₦airaland Forum

CardinalStone Stockbrokers minimum opening amount is 50K. Same with topups

Ginalex:
yes sir. Worked there for over 4 years before leaving

I think the actual beer parlour argument is judging Nigerian potential with just oil. Check what number Nigeria is among nations with arable land

Namaster:
These are BEER PARLOUR arguments that have NO business in a thread like this.

Gaddafi's Libya had a population of less than 3 Million at the start of his reign (over 95% of Nigerian states have more than that).

At the end of his reign, the population was about 6 Million (Nearly 50% or around 17 states have more people than that).

Yet Libya has MORE oil than Nigeria.

The UAE has 10.88 Million people with 300% of Nigeria's oil reserves.
UAE is using 3X the oil resources of Nigeria to take care of 5% of the population of Nigeria.

Plus, these countries are both DICTATORSHIPS with Leaders who CANNOT be challenged.

They've had leaders who can pursue their VISIONS single-mindedly and take as long as NECESSARY to execute it.

They did NOT have to deal with a CHAIN of politicians with their own unique and DIVERGING solutions to the problems of their countries.

ONE person with UNQUESTIONABLE authority given enough time and RESOURCES can achieve WONDERFUL things.

UNIFORMITY of purpose and CONTINUITY of execution is not a joke.

Nigeria on the other hand have had to DEAL with DIFFERENT people in leadership with their own blend of leadership.
With people who ABANDON what the previous leader started to start their OWN thing so they can be KNOWN for that.

Point is:

There is ZERO parallel between Nigeria and those countries you mentioned.

They are both RICHER than Nigeria in terms of oil and far SMALLER in terms of population.

Understanding why their situation is/was different (or BETTER) is common sense.

True.
18+ billion shares against 5ish billion for Nem and Custodian, chai.
If compressed to 5 billion, Linkage is about 6 naira, still undervalued??

Streetinvestor2:
3The OS is high to achieve such target

Linkage Assurance surely?
Their holding in Stanbic IBTC Pensions Fund alone is a massive cash cow. What can go wrong?

Streetinvestor2:
Just like I and nosa missed the Messiah in nem insurance. I have few million units in some of them as I hope for nem magic to happen in any.I have refused to sell too.I sold nem @ #2 for the thing to move gradually to above #30.
I must get one insurance stock right

Linkage Assurance surely?
Their holding in Stanbic IBTC Pensions Fund alone is a massive cash cow. What can go wrong?
[quote author=Streetinvestor2 post=139288308][/quote]

You need 1 billion plus 5.6 billion shares to take over UBA sha

olaremint:
People will sell up to 1 billion shares except they don’t up to that
This is when a smart ote can move in , mop up all the shares and take over the company

Why wasn't MTN punished for paying 15 naira?

Digitron:
As it should be. A N150 stock should not be paying N6.5 from an EPS of 23.

Anything short of regime change is considered a loss even among US leadership/analysts.
They are looking for a way to end the war and claim victory. And save face.
And anything Israel target in Iran to destroy, Iran will retaliate in the Gulf countries and the pressure will be on America so it will be foolish for the US to permit a Gaza-kind of attacks in Iran and it's not like the ammunition are cheap to replace

mikeapollo:
How has US ''lost'' the war?
The US is trying to avoid bombing and destroying everything in Iran, because it would affect the innocent civilians (who even protested against the Ayatollah regime), and also affect the global oil prices. If not for US restraint, Israel would have destroyed all the oil, power, water, and other economic infrastructure in Iran.
The problem that US has is Donald Trump himself, because he talks too much and is inconsistent and unstable. Some of the things he says are totally unnecessary and unpresidential, and that is what Iran is taking advantage of

So contradicting your point is toxicity? Na wah o

Shalom428:
Qatar EnergyCEO already said it will take 3 - 5 years to return to back to full capacity after Iran attack wiped out 17% LNG

Some of you just come here to attack people without any basis. So many toxicity on this forum lately. Make I leave this place for una

Take years? Do you think these guys are run by NNPC?

Shalom428:
With refineries getting blown up in the middle East, it's looks like Dangote Refinery will be a very good stock to invest in short to medium term. Most of the blown up refineries will take years to get fully operational.

Follow The Money

CBN exists all national banks be public to aid transparency

opadiya:
Oga Mega, what if Providus Bank ends up as a private company? Well, a pay off can be an inheritance too.

Private placements are usually costlier than public offers/listings

mikeapollo:
Private placement at N8.00 per share!
This probably indicates that listing would not be less than N8.

CardinalStone sent my CSCS number within days of signing up.
Stanbic didn't get back to me for nearly two years now.
So, it's a broker's issues. And even a slow broker shouldn't normally take 3 months. They can just try another broker. Imagine if I was waiting for Stanbic to come through for me?

Audacius:
Please, how long does it typically take to get CSCS registration done by stockbrokers. ARM has been on CSCS registration for someone I introduced to them for so long. To even open account and get kyc done was a hurdle. Been on the whole process for over 3 months. Is it that opening new accounts is made more difficult by regulatory requirements or this particular stockbroker has had enough clients and can't take more. Mails yield nothing beyond how deeply sorry they are.

Fortis Global Insurance with more hype became available at 72/79 kobo but Staco won't be available till 2 naira?

Odiegwu

Stockpromoter:
Meet your broker.
I got 3 million units of fortis from one broker during technical suspension at 50kobo before it was lifted.

If you can get staco at 90-1.00 from brokers now it is still on suspension,the better for you.
Staco will not be available till N2 junction when lifted

You are right. It is historical laziness, even dubious, to refer to Palestinians as the Philistines

IamR:
This is not true. They are two different peoples. Palestinians are Arabs.

Now that suspension and manipulation are trending, is there any lesson(s) for holders of Fortis Global Insurance shares?

ABC Transport which released a strong FYE statement with profit up by 121% cannot be, in any way, mentioned in the same breath as gambling biko

ppogba:
If Japaul is gambling then what is DAAR that has presumably bought CNN or ABC Transport that has acquired Ethiopian Airlines as part of it's fleet?

A lot of old Unity Banks shares converted into Providus-Unity Bank shares (17 for 18) will be available for public trade hence the listing by introduction being a strong possibility.

The good news is that there are more than 4 billion of these shares. Assuming that half of old Unity Bank shareholders didn't opt for cash, even listing by introduction will start with at least 2 billion retail shares meaning we may not lack sellers on Day 1

mikeapollo:
I had the same concern about possible listing by introduction but hardly has any bank done so since the 2004 banking and capital market reforms. Let's wait and see what happens

I hope they don't do List by Introduction o. That one will be hard to buy until substantial rise in price. My prayer is that they do the traditional public offer

megawealth01:
Reduce the volume broMy prayer my broker will be able to help me with the mandate I have dropped with them to increase my stake in UNITY BANK on the day one of their listing as whatever name they choose... That's the only entity I want to be heavily loaded in as long as the banking sector is concerned. UNITY BANK will end up being the bank I have the highest volume of shares

Minimum initial deposit for CardinalStone is 50K. Same with subsequent top ups. Their total charges is about 1.46%. And that CS Alpha doesn't work for every phone. Google Play clearly tells me, "This app won't work for your device."

essentialone:
CardinalStone Stock Brokers (specifically CardinalStone Securities Limited) has a self-trading app similar to Afrinvest. It is known as "CS Alpha" (you can download it now), which allows users to directly manage their investment portfolios, trade in stocks, and invest in fixed income securities. They also have an online trading portal called TradeDirect.

Here are the details regarding their platforms and fee structure:

CardinalStone Self-Trading Platforms:

CS Alpha App: A one-stop mobile app for Android and iOS that provides remote access to trade stocks, view portfolios, update KYC, and manage investments.

TradeDirect: An online web-based platform for real-time, direct market access to the Nigerian Exchange (NGX).

Yochaa: CardinalStone Securities also powers the Yochaa platform for trading.

Buy and Sell Commission Fees (Percentage):

Brokerage Commission: CardinalStone charges a broker commission of 1.00% of the consideration for stockbroking transactions.

Total Transaction Cost (Estimated): While the base brokerage commission is 1%, total transaction costs (including NSE fees, CSCS fees, and Stamp Duty) can bring the total, especially on the sell side, to around 1.675% + ₦4.00 per transaction.

Note: For comparison, the top 10 brokers in Nigeria often charge in the range of 1.35% up to 1.675% for full-service, though some may offer lower rates for higher volumes.

Key Details:

Minimum Initial Deposit: ₦1,000,000.00.

Account Setup: Online, with 24-hour setup upon submission of documents.

Rule 11 of NGX Market Model and Trading Manual - Equities states that "The minimum quantity traded that will change published price of an equity security is as follows: Minimum Quantity - 100,000."

As for Zichis, I don't know why it's showing no trades but official daily log says that it's been selling millions of units per day, more than 2 million units were sold yesterday February 4th.

isaacosas01:
Explain this rule, i bided for Zichis at market price for days and bids was never filled, i saw no trade and Zichis kept going up with FULL BID.

I hope hoarders of Fortis Global Insurance stocks are aware that price will never go up to their dream 1/2/5/etc naira except there is the sale of at least 100k units bought as a single trade per day?
Because haba!

I noticed that. Seems every "expert" is doing "expert" for their own band wagon. SMH

jonnysessy:
Everybody is promoting stocks in their portfolio on this thread so that others who are probably on the fence can join. I will advice you do your due diligence before committing your hard earned money into any stock. Cash is king

A stock cannot grow or lose more than 10% a day. Since TIP grows in a multiple of 5 kobo (being above 5 naira for a while now) 16.40 while not exactly 10% is the highest it go sell for the day (rounded down to the nearest 5 kobo).

Since the price has reached its max, you should have used market order basically telling the exchange "sell to me at the highest offer possible" which cannot be more than 16.40.

deathwing:
Please why was my BUY order for TIP rejected even though it was higher than current price. Who rejected it? I don't yet fully understand how the order book works. Sometimes you see no offers but you can see trades ongoing at the same time.

No MTN? No agro stock? No consumer goods? No pharma?

Bonjovi13:
I be newbie. I buy Aradel, Seplat, FirstHoldco, access, zenith like 5M.
I hope say I do well?

Any news on Neimeth Board Meeting today?

iHaveMadeiT2:
This life no balance. This Chams was 20kobo about 4/5 years ago. Someone that packed 10 million units then at total cost of 2 million would have 50million today

No be to just drop 2K and pick up 10,000 shares of Dunlop? What can I lose?

Hello guys. I have been following this thread as a guest for a while. Great job!
Please advise on Neimeth. Is 11.10 a good entry/re-entry point or is profit-taking still in the air?

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