Intendy:
http://nse.com.ng/Financial_NewsDocs/15240_FBN_HOLDINGS_APPOINTMENT_OF_CFO_CORPORATE_ACTIONS_OCTOBER_2016.pdf

isokay

i think result is better than this naw!

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

morgan capital itrade still down,na wa o

Intendy:
http://nse.com.ng/Financial_NewsDocs/15240_FBN_HOLDINGS_APPOINTMENT_OF_CFO_CORPORATE_ACTIONS_OCTOBER_2016.pdf

isokay

LOL, Transcorp CFO coming to First Bank.

Hope he is competent, for the Job.

ExLaidback:
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

Something like this.

https://leadtraderng.com/index.php?page=guest.ResearchOverview

locodemy:


i think result is better than this naw!

What is FBNH trying to say or is that result ?

ihedioramma:
What is FBNH trying to say or is that result ?

my brother,they are securing job for one big oga while we are waiting for result here.

OBAGADAFFI:


Something like this.

https://leadtraderng.com/index.php?page=guest.ResearchOverview

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

OBAGADAFFI:


Something like this.

https://leadtraderng.com/index.php?page=guest.ResearchOverview

Pls how fast does cancellation of a buy or sell order entry take place on leadtrader

ExLaidback:


Exactly, Thanks bros. But what's their total charge %, i.e. buy and sell?

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)

AfriPrud and UBN Q3 OUT !
more expected

OBAGADAFFI:


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)

Hmmm...Thanks boss

fxuser:
AfriPrud and UBN Q3 OUT !
more expected

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.

stokfrick:


Pls how fast does cancellation of a buy or sell order entry take place on leadtrader

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.

[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

Intendy:
http://nse.com.ng/Financial_NewsDocs/15242_AFRICA_PRUDENTIAL_REG_Q3_SEPT_2016_FINANCIAL_STATEMENTS_OCTOBER_2016.pdf

Another drop in profit.

EPS 41(2016) vs 54(2015)

OBAGADAFFI:


Another drop in profit.

EPS 41(2016) vs 54(2015)

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.

stokfrick:




Obagadafi, pls have u ever tried cancelling orders, if so how fast does it occur?

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.

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

locodemy:


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.

But Union Bank Result is not bad.

EPS 77(2016) EPS 55(2015)

Intendy:
http://nse.com.ng/Financial_NewsDocs/15243_UNION_BANK_PLC_Q3_SEPT_2016_FINANCIAL_STATEMENTS_OCTOBER_2016.pdf

please how good is this result

DOLLARTEX:
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

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.

Mpeace:
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 whloe 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.

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.

Market suddenly react to Union Bank result.

-4.5% to +1.11%

is Morgan working

big FBN Vols

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

fxuser:

big FBN Vols

viewing on meritrade..,morgan not doing good

FBN result about to pull banking stocks down.NPL increase will continue to be a set back for the stock.