₦airaland Forum

Jonathan:
Madam , Wetin dy sup

Happy Sunday oga Jona.
I hope you'll honour your word to stop replying or posting political talk here henceforth. Thanks.

Mcy56:
Happy Sunday oga Jona.
I hope you'll honour your word to stop replying or posting political talk here henceforth. Thanks.

You don’t want me to do the job I’m “paid” to do.
Hunger go kill me o

Jonathan:
You don’t want me to do the job I’m “paid” to do. Hunger go kill me o

If I hear!!!
Okay, you can do "the job you're paid" to do but please keep that to the thread that's meant for it, let's work more on how to better our portfolio here cos as soon as the sweet-mouthed politicians win, it's "to your tent oh Israel "paid campaigners". Lol.

Mcy56:
If I hear!!!
Okay, you can do "the job you're paid" to do but please keep that to the thread that's meant for it, let's work more on how to better our portfolio here cos as soon as the sweet-mouthed politicians win, it's "to your tent oh Israel "paid campaigners". Lol.

I just opened an account with MCSE and I noticed they don’t display the % increase or decrease of stocks in my portfolio like my old stockbroker. Only the value is displayed
Is this normal please
Ps:I just bought them on Friday

Will Fidelity, FCMB etc continue their run tomorrow? Or will they take a water break.. I need to adjust my portfolio. Transfer half of my transcorp to one of Fidelity or FCMB.

Ealier today, I had the rare privilege to speak with Mrs Eyitola Adu, an on-board director and wife of the very revered former Chairman/MD/CEO of Morgan capital group, the late Mr Adeleke Adu. Prior to this time, I had also engaged the current MD/CEO, Mr Muyiwa Adeyemi on discussions centred around the purported increase in their brokerage commission due to commence on the 1st of Feb, 2019.
I was worried and particularly concerned over what would be a 100% increment in subcharged fees from 0.25% to 0.50%. My worry was on the premise that perhaps the action might have been wrongly timed and if indeed such increase lends credible answers to the following:
1) Is it necessary?
2) Would it be justified?
3) Is it worthwhile... does such increment really commensurate with the services rendered by the firm?

In finding answers to these and more, I had to engage the firm given that I am also a long time active client.
I will try to be as succinct as possible.
On the 1st(whether it was necessary), well, I might not be in the best position to answer that since I am neither a staff nor associate to the firm. However management guided that they had recently been operating at a loss, especially with the continuous upgrade in their platform. ...and that if they have to maintain the initial fee of 0.25%, they'll either be forced to go extinct or cut back completely on these and even past services, which clients will definitely frown at.
Even on the back of that, there are also plans to continually improve on the services been offered in other to make their platform more robust and even more user friendly. ...hence the inevitable need to add up on commission.
In looking at whether this action(when implemented) would be justified, it would make sense to view it from the perspective of whether Morgan Capital had actually done well before this time. ...can we say that the firm had performed creditably well in the past? Especially on the purview that they came up with what was arguably the best online trading platform at the time(still is), has continuously worked to and improved on it while charging an unproportionately low commission fee of 0.25%(the very lowest), at a time when virtually all brokerage firms where charging as high as 1-1.85% commission? ...an over 500-750% discount !!
Now some might argue that brokerage commissions are negotiable. ...and that they where not really paying that high with their own firms. Well, I agree but what about the extent of services rendered? What about the degree of robustness of such platform? What about the level of user friendliness?
But for anything, the Morgan Capital i-trade platform puts u completely in charge !! U trade WHERE, WHEN and HOW u want it, almost at the 'speed of light' !! Those who are clients of Morgan can attest to this fact.
Finally, is it worthwhile... can we really say without sentiment that the expected increase(if and when implemented) commensurates or is consistent with the services as rendered by the firm? Again rather than answer to that, I'd prefer to focus on whether the services(cost efficency, robustness, trade speed & execution, user friendly interface etc) of Morgan at a brokerage commission of the said 0.50% is, and would still be better than that of other firms at a higher or even same commission fee? ...I dare say it would undoubtedly be better even if other firms offered a similar or even lower fee. ...well, at least in the present.
Again, I'd prefer to ask if Morgan can still offer much more in terms of cost savings, trade effectiveness & efficiency and value accretion when honestly compared/weighed against that of other brokerage firms. ...I'll prefer to find out where Morgan would quite sincerely still fall on a scale of 1-10.(even with this increase)
On a side note, the only area I believe Morgan will need to improve on is on customer service. I had in separate and extensive discussions with Mrs Adu and the MD/CEO Mr Muyiwa suggested areas that needs to be urgently improved upon. ...particularly on customer finesse.
On that backdrop, I also condemned the nature of feedback that was given to one of us here following from his mail to query the purported fee increase. As I told them, he has the right(like every other client) to want to ask questions, and no matter how he did it, imploring finesse means that Morgan's customer care reps should know how to diplomatically but calmly handle things. ...including any other area that could be of concern to any client in future.
Well, Management assured that they have already put mercenaries in place to improve on their customer services going forward.
Many of us will agree that they have actually improved on this line given past precedence.
I was also especially inquisitive to know and by extension assured that this increment isn't going to be the tradition/norm going forward, but was reassured that this wouldn't be the case. ...in fact, I was told that in the absence of any unforseen occurrence, this status quo(post fee increase) would be maintained for some years.
In all, any question of whether it would still be best(even with the said increment) to remain with Morgan Capital should quite frankly, only have a resounding YES for an answer. ...there is NOT an iota of doubt to this !!

It's however important to state that the intent for going this far was only driven out of my quest to want the best for all of us. ...especially the existing clients of Morgan. I hold some of us here in high esteem and I must say that much as I have given, I have also personally benefited a lot from this forum. ...and so its only normal to want to give back and try to be protective of our interest in my own little way.
...and for those who still might abnormally want to accuse me of anything, hear this; I am NOT a staff of Morgans and do NOT have any link with it !!
For the records, I personally also have an A/C with Lead capital and Meristem. ...and manage yet another for 2 clients with Stanbic ibtc Stockbrokers.
But with Morgan Capital which indeed remains unarguably the best option, I was only trying to state and view things from an honest, unbiased and objective perspective.

Regards.

Jonathan:
I just opened an account with MCSE and I noticed they don’t display the % increase or decrease of stocks in my portfolio like my old stockbroker. Only the value is displayed Is this normal please Ps:I just bought them on Friday

Which one is MSCE? The MCSE I knew is a status.

With Morgan l sell and buy anoda shares with the same money,,but meristem u wait for 2 or 3 days.in fact l HV 80% ported to Morgan.that alone is a big one for me,BC u don't HV to miss any opportunity.

Mcy56:
Which one is MSCE? The MCSE I knew is a status.

My56,how u de,HP u enjoyd ur day?

Mcy56:
Which one is MSCE? The MCSE I knew is a status.

Sorry. I mean morgan capital

@Onegentleguy, thanks for taking your time to investigate and communicate this discussion with Morgan Capital to us.
I just dont want to sound as if I was in support of the hike when it was mentioned here lest I be name-called or insulted.
To be frank, me and you know that there's no way the company would be able to keep up with effective service delivery considering that very low rate (since inception) and, looking at it from the angle of running costs to inflation and to many other variables........ except they have other sources of income.
Of recent, they've improved on their customer service, research and constantly striving to be ahead of happenings in the stock market and the country as a whole. Cant recall receiving various emails in the past. Also we hardly have connection issues and the like these days unless its general.
Even with the increase in commision, its still far lesser than majority of the houses.
Ironically those shouting "we wouldnt gree" are also with houses with higher commission % but no complaint on that.
Anyway, anyone that knows any broker that charges lesser than Morgan before this increase should introduce us to it.
Before una go quote me, remember say I too dey affected with the increase, no be say I happy but na my personal opinion viewing it objectively. Instead of quoting to insult, say your own opinion as well.

ndidigood:
My56,how u de,HP u enjoyd ur day?

My sister I dey fine. Thanks ma.
Happy Sunday.

Jonathan:

You don’t want me to do the job I’m “paid” to do.
Hunger go kill me o

But truly NSEM will pay you more than politics, just cool down and follow this thread irrespective of any government that is in power.
Use the money that you have received so far from them and make more money.
I will advice you to open online account with Morgan capital stockbroker.
You can reach them with info@morgancapitalgroup.com
You will never regret it.
In this group we are all brothers and sisters in lord (Bnsitl)

Jonathan:
Sorry. I mean morgan capital

Okay. Take your time to go through it since you just registered with them.
Once you logged in you will see "reports" at the left hand side. Click on it and it will bring a page where you can check your statement of account, summary, purchase/sales notes etc, click on portfolio valuation (summary) from the drop-down arrow and you will see the info you are looking for.
Hope this helps.

Chibuking81:

But truly NSEM will pay you more than politics, just cool down and follow this thread irrespective of any government that is in power.
Use the money that you have received so far from them and make more money.
I will advice you to open online account with Morgan capital stockbroker.
You can reach them with info@morgancapitalgroup.com
You will never regret it.
In this group we are all brothers and sisters in lord (Bnsitl)

Haha, Lol
It was pure sarcasm . Thanks BTW

Mcy56:
@Onegentleguy, thanks for taking your time to investigate and communicate this discussion with Morgan Capital to us.
I just dont want to sound as if I was in support of the hike when it was mentioned here lest I be name-called or insulted.
To be frank, me and you know that there's no way the company would be able to keep up with effective service delivery considering that very low rate (since inception) and, looking at it from the angle of running costs to inflation and to many other variables........ except they have other sources of income.
Of recent, they've improved on their customer service, research and constantly striving to be ahead of happenings in the stock market and the country as a whole. Cant recall receiving various emails in the past. Also we hardly have connection issues and the like these days unless its general.
Even with the increase in commision, its still far lesser than majority of the houses.
Ironically those shouting "we wouldnt gree" are also with houses with higher commission % but no complaint on that.
Anyway, anyone that knows any broker that charges lesser than Morgan before this increase should introduce us to it.
Before una go quote me, remember say I too dey affected with the increase, no be say I happy but na my personal opinion viewing it objectively. Instead of quoting to insult, say your own opinion as well.

We like Morgan capital and want them to survive they way we are surviving, personally am not against their increase, but it must not be 100% increment in their 25% commission, but at least 50% will be ok. Hope they will stop charging #2,500 annual service charge ?
How I wish that by next year they will be no.1 in the Nigeria stockbroking rating.

ndidigood:
With Morgan l sell and buy anoda shares with the same money,,but meristem u wait for 2 or 3 days.in fact l HV 80% ported to Morgan.that alone is a big one for me,BC u don't HV to miss any opportunity.

One of the benefits of Morgan. Once you sell you can buy with the fund immediately not that someone will wait for 3days for the fund to clear before you make use of it again. Although I knew of another house that allowed this as well.

Chibuking81:
We like Morgan capital and want them to survive they way we are surviving, personally am not against their increase, but it not be 100% increment in their 25% commission, but at least 50%. Hope they will stop charging #2,500 annual service charge ? How I wish that by next year they will be no1 in stockbroking rating.

The bolded is not achievable with Customer like you sir. When last did you buy or sell? Lol. Na joke o.
You are right with if they'd made it 50%. The 100% is actually high.

Mcy56:
One of the benefits of Morgan. Once you sell you can buy with the fund immediately not that someone will wait for 3days for the fund to clear before you make us of it again.

Please let reduce the amount of praises given to them, before they will increase it by 200%, instead of reducing as we are advocating.

Mcy56:
Okay. Take your time to go through it since you just registered with them.
Once you logged in you will see "reports" at the left hand side. Click on it and it will bring a page where you can check your statement of account, summary, purchase/sales notes etc, click on portfolio valuation (summary) from the drop-down arrow and you will see the info you are looking for.
Hope this helps.

Wow . I saw what I’m looking for o . Thank you
It’s even more detailed than I expected.
Na God go bless you

Mcy56:
One of the benefits of Morgan. Once you sell you can buy with the fund immediately not that someone will wait for 3days for the fund to clear before you make use of it again. Although I knew of another house that allowed this as well.

Mydear naim b KOKO

Chibuking81:
Please let reduce the amount of praises given to them, before they will increase it by 200%, instead of reducing as we are advocating.

LMAO. Okay sir. Maybe im being personal here.

Mcy56:
The bolded is not achievable with Customer like you sir. When last did you buy or sell? Lol. Na joke o.
You are right with if they'd made it 50%. The 100% is actually high.

Jonathan:
Wow . I saw what I’m looking for o . Thanks you
It’s even more detailed than I expected. Na God go bless you

You welcome dear. May the good Lord bless you too.

Chibuking81:
Please let reduce the amount of praises given to them, before they will increase it by 200%, instead of reducing as we are advocating.

unogokillmehereMr.Chibueze

Chibuking81:
You are looking for words from my mouth. my two weeks of trading might supass that of your several months.

Lol. You are very correct sir. Twale!!

[quote author=ndidigood post=75173978][/quote]Lol. Oga Chibu na bigz boy o.

@onlygentleguy my good friend.
How do you view Oando if their price should visit #4.10/#4.20 again considering their debt, do you think that dividend payment is possible from Oando side this year?

Mcy56:
Lol. You are very correct sir. Twale!!

In fact I didn't attend class this night.

Chibuking81:
In fact I didn't attend class this night.

Lol. Issorite. Go meet yariya, she don prepare your favourite and waiting for you.

Mcy56:
Lol. Issorite. Go meet yariya, she don prepare your favourite and waiting for you.

This my Classmate ehh, you Sabi shake table Wella.