₦airaland Forum

Hello to all the guru's in the House, Pumping 777, Geees, Dollarmani, Easimoni, Wanaj0, Roughcut etc.

You guys are doing a very good job and we really appreciate all your efforts. Keep up the good work.

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.

Based on experience, I want each of you guys to kindly give professional advice as per whether i should use the money to buy funds or shares, having in mind that i can take risk to some extent.

tonyjon.

yodiyokun:
Wanaj0,

All insurance companies have been on free fall - just doing yo yo dance.

Anyone that purchased insurance sector should just close the eyes to it till next year.

Meanwhile I have not been following whats up for sometime, I get exam to write in November and money must not burn.

Anything new on the horizon?

Yodiyokun,

You nor go fail, u bi book worm (eficoo). I wish you success in your exams.

NAIJADR,

Thanks for all the information on UBA. You must be a good customer.

I gained a lot from it.

tonyjon.

PUMPING 777,

How did you know that I was talking about BANK PHB, FIDELITY AND FCMB?.

That was a nice guess. keep it up.

Peace.

tonyjon.

Geees/ Yodiyokun,

Sorry for the omission. The three banks are: 1. BANK PHB 2. FIDELITY BANK 3. FCMB.

tonyjon.

Hi Geees/yodiyokun,

If you are to put these three banks on a scale(scale of preference)
in terms of purchase if you are to buy and you have the money,
how will the scale look like?.

tonyjon.

GEEES,

Thanks for the reply.

tonyjon.

hello,

Is it possible for someone to view/check his CSCS ACCOUNT ON LINE
even if there is nothing (shares) in the account yet?.

My sister tried to check her account on line to see if it works properly
although for now she has nothing in the account and the account refused to open.

She had already paid all the necessary fees. The system told her that her password
was not correct which is not true.

What is going on here?.

wanaj0,

Thanks for the reply.

The guy had not been to Nigeria for quite sometime now so he will need some other info. from you.

1. Like how much do you think the affidavit will cost ?.

2. How much will the newspaper advert cost and what is the procedure to follow?.

3. For the signatures, does he need bank confirmation for both old and new signatures?

4. Do you have an idea of how long this process will take before completion because the guy has about ten certificates from different companies/banks?.

Waiting to hear from you.

tonyjon.

TO ALL GURUS IN THE HOUSE,

A friend of mine bought some shares (PO) some years back before he travelled out of the country. Since  everybody is now talking about capital market, he now remembered that he has some certificates in his Bank safe deposit in Niger.

The problem with the certificates are so many that he is about losing hope as per scaling through with verification anytime he goes back to Niger.

These are the issues:

1. His surname has changed
2. His postal address has changed
3. He has new next of kin
4. His signature has changed although he can still sign his old signature
5. He has no broker and not willing to hire one

He intend to travel to Nigeria next month and go straight to the offices of all the registrars of the companies where he bought the shares to explain to them and to do his verification without a broker.

GURUS in the house, is this possible?. If the answer is yes, what are things he will need in terms of documents before going to see the registrars?.

This is my answer based on current prices and other opportunities I think exists in the market today bearing in mind that ultimately my funds are limited. I have stocks from some companies below I say I won't buy today but I bought them cheaper than todays prices.

FIDELITY BANK PLC - No
FCMB PLC Yes, PO
BANK PHB No, Maybe PO after seeing the prospectus
AFRIBANK PLC - No, Maybe PO after seeing the prospectus
SKYE BANK PLC - No
FIRST INLAND BANK PLC - No
WEMA BANK PLC - Yes, it is my gamble stock. It could be another AP
IBTC PLC. - No




So, Pumping 777, for all the ones you said you cannot buy, can you buy them for long term investment if you have money?.

tonyjon.

HI PUMPIMG 777,

I have a question for you.
If you have some money to spend on stocks, will you buy shares from the following banks

FIDELITY BANK PLC
FCMB PLC
BANK PHB
AFRIBANK PLC
SKYE BANK PLC
FIRST INLAND BANK PLC
WEMA BANK PLC
IBTC PLC.

tonyjon.

To all the Gurus in the House,

Does anyone have an idea of when SPRING BANK PLC will be back on the floor of NSE.

They have been on technical suspension for quite sometime now and their board of directors and management have been reconstituted.

What is going on?.

tonyjon.

Hi NAZZYON,

1. I am not a guru when it comes to stocks and funds but from my little experience, I will like to advise you to buy more of Bedrock and Anchor funds because there is every tendency that Cashcraft will meet their projections and moreover, the funds are very cheap.

2.You can use the remaining money to buy ARM FUND. They are coming to the market on Monday, Oct. 29,2007 with an offer(IPO) @ # 20.00 PER UNIT. and the minimum you can buy is 50,000.

tonyjon.

Hi NBA,

You must be a professional when it comes to stock business. Thank you very much for all your good advise. I have really gained a lot from you and other contributors

Now, I have some questions for you.
1. I recently opened an account with a stockbroking firm and they assisted me to open a CSCS ACCOUNT and I also bought some shares through them (IPO). I am still expecting my shares to be credited to my CSCS ACCOUNT.

This is the question: Is it possible for me to change to another stock broker now?. I want to change because I want a stock broker with good track record.

2. If you have all these stock broking firms on your list, 1. ZENITH SECURITIES, 2. ESL(ECOBANK) SECURITIES, 3. UBA SECURITIES, 4. VETIVA CAPITAL , 5. LEAD CAPITAL AND 6. FUTURE VIEW. Which one will you choose or select, I mean the one you will use as your broker?.

Waiting to hear from you.

tonyjon.

hello investment Gurus,

Is there anyone in the house who have anything to say about MANINVEST ASSET AND MANAGEMENT LTD?.

A friend of mine introduced me to them but I still want to seek second opinion as per there services and effectiveness.

Waiting to hear from you guys.

tonyjon.

OGA PUMPING 777 YOU SOUND VERY INTERESTING.

PLEASE, I WILL LIKE TO KNOW WHAT YOU HAVE TO SAY ABOUT CASHCRAFT ASSET MANAGEMENT'S MUTUAL AND EQUITY BASED FUND. THE IPO IS CURRENTLY IN THE MARKET.

DO YOU THINK IS A VIABLE INVESTMENT?.

TONYJON.

Hello Fellow Landers,

I have two questions:

1. Can anyone tell me when Spring bank will return to the floor of NSC to trade again?.

2. What is going to happen to those who paid for shares in All State Trust Bank before it was acquired by Ecobank through cherry picking?.

Please I need answers to these questions.

tonyjon.

Hello Fellow Landers,

I learnt that CASHCRAFT ASSET MANAGEMENT LTD is currently in the market with offers(IPO) for MUTUAL FUND(BEDROCK FUND) AND EQUITY BASED FUND(ANCHOR FUND).

Now, this is my question, how good are these offers. I have interest in the offers but to be sincere, I don't know anything about CASHCRAFT ASSET MANAGEMENT LTD.

INVESTMENT GURUS in the house should please help me out and answer this question before I put my money in the wrong place.

tonyjon.

Hello Fellow landers,

I need a reliable stockbroker to handle my investment and I have the following companies in mind.

1. Zenith securities
2. Vetiva securities
3. Ecobank securities(ESL)
4. UBA securities
5. Lead Capitals

Please brothers and sisters in the house, which of these firms is the best and most reliable in terms of efficiency and customer service?.

Waiting to hear from you all.

tonyjon.

Hello Digi,

You have to pray very well so that God will direct you to were HE wants you to be. But I will also like to introduce you to this Church . The name of the Church is : ABOVE ALL CHRISTIAN GATHERING, NAEREST INTERSECTION, KEELE AND LAWRENCE.

tonyjon.

Hi Emma,

Thanks for the reply. As regards the new area you mentioned (Ologuneru, Eleyele), I will like to know more about it. Please furnish me with information on how to secure one.

I will also want you to please assist me findout more information as regards the land at AJODA NEW TOWN NEAR IBADAN.

tonyjon.

i need help from anyone who knows ibadan very well. i was called upon by some to come and buy a plot of land at ajoda new town near ibadan and i dont know anything about this area, please could someone who knows the place tell whether the place, ajoda new town is a good place or not and at what price do you think the land should be sold?. the person selling bought it from oyo state govt and he want to resale.
please i need urgent advice.

tonyjon.

i bought some shares some years back and i now want to transfer it ti my friend. i have the certificate with me and i dont want to involve any broker.how should i go about it.

tonyjon.