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Re: Nigerian Stock Exchange Market Pick Alerts by Coolcash1: 5:19am On Sep 22, 2018 |
NO wonder Ambode moved LASG account to Access bank....Some of us saw this coming...Its end of the road for Skye bank...so sad! But what i find very disheartening is the fact that, the shareholders/directors who crippled this bank are still walking free in the country. In a sane clime, they would have been jailed by now. The new management appointed by CBN also refused to be aggressive and brutal in going after properties of these crooks for recovery of the delinquent debts. Of course, it would have serve as deterrent to other directors who think they can run a bank aground and nothing will happen. |
Re: Nigerian Stock Exchange Market Pick Alerts by Mpeace(m): 5:54am On Sep 22, 2018 |
Coolcash1:It doesn't affect accounts held in the bank. Its only the shareholders that lost. Its Govt's gain since the will soon sell the bank (to themselves) and pocket the money. |
Re: Nigerian Stock Exchange Market Pick Alerts by aremso(m): 6:28am On Sep 22, 2018 |
Coolcash1: Please what will happen to Morgan capital account cos I saw this coming long a go and that was the question I asked them at Morgan capital before I opened the account with them and now that the expected has happened what is our faith with them. Am also watching DBN |
Re: Nigerian Stock Exchange Market Pick Alerts by Mpeace(m): 6:34am On Sep 22, 2018 |
aremso:Nothing will happen to accounts in skye bank. For them, its only a name change. Na shareholders go suffer. |
Re: Nigerian Stock Exchange Market Pick Alerts by aremso(m): 6:40am On Sep 22, 2018 |
Yayira: Love your question, please note that wema is own by the SW States just as unity bank is owned by the northern States and they will do anything to ensure nothing happens to their bank. The duo would have gone long a go under sanusi as CBN gv but diamond is perceived to be owned by individual and other share holders who are not core owners. Just my thought though 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by aremso(m): 6:56am On Sep 22, 2018 |
wanaj0: So is bad to say it as it is? |
Re: Nigerian Stock Exchange Market Pick Alerts by Mcy56(f): 7:22am On Sep 22, 2018 |
swilo:Lol. Thanks for watching my back. What I have in Skye is not something i cannot forfeit should it get to that stage. Mpeace, thank you too. I mentioned somewhere here that i sold my skye shares already and waiting for another round trip. Though I later bought just very small units (when there was price resistance at 64k) with the intention to buying more when the price goes down again. However, before anyone quickly laughs or accuses, they should know that this goes beyond just "thank goodness I'm not in Skye" but rather a reflection of many ills going on in the system. If they should open the 'yansh' of some banks window-dressing reports, the findings might be shocking to many. I was just not happy about the way CBN went about all these acquisition of a thing when they were also not transparent with the whole process and they have their hands soiled as well. These puzzle questions still remains: Why did the CBN-appointed management failed to go after the properties of those that ran the bank aground with ridiculous unpaid loans? Are those people also bigger than CBN? Why was the intervention fund CBN gave not been monitored? Why did CBN covered the mess up till this point? Now another billions injection into a bridge bank ![]() Like I said before, there's more to this and these guys were not telling us everything. 4 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by edwardaigb: 7:37am On Sep 22, 2018 |
Thank God for all the good people in this forum, bought small units at .52 and sold yesterday at .70. God bless you all. 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by Infinitisi(m): 7:40am On Sep 22, 2018 |
To all those worried about the safety of depositors funds in the defunct Skye please read the press statement attached from the management of Polaris Bank.
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Re: Nigerian Stock Exchange Market Pick Alerts by wanaj0: 8:00am On Sep 22, 2018 |
aremso: Discouragement should not be done hastily. |
Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 8:17am On Sep 22, 2018 |
For those trapped in Skye, sorry. The lesson here is never invest where there is no result. For Morgan capital customers,.no need to panic, i am sure that's not the only account they use to transact. If you don't feel safe, you may move your shares to another stock broking house seamlessly. |
Re: Nigerian Stock Exchange Market Pick Alerts by veecovee: 8:49am On Sep 22, 2018 |
Preach the word; be instant in season, out of season; reprove, rebuke, exhort with all long suffering and doctrine. 2 Timothy 4:2 King James Version (KJV) https://www.nairaland.com/3560501/holineness-righteousness-revival-daily-messages/17#71416195 |
Re: Nigerian Stock Exchange Market Pick Alerts by swilo: 9:30am On Sep 22, 2018 |
Mcy56: Really these questions hit the core of the rot existing in the whole CBN-SKYE romance. The most annoying one is why did they insinuate that they were working to release outstanding financial results? From this whole saga, shareholders are at risk from all angles: -Risk from management of coy -Risk from fellow shareholders -Risk from MM -Risk from government -Risk from regulatory bodies. Now the big question is why would I want to leave my money indefinitely in a stock with all these crocodiles? 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by dipoolowoo: 9:45am On Sep 22, 2018 |
The funny thing is that I took a trip round my area in Alimosho, Lagos this morning to Skye Bank branches to get the mood, the places I visited had their ATMs no dispensing cash. I am planning to do another check by 11am today to see if the ATMs have been loaded. Though customers money is safe, the new management will surely want to restrict panic withdrawals which are natural in this case. |
Re: Nigerian Stock Exchange Market Pick Alerts by currentprice: 10:16am On Sep 22, 2018 |
dipoolowoo: Do online now ![]() |
Re: Nigerian Stock Exchange Market Pick Alerts by currentprice: 10:21am On Sep 22, 2018 |
It unfortunate for the Skye bank shareholders to have lose their hard earned cash this way. Sorry my pple Lesson learned never put ur penny on company with no result. cc fidelity shareholder ![]() ![]() ![]() ![]() ![]() ![]() 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by mendes911: 10:33am On Sep 22, 2018 |
dipoolowoo: Do you need to visit ATM's before getting your cash? The very serious ones initiated transfers yesterday pending when the picture gets clearer. My friends still having some cash there are the ones that exceeded daily transfer limit. One was awake till 12am before he initiated the 2nd batch. So I was told, I wasn't with either of them. But I think depositors money are safe! People might panic though but it's a normal reaction in this clime. |
Re: Nigerian Stock Exchange Market Pick Alerts by mendes911: 10:33am On Sep 22, 2018 |
currentprice: Exactly! |
Re: Nigerian Stock Exchange Market Pick Alerts by currentprice: 10:41am On Sep 22, 2018 |
Re: Nigerian Stock Exchange Market Pick Alerts by phemmie06(m): 10:42am On Sep 22, 2018 |
moneywoman74:Happy belated birthday |
Re: Nigerian Stock Exchange Market Pick Alerts by phemmie06(m): 10:42am On Sep 22, 2018 |
moneywoman74:Happy belated birthday |
Re: Nigerian Stock Exchange Market Pick Alerts by phemmie06(m): 10:43am On Sep 22, 2018 |
DOLLARTEX:Happy belated birthday |
Re: Nigerian Stock Exchange Market Pick Alerts by phemmie06(m): 10:44am On Sep 22, 2018 |
Infinitisi:LOL 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by Agbalowomeri: 10:48am On Sep 22, 2018 |
swilo: OGG used the last available parachute ![]() 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by dipoolowoo: 11:01am On Sep 22, 2018 |
NSE Suspends Trading of Skye Bank Shares https://www.businesspost.ng/2018/09/22/nse-suspends-trading-of-skye-bank-shares/ |
Re: Nigerian Stock Exchange Market Pick Alerts by dipoolowoo: 11:06am On Sep 22, 2018 |
Na you understand my motive bro. I don't bank with Skye Bank. Even my holdings in the bank were offloaded this week when I got the signal to selloff. My trip was only to see the mood. I will even repeat it on Monday, when full banking operations are expected to resume. currentprice: |
Re: Nigerian Stock Exchange Market Pick Alerts by Onuokwu: 11:08am On Sep 22, 2018 |
Common sense that is not so common should tell those in Unity Bank to be out now while they can. But as usual.....vendors of hope will come up with reasons why they should not. This Bank has some quarters of financial result still undeclared. Just go and look in a mirror and converse with yourself on the wisdom of retaining this bank stock in your portfolio. 3 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by Onuokwu: 11:09am On Sep 22, 2018 |
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Re: Nigerian Stock Exchange Market Pick Alerts by currentprice: 11:14am On Sep 22, 2018 |
dipoolowoo: U no do well for my pple o, u got the signal earlier and you did not inform your brothers. even if u use parable we for understand u now ![]() |
Re: Nigerian Stock Exchange Market Pick Alerts by lancee(m): 11:14am On Sep 22, 2018 |
Godisfaithful: Thanks bro.. No longterm investment for now |
Re: Nigerian Stock Exchange Market Pick Alerts by Onuokwu: 11:15am On Sep 22, 2018 |
Some bank stocks will take a beating next week. |
Re: Nigerian Stock Exchange Market Pick Alerts by dipoolowoo: 11:18am On Sep 22, 2018 |
You are very correct. In fact, any company defaulting in filing results for two years above should be avoided like a plague. I just hope Diamond Bank, Union Bank and Fidelity Bank will not end this way. Tier-1 banks are still the best to invest in. Onuokwu: |
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