₦airaland Forum

stockish:
this morgan issue is somehow ooo...hoe any body check thru cscs weather their stock is still intact or has anyone withdrawn from their morgan account since monday? Hope morgan cant secretly sell our stocks and part with the money?

Requested for a withdrawal today and got a credit alert for the request in less than an hour.
For now the issue is not affecting withdrawal

Biggybountz:
Champagne Popping!! First Time Bidder !!!

My Bid through GTB has been successful in this instance as I have seen so many debit alerts come in in the last couple of hours.

I advised the bank to go by their own rate as I have not dictated a rate for them. By my calculations from the amount debited off my account i have computed the rates as:

91days - 12.9%
182days - 16.4 %
365days - 17.4 %

All in all I am happy as I have gone through a lot of pain before these finally come through. At this point, here are my concerns below:

1) What is the proof or evidence that I hold TBs? and they were taken through GTB? as I have not been formally contacted by GTB yet. No documentation whatsoever.

2) How do i know the maturity dates? I have no documentation at all.

3) how do i go about selling them should the need arise?

Thanks to everyone who has contributed here, every contribution has resulted in my successful bid today, I took the pain to read from page 1 and have not regretted doing so. I wish the property section was this informative.

Sorry about the font size. I have tried changing them to small fonts but cant get my way around doing this

For the bolded part (from page 1 to?)
All your questions have been treated before.

opisco01:
please I am entirely new to the stock exchange market. I am highly interested in investing...
Pls can anyone just give me the basics on what I need to do and what not to do. Thanks alot

What to do?
Read from page 1 of this thread to the last.

What not to do?
Do not say it is too long.

mercylicious:
Mercy kwa?
Mercy is back. but partly.

Missed u guys oooo
Was very busy with trad things.
Wedding coming soon - Oct 1.

Pastor ihediomma, wish to see u there. Bethany hall.
@ph ppl will join u guys soon. I will be needing biz DT move well there both online and offline.

More green to ur portfolio. I checked my fcmb this morning, infact, I haf died.

Congratulation!

puna:
Updates...has any successful bidder been debited yet?

Gtb 364days debited @17.685

presiade:
I specified my minimum rate for them.

walexlo78:
Dear All, based on Presiade's comment that means GT fall among lists of banks where you can bid with your own rate.

Officially GTB do not allow you to choose your rate.

Dannylng:
Please correct me if I'm wrong

If you buy tb of 10 Million for 91 days @ 10%.

At the end of the tenure you will have 1million gain.

Now you have 11million excluding fees

Now let's say you buy another 91 days with your 11 Million ( 10 + 1).

At the end of the 91 days you will have 1.1 million gain

Now you have 12.1 million in approximately 182 days.


But if you decided to invest that your initial 10 million for 182 at say 18%

You will have 1.8 million at the end of 182 days as gain

Meaning you will have 11.8 million as you total cash in the 182 days tenure.

Conclusion

You get 12.1 million for investing in two consecutive 91 days (182) tenure at 10% interest rate


And you get 11.8 million for investing in 182 days tenure at interest rate of 18%


My question is this; is it not best to be investing in 91 days tenure than 182 days and more.

Please correct me if I'm wrong with my calculations

This kind of thoughts have been raised many times on this thread.
For 91days you divide your interest by 4.
For 182days you divide it by 2.

So for your example if 10million @ 10% for 91days, what you get is 1m/4 = 250k

Please read through the thread. Most of the questions has been answered.

Gtb 365 days 17.18%

just2endowed:
hello guys,

Gtb is telling me the minimum i can invest in TB is 500k. Guys is it the norm for TB application in GTB?

and do GTB allow someone bidding by him or herself?

and lastly, Now that the CBN had increased the MPR from 12% to 14%, does it have effect on TB rate in next auction?

The 500k is for Gtb secondary market. You can invest less than that amount from the primary market.

On default, Gtb do not allow you to choose your bid. Unless you are a "BIG FISH".

Yes

Mfunkynation:
pls how do u calculate d percentage

You can try this method.
New price divide old price, minus 1, times 100
I.e
{(new price/old price)-1}*100

I will illustrate with 2 examples:

1) If a price moves from N2 - N3
= 3 divide 2, minus 1, times 100
This will give you 50% increase
I.e
= {(3/2)-(1)}*100
= 50

2) If a price drops from N4.8 - N4.23
= 4.23 divide 4.8, minus 1, times 100
This will give you -11.875% decrease
I.e
= {( 4.23 / 4.8 )-1}*100
= -11.875

#StillLearning

ogoo4real:
Current price of Fbnh, Uba & Access please

At offer
Fbnh- 3.54
Uba- 4.6
Access- 5.69

Observed from this pic
1. Opportunity to ball out of skye at 0.77. (Now on full offer, no bid)
2. Ucap 15m purchased at 2.35

As usual,
I expect them to tell us I sold yesterday
I sold 70% this morning
I sold.....

Abegi!!!

The truth is that some of you bought more this morning before the market opened today.

Team skye
10:41am
Offer 13,628,076. No bid

If you are still in. Relax mercylicious is stll with you

Lovinwa:
GTB has not debited me, I submitted on Monday and went for 14.98% for 364 days. Is it b/c I chose my rate because they usually debit me when I go with their own rate.

And is there any evidence of purchasing NTB that banks give like in FD? Something like certificate, thanks.

For Gtb, It also reflects on your account when you log in via Internet banking.

Skyebank

Joysmart:
Please which Morgan capital email address do I send message to if I want to withdraw some money

customercare@morgancapitalgroup.com

IHelp:
ANRETE

ETERNA

ANRETE

Damolux01:
6th July.

Holiday?

Alphafemale:
Today. 22/06/2016

29/06/2016

Intendy:
bro you see we are back to what I said the other time.

thank God you finally give him the full list of brokers which I suggested earlier.

happy weekend.

Still on your mind? Thank God this question came up for you to clear it off.

leexey:
Pls I need more orientation here, I submitted a bid on Friday through first bank and my account was debited instantly same day, but to my surprise my account was credited back yesterday informing me that my bid didn't went thru. Is this the norm, and also end of the month interest wasn't given on my balance.

Each bank have the way they operate. This is the way first bank operate. They debit before the bid day. I have experienced same with them, though on bond not TB.

9galen217:
Pls How long does it take the bank to debit one's account after a successful bid. My bid was successful from yesterday's auction, but am still yet to get a debit alert on my account. GT Bank to be precise. Could something be wrong?

If you have confirmed the bid was successful, you don't have to worry. You will be debited tonight or tomorrow.

DeRuggedProf:
pls present prices of:
ZEE:
UCAP:
Thx

zee-over 19m bid @13.91, no offer
ucap- 2.27 bid, 2.30 offer, 2.29 last price

Primetech:
I can't access morgan itrade portal. Is anyone experiencing the same thing

Is working fine here 1:31pm 02/06/16

ferome:
pls when is the next auction for t bill of course

On 15th June. Submit your request to your bank before this date

ukay2:
Profit takers are highooo.


Be careful..

Oga Peterichie please show now oooooh

I want to buy ucap today..

Is it safe?


Cc.
Godisfaithful
Angeloe
Zendi
Ihelp
Feelamong

Your strategy might be different from mine.
As long as prices keep going up and down, my money keeps growing.
If I buy at 2.40 or below "now" (27/05/15 11:21am), I will not be afraid based on my strategy.

It can only get better.
Wow! I love this market

Below is a mail from one of my brokers. I think I should share.

Dear Esteemed Client,

Lafarge Africa has launched a Voluntary Tender Offer (‘’VTO’’) to the shareholders of AshakaCem Plc.

Under the terms of the VTO, AshakaCem Shareholders who accept the Offer will receive 57 ordinary shares in Lafarge Africa for every 202 ordinary shares in Ashaka Cement and a cash consideration of N2.00 per tendered share.

The consideration is illustrated below:

Former Position - Ashaka 10,000
Current Position - 2,821 units of Lafarge
Additional consideration N2- N20,000 Cash consideration

Attached is the Tender Offer for your completion.

This offer closes on June 10, 2016.

Kind regards,

africanman85:
Pls am new to this treasury bill stuff. I don't understand d area of auctioning . Do I have to auction d bill after purchase to get my investment and interest back ?

Read through the previous posts. You will find answers to your question and even more.

bolabiyi:
yes I am new..u wey b old..congrats, go gtb go collect money, tell dem say u b old member for nairaland

Why Gtb. Just wondering! Why not ....go bank ....

aamgroup:
Diamond and gtbank ile ife

Please re confirm the duration. It is either not T bills or not for 364days.