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  • Re: Keystone Bank (formerly Bank PHB) Post #218247
    Posted at: 3:20 am, 25th Jul 2014
    by hispy99. SMN Forum Moderator. Joined: 28th August 2007. Thanked 247 times.


  • Re: World Politics Post #218246
    Posted at: 2:37 am, 25th Jul 2014
    by hispy99. SMN Forum Moderator. Joined: 28th August 2007. Thanked 247 times.


  • Re: Union Bank Post #218245
    Posted at: 2:37 am, 25th Jul 2014
    by hispy99. SMN Forum Moderator. Joined: 28th August 2007. Thanked 247 times.


  • Re: Wema bank Post #218244
    Posted at: 2:33 am, 25th Jul 2014
    by hispy99. SMN Forum Moderator. Joined: 28th August 2007. Thanked 247 times.


  • Re: Economicwatch Post #218243
    Posted at: 2:31 am, 25th Jul 2014
    by hispy99. SMN Forum Moderator. Joined: 28th August 2007. Thanked 247 times.


  • Re: Economicwatch Post #218242
    Posted at: 2:30 am, 25th Jul 2014
    by hispy99. SMN Forum Moderator. Joined: 28th August 2007. Thanked 247 times.


  • Re: The Banks Post #218241
    Posted at: 2:29 am, 25th Jul 2014
    by hispy99. SMN Forum Moderator. Joined: 28th August 2007. Thanked 247 times.


  • Re: future of real estate? Post #218240
    Posted at: 2:26 am, 25th Jul 2014
    by hispy99. SMN Forum Moderator. Joined: 28th August 2007. Thanked 247 times.


  • Re: future of real estate? Post #218239
    Posted at: 2:25 am, 25th Jul 2014
    by hispy99. SMN Forum Moderator. Joined: 28th August 2007. Thanked 247 times.


  • Re: Economicwatch Post #218238
    Posted at: 2:24 am, 25th Jul 2014
    by hispy99. SMN Forum Moderator. Joined: 28th August 2007. Thanked 247 times.


  • Re: Seplat Petroleum Dev. Company Post #218237
    Posted at: 10:56 pm, 24th Jul 2014
    by Ahaah. SMN . Joined: 1st July 2007. Thanked 0 times.

    dupeodus;218236 wrote:
    You call 55% pbt growth ordinary? Compound that for 5 yrs and see what it does to the earnings.

    Where you get am to compound ?????


    Look at the half-year result 2014 (attached).

    Revenue N6.30Billion (2014) N65.10Billion (2013) Down 7%
    Profit after Tax N24.30Billion (2014) N47.10Billion (2013) Down 94%

    Wetin happen naah ?????

    "a 94% decrease over the comparative period in 2013, mainly attributed to deferred tax liabilities of US$92.7m (N14.4billion) released in H1 2013 as a result of pioneer status granted to the group "

    But them no announce am well well for their 2013 year end report say na tax gymnastic produced the 400% increase in profit after tax for that year naah !!

    So, the fowl yansh don begin open for all to see too soon.

    I hope no be say we don enter one chance for this one ohhhh !!!!!


  • Re: Seplat Petroleum Dev. Company Post #218236
    Posted at: 10:37 pm, 24th Jul 2014
    by dupeodus. SMN . Joined: 15th November 2012. Thanked 10 times.

    yomikuri;218235 wrote:
    even sef where is d wisdom here, paying meager 16naira out of earnings of 400+, where is d huge supplus going to? Keeping it for rats to steal at night?
    You call 55% pbt growth ordinary? Compound that for 5 yrs and see what it does to the earnings.


  • Re: Seplat Petroleum Dev. Company Post #218235
    Posted at: 10:20 pm, 24th Jul 2014
    by yomikuri. SMN . Joined: 2nd January 2014. Thanked 4 times.

    Ahaah;218231 wrote:
    The company's profit before tax (from its core business) increased by 55%+ from $295,655 to $457,523 while its profit after tax increased by 400%+ from $109,099 to $550,268 (thanks to TAX MAGIC !!!!)

    But for the TAX MAGIC, the growth in profitability of the company would have been ordinary!!

    To be honest, me I know see anything tantalising for this result ooooooh.

    Once the tax holiday period ends, the fowl yansh go dey exposed!!!

    even sef where is d wisdom here, paying meager 16naira out of earnings of 400+, where is d huge supplus going to? Keeping it for rats to steal at night?


  • Re: Forte Oil Post #218234
    Posted at: 9:50 pm, 24th Jul 2014
    by Dicobody. SMN . Joined: 21st September 2009. Thanked 32 times.

    manemi;218232 wrote:
    Please who is the Registrar for FO? Want to start preparing to receive my interim dividend if it happens.

    Veritas registrars fomerly zenith
    registrars


  • Re: Forte Oil Post #218233
    Posted at: 9:40 pm, 24th Jul 2014
    by mecatchcha. SMN . Joined: 19th November 2007. Thanked 6 times.

    manemi;218232 wrote:
    Please who is the Registrar for FO? Want to start preparing to receive my interim dividend if it happens.

    Veritas Registrars Limited


  • Re: Forte Oil Post #218232
    Posted at: 9:01 pm, 24th Jul 2014
    by manemi. SMN . Joined: 22nd April 2010. Thanked 48 times.

    Please who is the Registrar for FO? Want to start preparing to receive my interim dividend if it happens.


  • Re: Seplat Petroleum Dev. Company Post #218231
    Posted at: 9:01 pm, 24th Jul 2014
    by Ahaah. SMN . Joined: 1st July 2007. Thanked 0 times.

    Mberede;215797 wrote:
    "SEPLAT recorded total revenues of $880.2 million for the year ended 31 December 2013, representing growth of 41 percent over the 2012 figure.

    Profit for the year increased by 404 percent or $441.2 million to $550.3 million, representing earnings per share of $1.38.”

    ABC Orjiako declared “The future of our company is very bright.”

    The company has recommended a dividend pay-out of N16 per ordinary share for the year ending 31 December 2013 and projections are that shareholders would smile home with at least N16 per ordinary share in the coming year."

    Seplat | Annual Report & Financial Statments

    Hmmmm, with this kind of tantalising info, it makes one wonder if it's really a smart move focusing on a certain other Nigerian company in the upstream oil and gas sector by some fellow SMNites these past few months especially given the uncertainties that seem to trail the (non)conclusion of its long-winding acquisition plans.
    But then, what do I know?

    The company's profit before tax (from its core business) increased by 55%+ from $295,655 to $457,523 while its profit after tax increased by 400%+ from $109,099 to $550,268 (thanks to TAX MAGIC !!!!)

    But for the TAX MAGIC, the growth in profitability of the company would have been ordinary!!

    To be honest, me I know see anything tantalising for this result ooooooh.

    Once the tax holiday period ends, the fowl yansh go dey exposed!!!


  • Re: MarketWatch Post #218230
    Posted at: 8:47 pm, 24th Jul 2014
    by chudinho. SMN . Joined: 11th December 2009. Thanked 36 times.

    MissedOpportunities;218223 wrote:
    Let me go further on that. What if it happens to CSCS? People's portfolio vanishing just like that and the recovery from back-ups also attacked. In today's world, impossibility is nothing ooo.

    I simply don't blame guys who won't convert their certificates, nor should I say companies listing on NSE. And Naija for that matter!

    Una too dey fear. If it vanishes from CSCS, will it also vanish from the company's Registrar?


  • Re: State of the Nation Post #218229
    Posted at: 8:11 pm, 24th Jul 2014
    by Dicobody. SMN . Joined: 21st September 2009. Thanked 32 times.


  • Re: MarketWatch Post #218228
    Posted at: 8:07 pm, 24th Jul 2014
    by manemi. SMN . Joined: 22nd April 2010. Thanked 48 times.

    MissedOpportunities;218223 wrote:
    Let me go further on that. What if it happens to CSCS? People's portfolio vanishing just like that and the recovery from back-ups also attacked. In today's world, impossibility is nothing ooo.

    I simply don't blame guys who won't convert their certificates, nor should I say companies listing on NSE. And Naija for that matter!

    Bros I can assure you that you will not "Miss any Opportunities", or your investments by the scenario you painted. These systems have multiple backups, some off site.


  • Re: World Politics Post #218227
    Posted at: 7:44 pm, 24th Jul 2014
    by citizen. SMN . Joined: 27th March 2008. Thanked 20 times.

    http://www.zerohedge.com/news/2014-07-24/liberian-man-tested-ebola-worlds-fourth-most-populous-city

    Reuters that a Liberian man in his 40s is being tested for the deadly Ebola virus in Nigeria's commercial capital of Lagos, a megacity of 21 million people, the Lagos State Health Ministry said on Thursday.

    This would be the first recorded case of one of the world's deadliest diseases in Nigeria, Africa's biggest economy and most populous nation, with 170 million people and some of Africa's least adequate health infrastructure.
    More:

    A Liberian man in his 40s is being tested for the deadly Ebola virus in Nigeria's commercial capital of Lagos, a mega-city of 21 million people, the Lagos State Health Ministry said on Thursday.


  • Re: Sports Matters Post #218226
    Posted at: 6:54 pm, 24th Jul 2014
    by Vincenta11. SMN . Joined: 5th December 2008. Thanked 9 times.


  • Re: Sports Matters Post #218225
    Posted at: 6:52 pm, 24th Jul 2014
    by Vincenta11. SMN . Joined: 5th December 2008. Thanked 9 times.


  • Re: MarketWatch Post #218224
    Posted at: 6:48 pm, 24th Jul 2014
    by Vincenta11. SMN . Joined: 5th December 2008. Thanked 9 times.

    Long and short of all these is what?

    That there was no market today or what?

    Na wao!

    Just for the records, is this the first time this kind of thing is happening in the NSE?


  • Re: MarketWatch Post #218223
    Posted at: 5:34 pm, 24th Jul 2014
    by MissedOpportunities. SMN . Joined: 5th February 2014. Thanked 3 times.

    Oracle;218218 wrote:
    Can there be a disruptive system attack where stocks to be sold(on offer) can be randomly distributed to bidders(those who want to buy that day) and where all pending offers(of dead stocks like IAA,Afromedia,union diagnostics,union homes, sewing machine,all 50kobo insurance firms or stocks that are hated by investors for now) are randomly distributed to those who want to buy at elevated prices? Has such happened before? Can such happen? If Yes,What does NSE have to protect against such? Example, if I told my broker to buy 5,000 units of Zenith bank at N20 and instead of seeing Zenith, I see 5m units of IAA(stock on strong offer) and other investors/traders that placed either buy/sell order that day see what they didnt ask for,what would the NSE do?

    Let me go further on that. What if it happens to CSCS? People's portfolio vanishing just like that and the recovery from back-ups also attacked. In today's world, impossibility is nothing ooo.

    I simply don't blame guys who won't convert their certificates, nor should I say companies listing on NSE. And Naija for that matter!


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