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  #281 (permalink)  
Old 28th April 2010, 08:45 PM
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Default Re: FirstInlandBank

Quote:
Originally Posted by 123.rado View Post
28-04-2010 FINBANK PLC AUDITED FINANCIAL REPORT FOR THE YEAR
ENDED 31ST DECEMBER 2009 PROFIT AND LOSS INFORMATION
2009 2008
TURNOVER N72.386b N30.779b
PROFIT BEFORE TAX AND E I (N111,228b) (N80.532b)
EXCEPTIONAL ITEMS (N38.597b) (N0.00)
TAXATION (N272m) (N237m)
LOSS PROFIT AFTER TAXATION (N149.770b) (N96.726b)
BALANCE SHEET INFORMATION 31/12/09 31/10/08
FIXED ASSETS N16.056b N15.777b
TREASURY BILLS N7.076b N26.419b
LOANS AND ADVANCES N44.485b N93.329b
CASH AND BANK BALANCES N9.278b N6.279b
OTHER DEBIT BALANCES N80.300b N174.820b
CUSTOMERS DEPOSIT N197.041b N236.087b
OTHER CREDIT BALANCES N86.005b N53.131b
NET ASSETS (N125.851b) N27.407b
NOTE THE COMPANY STATED THAT THE SHARP DECLINE IN PERFORMANCE WAS
OCCASSIONED BY THE LARGE AMOUNT OF PROVISIONS FOR RISK ASSETS
AND OTHER KNOWN LOSSES REVEALED DURING THE RECENT REGULATORY EXAM
THAT ARE NOT EXPECTED TO RE OCCUR IN THE ORDINARY COURSE OF BIZS IN FUTURE
N149B LAT and negatve Net Assets N125B only?
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  #282 (permalink)  
Old 28th April 2010, 09:01 PM
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Default Re: FirstInlandBank

Quote:
Originally Posted by hispy99 View Post
N149B LAT and negatve Net Assets N125B only?
Hehehe... Net assets were N27b last year na.
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  #283 (permalink)  
Old 29th April 2010, 02:26 PM
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Default Re: FirstInlandBank

Quote:
Originally Posted by hispy99 View Post
N149B LAT and negatve Net Assets N125B only?
And some wise men made this stock close higher
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  #284 (permalink)  
Old 29th April 2010, 03:03 PM
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Default Re: FirstInlandBank

Quote:
Originally Posted by nosa2 View Post
And some wise men made this stock close higher
Dem still get N17 bn fixed assets na...after all assets na assets....whether fixed or floating...
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  #285 (permalink)  
Old 29th April 2010, 05:58 PM
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Default Re: FirstInlandBank

Quote:
Originally Posted by nosa2 View Post
And some wise men made this stock close higher
May be someone is aware of thier good Q1 2010 result.
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  #286 (permalink)  
Old 29th April 2010, 06:16 PM
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Default Re: FirstInlandBank

Quote:
Originally Posted by Waves View Post
May be someone is aware of thier good Q1 2010 result.
Sanusi did not mention this bank as one of the banks that made profits in March... I think someone is speculating.
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  #287 (permalink)  
Old 30th April 2010, 02:46 PM
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Default Re: FirstInlandBank

Quote:
Originally Posted by 123.rado View Post
28-04-2010 FINBANK PLC AUDITED FINANCIAL REPORT FOR THE YEAR
ENDED 31ST DECEMBER 2009 PROFIT AND LOSS INFORMATION
2009 2008
TURNOVER N72.386b N30.779b
PROFIT BEFORE TAX AND E I (N111,228b) (N80.532b)
EXCEPTIONAL ITEMS (N38.597b) (N0.00)
TAXATION (N272m) (N237m)
LOSS PROFIT AFTER TAXATION (N149.770b) (N96.726b)
BALANCE SHEET INFORMATION 31/12/09 31/10/08
FIXED ASSETS N16.056b N15.777b
TREASURY BILLS N7.076b N26.419b
LOANS AND ADVANCES N44.485b N93.329b
CASH AND BANK BALANCES N9.278b N6.279b
OTHER DEBIT BALANCES N80.300b N174.820b
CUSTOMERS DEPOSIT N197.041b N236.087b
OTHER CREDIT BALANCES N86.005b N53.131b
NET ASSETS (N125.851b) N27.407b
NOTE THE COMPANY STATED THAT THE SHARP DECLINE IN PERFORMANCE WAS
OCCASSIONED BY THE LARGE AMOUNT OF PROVISIONS FOR RISK ASSETS
AND OTHER KNOWN LOSSES REVEALED DURING THE RECENT REGULATORY EXAM
THAT ARE NOT EXPECTED TO RE OCCUR IN THE ORDINARY COURSE OF BIZS IN FUTURE

30-04-2010 FINBANK PLC INTERIM REPORT FOR THE PERIOD ENDED 31ST
MARCH 2010 FIRST QUARTER
2010 2009 %CHNAGE
GROSS EARNINGS N12.498b N17.341b (27.93)
PROFIT BEFORE TAX N1.165b N2.637b (55.82)
TAXATION (N175m) (N369m) (52.57)
PROFIT AFTER TAX N9 90m N2.268b (56.35)
BALANCE SHEET INFORMATION
31-03-2010 31-12-2009
FIXED ASSETS N15.979b N16.120b (0.87)
INVESTMENTS N15.504b N10.090b 53.66
TREASURY BILLS N7.559b N7.076b 6.83
TRADE DEBTORS N54.782b N44.485b 23.15
CASH AND BANK BALANCES N9.534b N9.278b 2.76
OTHER DEBIT BALANCES N178.302b N145.248b 22.76
TRADE CREDITORS N218.059b N197.041b 10.67
SHORT TERM BORROWINGS N11.651b N5.681b 105.09
OTHER CREDIT BALANCES N120.392b N86.005b 9.98
NET ASSETS N48.322b N65.012b (25.67)

Make una helep me for this forum ooooooooooo...how did their Net assets jump so much...this does not add up....abi is it true that Sanusi made these banks look worse than they were in September '09 the only plausible reason is write-backs...or dem go do public offer for Mars and Jupiter?????
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  #288 (permalink)  
Old 30th April 2010, 03:06 PM
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Default Re: FirstInlandBank

Quote:
Originally Posted by horlads View Post
30-04-2010 FINBANK PLC INTERIM REPORT FOR THE PERIOD ENDED 31ST
MARCH 2010 FIRST QUARTER
2010 2009 %CHNAGE
GROSS EARNINGS N12.498b N17.341b (27.93)
PROFIT BEFORE TAX N1.165b N2.637b (55.82)
TAXATION (N175m) (N369m) (52.57)
PROFIT AFTER TAX N9 90m N2.268b (56.35)
BALANCE SHEET INFORMATION
31-03-2010 31-12-2009
FIXED ASSETS N15.979b N16.120b (0.87)
INVESTMENTS N15.504b N10.090b 53.66
TREASURY BILLS N7.559b N7.076b 6.83
TRADE DEBTORS N54.782b N44.485b 23.15
CASH AND BANK BALANCES N9.534b N9.278b 2.76
OTHER DEBIT BALANCES N178.302b N145.248b 22.76
TRADE CREDITORS N218.059b N197.041b 10.67
SHORT TERM BORROWINGS N11.651b N5.681b 105.09
OTHER CREDIT BALANCES N120.392b N86.005b 9.98
NET ASSETS N48.322b N65.012b (25.67)

Make una helep me for this forum ooooooooooo...how did their Net assets jump so much...this does not add up....abi is it true that Sanusi made these banks look worse than they were in September '09 the only plausible reason is write-backs...or dem go do public offer for Mars and Jupiter?????
remember that its unaudited
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  #289 (permalink)  
Old 30th April 2010, 03:18 PM
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Default Re: FirstInlandBank

Quote:
Originally Posted by nosa2 View Post
remember that its unaudited
But Haba....dis one is too far na! Profits can differ significantly in audited and unaudited results...not a figure like Net Assets..me i never see this kain one before oooo
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  #290 (permalink)  
Old 30th April 2010, 03:26 PM
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Default Re: FirstInlandBank

Quote:
Originally Posted by horlads View Post
30-04-2010 FINBANK PLC INTERIM REPORT FOR THE PERIOD ENDED 31ST
MARCH 2010 FIRST QUARTER
2010 2009 %CHNAGE
GROSS EARNINGS N12.498b N17.341b (27.93)
PROFIT BEFORE TAX N1.165b N2.637b (55.82)
TAXATION (N175m) (N369m) (52.57)
PROFIT AFTER TAX N9 90m N2.268b (56.35)
BALANCE SHEET INFORMATION
31-03-2010 31-12-2009
FIXED ASSETS N15.979b N16.120b (0.87)
INVESTMENTS N15.504b N10.090b 53.66
TREASURY BILLS N7.559b N7.076b 6.83
TRADE DEBTORS N54.782b N44.485b 23.15
CASH AND BANK BALANCES N9.534b N9.278b 2.76
OTHER DEBIT BALANCES N178.302b N145.248b 22.76
TRADE CREDITORS N218.059b N197.041b 10.67
SHORT TERM BORROWINGS N11.651b N5.681b 105.09
OTHER CREDIT BALANCES N120.392b N86.005b 9.98
NET ASSETS N48.322b N65.012b (25.67)

Make una helep me for this forum ooooooooooo...how did their Net assets jump so much...this does not add up....abi is it true that Sanusi made these banks look worse than they were in September '09 the only plausible reason is write-backs...or dem go do public offer for Mars and Jupiter?????
Abeg make na help someone out for here how come? Anyway na naija we dey. Kod, pumping, wanaj0, can one take a speculative move on this say 1 month before d true picture is out.
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  #291 (permalink)  
Old 30th April 2010, 03:33 PM
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Default Re: FirstInlandBank

When do guys feel is best entry pont? 20% no too much for this one oooo
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  #292 (permalink)  
Old 30th April 2010, 05:43 PM
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Default Re: FirstInlandBank

Quote:
Originally Posted by horlads View Post
30-04-2010 FINBANK PLC INTERIM REPORT FOR THE PERIOD ENDED 31ST
MARCH 2010 FIRST QUARTER
2010 2009 %CHNAGE
GROSS EARNINGS N12.498b N17.341b (27.93)
PROFIT BEFORE TAX N1.165b N2.637b (55.82)
TAXATION (N175m) (N369m) (52.57)
PROFIT AFTER TAX N9 90m N2.268b (56.35)
BALANCE SHEET INFORMATION
31-03-2010 31-12-2009
FIXED ASSETS N15.979b N16.120b (0.87)
INVESTMENTS N15.504b N10.090b 53.66
TREASURY BILLS N7.559b N7.076b 6.83
TRADE DEBTORS N54.782b N44.485b 23.15
CASH AND BANK BALANCES N9.534b N9.278b 2.76
OTHER DEBIT BALANCES N178.302b N145.248b 22.76
TRADE CREDITORS N218.059b N197.041b 10.67
SHORT TERM BORROWINGS N11.651b N5.681b 105.09
OTHER CREDIT BALANCES N120.392b N86.005b 9.98
NET ASSETS N48.322b N65.012b (25.67)

Make una helep me for this forum ooooooooooo...how did their Net assets jump so much...this does not add up....abi is it true that Sanusi made these banks look worse than they were in September '09 the only plausible reason is write-backs...or dem go do public offer for Mars and Jupiter?????
i no fit talk for this one sha but i know say the man na magician
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  #293 (permalink)  
Old 5th May 2010, 02:38 PM
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Default Re: FirstInlandBank

Quote:
Originally Posted by horlads View Post
30-04-2010 FINBANK PLC INTERIM REPORT FOR THE PERIOD ENDED 31ST
MARCH 2010 FIRST QUARTER
2010 2009 %CHNAGE
GROSS EARNINGS N12.498b N17.341b (27.93)
PROFIT BEFORE TAX N1.165b N2.637b (55.82)
TAXATION (N175m) (N369m) (52.57)
PROFIT AFTER TAX N9 90m N2.268b (56.35)
BALANCE SHEET INFORMATION
31-03-2010 31-12-2009
FIXED ASSETS N15.979b N16.120b (0.87)
INVESTMENTS N15.504b N10.090b 53.66
TREASURY BILLS N7.559b N7.076b 6.83
TRADE DEBTORS N54.782b N44.485b 23.15
CASH AND BANK BALANCES N9.534b N9.278b 2.76
OTHER DEBIT BALANCES N178.302b N145.248b 22.76
TRADE CREDITORS N218.059b N197.041b 10.67
SHORT TERM BORROWINGS N11.651b N5.681b 105.09
OTHER CREDIT BALANCES N120.392b N86.005b 9.98
NET ASSETS N48.322b N65.012b (25.67)

Make una helep me for this forum ooooooooooo...how did their Net assets jump so much...this does not add up....abi is it true that Sanusi made these banks look worse than they were in September '09 the only plausible reason is write-backs...or dem go do public offer for Mars and Jupiter?????
Finbank is currently selling at a forward PE of 2.66x and PBV of 0.22x. I saw the results last week and waited for NSE to correct the results, if it was wrong but there was no change. I am sure that Susan Iroche is not likely to spin out wrong figures, because of the fear of Sanusi. For this kain thing, I have asked myself enough questions and it is getting too much. E be like say na this donkey and ETI I go ride enter Jerusalem, this year.
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  #294 (permalink)  
Old 5th May 2010, 03:06 PM
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Default Re: FirstInlandBank

Quote:
Originally Posted by knightofdelta View Post
Finbank is currently selling at a forward PE of 2.66x and PBV of 0.22x. I saw the results last week and waited for NSE to correct the results, if it was wrong but there was no change. I am sure that Susan Iroche is not likely to spin out wrong figures, because of the fear of Sanusi. For this kain thing, I have asked myself enough questions and it is getting too much. E be like say na this donkey and ETI I go ride enter Jerusalem, this year.
I dey with you fully on this one and there's no going back, this stock can only lose 20% to 50k and the upside is massive.
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  #295 (permalink)  
Old 5th May 2010, 03:19 PM
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Default Re: FirstInlandBank

Quote:
Originally Posted by nosa2 View Post
I dey with you fully on this one and there's no going back, this stock can only lose 20% to 50k and the upside is massive.


nosa once u enter any stock ,na parmanent bid the tin go dey be dat o, reminds me of goldlink and courtville

Last edited by motosh; 5th May 2010 at 03:21 PM.
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  #296 (permalink)  
Old 5th May 2010, 03:19 PM
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Default Re: FirstInlandBank

Quote:
Originally Posted by nosa2 View Post
I dey with you fully on this one and there's no going back, this stock can only lose 20% to 50k and the upside is massive.
you no dey fear SLS again?
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  #297 (permalink)  
Old 5th May 2010, 03:28 PM
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Default Re: FirstInlandBank

Quote:
Originally Posted by nosa2 View Post
I dey with you fully on this one and there's no going back, this stock can only lose 20% to 50k and the upside is massive.
Haba nosa2. 50% of your portfolio na goldinsure and the other 50% na courtville. You wan go above 100%? New money is being created for this venture abi?

@CKennetts. This is the tool used to track new money coming into the market.
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Old 5th May 2010, 03:39 PM
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Default Re: FirstInlandBank

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Originally Posted by pegheneji View Post
you no dey fear SLS again?
my brother the thing is trading at a forward p.e of less than 3 and the only loss can only be 10k approximately 20% this is a risk I can afford to take. Wetin you go bow for na the quantity/% of my portfolio i wan put inside (shame/fear no go let me talk am)
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Old 5th May 2010, 03:47 PM
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Default Re: FirstInlandBank

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Originally Posted by 123.rado View Post
Haba nosa2. 50% of your portfolio na goldinsure and the other 50% na courtville. You wan go above 100%? New money is being created for this venture abi?

@CKennetts. This is the tool used to track new money coming into the market.
right now the gains don change that formula o, its more 65% courtville, 35% goldlink, abeg before people call me gambler this na trading portfolio o and I still have shares that aren't being traded infact some still in paper certificate.
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Old 5th May 2010, 03:55 PM
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Default Re: FirstInlandBank

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Originally Posted by nosa2 View Post
my brother the thing is trading at a forward p.e of less than 3 and the only loss can only be 10k approximately 20% this is a risk I can afford to take. Wetin you go bow for na the quantity/% of my portfolio i wan put inside (shame/fear no go let me talk am)
if e dash the bank out nko!
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