₦airaland Forum

RoughCut:
The problem is you have to be there to dispel all these things you hear. I have been in real estate in Bulgaria since '05 and i can tell in you in all honesty i cannot complain at all.

You just need reliable and reputable agents who know how to plough their way through the bureaucratic and domestic conundrum

Russia: i have not been there and i don't desire to go there like i said not my cup of tea so can't say much!

Dont forget it is the same Gazprom that is trying to muscle in on the nigerian oil and gas industry so it goes both ways!

True, I have also seem worst things happen in Spain on TV here.

richieade:
Russia ke? Lai lai! Even the oyinbos are afraid to go there and the people that are there are pulling out, do u remember what they did to BP(british petroleum)? They were basically forced to sell the majority stake of their investment in drilling for gas to Gazprom.
If they can do this to a multi billion pounds company, can u imagine what they can do to small investors?
The corruption in that country is on a par with Naija.

Russia and Bulgaria ke? I fear those countries o.

Naijadr:
Great! I'm just waiting on my cousin at BGL, if they can't get anything for me by thursday, then I'll get my application at Vetiva done by next Monday and should be ready there by end of next week.
I guess in the NSE, you have to pay for great service!!

Which one is BGL? and whats the minimum to open? its 1 mil for Vetiva i heard.

invisible!:
Ve visited most sites but no prices, abi them no trade today?
Maybe the market lost so much that everone went home angry refusing to post prices?

I wonder o. abi na public holiday?

easimoni:
You can buy/sell the shares like normal shares. If the shares are "cold", you won't find a buyer unless you offer someone at much lower than the TS price. If the shares are "hot", you'll prob find a buyer at a premium.

Shares on TS are hard to buy/sell (depending on the demand/supply). Most of the trades are cross-deals. Try to avoid TS. You don't know which way things will go.

Thanks easimoni,

Its just that I have some stock AIICO, WEMA and ECOBANK and are under TS and not sure what to do with them but would like to buy more AIICO.

Question

How does on buy/sell shares under TS? Is it at the TS price or one has to set the price one wants to buy and sell?

bigjay01:
I was told that the letter of IV thingy is bulls, basically if you know someone (not receptionist, not even officer) just hurry. the door is 99 closed. the remaining 1% is just for a select few. Not people with 10M, if you havenet got serious money just forget it. i hear crazy amounts. (For once, I am getting my news from people in the know).

This is the one. this one no be moi-moi

Bigjay01 you fit pull strings for me if its not too late?

yodiyokun:
Yes oo you got it right.

Is he normally like this-I tried his phone today - it was switched off - his two phones o.

Last week I called twice on this UBA issue, nothing. I know my money is small, but haba its still my money ke? The thing dey vex me wahalahi!.

Especially because I am so busy that I don't have every day to be chasing after a purchase or sale, coupled with 6 hours time difference?

The annoying thing is that no response to my emails is the height of it



Rant over.

I am with LC as well and currently getting the same treatment from my account manager.

ngegy:
Fidelity union securities is also very good, you can give buy\sell orders online and they`ll buy even if you don't have enough money in your account. I`ll say i`m satisfied with their services.

what's the minimum to open an account?

LondonCool:
@All,

Has anyone here operated a Stock a/c with Cashcraft ? I just wanted to find out about their efficiency in transacting Stock orders. I am looking for an alternative Stock Firm to Afrinvest who have been a bit too lethargic for my liking.




Cheers !!

Oh boy and someone recommended Afrinvest to me as I am looking for one as well, have not heard good things about Cashcraft as well.

FatherOF2:
Not interested in going further on this point.
GET CLEAR CONFIRMATION FROM YOUR BROKER ON WHAT YOU SHOULD WRITE/DO ON YOUR IPO FORM_{thats the issue not trade alert} ON FRIDAY.
Whatever he/she advices.Its ok.
End of story.

Have to agree with invisible as well, as the IPO/PO forms ask for the CSCS number and the brokers house name.

invisible!:
@ ola, you no wan make them chop sallah ram? How them go dey celebrate and still be trading on the NSE? Na wa oo

I no know o, kai enjoyment dey Nigeria o holidays left and right.

Was the NSE open today? can't find today's market prices any where.

floreb:
can someone please tell me something about AIICO offer, how much per a share and how can i get the form. I don't even know when it will end

http://www.proshareng.com/myproshare/portal_news.php?id=3369

The form and summary are at the bottom and it closes 31 December 2007.

hbrednic:
quote author=ckenneths
I still haven’t gotten a satisfying answer to one question bugging my mind. Supposing your stock broker fails to meet the 1 bil naira capital base by next yr end, and your stocks are still lodged with him, what happens to the stocks since the broker will not be allowed to trade on them forthwithasking same question,
but i think the best strategy for now is to stay with firms attached to banks(to be on a safe side),because they will surelly meet up with the required capital.
expect a lot of PP's and IPO's from most brokers in 2008,to be the rat race.
it is a pity no clear inform is coming out from NSE,concerning this recapitalization issue.

if I see Lead Capital PP/IPO I will run.

aktopgun:
ladies and gentlemen,
please allow me to introduce u'all to OLUWATAMILORE TOBECHUKWU

born 4.46am 12/12/07, 3.5kg.

mother and child alive and well, father is beat!!!

now i know why jewish men wake up every morning and thank god he didn't make them women, no be yam.
i have a whole new level of respect for my wife now.

thank you to all the fellas on nairaland for all the support.

And the journey begins.

Congrats o

Olonzo:
@ Easimoni

I beg where do you get the chart for NSE stocks, or is this derived from your own data.

PS na my in-law be your acc manager for Lead Capital so better corporate otherwise

My account manager at Lead Capital is very useless.

crazyT:
DSR is Dangote Sugar Refinery, you get it now?

Thanks.

wanaj0:
On DSR, it is undervalued, relatively low PE with expansion/growth expected in 2008. That should help the bottomline. Yes the quarterly dividend is an issue but going forward, the market will definitely recognise its value. Also in a bearish market, don't expect it to take a hit.

on First Bank, yes I've factored in the dilution. By the time Q1 2008 result is out, FBN will skyrocket. They will definitely exceed the forecast in the prospectus. FBN has all and more that Zenith and co has. Look at there branch expansion strategy, look at the money from Western union, look at the deployment of the N250bn raised. Come 2008, expect a mind blowing performance from First Bank. Now if they recover part or all of the N10bn from the IIL saga.

WAPCo, not too bullish about them. Good stock, good company but not well favoured. Loss of the MD to Obajana is also not a good sign.

Who is DSR?

RoughCut:
That is just patronizing to say the least! Imagine MTN saying they will scrutinize every applicant and some categories of people have already been barred. Who exactly do they think those who will forking out N600M to invest in MTN are? I find the article a bit offensive really

The hard working okada drivers, groundnut and pepper sellers etc.

wanaj0:
Anybody watching OandO?? Now close to 110.00. If you bought last week, you should be having over 25% now. Did anyone pick this up with their charts and trends?

Brought some at 77, not sure whether to sell or hold.

wanaj0:
People make friends here but Mypeace will end up making many enemies with moi being number one!!!!! She must just deliver even if it is onle 10 units of Trans Express.

When you see a rights (not hybrid) know that something is cooking.

On Eterna Oil, nothing special. The petroleum marketing sector is passing through difficult times. This will continue until there is an increase in price of petroleum products. Current margin is so small for the major operators.

So what's going on with the petroleum marketing sector now? its been upward with most stock for the past few days.

Good day to All you gurus in the house.


Please i need a software preferably online that can be telling me what i am worth at any point in time in my Nigerian Stocks

I tried to use a spreadsheet but it is so manual. I know with my 401k acct, once trading for the day is completed,
i can see my positions , how much i am worth, gain and loss and even a pie chart representation of my assets. Is there a broker that
has similar service or a software customised for naija i can buy.

Thanks


@flakyy
You can create your portfolio and as many as you want here

http://www.nigeriansecurities.com/index.php

Quote from: Allcorrect on Today at 05:48:44 PM
Please which broker do u use easimoni??

Lead Capital

they are my broker as well.

Thanks for the tips guys

@FatherOF2

Aha now i get it.Your broker must be cheating you big time.
Below are SEC approved rates for transactions.

BUY SIDE (VAT inclusive and all sub-charges)
1.83%

SELL SIDE (VAT inclusive and all sub-charges)
2.123%.

Go to the website and see the approved rates.No broker should charge you more.
I work on 25% a lot.If i get 35% na jarra. You need to cross 3.96% to make a profit.
Please don't take my RUMOUR gist too too seriously,its just 15% of my strategy for making money on the floor.
There're strong reasons i follow.
Buy on friday and sell on Thursday.Repeat forthnightly for 4 forthnights and you have at least 100% profit with compounding.

Which brokerage house gives you that rate? mine charges:-

BUY SIDE (VAT inclusive and all sub-charges)
2.355%

SELL SIDE (VAT inclusive and all sub-charges)
2.647%.