ernie4life:


Yes, withholding tax is applicable to Fidson.

Not much difference considering we are also deploying the funds to infrastructure project to aid bridge the infrastructure challenges we face as country, however, we are consciously avoiding investment in oil and gas projects.

In light of the current high-yield environment, we are aiming for a return of 23% to 24% which represents the yield on a 10 years FGN bond plus 4 percent.

Our coupon payments will be distributed on a semi-annual basis, and we intend to list the fund on both the NGX and FMDQ exchanges.”

Thank you for your reply. Any CP without WHT in the pipeline. I want something better or at least commensurate with the present CP rate considering the risk involved.

freeman67:


Thank you for your reply. Any CP without WHT in the pipeline. I want something better or at least commensurate with the present CP rate considering the risk involved.

None that am aware but when it's available, I will ensure I share on this thread

ernie4life:



None that am aware but when it's available, I will ensure I share on this thread

Ok, Thanks.

So I heard DLM is net and will close tomorrow

ernie4life:
So I heard DLM is net and will close tomorrow

Wow..Thanks. I tried contacting FBNQUEST and DLM itself about but I didn't get any reply from them and I don't like to do anything of that nature with Afrinvest again.

freeman67:


Wow..Thanks. I tried contacting FBNQUEST and DLM itself about but I didn't get any reply from them and I don't like to do anything of that nature with Afrinvest again.

Please help a brother, why are you avoiding Afrinvest?

RayRay06677:


Please help a brother, why are you avoiding Afrinvest?

Nothing serious sha.

First of all, I did a termed investment with them recently, it matured and my money was not paid complete as stated it was stated on the terms. It was short though for an insignificant amount but that was the first time I have experienced that. They was not reason at all to do that. I complained and there was not tangible response.


Secondly, arbitrary charges on CP'S. I have done several CP's with different firms. The cost of CP is to borne by the issuer just like Primary Market TB and FGN Bond. However, with them it doesn't suffice. They will charge the customer and him they are just stock brokers.

freeman67:


Nothing serious sha.

First of all, I did a termed investment with them recently, it matured and my money was not paid complete as stated it was stated on the terms. It was short though for an insignificant amount but that was the first time I have experienced that. They was not reason at all to do that. I complained and there was not tangible response.


Secondly, arbitrary charges on CP'S. I have done several CP's with different firms. The cost of CP is to borne by the issuer just like Primary Market TB and FGN Bond. However, with them it doesn't suffice. They will charge the customer and him they are just stock brokers.

Thanks boss

ernie4life:
So I heard DLM is net and will close tomorrow

Good day @ernie4life I greet you. Abeg, how far with the just announced Coronation MB CP, Is it net?

They sent out a higher rate for 270 days and later readjusted it. Why na?

freeman67:


Good day @ernie4life I greet you. Abeg, how far with the just announced Coronation MB CP, Is it net?

They sent out a higher rate for 270 days and later readjusted it. Why na?

Good day bro,

it's gross,

The first discount rate was not accurate so it was corrected.

ernie4life:



Good day bro,

it's gross,

The first discount rate was not accurate so it was corrected.

Ok. Thanks, I appreciate.

Now Open and its net.

Good investment.

Do your due diligence!

ernie4life:
Now Open and its net.

Good investment.

Do your due diligence!

Correct.

Another week another offer.