Stats: 3,189,134 members, 7,936,521 topics. Date: Saturday, 31 August 2024 at 03:17 PM |
Nairaland Forum / Nairaland / General / Investment / Nigerian Stock Exchange Market Pick Alerts (11450821 Views)
Nigerian Stocks To Buy - 2024 Best Performing Stocks / Free Stock Market Pick Alert For All Investors Globally!!! / Dangote Resumes As President Of Nigerian Stock Exchange (2) (3) (4)
(1) (2) (3) ... (1530) (1531) (1532) (1533) (1534) (1535) (1536) ... (8093) (Reply) (Go Down)
Re: Nigerian Stock Exchange Market Pick Alerts by Godisfaithful: 1:18pm On Apr 26, 2016 |
Re: Nigerian Stock Exchange Market Pick Alerts by 9free(m): 1:20pm On Apr 26, 2016 |
Princkez:Upon all this waiting game.... Anyways, this one go do to buy engine oil ![]() |
Re: Nigerian Stock Exchange Market Pick Alerts by Princkez: 1:22pm On Apr 26, 2016 |
pls what is FBNH PAT Q1 2016 ![]() 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by 9free(m): 1:24pm On Apr 26, 2016 |
angelo82: E no go better for Wale Tinubu and SeaWolf 4 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by nija4us: 1:25pm On Apr 26, 2016 |
hi everybody, just joining the forum and seeing fbnh result, is it good to buy fbnh now? |
Re: Nigerian Stock Exchange Market Pick Alerts by rebekah2011(m): 1:26pm On Apr 26, 2016 |
Princkez: 20.72b, 57k EPS, Impairment for credit losses 12.754b |
Re: Nigerian Stock Exchange Market Pick Alerts by davide470(m): 1:26pm On Apr 26, 2016 |
angelo82: Mhen, this is serious o. NPL ratio at [size=13pt]18.1%[/size] ![]() |
Re: Nigerian Stock Exchange Market Pick Alerts by lancee(m): 1:27pm On Apr 26, 2016 |
9free: ![]() 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by angelo82: 1:27pm On Apr 26, 2016 |
FBN HOLDINGS PLC. REPORTS PROFIT BEFORE TAX OF N22.1 BILLION FOR THE THREE MONTHS ENDED 31 MARCH 2016 FBN Holdings Plc. (“FBNH” or “FBN Holdings” or the “Group”) today announces its unaudited results for the three months ended 31 March 2016. Income statement Gross earnings of N107.5 billion, down 15.2% year-on-year (Mar 2015: N126.8 billion) Net-interest income of N63.9 billion, up 7.2% year-on-year (Mar 2015: N59.6 billion) Non-interest income of N21.89 billion, down 25.2% year-on-year (Mar 2015: N29.3 billion) Operating income of N85.8 billion, down 3.4% year-on-year (Mar 2015: N88.8 billion) Impairment charge for credit losses of N12.8 billion (Mar 2015: N4.1 billion) Operating expenses of N50.96 billion, down 11.8% year-on-year (Mar 2015: N57.8 billion) Profit before tax of N22.1 billion, down 18.2% year-on-year (Mar 2015: N26.9 billion) Profit after tax: N20.7 billion, down 8.3% year-on-year (Mar 2015: N22.6 billion) Statement of financial position Total assets of N4.1 trillion, marginally lower by 0.6% year-to-date (Dec 2015: N4.2 trillion) Customer deposits of N2.8 trillion, down 4.6% year-to-date (Dec 2015: N2.97 trillion) Customer loans and advances (net) of N1.76 trillion, down 3.0% year-to-date (Dec 2015: N1.82 trillion) Key Ratios Post-tax return on average equity of 14.4% (Mar 2015: 17.0%) Post-tax return on average assets of 2.0% (Mar 2015: 2.0%) Net-interest margin of 8.1% (Mar 2015: 6.9%) Cost to income ratio of 59.4% (Mar 2015: 65.1%) NPL ratio of 21.5% (Mar 2015: 3.8%) 58.2% liquidity ratio (FirstBank (Nigeria)) (Mar 2015: 41.0%, Dec 2015: 58.6%) 17.2% Basel 2 CAR (FirstBank (Nigeria)) (Mar 2015: 15.5%, Dec 2015: 17.1%) 16.6% Basel 2 CAR (FBN Merchant Bank) (Dec 2015: 24.9%) |
Re: Nigerian Stock Exchange Market Pick Alerts by rebekah2011(m): 1:28pm On Apr 26, 2016 |
9free: Pls direct your anger towards the BOARD. In my opinion the whole Board should just go. They have proved over and over again that they are just not competent. |
Re: Nigerian Stock Exchange Market Pick Alerts by NuttyChoky(m): 1:29pm On Apr 26, 2016 |
Princkez: FBNH Q1 2016 PAT is N20B |
Re: Nigerian Stock Exchange Market Pick Alerts by carpenter(m): 1:33pm On Apr 26, 2016 |
rebekah2011: Exactly! Looks like the board is working for Oando. lol |
Re: Nigerian Stock Exchange Market Pick Alerts by NuttyChoky(m): 1:34pm On Apr 26, 2016 |
carpenter: I think most of the impairment is South Atlantic not Oando |
Re: Nigerian Stock Exchange Market Pick Alerts by kaboninc(m): 1:36pm On Apr 26, 2016 |
angelo82: Impairment charge for credit loss was 32% of Operating Income and more than 460% more than 2014. Then we have a Cost-to-income ratio of 61.4% (i.e. for every one naira generated, about 61.4 kobo was incurred). And most importantly, a Non Performing Loan of 18.1% (more than 600% increase over 2014). Not a good result. Too much exposure to certain high risk ventures. Someone already paid the price. The Risk Manager was probably asked to leave. |
Re: Nigerian Stock Exchange Market Pick Alerts by rebekah2011(m): 1:39pm On Apr 26, 2016 |
kaboninc: All of them should go. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by Godisfaithful: 1:39pm On Apr 26, 2016 |
RESULTS ANNOUNCEMENT FBN HOLDINGS PLC. APRIL 26, 2016 AUDITED CONSOLIDATED FINANCIAL STATEMENTS (DECEMBER 2015) PROFIT AND LOSS INFORMATION GROSS EARNINGS: 15 N505.191B 14 N481.774B PROFIT BEFORE TAX: 15 N21.512B 14 N94.056B INCOME TAX EXPENSE: 15 N6.364B 14 N10.045B PROFIT AFTER TAX: 15 N15.148B 14 N84.011B EARNINGS PER SHARE: (Kobo) 15 43k 14 235k CORPORATE ACTIONS PROPOSED DIVIDEND – 15k PROPOSED BONUS – NIL QUALIFICATION DATE – MAY 06, 2016 CLOSURE DATE – MAY 09 – 13, 2016 (BOTH DATES INCLUSIVE) AGM DATE – MAY 26, 2016 PAYMENT DATE – MAY 30, 2016 AGM VENUE – EKO HOTEL AND SUITES, PLOT 1415 ADETOKUNBO ADEMOLA STREET, VICTORIA ISLAND, LAGOS |
Re: Nigerian Stock Exchange Market Pick Alerts by EDUECO(m): 1:46pm On Apr 26, 2016 |
Why is FBNH price not falling? Wonders shall not end! |
Re: Nigerian Stock Exchange Market Pick Alerts by kaboninc(m): 1:47pm On Apr 26, 2016 |
rebekah2011: Doesn't work that way. The Risk Guy has taken the fall for it. I've not seen the result though but my guess will be that the exposure was to the Oil Sector. And we all know what recently happened to that sector since 2014. From reports too, First Bank has been the major lender to the Oil Industry most especially the Up Stream segment - funding exploration and production of both crude oil and gas. |
Re: Nigerian Stock Exchange Market Pick Alerts by rebekah2011(m): 1:49pm On Apr 26, 2016 |
EDUECO: No be today. Investors eyes will soon clear that this is a glorified bank. The Board should go. |
Re: Nigerian Stock Exchange Market Pick Alerts by NuttyChoky(m): 1:49pm On Apr 26, 2016 |
EDUECO: Because the Q1 2016 has massaged the impact of the 2015 bad result |
Re: Nigerian Stock Exchange Market Pick Alerts by BMZK: 1:50pm On Apr 26, 2016 |
The result is very bad but the elephant was strong to overcome the impairment and still declared profit. It will still fly based on good will and hopes for Q2. |
Re: Nigerian Stock Exchange Market Pick Alerts by UD4040: 1:54pm On Apr 26, 2016 |
[quote author=Godisfaithful post=45057435][/quote]thanks |
Re: Nigerian Stock Exchange Market Pick Alerts by rebekah2011(m): 1:58pm On Apr 26, 2016 |
kaboninc: The risk guy was not sacked but was retired and paid his entitlements for a shoddy job done. But there was an MD and a BOARD. So when you lend there should not be adequate measure in place for the recovery of the funds. The impairment of 120b is just a fraction of the credits going bad. We could be looking at over 400-500b |
Re: Nigerian Stock Exchange Market Pick Alerts by nija4us: 2:01pm On Apr 26, 2016 |
I have just bought fbnh now at 3.40 cos of q1 result. I hope i have not entered one chance |
Re: Nigerian Stock Exchange Market Pick Alerts by angelo82: 2:01pm On Apr 26, 2016 |
![]() |
Re: Nigerian Stock Exchange Market Pick Alerts by ufotty2001: 2:06pm On Apr 26, 2016 |
![]() ![]() |
Re: Nigerian Stock Exchange Market Pick Alerts by Godisfaithful: 2:06pm On Apr 26, 2016 |
![]() ![]() ![]() |
Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 2:07pm On Apr 26, 2016 |
![]() ![]() ![]() ![]() At least u bought cheaper than ppl DT bought for 3.5naira 15naira |
Re: Nigerian Stock Exchange Market Pick Alerts by ufotty2001: 2:07pm On Apr 26, 2016 |
JESUSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSS CHRIST... A WHOLE FIRSTBANK NOW LASTBANK.. fcmb now better than this bank.. |
Re: Nigerian Stock Exchange Market Pick Alerts by NuttyChoky(m): 2:08pm On Apr 26, 2016 |
![]() ![]() ![]() ![]() ![]() |
Re: Nigerian Stock Exchange Market Pick Alerts by rebekah2011(m): 2:09pm On Apr 26, 2016 |
nija4us: You are the pilot and CEO of your portfolio. 3 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by lancee(m): 2:12pm On Apr 26, 2016 |
Jesus is lord for ur life ![]() We shall overcome someday eeee 1 Like |
(1) (2) (3) ... (1530) (1531) (1532) (1533) (1534) (1535) (1536) ... (8093) (Reply)
Viewing this topic: ositadima1(m), Mpeace(m), jonnysessy(m), Rori(m), UncleBone, NapoleonHill, Willie2015, xezoid(m), Streetinvestor2, talk2me2, lionshare, Nataba and 10 guest(s)
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 36 |