₦airaland Forum

Paying for Gotv and house internet but cannot pay 15k monthly for gas.

Anyway discuss finances with your wife instead of unilaterally decide what should be cut.

Ibrahim505:
.
I have to abandoned my 2019 zenith dividend as veritas insist i that, my broker did not submitted the signed transfer form to them so, I should send mandate form to them through my bank. Morgan capital even shared with me the copy of the signed transfer form they sent to them.

I can imagine.
I don’t even want to write all my life history with registrars. Some old 2007 shares are stuck in limbo because the broker was a 1 man business and the business have closed. SEC has details of this transaction, because it’s part of the non-mandated shares on SEC website.

Called and emailed the registrar, explained the situation and have asked for the way out, not gotten a single response.

These are all relatively small money, but for me it’s the principle of these things. Because this is how people’s assets suddenly disappear and their inheritors end up not having access to the shares or the dividends.

Yet SEC is wondering why young Nigerians are investing in foreign stocks and ignoring the NSE.

This people know what they are doing. Imagine a small stock holder with N5,000 worth of accumulated dividend, why will they have to travel from out of their state come all the way to the registrars Lagos office and start all this drama.

SEC told them to stop asking for Bankers confirmation before they approve e-dividend, yet many still ask. Most of them don’t even reply to email submission of e-dividend.

Best thing for me going forward is to only buy shares in companies that are using reasonable registrars.

ololufemi:
Well said my brother but you know how things are in this Country. The only thing a lot of the people who act like Dinosaurs know is the word "Aggressive Change". I think we should set up a Cooperative that will assist people by getting necessary Court Orders to force the Registrars and the Stockbrokers to do their jobs and make the Capital Market transactions easier for people.

I have been chasing a plethora of outstanding dividends for some time and a particular Registrar told me they would only accept a signed Share Transfer Form instead of a Banker's s Confirmation of Signature Letter ("BoCL". I requested to see their Head of Operations and asked for an explanation on why a BoCL was not acceptable. I had to explain to her that a BoCLwas moresecure.and noteworthy than the signed STF they were requesting because it requires physical presence, pictures, signatures which are verified at the bank as well as a Bank account with details similar to what the Registrars have in their records.

The Registrars agreed to accept the BoCL after my dogged explanation but they called several weeks later to tell me the signature was irregular. The signature wey I sign on the BoCL is the one I dey use withdraw money from the account o! I went to the Bank to resolve it and the Bank showed me that they confirmed the document to them.

We still dey on the matter o! It was when I threatened them to take them to an Arbitration panel or Court that they started behaving like they were concerned about resolving it. I know say na format.

Coolcash1:
NSE is just a graveyard! A reflection of the bad state of Nigerian economy and slopiness of SEC. No new listing, deficient FPI, poor corporate governance, extreme manipulation, low retail participation, weak liquidity, lack of innovation, amongst others. #sigh

SEC is part of the problem especially in respect of low retail participation.

The stress one goes through to collect dividends is very disheartening and designed to frustrate small stock holders.
Meanwhile, if you buy American stocks, it’s only your broker that you know and your broker also sends you dividends. You have no business with registrars and their useless requirements.

COMPAQ:
Which other climes?? Nigerians can assume based on gist sha? Na why dem dey mumu us globally.

internet makes it easy, yet we will still never search and verify anything by ourselves.

Give us link to the multichoice website of that country where its PAYG

Why are you bothering yourself? Even the countries that tried PPV had to change it because it was too expensive. Like someone said House of Rep should also fix price cap on Sallah ram and price of brand new car.

biafranrealson:
What if your sister died 2 months in UK ?

If he said the man should sponsor his own kids, I can understand. But to sponsor someone on the internet’s sister is the worst thing on this thread.

My own advise to the OP, is there is no business without training, anything you choose look for a way to learn it first before committing capital. Even food business, two people can cook in the same location and both will have customers but only one will have profit at the end of the year.

meine:
Just to educate you a bit there is nothing special about having a SCUML certificate , every company taking huge deposits will be advised by their banks to get one. Some boys can get it done for ordinary 40k. If you were talking about SEC registration and publishing of financial reports I will take you serious.

Money laundering and running a Ponzi scheme are also two different things,SCUML won't track Ponzi schemes its left to investors to do due diligence. Only your company is running hospital, mortgage bank, site and service schemes, farms very soon you may even launch airline all within 5 years. The endgame i see here is that your company will force investors to take plots of land they can't sell when your cash inflow dries up. Its a Smart one though.

Wishing your company and its investors the best of luck,Though We've gone down this road before.

All he needs is SEC registration documents.

It’s a pity that even the seller of investment doesn’t know anything about SCUML.

Buyers beware o.

Post dated cheque bounced is plenty EFCC dealings and to open file. To get the money back through the courts is not easy especially if you are dealing with an experienced fraudster.

Peter is a good marketer though. It’s impressive

Newbies will still pay school fees, such is life.

currentprice:
you dont even attend expensive school. this one na small school fee na

go and ask those who attend costain school @ 50 , afrofoil school @ 20, wema @ 15 etc

some to oando school @ 100 when oga PETER was the administrator years back forecasting 1000 fee for oanado

Nairametrics

Monday696:
Hello guys,

Please which site can I get history of dividends paid by coys as far back as three years?

IYGEAL:
When and why?

I know once in 2008 it was because of loss. The other time I can remember was for gain, I think in it was 2018 but I’m not sure of the year.

IYGEAL:
So this Burundi bull was so big NSE has to be overwhelmed into triggering circuit breakers

Have they done that before?

Yes

Valueinvestor:
I hope it’s not a circuit breaker sha as people dey use BULLION van to pack money for this BULL

It is

.

Audacius:
I said I just received my dividends. Means it was attended to. MTN that was paid is a proof it was the online request that yielded this result. I have not done the paper application for e-dividend after buying MTN for the first time.

Ok, let me call them.

Audacius:
I want to thank the person who shared the United Securities link here. I used it to request and just some 10 minutes ago, I got all my pending dividends for Access, MTN and Dangcem. Surprising is the Dangcem I have sold off long ago.

Thank you all for the good you do.

Corrected

The fact that after 6,000 pages you people dont know how to ignore is baffling.

If it is someone asking for help or advice now, only Mcy or 1 additional person will talk, yet see comments going on and on. This is actually very telling.

maishai:
After listening to uacn conference call I think whay befall them is about to befall flour mills and honeywell as olam enters the game big time, they complained bitterly about a new competitor in their animal feed market and how this competitor is price cutting them.........

Anyway, the way these companies go about valuation makes me wonder if annual financial statements are true positions of this companies......I can imagine some one buying DF 4 years ago at 0.90k and cashing out #26 in due time(even warren buffet will envy you)

From the farmers point of view. This price cut is a blessing.

DeRuggedProf:
This is KEY once you are done with a registrar in your life.
There was a day I bought almost ALL the stocks, including those that had millions of units on offer.
I sat down and was just buying, after printing ALL the e-div forms and filling them.
My photographer was also happy that day.
When I reached the bank with the forms, the guy at the desk who is a friend, was perplexed! I told him to do his job, that is why GTB is my bank, for efficiency...
I sacrificed a whole day for this. I even repeated the forms of those registrars that the companies did not declare dividend last time...
My portfolio is looking very messy, with several 5units, 10 units, 50 units, 100 units etc etc.
At times I see dividends of N13.28, N29.02 etc and laugh...
I have promised myself, never to sell a stock down to zero units even if the CEO pursue my GIRLFRIEND....

I’ve since filled the dividends forms and submitted to Access bank. Exactly 6 months ago and still no response.

From what you are saying now, it seems the bank route is not going to work. How much money am I expecting that I will start going to their offices one by one?

It is well with us in this country.

yom2:
pardon my dumb question: is the money coming from fbn or shell pocket? shell should fund d account if d case is against shell. meanwhile even if those communities get d money they will still remain as backward as ever. it will only create some gods in d community.

FBN is the Guarantor, so they know it’s their gbese.

Honestly how the money is spent is not my business, the money only got this big cus they allowed it to linger for so long.

Coolcash1:
Yes a contingent liability was made but not upto the judgement debt. Besides provision for contingent liability is an off-balance sheet item which does not impact the income statement until it crystallizes... Now that the apex court has given its verdict on it then first bank will be COMPELLED to pay the claimants....

Only Contingent Nah, it should be a PROVISION. I see FBN’s result being seriously delayed this year.

Coolcash1:
Alert! Alert! FIRST BANK SHARES MAY BEGIN TO FALL DRASTICALLY FROM MONDAY AS INVESTORS WILL REACT TO THIS NEWS....

https://www.thisdaylive.com/index.php/2019/01/13/n134bn-ogoni-judgment-debt-shell-loses-appeal-at-supreme-court/?amp

The money FBN has with CBN is not even up to the judgement sum. However, I’m sure the Auditors have since made a provision for this settlement. If they haven’t FBN shareholders will have to sue them.

Just saying.

Agbalowomeri:
Before your new year resolution, finish the issue you join with me first

Oga abeg I no mind join issue with you o. Na y i send you mail.

2019, we go buy Benzzzzz!!!

Yayira:
Please keep my name off your post.. you were never nice to me in my pains and not nice to me in my time of joy.. up to the last hours of 2018 you were not nice to me so don't act nice in 2019.. Go and sit in one corner.. you are one faceless person, the very FIRST I want to keep as enemy for life and God help us both we never cross paths.

Mcy56:
@Yayira, yayi babe, I wish I can show you how relaxed I am right now, lying down and commenting on Nsempa thread with all smiles on my face.

E never reach like this. Abeg let Peace reign.

Jonathan:
They’re very good friends .
Everything na just stunt , it was all planned.
Yayira,Mcy56 . Isn’t that true?

Lol... funny enough, the person that caused this issue just dey shine teeth for the matter.

One thing I must not carry into 2019, is not to join issues with anybody. Cause this thing is like group discussion that blew up.

Agbalowomeri:
Babe na only you I miss for this world
Happy new year

Oga wey no dey reply email
Happy new year!

Agbalowomeri:
Babes take a chill pill
Otherwise I summon both of you to the other room for a party

I actually thought they were friends. Didn't know the situation has worsened.

Happy new year folks.

tiar:
Access Bank acquires Diamond Bank: Is bigger actually better?

The CEO of Diamond is finally leaving...

Details available: http://judefejokwu..com

I don't necessarily agree with your conclusion on the effect of acquisitions on companies sizes and profitability. Using the Time Warner incidence as a conclusion and forgetting the likes of ExxonMobil is not a fair way to conclude.

However, your blog is not an Economic journal and you are well within your rights to state your opinion.

You people should respect yourself. There is a full section here on Nairaland for you to insult each other on account of political affiliations.

See me smiling since at the 2 friends quoting each other and all that. Congrats!

Mcy please don't wait for anybody to tell you when to leave UD o. Shey you see that they didnt like the Q3 result and they didn't tell you.

For market, them dey escort person enter shop but them no dey escort am comot.

Me I don't even have money this period to be checking for what is up or down. Eku market.

mendes911:
CP is looking at FY. FCMB bank is audited and impairment provision made up to Q3. Fidelity might disclose their own impairment by FY (unless Fidelity's Q3 is also audited).

It's unaudited

DeRuggedProf:
I check it daily and every hour until the exchange closes every single day. I even check some minutes after it is closed to be sure some people did not go back to open it to trade.

I treat my money here like little children under my care inside a very dangerous workshop.

No time to allow them pick and play with very sharp objects scattered everywhere...

When I know I won't be watching them very closely, I lock the workshop with three padlocks and keep them outside the workshop....

This is a place that blinking is no longer tolerated, if tempted to blink, wedge your eyelids with sticks...

Lol... I can imagine o.