maishai:
pls o who know the people that wrecked skye bank o

The shareholders are responsible!

my heartfelt condolence to all skyebank shareholders on NSEMPA

DeRuggedProf:


The shareholders are responsible!

Lol. The innocent, powerless shareholders. Shadow shareholders.
cbn is more responsible.
Unfortunately the shareholders always suffer the consequences

The Chairman, Board of Directors, Honeywell Flour Mills, Dr Oba Otudeko has said shareholders of the company have approved the payment of 60 kobo for every 50 kobo ordinary share, amounting to a total of N475.8 million for the 2018 financial year.

Otudeko made this disclosure while speaking at the company’s 9th Annual General Meeting in Lagos.

The Chairman assured shareholders that in the new year, the company will advance its focus to build market-strong, highly-desired and recognisable consumer brands that would be well distributed across Nigeria.

Lanre Jaiyeola, the Managing Director, Honeywell Flour Mills, said the company successfully contended with macroeconomic challenges, including higher energy and transportation costs, through the meticulous execution of its continuous improvement strategy.

According to Jaiyeola, the company had implemented strategic projects to limit production losses, conserve energy and reduce downtime from equipment failure.

Jaiyeola added that the company’s management also implemented a carefully planned input-cost management strategy to ensure profitability, even amid the pressures of the tough operating environment.

“THROUGHOUT THE PERIOD UNDER REVIEW, HONEYWELL FLOUR MILLS PLC WAS FOCUSED ON ITS MISSION TO PROVIDE NUTRIENT-FORTIFIED FOOD PRODUCTS TO MORE THAN 1.3 BILLION CONSUMERS, IN FURTHERANCE OF ITS AMBITION TO SIGNIFICANTLY CONTRIBUTE TO FOOD SECURITY IN NIGERIA.

“THE COMPANY REMAINS VERY OPTIMISTIC ABOUT THE FUTURE OF THE BUSINESS AND WE LOOK FORWARD TO THE NEW FINANCIAL YEAR WITH EXCITEMENT GIVEN THE ENORMOUS WORK THAT HAS BEEN DONE TO ENSURE COMMENCEMENT OF PRODUCTION AT THE NEW FACTORY SITE IN SAGAMU AND ROLL OUT OF NEW PRODUCTS.” – JAIYEOLA

Honeywell Flour Mills had released its income statement for the period ended June 30, 2018.

The company’s revenue decreased to N17.7 million from N18.2 million in 2017. Profit before tax for the period stood at N127 million as against N804 million in 2017. Also, profit after tax dipped to N102 million compared to N643 million in 2017.

Abeg make them no sack my broda inlaw wey dey work there. Work hard to get these days.

Okay the tsunami is brewing

Agbalowomeri:
Okay the tsunami is brewing

Food don land for this guy.

tritritri:
The Chairman, Board of Directors, Honeywell Flour Mills, Dr Oba Otudeko has said shareholders of the company have approved the payment of 60 kobo for every 50 kobo ordinary share, amounting to a total of N475.8 million for the 2018 financial year.

Otudeko made this disclosure while speaking at the company’s 9th Annual General Meeting in Lagos.

The Chairman assured shareholders that in the new year, the company will advance its focus to build market-strong, highly-desired and recognisable consumer brands that would be well distributed across Nigeria.

Lanre Jaiyeola, the Managing Director, Honeywell Flour Mills, said the company successfully contended with macroeconomic challenges, including higher energy and transportation costs, through the meticulous execution of its continuous improvement strategy.

According to Jaiyeola, the company had implemented strategic projects to limit production losses, conserve energy and reduce downtime from equipment failure.

Jaiyeola added that the company’s management also implemented a carefully planned input-cost management strategy to ensure profitability, even amid the pressures of the tough operating environment.

“THROUGHOUT THE PERIOD UNDER REVIEW, HONEYWELL FLOUR MILLS PLC WAS FOCUSED ON ITS MISSION TO PROVIDE NUTRIENT-FORTIFIED FOOD PRODUCTS TO MORE THAN 1.3 BILLION CONSUMERS, IN FURTHERANCE OF ITS AMBITION TO SIGNIFICANTLY CONTRIBUTE TO FOOD SECURITY IN NIGERIA.

“THE COMPANY REMAINS VERY OPTIMISTIC ABOUT THE FUTURE OF THE BUSINESS AND WE LOOK FORWARD TO THE NEW FINANCIAL YEAR WITH EXCITEMENT GIVEN THE ENORMOUS WORK THAT HAS BEEN DONE TO ENSURE COMMENCEMENT OF PRODUCTION AT THE NEW FACTORY SITE IN SAGAMU AND ROLL OUT OF NEW PRODUCTS.” – JAIYEOLA

Honeywell Flour Mills had released its income statement for the period ended June 30, 2018.

The company’s revenue decreased to N17.7 million from N18.2 million in 2017. Profit before tax for the period stood at N127 million as against N804 million in 2017. Also, profit after tax dipped to N102 million compared to N643 million in 2017.

Nice dividend declared. please when is the qualification n payment date

Mpeace:
Food don land for this guy.

This will drag them to our various junctions
My emotions are those of a cold murderer
No mercy for Adam

Okay. I came to check how many people are making jest already after reading the news but seems none yet.
Nigeria's dirty politics is at play again.
Why not saying the bank did well, I however strongly believed that something is not right somewhere.
The question is : why are they retaining the management for good performance as things turned south for the bank?

Skye Bank - I guess the "Foreign Hot Money" have just landed!!!

I hope none of us here is affected. I said it the other day that because a corpse is yet to be buried does not mean it's still alive. Only time will tell.

My heart felt sympathy goes out to all Skye Bank Shareholders. I hope their shares won't go the way of my BankPHB shares.

BTW, why would CBN pull this kind of stunts always on a Friday, after working hours. Such a long weekend ahead!

gabscity:


Nice dividend declared. please when is the qualification n payment date

Na 6kobo o before dem mislead u enter bush

Mcy56:
Okay. I came to check how many people are making jest already after reading the news but seems none yet.
Nigeria's dirty politics is at play again.
Why not saying the bank did well, I however guess somethin lg is not right somewhere.
The question is : why are they retaining the management for good performance as things turned south for the bank?

They appointed the management in the first place so they will not want to indict themselves.
But hope u sold.

Mpeace:
They appointed the management in the first place so they will not want to indict themselves. But hope u sold.

Thing is, this receivership was politically motivated. We should expect more of these drama as election period approaches.
If the management had done well, the bank would not fail like this, considering the fact that intervention funds were injected into it for well over two years.
Its just painful that things can't just be done right as should be in Nigeria.
Now this is going to send panic into the market again.
Its not even about the market alone but those banking with Skye and even other banks now. The staffers not excluded.

Next Diamond......

Agbalowomeri:
Next Diamond......

lol.

Agbalowomeri:
Next Diamond......

Hhmm, it is well.

Agbalowomeri:
Next Diamond......

Suffri Suffri baba

Those behind wrecking Skye bank are those in power. Power play and politics at its peak here. I read somewhere some few days ago that those owing the bank are too big for the bank to recover their funds from.....
We continue to watch the drama series as it unfolds.....

They announced on friday evening so that people will not rush there to withdraw....anyway atm dey before they yarn another say e don close

DeRuggedProf:


Too bad!
One trading rule everyone MUST imbibe is to avoid completely any stock that keeps its quarterly and annual results!
No matter how tempted, walk away.
On NSE, a one night stand almost always end up producing a baby mama.
If you expect a baby, why take a woman without a womb to bed?
I was severally burnt almost beyond recognition doing that.
Fidelity was not a bad buy below N1.59, but I consistently avoided JIJO after I felt their Q2 was delayed unduly and will stay away until they release that result.
I prefer to JIJO on a VERY bad result than NO RESULT.
When you keep your result, I keep my cash.

Does not apply to gamblers!

Agbalowomeri:


Na 6kobo o before dem mislead u enter bush

Why are you hastily trying to discourage people

Mcy56:
Okay. I came to check how many people are making jest already after reading the news but seems none yet.
Nigeria's dirty politics is at play again.
Why not saying the bank did well, I however strongly believed that something is not right somewhere.
The question is : why are they retaining the management for good performance as things turned south for the bank?

What gave you that impression? You done see result?

Once CBN takes over a bank, the bank is as good as dead. Once AMCON takes over, na burial ceremony next!

gamaliel9:
They announced on friday evening so that people will not rush there to withdraw....anyway atm dey before they yarn another say e don close

ooooh I dash you all the outstanding shares of skyebank.the formal chairman Ayeni should be held accountable for this,using customers funds for political jambo.

wanaj0:
Why are you hastily trying to discourage people

LOL. When I first saw 60k , I was like, how come?
Thank God it's weekend, some wouldn't have ask very well before rushing to buying it.

wanaj0:
What gave you that impression? You done see result?
Once CBN takes over a bank, the bank is as good as dead. Once AMCON takes over, na burial ceremony next!

Sir, you were right.........but why dont they publicize the financial reports first before taking over? Why is the news coming in on Friday evening? Why no audit and audit report on the part of CBN?
CBN's hands were not clean in all these.

OneGentleguy come and put mouth for this Skye bank matter o. This is not your prophecy o. Are you one of them?

CBN Withdraws Operating License of Skye Bank
https://www.businesspost.ng/2018/09/21/cbn-revokes-operating-license-of-skye-bank/

Mcy56:

Sir, you were right.........but why dont they publicize the financial reports first before taking over? Why is the news coming in on Friday evening?
CBN's hands were not clean in all these.

You want CBN to perform a miracle Skye died before CBN intervention.

Mcy56:
Those behind wrecking Skye bank are those in power. Power play and politics at its peak here. I read somewhere some few days ago that those owing the bank are too big for the bank to recover their funds from.....
We continue to watch the drama series as it unfolds.....

Well, it gain 4% today. Will be good to see what the charts are saying so as to plan the trades for Monday. NSE should not suspend trading on the shares yet ooo

That will most likely happen on Monday or next week when the market resumes.

It's unfortunate for shareholders of Skye Bank, who didn't exit before now like I did this week

wanaj0:


Well, it gain 4% today. Will be good to see what the charts are saying so as to plan the trades for Monday. NSE should not suspend trading on the shares yet ooo

wanaj0:
You want CBN to perform a miracle Skye died before CBN intervention.

Yes sir, the bank was gone before the intervention but it's the same CBN that appointed the new management that failed to prevent the bank from drowning as well now.
Invariably, CBN failed as well but surprisingly, they were 'praising' the mgmt; well except maybe they knew what the populace did not know yet...... but if they know, why dont they make their findings public?
Why wasnt the management able to turn things around with the huge fund they were giving to work with and given the timeframe with which they were to deliver on this? Does it mean CBN doesnt set up a monitoring committee to monitor how the funds were being utilized?
I just wish cbn and all that were involved could be dragged to court on this.