₦airaland Forum

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.

emmasoft:
Ordinarily when you are to buy or sell shares the other partner to the deal is not known.
In the case of cross deals, both the buyer and seller know each other one way or the other.

There is always a pre-determined price for the deal between both parties irrespective of the current market price.

Unlike normal purchase/sale order the cash involved don't get to the stockbroking account apart from the charges which in most cases is charged to the buyer's account depending on the agreement anyway.

So cross deals are not market manipulation it's just a type of buy/sell between known parties.

And it is a good sign right?

ololufemi:
Whenever I see cross deals or trades regarding stocks, it just screams insider deals or trades. I just get the feeling that someone has gotten wind of some information that is not yet out in the public space.

A lot of companies have been having cross deals in the past few weeks.

Maybe it is the foreign investors Oracle was talking about.

yMcy56:
It's cross deals.......
Some transactions are picked at premium......
Some picked a bit high to accommodate the volumes required....

Okay, i see,

They are cross deals. The price is already agreed on and will not change no matter what is going on in the market.

OBAGADAFFI:
You will get it for N23.80 If you buy at the Market price.

I know. It is being bought at N23.80.

But it is curios is that I saw offers at N23.75 and people were still buying at N23.80.

Ades1:
Abeg elders, abeg what is Presco earnings saying? With my inexperienced eyes I see it screaming buy buy buy.

And the declared dividend is massive

There is something i find interesting going on on the floor of the market.

You GTCO 13million offers at 23.80 and 42k bids at 23.75.

Logic says that the bids at N23.75 will be picked up, but is not the case.

Book trades are showing that the stock is being bought at N23.80.

Does it mean someone is deliberately buying at a higher price when there are cheaper bids?
?

AngelicBeing:
No single pim because millions of crypto investors are licking the dust, let me take my dollars and go back to hide on top Mount Everest were l have been living all this while, when normalcy returns, I will be back

Why not buy the dip?

I always hear "Buy the dip, Buy the dip"

ololufemi:
My dear brother, I'll share a story with you here. NLPC used to own a Pension Management License before the advent of the Pension Reform Act 2004 and had a lot of corporate and mega oil and gas institutions under their management. When PRA 2004 kicked in, their Managing Director at that time pushed that they should surrender the PFA license and get a PFC license instead.

Years later when organizations like ExxonMobil, Mobil Oil, Central Bank of Nigeria, NEPA, etc moved their accounts to companies like Stanbic IBTC PFA, PAL PFA, ARM PFA and were earning fat fees during those mad capital appreciation days, they realized the folly they had made because they saw their income drop drastically. The Managing Director who recommended the strategy was told to leave. NLPC had to submit that PFC license to apply for a PFA license which they hold today.

I even remember Mr Fola Adeola and some of his team members at GTB saying at an event that he regrets not resigning from the PRA Reform 2004 board at that time because it denied GT Bank PLC the opportunity to partner with ARM PFA to set up a PFA then because of potential conflict of interest issues that some industryplayers would have raised. This would have made them a behemoth in the banking and non-banking financial industry at that time using their commercial banking and bank assurance network nationwide. He has even boasted that Stanbic IBTC for no smell anything near wetin dem get today as Retirement Savings Account customers (over 1 million RSAs).

PFC money na small money compared to the money PFA wey get lots of accounts dey see. PFCs are just like your custodian in the same business warehousing the funds. They don't charge investment management fees or incentive fees.

I tend to agree with you. The PFAs are the ones that use the money to make investments and I am sure to get a cut when they make money which is in millions if not billions. The PFC just hold the cash and get a cut because they are holding the money in safe keeping.

But PFAs decide and put the money to use like buying bonds, Treasury bills, stocks and they get a cut of the money made from those transactions.

RabbiDoracle:
International SUGAR price needs to spike from the current price of $20 to over $80.

What event will cause this?

High sugar price means anything that uses sugar as raw material or additives will have severe price inflation.

That means we should accumulate Dangote Sugar be that

[I do receive *Top Stock Picks* and equity research note from FSDH. Though target price are not included, only name of the stock and some of their fundamentals.

My account officer in FSDH said they send out monthly stock picks, not weekly. A lot can happen in a week

emmanuelewumi:
Dig deeper another way to know is the stocks in the portfolio of equity funds of their Asset Management business

Wow, this is a good tip.

I will check it out.

Harvestock01:
While those who bought IBL around same time are on 101+%!!!

It could be 101% of 400k while 25% of N20 Million

emmanuelewumi:
Lafarge is on the buy list of 4 Investment houses.

FSDH Capital

Stanbic IBTC Stockbroker

Meristem Securities

Chapel Hill Denham.

It is just a matter of time it must fly. The Investment houses came late sef. They came in when it was over N20, they didn't identify the value some of us saw when it was N15

I use FSDH, they say they do not produce buy list anymore. I also use Stanbic, they said they do not send out stock picks.

How do you get it from them?

emmanuelewumi:
Treasury Bill, Money markets funds or keeping cash are not investments, but they play a major role in our financial plans

Really?

My understand is that as far as you put your money where it is yielding income, that is investment.

I know for sure keeping cash is not investment.

RabbiDoracle:
(Do your due diligence as this is my opinion)

Near term (to Long term) prices if there is a parabolic move on NSE index and stocks.

JB 100 to 120
WAPCO 150+ if not more.
Dangote cement 450 to 500
Seplat 2k5+
Nestle 3K+

Flourmill needs to spike out of control towards 200 to 300. Food crisis will get severe and man must chop


Conoil 300+
Total 600+
FO 450+
Transcorp 15+

Bua cement is about to breakout. It will be rapid. Soon people go begin drink cement.

For the Brewers, I gave possible price targets earlier. Because when economy/globe good, you drink to celebrate. But when economy/globe bad, you drink to cure stress and depression.

For Banks, I gave possible price targets as well.

With these, NSE ASI will easily do 100K and above.

(Based on TA only. Fundamentals lag Technicals)

Oga Oracle this thing you are saying, some people will go and sell their houses/cars to buy shares oooo.

No kill us for here oo.

Meanwhile late last year you said crude will drop to $50 then rise to $220 seems it will not fall again it will just start going to 200 like that

OgogoroFreak:

I can testify to this.

emmanuelewumi:
Not really, for the past 2 years we did not talk about Treasury bills on this thread. We talked about investment, business, economy, finance, real estate etc

Yes you are right. We were discussing a lot and sharing useful information.

Seems everyone has japa or found other investment options.

MYMINDER:
Don't get carried away.

High oil prices in combination with rising rates strengthens demand for dollar...

Says the person that spent most of their time on romance section.

yok:
WHAT DID WE BUY RECENTLY?
From Friday 6th to date, we have covered our in out commission with at at least 6% in our pocket

Want to get our hot stock picks just as we are releasing it and we be your mentor: text "Nigeria stocks to +2348023054935", today we have another set?

People are dishing out free information here.

You want to take people away and collect money from them.

Part of the information you will sell, you got it here.

Well done oo.

tolajay:
RIP to this thread.

Yes start a conversation.

Although it might be because there are better returns in stocks now.

Seunn11:
For debtors countries (in dollars), there case will likely be worse.

And Nigeria is a debtor country in dollars