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Investment › Re: Mutual Funds by carpenter(m): 10:55am On May 07, 2015

taiwoliu:
wt lil knowledge, I tink oda rates run flexible rate I.e dey ain't tied to any stable rate lyk kgif. That's y dey r less guaranteed. Over to d ogas of d forum

You are correct...

Both models have their pros and cons and remember with KGIF, your principal is guaranteed but you are locked into the MPR which isn't bad. 13% is more than fair I tell you and they also claim if they make more money you will get a bonus.

With MMF and few others, they probably calculate the average of how all the holdings did for a day and that is what gives them the yield for that day.The average of summations for all the days of a month becomes the yield for the month and it goes on... or they may be running some models that I know nothing about.

A friendly advice, unless you investing a lot of money, don't worry too much about the less than 1% differences, they only make a lot of sense when the capital is much. Instead, focus on which one suits you better and invest today...time wasted overthinking investments can cost you way more that what you gain by trying to pick the best one based on yields.

2 Likes

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by carpenter(m): 8:52am On May 07, 2015*

For those who are interested in a dividend paying stock with little upward or downward movement, you might want to invest in Real Estate Investment Trust (REIT). There are a number of them and I have some shares in UPDC REITs for about a year now, they paid 87kobo per share in FY 2014 (56k interim and 31k final). Dividends are also exempt from tax, so you don't lose 10% of the dividends to the government. Also a good way of being involved in Real Estate without the usual wahala...

This might also help...http://www2.deloitte.com/ng/en/pages/tax/articles/inside-tax-articles/are-tax-exemptions-available-to-REITs-in-Nigeria-untapped.html

1 Like

Politics › Re: Really, Who Is Sanusi Lamido Sanusi? by carpenter(m): 6:37am On May 07, 2015

ilugunboy:
SLS is simply a religious bigot and religious bigots are threat to the society they lives in.

What the economy is experiencing now is what you get when you try to convert a natural goat herder to your chief treasurer - everything is going to be messed up.

Cecilia and Akingbola errors wil only damage the economy minimally, SLS error can shut down the country.

I believe SLS has shut the economy... grin

People should think before writing...i believe you would have grown in the past 5 years...enjoy

Investment › Re: Mutual Funds by carpenter(m): 2:24pm On Apr 15, 2015

Uchan4u:
Thanks bro but I will need more info on how to get started. I don't really know much about mutual fund... I just want to experiment with 20k. please help

Oga Sir,

Before you proceed...please read page 1-9.

All the information you need to get started is here. I think you will be able to move from crawling to walking much faster if you have an idea what you are getting into. I wish you all the best in your quest for education.

Investment › Re: Mutual Funds by carpenter(m): 5:22pm On Apr 10, 2015

Got paid my first dividends for FBN Fixed Income Fund, yield was 8.15% and capital has appreciated by 3.25%.

Dividends are paid twice in a year and I bought into the fund in December 2014.

Investment › Re: Mutual Funds by carpenter(m): 5:12pm On Apr 10, 2015

ednut1:
PRODUCT NAME
YIELD (%)
ASSET UNDER MANAGEMENT (N)
STANBIC IBTC MONEY MARKET FUND 13.28 35,757,615,454.25
ARM MONEY MARKET FUND 13.09 6,514,186,224.79
THE FBN MONEY MARKET FUND 12.97 23,590,175,000.00

fbn

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by carpenter(m): 4:56pm On Apr 10, 2015*

Elai147:
It's very disappointing and frustrating that this cannot be done automatically. This is part of the reason why unclaimed dividends keep piling up and SEC is not helping matters at all.

I have had this experience also and I think it depends on the registrars sometimes also. My case is slightly different though.

I have two stock broking accounts with the same stock broker... and I have company stocks shared between the accounts. The ones in First Registrars are treated as two different accounts and cheques are paid separately. In Union Bank Registrars (now GTL registrars I think), my two accounts are treated as one from a registrar perspective and I receive one cheque same thing happens to bonuses, split between the two acounts in 1st Registrars and lumped into one account in GTL. I personally do not see anything wrong in either way.

1 Like

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by carpenter(m): 3:53pm On Apr 09, 2015

Born2berich:
It is not a liquid stock like fbhn, transcorp etc

thanks

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by carpenter(m): 3:51pm On Apr 09, 2015

Youngzedd:
What is their current price per unit?

ended close to 10 yday

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by carpenter(m): 3:50pm On Apr 09, 2015

mercylicious:
Cos its not volatile.
The price has been n8 since I joined stock MKT.

I see your point. hmmmmm i have seen it get to 12naira a few times in the past

Thanks

1 Like 1 Share

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by carpenter(m): 2:33pm On Apr 09, 2015

Just a thought...any reason why Berger Paints doesn't get mentioned alot here.

Their dividends in the past 6-7 years have been very good compared to the price

2008:30k, 2009:50k, 2010:70k, 2011:??, 2012:70k, 2013:70k, 2014:75k

1 Like

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by carpenter(m): 1:54pm On Apr 09, 2015

jamace:
Kai, abeg don't remind me of that bad experience again.
My investment lesson now is never to go near any stock that has plan to reconstruct. Even rumour of reconstruction will make me to pick race from any stock. For instance, since last year I heard rumour of reconstruction of Transcorp shares, I no get liver to go near it again.
The fear of reconstruction is the beginning of investment.

hahahaahh! My position also

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by carpenter(m): 11:27am On Apr 09, 2015

Elai147:
I tire ooo. If they buy after reconstruction they will be buying at a price with risk of bears. Buying @0.50 would have been better. Maybe they are planning to mop up before the end of trading tomorrow which is the qualification date.

Depends on what happens after reconstruction...if it is sold at 50k now and it is reconstructed to 5 naira and they buy when it drops to 3 naira...they get a better deal...even better if it drops to 50k again. That would be terrible though... if however, it rises it would have paid to buy now

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by carpenter(m): 10:31am On Apr 09, 2015

Born2berich:
Oga carpenter, you no like me at all..Chia from std ins to beco petroleum

You might be interested in Oil and Gas grin

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by carpenter(m): 10:13am On Apr 09, 2015

Elai147:
Nice one. This your No.3 ehhh? You be pastor ni? Do yo mean you'll not be willing to invest in stocks like NB and Guinness even when they have become the holy grail?

Am not very religious but top on my priority on this earth is to make heaven.

I am a muslim and staying away from those stocks is my own way of doing the best I can not to promote such businesses.

However, if I do not have a job and that is the only job available, I would work there to earn a living.

1 Like

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by carpenter(m): 8:24am On Apr 09, 2015

Born2berich:
Anybody interested in buying standard insurance, guinea insurance, consolidated hallmark, multi verse, IAI should pm me. That one I don't already lose over 200% as I bought majority at N4-N5. Now they are N0.50k

You my friend is a strongman.

I can trade beco for standard insurance grin

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by carpenter(m): 6:51am On Apr 09, 2015

Elai147:
Thank you my oga for this advice. In addition, don't risk money you can't afford to lose. Unfortunately, some of my ogas here do not agree with me on this but it remains the truth. If you can't afford to lose then the stock market is not for you. Try Treasury Bills or better still contact Feelamong.

I agree...

There is no one size fits all. I might be exiting a stock for the same reason someone else wants to enter. My first rule is know thy self and be able to answer some questions truthfully.

I try not to follow the crowd and I believe if you pick a stock with good fundamentals you will always win in the end, the level of your winnings will however still depend on how much you paid for it. Never forget to ask for the price, and don't ever think for a second that you will get it right all the time. There will be loses of -58% and there will be gains of +1000%...untill you sell, you have not lost or gained anything in reality besides dividends which I treasure so much. If you will not be able to manage your emotions to your advantage, invest in a mutual fund https://www.nairaland.com/1912965/mutual-funds ...you will average 10-15% on a yearly basis (some guaranteed, others not guaranteed) and depeding on the fund you choose, you may have capital gains also.

I follow the below steps when investing in the stock market, please note that this is not prescriptive, it is just descriptive

1. Is the price right? (I do all my calculations based on the price I bought a stock not the price it is currently and they are very elementary calculations, after all ...what I gain or lose is based on the price i bought in relation to the market at the time I sell)

2. Am I okay with the risk of taking a big loss on this company? ( I consider myself an owner of the business first, not a monkey merchant. You cannot be pig farmer and be following the ways a monkey farmer feeds his monkeys)

3. Is the stock ethical for me? (I am not inclined to buy into businesses involved in alcohol, the others I can manage with some judgement of my own)

4. Gut feeling (we cannot rule our emotions, it makes us who we are)

5. Evaluation on a yearly basis based on new knowledge acquired (i am not afraid to say...wow! I messed up with this, sometimes I cut my loses, sometimes i build on them). I pick up a lot of things from here from time to time.

6. I take my investments serious, if a company I own has released something I should know (When I visit my registrars I have my manual records ready with me, am going there not to know whats up but to compare figures. From the reception I got the last time I was at a few registrars' office, this is not something they see often)

Note: I am largely an Investor so some of these may not apply to you if you are a speculator

Finally, a profitable and ethically run business may not neccessarily translate to profits for an investor.

3 Likes 1 Share

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by carpenter(m): 5:47pm On Apr 08, 2015

Michael11stock:
you and these issues you always have with bank stocks nawa oooo UNITY NKOR? U GO BUY?

nah!...I would not even touch GTBank sef...sold all my GTBank, Zenith and Wema and made some good money. I want to focus on companies that produce tangible products.

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by carpenter(m): 5:41pm On Apr 08, 2015*

Michael11stock:
@ Carpenter to be candid with you give your money to reputable fund managers, let them manage ur investment for you ok.

or let us partner together, bring the fund and i will trade for you.

hahahahaha Ose! but no thanks

I average more than 250k dividends every year since 2011 and my projection for 2015 is 500k. Am fine trading on my own, what i make is way more than what I lose. I do Mutual funds but only for diversification and to see how that works out also. FBNH might still be sold sha...for their poor dividend and other issues i have with bank stocks.

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by carpenter(m): 3:17pm On Apr 08, 2015

nitrogen:
Michael11stock just gave you a cool advice, target defensive stocks, and go to sleep. Japaul is a very good example.......

I have been sleeping since 2007 or 2008 on Japaul, Beco, Chams...worst investments of my life

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by carpenter(m): 3:11pm On Apr 08, 2015

Michael11stock:
yeah you are right go back to your carpentry or just buy Japaul from me go sleep till next 5 years.

Japaul ke...I have like 150,000 of that useless stock grin

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by carpenter(m): 3:04pm On Apr 08, 2015

nitrogen:
Haaaaaa! Baba Carpenter, wetin you dey do for NSE, face your commodities trading o.....

On a serious note, whether bonus or cash dividend, all na dividend, or have you hurriedly forgotten them Modigliani–Miller and some others' theorems niii?

I think this is my cue to get out of banking stocks...I don't have time all their wahala jor. I just need to wait a while and make sure i don't suffer any loss. Guys please keep buying so prices can rise

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by carpenter(m): 2:49pm On Apr 08, 2015

nitrogen:
Rubbish

10k and one for ten??

Modified: Not bad, I just calculated the yield, cool stuff.

Really! They should hold their bonus and pay dividend jor. grin

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by carpenter(m): 5:42pm On Apr 04, 2015

megainvest:
Check here: www.cashcraft.com/dividends.php

Nice ...Thanks

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by carpenter(m): 5:21pm On Apr 04, 2015

This is from my archives, I had this before I started investing.

I am not sure of the figures as this was done a some years ago and i stopped updating it in 2011 or 2012.

By the way i didnt know how the years worked back then ...so 2008 will be FY 2007 and 2009 will be FY2008 in that order

1 Like

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by carpenter(m): 5:09pm On Apr 04, 2015*

duni04:
Biko where can I access dividend history of quoted coys?

You might need to check the company site. I keep my own records but only includes companies I receive dividends from. I would be interested in a consolidated list also...dating as far back as possible but 5years back realistically. If you have a specific company in mind, i can post if i have that

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by carpenter(m): 5:03pm On Apr 04, 2015

Dragonking:
this yr might pay 10kobo.

I am inclined to go for a value between 60-80k. I do not think the situation is as bad as it was in 2009 and may be better than 2010.

FY2009:10k, FY2010:60k, FY2011:80k, FY2012;1.00, FY2013:1.10

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by carpenter(m): 1:06pm On Apr 03, 2015

jp130:
Moni i paid yestday is yet 2 b creditd 2 ma acct. Calld yestday n morgan said dey avnt gottn alert yet. Wat is wrong wit zenith ban

Has the bank deducted the money from your account? If they have send Morgan the confirmation receipt. I will advice you not to be worried until Monday then mail the bank or call their 24/7 customer care.

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by carpenter(m): 9:43am On Apr 03, 2015

myjoy08:
Sir, I will advise to contact their respective registrar as stated by Oga Carpenter, they will surely guide you on what you will need. Their address and phone number are listed below:

FCMB

City Securities Registrars Limited
Primrose Tower
2nf Floor, 17A Tinubu Street, P O BOX 9117,
Lagos State, Nigeria.
01-2665944-53
01-2641298, 7924462

Fidelity

First Registrars Nigeria Limited
Plot 2, Abebe Village Road
Iganmu
P. M. B. 12692,
Lagos
Tel: 234-1-2799880, 2701078, 2701079
Fax: 234-1-2701071, 2701072
E-mail:- info@firstregistrarsnigeria.com

To add to the information above

1. First Registrars asked me for bank confirmation. I was there in January this year

2. City Securites is now Cardinal Security Registrars, I was there in january also...i think they close around 3pm or so

358, Herbert Macauley Way, Yaba, Lagos (close to Saint Dominic Catholic Church)

2 Likes

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by carpenter(m): 7:05am On Apr 03, 2015*

edwardaigb:
I want my dividend pd directly into my bnk acct, what do i do?. Fcmb and fidelity, i use morgan?. Bros myjoy help.

If you have bought from floor of the exchange (you didnt buy in an IPO), go to your stock broker and have them send your signature specimen to the registrar of the company you bought stocks from. After that has been done, go to the registrar and fill out an e-dividend warrant form. That will be all.

The registrars unfortunately, are not guided by the same requirements...some may ask you to bring a bank confirmation, others will only request for bank confirmation when your signature on the e-dividend form does not match the one your stock broker submitted to them. Bank confirmations are around 2,000 in FBN, i dont know about other banks. However, do not get a bank confirmation until you have been to the registrars to know their requirements.

Finally, some registrars have their e-dividend form on their website, print a copy, fill it, have your bank sign and stamp if required (this is free). Then visit your registrars office and submit.

2 Likes

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by carpenter(m): 2:42pm On Apr 02, 2015

Elai147:
You are right. Not all bonuses are good deals. Sometimes it pays more to take advantage of capital appreciation from the dividend rally and forget the bonus. If a company declares dividend and bonus and I'm in for short/mid term, I usually wait until a day before closure date (when the stock will be marked down for bonus and dividend) to see how much I can gain on capital appreciation. After a guesstimate of the possible mark down price and a consideration on the strength of the coy to go back to its previous trading price, I make my decision to sell or hold.

You seem to have been missing in action for a while in this forum grin

I can even understand dividends, it gives me an opportunity to get some of my money back to meet other needs besides the feel good factor. As for bonuses, it just favours the company because more investors and speculators might be tempted to buy more at lower values.

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by carpenter(m): 12:51pm On Apr 02, 2015

Born2berich:
I dont expect FBNH to give bonus, however, dividend will be between N0.80k-N1.

I have never really understood the theory of bonuses besides the feel good factor which you get by having more units. I would rather have less units as long as the value is the same as twice that number. Anyone care to school me a bit?

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