₦airaland Forum

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UBA Plc Q3'12 Results: PAT soared by 430% to N39 billion
UBA Plc has just released its nine months ended September 30, 2012 results. Healthy growth continued in Q3, with gross earnings up 21.44% year-on-year to N168.200 billion and the bank looks on track to meet our FY N222 billion figure. PBT surged by 376.06% to N44.859 billion while PAT soared to N39.119 billion from N7.385 billion. However, quarterly earnings run rate declined, with PBT and PAT slowing by -17.73% and -9.29% respectively.
We note that operating efficiency and significant reduction in net impairment loss buoyed the profit line. On cost management, UBA continue to execute tighter operating cost with operating expenses slowing by 3.52% y-o-y to N75.015 billion.
Loans and advances came in slightly higher by 3.11% to N711.890 billion. Loan book remain subdued as combination of factors including, pricing pressure at the top end and attractive yields on treasuries, has resulted in less credit being extended to borrowers.
Deposits grew by 11.69% to N1.637 trillion; whilst net assets grew by 21.88%...

Many thanks

jamace: Welcome, brother. I'm all eyes and ears on this thread.

Dear Nairalanders,

I decided to open this thread as a way of guiding investors/potential investors in the equities market of the Nigerian Stock Exchange. The last boom-bust era was mainly characterized by improper or lack of investment advise to the investors.
This time around, with the new boom around the corner, I have provided an opportunity here for you all to make a wise investment decision.

You can post your comments and enquiries here and let's help you make your money work for you.

Please note that i'm rendering this as a voluntary, value adding service to this forum for users both home and abroad. I will respond to every enquiries at my earliest convenience and other professional analysts/traders are also free to respond. I will also make available, from time to time, important information on developments on the Nigerian Stock Exchange or market breaking news (including results and corporate benefits).

Thank you

Can you post pictures? And is it N4m for the two plots or each?

richykay: Virgin & dry 2 plots of land measuring 1262sqm is available for sale with receipt & survey plan title document @ oreyo area in ikorodu near agbalumo junction/abike dabiri house. Its free of government acquisition. Price is N4m & could be negotiated. For more enquiry, pls call 08184198987

What's the current status? Please give us an update.
Are you still selling

How much is Nissan Pathfinder 2007 and 2008 models?

Please beware of this guy called Sunny. He is not a good technician and he has a very bad customer service culture - he ignores call alot.
He did a very bad job on my Plasma TV and even complicated the initial problem after collecting N17,000 from me.
He signed a repair warranty paper which he didn't honour.
My best advice is to take your electronic gadgets to the Manufacturers repair center.
His "MONEY BACK GUARANTEE" claim is a big lie.

seal777: If quality repairs with Guarantee (MONEY BACK GUARANTEE) on all LCD's, PLASMA, AND ALL ELECTRONIC GADGETS through the finger tips of an expert with proven track record is what you want: Call these numbers for the best in service.


Sunny 08023169149 or 07066472001.

Home service also available for deserved customers based within or outside Lagos.

Where is your repair centre locate. I want to repair my LG Plasma TV.

Never!!!
I would rather vote for another candidate who doesn't have Goodluck as part of his name and will solve (and not only "improve") power problem.

Does the LCD display work for rear view during reverse?

Please how much will it cost to get either of 2005 Infiniti FX35 or 2004 Infiniti FX35 to my door step in Lagos.

Is this car still available? If so, what's your current best offer to a serious buyer?

Billyonaire: Clap for yourself for the award of the most stup!d Nairalander.

See the reason why you'll remain a "Billyonaire" for the rest of your life because you lick the ass of "Billionaires". MO-FO
Read between the lines and see the reason why many bankers indirectly lost their jobs because of the activities of "bank thieves" like Otedola who helped cripple our financial system.

Femi Otedola debt mess; Banks threaten to take over properties

Billionaire Nigeria businessman, Femi Otedola is currently battling five Banks over his huge debt profile , as they have threatened to seize some of his choice properties used as collaterals, if payment arrangement is not guaranteed within the shortest possible time, pointblanknews.com has learnt.

Otedola owes Zenith Bank N68 Billion, GTBank, 31 Billion Naira, First City Monument Bank, FCMB, 19 Billion Naira, Access Bank N15.526 Billion Naira and UBA N36.862 Billion.

The total debt of Mr. Otedola, the chairman of Zenon Oil is estimated to be about 168 Billion Naira (Over 1 billion US dollars) as at December 2010. The total asset used as security for the debt is said to be worth about N70 billion.

Shares used by Otedola as collaterals for his various loans are: 1.441 Billion Units of Zenith Bank shares 24.813 million Units of MRS Oil 14.163 million Shares of Mobil Oil 159.395 million shares units of AP (African Petroleum) Plc 67.053 million shares unit of AP PLC 1.775 million shares units of MRS Oil 36.4 million shares of AP PLC.

Properties used are: 5, Tiamiyu Savage Street, Victoria Island, Zenon Place, 13, Walter Carrington Crescent, Victoria Island, Zenon Apartment, 12, Temple Road, Ikoyi, Lagos, Zenon Court, 3B, Agodogba Avenue, Parkview Estate, Ikoyi, Lagos, Zenon Jetty, 13, Walter Carrington Crescent, Victoria Island, Lagos, Zenon Diesel Direct Station, 104/106, Apapa, Oshodi Expressway, Lagos, Zenon Diesel Direct Station, Ijesha, Lagos and Zenon Lofts.

Others are: 175,Sani Abacha Way, GRA, Phase II, Port Harcourt, Zenon Gardens, 872, Ozumba Mbadiwe Street, Victoria Island, 8A, Ogalade Close, Victoria Island, Lagos, Blue Waterfront Scheme, Lekki, Lagos, Plot 9, Block 80, Off Emma Abimbola Cole, Lekki, Lagos, 23, Mekunwen Road, Ikoyi, Lagos, Plot 100, Obudu Street, Off Aso Drive, Asokoro, Abuja, Zenon Petroleum Terminal I, Ibafon, Apapa, Lagos, Zenon Petroleum Terminal II, Ibafon, Apapa, Lagos, 18, Ladipo Oluwole Street, Apapa, Lagos, Plot C21, Industrial Road, Amuwo Odofin, Lagos, 1, Madiana Close, Wuse II, Abuja, Zenon Towers, 1, Cooper Raod, Ikoyi, Lagos and Zenon House, 2 Ajose Adeogun Street, Victoria Island, Lagos.

Various sources at the five banks told Pointblanknews.com that the management of the Banks are now fed up with tactics implored by Otedola to deny the banks of the loans he obtained to boost his business empire.

Otedola'a group had headed to a court claiming that the five banks have over inflated the debt he owe, alleging that some of the deductions made by the banks are fraudulent.

But the Banks dismissed his allegation insisting that his properties in highbrow areas in Abuja, Victoria Island, Port Harcourt, Ikoyi and other major towns in Nigeria would soon be seized except the former Billionaire and son of former Lagos State Governor has a concrete plan to pay back all loans.......

SOURCE: http://www.thenigerianvoice.com/nvnews/51977/1/femi-otedola-debt-mess-banks-threaten-to-take-over.html

Who says Femi Otedola is a saint?
I disagree because he is a business crook and has done more damage to Nigerians and our financial system than Farouk Lawan.
The following will make an interesting read for anyone who's interested in knowing his antecedents....


How Femi Otedola Milked African Petroleum (AP)-Clement Aviomoh
http://saharareporters.com/press-release/how-femi-otedola-milked-african-petroleum-ap-clement-aviomoh

Femi Otedola’s Financial Woes And Culture Of Default
https://www.nairaland.com/657851/femi-otedola-financial-woes-culture

Femi Otedola debt mess; Banks threaten to take over properties
http://www.thenigerianvoice.com/nvnews/51977/1/femi-otedola-debt-mess-banks-threaten-to-take-over.html

How Femi Otedola’s 36Billion Debt Wrecked UBA….Investors Groan
http://themetronewsng.com/how-femi-otedolas-36billion-debt-wrecked-uba-investors-groan/

I tire o!

Good

Recent

You can reach me on 08029726846 if you have any buying care for a plot of land in the Golden Heritage Estate, Mowe.

Recent

Quite alot has changed in the area. People are already leaving within the estate and the security post at the main gate is very functional as i was interrogated before being allowed to gain access into the estate.

Recent

Recent developments

It's difficult to compare Facebook and Nairaland except for the fact that they're both social media platforms.
One links you to your friends (and friends' friend) - and they make you smile always;
The other one links you to the whole world of varied emotions, culture and intellect - and they don't necessarily make you smile.

Nairaland is a great forum (one of the most clicked site in Africa) and i don't have a doubt that Seun has invented one of the most exportable ideas in Nigeria - kudos.

What is the mileage and asking price?

mac5: Vehicle Options

ABS,4-Wheel Disc Brakes,5-Speed ,3rd Row Seat,Adjustable Steering Wheel,Security System,All Wheel Drive,

Automatic Headlights,Climate Control,Cruise Control,Driver Air Bag,Keyless Entry,Leather Seats,

Passenger Air BagReading Lamps,Front Side Air Bag,Steering Wheel Audio Controls,V6 Cylinder Engine,

Passenger Air Bag Sensor,Power Door Locks,Power Mirror(s),Power Driver Seat,Power Steering,Dvd Player, 6CD Loader etc


FOR INSPECTION PLS CALL 08161178354
BB PIN - 22B61297

Can you send me price and location details to spec4man@yahoo.com

Another recent picture

Picture 1 of 6

Below are pictures of current state of development at the Golden Heritage Estate, Mowe - as at 27 April, 2012.

PA1982: 1) Who is a fake prophet
Answer- Anyone who claims to see the future. Anyone.


2) How do dey operate
Answer- Anyone can have a strike rate which will convince a lot of people.
That, and the fact that people tend to remember the detail that came true and not the many things which never happened.
Also the fact that people will twist events to accomodate a prophecy made in the past. Check out the Nostradamus prophecies to see a good example of this.


3)What criteria shd we consider b4 we say a person is a fake.
Answer- Do they claim to see future events? Then they are fake.

Enlighten us wt ur ansa b4 u talk. I.e make a Reasonable point.
Remember- in English, prophet and profit sound the same!

I'm sorry sis; I just felt so disappointed at your comments - above.
I suggest you read-only and not make further comments on this thread. Thanks