Diamond highlights:
Operating loss despite one-off incomes
Stanbic IBTC reduced position in shareholding by approx 3.5% #flag
Charity expenses up almost 70% (353 to 519 million)
Balance sheet shrank by almost N 300 billion (approx $1 billion)
Fees and income commission down 10%, cost remain flat
Trading income 70% down
Operating expenses 18% up
Profit grew -330% from N 3.5 billion to (N 9 billion)
EPS grew by same margin from 15k to (39k)


This upon all the disposals....................Q1 finna bloody in my opinion.

Teeonly:
http://www.nse.com.ng/Financial_NewsDocs/22293_DIAMOND_BANK_PLC_FINANCIAL_STATEMENTS_MAY_2018.pdf

d father shud hv sold d bank since, reminds me Oceanic .
family run banks sha

#smh

Well, goodbye to NSE till November. Diamond Bank is the last stock I was hoping to buy and "chop" once they surprise the market with a good result and I was watching/waiting closely with my bid ready. I can't recall how my times I had to refresh that NSE page.

Well, I hope members are not heavy here.

DaV8King:
Diamond highlights:
Operating loss despite one-off incomes
Stanbic IBTC reduced position in shareholding by approx 3.5% #flag
Charity expenses up almost 70% (353 to 519 million)
Balance sheet shrank by almost N 300 billion (approx $1 billion)
Fees and income commission down 10%, cost remain flat
Trading income 70% down
Operating expenses 18% up
Profit grew -330% from N 3.5 billion to (N 9 billion)
EPS grew by same margin from 15k to (39k)


This upon all the disposals....................Q1 finna bloody in my opinion.

to cap it bloody director are awarding contracts to themselves and their companies

Mpeace:
I DON DIE. OFF TO...

See what hope did to you.

Now you understand the proverb that : a bird in hand is worth more than 1,000 in the bush.

Mpeace:
Uniin bank result is out, diamondbank to follow. Vacation to SA loading

You really need to go on that vacation.

RabbiDoracle:


See what hope did to you.

Now you understand the proverb that : a bird in hand is worth more than 1,000 in the bush.

RabbiDoracle:


See what hope did to you.

Now you understand the proverb that : a bird in hand is worth more than 1,000 in the bush.

No be only him o.we plenty wey get this proverb.I pray that God will give us the fortitude to bear this losses and listen to red flag warnings next time.

Make una no finish this guy na

mendes911:


You really need to go on that vacation.

RabbiDoracle:


See what hope did to you.

Now you understand the proverb that : a bird in hand is worth more than 1,000 in the bush.

Shiiii. Don't add salt to this woundjure.

Dwizeone:
Make una no finish this guy na

That was a candid post sir. If he's as heavy as he said, he should take a vacation and go cool off. I have been there and I am saying what worked for me.

#OandoSaga...$1B.Loss.

Dwizeone:
Make una no finish this guy na

He still has oando and Transcorp.Hope is not lost anyway.He can recover all from these two if his investment in diamond is not 80% of his portfolio.

Revibe:


I have also found this a bit confusing too. Fidelity's Qualification Date is 11th of May, Closure of register is 14th-18th of May and Payment date is on the 25th. What does the Closure of register mean?

As the name implies

Register is closed at that time . Meaning that even if you qualify and the Registrars don't add your name during this 14th to 18th of May, you will not receive your dividend.

Example: if it is your first time to buy Fidelity and you bought on the qualification date (11th May), and you fill your e-dividend form and sent to the bank. You actually qualified to receive the dividends. If the bank doesn't send your form to the registrar between 14 - 18 May, they will close the register and your dividends will not be sent to your account. So your dividends will still be with them and you will need to go to their office or until the form reaches them before they process.

GTay:
Diamond on full offer as expected following a dismal '17 result...could be much worse tomorrow

Tomorrow is Saturday

mendes911:


Full offer with about 7m at the lowest of the day.

E be like say 70k is loading.

#RunsAway....

I told you guys 80kobo before.

RabbiDoracle:


I told you guys 80kobo before.

maishai:


is diamond bank about to fold, more than 50% of the money, they lent out was lost, just check out customers deposit, even that went down, men na to withdraw both my account and investment with this bank

Went down by what percentage?

If it is much , then there is more they are yet explain.

RabbiDoracle:

I told you guys 80kobo before.

chai.Na people money you dey abuse o.

mendes911:


This result might bring panic to the whole market. No amount of Q1 result will save face here. There is a problem. A serious one.

When I saw other Tier 2, I suspected there was problem and advised we enter Tier 1 for safety.

It is still not late. Buy a mattress for storage or enter Tier 1 at a good price. GUZ

RabbiDoracle:


I told you guys 80kobo before.

I was banking on N1.00. Seems like I was too generous.

RabbiDoracle:


When I saw other Tier 2, I suspected there was problem and advised we enter Tier 1 for safety.

It is still not late. Buy a mattress for storage or enter Tier 1 at a good price. GUZ

A pillow case is big enough for me. Am not as big as you are.

mendes911:


This result might bring panic to the whole market. No amount of Q1 result will save face here. There is a problem. A serious one.

Most likely FCMB and FIDELITY may have to slow down and shift backwards as a ripple effect from diamond's woes.

RabbiDoracle:


Went down by what percentage?

If it is much , then there is more they are yet explain.

...U dey see road sha.

mendes911:
Diamond Q1

http://www.nse.com.ng/Financial_NewsDocs/22293_DIAMOND_BANK_PLC_FINANCIAL_STATEMENTS_MAY_2018.pdf

Drop from Q1 2017.

Wait oooo. Is this 14k annualised?

Sharp drop in Q1 PAT.



Cc Mpeace

locodemy:
No be only him o.we plenty wey get this proverb.I pray that God will give us the fortitude to bear this losses and listen to red flag warnings next time.

Double tragedy. So sorry Loco. You will surely regain the losses somehow, somewhere (in another stock), someday.
I like the fact that you are consoling yourself. Just keep your hopes up.

Kashif:
Ha! What hit Diamond bank?? On top the divestment?

Thank God I firmly sat on my fingers when the temptation came. Wetin I for tell my children?

Na wa o! Na sub N1.00 get am now

80kobo or below will be the safety level anyone can invest.

The guy is heavy in diamond though and he could have cashed out, but then this experience is one you wouldn't want to have

locodemy:


He still has oando and Transcorp.Hope is not lost anyway.He can recover all from these two if his investment in diamond is not 80% of his portfolio.

RabbiDoracle:


When I saw other Tier 2, I suspected there was problem and advised we enter Tier 1 for safety.

It is still not late. Buy a mattress for storage or enter Tier 1 at a good price. GUZ

To the part in bold, u are a sharp man !!
I particularly love the last 2 alphabet. ...expected ROI are much better there than in the 1st.
Those 2 are also a part of the recommended list of 20.

kolaish:
it will bring panic only to Diamond because "Na only them waka come with this type of nonsense result"

Yes ooo... Very well put.

This will even cause bull in some other banking stocks sef.

Dwizeone:
Make una no finish this guy na

LOL. He was warned severally here I believed. He could have somehow reduced his exposure then.

Kashif:


Bad guy!

Maybe I should even take out my deposit with them. This is really disturbing...

Hmmm...this will cause a run ooo if alot of people do this ooo.

PETERiCHY:
Bravo! MMM and FDI quietly doing their dumping @ Transcrorp.

Nothing to Excite the market for now so I and my household patiently waiting @ Sub #1:50k

*ThE OcToPuS*

No one is dumping transcorp o

Daily volume hasnt exceeded 10m unitsin the past 7 days.
And the trades have been going both ways.

Weak market activity is whats making it slow.

Sentiments will soon change.