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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.
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
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
hottgirl wrote:by appointments only as the demand is so high.
hottgirl wrote:by appointments only as the demand is so high.
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
snatman wrote:hottgirl wrote:by appointments only as the demand is so high.
? appointments where at?
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.
assassin wrote:yes but is there a fee when using a broker other than FCIS???
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.
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.
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