Originally Posted by horlads
The forecast is for March to December 2011 cumulative and not just October to December 2011.....
Originally Posted by Waves
Good. I think it is time someone helps me sort this out. When you see a forecast and result on the NSE
, are they both cumulative? Is there not standard for these on the NSE
Well, you have to look at the numbers vis-a-vis the name of the company and where they stand currently. For example, UBA released a forecast for the period ended December 2011 and the bottom line read N14 billion
. From what we know now, UBA cannot make N14b in a quarter (this translates to N56 billion annualized...
) and so, I conclude that the forecast is for the full year. again Skye Bank released forecast for the same period and the bottom line reads N1.6 billion. I need no soothsayer to come to the conclusion that Skye bank only provided the figure for Q4 alone...
The forecast released by Aso Savings show that they will make a profit on over N1 billion. This has to be for the cumulative 9 months and not just for three months between October and December because, even when they (Aso) were making money, they could not boast of such numbers...