Diamond bank

[cashrules]

Originally Posted by utuocha

Quote:
Originally Posted by utuocha
Who will rescue this bank? Who? The mess is deep and the light is far!




As today, Diamond bank has fallen N2.08, with a PE of 23.1 (according to Bloomberg)! Yet, the slide continues!

I have been buying Diamond bank since it touched 2.50k.....i will resume once again it touches N1.50K...

This would be the best investment i would have made by yr end 2012!!!

Am in touch with their CFO and looking at the figures at their last qtrly result its off course in tune with the words of the CFO.....they are presently doing a house cleaning, once the house is fully cleaned the 'deep pockets' KOD told us abt earlier would be telling us how much to buy it..

[Salida]

Diamond Bank Awaits Guideline on Sale of Nationalised Banks, Articles | THISDAY LIVE

[goldsun]

Originally Posted by Salida

Diamond Bank Awaits Guideline on Sale of Nationalised Banks, Articles | THISDAY LIVE

a blind man ridding on a blind horse, travelling to a distant journey in a dark night

[Dicobody]

http://www.nse.com.ng/Financial%20Ne...012audited.pdf

[cashrules]

Originally Posted by Dicobody

http://www.nse.com.ng/Financial%20Ne...012audited.pdf

DIAMOND BANK PLC
March 30, 2012
Audited Year-End Results (Dec. 31, 2011)
Gross Earnings 31-12-11 N96.340b 31-12-10 N91.022b
Interest Income 11 N67.935b 10 N66.176b
Interest Expense 11 (N12.285b) 10 (N16.293b)
Net Fee & Commission Income 11 N24.097b 10 N17.248b
Foreign Ex., Investments & Other Income 11 N3.696b 10 N7.068b
Operating Expenses 11 (N55.579b) 10 (N46.564b)
Provision for Losses & 11 (N44.148b) 10 (N22.862b)
Exceptional Items 11 N22.802m 10 Nil
(Loss)/Profit before Tax 11 (N16.261b) 10 N4.772b
Taxation 11 N5.006b 10 (N3.444b)
Profit after Tax 11 (N11.254b) 10 N1.328b

Balance Sheet Information
Fixed Assets 31-12-11 N38.613b 31-12-10 N36.154b
Investment 11 N103.170b 10 N73.491b
Treasury Bills 11 N94.588b 10 N51.302b
Loans & Advances 11 N339.266b 10 N294.227b
Cash and Bank Balances 11 N55.784b 10 N27.606b
Other Debit Balances 11 N172.282b 10 N112.011b
Deposits 11 N601.695b 10 N412.031b
Other Credit Balances 11 N108.678b 10 N75.678b
Net Assets 11 N93.332b 10 N107.084b

Proposed Dividend Nil
Proposed Bonus Nil
Qualification Date 20th April, 2012
Closure Date 23rd - 24th April, 2012
AGM Date 30th April 2012
Payment Date Nil
AGM Venue Civic Centre, Victoria Island Lagos 9.00 a.m.

Omo.. what a wicked Result????? Wetin dem dey call us to come AGM for naa??

Ok.. we go come with our koboko and bulala to come flog the Management of this bank afterall dem chop more money this year..Damn!!!

[nosa2]

Originally Posted by cashrules

DIAMOND BANK PLC
March 30, 2012
Audited Year-End Results (Dec. 31, 2011)
Gross Earnings 31-12-11 N96.340b 31-12-10 N91.022b
Interest Income 11 N67.935b 10 N66.176b
Interest Expense 11 (N12.285b) 10 (N16.293b)
Net Fee & Commission Income 11 N24.097b 10 N17.248b
Foreign Ex., Investments & Other Income 11 N3.696b 10 N7.068b
Operating Expenses 11 (N55.579b) 10 (N46.564b)
Provision for Losses & 11 (N44.148b) 10 (N22.862b)
Exceptional Items 11 N22.802m 10 Nil
(Loss)/Profit before Tax 11 (N16.261b) 10 N4.772b
Taxation 11 N5.006b 10 (N3.444b)
Profit after Tax 11 (N11.254b) 10 N1.328b

Balance Sheet Information
Fixed Assets 31-12-11 N38.613b 31-12-10 N36.154b
Investment 11 N103.170b 10 N73.491b
Treasury Bills 11 N94.588b 10 N51.302b
Loans & Advances 11 N339.266b 10 N294.227b
Cash and Bank Balances 11 N55.784b 10 N27.606b
Other Debit Balances 11 N172.282b 10 N112.011b
Deposits 11 N601.695b 10 N412.031b
Other Credit Balances 11 N108.678b 10 N75.678b
Net Assets 11 N93.332b 10 N107.084b

Proposed Dividend Nil
Proposed Bonus Nil
Qualification Date 20th April, 2012
Closure Date 23rd - 24th April, 2012
AGM Date 30th April 2012
Payment Date Nil
AGM Venue Civic Centre, Victoria Island Lagos 9.00 a.m.

Omo.. what a wicked Result????? Wetin dem dey call us to come AGM for naa??

Ok.. we go come with our koboko and bulala to come flog the Management of this bank afterall dem chop more money this year..Damn!!!

Bros you na shareholder? Chei sorry o!

[cashrules]

Originally Posted by nosa2

Bros you na shareholder? Chei sorry o!

Actually i sold off my own personal holdings a long time ago.. but i still have some legacy shares my mum left in her estate for us........since am like the administrator...i will have to explain to my siblings that there is notin for boiz !!

[1himself]

Originally Posted by cashrules

Actually i sold off my own personal holdings a long time ago.. but i still have some legacy shares my mum left in her estate for us........since am like the administrator...i will have to explain to my siblings that there is notin for boiz !!

I hope d BOYZ ll understand...u had better print this out to show them...hmmm with the new car u bought and ur newly completed mansion...eego hard small to convince me if i be ur brotheroooo U MUST DECLARE SOMETHING ON BEHALF OF DIAMOND BANKooooo.

[BigSeun]

Originally Posted by cashrules

DIAMOND BANK PLC
March 30, 2012
Audited Year-End Results (Dec. 31, 2011)
Gross Earnings 31-12-11 N96.340b 31-12-10 N91.022b
Interest Income 11 N67.935b 10 N66.176b
Interest Expense 11 (N12.285b) 10 (N16.293b)
Net Fee & Commission Income 11 N24.097b 10 N17.248b
Foreign Ex., Investments & Other Income 11 N3.696b 10 N7.068b
Operating Expenses 11 (N55.579b) 10 (N46.564b)
Provision for Losses & 11 (N44.148b) 10 (N22.862b)
Exceptional Items 11 N22.802m 10 Nil
(Loss)/Profit before Tax 11 (N16.261b) 10 N4.772b
Taxation 11 N5.006b 10 (N3.444b)
Profit after Tax 11 (N11.254b) 10 N1.328b

Balance Sheet Information
Fixed Assets 31-12-11 N38.613b 31-12-10 N36.154b
Investment 11 N103.170b 10 N73.491b
Treasury Bills 11 N94.588b 10 N51.302b
Loans & Advances 11 N339.266b 10 N294.227b
Cash and Bank Balances 11 N55.784b 10 N27.606b
Other Debit Balances 11 N172.282b 10 N112.011b
Deposits 11 N601.695b 10 N412.031b
Other Credit Balances 11 N108.678b 10 N75.678b
Net Assets 11 N93.332b 10 N107.084b

Proposed Dividend Nil
Proposed Bonus Nil
Qualification Date 20th April, 2012
Closure Date 23rd - 24th April, 2012
AGM Date 30th April 2012
Payment Date Nil
AGM Venue Civic Centre, Victoria Island Lagos 9.00 a.m.

Omo.. what a wicked Result????? Wetin dem dey call us to come AGM for naa??

Ok.. we go come with our koboko and bulala to come flog the Management of this bank afterall dem chop more money this year..Damn!!!

A goldmine in a making
I no fit shout

[MalamImam]

Originally Posted by cashrules

DIAMOND BANK PLC
March 30, 2012
Audited Year-End Results (Dec. 31, 2011)
Gross Earnings 31-12-11 N96.340b 31-12-10 N91.022b
Interest Income 11 N67.935b 10 N66.176b
Interest Expense 11 (N12.285b) 10 (N16.293b)
Net Fee & Commission Income 11 N24.097b 10 N17.248b
Foreign Ex., Investments & Other Income 11 N3.696b 10 N7.068b
Operating Expenses 11 (N55.579b) 10 (N46.564b)
Provision for Losses & 11 (N44.148b) 10 (N22.862b)
Exceptional Items 11 N22.802m 10 Nil
(Loss)/Profit before Tax 11 (N16.261b) 10 N4.772b
Taxation 11 N5.006b 10 (N3.444b)
Profit after Tax 11 (N11.254b) 10 N1.328b

Balance Sheet Information
Fixed Assets 31-12-11 N38.613b 31-12-10 N36.154b
Investment 11 N103.170b 10 N73.491b
Treasury Bills 11 N94.588b 10 N51.302b
Loans & Advances 11 N339.266b 10 N294.227b
Cash and Bank Balances 11 N55.784b 10 N27.606b
Other Debit Balances 11 N172.282b 10 N112.011b
Deposits 11 N601.695b 10 N412.031b
Other Credit Balances 11 N108.678b 10 N75.678b
Net Assets 11 N93.332b 10 N107.084b

Proposed Dividend Nil
Proposed Bonus Nil
Qualification Date 20th April, 2012
Closure Date 23rd - 24th April, 2012
AGM Date 30th April 2012
Payment Date Nil
AGM Venue Civic Centre, Victoria Island Lagos 9.00 a.m.

Omo.. what a wicked Result????? Wetin dem dey call us to come AGM for naa??

Ok.. we go come with our koboko and bulala to come flog the Management of this bank afterall dem chop more money this year..Damn!!!

Trash! Wasteful! Alarming increase in operating expenses when they should be belt-tightening! Business as usual - living high at shareholders expense! What is the role of SEC in Nigeria? Who monitors these swindlers in bank's management positions? What is the role of CBN? Who checks the waste in these banks? Who? Who? This is sad, unfortunate and a huge erosion of shareholders value! This bank is messed up and will take a miracle to recover!

[nosa2]

Originally Posted by BigSeun

A goldmine in a making
I no fit shout

They increased deposits by 50% yet their earnings were flat, their investments in treasury bills should have netted them additional income but as we can see turnover is flat that implies that excluding treasury bills their turnover actually shrunk.

Bros Abeg where's the gold? All I can see is a bank full of marketers and very few bankers, but then again different opinions is what makes the market go round.

Which one be my own, I no dey buy bank stocks sef

[cashrules]

Originally Posted by 1himself

I hope d BOYZ ll understand...u had better print this out to show them...hmmm with the new car u bought and ur newly completed mansion...eego hard small to convince me if i be ur brotheroooo U MUST DECLARE SOMETHING ON BEHALF OF DIAMOND BANKooooo.

Omo... na bank loan i been collect for UK take arrange that car wey u dey see o!!! ..... men I suppose begin send the results go give everyone now!!

Originally Posted by MalamImam

Trash! Wasteful! Alarming increase in operating expenses when they should be belt-tightening! Business as usual - living high at shareholders expense! What is the role of SEC in Nigeria? Who monitors these swindlers in bank's management positions? What is the role of CBN? Who checks the waste in these banks? Who? Who? This is sad, unfortunate and a huge erosion of shareholders value! This bank is messed up and will take a miracle to recover!

Oga Malam...This Diamond Results have a way of bringing out the 'beast' in you... Omo, we minority shareholders have to take this case to someone else o!!!

Originally Posted by nosa2

They increased deposits by 50% yet their earnings were flat, their investments in treasury bills should have netted them additional income but as we can see turnover is flat that implies that excluding treasury bills their turnover actually shrunk.

Bros Abeg where's the gold? All I can see is a bank full of marketers and very few bankers, but then again different opinions is what makes the market go round.

Which one be my own, I no dey buy bank stocks sef

I think i agree with you on this one!!!

[Felz]

Originally Posted by nosa2

They increased deposits by 50% yet their earnings were flat, their investments in treasury bills should have netted them additional income but as we can see turnover is flat that implies that excluding treasury bills their turnover actually shrunk.

Bros Abeg where's the gold? All I can see is a bank full of marketers and very few bankers, but then again different opinions is what makes the market go round.

Which one be my own, I no dey buy bank stocks sef

Thought my Oga said he would be looking at Zenith cos of their T-bills investment

[Waves]

Originally Posted by cashrules

DIAMOND BANK PLC
March 30, 2012
Audited Year-End Results (Dec. 31, 2011)
Gross Earnings 31-12-11 N96.340b 31-12-10 N91.022b
Interest Income 11 N67.935b 10 N66.176b
Interest Expense 11 (N12.285b) 10 (N16.293b)
Net Fee & Commission Income 11 N24.097b 10 N17.248b
Foreign Ex., Investments & Other Income 11 N3.696b 10 N7.068b
Operating Expenses 11 (N55.579b) 10 (N46.564b)
Provision for Losses & 11 (N44.148b) 10 (N22.862b)
Exceptional Items 11 N22.802m 10 Nil
(Loss)/Profit before Tax 11 (N16.261b) 10 N4.772b
Taxation 11 N5.006b 10 (N3.444b)
Profit after Tax 11 (N11.254b) 10 N1.328b

Balance Sheet Information
Fixed Assets 31-12-11 N38.613b 31-12-10 N36.154b
Investment 11 N103.170b 10 N73.491b
Treasury Bills 11 N94.588b 10 N51.302b
Loans & Advances 11 N339.266b 10 N294.227b
Cash and Bank Balances 11 N55.784b 10 N27.606b
Other Debit Balances 11 N172.282b 10 N112.011b
Deposits 11 N601.695b 10 N412.031b
Other Credit Balances 11 N108.678b 10 N75.678b
Net Assets 11 N93.332b 10 N107.084b

Proposed Dividend Nil
Proposed Bonus Nil
Qualification Date 20th April, 2012
Closure Date 23rd - 24th April, 2012
AGM Date 30th April 2012
Payment Date Nil
AGM Venue Civic Centre, Victoria Island Lagos 9.00 a.m.

Omo.. what a wicked Result????? Wetin dem dey call us to come AGM for naa??

Ok.. we go come with our koboko and bulala to come flog the Management of this bank afterall dem chop more money this year..Damn!!!

From what is unfolding, this bank should have been in company of Oceanic, Finbank et al. May be they were spared because they are one of the four Pension Fund Custodians.

[Felz]

Originally Posted by Waves

From what is unfolding, this bank should have been in company of Oceanic, Finbank et al. May be they were spared because they are one of the four Pension Fund Custodians.

Oga Waves. Na who be the remaining three PFCs?

[Waves]

Originally Posted by Felz

Oga Waves. Na who be the remaining three PFCs?

Zenith, UBA and First Bank.

[cashrules]

Equity Review of Diamond Bank’s FY 311211 Earnings

Now ARM is placing a BUY on this one...

They will need to show me how much of this they have bought into their portfolio to convince me...

[cashrules]

UPDATE 1-Nigeria's Diamond Bank seeks merger talks, bond issue | News by Country | Reuters

just wondering which of the nationalised banks that they want to acquire with this struggling balance sheet...

Anyway in the corporate world we have seen 'lizards' swallowing 'alligators'

[cashrules]

DIAMOND Bank Plc records N7.5 billion PBT in 2012 Q1 Result

Now i understand why the stock has been trading so well today!

[pegheneji]

Channels Television - Nigeria's Award Winning Television Station
I see SLS hand here and I think he is getting wiser