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PHEESAYOUR (m)
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i have like 200,000 Naira and wanted to buy 1st Bank Offer 4 subscription with the money, can somebody please tell me how much I can think of about the money in the next 7-10 years
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dollyp1cute (f)
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The question should be directed to first bank not Nairaland. Abi how can you be asking kehinde how much taye will make for you on your money  . I am sure first bank will be happy to answer you, their prospectus is a good place to start. |
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Mazeepac (m)
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If you are really serious i will advise you to go ahead First Bank is currentlyv trading N40 in the market meaning at the point of buying the public offer you are already making N7 Per share multiply by your number of unit 200,000 will give you is something.The big one is that first bank is currenly or just coming out from technical suspension which has kept them in that price for some time as soon as the suspension is lifted there is going to be remarkable increase in the price, as a matter of fact before the end of this year ,First Bank will hit 100 Naira from my own analysis.and your N200,000 will be giving you close to 200%
Talking of 7 -10 years ?
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Allcorrect (m)
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@Mazeepac
In as much as u try to advise someone to buy FBN does not mean u should mislead them. DollyP has tried to be sincere with the response. Even Ajekigbe cannot say the price of FBN will hit N70. If u say say N60 understandale or do u think those figures are just manufactured. U need to check the EPS and the PE ratio and all these depends on how the company is performing.
So for Pheesayour go ahead since u wouldnt need the moni for 7 - 10 years.it is a good buy going by the fundamentals in the prospectus.
Have a nice time sowing
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otokx (m)
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It depends on if yours is a long term investment or if you will sell later.
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