NBL and nestle div loading. 1.2 and 1 naira

What is the implication of FCMB auditing their Q3 result?
I mean any reasons/advantages they may have in choosing to carry this out?

Manonamission:


"FCMB Group Plc Announces a Delay in the Release of its Nine-Months 2015 Results,
due to its Interim Audit
LAGOS, NIGERIA – 22 October 2015: FCMB Group Plc (Bloomberg: FCMB) announces that its ninemonths
ended 30 September 2015 (3Q15) Results will be delayed due to its interim audit.
FCMB Group Plc would like to inform the investment community, of the commencement of
the interim audit of First City Monument Bank Ltd as at 30 September 2015, by KPMG, the
bank’s auditors. For this reason, the 3Q15 results will be delayed.
The Audited Results will be released on the Nigerian Stock Exchange and to the investment
community upon conclusion of KPMG’s audit. As always, please do not hesitate to contact the
investor relations team if you have any enquiries.
Best wishes,
FROM: FCMB GROUP PLC.
For further information, please contact:
Ori Rewane: Head - Investor Relations, FCMB Group Plc
Tel: +234 (0) 1 279 3030 and +234 (0) 1 279 30 33
Email: orighoye.rewane@fcmb.com
Patrick Iyamabo: Chief Financial Officer, FCMB Group Plc
Email: patrick.iyamabo@fcmb.com
OR institutionalinvestorrelations@fcmb.com"

Hope FCMB is not following the footsteps of OANDO.hmmmm

PETERiCHY:


[http://www.thisdaylive.com/articles/nigerian-stock-exchange-may-sanction-oando-over-delayed-results/224596/]

When are they going to sanction Unic ins

Mpeace:
I didn't buy Guardian today. Pls check for me. My full name is Jubril Adewale Tinubu.

Sorry, na your name be number one on the list. No be only dat, both the NSE and investor victims dey call for your head.

megainvest:
See FBNH selling at sub N5! How can you forgive yourself if you miss this opportunity? Just grab it. Grab your copy nowwwwwwwww #MoneyDoublingThings2016

Sold N6:20k with 13% profit 2mths ago now repurchased all the units @N4:98k

NSE is can be very sweet if it didnt go against you so this not a recommendation ooooooo.

PETERiCHY:


Sold N6:20k with 13% profit 2mths ago now repurchased all the units @N4:98k

NSE is can be very sweet if it didnt go against you so this not a recommendation ooooooo.

If na somebody else now he/she go hug the stock die.

#london investment advice tinz

Born2berich:
You go fear offloading na

Who dey buy this oando stock wey released poor result ..offloading neva begins o

mercylicious:
I will surely align with the cowboys whenever the price of their stocks go down.
Afriprud, ubcap, Uba, transcorp and maybe access.

They know how to spring surprises when u least expect it.

I almost agree but where OANDO?

lancee:



Who dey buy this oando stock wey released poor result ..offloading neva begins o

Have you read this http://www.thisdaylive.com/articles/nigerian-stock-exchange-may-sanction-oando-over-delayed-results/224596/

Better remove sentiments and offload this useless stock on time. Anyways the decision is yours.

Born2berich:
Have you read this http://www.thisdaylive.com/articles/nigerian-stock-exchange-may-sanction-oando-over-delayed-results/224596/

Better remove sentiments and offload this useless stock on time. Anyways the decision is yours.

no be sentiment sir .. watching , it will be in bits

Nse .ke .no be naija ...after pple money don vanish

I can see my complaints via tweeter touched NSe and SEC concerning oando...Will fire them some more so that they can sit up

Born2berich:
I can see my complaints via tweeter touched NSe and SEC concerning oando...Will fire them some more so that they can sit up

lancee:



no be sentiment sir .. watching , it will be in bits

Nse .ke .no be naija ...after pple money don vanish

E be like say you are Audacious.
Uncle wale go like people like you wella

All FBNH bonus credited.................

lancee:



Who dey buy this oando stock wey released poor result ..offloading neva begins o

it is peterichy the bad news .

lancee:



Who dey buy this oando stock wey released poor result ..offloading neva begins o

it is peterichy&manie the bad news .

Born2berich:
E be like say you are Audacious.
Uncle wale go like people like you wella

.. na u dey on 3% s

myjoy084:


Good day Sir. Attached below is my gift for BNSITLs as we are preparing to say goodbye to 2015...Don't stop believing!

JAH BLESS . one love .

Food 4 THOUGHT

https://www.youtube.com/watch?v=h-KHWUq3B7I

angelo82:
All FBNH bonus credited.................

Meritrade is not showing mine yet.

megainvest:


Meritrade is not showing mine yet.

Maybe you should ask them to check.............................

Born2berich:
Have you read this http://www.thisdaylive.com/articles/nigerian-stock-exchange-may-sanction-oando-over-delayed-results/224596/

Better remove sentiments and offload this useless stock on time. Anyways the decision is yours.

Cool down they are going to pay fine for their delays, and that might not affect their stock much.

Remember FBNH also paid fines to CBN recently.

OBAGADAFFI:


Cool down they are going to pay fine for their delays, and that might not affect their stock much.

Remember FBNH also paid fines to CBN recently.

This news item is not significant enough to affect the floor price negatively in my view. You will be amazed at the number of listed companies on the exchange that are yet to file their 2014 audited results. They are fined but it's not heavy.
What should cause sleeplessness for Oando faithfuls is if SEC wakes up to their duty and investigate, if there was any insider trading prior to the release of the result. I think I read somewhere that it might happen. For the overall good of everyone,let's hope SEC can actually bite and not just bark.

DeRuggedProf:
What is the implication of FCMB auditing their Q3 result?
I mean any reasons/advantages they may have in choosing to carry this out?

Actually, I feel auditing Q3 doesn't make much sense because in another 3 months, you would have to call on the auditors again. For me, I am inclined to think that a corporate action is in the offing. The bank might want to reorganize their capital or capitalize their profits ahead of FY end. This too doesn't make much sense. That should have been done at H1. Whatever reasons the board might have, they just can not wait till FY end to do it. I recently took position in this bank and my opinion might be biased. Please do not act.

spicytayomic:


Hope FCMB is not following the footsteps of OANDO.hmmmm

If you are referring to the delay in releasing their result,No. You have 3months grace to present an audited result on the floor of the exchange (extendable to 4 months as was the case of FY end 2014).
If it's loss/impairment palaver, I no know o. I am not a seer.

@manonamission I have seen ur informative link regarding fcmb. It is not usual that a company will want their Q3 result audited before presentation.this normally happens within the H1 when a company want a corporate action maybe interim dividend, i stand to be corrected. Fcmb action to audit their Q3 is rare and complete alien to tradition of quoted companies in Nse. I hope something is not fishing?

Caveat: I am exposed to fcmb. Never buy or sell based on my assertion.

Manonamission:


This news item is not significant enough to affect the floor price negatively in my view. You will be amazed at the number of listed companies on the exchange that are yet to file their 2014 audited results. They are fined but it's not heavy.
What should cause sleeplessness for Oando faithfuls is if SEC wakes up to their duty and investigate, if there was any insider trading prior to the release of the result. I think I read somewhere that it might happen. For the overall good of everyone,let's hope SEC can actually bite and not just bark.

We all know that SEC is also involved in match fixing on the NSE, that why they can't bite any company.

Just look at Oando gains this week despite losses.

Stock market, can be very irrational.

BREAKING NEWS


The Corporation noted that the initiative to ensure zero fuel queues has been bolstered with the approval by the Federal Government for the immediate payment of N413 billion to oil marketers as outstanding payment for subsidy claims.

“It is our belief that with the outstanding payment due to Oil Marketers now assured, the marketers and other downstream players will join hands with the NNPC to guarantee that the nation remains wet with petroleum products all year round,’’ the Corporation said


[http://www.nta.ng/2015/11/04/fg-approves-payment-of-n413bn-to-oil-marketers/]

[http://www.thisdaylive.com/articles/fg-approves-immediate-payment-of-n413bn-subsidy-claims/224745/]

$2billion dollars no doubt this news will surely trigger a BULL

The lyrics of this KENNY ROGERS musical video explains the intrigues of the STOCK MARKET


https://www.youtube.com/watch?v=6X7Sx62plCw

1.You got to know when to HOLD ON.

2.know when to FOLD ON.

3.know when to WALK AWAY.

4.know when to RUN.

5.you don't count your MONEY when you're sitting at the TABLE coz there will be time enough for counting when the DEAL is done.

Increased liquidity,
Rates on T.Bills low,
Subidy payment approved,
Stock prices on record lows....

I smell a strong bull!!!...

If only oil prices can recover a little ...