₦airaland Forum

iammo:
Father and son time

Chioma made the right choice allowing Davido to access his kid after the break up, unlike some bitter women

You just spoke my mind.

God bless Chioma

Transcorp is about to buy another power plant in Nigeria.

This will not make me to buy Transcorp shares sha

Mfunkynation:
No need to Insult Samguru... He has been a informant for us here..
just bring the 5m unit on Tuesday let me follow feast on it...
#WeAreWaiting
#SamGuruMustNotBeInsulted

It's a good buy

Leggitsam:
How many units of CAVERTON can you buy in your working years
I am 100% sure, you can't buy 100,000,000 units.
Noise maker.
If you are ready to accumulate CAVERTON, I am good to release 5,000,000 units on Monday via Meristem.
I expect you to mop it up at market price.
Mr accumulator.

"In my lifetime" is an insult.

Please retract that

Leggitsam:
How many units of CAVERTON can you buy in your working years
I am 100% sure, you can't buy 100,000,000 units.
Noise maker.
If you are ready to accumulate CAVERTON, I am good to release 5,000,000 units on Monday via Meristem.
I expect you to mop it up at market price.
Mr accumulator.

Please DM me.

I am buying at a discount sha ooo

locodemy:
If what I have in Transcorp were carverton...........chai

Loco stop this nah!

Okay send me your akkant details let me seal your mouth

locodemy:
Do you think it's easy to get 500k units of Caverton and above?
If you try to queue with volume of bids, the offer dries immediately.
Get ready to pick those 10k,5k,20k units available at the highest price of the day.

Now that caverton release a good Q1 result, You may not see the stock to buy below #2 from Tuesday.

I am interested in caverton if the price comes around 1.80 again.

Better to play it here than all these banking stocks.

It is another vitafoam I am seeing at nse.

Loco
Me and you go fight oooo

You know say I dey accumulate Caverton you come dey tell people to buy Caverton.

Fidelity bank dividend don land too

My Access bank dividend don land oooo

bigjay01:
Does anyone remember the Seawolf loan saga?
He who has ears...

I remember my oga

When FBN seized the assets of the company and brought one of the assets to marina jetty abi?

emmanuelewumi:
Your dividend is your own, my dividend from Zenith Bank grew by about 300% in the last 15 years.


Earnings can be audio, dividends are not.

UBA earnings are audio, the bank only paid the amount approved by CBN

Do you know that CBN is happy when bank declares small or no dividends?

emmanuelewumi:
I gave instance of Tony based on the annual reports, kindly give that of Jim based on the financial reports of the Zenith Bank.

If you watch tony body language during the AGM ,he could not respond to the question raised on reduced dividend rather he pushed it to kennedy and Kennedy said they need money to make more money for shareholders and that shareholders will reap more from their investment.

Jim Ovia,no get time for shareholder,watch him closely during AGM,he does not smile like Tony use to.

emmanuelewumi:
Otudeko is owing close to N80 billion, that can't kill FBN. CBN would not have allowed them to pay dividend if the situation is so bad.


In case you guys don't know e get why UBA paid a very poor dividend, a lot of audio earnings.

Do you believe the audited reports of all these banks reflect the true happenings in the banks?

Before before,
Banks circulate money among themselves and picked different financial year end.
For instance Bank A gives money to Bank B to shore up her book for reporting and after reporting Bank B gives the money back to bank A.
The expanded discount window was used to perpetrate this act not until,when sanusi came and closed down the window and compelled all banks to have uniform financial year end.

At the introduction of this policy by sanusi,banks dividends dropped drastically and all banks carry their crosses.

The banks that are not liquid enough used Euro bond to add flesh to their bones while the ones that are liquid to some extent usually retain over 60% of their EPS to keep building reserve.

The basel III was launched to ensure that reports of these bank have small integrity.

So my brother,all these profits our banks are reporting are not 100% believable.

emmanuelewumi:
Please you can't compare Zenith with UBA.

Can you tell me Jim indebtedness to Zenith


You saw the last q1 result of United Capital, the company spent a whooping N175 million on AGM who does that.


Before shareholders complained to SEC, APR was paying N100 million to Heir for fund management. Who does that, no be to buy Treasury Bill and FG bonds. Why pay someone N100 million as fund management fee.

I pity people who are heavy in UBA sha

Ema,
If our CBN examiners enter zenith today,they will rubbish the bank and you self go open your mouth and say "so these frauds they go underground"

Forget the happenings in Tony's world and just swim along.when you get to your destination come down and leave Tony and his properties.

emmanuelewumi:
Those banks were to be recapitalized, CBN pumped N400 million into those banks. FBN problem did not get to that level.

FBN was out of the wood due to the current management, Otudeko want it to go back to the wood for his own benefits. CEO was not ready to play ball, so the board in quote sacked him without due process.


Emefiele had to stand by his colleagues, a fellow Bank CEO.

When FBN lost $100 million in the IIL deal about 20 years ago, they sacrificed the CEO. Instead of all the board members to be sacked.

20 years ago, the combined equities of GTB and Zenith Bank was not up to $100 million

I hope you know the first assignment the new board will embark on is to open the wardrobe for the world to see the dirty things happening in the bank.
Case in point, intercontinental bank case was not that terrible but Mahmud Alabi (CBN appointed CEO of Intercontinental bank) exaggerated the matter and portrayed intercontinental bank as the bank that has spoilt beyond redemption.
Don't forget the same bank access acquired at tasere money catapulted it to the league of tier 1 bank .

emmanuelewumi:
UBA needs CBN, SEC and EFCC torchlights and investigations

Oga Ema,

Tony and Jim sabi political banking wella and they play it well with those political giants at the corridor of power.

If you don't know, Emefiele loyalty to Jim still dey strong kakaraka

Why do you think Tony is acquiring government assets with ease.?

That is why the duo returned back to their banks as chairmen.

This guy in Access bank too may come back to chair access bank after his tenure.

SEC oooo
NSE ooo
FRC oooo
CBN ooo

All of the regulators will continue to spare these actors in the banking space no matter their level of shenanigans.

Besides,why do you think access bank rushed to drop #1 billion for Cacovid project?

Biafran4life:
So because they sacked board and replaced with new ones.And it has been confirmed here that the old board is the reason for poor performance of the past.Oga no body is selling unless you have other reasons.We just received our dividend yesterday

Haha My oga wetin my small pikin sabi.

Abeg no vex,enjoy your ride to KM 20

ukay2:
Why?

Don't think it will get to that level

.....is possible sha oo

It happened when CBN sacked the boards of intercontinental bank,oceanic,Bank PHB,Finbank,union bank and Afribank.

Though they later lifted the suspension sha.

History may repeat itself

NSE may also place First Bank on Technical suspension

yMcy56:
What's the implication(s) of the sack?
Is it not to save the bank?
Just asking cos I don't know ni.

Safe the bank kee?
Those interim board members will come,chop and go at the end they will come up with useful report that first bank is distressed and CBN will come in as usual to bail it out.

Access bank and zenith bank, CBN is preparing your meal ooo

Shareholders of First Bank on NSEMPA,I hope you have exited your positions in First Bank as I advised?

If you have not please do sharp sharp tomorrow morning.

If you have shares in honeywell flour mills PlC try and reduce your position too

Fly wey no dey hear word go follow dead body enter grave ooo.

I wish all good luck

OBAGADAFFI:
CBN can not sack the entire board.

They might go to court if the issue lingers on.

How far

PETERiCHY:
Upon we cut SOAP give LOCO,
Still yet his VILLAGE PEOPLE didn't allow him use it

ijeUwa

Abeg cut soap for me

OBAGADAFFI:
CBN can not sack the entire board.

They might go to court if the issue lingers on.

It has happened in the past

CBN may do so as the bank is of systemic importance to the nation.

Stay off FBNH now!

CBN may sack the entire board of First Bank and once this happen,shareholders will suffer.

locodemy:
It is you and your broker that needs blame not the registrar.
Ask for transfer form from your broker .You will need to sign only in two places and send back to your broker. Your broker will fill other required info in the form and upload to cscs which takes about two weeks

Thank you my chairmo,

Two bottles for you when I cash my dividends

I need help oooo

Atlas registrar is playing game with my Flour mills and NNFM dividends.

I was told to get signature specimen from CSCS through my stockbroker and my broker told me it's not possible that I should get a banker's confirmation and send to them.

I processed a banker's confirmation and sent to the registrar,they rejected it and asked for specimen signature from CSCS through my stockbroker.

Please who can help me out on what to do next?

Let's take a break from profitless investment in Transcorp jooor

Okay nah,


FBNH at #7.40

UBA at #7.40

ACCESS Bank at #7.45

NSEMPA if you have plenty money now and you are allowed to buy just one of the above,what are you buying?

yMcy56:
FIDELITY Q1 2021
https://doclib.ngxgroup.com/Financial_NewsDocs/33127_FIDELITY_BANK_PLC%20_QUARTER_1_%20_FINANCIAL_STATEMENT_FOR.pdf

UNION HOME REIT Q1 2021
https://doclib.ngxgroup.com/Financial_NewsDocs/33126_UNION_HOMES_REAL_ESTATE_INVESTMENT_TRUST_(REIT)%20_QUART.pdf

Good result from Fidelity Bank

locodemy:
You said MIL or BIL?

Sorry

Billion

I don't think transcorp really worth all these banters here and there.

A company with outstanding ordinary shares of over 40 billion and the management is not thinking of share reconstruction neither share buy back.
All they do since they got listed is to reward shareholders with beggar's dividend.

My people,If you are in transcorp bus,just keep it for your grand children as I don't see transcorp performing any magic in our generation.

palmshots:
I got a mail for Transcorp AGM that will take place tomorrow at Maitama, can someone attend physically or it's only virtual as I stay close to the venue so I plan to attend

Virtual