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  • Re: MarketWatch Post #289115
    Posted at: 4:12 pm, 29th Apr 2017
    by PETERICHY. SMN . Joined: 16th January 2013. Thanked 63 times.

    Couple that retired in their 30s share their No. 1 money saving tip


    Justin and Kaisorn McCurry fast-tracked their retirement by saving up to 70% of their income and putting that money to work.
    You don't have to win the lottery or even earn a huge paycheck to retire early,

    Justin tells CNBC: "It really just comes down to saving some of your income, setting it aside and letting it grow."
    The key to saving more than half your income, he says, is to keep the "big three expenses" — housing, transportation and food — as low as possible: "Look at those top expenses and see if there's any negotiating room."

    The McCurry family
    By cutting back on "the big three," the McCurry's can keep their annual expenses incredibly low for a family of five: at about $40,000.

    They stayed in the starter home they bought out of grad school and paid off their mortgage in 2015, meaning they only cover utilities and maintenance. In terms of transportation, "we kept the cars that we bought brand-new in college for 16 years and just replaced them last year," says Justin.

    As for food, they budget $500 a month for groceries. You can read more about how they feed a family of five for $500 a month on their blog, Root of Good.

    The McCurry's aren't the only supersavers who focus on keeping their big expenses at bay. "The Money Wizard," a 26-year-old financial blogger who has already built up $150,000 in savings and is on track to retire by 37, says a key to his high savings rate is keeping fixed costs as low as possible.

    "If you look at my spending compared to most people, the two main areas I save the most on are rent and car payments," says "The Money Wizard," who keeps his fixed costs at or below $1,000 a month. "I drive a 13-year-old truck that's completely paid off and I split rent with my girlfriend in Minneapolis."

    His perspective is similar to that of the McCurry's. You don't need inheritances or windfalls to retire early, he writes: "Just lots of saving, basic investment, and a desk job in the finance industry that places my salary barely above the median household income."


  • Re: First Bank Plc Post #289114
    Posted at: 7:51 am, 29th Apr 2017
    by Waves. SMN . Joined: 12th March 2009. Thanked 275 times.

    oluseyi;289112 wrote:
    This is a report written and circulated by the PR department of the Elephant. The report did not delve into the nitty gritty of the financials

    It is difficult to mind a good reason to invest in FBN at the moment. This bank is setting new standard on how to lose money through questionable and fraudulent loans from IIL (NITEL), Seawolf to Atlantic Energy. Few shareholders (none of whom has up to 5%) have held this bank hostage and continue to mismanage it.


  • Re: Dangote cement Post #289113
    Posted at: 3:11 pm, 28th Apr 2017
    by shigidi. SMN . Joined: 6th July 2007. Thanked 28 times.


  • Re: First Bank Plc Post #289112
    Posted at: 12:59 pm, 28th Apr 2017
    by oluseyi. SMN . Joined: 6th November 2009. Thanked 3 times.

    omoregie;289111 wrote:
    trwstockbrokers.com positively analysed 2016 FY results. Wondering while is it performing badly on NSE floor today. Probably time to take position for the long run. See trwstockbrokers.com below and make your judgement.

    https://trwstockbrokers.wordpress.com/2017/04/28/fbnholdings-grows-assets-to-n4-7trn-in-2016/

    Management now may not be performing as expected. One thing for sure ... THERE IS NO KILLING THE ELEPHANT ......
    This is a report written and circulated by the PR department of the Elephant. The report did not delve into the nitty gritty of the financials


  • Re: First Bank Plc Post #289111
    Posted at: 12:08 pm, 28th Apr 2017
    by omoregie. SMN . Joined: 15th May 2007. Thanked 3 times.

    trwstockbrokers.com positively analysed 2016 FY results. Wondering while is it performing badly on NSE floor today. Probably time to take position for the long run. See trwstockbrokers.com below and make your judgement.

    https://trwstockbrokers.wordpress.com/2017/04/28/fbnholdings-grows-assets-to-n4-7trn-in-2016/

    Management now may not be performing as expected. One thing for sure ... THERE IS NO KILLING THE ELEPHANT ......


  • Re: First Bank Plc Post #289109
    Posted at: 11:57 am, 28th Apr 2017
    by omoregie. SMN . Joined: 15th May 2007. Thanked 3 times.

    aysok1;289091 wrote:
    http://www.nse.com.ng/Financial_NewsDocs/17790_FBN_HOLDINGS_-_PRESS_RELEASE_CORPORATE_ACTIONS_APRIL_2017.pdf

    This alluded to dividend for FYE 2016. While closure and payment date were stated, the amount is not stated.
    FBNH Dividend for 2016 Financial year is 0.20k per share. See link below.

    https://trwstockbrokers.wordpress.com/2017/04/28/companies-that-released-3-months-financial/


  • Re: First Bank Plc Post #289108
    Posted at: 7:45 am, 28th Apr 2017
    by migiets. SMN . Joined: 1st March 2008. Thanked 319 times.

    duduspace;289106 wrote:
    I dey fine bros, looking on to bigger and brighter things. Well done sir.

    Like cryptocurrency abi?.

    :bolt: to my secured Kukuruku hills abode in Afemai land.


  • Re: First Bank Plc Post #289107
    Posted at: 7:44 am, 28th Apr 2017
    by migiets. SMN . Joined: 1st March 2008. Thanked 319 times.

    arostuff;289098 wrote:
    https://www.proshareng.com/news/CORPORATE%20EARNINGS/FBNH-Releases-Q4-16-and-Q1-17-Results--Declares-N16.1-bn-Profit-in-Q1--SP-N3.50k-/34634

    dissapointing !!!!

    poor result !!!!!!

    that's life for you, their pickin like GTBank don overtake them tay tay

    Is that not the prayers of every Papa?. :D


  • Re: First Bank Plc Post #289106
    Posted at: 7:39 am, 28th Apr 2017
    by duduspace. SMN . Joined: 13th February 2007. Thanked 351 times.

    Dicobody;289101 wrote:
    longest time brother,how you doing sir?

    I dey fine bros, looking on to bigger and brighter things. Well done sir.


  • Re: MarketWatch Post #289105
    Posted at: 4:59 am, 28th Apr 2017
    by PETERICHY. SMN . Joined: 16th January 2013. Thanked 63 times.

    kingojames;289102 wrote:
    I walked into my bank (GTB) this afternoon and requested for Treasury Bills form and my account officer was like "whatttt???" He was so ignorant about it as a bat. I was surprised. I did some research before going there. So after he made a call to educate him on it, he then turned to me and said "the interest is 13.4% as at April 4th. It may not be sold anytime soon. And the least amount you can buy is N50,000,000 and there are no forms for it. You write a letter requesting for....". I smiled. And started educating him.
    "Sir that is not so correct. The CBN issue dates for Treasury Bills auction bi-weekly. And commercial banks have forms for their interested customers to fill and a prevailing interest rate is accompanied. The least is amount of purchase is not N50m. T-Bills are sold via commercial banks and official agents such as merchant banks, and sales are open to individuals and corporate investors.Some banks offer a minimum of ₦50k.There are 3 tenures available: 91 days, 182 days or 364 days."
    The guy hurriedly told me please let me have your number. I will call.you if the forms are available".
    Na so I waka commotion for their.
    Still waiting for his call.


    Don't mind your account officer, he simply feigned ignorance since you ain't coming for their miserable fixed deposit rates.

    Minimum for TB of most banks is N1m before the N50m rule was implemented last month.

    Though now the ONLY difference is you MUST go with the (BANK rate) except you have up to N50m ONLY then you can bid for (YOUR rate) during PRIMARY AUCTIONS.

    Since the new rule started STANBIC-IBTC is the BOMB,
    they've been dishing 18.47% on their 365dys tenor while GTB,FIRSTBANK & the rest gave 18% on same 365dys tenor.

    The last TB i did was in Dec i bidded for 365dys tenor at my rate of 18.65% via fidelity bank and it sailed.

    I'm waiting for exchange rate to inch back to N500 before I resume.

    You can as well ask them to reinvest your interest simultaneously, that will give you a true yield of approximately 23% on your maturity date. That's another quarter of a million staring at you.

    BELOW is the stop rates of the last primary auctions that place on APRIL 19th while the next will be on MAY 5th.

    NOTE: Your fund MUST be ready 3days before the auction date.

    Now the guns are yours.


    91 days - 13.6%

    182 days - 17.4%

    364 days - 18.9%


  • Re: oando Post #289104
    Posted at: 10:00 pm, 27th Apr 2017
    by nosa2. SMN . Joined: 23rd October 2008. Thanked 313 times.

    aysok1;289085 wrote:
    http://www.nse.com.ng/Financial_NewsDocs/17776_OANDO_PLC_-_Q1_MARCH_2017_FINANCIAL_STATEMENTS_APRIL_2017.pdf

    EPS from continuing operation (4)k
    EPS from discontinued operation 9k
    EPS - 5K.

    Oga Nosa's company result:D:D
    wanaj0;289103 wrote:
    No big deal. They sold the profitable part of their business. Very interesting strategy:)

    How these people are not yet behind bars is amazing. All of us just siddon like mum dey look as some people just dey use us play.

    Anyway, why I dey complain, shey the N in SMN stands for Nigeria. Mumuism is in our DNA.


    #SlowWalkToBankruptcy


  • Re: oando Post #289103
    Posted at: 9:28 pm, 27th Apr 2017
    by wanaj0. SMN . Joined: 9th April 2007. Thanked 380 times.

    aysok1;289085 wrote:
    http://www.nse.com.ng/Financial_NewsDocs/17776_OANDO_PLC_-_Q1_MARCH_2017_FINANCIAL_STATEMENTS_APRIL_2017.pdf

    EPS from continuing operation (4)k
    EPS from discontinued operation 9k
    EPS - 5K.

    Oga Nosa's company result:D:D

    No big deal. They sold the profitable part of their business. Very interesting strategy:)


  • Re: MarketWatch Post #289102
    Posted at: 8:21 pm, 27th Apr 2017
    by kingojames. SMN . Joined: 24th April 2008. Thanked 10 times.

    PETERICHY;289026 wrote:
    Go to your bank and request for a Treasury bills form.

    Invest the 1m on 365days tenor that will give atleast 18.4% upfront payment which will translate to #184000 cash in your pocket.

    Then for the next 12months before the maturity date of your investment carry out research on what to do with your capital.

    Attached is the NIGERIA TREASURY BILLS CALENDER.

    Thank me later.

    *ThE OcToPuS*

    I walked into my bank (GTB) this afternoon and requested for Treasury Bills form and my account officer was like "whatttt???" He was so ignorant about it as a bat. I was surprised. I did some research before going there. So after he made a call to educate him on it, he then turned to me and said "the interest is 13.4% as at April 4th. It may not be sold anytime soon. And the least amount you can buy is N50,000,000 and there are no forms for it. You write a letter requesting for....". I smiled. And started educating him.
    "Sir that is not so correct. The CBN issue dates for Treasury Bills auction bi-weekly. And commercial banks have forms for their interested customers to fill and a prevailing interest rate is accompanied. The least is amount of purchase is not N50m. T-Bills are sold via commercial banks and official agents such as merchant banks, and sales are open to individuals and corporate investors.Some banks offer a minimum of N50k.There are 3 tenures available: 91 days, 182 days or 364 days."
    The guy hurriedly told me "please let me have your number. I will call you when the forms are available".
    Na so I waka comot for their.
    Still waiting for his call.


  • Re: First Bank Plc Post #289101
    Posted at: 7:02 pm, 27th Apr 2017
    by Dicobody. SMN . Joined: 21st September 2009. Thanked 73 times.

    duduspace;289080 wrote:
    Anything for the boiz ? :D

    longest time brother,how you doing sir?


  • Re: GTBank Post #289100
    Posted at: 7:00 pm, 27th Apr 2017
    by ayemco. SMN . Joined: 28th September 2007. Thanked 13 times.

    This bank is so solid.

    I think you are right about the Investment in TBills and Stocks. The interest Income is where they sourced most of their income. And the Impairment Charges are nothing compared to peers.

    Just look at the Cash they are holding. Na wa for this bank. I wonder how Zenith will look like. while'st paying very low interest expense


  • Re: First Bank Plc Post #289099
    Posted at: 6:39 pm, 27th Apr 2017
    by Babs_O. SMN . Joined: 11th December 2007. Thanked 48 times.

    duduspace;289097 wrote:
    My download completed shortly after my previous post. I have the result now.
    Interesting there is still so much interest in First bank's performance, the release of its result slowed down the NSE site. :D

    Still waiting for my download to complete. The Group MD at least delivered on his word in the last conference call of paying not less than the last dividend as the holdco has arms that can stream dividend. With the huge impairments in FY 2016 and still spilling into 2017Q1 it seems they made no successes in recoveries as they projected for impaired loans.


  • Re: First Bank Plc Post #289098
    Posted at: 6:30 pm, 27th Apr 2017
    by arostuff. SMN . Joined: 25th September 2010. Thanked 5 times.

    https://www.proshareng.com/news/CORPORATE%20EARNINGS/FBNH-Releases-Q4-16-and-Q1-17-Results--Declares-N16.1-bn-Profit-in-Q1--SP-N3.50k-/34634

    dissapointing !!!!

    poor result !!!!!!

    that's life for you, their pickin like GTBank don overtake them tay tay


  • Re: First Bank Plc Post #289097
    Posted at: 6:27 pm, 27th Apr 2017
    by duduspace. SMN . Joined: 13th February 2007. Thanked 351 times.

    Babs_O;289096 wrote:
    I have been downloading for the past 45 minutes. Are so many people downloading at the same time as they cannot wait to see the thing released after waiting for so long. Where did you see the dividend proposed of 20K.

    My download completed shortly after my previous post. I have the result now.
    Interesting there is still so much interest in First bank's performance, the release of its result slowed down the NSE site. :D


  • Re: First Bank Plc Post #289096
    Posted at: 6:11 pm, 27th Apr 2017
    by Babs_O. SMN . Joined: 11th December 2007. Thanked 48 times.

    duduspace;289092 wrote:
    Underperformance compared to their peer's Q1 releases. Impairment charges likely still choking results.
    Results download still at 34.5Mb. about 30 mins left, it says. :D

    I have been downloading for the past 45 minutes. Are so many people downloading at the same time as they cannot wait to see the thing released after waiting for so long. Where did you see the dividend proposed of 20K.


  • Re: First Bank Plc Post #289095
    Posted at: 5:53 pm, 27th Apr 2017
    by duduspace. SMN . Joined: 13th February 2007. Thanked 351 times.

    Kai, this is horrible. Impairment charge of 226b, isn't that a record of sorts ?
    This would have swallowed up some other banks.
    PAT 17b


  • Re: First Bank Plc Post #289094
    Posted at: 5:46 pm, 27th Apr 2017
    by duduspace. SMN . Joined: 13th February 2007. Thanked 351 times.

    aysok1;289091 wrote:
    http://www.nse.com.ng/Financial_NewsDocs/17790_FBN_HOLDINGS_-_PRESS_RELEASE_CORPORATE_ACTIONS_APRIL_2017.pdf

    This alluded to dividend for FYE 2016. While closure and payment date were stated, the amount is not stated.

    20k per share. At all na him bad pass. I projected 15k.
    Will post more details.


  • Re: First Bank Plc Post #289093
    Posted at: 5:36 pm, 27th Apr 2017
    by oluseyi. SMN . Joined: 6th November 2009. Thanked 3 times.

    aysok1;289091 wrote:
    http://www.nse.com.ng/Financial_NewsDocs/17790_FBN_HOLDINGS_-_PRESS_RELEASE_CORPORATE_ACTIONS_APRIL_2017.pdf

    This alluded to dividend for FYE 2016. While closure and payment date were stated, the amount is not stated.

    The managers of this bank are tested scammers. I do not know what they packaged that they want to finish my data.


  • Re: First Bank Plc Post #289092
    Posted at: 5:30 pm, 27th Apr 2017
    by duduspace. SMN . Joined: 13th February 2007. Thanked 351 times.

    aysok1;289090 wrote:
    :D:D
    2017Q1 PAT - 16B
    2017 Q1 EPS(as stated grin) - 44K
    Net Interest Income 80B
    Impairment charges for credit losses (28)B etc.

    Underperformance compared to their peer's Q1 releases. Impairment charges likely still choking results.
    Results download still at 34.5Mb. about 30 mins left, it says. :D


  • Re: First Bank Plc Post #289091
    Posted at: 4:52 pm, 27th Apr 2017
    by aysok1. SMN . Joined: 23rd June 2008. Thanked 20 times.

    duduspace;289080 wrote:
    Anything for the boiz ? :D

    http://www.nse.com.ng/Financial_NewsDocs/17790_FBN_HOLDINGS_-_PRESS_RELEASE_CORPORATE_ACTIONS_APRIL_2017.pdf

    This alluded to dividend for FYE 2016. While closure and payment date were stated, the amount is not stated.


  • Re: First Bank Plc Post #289090
    Posted at: 4:49 pm, 27th Apr 2017
    by aysok1. SMN . Joined: 23rd June 2008. Thanked 20 times.

    duduspace;289087 wrote:
    Almost made me restart my router until I did some checks on my traffic. :D
    The PDF file is unusually big, a little over 40M and I think many people are probably trying to access it at the same time. Its about the slowest download I've seen for a while. 4Omb geneally flies in less than a minute on my connection.
    migiets;289089 wrote:
    If you in a country with internet speeds of light cannot open it, then no need for us to try then.

    :D:D
    2017Q1 PAT - 16B
    2017 Q1 EPS(as stated grin) - 44K
    Net Interest Income 80B
    Impairment charges for credit losses (28)B etc.


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