₦airaland Forum

Guys, please how do you fund your StanbicIBTC dollar fund?
It's been a while since I last used them. Last time I did, they had a USD account at Stanbic that I could transfer to, so it was Stanbic to Stanbic transfer with no charges.


If I put in $1000 and it makes just $15 in 3 months, I don't want to end up paying up to $30 dollars as transfer fee for both deposits and withdrawals.


How do you guys do it?

Guys, since this issue of funding and withdrawal is such a big one, why don't we advise Morgan and the likes to implement it?

For those with MORE INFORMATION (emphasis on more on cos I hate when it's those with less knowledge on the subject that rush to reply):

Most of the gateways I've tried (Paystack, Monnify, etc) have two issues:
1. They charge N300 per transaction for dedicated virtual accounts.

2. Settlement is not instant, rather it's T+1


How do platforms get around these?.cos when I use Quidax for instance,the deposit costs just #100 no matter the amount, and it's credited instantly.

It seems they use KoraPay and BudPay though.


Apart from those two issues raised, it's a relatively simple feature for these brokers to rollout!

KarlTom:
Can't say for sure but I presume it is a glitch.
It should be rectified by/before Monday...

Thank you

SEPLAT, AIRTELAFRI, GEREGU, I've been waiting for months on them.

SEPLAT finally moved after Q1, if GEREGU has now also moved today, then there'll just be AIRTELAFRI -the toughest!

Anyone knows why this 437k price crash didn't reflect on GEREGU today?

@KarlTom? Anyone??

Agbalowomeri:
Na you dey do this cross deals

You don already tell us say na 500million units you dey buy and sell

Ask again in 3 years 🤙

If Otedollla isn't ready to pay 50% premium, he will queue long to get his FBNH.

Cos he crossed a lot of GEREGU at high premium.

Same way he sold to ardova at almost 3x premium.

By the way, how come GEREGU's drop isn't showing on the board as new High/Low set.


Good for Monday's trade at 900?

KarlTom:
NB also had some CDs

Ohh.. I didn't see it.

200m units FCMB crossed in 6 deals(Cordros)

335m units ZENITHBANK crossed in one deep pocket deal (EFG)

megawealth01:
I wrote them and they replied me that I qualified

Who am I to argue?

Exactly, perfect! 😁

Kashif:
I've refused to cry ..... imagine if I bought Bitcoin?.....

It would be around N1- N10trn today. 😁

yMcy56:
Registrar's hardly make such mistakes....
I don't see it as mistake......BUT could be some errors in qualification Date, which could result in him getting qualified.

I would imagine it wasn't a mistake too since these processes are automated.

But there can also be unhandled edge cases that explain his experiences.

BUAFOODS should help the index avoid a red today, and thus help August stay marginally green.

I just realized I qualified for dividend on that one too yesterday.

megawealth01:
E get has they calculate their thing sha. I once mistakenly sold off one of my stock like that before BONUS QUALIFICATION DATE was shocked to see my heavy bonus intact when they released it

Wow..
Did you consider returning it? 😁😁😁
Cos they should give just one of either you or the guy who bought from you.

jonnysessy:
Okomu interim dividend landed. This is how dividend should come. Very early in the morning

I didn't even know I qualified, waking up to see it, I almost thought it was a mistake. 😁

ppogba:
A land in the remotest part of Lagos bought since 2008 without a structure on it would have been long gone by now
Investment in landed properties is not as straight forward as some of us think.

You're exactly right.
That's why we need everyone's opinion here.
I was only looking at prices then and now. You brought a balanced perspective. Thanks.

Kashif:
It's way lower than half the value now. I put in 850k in that stock then

That's around $8k in '08.

If you had put it as USD in a vehicle that did just 5% p.a compounded, it would have been around N27. 5m today.

It could have been higher if you had purchased land with it in almost any part of Lagos.

But N1.7m is still better than nothing too.

Stockhunter:
But why is Airtel Africa always on full bid. E be like na cultists hold the stock. Them no de follow anybody talk.

If you had 100k units to move the price, would you rather sell for #2500 on NGX or for 4500 on LSE??

The stock is stuck at about half its current price.

That's the problem.

Nobody's willing to sacrifice N200m to attempt moving it.

Stockhunter:
Like some will say, stock market is sporty bet on suit and tie🤣. The market o, not the investment. Some times the market no send fundamentals...

At least it's not 3 direct 😁

ositadima1:
If I may ask, do you use statistics or technical analysis to choose your entries? How do you handle low liquidity—do you limit yourself to a small subset of highly liquid stocks? This is really cool; I would like to be like you when I grow up.

Mostly large cap.
Most of them trade above #400 per unit.

It has to be that way if I'm gonna achieve my long term target of N10bn per quarter or 1% of the market. 😎

Like with brokers, it's volume that counts.
Bull market, bear market makes no difference.

I want to consistently do 0.1% of the market 😎

There can be POMO when guys announce their 500% looots sha, but understanding compounding helps you realize that 10% a month guarantees 3x increase every year.

Target: N300m for the month!

NSEstudent:
You're making excuses for the Developers. The client may not be remotely tech savvy.

If the team is complete, perhaps the PM would have checked it before they deploy.

Ensuring there's accurate data on your website isn't about being tech savvy.


It's about diligence on the part of the company.

Like I said I'm not exonerating whoever wrote the HTML, I'm instead saying the company that allows such content remain on their webpage shouldn't be absolved.

NSEstudent:
Okay. For the use case you described, I am yet to graduate to the level of trading that would make me need it.
Maybe in the future.


I would like to see the app though, and experiment with it.

Yeah, it's a very niche use case.

NSEstudent:
So na long throat you come do us, ehn comrade?

I can work out a way to let you fork if you really want it.

NSEstudent:
Unite to sell to who bro? They would queue up on full offer.

I was being sarcastic 😂

NSEstudent:
If there is no info, a page can be left blank instead or preferably have a meaningful text like "Coming soon.." or similar text.

I agree, but a serious client would be the one to point this out to the developer.

The blame should be shared between them.

chimex38:
@Bolded I guess this is exactly what he meant. you might have interpreted differently. You guyz are probably on same page.



I believe you are justifying the increase in Dividend as a necessity to fund his refinery.
I guess he read it from a different perspective. you guyz are in same page.
You come dey complicate matter

No complications really, the guy didn't calm down to read my post, he preferred to hurriedly say he saw a post without facts.

Agbalowomeri:
Why not 100% on N500

They've changed maths since you first learnt it sir 😁

In the current version 1.5% of N500m is much more than 100% of N500


You know I absolutely mean no disrespect right? I'm only trying to bring up the vibe you and I once had with FA if you remember.
Say 6 years ago.

dammybrite:
Do you mind sharing link to the github repo?

I decided against making it public.

It's been quite helpful though, especially now that I'm approaching N1bn in quarterly volume. (currently at N810m)

I guess I'd be like top 30 brokers if I got a license.

Streetinvestor2:
What is the business of the cement and refinery
U just post without fact.Was the refinery not there 2023 and 2024 when he paid #30 didn't even when he did not make up to that in one of the yrs as eps.
They still took from thr cash reserve to pay.
Is DIL not the one to benefit most in the dividend as the owe almost every thing

Sorry for quoting you. And that's the only apology I owe you.

However when you mention the refinery and you refer to 2023, then your own ignorance is obvious.

I'll help you.

The refinery was announced in 2013. It started gulping cash from DIL at about that time.

But especially more since 2020. The cost has gone from $13bn to $20bn and naira woes had made things worse.

2020 was about when Alhaji shot up payout ratio significantly and it's been high ever since.

You mentioning 2024 means you either have insufficient context or you didn't read the post well.

Streetinvestor2:
Alhaji has a way of paying all his eps for the yr.
He has done that in the last two yr.He even dipped hand into reserve to make up at a point
Forward eps could come to #60 for full yr.
So I see #50 very likely

DIL nneds every cash it can get at the moment. At least till the refinery becomes stable.

Ibrahim505:
Morgan Capital recommend entry into Aradel @500 and exit at 750.

They're not wrong since they didn't put exit time. Could be anytime between 2025 and 2035.