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  #241 (permalink)  
Old 12th December 2011, 10:26 AM
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Default Re: IBTC Stanbic

Quote:
Originally Posted by manemi View Post
What is causing the massive price adjustment in IBTC? Lost almost 20% last week, far more than average for the sector.
Quote:
Originally Posted by bamidele97 View Post
Me I no sabi book o(as if you did not know) but what is the reason behind First Bank and IBTC shares selling at almost the same price?

Is First bank undervalued or IBTC overvalued, or they are both just selling at their fair prices?
Ogas, your prompt response will be appreciated.
Quote:
Originally Posted by knightofdelta View Post
There is an ongoing market dislocation right now.

Firstbank is selling at a price to book of 0.8x with an ROE of 15% and Stanbic is selling at a price to book of 1.9x with an ROE of 13%. On both relative and absolute basis, first bank is definitely far cheaper than Stanbic.

The price dislocation is due to market perception of "security" that is guaranteed by the South African mother of Stanbic. Meanwhile, the market has forgotten that if Stanbic fails as a bank, Nigeria will go on but if first bank fails... (I need not say more).
The above was the answer KOD gave me a long time ago when I first observed IBTC's price anomaly.
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  #242 (permalink)  
Old 6th January 2012, 09:35 AM
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Default Re: IBTC Stanbic

ATM Withdrawals now Free at Stanbic IBTC


December 22, 2011 / 1921pm


Stanbic IBTC Bank Plc announced this evening that all Automated Teller Machine (ATM) withdrawals on Stanbic IBTC Bank ATMs is now free.

This is in response to customers request to the management on the removal of the Seventy Naira Only (N70) ATM withdrawal charge.

The bank, in its public releases this evening stated that it had also increased the daily withdrawal limit to One Hundred and FiftyThousand Naira Only (N150, 000.00) in its continued effort to add value and build a long-lasting banking relationship with its customer base.

For Further Information, Kindly Contact:

Customer Care Centre.
Stanbic IBTC Bank Plc
Integrated Processing Centre,
No 1 - 4, Industrial Avenue, Ilupeju, Lagos.
0700 CALL STANBIC (0700 2255 7826242); +234 1 2709676.
Email: customercarenigeria@stanbic
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  #243 (permalink)  
Old 27th January 2012, 03:17 AM
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Default Re: IBTC Stanbic

Is this stock finally beginning to find its true value? I stayed away from it last year. Can anyone give estimates of a good price band within which to consider striking?
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  #244 (permalink)  
Old 29th January 2012, 10:47 AM
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Default Re: IBTC Stanbic

Quote:
Originally Posted by bamidele97 View Post
The above was the answer KOD gave me a long time ago when I first observed IBTC's price anomaly.
My opinion is that Stanbic IBTC as a bank is a much better institution than first bank. I also agree that First Bank cannot fail without nigeria failing also.
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  #245 (permalink)  
Old 31st January 2012, 04:24 AM
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Default Re: IBTC Stanbic

Stanbic IBTC appoints Solola as Executive Director
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  #246 (permalink)  
Old 2nd February 2012, 07:33 AM
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Default Re: IBTC Stanbic

Agusto & Co rates Stanbic IBTC Money Market Fund *AA (f)
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  #247 (permalink)  
Old 29th March 2012, 01:07 PM
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Default Re: IBTC Stanbic

Shares in Nigeria's Stanbic falls on lower profit | News by Country | Reuters

Abeg who has the whole results somewhere?
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  #248 (permalink)  
Old 29th March 2012, 01:35 PM
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Default Re: IBTC Stanbic

Quote:
Originally Posted by cashrules View Post
I have been shouting long before that this stock is seriously overvalued. It has depreciated the most out of all the banks on the NSE as at yesterday losing 13.9%, now it is losing a further 5% today alone. Over capitalization has been worrying the bank and they have been forced to increase loans last year. So far it has the highest loan growth in the banks growing at 41%. Now they are ramping up with loan to deposit jumping to 79% and the highest in the industry but the price remains overvalued given that it is selling at a PBV of 1.58 with an ROE of 8.8%. Zenith sells at a PBV of 1.02 with an ROE of 12%.
Attached Thumbnails
IBTC Stanbic-ibtc.jpg  
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Last edited by knightofdelta; 29th March 2012 at 01:39 PM.
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  #249 (permalink)  
Old 29th March 2012, 01:49 PM
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Default Re: IBTC Stanbic

Quote:
Originally Posted by knightofdelta View Post
I have been shouting long before that this stock is seriously overvalued. It has depreciated the most out of all the banks on the NSE as at yesterday losing 13.9%, now it is losing a further 5% today alone. Over capitalization has been worrying the bank and they have been forced to increase loans last year. So far it has the highest loan growth in the banks growing at 41%. Now they are ramping up with loan to deposit jumping to 79% and the highest in the industry but the price remains overvalued given that it is selling at a PBV of 1.58 with an ROE of 8.8%. Zenith sells at a PBV of 1.02 with an ROE of 12%.
I dont understand.. is it that they cannot make money from the Risk Assets being created or what?

We need to even break down their operating income to see what amount is being contributed from their investment banking business and the one from their normal banking business operations...
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  #250 (permalink)  
Old 29th March 2012, 02:09 PM
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Default Re: IBTC Stanbic

Quote:
Originally Posted by cashrules View Post
I dont understand.. is it that they cannot make money from the Risk Assets being created or what?

We need to even break down their operating income to see what amount is being contributed from their investment banking business and the one from their normal banking business operations...
The assets were most likely created towards the end of the year, which of course ended up with little effect on the full year PAT.
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  #251 (permalink)  
Old 29th March 2012, 03:20 PM
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Default Re: IBTC Stanbic

Stanbic IBTC Bank Plc rewards investors with 10k dividends in '11 Audited result.
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  #252 (permalink)  
Old 29th March 2012, 03:26 PM
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Default Re: IBTC Stanbic

Quote:
Originally Posted by cashrules View Post
I dont understand.. is it that they cannot make money from the Risk Assets being created or what?

We need to even break down their operating income to see what amount is being contributed from their investment banking business and the one from their normal banking business operations...
Quote:
Originally Posted by knightofdelta View Post
The assets were most likely created towards the end of the year, which of course ended up with little effect on the full year PAT.
Actually, they've been ramping up their risk assets since beginning of the year. They are also expanding organically even though I would have preferred them to buy one of the gbanjo banks being auctioned by CBN. The issue was that they had to take haircut on a loan instead of selling it to AMCON as they believe that they could get more via write-backs in the near future instead of selling it outright to AMCON.

KOD...the correct figure for diminution in assets was N4 billion....no mind NSE wey type rubbish and Rencap wey do copy and paste...
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  #253 (permalink)  
Old 29th March 2012, 09:15 PM
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Default Re: IBTC Stanbic

Quote:
Originally Posted by knightofdelta View Post
I have been shouting long before that this stock is seriously overvalued. It has depreciated the most out of all the banks on the NSE as at yesterday losing 13.9%, now it is losing a further 5% today alone. Over capitalization has been worrying the bank and they have been forced to increase loans last year. So far it has the highest loan growth in the banks growing at 41%. Now they are ramping up with loan to deposit jumping to 79% and the highest in the industry but the price remains overvalued given that it is selling at a PBV of 1.58 with an ROE of 8.8%. Zenith sells at a PBV of 1.02 with an ROE of 12%.
You do well Oga KOD, even with my tebeyebe and roforofo levels fundamental analysis, I knew this stock was overvalued compared to Skye for example and stayed away as my post above at the time. For these reasons you've now mentioned, I will consider striking when it finally finds its level later in the year. Thank God for SMN.
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  #254 (permalink)  
Old 4th April 2012, 03:52 PM
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Default Re: IBTC Stanbic

Nigeria: Stanbic IBTC Posts N11 Billion Profit Growth *
STANBIC IBTC Bank, a member of Standard Bank Group, has announced its
audited results for the year ended December 31, 2011, posting a profit
before tax of N11.2 billion from gross earnings of N67.4 billion.
allAfrica.com: Nigeria: Stanbic IBTC Posts N11 Billion Profit Growth
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  #255 (permalink)  
Old 17th April 2012, 11:49 AM
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Default Re: IBTC Stanbic

Nigeria: Stanbic IBTC Promises Shareholders Enhanced Returns *
Chief Executive Officer, Stanbic IBTC Bank Plc, Mrs. Sola David-Borha,
has promised shareholders of the bank enhanced return in the years
ahead and stressed that the bank is strategically primed to achieve
higher growth in the years ahead despite the tough operating
conditions.
allAfrica.com: Nigeria: Stanbic IBTC Promises Shareholders Enhanced Returns
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  #256 (permalink)  
Old 17th April 2012, 02:01 PM
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Default Re: IBTC Stanbic

Quote:
Originally Posted by Picolena66 View Post
Nigeria: Stanbic IBTC Promises Shareholders Enhanced Returns *
Chief Executive Officer, Stanbic IBTC Bank Plc, Mrs. Sola David-Borha,
has promised shareholders of the bank enhanced return in the years
ahead and stressed that the bank is strategically primed to achieve
higher growth in the years ahead despite the tough operating
conditions.
allAfrica.com: Nigeria: Stanbic IBTC Promises Shareholders Enhanced Returns
No toasting, short termers please go ahead and wield the big stick. We long termers are in crouching tiger hidden dragon mode.
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  #257 (permalink)  
Old 23rd April 2012, 02:34 PM
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Default Re: IBTC Stanbic

Rencap's take on Stanbic... in line with my thoughts.

Not good to hold.
Attached Files
File Type: pdf Stanbic_230412.pdf (300.3 KB, 21 views)
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  #258 (permalink)  
Old 23rd April 2012, 03:19 PM
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Default Re: IBTC Stanbic

RESULT ANNOUNCEMENT
STANBIC IBTC PLC
April 23th 2012

Unaudited Results (March, 2012)

Profit and Loss Information

Income 31-03-12 N14.689b 31-03-11 N12.384b
Interest Income 12 (N13.921b) 11 (N7.753b)
Interest Expense 12 (N5.663b) 11 (N1.135b)
Credit Impairment Charges 12 (N279m) 11 (N995m)
Operating Expenses 12 (N10.953b) 11 (N9.859b)
Profit before Tax 12 N3.436b 11 N1.500b
Taxation 12 (N935m) 11 (N439m)
Profit after Tax 12 N2.501b 11 N1.061b

Balance Sheet Information
Fixed Assets 31-03-12 N23.946b 31-12-11 N24.724b
Financial Investments 12 N74.872b 11 N88.877b
Trading Assets 12 N158.282b 11 N66.476b
Loans and Advances 12 N302.559b 11 N302.771b
Cash and Bank Balances 12 N41.895b 11 N30.074b
Other Debit Balances 12 N65.890b 11 N44.666b
Deposits 12 N334.390b 11 N347.405b
Short term Borrowings 12 Nil 11 Nil
Other Credit Balances 12 N247.844b 11 N125.324b
Working Capital 12 Nil 11 Nil
Net Assets 12 N85.210b 11 N81.778b

Corporate Actions
Proposed Dividend
Nil
Proposed Bonus
Qualification Date
Nil
Nil
Closure Date
Nil
AGM Date
Nil
Payment Date
Nil
AGM Venue
Nil
Notes
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  #259 (permalink)  
Old 3rd May 2012, 10:39 AM
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Default Re: IBTC Stanbic

Nigeria: Stanbic Declares N3.4 Billion Profit in First Quarter *
Stanbic IBTC Bank Plc, a member of Standard Bank Group, said its pre-
tax profit grew by 126 per cent to N3.44billion, compared to N1.50
billion recorded in the corresponding period of 2011.
allAfrica.com: Nigeria: Stanbic Declares N3.4 Billion Profit in First Quarter
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  #260 (permalink)  
Old 10th July 2012, 01:43 PM
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Default Re: IBTC Stanbic

Stanbic IBTC Bank Plc announces court ordered meeting of its shareholders - Proshare
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