₦airaland Forum

locodemy:
I just heard that FIDELITY is doing reconstruction of shares early next year.
what do you think will happen when you hear this type of news in a bank with good numbers(fidelity)?
NUMBERS and RECONSTRUCTIONS are not brothers at all.
Better run for your life when you hear reconstructions..........

The problem u have. Is that u talk too much.
Stock investing is no child's play

currentprice:
pics of old panel beaten tipper

@currentprice, at a q3 EPS of 67k something tells me fidelity is still very cheap. Do u think
If they can make fy EPs of 90k they can pay up to 28k or 30 kobo as dividend?

BMZK:
NSE has a mind of its own. Despite the very good result, Fidelity is on full offer.

Bruv that's a shake off. A deliberate one by market maker.
Only those that don't know the value of what they bought will sell, cos even at 2 naira fidelity remains undervalued

currentprice:
sunday result

http://www.nse.com.ng/Financial_NewsDocs/20160_NESTLE_NIGERIA_PLC._FINANCIAL_STATEMENTS_OCTOBER_2017.pdf

http://www.nse.com.ng/Financial_NewsDocs/20161_NESTLE_NIGERIA_PLC._CORPORATE_ACTIONS_OCTOBER_2017.pdf

Currently not worth mor than 290 naira

ukay2:
Waooooooooooooo

Dangote flour!!!!!!!!!!!!!!!!.........BEST RESULT SO FAR........NOW BACK TO PROFIT.......KM 15 VERY SOON..

.......LET ME LOAD MORE ON MONDAY BEFORE I GO REGRET......

Yea d result is good, but I think fidelity still has the best 3rd quarter result, quarter/quarter and year/year.

currentprice:
me don't see the punishment and i don't know your reason for selling fidelity and reason for planning to sell Afripud for nestle

The oracle has spoken

bigjay01:
I have said it a few times that corporate governance premium is priceless. There lies the differential between GTB/Stanwick and others.

Pls can u guys throw more light on this corporate governance let me know if it is different from the little I know?

Manonamission:
Okay, that explains the price differential even though c.60% is too much like kilode

Accountants or financial experts in the house please help with an explanation for the different impairment values in P/L and Note 28 biko (learning and investing at the same time )

Zenith's highly undervalued
I think the market makers are responsible for always keeping it below its true value

currentprice:
yes one of the bad thing among others i learn from Agba be that and that is why he no day rush to buy stock,, is either he bought at what he think is grave robber price or he miss such stock.

Hmm this one wen oga agba de interested in Fidelity
OK na, make I hold am well well

samguru:
The Dangotes have greatly impressed me this year.

I will suggest to NSE to create dangote index to track the price movements of all the dangotes.

Dangote flour! ride on

My guy wia danflour result na?
Abi e don cast ni?

Hmm! plus last quarter/yuletide season usually good for consumer goods.
Last year dangflour doubled its sales/revenue in their last quarter

otokx:
voodoo accounting

Am also impressed with their ability to suppress their NPL from bloating
Let's hope they will be generous with FY dividend payout as has been their norm
Meanwhile, still meditating on the 9months EPS

Fidelity Bank released its Q3 2017 results earlier today.



Please find key highlights of the Q3 2017 results below:



· Net interest income of N35.66bn, Up 96.6% q/q; +88.8% y/y



· Profit before tax of N10.86bn, up +102.4% q/q; Up +205.9% y/y



· Profit after tax of N9.73bn, up +106.2% q/q; Up 207.8% y/y



9M 2017:



· Revenue of N130.09bn: up +21.9% y/y



· Profit before tax of N16.24bn: up +65.1% y/y

· Profit after tax of N14.45bn: up +65.1% y/y
The above is what my broker sent to me.
My question is what happened in this fidelity bank that led to a spike in PAT q/q to the tone of 9.73 billion just for q3 alone ?
#suprised

currentprice:
@ stockfrick hold ur fidelity tight, buy more if possible

Sir, I want to add more
Highly undervalued oh! Chai

Mpeace:
Transcorp. Will it be available on monday? I doubt.

It will be over available.
Its overvalued at current price. It shouldn't be selling for more than 80kobo now

currentprice:
fidelity Q3 not yet out but base on Q2 i have a valuation price of N2.2.. apart from their dividend goodwill. if i must buy penny bank i will go for diamond

depend on Q3,,the price may value down or up

But talking about fundamentals, currently, fidelity is healthier than diamond esp. WRT banking parameters viz CAR and even Non performing loans

currentprice:
zenith is selling at discount

@ current price, can d same be said of fidelity and if so , what effect r u envisaging on its sp in 5-6 months time?

pedrilo:
u don't know wat u r talking abt.
As a business educator, i can tell u that this young man is on the right path.
Everyone must nt be an inventor to qualify as entrepreneur!
I know a lot of wholesalers and retailers that are very successful, apple, Gucci, Zara and other world brands do not have to open shops in all nooks and cranies, they leave that space for investors like this young man, who inturn brings some kind of value addition to the products like after sales services. Bcareful how u kill a dream in ur attempt to appear as intelligent, cos u know nothing about the world of economic activities.

Walahi I love nairaland! Its one of the best things that happened to me in life.
One topic dissected from different angles with reckless abandon! Kai!

currentprice:
pple are still looking at okomu of 2012/2013 when they pay us N7 dividend with 1 to 1 bonus ,, they have the capacity then because their book was full of free cash supported their earnings

though they still declare good earnings but nt much cash backing d reason they never come closer to 2012/2013 dividend bonus declaration .

in my opinion based on current Q2 report their fair price stand at N35 i hope they improve on their numbers by Q3 and Q4 otherwise okomo may range within N50 - 80

Analysis paralysis
There r value stocks and there r growth stocks my friend
Okomu has become more like a growth stock. If you look properly, it doesn't need dividend
Declaration to shoot upwards. All it needs is performance consistency
Mind u, (1) ts no longer a penny stock and most importantly, (2) at current performance, u may not get it below 100 in one year time(take note of this)!!

currentprice:
just seeing this post

oga Tritri both have prospect of capital gain but if the need to dispose 1, i will let go ucap

if Afriprud can maintain same numbers increase as d Q2 at year end with no ^{general mkt prob}. we will be looking around N8.5 by next year

Ucap is fairly priced base on Q2,,,and if the same numbers increase maintain at year end,,,,then we will be looking around N6.5

of course good than expected numbers will increase those prices vice-versa

not everything should be free for big boy like you,, i will pm u my acct. number for charges pls pay in dollar

edited....

Afriprud had similar performance last 3years but couldn't cruise past 3.8.
No investor would want to buy it past 4 naira.
Market sentiments were similar back then
Its price movement over an extended period is too narrow

CosmicJames:
No you're not late. Instead, you are lucky enough because more lessons have being added to the group. You will only have to go through a whole lot of them. Also follow my signature because that's where all detail info for the group is being posted daily.

Your request have been approved. Welcome onboard!

Hi cosmic James pls sir I want to join your group
Pls how can I go about it sir

Pls I am interested
Kennethodiachi@gmail.com

Ogas in d house, pls I need your opinion on this. Info has it that okomu oil embarked on massive expansion last year and its already paying off this year as reflected in their results so far. Pls do you think okomu is capable of doing 40-50% by year end, from current price?

Pls what is uba interim dividend closure/qualification date?

The kind bear wen go hit these banks for September no get mate

leparj:
Loco said he is in SA, He is applyin wisdom by using another moniker to monitor everytin going on here.

Kai this NSE can send somebody into exile if one is not careful

Sometimes I am tempted to believe that those huge cross trades are fake cross trades cooked up(bought and sold) by the same person(market maker) in order to manipulate price

currentprice:
if zenith and GT maintain same result at year end both should be selling close to same price around N40 plus...the only thing that will make gt superior is it high roe

zenith at currentprice or below is good bargain compare to Gt currentprice

^{it my own opinion,,,,always check my siggy below before taken any action on what i post here}

I noticed that investors do not only look at EPS but also efficiency when comparing peers in a sector. I think that's why they will always price gtb higher than zenith
Same thing is happening to stanbic!
Gtb is about 50% efficient while zenith is about 25% efficient

fxuser:
Diamond

- similar to above on d short term

dis:
i prefer to wait on d side for the breakout

@Fxuser, do u think Fidelity would actually declare dividends
Also its chart is looking more bullish than diamond

Men this result is dope!!

stockbuego:
Can any gentleman or woman here confirm if this is authentic Skye bank account of morgan capital. account no 1771365357.
Thanks in anticipation of your timely response

Your moniker though

mendes911:
Is this sarcasm

Savage!!