₦airaland Forum

ihedioramma: Yess you need to go and collect the dividend form from the company's registras, fill it, take it to your bank for endorsement of your account details and return same to the registras. Or better still, your stockbroker can help you collect and return the dividend form but you have to fill it and get endorsement from your bank. Cheers! PLS as i have four registras do i need to sand the my e-dividend form one by one? do banks talk any money for endorsement? if yes how much?

Yes u have to send E-dividend form to all four registrars. Banks do not charge for endorsement.

stockbull: uba and diamond have performed as i've expected and they are among the stocks to watch this week/on the short term.
The few i've taken a close look into are:

unity bank
afriprud
cand i leasing
nahco
oando
presco and courtville but you should mind and query the price gains of courtville as there's no justification.i've not seen real investor buying the share in my brief analysis.my fainted x mark is also on skye bank shares.

seeing at least two out of the seven stocks posted on the top gainers chart at the end of the week.

those penny stocks are highlighted on my mind.

Thank u oga Stockbull. I have been following Oando, nahco, presco and unity bank for some time and will soon place order for them. However, I have this big fear of possible aquisition of unity bank by another in the same sector. Do u think Unity bank has what it takes to remain firm? I feel it will be easy to make 100% gain on this Stock in no distant time. Due to constant fear I was thinking maybe it will be good to keep for short term only.

yampoo: If Moyes is coming he should kindly come alone,cos I don't need any everton player in man utd squad.

We need Leighton Baines to come with him as Evra's replacement if possible.

Please can someone tell me what happened to Chevron (MRS Oil Nigeria Plc) share price. How come its so low at N18.15. Is it a good buy at this price?

I also noticed that CONOIL share price has been stagnant for some time. Perhaps it has not been trading.

Advice on these two stocks will be appreciated.

farmer99: i have share with zenith but not been getting any reward, pls ao do i go about it.

Contact Zenith Registrars and tell them you would like to know if you have pending/ unclaimed dividends as well as unclaimed bonus shares. They will immediately tell you if you have any. I am sure you have some unclaimed dividend with them. You should also request for E-dividend mandate form from the registrars and subscribe to E-dividend.

ZENITH REGISTRARS
Tel.. 012708930
Email... zenithregistrars@zenithbank.com
Office.. 89A Ajose Adeogun, Victoria Island, Lagos

pappilo: FYI

First Bank only do 91 day bills. Ridiculous in my opinion.

And you cannot ask them to bid at a specific rate for you as such option is not available on their T-Bill application form.

@All, thanks a lot for your contributions.

@Seun, I think it makes a lot of sense writing a basic Will even at a young age and perhaps make necessary changes as time goes on. I hope it is possible to make changes to Wills. Thanks.

j4jj: For nw Insurance is no go area cos I foresee a merger & acquisition in d nearest future! But apart from dat I just bought some stocks from banks recently and I was given some cool dividends! The truth is dat generally investment is a risk whether you invested in agric or stocks or land whichever is all abt risk! The big mogul u see 2day had ones lost millions of investments @ start! Carlos Slim d gretest business magnate said one of the principle of investing is dat "the best time to invest is when everyone is afraid of buying" so if u are afraid to lose ur investment u r yet to start o! However, dat does nt mean dat u can invest wisely! I advise you invest now in stable Banks and u'l reap d dividends in d nearest future

True talk.

Have you ever thought about what will happen to your stock/share investment when you die? I'm sorry to say this but death is inevitable and I was just wondering what will happen to my stock market investment upon my death. Inheritance claim in Nigeria can sometimes be very difficult especially if the deceased died intestate. When we buy shares in the secondary market or open our CSCS accounts, there is usually no option for us to indicate our next of kin. So how can our love ones convince the NSE or the Registrars about being the rightful beneficiaries or about their relationships with the deceased especially in a country like ours where there is almost no birth or death record?

My main question are: what is the best thing to do now that we are still alive in order to make it easy for our families to inherit our share investment when we are no more? For aged investors, writing a will may be helpful during inheritance claim but what about the young investors who, of course, may not think of writing a Will at a young age? Are we supposed to contact CSCS or NSE and indicate our interest to state our next of kin? Has anyone experienced a case of somebody trying to inherit the shares investment of his/her late relative? How easy or difficult was it and what is the process to follow? Thanks for contributing.

omonuan: Access bank is a stock to own. It is well managed by a politically connected management team. It has recovered from the crash if you factor in stock splits, dividends. Access is received shareholder approval to distribute Wapic Insurance stock to shareholders as a spin off hereby adding more value.

Please what do you mean by Access bank to distribute Wapic shares to shareholders? Can you please explain better as I have both stocks and would like to know what is going on.

Zenith All The Way! I bought Zenith shares during the ipo before the crash but now I have more than 85% appreciation in bonus shares. The dividends they've paid so far have been wonderful. Access Bank shares is another one that makes me happy each time I look at my portfolio.

@Dexterax. You are right. However, I think one can still make quick and easy profit from some good insurance stocks as they are penny stocks but at a considerable entry point. For example, I will go for NEM when it hits the benchmark of 0.50K and will definitely make at least a 100% profit, no matter how long it takes, as a long term investor.

ihedioramma: THANK'S SO MUCH THAT IS WHY YOU ARE MY BROTHER I GOT IT THERE. BOUT FBN PAY O #1, I THINK THAT HOLDING CO, FBNH TALK THEM MONEY TO GET THERE . BOUT I HOPE THEY PAY #5 AND 1 FOR 1 IN 2013 END

Amen ooo

Universal Insurance was previously listed but suddenly varnished from the market list. MBENFT is also delisted. Does anyone know why?

ihedioramma: HOW DO I GET IT ON THERE WEBSITE?

Their website is www.cashcraft.com but you can follow the link below and it will take you directly to the Dividend/Bonus/YearEnd of the companies and then select year 2013 to display result.

http://www.cashcraft.com/index.php?option=com_wrapper&view=wrapper&Itemid=125%EF%BB%BF

ihedioramma: WERE did you get the news from? or you hope they will pay?@stockbull,born 2be rich,9free e.t.c is this true?

Check Cash Craft. They have uploaded more companies and their dividend/bonus payout. First Bank is among the newly uploaded ones.

[quote author=ihedioramma][/quote]That is the spirit! We can always recuperate our losses from other good stocks instead of giving up easily.

valacious: i think someone should just categorically tell us if first bank is paying N1 dividend or not

Yes o, First Bank will be paying N1 dividend and payment date is 03-06-2013.

Dis Guy: Daar Communications

come to think of it, any stock exchange that allows this company onto its bourse should not be taken serious

Is Daar Communications shares still existing? I doubt.

Idango: The market crashed heavily in 2009, a stock like UBA for instance was bought at N60 with the expectation that it will get to N80. When market crashed it got to as low as N8, this is just one out of many, all the insurance stock got to the minimum price of 50k. You dont have a problem if you bought everything with your own money because u can wait for as long as it takes, but if you borrowed the money from your broker or a bank, you are in soup. They will sell all your stock including the ones you did not buy with their money and ask you to go and bring the balance from any where. Borrowed funds contaminate your portfolio.

If you must trade equity, no matter the stock you buy, don't borrow to buy stock !

Lolxxxx you are very correct. It is not a good investment practice to buy stocks with borrowed funds. In fact, I only invest with money that, if the worst happens, I will stil be living well as I was.

janykute: Please,i want to know if anyone has received the Access Bank dividend.The payment date was meant to be(25th) last week but am yet to receive mine.

I contacted their registrars and they told me that my dividend warrant has been posted to my address because they could not credit my account due to a little problem which has now been rectified. Though I am yet to receive the dividend warrant I think some persons may have received theirs.

manie: The insurance sector needs to win the trust of Nigerians.

Seconded!

Seun: Nigerian banks and Nigerian insurance companies. Their finances are too complicated and this makes it easy for them to cover up losses and fraud for many years while appearing profitable to investors. Also, they are too dependent on the Nigerian government; this makes their fortunes dependent on the government's unpredictable policies.

Bros, I think if the banks can cover up their losses and appear profitable to investors, other companies can do the same. Nigeria is a country where anything can happen and so one should expect that some of these companies may falsify their records with great care in order to avoid being caught but at least they should live up to the expectations of the investors. I do not expect 100% transparency in the Nigeria Stock Exchange market. Even the western world do not have 100% transparency. So this should not stop us from investing in the stock exchange market.

I will never purchase shares of companies that are not financially stable or has any tendency of future acquisition by another company in the same sector. I lost my 100,000 units of Bank PHB shares due to AMCON acquisition. My 122,000 units of Oceanic Bank shares has now turned to 6,100 units of ETI due to the recent acquisition of oceanic bank by Ecobank Transnational Incorporated.

I will also not buy more shares from insurance sector for now. The Nigerian economy is expanding but this sector is underachieving due lack of exposure of individuals to the sector. Most individuals and businesses are not obtaining insurance coverage compared to the way insurance companies are being patronised in the western world hence, the reason for their underachievement. My opinion..

pappilo: To be honest, I am not sure you can do this but my suggestion is if you have susbatantial shareholdings in paper certificates, I would suggest not to dematerialise them yet. Until you have been defrauded, you will not realise the scale of fraud going on in the NSE/CSCS. I am currently trying to sort out 2 cases involving tens of millions of naira and it is very messy!

Dematerialise your shares at your own risk. The good thing is there are no sanctions for not dematerialising.

Now I understand you properly and thanks for your advice. It makes a lot of sense.

I do my Treasury Bills investment via my banks. However, I will like to know the main reasons why someone should go for Discount Houses instead of buying through the bank. What do I stand to gain if I use a Discount House. I know they are important to the Nigerian financial system but my worries are with their supervisory and regulatory bodies. Just as SEC is to the Nigerian stock exchange market, is CBN the regulatory body of these Discount Houses? What if you give money to a Dicount House for T-Bills investment and your account officer or someone in the house dissapears with your money or use it for something different, as it happens with some Stockbroking firms, will CBN or the Discount House guarantee the safety of your investment funds in this case? Please someone should enlighten me. Thanking you for your contributions.

As long as you get your dividend and bonus posted to your address you may keep it and lodge it in when you are ready.

ojubi: I bought the shares of aim assets management in 2008, on a five year tenor in port harcourt. Ever since the expiration of this time I have been lOoking for them as they have since relocated. All the numbers in the certificate they gave me are not available. Do anyone know were I can find them in port harcourt?

Your best bet is to contact their head office and request for their office address in Port harcourt. Perhaps they should be able to help you with your problem. You may try the following contact details which I got from google.

Head Office Address: 23, Ajao Road, Off Adeniyi Jones, Ikeja.
Telephone: 01- 2120049, 2120051, 2347029523916, 8095988382
E-mail: aims@aimsassetmgt.com

pappilo: @Elai47

Even if you use a large reputable broker, these mushroom brokers collude with CSCS/NSE officials to carry out their fraud.

All a fraudulent broker with connections in the CSCS has to do to take control of your shares is sign a letter of indemnity that they will be liable for any losses incured by the CSCS. They then back this letter up with your death certificate/letter of authority from you and voila, the CSCS will transfer all your holdings to the initiating fraudulent target broker without contacting your resident broker.

I am suprised, may quack brokers are not doing it with large sums and fleeing the country.

Wonders shall never end. I am beginning to get scared ooo.

@papillo.. so it is possible to convert your shares from electronic form back to paper form? If this is possible then it should be the best thing to do for long term investors instead of risking your investors with these criminals. But if you do this conversion, does it affect your E-dividend payment system? Does the E-dividend automatically convert to paper/cheque dividend form?
Please anyone with ideas on this should contribute.

The general public is hereby informed that Mr. Adim Jibunoh of Irving Asset & Management Co. Ltd and Mr. Adewale Akinrele of Cashcraft Assets Management Ltd collected the sum of N3,100, 000.00 from an investor with a promise to invest the sum in Investments and Allied Assurance Ltd shares during its Private Placement in 2008. The money was not utilized for the said purpose but converted by the duo for their benefit.

Despite the undertaking made by Adewale Akinrele in March 2010 to personally refund the said sum and interest at CBN Monetary Policy Rate within two months from April 1, 2010 and repeated demands by the Commission for the refund, the investor is yet to receive the refund.

They are by this publication called upon to refund the said sum of N3, 100, 000.00 to the investor.

The general public is hereby informed that Irving Asset & Management Co. Ltd and Mr. Adim Jibunoh are not registered by the Commission to perform any function in the capital market.

Any person dealing with them in any capital market related transaction is doing so at his/her own risk.

http://www.investadvocate.com.ng/index.php?option=com_content&view=article&id=5388:sec-alert-on-market-infractions&catid=48:frauds-a-scandals&Itemid=85

But how is it possible to sell sombody's stock without a mandate? How can a stockbroking firm sell an investor's stock without the signature of the investor on the mandate form? Do the stockbrokers not submit a copy of this mandate form to SEC or NSE before effecting the sale? Sec should do something about this small stockbroking firms that may be of risk to investors otherwise this can destroy the renaissance and trust of the Nigeria Stock Market. Investors should embrace big stockbroking firms. Person wey don chop belle full no go wan steal your money... A word they say is enough for the wise. Me I go soon run go BGL.