₦airaland Forum

Mcy56:
My dear, my itchy fingers dey do me strong thing o, if I tell you wetin I buy and quickly sell back at loss (though not that much) you no go believe ...... but now na for fcmb and transcorp premise I dey erect my tent small small.
Waiting to see what Lasaco and Nem will present as result first before I'll burn my fingers again.

Hahahaha. I can understand. FCMB and Transcript not a bad one. Waiting to FCMB at 3plus naira. Meanwhile, you might want to consider Caverton. That stock will likely touch N5 in the next 3months. I suspect their first quarter will be great given all the election contracts they undertook plus more.
I will consider Transcorp soon.

Mcy56:
Lol, which other side? Side of unity or jaiz?

Hahaha. I guess it Jaiz he wants. Meanwhile, Mcy56 which stocks are you buying? I am suspecting you are codedly buying now.

Time to buy more Caverton. Tell whoever is selling to bring it on tomorrow.

All banks in Nigeria have released their result except First Bank. It is difficult to have faith in First Bank.

It is not so difficult to see that FCMB did better than Fidelity in 2018 but people benchmarking FCMB against Fidelity probably because they share close spot on the exchange.

FCMB time will come if they continue to perform.

Caverton already on the move. How far can it go?

Some stocks are looking like stew now. Loading is going to happen next week.

Chibuking81:
Caverton should be the best result so far released this week, before Finish posting going back to pick some at 2.49, what I see next was 2.58, from there full offer, hope one will still see it at #3 next week?
This stock final EPS bit many stock at #5 and #8 naira hands down, they have better EPs than, like of Dangoteflour, Eterna, UACN, etc

Mehn! They did a great job. Caverton is a now a N10 stock.
Got to keep an eye on it.

Caverton is no longer available on the floor. They should release some units for us na.

@currentprice, what is the fair value of this one?

2zona:
Blood shed @ fidelity ongoing while fcmb builds up. Anyways defection from fidelity to fcmb is allowed as our politician will always do and crosscarpet from APC to PDP and vice versa.

It is now trading at 2.06. Next week might be sub N2

tritritri:
Did u wish u had sold ?

Did it first thing this morning. Ran with tasere profit, I think about 35%. Waiting for it to bottom out.

I know Fidelity bank misinformation on their declared dividend will cause the wrong action. Now that people are aware of the true state of things, offers have swelled up while bids have dropped.

Next week, will provide a better insight on what to buy and what not to buy.

Wema bank doesn't want to release it result? I they have nothing much to offer.

kolaish:
Their EPS is 44k. They are supposed to pay from their earnings. Bad for the shareholders, probably because of their merger with Kalanbina.

They are almost paying out every profit they made. I guess there outstanding share ballooned.

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.

Chief, it is still 11kobo.

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.

Fidelity and the drama continues. Which do we believe now. Who is deleting and replacing the result?

People buying fidelity bank, do not know the real gist yet. By the time the dust settles, they will realise they buying into 11kobo dividend. Very poor yield for some one buying for dividend purposes.

Honestly, things will not change much until corporations starts getting law suits right, left and centre for their misbehaviours.

How can a company ear 79.16k and pay out 11k as dividend? It shows Fidelity bank doesn't respect it shareholders at all.

Well, anything goes in Nigeria.

Release result on time, no. This is what happens when you rush to meet deadline.

rebekah2011:
http://www.nse.com.ng/Financial_NewsDocs/25470_FIDELITY_BANK_PLC_FINANCIAL_STATEMENTS_MARCH_2019.pdf

Thank you. How can they do this?

2zona:
Bro it seems they actually replaced an earlier uploaded result. Go back to NSE website and download the current report and review page 2.

Hahahaha. We have been scammed. It might still change later. Let me prepare a lawsuit against Fidelity bank.

tritritri:
U're the one dat shd go and check again...it has been reduce to 11 k.

Pls show us the one you saw.

2zona:
Am just confused oo, lets wait and get more clarification later in the day when they release DIVIDEND INFORMATION.

Pls go and read the report. It is just on the 3 or 4th page. It is 22kobo

phemmie06:
http://www.nse.com.ng/Financial_NewsDocs/25468_FIDELITY_BANK_PLC_FINANCIAL_STATEMENTS_MARCH_2019.pdf


22k
That I said it won't surpass 10k

Fidelity tried with their declared dividend. I was expecting 15k. Let's see how the market reacts to this.

locodemy:
From the results released so far this evening,expect a bloody day tomorrow.Tomorrow is the final day for results to come in unless some companies have decided to pay penalty for late filling.Stocks like fcmb and fidelity will be the first to receive 10% decline beating on Monday if failure to release result or give notice of extension tomorrow............


We are in for another tough time.....

It has been bloody all this while. I don't think we have anything to fear again.

735i:
ETI.... No dividends. This people done kee me

Hahahaha. Relax bro. It is well.

phemmie06:
I have to stop the downloading when I saw it even BOC is 18

EPS is that of 2 to 3 naira stocks. Can't deal.

GSK report is 14.65mb . I hope it is worth it?

Chibuking81:
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.

Great one. Let me go and buy lemon to make lemonade in case I get shocked.

tritritri:
Bro sell half and hold half...My reason is ...After declaration of dividend..stock always go downward (nse style )...so if AM U ooh.i will sale ALL tomorrow morning .It happened to zenith and GTB and others.

But if ur confident dat result will push price higher..then keep it....but trust me everyone knws dis but woun't say because of blame game..

Blame me if u follow my advice ..i will take d blame ..

The blame game got me laughing. Anybody blaming someone else for his investment decision is just being emotional. Win or lose, the investor is always 100% responsible.

Let's see the surprise called NSE as it unfolds in the days ahead.

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?

Where are the results?

edwardaigb:
Why the sudden rush in fidelity? abi dem done sniff the result?

I they watch them. The more you look the less you see.