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Believability index shows FCMB likely to deliver -51% of Q2 PAT forecasts

First City Monument Bank Plc presented its Q2 earnings forecast for the period ended June 30th 2012 to the market today.

Proshare has reviewed the forecast against its believability index, relying on previous performances against forecast; to confirm the following:

That First City Monument Bank Plc has a -51% chance of achieving or exceeding its PAT forecast and a 138% chance of delivering on its Gross Premium projections for the period in view.



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Daily Market Updates

170412: All-Share Index inches up by +0.32%; FIRSTBANK proposes 80k dividend

Equity Market resumed uptrend after a day of negative position to erase previous day loss as bargain hunters dominated trading activities after today’s session while NSE publishes list of 24 quoted companies performing Below Listings Standard.

Nevertheless, the key benchmark indices retraced as sentiments turned green, taking supports majorly from Large CAP stocks which were particularly driven by FIRSTBANK while Small CAP stocks also contributed to the outlook recorded today due to bargain activities witnessed in Agriculture, Consumer Goods, ICT and Industrial Goods sector.

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Investors NewsBeat $ People

Access Bank Plc appoints Mr. Victor Etuokwu Executive Director

Fidelity Bank Plc appoints new Executive Directors

Nigerian Aviation Handling Company Plc appoints Mr. Ike Nwachukwu an Alternate Director

SEC Nigeria Strengthens Capacity, Employs 52 Young Professionals through Its YPP

First Bank of Nigeria Plc ‘FACTS BEHIND THE FIGURES’ presentation

SIM Capital Alliance Value Fund Changes Financial Year

Equity Review of Dangote Sugar Refinery Plc’s FY 311211 Earnings

Equity Review of Fidelity Bank Plc’s FY 311211 Earnings

Equity Review of First Bank of Nigeria Plc’s FY 311211 Earnings


Regulators / CASHLESS NIGERIA

NSE publishes List of Companies performing Below Listings Standard

The Nigerian Stock Exchange and the Nigerian Opportunity

Wanted: Laws on cashless economy
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Proshare Article: Opinion & Analysis

Why Poverty Continues To Prevail In Our World
Corporate Earnings

FIRSTBANK declares 80 kobo dividend in '11 Audited result,(SP:N9.72k)

CUTIX forecasts N26.9m PAT

GNI forecasts N136.9m PAT

FTNCOCOA forecasts N34.02m PAT

Reports

Results for the year ended 31 December 2011- First Bank of Nigeria Plc

Full Year 2011 Results Release - First Bank of Nigeria Plc

Equity Research Report: Dangote Sugar Refinery Plc-FY ended 31st December 2011 - ARM Research

Equity Research Report: Fidelity Bank Plc - FY ended 31 December, 2011 - ARM Research

Equity Research Report: First Bank Plc - FY ended 31st December, 2011- ARM Research


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