₦airaland Forum

nosa2:
If it gets to the price I think it is worth I will happily sell. If there is news that makes me feel that my original thesis is wrong, I will happily sell. IF I wake up and the wrong side of my bum itches me and I decide that is a signal to sell, guess what I will do?

My number one priority is me myself and I. So long as I can justify my decision to myself I am fine with it. If anybody follow me and they enter bush then they are on their own. This is not a team sport. I am here to make money from other market participants (YOU)

Agbalowomeri:
Analyst is tired of market inactivity

PuristForest:
Next year is shaping up to be extremely volatile in the markets… e go hard. I really hope the ASI can reclaim and break 157, but here are the facts:

Nigeria is already under significant macro pressure — currency strain, rising inflation, the looming capital-gains tax, and ongoing uncertainty across FX and bond markets. Then came the Oct 31 CPC designation, which only amplified the tension, triggering an 8% drop from 157 to around 140.
…... DYOR

mallamOmonile1:
Ejoooo

Please how can one buy TIP PLC public offer?

I search internet i cant see the application form neither is the offer listed on Ngx portal.

Good evenning.....

funkymedina2:
Thank you. Customer service is very important for me

Stockhunter:
It is a huge one. But i am really hoping they do because if they do, there wont be any stopping ellah o with that kind of capital. And they be competing very well with presco and okomu. My only concern will be the outstanding shares. Well this may not matter so much if the results starts showing. They already have the publicity. Once i confirm they achieved the capital raise i will take partial long term position until the results become good then i scale up.

KarlTom:
Depending on your broker, the charges might make the final cost price more than the RI price...

gabscity:
Good evening everyone.

I plan to take up my PRESCO RI on Monday.

I have downloaded the PDf form from First Registrar, however I dont have where to pay into.

Please anyone who have done theirs should advise me.

Thanks.

Audacius:
IT SEEMS they have done an integration of the various existing systems that hold investors' data and MAYBE we no longer need to fill e-dividend forms.

I bought some stocks for the first time recently and I started getting emails from the registrars. I also observe that the e-dmmms platform is longer active. It has been like that for some time. People have been mentioning they have been getting dividends they did not fill forms for. I have too. But I observed such go into my savings account while the ones I filled e-dividends forms for go into my current account as I requested when filling the forms.

I assume the system has a criteria on where to send dividends to if it sees multiple accounts, even if it goes into an account you would rather not use. But an unknown account, as in your case, complicates things further.

Automating dividend payment like this is a development that could be expected. But the problem I see is that one has to figure things out. There seem to be no communication on the matter at all or not properly done. I try to keep up with investment news but never seen where they indicated these "development". We just start noticing and figure it out.

awesomeJ:
I live in band B! we enjoy subsidy.

awesomeJ:
Interesting thing about trading volumes:

Now that small 0.0009625 has not only cleared the 40k shortfall, I now even have like 120k surplus.

120k is significant to me. It's enough to pay my current power bill for a year!

emmanuelewumi:
Sell now and buy back

emmanuelewumi:
Sell now and buy back

emmanuelewumi:
You better sell your Presco shares

awesomeJ:
very high! sometimes up to 1% of deals.
fees are about 1.1%
margins are 1-2%

awesomeJ:
....implies i need less than N50m portfolio to trade N1bn in a quarter. My current portfolio is indeed below N50, but my trades are N700 - N800m per quarter.

Why do I need the loan?? To scale! For me, Leverage = acceleration.

mikeapollo:
Seems an account has been created using the CHN number
Call or email the customer service of CSCS; they would ask a few questions to verify ownership, and then they will give you the user name and password

awesomeJ:
PRESCO Div 27 just dropped.

nosa2:
You are spot on. If you have been in this market since 2015 you have probably lost money in dollar terms even though your Naira numbers will make you think you made a lot. I totally abandoned Naira assets in 2014/2015 and I only returned this year.

With regards to the Nigerian Bull market, we are still in the long term bull market. The index needs to touch 280k-300k for us to get back to 2015 levels. I strongly believe we will get there and surpass it but it will take a couple of years. This is why to me all these dips are irrelevant, because when you look at the macro economic situation you will see mostly upside.

I am investing in Nigeria because I truly believe that for the next couple of decades this is market will strongly outperform most stock markets

emmasoft:
For the fact that you have a stockbroking account with Cardinal Stone that means you have cscs account the same thing you call cscs number.

If you provided the cscs number and CHN in the space provided on the TIP application form, the unit applied for will be credited to your cscs account during allotment.

emmasoft:
@OoDeeA, To know if the shares have been allotted to you, request your CSCS statement from the stockbroker or check online if you subscribed to online access; your allotted units will reflect there.
When shares are allotted, they do not go directly to your trading account but to your CSCS account. Whatever appears in your CSCS account is tradable on the floor of the NGX, even if it’s not on your trading account.
Note that even when registrars announce an allotment, it does not automatically mean every shareholder received their shares. There may be one irregularity or another affecting your allocation.

In such cases, the appropriate party to contact is the Registrars (GTL), not the stockbroker.
Stockbrokers do not allot shares, so reporting the stockbroker will not resolve the issue because that will be the wrong target.

The registrar will sort out any pending allotment, not the stockbroker.

mikeapollo:
Market red.
The inertia arising from that bad policy is still dragging the market

unite4real:
Forget the twitter space. The most important document is the prospectus. If they do not have it there then I wonder what they are saying.

I also listened to the Twitter space and I heard it but that is not an official. The prospectus is the official document to rely upon

Meanwhile let's assume it is oversubscribed by X3, it means there will be over dilution beyond the plan. What will the excess fund be used for?