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
  #1221 (permalink)  
Old 13th September 2012, 09:58 AM
Dicobody's Avatar
Rank: Senior Member
Points: 10,477, Level: 68
Points: 10,477, Level: 68 Points: 10,477, Level: 68 Points: 10,477, Level: 68
Activity: 100%
Activity: 100% Activity: 100% Activity: 100%
 
Join Date: Sep 2009
Posts: 3,061
Thanks: 3
Thanked 41 Times in 40 Posts
Groans: 1
Groaned at 2 Times in 2 Posts
Rep Power: 9
Dicobody is on a distinguished road
Default Re: UBA Plc

UBA still a buy, despite exposure to Air Nigeria – Rencap Research « NIGERIAN STOCK EXCHANGE MARKET ANALYSIS
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #1222 (permalink)  
Old 13th September 2012, 10:06 AM
Salida's Avatar
Rank: Senior Member
Points: 44,505, Level: 100
Points: 44,505, Level: 100 Points: 44,505, Level: 100 Points: 44,505, Level: 100
Activity: 99%
Activity: 99% Activity: 99% Activity: 99%
 
Join Date: Jul 2010
Posts: 18,576
Thanks: 294
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: UBA Plc

Now we know the bank to which Air Nigeria is Indebted

One of the reports on the debt used "Names withheld".
__________________
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
  #1223 (permalink)  
Old 13th September 2012, 08:29 PM
arostuff's Avatar
Rank: Senior Member
Points: 3,646, Level: 37
Points: 3,646, Level: 37 Points: 3,646, Level: 37 Points: 3,646, Level: 37
Activity: 0%
Activity: 0% Activity: 0% Activity: 0%
 
Join Date: Sep 2010
Posts: 253
Thanks: 10
Thanked 4 Times in 3 Posts
Groans: 1
Groaned at 0 Times in 0 Posts
Rep Power: 5
arostuff is on a distinguished road
Default Re: UBA Plc

Quote:
Originally Posted by Salida View Post
Now we know the bank to which Air Nigeria is Indebted

One of the reports on the debt used "Names withheld".
so na to expect another exceptional items at the end of the year, I now understands why people like like Oga wanajo believes that UBA will never run out of exceptional items
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #1224 (permalink)  
Old 15th October 2012, 12:10 PM
overload's Avatar
Rank: Senior Member
Points: 7,665, Level: 58
Points: 7,665, Level: 58 Points: 7,665, Level: 58 Points: 7,665, Level: 58
Activity: 22%
Activity: 22% Activity: 22% Activity: 22%
 
Join Date: Oct 2011
Posts: 2,276
Thanks: 74
Thanked 65 Times in 58 Posts
Groans: 1
Groaned at 5 Times in 5 Posts
Rep Power: 0
overload is on a distinguished road
Default Re: UBA Plc

Another impressive result from a Bank - N39B PAT

http://www.nse.com.ng/Financial%20Ne...030%202012.pdf
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #1225 (permalink)  
Old 15th October 2012, 01:23 PM
baotoghile's Avatar
Rank: Senior Member
Points: 8,597, Level: 62
Points: 8,597, Level: 62 Points: 8,597, Level: 62 Points: 8,597, Level: 62
Activity: 1%
Activity: 1% Activity: 1% Activity: 1%
 
Join Date: Oct 2007
Location: Lagos, Nigeria
Posts: 1,142
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: UBA Plc

q3 2012
T'over: 168.2b
Pat: 39.12b
Na: 211.24b
__________________
progressively steering your portfolios through times
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #1226 (permalink)  
Old 15th October 2012, 01:34 PM
manemi's Avatar
Rank: Senior Member
Points: 9,214, Level: 64
Points: 9,214, Level: 64 Points: 9,214, Level: 64 Points: 9,214, Level: 64
Activity: 21%
Activity: 21% Activity: 21% Activity: 21%
 
Join Date: Apr 2010
Posts: 2,508
Thanks: 64
Thanked 55 Times in 49 Posts
Groans: 1
Groaned at 3 Times in 3 Posts
Rep Power: 7
manemi is on a distinguished road
Default Re: UBA Plc

Quote:
Originally Posted by baotoghile View Post
q3 2012
T'over: 168.2b
Pat: 39.12b
Na: 211.24b
The report gave PAT for Bank (N29b) and Group (N39b) separately. Is dividend paid only from the Bank part or from the whole Group?
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #1227 (permalink)  
Old 15th October 2012, 02:03 PM
horlads's Avatar
Rank: Senior Member
Points: 10,909, Level: 69
Points: 10,909, Level: 69 Points: 10,909, Level: 69 Points: 10,909, Level: 69
Activity: 3%
Activity: 3% Activity: 3% Activity: 3%
 
Join Date: Jul 2009
Posts: 2,154
Thanks: 119
Thanked 185 Times in 147 Posts
Groans: 0
Groaned at 0 Times in 0 Posts
Rep Power: 8
horlads is on a distinguished road
Default Re: UBA Plc

Quote:
Originally Posted by manemi View Post
The report gave PAT for Bank (N29b) and Group (N39b) separately. Is dividend paid only from the Bank part or from the whole Group?
Shareholders are invested in the group. It is the group that is listed in the NSE so dividends will be paid from the group after deducting minority interests (if any)...
__________________
when an earthworm begins to crawl like a millipede, it's time to run to the king's palace...naked! - horlads

A hen that leaves her chicks unguarded should not complain when the predatory hawk comes calling - horlads
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #1228 (permalink)  
Old 15th October 2012, 02:11 PM
manemi's Avatar
Rank: Senior Member
Points: 9,214, Level: 64
Points: 9,214, Level: 64 Points: 9,214, Level: 64 Points: 9,214, Level: 64
Activity: 21%
Activity: 21% Activity: 21% Activity: 21%
 
Join Date: Apr 2010
Posts: 2,508
Thanks: 64
Thanked 55 Times in 49 Posts
Groans: 1
Groaned at 3 Times in 3 Posts
Rep Power: 7
manemi is on a distinguished road
Default Re: UBA Plc

Quote:
Originally Posted by horlads View Post
Shareholders are invested in the group. It is the group that is listed in the NSE so dividends will be paid from the group after deducting minority interests (if any)...
Which kain "minority interest" again. Na dis kain so-so grammar de make final annual results come disappoint oo!
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #1229 (permalink)  
Old 15th October 2012, 02:17 PM
goldsun's Avatar
Rank: Senior Member
Points: 5,512, Level: 47
Points: 5,512, Level: 47 Points: 5,512, Level: 47 Points: 5,512, Level: 47
Activity: 0%
Activity: 0% Activity: 0% Activity: 0%
 
Join Date: Nov 2010
Posts: 1,553
Thanks: 64
Thanked 49 Times in 44 Posts
Groans: 0
Groaned at 0 Times in 0 Posts
Rep Power: 6
goldsun is on a distinguished road
Default Re: UBA Plc

Quote:
Originally Posted by manemi View Post
Which kain "minority interest" again. Na dis kain so-so grammar de make final annual results come disappoint oo!
there may be some preferred share
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #1230 (permalink)  
Old 15th October 2012, 02:27 PM
horlads's Avatar
Rank: Senior Member
Points: 10,909, Level: 69
Points: 10,909, Level: 69 Points: 10,909, Level: 69 Points: 10,909, Level: 69
Activity: 3%
Activity: 3% Activity: 3% Activity: 3%
 
Join Date: Jul 2009
Posts: 2,154
Thanks: 119
Thanked 185 Times in 147 Posts
Groans: 0
Groaned at 0 Times in 0 Posts
Rep Power: 8
horlads is on a distinguished road
Default Re: UBA Plc

Quote:
Originally Posted by manemi View Post
Which kain "minority interest" again. Na dis kain so-so grammar de make final annual results come disappoint oo!
Minority interest is the portion of the companies they do not own 100%. For example, if they own 80% of UBA Capital, they are entitled to 80% of the profit/loss only...Accounting principles have it that if they own more than 50% of UBA Capital (which is so in this case) they will record 100% of UBA Capital's profit/loss in the Group Profit and then deduct the 20% they do not own as minority interest...

I hope this helps...
__________________
when an earthworm begins to crawl like a millipede, it's time to run to the king's palace...naked! - horlads

A hen that leaves her chicks unguarded should not complain when the predatory hawk comes calling - horlads
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #1231 (permalink)  
Old 15th October 2012, 02:49 PM
migiets's Avatar
Rank: Senior Member
Points: 16,480, Level: 82
Points: 16,480, Level: 82 Points: 16,480, Level: 82 Points: 16,480, Level: 82
Activity: 73%
Activity: 73% Activity: 73% Activity: 73%
 
Join Date: Mar 2008
Posts: 4,594
Thanks: 142
Thanked 178 Times in 161 Posts
Groans: 0
Groaned at 10 Times in 10 Posts
Rep Power: 11
migiets is on a distinguished road
Default Re: UBA Plc

Quote:
Originally Posted by horlads View Post
Shareholders are invested in the group. It is the group that is listed in the NSE so dividends will be paid from the group after deducting minority interests (if any)...
and 'Exceptional Item' (Always).
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #1232 (permalink)  
Old 15th October 2012, 03:46 PM
manemi's Avatar
Rank: Senior Member
Points: 9,214, Level: 64
Points: 9,214, Level: 64 Points: 9,214, Level: 64 Points: 9,214, Level: 64
Activity: 21%
Activity: 21% Activity: 21% Activity: 21%
 
Join Date: Apr 2010
Posts: 2,508
Thanks: 64
Thanked 55 Times in 49 Posts
Groans: 1
Groaned at 3 Times in 3 Posts
Rep Power: 7
manemi is on a distinguished road
Default Re: UBA Plc

Quote:
Originally Posted by horlads View Post
Minority interest is the portion of the companies they do not own 100%. For example, if they own 80% of UBA Capital, they are entitled to 80% of the profit/loss only...Accounting principles have it that if they own more than 50% of UBA Capital (which is so in this case) they will record 100% of UBA Capital's profit/loss in the Group Profit and then deduct the 20% they do not own as minority interest...

I hope this helps...
Sure does. Thanks.
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #1233 (permalink)  
Old 2nd November 2012, 01:19 AM
hispy99's Avatar
Forum Moderator
Rank: Senior Member
Points: 87,856, Level: 100
Points: 87,856, Level: 100 Points: 87,856, Level: 100 Points: 87,856, Level: 100
Activity: 99%
Activity: 99% Activity: 99% Activity: 99%
 
Join Date: Aug 2007
Location: Chicago
Posts: 28,201
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 Re: UBA Plc

UBA Assures Customers of Efficient Services, Articles | THISDAY LIVE
__________________
“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
  #1234 (permalink)  
Old 2nd November 2012, 11:19 AM
emmanuel ewumi's Avatar
Rank: Senior Member
Points: 16,757, Level: 82
Points: 16,757, Level: 82 Points: 16,757, Level: 82 Points: 16,757, Level: 82
Activity: 2%
Activity: 2% Activity: 2% Activity: 2%
 
Join Date: Feb 2008
Posts: 4,961
Thanks: 34
Thanked 88 Times in 73 Posts
Groans: 0
Groaned at 5 Times in 5 Posts
Rep Power: 11
emmanuel ewumi is on a distinguished road
Default Re: UBA Plc

what about the unnecessary charges.
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #1235 (permalink)  
Old 7th November 2012, 05:29 AM
hispy99's Avatar
Forum Moderator
Rank: Senior Member
Points: 87,856, Level: 100
Points: 87,856, Level: 100 Points: 87,856, Level: 100 Points: 87,856, Level: 100
Activity: 99%
Activity: 99% Activity: 99% Activity: 99%
 
Join Date: Aug 2007
Location: Chicago
Posts: 28,201
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 Re: UBA Plc

EIB, UBA Earmark €50 Million for Business Expansion, Articles | THISDAY LIVE
__________________
“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
  #1236 (permalink)  
Old 19th November 2012, 04:21 AM
hispy99's Avatar
Forum Moderator
Rank: Senior Member
Points: 87,856, Level: 100
Points: 87,856, Level: 100 Points: 87,856, Level: 100 Points: 87,856, Level: 100
Activity: 99%
Activity: 99% Activity: 99% Activity: 99%
 
Join Date: Aug 2007
Location: Chicago
Posts: 28,201
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 Re: UBA Plc

Uba migrates to monoline commercial banking structure, | BusinessDay
__________________
“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
  #1237 (permalink)  
Old 19th November 2012, 10:57 AM
Basepiy2k's Avatar
Rank: Junior Member
Points: 1,567, Level: 22
Points: 1,567, Level: 22 Points: 1,567, Level: 22 Points: 1,567, Level: 22
Activity: 0%
Activity: 0% Activity: 0% Activity: 0%
 
Join Date: May 2012
Posts: 19
Thanks: 2
Thanked 1 Time in 1 Post
Groans: 0
Groaned at 0 Times in 0 Posts
Rep Power: 0
Basepiy2k is on a distinguished road
Default Re: UBA Plc

what does divesting mean for shareholders?
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #1238 (permalink)  
Old 19th November 2012, 01:13 PM
afolabi27's Avatar
Rank: Senior Member
Points: 5,862, Level: 49
Points: 5,862, Level: 49 Points: 5,862, Level: 49 Points: 5,862, Level: 49
Activity: 0%
Activity: 0% Activity: 0% Activity: 0%
 
Join Date: Jul 2009
Location: Lagos
Posts: 666
Thanks: 76
Thanked 41 Times in 36 Posts
Groans: 0
Groaned at 0 Times in 0 Posts
Rep Power: 6
afolabi27 is on a distinguished road
Default Re: UBA Plc

Quote:
Originally Posted by Basepiy2k View Post
what does divesting mean for shareholders?
To us laymen, divesting is the selling off of your interest in a subsidiary/associate. If they sell at a profit (as expected) you could see a one time increase in dividend.

Also, if the subsidiary to be divested has been making losses, better for the continuing shareholders, as shareholder value going forward will be enhanced from the non-consolidation of a loss making venture.

But if the subsidiary to be divested from, is the cash cow and most profitable entity within the group, hmm.........may be you will sell your shares in the parent company and go buy shares in the now independent erstwhile subsidiary.(assuming it will be listed)
__________________
"Successful people ask for the criticism of others and consider its merit" Billionaire Ray Dalio
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #1239 (permalink)  
Old 19th November 2012, 01:36 PM
goldsun's Avatar
Rank: Senior Member
Points: 5,512, Level: 47
Points: 5,512, Level: 47 Points: 5,512, Level: 47 Points: 5,512, Level: 47
Activity: 0%
Activity: 0% Activity: 0% Activity: 0%
 
Join Date: Nov 2010
Posts: 1,553
Thanks: 64
Thanked 49 Times in 44 Posts
Groans: 0
Groaned at 0 Times in 0 Posts
Rep Power: 6
goldsun is on a distinguished road
Default Re: UBA Plc

what does Africa Prudential Registrars do that it can be listed seperately
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply With Quote
  #1240 (permalink)  
Old 19th November 2012, 01:45 PM
horlads's Avatar
Rank: Senior Member
Points: 10,909, Level: 69
Points: 10,909, Level: 69 Points: 10,909, Level: 69 Points: 10,909, Level: 69
Activity: 3%
Activity: 3% Activity: 3% Activity: 3%
 
Join Date: Jul 2009
Posts: 2,154
Thanks: 119
Thanked 185 Times in 147 Posts
Groans: 0
Groaned at 0 Times in 0 Posts
Rep Power: 8
horlads is on a distinguished road
Default Re: UBA Plc

Quote:
Originally Posted by afolabi27 View Post
To us laymen, divesting is the selling off of your interest in a subsidiary/associate. If they sell at a profit (as expected) you could see a one time increase in dividend.

Also, if the subsidiary to be divested has been making losses, better for the continuing shareholders, as shareholder value going forward will be enhanced from the non-consolidation of a loss making venture.

But if the subsidiary to be divested from, is the cash cow and most profitable entity within the group, hmm.........may be you will sell your shares in the parent company and go buy shares in the now independent erstwhile subsidiary.(assuming it will be listed)
*coughs* * coughs*
__________________
when an earthworm begins to crawl like a millipede, it's time to run to the king's palace...naked! - horlads

A hen that leaves her chicks unguarded should not complain when the predatory hawk comes calling - horlads
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 05:14 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