Access bank at N10 per share - Good investment

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Posted by on Tuesday January 15, 2013 at 17:41:41:

For those who bought Access bank shares as at November 2011 should have reason to smile once again as the stock price has rallied to up to N10 in January. This is a more than 100% capital appreciation. I wrote a post on the need to buy Access bank shares then in 2011 and now, about 1 year later, it has already appreciated well. Another stock that I still have my eyes on is Fidelity bank which has been moderately rising but I'm expecting it to at least reach N5 by March if market goes more bullish.

You can check the stock price history for a particular company here: http://www.cashcraft.com/pricemovement.asp

Access bank price history
=======================
15/11/2011 4.80
14/03/2012 6.46
14/11/2012 8.56
14/01/2013 10.00
14/03/2013 ?

As at January 2012, Access bank had concluded the acquisition of Intercontinental bank and the bank had consistently grown in profits since then.

For shareholders, dividends had always been coming with one paid in 2012 at N0.50 per share for 2011 financial year end. The dividend was dispatched to shareholders whose name appear in the books of accounts as at 2011 by the company registrar United Securities LTD.

For investors who bought Access bank when it was just under N2 about 2 years ago, the time for reaping has come and it is likely that the remaining banks in Nigeria would also follow suit as the market regains momentum despite the 2011 shock.




Comments:
    Re: Access bank at N10 per share - Good investment Reply by DANIEL EUGENIA BILBUDAM on Friday January 18, 2013 at 15:39:23:

    HOW MUCH IS FINBANK SHARES NOW.



    Re: Access bank at N10 per share - Good investment Reply by Felix Okoli on Friday January 18, 2013 at 15:39:23:

    Finbank shares have been converted to FCMB shares at a discount. You should meet your stockbroker or Registrar to know how many are alloted to you. For today, FCMB shares are at about N5.07


    Re: Access bank at N10 per share - Good investment Reply by Mike on Tuesday February 19, 2013 at 10:25:9:

    How much is fidelity bank share and where can i get it?



    Re: Access bank at N10 per share - Good investment Reply by Felix Okoli on Tuesday February 19, 2013 at 10:25:9:

    It currently costs about N3.29. You can get it through any stockbroker eg. BGL securities


    Re: Access bank at N10 per share - Good investment Reply by OKEDIRAN AKINTAYO OLUFEMI on Saturday March 2, 2013 at 14:6:17:

    When will first bank be selling thier shares and how much will they sells per shares. Pls, just text me thru 08163589375. Thks.



    Re: Access bank at N10 per share - Good investment Reply by Felix Okoli on Saturday March 2, 2013 at 14:6:17:

    You can always buy First bank shares from the secondary market through a registered stockbroker. Unless you are talking about a public offer?


    Re: Access bank at N10 per share - Good investment Reply by Josephine Anucha on Wednesday March 6, 2013 at 9:17:3:

    am interested in buying shares but dont knw how to go about, pls i need your proffessional advice. Thanks.



    Re: Access bank at N10 per share - Good investment Reply by Felix Okoli on Wednesday March 6, 2013 at 9:17:3:

    You should meet a stockbroker like CSL stockbrokers in Lagos. You may also buy into mutual funds like the IBTC or Fidelity





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