This stock is 6.95 with an expected dividend of 25kobo. It is sad that FBNH has been unable to recover any significant loans losses written off in the past.

onegentleguy:


Some KEY STEPs in the RIGHT DIRECTION !!
...BUY !!

Disclaimer: Following ur instinct should still take higher precedence ahead of this post.
...due diligence still applies.

Once upon a time a GIANT.

DOLLARTEX:
The elephant. http://www.nse.com.ng/Financial_NewsDocs/28816_FBN_HOLDINGS_PLC_FINANCIAL_STATEMENTS_JANUARY_2020.pdf

Oga you are wicked. what is the difference between 10 and 9

Mpeace:
I was expecting over 10billion loss from this company, but they only did 9billion loss. Kudos to them.

That Daddy no get joy joor. He dey always chop alone.

mendes911:


Oga BJ, so you be Rebekah's father? I haff caught you today.

I understand that there is a new SEC rule that mandates listed companies to release audited accounts within 60 days instead of the previous 90 days. If you are unable to do so, then you must release unaudited results within 30days. That is why we are seeing a flurry of activities from the lazy ones that will not be able to meet the deadline. Another interesting angle is that many auditors are going to be under serious tension because coys managements will not want their audited accounts to be significantly different from their unaudited figures. An interesting game going forward. SEC and NSE will have to be on their toes.

Shareholders groups will also have a lot of ammunition to deal with wicked Boards going forward.

First Bank Holdings that had all its quarterly results published so far as unaudited. The subsidiaries that would have helped are also operating in an environment that is tight. A repeat of the 26kobo will be a bonus.

Mcy56:

26kobo.

According to Mpeace, they are likely going to pay more.

http://www.nse.com.ng/Financial_NewsDocs/28689_MEYER_PLC_FINANCIAL_STATEMENTS_JANUARY_2020.pdf
All of these coys turning negative reports. This is not good for the market.

That is true ooooo, but both are still expensive for my liking.

DeRuggedProf:


Buy shares of Telecom companies when they come to your 'zone of patience', Nigerians will be talking more and wasting more data on government decisions going forward.....

What benefits have we really derived from this border closure?

OakPearl:


As if you knew I was reading their Q3 report to know why its on full offer.
The link not opening but I guess its a poor full year result judging from what the Q3 says.
Only Alhaji can deliver them.

He is a CASE. I don laugh tire.

Coolcash1:


PETERU, YOU LIKE TO LOOK FOR FIGHT.....

YOU AND THIS YOUR FUNNY MEMES....

RabbiDoracle is the ONIFA

emmanuelewumi:



Who is this Onifa guy?

I bought afolabi units for a portfolio that I manage.

pluto09:



Did you eventually buy JB

We have not really discussed on the platform the benefits to investing public of all of these coys releasing their Q4 unaudited accounts. I feel it is a good development. Less cooking of the books and coys can be punished or adequately compensated with movement in the share prices. But when are the banks joining this train.

onegentleguy:




...JB as expected.

The latter coys result(WAPCO) will be even more explosive.
...note the the part in bold from the 2nd post above.

It is well.

http://www.nse.com.ng/Financial_NewsDocs/28643_ROYAL_EXCHANGE_PLC._FINANCIAL_STATEMENTS_JANUARY_2020.pdf
No dividend here. Dem go invite them to come and subscribe for rights or public offer very soon

http://www.nse.com.ng/Financial_NewsDocs/28639_SECURE_ELECTRONIC_TECHNOLOGY_PLC_FINANCIAL_STATEMENTS_JANUARY_2020.pdf
There is no need for ONIFA or prophet to tell the shareholders of this company that there will not be dividend at the end of 2019. They may wish to stay to enjoy the rally that is coming.

Why are these results being selectively posted on the NSE website? Why are Ucap, Africa Prudential, Nestle, etc not being hosted on the website.

Thank you for taking the time to educate us on some of the activities your department do to ensure that waivers, exemptions unnecessarily granted to companies are recovered. politicians in the name of many things do suspend the law to favour some companies illegally and I am 100% for recovery of such funds. But I think we have agreed that Unilever do pay tax.

Toluway:

Cool down. First, I'm not working in Revenue bla bla as you suggested. Board members are politicians. The work is for beaurocrats who are supposed to educate and advise the board members . I said in my post above that we are taking the matter up in our office because their tax exemption is an anormally and can't be justified.

I stated the constitutional responsibilities, amongst others, of the institution that i was talking about, as agaist the one you claim has no clear mandate. This one has a clear mandate. This is not the forum for a comprehensive discussion of government policies and and departmental mandates. I only intended to make a little reference. You cant take me up here. A company is unjustifiable exempted from taxation and my office is trying to address the issue as i posted and i cant really fathom the reason for your outburst.

Sir, I see the angle you are coming from. There are various incentives and waivers many companies enjoy based on the extant laws operational in the country. However, INCOME TAX ACT which most of us are familiar with is a law that every company is expected to comply with. Depending on the Government in power, certain exemptions are granted to some companies to meet with the necessity of that period.

Your point is well taken Sir.

Toluway:

Thank you for this clarification.

This is the 2018 audited accounts for your view. Look at this attached note. I am a professional auditor and tax practitioner for many years. I do not just jump on conversations. I also know little about Company's Audited Financial Statements.

Toluway:

My assertion is authoritative please. You are supposed to ask for my source instead of talking categorically on what you've not sure of. My information is official.

It is not correct to say Unilever does not pay tax. They pay taxes.

Uchetoba:
They are on tax holiday yet they are making losses what will happen they start paying tax?

FBNH own na to consider and approve unaudited Q4 accounts for the auditors to audit oooooo.

Mcy56:
Reminder:
GTB ..............board meeting took place Xtyday
UBA.............coming up on 27th Jan, 2020
FBNH and few other ones coming up on 30th Jan 2020

I think there is a new requirement that unaudited results have to be filed with NSE, What I am not certain about is if it was necessary to publish it on their website. Why are the banks exempted from this? For those that play the international market, how is it done?

CashDiMkpa:


Why are they releasing an "Un-audited Financial Statement" to the market? Dem no get auditors?

http://www.nse.com.ng/Financial_NewsDocs/28634_ACCESS_BANK_PLC._CORPORATE_ACTIONS_JANUARY_2020.pdf
Another sale. Just like someone said the other time. Herbert Wigwe is selling because of the investment opportunities elsewhere and he did not want to borrow money from the bank. The fundamental of the bank is intact. If you are interested you can buy more.

http://www.nse.com.ng/Financial_NewsDocs/28632_UNILEVER_NIGERIA_PLC._FINANCIAL_STATEMENTS_JANUARY_2020.pdf
This is serious

http://www.nse.com.ng/Financial_NewsDocs/28627_ACCESS_BANK_PLC._CORPORATE_ACTIONS_JANUARY_2020.pdf
We are not slowing down.

it is good to always book your profit so that it will not turn to audio money

Coolcash1:


So, you are now preaching “jijoing” on Zenith. I thought you said it’s your retirement stock that you can never sell it because of the consistency in dividend payment...

Dear Esteemed Brokers, It has been brought to our attention that Investor CSCS Account Balances reflected on the trading engine does not capture trades executed yesterday, 14th January, 2020. Brokers are advised to trade with caution to avoid incidence of overtrading; volumes traded yesterday should be considered in arriving at positions for today. Where unsure, please reach out to the CSCS. Kindly note that the CSCS is working on speedy resolution of this issue. All inconveniences are regretted.

I just saw this now, NSE indeed put this information out to the investing public.

thebargainhunte:
I never witnessed this with other stock brokers I have been using. I bought a stock using morgancapitalgroup, the other was filled and I got debited from my account after everything. It surprises that the stock I bought vanished after the whole process, only for them to leave meagre units for me.They refuded me back my money, but the money they refunded is not complete. I feel cheated and deceived by morgancapital. I have tried to contact them, but they refused to honour my emails. This is very bad of them to be ripping off people in a coded way.

http://www.nse.com.ng/Financial_NewsDocs/28613_INFINITY_TRUST_MORTGAGE_BANK_PLC_FINANCIAL_STATEMENTS_JANUARY_2020.pdf

Is this a new requirement?

You bought Zenith at 16 and it gets to N30 you no sell. You say you dey keep for long term. The thing will just come back to N16 again for your korokoro eyes.

Toluway:

Buffet doesn't apply here in a scenario of herds mentality. Try to long a good fundamental stock here for long term and see whether you will not end your journey back in the bus stop, like travelling on the earth on a perceived straight line. Here is a place where every stock is bullish during bullish season. I made the most profit in my portfolio from an illiquid stock that made 1% in it's last financial statement!

I have great admiration for Agba and Onifa(lol). You cannot follow the two of them and regret. It is the after-effects of our actions that sometimes make us feel that we have missed out on long gains. It is not every time that one will be lucky to exit at the peak. Sometimes you even press the panic button too early, the koko is that you do not lose money.