Posts Tagged ‘results

More Bank Results

In: Banks

11 May 2011

Here are the analyses of the recently released quarterly results for Dangote Sugar, Mobil Oil, and Oando from FSDH:

Company Report - FSDH - Dangote Sugar Dec 2010 (1078).
Company Report - FSDH - Mobil Oil Plc -Q2, 2010 (476).
Company Report - FSDH - Oando - Q3 Sept 2010 Result (459)

Here is Bank PHB’s statement on the recently announced N387 billion loss for the 3rd quarter:

Here is Vetiva Securities’ analysis of the Q3 results for FCMB. The main issues are shrinking balance sheet and increased provision for loan losses which arent good.

<blockquote>In valuing FCMB, we utilized an Excess Returns Model; assuming a Cost of Equity of 17.00% and Terminal Growth Rate of 4%. A Sensitivity Analysis varying  he Discount Factor and Growth Rate scenarios gave a Fair Value range of N7.89 – N8.84.

Checking our valuation with an Adjusted Gordon Growth Model, we derive a valuation for FCMB at 1.26x December 2009F book, with a Fair Value range of N9.32 – N11.63.  An average of these valuation methodologies gives a Fair Value range of N8.60 – N10.24. It is our expectation that the stock would trade within this range under normal  arket conditions; hence, our “Overweight” rating at current market price of N7.50.</blockquote>

Meristem Securities has prepared a detailed breakdown on the bank statements of results detailing their losses. It is stunning Intercontinental – N328billion, Oceanic Bank – N286billion, Union Bank – N222billion, First Inland – N94.7billion, Spring Bank – N16billion, and Bank PHB – N387billion.

Analysis of the Zenith Bank Q3 Results and UBA’s Q2 Results by FSDH Securities .

Here is a list of companies expected to announce their results soon. Company Name Expected Result When 1 ACEN INSURANCE Full Year, Dec. 2006 Overdue 2 AIICO  INSURANCE PLC 6 months,June 2007 Overdue 3 CONOIL PLC 9 months, Sep. 2007 Overdue 4 ADSWITCH PLC 6 months, Oct. 2007 Overdue 5 CADBURY NIGERIA PLC Full Year, […]

Here is a list of the anticipated financial results: COMPANY PERIOD RESULT DATE DUE Acen Insurance Plc Full Year – Dec 2007 March 2008 Afribank Nigeria Plc 9 months– Dec. 2007 January 2008 Aiico Insuarnce Plc Full Year– Dec 2007 March 2008 Arbico Plc 9 months– Sept. 2007 November 2007 Cadbury Nigeria Plc Full Year– […]

DeapCap Half Year Result

In: News

25 Apr 2008

DEAPCAP: HALF YEAR MARCH 31 2008 DEAP CAPITAL MGT & TRUST PLC. 2ND QUATER RESULTS ENDED 31-03-08. TURNOVER              08 N755.9M                07 N220.7M PBT                             08 N496.85M              07 N87.13M TAXATION               08 (N74.5M)               07 (N11.29M) PAT                             08 N422.32M              07 N75.84M

UTC: YEAR END 2007 UTC NIGERIA PLC. 2007 AUDITED ACCOUNT. TURNOVER     07 N1.46B     06 N0.951B EI                       07 NIL           06 N101.0M PBT                   07 N40.1M    06 N54.3M TAXATION     07 (N2.6M)   06 (N1.75M) PAT                  07 N37.56M  […]


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