spinoff:
Fingers crossed.


http://stocksng.com/skye-bank-plc-technical-interpretation-cbns-action-every-stock-investors-know/


SKYE BANK PLC:
Technical Interpretation of CBN’s Action And What Every Stock Investors Should Know.


The Godwin Emefiele led Central
Bank of Nigeria might not have
acted like a ‘commando’ in the
case of Skye Bank Plc.......

megainvest:
If Skye Bank ever gets to 50k, I will load as much as I can!!!
If there is any sign of recovery in the market on Friday, I will start loading some units.
This decision is purely speculative and not backed by any fundamentals or technicals. I don talk my own ooo.

OBAGADAFFI:


It might go lower than 0.50k.

But my biggest fear is Delisting.

megainvest:


It will not be delisted. There are some very strong interest groups backing the bank and they are doing a lot of things behind the scenes right now.

The biggest risk at present is the panic withdrawal and the loss of customer confidence they will suffer for the rest of the year and for a long time to come!

Some ways they can dig the bank out of this hole is to channel some corporate funds (maybe even government funds) in their direction or do a re-branding (Change of name).

megainvest:
If Skye Bank ever gets to 50k, I will load as much as I can!!!
If there is any sign of recovery in the market on Friday, I will start loading some units.
This decision is purely speculative and not backed by any fundamentals or technicals. I don talk my own ooo.

zendi:
Look, Skye as a going bank is okay.......must be okay.
The CBN will see to that, more so as a systemic important bank.
But you cannot say so of the shareholders.
Skye has fallen into the hand of a rescue squad, and the process of recapitalizing it in this low mkt will delete present shareholders, sure as night follows day.
It is unity bank all over again, sorry.

oghenebiko:
Abeg who get details of the fact behind the figures presentation by Oando yesterday. I been think say NSE go publish am.

Tritri:
I have but left with both choice ..for long term that why am looking at wapco

Intendy:


till Friday. but WT bleeped up.
A question was raised that why should a deferred tax be reported as a PAT for unaudited quarterly result.

was it to deceive investors? he dodged it.

2)a question was also raised about the auditors comment (Ernest and young) of oando being a going concern and he tactical dodge as well not providing any answer

3)on the fund raised 'via our banks' with 3 year 'grace' how does he intend to repay if oil remain below 60$ pb,those he continue asset stripping.like the wale I know he kept on blabing.

so traders enjoy,investors better loosen your seat belt and look for the nearest exit.

ihedioramma:
Not at all .

Tritri:


why?

Intendy:
http://nairametrics.com/sacked-skye-bank-directors-and-how-much-they-owe/

chai people are wicked o.

Ayeni borrowed #237billion.

And this is going on also in some banks.
I pity the holders here.

carpenter:
Please do you know any stockbroker in Nigeria that can buy international stocks? Interested in one that buy into some of the products of Vanguard Investment Group or similar companies. Thanks

megainvest:
If Skye Bank ever gets to 50k, I will load as much as I can!!!
If there is any [b]sign of recovery [/b]in the market on Friday, I will start loading some units.
This decision is purely speculative and not backed by any fundamentals or technicals. I don talk my own ooo.

PETERiCHY:
WARNING! WARNING!! WARNING!!! SKYEBANK! SKYEBANK!! SKYEBANK! !!
DANGER! DANGER!! DANGER!!!

This danger alert is meant for the newbies to take precaution by running away from SKYEBANK Shares and not to by deceived by the old cargos that always claim to be master of game while they are trapped in it.

I have been sounding this note of warning over the past 2yrs both on this platform and on SMN when it was still trading @ #4 that I foresee SKYEBANK going the way of BANKPHB.

But alot ignored it and the we are making money this year group shouted it down and called us pessimist.

Lets forget all the grammar analyst are blowing.
In layman's language SKYEBANK depositors fund is 101% safe but the shareholders funds has gone to the dustbin of history just like others .e.i ALLSTATES BANK, ACB, OCEANIC, INTERCONTINTENTAL, AFRIBANK, FINBANK, SPRINGBANK, BANKPHB to mention but few.

That is why NSE is and will always remain one of the most organized gambling platform.

On a last note "NEVER EVER EVER INVEST A FUND YOU CANNOT AFFORD TO LOSE" Period!

*ThE OcToPuS*

PETERiCHY:
The Economic and Financial Crimes Commission says the trial of three former Managing Directors of defunct banks has received a major boost.

The three bank Managing Directors include Mr. Erastus Akingbola of the defunct Intercontinental Bank, who is accused of stealing N47.1bn; the MD of the defunct Bank PHB, Mr. Francis Atuche, who is accused of stealing N25.7bn; and the MD of the defunct Finbank Plc, Mr. Okey Nwosu, alleged to have stolen N18bn.

The commission said this on its official Facebook page while reacting to its victory against ex-Finbank boss, Nwosu, who failed to stop his trial at the Supreme Court last week.

The Central Bank of Nigeria, under the leadership of Mallam Lamido Sanusi (now Emir of Kano), had, in 2009, petitioned the EFCC, asking the anti-graft agency to investigate Nwosu, Akingbola, Atuche and a former MD of the defunct Oceanic Bank, Mrs. Cecilia Ibru, who has since been convicted.

Based on its findings, the EFCC charged them before the Federal High Court, Lagos, on money laundering charges.

It subsequently initiated another charge of stealing against them before a Lagos High Court, Ikeja, having obtained a fiat from the Lagos State Attorney General.

Nwosu, however, challenged the charge at the Lagos High Court on the grounds that it was an abuse of court process and would expose him to double jeopardy.

He also questioned the jurisdiction of the state High Court. The Lagos High Court dismissed his objection. Nwosu then took the matter to the Court of Appeal, Lagos Division and won on November 21, 2014.

Subsequently, both Akingbola and Atuche argued that since their cases were identical with that of Nwosu, the charges against them should be struck out on the same grounds.

The Court of Appeal, therefore, struck out the charges against them on the same grounds.

In the last attempt, the EFCC took Nwosu’s matter to the Supreme Court and was handed a victory last week.

http://saharareporters.com/2016/07/06/bank-fraud-efcc-re-arraign-rogue-ex-bank-md-akingbola-atuche-nwosu

All the defunct bank MDs are suppose to rot in jails

ibe9ja:


There cannot be recovery but there may be manipulation on Friday in order to clear the offers and bid up the stock.

For those still trapped upon all the warnings and obvious monkey huntings, I no know wetin to tell una sha. My advice is to observe what will happen in the next few trading days. The skyebank that i know will probably manipulate the stock and clear the offers on ground except this one don over dem. But this does not stop the bank from going 6 feet under. Even if u see recovery or manipulation it is still better to sell afterwards and keep your money safe. It will be easier for a camel to pass through the eye of a needle than for skyebank to escape delisting. The shameless CBN listed Skyebank as one of the 8 banks that are “too big to fail” because their failure could pose a systemic risk to the banking industry. Just maybe some other banks may be on the line waiting for the dust to settle before they reveal themselves. It is better to restrict your investment to gtb and/or zenith in the banking sector.

-- This is a tumbu tumbu analysis. Don't take it serious 100% and don't PM me thinking I know what I am saying or thinking I am a guru.