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More bank results:
Access Bank - Q1 2011 Results (616).
Zenith Bank Q1 2011 Result (519)</blockquote>
Here are the analyses of the recently released quarterly results for Dangote Sugar, Mobil Oil, and Oando from FSDH:
More banks released press releases and had presentations and conference calls to announce their results for the last quarter. You can read their releases and presenations:
Diamond Bank:Diamond Bank Plc Q3 2010 Results Press Release (421)
EcoBank:EcoBank Q3 2010 Results (346)
FCMB:FCMB Q3 2010 Results Presenation (412)
First Bank:First Bank of Nigeria Q3 2010 Results - Statement of Cash Flows (331)
Oceanic Bank:Oceanic Bank - Q3 2010 Results (411)
Skye Bank:Skye Bank Q3 2010 Results - Notes (382)
Sterling Bank:Sterling Bank Q3 2010 Results - Press Release (457)
UBA:UBA Q3 2010 Results - Investor Presenation (373)
Courtesy of Afrinvest, Vetiva Capital, and FSDH, here are some analyses of the companies listed below who recently released their quarterly, half-year or annual results.VetivaResearch - Dangote Flour Mills Plc - FY09 and H110 Earnings Release Report (588)
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 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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