₦airaland Forum

mercylicious:
I sold my transcorp today. The stock DT closed on full bid on Friday bt started d day on shaking legs. I sold some at 1.08 and d rest at 1.12.

At all at all na him worse pass.

I regret not entering tigrebrand abi dang flour. DT stock is heading to n5.

The market is such a strange place Transcorp, Fidson, 7up used to be my best buys now Tiger has eaten them all up.

And the high hopes I had for Flour Mills is misplaced, I was very satisfied with my BAGCo shares jeje..don't know who sent them message.

Godisfaithful:
I think Meristem do that sir.

Thanks.


Spoke to them some months ago, they were trying to sell me Eurobonds or Real Estate....I bailed out, so looking for someone that can buy what I want and not try to sell me what they have.

Is anyone aware of any Nigerian Stock Broker that can buy stocks abroad? More like an index like Vanguard or Betterment.

Any help will be appreciated.

I will tell most people how much I make if they have the courage to ask me. I see it as a way of encouraging people especially considering my first salary was a mere 5k when I got out of school. I however, make it explicit that what I make is mine and not a function of how much I will give anyone (including Wifey). I see myself as a lazy banana and cannot continue this everyday work forever so retiring early in usually on my mind. The only way I can do that is by living as frugal as I can and not exceeding my charity budget.

I will encourage anyone to be free with how much they make especially around family if you can manage it.

Even the Iberia pull-out has been twisted so much. Iberia and British Airways are owned by the same parent company "International Airlines Group" which was formed as a result of a merger. It only makes sense to consolidate efforts even though that may just be one of the benefits. If I were a shareholder, I would be asking why we have two companies running the same business except routes are entirely different but even that can be consolidated.

Nigeria remains very profitable for sound business managers.

Manonamission:
Yes, you are right. The registrar will send back to your bank for confirmation though. Personally, I prefer this method. I do transfer forms only when process was initiated long before earnings season. If you have the time and can do a little run around, you could check with CSCS as someone advised too. They are quite responsive.

I can confirm some registrars will not take a BC in place of signature specimen even though you would think they should. E.g. Flour Mills registrars. I think a BC is really required when you have an irregular signature on your signature specimen form and E-dividend form otherwise it is not worth the cost. Some registrars like FBN registrars will still demand for it sha? No real logic to it in my opinion

rebekah2011:
Pls direct your anger towards the BOARD. In my opinion the whole Board should just go. They have proved over and over again that they are just not competent.

Exactly! Looks like the board is working for Oando. lol

Princkez:
how much dividend

This FirstBank result deserves a thread of its own, like they were waiting for it to be released with Game of Thrones.

tete7000:
Can you prepare a 2017 budget when you have not executed 2016 budget? Is performance of 2016 not suppose to be a premise upon which you build 2017 budget? These people can confuse themselves.

No, you do not need performance of 2016 to build a 2017 budget if you already have a plan in place for several years. I think the FG and House have messed up a lot with 2016 budget but that doesn't mean they cannot start working on next year's budget as long as we are clear on where priority is, and the folks at the budget office can at least have something to. If something changes, there can always be a supplementary budget anyways. Personal Finance is not very different from any other kind of finance and I have a budget for 2017 ready already because I know what my plans are...yeah things may change then you make adjustments.

I understand there might be other opinions but can we please focus on the matter on ground and stop this hatred. It breaks my heart to see young people take politics so personal and not see the good in anything done by some people they hate or have no love for.

tunene66:
Mine was accepted

They probably have your signature specimen already.

Coolcash1:
I have never been a purveyor of this policy ab-initio..The pains are obviously more than the touted gains...Devaluation destabilizes a country's economy than stabilizing it..There is need to diagnose our own problem; is it liquidity or pricing? To me, its liquidity and not the later so devaluatn is not the solution. I will suggest the solution is for government to stimulate the economy by increasing spending, borrow more money, lower interest rate and puruse import-substitution. However, there is need to exercise caution when borrowing as this must be external than internal to avoid crowding-out effect.

My take. More contribution is welcome from other erudite members of this forum

This has always been my position and still is...albeit a reaction for us to devalue or not because of Foreign Investors that were pulling their funds

"Hmmmmmm


With what is available in the public domain, I agree that a devaluation is in order.

However, I am also mindful of what we may have termed the knee jerk reactions of the CBN over the past few months. I see an institution that is not sure of how it will do it but has the goal of keeping the naira as strong as possible...I support this with all of my Nigerian blood. I am also of the opinion that even though a devaluation is going to happen, it does not have to happen now. If it does without blocking the leakages and putting a system in place, the black market will just go higher and still the so called investors will be waiting for the next devaluation. We will never stop...So I wonder what we will have achieved by doing so. I wish I could deal with the banks...they are the greatest culprits, then the currency speculators.

I personally do not see any point in devaluing our currency with the hope that foreign investments will flood in. Hey! Once you do that remember you have also devalued the value of assets you have in your country. Who is the CBN supposed to be helping....local investors or foreign investors? I believe a balance is required."

I believe the naira should be trading at between 250-300 to a dollar due to the fall in prices of oil and our ever insatiable hunger for importing almost anything

mercylicious:
Guess what? Today is my bday.

Happy Birthday...wish you the very best in this life and the hereafter. Ameen

Dividend Alert!!!

Dangote Sugar....arrived 17:15

Manonamission:
Just exploring a possibility that the market could have over-reacted to the negative news surrounding this bank. Someone once predicted the bank will sell for N2 but I want to believe the market has factored the bad result into its current price. Anyway, my eyes are wide opened.

Oh I see your point...that's a very optimistic view but I like the idea. Thanks

feelamong:
If the results are bad.....Price will fall; then you buy more. (I bought my first tranche of FCMB at 99k and the second tranche at 0.70k)

Cos if the result end up not being too bod, it goes on bid and you miss out!

So why not buy now? (actually bought mine at N3.03) and have been waiting to buy more as soon as a bad result is realeased....

Thank God I will only hold for a short time as the 1st qtr result should clear all..

do your DD sha!

*ThE MoNkEy*

Did my buying also...waiting to buy more if it is bad. The aim is to cash out when it goes up so buying more is just a way of reducing my average cost price. So whichever way it goes, am ready to play.

NuttyChoky:
If FBNH no kill me, na me go kill am...

That is the only stock I have a sentimental attachment to because of how e nearly wreck me last year

Lol. I am expecting a bad result, maybe I am wrong...so prices will fall. Why buy now?

Godisfaithful:
Sir, don't worry! When it is time the cock will voice out . Just keep your eyes on the goal post not the spectators

hahahahah. I actually just look at the result once in a while, I never bother about the spectators or goal post. There is always time to watch a replay of how we played as long as the result is great. If the result is bad then of what good is a replay except for some learning points though.

Coolcash1:
Please DM me and let rub minds...

Noooooooooo!

This is cheating, rub minds here

Coolcash1:
Very true. Yours truly bought when it was 0.92K and 1.81....Don't ask me how many units..

You my friend is really making Coolcash at least on paper.

Raider76:
Tiger brands reversing. The bull trap is complete. It works all the time.

Stocks will always go up and down but remember some people bought that same stock at roughly 1naira just in February. So in reality we are back to the same thing...know when to get in or be lucky in getting in.

Hayyee2002:
I love this forum. The good, the not so good, the bad, the not so bad and the ugly are here. One thing is common to the goal of all, to invest and make money.
This is stock trading, highly risky investment platform, information are key. U only need to filter and follow your instincts on the ones you will take.
In the light of this, it is absolutely unacceptable for anyone to personally attack someones else opinion. You have every right to take it or leave it.

I read with awe those direct attacks on peterichy's opinion. This is a no no guys and it's not funny. Some of the attacks are blasphemous and maligning. Acts like this would even deprive this forum potentially good information for fear of attack on their opinions.
I believe there are no kids here and if there are, it's time for you to grow up. I read about a 24yr old fresh college grad who raised 24millions dollars in fund for investment. He's one of the young people today taking the world by storm.
Please children and opinion-attackers should stay out of this forum.
I hope we will turn a new leaf and focus on the goal of a smart investor we all like to be.

See you all at the top!

*The Eagle * signing in.

Well written and I think most people feel the same way as you. However, there is a limit to the amount of bashing the human mind can take and this is just a blowback. I have always ignored him because in truth he serves a purpose (that voice that makes you carry out all the risk assessment you know how to before buying a stock because you don't want to hear it say "I told you so") but he did make it personal by attacking a group of people for the wrong reasons. I was being a Nationalist by giving him smack back to reality...am sure others had their own reasons too.

*The Carpenter*

PETERiCHY:
If Sanusi is not a corperate thief?

Why then did he give
BANKPHB,
AFRIBANK,
SPRINGBANK
UNIONBANK,
FINBANK,
OCEANIC
INTERCONTINENTAL,
WEMA and
UNITYBANK

Till September 30 2011 to recapitalization while on 5th Aug 2011 been a Saturday.

He and his crimminally inclined cohorts SUDDENLY nationalized AFRIBANK, SPRINGBANK and BANKPHB.

Funny enough their northern agenda UNITYBANK passed the so called STRESS TEST.

Well that river i ve crossed it and I'm better off today.

It's now a lesson for the newbies and intending foreign investors to know how crooked things are done in the Nigeria Stock Exchange. Period!

*ThE OcToPuS*

Sorry mate now you are acting delusional...(not meant as an insult). The C-in-C who is from the north was loaded on PHB.

I just hate it when people make bad investments and cannot admit they were wrong. Move on man!

PETERiCHY:
Mind you on Aug 5th 2011, i have over 11m trapped in BankPHB shares Courtesy of Sanusi bank nationalization.

That's why it's called a STUCK MARKET or rather a gambling platform.

So newbies ought to know what they are really getting into.

*ThE OcToPuS*

Oga you invested your money with baboons. I see where your motivation comes from ...it is well.

ufotty2001:
tigerbrand artificial bull... men in black @ work

They just changed their name from TigerBrands back to Dangote Flour....that is worth at least 50k-1naira

Chukzyfcb:
Thanks! Yes it is 7%, records on their website for the last 3monts hovers between 7-7.8%. So long the principal is secured, I dnt have a problem. Firstbank has been offering 3% f.deposit since december, so I had to seek better option. Thnks tho

Wow! that's worse than a savings account @30%MPR when MPR was (11%) will do better @3.3%.

Chukzyfcb:
You are doing a great job here explaining the fbn quest thing. I'v got a question to ask tho, supposing I Invest in FBN money market fund and the minimum holding period is 30days & comments have said they pay interest quartely. If I held my Investment for 4months before pulling out, how wiill I be paid?
Will I be paid interest for the first 3months, then made to wait another 3mnths for the accrued remaining interest. And does this Involve my principal too,when pulling out my funds. Lastly what are the charges from fbn mmf , if I decide to pull out my funds before the minimum holding period? Waiting for a quick reply coz the potential sum to be invested is HUGE! I no want any "risk"

1. Yes you got most of it except that when you get in matters! You will only get paid when payment is due which is Jan for (Oct-Nov-Dec), April for (Jan-Feb-Mar), July for (April-May-Jun), Oct for (Jul-Aug-Sep). So when you get into the fund will decide how your payment will be. If for example you get in 1st Jan, it means you get paid in April for the first 3 months, you then withdraw all your principal by April ending (considering your 4 months timing), then you get paid again in July for the funds you had with them for month (April). If however you get in say Feb 1st, you get paid for 2 (Feb and Mar) months in April, you withdraw your funds in May and in July you get the other two months (April and may). Note you can take your principal at anytime... no charges if after the holding period (1 month) and if before the holding period, a penalty of 20% of profit earned....your principal is given back to you intact.

2. I think they charge 1% but I have refused to confirm this because it doesn't matter...rates are net charges so how much any fund manager charges in this scenario is of no benefit to an investor. Note I said in this scenario. I will try and explain...if FBN says they would give 7% and charges 1%...that means they made 8%. If StanbicIBTC says they would give 7.2% and charges 5%...that means they make 12.2%. Of what benefit is the rates they charge to me when all I want is my share? I only need to go with whoever pays better regardless of the charge.

I think all the questions have been answered. All the best and thanks for the compliment...much appreciated.

2cato:
i am having the same problem too the kwestion is can i just walk into any branch and make them confirm it? Sombody should pleasf anrwer me

Yes, you can just walk into any branch and have them endorse your E-dividend form and it is free of charge.

JAS10:
its not about nse, its about not crediting my itrade acct after making fund transfer since last week.

Ha! they are that useless atimes

JAS10:
tanx. i am sori to say, they are not responsible at all. i ve sent mails morayoj,customer,info,ceo .......... but non has rep[ied or acknowledged my mails.

Received an email that the NSE had some technical issues today and as such had to extend trading hours till 4pm. Maybe that's the reason why Morgan has a problem...not making excuses for them though.

Manonamission:
For those interested in Oando.....but why this late hour? Position should have been taken long before now when the price was below N4. You can't tell the outcome of the meeting billed for this weekend neither the market reaction to the outcome. Early entry reduces your risk, if outcome is negative and guarantees higher returns if outcome is positive.

The meeting was rumoured while Oando traded at about N3.30k. Buy the rumour, Sell the news. Just thinking aloud.

A lot of people try to time the market and end up falling yakata.

Glad I bought TigerBrands and more units of Oando very cheap. Waiting on Firstbank but am sure that will be a long wait. Fortunately, am a very patient man.

MadCow1:
I have always worked as a Contract staff up until middle of last year. I will give you the pros and cons;

1. There is no duration toa contract staff Job. Thats why you get paid on a 'Day Rate' basis. The day they get tired of you, thats the day you stop working.

2. Contract staff jobs don't usually have the termination benefits.

3. But Contract staff jobs always pay higher than permanent staff jobs.



Now be that as it may, I will tell you one harsh truth; THERE IS NO SUCH THING AS A PERMANENT STAFF JOB except you are working for a company that allows Unions.


SO my candid advise is to follow the money. Reasons;

1. SPDC experience is always nice to have on your resume.

2. Money, Money, Money.

3. The difference between a permanent job and a contract job in your case isnt worth it so go for more money.

4. Career Growth versus SPDC exposure, SPDC wins all day.

5. Money.



I was almost faced with a similar situation recently. I interviewed for a Contract Staff job with one of the IOC's and my wife almost lost her mind wondering why I wanted to leave a permanent job to go back to a Contract Staff job and when I showed her the pay difference....



Goodluck..

I work as a contract staff and the above as stated by MADCOW1 (cant believe I am recommending a madcow advice..lol) is the best advice for you.

Every job is a contract, that is why you have a contract of employment. People deceive themselves everyday thinking they have a permanent job. When there is no business, all employers will let you go including the government, when you do badly the same applies. When they just don't like your face same applies, although is not so easy to do that with a government job but you can always be frustrated.

So please pick the Shell job, keep improving on yourself and keep looking for even better opportunities.

By the way, one year in the Shell job is equivalent to 2 years in your present company and salaries don't increase by 100% as a lot of people might think. That will truly be an exception and usually only possible when you change jobs.

There are several ifs, but they apply to both jobs...why not stick to what you are sure of....double salary, Shell, 4 years on paper?

Godspeed on choosing right for yourself.

*Remember Job security is an illusion*

For those who have been looking for an investment in dollars http://www.fbnquest.com/docs/default-source/FUND-FACT-SHEET/february-2016-factsheet/fbn-nigeria-eurobond-(usd)-factsheet---february-2016.pdf?sfvrsn=2

This is particular great for those who make money in USD and keep them in the bank for nothing other than safe keeping.