₦airaland Forum

faoogoke:
It is pertinent to note that non on of the Re insurance companies is listed on the exchange. Continental re-insurance was delisted years back. Nigeria Re-insurance was fraudulently sold to and purchased by Ibrahim Jimoh. A lot of legal battles around the case. I think the government recovered it from him. And then, there is FSB re-insurance wholly in private hands.
We wait to see if they will come to the market, and perhaps some other players might level up to the re-insurance stage.

Mpeace:
The transaction was on itrade platform. But the number of shares on CSCS did not tally. So either they debited me without buying or something I don't know happened.
I got to know when the reconstruction happened and my total number of shares did not tally

toyeoye:
Market is open and while the insurance stocks have hit the ground running, Oando is retracing...

Locotrader:
Chai Aiico @ 3.19

KarlTom:
This insurance rally will fizzle out as early as tomorrow...

Every mallam to his kettle

Fundlocator:
Nigeria has not seen the best of PRESCO, If you can be patient get some funds and sit inside PRESCO. This is intelligence for you guys. Something Hooooge that would shake that industry is coming. He that has ears let him hear.

Fundlocator:
Nigeria has not seen the best of PRESCO, If you can be patient get some funds and sit inside PRESCO. This is intelligence for you guys. Something Hooooge that would shake that industry is coming. He that has ears let him hear.

BabsO2:
Why now, which TA signal is sensing this. Let every bag in the NSE portfolio rise well well joor

BabsO2:
Big 9% down now. The food cooking is no more on fire, turning cold

Streetinvestor2:
I am seriously in pain about it.I want to go hug any transform I see today.
On another note.The bids are dropping in some insurance stocks seriously.
Are they going to still do 100%,200% 500%
When they never even do 50%
I am asking for my enemy..lol

KarlTom:
It is pertinent to also state that the bolded could land you in trouble...

"... sold without following due process... " is better

Locotrader:
Universal arrived N1.
If this stock will meet up with recapitalization,should do nothing less than N5.

This means insurance sector will dominate till the end of this year.

Cheers to all in various boats.

Una go buy venza and build Duplex very soon

KarlTom:
This insurance rally will fizzle out as early as tomorrow...

Every mallam to his kettle

PS: this is just a cautionary note and it's not intended to create panic sales

cocolacec:
Do Stock brokers collect 3% on withdrawal from trading account?
Message below


Dear Sir/Madam,
please note that your fund will be due/settled for withdrawal 4th
However, if you still wish to proceed with the request today
You will be charged 3% on the amount you are withdarwing(unsettled trade charges)
Regards,
Yemisi Olatokun

Clients Services & Operations

MorganCapital Group

Tel: 08115190510, 08115190550.

NIJ House
Plot 20, Adeyemo Alakija Street,
Victoria Island, Lagos State.

www.morgancapitalgroup.com

Locotrader:
I will not disclose those with 100% assurance,
Why some not sure of recapitalization will drop,the assured one will continue the rally.
Na only Naicom has the power to quench the rally.I am waiting for their formal announcement on the sector.

chimex38:
The procedure is that the amount you see on your trading account is Morgan's capital money. The sale proceed you initiated has to enter Morgan's capital account before you can withdraw theirs in your trading account and it takes the usual T+3 days. You won't be charged.

You can't byPass the current T+3 days if you choose to withdraw it from your trading account.

The essence of opting out of Direct Cash Settlement (DCS) and opting for trade account settlement is so that you can buy shares immediately with your sale proceed(Morgan's capital money) not withdraw it immediately.

But if you must withdraw before the T+3 days, they will take 3%.

KarlTom:
It is pertinent to also state that the bolded could land you in trouble...

"... sold without following due process... " is better

KarlTom:
PRESCO -₦70

emmasoft:
@chimex38, you are on point, and that is what is obtainable in the industry, not just for Morgan. However, the percentage charged for express withdrawal outside the T+3 window differs from firm to firm.

KarlTom:
I don't seem to understand this NASCON dance.