Jejebabaa:

From personal experience, Meristem is good, tested and trusted.

Thanks

sky2891:

Thank you

...it's a pleasure

@ cashdimkpa

Received proxy mail today

For those that use CSL. After selling, do I have to wait 3 days before making a withdrawal? I sold some stocks today to raise money for a family emmergency. I can see the proceeds from my sale as cash in my csl customer trading portal. Can I withdraw the funds tommorow morning? Or wait for 3 days?

leparj:
For those that use CSL. After selling, do I have to wait 3 days before making a withdrawal? I sold some stocks today to raise money for a family emmergency. I can see the proceeds from my sale as cash in my csl customer trading portal. Can I withdraw the funds tommorow morning? Or wait for 3 days?

It is T+3days If you have Direct cash settlement with CSCS.

If you don't have DCS, request for withdrawal might take 48 hours.

If you see the fund In your portal, you can request to withdraw.

Krisuba:
Please when are we expecting the bonus from Julius de Begger? Any news??

I never even see dividend. I don write Greenwich tire.

Heishere:


I never even see dividend. I don write Greenwich tire.

In most cases the crediting of investors cscs account with bonus shares declared by any company don't happen as with cash dividend which is normally paid on the specified payment date. Bonuses are credited anytime after payment date. The execution of the corporate action is between the registrars of the company, SEC and cscs. So just wait for it. It can be credited anytime.

leparj:
For those that use CSL. After selling, do I have to wait 3 days before making a withdrawal? I sold some stocks today to raise money for a family emmergency. I can see the proceeds from my sale as cash in my csl customer trading portal. Can I withdraw the funds tommorow morning? Or wait for 3 days?

Yes you can withdraw it tomorrow. There is a drop down menu for withdrawal. Fill all the required details and submit. When you do, send a mail to this guy.

Fortune.Ibeh@fcmb.com

to let him know so you can get your funds 3 days after.

nna777:


Yes you can withdraw it tomorrow. There is a drop down menu for withdrawal. Fill all the required details and submit. When you do, send a mail to this guy.

Fortune.Ibeh@fcmb.com

to let him know so you can get your funds 3 days after.

Ok. Thanks.

OBAGADAFFI:

It is T+3days If you have Direct cash settlement with CSCS.
If you don't have DCS, request for withdrawal might take 48 hours.
If you see the fund In your portal, you can request to withdraw.

Thanks.

emmasoft:


In most cases the crediting of investors cscs account with bonus shares declared by any company don't happen as with cash dividend which is normally paid on the specified payment date. Bonuses are credited anytime after payment date. The execution of the corporate action is between the registrars of the company, SEC and cscs. So just wait for it. It can be credited anytime.

Alright. There is nothing I can do but wait anyway

Jejebabaa:

From personal experience, Meristem is good, tested and trusted.

If I may ask, what metrics informed your decision aside from experience?

Heishere:


I never even see dividend. I don write Greenwich tire.

Someone once mentioned engaging them on Twitter. I did and have received all my dividends though it took weekly engagement throughout the month of July. Find them on Twitter and tweet at them. Response time is faster

lancee:
https://www.abokifx.com/news/foreign-investors-rekindle-interest-in-nigerian-stocks-the-nation

This confirms my earlier assertion about the devaluation bringing some form of direction to our market.

will007:


If I may ask, what metrics informed your decision aside from experience?

When u see oil prices crashing and u have forex u don’t want to put in equities, the best thing to do is to lock it up in dollar funds to at least preserve your capital from losing value after devaluation.
It’s also a way of diversifying your assets and for someone that also have forex expenses.

Jejebabaa:

When u see oil prices crashing and u have forex u don’t want to put in equities, the best thing to do is to lock it up in dollar funds to at least preserve your capital from losing value after devaluation.
It’s also a way of diversifying your assets and for someone that also have forex expenses.

Every Nigerian has forex expenses. Most just don't know it

nna777:


This confirms my earlier assertion about the devaluation bringing some form of direction to our market.

But the content of the article doesn't really show that fpi(s) are on there way back. They are still moving money out.

I know this is wrong but I am doing it any way cos this is one of d threads with d most decent and reliable people.

Does any one know about yellowcard.io ? A friend told me that I can directly fund my bitcoin account through our local bank transfer and so bypass some questionable middlemen. Is yellowcard legit?

Please I need brief answer, don't want to derail. Thank u.

rmx:
@ cashdimkpa

Received proxy mail today

Okay. Roger that.

Can you share a copy here?

Mpeace:
But the content of the article doesn't really show that fpi(s) are on there way back. They are still moving money out.

Although while some are moving out, some are taking positions.

Do read the second and fourth paragraphs.

ositadima1:
I know this is wrong but I am doing it any way cos this is one of d threads with d most decent and reliable people.

Does any one know about yellowcard.io ? A friend told me that I can directly fund my bitcoin account through our local bank transfer and so bypass some questionable middlemen. Is yellowcard legit?

Please I need brief answer, don't want to derail. Thank u.

Don't know much about yellowcard.io.
You don't need any middle man to buy bitcoin now, binance has simplified things for Nigerians. You can do local transfer and you can also buy with cards.

This platform bit quiet today, just wandering if I am really on NSEMPA platform.
Madam Mcy go on vacation like Big Brother

Where are all the Japaulians How market? @20k already. I hope you are not trapped

CashDiMkpa:


Okay. Roger that.

Can you share a copy here?

https://cardinalstoneregistrars.com/wp-content/uploads/2020/04/LUR%20NOTICE%20OF%20AGM%20AND%20PROXY%20FORM.pdf

PETERiCHY:


GUINNESS FINANCIAL YEAR END is June 30th unlike Nigerian Brewery and International Brewery that theirs are December 31st.

GUINNESS FULL YEAR result will be PUBLISHED by MONTH END between 27th/28th August 2020.

This YEAR being their 70th ANNIVERSARY in Nigeria the SIGNS are GLARING that we should EXPECT a BUMPER HARVEST.

BARGAIN HUNTERS TAKE NOTE!

*ThE OcToPuS*

For the past 7days GUINNESS has been rigmaroling at this N15.50k RESISTANCE POINT.

if we BREAK this BARRIER we are heading straight to N17.05k cc. BBM & FXUSER help us with your TA torchlight

BARGAIN HUNTERS TAKE NOTE

Insider Dealings: Abubakar Suleiman Buys 750,000 Sterling Bank Shares, Total Now 19,207,500 in Two Months

In line with the Nigerian Stock Exchange disclosure policy, Sterling Bank Plc has disclosed that Mr. Abubakar Suleiman, the Managing Director, Sterling Bank Plc, purchased another 750,000 shares of Sterling Bank.

This is in addition to the 18,457,500 million shares of Sterling Bank acquired by Mr. Suleiman on July 16, 2020 at N1.24 a unit. Bringing his total purchase in the last two months to 19,207,500.

https://investorsking.com/insider-dealings-abubakar-suleiman-buys-750000-sterling-bank-shares/

Inflation Rises With Unemployment Rate to 12.82%

Prices of goods and services in Nigeria rose further in the month of July, according to the latest report from the National Bureau of Statistics (NBS).

The Consumer Price Index, which measures inflation in an economy, increased by 12.82 percent year-on-year in July. This was 0.26 percent more than the 12.56 percent recorded for the month of June and represents the highest rate of increase since April 2018.

On a monthly basis, inflation rose by 1.25 percent in July, representing an increase of 0.04 percent from 1.21 percent achieved in June.

https://investorsking.com/inflation-rises-with-unemployment-rate-to-12-82/

Investors Hold Back on Jumia Shares as GMV Drops by 13% in Q2 2020

Despite some noticeable improvements in Jumia’s second-quarter financial results, investors that jumped on the company’s stock prior to its financial statements release pulled back as the Gross Merchandise Value (GMV) declined by 13 percent even with COVID-19 lockdown.

In the financial statement released by Jumia last week, the company’s operating loss reduce for the first time in six quarters. While revenue declined by 10 percent when compared with the second quarter of 2019 to €34.9 million, better than the 18.7 percent predicted by experts.

Accordingly, the company’s operating losses declined by 44 percent year-on-year to €37.6 million. This is largely due to the company’s new strategy of cutting down costs both in the advertisement and other aspects of the organisation to the lowest levels since 2017.

Also, profit on fulfillment expense rose to €6 million during the quarter, up from €0.7 million decline posted in the same quarter of 2019 and indicated that Jumia is no longer making losses on fulfilling orders.

Jumia GMV declined by 13 percent year-on-year to €228 million in the quarter under review, one of the main reasons investors held back on the stock.

GMV measures the value of goods sold on the platform at a specified period.

https://investorsking.com/investors-hold-back-on-jumia-shares-as-gmv-drops-by-13-in-q2-2020/

NSE Adjusts Prices of MTN Nigeria, Flour Mills Shares
https://businesspost.ng/economy/nse-adjusts-prices-of-mtn-nigeria-flour-mills-shares/

CHI Plc Rights Issue Records 100% Subscription
https://businesspost.ng/economy/chi-plc-rights-issue-records-100-subscription/

Jumia Boosts Q2 Profit by 38% on Strong Financial Discipline
https://businesspost.ng/economy/jumia-boosts-q2-profit-by-38-on-strong-financial-discipline/

Lower Dollar Demand Lifts Naira at I&E Window
https://businesspost.ng/economy/lower-dollar-demand-lifts-naira-at-ie-window/

Fidelity Bank to File H1 2020 Earnings Next Week
https://businesspost.ng/banking/fidelity-bank-to-file-h1-2020-earnings-next-week/

Output Cuts: OPEC+ Records 97% Compliance in July
https://businesspost.ng/economy/output-cuts-opec-records-97-compliance-in-july/

nosa2:


Every Nigerian has forex expenses. Most just don't know it

CBN has a new policy which i feel with vibrate through the economy a bit. Forex recieved through inflow can't be withdrawn, it can only be transfered.

I like a number of Nigerians have inflow dollars in our account, but we can't withdraw. You can only transfer, shop online and send to 4% per annum portfolios.

Some speculators will start looking for ways to move their loot to Naira now. I know there are a number of backdoor, but they will shed of some money moving the money around i.e. aboki, bitcoin, etc.

One guy asked for an opinion and I said if I were the one, I will go for UBA........and that interim div news will help it's ministry...........hope he made the right decision.

Danniee:
Madam Mcy go on vacation like Big Brother

Lol. Thks for the mention.

Meanwhile, support for Zenith has been sighted at 16.70 for quite some days now.........quite some activities also observed at 16.75 junction.
Is the stock ready for upward swing? Only time will tell........

Cc: Lancee