₦airaland Forum

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.

How much do you pay in fees on a <50m portfolio doing 800m turnover? How many % do you usually scalp off a stock to make it worth it? My mind cannot imagine the frequency of your trading

Thanks for your help, issue is sorted now.

The website looks like it was designed in 2003 though . The dashboard has nothing showing on it too. Asides seeing all your PO shares, any interesting actions one can perform on cscs?

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

Abeg i received Presco N10 dividend into a company account I opened years ago (2018) and forgot about and have definitely never inputted on any platform. I only began buying Presco shares recently and have not even been able to use FirstRegistrars mandate form because it keeps giving me error(hence my going the NIBBS route). I don't even know the account number because it is **** in my email alert. How is this possible? I am so angry. Where did they get the account number from?

awesomeJ:
PRESCO Div 27 just dropped.

Same. I switched completely from naija mutual funds to Eurobonds/REITS ($)/NYSE since 2018 or so. I've had an average of 12% pa in dollar terms (I would have been at a great loss in naira terms if I'd stayed). Finally entered the NGX becaue I see great things happening in Naija Palm Oil (Presco) and Gas (Aradel), and the stable dollar may finally make the whole stress be worth it. If the rate starts that silly volatility, I'll just cut my losses and move on from the NGX finaly . I also agree that everything is being repriced due to inflation.

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

Yes but will i see the stocks in my cardinal stone account? The paper also asked us to inout Broker name

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.

Tried to open a CSCSOnline account but it gave me this error. Suggestions?

Hello, thanks for your explanation. Abeg i get question.

Does this mean I won;t see my TIP shares in my Cardinal Stone? I have to open a CSCS account or what to access them? I have a CSCS number, but not the account.

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.

I have finally applied for TIP PO. Now we hope and pray for the best in the years to come

Things dey sup for Aso Savings

BTC is currently $89k. I am now being tempted to use my TIP PO money to buy it

Red days are good sometimes. Shows there is sanity in the market. I am particularly loving the red streak on the NYSE

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

No wahala. They can return my money if shares no reach me. I no go cry. There will be other opportunities. All na part of risk.

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?

When funds are oversubbed, is it on a First Come First Served Basis or they prorate it for everybody

unite4real:
The PO could be oversubscribed and your fund may be tied down for long time before returning the difference from what you are allotted. If the subscription is way over the bar, you may not even get up to 30% unless the company decides to absorb everything which the prospectus did not mention

They said it themselves that they will absorb everything. I listened to their twitter space.

unite4real:
The PO could be oversubscribed and your fund may be tied down for long time before returning the difference from what you are allotted. If the subscription is way over the bar, you may not even get up to 30% unless the company decides to absorb everything which the prospectus did not mention

Thanks

ggoldmine:
It's directly deducted from your bank account during processing. From my experience, you don't have to pay before that.

Stockhunter:
You fit wait tire o. Better to be scaling up and down gradually. Na so chams do rights issue some de wait make e come down yet it did almost 100% from circa 2 to 4. Not to talk of TIP that has small outstanding shares. I see it getting to 15 before the closing date. I might be wrong though. A director bought about 60 million units at market price. Why didn't the guy go for the public offer. Just wondering..

I have already decided to buy the PO this friday and remove eyes. I saw an insider bought a boatload of the stock at around N12 or so just before the PO. What would make someone do that?

Yes I have some emails from them giving me the mandate details

sterlingD:
It will come when it is close to time for the dividend payments

Meanwhile check your mail for notification from NIBSS for your request.Of recent they send mails notifications

No debit yet.

Willie2015:
Check your account u input, u should have a debit.

Hi everyone. So I justed used the NIBSS edividend mandate service to register my stocks so i could get dividends. It calcuted what seemed like a bill for me (about N800), but didn't give me an opportunity to screen to pay it. Is there something I'm supposed to do?

Wondern hy they didn't put it on that NGX invest platform. I've had to fill the ridiculous form twice of because mistakes

nosa2:
Patience is a virtue

Still hoping for TIP Plc to fall below PO price of N9.5 but be like that won't happen

Hahahaha

Agbalowomeri:
You will get Aradel below 350 next year

unite4real:
Please share the link

To PO : https://www.initiatesgroup.com/blog/the-initiates-public-offer-update (you have to download/print and fill the form)

They sent me the prospectus in PDF so i can't attach it here.

HesInMe:
The SEC's role is to protect investors, but not from themselves.

Hahahaha

TIP has refused to go below PO price. Be like i go wait till the offer don nearly end

Nice! BUt i don already buy on the floor at 1356 over the last few days. I'm good.

Also, has anyone seen The Initiates Plc prospectus for their PO? I emailed them this morning asking for it and they sent me link to the PO. Do they not have one?

emmanuelewumi:
It is now out

Buy more if you believe?
I recall when Trump first tanked the market with his first tarrif in Feb or so. I nearly wrecked myself buy putting all my free money into NVIDIA when it crashed to about $99. Now I'm up 100%

dangle:
Circuit breaker needs to be activated. ASI down by 5.03% in a day!

Very few bills had as much attention as this New Tax bill did before being passed, it was debated to death on the floor and they were multiple media rounds. You could have even questioned Taiwo on twitter...but it seemed the important sections just went over everybody's head. Better pay your 25% CGT or put your money in Nvidia. Petition ko, rendition ni.

Don't stress the poor guy. This law had a round of public hearings and nobody said anything...everyone was just spazzing out over VAT rate. The nigerian chambers of trade and commerce and all the association of brokers and other making noise now kept quiet because stocks were pumping. Make una leave Taiwo alone and carry una cross.

mikeapollo:
I just found Taiwo Oyedele's email and phone number on his Instagram page:
enquiries@fiscalreforms.ng or WhatsApp: 08109753151

I saw that. Thanks a lot.

mikeapollo:
Contact th4e issuing houses. I listed them in my response to your post earlier on

I just dey ask sha (because naija NGX doings still seem trapped in 1999. You have to search for everything and nothing is centralized). I will buy today on the floor for 1360.

emmanuelewumi:
It is not yet out.

The RI will be out tomorrow

Lol.