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Nairaland Forum / Nairaland / General / Investment / Nigerian Stock Exchange Market Pick Alerts (11420902 Views)
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Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 10:36am On Oct 26, 2016 |
Intendy: i think result is better than this naw! |
Re: Nigerian Stock Exchange Market Pick Alerts by ExLaidback: 10:44am On Oct 26, 2016 |
Ogas in the house abeg how many stock brokers have like the itrade platform, where you have direct access to the market and you can live trade, i.e. real time (unlike Investment-One's Easytrade which the broker still has to input for you). If you can list them and their commission if you know it, i'd be grateful. This is why I didn't want to make the switch to Morgan earlier. My years in employment has taught me that nothing beats reliable and customer friendly service. Nothing. Thanks |
Re: Nigerian Stock Exchange Market Pick Alerts by agisky1975: 10:49am On Oct 26, 2016 |
morgan capital itrade still down,na wa o |
Re: Nigerian Stock Exchange Market Pick Alerts by OBAGADAFFI: 10:50am On Oct 26, 2016 |
Intendy: LOL, Transcorp CFO coming to First Bank. Hope he is competent, for the Job. |
Re: Nigerian Stock Exchange Market Pick Alerts by OBAGADAFFI: 10:52am On Oct 26, 2016 |
ExLaidback: Something like this. https://leadtraderng.com/index.php?page=guest.ResearchOverview |
Re: Nigerian Stock Exchange Market Pick Alerts by ihedioramma: 10:53am On Oct 26, 2016 |
locodemy:What is FBNH trying to say or is that result ? |
Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 11:00am On Oct 26, 2016 |
ihedioramma: my brother,they are securing job for one big oga while we are waiting for result here. |
Re: Nigerian Stock Exchange Market Pick Alerts by ExLaidback: 11:02am On Oct 26, 2016 |
OBAGADAFFI: Exactly, Thanks bros. But what's their total charge %, i.e. buy and sell? For some inexplicable reason both my phones are down and I can't place calls to the brokers. But I just got of a live chat with Meristem and I called them earlier in the week. They seem to have a responsive customer service. Total buy and sell commission is 3.75%. I went from I-One to Morgan now I may go to Meristem except I find another broker at that level of efficiency and with lesser commision |
Re: Nigerian Stock Exchange Market Pick Alerts by stokfrick: 11:07am On Oct 26, 2016 |
OBAGADAFFI: Pls how fast does cancellation of a buy or sell order entry take place on leadtrader |
Re: Nigerian Stock Exchange Market Pick Alerts by OBAGADAFFI: 11:18am On Oct 26, 2016 |
ExLaidback: Brokerage - 0.7500% VAT - 0.0% NSE FEES -0.30% MSE VAT - 0.000% CSCS FEE -0.30% CSCS VAT -0.000% CSCS X-ATERT FEE - 0.000% CSCE VAT - 0.00% SEC FEES -0.00% STAMP DUTIES -0.0750% TOTAL - 1.425(my calculations might not be accurate) 2 Likes 1 Share |
Re: Nigerian Stock Exchange Market Pick Alerts by fxuser: 11:20am On Oct 26, 2016 |
AfriPrud and UBN Q3 OUT ! more expected |
Re: Nigerian Stock Exchange Market Pick Alerts by ExLaidback: 11:20am On Oct 26, 2016 |
OBAGADAFFI: Hmmm...Thanks boss |
Re: Nigerian Stock Exchange Market Pick Alerts by ExLaidback: 11:21am On Oct 26, 2016 |
fxuser: ![]() ![]() ![]() Afriprud is reacting accordingly to the Nigerian economy. This is why I have a bit of faith in UCAP. Even without the sale of their interest in an investee (the insurance firm) that they carried out in second qtr, their result was still better than last year. But then again their (i.e. Afriprud's) cash flow says they have spent a considerable amount of money investing in financial assets this year so maybe the assets have not done as well as expected or their returns are expected from next year (so better result next year) - I saw some govt bonds there maturing in 2017 on the reports. But there was a little increase in revenue from their supposed primary business source which is registrar's fee. |
Re: Nigerian Stock Exchange Market Pick Alerts by OBAGADAFFI: 11:24am On Oct 26, 2016 |
stokfrick: Well that depends on how fast the trades are executed. My last trades was executed in +/- two minutes, while some take days to execute. But you can cancel trades if they are not executed within 30 minutes. |
Re: Nigerian Stock Exchange Market Pick Alerts by Intendy: 11:25am On Oct 26, 2016 |
Re: Nigerian Stock Exchange Market Pick Alerts by Intendy: 11:27am On Oct 26, 2016 |
Re: Nigerian Stock Exchange Market Pick Alerts by stokfrick: 11:29am On Oct 26, 2016 |
[quote author=OBAGADAFFI post=50520977] Brokerage - 0.7500% VAT - 0.0% NSE FEES -0.30% MSE VAT - 0.000% CSCS FEE -0.30% CSCS VAT -0.000% CSCS X-ATERT FEE - 0.000% CSCE VAT - 0.00% SEC FEES -0.00% STAMP DUTIES -0.0750% TOTAL - 1.425(my calculations might not be accurate) [r Thanks |
Re: Nigerian Stock Exchange Market Pick Alerts by OBAGADAFFI: 11:32am On Oct 26, 2016 |
Intendy: Another drop in profit. EPS 41(2016) vs 54(2015) |
Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 11:39am On Oct 26, 2016 |
OBAGADAFFI: Na the same way ABC Transport did(quarter on quarter,year on year profit drop) before they finally find themselves for car park.nothing much expected at year end. |
Re: Nigerian Stock Exchange Market Pick Alerts by OBAGADAFFI: 11:40am On Oct 26, 2016 |
stokfrick: I have canceled lots orders, some in +/- 5 minutes, +/-10 minutes. But not more than 30 minutes. Note - this depends in the speed of execution of the orders, some orders are executed in +/- two minutes. |
Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 11:42am On Oct 26, 2016 |
Think morgan should hav alternative manual platform for execution of trade should the itrade goes down.they dont even reply correspondence let alone execution of trade!na wa o |
Re: Nigerian Stock Exchange Market Pick Alerts by OBAGADAFFI: 11:43am On Oct 26, 2016 |
locodemy: But Union Bank Result is not bad. EPS 77(2016) EPS 55(2015) |
Re: Nigerian Stock Exchange Market Pick Alerts by agisky1975: 11:43am On Oct 26, 2016 |
Intendy:please how good is this result |
Re: Nigerian Stock Exchange Market Pick Alerts by Mpeace(m): 11:49am On Oct 26, 2016 |
DOLLARTEX:I am begining to doubt the safety of my investment with morgan capital. It doesn't seem to be just about itrade, the company as a whole seems to be down. No response to emails, they don't pick calls, they hardly credit ones stock account after lodgement in bank, they hardly credit ones account with proceeds of sale etc there is certainly fire on the mountain. |
Re: Nigerian Stock Exchange Market Pick Alerts by ExLaidback: 11:53am On Oct 26, 2016 |
Mpeace: After their Oga passed on, I started being apprehensive of this kind of scenario and wanted to move my portfolio. But some broses on this forum said there's nothing to worry about. As a newbie i calmed down. Now I'm regretting it. The only luck one has is that I have no free cash sitting with them, as everything is invested. So na just to move my entire portfolio go another broker if their own too much. |
Re: Nigerian Stock Exchange Market Pick Alerts by OBAGADAFFI: 11:54am On Oct 26, 2016 |
Market suddenly react to Union Bank result. ![]() -4.5% to +1.11% |
Re: Nigerian Stock Exchange Market Pick Alerts by OBAGADAFFI: 11:57am On Oct 26, 2016 |
Re: Nigerian Stock Exchange Market Pick Alerts by fxuser: 12:03pm On Oct 26, 2016 |
is Morgan working |
Re: Nigerian Stock Exchange Market Pick Alerts by fxuser: 12:04pm On Oct 26, 2016 |
big FBN Vols |
Re: Nigerian Stock Exchange Market Pick Alerts by angelo82: 12:06pm On Oct 26, 2016 |
PRESS RELEASE Lagos, Nigeria – 26 October 2016 FBN HOLDINGS PLC. REPORTS GROSS EARNINGS OF N417.3 BILLION FOR THE NINE MONTHS ENDED 30 SEPTEMBER 2016 FBN Holdings Plc. (“FBNH” or “FBN Holdings” or the “Group”) today announces its unaudited results for the nine months ended 30 September 2016. Income Statement Gross earnings of N417.3 billion, up 7.0% year-on-year (y-o-y) (Sept 2015: N390.0 billion) Net-interest income of N202.9 billion, up 5.2% y-o-y (Sept 2015: N192.9 billion) Non-interest income of N131.0 billion, up 56.5% y-o-y (Sept 2015: N83.7 billion) Operating income of N333.9 billion, up 20.7% y-o-y (Sept 2015: N276.6 billion) Impairment charge for credit losses of N114.7 billion (Sept 2015: N46.6 billion) Operating expenses of N161.8 billion, down 5.1% y-o-y (Sept 2015: N170.4billion) Profit before tax of N57.5 billion, down 3.5% y-o-y (Sept 2015: N59.6 billion) Profit after tax N42.5 billion, down 15.3% y-o-y (Sept 2015: N50.2 billion) Statement of Financial Position Total assets of N5.1 trillion, up 21.6% year-to-date (y-t-d) (Dec 2015: N4.2 trillion) Customer deposits of N3.3 trillion, up 10.9% y-t-d (Dec 2015: N2.97 trillion) Customer loans and advances (net) of N2.2 trillion, up 21.6% y-t-d (Dec 2015: N1.8 trillion) Key Ratio Post-tax return on average equity of 9.4% (Sept 2015: 12.2%) Post-tax return on average assets of 1.2% (Sept 2015: 1.5%) Net-interest margin of 7.5% (Sept 2015: 7.7%) Cost to income ratio of 48.4% (Sept 2015: 61.6%) NPL ratio of 24.9% (Sept 2015: 4.8%) 54.3% liquidity ratio (FirstBank (Nigeria)) (Sept 2015: 49.7%, Dec 2015: 58.6%) 15.4% Basel 2 capital adequacy ratio (CAR) [excluding 9M 2016 profit] (FirstBank (Nigeria) (Sept 2015: 16.0%, Dec 2015: 17.1%) 28.9% Basel 2 CAR (FBN Merchant Bank) (Sept 2015: 18.7%, Dec 2015: 24.9%) Notable Developments Leadership appointments across the Group: FBNHoldings Plc. Cecilia Akintomide and Oluwande Muoyo were appointed Independent Non-Executive Directors, effective 19 July, 2016 FirstBank and its subsidiaries: Patrick Iyamabo was appointed Chief Financial Officer, effective 15 August, 2016 Olusegun Alebiosu was appointed Chief Risk Officer, effective 5 September, 2016 FBN Merchant Bank Limited: Akin Osinbajo and Babatunde Odunayo were appointed Non-Executive Directors, effective 19 July, 2016 FBN General Insurance Limited: Titi Adebiyi, Yusufu Modibbo, Hernie Nel and Johan Schalkwyk were appointed Non-Executive Directors, effective 19 July, 2016 FBN Insurance Brokers Limited: Folarin Alayande was appointed Non-Executive Director, effective 19 July, 2016 Commenting on the results, UK Eke, the Group Managing Director said: “FBNHoldings’ performance has again demonstrated its underlying resilience despite the ongoing macroeconomic and business challenges with gross earnings and profit before tax closing at N417.3 billion and N57.5 billion respectively. This has been achieved through sustained revenue generation as well as increased cost efficiencies. Although the current currency weakness is a challenge for our remedial process, we are steadfastly progressing on improving the overall risk management culture, governance and technology as well as the degree of compliance across the Group”. “The Group remains committed to ensuring sustained improvement in our performance with a view to restoring shareholder value”. **Full press release and adjoining financial statements are attached** FBNHoldings will host a question and answer teleconference call with analysts and investors on the unaudited nine months ended 30 September 2016 results today Wednesday 26 October 2016 at 3:00pm UK / 3:00pm Lagos / 10:00am New York / 4:00pm Johannesburg & Cape Town. The teleconference call facility can be accessed by dialling: +234 1 277 6330 (Nigeria); 0800 358 6377 (United Kingdom) or +44 20 7026 5967 (United Kingdom); +1 800 347 6311 or +1 719 325 4746 (United States); or 0800 998 654 or +27 11 844 6118 (South Africa). And then entering the following confirmation code: 8826595# Participants are advised to register for the call at least five minutes before the start of the call. For those who are unable to listen to the live call, a recording will be posted on the Company’s website. Replay facilities are also available for a week after the call by dialling: United Kingdom: 0808 101 1153 or +44 20 7660 0134; US: +1 719 457 0820 or +1 888 203 1112 Passcode: 8826595# An investor presentation will be available ahead of the call today on the FBNHoldings website. Click here to access the presentation. For further information please contact: Tolulope Oluwole (Ag. Head, Investor Relations) +234 1 905 2720 Tolulope.o.oluwole@fbnholdings.com 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by lancee(m): 12:07pm On Oct 26, 2016 |
fxuser: viewing on meritrade..,morgan not doing good |
Re: Nigerian Stock Exchange Market Pick Alerts by angelo82: 12:12pm On Oct 26, 2016 |
FBN result about to pull banking stocks down.NPL increase will continue to be a set back for the stock. |
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