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Nigerian Stock Exchange Market Pick Alerts - Investment (1689) - Nairaland

Nairaland ForumNairaland GeneralInvestmentNigerian Stock Exchange Market Pick Alerts (15721934 Views)

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Re: Nigerian Stock Exchange Market Pick Alerts by feelamong(m): 1:04pm On Jul 04, 2016
@BBoason: Sources say @cenbank to lay-off all @SkyeBankNigeria Directors, except the three execs that joined the lender about a year ago
Re: Nigerian Stock Exchange Market Pick Alerts by Mfunkynation(m): 1:05pm On Jul 04, 2016
willyede:
Please what's the current bid and offer prices for Aiico and Ucap
Ucap = 2.41(offer). Aiico = 0.71(offer)
Re: Nigerian Stock Exchange Market Pick Alerts by megainvest: 1:06pm On Jul 04, 2016
Central Bank should allow us buy Skye @50 kobo then sell it to GTB or Zenith! grin
Re: Nigerian Stock Exchange Market Pick Alerts by feelamong(m): 1:07pm On Jul 04, 2016
FLASH: MD of @SkyeBankNigeria and some top management executives resign in anticipation of @cenbank dissolution of mgt and board of the bank
Re: Nigerian Stock Exchange Market Pick Alerts by Manonamission: 1:08pm On Jul 04, 2016
feelamong:
@BBoason: Sources say @cenbank to lay-off all @SkyeBankNigeria Directors, except the three execs that joined the lender about a year ago
https://pageone.ng/2016/07/04/cbn-sacks-entire-board-skye-bank-plc/
Re: Nigerian Stock Exchange Market Pick Alerts by Born2berich: 1:12pm On Jul 04, 2016
''No company will delay a good result'' have been said severally on this thread but many will not heed to the warnings. Current information has it that the CBN plans dissolving the board and management of skyebank plc and partial take over the bank..Now, the stock is on full offer and no single bid..Reminds me about oceanic bank plc saga. It is well. I hope none of NSEMPA is caught in this web.

Re: Nigerian Stock Exchange Market Pick Alerts by jp130(m): 1:20pm On Jul 04, 2016
WHAT! all dos offer hu u tinx say get dem?

Born2berich:
''No company will delay a good result'' have been said severally on this thread but many will not heed to the warnings. Current information has it that the CBN plans dissolving the board and management of skyebank plc and partial take over the bank..Now, the stock is on full offer and no single bid..Reminds me about oceanic bank plc saga. It is well. I hope none of NSEMPA is caught in this web.
Re: Nigerian Stock Exchange Market Pick Alerts by duni04(m): 1:35pm On Jul 04, 2016
So I'm guessing the next step is for the NSE to place Skye shares on technical suspension till further notice?
Re: Nigerian Stock Exchange Market Pick Alerts by Mfunkynation(m): 1:39pm On Jul 04, 2016
jp130:
WHAT! all dos offer hu u tinx say get dem?
Jp130, my bros frm anoda moda..... hope u r not flyin in. d SKyE
Re: Nigerian Stock Exchange Market Pick Alerts by Kagame: 1:42pm On Jul 04, 2016
History repeats itself and another bank bites the dust.
Re: Nigerian Stock Exchange Market Pick Alerts by duni04(m): 1:44pm On Jul 04, 2016
The CBN is very culpable in this nonsense that is going on with Skye because when there were rumours swirling around a couple of months ago that Skye was distressed, the CBN released a press statement dispelling the rumours, then allowed Skye go on for almost 6 months without releasing audited results for the previous year, forcing investors to trade blindly. Shareholders of Skye should just institute a class action suit against the management of Skye for hiding results and the CBN for lying to investors.
Re: Nigerian Stock Exchange Market Pick Alerts by Manonamission: 1:44pm On Jul 04, 2016
duni04:
So I'm guessing the next step is for the NSE to place Skye shares on technical suspension till further notice?
I should think so. It's not a good news for the industry at all. Should we expect the market to react negatively across the sector? A SIB bank going down.
Re: Nigerian Stock Exchange Market Pick Alerts by Kagame: 1:45pm On Jul 04, 2016
This could have been FBNH. Lucky they tried to clean up before CBN intervened.
Re: Nigerian Stock Exchange Market Pick Alerts by PharmAlfred: 1:47pm On Jul 04, 2016
Oando to release facts behind their figures to stakeholders today. This may account for further increase in the stock price despite poor fundamentals.
Re: Nigerian Stock Exchange Market Pick Alerts by PharmAlfred: 1:54pm On Jul 04, 2016
feelamong:
http://af.reuters.com/article/commoditiesNews/idAFFWN19P01T

BRIEF- Oando concludes recapitalization and partial divestment of equity stake in own stream operations July 4 (Reuters) - Oando Plc :

* Says has announced $210 million recapitalization of downstream operations by hv investments

* HV Investments II B.V., (HVI) is joint venture owned by Helios Investment Partners and The Vitol Group

* Says new company will be formed to hold interests in Oando Marketing Ltd, Oando Supply & Trading Ltd, Apapa Spm Ltd, and Oando Trippmart Ltd

* Says the Co will retain 49% shareholding in newly formed corporate vehicle, with the consortium owning 49%, and the residual 2% owned by local entity

* Says the new company will be renamed OVH Energy

* Says initial board will consist of Wale Tinubu, Group Chief Executive of Oando Plc., as the Chairman, Christian Chammas, CEO of Vivo Energy

* Says current CEO, Yomi Awobokun, will continue in his role and service stations will retain the Oando brand
Pls, in simple terms, what is the business implication of this to shareholders and prospective investors? Thank you.
Re: Nigerian Stock Exchange Market Pick Alerts by angelo82: 1:54pm On Jul 04, 2016
The problem of skye is suspicious,just know that the head of amcon is former MD of the bank that was acquired by skye bank.
Re: Nigerian Stock Exchange Market Pick Alerts by Kashif(m): 1:56pm On Jul 04, 2016
duni04:
The CBN is very culpable in this nonsense that is going on with Skye because when there were rumours swirling around a couple of months ago that Skye was distressed, the CBN released a press statement dispelling the rumours, then allowed Skye go on for almost 6 months without releasing audited results for the previous year, forcing investors to trade blindly. Shareholders of Skye should just institute a class action suit against the management of Skye for hiding results and the CBN for lying to investors.
I will be in the front! See where my technicals land me ooo shocked shocked angry grin grin
Re: Nigerian Stock Exchange Market Pick Alerts by Kagame: 2:03pm On Jul 04, 2016
angelo82:
The problem of skye is suspicious,just know that the head of amcon is former MD of the bank that was acquired by skye bank.
Nothing suspicious here.Skye and FBNH did a lot of risky lending to politically exposed persons in the last administration.Even the directors of both banks were cutting deals and stealing from their banks.

The difference now is that Skye cannot absorb the shock cos it's a small bank punching above it's weight.FBNH is barely struggling to survive and will go the way of Skye if they repeat the mistake of the last few years.
Re: Nigerian Stock Exchange Market Pick Alerts by ItGeek(m): 2:04pm On Jul 04, 2016
Happy i bailed out of Skye at 1.12. very sad to see a coy bite the dust.
Re: Nigerian Stock Exchange Market Pick Alerts by Mfunkynation(m): 2:12pm On Jul 04, 2016
wat goin on wit fidelity oooo
Re: Nigerian Stock Exchange Market Pick Alerts by angelo82: 2:13pm On Jul 04, 2016
Kagame:
Nothing suspicious here.Skye and FBNH did a lot of risky lending to politically exposed persons in the last administration.Even the directors of both banks were cutting deals and stealing from their banks.

The difference now is that Skye cannot absorb the shock cos it's a small bank punching above it's weight.FBNH is barely struggling to survive and will go the way of Skye if they repeat the mistake of the last few years.
Why appointing a man who mismanaged his own bank to AMCON ?
Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 2:16pm On Jul 04, 2016
Any news on fo?
I want to ji now
Re: Nigerian Stock Exchange Market Pick Alerts by willyede(m): 2:21pm On Jul 04, 2016
Mfunkynation:
Ucap = 2.41(offer). Aiico = 0.71(offer)
Thanks boss
Re: Nigerian Stock Exchange Market Pick Alerts by Zhirinovsky: 2:23pm On Jul 04, 2016
Just sent you a mail bro. Plz reply
feelamong:
Sebi na their Syaman been donate N2B to PDP during the campaigns...

I no talk anytin o! cry
Re: Nigerian Stock Exchange Market Pick Alerts by Kagame: 2:25pm On Jul 04, 2016
angelo82:
Why appointing a man who mismanaged his own bank to AMCON ?
Conflict of interest,yes. But doesn't erase the fact that Skye bank was/is badly managed. If the bank was healthy CBN wouldn't have intervened.
Re: Nigerian Stock Exchange Market Pick Alerts by Intendy: 2:26pm On Jul 04, 2016
Re: Nigerian Stock Exchange Market Pick Alerts by zendi: 2:30pm On Jul 04, 2016
[quote author=zendi post=46787401]so you neva hear say skye dash atlantic energy $120m(N35b) , plus other generosities like that, then money finish, and bad market no let them come collect more money from the public
Re: Nigerian Stock Exchange Market Pick Alerts by Mfunkynation(m): 2:46pm On Jul 04, 2016
Intendy:
http://nse.com.ng/Financial_NewsDocs/14168_INFINITY_TRUST_Q2_JUNE_2016_FINANCIAL_STATEMENTS_JULY_2016.pdf

oga born2berich see as d coy post result sharp sharp cause it's good.
bros, abeg... honyflour, diamond n fidson been release dia Q1 n Q2 result?
Re: Nigerian Stock Exchange Market Pick Alerts by Intendy: 2:48pm On Jul 04, 2016
stock with new 52 weeks low
lafarge wapco #67.00k
no new high
Re: Nigerian Stock Exchange Market Pick Alerts by feelamong(m): 2:52pm On Jul 04, 2016
Zhirinovsky:
Just sent you a mail bro. Plz reply
Yes Boss!

Just replied!
Re: Nigerian Stock Exchange Market Pick Alerts by Born2berich: 2:55pm On Jul 04, 2016
Intendy:
http://nse.com.ng/Financial_NewsDocs/14168_INFINITY_TRUST_Q2_JUNE_2016_FINANCIAL_STATEMENTS_JULY_2016.pdf

oga born2berich see as d coy post result sharp sharp cause it's good.
Are you comparing infinity trust to the likes of skye bank? Seriously? How many people trade in infinity trust when compared to skye bank?
Re: Nigerian Stock Exchange Market Pick Alerts by Intendy: 3:10pm On Jul 04, 2016
Mfunkynation:
bros, abeg... honyflour, diamond n fidson been release dia Q1 n Q2 result?
Honeywell end year is March.so their qtr 1 (June 31) should be out any time soon.

only q1 available for diamond and fidson.
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