₦airaland Forum

please house, is HNWMC also a red flag?

ahiboilandgas:
it impossible for you to understand ..am under no obligation either

Ok Sir, would understand one day.

Acidosis:
He's better off those without one. Inflation affects everybody but in varying degrees.

If you hear that a bag of rice would sell for N50,000 beginning from tomorrow, would you say because Nigerians eat rice everyday, you won't buy some bags today @ current price of N12,000?

Noted Boss, have gone beyond the rudimentary level I dont argue sir. Everybody has right of what to do with his/her money, what is important to me is for my money to keep working for 24/7-365days. Finito!

Mission Securities Ltd <info.missionsecurities@gmail.com>

10:56 AM (11 minutes ago)

to info, Mission, bcc: me
This is a special announcement from The Securities & Exchange Commission, Nigeria to all investors who participated in the public offers which took place in Nigeria from 2000 - 2010:

1. Did you buy shares in the past years using different
combinations of names?
2. Did you buy those shares by yourself or through
stockbrokers, registrars, banks or other capital market
operators?
3. If YES, the Securities and Exchange Commission has opened
a window of opportunity to help you regularise your shares
and claim any accrued dividends on such shares.
4. Hurry now to your Stockbrokers, Registrars, Bankers or any other capital market operator through whom the shares were purchased, for guidance on the steps you need to take to regularise those shares and claim any accrued dividends on such shares.
5. You can also visit our website at www…../FAQs for more
information on this process.

Hurry now before this window of opportunity closes

FREQUENTLY ASKED QUESTIONS ON REGULARIZATION OF MULTIPLE SUBSCRIPTIONS
The Securities and Exchange Commission (”The Commission”) has received enquiries from investors who are interested in identifying shares which they obtained/purchased through multiple subscriptions to public offers and claiming the dividends accruing to such shares.
Consequently, The Commission has summarised these enquiries as Frequently Asked Questions (“FAQs”) and advise the following answers to the FAQs, for the guidance of the general investing public:

i. What will happen if I come forward to claim dividends/shares which were bought using other names besides my given names?
There are no penalties for coming forward to identify your shares and claim your outstanding dividends; the Commission is eager for investors to claim their accrued dividends so as to reduce the increasing pool of unclaimed dividends and enable investors enjoy the returns of their investments in the Nigerian capital market.

ii. How can I identify and claim the outstanding dividends accruing to me through my multiple subscriptions to public offers that occurred during the capital market boom (2000-2010)?
You will need to present all valid documents which identify you as the owner of the shares as well as any receipt or other proof of payment for the shares or any other document that identifies you as the purchaser of the said shares, and take these documents to your registrars, stockbrokers or bankers(depending on where and how your shares were purchased) to enable them identify your shares. After the identification process has been concluded, your registrars/stockbrokers will advise you on the next steps you need to take to claim the dividends that have accrued to the identified shares.

iii. What do I need to do to claim my outstanding dividends which were bought using names that I do not remember?
Tell your registrar, stockbroker, bankers (as applicable) any likely names you or your stock broker bought the shares in and your registrar will do their best to help you identify any shares in those names, provided that you are able to provide the appropriate identification particulars or other documets that prove that you are the owner of the said shares in the discovered names.

iv. What do I need to do if I bought shares through my stockbroker/registrar/bankers or any other third party but I do not remember the combination of names used in purchasing the shares on my behalf?
You will need to present identification particulars showing at least two of the names that may have been used by your stockbroker/registrar, banker or yourself, in purchasing the shares and/or any other document you have which proves that you are the owner of the shares which were bought on your behalf using names other than your given names.

v. How long do I have to complete the process for identifying and claiming my outstanding dividends?
Investors interested in regularising their shares will have till December 31, 2018 to identify their shares, regularise their shareholdings and claim their outstanding dividends on the shares, as assisted by their registrars, stockbrokers, bankers, etc.

vi. What happens to my shares and dividends if I am unable to provide the requisite identification particulars on time?
Your shares and any accrued dividends will be transferred to the Nigerian Capital Market Development Fund until you are able to provide the necessary identifications which your registrars/stockbrokers/bankers will require to identify you as the actual owner of the shares.

vii. How can I prove that the shares are mine if they were not bought in any of my given names?
You will need to show your registrar/stockbroker/bankers any documents, payment receipts or any other document that can establish that you are the owner of the shares, in spite of the fact that the shares were not bought in your name.

viii. What do I need to do if I subscribed for multiple shares in one company using my name and a combination of different names?
You will also need to go to your registrar/stockbroker/banker and try to identify the names in which you or a third party bought the shares on your behalf. You will need to have identification particulars and any other documents that establish that the shares you seek to claim are yours.
Further to the above guidance, the Commission appeals to all stakeholders (i.e. Stockbrokers, Registrars, The Nigerian Stock Exchange, Public Companies, Banks, Central Securities Clearing System, etc) to cooperate with investors by assisting them with the identification, regularisation and consolidation (where possible) of their shareholdings in various public companies and ultimately guide investors in doing all that is required of them in order to claim the proceeds of their investments.The Commission will continue to ensure improved transparency and confidence in the Nigerian capital market and assures investors that no punitive measures will be associated with the regularisation/consolidation of shares to be effected by this exercise.

ahiboilandgas:
really God ..the naira has been depreciating since 1960 and with population explosions ,mean more demand for imported good meaning naira lossing it value ...this pure economic notting concern god we just hope for a stable currency for 10 years aleast

so naira would get to #600? the truth of the matter is, you may have secured yourself against inflation but as much as you will still be buying/paying for goods and services in Nigeria which has her #600 to a dollar then that dorm account you are talking about is meaningless to me

Nnamz:
I think I get what this guy has been trying to say and I'm sure I'm not the only one he has made to seriously consider the benefits of tbills. At first I was very skeptical about him like "what is this ode coming here to say na" but now I'm even thankful to him.

A user here ^ ^ just shared his experience of "investing" 15mN, which later grew to 31mN. Funny thing is that even with the over 16mN interest, he still lost about 12,500 Dollars. Now keep in mind that he would have been better off if he had kept his 15mN in a dorm account. But he didn't cause the 15-18% interest rate at that time was sweeting his body.

This guy has brought up a very thought provoking valid solid point and if you're wise, you would see reason with him. Treasury Bills WILL MAKE YOU POOR.

As for me, I won't cancel any of my current tbills. But moving on, no more tbills of 675,000 Naira every two weeks. I will save my money in a dorm account. And in 5 years time when the US-Naira exchange rate is at say 600 to the dollar, those of you doing tbills, let me know if you are richer than me. A WORD IS ENOUGH FOR THE WISE.

And thanks to that guy who opened some eyes on this forum. You sir are the real MVP

so what happpens if the exchange rate does not get to #600 as you have anticipated and God will never allow us to get to that stage

Chibuking81:
Many of us here including me paid millions of naira as a expensive school fees during the 2008 global economic meltdown, some paid with their life, may their soul rest in peace. Many sold their commercial houses and other properties to buy stocks during that period, what worsened the situation was the use of analog stockbrokers.

One has to fill hard copy sell mandate form to sell his/her share, only to return the next day without the mandate been executed, most of the stockbrokers will not even submit the mandate form, they mostly concentrated on their own, to sell theirs first because no body was interested in buying.

I remembered the way I used to visit Standard Union Security Limited stockbroker at Sani Abacha way Kano, when I was in Kano, then every morning as soon as they open for the day business, I will drove to their office to received a positive news of execution of my mandate, but the reverse will be the case, I thank God for the development of modern day real time online trading platform.

After 2008 economic meltdown a lot of stock participants started seeing stock as one dealing with snake. I remembered the motor of one my stockbroker, by name CSL stokebroker; "Never invest what you can't afford to lose" my question still remain, who invested to lose or want to lose?

My good sister in the lord (SITL) Yayira, 2018 NSE school fee was little to compared with that of 2008, also with the real time online trade platform, one don't need to wait for stockbrokers to submit your order, the moment you feel that something is going wrong, the needful will be the next line of action.

For now, to invest and monitor the market is sine qua non in the NSEM, listening to members advice, especially those that devoted their time to study the market and its environment is another sine qua non in NSEM, it is inconsequential to run away due to high school fees, but to use the knowledge gain to make a good success.

In a nutshell, I love your courage.

I still maintained that, Bull started this year 2018, and Bear will end it, Bear will start year 2019, and Bull will end it.
Let's not forget that January/ February will be the bonanza period , I have long been announcing, good luck to all.

Bro, you are very correct, the experience of 2008 almost made me to quit NSE but i told myself that i will fight like a trojan and make my lost millions back which by God grace, i have done with very very minor hair cut. I saw it coming and i immideiately bailed out into TBils and i never regretted i did. so 2008 period has taught me a great lesson which i will pass on to my children.

ihedioramma:
We are not house but brother's and sister's in the LORD . Any time you see below #13 .

LOL...... #11.5 would be ok

House, when pesin fit buy zenith/gtb/acess?

DeRuggedProf:
One bank must enter FULL BID today.....

namely?

mendes911:
You have to wait it out then. Las Las you will recover and make profit sometime next year (provided PMB ends up not messing up the economy the more)!

I will enter once there's panic selling. Panic selling is already happening in Flourmills and Wapco, likewise Aiico. Let me wait and see if more stocks will join.

Sincerely speaking, current price of most stocks are juicy. It's just out of quest for peace of mind that am yet to enter the market.

Which one is the best for capital appreciation between access and zenith

stcool:
las las the french will leave and sell it to Dangote...Dangote is killing their business with price, the only people that can match Dangote are the Ibo biz-men cos they would travel to china and finish him wit price. Ibeto is still doing well in SE.

Nigeria is rough

i disagree with the bold in that, am currently in PHC and the way dangote is bringing in Trucks of cements into Rivers state will tell u the guy is all over the country.

stcool:
las las the french will leave and sell it to Dangote...Dangote is killing their business with price, the only people that can match Dangote are the Ibo biz-men cos they would travel to china and finish him wit price. Ibeto is still doing well in SE.

Nigeria is rough

Did anybody disturb them not to finish back with price? Dangote should ride on that is the way of the capitalist/monopolist. If they cant beat him then they should handover their company to him

Mfunkynation:
hmmmmm, 0%...
if you invest in it for a year, you will surely 12 times HBP...
please dont try it... Be warn!

everyone wants to be like Dangote but they dont want to take the needed risk and the next talk is, Dangote has taken over Nigeria economy they have forgotten that no cross no crown. So anybody who wants to have peace of mind with poverty can go and sleep.

DOLLARTEX:
with inflation rate increasing,18 % is possible by Christmas.

if tb could give 18% then bear might continue oo

PETERiCHY:
The organised labour unions have called off the planned nationwide industrial action initially scheduled to commence today to press home workers’ demand for a new national minimum wage.

Daily Trust however, authoritatively gathered that the government agreed and signed the #30, 000 demanded for by the workers.

https://www.dailytrust.com.ng/nlc-calls-off-strike-as-fg-agrees-to-pay-n30000-minimum-wage.html

If this NEWS is TRUE that means NSE will SURELY close on a POSITIVE note this year then by early January. IT'S TO YOUR TENTS OH ISREAL!

*ThE OcToPuS*

please enlighten me oo, what correlation is minimum wage with NSE? the bulk of NSE investors are they minimum wage earners? is the minimum wage that will usher in the desired bull? ..... pls shed more light

House,will FUGAZ still fall further?

Fyorgyn:
Canada is also considering stopping it.

http://www.canadianimmigration.net/news-articles/canada-considers-removing-citizenship-by-birth/

so all hope is gone?

BullBearMkt:
...bro let's be cautious how we mention pple's name

but that is the real fact!

GonFreecss1:
I think one of the most undervalued company on the whole NSE is AFRIPRUD.

Why?

US president Donald Trump revealed today (Oct. 30) that he plans to terminate birthright citizenship with an executive order. He told Axios on HBO that the practice of recognizing as an American any child born on US soil, regardless of their parents’ immigration status, is “ridiculous” and that “it has to end.”

Trump contends that he doesn’t need a constitutional amendment to change the current standard, which is set out in the 14th Amendment of the US Constitution, adopted in 1866. The text provides that “[a]ll persons born or naturalized in the United States, and subject to the jurisdiction thereof, are citizens of the United States and of the State wherein they reside.”

Thus, many constitutional law scholars will argue that Trump’s effort is not only misguided but doomed to fail because it contradicts the amendment. And since the order will almost immediately be challenged in court, it will likely be stayed, or suspended, pending judicial review.

While the amendment was passed in 1866 and wasn’t written by the original framers of the Constitution—whose thinking originalists worship but whom did not address the question of precisely who might be a US citizen—it will still be a very tall order for the president to convince the high court to simply set aside the text for his interpretation. The justices have never been presented with a case that specifically addresses whether birthright citizenship applies to a child of undocumented immigrants, and an executive order to reinterpret the amendment would no doubt lead to such a case. But it’s not at all a sure bet that, even with a predominantly conservative bench, the president’s interpretation of the law will prevail.

Judge James C. Ho on the Fifth Circuit Court of Appeals in New Orleans, a Trump appointee, believes that changing how the amendment is applied would be unconstitutional. Ho wrote in 2006 that at the time of its passage “no Senator disputed the meaning of the amendment with respect to alien children.”

The conservative judge’s view is important because executive orders are subject to judicial review to ensure they don’t run afoul of the constitution. In fact, the Constitution is what gives Trump the power to issue orders to begin with. And it will be difficult for the president, who has made much ado about ensuring that his Supreme Court appointees are originalists who adhere to the text of the constitution, to make a winning case for ignoring the plain meaning of the 14th Amendment’s words.

Mpeace:
Dangflour chai. Flour no dey pay again. Dangflour fair value is no longer upto N3. Moreso that it is not a dividend paying stock.
They better go into power generation like flourmills.

I just pity those i offloaded to @13.7

Nnamz:
Thank you for sharing your opinion. I apologize if I was rude to anybody. Happy investment everyone

Thank you very much Sir, we would be learning learning everyday until our time is up. Many thanks Sir

oyesola:
The truth is that Oando will also release improved results base on the upstream where they play

Magomago improved result!

phemmie06:
More reason they have to delay their result.

any hope of dividend?

swilo:
Lol.. Shy bulls. Not the alpha male yet..

am a lay man oo tell me well now

House, has the desired bull come?

Nnamz:
I see you were ignored because this obviously is a stupid question that people are tired of answering. For the umpteenth time, unless you have FIFTY MILLION NAIRA, you have no f**king say on the rate. Go read previous pages and stop asking questions that has been answered here on almost every of the 598 pages of this thread

Sir, am certain we have mature minds from different background & works of life on this forum and to the best of my knowledge, no one deserves the reply given Sir. The best thing you could have done is to ignore the question. Am a slow learner and i can ask one question severally and some here may be like me so instead of making people feel bad as if they have committed heinous crime by asking a certain question severally we should rather keep quite. I will also advice everyone here to please read deeply about where to commit their fund before the actual investment. Just my 2 kobo SIR

Bravedude112:
That's what i mean folk

one just need to start and be focused.