swilo:


That's Silly planning for the future .. planning for double bounty.

Double-edged statement. Hmmm.

FCMB
- YOLO

lolx

ucap
- first time above N3 dis month

Seems FCMB, STERLING and DIAMOND are the new 3 musketeers. All three finding a way to maintain 1.4 to 1.5 band..

swilo:
Seems FCMB, STERLING and DIAMOND are the new 3 musketeers. All three finding a way to maintain 1.4 to 1.5 band..

dem de take notes from fidelity
lolx

swilo:
Seems FCMB, STERLING and DIAMOND are the new 3 musketeers. All three finding a way to maintain 1.4 to 1.5 band..

In few days time, they will chase Diamond away....

mendes911:


In few days time, they will chase Diamond away....

Then it will be fcmb vs sterling, battle of the mm.

onegentleguy:
To the M&B folks...

May & BAKER is about now currently presenting the FACTS BEHIND THE FIGURES with respect to their ongoing rights issue !!
...Venue of presentation is the stock exchange house in Lagos.

FACTS BEHIND THE FAILURES....

Mpeace:
Then it will be fcmb vs sterling, battle of the mm.

FCMB MM get shame, STERLING MM no get shame....

Mpeace:
Then it will be fcmb vs sterling, battle of the mm.

MM that's currently working against FCMB.

DeRuggedProf:


FCMB MM get shame, STERLING MM no get shame....

Sterling bank MM has made it unattactable for anybody to look the way of Sterling. It seems to be working for them. Stagnant!

DeRuggedProf:
FACTS BEHIND THE FAILURES....

The Prof.

phemmie06:
http://www.nse.com.ng/Financial_NewsDocs/24087_NEM_INSURANCE_PLC._FINANCIAL_STATEMENTS_OCTOBER_2018.pdf

At 1st glance, not a great result from NEM.
It's clear that their expense line (opex, admin, claims, underwriting exposure) had a draw back on their net income margin and occasioned the drop in PAT.
But for the much lower tax expense in the 3 months btw July and Sept 3018, PAT would've been lower.

Overall, its a slightly below average result !!
However, its not so bad in my view, so the company still has a chance to turn things around by yr end.
...in retrospect, the situation with NEM is still within controllable limit.

NOTE: NOT to be interpreted to mean any sought of recommendation. ...due diligence still applies.

onegentleguy:
To the M&B folks...

May & BAKER is about now currently presenting the FACTS BEHIND THE FIGURES with respect to their ongoing rights issue !!
...Venue of presentation is the stock exchange house in Lagos.

That rights issue get as e be. With abundant supply at the market price of N2.30, the rights issue price of N2.50 looks expensive. May be interesting for those looking for control though.

Diamond Bank

http://www.nse.com.ng/Financial_NewsDocs/24093_DIAMOND_BANK_PLC_FINANCIAL_STATEMENTS_OCTOBER_2018.pdf

TLAX:


That rights issue get as e be. With abundant supply at the market price of N2.30, the rights issue price of N2.50 looks expensive. May be interesting for those looking for control though.

I will rather buy from the floor

mendes911:
Diamond Bank

http://www.nse.com.ng/Financial_NewsDocs/24093_DIAMOND_BANK_PLC_FINANCIAL_STATEMENTS_OCTOBER_2018.pdf

Anyone knows the recent asset sale that earned DBN ₦1.3B? UK Operations?

So after 9months they made only 1.6billion. as against 3.9 of the previous year

Mpeace:
So after 9months they made only 1.6billion. as against 3.9 of the previous year

It less than my oga dividend

.

phemmie06:


It less than my oga dividend

They should just sell the bank and use the money for tbills. It would be better value for their investors.

Has GTB release their result?

moneywoman74:
Has GTB release their result?

Too much money, we are waiting for their audited result


http://www.nse.com.ng/Financial_NewsDocs/23937_GUARANTY_TRUST_BANK_PLC._FINANCIAL_STATEMENTS_OCTOBER_2018.pdf

Mpeace:
They should just sell the bank and use the money for tbills. It would be better value for their investors.

They need to change the name before that cos it seems that name Diamond is a c**r*e to the management.

mendes911:
Diamond Bank

http://www.nse.com.ng/Financial_NewsDocs/24093_DIAMOND_BANK_PLC_FINANCIAL_STATEMENTS_OCTOBER_2018.pdf

Warisdis? Damn....

Mpeace:
So after 9months they made only 1.6billion. as against 3.9 of the previous year

Slightly improved performance given where they were as at Q2... but its clear that the bank is still seriously struggling !!
The poor financials with most of their KEY drivers of revenue and earnings line describes an inefficient and clueless management at the helm of affairs. ...who are unable to think outside the box with deriving benefits from both their core and non-core line of business.
But for the proceeds from trading income line which helped save the day, their performance either side of their investment and L&A/interest drivers were relatively poor.
After 2 quarters since their offshore asset divestment, the group still recorded a negative PAT btw July to Sept 2018.
There's still a worrying ROAE, ROAA, EPS, GROSS MARGIN, NET MARGIN, EBITDA MARGIN, RE and EM.
This coy is in need of solvency to boost their WC. ...but before then, the current management needs to go !!
Otherwise shareholders might be in for a long thing.

Let's hope that the new management that will take over in the near future will help turn things around.

Will I buy DIAMOND BANK? ...No. I'll prefer to wait and see how things play out in the coy with the release of their 2018 AFS.
Should u sell if u hold a stake in the bank? ...well that would depend on ur personality, strategy and investment horizon.

DISCLOSURE: I currently do NOT hold any stake in DIAMOND BANK.

CAVEAT: NOT to be reckoned as any sought of recommendation. ...when in doubt, pls do well to indulge the services of a reputable investment manager/adviser for guidance.

I apologise in advance for delving into other extraneous matters... but this was so funny that I couldn't help but share it with u guyz.
I just couldn't stop laughing...

Introducing your Akwaibom Babe to your Igbo mum:

Son: Mum meet my friend Ndifereke

Igbo mum: Ndi gini?

Son: mum, her name is Ndifereke

Igbo mum: ndi fụrụ eke?? K'ọbụ ndi fụrụ agwọ !.. Ọ na adikwa ka eke, it's not in this house o !!


Igbo mothers are the best. Hoha !!

onegentleguy:


Slightly improved performance given where they were as at Q2... but its clear that the bank is still seriously struggling !!
The poor financials with most of their KEY drivers of revenue and earnings line describes an inefficient and clueless management at the helm of affairs. They are unable to think outside the box with deriving benefits from both their core and non-core line of business.
But for trading income proceeds which helped save the day, their performance either side of their investment and loan/interest drivers was relatively poor.
After 2 quarters since their offshore asset divestment, the group still recorded a negative PAT btw July to Sept 2018.
There's still a worrying ROAE, ROAA, EPS, GROSS MARGIN, NET MARGIN, EBITDA MARGIN, RE and EM.
This coy is in need of solvency to boost their WC. ...but before then, the current management needs to go !!
Otherwise shareholders might be in for a long thing.

Let's hope that the new management that will take over in the near future will help turn things around.

Will I buy DIAMOND BANK? ...No. I'll prefer to wait and see how things play out in the coy with the release of their 2018 AFS.
Should u sell if u hold a stake in the bank? ...well that would depend on ur personality, strategy and investment horizon.

DISCLOSURE: I currently do NOT hold any stake in DIAMOND BANK.

CAVEAT: NOT to be reckoned as any sought of recommendation. ...when in doubt, pls do well to indulge the services of a reputable investment manager/adviser for guidance.

DEADMOND BANK...

80 Kobo.