₦airaland Forum

Yayira:
3% ! Just imagine. nawah
If Morgan can do this for 1.7 and still in business after five years, then CSL, FBNQuest, Standbic no try at all !
FBNQuest don’t even have online trading yet they charge high..

Is the Morgan total charges for buying 0.6% or 1.7%? If it is 1.7%, doesn't Merristem and United Capital Charge the same thing? And they both have a mobile app.

Though at the end of the day, many people start loosing money from charges alone.

Agbalowomeri:
You will all get Access at 4.20
Calm down

Agba has spoken!

Jejebabaa:
How will they be able to do right issues with this depressed price.

Lol! Really wish I could short sell Access.

needful:
My dear, I don't wanna argue with you because I do not know how to argue. But pls, for ur info, Canadian dollar has never ever been stronger than usd. And to further elaborate my point. In 2016, usd was way over 400 per naira, as at 2017 and 2018, it came down to 350 to 360 etc. Where are all of u predicting it to get to 1000 by now. I repeat, u cant use present info to predict future because forex market is full of fluctuations. My 2cent though.

Can you quote one person who said it will get to 1,000 by now?

No one said so. The point made is still flying over many people's head.

Logic, you pick a time range that favors naira, lol! How about the time range of 2015 till date? How about the time range of 1987 till date? The charts are there for everyone to see.

Then again, what is this logic behind naira salary earners not being affected? I thought we were all smart people here. To disprove a point you bring an illogical statement? Truth is with a naira depreciation in value to the USD, it's people who earn forex who won't be affected. For the people who earn in naira? Not so much. And the most painful thing? From 2015 till date how many Nigerians salary has increased? We all know the answer to that.
Are we all blind to the fact that a decrease in value of the naira to a dollar in a country that imports everything from toothpicks to rice will affect the price of goods and services? What currency are this things bought with? Definitely not your naira. It was after the naira problem laptops, phones, bag of rice, and so many other things doubled in price. So all this did not happen? Salary earners did not suffer and are not still suffering it?
Can anyone can tell me one thing being done that is different from 1987 till date in Nigeria? When you look closely, you will see things are still the same.


All in all. Since you guys just want to win an argument. Know what? You win! I and others trying to advise others are very wrong. We don't know what we are saying. We are obviously saying nonsense.

Mcy56:
Wow! Happy new year my personal e-person. Believed you had a great festive celebration. Good to have you back.
Wishing you a new year full of fulfiled good dreams, God's divine upliftment and abundant blessings.
Thanks I appreciate dear!

all this prayers for me? Chai. Same to you and thank you very much.

samzepaparazi:
Potential where? Let me postition gidigba

Even me I don't know, but it will come you will see it. The problem is many might still be sacred to buy in. That's when you go in. Maybe below 30,000 soon for the ASI? We shall see.

[quote author=Krisuba post=74490718][/quote]It basically means to bet against. I.e. you benefit from the stock losing value, as opposed the traditional benefiting when the stock is going up in value, this is called going long and that's what we are all doing holding a stock, waiting for the value to appreciate and then sell. You can also go long in the traditional sense as with short selling, where you leverage and borrow. But I think you get the point already.

enque:
Thank you

Sorry for the late reply. Do what the above said, worked for my Junior bro who had just 5K in his Stanbic MMF account. He typed everything to the last kobo and got his money.

Also some of you carried that attitude of last year to this new year...

Na wa o. We are all basically competing against each other. So if there was Short selling in the NSE, are you saying because you bought a stock of a company I feel is overvalued, because you are a faceless friend here I shouldn't short it? I shouldn't say fact bad news about said company? I should just talk about good things about the stock and nothing else?
Hahahahahahahaha
If there was short selling I will short Access Bank, you can take that to the bank with you, Access bank inclusive.


Many are too emotional about investing and that is a mistake. Maybe Treasury bills and high quality bonds will be nice for such people. All in all, a potential happy Bonanza period in advance? Time will tell. grin

Mcy56:
I guess as much too.... but it depends on Otedola's sales terms and timing I think.

Happy new year dear. Na only you I come greet.

Happy New year everyone. I took time out of the whole financial markets to relax and just have fun. I am back now.

......

Akby:
Nice thread I must say... I think a higher percentage of people on here subscribed to FBN and IBTC. I actually think ARM returns a slightly higher percentage than others. My opinion tho after studying the market for months

Market for months? First bank beat them hands down. Overall in 5 years Space, it's between Stanbic and First bank. Their consistency in rates are wonderful. This is not just talk, you can check it out on the FMAAN platform.

Kzdguru:
There is difference between withdrawing and closing your account.

You can't withdraw all funds but can get all your money if you decide to close your account.

I am not even sure you can close the account, there is a reason it's called an open ended fund account.

RealityShot:
Enough of debate please.

i use my ibtc MMF like a savings account and on 10 dec i withdrew funds.
i do this regularly.

You CAN NOT withdraw everything.

You will get an error if you try to do so.

You must leave N5000 minimum bal (except you apply for account closure)
~ like kaycodes said

its just like the bank minimum of N1000.

the good thing however, is that, the N5000 will continue to earn you interest.

Jonathan: &CO

Why would you guys argue things you are not sure off. This just proves to me that it is risky to listen to people online. You came here shouting enough like you actually knew what you were saying.

I have proof you can withdraw all, I can even post it, but there is no need. People believing or not has nothing to do with me at all.

Agbalowomeri:
At least make december close in green
That gives January the needed power to nosedive

Hahahahahahhahahahaha. I no fit shout.

BullBearMkt:
DOW is just bringing many of the stocks very cheap. Can you imagine Apple above $250? Now 148 & is still going down!

Many of the US stocks are actually Overvalued, especially the tech stocks. This bear market was long overdue.

DeRuggedProf:
Lol...
I always laugh when Nigerian companies approach the market to list.
When I was just introduced to NSE, I used to be excited. I learned in a bitter leaf pot NEVER, I repeat, NEVER to send my cash to the financial executioners...

If a struggling, listed company encounters real huge growth potential, it delists....m
If a former juicy, unlisted company is about replacing titanic in the turbulent sea, it rushes to NSE.....
On NSE, it gets clean fresh capital that guarantee the mismanagement team a smooth retirement, with sparkling benefits..

Said perfectly! That's why I always warn people to be wary of IPO's. Lol! Most companies list because they need investors money, many people forget that.

fxuser:
umm nothing stops d ordinary shareholder from leaving this bus

Hahahahaha. Facts!

I don't know why it's when things turn to almost Skye bank or Diamond levels before people move...

Chibuking81:
https://googleweblight.com/i?u=https://oilprice.com/oil-price-charts%23prices&hl=ha-NG&tg=80&pt=1#a.prices

oil price keep on going down

Music to my ears...

tritritri:
In ur mind ..u figured it out right ? say this to those in ur shoe in skyebnk .

Remember when u said the merger was rumore? but kept quiet when u discover it on ur favour ?

Stop acting as if you don't understand wat going on. But the truth is it favours u . dat doesn't mean it not a dead bnk .

I even told u to buy more if u believe it woun't go down. I hope u bought more back den.

Bro. You know the answer to your question. Lol.

I am reminded of the saying in a Bull market everyone is a genius. I don't have any problem with the diamond shareholders here, my problem is the way some people decided to attack people cautioning others about the stock.

If they really had confidence, how many of them averaged down? Am I happy for them? Yes, but we shouldn't confuse emotions with logic. I didn't want to involve myself in the issue, but I am someone who doesn't like mediocrity and I feel I am in a position to correct others from making mistakes.

We all know the strongest bank in Nigeria currently is GT bank, but the facts? I would say the same thing about Access bank as GT bank if they are the one pulling this deal. Lest we forget who Access bought this debt from in the first place. If GT bank did the same thing, I would feel the same way, as with every investor that doesn't want to lose money should.


I asked the question before and I will ask again, how many of you averaged down if you were so sure about the stock? How confident were you? If Access dropped the deal today will you still be confident in owning Diamond?

Unlike others I won't mince words at all. Still waiting for their replies.

PIPnator:
The last time i bought any stock on NSE was in 2006/2007. Guiness. Was a good experience based on the return but the actually buying process, isnt.
Bought from defunct broker (Allbond) (maybe they are back in business again, im not too sure) , there wasnt proper receipt. My only claim to the stock was a set numbers they gave me as my.. i think SEC number or so. Luckily i received good dividend from them afterwards plus 1 stock for every 4 unit i held.

Actually what i want is, a brokerage account where i can open and close trade online, withdraw to my bank. Do all these without having to be physically present at the brokers office.

The amount to be traded isnt actually the concern but really thanks for responding. I do appreciate.

Yeah. Then the ones I mentioned will do.

Stanbic, Merristem or united capital will do. You can trade as you like and close your positions easily.

Some people use Morgan here or so. Seems they are okay too.

Godlylifeoneart:
Bra... You are a mile off the track
The mentioning of Gold was in response to the member who asked a question on if money should be invested in savings.... I suggest, With all due respect, you had best immediately start your weekend and start again next week.
I repeat... Buying gold for keeping may offer a better hedge against inflation.

Lol! Never argued with that, I argued with the assumption of calling Gold a good hedge then putting another asset you obviously don't even understand down.

And I mean it, you do not understand it, at all. I don't want to explain anything as it will take time, but we shall see.

PIPnator:
Mahn!!
I should be sleeping on this hread. The knowledge exchanged! Beyond measure!!
Forex thread alert was it for me but this, i found another home.


Hope i'd get answers to these.
Which is the best broker for online trading on NSE , say if the person lives elsewhere outside Nigeria?
Does StanbicIBTC offer online trading? Do they still offer the Nigerian Equity Fund? Any thought on the fund?

Thanks all.

For brokerage services, it depends on what you want. Many of them are quite good.

I know Stanbic can only be operated with via their web platform and you need a minimum of 5 million naira. Respect those who use Stanbic here o.

But Merristem and United Capital, have both a web platform and a mobile app. Merristem has both Apple and Android, I think united capital is just android for now. Minimum amount to deposit is 10K for both.

It all depends on you and what you want.

Godlylifeoneart:
You definitely cannot rewrite hx... The value of gold is ingraved in the commodity itself, not to talk about the liquidity.... Have you or ever seen a bitcoin before? It is an imaginary asset created to exchange physical value
You need not asked any member on dz forum the difference between gold and crypto currency. We are far above that.
Gold remain a physical commodity, it has surpass the value of the dollar since 1972
An ounce of gold was traded at $30 in 1974 today same once of gold is being traded at sub $1250.00
You don't come here and enlighten us about an imaginary ledger created via an electronic platform for the purpose of exchanging values for physical commodities....
The fall and near collapse of crypto is due largely to awareness, not just the conspiracy theories against it.
The moment people begin to know the truth about crypto, the value begins to decline to where its today.
So bra don't compare gold with crypto... An Aboki on the street of yaba ojuelegba road will enlighten you more

This is not the thread for it, I have been banned so many times about discussing about said topic, so I won't say anything about this, or your wrong misconception about what money/value is. Let time as usual decide.

But talking for Digital banking and then going on to talk for Gold is the funniest behavioral Cognitive Dissonance I have seen in recent times. Carry on bro, you are probably right, money doesn't evolve. I am wrong, very wrong.

Yayira:
Nice read but you guys have been wrong 99% of times and will be wrong again..

Berkshire Hathaway was a failing textile company but what is the market cap as of today ?

I know you guys don’t have problem with Access acquiring Diamond but at the price they are willing to pay because to all of you the bank is dead but to Access there’s still some pulse same way Warren found pulse in Hathaway and those who believed him and took the risk to invest in Berkshire in the early are on profit. HUGELY.

Berkshire Hathaway was a failing textile company

You got that right, the company that was a textile company failed.

Go and check what Berkshire Hathaway is now. It was recapitalized and financed from scratch to be something else. It's not about being wrong or right, it's the fundamentals staring right in your face. Can you bring one logical fact or number that shows Access won't die after the acquisition ?


Then You guys have been wrong 99% of the time statement... I don't know about others, but I erm... that's definitely not me, not to sound arrogant. I did state I could be wrong, and that was if new capital came in, or several other factors, but for now, from what I can see?

If Diamond was not having problems we won't be discussing what we are discussing now. I believe you want things to be right because your money is there, it has nothing to do with logic or facts (you haven't stated any), if you had said logic or facts you would have averaged down, the question is did you average down to 66Kobo? I once said if you bought something at 1 naira, you should be happy to buy at 50 kobo if the same conditions are the same as at when you bought. I remember you quoted me, my deduction is you lacked confidence in what you invested in, you have confidence now because of the same news that made you lose confidence in it before. This is my opinion, and they are facts. Like I said before, if you, or anyone here or the news says anything negative about an asset I own and it drops in price, I will buy more, because I know it's worth. Do you know the worth of what you have? Have you done the numbers? What does the numbers tell you? Are you confident because Access is buying and the news? Or are you confident with the numbers?


Logic over emotion in this market is always advisable.

Godlylifeoneart:
I will rather suggest to NSEMPA members to put their money in short term financial instruments.. I. E
TB, Money market savings account

Or buy pure gold from malams(Aboki) same way you buy $ from them and keep
Also gambling on few companies that are well managed.... Less than 25 on NSE... Some of them returned 35 % on the average in 2018 financial yrs despite the ravaging bear
Why gold.... The US dollar has lost about 95% of its value in the last 45 yrs... Analysts believe it wouldn't take another 40 yrs for the $ to loose the 5%
There is possibility of gold being used as net foreign reserves in the nearest future... The conspiracy against bitcoin and other crypto currency render it a ceveat... The conspiracy is gaining ground daily and many investors are backing out.
Investing in crypto is like playing nairabet or Jimi agbaje contesting against sanwo olu in lagos guber election... He will try, just as white ants may try but they can never devour a rock...( Ara nla ni ikan nda, ikan Kan o le je okuta)
Other Green area is pooling resources together and invest in a rental properties... Capital demand is high, especially when most banks in Nigeria would rather loan our deposits to oil and gas companies rather than loaning an upcoming entrepreneurs with interest in real estates.

If you think Gold has value and then go on to say buying c**pto is gambling, then you don't understand what they are I am sorry to say.

einsteine:
Goldman Sachs did not lose money in "the big short"

Lehman Brothers did.

Goldman actually bet against subprime mortgages.

Lol! Goldman bet late. In the beginning they did not and at first couldn't even pay Dr Barry, go and rewatch.

There is a reason Goldman borrowed money from Warren Buffet in that period, they were hit hard too. They were exposed.

Godlylifeoneart:
The treasure bill rates might rise in 2019
Remember, the government has nothing to loose
They will pay back with counterfeit Naira.
Today, you give them your money, they do not even need to print a single naira note to pay you back , all they need to do is digit credit alert . This is why 50% of circulating naira notes in Nigeria are torn coz government is not printing money for maturing Treasury bills bonds and OMO,the sukuk ijara Islamic bond. The existing physical naira(fiat currency) are those notes that were signed by soludo and lamido.... Maybe few new notes are signed by EMEFIELE.
You can check the note with YOU to confirm, i still have naira notes signed by soludo and lamido with me. ...
Government can decide at anytime and adjust the value n rates of TB to suit the economic team of the president

True enough, but this won't still save the naira. Never has, and never will.

Let me go on to enlighten the house further...

Good economy make a strong nation a strong nation makes not a good economy. This is key.

There is a reason the USD is not doing so bad, even with the trade wars. I saw someone in the other Tbills thread say something like some governments are planning bad things for the US dollars... hahahahaha, this is funny. Let's do the quick analysis, the only industry in Nigeria that makes money well is still banking. That's the only innovation we have. We have nothing else, and we can all see this from the high profit margins of the banks. It's one of the things that actually solves problems for Nigeria on a large scale. People need to put their money somewhere. Oil companies? Cement companies? No matter the industry, they all need banks in Nigeria. I am sure they also have more workers than any other industry. But tell me, are your banks serving the world?

The US economy has been serving the world for a long time, Coca cola? Pepsi? IBM? Exxon Mobil? Now we have the likes of Apple, Microsoft, Google, Amazon, Twitter, Facebook that encompasses both Instagram and WhatsApp. Look at this companies, many of us can't do without them. We can't! The world can't do without them! Their method of payment to be collected is ultimately in US dollars! I don't know why people forget this. Which other country has this much good companies that not only affect the US economy, but the whole world? Look at the power of Google from YouTube to android phones, look at apple. Look at Microsoft. They basically control almost all gadgets we use. Even IBM? All in US dollars! They control almost all the O.S. we use worldwide. This is the true power of the US dollars. You can't compare the Nigerian naira to that kind of currency. I don't care what other governments are planning, you can't force an economy to be good, at the end of the day it's demand and supply. Don't even get me started on their movie industry, Marvel, DC with things like Avengers, superman an co... look at the way people flock worldwide to watch them, ultimately people will change their currency to US dollars to pay for this things, it might not be you but someone you pay your naira to does.

aremso:
so where do will put our monies, savings in the bank?

Nope. You are already better off than people with money in bank accounts. Always remember, in the land of the blind the One eyed man is King.

Diversify into assets that hedge each other, like insuring your investments. Tbills is okay, money market funds, bonds, and stocks are all good. I am sure most of you already do this. Consider putting your money in low risk FX assets like Eurobonds etc. Remember, low risk!

Then if you are feeling really frisky you can take a look at C**pto.

The USD is hedge if naira falls, C**pto is a hedge for USD or a global financial market problem or crash?

tritritri:
Agba u're right.But it not affectin the NSE for now. Maybe it will not.

It has been affecting the NSE for a while, and it's about to hit us even harder if oil prices drop which smart foreign investor will leave their money in Naira assets, when the strength of the naira is dependent on basically said oil?

The Treasury bill people arguing with me are about to understand the consequences of a short term memory and too much optimism without logical analysis. The same with most NSEMPA people, many will understand that if something bad happened to you before, if you don't learn from it, you will continue to suffer the consequences.

Mcy56:
This unity bank you guys are predicting it's fall, there is God ooo. Lol.
I understand the angle you are coming from @Gonfreecss1 but will the North close their eyes and allow it to go under just like that? I doubt it.
Also, I want to ask, Is Wapco that distressed that CCNN may take over one day? Just curious, pardon my naivety.

My dear, I agree. As the saying goes the stock market can stay longer irrational than you can stay solvent. When we create analysis, we do so on the numbers that exist. In an ideal/logical world, Unity bank should have died already, but then there are other factors involved.

Let me explain it clearly, if I as a person had a business worth 1 million naira, but I have a total debt of 1.5 million naira and I only make losses, so I barely have anything to pay back what I owe. Is this sustainable? No! But someone could inject cash and voila! I am better, we could even use the injected cash to create better ways to make money and part of the injected cash to pay debt. Anything can happen or be done to revamp my business. This is a classic case of Unity bank, the way things are going they should be dead by now, but like I said they could also become one of the best out there, but my question to everyone here is this, do any of you feel like opening an account with unity bank right now? Or do business with them? If you asked Nigerians, are young people interested in an account with unity bank? We all know the answer to that.

Northeastern:
Oga, just say your bank is a troubled bank or it doesn't have money for expansion. How can you be a bank with zero budget for branch expansion in Nigeria?

Bank of America is to open 500 new branches in the next 4 years, JPMorgan is opening 400 over the next 5 years, and you guys are mocking Access for this landmark deal. AIG had his mind on this, and he would do anything not to fail.

The comment you are alluding to, so because technology will take over banking in 20 to 30 years we should not grow our network? I just wonder why anyone would even doubt the value Access is going to get from this, all this value erosion is because ya all are just looking at it from the point that you chose to.

How can buying a company with a SHF of 222bn, deposits of over 1trillion naira and a monthly revenue of about 15bn for 75.5bn be a bad buy?

Lol! One of the things I have learnt in life is time is a teacher. Not even experience. Time always decides who is right or wrong.

So because JP morgan and Bank of America is doing something, they must be smart? They must be doing the right thing to make them more money? You are assuming too much. If you want us to go there simply ask Goldman sachs how they lost billions of dollars to Dr Barry in the Big short against the Real Estate mortgage backed securities market, it's the same reasoning that real estate is safe and a sound investment that got the last financial crash back then. For a reason people always forget that when unemployment increases and salaries stay the same or lower, increase in real estate prices from rents, to lease to mortgage is stupid, because no one will pay.

With that said, could the Access deal turn out to be good, yes, but it could also be bad, definitely. As for me? At this point in time I choose bad. If conditions remain the same and the current deal goes through, after Unity Bank, I have a feeling Access will be next to fall. No matter how nutritious a meat is, you can't swallow it in one go, if is too hard and big.

That's my 1 kobo.

Oh! And one last thing...

If you think Digital banking is not the future, you are in for a good surprise. Banks have been evolving for a while, I can bet opening branches will be seen as a waste in the future. Think I am joking? Ask the companies Amazon removed from business. People like comfort and flexibility, Digital banking provides that. I opened all my investments accounts from brokerage houses to money market funds etc from home! I didn't step out of my house. That is the way the world is going now, there are people who work from home! All they use is their laptop. Armed robbery is evolving too, people hardly take guns to the banks again to rob, what do they do? They hack accounts! ATM's, Internet banking, buying things with POS without cash, buying airtime from your bank app without going to scratch a card, paying for DSTV and all other utility bills like PHCN from your phone, sending people money without stepping out from your house, what do you think is all this? Very soon there will be banks that don't even have a branch house and will have only websites.
The world is evolving. Companies or businesses who don't evolve will eventually die.