₦airaland Forum

http://www.nse.com.ng/Financial_NewsDocs/25483_FIDELITY_BANK_PLC_CORPORATE_ACTIONS_MARCH_2019.pdf

It's official, dividend of 11 kobo

Tolktob:
please when is FCMB qualification date ?

I believed that dividend information will be posted in the NSE corporate disclosure later.

rebekah2011:
It is not. You wont see it on NSE website. Go and check it on your online portal

Post the link, but I think corporate report suppose to be more authentic?
http://www.nse.com.ng/Issuers-section/corporate-disclosures/company-results

http://www.nse.com.ng/Financial_NewsDocs/25470_FIDELITY_BANK_PLC_FINANCIAL_STATEMENTS_MARCH_2019.pdf

For now FCMB is still leading,in the improving % and dividend payment.

Chibuking81:
CCNN released worst very poor result, condolences to those in their bus
1 CCNN EPS, 44 kobo 2018, against 2017, 257 kobo , poor result
2.Sterling bank EPS, 33 kobo 2018, against 28 kobo 2017. They try.
3. Okomo oil EPS, 8.91 2018, against 2017, 9.76 kobo manageable

4. ABC EPS , 7 Kobo 2018, against 2017, 31 kobo, poor result.

kolaish:
FIDELITY's result as released in NSE's news portal:

FIDELITY BANK PLC AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2018 REVENUE/GROSS EARNINGS: DECEMBER 2018 N188.873B DECEMBER 2017* N180.244B PROFIT BEFORE TAX: DECEMBER 2018 N25.089B DECEMBER 2017* N19.213B TAXATION: DECEMBER 2018 (N2.163B) DECEMBER 2017 (N1.445B) PROFIT AFTER TAX: DECEMBER 2018 N22.926B DECEMBER 2017* N17.768B DIVIDEND PROPOSED: 22K *Restated

The drama continues.

Don't be confused it still 11 kobo in the corporate disclosure which is authentic http://www.nse.com.ng/Issuers-section/corporate-disclosures/company-results

CCNN released worst very poor result, condolences to those in their bus
1 CCNN EPS, 44 kobo 2018, against 2017, 257 kobo , poor result
2.Sterling bank EPS, 33 kobo 2018, against 28 kobo 2017. They try.
3. Okomo oil EPS, 8.91 2018, against 2017, 9.76 kobo manageable

Mcy56:
CP please what's FCMB's fair price from your bedsheet?
They had fantastic result, I just checked now....with my newbie eyes anyway.
EPS 2018 75k, 2017 43k. Over 74% increase from previous year.

Has it been that Fidelity pay 22 kobo, it will have been on full bid by now. But their bull will transfer to their twin brother FCMB.

lancee:
Bye to Fidel for now ..Remain majorly uba , fbnh , zee ..Make I go preserve my money till I see good bargain again

Tried to cal all shares bought here and there na little little loses ..Thank God no be Big one

Last year was a good year for most pple

Overtaking is allowed, FCMB will soon overtake Fidelity.
1. Fidelity 2018, 76.16 kobo against 2017, 61.35 Kobo, ( .76.16 - .61.35 = .14.81) increase of 14.81 kobo EPS, with dividend of 11 kobo
2. FCMB 2018, 75 kobo against 2017, 43 kobo, ( .75 - 43 = 32) increase of 32 kobo in EPS with dividend of 14 kobo

FCMB has better upward potential, in terms of EPS and dividend pay out.

RabbiDoracle:
These two Tier 2 banks have separated themselves from other dead ones

They have really made a mark. If you have, hold well and enjoy the dividends that come with it. 2019 will be positive year for the bank since Fixed income instruments yields are up compared to 2018. So the banks will make money from this first. At this point, banks will even frustrate you when you want to buy Tbills. So they want your money to use it and make money themselves.

While investing in NSE, always be on the look out for the events happening in developed economies. QE is being restarted in EU and soon US, EMs will boom, our currency will appreciate, and it will definitely trickle into NSE. Funds moving out will reduce greatly except there is a worldwide CONTAGION.

For now, just enjoy. Hold and let them bid the price for you.

I think with current change of Fidelity bank dividend from 22 kobo to 11 kobo, the reverse will be the case, hope it will not affect FCMB.

Fidelity bank will receive reward for poor dividend payment of 11k.

dipoolowoo:
Fidelity Bank Rakes N189bn, Offers 22 Kobo Dividend
https://businesspost.ng/2019/03/29/fidelity-bank-rakes-n189bn-offers-22-kobo-dividend/

FCMB Declares N15bn Profit, Proposes 14 kobo Dividend
https://businesspost.ng/2019/03/29/fcmb-declares-n15bn-profit-proposes-14-kobo-dividend/

Fidelity qualification date April 12, 2019.

dipoolowoo:
Fidelity Bank Rakes N189bn, Offers 22 Kobo Dividend
https://businesspost.ng/2019/03/29/fidelity-bank-rakes-n189bn-offers-22-kobo-dividend/

FCMB Declares N15bn Profit, Proposes 14 kobo Dividend
https://businesspost.ng/2019/03/29/fcmb-declares-n15bn-profit-proposes-14-kobo-dividend/

This time both bank really try for dividend. Zenith bank, UBA, UCAP still leading.

maryjames9:
You meant it is too early to sell?

Both Fidelity and FCMB, price has move up to a high price, from somewhere around 1.60/1.40 to 2.20 and 1.92, after their result their price might move up or down, but probability of moving down is high, but later in the year it will still move up.

As for me, its not too early to sell, except one didn't buy at lower price of below 2/1.70

phemmie06:
Think of Fidelity dividend think of 10k payment

That's why most at time immediately after they release result, their stock always nosedive. EPs of 70/80 , just to pay 10 kobo, very poor dividend.
Zenith 6.15 pay 2.80. (6.15 - 2.80 = 3.35 balance), Fidelity 80 kobo pay 10/15 kobo. ( .80 - .10 = 70 kobo), instead of paying 20/30 kobo, or do they use to declare fake EPS?.
Some Nigeria bank CEO and their gang group will follow back use other names borrow the money, only to come back and write it off as bad loan.

TheWatchDog:
On Thursday, 28th of March, President Muhammadu Buhari has finally signed the N30,000 minimum wages proposed by Labour into law.
President Buhari said the payment of this new minimum wage will commence in May, 2019 to mark the international Workers’ Day.
The new minimum wage bill was passed by the national assembly last week Tuesday.

That's good development. I have seen the Link.
https://www.informationng.com/2019/03/breaking-news-president-buhari-signs-new-minimum-wage-bill.html
BREAKING NEWS: President Buhari Signs New Minimum Wage Bill
by Olayemi Oladotun


On Thursday, 28th of March, President Muhammadu Buhari has finally signed the N30,000 minimum wages proposed by Labour into law.

President Buhari said the payment of this new minimum wage will commence in May, 2019 to mark the international Workers’ Day.

Why president may not receive NASS report soon ON MARCH 26, 20195:54 AMIN NEWS0 COMMENTS By Henry Umoru ABUJA—

THERE are strong indications that President Muhammadu Buhari may not receive soon, report of the decisions of Senate and House of Representatives on the approved N30,000 as the accepted minimum wage for the Nigerian workers following the prevailing economic realities of the country as against the N27,000 proposed by the Federal Government.

Vanguard gathered, yesterday, that delay in the presentation of the report to the executive by the National Assembly may not be unconnected with the fact that the Senate and the House of Representatives will need to agree on some grey areas. Senate Vanguard further gathered that it had become imperative that both chambers will have a conference to address the issue of difference in the number of clauses.

While the Senate dealt with 18 clauses, the House of Representatives addressed 19 clauses, which explains why there must be a conference. Though both chambers had differently approved N30,000 as the new minimum wage for the workers, the difference in the number of clauses would make them have a conference. Against the backdrop that the Senate and the House of Representatives, last week adjourned plenary till April 2, to enable the lawmakers attend to the budget defence process, the minimum wage report will wait till they resume plenary

Read more at: https://www.vanguardngr.com/2019/03/why-president-may-not-receive-nass-report-soon/

PharmAlfred:
People in FCMB and Fidelity, would it be wise to sell now considering that the results are not forth coming or would it be better to wait it out?

To sell I don't know, depends on you, result will be out by tomorrow towards closing of the market or after the closing of market, this is because tomorrow will be the last working day of 90 days compulsory period to release final year companies result, and any companies that fail will pay fine, (this is for final year result, but quarterly result, 30 days).
FCMB and Fidelity bank EPS will be good, but their dividend will be poor comparing, Zenith, afriprudent, UCAP, Jberger, UBA.

This poor payment of dividend most time, pushes their price down. FCMB dividend might be between 10/15 kobo likewise Fidelity bank.

For instance
1. If Zenith is at 24 and Fidelity at 2.4 kobo that means, 10 unit of Fidelity will give 1 unit of Zenith.
2. Zenith pay dividend of 2.50 + .30 = 2.80, that mean that Fidelity need to pay 28 kobo to be the same with Zenith.

But when the pay 14 kobo, that is paying half of Zenith bank dividend, from my view, it represent poor dividend payment.

DOLLARTEX:
investors are scared of the unknown,post merger result is the fever.you are on point.

Diamond bank would have posted another worst result, that's why the hurriedly merged without releasing any result. And Access release a result with great increase in their EPS which they would have not release it they didn't talk about merging ( I see their current result as been manipulated).

Since they merge, and it will take effect on April 1st, Access bank total number of outstanding share which will share their earning will increase once the Diamond bank reconstructed share is been added. Since no much earning from Diamond bank, the EPS of the new Access bank will reduce greatly.

Except as usually the report q1 2019 result without the inclusion of Diamond bank. I suspected something like that, since they shifted the kick start of the take off of the two bank to start from April 1st being the beginning of second quarter.

Meaning that q2 result will determine the direction of the new Access bank.

phemmie06:
Na negative dividend they will give which means their shareholders are owing them and they will collect dividend from them through right issue

https://www.proshareng.com/news/STOCK%20PICKS/Afrinvest-Stock-Recommendation-For-The-Week-250319/44541

TheWatchDog:
This is for February 2019 for revenue generated in the month of January 2019.

This should be for March generated in February
https://t.guardian.ng/news/faac-fg-states-lgs-share-n619-85bn-as-revenues-for-febuary/
FAAC: FG, States, LGs share N619.85bn as revenues for Febuary
By NAN
27 March 2019 | 7:06 pm

Accountant-General of the Federation, Mr Ahmed Idris

The Accountant-General of the Federation (AGF), Mr Ahmed Idris, on Wednesday said the Federal Government shared N619.85 billion, as revenue generated in February to the three tiers of government.

The amount showed an increase of about N9.49 billion from what was shared in January.

Idris, represented by the Director of Funds, Office of the AGF, Mr Mohammed Usman, said this at a news conference at the end of the monthly Federation Accounts Allocation Committee (FAAC) meeting in Abuja.

Giving a breakdown of the revenue accrued in February, Idris said that the mineral revenue increased by N23.57 billion, moving from N326.52 billion in January to N350.09 billion in February.

However, the non-mineral revenue decreased by N46.27 billion, from N170 billion in January to N124.32 billion in February.

He said that in February, the federation crude oil sales increased by 46 per cent, resulting in increased federation revenue from 425 million dollars in January to 574 million dollars in February.

“Shut in and shut down persisted while some terminals remained closed due to leaks and maintenance.

“Petroleum Profit Tax increased significantly while Companies Income Tax recorded a marginal increase.

“Revenues from value added tax, oil royalty import and excise duties decreased in February, 2019,” he said.

In summary, Idris said that the Federal Government received N223.15 billion, states got N113.18 billion and local governments received N87.26 billion.

In addition, N45.09 billion, representing 13 per cent of the mineral revenue was shared to oil producing states.

Idris assured civil servants that despite the delay in holding the FAAC meetings, their salaries would be paid before end of the month.

locodemy:
Don't have the strength to cross-check the result.Any dividend?

Where will they get the money for dividend, is it from 20 kobo?

locodemy:
Is it going to affect the money market negatively?

Remember that people have moved to invest in Treasury bills and others.

I think it will affect the treasure bill, since its yielding will be affected, then stock market will gain, because attention will be shifted to stock market.

PZ result is poor,
Stock of #10 with q3 EPS of 20kobo

According to Morgan capital
"The equities market seemed not to have woken to the supports channeled towards it by the monetary authority(MPC) and international trade scenario. However, Morgancapital research understands the influence of response and action lag which drag the impact of policy on it target objectives. Thus, in a bid to validate the position of the new expansionary monetary policy empirically, we shall provide answers to the following questions in episode. 1. What is the historical relationship between the capital market performance and monetary policy rate (MPR), and its degree of impact?, 2. will lending rate trail the cut in MPR and 3.Will the rate stimulate credit to private sector?.
To the first question, the figure below established an inverse relationship between the equities market and MPR, however weak as other factors which influence capital market performance are excluded from the analysis. This result simply means when MPR increases, market cap is likely to decrease and vice versa. Therefore, the policy cut is expected to expedite the long-awaited equities market rally, ceteri paribus."

The lending rate cut will contribute positively to Nigeria stock exchange market.

locodemy:
We have been hearing this from you for long time now.
To me it looks like monkey hunting.kindly give us other stocks pick apart from these two.

OK, I have released two, please I need your own pick, seriously am interested to see yours, we are here to help one another.
Not monkey hunting, but hidden treasure hunting

So far so good let discuss little about some stock pick. Two stocks cut my attention, and they are: Zenith bank and Jberger
1. Zenith, EPS improved from #5.53 last two years final year to #6.15 last year final, with them paying the highest dividend so far in NSE (#2.50 + .30 total #2.80), based on their unit price/ PE.
From their current price they have good upward potential.
2. Jberger, EPS improved from #3.61 last two years to #5.30 last year with dividend payment of #2, if they maintain good q1 2019, they will be among the top performing stock this year.
These stocks needed patience once invested on, market is generally dull this period, but will surely move this year when the time come.

Caution: Not a recommendation, further research needed.

TheWatchDog:
This is for February 2019 for revenue generated in the month of January 2019.

You are perfectly correct, that means FAAC has not shared that of March generated in February.

Mcy56:
I just believe the dividend will always be there to claim anytime his/her e-mandate issue is settled.....,.but maybe it's not the best to buy before markdown. Guess after markdown will be better right?

That's true, but I mean buying long before the mark down, and sell a day or two before mark down, and buy once after the mark down, which one will get more units with the same proceeds as reinvestment.