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Nairaland Forum / Freeman67's Profile / Freeman67's Posts
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Investment / Re: Commercial Papers by freeman67: 9:06pm On Apr 29 |
RayRay06677: Nothing serious sha. First of all, I did a termed investment with them recently, it matured and my money was not paid complete as stated it was stated on the terms. It was short though for an insignificant amount but that was the first time I have experienced that. They was not reason at all to do that. I complained and there was not tangible response. Secondly, arbitrary charges on CP'S. I have done several CP's with different firms. The cost of CP is to borne by the issuer just like Primary Market TB and FGN Bond. However, with them it doesn't suffice. They will charge the customer and him they are just stock brokers. |
Investment / Re: Commercial Papers by freeman67: 6:31pm On Apr 29 |
ernie4life: Wow..Thanks. I tried contacting FBNQUEST and DLM itself about but I didn't get any reply from them and I don't like to do anything of that nature with Afrinvest again. |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by freeman67: 10:24am On Apr 29 |
Mfunkynation: Me too never receive. I mailed them last week about it and I was asked to exercise patience as it is still being processed. |
Investment / Re: Treasury Bills In Nigeria by freeman67: 10:21am On Apr 29 |
davit: The discount rate is truly about 16.82% while the yield abi na interest rate as them call am na about 20.01%. If it is the 20.01 you saw and thought you invested with na where we fit talk say them scam( Even at that, its not a scam you for seek clarification before the investment) ask afresh or come here browse back small. TB discount interest is paid upfront so if it was just that way it would have been the 16.82. However, with this, your interest is invested with the principal that's why it will yield that 20.01. If the discount rate was upto this 20.01, your yield would have around 24%. That 16.82 discount rate is not the sweetest for that tenure considering the present realities but then na secondary market and it's already a done deal. So, make you manage am. 4 Likes |
Investment / Re: Mutual Funds by freeman67: 8:52pm On Apr 27 |
Batman2412: This one na for United Capital Assessment Management na. |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by freeman67: 5:33pm On Apr 27 |
Objectivist04: Since it's been dematerialized and you said Tranglobe is no longer active, all you have to do is transfer it to an active broker. I would have said you should just be patient and follow Morgan gently to achieve your aim as they might have began the transfer process after you resent your details lately. However, if you are convinced that they haven't done anything, you can just open an account with another active broker and transfer it there. I think InvestmentOne has one agent here that usually volunteers to help people on issues like this provided you are opening an account with them. *** Modified. I just saw your mention and replied. I didn't know @emmasoft has already replied you. He is the Investment one agent. So you either go with Morgan or port to him. |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by freeman67: 3:37pm On Apr 27 |
Objectivist04: Lot's of people in Nigeria work as if they are being forced to do their Job especially if they are not being tipped and they do not have any personal interest in the case at hand. There is nothing much you can do in issues like this as it seem to be just an infraction, negligence or just not paying attention to details rather than any criminal offence. What I thing happened here is that majority of your shares (14140) was already dematerialized with your defunct former broker (Tranglobe) remaining 3905 shares which were still in paper form. So instead of doing the whole share transfer they only dematerialized the one on paper after wasting all your time. Morgan is not too good in this aspect. Instead of wasting more time looking for who to report them to, just open another account with a more responsive broker in that aspect and do your share transfer to them. With this I am assuming they've not started the transfer process already. The process also requires patience too but 2022 till this time is enough time. Something similar once happened to me from them. In my case the person handling quit job without handing over the responsibility to anyone but constant calls later resolved it. 1 Like |
Investment / Re: Commercial Papers by freeman67: 11:22am On Apr 26 |
ernie4life: Ok, Thanks. |
Investment / Re: Commercial Papers by freeman67: 10:18am On Apr 26 |
ernie4life: Thank you for your reply. Any CP without WHT in the pipeline. I want something better or at least commensurate with the present CP rate considering the risk involved. |
Investment / Re: Commercial Papers by freeman67: 12:44am On Apr 26 |
ernie4life: That's true sha. So let me ask. Would they be any tax for FIDSON. Also, what is the difference before the infrastructure fund you guys are floating with NDIF on currently being traded on NGX. Will your pay quarterly dividends too.? |
Investment / Re: Treasury Bills In Nigeria by freeman67: 12:44am On Apr 25 |
emdeeCreativeW: Nope, you can invest through other financial institutions too. I do it through Stanbic IBTC and Morgan Capital group. There are many other firms that you can use too. You only just ask/indicate interest and you will start getting the info. 2 Likes |
Investment / Re: Commercial Papers by freeman67: 11:50pm On Apr 24 |
RayRay06677: If you deal directly with the arrangers most times you would not pay any service charge. It's only stock brokers like Afrinvest that usually charges for their service. Service charge is usually borne by the issuer. The problem I have about WHT on CP is that they don't usually state whether a particular CP is exempted or not till when it is close to maturity. |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by freeman67: 12:04pm On Apr 22 |
Mfunkynation: Maybe they done hear you sha. They've send a revised copy. |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by freeman67: 11:35am On Apr 20 |
IYGEAL: Once, I collect this 1 Naira now I go ask them to delete am. |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by freeman67: 11:34am On Apr 20 |
Hedgefunds: Ok. Na to contact GTL be that na cos me I never see. |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by freeman67: 7:42am On Apr 20 |
Hedgefunds: When was that please? Like how much per share? I never see anything after the initial payment ooo. That is even the reason I have not ask Morgan to delete it from my stock list. |
Investment / Re: Treasury Bills In Nigeria by freeman67: 9:07am On Apr 19 |
Gabrielclint: It's not new so it's no news. It has been like that for a while now for those bidding by themselves. However, if you are to go with the banks bid, you can do that from either 100k, 500k or 1M depending on the bank. Be aware that most accounts officers would rather want you to collect loan, leave your money in the account so they can meet target or do a mortgage where they could get percentage. They somehow abhor investment that's of no benefit to them. So, if you notice something like this, just go and initiate it from another branch or your bank or move your money to a more investment friendly one. 3 Likes |
Investment / Re: Treasury Bills In Nigeria by freeman67: 9:39am On Apr 16 |
freeman67: The sukuk rental just dropped this morning. As we complain when we never see. Make we clear the air say we don see. 6 Likes |
Investment / Re: Treasury Bills In Nigeria by freeman67: 1:43pm On Apr 15 |
Ibrahim505: Ehen.... That rental payment date fell on a Saturday so I thought the payment will just be done today but nothing has been done so far. 4 Likes |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by freeman67: 7:01pm On Apr 14 |
debostar: The last time I checked, the only ones they are FGN Savings Bond and SUKUK. No Treasury Bill and FG Bond. |
Investment / Re: Mutual Funds by freeman67: 12:31pm On Apr 10 |
VeeInsider: Go to their office if you are in a city where they have one. |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by freeman67: 9:10am On Apr 09 |
dipoolowoo: This first one about GSK na old news ooo. We don chop that money finish since dey wait to see if another will follow. It came as dividend 48, so this may be addition. |
Investment / Re: Treasury Bills In Nigeria by freeman67: 10:36pm On Apr 08 |
Bennycollins: The money has been taken into custody from where you can access in case your hand scratch you. If your bidding successful, they will just drop your interest in your. If unsuccessful, they will drop your whole fund after auction. 2 Likes |
Investment / Re: Mutual Funds by freeman67: 5:57pm On Apr 02 |
Tracyy122: I have actually called them about mine today and I was told that maybe the money didn't drop before the end of Thursday that's why it wasn't credited that I should wait till the end of the day. So I am in same situation as you. No cause for alarm. Just that about 5 days interest is what they are stylishly chopping off. 2 Likes |
Investment / Re: Mutual Funds by freeman67: 7:53pm On Mar 30 |
enque: I did before 10:00. Infact, same thing happened to me in December. |
Investment / Re: Mutual Funds by freeman67: 7:51pm On Mar 30 |
Tracyy122: I did same too and it wasn't credited. I have sent them a mail hopefully it will be done on Tuesday. I will just leave this to end of the month activities. The truth is that Stanbic will just do this and stylish chop of 4 days interest on that money. I sent the money about 9:15.am. |
Investment / Re: Treasury Bills In Nigeria by freeman67: 10:16am On Mar 28 |
Itsrm: Na wa ooo. So for like 3 auctions now consecutively FBN has not had a successful bid. Na to begin overlook them and pull out funds to other serious banks being that ooo. |
Investment / Re: Treasury Bills In Nigeria by freeman67: 4:50pm On Mar 27 |
Ibrahim505: It's not yet time for the rental payments, please. It was issued on 13 October 2023. The biannual rental payments is 13 April and 13 October yearly. So just exercise more patience. 5 Likes |
Investment / Re: Treasury Bills In Nigeria by freeman67: 10:52am On Mar 25 |
JohnAOne: The minimum amount an individual investor can invest and give his/her own bid is N50M. However, if you are to invest through banks and other investments houses, it ranges from 100k to 1M depending. 4 Likes |
Investment / Re: Treasury Bills In Nigeria by freeman67: 12:53pm On Mar 21 |
Nakedman: That's fair enough. 1 Like |
Investment / Re: Treasury Bills In Nigeria by freeman67: 12:31pm On Mar 21 |
Nakedman: That's hasty. You should have just left the app there even after moving your funds as you may need it another day. Though, deleting does not mean your account is closed sha. Stanbic had a redemption ceiling of 2.5M back then, anything more will require you to mail and call them which is almost the same process with what you went through. I don't know if it has changed. 1 Like 2 Shares |
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