₦airaland Forum

feelamong:
Being fearless precisely when you are most scared is the best hack. - James Altucher

#ChampionBreweries

Oga feelamong, do you use morgan itrade.
If yes, have you make use of their stop-loss limit

Seplat Petroleum Development Company Plc

("Seplat" or the "Company"

Notice of Results

Lagos and London, 25 July 2016: Seplat Petroleum Development Company Plc, a leading Nigerian indigenous oil and gas company listed on both the Nigerian Stock Exchange and London Stock Exchange, today announces that it will issue its Interim financial results on Thursday 28th July 2016.

At 09:00am BST (London) and 09:00am WAT (Lagos) on Thursday 28th July 2016, Austin Avuru (CEO), Stuart Connal (COO) and Roger Brown (CFO), will host a conference call and webcast to present the Company's results. Access details will be provided on the day of results.

-Ends-

binaflexia:
Oga feelamong, do you use morgan itrade.
If yes, have you make use of their stop-loss limit

No sir..I only have accounts in Investment one and Fidelity securities....

I usually need much more than Itrade to survive in this business...

#Marginfacility

The elephant has landed

http://www.nse.com.ng/Financial_NewsDocs/14357_FBN_HOLDINGS_Q2_JUNE_2016_FINANCIAL_STATEMENTS_JULY_2016.pdf

brother loco, i see your face oooo.... . but why are people not talking about ucap/skyebank #0.80 ? My brother king welldone o .

ihedioramma:
brother loco, i see your face oooo.... . but why are people not talking about ucap/skyebank #0.80 ? My brother king welldone o .

Did anyone stop you from talking about them?

start the talk na...

megainvest:
The elephant has landed

http://www.nse.com.ng/Financial_NewsDocs/14357_FBN_HOLDINGS_Q2_JUNE_2016_FINANCIAL_STATEMENTS_JULY_2016.pdf

And the offers have disappeared...

Choi!!! I love NSE

feelamong:
Did anyone stop you from talking about them?

start the talk na...

Let the people that start it go on . but what is fbnh saying? .

feelamong:
No sir..I only have accounts in Investment one and Fidelity securities....

I usually need much more than Itrade to survive in this business...

#Marginfacility

But I think Morgan does margin facility? no?

megainvest:
The elephant has landed

http://www.nse.com.ng/Financial_NewsDocs/14357_FBN_HOLDINGS_Q2_JUNE_2016_FINANCIAL_STATEMENTS_JULY_2016.pdf

FBNH going on bid. Mercy don hammer again!

Pls can you give a summary. Been trying to load the result to no avail for over 10mins now

megainvest:
The elephant has landed

http://www.nse.com.ng/Financial_NewsDocs/14357_FBN_HOLDINGS_Q2_JUNE_2016_FINANCIAL_STATEMENTS_JULY_2016.pdf

Raider76:
FBNH going on bid. Mercy don hammer again!

E be like say I go dey follow this Mercy lady for back o .

nastydamus:
E be like say I go dey follow this Mercy lady for back o .

Person wife?

ihedioramma:
Person wife?

Oga clean your mind na

ihedioramma:
Person wife?

He said he will follow her for back, not for front.

is ucap good @ 2.45 for short term

Raider76:
He said he will follow her for back, not for front.

The husband no marry the back follow?

feelamong:
No sir..I only have accounts in Investment one and Fidelity securities....

I usually need much more than Itrade to survive in this business...

#Marginfacility

Nigerian broker offering margin facility?,I though that was pre-economic crisis.

nastydamus:
Oga clean your mind na

How do you want me to do that? if you see a man way they follow your wife for back any were she go you go like am ?

DON'T MISS IT!!!

BMZK:
DON'T MISS IT!!!

we can't see it sir .

GUYS btw dangflour and ucap which is good for short term

RESULTS ANNOUNCEMENT FBN HOLDINGS PLC. JULY 25, 2016 UNAUDITED CONSOLIDATED INTERIM FINANCIAL STATEMENTS (JUNE 2016)

PROFIT AND LOSS INFORMATION

GROSS EARNINGS: 30-06-16 N267.914B 30-06-15 N271.265B
NET INTEREST INCOME: 16 N126.050B 15 N132.696B
IMPAIRMENT FOR CREDIT LOSSES: 16 N69.914B 15 N22.583B
NET FEE, COMMISSION AND PREMIUM INCOME: 16 N33.566B 15 N32.267B
NET GAINS ON FOREIGN EXCHANGE: 16 N52.914B 15 N16.919B
INVESTMENT AND SUNDRY INCOME: 16 N7.579B 15 N12.687B
OPERATING EXPENSES: 16 N104.309B 15 N119.900B
PROFIT BEFORE TAX: 16 N45.886B 15 N52.086B
INCOME TAX EXPENSE: 16 N10.031B 15 N12.025B
PROFIT AFTER TAX: 16 N35.855B 15 N40.061B

EARNINGS PER SHARE: (Kobo) 16 98k 15 110k

Not a bad result.

angelo82:
Not a bad result.

Yes, according to their own assessments. Let the auditors come. you will see additional impairments. The forex gains also helped them. Not carried away though and not touching any bank that is not audited. I prefer to flow with GTB and Zenith

Godisfaithful:
RESULTS ANNOUNCEMENT FBN HOLDINGS PLC. JULY 25, 2016 UNAUDITED CONSOLIDATED INTERIM FINANCIAL STATEMENTS (JUNE 2016)

PROFIT AND LOSS INFORMATION

GROSS EARNINGS: 30-06-16 N267.914B 30-06-15 N271.265B
NET INTEREST INCOME: 16 N126.050B 15 N132.696B
IMPAIRMENT FOR CREDIT LOSSES: 16 N69.914B 15 N22.583B
NET FEE, COMMISSION AND PREMIUM INCOME: 16 N33.566B 15 N32.267B
NET GAINS ON FOREIGN EXCHANGE: 16 N52.914B 15 N16.919B
INVESTMENT AND SUNDRY INCOME: 16 N7.579B 15 N12.687B
OPERATING EXPENSES: 16 N104.309B 15 N119.900B
PROFIT BEFORE TAX: 16 N45.886B 15 N52.086B
INCOME TAX EXPENSE: 16 N10.031B 15 N12.025B
PROFIT AFTER TAX: 16 N35.855B 15 N40.061B

EARNINGS PER SHARE: (Kobo) 16 98k 15 110k

THANKS FOR THE BREAKDOWN. I HAVE BEEN TRYING TO ACCESS THE RESULT ON NSE SITE FOR THE PAST 5 MINUTES TO NO AVAIL.

PRESS RELEASE

Lagos, Nigeria – 26 July 2016

FBN HOLDINGS PLC. REPORTS PROFIT BEFORE TAX OF N45.9 BILLION FOR THE SIX MONTHS ENDED 30 JUNE 2016

FBN Holdings Plc. (“FBNH” or “FBN Holdings” or the “Group”) today announces its unaudited results for the six months ended 30 June 2016.

Income statement
Gross earnings of N267.9 billion, marginally lower by 1.2% year-on-year (Jun 2015: N271.3 billion)
Net-interest income of N126.1 billion, down 5.0% year-on-year (Jun 2015: N132.7 billion)
Non-interest income of N94.1 billion, up 52.0% year-on-year (Jun 2015: N61.9 billion)
Operating income of N220.1 billion, up 13.1% year-on-year (Jun 2015: N194.6 billion)
Impairment charge for credit losses of N69.9 billion (Jun 2015: N22.6 billion)
Operating expenses of N104.3 billion, down 13.0% year-on-year (Jun 2015: N119.9 billion)
Profit before tax of N45.9 billion, down 11.9% year-on-year (Jun 2015: N52.1 billion)
Profit after tax N35.9 billion, down 10.5% year-on-year (Jun 2015: N40.1 billion)

Statement of financial position
Total assets of N4.8 trillion, up 15.3% year-to-date (Dec 2015: N4.2 trillion)
Customer deposits of N3.1 trillion, up 4.2% year-to-date (Dec 2015: N2.97 trillion)
Customer loans and advances (net) of N2.1 trillion, up 16.2% year-to-date (Dec 2015: N1.8 trillion)

Key Ratio
Post-tax return on average equity of 12.0% (Jun 2015: 14.8%)
Post-tax return on average assets of 1.6% (Jun 2015: 1.8%)
Net-interest margin of 7.2% (Jun 2015: 7.8%)
Cost to income ratio of 47.4% (Jun 2015: 61.6%)
NPL ratio of 22.8% (Jun 2015: 4.1%)
55.9% liquidity ratio (FirstBank (Nigeria)) (Jun 2015: 34.7%, Dec 2015: 58.6%)
15.4% Basel 2 CAR (Including H1 2016 profit : 16.7%) (FirstBank (Nigeria)) (Jun 2015: 15.8%, Dec 2015: 17.1%)
27.9% Basel 2 CAR (FBN Merchant Bank) (Jun 2015: 17.2%, Dec 2015: 23.0%)

Notable developments
Mr. Callistus Obetta was appointed Group Executive, Technology and Services at FirstBank, effective 1 July, 2016
African Development Bank (AfDB) approved $300 million to refinance FirstBank’s trade finance transactions
FirstBank sustained its leadership as the first financial institution in Nigeria to achieve 100 million electronic-banking transactions per month
Mr. Bode Opadokun was appointed the MD/CEO of FBN General Insurance, effective 1 May, 2016

Commenting on the results, UK Eke, the Group Managing Director said:

“FBNHoldings’ performance has remained resilient in the challenging macroeconomic and business environment, further exacerbated by the devaluation of the Naira and by the persistent rise in inflation. The Group returned gross earnings of N267.9 billion and profit before tax of N45.9 billion; a reflection of the strength of our underlying business, improving cost control as well as optimisation of revenue generating opportunities. Focus remains on organic earnings generation, divestment of non-core assets, in addition to balance sheet efficiency to further enhance capital.

We remain focused on leveraging the strength of our diversified business model by exploiting synergy opportunities and cross-selling across our commercial banking, merchant banking & asset management as well as our insurance businesses towards creating sustainable value for our stakeholders.”

**Full press release attached; to access financial statements click here **

For further information, please contact:

Oluyemisi Lanre-Phillips (Head, Investor Relations)
+234 1 905 2720
Oluyemisi.lanre-phillips@fbnholdings.com

FBN....

It's Forex gain to the rescue!!

This impairment charge na die sha!!!

But it's looking good for the Elephant! But I don't see this leading to any major bull...

I may be wrong sha!

godlyguy:
Only the GameMasters know the goldmine inherent in SKYE BANK... I personally loaded SKYE BANK. when I say it's for the GameMasters, I know exactly what I mean... NEWBIES, please STAY AWAY!
THE MONKEY HUNTER

godlyguy:
I'm buying more of SKYE tomorrow, a very big thanks to those who sold out of panic... The truth remains that the battle for supremacy in SKYE will soon commence... If you are not getting me clearly... When you check out facts about her present CEO & CHAIRMAN, YOU will know that for sure they are standing in for two powerful people... END OF QUOTE... NEWBIES, THIS IS NOT YOUR TYPE
THE MONKEY HUNTER

MONKEY HUNTING ALERT!!!
Your market no go fit sell here guy. we know you're trying to break even because when you were screaming "buy skye", skyebank lost heavily (AND YOU WERE LOADED THEN). When skye did a reversal we didn't hear your noise because you were quietly waiting to break even but unfortunately profit takers no gry allow you. Now that the stock is on full offer, you are looking for monkeys

Follow this guy at your own PERIL.

mercylicious:
Whenever this thread is quiet, know guys are taking position or getting ready for DT.
Thunderlicious, how far?

I dey madam Mercy. I don enter GTB dis morning since nothing dey to buy. we are expecting a short term bull in the market.

Every gambler knows, the secret to surviving is -- Knowing what to throw away and knowing what to keep.'' - Kenny Rogers (The Gambler)

#MonkeyHunting

angelo82:
Not a bad result.

Dem try , with the way analysts dey shout as if this bank go die tomorrow

They determined to survive