₦airaland Forum

FBNH is First Bank as a Holding Company.....So is still First Bank.....

memski:
please great people.. Hw re u guys. please, is First Bank the same thing as FBNH? or another stock. if another stock, what is the full name please?

FBNH will never do such share reconstruction but I don't trust UBA much because they seems to always give peanuts to shareholders....Dont panic on FBNH but UBA am not sure and as regard UBA you should buy as much as you can if their price eventually reach 2.5naira......I don't have any idea about Skye Bank....Anything Ecobank should be a no no to any investors......Any investment in Ecobank is a useless investment.......

lancee:
U re right sir , but someone mentioned shares reconstruction regarding thses banking stocks , the thing dey fear me cos i was a victim of oceanic /Ecobank 750k reduced to 44k ..
I beg anyone can enlightened us about the possiblities ... uba , skye ,fbnh etc
But the risk is worth taking sha
Thanks

Yem0350:
If FBNH shld pay #1 as dividend next year, it means it is 12.83 % div yield. The question is, will they b able to pay it.
One nid to invest in div paying stock with @ least 12% div yield, now dat d market is not friendly.

Market crash has nothing to do with earnings of FBNH......As for FBNH,if you read todays news very well,their head of finance said oil price will not affect their earnings and he said their dividend payment increases every year and this year won't be different....So do the math.....

Tjohn1:
BREAKING NEWS: The market has finally CRASHED!!!
KILODE?

It crashed before and after 5years,it bounced back and now that the previous events is repeating itself we should take advantage of low price stocks with strong fundamentals/dividend pay out to massively increase our holdings for long term....Previously when the market crashed,I was so angry and turned away from anything equity and when it bounced back,I couldn't make any profits from the market since I didn't buy any stock within that period....Dont dull yourself,buy cheap now and plan to sell four years later....But buy a lot!....My opinion...

They have removed it from their website....And the staff they don't want you to buy into it.....I have done it two times both 180days and 365days and its good until their branch starts suppressing my deposit.....Access Bank really need to pay off Intercontinental staff so that the corporate appearance of Access can actually look like Access bank because to me the behavior of some of their branches is still within Akingbolas structure....

femummy:
The reason the F R D has a high interest rate is because it is a special product and when you fix your money there, there will be no liquidation until maturity no matter the emergency, unlike the ordinary fixed deposit. They still do the fixed rate deposit in access, problem is their front desk officers don't market it.

2cato:
i hope their will not be a share reconstruction by UBA

Only fools will buy their useless right issue.....They should go ahead and restructure their shares but they will loose investors confidence especially local investors....

Rates from Access head office will be good but the mixture of old inter-continental bank staff has create Fixed Deposit cartel and the information is not clear.Access bank was doing FRD before which means fixed rate deposit and the rate was very high but the branch network cartel of Old Intercontinental has destroyed it.....Thats why contact center can't give you any viable information......Good work though!....

naijacutee:
At the bottom there, it says that the poster tried with Accessbank and the customer service was so poor that they gave up.

pweshex:
This stuff isn't necessary, he has been losing ryt from time and it won't end in2015

I beg to differ....Block votes will decide this election....His people are passionate about him so are many Nigerians....If he choose a good VP from another strong block....I believe they can send Mr.Otuoke packing because in as much he is in power,is block is not strong enough to deliver needed votes for him....Except the election is rigged but we shall see come 2015....

Don't be sorry at all.......ETI is currently dealing with me....I bought their dollar denominated shares in 2008 and when I read from their website they always declare dividend like 0.2cents,0.3cents,0.4cents,0.4cents,0.4cents and from my own calculation that should be 0.17cents but know the kind of 5yrs dividend that I received in my account is like 0.017cents times number of shares held.....How can you write 0.2cents and calculate it as 0.002cents?At least 2cents should be 0.02cents......These are manipulative shares and sorry to say there is no profit in investing your hard earned money into buying anything ETI.....I don't like UBA also with their cheap dividends upon all their earnings but they are far better than ETI.....I am going to sell their shares and count it as one of those things and nobody close to me will never buy anything ETI............

Elai147:
I can never forget how ETI dealt with me (3x). I hate that stock with a passion, sorry to say.

I understand your own point and i agree only that share buy back is good for some stocks without strong fundamentals.....FBN is a very principled establishment and when you buy FBN stock you should know is like you have bought fixed income securities because with price fluctuation you will still get returns.......FBN believe in what they are doing and they have shown it with their constant dividend payment......There is definitely no cause for alarm and they will never reconstruct their shares like that IBTC did.....Even with the Holdco formation my shares before Holdco are still same and thats the principle of FBN......I have lost some of my shares to Access due to reconstruction,also UBN and you must know I will never buy into those banks again......

Elai147:
@angelo, share buyback is as beneficial to the company itself as it is to the shareholders. Companies may use market downturn as an opportunity to buy back some of thier shares which will create an incentive for investors to have more confidence in them. Whether the buyback is for manipulative reasons or not, at least, making such announcement shows the company believes the stock is cheap. How does buyback affect the principle of FBN shares? Maybe they are waiting for it to get to 50 kobo before they buy as suggested by @carpenter. But I think Nigerian companies are scared of buying back their shares, even if the stocks get to 0.50

@All, those that are moping up banking stocks for long term should consider imminent share reconstruction in this sector. Some share reconstructions can be very beneficial (e.g. Stanbic) while some can be detrimental to investment portfolio (e.g ETI). This is not to scare anyone but to create awareness / reminder.

Note: I will be buying one or more banking stocks.

Only speculators will wish for a buy back of FBN share...........The reasons why bank stocks are falling are many and complicated and until those reasons ease,then the prices will rise.......Do you believe that PFA couldn't invest in Holdcos which affected few banks like FBN since most PFA will prefer to invest for long term especially in FBN shares but they have been barred by law.....The good thing is that a new law has been made which will allow PFA to invest in Holdcos like FBN from Feb. 2015,so expect the share price of FBN going up again......PFAs has a lot of money to invest.....


http://businessdayonline.com/2014/12/first-bank-sees-upside-in-stock-price-on-pfa-buying/#.VInzeYs-BAY

Also check a link about various reasons why stocks are falling........

http://www.punchng.com/business/am-business/why-the-nigerian-stock-market-is-falling/

carpenter:
I own some FBN Shares also and am not selling, am buying more when I have more cash.

I do not think buying back is the way to go, let the stock find its level considering the present circumstances. If there is ever a chance of a takeover, they can go ahead and buy back.

If I were a company that sold shares at good prices over the years and the price falls and I know it may fall lower, I won't buy back till it has gotten to a level I think it is the lowest I will like to see. Why buy a billion shares @9 naira when I can buy it @5naira or even 50kobo like the fantasies some people have been having. And if the price rises all good for them also.

Cash is always king especially for the companies.

If you find this platform worthy maybe you should come here to give us insiders information as regards T.Bills rate.........

jpphilips:
First capital but don't quote me on the insider trading part

Only traders will like FBN share buyback but majority holders of FBN shares are long term investors who seriously believe in them.....Why do you think I am buying more FBN shares than the rest....Because I believe in their stock and share buy back to them will affect principle of FBN as it can create manipulative loophole...Their stock is not doing bad but responding to market realities beyond the control of FBN and I guess the right thing to do is to weather the storm.....Share buy back does not fit their stock.....I am planning to mop up to 2 Million units and I can't try that with most stocks listed on NSE.........

Elai147:
But there are so many offers for the stock. They need not consider that if they really want to repurchase some of their shares. Investors are happy to hear an announcement of share buyback because it will add value to their holdings.

If it drop to 8naira again I will buy more....I bought 500,000units at 10naira and this week I bought 67,000units at 9naira....I believe buying between 10,9 or 8naira is a good price for long term investment in FBN shares.......When you compare to people who bought at 21naira......

feelamong:
BEEN WAITING AT N8 JUNCTION!!




disclosure; I earlier bought at N9.8

From the little that I know about FBN shares,majority of the people holding their shares won't sell them and First Registrars knows that........They even complain in one of their articles......

Elai147:
So why are they not announcing a share buy-back if they feel the stock is undervalued? Could it be that the coy itself is scared of the NSE? Perhaps, there are better things to do with funds than buying back their own shares.

I don't know why also because seems to me like the safest stock in Nigeria and the only one that I have made profits in the past and even minimized risk during the crisis time compare to UBA,UBN and some other banking stocks....

donmarshia:
What is really happening to FBN holdings? Everybody feels this stock is fundamentally undervalued, yet it keeps losing value by the day.

I need an answer!

Elai147:
Has it been up to a week since they confirmed receipt? If yes, they may have forgotten about you. You may have to give them a reminder and a phone call to the registrars would be better. Mine was done over the phone. Good luck.

Its one week today.....

A lot of people especially some of us outside the country are going through the same problem....And because of not getting my dividend,I stopped my investment in stocks until recently due to the revolution of online stockbroking.....I have been able to get my dividend from UBA covering 8yrs and African Prudential acted swiftly and everything was done via email......My issue is now First Registrars as I have submitted all documents to them through my brother in Nigeria because they asked for hard copies....They confirmed the receipt of the documents and that they will pay but I am expecting that by now my account should be credited but nothing yet....Please do you know why the delay and when they will pay my outstanding dividend?....Thesame goes for ETI Dollars denominated share....

Elai147:
Wema Registrars: after a very long period they finally replied my email but said my processed transfer form was never submitted to them by my broker and thus, they could not do anything. Africa prudential registrars and City Securities (Registrars) Limited have never replied my emails on E-dividend issues. Another one I can remember is the defunct Oceanic registrars.

As for First registrars, they frustrated me with their request for bankers confirmation. After all said and done we were still heading nowhere until God used a woman to help me. She listened to my story and immediately asked for my preferred bank for the E-dividend payment. After 2 days they credited with over N100,000 (in total) of unclaimed dividends. Meanwhile, I have been receiving some dividend warrants from them but didn't know I had unclaimed ones. First registrars could not explain why they sent some dividend warrants and held back some apart from their usual stories of wrong address (the same address where they have been sending me dividend warrants). Zenith registrars explained that they do not send dividend warrants that is more than a certain amount (about N50k or so) by post. But they never informed me of this until I asked and found out I had unclaimed dividends with them as well.

Before the stock market crash, I have sent E-dividend forms by registered post to all my registrars and not even one could register me for E-dividend payment. I did everything they requested including taking the forms to my bank for endorsement. In 2010, I repeated the process but this time I also sent emails (with e-dividend forms attached) notifying them that I had sent the hard copies of the forms to their offices by registered post. Still, nothing happened and I kept receiving dividend warrant by post. This year, I repeated the process for the third time after SEC warned registrars concerning the level of unclaimed dividends and mandated investors to embrace E-dividend payment. This time it worked and I was able to register with most registrars. There is a possibility that if not for SEC's intervention, some of us will still be having difficulty in registering.

PETERiCHY:
If GTB can go below #9:00k in 2009. then what makes you think STANBIC won't touch #10:00k again? Better forget that their abracatabra reconstruction in 2012.

Stanbic was even 4. something in 2009....

nitrogen:
Getting better, but riskier.

lol......But true........

NGN Term Deposit Rates


Term Fixed Rate
O/N 9.50
2WK 11.3
1M 12.3
2M 12.5
3M 12.7
6M 13.2
12M 13.5


Above are the rates at Rand Merchant Bank in Nigeria....Very high but just don't know much about this bank....


http://www.rmb.co.za/nigeria/rates.asp

Unibenstudent:
I am in love with two awesome girls ,and they both love me in return!nthe question is,is it realistic or possible to wed them both when the time is right,,and another thing is the both of the ladies do not know each other! Matured advice pls!

Polygamy isn't a joke at all....It will destroy you along with your family....Even if you are rich,polygamy is a problem.....My advice is don't even dare!...

Amefrica:
Hi guys, due to what's going on in our world at the moment, I think it's hightime we started loving each other. I had an encounter with racist people some weeks ago..

My flatmate (a Nigerian) and I went to the mall about some weeks ago to get our winter clothings and all, after we got all paid, we went to the bus-stand to wait for the bus - we got to the stand and met a Canadian man probably in his mid to late forties waiting for the bus too, I said "Hello, how you doing today? Nice weather, isn't it?" The man just bone face, he didn't even answer, my flatmate looked at me and we just acted like it didn't happen.

What he did next was something that irritated me. Immediately he packed his bags and went to the stand opposite us to meet a Canadian woman sitting down too, we didn't give 2 hoots until they started saying some things we couldn't hear, laughing uncontrollably and pointing fingers right at us. My mate got infuriated and wanted to confront them I calmed him down, that they were just ignorant. Few minutes later, the bus came they got on the bus, me and my mate intentionally sat next to them, lo and behold they stood up and went way back to the end of the bus. I was just shaking my head!

For real, racism has got to stop. You have different wardrobes of many colours, can't God have humans with different colours too?

Tho, I've met so many respectful, kind, nice people here. When I told my female bestfriend who is a Canadian too, she asked me to describe them, that she wants to kick their a'ss, I just told her not to worry. I really wish racism could end for good. We have to learn to live and tolerate each other, irrespective of race, religion etc..

You are at fault here.....Why do you have to say hi to strangers?.....Even if you are going to say hi to him,you need to watch out for the friendly signal.....What you experience is not racism......I wouldn't like a total stranger to greet me that way....Simple hi is welcome and not all that your.......

dandollar1:
says who? My first T.bill 2ys ago was above 13 percent for 91days.

Because interest rate has been increased to 13% is not a guarantee for high interest on TBills........There are other factors that determine increase in rates on all instruments.....But across all tenure for now interest rates will inch up slowly by 0.50% and not automatic increase.....So two years ago is not today,the indices are different now.....Yep I said so!

masterpower:
52% OF THE POPULATION OF LAGOS ARE IGBOS. ARE BOASTING WITH THE IGBOS POPULATION?

GEJ WILL 2015 GENERAL ELECTION.

Lie.........How much is the total population of Igbos in the entire Nigeria?...........

jmoore:
1- There is nothing like class attendance in NOUN.
2- Examinations are done at the exam venues with computers for 100 level-200 level courses, while 300 level and above write their exams on paper known as POP. Law courses from 100 level are pop too.
3- Assignments are done online.
4- No handouts.
5- Your success depends mostly on you, it is meant for students who can study and read on their own. No lectures, but students can organize tutorials.

So does that mean you can enroll from outside of the country?

coderXO:
Frankly if TBills go any higher than 13% we are all in trouble. It means your Naira is useless. Don't wish it.

Only a year T.Bills will yield as much as 13.5% but short term Tbills can never yield that much......I am sure Naira will regain value by Feb.. 2015.....

nitrogen:
Wow! Nice one o, make me sef come enter market o, though, I feel it hasn't really bottomed out. Expect more.

Surprisingly,after that MPC meeting everything has been in the Green zone and if it reach 14 0r 15naira,I will sell within a minute.......I think I now know very well when to get in and get out of the market.....But without the online broking service,it would have been impossible but thanks to that Oscar guy for bringing innovation to our stock market.....One important lesson separate your fixed income investment from equities...And buy only blue chip stocks so as to always get value no matter what the situation is.........It seems mutual fund will fizzle out soon....

nitrogen:
Haaa, bros, I have always been around, low key things ni jare, all is well! Hope we are seriously making money, this is the time to buy, buy and buy o, FBN, Oando, etc opportunities abound.

I am enjoying the buy so much that I have acquired about 500,000 units of FBN under 10Naira....Its my turn to beat that market......Thanks also to the online brokerage firm......

obiak4:
@angelos no b authomatic thing na it depends on many factor apart frm d weak naira,also money in circulation and other small small factors

For sure the rate of money market instrument will inch up by 0.50% and falling/increase oil prices will determine afterwards.....

obiak4:
thanks bro 4 d info does that means we should be expecting rates at double figure(s) for 91days? And i also what to throw the question open to the house
WHAT IS THE EFFECT OF INTEREST RATE @13 PERCENT ON TBILLS?OYA MAKE UNA DO JUSTICE OOO

It means the rate will increase......

Chillisauce:
yeah.

It will soon get to 16%. they have to compensate with the falling of the naira

If price of oil keep falling to early Obasanjo era,it means it will increase sharply to 15%.......