₦airaland Forum

Coolcash1:
Got an insider info that FBNH management has suspended recruitment, salary increase or promotion to allow the bank clear its toxic assets...That the housekeeping will last up to two years. So, those living in their wildest dream that the elephant will rise again in the short term should have a rethink. Except you are in for long term then you can invest in it.

Discl: I have good interest in the stock.

Last year info/event

makashava:
I fortold it no one took me serious. Happy trading

Just like some are now foretelling FBNH but not taken serious.

locodemy:
Amen.i am struggling to get to 50m units of fcmb.There will be big party the day i will reach that level and everyone here will be invited.Yes bro.........the future is very bright.

Thinking more of long term: Secret of building strong permanent wealth. I appreciate you.

PETERiCHY:
I have said it before the SAME GROUP of people that cannibalize both UnityBank and FirstBank are now routing for JaizBank.

So I'm seeing a dead ELEPHANT.

*ThE OcToPuS*

Smiles........ I had a bet that this will be your likely response.

PETERICHY, please what do you think of FBNH within the next one or two years?

TRANSNATIONAL CORPORATION OF NIGERIA PLC
UNAUDITED GROUP FINANCIAL STATEMENT FOR THE PERIOD ENDED 31 MARCH, 2017
MARCH 2017 MARCH 2016 N'000 N'000 Turnover: 15,767,796 13,192,829
Profit before Tax: 1,734,708 1,729,935
Income tax expense (238,373) (524,124)
Profit for the period: 1,496,335 1,205,811
Earnings per share (k): 0.91 1.12

DIAMOND BANK PLC (GROUP) AUDITED 31-Dec-16
31-12-16 31-12-15
EARNINGS: N212.4b N217.1b
PBT: N5.0b N7.1b
TAXATION: (N1.5b) (N1.3b)
PAT: N3.5b N5.7b
ASSETS: N2,049.8b N1,753.2b
LIABILITIES: N1,823.1b N1,538.6b
EQUITY: N226.7b N214.6b

CORPORATE ACTION
PROPOSED DIVIDEND: NIL
PROPOSED BONUS: NIL
AGM DATE: 19-05-2017
AGM VENUE: THE CIVIC CENTRE, OZUMBA MBADIWE AVENUE, OPPOSITE 1004, VICTORIA ISLAND LAGOS

holm:
I answered to this= What to expect from FY16 from FBNH, not the timing of the result. Trust me, I can't wait to analyse that result. I need all results from Total, Dangflour and FBNH like yesterday.

FBNH result likely showing up today.

DeRuggedProf:
JUST THINKING: Every year a stock does magic, that if one identified early, would have greatly profited him. Can we suggest and analyse to benefit us here? At times, some people may have hidden/insider knowledge or just amazingly interesting insights

Last year, DANGFLOUR moved below N1.00 to over N4.00.
I almost took a cutlass to question the elders in my village....
That journey was done through level grounds, hills and valleys. It was like magic. At times the fundamentals, at other times the Technicals threw us all overboard on that journey, our life jacket was our STOP LOSS and POSITION SIZES....

Which stock do we think will do this in 2017 or are all stocks presently overvalued?

Lets kick start an interesting discussion...

FBNH

duni04:
EPS for q3 was 117k, 17% lower than the 138k they declared in q3 2015. Except you're expecting them to fork out the entire q3 earnings for you as dividend....
Bloomberg puts their EPS ttm(summation previous 4 quarters) as 37k. 15k will be a miracle from this EPS.

Bloomberg? I suggest you depend less on them for info.

kentoto:
For some investors/traders, na yield oh. i have a feeling the will drop the result on Friday after market hours

k

Likely 26th

SamuelSNR:
https://www.thisdaylive.com/index.php/2016/07/31/our-loan-portfolio-is-a-reflection-of-how-integrated-were-to-the-economy/

This restructure was done long after this news. Loan repayment has also started. I am only asking how this restructure will impact on shareholders ROI

sky2891:
Since AITEO's loan has been restructured, how will the ELEPHANT handle the previously provisioned amount?

Please, I need answers to this question.

Godisfaithful:
My brother, elephant might surprised you lol

Since AITEO's loan has been restructured, how will the ELEPHANT handle the previously provisioned amount?

please, what time is NSE closing today?

locodemy:
First buy the one that almost bears the name of your moniker.

Smiles

Please, Which stocks do we look out for in 2017?

Which stocks do we look out for in 2017?

Tritri:
@All there's been rumor about stock market crash in 2017 , if this happens to be true do you think it will still affect NSE even though we already in recession .

''He that is down needs fear no fall''. NSE has not boomed so where is it crashing to?

kentoto:
People, for FBNH , I hear the MD is on suspension oh, for in authorized approvals,

These guys are all the say, they enter on office on change mantra, to end up doing the same thing.

Looking at FCMB full time now for a pull back to enter.
K

Please, Source?
I contacted a high ranking stsff of the bank, who said its absolutely not true as M.D. just gave them an update of the board meeting on Wednesday.

ihedioramma:
EPS of oando and fbnh please (Chibuking81/Intendy)? . what of fcmb? . born 2be rich come and take your food oo (oando) .

FBN Holdings PLC declares 42,517bn in Q3 Results. PAT dropped by 15%. EPS 1.17

fxuser:
Quick Look Back
Post ''Good'' Q3 Announcement -UCAP 2.46 (down) -GTB 24.15 (flat) -Zenith 14.9 (flat) -UBA 4.19 (flat) - Presco (Up)

d bulls be like YIMU, however a poor Q3 will not be tolerated by Mr bear

#JustObserving

Please, if FBNH Q3 PAT becomes higher than UBA, do we term it a good result?

rebekah2011:
I support that, fundamentally the storm is not yet over. Why is the bank afraid of issuing interim audits.

This week. Likely before or after the FBNQuest investment summit on 27th

locodemy:
ISSOKAY

However, let's see what the Q3 result will look like.

angelo82:
FBN price has remain too low for long time and early next year it might go down as low as 1.80Naira unless there is improvement in their balance sheet.That bank really need some great news to move up so that the rest of the banking stocks can move too.

The worst days of FBNH has come and gone.

teeboy95:
AWR - Awaiting Regulatory Approval
Placed on Stanbic shares this morning

please, what is the meaning of MRF?

angelo82:
Not a bad result.

Despite the challenges facing the banking sector. Worthwhile result and transparent this time with the impairement.

kentoto:
Oops sorry, it's Q2.

FBNH H1 POSITION:
Gross earnings: 1st.
PBT/PAT: 4th
Liquidity: 1st (CBN even lifted about N135b from FBNH to assist SKYE)
Impairment : Not good, about 64b H1
other comments H1:
FBNH mgt has done a good job in reducing operational expenses very well and this has helped the lapse on impairment to still maintain good PBT.

disclaimer: not a recommendation

Willie2015:
It is simply not a walk in the park for FBNH to restore investors confidence, have strong risk management and Corporate governance etc etc. It is simple on paper but takes time in reality and equally not funny when you have the highest exposure to Oil & Gas sector in the current economic climate, coupled with tight industry competition and a highly regulated sector.

I will only worry about long term holding if I have the fund like Dangote or Buffet to buy substantial stake. I dont have the time to wait for mgt to perspire, when I can make cool dough on some other stocks. Once I make 100k - 200k on a stock, I simply take my gains and move on.

H1 result will help a lot in making concrete decision about FBNH. Let's just wait for it.

ihedioramma:
First Bank emerges Best Retail Bank in Nigeria .

Also expect impressive H1 2016 PBT from same bank.

Please, house, kindly assist me with this question.
Assuming FBNH releases their H1 2016 result, What will possibly be the market reaction if there is no improvement in impairment charges due to loan losses but good improvement in cost reduction (operational expenses) and an impressive PBT yoy result in comparison with H1 2015?

OBAGADAFFI:
Please remove Transcorp, FBN and livestock from your list, because they are likely to underperform.

What are these companies duing, to increase INCOME and reduce EXPENSES ?

FBNH Q2 PAT will amaze a lot of people.