Own The Idea (Bank PHB IPO)

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Why This Bank PHB IPO Is A Must Buy

Answer,

503% price appreciation within 24 months from private place price of N1.95 to a high of N35.26 after adjusting for reverse split.

259% growth in cash dividend from 6.5kobo per share in 2007 to 70kobo per share in 2007 in addition to a 1 for 4 bonus dividend

197% growth in PBT to N10.28 billion in June ‘07 from N3.25 billion in June ‘06.

119.13% average growth in PBT in the last five years; 8 times higher than the banking industry average growth rate of 14.16%

33.36 % discount on current market price of N25.51. This is 51% below one year high price of N35.26

N158.7 billion new wealth created for our shareholders within 2 years

Bank PHB is currently Nigeria’s 8th biggest Bank in total assets and contingents and 7th in deposit base.

The Bank is strategically poised to improve on these stellar performances into the future.