Go Back   StockMarketNigeria.com Forums > Nigerian Stocks > Banking Stocks

Banking Stocks First Bank, Union Bank, GTB, Zenith Bank etc

Welcome to the StockMarketNigeria.com Forums.
If this is your first visit, be sure to check out the FAQ by clicking the link above. You may have to register before you can post: click the register link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below.

Reply
 
LinkBack Thread Tools Search this Thread Display Modes
  #1 (permalink)  
Old 18th July 2007, 11:52 AM
RethinK2.0's Avatar
Rank: Senior Member
Points: 3,861, Level: 39
Points: 3,861, Level: 39 Points: 3,861, Level: 39 Points: 3,861, Level: 39
Activity: 0%
Activity: 0% Activity: 0% Activity: 0%
 
Join Date: Jul 2007
Posts: 134
Thanks: 0
Thanked 0 Times in 0 Posts
Groans: 0
Groaned at 0 Times in 0 Posts
Rep Power: 8
RethinK2.0 is on a distinguished road
Post Sterling Bank Plc

Sterling Bank gets N127bn from AFREXIM (http://www.businessdayonline.com/?c=54&a=14683)

Sterling is not one of the biggest banks in Nigeria, however if all the reports of credit facilities, international collaborations are anything to go by, this stock might have a lot of potential in the next few months.

Afterall as a shareholder, i would prefer the company borrow rather than issue out public offers as is often the case. public offers dilute existing shares. Loans on the other hand, if well managed reduce corporation tax since they are considered as an expense.

The bank's price has definitely soared this year currently at around 8 but considering it pipped 10.10 about a month ago, i wouldnt be at all surprised if it trades at the 20 range in the next 12 months.


What do you guys think?
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #2 (permalink)  
Old 18th July 2007, 02:37 PM
paragon's Avatar
Rank: Senior Member
Points: 4,486, Level: 42
Points: 4,486, Level: 42 Points: 4,486, Level: 42 Points: 4,486, Level: 42
Activity: 0%
Activity: 0% Activity: 0% Activity: 0%
 
Join Date: Oct 2006
Location: Nigeria
Posts: 133
Thanks: 0
Thanked 1 Time in 1 Post
Groans: 0
Groaned at 1 Time in 1 Post
Rep Power: 9
paragon is on a distinguished road
Default

i believe that the bank is a sleeping giant, because its peers-skye bank, wema bank, and some others have gone ahead. their financial year ended in june and the results will be out soon. the 3rd quarter was impressive. I have told my broker to get some units for me, so that when the results come out and the rush begins, i will be relaxing.
__________________
It is not what you know, but what you do with what you know that matters. Think and act...
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
The Following User Says Thank You to paragon For This Useful Post:
Enurfmar (28th June 2013)
The Following User Says NO Thank You to paragon For This Un-useful Post:
RedoSmefe (29th June 2013)
  #3 (permalink)  
Old 18th July 2007, 03:40 PM
windywendy's Avatar
Senior Member
Rank: Member
Points: 2,297, Level: 28
Points: 2,297, Level: 28 Points: 2,297, Level: 28 Points: 2,297, Level: 28
Activity: 0%
Activity: 0% Activity: 0% Activity: 0%
 
Join Date: Oct 2006
Posts: 99
Thanks: 0
Thanked 0 Times in 0 Posts
Groans: 0
Groaned at 0 Times in 0 Posts
Rep Power: 9
windywendy is on a distinguished road
Default

Yeah, my broker (FSDH) was just telling me about this stock yesterday, how that it's a solid buy, etc etc. Anyway I got some units a while back, so if it soars I definitely would be riding the wave
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #4 (permalink)  
Old 18th July 2007, 06:11 PM
nichobabe81's Avatar
Rank: Senior Member
Points: 2,877, Level: 32
Points: 2,877, Level: 32 Points: 2,877, Level: 32 Points: 2,877, Level: 32
Activity: 0%
Activity: 0% Activity: 0% Activity: 0%
 
Join Date: Jun 2007
Posts: 124
Thanks: 0
Thanked 3 Times in 3 Posts
Groans: 0
Groaned at 1 Time in 1 Post
Rep Power: 8
nichobabe81 is on a distinguished road
Default

Quote:
Originally Posted by windywendy View Post
Yeah, my broker (FSDH) was just telling me about this stock yesterday, how that it's a solid buy, etc etc. Anyway I got some units a while back, so if it soars I definitely would be riding the wave

Thanks guys i have already position myself...
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
The Following User Says Thank You to nichobabe81 For This Useful Post:
Enurfmar (28th June 2013)
The Following User Says NO Thank You to nichobabe81 For This Un-useful Post:
RedoSmefe (4th July 2013)
  #5 (permalink)  
Old 18th July 2007, 07:43 PM
ukato's Avatar
Rank: Junior Member
Points: 1,695, Level: 23
Points: 1,695, Level: 23 Points: 1,695, Level: 23 Points: 1,695, Level: 23
Activity: 0%
Activity: 0% Activity: 0% Activity: 0%
 
Join Date: Jun 2007
Posts: 12
Thanks: 0
Thanked 1 Time in 1 Post
Groans: 0
Groaned at 0 Times in 0 Posts
Rep Power: 0
ukato is on a distinguished road
Unhappy

Windy Wendy, I see that you use FSDH. Who is your stock broker, can I have the person's number. I use FSDH too but I am not getting the feedback from my account officer as I want. If you make a request for a sale of a stock with FSDH, how fast does it take and how is this communicated to you?
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
The Following User Says Thank You to ukato For This Useful Post:
RedoSmefe (29th June 2013)
  #6 (permalink)  
Old 31st August 2007, 06:18 AM
hispy99's Avatar
Forum Moderator
Rank: Senior Member
Points: 87,964, Level: 100
Points: 87,964, Level: 100 Points: 87,964, Level: 100 Points: 87,964, Level: 100
Activity: 99%
Activity: 99% Activity: 99% Activity: 99%
 
Join Date: Aug 2007
Location: Chicago
Posts: 28,250
Thanks: 121
Thanked 259 Times in 210 Posts
Groans: 2
Groaned at 3 Times in 3 Posts
Rep Power: 40
hispy99 is just really nicehispy99 is just really nicehispy99 is just really nicehispy99 is just really nicehispy99 is just really nice
Default

www.ngrguardiannews.com - Guardian Newspapers

The MD of the bank stated that all the five banks that formed Sterling were guilty of false disclosure. I wonder what the CBN/SEC will do about this; most probably nothing.
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #7 (permalink)  
Old 31st August 2007, 06:28 AM
olusolakemmy's Avatar
Forum Moderator
Rank: Senior Member
Points: 5,987, Level: 50
Points: 5,987, Level: 50 Points: 5,987, Level: 50 Points: 5,987, Level: 50
Activity: 0%
Activity: 0% Activity: 0% Activity: 0%
 
Join Date: May 2007
Posts: 1,485
Thanks: 0
Thanked 5 Times in 3 Posts
Groans: 0
Groaned at 0 Times in 0 Posts
Rep Power: 9
olusolakemmy will become famous soon enough
Default

thats not a good news, but i have a feeling there are too many falsehood in the banking industry, i wonder why, even profit declaration for the big boys are false sometimes,if not always.
well, if sterling meet the cut offpoint, cbn might not do anything.
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #8 (permalink)  
Old 4th September 2007, 07:29 AM
estateguru's Avatar
Rank: Junior Member
Points: 1,658, Level: 23
Points: 1,658, Level: 23 Points: 1,658, Level: 23 Points: 1,658, Level: 23
Activity: 0%
Activity: 0% Activity: 0% Activity: 0%
 
Join Date: Sep 2007
Posts: 3
Thanks: 0
Thanked 0 Times in 0 Posts
Groans: 0
Groaned at 0 Times in 0 Posts
Rep Power: 0
estateguru is on a distinguished road
Default Real estate Investment a better capital appreciation as opposed to IPO

Well, I am of the opinion that the bank Ipo will provide room for capital appreciation.

However, talking about capital appreciation, I am of the opinion that real estate investment in Nigeria will give better returns and better Capital Appreciation than the Capital Market.

Does any have comments to this.
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #9 (permalink)  
Old 4th September 2007, 12:00 PM
nnana's Avatar
Rank: Junior Member
Points: 1,531, Level: 22
Points: 1,531, Level: 22 Points: 1,531, Level: 22 Points: 1,531, Level: 22
Activity: 0%
Activity: 0% Activity: 0% Activity: 0%
 
Join Date: Jul 2007
Posts: 3
Thanks: 0
Thanked 0 Times in 0 Posts
Groans: 0
Groaned at 0 Times in 0 Posts
Rep Power: 0
nnana is on a distinguished road
Default Sterling & Oceanic

I'm contemplating in purchasing either sterling or oceanic bank shares could you please advice the best bank stock to buy now at this moment
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #10 (permalink)  
Old 4th September 2007, 01:43 PM
nichobabe81's Avatar
Rank: Senior Member
Points: 2,877, Level: 32
Points: 2,877, Level: 32 Points: 2,877, Level: 32 Points: 2,877, Level: 32
Activity: 0%
Activity: 0% Activity: 0% Activity: 0%
 
Join Date: Jun 2007
Posts: 124
Thanks: 0
Thanked 3 Times in 3 Posts
Groans: 0
Groaned at 1 Time in 1 Post
Rep Power: 8
nichobabe81 is on a distinguished road
Default

Quote:
Originally Posted by nnana View Post
I'm contemplating in purchasing either sterling or oceanic bank shares could you please advice the best bank stock to buy now at this moment
If you ask me i will take Oceanic bank anyday over Sterling. I don't know what Sterling is up to, are they coming out? We have been hearing rumours but nothing
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #11 (permalink)  
Old 6th September 2007, 08:21 PM
c kenneths's Avatar
Rank: Senior Member
Points: 17,385, Level: 84
Points: 17,385, Level: 84 Points: 17,385, Level: 84 Points: 17,385, Level: 84
Activity: 0%
Activity: 0% Activity: 0% Activity: 0%
 
Join Date: Oct 2006
Posts: 3,211
Thanks: 32
Thanked 48 Times in 32 Posts
Groans: 0
Groaned at 2 Times in 1 Post
Rep Power: 13
c kenneths has a spectacular aura aboutc kenneths has a spectacular aura about
Default

For now Oceanic stands head and shoulders above sterling bank, except if your intention is to play short term, then it wouldn't matter which one you buy, prospects of a rise will be you primary consideration then.
__________________
"THOSE WHO WIN, ARE THOSE WHO THINK THEY CAN"
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #12 (permalink)  
Old 10th September 2007, 10:17 AM
nnana's Avatar
Rank: Junior Member
Points: 1,531, Level: 22
Points: 1,531, Level: 22 Points: 1,531, Level: 22 Points: 1,531, Level: 22
Activity: 0%
Activity: 0% Activity: 0% Activity: 0%
 
Join Date: Jul 2007
Posts: 3
Thanks: 0
Thanked 0 Times in 0 Posts
Groans: 0
Groaned at 0 Times in 0 Posts
Rep Power: 0
nnana is on a distinguished road
Default

I'm looking at short term say 3-4months the attrraction i had with sterling is the low price @ N8 looks attractive 2me but .. i dont know
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #13 (permalink)  
Old 12th September 2007, 03:37 AM
hispy99's Avatar
Forum Moderator
Rank: Senior Member
Points: 87,964, Level: 100
Points: 87,964, Level: 100 Points: 87,964, Level: 100 Points: 87,964, Level: 100
Activity: 99%
Activity: 99% Activity: 99% Activity: 99%
 
Join Date: Aug 2007
Location: Chicago
Posts: 28,250
Thanks: 121
Thanked 259 Times in 210 Posts
Groans: 2
Groaned at 3 Times in 3 Posts
Rep Power: 40
hispy99 is just really nicehispy99 is just really nicehispy99 is just really nicehispy99 is just really nicehispy99 is just really nice
Default

Quote:
Originally Posted by nnana View Post
I'm looking at short term say 3-4months the attrraction i had with sterling is the low price @ N8 looks attractive 2me but .. i dont know
Nnana,

You need to look beyond the price of the stock. Sterling trading @ N8 is not necessarily a better stock than Oceanic trading @ N30 or Zenith @ N44. Both Zenith and Oceanic could be better stocks based on fundamentals (P/E, Divyield, Cashflow yield, long tem growth prospects e.t.c)
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #14 (permalink)  
Old 12th September 2007, 07:40 AM
olusolakemmy's Avatar
Forum Moderator
Rank: Senior Member
Points: 5,987, Level: 50
Points: 5,987, Level: 50 Points: 5,987, Level: 50 Points: 5,987, Level: 50
Activity: 0%
Activity: 0% Activity: 0% Activity: 0%
 
Join Date: May 2007
Posts: 1,485
Thanks: 0
Thanked 5 Times in 3 Posts
Groans: 0
Groaned at 0 Times in 0 Posts
Rep Power: 9
olusolakemmy will become famous soon enough
Default

it is certain that sterlin bank is coming to the market to raise fund, so if u are looking at 4month, dont put your money their, i also observe that they are not ready to do artificial appreciation as the price has not gone past N8.2 for some time now.

Oceanic to reach it peak at N30, atleast for now, except of course when their result will be release and bonus plus div is declared,may be that, the price can go up, otherwise, dont go for oceanic too.

I will suggest you take risk intothe insurance firm, some of them are really very low now, then you can set a target and do fsat trading,but is with a risk shaaaaaaaaaaaaaaa
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #15 (permalink)  
Old 12th September 2007, 09:55 AM
BEEJEEADE's Avatar
Rank: Junior Member
Points: 1,460, Level: 21
Points: 1,460, Level: 21 Points: 1,460, Level: 21 Points: 1,460, Level: 21
Activity: 0%
Activity: 0% Activity: 0% Activity: 0%
 
Join Date: Aug 2007
Posts: 5
Thanks: 0
Thanked 0 Times in 0 Posts
Groans: 0
Groaned at 0 Times in 0 Posts
Rep Power: 0
BEEJEEADE is on a distinguished road
Default Oceanic Bank And Sterling Shares

although it is not yet released into the market.............but i wish to inform you that OCEANIC bank has Exceeded it's Projection...@ the moment it's PBT is abt N20B...Pls book for this Stock b4 it become a Public news!!!!!!
__________________
It is POSSIBLE!!!!!
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #16 (permalink)  
Old 12th September 2007, 12:04 PM
nichobabe81's Avatar
Rank: Senior Member
Points: 2,877, Level: 32
Points: 2,877, Level: 32 Points: 2,877, Level: 32 Points: 2,877, Level: 32
Activity: 0%
Activity: 0% Activity: 0% Activity: 0%
 
Join Date: Jun 2007
Posts: 124
Thanks: 0
Thanked 3 Times in 3 Posts
Groans: 0
Groaned at 1 Time in 1 Post
Rep Power: 8
nichobabe81 is on a distinguished road
Default

Abeg what is the source of this info? Can you throw more light.

Thanks for the good news, just want to place a reliability factor to it.
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #17 (permalink)  
Old 12th September 2007, 12:37 PM
Apache's Avatar
Forum Moderator
Rank: Senior Member
Points: 21,566, Level: 92
Points: 21,566, Level: 92 Points: 21,566, Level: 92 Points: 21,566, Level: 92
Activity: 0%
Activity: 0% Activity: 0% Activity: 0%
 
Join Date: Aug 2007
Location: Coventry, UK
Posts: 1,517
Thanks: 11
Thanked 7 Times in 7 Posts
Groans: 0
Groaned at 0 Times in 0 Posts
Rep Power: 9
Apache is on a distinguished road
Default

Ching ching!!!
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #18 (permalink)  
Old 12th September 2007, 12:44 PM
Apache's Avatar
Forum Moderator
Rank: Senior Member
Points: 21,566, Level: 92
Points: 21,566, Level: 92 Points: 21,566, Level: 92 Points: 21,566, Level: 92
Activity: 0%
Activity: 0% Activity: 0% Activity: 0%
 
Join Date: Aug 2007
Location: Coventry, UK
Posts: 1,517
Thanks: 11
Thanked 7 Times in 7 Posts
Groans: 0
Groaned at 0 Times in 0 Posts
Rep Power: 9
Apache is on a distinguished road
Default How come!!!

Quote:
Originally Posted by BEEJEEADE View Post
although it is not yet released into the market.............but i wish to inform you that OCEANIC bank has Exceeded it's Projection...@ the moment it's PBT is abt N20B...Pls book for this Stock b4 it become a Public news!!!!!!
Wait O!!! I thought Oceanic's bank financial year end is September. So how can sum1 know there PBT when the financial year has not even ended.
Unless this is just someone's projection but it can't be for real for now. If this info was coming in around October, then i would have started smiling to the bank
I know that Oceanic will definitely do well anyday and probably in line with what you have indicated, but i think this info is still a projection for now

Last edited by Apache; 12th September 2007 at 12:47 PM.
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #19 (permalink)  
Old 12th September 2007, 03:28 PM
yodiyokun's Avatar
Rank: Member
Points: 2,757, Level: 32
Points: 2,757, Level: 32 Points: 2,757, Level: 32 Points: 2,757, Level: 32
Activity: 0%
Activity: 0% Activity: 0% Activity: 0%
 
Join Date: Aug 2007
Posts: 51
Thanks: 0
Thanked 0 Times in 0 Posts
Groans: 0
Groaned at 0 Times in 0 Posts
Rep Power: 8
yodiyokun is on a distinguished road
Default

How do you know the guy does not work in the financial control department of the bank.... if he does he probably knows what he is talking about!
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #20 (permalink)  
Old 12th September 2007, 05:01 PM
Ahaah's Avatar
Rank: Senior Member
Points: 6,184, Level: 51
Points: 6,184, Level: 51 Points: 6,184, Level: 51 Points: 6,184, Level: 51
Activity: 7%
Activity: 7% Activity: 7% Activity: 7%
 
Join Date: Jul 2007
Posts: 129
Thanks: 0
Thanked 3 Times in 3 Posts
Groans: 0
Groaned at 0 Times in 0 Posts
Rep Power: 8
Ahaah is on a distinguished road
Default

It seems Insider Trading is not a crime in Nigeria!!!!!!!!
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
Reply

« Fcmb | Unity Bank »

Similar Threads
Thread Thread Starter Forum Replies Last Post
Sterling Assurance PP madeonline Private Placements 37 11th November 2008 12:15 PM
Sterling Insurance PP Geeman Private Placements 12 9th May 2008 10:48 AM
Sterling Assurance PP madeonline Private Placements 0 31st December 2007 10:17 AM
Ecobank vs Sterling Merger ayemco Banking Stocks 5 19th November 2007 07:16 PM


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are Off



All times are GMT +1. The time now is 07:47 AM.


Powered by vBulletin® Version 3.8.4
Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.
SEO by vBSEO 3.3.0
StockMarketNigeria.comAd Management plugin by RedTyger
no new posts

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37