₦airaland Forum

For those that bidded

91 days -----10.7%

182 days-------11.45%

364 days -------11.649%

happy investing..

Evagreenfields: Hello fellow Nairalander.

Please is it advisable to purchase Nestle Nig stock now or wait till Jan befr doing that?

Thanks in anticipation for your response.

The best to buy stocks is last year.. and the next best time is now!

do not try timing the market... if it falls more buy more!!

as for me i do cost based averaging for my long term stocks which are all blue chips with foreign managers

Elai147: You and oga ucheson don give me mind. But if to say nestle fit come back to N800 I for nor mind the height.

bros dis one no dey come back like that o!!

the amount of fund managers wey dey find am plenty...Just buy and go to sleep!

over time you will be glad you did!

Born 2be Rich: Nobody is talking about NEM again

we still dey wait for the bus for park!!

Desanta: Do you pay 10% witholding tax on BA?

Yes you pay; but its discounted as such you can take your interest upfront!

passe: We are pleased to inform you that we are presently running a sales promo on quality Grade clothes in 45Kg.This promo ends on November 30,2013. The Bales we have available under the promo are ;

1.Ladies TankTop Mix
2.Ladies Caprice (3/4)
3.Ladies Blouse Mix
4.Men Chinose Trousers
5.Ladies Trousers (Pants)
6.Children Joggers
7.Men Cotton Shirts
8.Men Jeans

We welcome bulk buyers and wholesalers. Interested buyers, please kindly contact our Sales rep in Lagos Mrs. Toriola on -08023815941 to book your order, Alternatively, If you have any further enquiries, kindly send me a mail at Wallex032003@yahoo.co.uk, I‘ll revert at the earliest convenience. My BB Pin is 28C9F934.

Please note that no one customer is bigger than another,hence we shall be dealing with people on "first come,first serve" basis.

Bros.. have you offloaded the goods.. been following up with Mrs Toriola for some time now..

Pls do inform me as soon as your goods are at home..

walcolm: yeah, thanx for the break down...but what does the acronym BA stand for?

BANKERS ACCEPTANCES

Dollops: Please what is BA?

Ok in layman's terms... BAs is when you lend to a company with a bank acting as a guarantor that your money would be paid back to you at the expiration of the tenor.

For banks its like taking deposit from you at an agreed interest rate just like in any Fixed deposit;
However it is supposed to be money given to another party with a bank acting as guarantor. So most times its only Blue chips that actually do BAs using banks as guarantors or in another way, Banks raise the money for Blue chips from investors like you and I at a rate...

hope i made some sence sha! Been a long time i left banking work!

Ess: Oando has opened with a 10.2%. BID!!!

chai!!! see moneyyyy

if only io was braver.. by now i for don dey prepare to resign from my day job!

Good one bro!

I have been buying stocks monthly for my 5 years old son since he was a month old and the portfolio has done more that 75% growth compared to a money market that gives just 11% p.a.

How i wished my dad started buying in my name that early...

Elai147: Hahaha... I join u afraid for that height. He that is up need to fear fall

But after una go tell me say una like tall babes!!

ucheson2: When nestle was at N100 some where afraid of heights so they did not invest their nestle and they are regretting it now I hope u ll not join those that ll regret when it ll get to N10,000, N100,000 ..... If companies on the newyork stock exchange can trade above USD10,000 nothing stops our own from selling at N1m. US, London, China ... are very far, have taken some time to browse the price list of JSE here in Africa and see how much they are selling? Some of those companies are not even doing as good .....

Thank you joor!

In Jan this year I bought Nestle for the first time at N700 Plus...
when i told my broker to buy, he said i was stupid.... and tolday am seating on close to 70% return on that small investment...

If only i had used all the money i used in doing Tbills to do this....

Nest year jan... for sure i will be buying more at any cost!

slord: MR feelamong sir,thanks so much.i was able to send my bid in yesterday(gtb).i rili appreciate ur help,thanks

U welcome bro!

dont forget to come pay ur tithe at our ministry o!

walcolm: Hi Folks,

just discovered this thread today...where have you guys been all my life?

how are you all doing?

looks like i have missed this week's bid....i suppose my questions would have been answered many times in previous pages

how easy is it to get into buying TBills? what's the minimum amount required to get in? how easy is it to pull out? am i locked in for a particular duration or can i break my investment at will

thanx guys

welcome bro!

better late than never!; Yea you have missed this week's bid but why not get in touch with your bankers for the next one in 2 weeks time.
You can actually break your investment but then its not too easy like you do your FDs, it would be sold off (Discounted) at the secondary market.

Elai147: @Collinsobinna, I think it is better you do your investments with a tier 1 bank whose services you are comfortable with. A bank may be good for a particular investment type but not all their branches will offer satisfactory services. I am not familiar with BA but the main reason why I will choose TBills over other money market securities is because they are considered risk-free. If I must put my money on other securities it must be with a reputable bank. In this case I may prefer to go for the short terms with roll over options. The short-term nature equates to lower risk.

Hmmm... do not fully agree with ur take!

BAs are goodf investment out lets and they also pay you interst upfront... i do this with my former bankers just that the interest they give now is not good enough but at 11% for 91days.. i think its OK.

I also think that all the banks for now are very safe to do business with and as such no one should take any customer for granted. Infact the last CBN report only stated the facty that the said 8 banks are taking on more risk than their capital can carry and as such have been advised to raise uop their capital..

why would one go for short term and go thru the rigours of sending in rollover instructions when you do not need the money in the short term? moreover interest are projected to fall in the future so its betytter to lock up my funds for one year at a good interest rate.

But in all I prefer Tbills to other fixed income although am not too cool with its liquidity!!thats why i always go for the 90days...but i will definitely explore the Ecobank BA option now that it has been mentioned..

jamace: https://www.nairaland.com/1523272/fg-sell-four-state-owned-refineries

I see TRANSCORP buying one of these refineries!

hmmmm una don start again!!

@9Free.. where una talk say this OANDO bus go drop us... before i been dey say N25 but with the kind speed wey the thing take start today... I fit wait till we get to the N50 stop o!

Chai!! Thunder Fire satan and all those wey no want make i arrange my own G wagon this Xmas!!

Toluway: for over a week, nobody bought my academy press , which i ordered for sale through my meritrade broker. Please what can i do ? I took position in international breweries recently and it yielded 8% profit and remain dormant. Nobody is talking about this stock in this forum. Pls my ogas, i want you to say something about this stock. Should i off-load it ?

That is the problem with some stocks on the NSE.. illiquidity!

ucheson2: Those that are still waiting for cop deal to click before they join oando, how many units of transcorp or conoil have you been able to buy since the bulish era?

bros leave that story,... many of us wey been dey wait for the Cop deal don already squeeze ourselve enter this OANDO bus...

At times in life if person 'over analyse' him no go make money....

Na only change dey constant! as new infor comes in you change ur tactics and strategy!!

fxisreal: what u pple see to Ag leventis? am sending mandate for it today

Good luck bro! not a fan of them...

thinking of throwing in a few coins into Eternal oil...(very highly speculative)

who knows the oil run will rub off on it....remember when in 2008, Afroil did the same run even though they did not have any functional office

slord: Mr feelamong sir,i was d one dat mailed u and afterwards cald u,tanks 4 ur advice

Well done bro!! Happy investing!!

#respects

jposuagwu: @Feelalong

Who is your broker? I need to port from my broker. Who knows agbero broker that can deliver mandate same day?

i use FUSL....now called Fidelity Securities Ltd

princeuk21: please where is the branch? First bank branch close to me says the minimum abount is 500k, GTbank says there minimum is 1million. Somebody should please tell me which branch i can get the NTB for 100k in portharcourt. Feelamong come help your man o.

Bros .. i no sabi PH o! you know say too much oyel money dey that una side!

if to say u dey lag.. we for try fix you for one bank here...still scan around.. somebody must take that ur money naa..

Born 2be Rich: Sebi you wan dey form "i will wait till i see the deal is sealed before i buy"..thank God say you change ur mind...Meanwhile i wan still put small money for there again..

Bros...u know in this business..there is no permanent friend or enemy..na just d personal interest of making small dough to dey pay bills o!

I hail all of una dey dey d train since o!

Phew!!!!

just confiirmed from my broker that I Finally have squeezed into the OANDO train today..one oga on SMN gave me the go ahead this morning..

oga 9free.... this one must move like transcorp o.. cos na my wife i borrow this money to invest here o!!

and you know what that means if it goes south! I no wan to dey stay for guest room for nite o!

9free: The deal don scale through oooooooo.......

Bros... i go dey shadow you now going forward!!

once the deal is thru just give ur boi small sign!

no false alarms anymore o!!

kolidave: true talk..... Let's just fold our arms and keep watching

bros dont fold ur arms o!... me i have gone very close to the conductors side in the bus... ready to jump out at the slightest notice of a slow down!

actually sold off a good chunk of mine today...taken out my initial cost and a good profit...would ride on with the rest!

kolidave: I dey around ooo buh I just jam this thread by mistake sef. This kine thread suppose dey front page for life!!!!!

No mind Seun and him moderators..na only Tonto Dike and Mercy Aigbe + Afrocandy dem go dey put for Front page

but we suppose wash this ur coming o! my own na only Alomo and Yoghout be my brand!

kolidave: Chai I don die. Na here this thread dey hide all along. I don miss and jonze big time.

Bros.. welcome!!! E don tey wey we dey ask about you!

notin spoil yet.. you never miss much... but remeber to ask oga 9free and BTBR for your own share of the last ABC transport loot.. [

9free: I am ready to buy all your holdings @ N1.5/share
Don we have a deal?

Abeg carry me go that your jazz man side... me self wan arrange that jazz wey i go dey use command person to sell him stocks at below market price to me..

qizick: stock bull born to be rich and co ebi. like. say una dey select ppl una dey talk to abeg do I sale my transcorp ? again what is d current name of African petroleum. reply now please

sister Q .. to sell na personal choice o! what was ur target when you bought? hav you reached that target? if so why not sell..

as for me i belive Trascorp will get to 3.00 today... at this stage i will sell half of my holdings and go chop my profit.. the remaining half i will hold and even increase with time as time goes on!

Born 2be Rich: I dey mama Ejiro now o..

Bros... na you dey for that VIP section? abeg tell the bouncer to allow me enter una side small... i dey popular stand dey try my hand on early morning Alomo and orobo ponmo!