₦airaland Forum

My Ogas, when is the closing date for UBCAP right issue?

Thanks

Born 2be Rich: Mostly NEM..since two days now dem don dey bash the stock

Hahahahaha.....Na people wey dey fully loaded with NEM block SMN, una dey lucky malamImam for kill una career there, only one bomb NEM lost 0.06k.

9free: Oga MalamImam, is that you?
Abeg no cause katakata for here ooohhh.
Una don bad mouth Oando for SMN finish now na my precious NEM una wan face abi.

Bros no offense, i just asked question........Lol

Whatsup with SMN today?

Hello Guys

Cancellation of some of NEM shares will it affect those bought on the floor?
No panic cus this has not been comfirmed

manie: Every good investors needs to learn how to value a company. I will advice every investor to read Intelligent Investor by Benjamin Graham.[/b], and Security Analysis by Benjamin Graham and David Dodd.

For those of us who wants to read Intelligent Investor by Benjamin Graham click the link below
http://www.amazon.com/The-Intelligent-Investor-Practical-Counsel/dp/0060155477#reader_0060155477

Kashif: So tell me if selling recharge card is not better....

Lol....................... TB na F for my side.

jp130: plz guys. Am buying in2 cutix plc for a lng term after dia dividend paymnt date. Do u tinx its a gud idea? Also unitybnk, wema bnk, fidelity, skye, uba n acess bnk. Wic 1 do u tinx is consistent in dividend payout n gud for long term? All plz contribute, plz

I would pick Unity bank for 100% price appreciation for one yr interval(Though you may achieve this in 4 months interval).
But i dont ask you to follow my own pattern of trading cus ur money may be tired for too long if the market crash but if there is bull, you will laugh loud.

Krisuba: Pls bro wat is market maker.

\

A market maker is a bank or brokerage company that stands ready every second of the trading day with a firm ask and bid price. This is good for you, because when you place an order to sell your thousand shares of Disney, the market maker will actually purchase the stock from you, even if he doesn't have a seller lined up. In doing so, they are literally "making a market" for the stock.

Hope this help?

9free: Ported....... No time for long stories with my former broker.

Gud Morning,

Please can some one clear me on this issue. I know the charge for buy is 0.018 and sell is 0.021, if u minus 1.15%(that is discount from Broker fee) what will be the charge for buy and sell?

jamace: Nigeria is 53.

Happy Independence Anniversary, my fellow investors.

Bros bold that Independence things....... 9ja dey Bleep up.

[quote author=presiade]^^ Very possible, if your broker is effective and depending on your set (sell) target/ profit. It also depends on availability of buyers too.


Thank you broda,
I was confused because i saw settled date in my contract note.

Gud evening,

Is it possible to buy a stock today and sell the next day?

stockbull: Nigeria stock exchange market updates.
Unity bank is trading on news and it's blank to technical analysis.it's not a suprise that there's no significant forces behind her move despite the impressive result of half quarter year because institutional investors are buying now characterized with moderate vol and sharp up movement.there's assurance that the stock would be relatively unavailable now and at this price, the stock may shed price soon and bounce up again as the news is still fresh in air. My take is this,since the stock does not trade in dusk like josbrew and champion,institutional investors would soon offload as proved by some immortal trend pattern analysis and with such a stock with bail-out mindset of large group of shareholders.the stock should come back to 0.60 and probably below after some weeks to this time.
Abc is behaving as it's expected,it has just finished a complete wave and it's tempting potential investors into buying.the real support of this stock should be 0.60(50% retracement) but with the fundamental strength of this stock and new laudable initiative in preventing death and injuries in transportation biz,a buy at 0.70 is suggested and the profit will not come soon as the trend should experience serial lows and highs.
Ubacap seems to be responsive to a slight low below 1.30 when the right support should be at 1.20(still considering the strength in the belt hold)or 1.10 in order to secure a net cover but since it takes more caution to buy in the bearish market than in the bullish market,i think it should be let go.#dont forget the nigeria stock market is not bullish yet,take caution and be expecting promising bullish season more than the 2012 season in 2014

The first phase of Stockbull's prediction "The stock may shed price soon" has happened lets wait for the second phase "bounce up again as the news is still fresh. Trend is my friend as am still learning, Happi investing.

frond: It means they are buying the half of the company at 160million. Half of the shares/equities. This should reflect in the market price of the shares. The problem with Nigeria capital markets is that not all the companies have market makers. I think the company in question is one of the companies listed on the stock exchange that have no market marker. The share price would have been adjusted immediately if there was one. In this case I believe the price of shares will gradually rise to reflect the acquisition value through demand and supply of the shares. I don't know how you get your 2 naira, but it has to be 160m divided by half of the amount of outstanding shares. Do the maths yourself. If you get 2 then it is 2. I can only assure you that if you have the shares somebody will be at the stock exchange to buy it before reaching the ceiling. On the contrary, if you want to buy before reaching the acquisition value your order will not be filled. Sorry that is the way it works in naija.

The scenario is similar to When Tiger Brands acquired 70 or 80% of Dangote Flour at 8 naira. The price of the stock quickly moved to that and it took a long time to move to its current price of N9. The only way you third party can benefit on acquisition is either the person or the institution had owned the shares before the announcement or inside trading. [b]Hope this helps[/b].

yes it does.
Thank you

SWG 1: The gurus in the house, pls help me analyse this; if verod management wants to stake 160m dollars (buy50%) in unity bank and the bank is not worth up to that in terms of its recent market cap. Does this mean d major shareholder will have to sell their holdings(90%) or the price of this stock will be forced to N2 to enable them hold back up to 50%. Pls i nid expert advice.

Please Chairman dem answer this one.
Your boys need the answer asap

mercylicious: My guys, there is nothing as sweet as making a right decision at the right time.
Unity just gained 10% today and may ride like jos brewries with the news of new investors. Its better to be in the bus before it takes off than pursuing the bus. The tin still dey vex me say my broker remain like 60k for my money. I placed another order this morning at 50k but am sure dt one won't be bought as train don waka.
No cause for alarm, another opportunity will still come.
Currently, the fair value of unity bank is arnd 1.13.

Broda i thank God that i emptied my portfolio for unity bank, the Stock just gain 10% today.

mercylicious: Meanwhie, I just entered the train of Unity at 50k. Will sell in the next bull ride and renter again at 50k for February things.

I don enter the train since last week............. for February things.

adonisvg: pls, eh...i'm a corp member in oleh, delta state. I really want to invest in shares....any stockbroker in oleh or ughelli or anywhere in delta state.

Go for E broker so that u can do your transaction any where in the world with your laptop connected to internet.
U can check www.meritrade.com

T-john:
I don't know what to do with my Unity Bank, the stock is bleeding seriously
I'm losing money daily, will i ever break even at 1naira?
How do i exit?

I bought 31601 units of UBA at 7.12 in 2011, out of fear i sold it at 2.9 in 2012. You can imagine the lost and that was all my savings as a Corper then. I almost lost hope but i learnt something, in December 2012 i bought 650,000 units of Transcorp at 91k and sold it at 1.83 in feb this year. If i had known what i know now, i would have bought more units of UBA at 2.9 because the bank was under value then and sell now.

Here is my advise, Hold on to ur stock and bid for more units at 0.50 to minimize your lost.
Never lose hope cos in this market, u learn most when u lose.

stockbull: the goal is not only doing the good work but training minds of good nigerians to hold the paddle.those days when i begin following the financial market,many complained but here today.it's all for good brothers.am proud to be a farmer though,an industrial farmer

We appreciate

debostar: The closing date for FIDSON Dividend was 08/07/2013 AND THE PAYMENT Date was 26/07/2013

Thank you Debostar.

Is FIDSON a good buy now?
Is it possible to get 15 percent increase in two months time?

Please Bosses in the house
FIDSON approved dividend is it for the existing shareholders?
or are they going to announce the qualification date?
Thanks

Elai147: I don't think the banks will alter their forecasts as it will give a negative connotation to investors. Investors are already aware that increased CRR will lead to reduced liquidity and will affect bank's profitability. So there is no need for banks to make it sound like it's a big problem otherwise this can have negative effect on their share prices. Ordinarily investors expects competent banks, especially those that are not too exposed to public sector funds, to try and minimise the effect of increased CRR.

I have substantial amount of bankings stocks (Zenith, FBNH, GTB, Access and ETI) in my portfolio, most of which are for the long term. So if the increased CRR eventually leads to fall in share prices of banking stocks as perceived by investors (perhaps due to reduced profitability), my strategy will be to take advantage of the situation by increasing my holdings and waiting for them to get back to profitability. This is because the increase in CRR will only be temporal. So I don't think there is cause for alarm if you have good banking stocks.

CRR will be temporal.............. like how many months?
Thanks

RichYoungRuler: Hi,it wont be declared until next year cos their accounting year is from January1 -December31, and you know time is needed to compile results considering the size of the company and their activities,cook books for us if the need arises etc.

Thanks alot

9free: Person no go this one again buy oooohhh..... Those on board make una enjoy...

When is Fidson qualification date for their dividend?

RichYoungRuler: Hi Boss,Interim dividend as the name implies is the dividend paid before the final one is declared. it comes between two final dividends(declared after full year results). Some investors use that in their stock picking approach e.g Gtbank usually gives interim dividend, so for IBTC that declared say 70kobo as interim, whatever they declare as final dividend will include what has already been paid, e.g if the final dividend is 50kobo,this brings dividend for the year to 1.20=(70+50). I hope this helps.

Yes it really help.
Will the final dividend also be declared this year?

RichYoungRuler: Yes,You will as their closure date is in August.

Thanks

mercylicious: A lot of half year results out.
Cutix result was fantastic
Stanbic declares wonderful interim div.
7up pays N2.2 dividend
Ubacap, wapco, nig ropes, courteville, eti and others half year result out.
I can't post the link now cos am using ma fone.

[quote author=mercylicious]A lot of half year results out.
Cutix result was fantastic
Stanbic declares wonderful interim div.
7up pays N2.2 dividend
Ubacap, wapco, nig ropes, courteville, eti and others half year result out.
I can't post the link now cos am using ma fone.

Dont really understand this clause "interim dividend"
Pls house, if i purchase stanbic IBTC today will i qualify for the Interim dividend?

Elai147: You don't need to open another account. Give your Clearing House Number (CHN) to the new stockbroker and tell them you wish to maintain the same CHN so that they don't open a new one for you. If you do this, you will have two stockbrokers but one CHN. This way, you are able to view and monitor both stockbroking accounts with one CSCS online subscription. You can also move your stocks from your current stockbroker to a new one but this process is not easy and takes some time. Except you do not trust your current broker, I will advise you not to bother transferring your stock. You can have more than one stockbrokers but just make sure you maintain one CHN number so that you can monitor all stockbroking accounts in one go.

Thank you very much broda.

Hi Every1, please i want to change my broker, how do i go about it?
Do i need to open another CSCS account with the new broker or can i move my current CSCS account to the new broker(Meritrade).
Thanks for your help.

Thanks alot Stockbull