DrAwo:
https://www.wisebread.com/8-questions-to-ask-before-buying-any-stock

https://www.streetdirectory.com/travel_guide/144368/trading/five_questions_to_ask_yourself_before_buying_a_stock.html

Hope someone finds these useful...

Thanks for sharing

Desanta:


Well, I have a lot of share certificate I need to dematerialize, and a lot of unclaimed dividend going as far back as 10 years ago. I'm tired of filling forms and sending by mail or scanned copies. They are never replied.
I bought some shares through Morgan capital and still I can't get my dividend despite filling all the papers and sending them by post since they no longer accept scanned copies.
I can't travel to Lagos just to submit transfer forms or e- dividend forms. What other options do I really have?

E-Dividend mandates can be submitted at your banks closest branch I believe...

Some registrars still accept scanned copies of the filled e-dividend mandate forms... Just send them a mail and they'll clarify...

RichEstate:
Good morning all, thank you to all profs. This place is like JAMB special centre. I will bring my tithe this time next year � �. With good information and right application, poverty is half dead.
I'm just taking time to appreciate you all for shaping me daily.


Please for us newbies, make u a dey help us answer questions. I remember I raised question on Oando @2.2 but was not treated. I'm not apportioning blame though. Just that we need you to reach your levels. Thanks.

Go ask Peterichy on how Oando has made many a investors Paupers...................... A stock with an all time high of more than #100 trading @ circa #2 , imagine you bought at #100 and you want to sell now

Pls I need advice on ARDOVA, it seems I am alone and sinking in it, thinking of jumping out or averaging down.

https://www.energymixreport.com/oil-firms-n4-58tn-loan-repayment-to-nigerian-banks-under-threat/

I don’t know whether this has been posted here

maishai:
Go ask Peterichy on how Oando has made many a investors Paupers...................... A stock with an all time high of more than #100 trading @ circa #2 , imagine you bought at #100 and you want to sell now

Lol, its already selling at N2 now any further crash cant go beyond 0.20kobo. . Honestly some Managers should be in Jail in this country. This was a company that was raising funds from the public serially like Tommorrow no dey. The gist then was that they wanted to acquire Conoco Philips among other stories etc.

This stock was supposed to be the biggest thing that ever happened to NSE.Many water don pass under the bridge for this NSE. New entrants should really beware.

austinkenneth:


This is bullshit. The shareholders should at least insist of 50 kobo. This is pen robbery! I won't tender mine to anybody for 35 kobo.

The shares you bought are "Ordinary Shares" not Preference shares or Debenture(Bond) hence you have little or no say in this matter. We should study the weaknesses inherent in the assets we hold to have a balanced investment philosophy. I also recall how Stockwatch marketed this as the next best thing in those days.

If there is room to bargain higher or institute a court case shareholders should please do that but i doubt if it wont be a fruitless exercise. At the end investors should learn the lessons hidden here and move on.

Tvegas:


The shares you bought are "Ordinary Shares" not Preference shares or Debenture(Bond) hence you have little or no say in this matter. We should study the weaknesses inherent in the assets we hold to have a balanced investment philosophy. I also recall how Stockwatch marketed this as the next best thing in those days.

If there is room to bargain higher or institute a court case shareholders should please do that but i doubt if it wont be a fruitless exercise. At the end investors should learn the lessons hidden here and move on.

I don't think what you wrote there is correct as described in this excerpt from investopedia, I know it is the American way but I am sure in Nigeria common shareholder's rights would not be too different.

Common Shareholders’ Main Rights

1. Voting Power on Major Issues. Voting power includes electing directors and proposals for fundamental changes affecting the company such as mergers or liquidation. Voting takes place at the company’s annual meeting. If the shareholder cannot attend, they can do so by proxy and mail in their vote.1 

2. Ownership in a Portion of the Company. Previously, we discussed a corporate liquidation where bondholders and preferred shareholders are paid first. However, when business thrives, common shareholders own a piece of something that has value. Common shareholders have a claim on a portion of the assets owned by the company. As these assets generate profits and as the profits are reinvested in additional assets, shareholders see a return as the value of their shares increases as stock prices rise.2

3. The Right to Transfer Ownership. The right to transfer ownership means shareholders are allowed to trade their stock on an exchange. The right to transfer ownership might seem mundane, but the liquidity provided by stock exchanges is important. Liquidity—the degree to which an asset or security can be quickly bought or sold in the market without affecting the asset’s price—is one of the key factors that differentiate stocks from an investment such as real estate. If an investor owns the property, it can take months to convert that investment into cash. Because stocks are so liquid, investors can move their money into other places almost instantaneously.2

4. An Entitlement to Dividends. Along with a claim on assets, investors also receive a claim to any profits the company pays out in the form of a dividend. Management of a company essentially has two options with profits: they can be reinvested back into the firm (thus, one hopes, increasing the company’s overall value) or paid out in the form of a dividend. Investors do not have a say as to what percentage of profits should be paid out—the board of directors decides this. However, whenever dividends are declared, common shareholders are entitled to receive their share.2

5. Opportunity to Inspect Corporate Books and Records. Shareholders have the right to examine basic documents such as company bylaws and minutes of board meetings. In addition, the Securities and Exchange Act of 1934 requires public companies to periodically disclose financials.3 Most companies produce two versions of their annual report. The 10-K version must follow the filing requirements set by the Securities and Exchange Commission (SEC).4

6. The Right to Sue for Wrongful Acts. Suing a company typically takes the form of a shareholder class-action lawsuit.5 For example, Worldcom faced a firestorm of shareholder class-action suits in 2002 when it was discovered that the company had grossly overstated earnings giving shareholders and investors an erroneous view of its financial health.6

http://www.nse.com.ng/Financial_NewsDocs/29699_UNILEVER_NIGERIA_PLC._FINANCIAL_STATEMENTS_APRIL_2020.pdf

Not bad.

Mcy56:

Wapco didn't reach 13 after release of result. It got to 12.90 and reversed back.
He jumped out before the 10.70. Think he mentioned it here.
By the way, Prof, why do you want him to confess? He will deny it if there's sanction o. Lol.

Hi Mcy56, please can you give a summary of the requirements for e-dividend. I heard it requires a current account, is that true? Does it take very long to process? Do I need to repeat same process for each individual share? Do I have to present the form in person, or can I do it electronically?

ositadima1:


I don't think what you wrote there is correct as described in this excerpt from investopedia, I know it is the American way but I am sure in Nigeria common shareholder's rights would not be too different.

Bros, Is this America? So what exactly will you advise the shareholders to do? Ok one of the things they can do is to obtain a garnishee order on the companies bank account to seize its funds and they can also seize its assets.

On the bank accounts seizure, no be money wey you find there you go seize? If they touch the company assets the Debenture holders may chase them away.

I stressed that "ordinary shares" part to remind investors here including myself that we are the biggest risk takers in this game so never sleep with your two eyes closed. Especially in a jungle like Nigeria where some officials of the Regulators can collude with crooked managers and watch investors defrauded.

I may not be versed in Stock trading but these are some of my basic training in accounting. I can list the disadvantages of Ordinary share ownership for you but lets not waste space. So i ask again what is suggested next line of action for the shareholders who i think form the "minority" ?

I am also open to learning.

maishai:
Go ask Peterichy on how Oando has made many a investors Paupers...................... A stock with an all time high of more than #100 trading @ circa #2 , imagine you bought at #100 and you want to sell now

I am in Oando boat as well: my consolation is that the group has not dismantled their sign boards yet.

Oakbranch:
I am in Oando boat as well: my consolation is that the group has not dismantled their sign boards yet.

Lol... Funniest thing I've seen today...

freeman67:



It stayed @ N765 for couple of days and didn't get enough attention.

...Because bargain dreamers were waiting to buy at N200?

Oil still far from recovery.

Oakbranch:
I am in Oando boat as well: my consolation is that the group has not dismantled their sign boards yet.

Oakbranch:
I am in Oando boat as well: my consolation is that the group has not dismantled their sign boards yet.

seyisanya:
...Because bargain dreamers were waiting to buy at N200?

Savage level for NSE has gained 899%

ositadima1:
Hi Mcy56, please can you give a summary of the requirements for e-dividend. I heard it requires a current account, is that true? Does it take very long to process? Do I need to repeat same process for each individual share? Do I have to present the form in person, or can I do it electronically?

1. Click this link to download the various Registrar's forms here:
https://sec.gov.ng/public-notice-the-e-dividend-mandate-activation-forms-of-various-registrars-are-now-available-for-download/

2. Current Account is not mandatory. Savings Acct is acceptable. Payments are made electronically.
3. No it doesnt take long process. Fill the form and submit to the registrar. It may somehow take some times where signature specimen is required but the registrar may not request for it. Contact your broker if you're asked for signature specimen.
3. One registrar may be in charge of more than one company, just tick all active coys active on each form.
4. If you are closer to the registrar, you may submit in person. You may also submit electronically via mail or thru your bank.
5. Note: Shareholder's number is not necessary, leave the columns blank. CHN is mandatory. Fill it on the forms.

** Answered to the best of my knowledge. Una go dey pay me for my time for Nsempa o. Lol.

https://www.washingtonpost.com/opinions/2020/04/16/china-must-pay-reparations-africa-its-coronavirus-failures/

Interesting piece by Obiageli Ezekwesili... China will probably just laugh this off though...

Oakbranch:
I am in Oando boat as well: my consolation is that the group has not dismantled their sign boards yet.

Comedian

Evening house.
Please does GTB charge for intra-bank transfer to dorm accounts?
I want to load my Chaka account but their conversion rate is not favorable.

Also I saw some recommendation for Everdon BDC, please who has used them here and what are their charges like.

arduino:

Comedian

Well done oo!but na so e be sir.

Danniee:
Pls I need advice on ARDOVA, it seems I am alone and sinking in it, thinking of jumping out or averaging down.

Ardova may end as another Oando.

Suicide

maishai:
Go ask Peterichy on how Oando has made many a investors Paupers...................... A stock with an all time high of more than #100 trading @ circa #2 , imagine you bought at #100 and you want to sell now

locodemy:


Cost of brokerage/other fees nko?

I rarely use them nowadays.

Talk of Morgan and Greenwich(mytradebook)

Chikina

What are Mytradebook's brokerage fees?

locodemy:


Do you have up to 5m?
Can you be satisfied with 7 to 10%?
Are you ready to monitor a stock from 10 am to 2.30pm?
Are you ready to study one or two stocks and trade only on them only on pullbacks and breakouts?

If your answer is yes,you are good to go.

You forgot to add "Don't you have blood pressure issues?"

I decided to write this epistle this morning:

I started investing in stocks while in university, around the time of the banking sector consolidation (2004-06). There was a very helpful forum then, stockmarketnigeria.com (SMN for short) and I used to frequent it. Due to the lessons and regular updates from that forum, my major stockbroking manager then actually confessed that my account had better returns than his. That's not the crux of this post. I was only trying to point out that his perception of me as a better portfolio manager didn't have much to do with my expertise as it had to do with my association with the distinguished members of that forum.

There was one occasion I asked for clarification on an issue from one of the Ogas in the forum and his response was a surprising rebuff. I didn't remember offending anyone at all on that forum and not this Oga in particular. However, following conversations shed light on his disposition: apparently someone or some persons who followed his opinion to trade and lost came back at him. So he probably decided to refrain from airing his views or even offering any tips since no one was paying him in the first place. I think that or similar occurrences are what led to the common disclaimers that follow expository posts here. That Oga's contributions were valuable to the forum as well as those of other Ogas. If any of them chose to recoil into their shell, it may not be obvious immediately but on the long run, you would have poorer arguments and a generally narrower perspective. And who loses more? The Oga or the newbies?

I told this story to buttress my assertion and, if we read and interpret well, the assertion of many of our Ogas in this forum, that the broader the perspectives, the better for all of us.

The growing norm, here, of calling out people who are proved by the market to have been on the wrong side of arguments after every bull or bear run is, to say the least, shortsighted, ill-informed and dangerous for this forum. In fact, like in my case then, its the newbies that will still suffer it because the older folks generally know how to synthesize market-relevant information from posts and marry with the information they already have to arrive at their positions. While nobody can claim to predict market direction correctly 100% of the time, the more relevant information you factor into your decisions, the better your chances of being right. (Just to add too: the longer your timeframe, the more likely you are to make correct decisions too: this is why its agreed that long term investments are generally less risky than short-term investments).

So, we must resist the urge to criticize and talk down anyone either because their opinion does not allign with ours or we think they are not in touch with reality, especially if its with the benefit of hindsight. The ideal thing to do is to put in your submission(s) and point out why you think their submission is irrelevant or not too relevant. In the end, we are all here to learn from one another and the larger the pool of knowledge, the better for us all.

God bless you all

sellydion:
I am thinking there is more to ZEE , the merger of UNION bank may soon be communicated

ZEE would be bigger than GT if this ultimately occure. My advice buy more of ZEE for keep.

Bigger depends on your yardstick.

By Assets, profits, Zenith is bigger.

By market valuation, GTB is bigger.

Mcy56:


1. Click this link to download the various Registrar's forms here:
https://sec.gov.ng/public-notice-the-e-dividend-mandate-activation-forms-of-various-registrars-are-now-available-for-download/

2. Current Account is not mandatory. Savings Acct is acceptable. Payments are made electronically.
3. No it doesnt take long process. Fill the form and submit to the registrar. It may somehow take some times where signature specimen is required but the registrar may not request for it. Contact your broker if you're asked for signature specimen.
3. One registrar may be in charge of more than one company, just tick all active coys active on each form.
4. If you are closer to the registrar, you may submit in person. You may also submit electronically via mail or thru your bank.
5. Note: Shareholder's number is not necessary, leave the columns blank. CHN is mandatory. Fill it on the forms.

** Answered to the best of my knowledge. Una go dey pay me for my time for Nsempa o. Lol.

Based on point 3 Firstregistras are the best in my opinion. I had first hand experience with them. Africaprudential on the other hand demanded for specimen through my brokers and therefore made it difficult for me to get my dividends, since I live far away at the moment.

Justcul:


Based on point 3 Firstregistras are the best in my opinion. I had first hand experience with them. Africaprudential on the other hand demanded for specimen through my brokers and therefore made it difficult for me to get my dividends, since I live far away at the moment.

Did you submit your forms by email through your broker?

ositadima1:


Did you submit your forms by email through your broker?

If you are outside Lagos, you can submit through your banks though it may take time.
It is advisable you start the process as early as possible not necessarily when dividend has been declared.
Some banks are very helpful and responsive.

Some registrars are easy and straightforward, the e-dividend mandate will get activated with just the e-dividend form.
Some are not that simple and they will ask for signature specimen, you will need your broker for help with these ones.
Some registrars are difficult and non responsive, they will not pick your calls nor reply your mails, you will need wisdom and time to get through with those ones.

pluto09:



If you are outside Lagos, you can submit through your banks though it may take time.
It is advisable you start the process as early as possible not necessarily when dividend has been declared.
Some banks are very helpful and responsive.

Some registrars are easy and straightforward, the e-dividend mandate will get activated with just the e-dividend form.
Some are not that simple and they will ask for signature specimen, you will need your broker for help with these ones.
Some registrars are difficult and non responsive, they will not pick your calls nor reply your mails, you will need wisdom and time to get through with those ones.

Thank you sir. Do you have any Idea in what category is Veritas Registrars (difficulty of registration, I live very far from Lagos)? I noticed they cover zenith bank shares.

It is like I will only be keeping selected companies for dividend collection (one or two), since registration can be difficult.

I assume someone can make close to the dividend yield by entering the market somehow near the dividend payment period and exit just before it.