stockbull: happy posting

phemmie06: Please how can I operate a single chn with two broking firm, and what is the cost implication

foandt: Please sirs/mas kindly help me to solve this problem. My e dividend form was returned by Union registars that I should produce bankers confirmation of my signature, date the account was opened etc and my cscs statement. Meanwhile I had gone to my broker to send my signature specimen to all d registrars which had been done and I have a copy. I have been receiving e div from other registrars with this process except Union registrars. What do I do considering d cost and time. Thank u all

feelamong:

Chai!! You are a wicked man!

so becos of say you wan buy N2,000 worth of stocks you give your broker assignment to do!

Audacius:
If you don't watch your back in stocks, nobody does. That explains why some won't touch stocks with a long pole. It's too much work for them.

uuspace:


Normally you are supposed to submit your e-dividend form to the rgistrar.The e-dividend form should be endorsed by your bank confirming your signature.

These other information Union Registrar are asking you for e.g CSCS statemnt is strange.Are you sure the stock in question has not been sold.,because they should have a record of all the stocks you own that they have in their records.

Did you go to their office or you sent the form by proxy?

foandt:
Thanks, I submitted the form at AGM venue duly signed by my banker but yesterday I received a mail (Box) from Union Registrars returning my original e-dividend form plus their form requesting me to produce bankers confirmation and cscs statement.

foandt:
Thanks, I submitted the form at AGM venue duly signed by my banker but yesterday I received a mail (Box) from Union Registrars returning my original e-dividend form plus their form requesting me to produce bankers confirmation and cscs statement.

uuspace:


That explains it then.Assuming you went to their office yourself.You would have needed to give them a form of ID and the endorsed form by your bank.
Thanks, I appreciate ur contributions.
Their office is at Apapa ,guess you know

uuspace:


That explains it then.Assuming you went to their office yourself.You would have needed to give them a form of ID and the endorsed form by your bank.
Their office is at Apapa ,guess you know

jp130: plz if bonus share is creditted 2 ur scsc acct. Wud u b alerted by cscs alert?

feelamong:

Chai!! You are a wicked man!

so becos of say you wan buy N2,000 worth of stocks you give your broker assignment to do!

foandt: Please sirs/mas kindly help me to solve this problem. My e dividend form was returned by Union registars that I should produce bankers confirmation of my signature, date the account was opened etc and my cscs statement. Meanwhile I had gone to my broker to send my signature specimen to all d registrars which had been done and I have a copy. I have been receiving e div from other registrars with this process except Union registrars. What do I do considering d cost and time. Thank u all

Elai147:

What was the reason they gave for the returned form? They cannot just return your form and ask for CSCS statement and the rest. The common reason is usually when there are irregularities in your signature. If this is the case, they will ask you to provide bankers confirmation on your signature which usually includes the date the account was opened. This should be at no cost. I am not sure why they are requesting for your CSCS statement. It may be that they do not have your name/account in their register. When you purchase a stock from the secondary market, your stockbroker will usually send the processed transfer form which will serve as the source document. Some brokers delay in sending this document and some may not even send. I had a similar case where the processed transfer form was never sent to my registrars and at such they could not processed my E-dividend mandate. So please check to know if any of the above applies to your case.

Elai147:

What was the reason they gave for the returned form? They cannot just return your form and ask for CSCS statement and the rest. The common reason is usually when there are irregularities in your signature. If this is the case, they will ask you to provide bankers confirmation on your signature which usually includes the date the account was opened. This should be at no cost. I am not sure why they are requesting for your CSCS statement. It may be that they do not have your name/account in their register. When you purchase a stock from the secondary market, your stockbroker will usually send the processed transfer form which will serve as the source document. Some brokers delay in sending this document and some may not even send. I had a similar case where the processed transfer form was never sent to my registrars and at such they could not processed my E-dividend mandate. So please check to know if any of the above applies to your case.

kalan: Mostly stock administrative officers or news-casters this days, strategist all gone or quiet... the market is really supreme!

feelamong:

Chai!! You are a wicked man!

so becos of say you wan buy N2,000 worth of stocks you give your broker assignment to do!

feelamong:

Chai!! You are a wicked man!

so becos of say you wan buy N2,000 worth of stocks you give your broker assignment to do!

kalan: Mostly stock administrative officers or news-casters this days, strategist all gone or quiet... the market is really supreme!

SWG 1:
The market is swinging erratically, and unpredictable. close observations is the watchword.

foandt:
Whaoo! God bless you and your experience sir. You have opened my understanding cos the 1st e-dividend forms I processed around 2011 were not attended to by all registrars until when I went to then GT registrars last year that I was told to process my transfer form through my broker to cscs whereby by signature specimen will be confirmed to them. Again I ported from a broker to another around 2005 (using same CHN no) meanwhile my former broker was strict in signing transfer form while the latter was not (online) I later observed that my bonus issues were credited to the former account which I had closed, after much stress and letters to cscs I discovered that registrars have my signature specimen with the former and hence my account with them was credited. But while processing this e-dividend for the 2nd time, I took my time to visit my current broker to process my transfer forms through CSCS which the did and gave me a copy of the acknowledged copy @ CSCS, so with this I stated my 2nd trip of e-dividend and so far, I have been receiving direct credit into my savings account by most registrars except Union Registrars that sent a cover note to my e-div form requesting for "your signature specimen is not held in this office. Kindly get ....." and "your cscs statement is required". I will fulfill all their requirements next week. I hope pp will gain one thing or the other from what my oga has shared with us. Thank you all!

Elai147:



The current market situation is really serious. Close observation is really required so we are not caught unawares.

mercylicious:

Abeg Ella, what do u think? Why close observatn?
Meanwhile, I no see price list for nse website 2day.

ihedioramma: GO BACK TO YOUR BOX, if not there letter to them befor 6months past

veeco vee: i mailed uba registrar about the long awaited dividend warrant. But their reply was that it must clock 6months b4 they ll reissue another warrant. Did they purposely withold warrant with up to 5 figure amount? anyone in same shoe?

manie:


I will advice you to sign up for e-dividend, or better still if you are based in Lagos you can ask for your dividend warrants to be extracted.