₦airaland Forum

ukay2:
Why can't the customer trade on their own without sending mandates?

And rule preventing retail investors trading on NASD platform?

Thanks

There is no rule per se. Just that the NASD platform is not as robust as the main board and activities there are not much. Currently all licensed brokers have to trade on behalf of their clients. Just like the main board some years back where only your broker can trade on your behalf I believe with time NASD will also be like the main board where investors can trade on their own

SlahJoe:
How can I buy stocks from NASD sir

If you wish to go with Investment one stockbrokers click the link on my signature.
After completing the form online, send a mail to customer care instructing them that the form you just completed should be profiled for NASD platform.

Please note to buy stock on NASD platform you will need to send a purchase order to customer care because stocks on that platform can't be traded by investors on their own as it's done on the regular NSE mainboard.

rinw:
Hi Guys, please am try to redeem my fund on VGIF from the Ziing app. It's requesting for a transaction pin, I don't remember creating one. I have tried to reset this pin but the app not seem to be responding. Please is there any other way to redeem funds?

As security measures to protect your fund, you are to create a transaction pin on the app before now.

To create a pin, go to your profile scroll down to security details and follow the instructions to create a pin.

Alternatively, send a mail to customer care requesting for a redemption form.
Complete it and send back to them this doesn't require any pin and also allow you to withdraw more than 500k.

With the app the limit is 500k.

Amysynod:
Please I need help on ETI stock. My Sister bought 5000 shares in 2008. What is the worth now. How can she sell it,?

Your sister should visit GTL Registrars No. 274 Murtala Muhammed Way, Yaba, Lagos.
info@gtlregistrars.com or call +234-(01)-2793160-2
Go along with acceptable means of identification and a passport photograph. She will complete and submit the e-mandate form to get any outstanding dividend.

A demat form will be given to her to be processed by her stockbroker if she has one. If she don't have a broker, click on the link on my signature to have investment one as her stockbroker where the demat form will be processed and her shares deposited into her cscs account; with that done, she can do the selling at the comfort of her home or office.

Currently ETI is N4.85 as at yesterday closing price.

aliadi2:
Hello all ....... I greet u all, have been a ghost reader here and i have learnt alot from the bosses here concerning investments, financial literacy and financial independence. I have a question that i would like to ask.
There's this particular podcast that i do listen to called Dave Ramsey show and this man teaches american specifically about financial education, budgeting,living below your means, getting out of debt, investing and all that. So they do tell couples to combine their income then attack their debts together and invest together. So my question is do you think its a good idea to combine ones income with your wife here in Nigeria, and invest together to be able to reach your financial goals faster. Not that the wife will be using her money to buy land that omo onile will collect and sell to someone else, or loaning people money that they wont pay back while the husband is there doing is own thing also. Cos i see this in alot of nigerian families, and i read somewhere on this tread where ogorofreak or so replied the person that was asking ahib for statement of account that most of them hide their statement of account from their wives. I would love to hear your insight and experience on this. Cos am not from a wealthy family but i want a wealthy family to come from me. Thanks and forgive the epistle.

Please note when it comes to family and finance there is no one cap fits all.
Just as no two individuals are the same that is how it applies to families.
No two families are the same and so what works for one family may not work for another.
Most of what you read online or in books are people's experiences and yours could be different because your family is unique.

When it comes to finance there must be serious discussions by the parties involved
Financial literacy of the man and his wife very important.
Before you invest together the man and woman must be on the same page otherwise it will not work.

These are some factors to consider:
Background of the man and the woman.
Conditions and values of both
Goals and aspirations
Risk tolerance
Income source. It’s easier to combine investment if both are salary earners than if they are both into business or one of them is into business.
Culture
etc.

inspiredbelieve:
Hello guys, I am new here.

Please advise - Is Stanbic Ibtc money market mutual funds a good investment? I am thinking of investing in it. Please advise.

Thanks in advance

Going by rates obtainable in mmf generally,
I will recommend Vantage Guaranteed income fund VGIF for you. Rate is better.
Capital and interest are guaranteed.

Check my previous post on VGIF on this thread and Tbills thread for more on VGIF or reach me through the contract on my signature I will send you voice notes explaining more on VGIF.

emmanuelewumi:
Good day, when will the fact sheets for Investment Ones mutual funds for Q1 2021 be ready

I will find out Sir, but I'm sure it's almost ready and will soon be sent to customers. As usual I will also post it here when it's out.

OBAGADAFFI:
Why should investors always be chasing dividends?

Since is I started investing in US stock with TROVE, I get dividends paid regularly into my account.

By now you should know why - Nigeria factor ie Process implementation, system effectiveness and citizens (investors) attitude.

In all let's just hope for the best with the new finance bill and drive to get details of investors by regulators that dividend collection in Nigeria will be seamless in no distant time.

Omoadetide:
Then it seems people will continue to go through pain and hassle to get their dividends for a while as some Nigerian stockbrokers do not even offer the service of handling the dividend collection on behalf of their clients.

The process does not have to be this long which is why i said they could do all these through the broker who already has the necessary information.
Just empower them like it is done In some other countries to act as the intermediary in getting the dividend.

As an investor, i wouldn't mind ticking a box at the point of opening my stock brokering account that says the SB should take a fee for making sure dividends for every company is collected when due. That way i do not have to bother about who makes the payment and the processes/parties involved; be it CSCS, Registrars, etc

Good thinking as in a better organized and working systems but here in Nigeria it's not so. Do you know how many stockbroking firm has gone under? if such happens your cash goes down with them if after collecting your money and not invested yet.
Actually the process put in place is okay but the Nigerian factor ie lack of right implementation of rules and processes is the problem.

OBAGADAFFI:
Well, one reason for the latest KYC Update between CSCS and Brockers is to enable registrars to get shareholders' information for payment of dividends and bonuses.

My brother leave that one. They have always have it. Even if you bought public offer you notice there is account number on the form why are they not using it. There are things beyond us here the ordinary people when it comes to unclaimed dividends.
Anyway efforts are on to make the whole process seamless but before then investors have to chase dividend themselves.

Omoadetide:
It's sad that investors have to worry about getting dividends when it should be sorted out between company registrar & stockbroker.
Hopefully at some point, the Securities commission can get the registrars and stockbrokers to sort out this BS.

Stockbrokers mainly is to give you a platform to trade stocks/equities or trade on your behalf. Dividend is between investor and the company you invested in with registrars as middle man to facilitate the record keeping and payment.

The collection of dividend is not part of the regular duties of stockbroking firms as stipulated by law.
However, individual clients can give authority to his/her stockbroker to do the chasing of dividends and that comes with a fee.

To put the issues of dividend behind always fill a transfer form and send to your broker after purchase of a stock and give at least 10 working days before you send mandate to the registrars otherwise your mandates get to the registrar and no specimen signature to compare with.

By the way it's cscs that process your transfer form not the broker it only pass through the broker to cscs.
When filling the transfer form always write the quantity bought at a deal if you bought in trenches.

If you already have a specimen signature always send a mail to the registrar to mandate any new purchase with the current mandate. Some registrars do it automatically especially if it's same CHN others will require a mail before they can mandate new purchases.

Pesuzok:
HI, I have filled and submitted the account opening form, but I am yet to hear from you guys.

Please let me know when the form was completed and the method; if it was online or you completed and scanned back to customer care.
If you don't mind kindly reach out to me with the contact on my signature to know exactly how to be of help.

N.B: stockbroking account takes 72Hrs to be opened because cscs is involved as well.

Curry30:
Quick question..without the share transfer form where an investor's signature is verified from, dividends can't be processed?

Please note that the purpose of the transfer form is for the registrars to have your specimen signature. So If your signature is with the registrars already you don't need to process transfer form. The form is a means to an end.

Registrars can also have your signature specimen from the public offer form you completed while buying the shares. Some other time you may be asked by registrars during demat of your shares to provide a bankers confirmation of your signature all these are just to have your signature specimen.

Basically the registrars prefer the transfer form if the stocks were bought on the floor on the NSE.

By the way processing of transfer form is cheaper compare to bankers confirmation of signature.

BianuBianu:
How do you send your signature to the Registrars.

Thank you

Ask your stockbroker to send you a share transfer form. Complete the form and send back to them. The form will be processed by cscs and sent to the registrar with a copy to your broker.

Normally after sending the transfer form to your broker, wait for about two weeks and then send your e-dividend mandate to the registrar. From the share transfer form the registrar will get your signature specimen.

Multiplier7:
Happy Easter friends!

Pls is it possible for me to invest by buying Dangcem, Zenith and MTN shares this week? I need help

You can invest in any stock every working day of the week. Trading goes on everyday except weekends and public holidays declared by the FG

By the way do you have a cscs account? If not open one by clicking the link on my signature.

debostar:
Please ,how do i process my e dividend if I do not live in Nigeria.How do I get my bank to stamp the form
Thanks

You can send your completed e-dividend mandate form to the registrar in charge of the company where you have holdings from anywhere you are in the world. The era of bank stamp is no more.

Banks and registrars now have a common portal where investors mandates are uploaded depending on who gets it first whether the registrars or your bank.

However, you have to make sure your registrar already has your signature specimen otherwise your e-mandate will not be processed.

Curry30:
1 for 99. JB na wa oh �

na this one we they call TAKE JOOR MAKE I REST

Donbrig:
These banks are supposed to merge and build a healthy bank without CBN compelling them to do the needful. It is better to have few healthy and strong banks than to have many banks that are unhealthy and puts investors funds at risk .

Most times there is political undertone when it comes to banking regulation in Nigeria if not a bank like unity suppose not to exist anymore

Kingdemu:
Sir I just registered on Troveapp. Now I have filled form for dematerialisation and e-mandate for Dangote Sugar. After successfully completing the process, how do I get my Shares to appear on Troveapp for me to be able to trade with them?

Trove is just a trading app I'm sure it will be backed up by a regualar stockbroker.
You need to get in touch with your stockbroker. A demat form can only be processed by the registrar of a company through the investor's stock broker.
The e dividend mandate doesn't need a stockbroker for the processing. it's between the investor and the company and processed through the registrar

Kingdemu:
Sir, I heard Dangote Flour has been delisted and shareholders compensated with N24 per share. What happens to ones dividends accrued before the company was delisted when he files for claims?

Submit your dividend mandate and you will be paid the compensation and the outstanding dividends if any

aao:
Folks,

Anyone with idea on the pros and cons of StanbicIbtc Guaranteed investment Trust (GIT) as against other money market options offered by others?

Note: Stanbic GIT is not a money market fund so you cannot compare them. It's in the fixed income category and daily priced. It has offer and bid price which are very close and sometimes the same.

Emmanuel360:
I missed yesterday TB action. Any idea when the next auction will be

Tbills primary auction is fortnightly

yMcy56:
Thanks @emmasoft.
Do you offer this kind of service on behalf of clients?
If so, maybe you need to state it with those guys in copy too......more reason I also mentioned that they should contact you.
I can also make reference to that if I come across similar requests.

You welcome @yMcy56. Yes we do.
Any prospects can reach me with the contact on my signature.

yMcy56:
Copy @Emmasoft or direct your questions to him. He should be able to assist you.

This is what to do and also apply to those who lost their certificates:

Visit the registrars in charge of the company you bought its shares or send a mail if you are not in Lagos and no representatives of the registrar in in the city you are.
Go along with your means of identification.
At the registrars office you will be given a mandate form to complete and a demat form.
With the mandate completed and submitted all outstanding dividends not older than 12 years will be paid into your account.

N.B: you don't need certificate to claim your dividend, the registrar only need to co firm if your name is in the register of the shareholder's of a company and you are qualified for the corporate action.

Then take the demat form to your broker and it will be processed and your shares will be credited to your cscs account.

To open a cscs account click the link on my signature and complete the online form.
Investment one will open cscs account for you, it's free.

Kaksio:
Thank you @yMcy56 for your selfless contributions here..we appreciate you..is UACN paying N1.20k dividend I see a special dividend in the report...please any comments on this? The price should be going north if I’m not missing anything here...pls elders in the house what’s your viewpoint on UACN based on this print...thanks in advance...

The dividend of 1.20 is 65kobo normal and 55kobo proceeds from their divestment moves. At current price of N9 yield is 13% not bad but the 55kobo will not always be there as the name implies it is special. So without any special sales their dividend is 65kobo which gives 7% yield.
For the conservatives that is fair.

pizapato:
Has the dividend for UBA been paid ?

Tomorrow 1st April 2021 is payment date for UBA

reucom:
What is going on guy's, no one is talking about First bank.
Any chance of a dividend this year? This share price is just crawling like a very sick snail.
Lord have mercy

No one is talking about FBN because nothing unusual is happening there.
First Bank just doing its own thing.

Definitely they will pay dividend but don't expect something fantastic. There could be surprises though.

juniorrate:
i hope most of us that have investment in investment-one fixed income fund/mutual fund won’t lose our money once Gtbank buy them back

If it happens that GTBank buy back ione it's a plus. Remember of recent Access bank acquired Diamond Bank, that didn't make account holders in diamond Bank lose their money it was a change of name and management that is all.

Zobah:
Good evening all!

I am writing this with heavy hearts and tears in my eyes I will be 28 years old this year ending.

it's been a long time coming from 8 years of SERIOUS hustling (carrying blocks at building site). But by God's grace I have been able to save =N=2m without stealing or killing to make money.

I need advice on what type of INVESTMENT I should invest the money into.

NB: The underlisted are out of my scope
a. CryptoCurrency
b. Gambling/Betting of all sort
c. Network Marketing/ Referral business program
d. Agritech & affiliatiate marketing

Thank you for you anticipated responses.

Why should you be having heavy heart for having that amount of savings with the type job you did to save such? There is dignity in labour. You should celebrate, encourage yourself and thank God for what you just did.

Yes there is always room for improvement but we can celebrate our little wins.

Since you have done this job for 8 years with that experience you can start the block business even if it's in a small scale.
Block business is always good in developing area on the outskirts of town. You can get even half a plot and install the block moulding machine on it. that means you have invested in the land and you also have an income generating venture from the block moulding machine. With time the land will appreciate.

While doing the business, instead of just saving in the bank you can start building up a a low risk mutual fund and after some time you can expand and diversify.

However, you must change your mind set to know that work or hustling legitimately is not suffering if you are getting results.
I wish you well in your endeavors

dobnina:
Good day all. Please i am a newbie here. I need advice on the money market funds.
Which bank gives the highest interest rate.

When it comes to mutual fund there is no one caps fits all.
There are different types of mutual funds depending majorly on the underlying assets which in turn determines the level of risk involve for subscribers.

For risk averse investor I will recommend money market or fixed income category. Currently rates are low generally but it's still much better than leaving your money in the bank and economically things are look up for mutual funds.

Mutual funds are managed by fund managers not MDBs Though some banks on a holding structure usually will have asset management arm but operations are always separate.

I will recommend Fixed income category particularly VGIF managed by investment one. You can read more about VGIF from my earlier posts on this thread or mutual fund thread.

You can send a PM or contact me through details on my signature for more on VGIF.

austinkenneth:
It seems there is a leadership tussle in GTB which will lead to a close vote in the AGM.

GT bank's staff are calling shareholders and asking them to just sign the proxy form nominating the MD to represent them. They make it sound like a priviledge that the MD is representing someone.

This country eh.. they just think shareholders don't know their rights.

Anyone with info on whatever it may be that is going on should please update us.

I don't think anything strange is going on. It's normal for companies to use their MD as proxy for shareholders not attending the AGM. If you check the notice of meeting there are eleven nominees you can pick your proxy from. you have the MD and the chairman with other nine shareholders you can pick from.

Aquilapriscilla:
@emmasoft

For now, everything remains the same in terms of benchmarks. CBN seems to still focus on the real sector ie making funds available for businesses.
However, it cannot continue for long because if inflation continue on the rise, I’m sure they will have to increase rate and reduce cash in circulation.
So, for now fingers cross. Let us wait till May for the next MPC meeting.