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  #2101 (permalink)  
Old 20th March 2017, 11:15 AM
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Default Re: GTBank

Quote:
Originally Posted by Waves View Post
Saw this last week and was surprised. What is happening?
Am surprised too,at GTB for that. I hope it is not connected to the Etisalat loan or Power sector loans.

Would be good if the details are made available
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  #2102 (permalink)  
Old 23rd March 2017, 09:31 AM
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Default Re: GTBank

https://www.bloomberg.com/news/artic...es-kenyan-peer

East Lags West as Nigeria's Biggest Bank Outshines Kenyan Peer


Pitting Nigeria and Kenya’s biggest banks by market value against each other shows just how much state intervention hurt Nairobi-based Equity Group Holdings Ltd., while Guaranty Trust Bank Plc in Lagos fended off a contracting economy by ..........
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  #2103 (permalink)  
Old 23rd March 2017, 10:38 AM
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Default Re: GTBank

Quote:
Originally Posted by Getthere View Post
https://www.bloomberg.com/news/artic...es-kenyan-peer

East Lags West as Nigeria's Biggest Bank Outshines Kenyan Peer


Pitting Nigeria and Kenya’s biggest banks by market value against each other shows just how much state intervention hurt Nairobi-based Equity Group Holdings Ltd., while Guaranty Trust Bank Plc in Lagos fended off a contracting economy by ..........
Don't take these kinds of analysis seriously. Strip out the 'FX Revaluation gain" of N87 billion that GT embeded in to those accounts and you get a better picture. Without this one-off paper profit, GT Bank's profit actually went down driven by loan loss provision which went up 500% and an increase in operating expenses. While that FX gain is unlikely to reoccur next year (with the way the Naira is going), the last may not have been heard of that loan loss provision.

A lot of uniformed commentaries are made by people at Bloomberg and some London based analyst. Try to be more discerning.

http://gtbank.com/images/documents/i...n.13032017.pdf
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  #2104 (permalink)  
Old 23rd March 2017, 10:39 AM
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Default Re: GTBank

Quote:
Originally Posted by Getthere View Post
Am surprised too,at GTB for that. I hope it is not connected to the Etisalat loan or Power sector loans.

Would be good if the details are made available
I understand she has served out her full term as ED/DMD and Segun is not going yet. CBN rules require her to leave.
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  #2105 (permalink)  
Old 23rd March 2017, 01:08 PM
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Default Re: GTBank

Quote:
Originally Posted by Waves View Post
Don't take these kinds of analysis seriously. Strip out the 'FX Revaluation gain" of N87 billion that GT embeded in to those accounts and you get a better picture. Without this one-off paper profit, GT Bank's profit actually went down driven by loan loss provision which went up 500% and an increase in operating expenses. While that FX gain is unlikely to reoccur next year (with the way the Naira is going), the last may not have been heard of that loan loss provision.

A lot of uniformed commentaries are made by people at Bloomberg and some London based analyst. Try to be more discerning.

http://gtbank.com/images/documents/i...n.13032017.pdf
With what the economy went through last year I am amazed as to how some people are bullish on our banks. The government is betting heavily on peace in the Niger Delta and every Nigerian should be praying this gamble works out. If the gamble pays then this is seems to be the bottom for Nigerian equities. However, while I am beginning to get bullish on Nigeria again I am still very weary of the banks. A lot of small businesses have gone under and NPLs are only going to skyrocket this year.
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  #2106 (permalink)  
Old 24th March 2017, 04:11 PM
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Default Re: GTBank

Quote:
Originally Posted by Waves View Post
Don't take these kinds of analysis seriously. Strip out the 'FX Revaluation gain" of N87 billion that GT embeded in to those accounts and you get a better picture. Without this one-off paper profit, GT Bank's profit actually went down driven by loan loss provision which went up 500% and an increase in operating expenses. While that FX gain is unlikely to reoccur next year (with the way the Naira is going), the last may not have been heard of that loan loss provision.

A lot of uniformed commentaries are made by people at Bloomberg and some London based analyst. Try to be more discerning.

http://gtbank.com/images/documents/i...n.13032017.pdf
https://www.thecable.ng/foreign-exch...ft-gtbs-profit
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  #2107 (permalink)  
Old 25th March 2017, 06:08 AM
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Default Re: GTBank

Quote:
Originally Posted by Waves View Post
Don't take these kinds of analysis seriously. Strip out the 'FX Revaluation gain" of N87 billion that GT embeded in to those accounts and you get a better picture. Without this one-off paper profit, GT Bank's profit actually went down driven by loan loss provision which went up 500% and an increase in operating expenses. While that FX gain is unlikely to reoccur next year (with the way the Naira is going), the last may not have been heard of that loan loss provision.

A lot of uniformed commentaries are made by people at Bloomberg and some London based analyst. Try to be more discerning.

http://gtbank.com/images/documents/i...n.13032017.pdf
Oga Waves,

Have you noticed the "Total comprehensive Income for the Tier 1 banks"?

UBA - 138B
Access - 103B
GTBank - 132B
Zenith - 166B

While PAT for each is stated as

UBA - 72B
Access - 71B
GTBank - 132B
Zenith - 130B

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  #2108 (permalink)  
Old 25th March 2017, 12:56 PM
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Default Re: GTBank

Quote:
Originally Posted by aysok1 View Post
Oga Waves,

Have you noticed the "Total comprehensive Income for the Tier 1 banks"?

UBA - 138B
Access - 103B
GTBank - 132B
Zenith - 166B

While PAT for each is stated as

UBA - 72B
Access - 71B
GTBank - 132B
Zenith - 130B

Yes. I have. And that shows the intricacies of comparing bank results. For instance, while GT reported its "FX gain' before PAT (actually, the tax rate suggests, their auditors did not consider the FX gain in calculating their tax), UBA reported their PAT before adding their FX again. This might not matter if that is how the have been doing it and you want to analyze the same bank YOY but it becomes ridiculous if you try to compare UBA with GT Bank without reducing them to a common denominator
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  #2109 (permalink)  
Old 27th March 2017, 02:50 PM
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Default Re: GTBank

Quote:
Originally Posted by Waves View Post
Yes. I have. And that shows the intricacies of comparing bank results. For instance, while GT reported its "FX gain' before PAT (actually, the tax rate suggests, their auditors did not consider the FX gain in calculating their tax), UBA reported their PAT before adding their FX again. This might not matter if that is how the have been doing it and you want to analyze the same bank YOY but it becomes ridiculous if you try to compare UBA with GT Bank without reducing them to a common denominator
On the basis of PAT and some elementary metrics(PE etc) UBA trumps GTB o.
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  #2110 (permalink)  
Old 10th April 2017, 11:53 AM
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Default Re: GTBank

Abeg anybody don collect dividend?
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  #2111 (permalink)  
Old 11th April 2017, 06:22 AM
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Default Re: GTBank

Quote:
Originally Posted by shigidi View Post
Abeg anybody don collect dividend?
i don collect dividend same day on friday
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  #2112 (permalink)  
Old 26th April 2017, 03:23 PM
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Default Re: GTBank

http://www.nse.com.ng/Financial_News...APRIL_2017.pdf
2017Q1 EPS - N1.47

2016Q1 EPS -N0.90

Last edited by aysok1; 26th April 2017 at 03:25 PM.
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  #2113 (permalink)  
Old 26th April 2017, 03:34 PM
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Default Re: GTBank

Quote:
Originally Posted by aysok1 View Post
http://www.nse.com.ng/Financial_News...APRIL_2017.pdf
2017Q1 EPS - N1.47

2016Q1 EPS -N0.90
GTB Q1 result

Q1 PAT = 41billion, EPS = 1.47

whao whao !!!!!!
what magic is really going on in this bank, I hope this is not a bubble that would soon burst, how can they rake in so much in the midst of this recession

at this rate the price of GTBank would soon reach 40 naira

I think kingojames should just come and invest his first million here instead of mining gidigbo btwn Nosa2 and dudspace
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  #2114 (permalink)  
Old 26th April 2017, 03:49 PM
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Default Re: GTBank

Quote:
Originally Posted by arostuff View Post
GTB Q1 result

Q1 PAT = 41billion, EPS = 1.47

whao whao !!!!!!
what magic is really going on in this bank, I hope this is not a bubble that would soon burst, how can they rake in so much in the midst of this recession

at this rate the price of GTBank would soon reach 40 naira

I think kingojames should just come and invest his first million here instead of mining gidigbo btwn Nosa2 and dudspace
Are you sure this is not 'cryptoresult'?. Will that not be from 'cryptocurrency' to 'cryptoresult'?.
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  #2115 (permalink)  
Old 26th April 2017, 05:16 PM
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Default Re: GTBank

Quote:
Originally Posted by arostuff View Post
GTB Q1 result

Q1 PAT = 41billion, EPS = 1.47

whao whao !!!!!!
what magic is really going on in this bank, I hope this is not a bubble that would soon burst, how can they rake in so much in the midst of this recession

at this rate the price of GTBank would soon reach 40 naira

I think kingojames should just come and invest his first million here instead of mining gidigbo btwn Nosa2 and dudspace
Security.investment is the reason. They just pumped all their cash in treasury bills. Look at the cash flow statement.
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  #2116 (permalink)  
Old 27th April 2017, 08:00 PM
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Default Re: GTBank

This bank is so solid.

I think you are right about the Investment in TBills and Stocks. The interest Income is where they sourced most of their income. And the Impairment Charges are nothing compared to peers.

Just look at the Cash they are holding. Na wa for this bank. I wonder how Zenith will look like. while'st paying very low interest expense

Last edited by ayemco; 27th April 2017 at 08:03 PM.
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