nairavsdollars:
Why is Guinness going down the abyss??

rebekah2011:
Nice observation. You are an experienced grave digger. Have you seen the Q3 results? You may need to go and look at it again. EPS 62K

Uchetoba:
I think they are buying in anticipation for interim dividend again this yr since FO paid interim dividend last yr from their first quarter profit. May they not be disappointed to see loss after tax ...

nairavsdollars:
Why is Guinness going down the abyss??

bigjay01:
http://www.nse.com.ng/Financial_NewsDocs/29882_CAVERTON_OFFSHORE_SUPPORT_GROUP_PLC_CORPORATE_ACTIONS_MAY_2020.pdf

bigjay01:
http://www.nse.com.ng/Financial_NewsDocs/29882_CAVERTON_OFFSHORE_SUPPORT_GROUP_PLC_CORPORATE_ACTIONS_MAY_2020.pdf

nairavsdollars:
Why is Guinness going down the abyss??

maishai:
Rumor has it that FBNH is finalising the acquisition of Polaris Bank....... How true ?

maishai:
Source: https://dailypost.ng/2020/05/04/breaking-buhari-govt-receives-312m-abacha-loot-from-us/

Attorney-General of the Federation and Minister of Justice, Abubakar Malami, has announced that the Nigerian government on Monday received $311,797,866 of the Abacha loot.

The money was repatriated from the United States and the Bailiwick of Jersey after a recent agreement.

Malami, in a statement by his Spokesman, Umar Gwandu, said the amount increased from over $308 million two months ago to $311 million because of the interest that accrued.

He noted that the litigation process for the return of these assets titled “Abacha III” commenced in 2014, while the diplomatic process that culminated into the signing of the Asset Return Agreement in February.

“This Agreement is based on international law and cooperation measures that sets out the procedures for the repatriation, transfer, disposition and management of the assets.

In line with the 2020 Asset Return Agreement, the fund has been transferred to a Central Bank of Nigeria Asset Recovery designated account and would be paid to the National Sovereign Investment Authority (NSIA) within the next fourteen days.

“The NSIA is responsible for the management and execution of the projects to which the funds will be applied,” the Minister has said.

Malami said the money will be used to fund projects including Lagos – Ibadan Expressway, Abuja – Kano Road, and the Second Niger Bridge.

To ensure transparent management of the returned assets, the Nigerian government promised to, “engage a Civil Society Organisation, who has combined expertise in substantial infrastructure projects, civil engineering, anti-corruption compliance, anti-human trafficking compliance, and procurement to provide additional monitoring and oversight.”

jideflash:
poor financial result was just released.

maishai:
Rumor has it that FBNH is finalising the acquisition of Polaris Bank....... How true ?

maishai:
Rumor has it that FBNH is finalising the acquisition of Polaris Bank....... How true ?

nairavsdollars:
Why is Guinness going down the abyss??

robobo:


Chief kindly bless me with the q3 (which you referred to) result

Thinkbigga:

Please any link to the said result?

DeRuggedProf:


Because the Naira is falling against the Dollar, my dear ....

Thinkbigga:

Please any link to the said result?

Mcy56:
UBA in solidarity movement with Access, what's her own?
.

maishai:
Covid-19 is dealing a hard blow on major businesses, I just saw a major transporter listed on the exchange using their interstate vehicles to convey staffs of various companies back home.......Left me wondering the most important rule of public corporations "When Business is good It's very good but when Business goes bad it Stinks"...


To think they went a whole month without sales.......Gush I feel for them

nna777:
Looking at the banking charts especially GTB and ZENITH on the daily and weekly timeframe, you can observe a trading pattern that is consistent for sometime now.

I will make a prediction for next week based on what I have observed. If it pans out, then it's confirmed.

Going into next week, there will be profit taking which will lead to a new higher low (new support), before the bull will continue. I hope am wrong but we see.

klas:






http://www.nse.com.ng/Financial_NewsDocs/29884_GUINNESS_NIG_PLC_FINANCIAL_STATEMENTS_MAY_2020.pdf

Princkez:
u might be right because it has been trading heavy volumes since last week...let's wait and see

yom2:
. That is going to be a back breaking acquisition. They are barely out of the woods they are diving into acquisitions. Pay better dividends they hardly do.

drskyfly007:
naira appreciated today against the dollar