₦airaland Forum

hbrednic:
RIP Jesus

cassimere:
The company is a joke. Those are eminent signs of bankruptcy. Young companies easily go under when they try to be over-ambitious.

Smh. Its loosing 8% this morning already. I regret buying into the crappy company when there were better options. I just want to break even and I'm out.

cornwall:
Try clicking on 'log in'

zendi:
Help, unable to access morgan.
Error "403 - Forbidden: Access is denied."
Pls is anybody experiencing the same?

myjoy08:
Sir, do you have e-dividend mandate with them? If yes, the dividend supposed to have been in your account. Check with your bank first before you call Access Bank registrar.

myjoy08:
Sir, naah small change oooo. And i wouldn't mind if there is other dividend to chop too

MoxyzFM:
Pls can any1 post both the bid and offer volume of skye bank plc thanks.

passwelle:
Sir, I am not sure we are discussing the same thing. The outstanding number of shares is what I commented on. The balance sheet has absolutely nought to do with the dilution of the outstanding shares of Skye if they eventually raise the 30bn needed through rights/issuance of new shares.

Manonamission:
SKYE bank saying YES to my dreams

Agbalowomeri:
Mercy love, how market? I don tell u make u no dey enter stock wey don gain 20% in a week. U no go hear

mercylicious:
I don enter Skye oooo.

Pure gambling on mpc news. Dem carry Lagos state funds
.

paulcube:
Hence why Skye is a lucky bank!

mercylicious:
Single treasury has been implemented for federal govt accounts. However, banks that hold state and lg accounts will have money to swim in.

myjoy08:
Sell it this week? Absolutely No! UBA still has many upsides potential likewise some other banks when anti-banks policy is being ease or remove along their way...And on the other hand, it depends on when u enter and whether u have achieved your target?

In the voice of my friend, Sir Agba: why sell within one month for 12% when u can make more than 80% in the next 5 months...(The term applies to the smart traders)!

sellydion:
Highlights of the MPC meeting:



§ The Monetary Policy Committee left the MPR unchanged at 13% with a corridor of +/-200bps.

§ Liquidity ratio was also maintained at 30%.

§ CRR on Public and Private sector was harmonised to 31% (CRR on Private sector was 20% while Public sector was 75%)


source: investment one

rebekah2011:
It is the bold that will make money in this market. Skye was 1.98 a few days ago and now 2.61 about 32% returns. Waoh

Processor01:
Skye will probably make me rich before Oando

Elai147:
What is happening to Skyebank at the moment is clearly the handwork of the market makers. I don't see any other way to describe it. The 1 for 20 bonus is utterly absurd considering the poor FY2014 report.

PETERiCHY:
Its all part of the manipulations. The more you look the less you see, Better stay away from banking stocks till after MPC next week.

spicytayomic:
SKYE on full bid.... What is happening

Excellent7:
This article/analysis made interesting reading.
http://www.proshareng.com/news/27053.html
How to buy a Nigerian bank without money

Aks: #Shaleoilrevolution, you are so so on point. http://www.thisdaylive.com/articles/as-us-shuts-its-door-on-nigeria-s-oil-exports/190455/

Mpeace: It would not make sense for WT to throw in rights issue before that day because at that price, he will not raise much money. He will push the price so much that any right issue would yeild enough fund(mind you the purpose of right issues are for fund/capital raising) I suspect WT will release the Q3 result reflecting gains from COP, immediately after the qualification date so as to sustain a rise in the share price, prior to the rights issue. Note that the released result does not contain any gain from COP.

paulcube: 1. I actually read Mercy's take on IEI..... and the advice I gave was it was best to get a contact in CBN to give a true state of affairs. Someone in CBN can easily unmask everything that seems masked. It won't be an official finding though.

2. For the COP deal, due to the various financial engineering involved in the acquisition, I will not doubt it is 50% debt and 50% equity. Nobody can! All I can say is that we know the guys that provided the debt component to the transaction, and the full facts will come out when their audited 2014 results are released or when they come to the market for rights issue. We won't find anything tangible in the audited 2013 result.

3. I agree with you and I am aware that price is not the only component used, but in this instance, I can tell you that Fidelity bid less than Heritage bank.

ihedioramma: IS it most to come to the market?

Aks: @Omaojo1 - you no too well that it's coined in an official language But i've de-mystified the reason behind it. This is a right issue that has not been approved by shareholders and the last thing to do is coming first via suspension. You'll see more of these infractions when AIG finally assumed office as NSE president

omaojo1: Did you read where Mercy is taking a position in IEI Plc because of this acquisition. Oh, you mean Yahoo shareholders should not bother about what is happening in Alibaba because it is a privately held company right?

Who are the financiers of the COP deal? WT said its 50% debt, and 50% equity. Please tell me your own version.

Plus, Fidelity is not the reserved bidder because their bid price is less. The overall interest of the industry was considered to reach that decision and not necessarily cash.

omaojo1: We need to know those bringing in the cash. We don't want some unknown guys to provide the funds and leave the unsuspecting investors wailing. A case in point is the recent acquisition of COP that the financiers are still not known to the average investor.

Don't tell me you are a believer in that 50% debt 50% equity theory being sold to the ignorant folks on the street.

omaojo1: Madam, first of all, if there was an immediate kill to be made, IEI shares would have flown north with all guns blazing.

An SPV is the owner of Heritage bank and they own 80%, Saraki 9% and others 11%. The investment of IEI Plc in the vehicle is 1.7bn naira. The Net Assets of the bank as at the time of this acquisition was 10bn naira with Total assets standing at about 31bn naira. So IEI Plc owns 17% of the bank or 21.25% of the SPV's investment in the bank.

The unknown element here is who the promoters of this SPV is. How they are going to raise the 56bn naira consideration for this transaction is a question that is still begging for answer.

mercylicious: Abeg check the 2013 result, it willbe there.
i asked google the business of Heritage bank and their owners(not directors). Some news papers said iei is d major shareholder while d said family has 10%.. Others said IEI has 10 % same as the BUKOLA family.