Engr. Dannie Gee
Engr. Dannie Gee
May 29, 2025 at 06:30 AM
Last week, I asked members of the Alpha Investors Mentorship [AIM] community to buy/top up their Fidelity Bank stocks, and this was why...... Last week, Fidelity stocks suffered a little dip. No thanks to the news of the legal tussle that made the headlines. As expected, the market reacted, and the stocks dipped. While the general public was still panicking over the news, there was insiders' trading going on. The screenshot attached was one of them - that's a public disclosure of one of the bank's executive directors buying more shares of Fidelity Bank on May 23rd. Not just him alone. Most other Fidelity Bank executive directors [EDs] bought too, including their CEO, who bought over 360 million naira worth of the bank's stocks. This type of insiders' trading is aimed at boosting the confidence of investors in moments of panic. If a company's top executives are buying their own stocks in dips, this means they are super confident it will rebound. So whenever you see insiders trading like this when a stock is in dip, it is a signal for you to top up or buy, especially if it is a stock with strong fundamentals. There was no way a 14 billion naira lawsuit could send Fidelity Bank to bankruptcy. Fidelity Bank belongs to the SWOOT clan, and out of the almost 150 publicly listed companies in Nigeria, only about 18 of them are valued at 1 trillion naira - Fidelity Bank is one of them. Fidelity Bank is also one of the largest banks by assets valuation with an estimated asset worth of over 10 trillion naira. Within the first quarter of this year alone, they have recorded a profit before tax [PBT] of over 100 billion naira. Don't be like the masses who easily panic. Whenever a fundamentally strong stock is in a momentary dip coupled with some decent volume of insiders trading, that's most likely a good time for you to top up. Don't miss out on "Discount Sales". Hope this makes sense. *PS:* Unless you are a member of the Alpha Investors Mentorship [AIM] community, DON'T sneak up my DM asking whether you can still buy Fidelity Bank stock or not. Consult your stockbroker or enrol into the AIM community if you need expert guidance.
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