₦airaland Forum

Sh0lar:
What is happening to GT bank. The share keeps falling. It is currently at 24.95k just 0.6k higher than Zenith Bank. Well me I think it is a bargain price as I keep buying more of GTbank.

But is there any news or event we are not aware of that is making the share fall?

bad result

yMcy56:
There's now a new URL for iTrade Morgan Capital

https://itrade.morgancapitalgroup.com/customers/

It has started working this morning.

talk2me2:
What is even wrong with Morgan/Itrade who ask them to do that upgrade? They should have left the platform the it was. I have not been able to login since morning.

is there something I am not doing right? Those that have been able to login to the new Itrade platform please kindly explain to me is there a change in details or is the platform no longer compatible with phones? Or is the problem peculiar to my account alone?

Cc: yMcy56 and other that are already using the new platform.

yMcy56:
UACN /UPDC-REIT UNBUNDLING
Pls can someone remind me about this scheme of arrangement
Even myself had posted it before but now I don forget am......make you no vex.

https://doclib.ngxgroup.com/Financial_NewsDocs/33996_UAC__OF_NIGERIA_PLC%20SCHEME_OF_ARRANGEMENT_CORPORATE_A.pdf

Cc: @Talk2me2 ??

my dear we have said a lot on this subject I now prefer to keep quite and wait for the free shares.

What is even wrong with Morgan/Itrade who ask them to do that upgrade? They should have left the platform the it was. I have not been able to login since morning.

locodemy:
Although I have not been able to monitor upl because of it's nature(seasonal stock) but I think the 1m bids you are talking about are not being filled and keep on appearing day by day because there is no adequate offers to match the bids.Remember the rule is for a stock to change in price, there must be a 100k block units to effect a change in price.
I will watch the movement of upl tomorrow.
Buying upl is not the issue but to hand over is the koko.

Oga my point is: NSE rule is that, if the price must move the highest bidder have to be filled first before the lowest bider. If they are crossing to themselves no matter the volume they should leave the stock price the way it is. The question is how do they move the price about 10% lower than the previous day's closing price with just 100k shares, without first filling those about 1million shares bid at 10% above the previous day's closing price?

OBAGADAFFI:
What is happening in UPL it has been on full-bid for a while

Good evening House, it's been a while. How are you fearing?

Talking about UPL though I am not their shareholder, for about a month now I have been observing the price movement and I am suspecting that it is being manipulated. How can a stock be on full bid with about 1 million shares bid at 10% above the previous closing price, and the stock still close 10% lower than the previous closing price without filling those bids that are at 10% higher than the opening price that remained there until the market closing time? Or is there a new rule on ngx that permit such that I don't know about?

ositadima1:
A question for d oldies, where is this guy? Since his blog turned to a dating convo, lol, does it mean he's gone belly up?

Ask BullBearMkt

Seunn11:
Ladies and gentlemen,

As lockdown had taken a hard bite on many things, it is important to pay attention to health matters especially mental health.

Please and please, take proper care of yourselves.

Good morning and happy Sunday to everyone,

Please how many times has Afriland Properties paid dividend to its shareholders since it was unbundled by UBA?

jideflash:
Na wa o. My BNSITL you na allow antispam ban me since. I dont even know what I did to trigger it.

Welcome back Brother.

Dsticks47:
Good day sir/ma

Firstly I will like to apologize for any inconvenience you might have experienced using the IOFS 6 years back.

Over the years there have been a great improvement on our trading platform

For trading flexibility,
Kindly send a mail to customercare@investment-one.com for DMA
with that request, you will be able to have unlimited access
DMA means Direct Market Access. It enable your mandate gets to the NSE floor without the intervention of a broker.

Do you know you can Also trade using our USSD code?
(*5678#)

And lastly I will also suggest you signup as an existing client on our ziing mobile app ( am sure you will have a nice experience trading with the ziing mobile app)


Requirement for DMA
You must have an account with investment one

How to activate DMA

To activate, send a Mail to [url]customercare@investment-one.com[/url]requesting for DMA.
Thanks for choosing Investment One financial Services.

To Open an account with Investment One check my signature.

How much is the minimum amount required to open an account with Investment One?

Intendy:
Stocks with new 52 week lows

International brew #3.15k

Total #79.10k

CAP #15.40k

Hmmmmmmm

locodemy:
You see your life?
You no fit dash me #100 airtime from the #500.

Better no go there again.Tomorrow na my own turn.

lol at the bolded.

Jideflash was banned

:
Account recharge of N500.00 was successful.You have received N1250.00 for national calls,SMS & data.Bonus will expire 10/08/2020.Dial *559*43# for bonus details.

House I want to sincerely appreciate Jideflash for keeping to his promise. He has just credited my line.

Thank You Jideflash.

jideflash:
Since this house is becoming boring as investors are scared. Let's play a game daily for the week;

Predict just one stock that will gain or loss today with exact change percentage, winner gets 500naira credit. All entries should come before start of trade today.

talk2me2:
UACN will loss 10%

Jideflash where is my credit market has closed UACN LOSS 10%.

Send it to kelemba0001@gmail.com
I use MTN

.

currentprice:
Let me come and greet my bsnl on my bornday

Ekuu Mkt O

^{_{be fearful when others are greedy}}

Happy Birthday

jideflash:
Since this house is becoming boring as investors are scared. Let's play a game daily for the week;

Predict just one stock that will gain or loss today with exact change percentage, winner gets 500naira credit. All entries should come before start of trade today.

UACN will loss 10%

meine:
Thanks Stcool. The mad guy was still saying he has piles of cash and he doesn't need more. His village People really meant business on his case.

talk2me2:
Please did anybody understand the q2 2020 result of Okomuoil ?

I need a breakdown
GROSS PROFIT
PBT
PAT
EPS

I couldn't understand the result. Is that another type of IFRS?

http://www.nse.com.ng/Issuers-section/listed-securities/company-details?symbol=OKOMUOIL

They are also following us, they have giving us the correct thing.

http://www.nse.com.ng/Issuers-section/listed-securities/company-details?symbol=OKOMUOIL

Please did anybody understand the q2 2020 result of Okomuoil ?

I need a breakdown
GROSS PROFIT
PBT
PAT
EPS

I couldn't understand the result. Is that another type of IFRS?

http://www.nse.com.ng/Issuers-section/listed-securities/company-details?symbol=OKOMUOIL

emmanuelewumi:
GSK dividend just landed

Like wise

PETERiCHY:
Yes but the UACN UNBUNDLING will take place next year along with the release of their 2020 FY RESULT all thanks to Covid-19.

BARGAIN HUNTERS TAKE NOTE

Seunn11:
Market to pick up from late next week.

How are you doing, people?

We are fine
The Class Captain

:
DAILY EQUITY MARKET UPDATE. July 22, 2020


MorganCapital Research

Equities Market Close Flat Paired With Improved Trading Activity

The equities market ended today’s trading session on a flat note, as the ASI finished 0.00%, to close at 24,173.53points. 

Market activity improved, compared to the previous trading session, as total volume and value increased by 32.37% and 39.34% to 402.63million units and N4.55billion. UACN was the most traded by volume at 136.77million units and NB was the most traded by value at N1,631.44billion.

What does that suggest? Unbundling in view

emmanuelewumi:
What will you say about those who bought land banana Island in 2010 at N800 million,, who are currently looking for buyer for the same land at N600 million in 2020.


That same N800 invested in Zenith bank shares and dividends reinvested would have grown to N2.67 billion in 2020

We were not comparing real estate investment and stock Investment, rather we were comparing very along term investment on the NSE and short / mid term (or selling when you see your profit) NSE investment style.

Besides, my major concern was that Zenith bank is one of those companies on NSE that can be said to have performed better than others during the period under review, yet their case is like that. What about those ones that did not fair so well during the period, how will their own data be if they are to be analyzed?

DrAwo:
Apologies for replying late...

In this model, we assume one buys 1million units of Zenith bank during their IPO in 2004 at N10.90.

All dividends are reinvested on 01/04 to buy zenith bank shares. I however could not get historic prices between 2005 - 2008. Hence we assume that it is bought at N20/share for those years (which is quite generous)...

I remembered that the big banks in Nigeria (Intercontinental, Zenith, FBN, etc) traded within the range or N50 - N65 from 2007 to 2008 before the 2008 economic crisis

zimams:
This just brings it home.

Just found out in the past week that I hold 27,000 units of Wema Bank Shares which I bought sometime btwn 2007 and 2008 at N9/share. And I bought Zenith around that same time for N48.05/share, and Japaul at N3.25. Luckily I jumped out of zenith at a loss in 2009. But held on to Wema and Japaul.

Found an Old CSCS statement in my files last week that showed these. Called the stock broking firm I used then, asked for an updated CSCS statement and Alas... the shares were still there..

I felt sick to my stomach. I thought I sold everything then .. when the bubble bursted.

So my Japulian brothers & sisters! I dey inside that bus o! with a terrible entry point....

On a serious a note I wonder if it's really worth it long term... I wish to read some success stories around our NSE. My experience and few others I've read including @Dr.Awo's post isn't encouraging. Short to medium term JIJO suddenly seems like a good idea before weevils decimate person hard earned money.

The problem is not about Dr.Awo's post. Infact I really appreciate his effort takes his time to do those research/analysis and posting them here.

The problem really is that the stock market (especially in an economy like that of nigeria under the current leadership where the currency is devalued at random) on the average does not favour long term investors except of course one controlling intrest (enough intrest to be called to the board of the company).

If the data of a very good company like Zenith bank can be like that in the long term, how about the nse average or the poorly performing companies?

CashDiMkpa:
That's why holding any stock for ever mindlessly does not make sense. Once the market prices your stock higher than your valuation, why hold on to it? You can sell and buy back later.

Imagine those that sold Zenith at close to N40/share in early 2018 and buying back now. Compare them to those taking N2.50k profit every year since then. Who is better off?

exactly
I believe in taking your profit when you see it

DrAwo:
If you bought Zenith bank on 01/01/2010 using N100,000 and reinvested all dividends received to buy more zenith bank shares on 01/04 each year, how much would your investment be worth as at 01/04/2020?

this makes the wohle effort look like a waste of time. N100,000 in 2010 was more valuable than N338,354 today.

jamace:
*IMPLICATIONS OF THE NEW CBN POLICY OF GLOBAL STANDING INSTRUCTION*

The CBN yesterday released a new policy called GSI (Global Standing Instruction). The policy is a very welcome policy. Below, i try to summarize the major points of the policy.

1. It applies to all financial institutions in the country.

2. If you take a loan in any bank (say GTB) and you refuse to pay back, we would look for any other bank(s) in the country (say Access bank, and Sterling bank) where you have accounts and there is money, we would take the money from those accounts and pay GTB back.
E.g you take 30k Loan from GTB and you fail to pay back. You have 10k in your Access bank account, 15k in your Sterling bank joint account with your wife and 8k in your child's First bank account that you help her manage (because she is still a minor). We would sweep the 15k in your Sterling bank joint account with your wife, sweep the 10k in your Access Bank, and take 5k out of the 8k you have in your child's First Bank account. We would send them all to GTB. The remaining 3k in your child's First Bank account would not be touched. That's a promise. ��

3. Even if its a joint account that your BVN is found on, money would be moved from there!

4. If we find out that you have an account that we should have moved money from but you have done chua-chua to not put your bvn on that account, then your BVN would be watchlisted. My brother, that is a major gbege! You are finished!

5. Only principal and interest would be swept from your other accounts. Penalty charges would not be included. CBN don try for us o. ��

6. If a bank wrongfully activates GSI on you (you have not defaulted on your loan and they go make the system sweep from your other accounts) , the bank would pay a fine of 500k sharparly. No begging.

7. If you complain about a wrongful activation of GSI on your accounts, and the bank claims you are wrong, you then decide to request for arbitration. If the arbiter rules that you are correct, then the bank pays a fine of 10M. No story!

The GSI becomes effective from August 1st 2020.

This helps the system to fight serial loan defaulters and allows banks to more readily give out loans. As a matter of fact, a bank can now choose to give you a loan without you previously having an account with the bank.

It's a new dawn in our country.

*- Otunba Fad.*

I am more intrested in those fines

If the fine of 6 or 7 is paid by the defaulting bank, who will take the money the CBN or the customer?