Cross section of capital market analysts have laud the recent growth recorded by FBN holdings Plc, which has reinforced earning and growth potential inherent in the holding company.
The analysts maintained that he holding company even at its current trading price, still has potential for over 200 per cent growth in a short term, as evident in the short term period of 20 months during which the company has returned 204 per cent to investors desirous of profit taking.
Jude Fejokwu of Dialecticafrica analyst, one of the analysts who have lauded the short- term returns on investments by FBN Holdings, noted that on May 4, 2016, his firm sent “an email with a link to the subject article on my blog.
I said that FBN Holdings (First Bank) will return at least 200% in two years (twenty-four months) or less from that date. My call has come to fruition”.
According to him, the article can be found as the featured post on his blog for reference and verification purposes.
Lauding performance of the bank, he said “On May 4, 2016, the price of FBN Holdings was N3.50; the price of FBN Holdings on January, 10, 2018 is N10.63. This is a 204% return. My call was achieved in twenty (20) months.”