jideflash:
my sovereign trust insurance who is doing this to me? i need more at 20kobo

Lol.

jideflash:
my sovereign trust insurance who is doing this to me? i need more at 20kobo

Its is available..... enough to saturate u

BMZK:
Contrary to what some analysts think about Access bank post merger, by virtue of becoming one of the biggest bank, it will stand the chance to overtake GTB. It is good to also view perspectives from positive angle without always being pessimistic

Sighs


Bigger than GT bank in what Exactly?

Asset wise?

Let me break it down for you, there are some banks already bigger than GT bank asset wise, Zenith? UBA? Even the Access you are talking about is currently bigger than GT bank asset wise. How much bigger do they want to be? The problem though is they are also bigger than GT bank in terms of Liability, but I don't want to talk about debt or Liability today, because they don't matter today. What does matter today? Sales, or to be specific? Profits! To be more specific? Profit margin! I don't have to spell it, but a smart investor knows at the end of the day, when a business is making money, everything else will follow. Bigger than GT bank in what Exactly? Go and look at their profit margins for the past 5 years and receive enlightenment. If Access Bank with their new luggage of Diamond bank assets and liabilities do not improve greatly on sales and profit margin, they will be in trouble. No amount of assets will save them. Last time I checked, Diamond bank was on a negative ROA, let's see the miracle that will happen.

Banks Unlikely to Declare Huge Profits in 2019—Coronation Research
https://businesspost.ng/2019/01/16/banks-unlikely-to-declare-huge-profits-in-2019-coronation-research/

First Bank Targets Single NPL Ratio by Year End
https://businesspost.ng/2019/01/16/first-bank-targets-single-npl-ratio-by-year-end/

E kuu market o.
Deepsuk where art thou? Fxuser Compliment of the season.
I still get one sweetheart here wey don tey I read from... but I fit chop e-slap if I asked of him now. Compliment of the season if you know yourself.

Wema... i need TA.FA,GA n OA

cc fxuser,bullbear,CP,OGG
Agba,Prof,
mcy56,Yariya,

Mcy56:
E kuu market o.
Deepsuk where art thou? Fxuser Compliment of the season.
I still get one sweetheart here wey don tey I read from... but I fit chop e-slap if I asked of him now. Compliment of the season if you know yourself.

Hmm. Trouble dey sleep, yanga want go wake am.

Mcy56:
E kuu market o.
Deepsuk where art thou? Fxuser Compliment of the season.
I still get one sweetheart here wey don tey I read from... but I fit chop e-slap if I asked of him now. Compliment of the season if you know yourself.

Chai. Who chop this sweetheart status o?

jideflash:
my sovereign trust insurance who is doing this to me? i need more at 20kobo

Cracked me up big time.

GonFreecss1:


Sighs


Bigger than GT bank in what Exactly?

Asset wise?

Let me break it down for you, there are some banks already bigger than GT bank asset wise, Zenith? UBA? Even the Access you are talking about is currently bigger than GT bank asset wise. How much bigger do they want to be? The problem though is they are also bigger than GT bank in terms of Liability, but I don't want to talk about debt or Liability today, because they don't matter today. What does matter today? Sales, or to be specific? Profits! To be more specific? Profit margin! I don't have to spell it, but a smart investor knows at the end of the day, when a business is making money, everything else will follow. Bigger than GT bank in what Exactly? Go and look at their profit margins for the past 5 years and receive enlightenment. If Access Bank with their new luggage of Diamond bank assets and liabilities do not improve greatly on sales and profit margin, they will be in trouble. No amount of assets will save them. Last time I checked, Diamond bank was on a negative ROA, let's see the miracle that will happen.

Diamond will clean up its books before the merger. Have you seen Unity bank result? 0%NPL. They will write off the NPLs. That is why it is expected that Diamond bank will release it's worse ever result(the impairment will be massive).
Only time will tell Sha.

akinssan:
Wema... i need TA.FA,GA n OA

cc fxuser,bullbear,CP,OGG
Agba,Prof,
mcy56,Yariya,

As for the bold, I’m still a leaner but if you want DA (Dream Analysis) you’ll have to drop something e no easy to dream these days.

That bus na 20% people full inside.. you sabi jump ? If yes, jump in at 0.52-0.55 and jump out before 0.70

Mpeace:
Diamond will clean up its books before the merger. Have you seen Unity bank result? 0%NPL. They will write off the NPLs. That is why it is expected that Diamond bank will release it's worse ever result(the impairment will be massive).
Only time will tell Sha.

Access bank with this their acquisition move will not be a good buy for Short term, but for a long term if all things been equal. After acquisition of Diamond bank, their total outstanding share will increase, after right offer, the share will increase again, the implication is that earning per a share ( EPs) will fall greatly, if their outstanding share double times two after reconstruction of diamond bank share and adding it to Access together with right issue, their earning per a share will drop by half. This will affect their share price.

Chibuking81:

Access bank with this their acquisition move will not be a good buy for Short term, but for a long term if all things been equal. After acquisition of Diamond bank, their total outstanding share will increase, after right offer, the share will increase again, the implication is that earning per a share ( EPs) will fall greatly, if their outstanding share double times two after reconstruction of diamond bank share and adding it to Access together with right issue, their earning per a share will drop by half. This will affect their share price.

Their Outstanding shares will not double. They will be adding about 12billion shares to their 28billion shares, that is not a double.
If you look at the results of Diamond bank in the past 3yrs, you would realise that they have been making good profit before impairment. Just imagine what would happen in the event that those impairments are no more.

Why do veritas registra block ur email after replying you once ? This is the worst registra when you need your dividend.

Mpeace:
Diamond will clean up its books before the merger. Have you seen Unity bank result? 0%NPL. They will write off the NPLs. That is why it is expected that Diamond bank will release it's worse ever result(the impairment will be massive).
Only time will tell Sha.

The question is will they make enough money to support those new assets that will supposedly make them big? Will they make enough to cover this losses? Will they make enough profits per share? Anybody can acquire assets or buy any company, but few can actually make money.

GT bank already has the largest MOAT, followed closely by Zenith, then the rest including access, UBA etc are sharing it. Do you feel people will suddenly start flocking to Access? They can write off loans all they want, if they are not making any money to offset liabilities and keep the company in operation, then shareholders had best hope the liquidation value won't turn around and f@ck them in the ass. Last time I checked Diamond was trying to offload land assets, they didn't succeed, because no one wants to buy, but like you said only time will tell. I wish them luck, but if I could I will short sell them.

GonFreecss1:


The question is will they make enough money to support those new assets that will supposedly make them big? Will they make enough to cover this losses? Will they make enough profits per share? Anybody can acquire assets or buy any company, but few can actually make money.

GT bank already has the largest MOAT, followed closely by Zenith, then the rest including access, UBA etc are sharing it. Do you feel people will suddenly start flocking to Access? They can write off loans all they want, if they are not making any money to offset liabilities and keep the company in operation, then shareholders had best hope the liquidation value won't turn around and f@ck them in the ass. Last time I checked Diamond was trying to offload land assets, they didn't succeed, because no one wants to buy, but like you said only time will tell. I wish them luck, but if I could I will short sell them.

You need to remember that Diamond bank was not a bad bank until huge NPLs started weighing them down. Diamond bank branches have always made good profits with robust marketing.
The new Access bank does not really need new customers as much as they need to maintain their current (access and Diamond) customer base.

Chibuking81:

Access bank with this their acquisition move will not be a good buy for Short term, but for a long term if all things been equal. After acquisition of Diamond bank, their total outstanding share will increase, after right offer, the share will increase again, the implication is that earning per a share ( EPs) will fall greatly, if their outstanding share double times two after reconstruction of diamond bank share and adding it to Access together with right issue, their earning per a share will drop by half. This will affect their share price.

OK sir, u don discuss with wigwe?

yom2:
OK sir, u don discuss with wigwe?

Yayira:

CI Leasing: Please explain how price was 8.29 instead of 7.12.i is 1:4 ratio reconstruction.plce was 1.78 trading before suspension

Yayira:

Madam good evening. Pls check your mail.

anjilgreat:

Madam good evening. Pls check your mail.

I have replied madam Anjil..
Good evening.

Yayira:

I have replied madam Anjil.. Good evening.

Seen. Thanks and good night.

Mpeace:
True, but whatever you do, never leave too much money in you broker account. That's how I lost money in one brokerage firm. I think Equinox or so. They folded up with my money.

Wisdom

https://www.moneyweb.co.za/news-fast-news/sub-saharan-africas-growth-to-accelerate-despite-tighter-global-conditions/

NIGERIA ECONOMY WILL GROW 2.5% IN 2019

Africa Sub-Saharan Africa’s growth to accelerate despite tighter global conditions Reuters poll suggests Nigeria will grow 2.5% this year and Kenya 5.7%.
Vuyani Ndaba, Reuters / 17 January 2019 07:48 No comments so far
Sub-Saharan economies will cope with tighter global liquidity this year and grow faster than in 2018, albeit at a lacklustre rate compared to the commodity price boom heydays of a decade ago, a Reuters poll found.

As interest rates tighten in developed markets and trade tensions between two of the world’s largest economies simmer, the global economic wheels are expected to turn slower – but not enough to put the brakes on the region’s momentum.

The poll, taken in the past week, suggested Nigeria will grow 2.5% this year and Kenya 5.7%.

Nigerian growth was expected to touch 2.7% this year in the last survey carried out three months ago while Kenya was pegged at 5.8%. The west African nation grew 1.81% in the third quarter and the latter 6%.

A poll just a week ago showed South Africa would eke out 1.5% growth this year, up from 1.3% in 2017 and the 0.7% estimate for 2018, but a far cry from the over 5% it was running at more than a decade ago.

“Despite a tighter global backdrop, we expect the growth recovery in Sub-Saharan Africa (SSA) to persist, led by improved prospects in Nigeria and South Africa, the region’s largest economies,” Razia Khan, Africa research head at Standard Chartered, wrote in a note.

Nigeria and South Africa make up almost 50% of Sub-Saharan gross domestic product (GDP) in dollar terms and the World Bank projects growth of 3.4% this year in the region.

All economists who answered an extra question said growth in Sub-Saharan Africa would exceed 3%.

“Much of the region will continue to reap the benefits of an earlier turnaround in commodity prices, with oil economies finding some relief in higher oil prices,” Khan said.

Last quarter’s Reuters poll suggested sub-Saharan Africa’s economic recovery will progress slowly this year as the continent’s biggest drivers struggle to move into higher gear.

Khan wrote that she does not expect many of Africa’s economies – excluding South Africa though due to more liquid financial markets – to be impacted by the first-order effects of global trade tensions.

Rates are expected to be relatively stable in the continent’s major economies. Medians showed they will be left at 14% in Nigeria and 9% in Kenya through to the middle of next year at least.

Ghana is expected to cut by 100 basis points to 16.00% early next year.

In contrast, the US Federal Reserve has been raising rates. However, it has signalled fewer interest rate hikes over the next two years and expressed caution about the US economic outlook.

Last week’s poll showed South Africa’s Reserve Bank will leave interest rates at 6.75% on Thursday.

send them again, copy sec@sec.gov.ng in the mail

tritritri:
Why do veritas registra block ur email after replying you once ? This is the worst registra when you need your dividend.

NIGERIA STOCK MARKET GENERAL COMMENT /MSCI POSITION (NSE STOCK MARKET WEATHER REPORT) - FOR 17 JANUARY 2019

MSCI Nigeria for now is not doing heavy volume. Yesterday the fund sold units 435,023/676,575 units of Dangote Sugar and Oando respectively.

Market breadth was 24 gainers 16 losers, the all share index rose by 1.07%, loss for 2019 by NSE All share Index now 3.09 from a previous high figure of 6.66%. This is a good performance looking at how the year started, but let us remember that big money is just sitting on the fence for now?

Basically, what is important is positioning for the earnings season and avoiding big risk purchases.

For our earnings play, Transcorp will be on my top list for now.

For Thursday 17 January 2019 projection for the Nigeria All Share Index, expected High is 30,667.19 Low at 30,128.02.

From this year, I will start talking about companies that are likely to be takeover/merger candidates. They are many companies that will fall in this category and will be a worthwhile research. Especially when they are trading at a very low point that our maximum loss is within 15% to 20% range. For this I will be posting more in our twitter handle.


Caution: This is for information purpose only. Data used are assumed to be correct. However, you may want to verify the data from an appropriate source. Also, Institutions can afford to suffer big losses without going burst compared with an individual, you cannot follow them blindly (you need to at least have some knowledge/your own plan).
N:B


1. Due to the fact so many new people are coming to this forum and may not know this use of following the “big monies that move markets”, I will be indicating why/how to use the information. This will be a permanent future of my post to reduce some comments which may prevent the people that understand the system from confusion by people who have not followed how this started. My comment for today for anybody who doubts the efficacy of following the fund is to look at my recent recommendations for the past 2 months.

2. The fund will still hold some equity, the terms of service states this. Thus no matter the condition of the market, it will not liquidate to Zero, unless the fund is exiting from the particular Country involved. This is an equity fund investing in the Nigeria market. The date displayed may not be the actual date of purchase/sale of equity (this is legal and allowable under the regulations guiding funds operations in general).

3. You cannot bear losses like the fund. The pocket of the fund is too deep. Therefore, as an individual you are not suppose to be in the market during the stock market crash. Before or during the crash, reduce your holding.

4. If you are seeing this type of data on MSCI Nigeria for the first time. You may need to verify the figures. Go to my previous posts (https://www.nairaland.com/yok/posts), you will see the various sources where the data can be verified. Get us at twitter https://twitter.com/AnalysisTarget

jideflash:
send them again, copy sec@sec.gov.ng in the mail

Thanks

valentinenwoko:
CI Leasing: Please explain how price was 8.29 instead of 7.12.i is 1:4 ratio reconstruction.plce was 1.78 trading before suspension

1.78 * 1.88b /404m = 8.29


Please note 1.88b / 404m = 4.65 so the exchange ratio is 1 : 4.65 not 1 : 4

Apparently CILeasing had 1.88b shares and not 1.617bn shares

@Jideflash, that impatient person in STI is on his game again.

Is there anything wrong with morgan platform ?
Why offers and bids at the same price not executed ?