₦airaland Forum

Mpeace:
So you mean Uzoma would be a member of Access bank's board. What a valuable addition. He would bring his wealth of experience to bear in the affairs of Access bank.
Who says access cannot repeat diamond's recent great achievements in the near future? That person no kw maths.

Lol! Classic!

DeRuggedProf:
Let's wait for denials tomorrow. It may be another rumour to buy the shares of the fastest growing retail bank in Africa and a very profitable bank, with great dividend history very cheaply.

Lol! The sarcasm in this statement en... hahahahahaha.

Prof Prof.

TONY56:
When was Stanbic shaky?
If you don't know, Stanbic has always been No1 or No2 for a long time despite the fact that they don't have up to 1/3 of the branches of First Bank. Refer to their share price at the stock market if you are in doubt and you will see that it's either Stanbic at the apex or GTB.

If what you are looking for is a Nigerian Bank that is strong and reliable, then think of STANBIC, GTB & ZENITH. FIRST BANK is very far behind these 3 banks.

Facts! Facts! Facts! Also wanted to say this.

eagleeye2:
Still reading up on it. And also how safe are the invested funds?

As safe as Tbills.

fxuser:
- means if u just look at closing prices on friday for the past few weeks , its keeps going lower and lower dan d prev wk
- dis is called a breakdown , d current momentum and mindset is bearish
- best to just be on d sidelines while price finds a new support level

hope dis helps

You and BBM are doing a great job here man. Bless up! #Appreciated.

eagleeye2:
I got 11% from access yesterday for 55days.
13% 361
12% 161
I just did the 55 days. Don't have time to tire money down for long time.

You should have just done a Money Market fund instead.

tritritri:
Not sure our market is matured to that. If short sell is approved for individual trader believe me many badmouth here and dere.

It will balance out at the end, because where there is short selling there will be going long too. So I think it will be an advantage rather than a disadvantage.

RealityShot:
Well, like you warned me, i checked my account this morning and saw my cash still sitting there!

i rushed to the bank and the officer wasn't on sit @9:30, another worker said there was no network.

Well, i will move my cash back to MMF till Jan when i shall move totally to stanbic Ibtc.

First Bank, thank you very much for showing me, i was right to never open account with you guys.

zamirikpo, please has your subscription been completed? Thanks

First bank have dissapointed me on so many levels, I have made up my mind not to do anything with them in the future for now.

Mcy56:
Me self dey monitor am.
One just have to be careful of CBN's sledge hammer, this one the shareholders are calling on CBN to intervene quickly.
It's risky to buy and leave it over the weekend, its weekend they normally carry out their evil acts.

I really really wish we could short sell in NSE, would have made a lot from this Diamond bank Fiasco.

Mcy56:
Chai!
Bros it's just a compliment o.

Hahahaha. Okay o.

ernie4life:
Hi GonFreecss1,

yes i have, but am confident that they wont default their payment.
the recently became a national bank therefore there reserve ratio reduced meaning more funds at there disposal.

Nice, will be checking them out.

Desanta:
How often does Stanbic ibtc reinvent the accrued interest?
I'm not sure it's weekly!

Is it lower than expected?

Mcy56:
Uhhmmm, this compatibility you are sharing ehnnn
Cant really see anything I have in common with Mendes anyway, me like jijo he doesnt ...... but I can admit he's one of the guys I respect much here. Make I stop there.

Chai... see that statement at bolded... looool! Hehehehehehehe. What NSE has brought together, let no man come in between.

mendes911:
Mcy56 that Arduino followed and found himself in Aiico..... You now want me to try my own luck? Lai Lai.

Hahahahahaha no na. I just like the 2 of you's banter, maybe na the M and M they do me.

tritritri:
Please share more light on this for slow learner like me. na berg i berg @GonFreecss1

Lol. I am not as bad a guy as you think o. I am a learner too. What I am trying to say is, some people here are being optimistic, thinking it's all over, capitulations have not even started.

I remember one time someone said once dividend is above 10% yield or close to Treasury bills interest or so, then they are at the bottom. People have forgotten some companies paid a dividend yield of 20-30% in the past 2015/2016 period which is still close. Another person was saying something about a bull market soon, even when the all share index has been showing otherwise. Hence my statement, people have short memories. All in all, I am still a learner but I know people always behave the same way, Numbers don't lie.

arduino:
Bros, weed no dey good for hot afternoon oooo....

Hahahaha. Bros. Just playing around to cool tension, but I dey feel the 2 of them sha.

aremso:
[/b]



You mean many are yet to understand what sell off mean at the bolded? very bad experience to learn from ooo

Lol. Hahahahaha. My brother, we will be here observing.

I don't know if it's the name chemistry (name starting with M), or the way they reply each other, but Mcy56 and mendes911 look compatible to me. Make we ship una?
Couple goals to meet in the financial market.

PS - Just trying to have fun guys. Many will soon comprehend what a sell-off means, only a few will learn from it at the end of the day. People have short memories.

samzepaparazi:
hello people,

please what do you think the new trading band for diamond bank will be.

Entered at 1.10

Hahahahahahahahahaha. You FOMO'd?

Ah! I don't even know what to say.

ernie4life:
Diamond Bank eurobond is currently at $96 a unit with coupon of 8.75% for less than 6months, thats a good opportunity.

Many people are scared of diamond bank because of the recent propagandas of a planned buy out which is not yet confirmed,

in my opinion I don't think its true,
even if there is a buy out, the buyer also buys the firms liability meaning, the buyer will still pay the bonds and coupons upon maturity.


Note: the offer rate is indicative, meaning it can change at any time

Hey Ernie! Longest time my friend.

Have you looked at their books?

Chai. What a day at NSEMPA! Emotional drama all the way. First of all, why should what someone you probably don't know on the internet affect how you trade?

If you have a difference of opinion with people, how does that make them or you village people?

The moment you announce your trades on a public platform be ready for dance of the masquerade. It's the same thing with celebrities and famous people whose lives are out there. That's humans for you.

Always remember that many have a different agenda from what you are here for. People's opinion will be different, but you know what can't happen? No one will take your hand and buy or sell a stock for you. It is you that will do it last last after all is said and done, I am sorry if I sound like an asshole, but this is the internet, what did you expect? We can't all be mincing words and hold hands and dance, or do some Kumbaya.

So just take it easy guys and suck it up! Emotional tantrums won't help you or anyone else. The first rule of the financial market is to remove emotion, and like Warren Buffet even said if you say negative things about stocks he owns and it goes down in price, he will buy more. If you say anything negative about a stock I own, and price drops, I will thank you very much, buy more then go and give a lucky girl the best sex ever.

As far as people are not breaking Nairaland rules or abusing anyone, I think people have a right to post whatever they want to. If people don't have that, then why are we here?

mendes911:
I never knew how badly you were hit until 2 Friday's ago. The bulls surfaced in Diamond on Friday and by Saturday, you quickly reconciled with your arch enemy, Mcy56. The friendship got more cemented when she bought and joined you in Diamond. I hope you will maintain the friendship going forward, you almost nearly changed tone today!

All the best in your endeavour. Am surprised that you are surprised that you missed averaging down when it got to 66k. I told you months ago when this stock was trading above N1.50 that you will be too devastated to buy the stock at 80K, it got better than 80k and you didn't buy more! I hope you will not watch the whole waves from 1 to 100 and still be stuck with your diemond shares at the end of the day. Anything can happen in this market.

Say I like woman no mean say I go sleep with anyone that comes my way. Some women will naked in front of me from morning till night and my commander will never get tickled. Since DBN released their Q2, I was never in any way interested in your Diemond stock. I could buy a few units of the stock when it finally trades for 20k, just as a bragging right that I once bought the stock at that price. Nothing more, nothing else.

Hahahahahahahhaa.

Internetboy:
Also I read sonehwere that, Stanbic charges 20% of the profit (interest rate)... Its this true?

Erm. I am not so sure. Call their customer care and ask though. I suspect 1-2% off the % of the interest. So could that be 20% of profit? Probably. But before you quote me, please talk to their customer service.

Internetboy:
Good info you have here. I have dom account with Stanbic. How is the dollar fund interest rate calculated. Do you have idea of the maximum investment amount one can do.

I want to venture into this kind of investment, any little info you can give to assist will be appreciated.

I don't know how Stanbic does theirs, but the rates fluctuate just like other mutual funds do. If you speak to their customer care they will tell you how this is done.

condomuser:
This is for Eurobonds dollar denominated mutual funds ?

Yes, could be lower though if I am being conservative I will day 5-9% per annum.

BENARI:
Thank you.

What are the prevailing rates for this mutuals Pls?

They have an average of 7-9%

dipoolowoo:
Fitch Downgrades Union Bank’s National Rating to 'BBB-(nga)'
https://businesspost.ng/2018/12/05/fitch-downgrades-union-banks-national-rating-to-bbb-nga/

Fitch Affirms Fidelity Bank at 'B-'; Outlook Stable
https://businesspost.ng/2018/12/05/fitch-affirms-fidelity-bank-at-b-outlook-stable/

All this rating agencies sef, I don't trust them to an extent.

rafindo:
Having followed this thread for some month now. I kind of need some sound financial advice. I have 100k to invest in Ntb by using the I invest of sterling for the next tenor rate of 85 days and maturity date on Feb 28 2019.the problem I have now is am new to the financial market. So I will need advice on which bank has the best rate, if I assume June as pull out date.
Or what are best way to Increase my capital to at least 130k.

secarto7@gmail.com
Highly in need of the directions

To at least 130K? That's a 30% increase in a short amount of time, only high risk investments can give you that. You have to understand the type of investor you are and your risk capacity.

rafindo:
Well noted sir, can I follow you up on some market analysis. secarto7@gmail.com.
Hoping earnestly for your reply.

I have replied you.

shiftbutton:
Please what's the process like for Eurobond fund? Do you need to have euro or USD domm account? What's the minimum investment required?

I do the mutual fund type, and yes you need a domiciliary account as that is where your interest will be sent. Minimum is 1,000 USD dollars then a subsequent 500 USD minimum anytime you like.



You can choose between Stanbic, FBN quest or United Capital. They will put you through. Just visit their site, email or call them.

Note Stanbic calls theirs the Dollar fund. Forgotten what Fbn calls theirs. But just talk to them they will understand what you want.

Ibrahim505:
List are not seeable at this platform using phone. Is there any other site that one can see the price list?

That's the only one I know. Why not use Desktop mode on your phone?

Jejebabaa:
Sir, you seems confident that the worst is over in this market. Impossibility is nothing in NSE and hope you know that boss.

Lol. People have short term memory.