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snatman
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FCB IPO

Postby snatman » July 15th, 2013, 12:09 pm

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
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Re: FCB IPO

Postby ray d saint » July 15th, 2013, 12:16 pm

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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Re: FCB IPO

Postby paparazzi » July 15th, 2013, 12:51 pm

snatman wrote:
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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Re: FCB IPO

Postby snatman » July 15th, 2013, 12:56 pm

paparazzi wrote:
snatman wrote:
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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Re: FCB IPO

Postby pugboy » July 15th, 2013, 4:56 pm

just remember a fish vendor fish always fresh
don't invest what you can't afford to lose

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Re: FCB IPO

Postby ray d saint » July 16th, 2013, 7:44 am

• 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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Re: FCB IPO

Postby spranga » July 16th, 2013, 11:47 am

Is there anyway to purchase shares without a stock broker?

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Re: FCB IPO

Postby ray d saint » July 16th, 2013, 12:53 pm

^^ 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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Re: FCB IPO

Postby Sumana.00 » July 16th, 2013, 7:45 pm

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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Re: FCB IPO

Postby hottgirl » July 17th, 2013, 9:35 am

by appointments only as the demand is so high.

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Re: FCB IPO

Postby ray d saint » July 17th, 2013, 9:51 am

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
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Re: FCB IPO

Postby Sumana.00 » July 17th, 2013, 10:42 am

hottgirl wrote:by appointments only as the demand is so high.


Which Stock broker is this?

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Re: FCB IPO

Postby snatman » July 17th, 2013, 10:49 am

hottgirl wrote:by appointments only as the demand is so high.

? appointments where at?

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Re: FCB IPO

Postby ray d saint » July 17th, 2013, 11:07 am

No Appointments...... walk in clients are accepted, once u have the necessary documentation...

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Re: FCB IPO

Postby kl122 » July 17th, 2013, 8:11 pm

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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Re: FCB IPO

Postby assassin » July 17th, 2013, 8:22 pm

^ 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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Re: FCB IPO

Postby ray d saint » July 18th, 2013, 7:10 am

^^ 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
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Re: FCB IPO

Postby Sumana.00 » July 18th, 2013, 7:18 am

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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Re: FCB IPO

Postby hottgirl » July 18th, 2013, 8:38 am

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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Re: FCB IPO

Postby snatman » July 18th, 2013, 8:49 am

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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Re: FCB IPO

Postby assassin » July 18th, 2013, 8:56 am

yes but is there a fee when using a broker other than FCIS???

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snatman
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Re: FCB IPO

Postby snatman » July 18th, 2013, 8:57 am

assassin wrote:yes but is there a fee when using a broker other than FCIS???

no fee

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hottgirl
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Re: FCB IPO

Postby hottgirl » July 18th, 2013, 9:12 am

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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Re: FCB IPO

Postby Redman » July 18th, 2013, 9:39 am

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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Re: FCB IPO

Postby ray d saint » July 18th, 2013, 10:01 am

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
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Re: FCB IPO

Postby snatman » July 18th, 2013, 11:30 am

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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Re: FCB IPO

Postby ray d saint » July 18th, 2013, 11:42 am

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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Re: FCB IPO

Postby TrinbagoMan » July 24th, 2013, 10:09 am

what is a decent amount of money to invest in this?

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ray d saint
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Re: FCB IPO

Postby ray d saint » July 24th, 2013, 10:21 am

^^ that depends on your outlook.... weather it is long term or short term???

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Re: FCB IPO

Postby TrinbagoMan » July 24th, 2013, 11:02 am

short term?

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