₦airaland Forum

joseph1013:
I thought you call yourselves brothers and sisters in the lord.

Guess it was all a ruse. smh

Brothers and sisters ke. Bros, you must be typing from River Thames!

NextProdigy:
I warned about 2 stocks. OANDO and FBNH.

If you lost money in OANDO, sorry.

If you still have FBNH, get out fast as soon as you can. Make dem no take PREMIUM category deceive you o.

The bolded sounds as though the company has been wound up.

It declared a loss, it hasn't filed for bankruptcy.

cassimere:
The bolded sounds as though the company has been wound up.

It declared a loss, it hasn't filed for bankruptcy.

Ok.

Some shares jus keep proving that going longterm in this share stuff is jus a blind effort. Naija and mago mago. Who will proteck innocent investors.

donmarshia:
What's happening to Oando?

open door that is what happening

cassimere:
The bolded sounds as though the company has been wound up.

It declared a loss, it hasn't filed for bankruptcy.

but i think they are in to business with oando?

I would like to recommend a book for all to read, or at least the first 3 chapters. It has been around for a while, actually since 1841.
Memoirs of Extraordinary Popular Delusions and the Madness of Crowds - Charles Mackay

NextProdigy:
I warned about 2 stocks. OANDO and FBNH.

If you lost money in OANDO, sorry.

If you still have FBNH, get out fast as soon as you can. Make dem no take PREMIUM category deceive you o.

not only fbnh, skye,fcmb,eti and one other bank .

ihedioramma:
not only fbnh, skye,fcmb,eti and one other bank .

That will be Citibank. Sell my FBNH? Depends on the nature of their Q3 result.

9free:
That will be Citibank. Sell my FBNH? Depends on the nature of their Q3 result.

Ok

9free:
That will be Citibank. Sell my FBNH? Depends on the nature of their Q3 result.

Ok . what is the old name of citibank ?. what of if it is gtb or access ?.

Make no mistake about it; FBNH is likely to post a good result. What is driving FBNH price down is not poor performance but the fact that a great dividend is not expected this year.

Zenith Bank declares 83bn PAT in Q3, 2015.

The sentiment here is enough to show that this coming week will be bearish..............

megainvest:
Make no mistake about it; FBNH is likely to post a good result. What is driving FBNH price down is not poor performance but the fact that a great dividend is not expected this year.

You're right.

davide470:
Zenith Bank declares 83bn PAT in Q3, 2015.

Hmm impressive... Seems the banks are doing well

megainvest:
Make no mistake about it; FBNH is likely to post a good result. What is driving FBNH price down is not poor performance but the fact that a great dividend is not expected this year.

Not just dividend,declining ROE,poor capital position,increase in impaired loans and resultant impairment charges.

passwelle:
I would like to recommend a book for all to read, or at least the first 3 chapters. It has been around for a while, actually since 1841.
Memoirs of Extraordinary Popular Delusions and the Madness of Crowds - Charles Mackay

For those who are interested in reading, you can Download it here http://www.cmi-gold-silver.com/pdf/mackaych2451824518-8.pdf

ihedioramma:
not only fbnh, skye,fcmb,eti and one other bank .

They have loans exposure to Oando, i pray Oando does not go into receivership by these banks.

manie:
They have loans exposure to Oando, i pray Oando does not go into receivership by these banks.

And every body is talking about oando and forget or may not know this and they have big share's with the banks . that is why i say know one is 100% good in stock . deer,japaul e.t.c are example's .

MYJOY084 good day .

Kagame:
Not just dividend,declining ROE,poor capital position,increase in impaired loans and resultant impairment charges.

True. Many of the banks are also have the same impairment issues.

ihedioramma:
And every body is talking about oando and forget or may not know this and they have big share's with the banks . that is why i say know one is 100% good in stock . deer,japaul e.t.c are example's .

The banks that gave loans to Oando are in a better position compared Oando. They can decide to put Oando into receivership, if this happen they can take-over the running of Oando or appoint managers who will run Oando, the essence this is to make sure thet recover their money. I am very sure Wale and his cohort will not want this to happen, they will ensure the loans are paid as at when due the people who will suffer are the shareholders. Wale will soon come to raise more funds from investors, it is really "a very long walk to freedom for shareholders of this company".

megainvest:
True. Many of the banks are also have the same impairment issues.

A good number of them have cleaned their books, Onasanya made a lot of mistakes at FBN but the board gave him a soft landing by allowing him to resign with effect from 1st January 2016. A new team will manage FBN from 2016, the market is waiting for their 3 quarter result.

manie:
The banks that gave loans to Oando are in a better position compared Oando. They can decide to put Oando into receivership, if this happen they can take-over the running of Oando or appoint managers who will run Oando, the essence this is to make sure thet recover their money. I am very sure Wale and his cohort will not want this to happen, they will ensure the loans are paid as at when due the people who will suffer are the shareholders. Wale will soon come to raise more funds from investors, it is really "a very long walk to freedom for shareholders of this company".

ok but the banks will not give any thing to there shareholders befor they get there money back but what of if this banks cant raise there money back in five years? what will happen to there shareholders in that five years? and oando may own other company that is not banks two .

Why will oando go into receivership when they can simply dispose of some of their assets to offset their debts? I think the board just needs to make some tough calls and accept that the acquisitions they've made in recent years have been faulty, and probably sell them off. The assets they've borrowed money to acquire in recent years have'nt been as profitable as we all envisaged. I remember some people here were praising oando and Wale after the COP deal was consummated because we all thought we would easily offset the debts from d deal and start making profit. Nobody was looking at the US crude inventory charts. Lets just sell off d assets and return to profitability. Plus the NSE and SEC should start taking corporate governance and accountability in quoted companies serious. Its not enough to fine companies that delay their results. They can easily pay d fines and continue to hold on to the results, like Oando has done. Let's have stricter penalties for delayed results. To me Receivership is totally off the cards for Oando

ihedioramma:
ok but the banks will not give any thing to there shareholders befor they get there money back but what of if this banks cant raise there money back in five years? what will happen to there shareholders in that five years? and oando may own other company that is not banks two .

But Oando is not the only customer, most of the banks have cleaned their books, the worst scenario is for the banks to take over the finance of Oando in order to recover their money. Wale will not allow the problems of Oando to degenerate to the embarasing situation of receivership.

duni04:
Why will oando go into receivership when they can simply dispose of some of their assets to offset their debts? I think the board just needs to make some tough calls and accept that the acquisitions they've made in recent years have been faulty, and probably sell them off. The assets they've borrowed money to acquire in recent years have'nt been as profitable as we all envisaged. I remember some people here were praising oando and Wale after the COP deal was consummated because we all thought we would easily offset the debts from d deal and start making profit. Nobody was looking at the US crude inventory charts. Lets just sell off d assets and return to profitability. Plus the NSE and SEC should start taking corporate governance and accountability in quoted companies serious. Its not enough to fine companies that delay their results. They can easily pay d fines and continue to hold on to the results, like Oando has done. Let's have stricter penalties for delayed results. To me Receivership is totally off the cards for Oando

I WONDER WHEN PEOPLE WILL LEARN. OANDO HAS CONTINUED TO BURN THE FINGERS OF LOCAL AND SMALL INVESTORS FOR SOME YEARS YET PEOPLE WILL NOT LEARN UNTIL THEY GET BURNT TOO. A STOCK SO HOPEFUL BUT AN OBVIOUS TRAP OF REGRET

duni04:
Why will oando go into receivership when they can simply dispose of some of their assets to offset their debts? I think the board just needs to make some tough calls and accept that the acquisitions they've made in recent years have been faulty, and probably sell them off. The assets they've borrowed money to acquire in recent years have'nt been as profitable as we all envisaged. I remember some people here were praising oando and Wale after the COP deal was consummated because we all thought we would easily offset the debts from d deal and start making profit. Nobody was looking at the US crude inventory charts. Lets just sell off d assets and return to profitability. Plus the NSE and SEC should start taking corporate governance and accountability in quoted companies serious. Its not enough to fine companies that delay their results. They can easily pay d fines and continue to hold on to the results, like Oando has done. Let's have stricter penalties for delayed results. To me Receivership is totally off the cards for Oando

Thank you for this post. Receivership or filing for insolvency are just the worst case scenario. Someone said the banks that financed the deals will also be in trouble, but I made him realise that the banks are in better position compared to Oando. Oando will surely pay back, except Wale wants Oando to go into receivership which will not be in favour of Wale and his cohort because they will lose control of the company's finance which is the koko.:........................... I dey church, we will talk latter.

9free:
That will be Citibank. Sell my FBNH? Depends on the nature of their Q3 result.

Pay more attention to rise in impairments when the Q3 results are released.
Atlantic Energy's boss was picked up a day after D.Allison was arrested in the U.K

FBNH and Skye presently have over $400 million loan exposure to Atlantic energy. The amount ($400M) is over 4% of total NPL in Nigeria.

So here you are.... you have the figures... Do the math.

Please someone should show me how to deactivate my account; I wan go look for Myjoy, dear friend

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