NewStats: 3,261,750 , 8,175,009 topics. Date: Friday, 30 May 2025 at 11:44 AM 5j6j33

Streetinvestor2:
You don hammer for champion because you bought below #3

That's why I said that dividend na Awoof.

I don become a champion investor be that.

I never believe I go dey for champion till now.If na before I for don japa since.I am happy to belong here at least till I meet my N15 target exit price.

Streetinvestor2:
It makes sense but it could back fire if the stock decides to go north after mark down instead of south.

Is thr really big difference when you calculate the total cost of sell/buy back of the stock against 10% just from the dividend

Most times it goes a little south, even if it would go north but the wahala is not worth it if you are a dividend investor

Streetinvestor2:
The government fix the thing at 10%. I surprise this government never consider to make it 15% by now.They are out to finish nigeria with hunger and poverty

It is 30% in some climes

https://ewnation.com/veritaskap-can-make-15-percent-but-yet-to-bottom/
https://ewnation.com/transcorp-bearish-shadows-still-linger/
enjoy

Harvestock01:


It is 30% in some climes

No problem at that climes.The people definitely benefit from thr money given to government. Here I provide everything for myself

I will still keep my NPf like champion.

I dey bullish on these 2 stocks.

Their dividend na another Awoof.Npf will see N4 -N5 in my presence in this 2025.

Locotrader:
I will still keep my NPf like champion.

I dey bullish on these 2 stocks.

Their dividend na another Awoof.Npf will see N4 -N5 in my presence in this 2025.

Which insurance you get interest. I get for royalex

Harvestock01:


It is 30% in some climes

NGX is still fragile o
You do anyhow, people go carry their kaya comot

NAHCO

KarlTom:
NAHCO

🤔 those 90k tranches though

Streetinvestor2:
Which insurance you get interest. I get for royalex

This insurance stock to get the needed units na wahala.If I drop it now,I go begin drag units with people.

I go drop am with reasons why it will do like sunu.

Calm down

As in ehn...

Ginalex:
🤔 those 90k tranches though

Locotrader:


That's why I said that dividend na Awoof.

I don become a champion investor be that.

I never believe I go dey for champion till now.If na before I for don japa since.I am happy to belong here at least till I meet my N15 target exit price.

You go explain explain tire no evidence

I was told yday a single seller wanted to exit about 15m units.

KarlTom:
As in ehn...

Sunrisepebble:
I was told yday a single seller wanted to exit about 15m units.

they could have allowed him crash the price na😔

PETERiCHY:


You go explain explain tire no evidence

Na evidence be your problem Peter my friend.
We don dey old small small.
Wetin we gain for lie lie now?

If na investment one I use buy am,I for show you but champion dey with Atlass portfolios.E go hard me to show you

Locotrader:


This insurance stock to get the needed units na wahala.If I drop it now,I go begin drag units with people.

I go drop am with reasons why it will do like sunu.

Calm down

Enjoy..I will go with my royalex for now.

How is Fidelity holding up?

otokx:
How is Fidelity holding up?

Fidelity Bank is still under pressure ... ₦336.48M traded so far, down -2.95% today and -12.93% WTD.
MTD: -10.62% | YTD: +3.43%
Still holding strong YoY at +103.37%, showing solid long-term growth despite recent dips.

me i don't understand what is really going on with Fidelity, they tried to explain, the court order few days ago, but i didn't understand it, my own is... are they going to pay the fine or not. #SohSoh

the link : https://nairametrics.com/2025/05/19/fidelity-bank-confirms-supreme-court-ruling-on-g-cappa-and-sagecom-computes-n14-billion-as-settlement/

otokx:
How is Fidelity holding up?

https://nairametrics.com/2025/05/22/why-i-invested-n320bn-in-first-bank-otedola-credits-tinubu-cardoso-reforms/

SohSoh:
me i don't understand what is really going on with Fidelity, they tried to explain, the court order few days ago, but i didn't understand it, my own is... are they going to pay the fine or not. #SohSoh

the link : https://nairametrics.com/2025/05/19/fidelity-bank-confirms-supreme-court-ruling-on-g-cappa-and-sagecom-computes-n14-billion-as-settlement/

I think they are going to pay but may not pay 225 Billion but 14 Billion or 30 Billion depending on what the court decides.
They would either use the exchange rate of 2005 when everything started or 2018 when the case was first taken to court.
Hopefully it is either of the two and not the 225 Billion which is due to devaluation over the years,

SohSoh:
me i don't understand what is really going on with Fidelity, they tried to explain, the court order few days ago, but i didn't understand it, my own is... are they going to pay the fine or not. #SohSoh

the link : https://nairametrics.com/2025/05/19/fidelity-bank-confirms-supreme-court-ruling-on-g-cappa-and-sagecom-computes-n14-billion-as-settlement/

The Fidelity Bank Palava:
1. Parties Involved:
☞ Fidelity Bank (absorbed FSB International Bank in 2005)
☞ G. Cappa
☞ Sagecom Concepts

2. What Went Wrong?
☞ G. Cappa borrowed money from FSB International Bank but defaulted. The loan was backed by a property in Ikoyi.

3. What FSB Did
☞ FSB sold the property to Sagecom Concepts after winning a legal dispute allowing the sale, but the Federal High Court did not order G. Cappa to vacate. Instead, the court referred the matter of eviction to the Lagos State High Court. G. Cappa continued occupying the property.

4. The Legal Battle
☞ Sagecom Concepts sued Fidelity Bank (FSB’s successor) over possession of the property. In 2018, the Lagos State High Court ruled in favor of Sagecom. Fidelity Bank challenged this at the Supreme Court.

5. Settlement Issues
Fidelity Bank now agrees to settle Sagecom, but confusion exists over how much Fidelity should pay, due to currency valuation differences:
2005 exchange rate: $130 million = ₦14 billion.
2018 exchange rate (when the trial began): ₦31 billion.
Current exchange rate (~₦1,600/$): ₦220 billion+ (not applicable according to Fidelity Bank).

6. Current Situation:
Based on legal precedent, Fidelity Bank argues that the 2018 rate (₦31bn) is appropriate. The bank has requested that the court clarify the exact applicable amount. The issue remains in court.

7. Fidelity Bank’s numbers (FY 2024)
☞ Total Assets: ₦8.8 trillion
☞ Cash Position: ₦700 billion+
☞ Net Assets: ₦793 billion
☞ Gross Earnings: ₦1.1 trillion
☞ Profit After Tax: ₦278 billion

culled from another platform

GeneralDae:

I think they are going to pay but may not pay 225 Billion but 14 Billion or 30 Billion depending on what the court decides.
They would either use the exchange rate of 2005 when everything started or 2018 when the case was first taken to court.
Hopefully it is either of the two and not the 225 Billion which is due to devaluation over the years,

They will pay far more than those amount you quoted, we should stop deceiving ourselves, devaluation will definitely come into play just like those who borrowed before devaluation though the bank remains strong.

ndept:

The Fidelity Bank Palava:
1. Parties Involved:
☞ Fidelity Bank (absorbed FSB International Bank in 2005)
☞ G. Cappa
☞ Sagecom Concepts

2. What Went Wrong?
☞ G. Cappa borrowed money from FSB International Bank but defaulted. The loan was backed by a property in Ikoyi.

3. What FSB Did
☞ FSB sold the property to Sagecom Concepts after winning a legal dispute allowing the sale, but the Federal High Court did not order G. Cappa to vacate. Instead, the court referred the matter of eviction to the Lagos State High Court. G. Cappa continued occupying the property.

4. The Legal Battle
☞ Sagecom Concepts sued Fidelity Bank (FSB’s successor) over possession of the property. In 2018, the Lagos State High Court ruled in favor of Sagecom. Fidelity Bank challenged this at the Supreme Court.

5. Settlement Issues
Fidelity Bank now agrees to settle Sagecom, but confusion exists over how much Fidelity should pay, due to currency valuation differences:
2005 exchange rate: $130 million = ₦14 billion.
2018 exchange rate (when the trial began): ₦31 billion.
Current exchange rate (~₦1,600/$): ₦220 billion+ (not applicable according to Fidelity Bank).

6. Current Situation:
Based on legal precedent, Fidelity Bank argues that the 2018 rate (₦31bn) is appropriate. The bank has requested that the court clarify the exact applicable amount. The issue remains in court.

7. Fidelity Bank’s numbers (FY 2024)
☞ Total Assets: ₦8.8 trillion
☞ Cash Position: ₦700 billion+
☞ Net Assets: ₦793 billion
☞ Gross Earnings: ₦1.1 trillion
☞ Profit After Tax: ₦278 billion

culled from another platform

What I still cannot understand is why the disputed money is being quoted in dollar.
Since they are going to pay in 2025, I want to believe fidelity will pay more than they are quoting.
They are not in the position to determine the date for the exchange rate.

Mr. Chairman

Is Champion doing another loss today?

Locotrader:
I will still keep my NPf like champion.

I dey bullish on these 2 stocks.

Their dividend na another Awoof.Npf will see N4 -N5 in my presence in this 2025.

Once he is done doing the private placement mostly to himself.... he will allow the price of First holdco to appreciate and at least pay meaningful dividends.

How else is he moving his investment from N102B to N350B without the private placements.

GeneralDae:
https://nairametrics.com/2025/05/22/why-i-invested-n320bn-in-first-bank-otedola-credits-tinubu-cardoso-reforms/

The Market seems to be slowing down again, till Q2

Red tide rising, bottom 15 dragging the board today. Stay sharp, stay watching.

The jugular of FIDELITY

I have not receive my WAPCO interim dividend paid 20/05/2025. I hope I am not the only one left out.

Lifeafterdeath:
I have not receive my WAPCO interim dividend paid 20/05/2025. I hope I am not the only one left out.

LOL same here, i think we need to mail their registrar at this point.