₦airaland Forum

http://www.easykobo.com/HisPcp.aspx?s=FBNH

Sorry, I didn't get your question. You referring to least price traded in the last 2 years
Anyway, the least traded price in the last 2 years is N3.00 on 30th March, 2016 (use link pasted above to check for any other stock and over any other period)

chuksmad:
i am new on this stock market. pls what is d least first bank from 2yrs till today?

ogbs2020love:
Any news?

Aside the profit warning, there is no other information in the public domain. 2015 full year result is pending hence investors cautious approach to the stock.

Just occurred to me that FBNH Q3,15 result is not audited so it might not be a true reflection of what FY'15 result will look like.

"Following the preliminary review of FBN Holdings Plc (“FBNH” “FBN Holdings” or the “Group”) Management Accounts for the year ended 31 December 2015, it is expected that earnings will be materially below that of the prior year. The reduction in earnings is as a result of the recognition of impairment charges on some specific accounts resulting from a reassessment of the loan portfolio within our commercial banking business.”

“Our asset quality concerns have further been validated with today’s profit warning. The wording says earnings will be ‘materially lower’ than FY14 but we are unsure if this implies a loss or meagre earnings for the year. On our numbers, we currently forecast a 59-64% YoY decline in PBT and PAT for FY15 to NGN38bn and NGN30bn respectively, implying RoE of 5.7% down from 17% and 12% in FY14 and 9M15, respectively. Management’s CoR guidance post 9M15 results were 3.5%; we’re at 4%. Now, whether 2015 will be a proper kitchen sinking or just the beginning of a medium term asset quality clean-up is unclear but we will be receiving guidance from management post release of FY15 results which should be published late March.”

The bolded were copied from Nairametrics and should serve as a warning to all concerned. However, I took the risk judging by the market reaction to other banks that posted results in which earnings were materially below previous year. I assume Mr market was comfortable with their prices, hence the only way they could go was up. You might not need to exit before markdown and still enjoy capital appreciation.
FCMB
N0.24k (2015) vs N1.12 (2014)

ETI
N0.56k (2015) vs N2.81 (2014)

From the above which type of material are we talking about again?


Disclaimer: If things turn out differently from anticipated........ OYO

carpenter:
Lol. I am expecting a bad result, maybe I am wrong...so prices will fall. Why buy now?

Just exploring a possibility that the market could have over-reacted to the negative news surrounding this bank. Someone once predicted the bank will sell for N2 but I want to believe the market has factored the bad result into its current price. Anyway, my eyes are wide opened.

First tranche @ N3.04, second @ N3.36/N3.37

NuttyChoky:
Bought 50k units earlier today... but you don give me morale to colombi another 100k

All die na die!

Valar morghulis!

LOL

First Monkey.......counting..........who else? (na joke o)

Finally, I summoned the courage to take final position in FBNH Something must happen between today and next week Friday. Same applies to Skye and Diamond.
Na monkey hunting remain now o. You don see person wey dey talk bad about him own pikin?

I believe the tier 1 banks will fare better in Q1 as seen in the not-too-bad results from GT,Zenith and UBA. By the time the market marries FY + Q1, FBNH fit grow my portfolio.
Audited Q3 results already gave a PAT of N50b, EPS of N1.40. Q4 impairment no fit wipe am out, abeg.

carpenter:
Stocks will always go up and down but remember some people bought that same stock at roughly 1naira just in February. So in reality we are back to the same thing...know when to get in or be lucky in getting in.

And there are those that bought at N2.28 last week wednesday............27% as at today. Please, how else does JIJO work? No be to identify stock wey sabi jump upandan?

NuttyChoky:
I doubt you can get FCMB @ 0.91 again... Looks like the boat has sailed

I would add Diamond Bank at N1.30k to your list

At that price, it's a wish. I'm assuming there might be a slight pull back in few days.

Raider76:
Me I will avoid Conoil. I got stuck there for a long time. Also avoid jumping into a stock that is going down. Wait till it shows signs of rebounding.

What are the signs?

For me, now is the time. Do your DD. You might be right though.

My stock pick: Flourmill @ N19 or less, UACN@N19 or less, Conoil @ N16.50, FCMB @N0.91, FBNH @ N3.30

Serious DD required. I could be terribly wrong.

Tigerbrand has made some people millionaires this year o. Making cool cycles while some people joked about the board/name changes instead of following the trend.

http://nse.com.ng/Financial_NewsDocs/13347_GUARANTY_TRUST_BANK_-_Q1_2016_ACCT_FINANCIAL_STATEMENTS_APRIL_2016.pdf

EPS: 90k

sirflav:
Kindly inform us of your reasons for buying is it in anticipation of Q1 result or simply based on TA because i have noticed that whenever it dips below N1 it returns back. If my arithmetics serves me correctly at current price we are looking at over 40% PA

That stock hasn't touched N1 since February even with earning season effect. The trend is not bullish but it might have bottomed at 70k.

sirflav:
Who is buying WEMA?? 6MILLION units bought at last minute. Should we be concerned?

Wema might be involved in a merger/acquisition soon if word on the street is anything to go by. The profile/status of the other party would determine if it's a win for Wema shareholders or not. So it's not a BUY recommendation at all.

PETERiCHY:
Why bother flogging a dead horse. Check out his previous posts.

By this time last year out of sympathy i once quoted him and PERSONALLY warned him against buying OANDO @N17 unless if he wants to commit suicide

But his weak mind disobeyed *ThE OcToPuS* and went ahead to sign his own death warrant.

Now out of frustration his looking for those to take along to his grave.

While some of us are patiently waiting for the same OANDO @ N1:40k junction and at the same time watching out to exchange dollar @ higher rate

I guess you know who the sore loser is here

*ThE OcToPuS*

Please show some respect to members of the forum too. Thanks.

Coolcash1:
I am back my people after suffering 3 days ban....

Go and sin no more.

Godisfaithful:
The annualized EPS can still go further high if oil price can stay $40 upward. In all, the result looks encouraging and defile all economy backwind projection for now

I agree considering the economic headwind and difficult operating environment this Q1. However, the annualized might be too optimistic when you factor in impairments that will be incorporated by the end of the year.

Intendy:
http://nse.com.ng/Financial_NewsDocs/13331_UBA_PLC_Q1_MARCH_2016_FINANCIAL_STATEMENTS_APRIL_2016.pdf

The Q1 EPS from the result above is about 46k. The EPS of N1.96 is annualized (that is FY2016).

Justcul:
@Dumex, those are strong words, i suggest you update the post (except you have proofs). my one cent.

The campaign against is person should be aborted. It is not necessary. There is no need to go dirty on one another.

http://nse.com.ng/Financial_NewsDocs/13323_FBN_HOLDINGS_BOARD_CHANGES_CORPORATE_ACTIONS_APRIL_2016.pdf

Summary: Chief Risk officer retired while a replacement would be announced in due course AND a new ED, corporate banking announced.

Health is wealth my people. Please ensure you take good care of yourselves.

leo1234:
Please is this whole process repeated if one buys additional shares to the one he had previously?

No, it is not BUT in the case of additional companies you might need to do a mail and probably a followup call so that additional stocks (with same Registrar) enjoy the facility. You can find out more info from the Registars.

fatjo:
wow wow wow. I have to travel al the way down lagos for this? Bro i am somewhere in the north o. Please are there other ways to get it done? Thanks

lafencer:
you can go to their Abuja office. Uba Area 8 branch and get it sorted

Just so that you don't embark on this journey is the reason I'm responding to your post. It is most likely the registrars don't know what your signature looks like (#signaturespecimen) except you have been filling documents that capture your signature (#transferforms) when you place your mandates (buy/sell authorization) with your broker.
It is either you get a banker's confirmation of signature addressed to the registrar concerned (make this request with your banker). The cost will probably be the transport fare for the journey proposed.

Alternatively you get your broker to process transfer forms on your behalf (the cost implication here is the wait-time).

Thereafter, you process e-dividend and make a request for all outstanding dividends with the registrar.

NOTE: These issues have been exhaustively discussed in previous pages. Kindly do some research of your own by just using a search engine. It is the least expected of anyone that has access to the internet.

ItGeek:
Today is fidelity's closure date, if i buy today, will i be entitled to dividend ?

If you bought Fidelity today, you would be entitled to dividend payment. Today is qualification date for Fidelity not closure. Closure is 18th -22nd April.

For those interested in Oando.....but why this late hour? Position should have been taken long before now when the price was below N4. You can't tell the outcome of the meeting billed for this weekend neither the market reaction to the outcome. Early entry reduces your risk, if outcome is negative and guarantees higher returns if outcome is positive.

The meeting was rumoured while Oando traded at about N3.30k. Buy the rumour, Sell the news. Just thinking aloud.

ufotty2001:
i wish people can reinvest their dividend they receive from uba today so that the price can go up... good morning everyone

Well, not sure they did that for Zenith but you took advantage of that. Good morning.

NuttyChoky:
I will not buy Zenith Bank for more than N8:00k

I am sitting here waiting for the day they will write down their oil & gas bad loans starting from AFREN that is currently in receivership.

Maybe they will be like Accessbank then

One of the primary responsibility of a receiver to a company is to settle debts owed by the company. AFREN shareholders are the ultimate losers. Creditors are given the priority before the owners of the company.

ExLaidback:
Are you saying if someone who qualified for say Zenith Bank dividend, should walk in there now, the cheque would be ready for pickup? So soon?

Otherwise is it still possible to process ediv mandate for them? Since they've already paid the bank transfers.

I sent them a mail since last week, yet no response.

If you were expecting your dividend electronically and you still haven't received it just proceed to Veritas Registrars at Ajose Adeogun street, VI for pick up. Dividend warrants above a certain amount (prolly 50k) are often not sent by post for security reasons. The registrar withdraws them and keeps at their office. Owners can come with identification to claim them.
If your expected dividend is not up to this amount, you might have to wait till it drops at your postal mail box.

Yes, warrants were available for pick up as early as after completion of AGM on payment date.

Lastly, your e-dividend application will not be processed if the registrars do not have your signature specimen submitted via transfer forms from your broker or via banker's confirmation of signature. It is immaterial whether the e-dividend was uploaded by your bank or not.

Mfunkynation:
never bought oceanic shares..... i remember i bought PHB .... mayb oceanic swallow phb

ETI acquired oceanic. If you never bought Oceanic, then Betcindy might need to pay you a visit.

betcindy:
i bought eti during their i.p.o and later last two years the stock was delisted from my portfolio,which my broker was unable to give account of it.anybody with assistance of how to go about the recovery should pls help

If you can, go to CSCS office at 2/4 Customs street. It's the same building with the NSE. Ask for your stock transaction history on ETI. It will cost you about N100 only and you would be out in minutes.

Raider76:
I never see my own oo. And I don already invite people come my house take orijin celebrate. Wetin I go do now?

Make a copy of Zenith bank's dividend declaration, attach to your CSCS statement and drop with the Orijin retailer. May God be with you.

Asmara:
What of people is diaspora that have not done BVN yet. CBN deadline is 30/06/2016. Kindly advise as i just received a mail from my broker that my e-dividend forms can not be processed without BVN.

The only way out is that you do your BVN asap. I understand it's easier said than done but you gotta do it.