₦airaland Forum

DeRuggedProf:
But it will soon miss the REgional for NOgional.....
My people say you can bring a cricket under control only through squeezing it's head...
Fidelity that almost stood no chance some few years back can even buy this bank.
Any bank that buys Diamond should be treated as a patient who mistakenly took a heavily poisoned pill.
It will have to be in ICU for a while...
The acquiring bank will then discover how much damage the internal organs withstood without abandoning post.
Next will be rights issues..

maishai:
flourmills have blamed their drop in revenue mostly on the apapa gridlock,i believe this also affected dangote sugar and nascon. As we enter dis bonanza period let brethrens that live in Lagos pls update us on when this apapa hold up has cleared, I heard dangote is building another road down there.......I will base my buying decision on any business @ apapa on this

dipoolowoo:
If not for pride, Diamond Bank should just use the strategy Wema Bank applied to stay afloat; changing its banking licence status probably to a regional bank before upgrading again to a national licence. But Uzoma that I know will not consider such.

fxuser:
throwback to 2014:
Global alternative asset manager, The Carlyle Group, invested $147 million in Lagos-based Diamond Bank PLC. The Nigerian financier said this in an official press release on Monday. The investment which came through the Bank’s recently completed $305 million rights issue, is set to improve Diamond Bank’s Tier 1 capital. This will strengthen both its balance sheet and support the bank’s continued growth plans.

“This investment is a testament of the Bank’s strong brand and success over the years, particularly in the Retail/SME space,” said Uzoma Dozie, Group Managing Director and Chief Executive Officer of Diamond Bank.

4 Years After:
Carlyle is not Happy . . and wants MD out ASAP before injecting funds nxt yr ! (They own 20%** ish of d bank , so dem get mouth for board)

Why d Acquisition/ Rumours:
Sharks can smell blood in d water, deriz no better opportunity than a disgruntled large shareholder. it's not only access looking ! MD is been difficult so game may get a lil dirty to get things moving

Lemme stop here

DeRuggedProf:
https://trwstockbrokers./2018/11/12/red-alert-technically-insolvent-unity-bank-has-a-n242-billion-hole/

Mpeace:
https://nairametrics.com/access-bank-denies-plans-to-acquire-ailing-diamond-bank/
Oya go and buy back what u sold.

stcool:
You have said it all. Let me start by saying our leaders and regulators are the most wicked on planet earth. They just rubbed investors of their hard earned money. They were several red flags but they pretend not to always see it and would not act even after been confronted with evidence. It all boils down to politics of interest. Corruption is everywhere from Aso Rock to me & you here on nairaland.
We may say thank God I was not affected, but as at today several listed companies are showing similar signs with red flags -Diamond, Oando, etc. but instead of the regulators to call the management to order and sack where needed they are again acting dumb to the detriment of minority shareholders.

1. Going forward I have decided to throw NSE & long term investing into the dustbin
2. Delay your result, that company will never see a dime from me.
3. loss in FY audited you will not see a dime, even if you declare profits in un-audited Quarterly result
4. If you want my money, you must declare progressive profit in both quarterly & audited result.
#QED

In light of this reevaluation, I would offload every single stock I have with Diamond bank plc on Monday, until Mr. Uzuoma gets sense. A stitch in time...saves nine. Only my Zenith bank is worth keeping atm.

tritritri:
@Cadillac15 That is a lesson for all us..Monkey hunting everywhere...he was shouting full bid on diamond more than 5 times only for him to sale at the same time and start wishin others well. I pity newbews ...The last person who did this was LOCO...he called it WISDOM.

@Yayira So u still don't understand ?

Yayira:
Cadillac this one wey you dey quote Stcool without writing anything

Mcy56:
Yeah I know, just an assumption.
I'm sure it'll be much more than that. Maybe 200 Diamond to 1 Access.

Cadillac15:
https://nairametrics.com/i-am-not-a-politician-fiery-emefiele-rebukes-critics-at-cfa-summit/

Emefiele insist on defending the Naira. No devaluation in the near future.

anjilgreat:
7500 units of intercontinental bank for 250 units of access bank was the price I paid after Access bank acquired my Intercontinental bank shares.

Mpeace:
17million bid vs 900k offer. I wonder why fidelity is yet to go on full bid.

currentprice:
Even when it is clear that access is going to rape the bank. 1 for every 50 something of diamond.

If u say access will go on full bid it might make sense to me

tritritri:
diamond bnk on full bid ? haaa guess dat was an error.

Calebbold:
http://thenationonlineng.net/talks-on-for-access-bank-to-acquire-diamond-bank/

Access bank to acquire diamond bank...how true

Mpeace:
Oil neve reach 60$ na. Its still 69.85.
These dayz, I find myself monitoring Oil more than anything. Hmmm wetin dey do me sef.

Chibuking81:
Bonanza group are gradually welcoming some early stock in their seating position, many to join soon.
Diamond, FMN, Dangote Flour, Eterna, CCNN, Honey Flour, Afriprud, WAPCO e.t.c are gradually coming back home.

Zenith, GTB, UBA, ACCESS, Seplat, Fidelity, FCMB, Dangote sugar, JB, Nestle, Dan cem, Okomo oil, Presco, UCAP and many others will soon join the chorus.

More companies to join our stock to watch after bonanza period

maishai:
Revenue wise wapco is not doing bad, its just that equity holders share of the pie right now is non existent, wapco right now exists for admin expenses and paying borrowed debt, but i want to believe the new restructuring exercise they are carrying out.....by the time it start trickling down to equity holder they way the share price will move ehh......

Currently, I still expect wapco to go down more probably sub #10,as they will definitely declare loss this year, the cheaper you get it the better for long termers.....

phemmie06:
Sincerely speaking the impact of WAPCO has been washed away in Southwest. The way dangote is dominating means WAPCO has a lot to do. But who did WAPCO offend?

kolaish:
In a hurry to catch up with its counterpart DS

kolaish:
WAPCO; how down can you go?

tritritri:
Bros in this biz anything is possible.. do you think na by gud result alone ?

DeRuggedProf:
I will test the Fidelity of this market by giving it my heart....

STNWAUME:
Who NSE never show pepper
Don't you know Chibuking that always shouting bear! bear!! starting from Jan till Dec is simply a reflection the irrepairable damage NSE has done to his networth.

tritritri:
Hahaha Then U're the PDP of NSE.

Mcy56:
If you don't feel cool and make yourself happy, who will?