dipoolowoo:
@Yariya. Unfortunately, you could not decode what I meant by 'better' in that context. Let me make it clear now, 'Better' as used in my earlier sentence is directly the opposite meaning of the word. I hope you get the drift now.

Make people no go accuse me of passing wrong info tomorrow.

Regards

That you enclosed the word says a lot. LOL.

Abi o. No be my mouth dem go hear say Diamond Bank get twisted ankle injury.

mendes911:


That you enclosed the word says a lot. LOL.

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.

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.

Uzuoma is a spoiled brat....he does not know what it took the father to build Diamond bank, he will destroy it las las, that is what they do.

I will blame Mr Pascal Dozie for this misfortune. One of the reasons I respect Otunba Subomi Balogun till now is the introduction of his heir apparent, Ladi, into the banking world from the scratch.

Ladi knows every aspect of the banking business, with the boardroom politics and others, which I doubt Uzoma knows. You cannot give what you don’t have.

I used to be emotionally attached to Diamond Bank and FCMB, but I have learnt to take way emotions from business or investments.

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.

From international to regional?
Lol

Flattino:

From international to regional?
Lol

NPF MF Bank, which I doubt can answer a regional bank is by far doing better than Diamond. Na big name dey kill dog.

I raised an alarm.. A code 3 alarm on the unhealthy status of diamond Bank, i did my research with available data on Bloomberg and made an opinion that the debt asset ratio of diamond Bank was not sustainable. Few days later the bank started appreciating, trading at high of 1.29 to 1.30 band with day's low of 1.20.
At dz point, I knew dozie et al had put mechanism in place for successful Insider trading. At this time I quickly offloaded the 50000 tashere units I bought for my child at 0.85k in 2015 or 16..Can't remember vividly.
I knew there is a crises in this dozie et al organization of looters and band wagons.
This bank is the most indebted bank in Nigeria (among the tier 2 banks)
What dozie has been indulging is hyper inflation of asset prices to defend capital adequacy ratio.
Few days after my opinion, the bank credit rating was downgraded.
Now it's time to gbeja and dump this dog of a bank
Dozie et al have successfully destroyed dz bank.
I will not be surprised if a suspension is placed on the trading activities by the regulatory agency in the coming days.
The best scenario that can offer shareholders a hope is for dozie to resign along those board members that have already done the needful.

I doubt if Diamond Bank is still an international bank with the sale of its subsidiaries in West Africa as well as its UK branch, which is almost completed.

Is it not even better operating as a regional entity and make profit than operate as a national bank and continue to record loss and losses.

It is obvious that the management is under huge pressure they cannot handle. With a regional banking licence, which means a lower CAR, the management can restrategise to bounce back better and bigger.

Flattino:

From international to regional?
Lol

mendes911:


NPF MF Bank, which I doubt can answer a regional bank is by far doing better than Diamond. Na big name dey kill dog.

What is the fate of Diamond bank ordinary shareholders, are they carried along in this acquisition deal? Will the shares be valid and converted to access bank shares or it will be liquidated like the case of Allstates bank & Ecobank?

Please note that both banks; Diamond Bank and Access Bank have denied the acquisition reports. It is now left for you decide what to do next.

kenmaro:
What is the fate of Diamond bank ordinary shareholders, are they carried along in this acquisition deal? Will the shares be valid and converted to access bank shares or it will be liquidated like the case of Allstates bank & Ecobank?

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

Last time I came to lagos this year, I just kept seeing Dangote trucks parked on major roads and bridges

Flattino:

From international to regional?
Lol

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

Apapa road clear...If you are investing based on Apapa road, then that would be in 2020

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..

Any bank that buys Diamond, na to blacklist the bank be that Prof

mendes911:


NPF MF Bank, which I doubt can answer a regional bank is by far doing better than Diamond. Na big name dey kill dog.

The day someone will break your jaw bone, don't complain.

So na like this Diamond bank go die comot
Chai these banks ehn

The worst scenario, diamond bank will be acquired by the Carlyle group @ 0.21k per share.
Or by access bank @ 50000 units of diamond Bank to 200 units of access bank.
Or 50000 units of diamond Bank to 100 units of Ecobank.
Dz 2 banks are politically favoured when it comes to buying distress banks.
You can ask what was the fate of intercontinental and oceanic banks shareholders?
Suffice to say the future of banking is going digital and there is no escape route for Nigerian banks.
In 10 years time I expect CBN to grant licenses for 100% digital banking pioneers. Which means banks will no longer open up branches. The assets (diamond branches that dozie is bragging about will not be needed by the would be investors) Therefore the future of diamond Bank is?? bleak

Calebbold:
https://www.proshareng.com/news/Stock---Analyst-Updates/Why-Diamond-Bank-Opted-For-A-CBN-Managed/42680

The bank has borrowed much more from regulators than it can chew; and have been told that there are no further support will be extended thereafter. This is it.

Uzuoma killed Diamond bank...It will go down history!

@agbalowomeri...the humble man that reaps something from nothing... I can see you viewing this thread. When are you leading us to NYSE?
DOW index is going to 50,000 by 2023 as forecasted by white witches. We need the experience and the secrets you use in conquering NSE.
Those secrets that are known to only you.

BREAKING: Teleology Finally Takes Over 9mobile, Appoints Directors
https://www.businesspost.ng/2018/11/12/teleology-finally-takes-over-9mobile-appoints-directors/

Whoever told KOD few years back that Diamond Bank will be in this kind of state, he would have stoned the person.

Me, NSE and long term? E no fit happen. Oil and water no dey mix together.

So the maga that offloaded billions of Diamond Bank shares late last year was running for his/her life. NSE and insider trading. I hope this is not the same scenario playing with the investor that dumped FCMB. Am thinking out loud though, I have no insider information and not in either of the stock at the moment.

Time will tell!

dipoolowoo:
I doubt if Diamond Bank is still an international bank with the sale of its subsidiaries in West Africa as well as its UK branch, which is almost completed.

Is it not even better operating as a regional entity and make profit than operate as a national bank and continue to record loss and losses.

It is obvious that the management is under huge pressure they cannot handle. With a regional banking licence, which means a lower CAR, the management can restrategise to bounce back better and bigger.

At least it is not completed and even after the sale it will still be called an international bank . Once a senator is a senator for life.
They will still be international bank on paper, there are some schools in my area with just 5 classrooms but they are international.
DEADMOND bank

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..

Unless the bank buying deadmond bank is seeing what we can't see if not the management of the bank that acquired deadmond bank ought to be flogged in the public before they are sacked. It is only a person who can feed a man without any economic importance withN3.5 million in a month that can acquire deadmond bank

phemmie06:

Unless the bank buying deadmond bank is seeing what we can't see if not the management of the bank that acquired deadmond bank ought to be flogged in the public before they are sacked. It is only a person who can feed a man without any economic importance withN3.5 million in a month that can acquire deadmond bank

It is a disaster for a bank to be ruined by greedy management in this time and Era. For CBN to successfully execute BVN (A preparatory for digital banking take off)
I wonder, who will want to buy physical properties of diamond Bank branches! As it is now, South Africa has granted licenses to 4 digital banks that do not need to open branches and I can see CBN doing same.
Maximum 5 to 10 yrs time. This development will force or inhibit existing banks from expanding branches coz the digital banks will come to disrupt the old orders of doing things. Imagine you banking at a discount. You just walk into a shoprite or adide store to deposit cash while paying minimal charges for transactions.
This is the revolution that will make the would be buyer to offer peanut for diamond Bank.
Will be difficult to maintain many branches in another 20yrs to come in Nigeria.
What a sad tale for the die hard shareholders of diamond Bank? Dozie et al betrayed the trust investors had in them. He was even telling investors that from 2019 they will begin to reap from their investments in diamond Bank.
Son of a scammer will always be a scammer.

Godlylifeoneart:


It is a disaster for a bank to be ruined by greedy management in this time and Era. For CBN to successfully execute BVN (A preparatory for digital banking take off)
I wonder, who will want to buy physical properties of diamond Bank branches! As it is now, South Africa has granted licenses to 4 digital banks that do not need to open branches and I can see CBN doing same.
Maximum 5 to 10 yrs time. This development will force or inhibit existing banks from expanding branches coz the digital banks will come to disrupt the old orders of doing things. Imagine you banking at a discount. You just walk into a shoprite or adide store to deposit cash while paying minimal charges for transactions.
This is the revolution that will make the would be buyer to offer peanut for diamond Bank.
Will be difficult to maintain many branches in another 20yrs to come in Nigeria.
What a sad tale for the die hard shareholders of diamond Bank? Dozie et al betrayed the trust investors had in them. He was even telling investors that from 2019 they will begin to reap from their investments in diamond Bank.
Son of a scammer will always be a scammer.

The properties might be acquired for event centers. Cinema houses, casinos etc.
Even the bank that died in the skye never had much noise surrounding it.

Godlylifeoneart:
@agbalowomeri...the humble man that reaps something from nothing... I can see you viewing this thread. When are you leading us to NYSE?
DOW index is going to 50,000 by 2023 as forecasted by white witches. We need the experience and the secrets you use in conquering NSE.
Those secrets that are known to only you.

Hahaha this man funny o, conquer NSE kwa
Na only Pa Emma and Wanaj conquer NSE o
Maybe I broke even from NSE losses not too long ago