₦airaland Forum

angelo82:
I don't think FBNH will rise again after the closure of register............Trading at 9.99.....

If doesn't rise this year it will rise next year

Almost got into one few years ago , now imagine if u don't live in the country and u have paid , to get that money back u go suffer ehnhhn
I won't mention the name of the real estate company , it was latter I found out that they collect money from buyers and build for the another buyers that had deposited with them months/ years before you , so you will have to wait and pray for some to pay them before they can start yours .. and you will latter start seeing hidden fees coming up and low standard houses

[quote author=blank post=33192392]@ Lawyer, this is a very apt thread. I will give my own personal experience and will call names because i do not pull my punches.

I tried to invest in Lekki Gardens Phase 2. They were dodgy about releasing information and gave out false info as well. I remember Gladys saying that each house will have inverters, the estate will have a town hall meeting in which they will choose their own service charge and electricity charge, each house will be provided with a carport, etc. I asked for a contract that states all of these which they didn't have. I asked to see the documents of the land, they kept telling me long stories. Can they start building if they do not have title? Will they swindle me and run away with the houses? They can only show me after i have paid up fully and other such thrash. Also, they don't have building plans so could not get a mortgage. After 2 months of back and forth, i let go. This was before they started building Phase 2.

After a couple of years, they had built up and really expanded and we were interested again. By this time, the areas available in Ajah were either Phase 4 or Phase 3 extension. After seeing the layout, we decided on Phase 3 extension because of the access road and how easy it would be to access the express. It was meant to be directly behind Phase 3. They showed us the documents which were that they had a court case that had been settled by the families. Gave us an upfront contract (although they said the proper sale contract would be after full payment, i have forgotten what they called this initial contract). We paid the deposit and started the wait game.

After 3 months, we went there and noticed that the access road beside phase 3 had been fenced off by the people beside. That day we went, we saw army and navy fighting over one side of the land (the unfenced part) where the estate should be. We started disturbing LG to show us where the phase 3 extension will be. Today they will say it is on the right, another day it is on the left. They said the access road will be through Phase 3 or phase 4. We did a search of the documents and realised that LG lost the land they bought and they had to re-buy it from the original owners which they had not done. We started bombarding their office for our money back. They wanted to give us phase 4 which was already being built but we insisted on getting our money back. That was when they mentioned that in the final contract, refunds will be 10% of the money paid and they will refund after 3 months. That was a very long 3 months. We went there with my cousin, a lawyer to fake a law suit if they should deduct any money as we didn't enter into that contract (it was meant to be done after full payment) neither are we defaulting. They were the ones that defaulted.

They finally gave us our full money after 4 months and i have steered clear of LG and any other estate property since then.

passwelle:
Sir, where the offer exceeds the bid, and the trades are happening at varied prices in descending order, it looks like a dumping.

some pple are dumping , and some people will buy lower , that is the game

QUITE HOUSE THE BEAR CAME KNOCKING
IT'S JUST FOR A WHILE , NO WORRIES

Zenith bank na Bad bank , I requested for 182 days , they gave me 9% for 91 days , this is the first and the last time am goin to deal with them

currentprice:

[quote author=angelo82 post=33062008]I can't stop laughing when you refer my profit to loot..........lol......



Na loot now , u dumped on someone to collect his/her money ..well its still ur profit bro

he he he , was once in that circle when I first started

[quote author=angelo82 post=33061688]I monitored everything from morning till now......Its very funny market,but has a lot of potentials.....I sold some batches of FBNH that I bought at 8.5 today and I made a remarkable profit.....I hope to sell the rest after next week....Its good to use NSE website to monitor the prices directly.......



Good for u , enjoy ur loot sir
holding on

feelamong:
Dear xxxxxxxx

In the past two days, CBN has been experiencing system downtime with its settlement platforms, precisely RTGS & S4.

Consequently, these hitches have hampered CBN’s operations as deals that are meant to settle via these platforms are all pending. Some of the outcome of this challenge are briefed below:

1. The entire industry cannot determine the opening figures for trading money market instruments & fixed income securities.
2. RTGS operations are also halted as movement of cash amongst Banks is inoperative.
3. Treasury Bills maturities cannot be accessed. This means that Banks are yet to be credited with proceeds upon maturity yesterday.
4. Primary market auction which held two days ago is yet to be processed, and as a result, auction results cannot be advised.

While we crave your forbearance, we implore you to accordingly advise our customers, particularly those whose deals are pending. Also let customers know that this challenge is not peculiar to our Bank but to the entire industry.

However, CBN is working tirelessly to resolve issues and we will inform you of any development.

Many thanks.



THIS IS TO ADDRESS OUR FEARS!!!! AM SURE THE ISSUES WITH THEIR SYSTEM WILL BE RESOLVED SHORTLY!

Thanks

myjoy08:
Anyone who understands the game will surely know what is at stake. No Wahala

we go dey

angelo82:
I keep learning everyday about this market.........Now I know the best hour to buy and this best time to sell in a trading day........

FBNH sold for 9.97 this morning ,back to 10.36.. for the jijo pple

angelo82:
I keep learning everyday about this market.........Now I know the best hour to buy and this best time to sell in a trading day........

FBNH sold for 9.97 this morning ,back to 10.36..for the jijo pple

[quote author=angelo82 post=33054817]When is the closure for Access..........




Based on the info I have 24th April a..but am not sure , saw 17th somewhere again..my08joy will know better

[quote author=angelo82 post=33054751]The market mechanism is somehow...........



marked down for dividend I meant sir

[quote author=angelo82 post=33054456]Does that mean it will now move up fine or come down?...........



Does not mean that , I think 0.35k has been deducted from yesterday's closing price

[quote author=angelo82 post=33054025]Hope it get better............



Hope so , seems access has been mar ked down

angelo82:
The market is not good right now..........

Hmm few red

[quote author=mercylicious post=33022550]Anyway, today is my bday.
Happy birthday Ma'am wish u many happy returns

[quote author=angelo82 post=33025432]You should be talking about tomorrow first......



ok sir , tomorrow

angelo82:
FBNH is down today?

FBNH is still surviving , we shall see how next week go be

angelo82:
Seems like UBA is still a good buy...............

yeah ..Joined the train for mid term

angelo82:
Seems like UBA is still a good buy...............

yeah ..Joined the train for mid term / long

FrankTalk1:
What about buying more? Am considering it, hoping that it would get in motion and reach 6 soon.
Or do I use the money to get more of UBA?

Joining uba train

NSE ...grace to take profit and not be greedy one should ask for it , some stocks have started changing