Born2berich:
Are you comparing infinity trust to the likes of skye bank? Seriously? How many people trade in infinity trust when compared to skye bank?

what I'm saying here is that infinity is behaving like unity bank when they want to make the going look good.

if the result was bad they will be waiting to align it with other bad result s or drop it in dthe midst of good result to go unnoticed.

prof Emma Ewumi, how is your skye na shee! you don fly comot
chai skye don krap my head and bears with a blunt broken bottle
I swear 9ija bet is a better gamble than nse.
to stay off HBP, stay off nse.

Intendy:
stock with new 52 weeks low

lafarge wapco #67.00k

no new high

Wow ?!!!!! WAPCo N67...Dangote don kee these guys finish...power good o

Intendy:
http://www.nse.com.ng/Financial_NewsDocs/14174_SKYE_BANK_CHANGES_ON_THE_BOARD_CORPORATE_ACTIONS_JULY_2016.pdf

Ok. Their first assignment: Publish the result and let us see. No time for tori!

Hope our deposit is safe in skye bank?

I will hold unto my oando untill i see it at #10........yes we know oando has no good corporate governance and also no good fundamental..........they also declared loss two years ago,last year and may also declare loss this year......recently we were told that oando secured 95 billion loans for 5 years from 10 Nigerian banks.....

if this company is not back on track,do you think banks like Access,zenith etc will fall their hands after all their huge debts and losses?.........some people will regret not buying oando when it was #7 because i am sure it may go the way of FO with the plans onboard.

Tritri:
Hope our deposit is safe in skye bank?

It looks like,but only the CBN and NDIC can provide a comforting assurance. I wonder why they have not released a statement.

Tritri:
Hope our deposit is safe in skye bank?

Better run away in both their shares and deposits.........just on friday,their ATM machine swallowed my card yet to vomit it...........their bankruptcy journey has just started.......I have been warning everyone here to refrain from this bank.......anyone holding the shares of this bank may end up getting peanut like fin bank shareholders.........FCMB knows what i am talking about.

Intendy:


what I'm saying here is that infinity is behaving like unity bank when they want to make the going look good.

if the result was bad they will be waiting to align it with other bad result s or drop it in dthe midst of good result to go unnoticed.

Okay.

Intendy:
http://www.nse.com.ng/Financial_NewsDocs/14174_SKYE_BANK_CHANGES_ON_THE_BOARD_CORPORATE_ACTIONS_JULY_2016.pdf

Can u imagine this crap? They even took time out to specially thank Ayeni for dashing shareholders money to Jonathan and Atlantic energy! The level of criminality in this country is just astounding!

megainvest:


Ok. Their first assignment: Publish the result and let us see. No time for tori!

With CBN taking over, they have no choice than to publish the result.

Intendy:


Honeywell end year is March.so their qtr 1 (June 31) should be out any time soon.

only q1 available for diamond and fidson.

thankz

Please is wapco cement company going down....


I want to know so that I can Jo on time... What is the future looking like in lafarge wapco cement...I just chop their dividend,but I don't know why the share price is going down (south-south) to discover Niger Delta oil....

Please advise meooooh

We are BNSITL

Cc...

Megainvest
Born2berich
Feelamong
Godisfaithful
Angeloe
Locodemy
Manie
Mercelicious
Etc

Thank God I Jo of skyebank at N1.12

Born2berich:
With CBN taking over, they have no choice than to publish the result.

Hmmn... my brother, you may not see any result in the near period.
Whatever little bones remaining in that pot may now be spoils for the new mgt/board.
The first official business is the most merciless massacre of existing shareholders thro capital raising.
This is why we keep shouting of conducting your dd.
My condolences to anybody caught in the mess.

zendi:

Hmmn... my brother, you may not see any result in the near future.
Whatever little bones remaining in that pot may now be spoils for the new mgt/board.
The first official business is the most merciless massacre of existing shareholders thro capital raising.
This is why we keep shouting of conducting your dd.
My condolences to anybody caught in the mess.

i dont think anyone among us is caught.......if there is,may the persons soul be console with ogogoro,origin and alabukun

locodemy:
I will hold unto my oando untill i see it at #10........yes we know oando has no good corporate governance and also no good fundamental..........they also declared loss two years ago,last year and may also declare loss this year......recently we were told that oando secured 95 billion loans for 5 years from 10 Nigerian banks.....

if this company is not back on track,do you think banks like Access,zenith etc will fall their hands after all their huge debts and losses?.........some people will regret not buying oando when it was #7 because i am sure it may go the way of FO with the plans onboard.

My Oga, this is not fair. The banks had to extend the facilities because they were also sunk in it. Do you know that as part of the arrangement, the principal portion of the loan will not be paid until a certain period. This is not a good sign of confidence but desperation on the part of lenders to present the loans as performing. Take a good look at the accounts again. 2015 and Q1. Focus more on the statement of comprehensive income and the statement of financial position. The revenue being generated is not that strong to pay off their liabilities in the immediate period unless the price of crude goes to $120 asap.

ukay2:
Please is wapco cement company going down....


I want to know so that I can Jo on time... What is the future looking like in lafarge wapco cement...I just chop their dividend,but I don't know why the share price is going down (south-south) to discover Niger Delta oil....

Please advise meooooh

We are BNSITL

Cc...

Megainvest
Born2berich
Feelamong
Godisfaithful
Angeloe
Locodemy
Manie
Mercelicious
Etc

Thank God I Jo of skyebank at N1.12

Sir, for Wapco, it is fundamentally strong but at the moment fortunes is not in their favor due to Dangote undiluted business strategy and power tussle. Best of luck!

STAY off SKYEBANK if you don't have the large heart to absolve risks... That stock will bounce back just the way DANGOTE FLOUR did, it takes more than cheap talk to make money from the stock market!

I advice the newbies to stay off SKYE BANK until further notice... If you can't take RISKS, STAY OFF SKYE BANK, OANDO, DANGOTEFLOUR & TRANSCORP so you won't be bitten real hard!

THE BIG SMART GUY

zendi:

Hmmn... my brother, you may not see any result in the near period.
Whatever little bones remaining in that pot may now be spoils for the new mgt/board.
The first official business is the most merciless massacre of existing shareholders thro capital raising.
This is why we keep shouting of conducting your dd.
My condolences to anybody caught in the mess.

Skye bank challenges is a self-inflicted one. Acquisition, 2015 election, granting loans without proper supervision and due diligence (They never thought outside of the box of fall in crude oil price), management strong headed to some advice, and lavish spending. They will soon face criminal investigation and might lead to prosecutions. Another example of a good company in a bad hand! For those In Oando bus, watch your back!

godlyguy:
STAY off SKYEBANK if you don't have the large heart to absolve risks... That stock will bounce back just the way DANGOTE FLOUR did, it takes more than cheap talk to make money from the stock market!

I advice the newbies to stay off SKYE BANK until further notice... If you can't take RISKS, STAY OFF SKYE BANK, OANDO, DANGOTEFLOUR & TRANSCORP so you won't be bitten real hard!

THE BIG SMART GUY

After the reggae play the blues!

We will join you to bounce when we reach car park. Who's the smart guy now?

godlyguy:
STAY off SKYEBANK if you don't have the large heart to absolve risks... That stock will bounce back just the way DANGOTE FLOUR did, it takes more than cheap talk to make money from the stock market!

I advice the newbies to stay off SKYE BANK until further notice... If you can't take RISKS, STAY OFF SKYE BANK, OANDO, DANGOTEFLOUR & TRANSCORP so you won't be bitten real hard!

THE BIG SMART GUY

You must be the grandson of Peterichy.......JULY.........skye bank..........you recommended buy.........we are just entering july and you are telling us to stay off skye.......chai....pele.......sorry.......ndo

rebekah2011:


My Oga, this is not fair. The banks had to extend the facilities because they were also sunk in it. Do you know that as part of the arrangement, the principal portion of the loan will not be paid until a certain period. This is not a good sign of confidence but desperation on the part of lenders to present the loans as performing. Take a good look at the accounts again. 2015 and Q1. Focus more on the statement of comprehensive income and the statement of financial position. The revenue being generated is not that strong to pay off their liabilities in the immediate period unless the price of crude goes to $120 asap.

oga pls go and make a research and come up with the latest info.........The #95 billion loan is a fresh deal and never in the loan book......i dont know why people still believe in fantassies......they have eyes and could not see, ears and cant hear........if the stock has punish you before.......better start a new page now because you may remember this page something in the future.

megainvest:


After the reggae play the blues!

We will join you to bounce when we reach car park. Who's the smart guy now?

Sir, your question about who's the smart guy is very funny though...lol. Don't forget everyone is smart when the going is good but the real smartness of humanity reflects when life throw at us what's unpleasant and how we respond to it says a lot about our being smart.
For stocks business lovers: stock market is not an emotional place to be when it comes to the reality of the business. It takes a strong, brave, fearless, and high-risk taker to absorb every shock of it. If you're not part of those listed one, don't be emotionally attached to stocks market or any listed stocks in NSE. Ramadan Kareem to all our Muslim brothers and sisters! It is One Love as usual!

Godisfaithful:


Skye bank challenges is a self-inflicted one. Acquisition, 2015 election, granting loans without proper supervision and due diligence (They never thought outside of the box of fall in crude oil price), management strong headed to some advice, and lavish spending. They will soon face criminal investigation and might lead to prosecutions. Another example of a good company in a bad hand! For those In Oando bus, watch your back!

Feelers from what i have been reading is pointing to take over just like what happened to Afribank, Bank PHB and Enterprise Bank. So I will advise that people should keep off this stock unless the CBN will be bold enough to recover monies from the Directors and convene EGM to recapitalise the Bank. This is the only way the shareholders may have a say going forward.

Morgan capital is using Skye bank, right? Abeg, i hope our money is safe? I no wan hear story o!!!

locodemy:


oga pls go and make a research and come up with the latest info.........The #95 billion loan is a fresh deal and never in the loan book......i dont know why people still believe in fantassies......they have eyes and could not see, ears and cant hear........if the stock has punish you before.......better start a new page now because you may remember this page something in the future.

Going concern
The Group and Company recorded comprehensive losses, net of tax of N37.8billion and N56.6billion respectively during the year ended 31 December 2015 (2014 comprehensive losses:
Group ” N116.5billion; Company ” N66.5billion). As of year-end, the Group and Company were in net current liabilities position of N247.9billion and N32.8billion respectively (2014 net
current liabilities: Group ” N329.0billion; Company ” N34.7billion). Management has developed key strategic initiatives which aim to return the Company (and Group) to profitability, improve
working capital and cash flows. The key initiatives include:

- Conversion of the ‚convertible loan notes‛ of N36.4billion currently classified under current liability to equity, which conversion has been approved by the shareholders of Oando Plc and
which will commensurately increase shareholders’ funds by N36.4billion;
- A refinancing of approximately N94.6billion of short term borrowings into a new five-year medium term loan note facility which took place on June 6, 2016;
- Divestment of the energy services business leads to deconsolidation of approximately N43billion debt from the Group’s statement of financial position;
- Partial divestment and recapitalisation of the downstream division of which net proceeds of approximately N44billion will be used entirely to pay down debt, while deconsolidation of the
downstream division will remove the downstream debt from the Group’s statement of financial position;
- Partial divestment of the midstream business to raise up to N40billion, for which proceeds will be used to pay down debt; and
- Sale of the Company’s shares in Oando Energy Resources to raise up to N30billion in order to fund working capital and further pay down debt.

My Oga, on this thread we are brother and sisters in the lord to help ourselves to escape booby traps. I left Oando bus a long time ago. Sold at 25 naira, I bought it at 64 naira back then.

For the newbies dont be sucked in. There are better stocks out there.

PETERiCHY:
"Sell in MAY and GO AWAY, else remain in the market at own PERiL"

*ThE OcToPuS*

We warned them. they tagged us pessimists and start to delete our posts so they can trap more gullible victims .

Now NSE has deleted their money. I only the pity newbies who doesnt the intricacy of the Stock market but are carried away by the we are making money chanters.

ADIEU SKYEBANK my condolence goes to Pa Emma & Agba.

*ThE OcToPuS*

Born2berich:
Morgan capital is using Skye bank, right? Abeg, i hope our money is safe? I no wan hear story o!!!

Sir Born, relax small your money is safe...lol

godlyguy:
STAY off SKYEBANK if you don't have the large heart to absolve risks... That stock will bounce back just the way DANGOTE FLOUR did, it takes more than cheap talk to make money from the stock market!

I advice the newbies to stay off SKYE BANK until further notice... If you can't take RISKS, STAY OFF SKYE BANK, OANDO, DANGOTEFLOUR & TRANSCORP so you won't be bitten real hard!

THE BIG SMART GUY

My friend KEEP SHUT! After fervent effort in trying to decieve gullible investors, you come here and spit trash that Skyebank will bounce back like dangote flour. Of course it may bounce back (a futuristic thing that may happen anytime), and I won't be surprised if the stock start to trade north soon. It's a no-brainer. So don't come back here to continue your noise when it happens. Didn't your informant tell you that Skyebank would be taken over by CBN and AMCON?

@ALL, for the umpteenth time, don't be a victim of Monkey Hunting. Learn to identify their posts: by their fruits you will know them. @godlyguy is a shameless Monkey Hunter who should be banned from NSEMPA.

feelamong:
@BBoason: Sources say total non-performing loans in @SkyeBankNigeria nearly N700bn owed oil & gas firm, etc.

Chai!!! This is clear example of how not to run a bank.

Can you imagine... efcc seized a £2m WRISTWATCH from a director of one of the skyebank debtor-holders of non performing loans., according to Sahara Reporters.
Is there any doubt that this type never had intent of paying back the loan from the beginning, even if business was going well?