Mpeace:
But CP, on strength of this result alone, fidelity is still cheaper than fcmb. Eps for fidelity is .62 fcmb. 57. They are both cheaper than any other bank on NSE.
Congrats FCMB, nice result.

how?

i have not check the result well for valuation but base on this ur EPS fcmb is cheaper now remember their outstanding share

fidelity 29B
FCMB 20B

^
^^
forward PE at today close price

fcmb 3

fidelity 4

so how fidelity take cheap base on the EPS u post

Mpeace:
But CP, on strength of this result alone, fidelity is still cheaper than fcmb. Eps for fidelity is .62 fcmb. 57. They are both cheaper than any other bank on NSE.
Congrats FCMB, nice result.

CP is looking at FY. FCMB bank is audited and impairment provision made up to Q3. Fidelity might disclose their own impairment by FY (unless Fidelity's Q3 is also audited).

mendes911:


CP is looking at FY. FCMB bank is audited and impairment provision made up to Q3. Fidelity might disclose their own impairment by FY (unless Fidelity's Q3 is also audited).

It's unaudited

Mpeace:
But CP, on strength of this result alone, fidelity is still cheaper than fcmb. Eps for fidelity is .62 fcmb. 57. They are both cheaper than any other bank on NSE.
Congrats FCMB, nice result.

On my sheet, FCMB is the cheapest bank now, based on this result.

You should use PE ratio to compare 2 stocks. FCMB PE = 2.30, FIDELITY PE = 3.03

You can use EPS to compare 2 stocks if only they both have the same share price, or if you're comparing the relative performance of a stock.

Pajapaja:
But he said the truth

how's that the truth?

[quote author=Godlylifeoneart post=73409241][/quote]
you have made good points

it all boils down to corporate governance failures and weak regulations.
That's why to a large extent, I have no respect for all these "big men"
abusing the system and laws to enrich yourself

Parisfran:

It's unaudited

FCMB stated on their website that the group's result will be unaudited but the bank will be audited. Unless this was changed later. Let me go and peep at the result self.

E ku FCMB good result o. I just dey see plenty members wey don activate ghost mode since. E ku coming out from hiding o.

currentprice:
cc Mcy56 quoted

All hail CP the seer!
You said it, only that fear is too much cos of the bloodshed in the market.
Let's see if this result will bring mini bull tomorrow. I hope someone like me go see buy sha cos I no trust all these "ghosts".

musty00:


On my sheet, FCMB is the cheapest bank now, based on this result.

You should use PE ratio to compare 2 stocks. FCMB PE = 2.30, FIDELITY PE = 3.03

You can use EPS to compare 2 stocks if only they both have the same share price, or if you're comparing the relative performance of a stock.

currentprice:
^
^^
forward PE at today close price

fcmb 3

fidelity 4

so how fidelity take cheap base on the EPS u post

U are correct. Maths no easy o. My classmate don change seat, who I for copy from.

Bargain hunters....that did not enter FCMB today.
@Peterrichy @Chibuking ...see you all in January!

Ugosample:


how's that the truth?

Wait . I dy come

deepsuk:
will this shit hole market ever rise....
my losses are in billions and how much can i sell to get cashhh... am contemplating suicide ....dec sometime

Are you saying you don't give second thought to all the red flags being raised on some of those stocks?
You couldnt have done that to yourself now! It's even better to miss the moving train than to sit inside that dozie's kind of bus and be hoping that all will be well soon.
I hope y're joking with the suicide thought too. Please dont!
Everyone at one point or the other have got one story or the other to tell. You can always pick your piece and pieces and start all over again.
You are my good friend here you know. Try and be more open to ask questions and free with people here.
It is well.

Tomorrow is another day. Some stocks will do what they must do....

I wish we were respecting elders here more and not claiming knowledge we do not have.

If we treat some people here with dignity and ask the right questions, engage in meaningful and orderly debates, we will unlock so much value on this forum.

Talking when we should be listening is the reason we offloaded FCMB today.

Smart people normally use bear periods to force us out of good positions.

We must do what we must do.

I thank the selfless gurus here.

How I wish Oscar will give me the key to the floor before daybreak...

Mcy56:


Are you saying you don't give second thought to all the red flags being raised on some of those stocks?
You couldnt have done that to yourself now! It's even better to miss the moving train than to sit inside that dozie's kind of bus and be hoping that all will be well soon.
I hope y're joking with the suicide thought too. Please dont!
Everyone at one point or the other have got one story or the other to tell. You can always pick your piece and pieces and start all over again.
You are my good friend here you know. Try and be more open to ask questions and free with people here.
It is well.

@deepsuk,
Please just take a decision and move on but never to consider suicide. Note that "oja to gbowo lo, lo maa gbowo pada", meaning the business that took your fund away will bring it back. Quitters don't win and Winners don't quit. I lost at least 70% of my fund in diemond so no be only you. After all you didn't waste the fund, you invested it. It will end in praise friend.. Just my 1 kobo advice.

DeRuggedProf:
Tomorrow is another day. Some stocks will do what they must do....

I wish we were respecting elders here more and not claiming knowledge we do not have.

If we treat some people here with dignity and ask the right questions, engage in meaningful and orderly debates, we will unlock so much value on this forum.

Talking when we should be listening is the reason we offloaded FCMB today.

Smart people normally use bear periods to force us out of good positions.

We must do what we must do.

I thank the selfless gurus here.

How I wish Oscar will give me the key to the floor before daybreak...

So you think it will gain 10% in this bear?

stcool:
Bargain hunters....that did not enter FCMB today.
@Peterrichy @Chibuking ...see you all in January!

The rain that is falling will fall on all and sundry

The bear will visit every stock irrespective of fundamentals

Have you looked at Oil prices? Have looked at the exchange rate that is getting to N367?

It is still a January matter for me. That may be the best time to pick the pieces.

deepsuk:
will this shit hole market ever rise....



my losses are in billions and how much can i sell to get cashhh...


am contemplating suicide ....dec sometime

Take it easy please....Dont allow the pressure get to you! Speak to someone around you or consult an expert.

Suicide is not the solution

Mcy56:


Are you saying you don't give second thought to all the red flags being raised on some of those stocks?
You couldnt have done that to yourself now! It's even better to miss the moving train than to sit inside that dozie's kind of bus and be hoping that all will be well soon.
I hope y're joking with the suicide thought too. Please dont!
Everyone at one point or the other have got one story or the other to tell. You can always pick your piece and pieces and start all over again.
You are my good friend here you know. Try and be more open to ask questions and free with people here.
It is well.

Are you sure you understand the message you quoted?
At times people are out to the wrong section.
It's easy for your fingers to hit investment instead of ROMANCE...
People don't talk about losses and value only in respect to shares.
Any business can be 'stocked'...

ok

stcool:


Take it easy please....Dont allow the pressure get to you! Speak to someone around you or consult an expert.

Suicide is not the solution

Are you a learner? She doesn't have a portfolio

Agbalowomeri:


So you think it will gain 10% in this bear?

Can it give me the volume I need in this bear? That is my only worry.

Access Bank May Reduce Dividend Payment to Stay Afloat
https://businesspost.ng/2018/11/29/access-bank-may-reduce-dividend-payment-to-stay-afloat/

Zenith Bank Directors Panic Over Possible Loss of $100m
**As Debtor Files for Bankruptcy
https://businesspost.ng/2018/11/29/zenith-bank-directors-panic-over-possible-loss-of-100m/

Stock Market Analysis: Is 'Santa Claus' Rally Imminent?
https://businesspost.ng/2018/11/29/stock-market-analysis-is-santa-claus-rally-imminent/

Mcy56:

All hail CP the seer!
You said it, only that fear is too much cos of the bloodshed in the market.
Let's see if this result will bring mini bull tomorrow. I hope someone like me go see buy sha cos I no trust all these "ghosts".

u might be right with the bolded. as it is now oyel have enter BULLISH levels on my chart. i am going for a buy now.

fcmb might be the luck one mkt is expecting. ^{coincident happen sometimes}

watching.....

DeRuggedProf:


Can it give me the volume I need in this bear? That is my only worry.

Just chill, you will get more than enough
Allow the euphoria of the result to die down, I don't expect it to last more than 1-2 days

Agbalowomeri:


Are you a learner? She doesn't have a portfolio

Who can argue with the Mayor?
That means you have acquired her 'POTFOLIO' 100 percent...

DeRuggedProf:


Who can argue with the Mayor?
That means you have acquired her 'POTFOLIO' 100 percent...

Chai u ehn

DeRuggedProf:
Are you sure you understand the message you quoted? At times people are out to the wrong section.
It's easy for your fingers to hit investment instead of ROMANCE... People don't talk about losses and value only in respect to shares.
Any business can be 'stocked'...

Maybe y're right...... but the sound of that word 'Suicide' is scary irrespective of whatever.
It shouldn't even cross anyone's mind.
Truth is, some people are depressed and silently going through tough times and in dire need of someone to talk to, someone who listens and understand.
At the point of voicing out, people around them should not close their eyes and ears to such.
All is well.

DeRuggedProf:
Can it give me the volume I need in this bear? That is my only worry.

Might be in other area, just like Prof said. Of course, the figures are exaggerated as well.

stcool:


Take it easy please....Dont allow the pressure get to you! Speak to someone around you or consult an expert.

Suicide is not the solution

So u believe he lost billions. Lol

currentprice:
u might be right with the bolded. as it is now oyel have enter BULLISH levels on my chart. i am going for a buy now.
fcmb might be the luck one mkt is expecting. ^{coincident happen sometimes} watching.....

True!
..... the bolded though. Abeg invite your other members to bring out their mattresses too, help us stop that red on the floor small.