₦airaland Forum

Elai147:
It's a good idea to have more than one broker. Since you already have a good relationship with Investment One, and if they have a good customer service, I will advise you to keep your portfolio with them and put your long term cash-flow stocks there. You may use your portfolio with MorganCapital for trading and enjoy the low brokerage fees.

Yes.

Thanks for your advice and guidance.

I really appreciate.

Elai147:
I didn't do biometrics. Some of these brokers don't know the requirements for inter-member transfer. Morgan asked me to do biometrics, bankers confirmation of signature and BVN, but I contacted CSCS and they confirmed that I didn't need any of those. When you are transferring from an active firm to another active one, it is a very straight forward process. But if you are transferring from an inactive/dead firm to an active one, the process is a little different and that is when CSCS requires Bankers Confirmation of signature, etc. You can email CSCS for confirmation of what you need for inter-member transfer.

If you have CSCS online, you will be able to view your stocks online as well as the transaction history of each stock (by clicking on the stock). You can also print statements of your account anytime. There are so many other benefits, and the cost is just N2,500 for yearly subscription.

Am just thinking of leaving my portfolios with investment one and start trading a new portfolio in Morgan...I have a huge portfolio with investment one...mainly dividend paying stocks...

I started trading with Morgan last Friday... I just discovered investment one cost of trading was very high....so all my new portfolios I am buying now will be via Morgan... I will only stop buying more stocks via my old broker...rather will start selling my portfolios gradually and transfer my funds gradually to Morgan...

I feel the old stock broker may not want me to go freely...and I don't want to severe our relationship since nobody knows if they will start trading realtime and similar brokerage fee with Morgan in the future...

Elai147:
I didn't do biometrics. Some of these brokers don't know the requirements for inter-member transfer. Morgan asked me to do biometrics, bankers confirmation of signature and BVN, but I contacted CSCS and they confirmed that I didn't need any of those. When you are transferring from an active firm to another active one, it is a very straight forward process. But if you are transferring from an inactive/dead firm to an active one, the process is a little different and that is when CSCS requires Bankers Confirmation of signature, etc. You can email CSCS for confirmation of what you need for inter-member transfer.

Thanks a lot

God continue to bless you

Amen.

Elai147:
Sorry for the late reply...

Requirements for Intermember Transfer;
• Account Opening Form (KYC Form) to be duly filled by you and returned with a utility bill and valid means of your identification. Get this form from Morgan.
• Completed inter-member form (you can also get this form from Morgan).
• Current CSCS statement of account (Get this from Investment One, or print from your CSCS online account, if you have one).
• Letters of authority to CSCS and Resident house (Investment One)
• Your resident house may ask you to pay some fees

Your target broking firm (Morgan Capital) should initiate the transfer request online to the resident broking firm (Investment One). As soon as the resident broking firm approves the request, CSCS would transfer the account immediately.

Note: You should notify Investment One of your intention to transfer your account to enable a speedy process. They may try to frustrate the transfer process (especially if your portfolio is worth a lot of money). If this happens, just send an email to SEC and it will be done. Alternatively, you may copy SEC in all your correspondences with Investment One. This way, they will not try to frustrate you.

SEC (sec@sec.gov.ng)
Njoku Agnes (anjoku@sec.gov.ng)

Thank you....I traded with Morgan on Friday... The difference in broker's fee and precision in buying desired price real time in floor of NSE were very clear...

I will move my fund in the coming weeks if all things work well with Morgan.

Thank you once again..


I discussed with Morgan on Friday and I was told to do my biometrics with CSCS office before initiating the inter member transfer....please did you do biomrtrics with CSCS...

What are the advantages of registering online CSCS account...?

Thanks.

fxuser:
Those figures were the various market capitalisation for the d different banks.

''What is 'Market Capitalization'
Market capitalization is the total Naira market value of all of a company's outstanding shares. Market capitalization is calculated by multiplying a company's shares outstanding by the current market price of one share. The investment community uses this figure to determine a company's size.'' - Investopedia (u can use www.investopdia.com for investment terms etc)

The other figure ''YTD'' was the share price performance between Jan to last trading date.

FBN still under performing the market since its share price was much higher in Jan compared to last week friday unlike the other 2 banks.

Hope this helps

Thanks.. I really appreciate.

fxuser:
Oga
Apologies, not sure wh bank data ur referring to.

Zenith, GTB and fbnh you posted their figures sin your earlier post...

Thanks

fxuser:
umm so I wonder what GT & Zenith will be giving out in the same time frame.
If you are willing to bet on fbn for 2 years , also add the sector leaders join too sir

(Former ) Peer Comparison

GTB
N671 bn mkt cap , +25% ytd

Zenith
N514 bn mkt cap , +16.58% ytd

FBNH
N136 bn , -26.12% ytd

there is a reason for d valuation gaps.

#whoknowsreally

My Oga... a beg explain each bank data in details for me and other financial data ignoramus like me...


Thanks you.

binaflexia:
How will the ongoing military coup in turkey affect the market.....

Make over analysis no make us miss good opportunities


How Turkey coup go affect NSE...


Though the world is a small village

Godisfaithful:
You are right sir. I assume Zenith, GTBank, Access, and UBA would continue their half year financial routine by paying interim dividend

Please kindly tell me the details on how to move my stock from investment one to Morgan.... Thanks

I need to do that ASAP

Am waiting Sir

Elai147:
I moved my portfolio from Meristem to MorganCapital, and merged it with my old Morgan account. It was a very good decision, and I have been very happy. Meristem has a very good customer service, but Man shall not live by bread alone. If the iTrade platform is functioning well, you may not need any customer service.

Please kindly tell me the details on how to move my stock from investment one to Morgan.... Thanks

I need to do that ASAP

Am waiting Sir

Please why is vitafoam going south south....to discover oil

Should I enter now for short term

Copy...Godisfaithful
Angeloe
Coolcash
Feelamong
Manie
Intendy
I help

Etc

Coolcash1:
If you miss Wapco bus yesterday here is another opportunity...Hurry before final take off of the bus and leave all these newbies stocks alone...

Please any good news...am in the bus already

DeRuggedProf:
You forgot to use this picture....

So you know this moniker guy...I thought am the only one that know is Sir PeterRichie .. Or peterpooriee

My oga Chuks and Tritri.....una weldone... Wasting your energy in calling your dirty names to proof points...that is not maturity....


Oga Tritri seems to be right in this argument in real investment point of view...end point....

In TB....your just trying to meet up with inflation rate, hence, why its better buying TB than leaving the ,money in your savings account....

I invest in TB, Bonds, MMF, Real Estate and Stocks......each has its own PERSONAL reasons I invest in them...

If your very good in stock exchange investment... You can gain up to 100% return...otherwise.... Minus100% return

I now make more returns in NSE... After loosing some money in my learning days...
With good entry point...you see your profit up to 100% in weeks during bullish period.....insider info always beneficial


Make we de overtake inflation small small with NTB.....high TB rates and inflation rates are negative to our economy..

Thanks


Make una no talk sey I no sabi economics as I no study am for school

Chukzyfcb:
not true bro regarding Government....Government are the biggest gainers when it comes to devaluation. This was why I often told people that if Buhari refused to devalue the naira , he shouldn't be criticised because his govt would benefit much from it. So he refusing it means starving his govt of possible wealth.
Govt still export oil which can be used to servive debt plus selling 1 barrel of oil means extra money when brought back to nigeria because the dollar exchange rate is higher. Investors wanting to leave 9ja will need to part with more naira, gifting the govt more money. Mehn the advantage for them is humongous. I dnt see why you say govt will find it hard, they are the biggest gainers in the devaluation game

What of FGN servicing external debts in dollars??

9free:
JBerger
Dangote Cement
CCNN

Please oga..why wapco no follow.... na their sin worse pass

OptimistGenius:
Hello guys, I'm a newbie here and learning fast! Please does anyone in the house know what's going on with transcorp? I've done my DD, it doesn't look like it's doing as well as last year (fundamentally) but it's not like the company is dying or anything. As far as I can observe the so-called fall in book value is minimal. Yet it's been losing back to back for the past 10 days straight! Am I missing something?? Its really making me doubt myself.

I think men in blacks are taking position by dragging the price down....

PANIC SELLING EVERYWHERE YOU GO


MAKE UNA SELL UCAP,ZB,AFRIPRUD, UBA FOR ME NA


BE GREEDY WHILE OTHERS ARE FEARFUL......

Mpeace:
I wish you the same. Perpertual poverty is when you see a sinking ship and still choose to board with all you have. A company with liability of more than N400billion to be paid within 5 years, record yearly and impairment loses. Or do you think Buhari will still be in power or in good terms with the tinubus when creditors come for their money at the end of the day?

Oga Mpeace... Easyoooo

Locodemy just want rally for oando for about 2 days so that he can take his loot and run away.....I know how sweet it is when you enter a bus at the car park and men in black drove it at 180km/hr......you see your money grow like grass on daily basis.....I enjoyed the ride with Transcorp 3 weeks ago..

Caveat... Jump out of oando when you reach your bus-stop....otherwise....

......greed is not good all the time..



You guys should not fight in this forum...

We all will make money this year...Relax

We are BNSITL

Naawaaaaoooo

People the mop-up skyebank today....they get heart like arsenal fans....no result yet and people the mopp up..

NSE... The more you look, the less you see..

Chaiiii

feelamong:
Breaking: Lafarge Africa issues profit warning. Says naira "devaluation" may lead to N28bn unrealised exchange loss relating to $ loans

Make lafarge drop to N15.00 make I load am. .......

What of dang cement....no profit warning

If your in oando bus....please drop....oooo

Many dumpings will start by 2pm today....

My friend don drop his own runooooo

Intendy:
bro I believe u meant there are still many fundamentally sound stocks BUT overpriced from your perspective.

we have over 250 stocks listed on the exchange and around 50 with good fundamentals and 30 of the 50 with also good cooperate governance.
though numbers change from time to time.

My oga intendy...

Please name 20 of those good companies so that newbies like us will know them...

Thanks

Godisfaithful:
You said it right sir! "...and after 2 or 3 days of taken south (offer), the shark will return it back to north (bid)". That's the cycle of the stock market especially in NSE. Well, let them released the worst 2015 audited result, fair Q1 and somehow good Q2 and see the beauty of stock market...lol


Please for the sake of God, this is not a recommendation. It is just my opinion!

In stock market, "No permanent friend or enemy, just permanent interest"! Waiting for Skye at a nice entry price lol

@ oga Godisfaithful.... Good entry point...you get mind..oooohhhh........

Please is wapco cement company going down....


I want to know so that I can Jo on time... What is the future looking like in lafarge wapco cement...I just chop their dividend,but I don't know why the share price is going down (south-south) to discover Niger Delta oil....

Please advise meooooh

We are BNSITL

Cc...

Megainvest
Born2berich
Feelamong
Godisfaithful
Angeloe
Locodemy
Manie
Mercelicious
Etc

Thank God I Jo of skyebank at N1.12

OANDO...BULL TRAP...I due laugh when massive dumping go start...

DD...applied

What is the bulls behind REDSTAREX share.....Dividend ..,,,??

feelamong:
Madam no come spoil market for us wey set trap for N3.05 o!

Oga feelamong.... You Don spoil market for us FBNH at N2.85.....why na?

debeey87:
An excerpt from Union Dicon Result

Chai......

debeey87:
An excerpt from Union Dicon Result

Chain......

locodemy:
pls who is that gudlyguy?

He sounds like sir Peterichie.....

http://www.vanguardngr.com/2016/06/late-publication-accounts-cbn-sack-banks-ceos-chairmen/


Skyebank... Release our results oooooooooooo