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Elai147's Posts

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Investment / Re: Nigerian Stock Exchange Market Pick Alerts by Elai147: 4:48pm On Jul 31, 2016
Willie2015:
I always smile when some advocate of long term holding always quote Buffet in support of their analysis, Nigeria is a different ball game where coys executive are too greedy & involved in sharp practices. I have learnt to lock my profit as soon as they appear and cut losses as soon as they emerge.

Coolcash1:

Tripple Poka for you...To summarize, uncertainty of consistent business performance and continuity including unstable government economic policy makes holding stock for long period undesirable...

I could not agree with you more. Most BnSiTL know that I was more of a long term investor even though I do short term trades. But after after doing a lot of research and calculations, I decided to settle for the latter. Nigeria is not a country where you invest for long term and expect to sleep peacefully or with both eyes closed as is expected in a normal economy. For me, apart from Nestle, and maybe Dangcem, I don't see any other stock that is worth the risk of a long term investment in the NSE. If I want to be careless I may include GTB, NB and TOTAL PLC. As a short term investor (I'm not talking about JIJO), if you know your technicals very well and, you are disciplined, you will definitely be more successful than a long term investor (as long as the investment is done in the NSE). My only advice for those who still believe in Long Term is that when doing due diligence, they should always remember to include corruption and uncertainty to their DD instead of just relying on figures and ratios in some annual reports of some companies managed by corrupt officials in a corrupt country.

12 Likes 3 Shares

Investment / Re: Nigerian Stock Exchange Market Pick Alerts by Elai147: 7:53pm On Jul 29, 2016
feelamong:
TOTAL NIG PLC INTERIM DIV

PROPOSED DIVIDEND - N3
QUALIFICATION DATE- 19TH AUG 2016
CLOSURE DATE - 22ND -25TH AUG 2016
PAYMENT DATE - 6TH SEPT 2016

Apart from Nestle and Dangcem, this is another cash flow stock I would like in my portfolio. They have upped their interim dividend from N2 to N3. I hope it is sustainable.

Waiting for the year I can get it @N100 or below.

1 Like

Investment / Re: Nigerian Stock Exchange Market Pick Alerts by Elai147: 7:43pm On Jul 29, 2016
locodemy:
For this faceless forum,person fit think he is taking with correct people without knowing some people here are ogogoro/acohol inclined.may God have mercy on us.

grin grin grin I no fit laugh abeg

1 Like

Investment / Re: Nigerian Stock Exchange Market Pick Alerts by Elai147: 12:02am On Jul 28, 2016
Mfunkynation:
pls how do u calculate d percentage

http://www.percentagecalculator.net

2 Likes

Investment / Re: Nigerian Stock Exchange Market Pick Alerts by Elai147: 9:08pm On Jul 27, 2016
OBAGADAFFI:
Men and brethren in the house.
Is it possible for a stock to loss or gain 11% a day.
I noticed Redstar express loss 11%

The stock was marked down for 0.35 dividend today. Previouse close 4.80 - 0.35 = 4.45 which was the reference/opening price for today, and after losing 4.94% today it closed at 4.23. So from 4.80 to 4.23 is about 11.87%.

2 Likes

Investment / Re: Nigerian Stock Exchange Market Pick Alerts by Elai147: 7:48pm On Jul 18, 2016
ukay2:
Am just thinking of leaving my portfolios with investment one and start trading a new portfolio in Morgan...I have a huge portfolio with investment one...mainly dividend paying stocks...

I started trading with Morgan last Friday... I just discovered investment one cost of trading was very high....so all my new portfolios I am buying now will be via Morgan... I will only stop buying more stocks via my old broker...rather will start selling my portfolios gradually and transfer my funds gradually to Morgan...

I feel the old stock broker may not want me to go freely...and I don't want to severe our relationship since nobody knows if they will start trading realtime and similar brokerage fee with Morgan in the future...

It's a good idea to have more than one broker. Since you already have a good relationship with Investment One, and if they have a good customer service, I will advise you to keep your portfolio with them and put your long term cash-flow stocks there. You may use your portfolio with MorganCapital for trading and enjoy the low brokerage fees.
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by Elai147: 7:04pm On Jul 18, 2016
ukay2:


I discussed with Morgan on Friday and I was told to do my biometrics with CSCS office before initiating the inter member transfer....please did you do biomrtrics with CSCS...

What are the advantages of registering online CSCS account...?
Thanks.

I didn't do biometrics. Some of these brokers don't know the requirements for inter-member transfer. Morgan asked me to do biometrics, bankers confirmation of signature and BVN, but I contacted CSCS and they confirmed that I didn't need any of those. When you are transferring from an active firm to another active one, it is a very straight forward process. But if you are transferring from an inactive/dead firm to an active one, the process is a little different and that is when CSCS requires Bankers Confirmation of signature, etc. You can email CSCS for confirmation of what you need for inter-member transfer.

If you have CSCS online, you will be able to view your stocks online as well as the transaction history of each stock (by clicking on the stock). You can also print statements of your account anytime. There are so many other benefits, and the cost is just N2,500 for yearly subscription.

1 Like

Investment / Re: Nigerian Stock Exchange Market Pick Alerts by Elai147: 6:35pm On Jul 17, 2016
ukay2:
Please kindly tell me the details on how to move my stock from investment one to Morgan.... Thanks
I need to do that ASAP
Am waiting Sir

Sorry for the late reply...

Requirements for Intermember Transfer;
• Account Opening Form (KYC Form) to be duly filled by you and returned with a utility bill and valid means of your identification. Get this form from Morgan.
• Completed inter-member form (you can also get this form from Morgan).
• Current CSCS statement of account (Get this from Investment One, or print from your CSCS online account, if you have one).
• Letters of authority to CSCS and Resident house (Investment One)
• Your resident house may ask you to pay some fees

Your target broking firm (Morgan Capital) should initiate the transfer request online to the resident broking firm (Investment One). As soon as the resident broking firm approves the request, CSCS would transfer the account immediately.

Note: You should notify Investment One of your intention to transfer your account to enable a speedy process. They may try to frustrate the transfer process (especially if your portfolio is worth a lot of money). If this happens, just send an email to SEC and it will be done. Alternatively, you may copy SEC in all your correspondences with Investment One. This way, they will not try to frustrate you.

SEC (sec@sec.gov.ng)
Njoku Agnes (anjoku@sec.gov.ng)

4 Likes 1 Share

Investment / Re: Nigerian Stock Exchange Market Pick Alerts by Elai147: 11:32am On Jul 15, 2016
Coolcash1:
I want to sack my stockbroker...They charge me 1.7% and 2.35% for purchase and sale transactions...Just feasting on my hard earned money through ridiculous charges...This is something everyone of us need to watch to avert value erosion.

Rexceedo:

Mine; buy @ 1.725%, Sell @ 2.025%. Sum= 3.75%
MERISTEM; Am satisfy and comfortable with their customerservice and meritrade.
I also trade with MorganCapital but the fickle and inconstant nature of their itrade always piss me. Though cheaper; buy @ 0.625%, Sell @ 0.925% with annual fee of #2500.

I moved my portfolio from Meristem to MorganCapital, and merged it with my old Morgan account. It was a very good decision, and I have been very happy. Meristem has a very good customer service, but Man shall not live by bread alone. If the iTrade platform is functioning well, you may not need any customer service.

4 Likes

Investment / Re: Nigerian Stock Exchange Market Pick Alerts by Elai147: 9:37am On Jul 13, 2016
Born2berich:
Oga Elai leave them, even the crook called uncle wale is using style to offload his, let them stay there... When a whole Auditor is ringing the warning bells, let them be forming heart of Lion abi na tiger. Time will tell.

As for MRS if have friends that are working there... Does it mean that Macon will take over the business or sell it's properties?

OBAGADAFFI:
https://www.nairaland.com/3221978/amcon-wind-up-mrs-holdings

Watching Oando carefully

AMCON is not smiling at all... NEXT?

1 Like

Investment / Re: Nigerian Stock Exchange Market Pick Alerts by Elai147: 10:49am On Jul 12, 2016
Auditing and services company, Ernst & Young, has raised concerns over the soundness of Oando Plc, stating that the current financial position of the company may cast significant doubts on its ability to continue as a going concern.

Read more at: http://www.vanguardngr.com/category/business/

davide470:
AMCON has filed a suit against MRS Holdings (the parent company of MRS Oil Nigeria Plc) seeking to force the company into compulsory liquidation due to a NGN81bn loan owed to AMCON.

I sincerely hope Oando is not next in line. BnSiTL who are in for long term should be careful with this coy.

1 Like

Investment / Re: Nigerian Stock Exchange Market Pick Alerts by Elai147: 1:19pm On Jul 11, 2016
Intendy:


How many stocks can guarantee good return now?
just few.when TB can now guarantee 15% return over a 365 days investment and risk free.
one needs to dig deeper.
happy week ahead

The problem is that inflation is currently at 15.60% or thereabout. So if TBill is giving 15% per annum, your actual return is just around 0.60%. TBill is only good for capital preservation (idle funds) so that your money doesn't lose much of its purchasing power. The portion of my portfolio meant for TBill has been moved to the stock market since early last year, and it is performing better.

7 Likes

Investment / Re: Nigerian Stock Exchange Market Pick Alerts by Elai147: 1:07pm On Jul 11, 2016
DUNKA:
All Guru and contributors please kindly need your advise criticisms and suggestions.
I am trying to create a basket of shares I would want to invest in and would be grateful if you could advise the pick and selections:
Please need your expertise and advise on which I should drop or any I should add for now. Amounts indicated are the amounts I want to invest in any guidance here too would be appreciated.

The stocks in your list are good, but you don't necessarily need all. The more stocks you own the less you are likely to know about each of them, and the more time, energy and resources you will need monitoring them. For example, it is not necessary to have both GTBank and Zenith in one portfolio. Both of them have similar fundamentals and trading patterns. They even pay same or similar dividends over the years. In fact, there is no need having more than one banking stock in your portfolio since you are mainly interested in the cash flow. Having more than one banking stock will increase your exposure to this volatile sector. I would settle for the best of them all- GTBank. Below are the stocks I would select from your list:

GTB
DANGOTE CEMENT
NIGERIAN BREWERIES
MOBIL/TOTAL (Total Plc is more generous with dividend)
NESTLE

Others you may consider are:
PRESCO
AFRIPRUD or UCAP

Just ensure that you enter at good entry prices. Also remember that you are investing your money in a corrupt country. Regular monitoring of your investment is paramount to ensure you don't wake up one day and see a very 'strange portfolio.'

8 Likes

Investment / Re: Nigerian Stock Exchange Market Pick Alerts by Elai147: 7:01pm On Jun 17, 2016
zendi:

Primetech, so this monkey hunting thing neva commot for your body.
Remember you be title holder here...........the costain man. grin

grin grin grin Oga Zendi abeg no crack my ribs ooo.
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by Elai147: 11:59am On Jun 10, 2016
bejay247:
Good morning good people. Please how much is tigerbrand share trading at the moment and which website can one monitor the stock market live when trading is on? Thanks in anticipation for your replies. Have a great weekend ahead everyone

https://www.meritrade.com/new/overview.php

3 Likes

Investment / Re: Nigerian Stock Exchange Market Pick Alerts by Elai147: 12:30am On Jun 10, 2016
Zhirinovsky:
My brethren, please which platform do you guys use for your stock trading?

Does anyone here use MorganCapital's itrade? I havve a few questions:
Apart from the 0.25% brokerage fee, what are the other operating expenses like? I mean NSE,SEC etc charges
Does itrade has the Short Sell option? Can a user short sell equities?
How efficient is their "Stop Loss" button?
Please am only use to trading on NYSE and am hearing for the first time that i can place a sell order but it won't be executed due to "Full Bid" please how often does this occur in the NSE?v are there stocks more prone to that?

Most of us here use Morgan iTrade. Yes, there are other charges like sec, nse, trade alert, cscs and stamp duty, depending on whether you're buying or selling. The iTrade does not have a Short Sell option, but you can call MorganCapital and ask if they offer Short Selling. Their stop-loss is the worst I have used. Sometimes you get stopped out before the price gets to your stop price. Regarding not being able to sell when the stock is on full bid, I'm not sure where you got that from. You should be able to sell when the stock is on bid.

2 Likes

Investment / Re: Nigerian Stock Exchange Market Pick Alerts by Elai147: 12:06am On Jun 10, 2016
fxuser:
Transcorp forms 3 Doji's in a row . . closing under N1.4

dis: cashed out.

It formed only one doji in the last three trading days.
Investment / Re: Zenith Bank Fixed Deposit Interest Rate by Elai147: 4:48pm On May 27, 2016
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by Elai147: 2:44pm On May 21, 2016
LondonCool:
BNSITL,

Can anyone kindly enlighten me why my CSCS account has not been credited up to now with my bonus shares for FBNH, GSK and Vitafoam since 2015? I bought the aforementioned shares before their closure dates last year

Is anybody else having the same issues as me?

Many thanks

If you have a CSCS online account you should be able to confirm if the bonuses have been credited. Most times the bonuses may have reflected in your CSCS online but not in your broker's account. In this case, you will have to contact your broker.
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by Elai147: 8:23pm On May 20, 2016
rocasmilatos:
Abeg ooo what kind of news entered the market today that i am seeing this kind of volume on Wapic.

Greenalltheway.

Maybe e go soon leave car park.

1 Like

Investment / Re: Nigerian Stock Exchange Market Pick Alerts by Elai147: 8:11pm On May 20, 2016
fxuser:
tigerbrand finds some support
pull back ending

Looks like Tigerbrand is about to complete an elliot wave pattern. We are currently on wave 4. Waiting for wave 5...

1 Like

Investment / Re: Nigerian Stock Exchange Market Pick Alerts by Elai147: 10:00pm On May 19, 2016
jp130:
Sowi brother. Plz cn som1 xplain d price adjustmnt of skye bnk on openi today.

Not sure what you mean by price adjustment, but it opened higher than previous day's close (1.14) and closed at 1.10
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by Elai147: 9:47pm On May 19, 2016
Chibuking81:
am happy to be here this evening, am also happy to see green dominating the market this month of May as I was shown. God is faithful. Arm robbers attacked me on 5th of this month in my house around 11pm and made away with my new laptop and all my phones, but on the contrary my God console me with greenish blessing in all my stock.

No matter what they do they cannot take your portfolio away from you. Welcome back.

1 Like

Investment / Re: Nigerian Stock Exchange Market Pick Alerts by Elai147: 12:29pm On May 16, 2016
Intendy:
park well.before you start complaining like your master that your post is been witch hunted.

grin
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by Elai147: 1:10am On May 14, 2016
PETERiCHY:


http://abokifx.com/buhari-bows-to-imf-pressure-to-devalue-naira-290-to-dollar-sahara-reporters/

http://www.vanguardngr.com/2016/05/buhari-devalue-naira-290-dollar/

Some are busy increasing their networth while others are busy chasing paper profit.

Heavenly father I really thank you for today may you name be highly GLORIFIED grin grin grin grin grin grin grin grin grin grin

*ThE OcToPuS*

OcToPeTeRu Baba...

1 Like

Investment / Re: Nigerian Stock Exchange Market Pick Alerts by Elai147: 4:35pm On May 12, 2016
zendi:


l'm trapped in evansmed too.
And b4 that was the costain fellow, but I didn't fall for that.

I always forget the Costain fellow's moniker. I love that guy's MH terms... "buy costain now or regret your life" grin grin grin
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by Elai147: 4:31pm On May 12, 2016
cadno:
Where is the Evans Medical guy...i fell for that..lol...looking forward to when I wil exit the bus

Evansmed looks set to leave the car park. So very soon the mokey hunter (donofdons aka themosthigh) will resurface.
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by Elai147: 1:55pm On May 12, 2016
Monkey Hunters missing:
donofdons
themosthigh

I can't remember the rest monikers.

1 Like

Investment / Re: Nigerian Stock Exchange Market Pick Alerts by Elai147: 10:38am On Apr 11, 2016
ogbs2020love:
Please what are the best stocks on the market that can give capital application in the next ,10 years?

If you had invested 10 years ago your investment would be in the same condition or in a worse condition by now, depending on the stocks you invested in. 10 years ago NSEASI was at 26,000 or thereabout, but today it's around 25,000. If you must invest for long term, say 10 years, please don't just invest and go to sleep because our market is still underdeveloped and full of manipulations. You should ensure to review your investment monthly, quarterly or bi-annually. If I were in your shoes, and MUST invest for long term with little or no time to review my investment, I would only consider Nestle and Dangcement.

6 Likes 1 Share

Investment / Re: Nigerian Stock Exchange Market Pick Alerts by Elai147: 1:56pm On Apr 07, 2016
EDUECO:
When you cancel an order to make a change is what I call editing;this also applies in Morgan's iTrade.

Ok, but that's not editing. They used to have the 'Edit' and 'Cancel' tabs. but they later remove the 'Edit' tab. As mentioned by @angelo82, it is sometimes not possible to cancel. You will have to call Meristem to cancel it from their end.
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by Elai147: 1:38pm On Apr 07, 2016
EDUECO:
Meristem.

Not possible.
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by Elai147: 1:05pm On Apr 07, 2016
EDUECO:
Orders can still be edited!

Meristem or inv one?

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