₦airaland Forum

pluto09:
What you quote here is from oga wanaj0 ...

Thanks a lot..

mendes911:
Diamond Bank - Digging deeper and searching for oil in Sambisa Forest!

What can turn around the predicament of Diamond Bank from bad to good?

Mcy56:
No be me o. He no fit get woundjurement if he follow me na.

Lol, I deduce from your statement that if a man (arduino) follows you, the man escapes wondjurement ..

Amazing reality.

PETERiCHY:
Considering developments in the company and strategies to drive expansion and growth, we foresee a higher earnings power at the end of 2018 that would drive the price and offer dividend to shareholders in the coming years.
The stock is currently selling at 42 kobo, indicating a huge intrinsic value for discerning investors, especially considering that the Book Value is currently N1.26 per share, while Price/Book Value of 0.38. This means that investors are paying less for the company’s intrinsic value.

With the progress recorded in recent years and the first quarter 2018 earnings report, there is an indication that the company would beat its earnings forecast for 2018. This is based on the fact that government at federal and state levels are eager to concentrate efforts on improving the nation’s health care system.
The current Book Value at N1.26 per share and profit margin of 22.42% signify that the stock is undervalued, just as its Net Profit Margin of 22%, indicates that from every Naira generated from sales, 22 kobo is retained as profit.

https://investdata.com.ng/2018/06/union-diagnostic-set-dividend-payment-accumulated-losses-decline/

If the above report is TRUE
then their shareholders should be ready to kill cow and cook new soup come July 2019.

BARGAIN HUNTERS TAKE NOTE!

*ThE OcToPuS*

Like Pluto09 will say, who are their competitors? Are they the market leaders? Do they have a monopoly of the market? Have you entered UD outlet lately to see for your self?

Can someone help with these cos I have never been to UD before.

See how beautiful Diamond Bank website looks...

soloniger:
DON'T BE LIKE A FROG .(for those averaging down)

Put a frog into a vessel fill with water and start heating the water.

As the temperature of the water begins to rise, the frog adjust its body temperature accordingly.

The frog keeps adjusting its body temperature with the increasing temperature of the water.

Just when the water is about to reach boiling point, the frog cannot adjust anymore. At this point the frog decides to jmp out.

The frog tries to jump but it is unable to do so because it has lost all its strength in adjusting with the rising water temperature. ery soon the frog dies.

What killed the frg?

Think about it…!!

I know many of us will say the boiling waer.
But the truth about what killed the frog was its own inability to decide when to jump out.

My Dear, we all need to adjust with situations, but we need to be sure when we eed to adjust and when we need to move on.

There are times when we need to face the situation and take appropriate actios.

Let us decide when to jump…!!

Let's jump while we still have the strength.

Let's jump when water is not at the boiling point

Hmmmnnn... Nice one.

My stop loss takes away all my emotions. It simply translates my emotions to -5%.

GonFreecss1:
ah! dammit! I really entered this one! Swilo nice one (expect payback bro... hahahahahahahahahahahahahahhahahahahahahaha), he swilo'd me well. Thanks for the heads up bro, so it's basically just bots? sigh I was swilo'd hook, line and sinker.

Lol, though you knew I was joking. Lol...

Ok,

We will temper justice with Mercy56.

Just that 4 different moderators have been assigned to monitor you alone. So it is not my fault.

GonFreecss1:
When did talking about c****o become promoting it? I have never advertised about it or posted links about it or told people to contact me. I have never spammed about it, I only gave my opinion about it. Or we can't have an intelligent discussion about it? I see others mentioning it without getting a ban. Why me then?

There are people who advertise and never get banned. I feel it's a prejudice against me from the Treasury bills thread that moved on up here, all because I gave my opinion about something. I know myself very well and I am a very principled guy. So the people who reported or banned me, should at least point out where I promoted it or advertised. If they can't, I deserve an apology from whomever is responsible. Feels like abuse of power to me. It's really annoying and unfair.

I want everyone to weigh in on this matter, it's the most unfair thing I have gone through on any platform. I have experience on social media moderation myself, when did talking about terrorism make you a terrorist?

GonFreecss1:
At last! I am back. Lol! I don't know what I have done or who I offended in Nairaland. They are always banning me!

One moment I was quoting someone, the next moment I was banned.

16. Don't promote shady investments like betting, HYIP, MLM, FOREX, binary options, and cryptocurrencies on Nairaland or else we will ban

you again and this time throw the key into the ocean.

Mcy56:
Lol. Flying past or even staying completely away from the lane if its the kind of route I follow, especially as election is approaching.
Vee Someone should not come and quote me later o, na my personal opinion. I may be very wrong.

My dear what does a cross deal signify?

rebekah2011:
As long as a bank is in the business of extending credit facilities to its customers, loans provisioning will never stop.

Bad debt and provision for loans are two separate things. The banking prudential guidelines make certain basis to provide for loans, either it is performing or not. In recent times IFRS has also made the provisioning to be wider than it was before. A debt becomes bad when the individual or corporate entity who was given loan is unable to repay the loans after the terms agreed by both parties. So it is the provisioning that comes first, then it becomes bad and the bank will now decide to write off.

Banks give out loans out of the deposit made by the depositors or loans sourced from international finance agencies. So when loans go bad and it is written off, the depositors will still have to be paid. Provisioning will have to occur when the loan is impaired.

Thanks,

So provisioning is like a savings account (insurance)? From which the bank keeps part of its profit to payback depositors. Meaning the money is not totally lost until loan is impaired.

Help correct my reasoning / statements above please.

Who determines what to provision? Is it CBN or the bank?

Diamond bank UK subsidiary is worth around N100B, with this fund available and the acquisition of a national licence, is there a possibility that the bank's predicament can improve given the current state of its books?

I ask because I still plan to buy Diamond Bank by December. Thanks.

Question:

When does a bank stop loan loss provisioning?

Is it bad debt that increases loan loss provisioning?

If it is bad debt, why do banks not simply cancel the debts and regularize their books to reduce the provisioning?

Infinitisi:
Lol I traded cryptos for a little while with some small cash I had. A month later I left the remaining change with them

Same here bro...

mendes911:
Ndidi, all these guys with words no dey carry action. Ignore him jare. Look towards Agba!

Good advice but she wont adhere cos she is obviously dazed. Ndidi is definitely feminine.

Agba is the ogakpatakpata of then all..

Mpeace:
2000? This one is worse than bonanza gang.
Are u expecting election bear to hit bitcoins or what?

Bitcoin book of lamentations. Is there really hope in Bitcoins / Crypto?

Agbalowomeri:
Add Fast Track

Lol, nice one.

I can listen to it for days... it feels like been at sea.

currentprice:
picture copy from forex thread. chai! see how we fight mkt & emotions. you must be kingkong to get something out of this mkt


vvv
vv
v

Been meditating on the pic.

All newbies should keep this pic somewhere they can see it daily before trading...

Note: the P&L account of most traders on NSE is worst than JAPAUL result in the end.

Shannon Lay: Recording 15. (repeat mode almost a hundred times)

Should I forget you or should I hold on...

#Peace of mind sitting on the shoulder of the elders.

Mcy56:
Sarcasm it is. Is it not better to flee at the slightest sight of danger before arguing and asking questions?

Btw, diamond offer @95k so far = 103m+
Even if it will rally, does the massive loss worth it IF one have the opportunity of first escaping?

You are so correct. This is a case of no mercy. By the time 103+ goes round...

My perception of Diamond bank has suddenly changed. It looks like Wema bank to me.

Now I can accept Diamond bank @ 70k with ease, I have been struggling with that thought for 6months.

DeRuggedProf:
ACCESS had and still has interest in DIAMOND.
Take it from me.
The problem is that this deal MAY never happen because ACCESS has a wounded elbow (check their tasere dividends)
They are too sharkish.

I think so too. There is no smoke without fire.

tritritri:
@Yariya if i were U and i believe the rumor is fake.I will continue buyin more diamondbk

Yayira:
Actually “Amazing how fake media news can inflict such damage.”
Even after both banks came out to debunk such rumor.
This is why Trump hates the media

Dozie get him own blame but this sell off was triggered by that fake news

News is powerful.

Right now, I am looking for one palm kernel stock to load while I wait for the rain. Just that the waste bin is so full.

God bless CP and his CILeasing palm kernel.

Mcy56:
Diamond 111m offers.
When I said some were lucky to sell their shells xtyday, it looks somehow.
Is it not better to have something back from your sweat than to loose it totally. If skye shareholders were given such opportunity I know they would have made better use of it.
Back to watching mode.

Wow,

Amazing how one man can inflict such damage.

veecovee:
My dear, while many are making fun of it ... I do not feel comfortable with it.

I sincerely feel for those loosing their hard earned money there.

Take heart folks.

Dont even say this Sir Vee. Anyone still in Diamond Bank should not be pitied.

Agbalowomeri:
Just a hint
I have added agric futures market into my basket
Making loads of money there
Though considered more risky than stocks but in my personal view, it appears less risky since you can control your possible losses
Cheers

How do you trade agric futures?

currentprice:
oyel continue digging deep

profit taken

https://www.nairaland.com/4264120/forex-trade-alerts-season-18/94



cc bullbear
ccfxuser

The conversations on the fx thread looks as tho board of directors are making management decisions with each comment. That's why some monikers only post few lines, hard facts and stay quiet reasoning in their head and not their mouth.

Why does NSEMPA look like we are on the street?

Why is no one talking about Elliot waves again?

Time to take a week off to allow this dark cloud on some stocks fade away.

Time to digest the comments of some monikers here and improve my result analysis and understanding skills.

Mpeace:
I am in good position so no need.
Bought fidelity at Average 1.62, Transcorp average 1.12 and Oando at 5. Am holding all till May 2019. I expect a miracle in oando. A very big miracle.

I may have to join your miracle group. For now sha what I can support with is prayers.

Mcy56:
Lmao.
We no fit fight na. You know say you dey whisper exam answers to me during exam as per say you sabi book wella pass me for class.
Now you dey try to make me happy with the bolded even if na fake.

@Mcy, did you drive everyone away?

Mcy56:
Which one are you referring to? Uniondac?
They made profit and someone already mentioned that maybe the management hide under the admin costs to reward themselves.
In all the result is not bad as far as I'm concerned.

It is Japaul.

I thought to spy the result and was amazed at the success in running an administrative services company..

kolaish:
DF seems to be heading to N4, over 9m units on offer at N6. Buyers on the run.

OMG!! Chibuking..