thebargainhunte:
I never witnessed this with other stock brokers I have been using. I bought a stock using morgancapitalgroup, the other was filled and I got debited from my account after everything. It surprises that the stock I bought vanished after the whole process, only for them to leave meagre units for me.They refuded me back my money, but the money they refunded is not complete. I feel cheated and deceived by morgancapital. I have tried to contact them, but they refused to honour my emails. This is very bad of them to be ripping off people in a coded way.

rationalmind:


Abi, I'm surprised a veteran like him can say Zenith won't go below N21. I mean, this same Zenith we all know or another one?

Below was one of such posts. Just two months after the post, it traded at N19



As for me and my households, we will be waiting at sub 16

Mcy56:

I be student like you o.
Okay. Hope you didnt buy plenty units. Dont buy anything again ...for now.
Some of those stocks have appreciated in price over a period of some weeks, pull back or profit taking is expected.
Try and set your "Stop Loss', so that if it continues to fall (not saying it will/may continue) you can sell at minimal loss and buy later, when there's indication that market will go up again.
Pls dont panic, if it goes down it goes up again........and vice versa.
You've started learning small small be that.

bigjay01:


wao, never heard of this before.
please update the house when you have more info, coulbe be something we all need to be aware of.

which stock is that BTW?

bigjay01:


after this yrs dividend, the average cost will fast be tending towards #1 (assuming they pay the usual 35k)

RabbiDoracle:
Newbies that have not tasted loss while trading Tbills will open their portfolios and see excess red and losses mounting, they will not be consoled by brokers who tell them about patience.

They will give mandates to brokers to sell. Trust brokers. They will sell at market prices and further help depress prices.

After this, when they hear stock market, they will run.

ndidigood:
it can't pull back to 1.8 ,it will be bad...
U no sabi.
Lol wicked baby

RabbiDoracle:
Why are you telling him not to buy?
When some members gave early warning here, people were drunk in euphoria.
How market?

thebargainhunte:
I never witnessed this with other stock brokers I have been using. I bought a stock using morgancapitalgroup, the other was filled and I got debited from my account after everything. It surprises that the stock I bought vanished after the whole process, only for them to leave meagre units for me.They refuded me back my money, but the money they refunded is not complete. I feel cheated and deceived by morgancapital. I have tried to contact them, but they refused to honour my emails. This is very bad of them to be ripping off people in a coded way.

rebekah2011:
The merger of SA business with Wapco to form Lafarge Africa was never a mistake. It was deliberate. Whilst, I must commend their decision to spin-off this unit to give the Nigerian shareholders a sigh of relief. I am still not convinced that the business can take on Dangote Cement in the interim. One can test the waters with one hand if the FOMO is an issue.

bigjay01:


wao, never heard of this before.
please update the house when you have more info, coulbe be something we all need to be aware of.

which stock is that BTW?

thebargainhunte:
I feel cheated and deceived by morgancapital. I have tried to contact them, but they refused to honour my emails. This is very bad of them to be ripping off people in a coded way.

Mcy56:

If they keyed into dividend paying and fundamentally sound stocks, they have nothing to worry about.

If e no poo, e must vomit.........in your voice sir.

Market not that bad today. Besides, I didn't personally see what could tank it so far.....my opinion sir.

godlyguy:
Tolu...

The least you'd see LAFARGE is it's present PRICE... I'M doing my KINGLY ENTRY today... I will keep WAPCO upwards henceforth... The MONEYBAG is here NOW

THE BIG SMART GUY

bigjay01:


i claim it ooo. Make i quick retire before my 50th and go back to my village.
waiting for the train in -8^oC, conditions when your blockos go temporarily stage a disappearing action no be joke na village u still won go

jideflash:
Yes i know, i have been holding for 2years. loaded alot more at 3.8 last year. time to use the loot for a bigger cake

RabbiDoracle:


Yes I strongly agree with you if they keyed into good dividend paying stocks. They will have no fears because they will still be receiving cashflow even if market falls. I pray they have the patience.

Imagine the loads of Union diagnostics that people bought today. Brokers are very wicked people. They will move that kaya to people who don't know what's up.

It is then they will understand that a stock at N20 is cheaper than Union diagnostics at 20kobo.

Mcy56:

It's been witnessing huge deals since last year. Guess same entity is buying it.
They may move the price when they're done acquiring thier percentage.
So what's your old moniker?

Ibrahim505:

The transaction fee is almost 2% for buy and sale

thebargainhunte:
I never witnessed this with other stock brokers I have been using. I bought a stock using morgancapitalgroup, the other was filled and I got debited from my account after everything. It surprises that the stock I bought vanished after the whole process, only for them to leave meagre units for me.They refuded me back my money, but the money they refunded is not complete. I feel cheated and deceived by morgancapital. I have tried to contact them, but they refused to honour my emails. This is very bad of them to be ripping off people in a coded way.

thebargainhunte:


You wouldn't understand what they did to me. When ever I run statement of account command, it shows me that I bought certain number of shares yesterday, instead of the said number of units to appear on my portfolio, it is far lesser than the amount the statement of account is showing me. The one the statement of account is showing me is the actual quantity I ordered yesterday. I didn't sell the share and it is not reflecting on the statement of account that the missing units were sold out. This was a transaction I carried out yesterday cos I like to tie my money on a stock instead of leaving it on my Morgan account.

bigjay01:


wao, never heard of this before.
please update the house when you have more info, coulbe be something we all need to be aware of.

which stock is that BTW?

yom2:
imagine me with 3b spare cash. I can understand

Chibuking81:

It might not really be a mistake, if you carried out transaction on each day, you account will seen to be disorganized, but will later be organized on or before the closing of work. I use to feel the same way before, until I observed their method.

But when you observed it and it lasted till the next working day, then follow them up with email @ info@morgancapitalgroup.com copy two of their customers care, and you will get your problems solve.

On the bolded, click on your portfolio screenshot it and click on my reports to run your report for period in view, screenshot it and compare both, if it's not corresponding with what you think that you have with them, please send email to the attaching your screenshot, ask them to correct the mistake.

moneymanager:


Easy fix, write an email explaining this clearly, attach screenshots, go to their about us page and get their senior members emails, cc compliance at Nigerian stock exchange and other email addresses from the NSE
Send the email
Next go to their Facebook and twitter page and complain.
If you don’t get a response in 24 house call contact at the NSE to complain
Then wait for your solution
They will surely resolve it for you
Sorry you are going thru this
But before doing all this make sure you are in the right and that the fault is not yours
Good luck

thebargainhunte:


The actual number of units I bought yesterday is lesser than the amount I am seeing on my portfolio. I am not seeing over 70% of the total number of units I bought yesterday. I used the whole money I have in my account to buy the units. When I checked my account later during the day, they refunded me back some parts of the money. Whenever I run statement of account command on my Morgan platform, it will show that I bought 100% of the units, but the 100% is not reflecting on my portfolio. I know Morgan staffs are here, they should explain to me what happened.