₦airaland Forum

@Freeman67
The transfer form given to you to sign is a signature specimen form, just like the lady told you.
I got to know this when I was processing my e-dividend form with Africa Prudential and they requested for my signature specimen.
I contacted my broker and that was the form sent to me to sign only the "transferor's side' only. They are to fill the remaining section for you by themselves cos they know what and what to fill. This will be attached to your CSCS statement and forwarded to the registrar by your broker.
Pay the token fee and spare yourself unnecessary stress cos there's no way you can by-pass your broker where signature specimen is involved.

Bomboclad:

I just read your post again and saw that you write a brief hint based on a link, the link I commented on was that of fcmb. Thanks anyway.

FCMB:
Final Dividend: 14kobo
Qualification Date: 14th April, 2020
Payment Date: 28th April, 2020
Registrar: Cardinal Stone

http://www.nse.com.ng/Financial_NewsDocs/29547_FIRST_CITY_MONUMENT_BANK_PLC._CORPORATE_ACTIONS_MARCH_2020.pdf

Bomboclad:
@Mcy56 ....so you don't have to open the link: "

I have to open it since you wouldnt give us an hint of what is/was there nah.
Think it's less stressful when someone posts a link and give a clue of what's therein.

RabbiDoracle:
Ten ten percent gain will be pouring in.
I want to believe that yesterday was the last decapitation.
Goodluck guys.

This message carry weight ooo.
We are observing......we will be on the look out........

onegentleguy:
1st let me commend ur effort in always trying to lend a helping hand to the newbies in our midst.
...Ur doing a nice job. Pls keep it up !!
However, ur description with the part in bold fits a different kind of mandate called; GOOD TILL CANCELLED(GTC) order or where the timeframe is definite, a GOOD TILL DAY(GTD) order.
...the former runs indefinitely but can be called-off in between, while the latter runs within a one day timeframe but can not be called off.
The term FILL OR KILL(FOK) defines an order that must execute the moment it was made or it automatically cancels.
In retrospect, u are instructing the system to either execute the order NOW(the fill part) or LEAVE IT(the kill part

Thanks Sir OGG for the compliment and the detailed analysis as well as the correction.
You're right. Think my description fits more into "Good till filled".
We however have another option which is "immediate or cancel", I assume there's slight difference btw this and "fill or kill".

Enyinne:
I have learned from this explaination, today I was able to execute myself a buy order .it feels good to take charge........
Meanwhile I saw fill or kill ,abeg can u explain further on this so we can keep learning from ur wealth of experience.thanks dear

Good you can trade by yourself now. Everyone using Morgan should learn to execute trades by themselves.

I think you should not use "fill or kill" cos it will keep your buy or sell order locked for many days until it's filled or executed.
Disadvantage includes inability to cancel it or modify the price, even if you see the price coming crashing down or skyrocketing.

Just to chip this in, Morgan Capital already set the defaults to "Day" and "Limit", no need to visit those columns again (except you want to buy at market price), all you do is to enter your quantity, the coy ticker and set the price to your desired target.
Hope this helps.

Cc: ositadima1

ukay2:
AUDIO REVERSAL
So relax Sir.

Hhmmm.......

rebekah2011:
https://twitter.com/George_Osborne/status/1245092378182135809?s=20

I hope UBA and other banks that have not paid dividend will turn to audio dividend

WILL NOT Sir.
UBA should not play dang.erous game.

handsomebolanle:
Thanks so much and I've been following and learning...
You mentioned something about live trading..please can you share more light??

Live trade is a page where you can:
* Watch what's going on in the market by yourself.
* Check bid/offer volume for each stock by clicking on the particular stock.
* Execute your trades i.e. you can buy, sell, cancel or modify a trade order.

Bomboclad:
http://www.nse.com.ng/Financial_NewsDocs/29547_FIRST_CITY_MONUMENT_BANK_PLC._CORPORATE_ACTIONS_MARCH_2020.pdf

Thanks.
....but you should have listed out the dates there nah, so I wouldn't have to open it again.

ositadima1:
I have seen my trade on the "market trades", I pinpointed it with time of trade.

I actually got it at 1.65, I checked. Can I request for some form of certificate assuming I want to hold it mid to long term?

11.65 you mean.
No need to request for any certificate in my opinion, you will see it in your statement of account, account summary, buy/sell contract notes by end of trading period today.
Good you were able to see your trade in "market trade". It will appear in the docs listed up here too, which are more of proof of purchase.

ositadima1:
When is FCMB releasing their dividends? If I buy into their stocks one day ahead of their release will I get such shares? Thanks

No dividend info yet. It will be posted here once it's out. They're paying 14kobo per share.
Why not start queuing for it at below 1.50 now, maybe some panic sellers will come to the market? This way you'll get it at a bargain price and at a better junction.
Waiting till a day to qualification date may make you buy it a bit higher, all things being equal.
To me, 1.50 is not bad for it but with the prevailing situation, no one can say for sure whether it has bottomed out at that price.

Remember this is just my opinion. Mr. Market decides market direction.

ositadima1:
ok, thanks. I was able to buy, well I assume I did. What is the meaning of limit, I left it at 11.70 even though on the market trades i see 11.65.

Another thing, I went to market trades section looking for my trade and couldn't see any matching trade(38k units). Anyway, on the order - Buy section my buy detail is highlighted in green.

Oh! You bought higher nah. Why not ask before clicking "submit" button? It was currently selling for 11.50.....but still okay anyway.
* "Limit" allows you to put the price you wish to buy or sell yourself while "Market" will automatically input the "previous closing price".
* You may not be able to identify you transaction(s) on the "Market Trade" cos it shows all market transactions as it's been carried out.
* When it shows green under the "Order" it means your trade has been executed already. Yellow shows its on queue. Light green shows its half-executed.

locodemy:
We go chop fcmb dividend at 15% dividend yield. Make the thing be fast nah

E don hear you, e don fast to reach 1.55 now, you will catch it up at 1.60+
If it comes down small, the better for some of us anyway.

ositadima1:
I was trying to buy zenith stocks on itrade, but I cant find the symbol, is this normal? I am newbie by the way.
Madam Mcy56, I sighted your moniker, please help.

In the box where you have "All Board" and used to select "Equity" click on it and select "Premium" , you will see Zenith and few others there.

Confirm if you get it so we can know whether you even know how to get to the live trade itself.

locodemy:
And now Almighty Putin is positive to coro.

Putin is not positive, they said he was exposed to it cos he met a leading Doctor who was tested positive.
Wait and let him have it first nah.

seyisanya:
Hahaha...madam see how u give sir Loco double-jabbing . I know you'll protect this your stock with everything.

Lol. Dont mind Loco, fcmb is his stock too, he wanted to enter it much cheaper than currentprice.

That reminds me, hope currentprice and Agba are doing fine, it's been some days we saw them last here.

locodemy:
They will drag the price down to 1.10 to match the 14kobo.

Why will they drag it to 1.10kobo? What offence have they commited?
If they didn't pay up to last year dividend it's a different thing.
Your pessimism these days self.......sorry you've not been able to trade 10% for the past few weeks, all shall be well IJN.
I'm sure all your attention is on fcmb and Wapco, better grab your fcmb tomorrow so you can have one less stock to be monitoring.

PharmAlfred:
FCMB with their Kobo Kobo dividend. What is this now?

Fidelity also paid kobo nah. FCMB even paid more than them in the last FYE.
14 kobo is still better than for it to drop. Maybe they used the opportunity of Covid19 not to increase it.

rmx:
But why not make a good thing better if you can get more discount

The discount is meant for ready-made like you, not for some of us still growing.
We will consider them when we grow up and be like you. For now, low charges is bae.

ojeysky:
Unless there is some hidden charges am yet to find out with meritrade, I think the cumulative charge of 1.3% of meritrade is still better

All the best.

anjilgreat:
Morgan Capital Total
Buy charge = 0.875%
Sell charge = 1.175%

Thanks a lot Ma'am.
I was even searching for your post on it too. I remembered you corrected me on the selling charges then, which I later edited in my post.

rmx:
Big boys don’t pay the normal charges anywhere , someone gave me that tip on this thread a while back even for Morgan Capital

Yes, I'm aware you get some discounts cos you're money bags, but comparing the charges even with the discounts makes Morgan still much cheaper.

Chai!! Morgan needs to pay me for adverts o.

Mcy56:
Buyingis 0.875% + SMS charges.
Breakdown:
Broker's Commission: 0.5000%
SEC Fee: 0.3000%
Stamp Duty: 0.0750%
CSCS Alert Charges: N4.20 per SMS .........

Selling charges: 1.175% (0.3% CSCS charges included here)

Here, @GonFreecss1
CC: @ojeysky

GonFreecss1:
Hahahaha! Is this the charge with Morgan that different? What is their exact buy and sell rates sef?

It was posted here some times ago.
Except i search for it or you can search for bigjay01's post on it.
Anyone with the charges can also post pls.

Cautious trading ongoing in the market...

But where is Fcmb result?
This is what is keeping the stock low and some selling cos of uncertainty, but the result should be good going by their Q4 interim result.

Paulfroshman:
Hello, I will like to know if GTB is still paying dividend as I haven't gotten mine since yesterday

You may have to contact the Registrar.
Did you follow your e-dividend processing thru?
Anyway, not to worry too much cos your dividend will always be there for you to claim, just try and contact the registrar to know what's up, then do follow up with them.

DeRuggedProf:

Prof you're laughing at me. Na so nah. Lol.

ojeysky:
You may look at meritrade just started using them and they seem quite responsive

Thanks.
Meritrade is for big boys, we're just trying to compare brokers with low charges as Morgan.

OBAGADAFFI:
Wealth.ng is a product of Sankore Securities Limited, just like Invest.ng from United Capital.
Sankore Securities is your broker .
All shares you buy must be in your name, except you subscribe to the mutual funds products.
Some brokers can help your mandate with the registrars, while others will others will charge you for it.

Not encouraging. Can't be compared to trading yourself. Morgan is still better than this one to me. What if they disappeared or become bankrupt like some said?
Good luck to you guys trading with them.

wamiikechukwu:
How long do you normally hold your stock...

Is there any strategy you use in trading stock that a newbie like myself should be aware of.

I'm a short termer, planning to go on medium term soon.
As for me, I don't have any strategy, than to keep looking for opportunities for 10-20% as short termer.
Or trying to key in to a stock that I perceived its low with the hope to see it go up a little and sell; this however has its disadvantages cos my low could not be the actual low sometimes, thus getting trapped in such stock and, will then have no choice than to wait it out or move out at minimal loss to enter another one. Lol.