₦airaland Forum

I am not cursing you but you will loose a lot in forex than in stocks.

Averaging down a stock does not make a smart trader but buying at the right time or near the new low makes you a fantastic trader.Current dimension of stocks movement is not predictable and some static movement also makes it difficult to take a buy position for some people.I believe most people are waiting to buy cheap but there is no clarity to that as bargain price of some stocks has changed.

Just take a position and buy or sell after your personal due diligence.

Agbalowomeri:
This is one season to stop short term trades; otherwise you will keep coming back to buy at higher prices

True.

Godisfaithful:
Noted sir. Best of luck sir!

Best of luck to you too.

Godisfaithful:
Sir, if i'm in skye bank, i will hold on to it and wait for the result to be out before taken the next decision so as to avoid any form of loss (if there's any)

It could go either way and thats the trick of the market.Skye might pull a good stunt,I am not sure on this one and I can take a gamble.Lots of people have lost money on Skye.

lancee:
or if u wanna do a guess work like larry , buy average unit [be in the middle ]

Nobody knows how the result will be like


How is mkt goin sir D'Angelo

Any obervation on gtb , access , zenith

GTB and Access is making me proud.I doubt that Skye bank but nobody has a clue how it would be.

EDUECO:
Skye Bank's result is likely going to be above expectation!

It may be like that of FBNH,rally before result can be very bad when the result is out everybody will rush to jump out.

OBAGADAFFI:
Nobody is saying banks are complicit.

But when banks directors are being sacked for these EFCC issues, it will surly affect the bank management.

Ι am just telling you that banks won't be affected.Infact the reverse is the case right now.

OBAGADAFFI:
Bears will still surface in the banking stocks.

Due to the current EFCC actions on Banks.

Just watch out.

Now stop dreaming,the banks are not complicit in any crime and is obvious EFCC is just doing gra-gra.Bank stocks might not be as cheap as they were last two months.

GT is a very good stock and now am waiting for UBA to move out of the 3.40 zone.Seriously current trend in the market is hard to forecast.

Why is UBA trading at 3.40 two weeks in a row?,break either support or resistance.

I don't think Access will receive much beating over this.

lancee:
Hehehhe ....D'angelo has spoken

The truth is that signing of the budget is very vital.

lancee:
Dancem ,on bid , access bank , wapco recovering , uba moving ...Is it cos of the budget approval anytime from now or oil or ?

Because of sell in May and come back in November.

Raider76:
I guess if one has more than N5m to trade with it is safer for one to use the likes of Stanbic. They are less likely to go under with your money.

True but the good thing about them is that they can sell your illiquid stocks also with much hassle.

Godisfaithful:
Not for the e-trade. The 5 million is not applicable to the real-time sir. I guess you can open this one with at least 100K. I will confirm one more time for proper verification

Its 5million to open the account.

megainvest:
It depends on the registrar but not First Registrars of today. As I mentioned before, I contacted First Registrars just last week to do exactly what you said and I was told they no longer accept that. I had to fill the new form.

I am avoiding anything First Registrars these days.

megainvest:
NO!

The answer to the original question is NO, except the CSCS number is the same for both stock brokers but this is hardly ever the case. Each broker will usually open a new account for you if not, there will be confusion. You have to fill an E-Dividend form each time you open a new CSCS Account. The only unique identifier is the CSCS number not your name.
We all know there can be a hundred people who bear the same name with you so how do we tell the difference?

However, if you have an existing e-dividend mandate on a particular CSCS account with a registrar, all dividends from companies managed under that registrar will be paid using the existing mandate. For example assuming you have an e mandate on CSCS account XYZ for GTB shares with Datamax registrars, and you buy Seplat shares a year later on the same CSCS account XYZ you will not need to fill a new form for the Seplat shares.
I am not 100% sure this is the same for all registrars but I believe it should be so.

The current First Registrars e dividend form allows you to fill the different CSCS Account numbers you have from different stock brokers on one form. However, after submitting, if you open another new account, you must fill a new form.
I am making this assertion with full confidence because I contacted first registrars about this last week.

I await the day SEC will introduce something like BVN to link the various CSCS accounts and help solve the complications.

I hope I made common sense. Enjoy your Sunday.

You will simply send authorization letter to your registrar to apply existing e-dividend mandates to your new cscs accounts and it will be done.

Lead Securities offers same brokerage charges as Morgan.

I just received one of the dividend but waiting for the one with a different broker.

Godisfaithful:
The payment were made yesterday not today. Everybody should received their payments before the close of business day today

But you received yours today.

Godisfaithful:
Sir Angelo82, my Access alert has drop as at 11:26am

Today?,I have not received anything yet.Then no need to worry seems they have started the payment but why delaying payment till today.

Hope Access get money to pay because no alert up till now.

Godisfaithful:
@Sir Angelo82, have you gotten your access dividend alert?

Up till this moment,I didn't get anything but I will give them till 2pm Nigerian time and if there is no credit alert then I will mail them.

Oil Price is 47.21.

If FBNH can clean their books completely,their Gross earnings is not good to ignore.

Godisfaithful:
You should get it before the end of the day or tomorrow morning sir. Access dividend already processed and sent to respective bank as long as one has the e- dividend mandate with them

UBA/AFRIPRUD/UCAP paid on time why the delay from Access?

Access should pay the 0.30k in time.