Whats going on

Believe it or not the fair market price of Access Bank is between N20 & N23.

It would have been N25 to N27(as been projected by most analyst) had it not issued a 1 for 4 bonus midway into its technical suspension period.

When they issued the bonus at the technical suspension price of 19.32 its fair market price was around N23 hence it was marked down to N18.92 which it remained till the IPO was over.This mark down was done middle of July which means that as at mid-July its fair market price was N18.92.

So can you see reasons why the fair market price is currently between N20 & N23.This also can be attributed to the bearish returns currently being experinced in the market.

So I can state here that Access Bank is currently trading at it fair market price.It might not rise beyond N24 within this short period of time.

But hey! Investment is a long-term thing any ways so relax no cause for alarm.I also bought heavily if you must know.So we are in the same ship.

Syenite:

Believe it or not the fair market price of Access Bank is between N20 & N23.

It would have been N25 to N27(as been projected by most analyst) had it not issued a 1 for 4 bonus midway into its technical suspension period.

When they issued the bonus at the technical suspension price of 19.32 its fair market price was around N23 hence it was marked down to N18.92 which it remained till the IPO was over.This mark down was done middle of July which means that as at mid-July its fair market price was N18.92.

So can you see reasons why the fair market price is currently between N20 & N23.This also can be attributed to the bearish returns currently being experinced in the market.

So I can state here that Access Bank is currently trading at it fair market price.It might not rise beyond N24 within this short period of time.

But hey! Investment is a long-term thing any ways so relax no cause for alarm.I also bought heavily if you must know.So we are in the same ship.

Access issued a 1 for 4 bonus?
Nada.
Access has never given bonus before, ever before.
even the dividends they paid this year was the first time i can recall Access paying dividends in a long time

I bought heavily into this stock before stumbling on this site. My investment goals are really for the long term but the losses for the past two days have been a concern. Could this just be that it may not grow higher or will it go below the 14.98 as investors starts cashing in?
@Wanaj0, abeg, e b like say u no this thing so much that I have started to compile all ur analysis into a book, will publish it one day may be! But on a serious note, what do u really think?

.

Temmie 10,
I guess you have to make some inqueries.

Rushnovski,
Do not panic at least you bought at N14.90K.The bearish market is also telling on Access Bank just like other blue chips.With time investors will have cause to smile again.