₦airaland Forum

collinsobinna:
Done my research.

First bank offering 4 percent at 180 days.
4.25 at 270 days and 4.6 what 365 days.

However I could earn more on my principal by using piggyvest.

But I want to ask here if you guys would do same or would you rather leave your funds in a traditional
Bank like first bank. We are discussing safety of the funds while pursuing best returns.


What would you do? Use piggyvest and earn more interest but worry about safety of the funds or use first bank and manage the modest rates

pizapato:
Is capital Guaranteed in United Capital Balanced Fund.
The rate is quite high. I have investment in the money market fund and I'm thinking of shifting to Balanced Fund.

izuugodwin:
hope cbn increase intrest rate will affect trusbils, mmf n co

2zona:
sell-off cum dumping in progress on the floor

machine606:
On the fixed income, MMF and specifically BONDS Sir, is it on existing bonds or yet to be offered bonds?

fatboyebele:
Meristem are yet to dematerialise some of my fbnh shares. What will happen to my dividends

Wapgod:
Abeg what is the meaning of these MRP and its increase to those of us wey no Sabi finance

Bukkydudu:
Good morning,
Please who is the registrar for Ecobank Transnational Corporation?

machine606:
Thanks for free education to all that contribute.

Let's say I want to get shares from someone using a different stockbroking to mine. That's a cross deal right, and I will pay for charges. Once the price is agreed. How do I go about it.
I remember someone here wanted to sale universal insurance at a lower price sometimes ago. That's a cross deal right?

ololufemi:
We don't need to do much research o how cross deals led to a lot of old people having a heart attack with Oando shares some decades ago. Oops, I hope we haven't forgotten the African Petroleum saga trying to purchase Texaco PLC (now MRS Petroleum PLC) which caused the raucous between Ote$ and Alhaji Cement then.

We should also mention the Tantalizer PLC, Tetrazinni PLC, Big Treat PLC, Starcomms PLC and all those private placements where crosses at the minimum standard to raise prices was being done to push prices up to suddenly dump them on retail investors.

No be today things don dey happen like wishy washy for Nigerian market. Things don happen for this market especially for period between 2007 and 2011 then.

ololufemi:
Oga Emmasoft, you are a player within the system so I won't expect you to support such positions. A lot of people know that most of those cross deals are done between related parties (friends, business associates, special purpose vehicles, etc).

When results are sent to the regulatory agencies and they are favorable, certain people who have interests take positions in a bid to benefit from such positions. The public where you and I reside are part of the last set of operators in the system to see these results. This is why I sometimes understand when some people feel that Technical Analysis starts off th3 blocks before Fundamental Analysis decides to bend down on its mark.

I also don't think this is limited to the Nigerian Market alone. As a matter of fact, na foreign markets ended happen wella and na dem teach our people sef.

yMcy56:
Could also be a trade between two customers' account of same broking house....
Or transactions between customers in different broking houses, with an agreement to buy/sell Same security at certain amount.

Hope I get it right.
Thanks @Emmasoft

Wapgod:
What's the meaning of cross deals?

Mpeace:
lol. We are saying the same thing. Take for instance Transcorp that did 528% increase in 2021 PAT =No full bid, even following same with 147% increase in q1 2022 PAT yet we are still looking for the full bid.

safepaulooo:
Life throws many curve balls our way. Every seemingly negative situation feels like a setback at the time but in retrospect, we get to see the positive outcomes from them. Buffett said, “Asides sickness and death, everything I thought was bad at the time has turned out well”. We must learn not to fret about the daily ups or downs we experience. Keep your gaze fixed on the big picture.
......
Extract from Dr Awo's article. Worth the read

BabsO2:
I have a question for any member knowledgeable on it to help me.

If one wants to change the account in which he receives his/her e-dividend in. As another bank is now preferred for getting it. Does one fill out a new eDividend form with each Registrar and submit it either at the bank or registrars office. ?

sonofElElyon:
Clearly understood.. hmmmm.. will observe cautiously . Moreover no talk of dividend sef

Entrepreneurrr:
Good morning.
Apart from app, can i be able to monitor fbnquest mmf via website?
If yes please share the link

igbizen:
Wanajo, Pa Emma etal
I greet the gurus in the house. I bought Some fidelity shares at IPO many years ago. I did E- dividened claim three years ago with first bank account.
Last year I bought Fidelity shares with Stanbic brokers.
I received the dividened on my first account for only the shares I did E-dividened claim for.
I have not received any dividened for the shares I bought with stanbic brokers. Is there something I didn’t do?

Your help is much appreciated.

modupemomo:
Hello Everyone, hope you enjoyed the long holiday. Please what exactly is going on with Stanbic Mutual Funds, I noticed that the interest rate is abysmally low right now. This is how they will be making someone eye Fairmoney with 15% interest rate! I dont even want to go near any microfinance bank. I am very risk averse which is why I chose mutual funds but what is all these stagnancy of interest rates?

How can everything be this expensive in Nigeria and interest rates be this low?

The money I have in mutual funds will give me a generous fetching somewhere else but I have been burnt twice investing with unscrupulous Nigerians and there will not be a third time.

Is there any hope of resurrection for mutual funds or I should just go and start POS business? �

Please any luminary here should kindly help. Thanks

petaling:
It seems you are newbie here as I just started seeing your name here. My advice is don't make any insurance coy one of your largest holding as those guys can burn your fingers. Insurance coys are good for jijo but not long term.

ebuka1997:
Boss I want to open an Investment One account. I have a question however please. Does it help to process dividend collection, I know United capital does that.

Dum20:
Oga Please enlighten me.

From what I understand they are going to introduce approx 200 Million additional shares of Fidson. Usually when that happens the share price will go down.

Also they will require to make more profit to retain the dividend they pay per share.

lasisi:
@Gurus in the house, kindly help out with the following 3 questions:

1. Does the dividend paid by MTN recently include the promised bonus units dividend?

2. Does it matter if the bank account number quoted for receipt of e-dividend in public offer differs from that of secondary market purchase.

3. If you purchase shares of the same company from different stockbrokers in the secondary market with same CHN and you already filled share transfer form and e-dividend mandate with the first stockbroker, do you need to still fill share transfer form and e-dividend mandate with the others?

Dum20:
Wait oo, Stanbic takes mandate by email? I thought their clients can buy on the floor by themselves.

Are they still old school?

sonofElElyon:
Noted that daar isn't being recommended here . But any chance the big spending on political and electoral adverts that come with election year (2023 fast approaching) could really bring in mega bucks for daar ??

leparj:
.

Was actually thinking of the 1 month window given at the end of Q1 for results to be released coming to an end.
And we are yet to see FBNH Q4.
I hope all is well with FBNH.

leparj:
OK. Thanks.
Just seeing this.
I have filled, signed and sent to CSL.
The CSL staff I sent to said he has forwarded it.
Didn't differentiate the deals. Bought 60k units in one day. It was 2 deals. I filled 60k.
Hope it won't cause any issues?

leparj:
OK. Thanks.
Will contact CSL to do so.