debostar:
Please, who does one complaint to or report to about a stockbroker, who buy shares without ones consent or instruction.?
or what is the complain process ?

Try..

Email: sec@sec.gov.ng
Twitter: @SECNIGERIA
Facebook: Securities and Exchange Commission Nigeria
Head Office Phone: +234 (0) 94621168

SEC NIGERIA COMPLAINT FORM
http://www.sec.gov.ng/protect-yourself--alert-us--file-a-complaint.html

Everything is happening so fast. Looks like Fcmb mm fuel done finish. See you @N2.00
Even Zenith is trying to meet me @15 bus stop.

pythondjango:
Anybody buying dang sugar, fbnh now is on a long sabbatical vacation in hopeville countryside.
For gtb,i cant be waiting for this stock cos its stubborn.

megainvest:
Meritrade new interface is lovely.

Very lovely indeed. Though I haven't used the live chat session, having a live chat on their website shows their level of confidence in sustaining their high level of customer service. I wish they could spice it up by making the market overview like iTrade so one can execute a trade by double-clicking on the offer/bid.

@JIJO traders

Sometimes, it is best to stay away from JIJO if the market does not present opportunities that you can use to your advantage. Taking a lot of risk for very little profit is not a wise decision. Only take risk when the potential reward of the trade looks significant. Always compare the amount of risk to the reward you are likely going to get from any particular trade.

angrybull:
If you buy stocks from XYZ broker, it is very possible to direct DFT broker to help transfer the stocks to your DFT account. The requirements are :
* account opening form ( enclose: copy of your international passport, driving license or voters card, two passport, utility bill)
* the stock transfer form which you are to ‎fill accordingly and send back to DFT broker along with:
* your current and up-to-date CSCS Transaction History 
* a letter addressed to the Managing Director /CEO, DFT‎ and the Managing Director, CSCS.
* banker's confirmation ( from your bank, access bank charges 5K).
* bank statement ( three months at least)
* past dividend warrants of those stocks in you possession to prove ownership)
Lastly, there is need for the client to go to CSCS for his / her biometric ( this is not the requirement but very essential for all investors)

Bigass was referring to share transfer, not inter-member transfer which is what you described in the first part of your post.

@Bigass, please kindly contact the registrars for the said stocks to get the answer you sought since there are conflicting answers to your post- we were all trying to help. I have had this same issue with First Registrars. I had my signature processed for FBNH shares and have been receiving e-dividends, but I was asked to process one share transfer forms for each of the other stocks even though they were being managed by same First Registrars. I got dividend warrant by post on the other stocks while I received e-dividend payment on FBNH shares.

What the registrars told me was that I can only apply the same signature mandate on the same stock. For example, let's say you previously processed a mandate for FBHN and have been receiving e-dividend payment. If you buy additional units of FBNH, you will need to write to the registrars and request that they maintain the same mandate so that you can be receiving e-dividends for the total units of FBNH in one payment instead of processing a new transfer form.

bigass:
Is it possible to buy stocks using for example XYZ stock brokers and Tell DFT stock brokers to help you process transfer forms for the stocks you bought with XYZ stock brokers. Secondly if I have 10 stocks being managed by same registrar, if i have my signature on one of the stocks with the registrar, do i need to process transfer forms for all the rest 9 before i can submit Edividend form.

There was a time I asked Meristem if they could process transfer forms or e-dividend (can't remember which) for stocks I bought via another broker but they declined and said they could only do it for stocks I have with them.

Yes, you need to process transfer forms for the rest 9 stocks even though they're being managed by same registrar.

UkwuAmu:


What planet is this dude from? He always cracks me me up with the way he writes . Can you please explain what you mean by the bolded. chai

Chairman, wetin happen now? We don too miss u for hia. Nice to have you back, Sir.

Moneysage:

You missed out on the goodies that went with the NL crash between 10th January and 27th June 2014. For example, 2 days ago I searched for a link to free ebooks that Oga Elai147 posted on this thread, I didn't see it. Seems he posted it late January 2014. [Boss, biko, repost that link for your BiTL ]

My oga, I can't remember the exact ebooks you referred to. I've tried searching through some of my post and like you mentioned, that particular post may have been lost when NL was hacked. Perhaps the following thread by Stockbull may be of help

https://www.nairaland.com/1476501/business-investment-book-directory#18783842

angelo82:
I am taking it back............I don't think NSE is working fine..............The data has been the same for an hour..............Thats not normal...........

That should be Meritrade, not iTrade. Everything is working fine on iTrade

lancee:
Not yet workin

Now working

Elai147:


Meanwhile, iTrade is now working

Sorry, not yet but NSE FIX is now showing "open". Perhaps it should be up soon.

angrybull:

There is no public holiday today but it seems the fault is from I trade. Hope they resolve it soon.

I noticed this trend here, some people are very reluctant to answer simple questions yet they congregate here to peep and learn. I have posed question here about how one can access daily bid/ offer but no one has answered it till date even though I know that it is very simple question to answer. If you are here but very reluctant to help your brethrens especially when you know you know you have answer then it is very bad of you. You can't learn from others and refused to let others learn from you. It is immorality to the highest order

Please let us try and be useful to ourselves. If na woman ask question u go see where BiTL dey answer at a faster rate and the babe go finally get more than one response. If na to shine our teeth e no dey hard us too.

Meanwhile, iTrade is now working

@Currentprice, don't forget to round up the teething sequence as usual

abs4uall2000:
I have a cscs account with morgan capital. I was expecting it to reflect in my account but I didn't seer it.

bigass:

I haven't seen my Bonus too. I called First registrars I was told they are doing it gradually. Its until the registrar send it to cscs before it can reflect in your Morgan account

In addition to Bigass post, it is possible for the bonus to reflect in your CSCS online account and not reflect in your brokerage account which is one of the reasons why registering with CSCS online is advisable.

rychard:
Smart investors know its better to stay off the market for now.

Did you say investors? Perhaps you meant traders as the best time to invest is during the bear season, not the bull.

What's going on here? Wia everybody na? Even the MHs and Tumbutumbu analysts are conspicuous by their absence . Na wa for dis market. Make I go buy Vono jare before e change bearing.

Born2berich:
Conoil is doing me well. Thanks for the heads up info oga cornwall.

The daily bid/offer shows something is brewing as stated by @cornwall. However, their Q3 isn't good looking or perhaps they are coming out with a bonus issue. Let's watch and see.

cornwall:
Is anyone here able to shortsell?

According to Meristem, short selling is not allowed on the NSE.

mercylicious:
@ jijo enthusiasts,
Please avoid this mistake.
When u ji, and want to place order for Jo, plz don't use good till date. You can use other options.
I used that good till date and set my exit price. Guys, I cannot edit the price nor delete the the trade. The option is simply not highlighted and cannot be selected. I am patiently waiting for the sale to be executed or for d date I put to reach so DT I can make amendment.

In addition, be very careful when using the other platform (not the Live trading platform) to place stop-limit orders. If possible, avoid using that platform as it is not well developed. Your stock may be sold even before it gets to your stop price. Some Morgan staffs don't even know the difference between a stop, limit and a stop-limit order.

cornwall:
I just heard from my broker that CONOIL's about to submit its report and that it is fantastic; revenue and profit increased quite substantially....

Also that the dividend it is to propose is larger than last year's

Anyone heard anything? any info??

Kinda evident in the bid/offer. Thanks for sharing. Those interested may carry out further consultation with their analog or digital brokers.

Agbalowomeri:
Just bagged a PhD, na Godwin

Congratulations! Welcome to the less-than-one percent.

megainvest:
This is why I keep watching SEPLAT: I mentioned some time ago I will post a comparison I did between the top priced stocks on NSE. I used easykobo. com comparison tool and I have attached the snapshot. Although easykobo values are not 100% accurate, they can give us a good idea of the stocks as they stand based on fundamentals.

The best part is this: Seplat has a Price / Book Ratio of 0.9. The next to it is FO at 4.12. Most others are around 5 while Nestle is at 16.97! This means that out of the top most expensive stocks on NSE, Seplat is the only one trading at a discount to its book value.

Based on my analysis, I retain my buy recommendation for long term investors who have deep pockets and don't mind small losses in the short term due to the current state of the global oil market. I am still optimistic the oil price will recover or at least become more stable in the coming months.

The figures on easykobo.com are based on FY'2013 for most stocks (if not all). As rightly stated by Agbalowomeri, FY'2014 ROE is 9%. The 41% ROE reported on Easykobo is a correct figure but was actually for FY'2013. They had more than a 100% increase in asset base in FY'2014 when compared to FY'2013 but they failed to grow earnings proportionately. This is what led to the sharp decline in ROE from 41% in FY'2013 to 9% in FY'2014.

Also, the comparison in your post would be much better using stocks from the same sector or industry.

passwelle:

Sir, I am not sure we are discussing the same thing. The outstanding number of shares is what I commented on. The balance sheet has absolutely nought to do with the dilution of the outstanding shares of Skye if they eventually raise the 30bn needed through rights/issuance of new shares.

paulcube:

Please educate me here... does the new balance size not matter? If it is rights, I won't consider it dilution, it will be existing shareholders benefiting from their company....... they are capitalising their company, increasing their holding at a discount....

It will still create dilution Sir, however, the increased OS can be justified by increased earnings as a result of increased asset base.

angelo82:
Afriprud is not illiquid stock...........I just can't advice anyone to buy at the current price........Alot of folks wanna buy that stock right now but there is no sign that it would up,u are just sure that if you can buy at 2.5 0r less you will definitely make over 20%.....Jumping in and out of this stock is very easy............It will never go down the lane of the insurance stocks...........

There are signs the stock may break the N3 resistance.

Yem0350:

I will do that, latest monday. My laptop is down.

We'll appreciate any info that you can provide on E-trade including their commission charges on buy and sell. Does e-trade display Open, High and Low? This is what I am missing in i-trade.

chipa:

The greatest advantage morgan has over other stock brokers is reduced charges and real online trading.the worse aspect of them among other stock broker is the caliber of staffs there is horrible.They can not even up load customers particulars. they make a lot of mistakes.I think morgan should work on that.

You are right. We hope they change for better.

ihedioramma:
how was market today?

Market was not bad Sir.

megainvest:
Question: If Unilever shareholders refuse to sell at N45.5, will the parent company up their bid?

I don't think so bros. By the time dem crash the price shareholders go begin sell by force . And they will not allow the stock to cross the N45 region because it won't make sense for investors to sell @N45 if the stock trades above N45

ihedioramma:
Know sell in may hold your money in hand, i all take that stock to #150.85 for buhari befor you no it .

Agbalowomeri:

bros what are u saying?

You need to be in the Spirit to understand the words of our pastor.

angelo82:
That your Morgan is tempting......Very tempting.....Are they very reliable as firm because this selling of a stock that has not been settled sounds like a practice that is unethical.............Can you also access the money from such purchase instantly..........I hope Morgan won't crash like some wonder stockbrokers........If its true,then whats wrong with the like of Meristem?......

The practice is not unethical. NSE is developing fast and Stockbrokers have upgraded. Morgan is NOT reliable when it comes to customer service but the iTrade thing is a bomb. With JIJO, you will hardly need customer service which is why I use Morgan strictly for my short term trades. Meanwhile you can also buy and sell the same day with Meristem. Plus, you can sell a stock and use the proceeds to buy same day with Meritrade.