WEALTHNG! WEALTHNG!!

Run! Run! Run!!

Imagine Wealthng platform billing me 10% to buy shares....What?!.

Na to Ben Johnson sharparly.

Out of curiosity, should stockbrokers charge up to that?

Shouldn't this charges be regulated within reasonable range?

Are there other brokers that charge this much?

ExcessKJ:
Good evening, everyone

Please, have a look at this ABC forecast for the 2024 Q2

Why is Marketing and administrative expenses in bracket - which implies negatives same with interest payable, operating activities cash flows. Is this to imply the company has no money of income finance this aspect of the forecast in brackets

Please 🙏 your clarification will be very appreciated. Thank you

Expenditure or money spent by companies are put in bracket on their financial statements. Marketing and admin expenses are monies spent in the course of business for the quarter. Numbers in bracket could also means a losses incured during the period under review while Income don't have bracket.

You can check investopedia on what elements make up an income statement. Many other items can be put in bracket in a financial statement.

debeey87:


Expenditure or money spent by companies are put in bracket on their financial statements. Marketing and admin expenses are monies spent in the course of business for the quarter. Numbers in bracket could also means a losses incured during the period under review while Income don't have bracket.

You can check investopedia on what elements make up an income statement. Many other items can be put in bracket in a financial statement.

Thank you very much. I previously believed only losses are put in brackets. Thanks again

Locotrader:


If you know the secret and powers behind outstanding shares, you will consider it first in your stock investments.

Check Juli outstanding shares and their shareholding structure and also check Neimeth. You will know the reason though both are loss making companies

JULI 200MILLION SHARES O

NEIMETH. 4.2BILLION SHARES O

I see, so even the Juli is scarce otherwise offer for full market at this price

SonofElElyonRet:


One loss making company is appreciating exponentially... isn't that abracadabra

FTN COCOA was loss making when it did more than 1000% appreciation last year

Juli might get something in the bag coupled with unavailability of the share as a result of very low OS. Just like SMART PLC, you can never get it inside this market if you like que from now till kingdom come

AN INVESTMENT LESSON FROM THE SPIDERWEBS:
WHAT IS THE DIFFERENCE BETWEEN A POOR AND A WEALTHY HARDWORKING PERSON?
IT IS ALL ABOUT MONEY.
Money is abundant. Money is EVERYWHERE!
The government has money, the banks have money, schools have money, restaurants have money, students have money, there is money everywhere in the World.
You have money, your friends have money!
The rich have money, the poor have money!
Money is EVERYWHERE and always moving. Money is “flying” all around us, ALL the time, 24 hours a day — everyday, 365 days a year.

The difference is in HOW they ‘catch’ money.
Poor, hardworking people invest their limited working hours ‘chasing’ money, while the wealthy, hardworking people will invest the same amount of limited working hours building an asset that will “catch” money for them.
For example, spiders will NEVER work hard chasing flying insects to make a living. Instead, they will work hard building a spiderwebs that will catch abundant flying insects for them.

Copied and pasted

MARKETJJC:



FTN COCOA was loss making when it did more than 1000% appreciation last year

Juli might get something in the bag coupled with unavailability of the share as a result of very low OS. Just like SMART PLC, you can never get it inside this market if you like que from now till kingdom come

FTN too na abracadabra nah

SonofElElyonRet:


FTN too na abracadabra nah

And still made a lot of people millionaires and still feeding some people at this point

BuchyD:
WEALTHNG! WEALTHNG!!

Run! Run! Run!!

Imagine Wealthng platform billing me 10% to buy shares....What?!.

Na to Ben Johnson sharparly.

Out of curiosity, should stockbrokers charge up to that?

Shouldn't this charges be regulated within reasonable range?

Are there other brokers that charge this much?

Those guys are devils.

Zero customer service.

Late remittance of dividends.

Your shares with them is not linked to your CSCS account.

And you can't transfer to other Stoke brokers.

FLEE

Please 🙏 I have a question

How can I know when (what times/dates in a year) companies listed on the NSE are to release their quarterly or yearly financial reports - prior to releasing the info.

Perhaps, there are no NSE stipulated time of the year listed company are to release their reports 3 or 4 times per year

Please, what is the rules of NSE & SEC, within a period of how many days pre or post fiscal quarters in a year must companies release their financial reports

Please, what is a fiscal quarter according to NSE (from when to when in a year)

Thanks in anticipation

Streetinvestor2:

Na 50 : 50 as per the French on that notice .what ever comes out could mean south or north for the shares of the company

Let's do a little bit of deductive reasoning shall we? Why would ellah lakes restrict only insiders from trading during the period commencing 20th March till 24 hours after release of the information? Since trading continues on the floor (there was trading friday 22nd march) and remains open to the general public, it follows that the closure/restriction seems to apply only to insiders and those related / connected to them... why so if not that they stand a chance to use such info to make money via insider trading
Just engaging in some deductive reasoning... what kind of info would be able to make insiders money if not positive info? Not financial advice... just my humble self doing some D.A. (deductive analysis)

Which FGN Bond is better to buy now or going forward and please a few reasons - I know this is not Bond section. EmmanuelEwumi and others... please your comments will be helpful. Due diligence is for me to do. Thank you all.

Picky1:
Which FGN Bond is better to buy now or going forward and please a few reasons - I know this is not Bond section. EmmanuelEwumi and others... please your comments will be helpful. Due diligence is for me to do. Thank you all.

This was sent to me on Friday 22nd March 2024.
You can choose any of them

Please, shares in Nigeria that pay dividends??

Anyone knows?

SonofElElyonRet:
Why would ellah lakes restrict only insiders from trading during the period commencing 20th March till 24 hours after release of the information? Since trading continues on the floor (there was trading friday 22nd march) and remains open to the general public......

There are rules and regulations that guides every aspect of the operations of the NGX......as contained in the 2015 Rule Book of the NGX.

However, there were amendments to some of the rules in January 2018.
So, when going thru the Rulebook, also bear in mind that some amendments were made to some sections of the book.

In the case of Insider restrictions, kindly note that it applies to all listed Companies on NGX and in their closed period notifications, they always reference Rule 17:15 or 17.18 as the case may be.
You may do well to check out Rule 17 of the Rulebook.

yMcy56:

There are rules and regulations that guides every aspect of the operations of the NGX......as contained in the 2015 Rule Book of the NGX.

However, there were amendments to some of the rules in January 2018.
So, when going thru the Rulebook, also bear in mind that some amendments were made to some sections of the book.

In the case of Insider restrictions, kindly note that it applies to all listed Companies on NGX and in their closed period notifications, they always reference Rule 17:15 or 17.18 as the case may be.
You may do well to check out Rule 17 of the Rulebook.

I have been contemplating whether to reply him but thank God you did.

For Ellah lakes, it still has one more year to go before we can begin to analyse it as a stock to buy.

emmanuelewumi:



This was sent to me on Friday 22nd March 2024.
You can choose any of them

Thank you Bros! Please looking at the JUN 2038 and JAN 2042 which will you invest on and why?
Not trying to derail the thread.....
Note: Also good ideas are welcome from members!
Too many calculations....to find kudi no easy o

ExcessKJ:
Please 🙏 I have a question ...

* How can I know when (what times/dates in a year) companies listed on the NSE are to release their quarterly or yearly financial reports -
** ANS: Depends on each Company's Financial Year End (FYE)....majority however have December 31 as the FYE**

* Perhaps, there are no NSE stipulated time of the year listed company are to release their reports 3 or 4 times per year
** ANS: We have 4 quarters in a year.......Jan-Mar; Apr-Jun; Jul-Sep; Oct-Dec........each company is expected to release results 4X a year with one out of the 4 being the FYE report....there are rules guiding this.....Rule 7.4/7.5 or so; and we have rules guiding operations of NGX**

* Please, what is the rules of NSE & SEC, within a period of how many days pre or post fiscal quarters in a year must companies release their financial reports
** ANS: Amendments to rule 7.4
- UNAUDITED within 30days and AUDITED within 90 days
- AUDITED (without submission of UNAUDITED) within 60 days
- For inability to submit within stipulated days, notification must be sent earlier to NGX, failure of which may attract penalty/fines/Suspension as the case may be**

* Please, what is a fiscal quarter according to NSE (from when to when in a year):
** ANS: Periods of 3mths in a year.......4 fiscal quarters per annum

ExcessKJ:
Please 🙏 I have a question

How can I know when (what times/dates in a year) companies listed on the NSE are to release their quarterly or yearly financial reports - prior to releasing the info.

Perhaps, there are no NSE stipulated time of the year listed company are to release their reports 3 or 4 times per year

Please, what is the rules of NSE & SEC, within a period of how many days pre or post fiscal quarters in a year must companies release their financial reports

Please, what is a fiscal quarter according to NSE (from when to when in a year)

Thanks in anticipation

There are 4 quarters (3 months each) in a year and the company determines the structure; the most popular being Q1(Jan-Mar), Q2(Apr-Jun), Q3(Jul-Sep), Q4(Oct-Dec). This applies to all banks by regulation.

The rules require a company to release its unaudited results for a quarter within 30days after the last day of the Q ending. Where it's for Q4, same rule applies and the audited financials should be filed within 90days after the last day of Q4. Where a company decides not to file unaudited results for Q4 (or any Q but wants to have interim audit) it is required to file it's audited results within 60days.

Note that banks and insurance companies need to get their reports approved by CBN and NICOM respectively before filed at NGX. This could affect the timelines.

NGX and SEC websites would give you details.

For SUGAR and SALT faithfuls, hope still dey....
At least insiders are also buying @60s....
They just shouldn't continue to test our patience...lol.

@Mpeace
Find attached the volume mvmt being argued sometimes ago.

Mr Okwudili Egwu (SVP, Cowry Asset management LTD) returns as a guest on this new episode of the podcast for a Masterclass in Fixed Income Investing.

He discusses the inflation rate, factors behind it's meteoric rise and the necessity of the rising interest rates. He also discussed the impact of the high interest rates on fixed income instruments and educated the retail investors on how to take advantage of the attractive yields in the fixed income space.

Retail investors will do well to heed his advise and explore the option of investing in fixed income assets at this crucial time.

https://podcasts.google.com/feed/aHR0cHM6Ly9hbmNob3IuZm0vcy80ZWI5NzRjNC9wb2RjYXN0L3Jzcw/episode/YWVkYjU4NmMtNzY1Zi00MjQ0LTk0OWEtMzBhYjU5YTk5NTcy?ep=14

yMcy56:

There are rules and regulations that guides every aspect of the operations of the NGX......as contained in the 2015 Rule Book of the NGX.

However, there were amendments to some of the rules in January 2018.
So, when going thru the Rulebook, also bear in mind that some amendments were made to some sections of the book.

In the case of Insider restrictions, kindly note that it applies to all listed Companies on NGX and in their closed period notifications, they always reference Rule 17:15 or 17.18 as the case may be.
You may do well to check out Rule 17 of the Rulebook.

Just to add to what Madam Mercy has already highlighted, every listed company is supposed to declare such closed periods regardless of whether the result is good or bad. Because, someone privy to a bad result before its disclosed to the market can as well sell off.

So, bottomline is: closed periods, ordinarily, only mean results are about to be released, nothing to deduce from it.

Frangel:


There are 4 quarters (3 months each) in a year and the company determines the structure; the most popular being Q1(Jan-Mar), Q2(Apr-Jun), Q3(Jul-Sep), Q4(Oct-Dec). This applies to all banks by regulation.

The rules require a company to release its unaudited results for a quarter within 30days after the last day of the Q ending. Where it's for Q4, same rule applies and the audited financials should be filed within 90days after the last day of Q4. Where a company decides not to file unaudited results for Q4 (or any Q but wants to have interim audit) it is required to file it's audited results within 60days.

Note that banks and insurance companies need to get their reports approved by CBN and NICOM respectively before filed at NGX. This could affect the timelines.

NGX and SEC websites would give you details.

Thank you very much. I am very grateful

yMcy56:

* How can I know when (what times/dates in a year) companies listed on the NSE are to release their quarterly or yearly financial reports -
** ANS: Depends on each Company's Financial Year End (FYE)....majority however have December 31 as the FYE**

* Perhaps, there are no NSE stipulated time of the year listed company are to release their reports 3 or 4 times per year
** ANS: We have 4 quarters in a year.......Jan-Mar; Apr-Jun; Jul-Sep; Oct-Dec........each company is expected to release results 4X a year with one out of the 4 being the FYE report....there are rules guiding this.....Rule 7.4/7.5 or so; and we have rules guiding operations of NGX**

* Please, what is the rules of NSE & SEC, within a period of how many days pre or post fiscal quarters in a year must companies release their financial reports
** ANS: Amendments yo rule 7.4
- UNAUDITED within 30days and AUDITED within 90 days
- AUDITED (without submission of UNAUDITED) within 60 days
- For inability to submit within stipulated days, notification must be sent earlier to NGX, failure of which may attract penalty/fines/Suspension as the case may be**

* Please, what is a fiscal quarter according to NSE (from when to when in a year):
** ANS: Periods of 3mths in a year.......4 fiscal quarters per annum

Thank you very much. I can't appreciate you enough. God bless you

yMcy56:

There are rules and regulations that guides every aspect of the operations of the NGX......as contained in the 2015 Rule Book of the NGX.

However, there were amendments to some of the rules in January 2018.
So, when going thru the Rulebook, also bear in mind that some amendments were made to some sections of the book.

In the case of Insider restrictions, kindly note that it applies to all listed Companies on NGX and in their closed period notifications, they always reference Rule 17:15 or 17.18 as the case may be.
You may do well to check out Rule 17 of the Rulebook.

Understood

Locotrader:


I have been contemplating whether to reply him but thank God you did.

For Ellah lakes, it still has one more year to go before we can begin to analyse it as a stock to buy.

Ok

chillykelly86:


Just to add to what Madam Mercy has already highlighted, every listed company is supposed to declare such closed periods regardless of whether the result is good or bad. Because, someone privy to a bad result before its disclosed to the market can as well sell off.

So, bottomline is: closed periods, ordinarily, only means results are about to be released, nothing to deduce from it.

Clear now.. you are right. Trading could be a sell off as well... lets see how the market reacts... methinks there'll still be some remote insider trading which might give some hints... all in all i grab that there's really no deduction that can be made just yet

It's Monday trading!

I expect pullbacks in some stocks.

Cash comes in handy in entering some of those stocks that will pull back.

Happy trading y'all

Diiing!

You are late today bros,

KarlTom:
Diiing!

DS on full offer? Any -ve news ni