₦airaland Forum

brio: hello ogas
all my portfolios are banking stock. should i sell or wait as all are currently in red. i am afriad. please advice

I don't think there's any cause for alarm especially if you have good banking stocks. This is why it is good to diversify your portfolio. The banking sector is responding to the negative perception of CBN's 50% CRR policy for banks. If you were properly diversified, you would worry less. Please try and have a portfolio of diversified stocks and try to use different criteria to select the stocks in that portfolio.

Oga b2br welcome back sir. We missed ur posts...


AIICO Insurance Plc
Proposed Dividend: 8 kobo
Proposed Bonus : Nil
Closure Date: 2nd– 6th September, 2013
AGM Date: 17th September, 2013
Payment Date: 18th September, 2013
AGM Venue: Ochid Hotels Limited- Plot 3, Dreamworld Africana way,
Immediate right turn, right after the 2nd toll gate, Ikota-Epe Expressway, Ikota- Lekki, Lagos.

Source: Proshare

RichYoungRuler: Bosses,if one is considering the negative cash flow, I think its not that bad from -N35b to about -N15b in a year but the reduced turnover and profit is what scares me.

My oga I totally agree with you. If the improvement continues like this, the negative cash flow will eventually cancel out. I think Oando will get back to profitability because they have done a lot of investments and incurred a lot of expenses. These are factors that causes cash outflows which in turn cause negative cash flow. So I am still holding firm on this coy, with caution though.

Meanwhile,

CSP takes over City Securities Registrars
http://www.vanguardngr.com/2013/08/csp-takes-over-city-securities-registrars/

APR Acquires UAC Registrars
http://www.thisdaylive.com/articles/apr-acquires-uac-registrars/156400/

So-brit:
But come o, shouldn't we rather be praying for the bullish mart than the reds. Wouldn't be bad if nestle gets to 2k, oando to #180, etc each of us has somewhere our money are begging a breathe of the the bulls

Group A investors already have their positions and are praying for the Bulls to reign until they take their profits. However, Group B investors feel some of these stocks are overvalued and are praying for the Bears to reign so that they can buy. I wonder where the conflicting prayers will lead the market...so far the market no crash...

AIICO declares N1.32b PAT in '12 Audited result
http://www.proshareng.com/news/20737

This is good news relatively to Q2 2012.


TOTAL PLC: a diamond in the rough
http://www.proshareng.com/news/20734/TOTAL-PLC--a-diamond-in-the-rough

I can't stop loving this stock- one of my favourites...

9free: Oga Elai, e be like say I don carry myself enter one chance for Oando Bus ooohhh.
This their Cashflow statement put fear for my body. "NEGATIVE 15BILLA...."
E go hard to hear or see dividend for here again.

The thing shock me too o... I hope by FY 2013 they are able to cancel the negative cash flow. With a lot of work done so far I didn't expect them to get a positive cash flow by Q2 2013. As for me, I am trading Oando with caution. Na long term things I dey for Oando (if possible). So I am waiting for the right time (if it will ever come) to take the rest of my position. But we need to see great improvement in their cash flow and debt repayment.

JohnDan.:
Can I Trade ans Buy Share with Nigeria Stock Exchange?

Why not, as long as you are 18 and above. Follow the stock market threads for more knowledge on it:

https://www.nairaland.com/1131485/nigeria-stock-exchange-market-pick/109
https://www.nairaland.com/31554/stock-market-tips-nigerians/789

9free: Bros, I go dey happier if this bear enter Nestle, Presco, Okomu, Dangsuger, Floormill, Nascon, Dangcement, Ttanscorp and GtB. Make all of them go down to their 2009 prices level.

Amen! Especially Nestle...

Josh121: I am waiting for Oando at 5naira with this bad result

Bros abeg you go increase your bidding amount o... Because the fervent prayers and strong forces behind Oando no go let am near N5

jp130: tnx. Person suggest mak i wright courtville on d form and send 2 dem. They wil sort out dere. My concern is dat i bn send email 2 courtville plc n dey reply dat dia registrar is edc registrar @157 onipanu rd, ikorodu 4 lagos whic is diff frm d adress on dis particula form

That's another good suggestion. You can write Courtville at the top of the form and send to them. An email I received from EDC in April had "139 Broad Street Lagos" on it which is the same address as the one on your form. But a more recent email I received from them has a signature that reads 154, Ikorodu Road. Onipanu, Shomolu- Lagos. There are a lot of inconsistencies and contradictions on the contact details of most of these firms. You can't even trust the addresses on their websites as they may be old. I will advise you to call them and get their real address before wasting money to post E-dividend form that may never get to them. You can try the following phone numbers:

Nkechi Ilechukwu
Dividend Mgt Unit.
EDC Registrars Ltd.
Mobile: 08067576363
Office: 234 (1) 8138771
Email:nilechukwu@ecobank.com

EDC Securities Limited
Registrars' Dept
Tel: 01-7301260-1
Fax: 01-4610345
Email: eslregcomplaints@ecobank.com

9free: See even yeye Jos International breweries don enter speed lane too.

I no sure say anything wan happen for Jos Breweries side. Remember say the coy don first make about 4 days speed lane movement inside the month of May and later crash to N0.81 kobo. So until I hear reliable rumour, na sidon look I dey...

jp130: tnx Elai, i av dis particula form bt i cnt find list od companies frm which i i cn select courtville. If am 2 fill dis 1 nw, hw do i indicate courtville in d form for dia notice in dia office

Even in their new E-dividend form there is no option for you to select companies. My thought was that they are registrars to only ETI which was why I asked in my previous post if you were sure about EDC being the registrars for Courtville. When I sent them my E-dividend form for ETI, I did not indicate the company as there was no provision for that on the form. if you are very sure of this then you can just send them the E-dividend form and I am sure they will sort out the rest.

stockbear: From d bearish market

So-brit:
I call you mr red. Welcome though. Can we have nestle at #450 again?

@Stockbear please help us bring Nestle down...

9free: Na wa ooohhh. To make a speculative short term gain for this Market na JUJU and PROPHECY man go start to use.
Can someone explain the rational behind many dead stocks with neither technicals nor fundamentals be gaining while sound stocks will be loosing almost on a daily basis

The thing tire me too. Na wait and see mode I dey now. Just take a look at a penny stock like Champion Breweries being technically tagged as " The Champions of NSE"- the best stock so far in this year... More than 46% gain in 4 days... This was a penny stock that posted a negative PAT for 2012 audited result and even for 2011. Does anyone know exactly what is happening here...?

Guaranty Trust Bank Fined $815,000 by U.K. FCA for lapses

http://www.proshareng.com/news/20719/Stock-UpdateGTB-Plc--Procedural-shortcomings-prompt-FCA-fine-

coderXO: For T-Bill auction result rates, check http://fmda.com.ng/

Thank you for this great tool...

jp130: plz can anybodi help me courtville e-dividend form frm edc registrar cos i dng search tire n my broker dnt have it. Plz help me please. I need it urgently

I am not sure if EDC is the registrars for Courtville but you can get EDC E-dividend form from the link below. I have their new form in my email box but I can't upload it here because I'm posting from a mobile device. But I think this should be fine..

http://tomiltrustltd.com/downloads/EDC%20SECURITIES%20DATA%20E-DIVIDEND%20FORM.pdf

Donvitalis: Hey guys,please can someone enlighten me more on this Treasury Bills? How do i place my bids and get my interest?

Read through this thread from page one for some knowledge on how T-bill works. You can place your bids via Banks and discount houses. The interest is usually paid upfront and at the end of the investment period you get your capital back.

Toya_tc: Hello people,
Please who knows the next deal date for the month of August?
Urgent response will be highly appreciated.

Thanks all.

The next auction will be Wednesday 21st of August 2013.

WildChild00: But the problem now is the intrest rate, I read in a place where someone said he invested the sum of 250k naira for 91days on t-bill and made 7k naira as profit, to me dis is still not encurraging. My question is does it hv to do with bank to bank, i.e. In terms of profit?

As advised by Question, you have to do the calculations to determine how much interest you will earn from the investment before you invest. Even the banks invest in Treasury Bills because there is Zero risk in it. If you leave your money in savings account, your bank will use it to invest in T-bill for themselves. Except if you have better things to do with the money, investing it in T-bill is far better than leaving it in your regular savings account. The beauty of T-bill comes when the invested capital is huge. The higher the amount invested, the higher the interest.

Stop rates for the last Treasury Bills auction (Wednesday 7th August 2013);

Tenor - Rate
91 days - 11.5%
182 days - 12.70%
364 days - 13.08%

NAICOM confirms huge increase in foreign investment in firms
http://www.easykobo.com/News.aspx?id=1717


Is NAICOM trying to tell us the insurance sector is back to business? Anyway, let's wait and see what their long awaited 2012 report will look like. We hope to see some reports this month.

chariiks: pls can i invest 100k in tbills

Of course you can. First bank accept a minimum of 100K. There are other banks that can also accept this amount. Try and read through this thread from the beginning for more details and for a list of banks and their minimum acceptable deposits for T-bills.

distinct00: please where can I get free materials online on stock anlysis.

You can try google and youtube. You should get a lot of materials there.

mercylicious: Wow. It seems they feel meristem will deliver on the upcoming rights issue better than afriprud.
Meanwhile, how much is the right issue of vitafoam?

According to Proshare, the right issue will be one new share for one already held.

So-brit:
Keep it up mr Elai. I think you are now the stockbull of the house. Invaluable contribution for me personally.

Very far from that...am still learning o....

So-brit:
Again, can a suspended stock broker by any means, sell the stocks in his/her custody?

Yes but they have to do it via another stockbroking firm that is active and the process may not be as fast as they could do if they were active. I don't really know the process they follow but there is a way they do it...

Seun: Have people whose Tbills were meant to mature this week during the holidays been paid yet?

I have not been paid yet but hope to receive payment next week.

Vitafoam Nigeria Plc notified The Exchange that sequel to the Board of Directors meeting held on July 25th 2013, it has appointed Meristem Registrars Limited as the new Registrar to the Company effective 1st August, 2013. According to the Company, the change of Registrar was as a result of the receipt of notice of acquisition of its erstwhile Registrar - UAC Registrars Limited - by Africa Prudential Registrars Limited.

Source: Proshare

So-brit:
House, if a stock broker is suspended by sec, what is the fate of the clients of the brokering firm?

The stockbroking firm becomes temporarily inactive in terms of buying and selling stocks from the trading floor. Investors of such firm are expected to transfer their stocks to active stockbroking firms of their choice. The only investors who may have some difficulties are those who issued a sell mandate to the stockbroking firm just before the suspension. If the sale has been carried out and the investors have not received payments from such sales before the suspension, such investors will have to turn to SEC for their money and you know what that means... This is just my opinion.

Investor Protection Fund: SEC delays compensation of investors
http://www.vanguardngr.com/2013/08/investor-protection-fund-sec-delays-compensation-of-investors/

Pls does anyone have the stop rate for last auction (07-08-2013)?

T-Bills, Money Market Rates to Skyrocket in August
http://www.thisdaylive.com/articles/t-bills-money-market-rates-to-skyrocket-in-august/155690/

Tassembly: @elai,sorry for late reply, 've been here and there,infact my acct was debited yesterday monday for the 365days firstbank.i was in 2branches ,oba akran and awolowo way area olow . They may give you 91days paper,cross the 91 and enter the number of days you want,also type a letter sign stating ure bidding for so so days. But they don't allow one to specify rate o,you just have to go with bank rate

Tassembly: If someone is going with the bank rate, can one still be unsuccessful. What makes bidders bid unsuccessful?

@Tassembly thanks for the info.

The thing is, First bank sells to you from their holdings. This is the reason why they can perform roll over of your investment for you even on a non-auction day and also the reason why they don't allow you to specify bid rate. Meanwhile, if you go with their bid rate, you are most likely going to be successful because they will give you at a reduced rate (lower than the stop rate) and of course, lower than the bid price at which they bought from the auction market... This is my opinion.

What makes your bid to be unsuccessful is when you bid too high (higher than CBN stop rate).