₦airaland Forum

Dupeodus:
To the extent that there is movement of ₦187billion from the retained earnings account to an asset quality reserve which was the primary reason for the inability to pay dividends, there is certainly insider loan. It may be for other purposes other than the acquisition of SEPLAT.

robobo:
The upside to the whole thing is that the provisioning is one off ( they cant provision it again this year even if they are still carrying the loan except they make a new one, which then shld be the fault of CBN because given the current stand i dont expect CBN to allow them make new loan to same entities). Additionally if the loan are paid iff or sold to other banks which Tony does not have influence over UBA then will have a substantial write back to profit.

The downside is the immediate sting of non payment of dividend which can be quite painful.

Agbalowomeri:
Are whyning? They have made the provisions
Sope Oti lor😂
That is Tony's logo

Mfunkynation:
Uncle , e be like say this UBA kasala "dey sweet you, while e dey pain Us(Uba shell holders)"

Mankind2024:
A holistic reading of the report—Note 4, 5 and 7 in particular—is essential. It provides management's detailed assurance that robust recovery processes are underway to address and reverse the current impairment charges.

Agbalowomeri:
Are whyning? They have made the provisions
Sope Oti lor😂
That is Tony's logo

leo1234:
Insurance!





Insurance!!




Insurance!!!

Mfunkynation:
Uncle , e be like say this UBA kasala "dey sweet you, while e dey pain Us(Uba shell holders)"

Mfunkynation:
Uncle , e be like say this UBA kasala "dey sweet you, while e dey pain Us(Uba shell holders)"

Agbalowomeri:
E no sweet meat o. Na Tony's way

UBA has once declined from above N60 to below N2 due to Tony's "exceptional items" when UBA reported a loss.

robobo:
The upside to the whole thing is that the provisioning is one off ( they cant provision it again this year even if they are still carrying the loan except they make a new one, which then shld be the fault of CBN because given the current stand i dont expect CBN to allow them make new loan to same entities). Additionally if the loan are paid iff or sold to other banks which Tony does not have influence over UBA then will have a substantial write back to profit.

The downside is the immediate sting of non payment of dividend which can be quite painful.

Sunrisepebble:
I sell when I think they have peaked but I don’t buy because they’re rising

BabsO2:
Okay momentum seller. Value buyer.

Mankind2024:
UBA’s strategic positioning in financial derivatives is expected to yield substantial profits in the second half of the year. The bank has already taken a conservative approach by fully provisioning for worst-case outcomes.

nosa2:
What else would they say?

debeey87:
Going forward, the CBN needs to put a cap on how much these guys can get from the bank even if they have the highest shareholdings. The CBN shouldn't allow them to borrow from the bank in perpetuity because they have the largest shareholding or are a director and end up writing it off using profit from the business in the guise of bad debts etc.

stokfrick:
So what banks now do is to just make provisions for loans from profit available without any effort to recover the loan, and CBN will just facilitate it. While shareholders are the sacrificial lambs.
is that not encouraging corruption?
I don't understand.

OsunOriginal:
I still don't understand why CBN would suggest or approve writing off insider debts with shareholders' money. Why should ordinary people be the ones paying off the debts of elites who live in Ikoyi mansions with properties and investments all over the World? This is another case of the elites/rich stealing from the poor. What efforts has the CBN made to get/force them to repay the loans? If this is not checked and stopped, it will become the norm across all banks. The directors will collect huge loans and not pay back... and then get written off with the money that should go to the ordinary shareholders.

May be there is something I don't understand ...

stokfrick:
So what banks now do is to just make provisions for loans from profit available without any effort to recover the loan, and CBN will just facilitate it. While shareholders are the sacrificial lambs.
is that not encouraging corruption?
I don't understand.

Mankind2024:
Calm down. E jẹ́ ká fi ọkàn balẹ̀.
and take a moment to read with an open mind.
UBA Plc remains a very strong and resilient financial institution. I recommend you carefully review pages 64 to 96 of the 206-page report, where it is clearly shown that the bank has successfully passed its internal stress tests.
The institution has cleaned up its balance sheet to ensure long-term sustainability and prosperity. It now holds full banking licenses across 19 African countries, with all foreign branches having returned to profitability.
UBA is undoubtedly one of the best and most solid banks in Africa.
The position is clear and unambiguous. Kindly read and digest the entire report rather than zeroing in solely on pages 204–205.

Agbalowomeri:
Are you even sure that it's not the cowboys that connived with CBN? Because after provisioning who go harrase dem for loan repayment again

OsunOriginal:
I still don't understand why CBN would suggest or approve writing off insider debts with shareholders' money. Why should ordinary people be the ones paying off the debts of elites who live in Ikoyi mansions with properties and investments all over the World? This is another case of the elites/rich stealing from the poor. What efforts has the CBN made to get/force them to repay the loans? If this is not checked and stopped, it will become the norm across all banks. The directors will collect huge loans and not pay back... and then get written off with the money that should go to the ordinary shareholders.

May be there is something I don't understand ...

Agbalowomeri:
Are you even sure that it's not the cowboys that connived with CBN? Because after provisioning who go harrase dem for loan repayment again

Raider76:
Tony should issue a statement or address the media as Ote$ did when FBN issued it's unaudited FS earlier this year.

chimex38:
Speculation doesn't cut it.
How about Instantaneous value investor
Or just Instantaneous investor.
Buy at any instant of time it's undervalued
Sell at any instant of time valuation has peaked.

megawealth01:
If zenith retrace sha no run 😂

BabsO2:
Maradona JIJO swap dance

Raider76:
Tony should issue a statement or address the media as Ote$ did when FBN issued it's unaudited FS earlier this year.

ogawisdom:
I am even praying for Zenith to crash to sub 100. It can never get to my break even price of 64 again even if a recession comes. But sub 100 is very likely and I am waiting to buy more of its share at sub 100 . Mark down will take place on Monday triggering the massive offers as traders would want to take profits quickly before it goes further down in May, June n July.