Rexphobia: Ask your broker for your CSCS statement, it will show the quantity of shares you have. Then visit FMDQ and get the market value of the shares, multiply this price by the units you have.



The process is called mark to market.

aboyaji: thanks so much. But, why dont you show me an example here so that i will know before going to meet her. Just a little

Rexphobia:

No can't do. Client confidentiality

aboyaji: i would appreciate if somebody or group of persons help teach me/us how shares is being calculated.

I had stumbbled across a write up here that said something about it, but, there happened to be disagreement within the enviroment about this.

My aim is to know my shares' worth. I had bought it since 2010 and i don't know how its measured. And i don't have any paper(s) or document that covers my ownership of the shares as everything is still in the hands of my stockbroker. I just want to be the Boss.

davide470: The first thing to get from your broker is the ALL-IN charges inclusive of brokerage fees..

For example:

You bought 5000units FBNH at 10.50NGN in 2010, at a charge of 1.5% =

5000 x 10.50 = 52,500

(1.5% of 52500) = 787.5

Total cost = 52500 + 787.5 = 53,287.5 NGN

Now FBNH is at 14NGN, to sell off at a charge of 1.7% =

5000 x 14 = 70,000

(1.7% of 70,000) = 1190

Value = 70,000 - 1190 = 68,810 NGN

davide470: The first thing to get from your broker is the ALL-IN charges inclusive of brokerage fees..

For example:

You bought 5000units FBNH at 10.50NGN in 2010, at a charge of 1.5% =

5000 x 10.50 = 52,500

(1.5% of 52500) = 787.5

Total cost = 52500 + 787.5 = 53,287.5 NGN

Now FBNH is at 14NGN, to sell off at a charge of 1.7% =

5000 x 14 = 70,000

(1.7% of 70,000) = 1190

Value = 70,000 - 1190 = 68,810 NGN

davide470: The first thing to get from your broker is the ALL-IN charges inclusive of brokerage fees..

For example:

You bought 5000units FBNH at 10.50NGN in 2010, at a charge of 1.5% =

5000 x 10.50 = 52,500

(1.5% of 52500) = 787.5

Total cost = 52500 + 787.5 = 53,287.5 NGN

Now FBNH is at 14NGN, to sell off at a charge of 1.7% =

5000 x 14 = 70,000

(1.7% of 70,000) = 1190

Value = 70,000 - 1190 = 68,810 NGN

destante: Very clear. It shows if the rate decreases over the years, the buyer is unlucky. Reminds me of what happened at the NSE before 2010

davide470: Yeah. Hence, the need to pray for favorable 'market'. Were you into stocks before the crash?

destante: No I had someone who was in it. plus I did a related course.

davide470: That's cool. Hope the person didn't lose more than he anticipated. Which course exactly, if i may ask so as to get some lectures ?

destante: Lol it wasn't him who was affected. I did economics at the UI

davide470: Ooh! i understand.

Economics..nice, so what do you feel about the MPC rate recently declared by CBN despite inflation?

destante: Didn't follow that lately but last I checked, it was left at 12 percent yea?

davide470: Yeah.. MPR @ 12%, Liquidity ratio @ 30%, CRR -(Public) @ 75%, (Private) @ 15%. All quite good at this present point in time, or am i missing some economic indications?

destante: Hmm I hope this isn't a show off. Anyways to answer your question, I think inflation will continue to rise above 8.5% as electioneering approaches and the CBN may be forced to loosen the mpc rate.

davide470: No, it's not. Had a first degree in an entirely different sector, so am trying to master the ropes. Thanks for that, but what's the maximum value you foresee inflation rate will go this year.

destante: oh, nicee. what course was that btw? Anyways u occur as someone who's already mastered the ropes. And I don't see the inflation surpassing the 10% line by year end however. Need to ask too, the NSE ASI has failed to live the 40000 psychological line since Q2 or so. What is your take on it?

davide470: Studied Chemical Engineering..

Well, there is a support level at 40,000 basis point with the Year high being 43,039 and low as 37,136. (Actually closed 40,809 with a gain of 0.67% today)Note, the market has gained about 99% twice in the past 2 years and it closing slightly below 40,000 pts at the end of the year is foreseen.

destante: Chem engine? *faints
Yes the market gained too much last year. I think it was the best performing in Africa or so. The excess of last year can act as a buffer for this years non performance.

davide470: Studied Chemical Engineering..

Well, there is a support level at 40,000 basis point with the Year high being 43,039 and low as 37,136. (Actually closed 40,809 with a gain of 0.67% today)Note, the market has gained about 99% twice in the past 2 years and it closing slightly below 40,000 pts at the end of the year is foreseen.

destante: Also, I would love a situation where more companies can list on the market so that it serves as a better reflection of the economy. JSE is about six times bigger than our market and the economy isn't even as big

davide470: Yeah, more companies especially those in the E & P sector plan to list soon, as they have seen the success of Seplat's listing. Even Heritage Bank promises too, after their acquisition of Enterprise Bank tho.

davide470: Yeah, more companies especially those in the E & P sector plan to list soon, as they have seen the success of Seplat's listing. Even Heritage Bank promises too, after their acquisition of Enterprise Bank tho.

davide470: Yeah, more companies especially those in the E & P sector plan to list soon, as they have seen the success of Seplat's listing. Even Heritage Bank promises too, after their acquisition of Enterprise Bank tho.

destante: Yea but seplat is in the oil and gas right? I think that attributed to the success. Learnt about heritage's acquisition too. A small bank that is now promising with index branches in Lagos and Ibadan. Companies in the telecoms sector should list. We know that services generally contribute over 50% of the economy and these companies take a huge share. It can buoy the NSE largely. Do you think they should be forced to list?