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Old 14th September 2011, 11:34 AM
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Default Re: Aso Savings and Loans

Originally Posted by horlads View Post
The forecast is for March to December 2011 cumulative and not just October to December 2011.....
Originally Posted by Waves View Post
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...

when an earthworm begins to crawl like a millipede, it's time to run to the king's palace...naked! - horlads

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Last edited by horlads; 14th September 2011 at 11:38 AM.
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