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fsdh’s report on Oceanic and Skye Banks

FSDH has prepared a report on both Skye and Oceanic Banks.
Both banks recently released impressive results for the quarter just ended.
Here are a few facts:

Skye Bank Review
- Gross Earnings increased by over 60% to N27.6billion
- Profit Before Tax increased 282% to N7.7billion
- Profit After Tax increased 337% to N7.6billion.
- Bank is vigorously pursuing cost cutting
- Seeking to accept additional 25% of the offer size as a result of over subscription.

Oceanic Bank Report
- Gross Earnings increased 128% to N66.7billion.
- Profit Before Tax increased 151% to N25billion.
- Profit After Tax increased to N20billion
- Improvement in cost structure

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For those not in Naija, how do you get Stock Exchange Info?

Here is an exchange on Nairaland about how one of the stock gurus, WindyWendy, who is located outside of Nigeria but a heavy and highly-informed trader gets her information:

DollyP1Cute: Wendy, for someone not on ground, how in the name of NSE do you get your info?

WindyWendy: hahaha, i’m blushing . . .  . How do I get my info? I get network na. Research, plus I also chat with my brokers a lot and just generally pique the brains of peeps I think might have info  . If all else fails, I call the company directly — by the time I blow all that my big big grammar, they’re usually quick to transfer me to someone that knows something . . .  works all the time

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