Jejebabaa:

Stock brokerage is not that profitable. Imagine Morgan capital despite making 3rd best broker by volume and 9th top broker by value with total value of 750,720,603.74 naira. At 0.5% brokerage fee amounts to just 3.75M naira for the month. They better have other source of income and not only this brokerage thing.

Also, in the data from the NSE, it was revealed that last month, Stanbic IBTC Stockbrokers was the best performing brokerage firm by the value of transactions it executed.

Shares worth N15.814 billion were bought and sold through the platform in April 2020,

Morgan Capital transacted N5.616 billion.

https://businesspost.ng/economy/morgan-capital-emerges-most-active-stockbroker-in-april/

Based on the report the value of transaction MORGAN CAPITAL did for the month of April was N5.6 billion and not N750m as you wrote.

rmx:


I thought 5.6billion was quoted for Morgan in the article

Yes, you are right.

PETERiCHY:


Also, in the data from the NSE, it was revealed that last month, Stanbic IBTC Stockbrokers was the best performing brokerage firm by the value of transactions it executed.

Shares worth N15.814 billion were bought and sold through the platform in April 2020,

Morgan Capital transacted N5.616 billion.

https://businesspost.ng/economy/morgan-capital-emerges-most-active-stockbroker-in-april/

Based on the report the value of transaction MORGAN CAPITAL did for the month of April was N5.6 billion and not N750m as you wrote.

My bad, i goofed. Thanks. You guys were right. That was for a week.

Jejebabaa:


This is the correct source http://www.nse.com.ng/dealing-members-site/Top%2010%20Broker%20Performance/April%202020/TOP%20TEN%20STOCKBROKERS%20FOR%20THE%20WEEK%20ENDED%2030-04-2020.pdf

Assuming this is for a week and the article was for a month transaction

Jejebabaa:


This is the correct source http://www.nse.com.ng/dealing-members-site/Top%2010%20Broker%20Performance/April%202020/TOP%20TEN%20STOCKBROKERS%20FOR%20THE%20WEEK%20ENDED%2030-04-2020.pdf

Baba Check well the date of what you post was were transaction made between April 27th and April 30th.2020 which equates to 4 trading days transaction.

PETERiCHY:


Baba Check well the date of what you post was were transaction made between April 27th and April 30th.2020 which equates to 4 trading days transaction.

I don check again boss, my eyes don dey dirty early Friday momo. Apologies for the error.

Jejebabaa:


I don check again boss, my eyes don dey dirty early Friday momo. Apologies for the error.

Over 28m on commission alone for April the month of lockdown

Baba don't you think it's high time you float one Stockbroking firm and create more jobs for your boys.

PETERiCHY:


Over 28m on commission alone for April the month of lockdown

Baba don't you think it's high time you float one Stockbroking firm and create more jobs for your boys.

Chei see money. What does it take to float a stockbroking house?

Dupeodus:



Now that we know the investors in the Private Placements, my view of AIICO has changed somewhat in favor of the company. I do believe that the current major owners, the Fajemirokuns have interests in Leapfrog but will not be the sole interest. That puts them in a conflict of interest situation in that any dilution of the interest of the existing shareholders of AIICO will benefit their own holdings in Leapfrog but will dilute their own existing share holdings in AIICO. They therefore have to execute a balancing act to optimize their own situation. Given that over the years, AIICO has deliberately understated it's profit to suppress it's share price and some of those profits are currently being reflected, the new shareholders should not be getting the proportion of the company indicated by the number of shares they currently hold. To explain this simply, the investment of the new shareholders that brought in their money in late December 2019 did not contribute to the profit of 2019 which is significant. As a matter of fact, the N3 billion from fair value on Treasury Certificates treated as other comprehensive income should be part of the pat because the related increase in insurance contract liabilities coming from the same lowering of interest rates have been deducted from the pat. Other insurance companies treat it this way. To this extent and to be fair to existing shareholders, the new investors should not only not participate in the dividends on the 2019 operations, the company should declare bonus issue consuming most of the 2019 comprehensive total profits to the old shareholders. I am encouraged by the fact that the old major shareholder is not the only new investor, so, they would want to protect their portion of the old interest which protects the old minority shareholders to some extent. However, I expect them to do some balancing act to enhance the value of their new investments which is still at a cost to the old minority shareholders.

Good points here. The company should be declaring a fat bonus to the old shareholders to balance this hug dilutive effect they've inflicted upon them.

PETERiCHY:


Over 28m on commission alone for April the month of lockdown

Baba don't you think it's high time you float one Stockbroking firm and create more jobs for your boys.

U be my chairman now, na u fit do dat one now. Pls let me know once u float it so i can apply as maiguard.

Who would believe ETI will touch 5 before the anointed FBNH

lmm4real:
Who would believe ETI will touch 5 before the anointed FBNH

I believe ohhhh. I don dey mop am since ohhh.

I believe something is fishy about ETI shares and what must that be �

Dupeodus:



Now that we know the investors in the Private Placements, my view of AIICO has changed somewhat in favor of the company. I do believe that the current major owners, the Fajemirokuns have interests in Leapfrog but will not be the sole interest. That puts them in a conflict of interest situation in that any dilution of the interest of the existing shareholders of AIICO will benefit their own holdings in Leapfrog but will dilute their own existing share holdings in AIICO. They therefore have to execute a balancing act to optimize their own situation. Given that over the years, AIICO has deliberately understated it's profit to suppress it's share price and some of those profits are currently being reflected, the new shareholders should not be getting the proportion of the company indicated by the number of shares they currently hold. To explain this simply, the investment of the new shareholders that brought in their money in late December 2019 did not contribute to the profit of 2019 which is significant. As a matter of fact, the N3 billion from fair value on Treasury Certificates treated as other comprehensive income should be part of the pat because the related increase in insurance contract liabilities coming from the same lowering of interest rates have been deducted from the pat. Other insurance companies treat it this way. To this extent and to be fair to existing shareholders, the new investors should not only not participate in the dividends on the 2019 operations, the company should declare bonus issue consuming most of the 2019 comprehensive total profits to the old shareholders. I am encouraged by the fact that the old major shareholder is not the only new investor, so, they would want to protect their portion of the old interest which protects the old minority shareholders to some extent. However, I expect them to do some balancing act to enhance the value of their new investments which is still at a cost to the old minority shareholders.

Please have you had a look at recent results of Mutual Benefits? There seems to be some action there recently.

Regarding to Morgan Capital, I can view the site on my mobile but can't execute trades. Has anybody been able to implement double click on their mobile phone?

Market methodology changed from the usual to shake and disorientate weak hands. Very interesting indeed, good times ahead!

ositadima1:
Regarding to Morgan Capital, I can view the site on my mobile but can't execute trades. Has anybody been able to implement double click on their mobile phone?

I don't understand your post, but I am using a mobile phone and have been able to do a lot on the platform today. Working fine from this end.

osheeey , Janitor. Send us small money make we follow you mop na, this mopping work too much for you alone, im a helper

daddymgg:



I believe ohhhh. I don dey mop am since ohhh.

jideflash:
osheeey , Janitor. Send us small money make we follow you mop na, this mopping work too much for you alone, im a helper

Oga Jide. How is our Caverton na. Hope the result and dividend will make sense. You are already an insider O.

make i go consult with the oracles. but i can i assure, so far, there is nothing to fear in the result. na the dividends we never know.

PharmAlfred:


Oga Jide. How is our Caverton na. Hope the result and dividend will make sense. You are already an insider O.

FBNH will soon start it's cross deals by 2.20pm

we the monitoring spirits of closing hour trades, will be there to look into their destiny/destination

Princkez:
FBNH will soon start it's cross deals by 2.20pm

jideflash:
we the monitoring spirits of closing hour trades, will be there to look into their destiny/destination

pls do you have any information on the sales of their insurance company and is there any possibility of special dividends from the sales

Hey guys how much do you have to have in your trading account to have a chat with your broker to reduce your charges... I use Afrinvest and I just realized how exorbitant their fees are... they charge 1.35% and I’m thinking of taking with them first and if they don’t budge I’ll move over to MorganCapital... I just want to see if they can reduce it for me say to 1% so I don’t have to deal with the stress of migrating and moving my shares then gradually I can think of moving to MorganCapital

lmm4real:


I don't understand your post, but I am using a mobile phone and have been able to do a lot on the platform today. Working fine from this end.

Ok, for example, on the market view tab, on my laptop I normally double click on any symbol to view bid and offer quantities for that symbol. I have tried to bring out same on my mobile phone without success.

Can you that on yours? How do you do it.

ositadima1:
Regarding to Morgan Capital, I can view the site on my mobile but can't execute trades. Has anybody been able to implement double click on their mobile phone?

Which mobile browser are u using?... Try Google Chrome.

gabscity:


Which mobile browser are u using?... Try Google Chrome.

Ok, for example, on the market view tab, on my laptop I normally double click on any symbol to view bid and offer quantities for that symbol. I have tried to bring out same on my mobile phone without success.

Can you do that on yours? How do you do it.

Note, I have chrome, puffin, Mozills, UC, and opera.

for meristem, its from 10m

ebuka1997:
Hey guys how much do you have to have in your trading account to have a chat with your broker to reduce your charges... I use Afrinvest and I just realized how exorbitant their fees are... they charge 1.35% and I’m thinking of taking with them first and if they don’t budge I’ll move over to MorganCapital... I just want to see if they can reduce it for me say to 1% so I don’t have to deal with the stress of migrating and moving my shares then gradually I can think of moving to MorganCapital

ebuka1997:
Hey guys how much do you have to have in your trading account to have a chat with your broker to reduce your charges... I use Afrinvest and I just realized how exorbitant their fees are... they charge 1.35% and I’m thinking of taking with them first and if they don’t budge I’ll move over to MorganCapital... I just want to see if they can reduce it for me say to 1% so I don’t have to deal with the stress of migrating and moving my shares then gradually I can think of moving to MorganCapital

I sold some shares today for the very first time (UACN, just above break-even , my little jijo funds was trapped for nearly one week and prices were heading south).

My observations are 0.91% for buying and 1.26% for selling. I use Morgan Capital.

na my senior ogas for here go sabi that one o, my tentacles havent reached the FBNH insider circle yet. but to me, fbnh is good buy, they are growing strongly, and the impairment charges that was dragging their profit all this years, is quite reasonable now. they also have a solid FX reserve. I no fear to load this one.

NB; Apply Due Diligence

Princkez:
pls do you have any information on the sales of their insurance company and is there any possibility of special dividends from the sales

jideflash:
for meristem, its from 10m

Unless they reduced it, it's from 20m.

oops, my bad. posted it here before

jideflash:
i have enjoyed trading with meritrade since 2013. Great customer service. But my issue with them is their charges, Too High.
after asking them for commission review, below is their BROKERAGE COMMISSION CONCESSION sent;

TURNOVER COMMISSION
5,000,000 –19,999,999 1.35%
20,000,000 – 99,999,999 1.00%
100,000,000 – 199,999,999 0.80%
200,000,000 – 299,999,999 0.60%
300,000,000 – 399,999,999 0.50%
400,000,000 – 499,999,999 0.40%
500,000,000 AND ABOVE 0.35%

I may have to port, which platform is reliable with the best rates?