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
  #481 (permalink)  
Old 27th October 2011, 03:47 PM
SirVee's Avatar
Rank: Member
Points: 5,638, Level: 48
Points: 5,638, Level: 48 Points: 5,638, Level: 48 Points: 5,638, Level: 48
Activity: 0%
Activity: 0% Activity: 0% Activity: 0%
 
Join Date: May 2007
Location: Port Harcourt, Nigeria
Posts: 58
Thanks: 4
Thanked 12 Times in 6 Posts
Groans: 0
Groaned at 0 Times in 0 Posts
Rep Power: 8
SirVee is on a distinguished road
Default Re: FirstInlandBank

SLS is doing a good job in getting at executives who stole funds - people who were once untouchables.

Where does this recovered monies go to? Who in this forum can educate us on where this recovered monies go to?

My issue with SLS which a lot of folks have mentioned in this forum are his 'comments', they do not help the situation at all. A high profile person watches his coments on very sensitive economic issues. Destructive comments are the bane of a fledgling market like the NSE

1. Stock holders did not steal the monies that they invested (?). Shareholders were invited and courted by the corporate world to bring in their funds!
2. Shareholders are not gamblers and greedy people as they are being portrayed by his (SLS) interventions.
3. Shareholders deserve some protection. Could retail shareholders have stopped the looting in these banks?
4. Can a nation survive without the capital market?
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #482 (permalink)  
Old 27th October 2011, 05:26 PM
nosa2's Avatar
Rank: Senior Member
Points: 40,517, Level: 100
Points: 40,517, Level: 100 Points: 40,517, Level: 100 Points: 40,517, Level: 100
Activity: 13%
Activity: 13% Activity: 13% Activity: 13%
 
Join Date: Oct 2008
Location: Lagos
Posts: 6,426
Thanks: 555
Thanked 251 Times in 224 Posts
Groans: 53
Groaned at 10 Times in 10 Posts
Blog Entries: 6
Rep Power: 13
nosa2 is on a distinguished road
Send a message via Yahoo to nosa2 Send a message via Skype™ to nosa2
Default Re: FirstInlandBank

Quote:
Originally Posted by SirVee View Post
SLS is doing a good job in getting at executives who stole funds - people who were once untouchables.

Where does this recovered monies go to? Who in this forum can educate us on where this recovered monies go to?

My issue with SLS which a lot of folks have mentioned in this forum are his 'comments', they do not help the situation at all. A high profile person watches his coments on very sensitive economic issues. Destructive comments are the bane of a fledgling market like the NSE

1. Stock holders did not steal the monies that they invested (?). Shareholders were invited and courted by the corporate world to bring in their funds!
2. Shareholders are not gamblers and greedy people as they are being portrayed by his (SLS) interventions.
3. Shareholders deserve some protection. Could retail shareholders have stopped the looting in these banks?
4. Can a nation survive without the capital market?
The properties and money recovered belong to AMCON.

Here's my answer to your individual questions,

1, If you read the fine print written in every advert for public offers, you're advised to consult experts for details. Now if you consult any expert, lawyer for example, one of the things they'll tell you is that your money can go "poof" up in smoke.

2, actually shareholders are probably the most greedy type of investor there is. If you no greedy go buy USA treasury bills and keep till maturity

3, Actually retail shareholders were in a position to stop the rut but they decided to look the other way, thus deserve no protection.

4, yes a nation can survive without a capital market, in fact Cuba, a country with one of the highest literacy rates in the world, doesn't have a capital market.
__________________
visit www.globalnigerian.com for my thoughts and recommendations
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #483 (permalink)  
Old 27th October 2011, 10:58 PM
eniyanman's Avatar
Rank: Senior Member
Points: 13,749, Level: 76
Points: 13,749, Level: 76 Points: 13,749, Level: 76 Points: 13,749, Level: 76
Activity: 16%
Activity: 16% Activity: 16% Activity: 16%
 
Join Date: Dec 2007
Posts: 3,148
Thanks: 158
Thanked 205 Times in 161 Posts
Groans: 0
Groaned at 4 Times in 3 Posts
Rep Power: 10
eniyanman will become famous soon enough
Default Re: FirstInlandBank

Quote:
Originally Posted by solo66 View Post
This is a further vindication of Sanusi Lamido Sanusi. He does not claim to be perfect in all his does, but has always challenged his detractors to come up with evidence of criminal intentions in his actions as CEO of FBN or any other capacity where he had served. So far, nobody is able to do that. When he started his one-man riot against the corrupt elite (including the parliamentarians), some people attributed what he did to 'Northern/Islamic Agenda' instead of facing the reality of the mess we are in, as a country.

If FBN sold stocks @ N33.00/share,under SLS, it is not a crime. What constitutes a crime is the willful misapplication of the funds so raised or telling lies when things go wrong no matter how well-intentioned such actions might have been.

We must have in mind that in capitalism, if your business goes up or down, your investments in such business goes in same direction. No sentiments!

Sanusi Lamido Sanusi, in his early days as the CBN governor, said he was not going to be the 'traditional CBN governor'. I can as well extend it to the traditional Nigerian Public Official. What, I believe, he meant by this is that most public officials are compromised in discharging their lawful duties but he was not going to toe that line.

Today, how much has this young man helped Nigerians recover from people that were perceived to be untouchable?

Remember he was in Washington when Mrs Ibru was jailed and he said he was sure that all the Ex-banking officials facing trial would be jailed if the Judiciary should be fair/just on their own side. Now, it's another 'plea bargain'.

I will advise shareholders to refrain from calling this messiah names and pray for more people like him to emerge in public offices if Nigeria must grow.

In other parts of the world, when banks/businesses fail they are allowed to go down with their owners/shareholders; that way, people are more careful/cautious in the use of other people's money. Find out how many bankruptcies just from the failure of the Savings and Loans institutions to date in U.S banking. Both depositors' and shareholders' monies were wiped out. But SLS is saying that, from our own experience, the bad guys must have to vomit their loot. There is nothing bad about that, unless one is one of the criminals.

In fact, the reason for Japan being stuck in the rut is attributed to its inability to tackle the financial criss it faced in the late '90s.

Sanusi Lamido Sanusi, CBN governor, is the man of the decade!
I doubt most people are suggesting Sanusi does no good. In fact, he started very well. However, it seems Sanusi has, in my view, a 'slight' flaw. He sees things in monochrome (either black or white). So when there is a clearly defined problem like mismangement of banks by CEOs, he can make clear-cut decisions (rid the banks of them) which is usually right. However, this perspective is not suitable for technicolor let alone 3D HD (as he is finding out with the recent forex policy, cash withdrawal, non-interest banking policies).

Regarding capitalism, I doubt Sanusi thinks of himself as a capitalist. I think he is on record to have said , "I'm a socialist".

Red and yellow and pink and green, purple and orange and blue, I can sing a rainbow... Let's hope our man can see/sing a rainbow too (especially, when it's 3D). I wish him well and hope he succeeds.
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #484 (permalink)  
Old 30th November 2011, 01:29 PM
baotoghile's Avatar
Rank: Senior Member
Points: 8,548, Level: 62
Points: 8,548, Level: 62 Points: 8,548, Level: 62 Points: 8,548, Level: 62
Activity: 5%
Activity: 5% Activity: 5% Activity: 5%
 
Join Date: Oct 2007
Location: Lagos, Nigeria
Posts: 1,139
Thanks: 19
Thanked 98 Times in 66 Posts
Groans: 0
Groaned at 2 Times in 2 Posts
Blog Entries: 1
Rep Power: 9
baotoghile is on a distinguished road
Send a message via Yahoo to baotoghile
Default Re: FirstInlandBank

Finbank’s hidden debts stall FCMB’s take-over bid
__________________
progressively steering your portfolios through times
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #485 (permalink)  
Old 15th May 2012, 06:21 AM
Salida's Avatar
Rank: Senior Member
Points: 43,831, Level: 100
Points: 43,831, Level: 100 Points: 43,831, Level: 100 Points: 43,831, Level: 100
Activity: 99%
Activity: 99% Activity: 99% Activity: 99%
 
Join Date: Jul 2010
Posts: 18,268
Thanks: 291
Thanked 249 Times in 206 Posts
Groans: 0
Groaned at 4 Times in 4 Posts
Blog Entries: 1
Rep Power: 23
Salida is on a distinguished road
Default Re: FirstInlandBank

Finbank's fraud: Nwosu associates may settle with EFCC
__________________
The cheapest stock in an overvalued market may still be overvalued
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #486 (permalink)  
Old 24th May 2012, 06:15 AM
saheewale's Avatar
Rank: Senior Member
Points: 13,034, Level: 74
Points: 13,034, Level: 74 Points: 13,034, Level: 74 Points: 13,034, Level: 74
Activity: 0%
Activity: 0% Activity: 0% Activity: 0%
 
Join Date: Jun 2007
Posts: 3,528
Thanks: 3
Thanked 13 Times in 11 Posts
Groans: 0
Groaned at 0 Times in 0 Posts
Rep Power: 11
saheewale is on a distinguished road
Default Re: FirstInlandBank

The Nation - ?We bought N18b shares of Finbank on instruction?
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #487 (permalink)  
Old 1st August 2012, 04:14 PM
olafusimichael's Avatar
Rank: Junior Member
Points: 866, Level: 15
Points: 866, Level: 15 Points: 866, Level: 15 Points: 866, Level: 15
Activity: 0%
Activity: 0% Activity: 0% Activity: 0%
 
Join Date: Aug 2012
Posts: 28
Thanks: 3
Thanked 1 Time in 1 Post
Groans: 0
Groaned at 0 Times in 0 Posts
Rep Power: 0
olafusimichael is on a distinguished road
Default Re: FirstInlandBank

Hello guys, I need your advice.

In 2008, I bought NGN47,500 (@NGN9.50 per share) worth of FirstInland bank shares via a PO. Till now I'm yet to get my shares certificate.

I know that the share price now is worth less than groundnuts, I am considering getting the share certificate and add it to my CSCS account. That way, I still get something.

Do you think it's worth the trouble? The registrars have been playing back and forth.
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #488 (permalink)  
Old 1st August 2012, 04:22 PM
migiets's Avatar
Rank: Senior Member
Points: 16,096, Level: 81
Points: 16,096, Level: 81 Points: 16,096, Level: 81 Points: 16,096, Level: 81
Activity: 81%
Activity: 81% Activity: 81% Activity: 81%
 
Join Date: Mar 2008
Posts: 4,472
Thanks: 137
Thanked 170 Times in 154 Posts
Groans: 0
Groaned at 10 Times in 10 Posts
Rep Power: 11
migiets is on a distinguished road
Default Re: FirstInlandBank

Quote:
Originally Posted by olafusimichael View Post
Hello guys, I need your advice.

In 2008, I bought NGN47,500 (@NGN9.50 per share) worth of FirstInland bank shares via a PO. Till now I'm yet to get my shares certificate.

I know that the share price now is worth less than groundnuts, I am considering getting the share certificate and add it to my CSCS account. That way, I still get something.

Do you think it's worth the trouble? The registrars have been playing back and forth.
FCMB has taken over FirstInland bank. My wife also bought. She was recently sent an FCMB share certificate by CSL Registrars in replacement of the number of FirstInland bank that she bought. I will advise you call City Securities Registrars (CSL Registrars) to find out about what happened to yours.
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #489 (permalink)  
Old 1st August 2012, 04:39 PM
olafusimichael's Avatar
Rank: Junior Member
Points: 866, Level: 15
Points: 866, Level: 15 Points: 866, Level: 15 Points: 866, Level: 15
Activity: 0%
Activity: 0% Activity: 0% Activity: 0%
 
Join Date: Aug 2012
Posts: 28
Thanks: 3
Thanked 1 Time in 1 Post
Groans: 0
Groaned at 0 Times in 0 Posts
Rep Power: 0
olafusimichael is on a distinguished road
Default Re: FirstInlandBank

Quote:
Originally Posted by migiets View Post
FCMB has taken over FirstInland bank. My wife also bought. She was recently sent an FCMB share certificate by CSL Registrars in replacement of the number of FirstInland bank that she bought. I will advise you call City Securities Registrars (CSL Registrars) to find out about what happened to yours.
Thanks Migiets. I just gave them a call, I was told the shares certificate has been send two months back and I should call back in 20mins time, will they verify if mine has been sent.
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #490 (permalink)  
Old 30th July 2013, 11:24 AM
Valuefront's Avatar
Rank: Senior Member
Points: 5,959, Level: 50
Points: 5,959, Level: 50 Points: 5,959, Level: 50 Points: 5,959, Level: 50
Activity: 8%
Activity: 8% Activity: 8% Activity: 8%
 
Join Date: Jul 2013
Posts: 2,160
Thanks: 13
Thanked 51 Times in 44 Posts
Groans: 0
Groaned at 6 Times in 6 Posts
Rep Power: 0
Valuefront is on a distinguished road
Default Re: FirstInlandBank

1H fcmb

http://www.nse.com.ng/Financial_News..._JULY_2013.pdf
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #491 (permalink)  
Old 30th July 2013, 11:26 AM
overload's Avatar
Rank: Senior Member
Points: 7,467, Level: 57
Points: 7,467, Level: 57 Points: 7,467, Level: 57 Points: 7,467, Level: 57
Activity: 21%
Activity: 21% Activity: 21% Activity: 21%
 
Join Date: Oct 2011
Posts: 2,236
Thanks: 65
Thanked 60 Times in 54 Posts
Groans: 0
Groaned at 5 Times in 5 Posts
Rep Power: 0
overload is on a distinguished road
Default Re: FirstInlandBank

Quote:
Originally Posted by Valuefront View Post
is there no thread for FCMB? why post in the First Inland thread?
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #492 (permalink)  
Old 30th November 2013, 11:22 PM
gbengus's Avatar
Rank: Senior Member
Points: 3,946, Level: 39
Points: 3,946, Level: 39 Points: 3,946, Level: 39 Points: 3,946, Level: 39
Activity: 4%
Activity: 4% Activity: 4% Activity: 4%
 
Join Date: Oct 2010
Location: England
Posts: 284
Thanks: 15
Thanked 29 Times in 27 Posts
Groans: 0
Groaned at 0 Times in 0 Posts
Rep Power: 5
gbengus is on a distinguished road
Default Re: FirstInlandBank

Hello my people,hope you are all having a good weekend.Is there a thread for FCMB? I have searched online and no luck.Any ideas?
__________________
Investment is an activity of forecasting the yield over the life of the asset.Speculation is the activity of forecasting the psychology of the market.
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #493 (permalink)  
Old 1st December 2013, 01:36 AM
hispy99's Avatar
Forum Moderator
Rank: Senior Member
Points: 86,706, Level: 100
Points: 86,706, Level: 100 Points: 86,706, Level: 100 Points: 86,706, Level: 100
Activity: 89%
Activity: 89% Activity: 89% Activity: 89%
 
Join Date: Aug 2007
Location: Chicago
Posts: 27,695
Thanks: 121
Thanked 259 Times in 210 Posts
Groans: 2
Groaned at 3 Times in 3 Posts
Rep Power: 39
hispy99 is just really nicehispy99 is just really nicehispy99 is just really nicehispy99 is just really nicehispy99 is just really nice
Default Re: FirstInlandBank

Quote:
Originally Posted by gbengus View Post
Hello my people,hope you are all having a good weekend.Is there a thread for FCMB? I have searched online and no luck.Any ideas?
Fcmb

you can use the google custom search option to find threads
__________________
“The market can remain irrational longer than you can remain solvent.” - John Maynard Keynes
"The one absolute requirement of a money manager is emotional maturity. If you don’t know who you are, the stock market is an expensive place to find out." - Adam Smith
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
The Following User Says Thank You to hispy99 For This Useful Post:
gbengus (1st December 2013)
  #494 (permalink)  
Old 1st December 2013, 10:35 AM
gbengus's Avatar
Rank: Senior Member
Points: 3,946, Level: 39
Points: 3,946, Level: 39 Points: 3,946, Level: 39 Points: 3,946, Level: 39
Activity: 4%
Activity: 4% Activity: 4% Activity: 4%
 
Join Date: Oct 2010
Location: England
Posts: 284
Thanks: 15
Thanked 29 Times in 27 Posts
Groans: 0
Groaned at 0 Times in 0 Posts
Rep Power: 5
gbengus is on a distinguished road
Default Re: FirstInlandBank

Quote:
Originally Posted by hispy99 View Post
Fcmb

you can use the google custom search option to find threads
Thanks Oga Hispy99,happy sunday.
__________________
Investment is an activity of forecasting the yield over the life of the asset.Speculation is the activity of forecasting the psychology of the market.
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
Reply



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 06:29 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