₦airaland Forum

Naijadr:
Abeg does anyone know who the Registrars are for First Bank, is it First Registrars?

RoughCut:
Add to that list Fidelity and Skye bank. Springbank??nothing like that anymore

Hmmnnnnnn, i'm tempted to add WEMA to the list(the powers that be wont allow that to happen!) well it wont be a disaster at least  we get to sell our shares at a handsome premium to whoever  is gobbling up WEMA

Joey82:
I'm no expert on stucks but i feel there are too much IPOs with less people willing to buy. I'm not sure some of these banks record up to about 50% subscription.
The issue of certificates is also another problem, irrespective of the fact that they come late, some end up not geting them at all.

fineass:
HI y'all,
Can anyone be kind enough to feed me with what it takes for a foreign company to obtain a licence of operation in nigeria
Thank you , peace

rasputinn:
I think the afribank P.O @ 25 bucks is too expensive.Are my wrong?how good are their fundamentals?answers needed ASAP please
[/quote

rasputinn,

I think you are right. The P.O @ #25 is very expensive. Even the way their share price rose on the floor of NSE within the last 6 months is somehow suspicious, I will not want to say that they intentionally WHIPPED UP their share price in preparation for the P.O. But all the same, I think it's a good buy for those who can wait for sometime before they reap their gain.

Peace.

woodboi:
fcmb or fedility share which of them would you go for and why,

Mr. Cee:
@ NBA

Today I read on proshare about someone advising the investing public on how to deal with their brokers the one that caught my eyes was the one I am guilty of "Never use your brokers address when buying shares that will be giving them too much trust" This was exactly what I am about to do with my brocker I advised them to use their address for my PO/IPOs for faster certificate verification. Any advise should I withdraw that I advise or just give them a trial?

yodiyokun:
@Iwerebor,

I am tempted - seriously tempted ! but naah I refuse to stoop so low to your level.

However, I will set the record straight.

I think the regulars on this thread will agree with me that it was noted here severally the WEMA IS RISKY BUSINESS.

It was dissected and mutilated several times over and everyone took their own stand.

For the most part, the folks here are not lazy bones - most people contribute intelligently one way or another, and I really do not think anyone here makes a buy decision on the price.

And no one here made predictions on WEMA price in the range of 20's - they wan steal am.

Finally, you do not have a right to talk to anyone here in such condescending manner, and are you telling us almighty @Iwerebor that you have not made one investment mistake in all your time on NSE.



I implore you with the mercies of God, If you have no words of wisdom, keep your foolishness to yourself.

We did not ask for your opinion!!!!

@all have I spoken well?

Geees:
I hear they don't like loosing anyone hence the suggested delay. I have not been in such a situation before. However I suggest you open another account with a stockbroker that meets you taste and compare before you transfer.


Now to my question: I have about 100k that i want to use to buy mutual fund from Cashcraft and
Union trustees ltd but am not all that convinced as regards the returns on funds compared to shares/stock.

tonyjon,
The stock market does yield more returns than mutual funds simply because mutual funds are conservative and defensive investments (investments that are almost obliged to yield returns) some of them are even guaranteed. Imagine you gave the 100k to Cashcraft and they say we lost your money sure you would HOLLA. So they tend to buy blue chip companies which give low returns but near certain returns on investment eg Firstbank, UBA, Wapco etc.
However if you buy say WEMA like Wanaj0 you could make 30% returns in 3 days, Speculating. However this would be a very risky venture for mutual fund managers, as WEMA is a serious gamble because they have not really had results for at least a year making calculation of profit and earnings difficult.
So do you want a guaranteed >20% return or a >50% "not too sure" return on your investment?
The choice is yours

(However with a good pick and the way the NSE is now you can comfortably make >50% return on investment in about a year.)

Cheers