Abbey Building Society

[solainvest]

Did this company do a PP?

Abbey Building Society to list 4billion shares

The Punch: Abbey Building Society to list 4billion shares

[polosco]

what they did may have been a private injection of funds by a private coy but they are promising to come to the market soon with an IPO which we may just partake from on a low qty basis due to oversubscriptions

[fredski]

Originally Posted by solainvest

Did this company do a PP?

Abbey Building Society to list 4billion shares

The Punch: Abbey Building Society to list 4billion shares

Abbey did a private placement in sometime in Q4 last year increasing it's share holder base from 17 to 305. Abbey have indicated full listing by the end of Q2 2008.

Will post the moment I recieve further details.

[hispy99]

Africinvest Injects 2.5m Euro into Abbey Ahead of Listing | Financialnigeria.com

[BLUEMONEY]

Just heard that this company was Approved by the NSE Quotation committee to list about 4 billion ordinary shares at 3.50 kobo each.

[hispy99]

http://www.proshareng.com/news/singleNews.php?id=5089

[hispy99]

http:///www.yorkshiregardentimbers.c...ws.php?id=1762

[hispy99]

4.2billion Shares Were Listed By Way Of Introduction In Favour Of Abbey Building Society Plc On The Floor Of The
Nigerian Stock Exchange At N3.50 Today.

[hispy99]

Abbey Building Lists on NSE | Nigerian Bulletin!

[hispy99]

Originally Posted by hispy99

Abbey building lists 4.2 billion shares
By Udeme Ekwere
Published: Wednesday, 22 Oct 2008

The Nigerian Stock Exchange on Tuesday, admitted the shares of Abbey Building Society Plc into the daily official list, with the listing of the company’s 4.2 billion shares.

“We intend to grow our asset base in excess of N100bn in the next four years, improve the company’s rating to an international standard, reinforce our partnership with the international financial community and increase our branch network.”

She added that the company was optimistic that its shares would not be affected by the current downward trend of the market, adding that the shares would continue to record increases.

They should have listed the shares on the GSE (Ghana Stock Exchange), not NSE

[Holden Theobald]

Has any one else apart from me had trouble lately obtaining Replacement cards from the Abbey.....



jobs in Mumbai

[billions]

ABBEY BUILDING SOCIETY PLC
INTERIM FINANCIAL REPORT FOR THE HALF YEAR ENDED APRIL 30 2009
2009 2008 %CHANGE
GROSS EARNINGS N736.317m N422.523m 74
PROFIT BEFORE TAXATION N350.879m N88.615m 296
TAXATION (63.153m) NIL
PROFIT AFTER TAXATION N287.726m N88.615m 225
FIXED ASSETS N478.633m N444.416m 8
STOCK N61.973m N96.026m 35
CASH AND BANK BALANCES N3.006b N2.182b 38
OTHER DEBIT BALANCES N5.703b N3.031b 88
OTHER CREDIT BALANCES N3.667b N4.291b 15
WORKING CAPITAL N4.693b N783.103m 499
NET ASSETS N5.583b N1.463b 282

[nosa2]

I have a P.E of about 19

[zainabusman]

ABBEY BUILDING SOCIETY PLC
AUDITED FINANCIAL STATEMENT FOR THE YEAR ENDED 31-10-2008
2008 2007 %CHANGE
GROSS EARNINGS N1.164b N630.009m 84.90
PROFIT BEFORE TAXATION N229.929m N144.888m 58.69
TAXATION (N40.469m) (N33.596m) (20.46)
PROFIT AFTER TAXATION N189.460m N111.292m 70.24
RETAINED EARNINGS N142.095m N83.469m 70.24
BALANCE SHEET INFORMATION
FIXED ASSETS N440.873m N433.605m 1.68
STOCK N61.973m N178.537m (65.29)
CASH AND BANK BALANCES N5.136b N2.685b 91.25
OTHER DEBIT BALANCES N9.772b N5.113b 91.12
SHORT TERM BORROWINGS N999,000 N629,000 58.82
OTHER CREDIT BALANCES N4.917b N4.101b 19.90
WORKING CAPITAL N4.503b N687.740m 554.85
NET ASSETS N5.295b N1.445b 266.40
PROPOSED DIVIDEND 3 KOBO AGM JULY 16TH 2009 CLOSURE
OF REGISTER JULY 7TH TO 13TH 2009 PAYMENT DATE JULY
20TH 2009 AGM VENUE LAGOON RESTAURANT OZUMBA MBADIWE
STREET VICTORIA ISLAND LAGOS AT 11A.M

[hispy99]

Originally Posted by zainabusman

ABBEY BUILDING SOCIETY PLC
AUDITED FINANCIAL STATEMENT FOR THE YEAR ENDED 31-10-2008
2008 2007 %CHANGE
GROSS EARNINGS N1.164b N630.009m 84.90
PROFIT BEFORE TAXATION N229.929m N144.888m 58.69
TAXATION (N40.469m) (N33.596m) (20.46)
PROFIT AFTER TAXATION N189.460m N111.292m 70.24

What happened in the second half of the year?

INTERIM FINANCIAL REPORT FOR THE HALF YEAR ENDED APRIL 30 2009
2009 2008 %CHANGE
GROSS EARNINGS N736.317m N422.523m 74
PROFIT BEFORE TAXATION N350.879m N88.615m 296
TAXATION (63.153m) NIL
PROFIT AFTER TAXATION N287.726m N88.615m 225

[iluvstocks]

Originally Posted by hispy99

What happened in the second half of the year?

INTERIM FINANCIAL REPORT FOR THE HALF YEAR ENDED APRIL 30 2009
2009 2008 %CHANGE
GROSS EARNINGS N736.317m N422.523m 74
PROFIT BEFORE TAXATION N350.879m N88.615m 296
TAXATION (63.153m) NIL
PROFIT AFTER TAXATION N287.726m N88.615m 225

I think you are looking at 2 different financial years unless i am missing something

[hispy99]

Originally Posted by iluvstocks

I think you are looking at 2 different financial years unless i am missing something

you are correct....

[hispy99]

Abbey Building secures N1.5bn facility from Netherlands

[hispy99]

Abbey building society plc has notified the exchange of a meeting of its board of directors held on 2nd march, 2010,that a dividend of 4 kobo per share was recommended for payment subject to the approval of members at the annual general meeting

[hispy99]

31-Jan-10 Q1 N413,770 N141,719 (N42,516) N99,203
31-Jan-09 Q1 N412,113 N210,509 (N63,153) N147,356
0.40% -32.68% -32.68%