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  #901 (permalink)  
Old 12th December 2011, 04:20 PM
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Default Re: Sterling Bank Plc
Quote:
Originally Posted by Oracle View Post
Na wah ooo! You mean say you no learn when Oga horlads teach us say when you leave the first and last letters of a word and scatter other letters in between, you brain would automatically re-arrange the words and it will make sense again.

I even helped by leaving the ''tion'' unchanged.

Example: Egaer means eager, magaenr means manager.

So think about it.
Shuo abeg quote the date and year oh....
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  #902 (permalink)  
Old 13th December 2011, 12:03 PM
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Default Re: Sterling Bank Plc
Quote:
Originally Posted by Oracle View Post
I thought you were bullish 3 days ago!

Now fear don come!
Oga Oracle did u notice the Drop in price, I am hoping it drops even further........he he he he
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  #903 (permalink)  
Old 17th January 2012, 01:19 PM
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Default Re: Sterling Bank Plc
Quote:
Originally Posted by Picolena66 View Post
Oga Oracle did u notice the Drop in price, I am hoping it drops even further........he he he he
I'm really considering taking the plunge here, the thing is just too attractive but is there any underground news or rumor as to why the fall
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  #904 (permalink)  
Old 17th January 2012, 01:25 PM
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Default Re: Sterling Bank Plc
Did Sterling swallow something (ETB) that is suffocating it? Is it going the way of PHB and Spring?
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  #905 (permalink)  
Old 17th January 2012, 01:29 PM
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Default Re: Sterling Bank Plc
Quote:
Originally Posted by MalamImam View Post
Did Sterling swallow something (ETB) that is suffocating it? Is it going the way of PHB and Spring?
Hmmm...............Meaning what - Oga MalamImam

Is there something info we should know
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  #906 (permalink)  
Old 10th March 2012, 02:02 PM
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Default Re: Sterling Bank Plc
Sterling Bank to become tier 2 bank by 2016
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  #907 (permalink)  
Old 12th April 2012, 03:29 PM
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Default Re: Sterling Bank Plc
STERLNBANK rewards investors with 10 kobo dividend in ’11 Audited result

http://www.nse.com.ng/Financial%20Ne...rl12042012.pdf
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  #908 (permalink)  
Old 12th April 2012, 06:07 PM
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Default Re: Sterling Bank Plc
hmmmm...8% dividend yield....not bad at all coming from a bank in the 2nd tier!

Lets wait and see how the full accounts statement would look like by morrow when its released......

With all the Glo and Con Oil money..I expect these guys to start punching above their weight now..
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  #909 (permalink)  
Old 13th April 2012, 12:05 PM
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Default Re: Sterling Bank Plc
http://www.nse.com.ng/Financial%20Ne...EL13042012.pdf

RESULTS ANNOUNCEMENT
STERLING BANK PLC
April 13, 2012
Audited Year-End Results (Dec. 31, 2011)

Gross Earnings 31-12-11 N45.173b 31-12-10 N30.386b
Net Interest Margin 11 N14.558b 10 N14.468b
Operating Income 11 N26.964b 10 N20.384b
Operating Expenses 11 (N20.442b) 10 (N15.162b) Loan
Loss Expenses & Diminution in value of Risk Assets 11 (N3.616b) 10 (N1.533b) Profit before Tax & Exceptional Items 11 N2.905b 10 N3.688b
Exceptional Income 11 N553.845m 10 Nil
Taxation 11 N1.184b 10 N490.242m
Extraordinary Income 11 N2.042b 10 Nil
Profit After Tax 11 N6.686b 10 N4.178b

Balance Sheet Information

Fixed Assets 31-12-11 N8.930b 31-12-10 N4.276b
Investment in Securities 11 N194.785b 10 N96.593b
Treasury Bills 11 N12.932b 10 N6.023b
Loans & Advances 11 N159.734b 10 N99.312b
Cash and Bank Balances 11 N36.022b 10 N6.660b
Other Debit Balances 11 N92.022b 10 N46.722b
Deposits 11 N406.515b 10 N199.274b
Other Credit Balances 11 N56.958b 10 N33.984b
Net Assets 11 N40.953b 10 N26.320b

Proposed Dividend N10 kobo
Proposed Bonus Nil
Qualification Date 27th
April, 2012 Closure Date 30th April - 4th May, 2012
AGM Date 15th April 2012
Payment Date 18th May 2012
AGM Venue Lagoon Restaurant, Victoria Island Lagos 11.00 a.m.


Notes
Please note that the Corporate Actions above were transmitted to the market yesterday, April 12 2012.
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  #910 (permalink)  
Old 13th April 2012, 04:13 PM
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Default Re: Sterling Bank Plc
Can someone shed more light on that extra ordinary income?
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  #911 (permalink)  
Old 16th April 2012, 08:40 AM
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Default Re: Sterling Bank Plc
Quote:
Originally Posted by oforitseno View Post
Can someone shed more light on that extra ordinary income?
Quote:
· Sterling reported a further extraordinary income of N2billion as gain from a discontinued operation. We believe this is related to divestment from subsidiaries.
Equity Review of Sterling Bank Plc's FY 311211 Earnings
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  #912 (permalink)  
Old 16th April 2012, 06:47 PM
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Default Re: Sterling Bank Plc
Pls members,i need 2 know d current registrars of these companies: sterling bank, skye bank, Nascon, dangote sugar & conoil. I need help cos im havin conflictin info.
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  #913 (permalink)  
Old 16th April 2012, 07:08 PM
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Default Re: Sterling Bank Plc
Quote:
Originally Posted by laso View Post
Pls members,i need 2 know d current registrars of these companies: sterling bank, skye bank, Nascon, dangote sugar & conoil. I need help cos im havin conflictin info.
Sterling bank - NAL REGISTRARS

Skye bank- FIRST REGISTRARS LIMITED

Nascon - FLOUR MILLS OF NIGERIA

Dangote Sugar - ZENITH REGISTRARS LIMITED

Conoil - STERLING REGISTRARS LIMITED

Source: Cashcraft (Company Info||Registrars, Sharesinissue etc)
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  #914 (permalink)  
Old 16th April 2012, 08:18 PM
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Default Re: Sterling Bank Plc
Quote:
Originally Posted by Salida View Post
Sterling bank - NAL REGISTRARS

Skye bank- FIRST REGISTRARS LIMITED

Nascon - FLOUR MILLS OF NIGERIA

Dangote Sugar - ZENITH REGISTRARS LIMITED

Conoil - STERLING REGISTRARS LIMITED

Source: Cashcraft (Company Info||Registrars, Sharesinissue etc)
thank u my oga. But i dont think dey ar up to date at dat website o. I.e, is dere anythin like Nal registrar agai? I also read somewhere dat Nascon has changed its registrar to meristem and I cant find d name of skye bank on e-devidend form of first registrar. U can see why im confused.
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  #915 (permalink)  
Old 17th April 2012, 02:06 AM
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Default Re: Sterling Bank Plc
Quote:
Originally Posted by laso View Post
thank u my oga. But i dont think dey ar up to date at dat website o. I.e, is dere anythin like Nal registrar agai? I also read somewhere dat Nascon has changed its registrar to meristem and I cant find d name of skye bank on e-devidend form of first registrar. U can see why im confused.
You are correct Sir Laso.Some of the info on Cashcraft are inaccurate.
Had my doubts too when I saw sterling bank not listed against Sterling Registrars.

Checked Proshare and found the following:

SKYE Bank - City Securities (Registrars) Limited

Sterling bank - Sterling Registrars Limited

Nascon - Meristem Registrars Limited

Dangote Sugar - ZENITH REGISTRARS LIMITED

Conoil - STERLING REGISTRARS LIMITED
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  #916 (permalink)  
Old 10th May 2012, 03:23 PM
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Default Re: Sterling Bank Plc
STERLING BANK PLC
May 10, 2012
Unaudited Results (March, 2012)
Statement of Comprehensive Income
Gross Earnings 31/03/2012 N17.176b 31/03/2011 N9.608b 31/12/2011 N46.327b
Interest Income 12 N13.576b 11 N6.275b Audited 11 N31.376b
Interest Expenses 12 (N7.306b) 11 (N2.653b) Audited 11 (N15.609b)
Impairment Charges 12 (N856.837m) 11 (N903.499m) Audited 11 (N2.058b)
Fee, Commission & Other Income 12 N3.599b 11 N3.333b Audited 11 N14.951b
Personnel & Other Expenses 12 (N6.627b) 11 (N4.502b) Audited 11 (N20.881b)
Depreciation & Amortization 12 (N821.164m) 11 (N289.719m) Audited 11 (N1.524b)
Profit before Tax 12 N1.564b 11 N1.259b Audited 11 N6.253b
Taxation 12 (N243.141m) 11 (N122.279m) Audited 11 N873.423m
Profit after Tax 12 N1.321b 11 N1.136b Audited 11 N7.126b
Total Comprehensive Income 12 N1.389b 11 N1.188b Audited 11 N7.580b

Statement of Financial Position
Property, Plant & Equipment 31-03-12 N8.766b 31-12-11 N8.930b
Investment in Securities 12 N171.413b 11 N169.740b
Non-trading Pledged Assets 12 N51.352b 11 N49.952b
Loans and Advances 12 N177.757b 11 N164.273b
Cash and Bank Balances 12 N70.904b 11 N66.591b
Other Debit Balances 12 N41.299b 11 N45.229b
Deposits 12 N412.896b 11 N409.643b
Other Credit Balances 12 N65.600b 11 N53.469b
Net Assets 12 N42.997b 11 N41.608b
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