₦airaland Forum

Send another very strongly worded email. Me I came close to insulting them and basically calling them thieves when I wrote my own email.
Write to ***(at)apelasset(dot) com,

'Talk' to the SEC in your email and ask them to investigate this thievery of your shares since you have missed the dividend date.

These were the people I kept disturbing with my emails till dboroh answered me. Lemme know when you see this so I can delete the emails.

Ourown:
I did write them a strongly worded email and cc'd SEC and believe me, nothing is happening. No response from anyone. Nigeria is such an interesting country. What else can I do please?

I'm not interested in the IPO. Na fertiliser I want.

Agbalowomeri:
Una still dey wait for IPO wey go return una money

Anyone want to guess how low MTN will fall before Dangote IPO?

HBM trading around 312. Waiting for TIP at N20

Shebi na human beings like you and me go support the share price? Isn’t this just the market being the market?

yMcy56:
These AVA people....
I mean who does this shortly after listing?
This has been happening everyday without any tangible explanations for it....
Even if it's one WhatsApp platform that's downgrading the stock and causing panic sales in the Market, the regulators ought not to fold arms and watch investors money draining daily!!

I think SEC needs to investigate into what's going on, if they're truthful about protecting investors and sanction any culprits involved!

The fact that they're newly listed is enough to keep supporting the share price until there's stability in the market.....
I hope they're not out to scam people!

I'll try send mail to SEC on this....
If they like let them not reply

FYI

Shifting goal posts how and when? my cost is 767. Why won't I buy if it dips more? I bought a little (as funds permit) on Monday at N790. Make e dip to 650 sef, if I see money, I go buy. My purpose with MTN is to accumulate units.

yMcy56:
If it dips more will you buy?
You'll keep shifting goal post like Peter 😊

Today is HBM Ex-div. Currently trading 316-323

I am hoping it even dips a little more. MTN fit even see 700

yMcy56:
During Bull when some were complaining about the 100k Rule, I remembered telling them that it's Bear 🐻 period they'll appreciate the Rule.......

Now, I believed they can see one of its advantages.....
If not, the ASI for don tumble reach circa 100 😁
Maybe SEPLAT for don dey sell around 3k now 😁

Hopefully, SEC will be on top of situation with the new Rule...

* For those of us in the market, let's exercise patience.....many Portfolios are bleeding now, the tide will still change positive again.
Remember: You don't lose until you sell.
It's well.

The pegging was one of the many Buhari issues. Banning 41 items, pegging the dollar in a way that made it impossible to get on the street, closing the borders, Ways and Means etc. =

Bizibi:
was the problem really pegging?? Or it was just clear mismanagement and impunity. Companies needed dollars but they were using it for silly things.

Yes, they are all regulated, even the sub brokers (like Bamboo, Hisa and Cowrywise)

elpaso007:
Thanks for your response.

Since it is going to be for long term positions, I am looking out for brokers that have good quality of service & corporate governance. In simple terms, I am looking out for one that has better process & management in place.

But I doubt any of them will move mad without SEC knocking them down sha. So my fears maybe unfounded.

I use CardinalStone, no complaints. No account opening fees. I think minimum you use to fund your wallet is 50k and that’s all.

elpaso007:
Greetings everyone!

I am thinking of domiciling my long time holdings to one of these brokers, FSDH or Cardinalstone.

Which of them will you recommend I go with. How much are there respective account opening fees?

Your advice and experience with them will be useful. Thanks

@ymcy @Sunrisepebble @Karltom @Nosa @PaEmma @Agba @All

Buhari's pegging was disastrous because nobody could even get it. It was not supported by fundamentals or even hot money. We were bleeding dollars while they were pegging the exchange rate. Right now CBN has the highest amount of dollars it has had in 17years, FPI money is flooding in but all is not well yet. Hot money can easily evaporate in bad times so the CBN can't rely on it to crash the currency. What we need (and have now) is stability, not low dollar price. Low dollar price doesn't;t help anybody...it just increases imports and then we are back to square one. Buhari and Meffy's own CBN policies were just pure, unnecessary suffering.

Streetinvestor2:
Thanks for confirming thr is systematic pegging by this government too and not really the free float claimed
So they should not blame Buhari government for choosing 450 as thr own because it equally had what it was targeting to achieve lik supporting DR construction

It's an open secret that the CBN is maintaining it at a stable 1300-ish rate to keep Naira exports more competitive. I think someone influential said the rate should be around 1000. The 1300 is on purpose. There is no truly free float anywhere in the world. Just last week or so, the US spent tens of billions of euros buying up Yen just to hold Japan currency steady...and this is something Japan has been doing for decades because investors see the currency as a safe haven for carry-trades (borrowing Yen at 0% rate to buy US Treasury at 3%+. Free money). As long as it's being pegged to our advantage, I am fine with that.

Streetinvestor2:
OK let's leave my 2 or 3 yrs
Atleast it has be so for last Yr and this yr
If it is not systematic pegging by cbn.why is it not heading south because of this reasons

Dangote Refinery is now operating at fuel capacity and I don't think we still import or maybe small quantity
We have improved non oil export which is bringing dollars as claimed
The banks have expanded the naira master card because dollar inflows has increased
The reserve has gone up to comfortably zone as claimed as oil has been above bench mark
We have trade surplus against deficit as claimed

Why has the exchange remained in the Barack of 1350/1380
Why hasn't it gone south to like 1000 by this time.I remembered thy said it will be 1000 by December last Yr.
Which kind of demand and supply happens in nigeria forex market. When by thr claims supply is more than demand now so price should have gone reasonable south.
It only points to systematic pegging by cbn with little flexibility for parallel mrk

We are currently awash with so much cash that I'm sure the CBN can even crash it to 900 but that one no go help manufacturing and exporters and may not keep our products competitive.

It's already almost 20% of my portfolio so I go avoid am for now, but I don't mind it coming down some more while I accumulate others to outsize it

megawealth01:
Aradel must come down to bargain hunting rate

That new pricing methodology is going to hit like crack on Monday.

megawealth01:
NGX Trading Summary:

Kindly see attached the top 10 gainers, losers, volume and value traded.

Ah, ZICHIS don go below N20. The market is truly cooling off. Na to dey wait and save my small salary till close to Refinery listing. Hopefully HBM will keep dropping

Official price has been 845 even though it traded at 780 yesterday Abu Friday.

londonerr:
How and where did MTNN close at 845 something that has been trading at even 799....

is it now fairly priced or is it overvalued?

yMcy56:
FIRSTHOLDCO
Overtook ZENITH and GTCO to close @140! 👏
Elephant na their mate? 😁

Send them a strongly worded email and copy sec@sec.gov.ng
Also copy your own stockbrokers in the email.

I repeat, make sure the email is strongly worded. Accuse them of being thieves who want to divert your shares. In the email, refer to SEC and beg SEC to investigate and fine them since it's been more than 6 months since the offer concluded and it's obvious they want to steal your shares.

Ourown:
Hi guys, I need help!

I subscribed to the recent TIP public offer, and can you believe I haven't received my allotted units since then? I have followed up with Apel Capital Registrars Limited with countless emails since then, and nothing yet. They always tell me they are looking into it!

Any suggestions on what I can do, please? Is there somewhere I can report them?

Zichis honeymoon period don over?

elengine:
😀😀😀😀 I hope say you see am buy for 790 today. The kind market wey we dey now na gbanjo market. Buy 3 get 2 don start and it won't end until Dan ref IPO is done. So for now, keep your money and hide behind the umbrella so you can buy from those that are selling value stock for IPO

Na 814 I buy small o. I go save and hope for the best so I can get at 790 if the price go still hold there. My cost is 760 ((l startedfrom 500) so I be proper shareholder 🤣🤣

Omo, MTN still entered 790

It just briefly touched 812 and my order got filled. Make I go hustle another 2k for site

megawealth01:
Una get money for here ooooo

Ah, 780? I pray o.

elengine:
I think the noise of Dangote Ref filling with SEC and normal August profit taking. But in my opinion, MTN might come down to 780 because the red in this August will hit everywhere. Everybody go collect regardless of whether you pay interim or not😀😀

On top 50 units why I wan manage buy as them pay salary? I go sha day buy until I do MTO

megawealth01:
Una get money for here ooooo

Nice, I set a BUY for 830 this morning then cancelled because I suspected it would go lower. Lemme go and set at 814.

By the way, why does MTN stock suffer so much?

elengine:
A whole MTN oh😀. I will repeat it again, the only company that will benefit from paying Interim dividend are those that set their qualification date to mid -Sept onwards

Speculative play or longterm buy?

yMcy56:
AVACAP is currently available in market....
For those saying they couldn't see to buy...😊

* OS: 5Bn
* Free Float: 1Bn

** It's looking like those guys are pushing out the Free Float for retailers/public to also take part....
** AVA CAPITAL is in Financial Services Sector

Does GTCO still have upside?

pluto09:
https://businessday.ng/market-intelligence/article/presco-okomu-profits-drop-on-rising-cheap-imports/

"Fresh fruit bunch prices have fallen by about 43 percent, from N2.8 million per tonne to N1.6 million per tonne, reflecting what producers describe as increased imports and the influx of allegedly smuggled vegetable oils. The weaker pricing environment has quickly filtered into company earnings."

Is palm oil now cheaper in the market though?

Cause for concern? All the TIP insiders except the founder have sold their holdings. Free float is a whopping 89%. No institutional holdings.

Some people like capital gains, not dividends. If you want dividends, you can simply buy GTCO right now and be sure of at least 9% dividend. I don’t really care about dividends but they are nice. I’ve been in the US stock market for years and I think Google/Nvidia them pay like 0.2% dividend but nobody complains because capital gains is the koko.

I want to grow with the telecoms sector and MTN is my best bet. 35% capital growth per year with a stable exchange rate is more than enough for me.

Harddiskng:
I just dey laugh. We dey the same boat.

I have learnt patience and how to ignore unnecessary hype.

MTN with hin dividend yield of 3% and inflation be like 30% lol. I expect most investors to wait patiently till dividend is paid then sell off. New buyers paying more would be paying too much for a whistle, on top 3%

I have gotten comfortable having money in my broking account, just sitting there. Any stock wey wan make i buy am go meet me at my junction down south