KarlTom:
Ote is the Chairman of FBNHoldings (as at today)
Tunde Hassan-Odukale is Chairman of FB

https://doclib.ngxgroup.com/Financial_NewsDocs/FBNH_-_NOTIFICATION_OF_APPOINTMENT_OF_SEGUN_ALEBIOSU_AS_ACTING_CEO.pdf

KarlTom:
The battle for the soul of First Bank continues.
Otudeko and Awosika caucus seems to have gained more ground with the 'removal' of Dr. Adeduntan.
I think Mr Alebiosu will join the Ote caucus esle it'll be very interesting to see what plays out in the coming days with the April 30 deadline by CBN fast approaching.

thebargainhunte:


I know it is suspension and not cancellation but the CP has to mature before the merger will take place na.

Streetinvestor2:
Says who.Dont alhaji have right to change his mind.
Have you seen alhaji rice in the market or rice farm before

emmanuelewumi:


Why didn't see the effects of those whose bids didn't succeed in the stock market today.

Keeping your cash in fixed deposit till the next primary market offer is also a strategy

SlavaUkraini:


One Bastard even told me that he cannot reduce the price of brake pads because he bought them while the dollar was close to 2k

That it would take up to 3 months before prices will fall because that is when new shipments bought at current dollar rate will arrive...

Na so the guy take Colonize me and I pay for the brake pads..... As if I had a choice

Opportunist indeed...

chipa:

The banks are not superman but know that a lot of financial dynamic has occurred in the economy since after the the 31th Dec 2023 and the banks are going to utilize those opportunities to maintain the status. I will like to list some as
(1) The interest rate on loan has increased to upto 600 to 1000 points and still counting.
(2) The rate on Treasury bill has increased to upto 600 points.
(3) The increased in retained earnings has been deployed for service.
(4) The 1st quarter revaluation will be done at N1300 as of 31/03/2024. Which appears to be as the same rate of increase in half Year audited results of 2023 or slightly lower.
I will advise you to wait and see the earnings that will be coming from the banks in 1st quarter financial report.

chipa:

I may differ in this argument. Treasury bill at 22% and interest on loan at N35. Remember that the foreign exchange revaluation that you said is above N500 billion has been sent on money errands at least N100 billion will be received as return if all of it is sent on errands to Treasury bill. Then the other 2 trillion as reserve will be in loans and others investment vehicles. I think the banks know how to maintain their position. Also know that the revaluation was done at the rate of slightly below N1000. I don't expect Naira to go below N900 this year. So in terms of foreign exchange revaluation they may be no difference.
Concerning exiting the market now I think it is too early to jump out. My reasons are that the banks will try to pump their price before coming out to the market. Have you not been seeing volume of trade? After the initial pumping you will see consolidation than movement of price and then announcement of offer price. I will advise you jump out during the offer activity in the market because there will not be any interest in the stock then. You can then reenter the market after listing of the offer in the market because supply will be more than demand and price will crash. This is my 10 Kobo advice.
Still know you are the manager of your portfolio.

yMcy56:

I think Mr. Market just have a way of placing these stocks in their respective positions......but, looking at this comparison, I think ACCESS is grossly undervalued compared to the prices of GT and ZEE.

If only we can see UBA and FBNH on the table as well.

Thanks for this table. Very informative.

Raph82:
Sir u go get pot belly as I dey reason u so.

suckmedownthere:
Hardworking citizens will enter market to buy food and will see rice and beans but will go for garri, you will work but you can't eat what you like.....

UnfairLife7:
all these doesn't stop Nigeria from topping the ladder of POVERTY and UNEMPLOYMENT IN THE WORLD

Check around, more than half of your neighbors don't have what to eat tomorrow, while their corrupt leaders wallow in trillions worth of cash and properties

The fact that most Nigerian in diaspora are better than 95% of Nigerians living in Nigeria is enough reason why they're relocating


Their reality is an average Nigerians prayer points that may never come to fruition unless they JAPA

iree o

SisterAnn:
Can we know what the situation was up until this cursed mandate took over the reigns of leadership?
Governing with propaganda, half truths and outright falsehood would not help anybody.

Culturally, the president comes from a clime where praise singing is akin to life itself, therefore his handlers would go to any length to whitewash anything washable, Nigerians be guided.

Agbalowomeri:


So na customers' money dem go use?😂

emmanuelewumi:



FMDQ

emmanuelewumi:



That is the essence of diversification, the consistent returns on your Sukuk can be invested in the stock market, real estate, dollar denominated investment, you can also borrow against the future earnings of the investment in order to harness other economic, business and investment opportunities


Most times we underestimate the power of consistent and predictable return on investment.

Investor A invested N1 million, made 100% in year 1, made a loss of 30% in year 2. At the end of year 2 the N1 million would have grown to N1. 4 million through compounding


Investor B, invested N1 million that grows at 20% per annum. At the end of year 2 the N1 million would have grown to N1. 44 million.

Imagine if this continues for another 10 years

KarlTom:
TIP proposed 6k p.s.
Register closes 5th July

https://doclib.ngxgroup.com/Financial_NewsDocs/40593_THE_INITIATES_PLC-DIVIDEND_INFORMATION_CORPORATE_ACTIONS_MARCH_2024.pdf

Druss:


How has what you written invalidated the comment? If you cannot sell you cannot claim you have made profit. You might as well have 100 million shares of crap as no one else wants it.

Druss:


One only makes profit or loss when one sells.

ositadima1:


When I was arguing this very point, the same guy was asking me if I was making money in this market, implying that my reasoning was flawed. He also stated in one of his posts that he could spot opportunities and tell you when to enter, but he would not reveal when to exit, which should have been a red flag.

The thing is, with such stocks, you should have a target exit point that hopefully falls within the period it was still trending. Once the trend is over, you will be trapped until the next trend emerges.

Locotrader:
@222martins,

Good morning

The core investor of IEI bought their shares at #1.60.The stock is currently trading below their entry price. Looking at the latest result of IEI, the stock price is too cheap at 1.45kobo.There is possibility of this Q1 result to beat that of last year by over 200%.

I think the stock will also be on 10% full bid today

W0t0w0toman:


Lazy Nigerian youth. How can elephant climb tree? Yamayama fall on your big bald head.

dapix:
FBNH no wan gree for anyone o

DrAkpamudehe:




Both of you should go and change those tecno phones you are using to cause confusion this early morning

emmanuelewumi:



Do you have an Investment account with United Capital Asset management?

Which of the investment account products did you invest in?

Who is your account officer? What is the purpose of the loan?


Interest rate for new loans is now reviewed to 25%.

Existing loans will continue with the old rates until when the customer rollovers the loan for another 6 months

ogugwa1992:

https://www.signalng.com/weeks-after-attempt-to-transfer-nsips-to-ministry-of-finance-wale-eduns-company-gets-lucrative-contract-from-fg/

dipoolowoo:
NASCON Shareholders to Get N1 Dividend, Bonus Shares
https://businesspost.ng/economy/nascon-shareholders-to-get-n1-dividend-bonus-shares/

Nigerian Exchange Surges 0.99% as Investor Sentiment Improves
https://businesspost.ng/economy/nigerian-exchange-surges-0-99-as-investor-sentiment-improves/