onegentleguy:


This report vindicates my many assertions here on why I prefer FCMB ahead of DIAMOND BANK.
...a peer to peer comparison of their Q3 lays credence to this fact.
Even amongst the 3 musketeirs of FIDELITY, DIAMOND and FCMB, the latter clearly has a better CAR and NPL ratio.
Though Fidelity is the more healthy of the 3 when u consider other key indices.
But its clear that FCMB is currently very much in the right path. ...add that to the recent increased stake in Legacy pensions, and it will only serve to indirectly aid the improvement of their CAR going forward.

Again, this report backed by its Q3 report clearly shows why ACCESS BANK was, and still remains a must have in ones portfolio.
...but it's also a thing of choice though.

The report shows that FCMB, ACCESS, GTB, UBA and ZENITH are the only banks not affected by the new CBN rule. ...and so they can pay out their dividends without restrictions.

IchimokuPilot:



https://trwstockbrokers./2018/02/19/market-update-cbns-amended-dividend-policy-and-implications-for-coverage-banks/

dipoolowoo:
New CBN Rules: See Banks That Won't Pay Dividends to Shareholders
https://www.businesspost.ng/2018/02/19/new-cbn-rules-see-list-banks-wont-pay-dividends-shareholders/

IchimokuPilot:


FCMB 'forming' dividend FUGAZ....
Make elephant no come match am for floor...

millo:
House, abeg, any opinion if Skye is a good short/medium term buy?

dipoolowoo:
New CBN Rules: See Banks That Won't Pay Dividends to Shareholders
https://www.businesspost.ng/2018/02/19/new-cbn-rules-see-list-banks-wont-pay-dividends-shareholders/

Coolcash1:
All the concerns raised by you guys on the excessive tax liability and politicians whacking of tax revenue are completely and genuinely valid! I cannot but agree more with you.

For instance, in Lagos state alone there is multiple tax. There is virtually anything that the state government don't tax. With the way the govt is being aggressive with her tax drive, they will soon be taxing the air people breathe in and out...The local government miscreants (who call themselves revenue collectors) are even terribly worst. They come around to harass you for money as if it is their father that opened shop for someone.

The fact is, VAIDS will fail because of the structural problems bedeviling the country's socio-economic landscape. The unfortunate thing is that, it is people working assiduously and genuinely to source for daily income that would be threatened, harassed and MILKED by the VAID officials. Or will these officials have the political will to go after the likes of Saraki,Babangida, Atiku,Obasanjo,Tinubu, house of rep members, senators, ministers et al even Buhari to explain and disclose their sources of income? Never! The VAIDS policy, of course, don't cover such institutions (sorry individuals... )

So long there is still overt corruption, lack of transparency and accountability on how the meager tax collected is spent by government, there will continue to be low appetite for compliance by the people to tax. As a matter of fact, even the tax authority does not even support 100% compliance because it affects the bottom line.... ...Our tax system and governance is just a shit-hole that only takes the little that poor or low income people have to subsidize the rich class...i.e anti regressive.

RabbiDoracle:


Pa Wanaj0, Emma and others are correct.

They will have charge capital gain taxes on gains from shares disposal.

Coolcash1:


Though I don't know what you mean by those people you mentioned are correct. However, what I know unless it has changed is that there is no capital gains tax on shares disposal. Help yourself by reading the act itself.

RabbiDoracle:


Fcmb go surprise una with 10kobo again

I dey car park dey wait.

Zhirinovsky:
Someone should give us the highlights of livestock result na

rebekah2011:
FCMB has just 19.8b outstanding shares. 10kobo dividend will just be 1.98b. A subsidiary should be able to pay this one. First Bank has 38.895b.
30kobo dividend is like 10b. Can FBN Quest or FBN Capital pay this as dividend. Interesting days ahead

dipoolowoo:
New CBN Rules: See Banks That Won't Pay Dividends to Shareholders
https://www.businesspost.ng/2018/02/19/new-cbn-rules-see-list-banks-wont-pay-dividends-shareholders/

Mpeace:
My broda, go and listen to Fbnh conference call from 2016 to date, they have always emphasised that first bank retains all its profit and those not contribute to dividend to the holding company. They have always paid dividends from their subsidiaries. The dividends paid in 2016 and 2017 were from those subsidiaries. What when they announce board meeting, it would be for consideration of result and dividend.

dipoolowoo:
New CBN Rules: See Banks That Won't Pay Dividends to Shareholders
https://www.businesspost.ng/2018/02/19/new-cbn-rules-see-list-banks-wont-pay-dividends-shareholders/

ihedioramma:
There wellcome back home .

Intendy:
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stock with new 52 week highs

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pluto09:



Not exactly.
We have two major problems in the country.
What we generate as revenue is too low and we misappropriate the little that we generate.
It is not only about politicians /executive, we are all involved.

olyrayy:
Good day ogas in the house. I'm a newbie who is a fan of the value investment approach. Been following this thread since 2013 but drifted away. I just started buying my first stocks.

I'm also currently reading Benjamin Graham's the Intelligent Investor for the second time.

So, my question is this, where can get access to company financial statements that go back in time, say for a 5 to 10 year horizon? I am quite open to paid options if I'll get quality from it. If it's impossible also let me know. cc emmanuelewumi RabbiDoracle and any other ogas I have failed to mention.

Thanks.

ukay2:
Brent crude now $65.54/bl........KEEPING EYES ON THE OIL

locodemy:
@oracle.I need fcmb 10kobo dividend as usual.The stock is already mandated to my bank account.I need the price to come to 1.50 so I can load as much as my money will contain.

I promise the forum another round of drinks if this happens............

RabbiDoracle:


Brent keeps rising.... NSE keeps falling. Hope you see the negative correlation?