SKYE BANK FINALLY AT 50K BUS STOP...

WHO IS NEXT? FIDELITY, STERLING OR DIAMOND?

feelamong:
SKYE BANK FINALLY AT 50K BUS STOP...

WHO IS NEXT? FIDELITY, STERLING OR DIAMOND?

The funny thing about this banks when result is released they may move up but suspicion of skye is people who are eyeing takeover may want to intentionally drag it down there for a while.

ExLaidback:


I won't rule anything out cos in business world nothing is impossible. But their predicament is caused primarily by FX troubles and devaluation not foolish spending like Skye (they have some huge liabilities denominated in dollars but they can reduce their exposure by FX swaps) . So ordinarily I think they are more likely to recover faster than Skye even if they post loss now. Just my opinion though

Just check the history of diamond impairment charges.Their NPL ratio is second only to first bank from the rear. They are also struggling with adequate capital and a futher devaluation of the naira will cause
their CAR to go below regulatory minimum of 15%. This is not the best of time for diamond bank.

pluto09:


Just check the history of diamond impairment charges.Their NPL ratio is second only to first bank from the rare. They are also struggling with adequate capital and a futher devaluation of the naira will cause
their CAR to go below regulatory minimum of 15%. This is not the best of time for diamond bank.

Yeah I think part of the NPL is caused by revaluation losses due to FX devaluation. That's dollar denominated loans increase with depreciation of naira (someone may confirm this as I may be wrong)

But this is a bad time for them truly. I warned about Diamond some 2 months back, someone said I wasn't making sense

angelo82:


Diamond is as reckless as skye and they may go the way of skye at last.The good thing is skye has already declared loss but Diamond is still struggling with the situation but to get out of the wood they will also declare loss at a point.

Reckless? Well I don't know. However they tried to play big in the SMSE/retail banking space and FX devaluation no favour them, but we are observing them keenly in 4D sef

ExLaidback:



Yeah I think part of the NPL is caused by revaluation losses due to FX devaluation. That's dollar denominated loans increase with depreciation of naira (someone may confirm this as I may be wrong)

But this is a bad time for them truly. I warned about Diamond some 2 months back, someone said I wasn't making sense

If you look at diamond bank results for the past 3 years, you will discover that they have always had issue with NPL. anyway sha,make we they look ...

feelamong:
SKYE BANK FINALLY AT 50K BUS STOP...

WHO IS NEXT? FIDELITY, STERLING OR DIAMOND?

Transcorp will get there faster than any bank

Thank God the 1kobo per value of stock was suspended, if not most stocks may be trading near that bottom for now.

Top 3 financial services volumes

Access 22m
Sterlnbank 14m
Diamond 4.6m

#weak volumes generally

feelamong:
SKYE BANK FINALLY AT 50K BUS STOP...

WHO IS NEXT? FIDELITY, STERLING OR DIAMOND?

Time will tell sir . Since there's no where to go again other than up, maybe one can look at Skye now and access it if it's buyable lol

What the secret behind PRESCO PLC , that stock has been resisting the bears.

fxuser:
Top 3 financial services volumes

Access 22m
Sterlnbank 14m
Diamond 4.6m

#weak volumes generally

FBNH jumps to top vol trades wt 26m traded

Oando

- 2 hammer candle stick back to back
- now on full bid , no offer

fxuser:


FBNH jumps to top vol trades wt 26m traded

....and diamondbnk with 35m

angelo82:
Thank God the 1kobo per value of stock was suspended, if not most stocks may be trading near that bottom for now.

It would have been better, because some of those yeye directors would have been shown the way out or deliver to the shareholders

fxuser:


FBNH jumps to top vol trades wt 26m traded

Diamond jumps ahead wt 34.8m trades

binaflexia:


....and diamondbnk with 35m

thats how some are waiting for fcmb to just try itself . . .
cant break 1.04 since this bear attack !

stocks with new 52 Weeks low
transcorp #0.70k
Wema #0.55k
Thomas wyatt #0.54k
Skye bank #0.50k
PZ #14.99k
berger paints #6.23k
no stocks with new 52 weeks high

[quote author=angelo82 post=51142081]Thank God the 1kobo per value of stock was suspended, if not most stocks may be trading near that bottom for now. [/quote

pluto09:


If you look at diamond bank results for the past 3 years, you will discover that they have always had issue with NPL. anyway sha,make we they look ...

Perhaps you're right then. I didn't go that far, only checked 2015 results

fxuser:


Diamond jumps ahead wt 34.8m trades

,

Na so so volume we dey see

On a related note I just called TRW stockbrokers, their buying and selling charges are 1.8 and 2.05, totalling 3.85%. the search continues.

Please who has information on cheaper commissions and folio (morgan type trading platform).

Time dey go oh.

K

kentoto:
,

Na so so volume we dey see

On a related note I just called TRW stockbrokers, their buying and selling charges are 1.8 and 2.05, totalling 3.85%. the search continues.

Please who has information on cheaper commissions and folio (morgan type trading platform).

Time dey go oh.

K

bros..cheap article dey run belle o!

kentoto:
,

Na so so volume we dey see

On a related note I just called TRW stockbrokers, their buying and selling charges are 1.8 and 2.05, totalling 3.85%. the search continues.

Please who has information on cheaper commissions and folio (morgan type trading platform).

Time dey go oh.

K

LOL,

And some people are complaining about Leadcap.

OBAGADAFFI:


LOL,

And some people are complaining about Leadcap.

,

The thing about commission is that, the cheaper, the better for jijo operations, at 4% it's not healthy oh.

Ok, I gree which broker the use folio ( morgan platform),

I need to move and start trading again.

K

kentoto:
,

The thing about commission is that, the cheaper, the better for jijo operations, at 4% it's not healthy oh.

Ok, I gree which broker the use folio ( morgan platform),

I need to move and start trading again.

K

Oga, leadcap is around 1.45 per transaction

OBAGADAFFI:

Oga, leadcap is around 1.45 per transaction

Got this from Leadcap.

3.Kindly be informed that we charge 0.75% for buying and selling on trades carried out with our online trading platform while offline we charge 1.35% for buying and selling.

pls explaine sir since u use them. 0.75 for buy and 0.75 for selling. or 0.75% total for buying and selling

Tritri:



Got this from Leadcap.

3.Kindly be informed that we charge 0.75% for buying and selling on trades carried out with our online trading platform while offline we charge 1.35% for buying and selling.

pls explaine sir since u use them. 0.75 for buy and 0.75 for selling. or 0.75% total for buying and selling

Can you specify when you got this information?

This is my current charges using their Leadtrade platform.

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)

This morning .

kentoto:
,

Na so so volume we dey see

On a related note I just called TRW stockbrokers, their buying and selling charges are 1.8 and 2.05, totalling 3.85%. the search continues.

Please who has information on cheaper commissions and folio (morgan type trading platform).

Time dey go oh.

K

Bros abeg if you see, kindly let us know. I've moved my stuff to Meristem for now though, couldn't delay anymore as this could be a critical period

Tritri:
This morning .

I think you're right, cus thier Brokerage fee is 0.7500%

But other stated fees are from the government and they are compulsory.

OBAGADAFFI:


I think you're right, cus thier Brokerage fee is 0.7500%

But other stated fees are from the government and they are compulsory.

,

Ok for lead capital , what about their trading platform, is it the one we are familiar with?

Lafarge Africa is wicked: for every 202 Ashaka Cement Share you will get 57 of their shares with N2. *spits on this option b".