₦airaland Forum

bennyflipy:
It was actually spare money I used to buy the shares (money I can afford to lose), it was over 50% of the money I invested around February and march I think but it has dropped dramatically, my fear is not to be on the losing side on the long run.

My intention was to leave it there for a long time.

Well from the trends, January, Febuary, March are historically year highs. Not usually the best time to buy. It is actually the time those that bought July, September, the previous year sell after qualifiying for dividend.

At the end, your goal is the most important thing.

RabbiDoracle:
NSE bearish? Some stocks could be, but the overall health of the market as seen from the index is still bullish.

From a high of 54,290 to current value of 49,546 is just 8.7% decline. This index doesn't look bearish.

Let me change my choice of words.

What I was trying to say is that, this is the year low or lowest share price period for most stocks.

The release / anticipation of third quarter results will lead to price appreciations in the range of 30 to 40 % of current market prices.

I observed from your chart that there is always a bear after each election year, not before. It seems to be the trend.

Hence it might be advisable to stay off the market after the january bull/ price appreciations that will take place.

bennyflipy:
Please is it advisable to sell my MTN shares I bought last December, the price as been falling like wetin I no know

In my opinion wait till second week in January next year.

It also depends on your investment strategy. Why do you want to sell. What are your goals?

OBAGADAFFI:
Also remember Elections bear.
It might be bearish January.

I agree with you, but there will be a bull before the bear.

Just pick any stock that has december as end of year. Check the last 10 years. You will see the trend.

There will be a price appreciation sometimes in december and a second one in january or it starts late december into January

Let me share my little knowledge. I have shared it before.

I am not claiming to be a prophet but just observations.


The NSE has a cycle it follows. At present it is bearish but towards beginning of september, end of september and the release of third quarter results there is usually a bull run that lasts till January. It peaks at second week in January.

So we have 2 to 4 weeks to accumulate stocks of your choice at juicy prices now.

yMcy56:
The 105,951 executed at 2.10pm (14.10.09) determines today's closing price for ZENITH......21.40.
Hope you understand better now.

Please from which portal do you get this view?

naturalflow:
Fidson' dividend landed like a thief in the night.

No mind them.

BabsO2:
Didn't see any alert for FIDSON.
Rather poor service from Meristem Registrars.

I tell you.

The records said payment date is 29th July.

The same wahala with FBNH. They paid some people without deducting withholding tax.

I was at Meristem office and a couple came in and said, their bank account was put on hold because of Meristem.

That the couple has to pay back the tax that was not deducted.

Has anyone received Fidson Alert?

Meristem should not repeat the nonsense they did on FBNH

OBAGADAFFI:
Why is GUINNESS having more Offers than Bids.

The dividend has been factored into the price.

If you buy it N90 what will be the return in investment?

Toluway:
@Dum20, granted there is nothing essentially wrong if government invests and make profit.
However, you might wish to recall that[b] investing is not actually the business of government.[/b]
You might also wish to note that the primary responsibility of government is to provide enabling environment for business to thrive, especially in provision of necessary infrastructure and social amenities like good roads, electricity, security, low interest loans/micro finance for small and midium scale industries and so on.
When government does it's own part, entrepreneurs from home and abroad would be naturally attracted to invest.
I think that is the point SonofElElyon is trying to make.

Thank you bro. You are right.

What is an investment? What is investing? Is it only when someone purchases shares on the Nigerian Stock Exchange?

Do you know the number of investments the Lagos state government has?

But you see we are saying the same thing.

The government can say, I will build roads to your factory, make electricity come to your factory, make sure there is security around your factory. For me to do that for you, you have to pay N50 Billion naira.

You as an investor will say in place of the N50 Billion, I will give you 1% of my company, the money that you have is to build the factory. I will say okay deal done. So the governemt will invest N50 Billion in providing that enabling environment.

For example if You and I want to start a business. You have 100 million cash but we need a buildin at Ikoyi to locate our business. I can tell you I have a duples in Ikoyi valued at N20 million. If you give me 10% of the company, I will make my duplex available for the business.

This is how business deals are done.

sonofElElyon:
You continue to baffle me.. those businesses lagos established are owned by lagos state. They didn't buy into another company's shares.. no price fluctuation of shares. Safe investment because again there's the population in lagos to consume the products. If you choose to buy shares then you are looking at returns on investment (Obi always emphasised that during last election please).
Regarding the tax inter breweries pays, are you saying foreign companies in Nigeria without government investment don't pay tax?? If a governor provides good investment incentives and climate foreign companies will invest without govt putting in funds !

Oga,

Please do not feel offended or insulted in any i say you do not like it is not my intention to. I am just discussing business and investment.
On the bolded, Lagos is the majority share holder. There are other shareholders to the Rice Mill, lagos does not own them 100%. Lagos government does not own BRT 100%, there are other shareholders

There is nothing wrong if a government owns a business 100%.

Have a lovely day.

There is price fluctuation in the price of the Rice Mill shares and BRT shares this is because they do not make the same revenue every year.

What you will say is that the shares are not listed on the NSE so we do not see the price fluctuations.

When you put money anywhere you should look for return on your investment. It must not be cash or dividend, it could be good will and well being of the society. Like building of roads and schools by governemt, the return on investment is not cash or dividend.

sonofElElyon:
Okay. We have agreed to disagree. Funny enough Obi focused all the time during the last election on returns on the investment like i have done... however you chose to widen the benefits bracket and indices.. which is fine.. i said before that there are always foreign companies willing to establish factories given the right investment climate which essentially is the job of the governor to provide. He didn't need to invest state funds to achieve that. That's the point!
Zenith isn't on all fours with international breweries bro.. in every material particular.. EPS, dividend percentage yield vis a vis price etc. Even at current price it's a super deal !
Anyway we have agreed to disagree

Please what is he supposed to invest state funds in?

Are you aware that the Lagos state government is building a rice mill at Ikorodu?

Are you aware that Lagos state government is part owners of BRT buses?

Do you want me to list investments governments have made?

Please if you have the time go through Intebrews annual statements, check the taxes they have paid since inception, also see if you will find the portion of the taxes that go to Anambra government and see if it was a wise investment or not.

Have a lovely day.

Let us continue sharing knowledge.

sonofElElyon:
A[b]re you saying there aren't several businesses abroad willing to invest and establish factories in Anambra if given the right investment climate[/b]
Must you risk state funds for this
I don't need to mention any particular one. Check previous predictions on nsempa. Or does the governor not have access to investment advisors?
You are turning this into a political argument bro..

Oga, you are very funny.

You ask someone to bring his money and you do not bring part of your money to give the investor confidence that you are serious?

I am sorry to say you are speaking from a position of ignorance. Do not take it as an insult.

I am telling you that the government has recovered the money the put into that brewery and are still making money from it.

I am talking and analysing an investment I am not talking politics.

I am trying to show you how it is a wise investment but it seems you have closed your eyes to it.

That brewery exists and still produces drinks.

sonofElElyon:
So do I quote you to the effect that anambra state has broken even on their investment when you sum up dividends and current share price

I maintain safer stocks were available to invest in. I don't want to get dragged into an argument so it won't degenerate to a political disagreement.. I'm not supporting either Tinubu or Obi but Tinubu invested in econet, later sold and made good profit for Lagos. It was wise investing. Profits can always be used to stimulate the economy of a state. Obi is too impulsive. Even with his facts and figures in speeches which on many occasions have been proved wrong.

p.s. I only cited Tinubu's econet investment to prove that time should be taken to choose best investment opportunities... I personally think Tinubu would make a horrible president so don't think I'm campaigning for him.. same goes for Obi

Hello Bro,

I am responding to you not to have a political discussion but investment discussion.

Why do you think past presidents beg for foreign investments? Even politicians boast about bringing in foreign investors this is because the best investors are the ones that come in to build factories and employ labor.

You are doing your assessment using the wrong metrics.

For example:

1. The brewery had to buy land-- Land owners have made money and will feed their family, cloth their family, pay school fees, hospital bills, data, power supply, the economy will be good.

2. The brewery has to be built --- Engineers, technicians, labours will be employed these will also buy food, house, pay bills stimulating the economy.

3.Contractors has to supply goods and services to the brewery ---> Contractors and their family get to feed, go to school, houses will be built in and around Anambra.

These category of people will pay taxes to the government, the goverment makes money for every money this category of people spend.

I can confidently tell you that Anambra government has made back the money they spent on the brewery and is still making money from the investment.

In 2020 Zenith bank price went as low as N11 while some people bought it at N20 with hindsight are going to say an investment in zenith bank at N20 is a bad investment?

The responsibility of every government is to create an enabling environment for businesses to thrive and pay taxes and that is what the man did. The focus was not share price and dividend. The returns from dividend is miniscle when compared to other returns on investment.

sonofElElyon:
Obi should've been more calculating in risk taking with anambra money. Why not more secure stocks?? Anyway let's not turn this place to politics thread

Bro,

The investment entailed building a brewery in Anambra state which created jobs for its citizens, stimulating the value chain. It created an industry of farmers that grow the inputs that are used in making alcoholic drinks, suppliers, taxes to the state government. That brewery is still existing and producing drinks, paying taxed to the state government, employing both expatriates and locals. This is what every economy needs. Because the people that work at the brewery will need housing, food, clothing, schools, light....... so it was a wise investment.

The state has benefited more than 100% of what was invested.

It is ignorant people that look at only the share price. We saw the effect of portfolio investors on NSE in 2015, when they pulled out their money, the NSE crashed.

But those that build factories are the ones that are good for the economy. That investment is the type of investment Nigeria economy needs to save the naira.

If Toyota had a factory in Nigeria, there will not be any need to look for dollars to buy Toyota cars.

If all the things Nigeria imports are produced in Nigeria, there will be less pressure on the naira and our economy will be booming and there will be lots of jobs.

It was a wise decision he took to make that investment.

On the bolded, He also bought Eurobonds and had savings in dollars for the state.

Technicalanalys:
This is called international business account in union bank not all the branches offer this kind of account it is use by importers in doing importation.
Opening balance is 1 million Naira, Visa to any Western country or American countries, flight tickets to any of the countries mentioned above.

CAC certificates and TIN tax indentification number.
I went to bank myself union bank and met a banker who ,I get his contact , we later chat in the night , he told me he can provide the international details for me since I don't have them , that he will use it and create the account for and it will be a kind of joint business account with my own details , I will be the one to have �% access to Transaction in the account , he charges me 20k for the details , I paid then boom next day I received a message from bank , then I went to bank with my BVN, NIN , bills nepa and do tomb print and verify my identity then the account was open .

I deposit at 450/$ and withdraw in dollars then take it to Aboki fx and sell to them at 600/$ .

Why I didn't disclose this side of the info is because the banker said I should expose it but if I have someone that wants to open it too I bring to him,.

If you need forward your full name, address, phone number to me then I forward it to banker , you can pay half of the charge like 10k or 15k , once you receive a message go to the bank branch and verify it after everything you complete the remaining balance for the details and.

But if you have 1 million opening balance and visa flight tickets details you can go to the branch that offer such account and open it.
One and only working and simple Arbitrage Exchange Business
To open your own importer international business account bypass I million opening balance CAC certificates and visa details call 08094278210
Wha CDtsapp: +16693067358

Note: in the account you deposit at 450/$ and withdraw 600/$

You guys eeee.

You do not know where you are.

Inviting people to commit crime in a public forum

2cato:
I have done all these more than 4 times since 2019 yet my Zenith Bank dividend has not been paid any other solutions

Did you contact Veritas to ask why you have not received your dividend?

I know these registrars are crazy and lazy but if you are persistent you will get your dividend.

Call and send emails.

Slimdove:

To think I will see GTCO at 20.40 again for no reason except foreign investors’ pullback. That’s one good entry opportunity.

Zenith looks great at 21.80 too.

MTN should behave and come within range, 220 isn’t so bad.

WAPCO at 26 is mouth watering.

STANBIC shouldn’t act so tough, 29 is where we need it to be at this time.

Do you see NGX too? 22.20? �

Consumers should act accordingly and slide down for a bit - Flourmill, Nestle, Cadbury, BUAFOODS.

Please look out and take these opportunities as they come.

From my experience, most stocks with financial end of year as December, their share price is always lowest from may to end of July.

The lull in the market is as a result of people taking profit from dividend declared earlier in the year.

I believe there will be a rally from end of July/early August when second quarter results start coming out.

I am speaking from historical data.

What is with Ardova?

Harvestock01:
Letter of Administration (LA as it is generally called) is not prepared by a lawyer! It is prepared by the Probate Registrar of the State High Court.

Your surest bet is to approach the Probate Registry. It takes between 3 and 4 months before it's finally issued. If a lawyer is handling the processing for you it takes longer because of the back and forth of providing one more information or the other. It also saves you from unnecessary costs and fees. It's not every lawyer that's familiar with the process but they won't tell you and won't give it the attention it requires.

Thank you for pointing this out.

That means he has 3 options:

1. A laywer
2. Meristem
3. He can do it himself.

sonofElElyon:
Bolded is absolutely untrue. Lawyers only apply on people's behalf and nothing stops you from going there to apply yourself at the probate registry of the high court. Its just like saying because lawyers help to register business names at cac an individual can't do so.

Thank you for pointing that out.

I used a lawyer for mine. I am not aware that any person can go and get it.

I said a lot of things, it is the only typo you went to highlight.

What about the other things I said?

Slimdove:
@ Pa Emma I lost my loved one and I am the next of kin to his account at Union Bank and other assests
Can Meristem Registrars & Probate Services handle such services incase if I want to do the transfer of the fund to my account and other assets as the beneficiary.

Or should I use the state probate office but if they can handle such services I will prefer to use them.i need clarifications

If your loved one did not leave a will behind. You and your brothers will become administrators of his estate if you have brothers.

If you are only son, you need to process Letter of Administration (LA).

Lawyers usually prepare LA. It is advisable to use a lawyer in the same state that your loved one lived and died in.

You can also use Meristem. Compare what the 2 will charge you and use the one you can afford.

They will explain the process to you.

It could take months to process

zippie5:
Please i'm yet to receive GSK dividend. does anyone have a contact i can reach the registrar? the phone number on the website is never answered. Thank you

Go to the website of the registrar, download the emandate form.

Fill the form and submit at your bank.

Contact your broker to send "Share Transfer Form" to you.

Print it, sign it and send back to your broker.

Be disturbing your broker with email to ask GTL why they have not paid your dividend.

yMcy56:
Ok sir/ma.
So "sell in May" wey don finish? Na now investors know say we dey in May and start to dey sell?
I don hear you sir.
Peter wey dey "Sell in May" dey busy on bargain table self.

I am not selling in May, I see the situation as opportunity to accumulate more.

yMcy56:
Things has changed.
Trends are changing.
Global events are taking more centre stage since COVID-19 period.......
This sell off was triggered by the CBN's MPR rate announcement yesterday.
Suppose any favourable policy or news comes up now, market direction would again change.......the companies are trying despite the harsh economic environment.

Not much has changed.

Pick any stock that has december as year end.

Compare its price in january, april, may, july, november in the past 5 years, you will see it is the same trend.

There is even a saying "Sell in May"

yMcy56:
Bearishness on the floor due to the insensitivity of the Apex bank........
ZEE, GTCO, WAPCO, VITAFOAM, UCAP, NAHCO, and few other ones leading the race.....
Opportunity presenting itself......
* Market may stabilize sooner than expected........bargainers showing up and on queue at the bottom of the bid tables......

Btw, where are the bear crew self?

But what is happening is normal and expected. I do not think it has to do with the CBN announcement.

The supposed Bull we had in the past 3 weeks was reaction to First Quarter results. That tempo is cooling down. The next up swing should be about mid june in anticipation of 2nd quarter results and some companies paying dividend. It should last till mid july and there will be a slight depression after that.

This has been the trend in the past.

TotoNaRubber:
What is the current mmf rate?

Stanbic is approx 3% very poor.

Meristem said theirs is 8%

I wonder why Stanbic will be less.

einsteine:
Bank deposit rates are supposed to be higher than treasury bills rate. It is an anomaly for banks to offer deposit rates less than treasury bills rate considering treasury bills have zero repayment risk.

When TB rates were 18%, FD rates were not more than TB rates.

The banks cannot match that rate.

I guess there is a specific need this bank has that is why it is giving these rates that are higher than TB rates.

skydiver01:
Re: the bolded below.
Its a bank. They are lending (investing) it by giving out loans at more than double the rates offered for the fixed deposit (FD) as well as earning loan arrangement fees. They are making money from their FD rate offer. In fact, the bank probably already has loan requests it wants to fund but cant because of CBN's minimum CRR - so it has to source the funding by attracting more deposits and in turn offering more attractive deposit rates. Personally, I like the 'no liquidation' condition before maturity - clever bank

I understand the fact that they are bank. I think there is a pressing need for funds that is why they are doing this now.

It was in the news that they want to buy stakes in First Guarantee Pensions. Maybe they want to use the funds to do the acquisition.

TotoNaRubber:
The minimum capital for them to offer 7 - 8 percent is N50 million, the rate is even poor considering N50 million in 6 months time could lose 10 percent in value with the way things are going.

Most short to medium term investments currently hover around 7 to 9 percent. Double digit interest rate is the only consolation in these inflation times.

You are right but the rate they offer is higher than what is obtainable with Treasury Bills.

With the 50 million they are targeting institutional investors.
They are now competing with FG

aieromon:
I think the bank is rolling out some promo offers.

https://www.accessbankplc.com/Personal-Banking/SAVINGS-INVESTMENT/High-Interest-Deposit-Account.aspx

This raises a lot of questions.

The rate is really high, higher than treasury bills offered by government. The same rates as Commercial Papers.

Where are they investing this money?

It seems something is cooking somewhere.