₦airaland Forum

onegentleguy:
With CUTIX I think it was marked down for a bonus of 1 for 1 and a dividend of 0.20k today.
...which extrapolates it down from Fridays close of N3.90 to N1.85 !! The reason for the N1.85 opening price u see now.

The biggest LOSERS will be those who bought @ last week's 52 weeks high of over N4.70 (current 52 week high after mark down is now @ N2.37)
While the biggest WINNERS shall be those who manage to KEY IN @ any price no more than today's opening price. It sold for 1.84 today... though less than the required 100,000 block volume band.
CUTIX is fundamentally sound. ...very healthy. Current price still screams of a great gap/MoS against its true value !!
Using a TTM EPS of 052k at a risk adjusted rate of 15%, fair value should compute at NO less than N3.40 !! ...which presents a juicy near 84% discount from today's opening price of N1.85.

Those who know and understand, know what they need to continue to do.
But due diligence should still remain ur 1st priority !!

Cheers.

onegentleguy:
Exactly !!

Moments like these are great window OPPORTUNITY to KEY INTO fundamentally sound GROWTH and VALUE coys that presents a great MoS from their intrinsic/fair values.
There can be NO better time than NOW !!

maishai:
Pls do an analysis of contenental insurance for me and best price to enter it......... After going through their report I like the fact that there are many foreign investors into it.
cc
current price
fxuser


Thanks alot n advance

DeRuggedProf:

https://www.youtube.com/watch?v=Yl_wHTXydBk&gl=NG&hl=en-GB

Revibe:
What of Gold that did 1193 - 1223 yesterday

fxuser:
FCMB

- SP below its prev wkly close . . but d week is nt over
- cud test its lowest weekly closure dis yr at 1.65 or lower
- be ye comfortable wit any outcome lol

onegentleguy:
One of the stocks I have talked about in recent times is FIDELITY BANK.
I have since said that that coy is a BUY.
It's currently the cheapest quoted banking coy amongst its peers on the NSE based on VALUATION !!
For those who still haven't seen why, I shall make an attempt to give a cursory review of their FS as at H1 2018.
A brief run down;

▪ The bank is highly leveraged. FIDELITY is about the most leveraged banking coy among its peers in the 2nd tier space. As at H1 2018, Financial laverage prints at 8.51x... up by over 25.1% from the previous H1 2017 figure of approx 6.8x.
The interpretation of this is that management had been very efficient with utilizing the banks available asset to replicate their equity.
▪ Management were also fairly efficient as the banks gross earnings to equity went up by near 9% at H12018/2017.
▪ On profitability, the bank booked a profit margin estimate of over 13.3%. ...which was about 26.5% higher than the preceding year figure of approx 10.5%
▪ RoAE and RoAA also witnessed a fine improvement. ...with the former line printing at near 6.5%, up by approx 37% from the banks H1 2017 figure of just over 4.6%.
▪ Management also performed relatively well on the banks investment line. With both P/BV and EPS showing a fine improvement from previous H1 print.
▪ Although the banks earnings line was affected by a drop in total comprehensive income, which was due largely to net loss prints on debt instruments that were made during the period under review, FIDELITY BANKS P/BV of approx 0.27 as at H1 2018 still shows an immense hidden VALUE behind the current price !!
▪ Suffice to say that the bank also did better with optimizing cost as H1 2018 print showed an improvement in OPEX margin.
▪ The banks P/E ratio is also about the lowest in the industry... given one a better weighting on an adjustable time value for money !!
▪ I was also impressed by the banks relative stability with maintaining a fine line in their EM (Equity Multiplier)

Using a TTM EPS of N1.19 on a risk-adjusted input of 20% and discounting for other loss prints as at H1 2018 (including but not limited to impact from TCI), FIDELITY should sell for NO less than N3.45 !!
...even though the banks current BVPS screams of a valuation of about N6.30 !!
However at the practically zero risk adjusted value of N3.45, the bank is showing a fine 'gap' in MoS.
...which is a juicy near 79% discount from its current market price of N1.93 !!
Make of this what u will, but FIDELITY is a BUY from our end.
...buying into any price deep will SURE make a lot of sense !!
Those who know and understand, know what they need to continue to do.

But then again, due diligence SHOULD still remain ur 1st priority.
Disclosure: I currently DO NOT own a share in FIDELITY BANK... but will be looking to do so once I can implore my personal strategy therein.
My advise: Pls kindly follow ur instinct.

Regards.

currentprice:
if you believe that zenith is undervalue, access is more more undervalued

DeRuggedProf:
FCMB MM has started what I expect...

Agbalowomeri:
T - Transcorp

F - Fidelity

F - FCMB

O - Oando

Cash - Atiku dollar

talktokenny:
Chief,you heavy here ?

currentprice:
with yok choice it look like he is doing his home work carefully. look like he knows much on banking ^{fact behind the figure}, i wouldn't say much now

not saying fidelity is a bad buy,, i asked pple to consider this stock when the Audited H1 result was released and i will continue asking pple to consider the stock until numbers are no more looking attractive

at the end i will not be surprise if fcmb final result is better than fidelity

Mpeace:
Gtb, over N1.2billion worth of shares just this morning. Brokers dey make money oh.

DeRuggedProf:
Seems some buyers here are having access to campaign funds....

DeRuggedProf:
Reminds me of Access at a point.
After the big seller (I learnt later it was coming from the MAFIA STANBIC BROKERS) were done selling, the price urgently requested for plastic surgery. All the brides turned to Ghost (cc: Fxuser).

veecovee:
besides the gear may likely switch to speed as soon as the current big seller is done.

DeRuggedProf:
Lol...

TA = FA + HOPE.
There4, HOPE = TA - FA.

currentprice:
EKUU yesterday mkt

phadriz:
Can anyone tell me what is happening to NB? it seems the stock keep losing. I can't imagine NB @ N85.5

fxuser:
Fidelity
- buyers backing up !

mendes911:
You have gat no chill at all.

That WAVG is used by KFC when preparing fried rice for the week!

DOLLARTEX:
pls house what is the significance of wavg price as seen on the itrade board?