Naijadr:

I use UBA stockbrokers through their Non Resident Nigerian Program (UBA NRN), its def a good option if u live in the US, UK or Canada. I get very prompt responses to my email within mins and no more than 1 business day, matter of fact just got one to confirm that they received a request to purchase shares that I sent barely an hr ago.
Everything is accounted for, plus I like the fact thats its a 1 stop shop, bank acct and capital market. Plus I've access to other options like home mortgage loans and all that comes with the NRN program, takes me 2 days to send money to my bank acct using ubaremit, cheaper than western union plus it goes to my acct and not someone else's central acct.
Online portal isnt functional but should be in a few mths, e-banking is available, now i make transactions by issuing purchase/sell mandates to the UBA-US rep who is extremely efficient. 2 business days to buy/sell unless the stock is unavailable or very hard to get. Being a huge bank and because of the importance of the NRN section, they bend over backwards. I've canceled sell orders successfully as long as I do it within 1 business day.
Minimum to start is N250k

upward:

Oga pumping, I no de work for floor of the stockmarket-o, just trying to be diligent in learning, and sourcing for info, hoping that one day I would be like you guys(the big boys).

youngdoc:

@tonyjon

Thanks for your reply. I know both PHB and bagco are good but I want to pick JUST ONE and hit it real hard. Hence my dilemma. Which would u back 100%?

wanaj0:

The insurance companies still have a lot of issues to sort out. I will stay clear for now. I will put a HOLD on them.

Access gained today. STill bullish on Diamond. First Bank is creeping up gradually.

For the short termers, better lock in some profit before a You turn is made.

tonyjon:


@ easimoni,

Thank you very much o o - a friend in need is a friend indeed. I really appreciate your advise. I did not forget STOCK FIELD MARSHAL WANAJ0 AND HIS ADVICE but I just want to know if there is another short cut to the whole thing. At least man must chop now.

Peace.

yodiyokun:


This is sound advice for Insurance, I don't expect this trend to continue. I doubt next week will be this rosy.

Xmas is around the corner - people need money to celebrate.

The only issue is, if you sell now, what do you buy?

Buying even for long term now is not advisable, because entry price is steep. Flour Mills is already over N80.

wanaj0:

Who dash me? Abeg, I just dey learn for here OOOOOOOO. Na the guru's we supose dey call those BIG names.

We the boys go just continue to grow our wealth little by little.

BTW, if your cash is disturbing you and you cannot put it under your pillow, you can send it across to me.

I can see that a lot of people are worried that there is nothing to BUY. If you BUY and see a correction resulting in a loss of 25% in a week how would you feel?

tonyjon:


Then go for BANK PHB. Banks at present are like money spinning machine. Apart from this, BANK PHB have good fundamental and there is hope that you will make your money back within a very short time. You can also read their prospectus before you make up your mind.

Good luck.

Peace.

[/quot

Afribank, N100BN
BankPHB, N75bn
Zenith, N130bn
Total, N305BN
Add  135% Oversubscription(Conservative), N412Bn

This is one good reason the bears will send us our Christmas gifts this December.That money will have to leave the Secondary market to the primary.
Meanwhile did anybody observe that on Tuesday, FCMB had just  22deals, 348000000 UNITS worth  N6.6Bn.
My take on this is that their stock broking arm is doing some mopping up to ensure FCMB rallies after TS is lifted.
So much money for just 22 deals .
FCMB is on my buy list.6 months results will be due very soon and they will deliver on projections.

Temmie10:

True talk, Taking profit is a perfectly economically right thing to do,
I don't understand the obsession/compulsion to always buy.
Wanajo, Easy with the humility abeg, where is the small boy?,
No be u scare me out of my seat yestada with that 5 million american dollars gist. still shocked

Temmie10:

True talk, Taking profit is a perfectly economically right thing to do,
I don't understand the obsession/compulsion to always buy.
Wanajo, Easy with the humility abeg, where is the small boy?,
No be u scare me out of my seat yestada with that 5 million american dollars gist. still shocked

yodiyokun:

No mind @Wanaj0,

Just being humble!.


Yes oooo whats up with the MTN gist, they want to chop from Naija Market as well  


I think the complusive buying is as a result of the hype and too much adrenaline.

But its better for my money to be looking than it to be reducing.

yodiyokun:

I seriously Doubt the POs will be oversubscribed.

First Bank has taught a lot of people sense.

Meanwhile, I believe the Market will be depressed in December - lets wait it out for 2 - 3 weeks and see what unfolds.


Abeg @all,

Anyone dealt with GTB registrars lately? I need to verify my GTB shares, and its giving me a bloody headache. Its in my maiden name and i don't have any I.d or Bank account in my maiden name.

What documents do they normally request for?

It's so annoying seriously it is.

yodiyokun:

I seriously Doubt the POs will be oversubscribed.

First Bank has taught a lot of people sense.

Meanwhile, I believe the Market will be depressed in December - lets wait it out for 2 - 3 weeks and see what unfolds.


Abeg @all,

Anyone dealt with GTB registrars lately? I need to verify my GTB shares, and its giving me a bloody headache. Its in my maiden name and i don't have any I.d or Bank account in my maiden name.

What documents do they normally request for?

It's so annoying seriously it is.

wanaj0:

Your PHYSICAL appearance may be needed. That was what my broker told me as per GTB registrar.

Well, try get a change of name sworn affidavit with the notice in the papers along with a bankers confirmation. Hopefully that will help. If not, come home for vacation and pay a visit to GTB registrar. Don't forget to introduce yourself as a majore shareholder of GTB.

BTW, the interim result of GTb is getting late. What is their problem?

wanaj0:

Your PHYSICAL appearance may be needed. That was what my broker told me as per GTB registrar.

Well, try get a change of name sworn affidavit with the notice in the papers along with a bankers confirmation. Hopefully that will help. If not, come home for vacation and pay a visit to GTB registrar. Don't forget to introduce yourself as a majore shareholder of GTB.

BTW, the interim result of GTb is getting late. What is their problem?

capuchi:

Also how is the closing price determined, because i know people buy a particular stock at differnt prices in a day though not exceeding 5%, but how is the closing price determined?

easimoni:

Capuchi,
are you still trying to sell your Wema? . Once a coy goes on TS, the whole world will be looking to sell. No one likes watching money tied up. Besides, if someone believes in the coy, why not buy the PO/rights at a discount to the current price?

Bottom line is Wema is on net offer (interpretation: much more sellers than buyers). Even though you see 2 m shares change hands in one day, I've heard estimates that 150M shares are being offered, your brokers chance of selling your shares is like 1 in 1000. Bottom line is if you wanted to sell your Wema, you should not have waited to see it go on TS. Once you are stuck on TS, it's going to be nearly impossible to sell.

Tough, isn't it? Even I still have ~20+ of my 'folio in Wema.

tonyjon:



I like this one -stop -shop idea. How does your CSCS NUMBER look like when you registered with your present broker?. Is it numeric or alphanumeric and do they charge you money when you buy IPO/PO through them?. Let me know in your response.

Peace.

capuchi:

u still did not answer the question ,,,i wanted to know if a stock is placed on technical suspension, does it mean that the stock can only be sold if another client of your own stockbroking firm wants to buy it or if it can still be sold if another person from a different broker wants to buy the stock