Court-Injunction,-restrain/36915

I didn't see this coming, gaskiya! Gonna be a protracted battle

Mpeace:
They are just pumping Dangflour. For the sake of its faithfuls, my prayer is that they don't do a lafarge on them.

I no wetin DangFlour do you o.

currentprice:
http://www.nse.com.ng/Financial_NewsDocs/19934_NASCON_ALLIED_-_9_MONTHS_SEPT_2017_FINANCIAL_STATEMENTS_OCTOBER_2017.pdf

WOW!!!

Edit: EPS stated in result was actually annualised. 9M'17 EPS is N1.53

http://nse.com.ng/Financial_NewsDocs/19925_FCMB_GROUP_-_PROPOSED_ACQUISITION_CORPORATE_ACTIONS_OCTOBER_2017.pdf

"LAGOS, NIGERIA – 23 October 2017: FCMB Group Plc (Bloomberg: FCMB) hereby notifies the
Nigerian Stock Exchange (“NSE”) that FCMB Group Plc (“FCMB”) has entered into an agreement
with other shareholders of Legacy Pension Managers Limited (“Legacy”), for the acquisition of an
additional 60% stake in Legacy. The proposed acquisition will increase FCMB’s interest in Legacy to
88.2%, thus making Legacy a subsidiary of FCMB.
The proposed transaction is subject to the approvals of the Central Bank of Nigeria, the National
Pension Commission and the Securities and Exchange Commission.
We shall notify the NSE once the relevant approvals for the transaction are received."

fxuser:
in line with expectations !

#HOLD

Unfortunately, I don't even have any to hold. No position here and not willing to pursue.

pluto09:
There was a change of ownership with dangote flour and that alone was enough to send the price upward.
Dangote flour is also a small company compared to seplat and the sectors in which the two operate are not the same.

pluto09:
We have heard that kind of story before.
Me, I no dey buy hope again.

This what I responded to.

kolaish:
http://www.nse.com.ng/Financial_NewsDocs/19923_FIDELITY_BANK_-_9_MONTHS_SEPT_2017_FINANCIAL_STATEMENTS_OCTOBER_2017.pdf

EPS 67K

Grab your copy

pluto09:
I want to agree with you that the company made a big improvement in q3 compared to previous quarter.
Yes, it presents good capacity to deliver in the near time but comparing it to dangote flour is definitely out of place .

In terms of financial prospects? potential price appreciation? or what exactly?

I hope you realised from my initial post that my comparison is time based, that is, the state of company's books as at the time they returned to profitability. Hence this statement "Same thing some folks said when Dangflour reported their first quarterly profit". It's easier for Seplat to commence dividend payment to shareholders than it was for Dangote flour when it returned to profitability.

pluto09:
We have heard that kind of story before.
Me, I no dey buy hope again.

Same thing some folks said when Dangflour reported their first quarterly profit. Seplat's case is even better. It has a positive retained earnings of N83B and earned N6.8B in Q3'17 alone (eps of N12). Barring any disruptions to their operations and the finalization of deals in the pipeline, this company can easily post a eps of N50 by year end 2018.

Again, not a recommendation to BUY. Just analysing result reported.