Firstinland Bank Plc Public Offer review
January 17th, 2008 The Editor || eic@stockmarketnigeria.com
By Tunde Brown
Firstinland Bank Plc is the result of the merger in December 2005, of four Nigerian Banks namely: First Atlantic Bank Plc, Inland Bank Plc, IMB International Bank Plc and NUB International Bank Limited. The 2-year-old bank whose total assets and contingents stands at N275 billion as at April 2007, was quoted on the Nigerian Stock Exchange on the 27th of June 2006.
Firstinland Bank Plc, on the 3rd of January 2008, commenced its public offer in which it is inviting the public to “share in its future” by buying into its 5 billion ordinary shares of 50 kobo each at N9.50 per share, and 4 billion irredeemable non-cumulative convertible preference shares of 50 kobo each, also at N9.50 per share. This is one of the few offers in recent past opting for the preference shares alternative for raising funds.
The irredeemable non-cumulative convertible preference shares has a tenor of seven (7) years, with the conversion option exercisable between 30th April 2010 and 30th April 2015, subject to the 30% of nominal value of total holdings per conversion. The preference dividend is at a fixed rate of 9.25 per cent.
According to the prospectus issued by the bank, the monies realized is meant to upgrade information technology infrastructure, renovate its head office and extend branch network, recapitalize and further develop its subsidiaries and boost working capital.
The bank unlike some other players in the industry has not enjoyed the affluent bottom-lines others have within the short period of its listing, but has paced going by the various performance indices in operation and profitability. The forecasted earning per share of 92 kobo and 182 kobo by April 2008 and April 2010 respectively, are rational based on the fact that given a boost in the funds deployed in doing business, coupled with a promising performance tempo, it is set to make an impact within the industry.
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I bought first Inland Public offer since Jan 2007. Since then I don’t received my share certificate, what can i do? to get my share certificate.
Thank you.
Yours faithfuly
pls kindly help me oh.i bought fidelity,firstinland bank shars but uptill now no respond and no certificate.
Please help, i purchased Firstinland public offers since last January,but have not received my certificate up till now please wat can i do to get my citificate soon.
Firstinland Bank pls wht is going on with my Share?…. no certificate, no nothing since January 2008 could you pls tell me atleast wht is going on so tht my mind can be at rest.
Thanks,
Abayomi
i bought first inland bank share offer on the 28 january 2008, unfortunately am yet to receive my share certificate.
what do i do??????????????????????????????????????????????
please help i bought firstinland public offer in january 2008 and till date i have not receive my certificate
thanks
I bought your shares in january 2008 in your public offer am yet to receive my certificate please assist.thanks
I bought firstinland bank shares since January and I am yet to receive my certificate as a proof of such transaction, please assist me on the appropriate channel to follow so I can get my certificate.
Thanks,
Saint Chibu-Mbah
when is our certicate coming out
I bought First Inland Bank Plc shares in january, but I’m yet to receive my share certificate. When should I be expecting my share certificate? Thanks
first inland, whats going on, ten months now of buying shares with you. No share certificate no explaination. I think i deserve to know at least what is going on or what do you think.
i need my share certificate , what’s happenin
i bought first inland public offer jan 2008.am yet to get my share certifacate and when u call the head office in lagos they pass you on to a lady who knows nothing about shares she then gives u a mobile no of a guy whom she claims wld give u a detailed explanation on whats going on but unfortunately he keeps telling u the certificates are been dispatched ,its 3 months on .he keeps telling me its in d post.
first inland whats going with our certficates ? we deserve to know whats happening.
first inland, whats going on, ten months now of buying shares with you. No share certificate no explaination. I think i deserve to know at least what is going on or what do you think.
my name is oladipupo segun . i bought some amount of first inland bank without evidence of my share certificate and named were not included as unclaimed. i shall appreciate a prompt response frm this e-mail address
thanks
Hello FirstInland,I bought share for the past 10months now and yet to receive my certificate.i am no longer interested..so just get me the certificate so i can sell my shares and get another bank offer because i do not like your starting with me.
my name is godsent,i bought firstinland shares,i have not receive my certificate,pls i need to update me on what is going on.
i bought shares from your bank during your last public offer and i can not get my certificate till now. what is the matter?
JANUARY 2008 IPO: SHARE CERTIFICATE
The above captioned refers, my name is Ajayi Olanrewaju, I directly bought into your January, 2008 public offer and till time of this mail have not received my Share Certificate.
Kindly let know the issue on same as this is long overdue.
Below is my contact for your attention and express delivery: -
AJAYI OLANREWAJU O.
164, IKOT EKPENE ROAD
UYO
AKWA IBOM STATE
0805-340-7895 & 0703-446-4834
saintlearnray@yahoo.com
Thanks in anticipation of receiving from you soonest.
I bought firstinland shares since January 2008 but i have not gotten my share certificate
I boutht Firstinland shares I’m yet to received my certificate, this is ten month
I am talking about, if i may ask, if i don’t get my certificate within ten month, when am i expecting dividends??????
This question needs a positive answer from the bank executives and fast too.
Tanks,
A B Abu.
I bought firstinland shares since january 2007 uptill today i have not receive my cerfiticate why, please tell me i want to no why please. thanks MR.ABUCHUKWU.
Hi there,
I bought into First Atlantic Bank share offer on 10/03/05. Till date no certificate only an evidence of a receipt. No form of feedback whatsoever. What kind of picture are we Nigerians painting about ourselves?
I need a reply ASAP form the Bank thru my email.
Thanks
I bought Firstinland bank shares since january 2008, but up till now i have not got my certificate or any information concerning this from the bank or its registrar. plaese what can i do to get my certificate.
thanks
I bought First Inland shares since JAN/FEB. this year but uptill now I have not seen my certificate. What is wrong? I am worried. Your urgent response will help me out of my curiosity.
Regards
Jude Ofoha
ibought ur shares since january up till now no certificate what is happenung.
Goodday,
please firstinland co-ordinators need to know why and what is keeping you from sending me my certificate.
First Inland Bank or Fin Bank, i believe u guys need to do something about investors money u’re trapping. remember most people used borrowed funds en they need to sell d shares off to pay up or reinvest en make better profit. please someboy needs to address investors whose cash has been trapped, I being one of em. thanx
pls firstinland bank, what is happenin 2 my certificate and that of my wife since january 2008. we need that certificate soonest. thanks.
I bought public offers with first inland since Jan this year being 2008. please what is delaying my certificate, if it is not ready to be issued, why don’t you inform me at least I give you my phone number. please issue me my certificate or you pay me back my money, for peace to reign. Thank you.
I bought public offers with first inland Bank plc, since Jan/Feb, 2008. Please what is delaying my certificate, please issue me my certificate or you pay me back my money. If u fail to do so i will report you to EFCC, i will give your report to radio Lagos Agidingbi, Eko FM to help me announces that Firstinlnd bank PLC has involve in fraudulent, because your bank use my money to invest you never bother to issue out certificate of payment. You quote a word that “share in our future” now u ar the one sharing in my future by embezzling my money. Firstinland bank will pay for it because you will implicate your bank name.
I will be waiting for your response till December 31st 2008, as from your resumption date in january you are resuming into battle
Thank you.
Balikis Olabisi
you can contact me via my telephone number +2348026061179.
Think fast
I AM PLANNING TO BUY THIS SHARE BUT WHY IS IT THAT PEOPLE ENCOUNTER PROBLEM BUYING SHARE WITH FIRSTINLAND BANK ????????
NULINSON
I i´m overwhelmed afraid,i bought firstinland bank shares since february,and up till now i haven´t receive my certificate.please what do i do.
This is to inform first inland bank management that I bought public offers with the bank. I have not been given my certificate. Please, what is happened. You should do something about this unneccesary delaying
GABRIEL
I bought Firstinland bank shares since january 2008, but up till now i have not got my certificate or any information concerning this from the bank or its registrar. plaese what can i do to get my certificate.
Uptill today, I have never recieved any information on my certificate of share I bought with this bank. Please, do something because delaying is dangerous.
GABRIEL
E-MAIL:okijigabriel@yooh.com
Hello Okiji Gabriel,
You can contact the registrars of Firstinland bank to enquire about your certificate.
Hello Everybody.. Please Read Carefully.. Its not firstinland bank who handles anything pertaining shares certificate… Its already their Registrars and all you need to do is drive your car or take a taxi to their Registrars Office which is
FIRST INLAND REGISTRARS LTD
OKOI ARIKPO HOUSE 5, IDOWU TAYLOR STREET VICTORIA LAGOS
Kindly Email me if thats enough to help you.. oboh_lucky@yahoo.com
Hello My Fellow Investors The Helper is here to help you.. If you’re 100% serious about getting your shares Certificate Kindly go to Firstinland Bank Registrar with either your identity card , Payment receipt and application form which you used in buying the shares in January which i’m sure you did a photocopies for future purpose.. Or If you didn’t do a photocopy then go with your identity cards there and collect your share certificate. Their address is :
FIRST INLAND REGISTRARS LTD
OKOI ARIKPO HOUSE 5, IDOWU TAYLOR STREET VICTORIA LAGOS .
Investors should’nt be worried about shares certificates or Dividends thats why the use of CSCS account and E-dividends is important. My Advice is : Go to a stock broker and Open a CSCS Account and when next you’re buying shares you should fill up the space where CSCS Account Number and Stock Broker Firm is Required on the Application form. Also fill in the space where it indicate for bank name and account number. Reason Why you should fill in your CSCS Account is because your share certificate would be sent to your CSCS Account Number Electronically and your Dividends will be sent to your bank account Electronically… Your Troubles of not getting certificates or dividends would be less because you can call your stock broker and bank to confirm if your certificate has reflect in your CSCS Acct and your bank if your divided as been deposited …. So Life is easy with no fears of loosing… With Your CSCS Account selling of shares is easy because keeping a certificate at home is not adviseable . You can Monitor the increase of share price and selling of your shares will be instant with a CSCS Account . GTI Stock Broker Finance at Allen Round About is a good stock broker.. thats what i use… If this has done any help to you then kindly let me know by sending me an email oboh_lucky@yahoo.com
Cheers.