Fidelity offer opens @ N8.00
September 28th, 2007 Ogbuotobo Chuks || chuks@stockmarketnigeria.com
By Ogbuotobo Chuks
After being placed on technical suspension for a while, Fidelity Bank Plc launched its public offer yesterday accross the country.
The bank is offering to the public a total of 5,501,100,421 ordinary shares of 50 kobo each at N8.00 per share, as well as rights issue of 498,899,579 ordinary shares of 50 kobo at N8 per share on the basis of one ordinary share for every 33 ordinary shares held in the bank as at August 20, 2007.
The offer is said to be highly ,discounted at N8.00, as its present price on the floor of the exchange is N11.99.
The price has appreciated from N1.25 kobo in January 2005 to N11.59 in 2007 - which is an appreciation of 859 per cent in just three years.Profit before tax has also grown by over 300 per cent in the three years between 2005 and 2007.In the same manner, total assets of the bank have grown over 540 per cent from 2005 to 2007.
The offer closes on November 9, 2007.
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Hi
I want to find out if fidelity bank public offer is on now.
And if so,where can I buy it.
Also I will be very greatful if you will keep me informed on the latest offers in the market.
Thanks
kelechi
kele4prince@yahoo.com
Dear Sir,
I will like to know what has happened to my share certificate which i bought from FIDELITY last year November 2007. All my friends have received theirs but i am still to receive mine.
Best regards
Jonathan Emenike
Zone A block 6 suite 110
Aspamda Plaza lagos
Nigeria
Hello sir may i know more about this share becos am new to this and i want invest and i dont know such about it pleas i will probably need your attention for that maby inviat me to you company for more discusion so i will be happy if you can give me a mail through my email address D.santino505@yahoo.com or call me derictly to my mobil or sent me a text i will probably reply you back here my mobil number 08030661925