Fidelity Bank

[billions]

Originally Posted by Clive

Good morning mbers, I need your advice here, very urgently. I applied for 100,000 units of share in Fidelity Bank at their last PO which I paid for through my brokers , but todate I have not received any certificate nor returned money. My brokers do not know what is going on either. Nothing has been received at the postal address (PO Box) in Lagos that I wrote on the form.
Please mbers, how will I know how many units was alloted to me if any and get the certificate? How to get my money back if nothing was alloted to me ?
This PO took place about a year ago.
Thanks,
Clive.

You will get 100% of what u applied for.

You can visit this link Fidelity Bank to get a better idea of how the allotment was done....post #138 is very useful.

Some or many investors are yet to receive their certificates...you r not alone.

Cheers.

[williamschichi]

you are not alone as BILLION as said on ur certificate and would get your order in full,contact your stockbroker to find out if all your order were allocated,in this way i knew mine.

[hispy99]

Fidelity Bank Declared Africa’s Best in CSR
10.12.2008

Honour on an international scale came the way of Nigeria’s Fidelity Bank Plc at the weekend for her efforts in the area of social investing.

At a colourful ceremony at Willard Intercontinental Hotel in Washington DC, United States, on Friday night, Fidelity Bank was declared Africa’s Most Socially Responsible Bank by the African Banker Magazine.

The Award Ceremony hosted by the 41 year-old magazine, published out of London, was part of the events of the 2008 IMF-World Bank meetings holding in Washington DC.

The Friday night event was attended by 25 Finance Ministers and 17 Central Bank Governors from Africa as well World Bank and International Monetary Fund (IMF) executives.

According to Mr. Omar Ben Yedder, publisher of the African Banker which also has in its stable, the African Economy and the New African magazines, and Awards Coordinator, Anna Rosenberg, the awards are to encourage world class practices among African banks.

Fidelity Bank beat a Nigerian bank and three other nominated banks: Arab African International Bank; Nedbank of South Africa and United Bank of South Africa.

[hispy99]

The Share Price Of Fidelity Bank Plc Was Adjusted For A Dividend Payment Of 30kobo Per Share Today.

[panej]

What is the cut-off for participation in dividend? I bought FIDELITYBK in early September and was wondering if I'll be included in the dividend payment.

[nkemjika]

Panej,
Register closed yesterday. As long as u did not sell b4 or yesterday, u are entitled to dividend payment.
I guess this answers your que.
Tnx

[panej]

Originally Posted by nkemjika

Panej,
Register closed yesterday. As long as u did not sell b4 or yesterday, u are entitled to dividend payment.
I guess this answers your que.
Tnx

Thanks; that answers my question. It doesn't matter when the purchase was made, right?

[hispy99]

Originally Posted by panej

Thanks; that answers my question. It doesn't matter when the purchase was made, right?

All those that buy before the day the register is closed qualify for dividend. In this case, you bought well before the qualifying date.

[nkemjika]

Hispy99 is right.
Tnx

[ugees]

I bought in the po last year. I havnt verifed.am i still entitled to the dividend.

[BigJay01]

Yes you do qualify for any bonus after June 2007. Recall that the last bonus declared was for year end June 2008.

This is an excerpt from from the 2007 PO prospectus.

Status: The new shares when fully subscribed will rank pari- passu in all respects with the existing Ordinary Shares of Fidelity Bank except that they will not qualify for any dividend or bonus declared for the year ended 30th, June, 2007. The shares also qualify as securities in which trustees may invest under the Trustees Investment Act Cap T22 LFN 2004

[austine_stock]

plz i like some one in the house to advice me on fidelity

i we like to take position at three naira so someone should asist me on when to take position bcos i have lost 70 per cent of my money in this company

and at all cost we like to know if the stock we still fall further

[panej]

Originally Posted by austine_stock

plz i like some one in the house to advice me on fidelity

i we like to take position at three naira so someone should asist me on when to take position bcos i have lost 70 per cent of my money in this company

and at all cost we like to know if the stock we still fall further

Is there a reason why you're still holding on to it? If you didn't have it, would you buy it now? If not, you may want to cut your losses. But, do your own research as no one has a silver bullet on stock movements.

[prince dagbolu]

Originally Posted by austine_stock

plz i like some one in the house to advice me on fidelity

i we like to take position at three naira so someone should asist me on when to take position bcos i have lost 70 per cent of my money in this company

and at all cost we like to know if the stock we still fall further

Sit and wait. Time will lead you to decide your next move. Do not sell, and do not buy. I also have FB Shares. This is what i have decided to do.Good luck to you.

[panej]

Originally Posted by prince dagbolu

Sit and wait. Time will lead you to decide your next move. Do not sell, and do not buy. I also have FB Shares. This is what i have decided to do.Good luck to you.

If you like the stock that much, why don't you buy more!!! If you know it will definitely go down tomorrow, the next day, the day after that...on and on, why don't you buy it when it's cheaper so you can have more of it with the same amount of money.
You are dealing with this emotional which is the worst way to trade!!

[billions]

FIDELITY BANK PLC
FIRST QUARETRE ENDED SEPTEMBER 30, 2008
2008 2007 %CHANGE
GROSS EARNINGS N13.939b N7.679b 82
PROFIT BEFORE TAXATION N3.780b N3.304b 14
TAXATION N756.063m N660.857m 14
PROFIT AFTER TAXATION N3.024b N2.643b 14
BALANCE SHEET INFORMATION
FIXED ASSET N19.027b N7.331b
STOCK N5.350b N3.595b
CASH AND BANK BALANCES N79.127b N76.908b
OTHER DEBIT BALANCES N230.882b N90.023b
OTHER CREDIT BALANCES N195.500b N141.862b
NET ASSETS N138.888b N32.400b