omoharry:
Guys, i still have shares with Fidelity which i bought at 1.00 naira ..but right now its about 81kg . Should I sell and count my loses or I should still a bit with the hope that it will bounce back again? i just want to know if my money is in a secured bank with good fundamentals..

BullBearMkt:


Firstly, erase from your brain that "my money is in a secured bank with good fundamentals..". While you are trying to make money from the stock, everyone else is also jostling to grab your money & make sure you loose. Companies may have good fundamentals & their stock prices continue to dip down.

Everything depends on your strategy. Are you investing for long term or short/medium term. If long term, yes, you might be able to recoup your money through dividend & price growth over time. For short term, it's better you cut your lose very fast before you regret.

Personally, I will reduce my exposure on Fidelity, but as soon as it breaks below 0.79, then I sell all my holdings...

ihedioramma:
UCHE WELLCOME .

omoharry:
long term investment.

BullBearMkt:
AIRSERVICE - Green snake under green grass... gently & quietly moving up north...

-Too expensive now. Expected to pullback to value zone (2.85)

BullBearMkt:


I am not competent to talk about fundamental becos, I don't know it. Since you said you bought at 1.00, I assume you had the stock since August last (minimum) and looking for long term investment. My own long term implies minimum of 5 years. In that case, I will advise not to sell any of your Fidelity stocks. Even if the price never get to 1.00 in the next 5 yrs, with dividend you can recoup part of your money. The company have paid 16kobo last year as dividend & 18kobo 2 years ago. At worst let say a dividend of 15kobo for the next 5 years... That will be 75kobo on each share.

Let me know if you need further clarifications

currentprice:


My brother,,,if you look well even at 4.50 it still very cheap

currentprice:


My brother,,,if you look well even at 4.50 it still very cheap

chunkuli:
abeg leave this brother alone jor, must he be someone in ur past? bull bear no mind am jare

chillykelly86:
https://www.nigeriatoday.ng/2017/03/fashola-watches-as-transcorp-power-boost-national-grid-with-115mw-with-new-turbine/

Tritri:
If zenith get to 14 tomorrow.Many people would regret selling before dividend...

Tritri:
If zenith get to 14 tomorrow.Many people would regret selling before dividend...

Tritri:


If only he knew..Everyone was hoping zenith will hit 19-20 naira when dividend declared.he cant be the only one in that position.....

ihedioramma:
If you sell your Zenith bank share today at the price of #14+ you can't get dividend and if you sell below #14 you will . please let's try and tell our self's the truth . If you don't know cool down your brother/sister did and will teach .

kentoto:


People,

With the chart displayed, we might see result soon oh, cos the chart is looking good technically,

MM have accumulated enough, lets see what the next three days will bring.

Tritri:
It a 2 way choice...what if it get below 13 tomorow..?? so no regret on any decision.

BullBearMkt:

Great job sir! Do not get confused; MM do not accumulate, they provide liquidity in the market to ensure buyers are able to buy & sellers can sell as well; especially during high selling or buying pressures. They are the best Day Traders in the world!!! Big investors do accumulate.

kentoto:


Yeah, i know, our MM also bloody trade does stocks, the banks all own the MM, so whose interest do you think they will protecting.

DeRuggedProf:


Regrets most times depends on whether you are a day trader turned a swing trader or a swing trader turned an INVESTOR by the market...

My personal opinion is still this: I will still buy zenith bank until N14.55.
Zenith will make sure the share price hit N17 before venturing to do rights.
Even if Zenith move outstanding shares to 40B, they will have EPS of more than N2 by FYE17.
they have learnt enough lessons and they are not going to dazzle the money realised in front ETISALAT...
Recall that the largest fund manager in South Africa recently bought millions of zenith bank shares. These guys have better tools to deploy in analysis and insider info.
If you want to do six months, do zenith.

rebekah2011:

Zenith dividend history is not bad.
2016 - N2.02
2015 - N1.80
2014 - N1.75
2013 - N1.75
2012 - N1.60
2011 - N0.95
2010 - N0.85

omoharry:
Guys, i still have shares with Fidelity which i bought at 1.00 naira ..but right now its about 81kg . Should I sell and count my loses or I should still a bit with the hope that it will bounce back again? i just want to know if my money is in a secured bank with good fundamentals..

Manonamission:


Holdcos can actually pay from earnings of subsidiaries. The reason why FBNH and FCMB can choose to pay dividends regardless of this policy. This is not a buy recommendation for any of the two.

austinkenneth:


Please Oga Ihedi, I don't know about this. I need some education from you about this. Do you mean it is possible to buy today and not get dividend? Despite the fact that today is the closure date?

SamuelSNR:


Don't sell it now. It will end up a waste of good money, if you do. Buy more units at 0.80 or below to average down equal to its current price. You are advised to average down before a dividend is declared.

Reasons
1. Fidelity Bank's Q3 result is OK.
2. Fidelity Bank is undervalued, and from Q3 result calculation, its real worth is more than N4.
3. Fidelity Bank has been paying uninterrupted dividends for more than nine years, and this year won't be an exception. You might earn fine money especially if your units are huge.
4. There is possibility the price might hit N1 and above days after a dividend is declared for the 2016 accounting year. At this stage, you can decide whether to sell or hold. This is a speculative suggestion, please. You're advised to use your discretion to make your decision.

ihedioramma:
The Central Bank of Nigeria will
be pumping fresh dollars into the
foreign exchange market this
week. In the past two weeks, the CBN
pumped $1.2 billion into the
foreign exchange market to stem
liquidity challenges faced by
businesses and individuals
across the nation. Isaac Okorafor, the bank’s
spokesperson, confirmed the
proposed action of the CBN,
further stating that the bank is
resolute in its decision to stabilise
the naira and leave speculators with regrets. Okorafor also cautioned dealers
in foreign exchange not to engage
in any unwholesome practice that
is detrimental to smooth
operations in the market, warning
that the CBN would impose heavy sanctions on any
organization or official involved in
such act. The CBN on Thursday pumped in
fresh $170 million into the foreign
exchange market, as foreign
reserves hit 2017 high. The bank offered the sum of
$100,000,000 as wholesale
interventions, while it gave
another $70,000,000 to meet
requests for business and
personal travel allowances. The nation’s foreign reserves hit
2017 high of $30 billion on
Wednesday, the second time the
reserves is crossing the $30
billion mark since Buhari took
office in May, 2015.

BullBearMkt:


Honestly, to me it too expensive at that price. That is why my friends call me "Ijebu" (Sincere apology to people from Ijebu). It needs to pullback to my value zone, then I know it is cheap...

SamuelSNR:


Don't sell it now. It will end up a waste of good money, if you do. Buy more units at 0.80 or below to average down equal to its current price. You are advised to average down before a dividend is declared.

Reasons
1. Fidelity Bank's Q3 result is OK.
2. Fidelity Bank is undervalued, and from Q3 result calculation, its real worth is more than N4.
3. Fidelity Bank has been paying uninterrupted dividends for more than nine years, and this year won't be an exception. You might earn fine money especially if your units are huge.
4. There is possibility the price might hit N1 and above days after a dividend is declared for the 2016 accounting year. At this stage, you can decide whether to sell or hold. This is a speculative suggestion, please. You're advised to use your discretion to make your decision.

nio68:


The current reality is even more worrying , despite pumping over $1 billion the rate has remained at 450 to a dollar and refused to drop further.. imagine if they didn't pump...with the drop in oil price and Nigeria's exemption from OPEC quota likely to lifted 1000 to a dollar would not be surprising in the nearest future.

Parisfran:


Why do we keep trying to catch a falling knife? There is a position call HOLD we don't have to do anything sometimes.

I like your reasons though. If she has a set target not more than 20% in the short term, all she has to do is wait.