₦airaland Forum

euwajeh: I received a text telling me to login to their site for my exam pass .but when I put in my details it says my exam date is not yet due and the text reads my exam is on the 15th . What can I do?

choose you tel no for the login field and then put your tel no inthe value field. Good luck

Why is there no any amount of money indicated along side el rufai's name for which he is being charged like all the others?, a sign that he is just being victimized

Chartered Financial Analyst (CFA)

bombay:
18,500

That is the cost.

Is that one off cost??. What about subscription charges? is it monthly or annual?. What of installation charges? I think you should give the overall cost breakdown. This things de always get hidden costs which comes to fore only after one signs up.

@Aktopgun

Concrats bro . But i suggest you change your name on the interim to AKNOCTURNUS, because as windy suggested your night sleep would not rally for quite some time o

@ Fatherof2
WB

Temmie10:
heard the same

What about returned monies

Hope EFCC is watching this

Please is there any body in the house that has any experience with Meristem as a broker? I am about opening an account with them. Pls lets share.

The PO ended on the 5th of July i guess, and to date the shares are not allotted. Those who bought are the eagerly waiting for a piece of action. Serious dilution, by the time the shares are listed.

aktopgun:
yeah but really what will this do for the share price and really how much can it do

Well, we have to wait for the PO allotment. What FBN decides to do with the issue of the over subscription can make good or mar the price of the share. Very soon the cat must be let out of the bag.

aktopgun:
hey guys check out first bank's half year results, interesting no?

FIRST BANK OF NIGERIA PLC UNAUDITED HALF YEAR RESULT FOR THE PERIOD ENDED 30 SEPTEMBER 2007


2007 2006 CHANGE % CHANGE
N'b N'b N'b N'b

Gross earnings 65.646 40.422 25.224 62.40

pbt 19.042 13.174 5.868 44.54

taxation 3.999 -2.944 -1.055 -35.84

pbt 15.043 10.230 4.813 47.05


ANY TAKERS FOR THIS ?

The result is pointing towards a positive direction of achieving the Projected 2007 FY PAT of N18.373. If same level of earnings are maitained for the 2nd quarter of the year, FBN can return a FY PAT of over N30bn for the year 2007, on a pro rata basis, all things being equal.

pumping777:
There is no surprise here if you ask me.

First Bank is still within the earnings projection. It may be exceedrf but there is no indication of a major depature.

Moreover, with the PO subscribers lurking in the shadows, the result is really nothing to get excited about. Can't they emulate Zenith?

Dont you think a FY PAT 0f over N30Bn is possile, having in mind the strong fundamentals of FBN; wishful thinking though

No body has made any comment on FBN 2007 2Q report. N15bn PAT is very impressive considering the fact that they projected a FY PAT of N18.37bn for 2007. I think this is an indicator that FBN is going on the right direction.  

What about GT bank. Any news  

Can someone explain what is happening to the price of GT Bank both at NSE and LSE, it seems to be plunging down everyday s

walcolm:
ar u sure it will rally? don't forget the price was dropping like a stone in water :obefore it was suspended for the IPO

i hope it does rally sha cause i have exposures there

Yes it will rally like it did before. The price somersault pre PO was the residual effect of the share reconstruction. Watch closely.

NAHCO is off the hook today. The rally will begin

Is the closing date of fcmb offer likelygoing to be extended. If anybody has any info pls post.

@tmoni

The basis of Oceanic Bank share allotment is in today Punch Newspaper

@Jboo0

UBA allotted a total of 1,127,400,000 ordinary shares out of about 2.6b shares applied for. It also allotted 63,864,124 additional right issue shares. First Bank is yet to allot the shares applied for during their PO.

ACCESS BANK closed at N20.85 today . Is it heading N27 before december

The TS has been lifted on Access Bank. Its closing price today is 19.86

@Tmoni

My 5 pick for a 30 day fixed deposit investment, in order of priority, are

IBTC
GTB
Oceanic
Access
Zenith

@ dachoji

Japaul po opens on 24/9/07 and closes on 31/10/07 best luck

TO ALL THE HOUSE

Which of the PO is going to be the sweetest , is it FIDFELITY, AFRI BANK or STERLING BANK

Hi Atilla,
Can u accept GT Bank GDR allotment notice of up to 100k as evidence of share holding

@ATILLA

Approximately january even with the new directives of SEC and CBN that certificates should be issued 6 nweeks post public offers?

The House of Representatives Committee on Capital Market has asked the Securities and Exchange Commission to stop banks from accessing the capital market until some grey areas are sorted out.



Nigerian banks have raised more than N500bn from the capital market in the past one year as part of efforts to further boost their capital base.



This is coming less than two years after the Central Bank of Nigeria compelled all banks to increase their minimum capital base to N25bn from N2bn.



The House also questioned the rationale behind SEC’s decision to raise the minimum capital base of stockbroking firms to N1bn.



The Committee also expressed apprehension over the usual delay in completing allotments to subscribers in banks’ offers, after the deal had been sealed at the capital market.



However, SEC has taken steps to address this with a recent directive that allotments should be concluded within six weeks after an offer.



These reservations were expressed in a letter signed by the committee’s Chairman, Mr. Ahmed Wadada, to the Director General, SEC, dated September 10, 2007, but released on Sunday in Abuja.



The two-page letter also queried SEC’s approval of Transnational Corporation of Nigeria’s decision to float a bond, when it was still mired in debts. It demanded explanations from the SEC’s Director-General, Alhaji Musa Al-Faki.



The letter reads, “At issue here is the all-important matter of Transcorp’s capital structure. This is with particular regard to the corporation’s recent floating of bonds, while it is already a debt-ridden company.



“The floating of bond, must of course, have been approved by the Securities and Exchange Commission.



“It must be noted that in addition to our normal, routine statutory responsibilities, this honourable committee duly recognises that it has some added obligations and concerns with particularly special respect to TransCorp, considering that it is a conglomerate company that has been put together from national public assets.”



In view of these, the committee resolved that SEC should “halt and suspend for now, any action for the purpose of implementation and continuation of any directive and further approval as the case may be, in respect of re-capitalisation of stockbroking firms and the continuous approval for banks to access the capital market respectively.”



When contacted on the telephone on Sunday, a spokesman of SEC, Mr. Lanre Oloyi, denied knowledge of the letter from the House or the SEC’s approval of a bond issue for Transcorp. - Punch