The Next Edition
  • Home
  • About Us
  • News
  • Featured
  • Investigations
  • Foreign
  • Special Reports
  • Entertainment
  • Interviews
  • Advert Rate
No Result
View All Result
The Next Edition
No Result
View All Result
  • Home
  • About Us
  • News
  • Featured
  • Investigations
  • Foreign
  • Special Reports
  • Entertainment
  • Interviews
  • Advert Rate
Home Headline News

FBN Holdings task investors on firms with strong fundamentals ​

Next Edition by Next Edition
July 23, 2020
in Headline News
FBN Holdings task investors on firms with strong fundamentals ​
0
SHARES
2
VIEWS
Share on FacebookShare on TwitterShare on Whatsapp

FBN Holdings (FBNH) Plc has stressed the need for retail investors to invest in companies with strong fundamentals, sustainable growth and profitability to ensure enhanced returns on investment.​

FBNH Head, Investor Relations, Mr. Tolulope Olugbenro Oluwole, stated this at the Capital Market Correspondents Association of Nigeria (CAMCAN) virtual forum on Wednesday in Lagos.

You might also like

Natasha To Resume Senate Duty On Tuesday After Court Ruling

Gunmen Taunt Police In Video After Killing Officer In Imo Attack, Flash Stolen Rifles

Police Arrest Five For Oyo Kidnap, Recover ₦4.6m Ransom

Oluwole urged retail investors to go beyond speculation and  in stocks with strong fundameninvesttals, sound management and potentials for growth.

He said the COVID-19 pandemic and downturn in the stock market provide an opportunity for investors.

According to him, understanding to invest in good companies such as FBNH is key at this time for investors not to have their fingers burnt again.

Oluwole noted that there was an opportunity in any ​ market downturn, urging investors to key into the present opportunities in the equities market.

READ ALSO: FBN Holdings Wins World Finance Best Corporate Governance Award

“At this time of economic challenge, we have seen an increase in the domestic retail and institutional investors participation in the market,” he stated.

On the exit of foreign investors, Oluwole said they would soon find their way back to the market in a matter of time with strong business fundamentals.

In his presentation titled, ‘Financial media and engagement with Retail Investors’, he said there were a number of different investors with varied levels of interest in a company’s investment story.

He noted that while the majority of the audience have broadly similar requirements, there are subtle differences and it is critically important to ensure consistency in the messages to avoid misinterpretation.​

He described retail investors as non-professional market participants who generally invest smaller amounts than larger institutional investors.

He also noted that individual investors were thought to be less knowledgeable, less disciplined, less skillful, and prone to behavioral and emotional decisions, saying that despite their lack of knowledge, the retail investment space was enormous with individuals.

He added that knowing and understanding potential investors was very crucial when presenting the equity story and consider having a fair balance of investor type, saying that Investor Relations (IR) plays a pivotal role in providing detail about the health of an organization to a wide range of interested parties.

According to him, the information disseminated through IR not only projects the financial and operational strength of the organization, but also enables a two-way relationship between the Company and its stakeholders.

“The increase in stakeholder interest from optimal Investor Relations will ultimately result in an increase in the market value of the organization, as long as the company delivers on its operational performance, noting the environment.

“Company’s day-to-day interface include institutional and retail shareholders, bondholders, credit and equity analysts, the Exchange, and the financial media. The principal role is to manage interest from these audiences and ensure they are fully informed about the performance of the business as well as identifying potential issues to address proactively.

“Ultimately, the primary goal for IR is to improve the markets’ understanding of the company’s investment proposition, enhance investors’ confidence, attract capital, positively impact trading and reduce funding costs over the longer term,” said.

He added that the IR entails the ability to work closely with all areas of the business including: Finance, Risk Communications and various Operational teams.

​ “In FBNH, we have different type of investors and management has developed value in building capacities and highlighting the underlying investment proposition through channels to key stakeholders.

“We have got retail investors of about 50.9 per cent and institutional investors of about 31.8 per cent ​ and we engage in all inclusive retail engagement programme through timely information on our website, email to provide response in conjunction with the registrar, meetings with shareholders, among others,” he said.

Oluwole said​ that FBNH had embraced digital approach in reaching out to its retail investor in conjunction with its registrar, amid COVID-19 pandemic.

“We have moved things away from physical meeting to virtual meetings and we must always keep our communication line open to engage with our investors,” he said.

​He explained that the company in 2019, demonstrated management efficiency with NPL ratio of ​ about nine per cent.

He called on the Capital Market Correspondents to continue to ensure good understanding of businesses in the financial community and bridge any perceived gap between businesses and the retail investor.

Oluwole said the media need to work together to deepen understanding and bridge the knowledge gap with emphasis on the capital market.

Tags: FBN Holdings
Next Edition

Next Edition

Recommended For You

Senator Natasha Akpoti’s Macabre Dance in Brekete Family Radio

Natasha To Resume Senate Duty On Tuesday After Court Ruling

  The suspended senator representing Kogi Central, Natasha Akpoti-Uduaghan, has stated that she will resume legislative duties in the Senate on Tuesday following a court order directing her...

Gunmen Shoot FIRS Official Dead In Abuja

Gunmen Taunt Police In Video After Killing Officer In Imo Attack, Flash Stolen Rifles

  Gunmen suspected to be behind Sunday morning’s deadly attack on a police patrol team in Imo State have appeared in a video, boasting about the operation and...

New Police

Police Arrest Five For Oyo Kidnap, Recover ₦4.6m Ransom

  The Oyo State Police Command has arrested five suspects allegedly involved in the June 26 abduction of a man identified as Timothy in Mokorede, Ipapo, within the...

FG Puts Up Presidential Jet For Sale In Switzerland

FG Puts Up Presidential Jet For Sale In Switzerland

  The Federal Government has listed Nigeria’s 20-year-old Boeing Business Jet (BBJ), formerly used for presidential travel, for sale in Switzerland following its replacement by a newly acquired...

Next Post
Badagry Expressway, a “National Embarrassment” — Lagos lawmaker Cary

Badagry Expressway, a “National Embarrassment” — Lagos lawmaker Cary




Related News

Housekeeper, Accomplice Remanded For Allegedly Robbing Employer Of $14,000, Cell Phone

How Caregiver Raped His Boss’ Granddaughter – IPO Tells Court

COVID-19: NAFDAC Has Not Approved Any Vaccines — DG

COVID-19: NAFDAC Has Not Approved Any Vaccines — DG

Sudan’s COVID-19 Cases Rise To 237

Sudan’s COVID-19 Cases Rise To 237




The Next Edition

Office Address

3B, Agboola Aina street, Off Toyin Street,
Ikeja, Lagos.

Quick Contact Details

Phone:
08033018430
Whatsapp:
08051679910

Email:
advert@nextedition.com.ng
vicki.ibanga@gmail.com

Categories

  • Aviation
  • Beauty
  • Breaking News
  • Business
  • Columnists
  • Editorial
  • Entertainment
  • Fashion
  • Featured
  • Football
  • Foreign
  • Headline News
  • Home & Garden
  • Interviews
  • Investigations
  • North Central
  • North East
  • North West
  • Opinion
  • Parenting
  • Politics
  • Relationships
  • South East
  • South West
  • South-South
  • Special Reports
  • Sports
  • Top News
  • Vox Pops

© Next Edition Business Development Limited

  • About Us
  • Advert Rate
  • Contact Us
  • Privacy Policy
  • Terms of Use
No Result
View All Result
  • Home
  • About Us
  • News
  • Featured
  • Investigations
  • Foreign
  • Special Reports
  • Entertainment
  • Interviews
  • Advert Rate

© Next Edition Business Development Limited