₦airaland Forum

PedigreeCity:
I bought on.t from my usd.t on bi.nnance for about 20min ago but the money is yet to reflect on o.nt till now after stating ''success'' as usual.

What's going on
Someone should pls help
What could have cause that pls

Could also mean that you successfully placed the trade. Could be waiting for execution.

ExtraUniqueGuy:
Please, which kold wallet do you make use of?

Ledger Nano X

Timekeeper:
I can see it but how do I go away from perpetual and move to spot

At the bottom of the screen to the left of 'futures' tab, click 'trades' then you can select spot from one of the tabs on top

samguru:
Today, the tyrant "Mr bear" entered our trading floor through the back door and desecrated our revered stocks that are preparing to reward the patient investors.

As at the time of filing this report many casualties were recorded as the bear was so aggressive to the extent of sparking a bloodbath on the floor.

No thanks to the treasury bill guys as they keep encouraging Mr. Bear to do more damages, but our Chairmen(Dangote cement and MTN) rose to the occasion and repelled the attack.

The situation has been put under control as All Share Index was navigated to the north by our defenders and territory reclaimed from the blood thirsty bear.

All the stocks that sustained injuries have been rushed to the hospital of BARGAIN HUNTERS and we expecting them back on the floor tomorrow healthy and hearty to join in the struggle to put an end to the reign of the wicked bear.

Is this not erroneous? That 1 or 2 overweight stocks gained and skewed the index must not be misinterpreted to mean that there was a reversal of the bearishness!

The picture is still very red.

We wait at the bottom (assuming one knows where it is)

Wannabenz:
I want to buy 50k betece. F2f deal. I'm in Onitsha Anambra State.

Negates one of the properties of digital currency

TwiceASGiant:
Hello All,

I would like you to share your knowledge and insights with me on this tax matter.

Assume that you're working for a multi-national company in Lagos and you periodically set aside around 60% of your net monthly pay and invest same into the shares of well-run companies listed on the NSE.

Assume further that at the end of ten years of working with the multi-national company, you decide to resign and incorporate your own company by being a distributor for the multi-national company's products.

However, before the incorporation of your company, you sold all your overvalued shares in your personal name and moved the proceeds into your newly incorporated company's bank account. In this case, would the person be liable to pay any tax to the Lagos Internal Revenue Service (LIRS) or the FIRS based on the proceeds from his liquidated shares?

Thank you.

Dunno how it works in Nigeria. Why move personal funds to corporate account. In this part of the world, you must account for it to HMRC. You have to prove it is not payment for goods/services rendered by the company.

Mcy56:
This is unaudited result.
All the results released so far are mostly unaudited, that's why we're not seeing declared dividends yet..........audited should carry Dividends.
Hope I'm right.

Yes u r

DrAwo:
It's indeed amazing how discussions on this thread has gone from investing to gambling...

Is that what we have become now? Maybe I am being too critical though...

Happy investing...

Sorry... My mistake...
Happy gambling...

Speculation is part of the dynamism in the market.
In advanced climes, speculators full ground wella!
Am sure you must have heard about the reddit-gamestop-robinhood brouhaha. What do you think it is?

Has anyone received their AIICO/NEM bonus?

SA44LA44:
Thanks for you response. It’s a bit clear now. So does this mean any sales of share that I make will be paid directly to my bank account. I use to think it will remain in my cscs account

It stays with your broker unless you request them to pay into your bank account. I am also aware that there is an option for direct bank settlement by CSCS.

yMcy56:
Not enough info.
Maybe you contact your broker on this,
Or
Send mail directly to CSCS for detailed explanation.

**Whosoever knows should help out here**

When you buy any share, it takes T+3 (transaction date + 3 days) to settle in your CSCS* account.

Additionally, the proceeds of share sales can be directly credited to your account by CSCS through one of the direct settlement banks

*https://cscs.ng/about-cscs/

Does this answer your question?

yMcy56:
Oga Chibu is here with his analysis paralysis again.
Hope you took part in the Mansard bonus eventually.
You can't compare Lasaco with Unity nah. That stock is supposed to join the league of good insurance stocks, the likes of NEM, Mansard and the like.
Wish Lasaco had informed us earlier, we for done join the bus today.
Let's see how it goes sir.

Topped up today. Let's hope it performs

Heishere:
Lasaco to issue bonus of 1 for 4 and trade suspended for two weeks starting from Monday.

Please what is the qualification date for the bonus as it was stated in the letter?

http://www.nse.com.ng/Financial_NewsDocs/32276_LASACO_ASSURANCE_PLC%20NOTICE_OF_SHARE_RECONSTRUCTION_C.pdf

bonus? you must have read it upside down

It was for share reconstruction which was always in the works anyway

ukay2:
How do you think it will benefit UBN shareholders at the end

If they do not offer higher price, then the herd will push it up. Either way it is a speculative punt. 15-20% will do me

http://www.nse.com.ng/Financial_NewsDocs/32288_BUA_CEMENT_PLC%20_AUDITED_FINANCIAL_STATEMENT_FOR_2020_F.pdf

nna777:
Same thought. 75million also crossed yesterday. Total now is 150million shares crossed.

All these vloume is not for nothing.

The denial by Atlas Mara is expected (at this stage). It was first rumoured before the pandemic, I believe the pandemic slowed down the works. These things follow a process, it is only a matter of time before a bank amongst the FUGAZ comes knocking

https://nairametrics.com/2020/03/14/update-reports-suggest-zenith-bank-considering-merger-with-union-bank/

I have taken a speculative punt @ #6 here. I don't intend to hold for long. If it goes bad, I'll convert to long-term thinz.

Caveat - This is strictly my opinion, not any sort of advice. I am very elastic when it comes to holding long term

Zagee:
Baba you too cause panic, any way sha for short termers. As for I dey wait to pick up below 1 should it resurface. Can't wait to see what this will look like this time next year.

same

Princkez:
Picked some units of UACN PROPERTY @.80...

Got my last fill @79k. I am done unless it gets to 65k levels

Jollity:
LIvestock result was good but no one seems to care.

Because it has already gone. Some people bought at 60kish.

yMcy56:
So you never confirm since Sept 2020 when you were expecting prolonged bear?

Anyway, the post I quoted reffered to Jan 2021.
Check @brokerharuna's post in which I replied to.....around that time.

cautious optimism no be bad thing na.

You know say yours truly gidigbam

yMcy56:
Dec 29, 2020 post.
@brokerharuna how far nah?
Remember this post?
When we talk say things have changed since 2020 Una no wan believe.

Seemingly! We would confirm this after the earnings season.

megawealth01:
Only Mr. Market will decide that sha... For their parent to buy at 2.60+ they have a game for sure either gamble or some news... Champions has truly rewarded me... I must see the end of the GAME

I am expecting UAC-PROP to do me well too as I have been buying this COY since last week... I stopped buying YESTERDAY

am currently looking to topup @ 70k

gloriousdawn:
In my opinion, I will say let wait and see their report, then we can analyse the effect of Covid-19 on their business.
We will then relate the outlook of Covid-19 to NAHCO future (short to mid term) business.

I have been buying. They would normally provide a tidy CF.
However, I am aware their FY2020 will not be fantastic, nonetheless, I am looking to the post COVID19 pandemic.

DrAwo:
If they were a bereau du change, this would have been a fantastic result...
Gains from foreign exchange translation to the rescue...

unite4real:
"Unilever Nigeria Plc a leading consumer goods company in Nigeria declares in its unaudited annual financial report that it made a loss amounting to N1.59 billion in the year 2020.

This is according to the information and figures disclosed in the Company’s unaudited financial statement published by Unilever on the website of the Nigerian Stock Exchange."

.... Nairametrics

Unilever overseas has been increasing their stake. I see minority shareholders' buy out loading

megawealth01:
I didn't want to talk about this one so that people won't cry monkey hunting

I have had my fill. The herd can now turn to this direction. If it falls more, I buy more. afterall na awuf from MBenefit

Bought UAC-PROP today

It may be a long play, but I have confidence in the Custodian guys

debeey87:
I think you quoted me for union diagnosis share but I didn't respond to that

ooops, sorry

OBAGADAFFI:
Yes sir.

My rating for insurance compnies.

1. Custodian

2. Axa mansard

3. AIICO

NEM will surely fit in somewhere in this list!

debeey87:
Correction happened yesterday for crypto, you could have caught the bottom in selected ones and made quick gains if you're not holding for long

Court ordered meeting to rubber stamp minority shareholders being out at 35k/share. the detail is in the public domain

not for dividend!

DrAwo:
We all know that the insurance sector bull was largely driven largely by speculation and not necessarily by fundamentals...

Speculation on the dividend can as well drive cavertons' prices upwards...

Realistically, if I owned caverton, I'll not be expecting a dividend this year. If it happens great, and if it doesn't, I won't be surprised...

Oga Ositadiima, check your email! Haba!

Hence, we collect our dividend from the purchase price

PuristForest:
Similar setup technically with Caverton....Technicals can fail...dyor

Do you think NSE obeys technicals?
Has anyone ever tested it emperically?