₦airaland Forum

rebekah2011:
I agree with you. But the company should not have gone back to adjust the entry they made in Jan 2015 when we were debited N5,000 instead of N2500. There is also no trace of the reversal of entry in October 2015. Our blood is hot, having lost heavily. So deductions from our accounts however little it is will be challenged. Morgan is cool and to say they are fraudulent is not complimentary enough.

Still highly disappointed. Making changes to entries in an account ledger has a standard procedure you should follow. How can you just delete like that? In a situation where adjustments have to be made for systemic glitch, proper/detailed info should be communicated to the customer. This Wale's style of account reporting is not good at all. Very poor from Morgan.

Agbalowomeri:
It is called corporate social responsibility. You guys no wan dash Morgan small out of all the wonderful deals Morgan give una throughout 2015, haba. Una know say time hard na

N2500 annual fee is not too much considering the low brokerage and good platform provided for trading. It's the abracadabra that was done that I find disturbing. My account was debited Jan 2015, the so called system glitch in October did not credit my account with same. Now Jan 2016 , you deduct N5000. Who does that? What stops the firm from deducting N1000 from your account every now and then without you knowing, since they can alter your statement? Reminds me of a banking fraud where $1 was debited from client's customers' accounts over a long period. Very difficult to detect. Like I said, I'm sorry they just breached my trust.

stockbull:
I think this is obvious manipulation..I've heard someone talking to me about it today. the same thing happened to the accounts I've with them. they're not replying my mails since I promise to take it up. the so called, erroneously reversed #2,500 has not shown on the BALANCE and also, the statement of account of their clients were edited from their end.

I'm sorry to say this. Morgan is a fraudulent company. How can you edit account statements of your clients without communicating to them. I was debited Jan,2015. Now I can't find that in the statements. It has been removed. They probably thought we don't keep personal records of our own. Imagine deducting even 2500 naira from all clients without their knowledge. The so called reversal didn't reflect in my statement either. I am highly disappointed. One has to be very vigilant with this broker.

gbolah4real:
Well from my understanding of the market i will boldly stake my shirt that below N9.90 is impossible at this stage. witness also that the volume on offer has significantly reduced compared to yesterday

Just make sure its not your favorite shirt or at least have a spare.

locodemy:
It is true this is a faceless forum but most guys here have iniders information,some are market players while others partner with institutional investors and portfolio managers.

i see no reason why people will be warned to stay away from fcmb and skye bank and they insist on buying them.people were also warned about unity bank and oando before the burst.

Tell your friend that it is where he has chosen to invest his money and should bear the losses.fcmb is yet to file their nine months result and their year end result will even bring HBP to shareholders.it is either he pulls his sell trigger now or face the father of bears.

And the stocks people were advised to buy, how much are they now? A crash is a crash oga..........leave thrash for lawma The winners are those who exited on time and are loaded with cash.

newdada:
Ive lost money in the last few month in NSE. However, if Oando gets to 3naira, I will gladly jump in and wait.

But why Oando?

locodemy:
The man on top of you is getting crazy gradually.he said that he has loose too much money in shares.

pls try catch him for me.i dey cure people wey wan colo menta........

Mr Locodemy, you can talk for Africa sha. Lol

Race for the exit is mad.

sky2891:
Thank you so much for the information, my brother.
I am currently accumulating FBNH as long as it remains below N5.00 though it may not be the best stock for now considering their loan portfolio and CBN regulations and restrictions on banks but the resilience of this bank for over a century and the new management will of course turn the bank around on the long term. This is a prize we may not witness in the next 10 years. Succeeded with 680,000 units so far and still accumulating gradually FOR LONG TERM.
UBA is also on my radar but I take stocks one at a time and long term.

I don't think it's ideal disclosing your portfolio details in a public forum. Just saying

ufotty2001:
abeg what price are you planning to sell.. me na jijo I come do for skye bank oooohhh I will sell @ N1.26k.. REMEMBER THE PRINCIPLE OF TRADING DONT BE FEARFUL AND DONT BE TOO GREEDY

In this case, I think it's FEAR that applies.

locodemy:
There is one stock i will like to take a bet on but my problem is the stock is always illiquid.They always pay dividend except last year.Own by a cyprus man.pls anyone who knows this stock should decode and tell me his findings on the stock.it is overlooked now but looks like the chief cornerstone in 2016.

Liquidity is a major factor in 2016 because of the volatility in the stock market all over the world. You don't wanna get stuck with a stock. Comot eye from AG Leventis. My opinion though.

UBA still playing hard-to-get.

Born2berich:
Waiting at the N1.18 junction

E don happen o. Got some at this price. Make I go wait at N1.12.

Born2berich:
Una wan give oga Manonamission HBP?

Either direction is cool actually. Guns still loaded for the N1.1x price target.

Born2berich:
Waiting at the N1.18 junction

Impossible is nothing. Watching and ready for anything.

Looks like too many traders got their eyes on SKYE Bids just dey swell. Flight is set to take off.

Justcul:
I am fully armed sir, i truely want to bid below that price again tomorrow By the grace of God, i hope to grab more sir

Like i said before, its not a recommendation..

You shouldn't regret it sir

Justcul:
at N1.24, i have nothing to loose on skye (thats just me, dont know about your risk appetite)

I agree it's not a bad move but considering the offer volume at N1.24 and the fact that it touched N1.18 on its last descent, I would expect that it dips well below N1.24 tomorrow.
I hope to join this train tomorrow (N1.12 - N1.24). Volume might be low at N1.12 if at all it touches it.

Watching UBA too, perhaps it might dip below N3.00 tomorrow.

Agbalowomeri:
[/b]

E never finish, remaining #Riff raff

Agbaya niyin sir

PETERiCHY:
If you don't know the rationale behind the link i posted you either you ask or kept mute.

Then those of you that has been financially bankrupt by NSE whose only job now is to come online and look for who to vent their frustrations on.

Bring it on, its part of my ministry.i pray may GOD heal your demented souls

The content of my post and the language used don't show any sign of frustration on my part. Where is this coming from? You need to relax. The NSE, this thread, currencies, crude oil, life itself is fleeting. If anyone of us dies today, what becomes of our portfolio?

#financiallybankrupt #frustrations #dementedsouls .................. on top wetin?

PETERiCHY:
http://developer.investadvocate.com.ng/2012/08/10/stanbic-ibtc-shareholders-endorse-holdco-structure-2/

The statement added that other resolutions passed at the Extra-Ordinary Meeting was the reduction of the bank share capital by a total of N7.5bn as a result of cancellation of 15 billion out of the 18.75 billion ordinary shares.

It said, The holding company will have 10 billion issued and fully paid up shares of 50 kobo each.

Following the share reduction, the number of shares held by a shareholder will accordingly change as four out of every five shares will be cancelled.

Bros, this news item was 3 yrs old as at August 10,2015. In order words, the changes have long been effected. You can check the NSE website for the fully paid up shares of Stanbic IBTC.

Justcul:
Is it time to Jump out?

Caveat: I have Fcmb in my bag

For me, if I must hold 2 banking stocks in my portfolio in 2016, FCMB and FBNH will top my consideration especially at their current prices. Their holdco structure will confer on them certain privileges deposit money banks can not benefit from.
Govt is going to be raising a lot of domestic debt in 2016, the likes of UCAP, FBN Capital and FCMB capital, among others, will be arranging the funds (of course for a fee). The capital market will witness increased Govt patronage and we know the leaders in that field. I am aware DMBs will benefit from the fund raising but not in the form of incomes accruable to lead arrangers.

This is not a JIJO perspective though and you are permitted to thrash it as soon as you are done reading.

ogoo4real:
The short term I mean is one week min,
Two weeks max.

Okay. This is a very personal opinion. Watch the sell off going on in SKYE. Target the N1.15 to N1.23 range. Let's hope it gets there. It just might touch N1.23 by Friday, hopefully (apologies to those that have SKYE in their portfolio). How deep your pocket is should guide when you start buying. That your 10% go dey small when harvest time reach ( max is 2 weeks from date lower value of the range was reached). Very very very personal opinion indeed........more like what I am doing in front of my computer. If it goes against projection.........na to sigh and laugh at myself o. If you buy at that range their is no point panic-selling if it dips further. March/April is just around the corner......meaning don't use borrowed money so you go fit convert to medium term.

Born2berich:
I hope you are aware that their q3 result is not yet out and speculation is that the result might be bad....Some people might have gotten the info and may be dumping.... This is exactly what oando did to deceive shareholders when over 60million units were traded last year before they released the bombshell result...Better pray for the best...Remember, no company will ever withhold a good result for too long.

Like I said, it's just an observation. It's not to raise anyone's hope.

Intendy:
When you see a man selling handkerchiefs and still sweating profusely in traffic, it tells you that possession is not the same as ownership.
Oya digest.

Hilarious. I love this.

ogoo4real:
Please name one or two stocks for short term profits of about 10% and above.

Define short term

Over 50m units of FCMB was traded today. The last time such a huge volume was traded was April 2015. I have FCMB in my portfolio and it's only normal that it caught my attention. My mandate to buy more at N1.53 wasn't successful today. No intention to promote it either.....just saying. In fact, it could be a prelude to a big crash in price.....may be not.

Intendy:
k.but with that swing he posted,didn't he pay commission.

if he ji @ #1.48 his BEP estimate is
#1.54 no profit no loss

Na only am go fit explain that one. Lol. Just gave the actual value of N7k, which is 7000 Naira only.

Intendy:
based on what u post
#1.51-#1.48=#0.07k
okay kontinu

N7k= N7, 000.00k

UCAP is a good stock sha.

locodemy:
The two stocks are Aiico and Nem.They have a very good Q3 results.

Aiico and Nem have always had good Q3 result. Wait for full year result.

locodemy:
why not wait and watch the direction of trading today and see the sectors that will be very active. Remember that Ag leventis is in talk with Federal Government on some of the projects at hand. i am not saying you should buy but put the stock in consideration and do your due diligence.meet you at the floor later ..........vuuuuuuuuuum

Kindly post source/link