pluto09:


The market is a two way thing. One has to be prepared since nobody knows for certainly the direction the market will go.

Chief, are you saying that people are buying Fidelity now hoping that the price will move north tomorrow?

The best that might happen is that bears will retract and the likes of Diamond will be forced to level up with Fidelity.

But I have also been wrong in the past, I could also be wrong this time around. But the probability that prices will drop seems high enough for me to back off.

Make we continue dey watch.

Allianz Buys 98% Stake in Nigeria’s Ensure Insurance Plc
https://www.businesspost.ng/2017/08/30/allianz-buys-98-stake-nigerias-ensure-insurance-plc/

mendes911:


Chief, are you saying that people are buying Fidelity now hoping that the price will move north tomorrow?

The best that might happen is that bears will retract and the likes of Diamond will be forced to level up with Fidelity.

But I have also been wrong in the past, I could also be wrong this time around. But the probability that prices will drop seems high enough for me to back off.

Make we continue dey watch.

People buy stocks for different reasons. I actually sold my fidelity today at N1.37.
My point is that we should be careful in predicting the direction of the market.

Today stocks price

stcool:


My risk in Fidelity is well calculated...Watch the surprise the bank would pull with possibility of an interim dividend from audited Q2.
Getting Fidelity is a give away below N1.50 thank me later. Study their books. They are meticulous.

N/B - View expressed are personal. Invest wisely

Even without an interim, fidelity is a GOLD mine...and they are generous with dividend.

HOLD UNTO WHAT U HAVE

My fair price is N4.50...and this is just me being careful

"Sell too early and you leave money on the table. Sell too late and you’re ridiculed for your arrogance"

"I'd rather trade a ballplayer a year too early than a day too late."

Chibuking81:

Fidelity will see below 1.20 if not 1.10, in the months of September.
Remember their, 2017 EPS seems to be same with FCMB.
The only difference, is that Fidelity grow in profit to reach FCMB, while FCMB decline in profit to be same with Fidelity.

Don,t even compare Fidelity with FCMB...Fidelity year end could reach 0.70k and this is a bank that would gladly pay you 0.50k dividend from it. Abeg take another company compare Fidelity.

If Fidelity stays below N2.00 just keep accumulating year end we shall know the truth...abi no b NSE again.

stcool:


Even without an interim, fidelity is a GOLD mine...and they are generous with dividend.

HOLD UNTO WHAT U HAVE

My fair price is N4.50...and this is just me being careful

@ Chibuking81 show me audited result for FCMB ...not this unaudited Q2.

Chibuking81:

Fidelity will see below 1.20 if not 1.10, in the months of September.
Remember, their 2017 EPS seems to be same with FCMB. ( Fidelity 31, FCMB 30)
The only difference, is that Fidelity grow in profit to reach FCMB, while FCMB[b] decline in profit[/b] to be almost the same with Fidelity.

The bolded are significant bros... a failing and growing company

stcool:


Don,t even compare Fidelity with FCMB...Fidelity year end could reach 0.70k and this is a bank that would gladly pay you 0.50k dividend from it. Abeg take another company compare Fidelity.

If Fidelity stays below N2.00 just keep accumulating year end we shall know the truth...abi no b NSE again.

You are expecting 50 kobo from where, 31x2 = 62.
All things been equal Fidelity final year EPS will be around 62 kobo, will they pay all their earning to you without retaining any?.
I like the company, they are trying so far as dividend is concern, and pay better dividend than FCMB.
But it will not stop them from going down in the months of September to carry final year dividend expectant and capital appreciation passengers.

Any way am waiting for for it at my junction come this September.

Chibuking81:

So you are now comparing the two, you are expecting 50 kobo from where, 31x2 = 62, all things been equal their final year EPS will be around 62 kobo, will they pay you all their earning.
I like the company, the are trying so far as dividend concern.
But it will stop them from going down in the months of September to carry final year dividend expectant and capital appreciation passengers.

u for just tell me say u wan enter the bus cheap...

stcool:


Even without an interim, fidelity is a GOLD mine...and they are generous with dividend.

HOLD UNTO WHAT U HAVE

My fair price is N4.50...and this is just me being careful

..and what is your fair value then if you are not being careful sir ..

nio68:


..and what is your fair value then if you are not being careful sir ..

nio68:


..and what is your fair value then if you are not being careful sir ..

Price of OLD Diamond bank...N6-N7

stcool:


Price of OLD Diamond bank...N6-N7

I hope you too would not be going on vacation to South Africa soon

Mobil Falls For 4th Consecutive Day as NSE Investors Lose N185b
https://www.businesspost.ng/2017/08/30/mobil-falls-4th-consecutive-day-nse-investors-lose-n185b/

Prestige Assurance Plc Writes NSE on Share Capital Reduction
https://www.businesspost.ng/2017/08/30/prestige-assurance-plc-writes-nse-share-capital-reduction/

stcool:


Even without an interim, fidelity is a GOLD mine...and they are generous with dividend.

HOLD UNTO WHAT U HAVE

My fair price is N4.50...and this is just me being careful

N4.50 by year 2020

For years now Fidelity has never gone beyond N2, my stock, my bank, though.

Chibuking81:

Fidelity will see below 1.20 if not 1.10, in the months of September.
Remember, their 2017 EPS seems to be same with FCMB. ( Fidelity 31, FCMB 30)
The only difference, is that Fidelity grow in profit to reach FCMB, while FCMB decline in profit to be almost the same with Fidelity.

I always feel pain when i see people who should know falling for this kind of manipulation.
fcmb eps is not 30k at H1 2017. what you see here is annualised. And to know that some investment houses also fell for this thing is really a shame

nio68:



I hope you too would not be going on vacation to South Africa soon

pluto09:


I always feel pain when i see people who should know falling for this kind of manipulation.
fcmb eps is not 30k at H1 2017. what you see here is annualised. And to know that some investment houses also fell for this thing is really a shame

Many thanks.

pluto09:


I always feel pain when i see people who should know falling for this kind of manipulation.
fcmb eps is not 30k at H1 2017. what you see here is annualised. And to know that some investment houses also fell for this thing is really a shame

Please explain more, but what I saw is 2017 Q2 report not final year.

Maybe, there's something you know that I don't know.

Please help to expose any form of manipulation, am 100% in support of that, before we see another Oando and Transcorp.

Fcmb q2 profit is 3.019 billion while the outstanding share is 19.8 billion. 3.019 ➗ 19.8 = 0.15 EPS

Chibuking81:



Please explain more, but what I saw is 2017 Q2 report not final year.

Maybe, there's something you know that I don't know.

Please help to expose any form of manipulation, am 100% in support of that, before we see another Oando and Transcorp.

Chibuking81:


Please explain more, but what I saw is 2017 Q2 report not final year.

Maybe, there's something you know that I don't know.

Please help to expose any form of manipulation, am 100% in support of that, before we see another Oando and Transcorp.

We have discussed it here before
fcmb os is 19.8b
PAT is 3b.
eps is PAT/os ; 3/19.8=0.15
When you annualised, you multiply by 2 which gives us 0.3 which is exactly what they did..
They did not do any wrong actually but as investors we should shine our eyes and not be deceived by headlines.
Fcmb eps at H1 2017 is 0.15 and not 0.3

stock with new 52 week lows
Mobil #165.11k
no new 52 week highs

Calebbold:
Fcmb q2 profit is 3.019 billion while the outstanding share is 19.8 billion. 3.019 ➗ 19.8 = 0.15 EPS

OK, I now understand better.
The outstanding share (OS) of Fidelity, FCMB, FBNH,Diamond bank, Honey well, Transcorp stands at;
1. Fidelity is 28,974,797,023.00
2. FCMB. is 19,802,710,754.00
3. FBNH is 35,895,292,792.00
4. Diamond is 23,160,388,968.00
5. Honey wl is 7,930,197, 658.00
6. Transcorp is 40,657,047,297.00

Using their outstanding share (OS) and 2017 Q2 Profit After Tax (PAT) to get their EPS
1. Fidelity; 8.753 ÷ 28.9 = 30 kobo EPS
2. FCMB; 3.019 ÷ 19.8 = 15 kobo EPS
3. FBNH; 29.486 ÷ 35.8 = 82 kobo EPS
4. DIAMOND; 9.323 ÷ 23.1 = 40 kobo EPS
5. Honey well ; 643 ÷ 7.9 = 8 kobo EPS (q1 only)
6. Transcorp ; 1573.541 ÷ 40.6 = 4 kobo EPS

That means that Fidelity double the FCMB EPS.
FCMB really drop.
https://nairametrics.com/outstanding-shares-of-all-companies-listed-on-the-nigerian-stock-exchange/

Exactly. Fidelity q2 is 9 billion. 9 ➗ 28.9 = 0.31. Therefore annualized eps should be in the region of about 0.62 while fcmb should be 0.30. If we are using that as a yardstick, then fcmb should be selling half the price of Fidelity.

Chibuking81:


OK, I now understand better.
The outstanding share of both Fidelity and FCMB stands at;
1. Fidelity is 28,974,797,023.00
2. FCMB is 19,802,710,754.00

Using the outstanding share to get their EPS
1. fidelity; ÷ 28.9
2. FCMB; 3.019 ÷ 19.8 = 0.15 EPS

https://nairametrics.com/outstanding-shares-of-all-companies-listed-on-the-nigerian-stock-exchange/

You guys should stop comparing FCMB with fidelity. Fidelity is far better than FCMB and should only be compared with diamond bank which is even better than both. NB fidelity has a higher OS than Diamond bank.
And as for that person that says FCMB makes better profits in q3, look well and see that they actually made a loss last q3. qoq.