₦airaland Forum

Gurus in the house...

Should I buy a land 100x 50 ft in lokoja ,kogi state with community document at N250,000 only or I should invest the money in NSE

If NSE, WHICH STOCKS SHOULD I BUY NOW THAT WILL GIVE ME GOOD RETURNS IN 18 MONTHS TIME Or should I buy the land and sell it 18 months time

Advise please

Angelo, Ellai, manie, Godisfaithful, gbolahau, PeterRichie etc

What will be the effect of PMB not devaluing naira against foreign currencies to NSE?

PMB says he has dollars@197 naira for those that want to do real agricultural and solid mineral resources businesses, not for those importing rice and toothpicks... they should buy their dollars at any price like 1 naira to $400, PMB doesn't send them...

plendil:
when did he say that?

According to the budget, about NGN1T will come from domestic borrowing. And just how will they get the money if not increasing the TB rate? Is he going to point a gun at our heads and force us to lend?

This FGN is discouraging high interest rate for NTB and FGNBOND...

Despite the low rate now, people are still investing in this NTB/FGNBOND today....that is how FGN will still raise the 1Trillion naira from domestic borrowing...

When I listened to VICE PRESIDENT on channels TV 4weeks ago.... I understood what this govt is up to....discouraging people from investing in this govt financial securities, rather people should invest their money in the real business sector ,thereby stimulating the economy and employing more citizens...

Who are those saying that NTB returns are better than real estate investment

How market...

PMB is saying you should take your money to do real business... Am not interested in borrowing your money...

If you force PMB to borrow your money, you will give him at 3%(90days)or 5%(@365 days)

Nawaooo for this PMB govt...guys are not smilling

Gurus in the house....Hope the NTB will rise by February 2016?
My NTB will expire on 2nd week of February 2016

myjoy084:
Absolutely yes sir. The bank only needs your BVN and the name of those registrars. Your registrar might give you a call to confirm if you will like to change your bank mandate? Or they will just update your bank mandate via the portal with the new one submitted.

My joy,,,please will my registrars still require my stockbroker's/CSCS share transfer specimen signature before paying my dividend if I register my e-dividend via my bank?

Thanks

Elai147:
You can send the forms directly to the Registrars. It is not mandatory that your stockbrokers must sign the e-dividend forms. Just make sure you have your bank's stamp and signature on the forms before you send them to the Registrars (ensure you use a registered post).



If you purchased the shares via secondary market, you must ask your stockbrokers to process a share transfer form for each stock purchased. You will have to sign a portion of the form and send it back to your broker for processing. Ask your broker to email you the form and tell you exactly where to sign. Since you must process a share transfer form (via your broker) for each of these stocks, I would advise you to also process your e-dividend forms via your broker to make it easier for you. This means you will have to send both the e-dividend and share transfer forms to your broker. Alternatively, and to be on a safer side, send all e-dividend and share transfer forms to your broker to process for you, and also send another set of e-dividend forms directly to each of the Registrars. This way, the e-dividend forms will most likely get to the Registrars. In Naija, it is possible for you to send a post by registered mail and it will not get to its destination and will not be returned to you as undelivered (it has happened to me severally). This could explain why the registrars are yet to receive the e-dividend forms sent by your broker and it is also the reason I am advising you send forms to both the Registrars and your broker.



I am not sure of any bank that has commenced this. Don't waste your time waiting for a bank that may never adopt this e-DMMS system. Don't forget this is Naija. Banks hardly take CBN's warning serious on important issues let alone one e-DMMS portal thing.

Thanks oga Ella:

I just came back from work to see all your advice... Am grateful..
Just that am very busy now with work...
I will look into it again when am less busy

Elai147:
I had this same problem some time ago. What I did was to resend a new set of e-dividend forms to my broker as all the registrars confirmed they did not receive the e-dividend forms sent by my broker. If you're based in naija just fill a new set of e-dividend forms and take them to your bank for endorsement. If your bank has commenced the implementation of e-DMMS, you can register through the bank, otherwise send a new set of forms to your brokers or directly to the registrars.

Thanks Oga Elai...

I would have liked to send them to the registrars directly but there is a space for your stockbroker stamp in the e-dividend/bonuse mandate forms...hence, the reason I go through my stockbroker-investment one. Can the registrar accept the e-dividend form without the stockbroker stamp/endorsement?

Please APR said my stockbroker should send CSCS purchase transfer form...please what is that
Am far away Lagos state

Please I don't know which banks that have commenced the e-DMMS portal system?
... My STANBIC bank is yet to commence it.

Thanks my Ogas as you guys help me out...it is discouraging me from investing in NSE as am yet to see my UBA/Nigeria Brewery interim dividend warrant since I don't have e-dividend mandate with the registrars..

ukay2:
Thanks myjoy and Angelo...

This e-dividend mandate system,

1.does it mean share transform form from registrars will not be needed by my bank?

3.. Doest it also cover for e-bonuses mandates...?

4. How long will my registrars be notify about my e-dividend mandate from my bank?

Thanks for your answers...

I will go to my bank for enquiry about this e-dividend mandate system..

I went to my bank(Stanbic)this morning and I was told they have not gotten any information on e-dividend mandate forms portal system, except I give them my registrars mandate form for them to endorse and I will take it back to my various registrars.....

Has any one done this new SEC e-dividend mandate form via banks

Cc: my joy, angelo08, Elai etc

Thanks myjoy and Angelo...

This e-dividend mandate system,

1.does it mean share transform form from registrars will not be needed by my bank?

3.. Doest it also cover for e-bonuses mandates...?

4. How long will my registrars be notify about my e-dividend mandate from my bank?

Thanks for your answers...

I will go to my bank for enquiry about this e-dividend mandate system..

Please who will help me with this problem:

My stockbroker-INVESTMENT ONE FINANCIAL SERVICES LTD is discouraging me from investing in NSE...

All my e-dividend and e-bonuses mandate forms are yet to get to my registrars....
Documents I sent to my registrars via my stockbroker are yet to get to them after 2 months...
All my registrars: First registrar, Africa Prudential registrar ,flourmills registrar and cardinal stone registrars are yet to get my e.mandate forms....

Please who has contact of any person that can help me in INVESTMENT ONE FINANCIAL SERVICES LTD to help me sort out this problem.

My account officer is not helping matter at all...He keeps telling me that he has sent the documents and the registrars are saying they are yet to receive the mandate forms from CSCS , that my broker should send an acknowledged copy of submitting it to CSCS office, which my account officer and customer care are not helping matter...

I need serious quick help

Cc: my joy' angelo8, angry bulls,Ellai4, feelamong, etc

Guinness dividend alert...Na Godwin. Ooh

mystockyear:
Please who has seen UBA INTERIM DIVIDEND WARRANT SLIP

My brother....the thing tired me oooh
I Don check my p.o.box tired I no see am..
APR not helping matter...said I should wait for it.

My oga, make una help us talk to them to send our 2015 UBA dividend warrant

My joy, Angelo8, gbolahol, Elai etc

myjoy084:
Sir, you should wait for the close of business day today or tomorrow if only you have your filled e-dividend mandates with Guinness registrar before you contact them.

Thanks... I have e-dividend mandate with the Guinness registrar

PLEASE HAS ANYBODY GOTTEN ALERT FROM GUINESS DIVIDEND PAYMENT?

AM YET TO GET AN ALERT...PAYMENT DAY 27-11-2015

Cc:
MyjoyO8
Angeloe

Etc

Thanks

johnpalmer774:
God Bless you for this Wonderful comments but please i need you to help me out with this issue because am totally confused here though am not a Law student but i have little knowledge about Law...........Does any of our Constitution both electorate act and 1999 constitution mandated a Political Party to choose a runner up to the Winner of any Primaries in case of any Substitution like this occur or does it just Mandated Political Party to choose whoever they want the reasons for asking now is because the person that came second in that Primaries is Yayale Bello and his not from Igala and according to the Popular saying in Kogi now those Igalas still want an igala man to replace audu but if APC went ahead to choose an igala man who does not participate in the Primaries or participated but does not come second don't u think Yayale Bello might head to court to seek court interpretation on the issue and if the Party also decide to elevate his deputy to that Post don't u think one one of those that contested the primaries might head to court as well and arguer that Faleke never contested party Primaries but as it stand now my only suggestion is for APC to arrange another Primaries only if the Law allow it.

There is nothing like another primary for APC because NO COURT NULLIFIED the first primary election...

Tinubu/APC should swallow the bitter truths:
1. Alhaji Yahahya Bello/James Faleke
OR
2. NewAPC Primary with FRESH KOGI GENERAL ELECTION of which PDP/WADA may win....


Remember am APC member ....

PETERiCHY:
@ Locodemy instead of January invest in sound stocks between Dec 22nd and 24th. Thank me later.

Oga Peterrichy....Like which ones are 3 sound stocks to buy for good ROI?

Thanks my Oga...Earnie and Carpenter

carpenter:
Gbabeski!

On a side note, for those who have money in bank accounts. The MPR also determines the interest rate your banks offer you. Interest rates should be a minimum of 30% of the MPR and mosts banks will offer the minimum.

Please my oga carpenter,

Explain in clear terms the meaning of MPR and how it affects money market and bank interest rates.

Thanks

manie:
He should subscribe to CSCS Online, it cost 2500 per annum or 10k for 5 years.

Please what are the IMPORTANCE OF OPENING ONLINE CSCS ACCOUNT?

THANKS

angrybull:
It is important that a single investor should maintain only one CHN but different investors account with individual stockbroker there is nothing wrong with that. In that case your stock holdings should be synchronised and made to reflect in your CSCS account. For other questions I believed Carpenter was right on them.

But My oga Angry bull...

Does it mean that having Single CHN but different CSCS account with different stockbroker, ALL my total portfolios in the different stockbrokers will be seen as ONE?

carpenter:
This is based on personal experience.

1. If you gave your CSCS number to the new broker, stocks with the different brokers will be in the same CSCS account. If you did not and they have no way of knowing it is the same person (sometimes records might show you are the same person, maybe they can match addresses and other details you filled), they will open another CSCS account for you.

2. Dividends and bonuses will be treated as the registrar deems fit. I have two accounts with the same broker and own FBN shares and Julius Berger.
a. FBN shares are treated by FirstRegistrars seperately and I receive 2 dividend warrants, bonuses accrued to each account based on number of units is deposited seperately.
b. Julius Berger (GTL registrars), recognises these shares are owned by the same person. I receive a combined divided warrant and bonus is lumped in one of the accounts.
c. I have shares of the same company with 2 different brokers, in fact one has less than 800 units. I receive a combined dividend and bonuses in only one of the accounts.

I am okay with any approach as long as all that is due to me gets to me, so I have not bothered to complain to any of them.


3. If i were you, I will fill all the Units I have and indicate with which stock broker...you can also ask for clarification when submitting the form. It is the same registrar so they can work things out however you want them.

4. For simplicity, better to keep one CSCS number but no harm in having two also if you want the two accounts seperate.

Thanks my oga Carpenter...

My new stockbroker... Morgan capital... Wants to open a new CSCS account but with same CHN number...I don't know the implications of this action?

ukay2:
THANKS MY OGAS.....Angry bull, mercylicious, others too many to mention

Please I need answer for these questions


If I have some units of FBNH , UBA etc with One stockbroker, and I changed my stockbroker to another stockbroker but retain some units with the old stockbroker.....If I decide to buy units of FBNH,UBA etc with my new stockbroker

My questions are....
1.How will my total unit of shares in FBNH,UBA etc be ratify by the CSCS and the different Registrars?

2. How will my dividend and bonuses be paid knowing I have different stockbrokers?

3. If I want to fill an e-dividend mandate and e-bonuses forms...how many units of shares should I fill ,knowing I have different units in different stockbrokers?


4. Do I need to open a new CSCS account or I should use the former CSCS account?

Thanks for answering my 1-4 questions .

Am waiting patiently for your answers.

Please my oga/bnsitl, I am still expecting the answers to these question..

THANKS MY OGAS.....Angry bull, mercylicious, others too many to mention

Please I need answer for these questions


If I have some units of FBNH , UBA etc with One stockbroker, and I changed my stockbroker to another stockbroker but retain some units with the old stockbroker.....If I decide to buy units of FBNH,UBA etc with my new stockbroker

My questions are....
1.How will my total unit of shares in FBNH,UBA etc be ratify by the CSCS and the different Registrars?

2. How will my dividend and bonuses be paid knowing I have different stockbrokers?

3. If I want to fill an e-dividend mandate and e-bonuses forms...how many units of shares should I fill ,knowing I have different units in different stockbrokers?


4. Do I need to open a new CSCS account or I should use the former CSCS account?

Thanks for answering my 1-4 questions .

Am waiting patiently for your answers.

angrybull:
I think he gave you valid answers to the question but it is good you will also know that every stockbroker has its own difficulties and challenges. personally, I think Morgan services is very good in comparison to their moderate commission.

I will not advise you to initiate share transfer from your other stockbroker to new one in case you want to do it. The host stock broker will frustrate all your efforts in attempt to transfer your shares. It is better you sell your shares in your host stockbroker account and use the proceed to purchase shares with new stockbroker after you must have opened your account. In this way, you have peace and reduce stress.

Thanks for your brotherly advise. I really apprrciate..

But won't SEC/NSE sanction the stockbroker for not allowing me to do share transfer to my to be new stockbroker?

I think after selling my shares, I will ask them to redeem the proceeds to my bank account from there, I will buy another share from the new stock broker I will soon Chang to.

angrybull:
Skye bank to pay 4b naira fine

Less than two weeks after it sanctioned two major banks for flouting Federal Government directives on Treasury Single Account, the Central Bank of Nigeria (CBN) has  imposed a fine of N4 billion on Skye Bank for concealing funds belonging to Ministries, Departments and Agencies (MDAs).

http://www.thisdaylive.com/articles/tsa-cbn-fines-skye-bank-n4bn-for-concealing-mdas-funds/225038/

Please my oga Angry bull,

Kindly reply some of my questions I put up (above) concerning Morgan stockbroker

angrybull:
@ukay2
Pls kindly refer to page 903 of this forum as it will give you the desired information to make an informed decision regarding your stockbroker.

Thanks my oga angry bull...

I won't buy anymore share until I port to Morgan capital...

What is the total duration to open account with them assuming I have all the documents ready....?

Hope they usage quick services?

What is Morgan capital major and common problem/challenge?

Hope my portfolios with investment one stockbroker will be transfer to Morgan capital stockbroker after opening the account?

Please I need prompt answer....

Thank you.

My oga....

I just found out my stock broker (INVESTMENT ONE)charges me high on buying stocks...

Buying @1.35%
Contract stamp @ 0.075%
Selling. @... yet to sell

My question is is that what other stock brokers charge??

Please Oga in this forum educate me ooo..I need advise on this...

I need serious info to know if I will change my broker to other cheaper rates changing brokers...

Thanks

feelamong:
Bros we no sabi o!

I think its a deliberate policy by the CBN to force down interest rates so that banks could lend to businesses; considering the facts that we are now staring at 2 qtrs. of negative GDP growth and that will only mean recession.

but on a personal note I think as soon as the govt of PMB starts making fiscal expenses, CBN will have no option but to mop up the excess liquidity in the system..

So my oga @ the TOP...

So one should go into Stock exchange market for now...

Which 3 stocks will likely give a good return of investment in the short and medium term so that I can make some personal research and probably purchase them with my small liquidity...

feelamong:
FGN bonds are also suffering from the same excess liquidity issues. Yields have been dropping massively there.

But if you are willing to go long....4 - 15 years its yields are still better than what we see in Tbills now.

There is primary auction for FGN bonds on the 11th of this month. Talk to your bankers or investment advisers if you are interested.

Please my oga feelamong...

When will these excess liquidity dry up for us to enjoy our high interest rates?...

My two NTB expire February and September 2016...bought them at high interest rates then.

PETERiCHY:
[http://www.nse.com.ng/Financial_NewsDocs/11318_FLOUR_MILLS_OF_NIG_Q2_SEPT_2015_FINANCIAL_STATEMENTS_OCTOBER_2015.pdf]

PBT=N24 billion
EPS =900kobo.

Making us Proud

Ogas
peterRichy.
Manie
Angeloe
Angry bulls
Agba
Stockbull
Chibukings
Godisfaithul(myjoy)
Others i forgot to mention


please am not a financial analyst guru....

1.What are the meaning of PBT and EPS and how do they tell whether a company is doing well or not.
2. I do not understand Most financial statements of companies, what are the parameters to look out for to know a company is doing well or not?

Please I need a layman's understanding of most financial statements of companies.

Thanks.

angelo82:
You can request for a detailed receipts of your dividends..........You don't need any calculation from here.............

Is it from the registrar?