Bigass has been beared. A polar bear invaded my storehouse and attacked all my farm produce. When i entered my storehouse, there was blood everywhere so i suspect the presence of an evilspirit. Currently seeking this face of the Lord. The lord told me there would be more blood but have no fear because.......Hmmmmm.

Subscribed to this thread.
Not conversant with the Nigerian Stock Market
Is there any broker or research house that has live chart feeds of the Nigerian Stock Market?

@Biggie

Abeg which hemisphere you dey wey polar bear attack you ni?

UBA Plc

http://www.nse.com.ng/Financial_NewsDocs/7671_UBA_PLC_Q3_SEPT_2014_FINANCIAL_STATEMENTS_OCTOBER_2014.pdf

stokfrick:
pls can yem0350 or or any one here pls give me the phone no. or email adress of the CEO of morgan capital group? pls i'll like ur response urgently cos they just removed a large amount of money from my account. i contacted their staff and as usual with their poor customer service instead of talking to me directly they opted for mailing me as against my wish. when i tried the number severally immediately after they gave me the mail option, the number refused to go tru.pls help me i suspect some fornm of fraud here!

Hello Stockfrick.

The reason we prefer to respond via email is so that we have proper documentation of the trend of events especially when is concerns customer queries. This makes it possible for any member of the team to pick unresolved customer queries and follow through seamlessly. It is also best to ensure that information to customers are sent via email so that it takes out the miscommunication that may arise through voice communication where individual interpretation to issues may take precedence over the facts.

Finally, it is also a means of checking members of the MorganCapital team to ensure the highest level of professionalism in the discharge of their duties.

That said, The issue was a posting error from our accounts unit while treating your cash withdrawal instruction and was discovered during our inhouse account audit which happens from time to time. The reversal was not a withdrawal from your account but a correction of the error posting made on the account while executing your mandate.

MorganCapital has a zero tolerance for fraud in our transactions with our clients and the visibility and enhanced transparency that our iTrade platform gives to trading clients as well as our reduced brokerage fee is ample testament to our honesty and professionalism.

We apologise for the inconvenience the reversal may have caused you (considering that our market has been bearish for some time now which has made us all edgy). However we think that the exaggerated posting that a large amount was removed from your account is unnecessary and misleading considering that a member of our team spoke to you at various times explaining what actually happened even shortly before your posting.

Thank you for choosing MorganCapital Securities.

.

MorganCapital:

Hello Stockfrick.
The reason we prefer to respond via email is so that we have proper documentation of the trend of events especially when is concerns customer queries. This makes it possible for any member of the team to pick unresolved customer queries and follow through seamlessly. It is also best to ensure that information to customers are sent via email so that it takes out the miscommunication that may arise through voice communication where individual interpretation to issues may take precedence over the facts.
Finally, it is also a means of checking members of the MorganCapital team to ensure the highest level of professionalism in the discharge of their duties.
That said, The issue was a posting error from our accounts unit while treating your cash withdrawal instruction and was discovered during our inhouse account audit which happens from time to time. The reversal was not a withdrawal from your account but a correction of the error posting made on the account while executing your mandate.
MorganCapital has a zero tolerance for fraud in our transactions with our clients and the visibility and enhanced transparency that our iTrade platform gives to trading clients as well as our reduced brokerage fee is ample testament to our honesty and professionalism.
We apologise for the inconvenience the reversal may have caused you (considering that our market has been bearish for some time now which has made us all edgy). However we think that the exaggerated posting that a large amount was removed from your account is unnecessary and misleading considering that a member of our team spoke to you at various times explaining what actually happened even shortly before your posting.
Thank you for choosing MorganCapital Securities.

Good response.

@morgan. In future maybe it might be best to contact the customer before such action is taken on his account even if it is by email.

MorganCapital:



Hello Stockfrick.

The reason we prefer to respond via email is so that we have proper documentation of the trend of events especially when is concerns customer queries. This makes it possible for any member of the team to pick unresolved customer queries and follow through seamlessly. It is also best to ensure that information to customers are sent via email so that it takes out the miscommunication that may arise through voice communication where individual interpretation to issues may take precedence over the facts.

Finally, it is also a means of checking members of the MorganCapital team to ensure the highest level of professionalism in the discharge of their duties.

That said, The issue was a posting error from our accounts unit while treating your cash withdrawal instruction and was discovered during our inhouse account audit which happens from time to time. The reversal was not a withdrawal from your account but a correction of the error posting made on the account while executing your mandate.

MorganCapital has a zero tolerance for fraud in our transactions with our clients and the visibility and enhanced transparency that our iTrade platform gives to trading clients as well as our reduced brokerage fee is ample testament to our honesty and professionalism.

We apologise for the inconvenience the reversal may have caused you (considering that our market has been bearish for some time now which has made us all edgy). However we think that the exaggerated posting that a large amount was removed from your account is unnecessary and misleading considering that a member of our team spoke to you at various times explaining what actually happened even shortly before your posting.

Thank you for choosing MorganCapital Securities.

Why is Vincent still listed as one of your staff on your website.

Vincent Omoamilor B.Sc Analyst, Investment Banking Group/Stockbroker

An Investment Professional, with experience in General administration and Human Resources, has an entrepreneurial Spirit and Value added vision.

He holds a B.Sc. (Ed) Economics, from Ambrose Alli University, Ekpoma., A Chartered Stockbroker/An Authorized Dealing Clerk in the Nigerian Stock Exchange.Before joining MorganCapital Group, He has worked with Mc - Dek Nigeria Ltd as a Field/Admin Manager between 2010 - 2012, Golden Securities Ltd, as Management Trainee in 2013.
- See more at: http://www.morgancapitalgroup.com/key_management.php#sthash.GLcTcPXC.dpuf

.

carpenter:


Good response.

@morgan. In future maybe it might be best to contact the customer before such action is taken on his account even if it is by email.

@ capenter, tnx 4 ur comment. u expressed my point exactly! such adjustments involving one's fund deductions shld be brought to his notice promptly b/4 embarking on it! and not coming as suprise.

stokfrick:

@ capenter, tnx 4 ur comment. u expressed my point exactly! such adjustments involving one's fund deductions shld be brought to his notice promptly b/4 embarking on it! and not coming as suprise.

But you actually exaggerated the whole thing. They have apologised and it would be best for you to do the same and maybe take down your comments. All is fair in Love and War!

The Surprising New Math of Acquisition of Banks in Nigeria – The Skye Bank Case

http://www.proshareng.com/news/24775

bigass:
Bigass has been beared. A polar bear invaded my storehouse and attacked all my farm produce. When i entered my storehouse, there was blood everywhere so i suspect the presence of an evilspirit. Currently seeking this face of the Lord. The lord told me there would be more blood but have no fear because.......Hmmmmm.

Season 8 is coming,thats when the granddaddy of the bears will take the stage,after her song and dance,
opportunities will become available to only those with cash

Whoever is behind morgan's handle today posted like a professional representing a corporate entity. keep it up. Plz tell ur account depts not to be making mistakes again. .
Nice one.

Pls oooo.....am new to stock exchange#newbie.......and i will like you guyz to put me through..............pls take good care of me

davide470:
But you actually exaggerated the whole thing. They have apologised and it would be best for you to do the same and maybe take down your comments. All is fair in Love and War!

Apologising doesn't take away the fact that this would not have happened if

1. They didn't make a mistake
2. Correct a mistake with another mistake(my opinion).

Don't get me wrong, I think from all I have read on this site Morgan does a great job and I would gladly recommend them to anyone even though I use Cowry Assets. Issues around money have to be taken seriously and if blowing it out of proportion is what gets the job done, then so be it.

I prefer to resolve issues via emails as it shows a trend...unfortunately, some companies have so many people managing the service desk and there is a disconnect between its members. If a customer wants to talk, then he wants to talk...write it down and solve his problem. You can send him a detailed email of agreements and ask him to reply to that email.

This is naija...I don't play with my money and I would not play with anyone's.

shoyemiayodeji:
Pls oooo.....am new to stock exchange#newbie.......and i will like you guyz to put me through..............pls take good care of me

Ogbeni park first....I think you're mixing things up. Your sign-off says INCREDIBLE CHEF.

Who should be taking care of who biko?

Na wah really.

@Passwell; I see ur hand o as una ban me for saying boys are now smiling

@APR Q3; 40kobo dividend don land be that

http://businessdayonline.com/2014/10/african-forex-naira-seen-under-pressure-next-week/#.VEtcxV2t-o8

This mean..........by next week we may see some better bargains to do Vivo.Devaluation of naira is a threat to foreign porfolio investors cos if they exchanged at #163/164 to a dollar and if suddenly naira turns #168 that is currency loss of #4 for some fpi and that's why they are very concerned about currency stability.

Agbalowomeri:
@Passwell; I see ur hand o as una ban me for saying boys are now smiling
@APR Q3; 40kobo dividend don land be that

My Oga, na me dey even plead on your behalf.
@ APR Q3: I was hoping people go just see the supposed drop in EPS, and sell. Apparently boys are quite thorough. Lets see how the dailies report it next week sha .

this UBA result is nothing to write home about

Aks:
this UBA result is nothing to write home about

Add that to the impending rights issue and voila you can almost predict where it is headed

feelamong:
UBA Plc

http://www.nse.com.ng/Financial_NewsDocs/7671_UBA_PLC_Q3_SEPT_2014_FINANCIAL_STATEMENTS_OCTOBER_2014.pdf

Can someone pls explain how the N1.43 EPS was arrived at? Seems EPS= PAT/OS no longer holds or the OS can now be varied at will. Ditto GT Bank eps.

kotlass:

Can someone pls explain how the N1.43 EPS was arrived at? Seems EPS= PAT/OS no longer holds or the OS can now be varied at will. Ditto GT Bank eps.

Its been annualized already... The N1.43k is the forward projected annualized eps for 2014 nit the q3 eps...

kotlass:

Can someone pls explain how the N1.43 EPS was arrived at? Seems EPS= PAT/OS no longer holds or the OS can now be varied at will. Ditto GT Bank eps.

The EPS is 99kobo, Proshare was generous to give them 102kobo. In a bid to make the result attractive, they annualised the EPS. Even at that, the annualised EPS due to the owners should be 1.33 and not the reported 1.43.

@DrAwo and Omaojo1; many thanks. Not much to look forward to.

immanuello:
http://businessdayonline.com/2014/10/african-forex-naira-seen-under-pressure-next-week/#.VEtcxV2t-o8

This mean..........by next week we may see some better bargains to do Vivo.Devaluation of naira is a threat to foreign porfolio investors cos if they exchanged at #163/164 to a dollar and if suddenly naira turns #168 that is currency loss of #4 for some fpi and that's why they are very concerned about currency stability.

Judging from the Comments made by key persons at CBN, I do not think they favour the devaluation of the naira.I want to believe that they will continue to defend the naira for as long as they can with the reserves. I think they will nip the decline in the bud from the interest rate side of things by increasing it by a few basis points to keep the $$ in the system.The might also increase CRR for private sector funds. All this might just hold fort in the interim till after elections.

omaojo1:


The EPS is 99kobo, Proshare was generous to give them 102kobo. In a bid to make the result attractive, they annualised the EPS. Even at that, the annualised EPS due to the owners should be 1.33 and not the reported 1.43.

UBA and its creative accounting, All I can say is that the cowboy(uncle T)is back.

DrAwo:


Its been annualized already... The N1.43k is the forward projected annualized eps for 2014 nit the q3 eps...

@ Awo, i missed u ooo.
plz dont stay away from this forum for long.
.
@all, this was d guy dt gave me my first mil from nse via nascon after unity bank wanted to send me to the village.

passwelle:

Add that to the impending rights issue and voila you can almost predict where it is headed

i hope we now know why d share price of UBA has been falling for a while.

hbrednic:


Season 8 is coming,thats when the granddaddy of the bears will take the stage,after her song and dance,
opportunities will become available to only those with cash

i hope ur other handle is not evilspirit?
Why are u invoking the grand daddy of the bears? Anyway,the mkt has a mind of its own.
@Moneysage n all d ta guys in d house, do u see d grand daddy in d chart?