The share price of fidelity bank has been placed on technical suspension following an application by the bank to NSE to raise fresh funds from the capital market.

Fidelity Bank is a merger of the old Fidelity Bank, FSB International Bank Plc and Manny Bank Plc.

What do you guys feel about Fidelity bank offer?

Let’s share thoughts

Not much is known about this Fidelity peeps.

yep,nothing much i know too.But i think its gonna be good anyway u see it cos the rally for stocks such as it in the same price band will push its price up to about N25.thats ok for short to medium term.just buy and sell soon,

There may be a rally after the suspension, but by how much, with the low EPS, high PE, low dividend yield compared to other banks, it's bound to loose steam fairly quickly, but, if an exceptional result that beats all projections is released, then price can rally to as much as N20 in the short term.