I will recommend Meristem Stockbroking to you, you can thank me later. 08178192374

bigsmoke2:
Pls am a novice inherited very large volume of stocks but the value is fast dropping. I've approached a number of brokage firms who all become desperate once they sight my dematerializaton form. only excepton was ibtc but they require 5millon cash deposit to trade with them. even though my stock is worth way more than that. All others have been disturbing me with calls and messages. I just need general advice from gurus in the house. I've read a lot of scaring things about stock broking world such as unauthorized sales of shares etc. From my deduction one needs to thread with caution in the broking world. So as not to loose all that money. A firm billed me 10% for indemnity in an attempt to make so much money from my stocks while ibtc only asked for 1% of stock value Kindly advise me so I don't jump in bed with a crafty brokage firm. Also can I open multiple accounts account with different brokage firms just like bank account or I can only move my account from one firm to another like pension.

Krisuba:


2Baba Joins Nigerian Stock Exchange
https://businesspost.ng/2019/08/07/2baba-joins-nigerian-stock-exchange/

Is he d long awaited Messiah??

What is he coming to do? Abi dem wan begin dance reggae for nse floor?
After the reggae comes the blues.......... I do I do

bigsmoke2:
Pls am a novice inherited very large volume of stocks but the value is fast dropping. I've approached a number of brokage firms who all become desperate once they sight my dematerializaton form. only excepton was ibtc but they require 5millon cash deposit to trade with them. even though my stock is worth way more than that. All others have been disturbing me with calls and messages. I just need general advice from gurus in the house. I've read a lot of scaring things about stock broking world such as unauthorized sales of shares etc. From my deduction one needs to thread with caution in the broking world. So as not to loose all that money. A firm billed me 10% for indemnity in an attempt to make so much money from my stocks while ibtc only asked for 1% of stock value Kindly advise me so I don't jump in bed with a crafty brokage firm. Also can I open multiple accounts account with different brokage firms just like bank account or I can only move my account from one firm to another like pension.

Agbalowomeri:


IMO I think you should first open account with any regular stockbroking firm like a normal client. Meristem will only require an initial 10,000. United capital appeared to ask for 250k at some point for starters but there are so many good stockbroking firm out there. And the time to fear stockbrokers is gone once you open an account with the prominent ones. Other people may suggest additional names.

Also, I am not aware of any charges for indemnity. United capital charged me 500 naira flat on any certificate irrespective of the worth of the stock. So, I think it is wrong to charge in percentage. Only when you ask the stock to be sold would they ask for commission.

I will also suggest that after dematerialisation you may wish to hold the stocks for now, especially if they are dividend paying stocks; there is no point selling them at half or 30% of what they are worth. The market will still pick up someday.

Lastly, try and visit the registrar for each company and process the e-dividend mandate. You never know how much they may be owing you in accumulated dividend.

Cheers!

In addition to Agba's advise, you will most likely require a Letter of Administration empowering you as the beneficiary to perfect transfer of ownership since it is an inheritance.

OakPearl:





In addition to Agba's advise, you will most likely require a Letter of Administration empowering you as the beneficiary to perfect transfer of ownership since it is an inheritance.

In all, you can also try Meristem Registrar and Probate services Ltd, they can help you in getting the letter of administration and other documents required for easy transmission of shares/ownership. 08178192374 (you can give me a call)

bigsmoke2:
Pls am a novice inherited very large volume of stocks but the value is fast dropping. I've approached a number of brokage firms who all become desperate once they sight my dematerializaton form. only excepton was ibtc but they require 5millon cash deposit to trade with them. even though my stock is worth way more than that. All others have been disturbing me with calls and messages. I just need general advice from gurus in the house. I've read a lot of scaring things about stock broking world such as unauthorized sales of shares etc. From my deduction one needs to thread with caution in the broking world. So as not to loose all that money. A firm billed me 10% for indemnity in an attempt to make so much money from my stocks while ibtc only asked for 1% of stock value Kindly advise me so I don't jump in bed with a crafty brokage firm. Also can I open multiple accounts account with different brokage firms just like bank account or I can only move my account from one firm to another like pension.

You can try FSDH Securities. They are reputable or Lead Capital.

Agbalowomeri:
What is he coming to do? Abi dem wan begin dance reggae for nse floor?
After the reggae comes the blues.......... I do I do

Lmao. Its Parry time in NSE. Na to dey put on our dancing shoes when coming to market now.

All of you skipping Morgan Capital when you read "large volume of stocks" , Una well done o.
Morgan too can handle it and they have knowledgeable and very active staff members now. "Na from clap we dey enter dance" .......in meshpips handwriting. They'll become great too, na little by little.

Cc: @bigsmoke2

Stocks with new 52 week lows
Fbnh #5.15k
Zenith Bank #17.75k
Dangote cement #165.00k
Jaiz bank #0.38k
GTB spotted but rallied back.

Mcy56:
All of you skipping Morgan Capital when you read "large volume of stocks" , Una well done o.
Morgan too can handle it and they have knowledgeable and very active staff members now. "Na from clap we dey enter dance" .......in meshpips handwriting. They'll become great too, na little by little.

So you get eagles eyes

Intendy:
Stocks with new 52 week lows

Fbnh #5.15k

Zenith Bank #17.75k

Dangote cement #165.00k

Jaiz bank #0.38k

GTB spotted but rallied back.

Na Sept the rhumba dance go enter melody

tritritri:
Seems ur missing her? u shd av her digit to ring her once a while.

Someone who chose to be my 'official enemy' online? Abeg I no do. I have clean minds towards her but she doesn't know or value that.
Guess it's high time I stopped mentioning her self, after-all I've not read a single mention of her from those she called 'her own' here but na me and you dey ask of her.
No drag me to her talk again o.

Intendy:
Stocks with new 52 week lows

Fbnh #5.15k

Zenith Bank #17.75k

Dangote cement #165.00k

Jaiz bank #0.38k

GTB spotted but rallied back.

Las las e go join queue

Intendy:
Stocks with new 52 week lows

Fbnh #5.15k

Zenith Bank #17.75k

Dangote cement #165.00k

Jaiz bank #0.38k

GTB spotted but rallied back.

This list is so prompt bro.
Well done.
With the biggest masquerades now on this dreaded list, the bear is nearing its last bus stop.
No where else to go.
More like "he that is down needs fear no fall".
Average "downers" enjoy...bargain hunters its an early christmas.

Agbalowomeri:
Na Sept the rhumba dance go enter melody

Maybe that's why 2baba is coming. Chai! These people no go woundjure person finish for NSE.

Agbalowomeri:


So you get eagles eyes

Lol.
If it's small investors we recommend them, we have to give them the privilege of handling big ones too na.

Krisuba:


2Baba Joins Nigerian Stock Exchange
https://businesspost.ng/2019/08/07/2baba-joins-nigerian-stock-exchange/

Is he d long awaited Messiah??

..Tubaba / Ministers swearing in / US vs China trade war/ Fed rate cut etc ..One must bring mini- bull sha b4 end of the year

Jejebabs ..we won't stop buying till we sight the BULL ....Averaging down continues

Intendy:
Stocks with new 52 week lows

Fbnh #5.15k

Zenith Bank #17.75k

Dangote cement #165.00k

Jaiz bank #0.38k

GTB spotted but rallied back.

The dance may continue awhile for GTB, Dangcem & Zenith. FPI's are offloading...it's the PFA's that are supporting this oja right now.

lancee:





..Tubaba / Ministers swearing in / US vs China trade war/ Fed rate cut etc ..One must bring mini- bull sha b4 end of the year

Jejebabs ..we won't stop buying till we sight the BULL ....Averaging down continues

You forgot to add Brent which could break 50 soon Lol

735i:


The dance may continue awhile for GTB, Dangcem & Zenith. FPI's are offloading...it's the PFA's that are supporting this oja right now.

But Oga we don dey here d bolded since over two years now and NSE don do more trillions of turnover since den

The tin na bottomless pit? he no dey finish for the FPI hands?

just wondering ooo

Flour Mills Will Achieve 137.3% EPS Growth—Analysts
https://businesspost.ng/2019/08/07/flour-mills-will-achieve-137-3-eps-growth-analysts/

Agbalowomeri:


You forgot to add Brent which could break 50 soon Lol

chai na soo ..Na wahala be that oo if it happens

To make money na hardwork..I pray we don't go back to 2014/15

What is happening to Zenith Bank?

EKUU MKT O

oil @ almost £56 at d moment

we are in August and next month is Sept

otokx:
What is happening to Zenith Bank?

Village people dey look Jim eyeball to eyeball ooo!

Agbalowomeri:


You forgot to add Brent which could break 50 soon Lol

If this happens then it will favour money market investors as government would borrow more via tb and bond to finance her budget.

aremso:


If this happens then it will favour money market investors as government would borrow more via tb and bond to finance her budget.

Hopefully ..and devaluation must not happen orelse pple that invested from other side go hear am o ''Rates ''

Make the thing no wipe out person sweat

robobo:


But Oga we don dey here d bolded since over two years now and NSE don do more trillions of turnover since den

The tin na bottomless pit? he no dey finish for the FPI hands?

just wondering ooo

I no know where you for dey hear your own own oh. This na intel from top brokers and analysis of activities in the I&E window..

https://community.oilprice.com/topic/7005-china-devalues-currency-to-lower-prices-to-counter-new-trump-tariffs-but-doesnt-help-here-is-why/
What direction will China devaluation of currency affect Nigeria economy, will it be negative or positive?

https://oilprice.com
This falling in crude oil price , call for concern, if oil price fall below 50 dollar per a barrel, that mean there will be fire on the mountain, because it will definitely affect Nigeria economy and stock exchange market. If crude oil price pick up this week and move back to above 60 dollar, that mean there is no cause for alarm, but if it keep on falling, and goes down below, dear friends cash will be the king, because part 2 of bonanza period will be loading. Naira will be facing another challenge of devaluation, because with lower amount of dollar that will be generating from sell of crude oil will force dollar to be scarce..

The best solution is to reduce the influence of dollar, by engaging in currency swap, and make other currency to same popularity like dollar, most especially in the international exchange market and transaction.

I pray for oil price to rise again.

Chibuking81:
https://community.oilprice.com/topic/7005-china-devalues-currency-to-lower-prices-to-counter-new-trump-tariffs-but-doesnt-help-here-is-why/
What direction will China devaluation of currency affect Nigeria economy, will it be negative or positive?

https://oilprice.com
This falling in crude oil price , call for concern, if oil price fall below 50 dollar per a barrel, that mean there will be fire on the mountain, because it will definitely affect Nigeria economy and stock exchange market. If crude oil price pick up this week and move back to above 60 dollar, that mean there is no cause for alarm, but if it keep on falling, and goes down below, dear friends cash will be the king, because part 2 of bonanza period will be loading. Naira will be facing another challenge of devaluation, because with lower amount of dollar that will be generating from sell of crude oil will force dollar to be scarce..

The best solution is to reduce the influence of dollar, by engaging in currency swap, and make other currency to same popularity like dollar, most especially in the international exchange market and transaction.

I pray for oil price to rise again.

I just came out of a rudimentary class on banking economics ......I must tell you that those guys that preach nse movement is tied to price of oil are not lying o....... Money get levels and hierarchy and the money that will rescue this market is still abroad......... Institutionally, the only wealth currently in Nigeria is Oil......Oil is tied closely to the Cbn, who in turn control the banks......the banks control every other thing in the economy..........



Men.....you best bet this period is to hold foreign currency......No body is coming here with oil price threatening to go below $50 dollar.........


Zenith my love just subbed #18.............with the China us trade war breaking new crescendo.......zenith must touch #12 by December..........

No local news will lift this market........