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snatman
 Post subject: FCB IPO
PostPosted: Mon Jul 15, 2013 12:09 pm 
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In the prospectus, First Citizens predicts that it will earn an after-tax profit of $588.49 million for the 12-month period ending September 30, 2013. Given that the total number of First Citizens ordinary shares in issue is 251,353,562, the stockbroker said, based on the bank’s estimated earnings of $588.49 million, the earnings per share would be around $2.34. This translates into a price/earnings (PE) multiple of about 9.4 at the initial offer price.


and a 4.75% yield.

good investment methinks.

Something to consider being eeen in

prospectus/ application form available on fcb site


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ray d saint
 Post subject: Re: FCB IPO
PostPosted: Mon Jul 15, 2013 12:16 pm 
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Location: Don't let the name fool you, jus go with it!!
IPO size (approx 20% of share capital) 48,495,665

Allocation (in order of priority):

Employees 15% - 7,274,350
Individual investors who are nationals of T&T 15% - 7,274,350
Pension and other trust funds, credit unions and coops 25% - 12,123,916
Registered Mutual Funds (including UTC) 25% - 12,123,916
NIB 10% - 4,849,567
Companies registered in T&T 10% - 4,849,567


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paparazzi
 Post subject: Re: FCB IPO
PostPosted: Mon Jul 15, 2013 12:51 pm 
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snatman wrote:
Quote:
In the prospectus, First Citizens predicts that it will earn an after-tax profit of $588.49 million for the 12-month period ending September 30, 2013. Given that the total number of First Citizens ordinary shares in issue is 251,353,562, the stockbroker said, based on the bank’s estimated earnings of $588.49 million, the earnings per share would be around $2.34. This translates into a price/earnings (PE) multiple of about 9.4 at the initial offer price.


and a 4.75% yield.

good investment methinks.

Something to consider being eeen in

prospectus/ application form available on fcb site


That's assuming that the board doesn't decide to reinvest profits. Whoever thinks that all profit will simply go into dividends is wrong


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snatman
 Post subject: Re: FCB IPO
PostPosted: Mon Jul 15, 2013 12:56 pm 
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paparazzi wrote:
snatman wrote:
Quote:
In the prospectus, First Citizens predicts that it will earn an after-tax profit of $588.49 million for the 12-month period ending September 30, 2013. Given that the total number of First Citizens ordinary shares in issue is 251,353,562, the stockbroker said, based on the bank’s estimated earnings of $588.49 million, the earnings per share would be around $2.34. This translates into a price/earnings (PE) multiple of about 9.4 at the initial offer price.


and a 4.75% yield.

good investment methinks.

Something to consider being eeen in

prospectus/ application form available on fcb site


That's assuming that the board doesn't decide to reinvest profits. Whoever thinks that all profit will simply go into dividends is wrong

Prospectus says, 45-55% of profits will be paid out


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pugboy
 Post subject: Re: FCB IPO
PostPosted: Mon Jul 15, 2013 4:56 pm 
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just remember a fish vendor fish always fresh
don't invest what you can't afford to lose


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ray d saint
 Post subject: Re: FCB IPO
PostPosted: Tue Jul 16, 2013 7:44 am 
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Location: Don't let the name fool you, jus go with it!!
• Retirees are considered as employees in allotment
• 45%-55% of PAT dividend payout ratio. FCBAS has indicated a 4.56% yield
• FC will be paying dividends semiannually. Half year dividend will be declared after IPO
• Important dates - Aug 9th – offer closes (can be extended to the 12th dependent on Eid)
Aug 30th – Allocation confirmation (latest possible date) and refunds to clients via ACH
Sept 16th – Listing on stock exchange (can be sooner)
• Only Trinidad and Tobago NATIONALS are eligible (not citizens). Birth certificate MUST accompany all DP and/or National ID used for identification in the application. Trinidad and Tobago passports can be used without birth certificate
• Client MUST have a local savings/chequing account (Foreign nationals must have local bank account)
• Companies registered in Trinidad and Tobago qualify (even if the owner is not a T&T national)
• Multiple applications will be discarded
• Bank statement is required
• Clients can apply through FC banks but must walk with recent TTCD statement
• Source of Funds –brokers should collate funds and send one cheque per batch to FCBAS, only one SOF will be required (collecting individual SOFs from clients is the broker’s responsibility). For cheques addressed to FCBAS (called “walk in” clients) then SOF is required with each cheque over TT$90,000
• Brokers are to send one cheque per batch. The exception being “walk-in” clients that have cheques addressed to FCBAS, these should be batched together.
• Allocation is pro-rated within each category with a minimum allotment of 50 shares
• Staff can buy a maximum of 5,000 shares at the preferential price but any amount greater than 5,000 will have to be bought at $22.
• No limit on how many shares a client can bid for


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spranga
 Post subject: Re: FCB IPO
PostPosted: Tue Jul 16, 2013 11:47 am 
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Is there anyway to purchase shares without a stock broker?


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ray d saint
 Post subject: Re: FCB IPO
PostPosted: Tue Jul 16, 2013 12:53 pm 
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^^ u need to have an account with a stockbroker to 'hold' the shares on your behalf.... No, there is no way to apply for the shares without one.


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Sumana.00
 Post subject: Re: FCB IPO
PostPosted: Tue Jul 16, 2013 7:45 pm 
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What are the docs to walk with? I think I remembered 2 forms ID, one bank statement, one bill with name, and the cheque addressed to whom?


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hottgirl
 Post subject: Re: FCB IPO
PostPosted: Wed Jul 17, 2013 9:35 am 
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by appointments only as the demand is so high.


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ray d saint
 Post subject: Re: FCB IPO
PostPosted: Wed Jul 17, 2013 9:51 am 
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MANAGERS Cheque payable to: First Citizens Brokerage And Advisory Services.

Documents to walk with:
- Passport.
or
- National Id AND Birth Paper.
or
- Drivers Permit AND Birth Paper.

- A Bank Statement/Utility Bill (to confirm address)

- Banking Information (for the purpose of dividend payments and refunds on the IPO)


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Sumana.00
 Post subject: Re: FCB IPO
PostPosted: Wed Jul 17, 2013 10:42 am 
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hottgirl wrote:
by appointments only as the demand is so high.


Which Stock broker is this?


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snatman
 Post subject: Re: FCB IPO
PostPosted: Wed Jul 17, 2013 10:49 am 
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hottgirl wrote:
by appointments only as the demand is so high.

? appointments where at?


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ray d saint
 Post subject: Re: FCB IPO
PostPosted: Wed Jul 17, 2013 11:07 am 
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Location: Don't let the name fool you, jus go with it!!
No Appointments...... walk in clients are accepted, once u have the necessary documentation...


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kl122
 Post subject: Re: FCB IPO
PostPosted: Wed Jul 17, 2013 8:11 pm 
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Guys make appointments it will save u a lot of time and frustration, first citizen investment services either maraval or lady hailes ave sando


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thelem
 Post subject: Re: FCB IPO
PostPosted: Wed Jul 17, 2013 8:15 pm 
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Someone called and said they heard in the news that buying price went up to $31. Anyone can confirm.

To me it's not making sense because the shares aren't on the market yet so it's not supposed to go up.


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assassin
 Post subject: Re: FCB IPO
PostPosted: Wed Jul 17, 2013 8:22 pm 
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^ The share price is $22

The News said it was estimated that the value of the shares is around $31 each


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thelem
 Post subject: Re: FCB IPO
PostPosted: Wed Jul 17, 2013 8:23 pm 
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Okay. So they basically estimated that the value went up already in a matter of days. Cool


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ray d saint
 Post subject: Re: FCB IPO
PostPosted: Thu Jul 18, 2013 7:10 am 
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^^ All that is 'tactic' to have the IPO over subscribed.... the price of a share in an IPO cannot raise or fall..... that can only happen when the shares are listed on the TTSE and Trading begins which is carded for on or before 06.09.13


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Sumana.00
 Post subject: Re: FCB IPO
PostPosted: Thu Jul 18, 2013 7:18 am 
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kl122 wrote:
Guys make appointments it will save u a lot of time and frustration, first citizen investment services either maraval or lady hailes ave sando


Yes but if you use a broker you don't need an appointment


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hottgirl
 Post subject: Re: FCB IPO
PostPosted: Thu Jul 18, 2013 8:38 am 
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snatman wrote:
hottgirl wrote:
by appointments only as the demand is so high.

? appointments where at?


FCIS Sando - Called on Monday and was given an appointment to come in next Wed.


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snatman
 Post subject: Re: FCB IPO
PostPosted: Thu Jul 18, 2013 8:49 am 
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hottgirl wrote:
snatman wrote:
hottgirl wrote:
by appointments only as the demand is so high.

? appointments where at?


FCIS Sando - Called on Monday and was given an appointment to come in next Wed.

I should have asked
why for?

You can do this through any stock broker.


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assassin
 Post subject: Re: FCB IPO
PostPosted: Thu Jul 18, 2013 8:56 am 
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yes but is there a fee when using a broker other than FCIS???


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snatman
 Post subject: Re: FCB IPO
PostPosted: Thu Jul 18, 2013 8:57 am 
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assassin wrote:
yes but is there a fee when using a broker other than FCIS???

no fee


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hottgirl
 Post subject: Re: FCB IPO
PostPosted: Thu Jul 18, 2013 9:12 am 
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snatman wrote:
hottgirl wrote:
snatman wrote:
hottgirl wrote:
by appointments only as the demand is so high.

? appointments where at?


FCIS Sando - Called on Monday and was given an appointment to come in next Wed.

I should have asked
why for?

You can do this through any stock broker.


just personal preference and it makes my life simpler :)


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Redman
 Post subject: Re: FCB IPO
PostPosted: Thu Jul 18, 2013 9:39 am 
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Generally Intrinsic Value has no influence on the Market Price of a stock

So please take that $31 price with a pound of salt.


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ray d saint
 Post subject: Re: FCB IPO
PostPosted: Thu Jul 18, 2013 10:01 am 
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for an IPO - no fees are attached.... onlt time fees and commissions are charged is when u trade across the floor of the TTSE.


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snatman
 Post subject: Re: FCB IPO
PostPosted: Thu Jul 18, 2013 11:30 am 
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Redman wrote:
Generally Intrinsic Value has no influence on the Market Price of a stock

So please take that $31 price with a pound of salt.

indeed.

these days high dividend shares are booming though... wtf is with witco @ $118


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ray d saint
 Post subject: Re: FCB IPO
PostPosted: Thu Jul 18, 2013 11:42 am 
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WCO jus moved today to 118.00..... mainly is demand and supply influencing that price movement... together with the fact they are consistent in dividend payments, so everybody want witco...


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TrinbagoMan
 Post subject: Re: FCB IPO
PostPosted: Wed Jul 24, 2013 10:09 am 
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what is a decent amount of money to invest in this?


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