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Investment › Re: Nigerian Stock Exchange Market Pick Alerts by ExLaidback: 9:58am On Nov 04, 2016

Mpeace:
Your own better, na only stock. Some pple have huge sums with morgan, na them I pity pass. Reminds me of how one wonder bank I put my money in folded up with my money in 2013. They first told us its a minor issue with SEC that would be resolved in 7days. 7days became two weeks, then 1yr until I realized there was no hope anymore. It takes a long time of default for a stock broker to be suspended and a longer time for the suspension to be lifted.

My brother! I actually feel lucky i won't lie. As if I knew, i'd transferred the little cash I had just a couple of days before their suspension. The stocks in my portfolio (UBA & UCAP) are likely to outperform the market in the short term hence my relative peace of mind. Na those people who were hoping to JIJO with now badly performing stocks I pity the most. Imagine watching a price crash way beyond your entry point and you can't do anything.

I guess it's all part of an experience. Thanks for your concern.

EDIT: By the way I do appreciate the iron hand being used by the SEC on these brokers if not some of them for don take customer eye see winsh, all the same, no one wants to be caught in the middle like grass underneath two fighting elephants.

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by ExLaidback: 9:18am On Nov 04, 2016

Please who has any idea on the time frame it might take to move a portfolio from one broker to another? Thanks

$$$

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by ExLaidback: 10:43pm On Nov 01, 2016

bigass:
Cashcraft was suspended for months BGL was suspended. Whining wont change nothing

Noticed. You can go to bed now.

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by ExLaidback: 9:47pm On Nov 01, 2016

kentoto:
People,

Is this really happening,? am not even propelled to monitor the market sef

Did you guys notice UBA , dangote floor and FBNH all inching up?. What's going on.

Maybe investors are positioning for Q4/dividend rally already.

Please, I need to start checking out how to move my account, I hope easy and fast.

K

If I may Sir,

UBA: until it crosses 4.35 I'll not say it's going up. It's still within it's yield limit
Dangflour: Has released a rather good FY 2015 result - coming from a loss position and they have a history of paying dividend, though I don't think the yield is that much so it's normal for there to be some increase in the stock price.
FBNH: I'm not sure why anybody will be positioning for dividend in FBNH, when Zenith and UBA are on ground (GTB is over priced for dividend in my humble opinion). I said it when their result came out that paying good dividend now will not be their major priority for obvious reasons and they later confirmed it in their conference call. So..

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by ExLaidback: 9:26pm On Nov 01, 2016

maishai:
Lets not all ignore the cries of our Morgan brothers. They have just reminded me that this is Nigeria and putting all your eggs in 1 basket is Very dangerous... Remember not only to diversify your portfolio but also the vendors also

PharmAlfred:
Morgan Capital has caused undue loss to a lot of its customers. The situation is such that you can't take oppoertunities available in the market and you can't exit some bad stocks.
This is really bad. And to think that the Nov 4th date may not work leaves one more perplexed.

I don't even encourage having different vendors except you are big on cash.

Bros thanks for understanding what some people are going through unlike some that are acting as if people complaining don't have better things to do. Imagine someone saying 'people should quit whining about Morgan'. I just choose to ignore the statement. My luck is that i exited all 'try your luck stocks' and entered solid ones based on Q3, if not by now I'll be crying. Even at that there are some stocks one needs to take position in but no way.

It's well, My God pass them.

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by ExLaidback: 10:59am On Oct 31, 2016

UBA & Zenith Banks

$$$

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by ExLaidback: 9:53am On Oct 31, 2016

feelamong:
http://www.nse.com.ng/Financial_NewsDocs/15499_DANGOTE_FLOUR_12_MONTHS_SEPT_2016_FINANCIAL_STATEMENTS_OCTOBER_2016.pdf

How did they do it? Their FX losses went drastically down q-o-q. Really good result.

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by ExLaidback: 7:14pm On Oct 28, 2016

The FMCG sector has really been dealt a bad blow by this FX issue, even Dangflour that had returned to profitability may slide back into loss if care is not taken. Sad.

But make their prices fall sha... The universe must re-align forces for our good...hehehe...

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by ExLaidback: 5:41pm On Oct 28, 2016

http://www.fcmb.com/press-releases/43-media-centre/press-releases/344-fcmb-group-plc-announces-commencement-of-the-bank-s-interim-audit-november-end-for-its-9m16-results

FCMB Group Plc Announces the Commencement of the Bank’s Interim Audit & Resultant N0vember-End for Release of its Nine-Months 2016 Results

Ok, I get it now...

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by ExLaidback: 4:53pm On Oct 28, 2016

I've been expecting good result from FCMB but since the delay i no come know again... however the way these my broses are putting it, e dey do me like say make i put my rent money inside ...lol...

Anyway we dey observe

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by ExLaidback: 4:45pm On Oct 28, 2016

feelamong:
The FCMB results the Board saw was too good to be true that the Board immediately had to ask the Auditors to come and audit it before it is released to the public...

locodemy:
Fcmb is set to overtake diamond bank in both price and income.........Fcmb is listed as a group and one of it's subsidiaries......fcmb capital market which performed well in the last quarters is set to boost both their top and bottom line.Before the end of November,their will be bull market and the result will appear to put smile in shareholders faces.......people are very busy mopping the stock at any price they see it these days.

I've always had FCMB on my radar because of their willingness to pay good dividend (i was impressed this year) and their high net fx asset which is supposed to mitigate any loan impairment disaster, but this one wey una dey talk so dey surprise me o...Are you saying I should go and find money any which way and invest there abi na monkey una dey hunt? grin

@Loco I did't see any FCMB subsidiary in their Q2 report o, or is it a foreign investment?

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by ExLaidback: 4:42pm On Oct 28, 2016

40manlappy:
@ExLaidback

Please can you post the link to FBNH results? Thank you

http://www.nse.com.ng/Financial_NewsDocs/15247_FBN_HOLDINGS_-_Q3_SEPT_2016_FINANCIAL_STATEMENTS_OCTOBER_2016.pdf

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by ExLaidback: 4:16pm On Oct 28, 2016

Diamond and Access bank results came out as we had earlier expected though Access was able to recover it's form quite well with increased interest, Fee & Commission and Financial assets trading income? Access is reporting almost N100B income from futures and swaps shocked

Also I noticed FBNH and Access are reporting astronomical increases in their Fee and Commission income from e-channels. Access claims card transactions increased considerably which i find quite odd...

At this point I'm wondering what's keeping FCMB if it has a good result.

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by ExLaidback: 12:40pm On Oct 28, 2016

stokfrick:
But I also noticed that that of meritrade is instant execution

Thank you very much, I was wondering on which to pick between Lead and Meristem. This is very timely info. Now it remains that of CSL and Vetiva. One has to be a little more thorough this time before switching brokers

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by ExLaidback: 10:37am On Oct 28, 2016

currentprice:
@house
my sister just text me,,,,,,"morgan already transfer back her cash balance into her bank account shortly after market close".

brov. ExLaidback and stockish above relax

edit

Bros no wahala, oya borrow me only 250k, make I add complete my rent money and contribution to my bro wedding... As i no get any cash balance with them, as soon as they comeback, I'll sell a few stocks and pay back grin

This delay by Morgan is a costly one any how we choose to look at it

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by ExLaidback: 9:25pm On Oct 26, 2016

davide470:
FBNH is on a slow and steady path to revovery. They had their Analyst presentation/call today and part of the key points noted was: Replacement of their Chief Risk Officer and drastic remedial measures are being taken against their NPL's.

Nevertheless, on a 2 - 3 years investment horizon, i would gladly go for FCMB as against FBNH based on the upside potential and capital appreciation.

Yep, it's basically the same thing I'm saying...

1 Like

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by ExLaidback: 8:20pm On Oct 26, 2016

Of course every opinion is highly respected but I don't think FCMB is worse than FBNH. Seriously. Though it would be wise to wait till FCMB Q3 is released before commenting further.

For me FBNH was the biggest mistake I made this year. Huge mistake. No need saying how much I lost there because of stubbornness. After loosing an amount more than the annual salary of maybe an entry level bank staff, I finally gave myself brain, and sold what was left. That was around August. It was then I realised that this year is not FBNH's year at all. Maybe after 1st QTR results next year...Maybe...

As bad as last year was, it's NPL is still rising this year by over 100% as at 3rd QTR! Thankfully it was able to make up with FX and fee and commission income if not...Although FCMB also has rising NPL which is why I said I'd rather wait till their QTR 3 is out before commenting but at least their Q2 results showed much higher PAT and EPS y-o-y...Unlike FBNH which declined y-o-y

Also right now paying good dividend is not their priority. Unlike FCMB that's likely to maintain a div yield of >=10%, FBNH is not likely to exceed 7% (i.e. at a SP above N3). Most of my portfolio had been in FBNH earlier in the year so I no enjoy dividend at all this year angry

Even analysts forecasts for both of them favours FCMB more than FBNH... FCMB SP also has more potential upside...For me o, for the next 3 to 6 months, FCMB >> FBNH Except maybe the price of FBNH fall below N2.50 cheesy

or less sef...But hey I'm just a newbie so...

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by ExLaidback: 5:39pm On Oct 26, 2016

Rexceedo:
While registering with Meristem I tried to bargain the commission structure, I asked the lady who attended to me- Since you claim that your company is the best stockbroker in Nigeria, why is MorganC commission far cheaper than yours?
Her reply(in Igbo) really convinced me to settle with them;
''E bere ego; E bere akpa''
Meaning- When buying anything bagged, ''If the price is reduced, the bag is also reduced''.
I agree with you that MorganC might adjust their commission structure for proper management.

In fact my mind is almost settled on Meristem. Maybe by Friday I'll open an account there. Morgan, if they are serious can still make up even with their small commission

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by ExLaidback: 2:54pm On Oct 26, 2016

Intendy:
chai baddest man.I fear you o.

lol.

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by ExLaidback: 2:48pm On Oct 26, 2016

lafencer:
top lovers are

bigjay
agba
feelamong
intendy
locodemy
ex-laid na joke oh!

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by ExLaidback: 2:44pm On Oct 26, 2016

Intendy:
you go make my sister attack you now.
because of three days problem.bad prophet

But seriously I liked their business model especially being that they were the first to start live trade. Add that to a very low rate of commission, they had something very good going. But at the end of the day, good customer service and sound fiscal discipline is what sustains a business not good ideas...I hope they adjust early enough though something tells me they may increase their commission soon

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by ExLaidback: 2:40pm On Oct 26, 2016

Intendy:
yes o top lovers and worst romancers

top LOVERS

locodemy

fxuser

feelamong

worst ROMANCERS

agba for allowing mercy to move on

born2berich for fighting OandO like tomorrow no dey

Lol....Abeg put my name for top lover biko. Thats my true area of strength.

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by ExLaidback: 2:01pm On Oct 26, 2016

Godisfaithful:
You are welcome sir. They are all pretty good and absolutely reliable. Morgan Capital is just one off season broker!

Tor, I been talk am o

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by ExLaidback: 1:42pm On Oct 26, 2016

Godisfaithful:
Sir, Try MERISTEM, CSL, and VETIVA!

Thanks boss! I've checked out Meristem and I'm quite impressed so I'll give the rest a call and compare

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by ExLaidback: 1:40pm On Oct 26, 2016

feelamong:
Their result was not a bad result..

they only made lower income in the Treasury Bills segment of their Investments... they made 261,810 for Sept 2016 as against 644,749 in Sept 2015. This means that they had funds already invested in the Tbills at the very low rates we saw earlier in the year...i expect all this to change as the Bills mature after all no bills have more than 364 days maturity...

I will wait patiently and buy up more as the price falls...the 35kobo div is assured by year end and by first qtr 2017, we will definitely start seeing better investment income from the TBills segment of their investment income...

Yeah, I quite agree. The only question now is how low will the price fall? Some are saying N2 which I seriously doubt. Anyway we will see

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by ExLaidback: 11:53am On Oct 26, 2016

Mpeace:
I am begining to doubt the safety of my investment with morgan capital. It doesn't seem to be just about itrade, the company as a whloe seems to be down. No response to emails, they don't pick calls, they hardly credit ones stock account after lodgement in bank, they hardly credit ones account with proceeds of sale etc there is certainly fire on the mountain.

After their Oga passed on, I started being apprehensive of this kind of scenario and wanted to move my portfolio. But some broses on this forum said there's nothing to worry about. As a newbie i calmed down. Now I'm regretting it. The only luck one has is that I have no free cash sitting with them, as everything is invested. So na just to move my entire portfolio go another broker if their own too much.

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by ExLaidback: 11:21am On Oct 26, 2016*

fxuser:
AfriPrud and UBN Q3 OUT !
more expected

Afriprud is reacting accordingly to the Nigerian economy. This is why I have a bit of faith in UCAP. Even without the sale of their interest in an investee (the insurance firm) that they carried out in second qtr, their result was still better than last year.

But then again their (i.e. Afriprud's) cash flow says they have spent a considerable amount of money investing in financial assets this year so maybe the assets have not done as well as expected or their returns are expected from next year (so better result next year) - I saw some govt bonds there maturing in 2017 on the reports. But there was a little increase in revenue from their supposed primary business source which is registrar's fee.

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by ExLaidback: 11:20am On Oct 26, 2016

OBAGADAFFI:
Brokerage - 0.7500%
VAT - 0.0%
NSE FEES -0.30%
MSE VAT - 0.000%
CSCS FEE -0.30%
CSCS VAT -0.000%
CSCS X-ATERT FEE - 0.000%
CSCE VAT - 0.00%
SEC FEES -0.00%
STAMP DUTIES -0.0750%

TOTAL - 1.425(my calculations might not be accurate)

Hmmm...Thanks boss

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by ExLaidback: 11:02am On Oct 26, 2016

OBAGADAFFI:
Something like this.

https://leadtraderng.com/index.php?page=guest.ResearchOverview

Exactly, Thanks bros. But what's their total charge %, i.e. buy and sell?

For some inexplicable reason both my phones are down and I can't place calls to the brokers. But I just got of a live chat with Meristem and I called them earlier in the week. They seem to have a responsive customer service. Total buy and sell commission is 3.75%. I went from I-One to Morgan now I may go to Meristem except I find another broker at that level of efficiency and with lesser commision

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by ExLaidback: 10:44am On Oct 26, 2016

Ogas in the house abeg how many stock brokers have like the itrade platform, where you have direct access to the market and you can live trade, i.e. real time (unlike Investment-One's Easytrade which the broker still has to input for you).

If you can list them and their commission if you know it, i'd be grateful.

This is why I didn't want to make the switch to Morgan earlier. My years in employment has taught me that nothing beats reliable and customer friendly service. Nothing.

Thanks

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by ExLaidback: 10:17am On Oct 26, 2016

Godisfaithful:
We are on a long path to breakthrough. The present government is not helping the situations at hand. Don't be surprise if scarcity of petroleum resurface anytime soon. The policy to liberate the economy to a positive road is far from reachable at the moment. Time to sideline your cash and see what the market is up to (buy in trenches when opportunity arises)! If there's no long lasting solution to our forex market, the stock market will remain volatile, stagnant, and economy will continue to slide! In all, let's continue to pray for NIGERIA .

Long Walk To Freedom!!!

My brother I couldn't agree more even though we've all been praying this isn't the case. The writing is on the wall for any one to read. But there are still a very select few though that could perform in the midst of the prolonged down slide. So that's where our gaze is now. Na me carry my mumu self go tie my money down in UCAP else by the end of this month one would be cherry picking some of those select few. It's well

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by ExLaidback: 9:54pm On Oct 25, 2016

sky2891:
Please, if FBNH Q3 PAT becomes higher than UBA, do we term it a good result?

Sir we term that a VERY good result. Any news?

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