UBA Plc

[Dicobody]

UBA still a buy, despite exposure to Air Nigeria – Rencap Research « NIGERIAN STOCK EXCHANGE MARKET ANALYSIS

[Salida]

Originally Posted by Dicobody

UBA still a buy, despite exposure to Air Nigeria – Rencap Research « NIGERIAN STOCK EXCHANGE MARKET ANALYSIS

Now we know the bank to which Air Nigeria is Indebted

One of the reports on the debt used "Names withheld".

[arostuff]

Originally Posted by Salida

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

[overload]

Another impressive result from a Bank - N39B PAT

http://www.nse.com.ng/Financial%20Ne...030%202012.pdf

[baotoghile]

q3 2012
T'over: 168.2b
Pat: 39.12b
Na: 211.24b

[manemi]

Originally Posted by baotoghile

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?

[horlads]

Originally Posted by manemi

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)...

[manemi]

Originally Posted by horlads

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!

[goldsun]

Originally Posted by manemi

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

[horlads]

Originally Posted by manemi

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...

[migiets]

Originally Posted by horlads

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).

[manemi]

Originally Posted by horlads

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.

[hispy99]

UBA Assures Customers of Efficient Services, Articles | THISDAY LIVE

[emmanuel ewumi]

Originally Posted by hispy99

UBA Assures Customers of Efficient Services, Articles | THISDAY LIVE

what about the unnecessary charges.

[hispy99]

EIB, UBA Earmark €50 Million for Business Expansion, Articles | THISDAY LIVE

[hispy99]

Uba migrates to monoline commercial banking structure, | BusinessDay

[Basepiy2k]

what does divesting mean for shareholders?

[afolabi27]

Originally Posted by Basepiy2k

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)

[goldsun]

Originally Posted by hispy99

Uba migrates to monoline commercial banking structure, | BusinessDay

what does Africa Prudential Registrars do that it can be listed seperately

[horlads]

Originally Posted by afolabi27

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*