TraDeRR:
I deleted that handle for some reason best known to me but the very minute she saw I deleted it, she rushed online started posting nonsense making OGG feel bad ! Making the man apologize for nothing !
Which kind badluck wey I come gam for internet like na..This girl opened her account April 2017 immediately come dey attack me over something wey no concern her!Truth is I came back because of you mcy56, you are the only one I have insulted here !

Yayira, you're an unrepentant LIAR! So you've even being secretly following/monitoring my profile.
People were discussing/arguing about Japaul or something and this guy, nio made a comment with which you replied harshly. I told you not to fuel the argument but you snapped back at me not to mention you again which I did. What's the insult or offence there? I had to go dig what actually happened self.
So since then you've been nursing wicked thoughts!
I wasnt even part of your talk with onegentleguy! He apologized and I told him he couldnt have being the reason you left.
You will kee yourself over this Mcy who doesnt even know you exist pass the page of Nsempa thread o.

nio68:
Person go need buy helmet at the current rate of stone throwing ... just that helmet would not protect against thunder I forsee another round when the inevitable happens to Japaul... I will let Mr Time[b][/b] decide I didn't mention names o

Yayira:
If it happens and he begins to lament, how much will it add to your bank account ?
I guess zero naira.

Mcy56:
........ but he didnt mention name I'm not understanding.
There's no need fueling unnecessary argument please.

Mpeace:
Abeg, make una leave the matter as e be. Once upon a time you guys were in peace. Can we return to that time? We no need to fight our selves. We fit put all our energy to fight our common enemy "Mr. Bear", so that the bull can survive..

Please dont preach that to me cos I dont even know she exists outside Nsempa.
She's a wicked soul who will rot in h.e.l.l. for holding unto issues that f she didn't repent.
I'll stop replying a psy.cho henceforth... pls tell her to stop the obsession about me!

TraDeRR:
Truth is I came back because of you mcy56, you are the only one I have insulted here. !

@ bolded!!!
You'll be alright if you keep to doctor's prescription.

pluto09:



It was not only FBN that had that run in price at that period of time.
Some stocks with worse fundamental even did better in term of price appreciation.

For now , FBN is still lagging behind.
Among the first tier banks, they have the worse fundamental. And why would anyone buy now when we have better options if not because of the name and sentiment. This however does not mean FBN cannot return a higher percentage in term of capital appreciation.

Bottom line, we must all be able to define what we are to buy...we could be fundamentally, technically, sentimentally, spiritually driven...

Didn't they take a hit on seawolf loan of over 150m USD (N99B) a few years ago. I fact, rumours had it that ogas chop clean mouth on that one

Nigerian CEO looking after themselves since 1914

http://odili.net/news/source/2010/jan/21/403.html

Godlylifeoneart:

You said it all
Anybody buying fbnh Plc is doing so coz of deep sentiment. The elephant is sick,not just the bearish moment, the bank is only hidding under the bearish climate.
The bank is full of making empty promises. Investors has been mislead by this bank. 4 yrs ago, they promised investors that the loans in the oil industry would soon be recovered. Today... LOAN HAS BEEN WRITTEN OFF. NO MORE EFFORT FOR THE RECOVERY. NO PUNISHMENT. BUSINESS SENT WRONG.
It started with one of the most coded scammer in the hx of corporate frauds in Nigeria.... Mr. Bisi Onasanya.
He dashed investors money to his family and friends in the Nigerian Oil industry. The man has retired codedly into his mult billion Naira empire in banana Island where he is enjoying the fruits of our investment. Not the fruits of his labour but ours.
Today Billions of investors funds has been written off.
First bank unilaterally declared billions of naira loans TOXIC....
We might not have heard the truth about fbnh finances.
We pray that the elephant will not collapse soon.
If there is no bearish climate, the true picture of fbnh plc would have been exposed.

On the part in bold, u may not be far from the truth !!

I did mention in my analysis of the coys 2018 YE financial print that over 41% of key loans could not be accounted for in that result.
Again, the bank(FBNH) was the only 1st tier entity to get a forbearance from the CBN on the implementation of IFRS 9 guideline, yet its qualifying capital benchmarked against its total loan portfolio(CAR) has been CONTRACTING. ...YE 2018, Q1, 2019 and H1, 2019 all witnessed series of contractions.

Fresh findings;

Looking @ their H1, 2019 report last night, I noticed that the slight decline in NPL(to circa 14.5%) was mainly because the loan to Atlantic Energy(a key exposure) has been written off(probably effective from prior yr). ...that write off alone was over 126B. ...which was why there was a reduction in gross loan.
However, net loan grew by near 44B(QoQ), perhaps from the pressure of trying to meet up with the CBN requirement on LDR. ...and since prior net loan position hasn't delivered any noticeable return, pressure from LDR may likely persist in the short to mid term.

2 things are @ play here;

1) Prior provisioning(huge as it seems) hasn't come off with any impactful recoveries. As a result, higher loan portfolio have majorly brought about higher risk assets.

2) The bank has not managed to tweak their investment drive to help aid the shortfall of their unhealthy loan portfolio.

This 2 can only happen because management have either been playing pranks with the banks capital or are grossly INEFFICIENT !!

FBNH should be 'approached' with CAUTION !!
...AsY and AsQ has underperformed and @ the moment, there is no clear direction to growth trajectory.

Enough said.

Mcy56:


Yayira, you're an unrepentant LIAR! So you've even being secretly following/monitoring my profile.
People were discussing/arguing about Japaul or something and this guy, nio made a comment with which you replied harshly. I told you not to fuel the argument but you snapped back at me not to mention you again which I did. What's the insult or offence there? I had to go dig what actually happened self.
So since then you've been nursing wicked thoughts! H.e.l.l f.i.r.e. awaits you!
I wasnt even part of your talk with onegentleguy! He apologized and I told him he couldnt have being the reason you left.
You will kee yourself over this Mcy who doesnt even know you exist pass the page of Nsempa thread o.

I was begging and still begging but NO , you won’t respect yourself because you are a pest !

currentprice:
woman eenh ^{yeriya v mercy}

funny be say both never meet before o, never see each other pic. even if they waka beside each other on the road today they will not recognize each other. i wonder y the bitter

Women - can't live with them. can't live without them.

I still can’t understand the sense in the fight between yayira and mcy56. Like @currentprice said having such unstoppable e-fight on a faceless forum like this and without knowing each other from Adam is really amusing.

I think you ladies are just infantile and really need to grow up. Even when we offend our creator he forgives us. So I don’t know why the duo find it very difficult to bury the hatchet.

Let peace reign. We are here to only make money that’s all!

bigjay01:



Didn't they take a hit on seawolf loan of over 150m USD (N99B) a few years ago. I fact, rumours had it that ogas chop clean mouth on that one

Nigerian CEO looking after themselves since 1914

http://odili.net/news/source/2010/jan/21/403.html

Of course, nobody went to jail. The problem of first bank is the group chairman until he is sacked and the board reconstituted the bank will continue to be a shadow of itself

onegentleguy:


On the part in bold, u may not be far from the truth !!

I did mention in my analysis of the coys 2018 YE financial print that over 41% of key loans could not be accounted for in that result.
The bank(FBNH) was the only 1st tier entity to get a forbearance from the CBN on the implementation of IFRS 9 guideline, yet its qualifying capital benchmarked against its total loan portfolio(CAR) has been CONTRACTING. ...YE 2018, Q1, 2019 and H1, 2019 all witnessed series of contractions.

Fresh findings;

Looking @ their H1, 2019 report last night, I noticed that the slight decline in NPL(to circa 14.5%) was mainly because the loan to Atlantic Energy(a key exposure) has been written off(probably effective from prior yr). ...that write off alone was over 126B. ...which was why there was a reduction in gross loan.
However, net loan grew by near 44B(QoQ), perhaps from the pressure of trying to meet up with the CBN requirement on LDR. ...and since prior net loan position hasn't delivered any noticeable return, pressure from LDR may likely persist in the short to mid term.

2 things are @ play here;

1) Prior provisioning(huge as it seems) hasn't come off with any impactful recoveries. As a result, higher loan portfolio have majorly brought about higher risk assets.

2) The bank has not managed to tweak their investment drive to help aid the shortfall of their unhealthy loan portfolio.

This 2 can only happen because management have either been playing pranks with the banks capital or are grossly INEFFICIENT !!

FBNH should be 'approached' with CAUTION !! ...AsY and AsQ has underperformed and @ the moment, there is no clear direction to growth trajectory.

Enough said.

read sub 3

Coolcash1:
I still can’t understand the sense in the fight between yayira and mcy56. Like @currentprice said having such unstoppable e-fight on a faceless forum like this and without knowing each other from Adam is really amusing.

I think you ladies are just infantile and really need to grow up. Even when we offend our creator he forgives us. So I don’t know why the duo find it very difficult to bury the hatchet.

Let peace reign. We are here to only make money that’s all!

With access' aggressive ambition, one day they'll come knocking.

Impossible is nothing

TraDeRR:
I was begging and still begging but NO , you won’t respect yourself because you are a pest !

Character is like a smoke........You didnt start your insult today afterall, so its not new.
Stop obsessing about me .
Maintain your lane here. Dont quote me again and I will do likewise.

pluto09:



It was not only FBN that had that run in price at that period of time.
Some stocks with worse fundamental even did better in term of price appreciation.

For now , FBN is still lagging behind.
Among the first tier banks, they have the worse fundamental. And why would anyone buy now when we have better options if not because of the name and sentiment. This however does not mean FBN cannot return a higher percentage in term of capital appreciation.

Bottom line, we must all be able to define what we are to buy...we could be fundamentally, technically, sentimentally, spiritually driven...

Please check what i wrote again,i never said FBN is a buy now,(i hardly make recommendations anyways),all i do is just drawn attention to stocks which i feel needs to be closely watched (HAVING A STOCK ON A WATCHLIST IS QUITE DIFFERENT FROM A RECOMMENDATION.)A stock can always be on a watchlist for as long as possible until when one feels that the criteria on his or her checklist has been fully/partially fulfilled in order to start taking partial positions

Mcy56:

You don see the result of the polygamy you're practicing bah. You too help Ur portfolio by extending her days to weekends na.

TraDeRR:


I was begging and still begging but NO , you won’t respect yourself because you are a pest !

Please make una follow peace. Try to use Peteru as a case study, despite all the insults thrown at him, he wouldn't retaliates but will give us some meme's. I beg you, make PEACE reign.

Agba love Mercy
Me love Yayira

Enjoy your weekend all!

I really wish she can keep to her words.. I’ve soooooo wished for this. Please disappoint me this time around and not quote me forever again.. and also no nasty indirect shading.. whether to me or anyone here..

Excuse me sir, 2 fighting.......

I dont even know which "stock " i should pick now, either Yariya or Mcy56.Both of them seem to be on full bid .

But on a lighter mood, life is too short to be engaging yourselves in this kind of acts.Both of you have been great contributors to this thread,although with different views and approaches towards stocks (i personally have benefitted from both parties)

We cant all have the same views or strategy,while i have observed,a lot of value investors here,there are also, growth investors,momentum investors,speculators,and even spiritual investors here.The bottom line is ensure your strategy is making money for you and never force anyone to adopt your strategy.

Stock investment should be fun and more like playing a game,what we try to do here is just trying to outsmart ourselves, through different strategies,patience,greed ,fear,and learning from mistakes.

PLEASE LET'S LEARN TO TOLERATE EACHOTHER.

Pst veecovee we no see you now o,this is when we need you,evangelism begins at home.

Oga Loco hope you have seen Zenith Alert.

jamace:
Excuse me sir, 2 fighting.......

Our weekend Wrestling heavyweight title

Two very intelligent women fighting

Two smart NSEMPA women reps tearing at each other

Yayira I love and admire you honestly but please abeg.

Mcy, abeg Yayira doesn't wanna be friends and it's perfectly ok but me , I want to be your friend. Can I possibly replace Yayira? She's from South Africa you know and I'm from Somalia..

Anytime you remember Yayira just switch me and say or do anything you want..no problems

You two are wonderful girls...don't be being like that

purleesh:
Two very intelligent women fighting

Two smart NSEMPA women reps tearing at each other

Yayira I love and admire you honestly but please abeg.

[b]Mcy, abeg Yayira doesn't wanna be friends and it's perfectly ok [/b]but me , I want to be your friend. Can I possibly replace Yayira? She's from South Africa you know and I'm from Somalia..

Anytime you remember Yayira just switch me and say or do anything you want..no problems

You two are wonderful girls...don't be being like that

Babe no carry ya own enter the mix o. Just leave them

bigjay01:


I still have UBA bought at 2.95 on 12/02/15

Me I be hoarder ooo. Na so I still de hoard 200k units of Big treat to mention but a few. All na school fees receipt of 10yrs+

you mean you did not take profit at 9 naira? why ?

do you regret not selling high?

Agbalowomeri:


Babe no carry ya own enter the mix o. Just leave them

Ok sir but I don't know where all these quarrels are coming from nor do I wanna.

Let whatever will quash that be.

Witches:


you mean you did not take profit at 9 naira? why ?

do you regret not selling high?

Was it 9 or 12 sef

Access & UBA result is making me unhappy with holding my Fidelity.

Access looking like future GTB in retail banking
UBA looking like future Zenith in Commercial banking

If UBA can come lower, would add more units and wait for mark down to enter Access!

purleesh:


Ok sir but I don't know where all these quarrels are coming from nor do I wanna.

Let whatever will quash that be.

Me and you fit form committee on the matter

emmanuelewumi:








Onasanya did not work alone, FBN started having issues when the current chairman took over.
I am surprised at the level of damage done by Onasanya (who is a pastor in one of the biggest Pentecostal churches in Nigeria) together with his cohort did to FBN.

A company Atlantic Energy got as much as $250 million loan which went bad, unfortunately when an average small business needs a loan of N10 million from FBN there is a very high probability that the loan with not be approved...


FBN refused to embark on an aggressive debt recovery drive, because most of the loans that went bad are insiders related. The loans were not intended to be paid back when they were granted.

FBN had a very bad deal under Onasanya. Even in 2000 when FBN lost over $100 in the Investors international limited deal during the failed privatization of NITEL things were not as bad as this. That was in an era when Zenith Bank, GTB cannot single handedly finance a $100 million deal. The shareholders funds of Zenith Bank and GTB was not even up to that.

This shows that it is not now that FBN have been gambling with depositors and shareholders funds.


The worst part is that the bank did not sell the so called toxic loans to AMCON, since the bank is so lacadicical concerning the recovery of the loans.


FBN does not have core investors as we have in Zenith Bank, Access Bank, GTB, therefore no one to caution the reckless behaviour of the banks management.

The CEO of Access Bank has substantial holdings in the bank, therefore he will go after the banks debtors. Unlike FBN that is more or less like government property, everyone is talking his or her own share of the national cake.

No bank in Nigeria can survive what happened to FBN in the last 5 to 6 years. The have written off hundreds of billions of naira in the last 3 years and their is no light at the end of the tunnel, who does that?

Tomorrow somebody will tell having key man in a business in Nigeria is a disadvantage ........ O boy just run a common store and put an Afar to run d store and u will see Enron film trick right b4 ur eyes

Ova CP, @ what price will u start touching Dang Sugar......Or do I gently wait for November and start buying by then

Agbalowomeri:


Our weekend Wrestling heavyweight title

The contest should be

GTB VS ZENITH

UBA VS ACCESS

FCMB VS FIDELITY

UNITY VS WEMA

Mcy56:

You don see the result of the polygamy you're practicing bah. You too help Ur portfolio by extending her days to weekends na.

@CP do you know when I gave people on this thread the first buy recommendation on that stock?

Do well to quote Agba's post on the first call or recommendation he made let me see whether I am wrong.

1. You don't have to attend every argument you are invited to.

2. Because somebody is full of drama does not mean you have to stay and witness the performance.

Both quotes above have served me well in this life. Wish more people on this thread will adopt that attitude.

bigjay01:

Na so I still de hoard 200k units of Big treat to mention but a few. All na school fees receipt of 10yrs+

Do you still have the share certificate(s)? If you don't it won't be a bad idea get back the certificate and have it framed and hung on the wall. An eternal reminder of your battle wounds.

purleesh:
Mcy, abeg ...... , You two are wonderful girls...don't be being like that

Lol. Thks sis.
I see everyone as a friend anyway. We have common goals here and I do admire everyone working hard to make a living (legally).