enurayce:

Please i need response from u all ASAP.Whats the current lending rate in Nigeria and whats the total amount that i'll pay back for borrowing 1m for either 6months or i year.waiting for all your response.
thanks

Deoba:

I have Eurocomm securities as my broker.The company is efficient. The company takes order from on-line.I have been with this company since 5 years ago and i don't regret having Eurocomm as my brocker.I don't live in the country but i  buy and sell as if, i am living in Nigeria.I am happy with their services

bigjay01:

this is on the assumption that the price of Oceanic will remain static whilst other prices appreciate? Sounds like wishful thinking or pipe dream at best. Remember the quote "I have never met anyone who could predict the future trend of the market - except liars!!! Bernard Baruch"

invisible!:

if the abnormal happens like it did in the case of Oceanic

Are you considering taking loan in Nigeria for the purpose of stock trading?
Please be advised to have all your fundamentals checked properly before you venture into such a thing. If you look at the interests, most of your profit must have been eroded if at all. Look at my analysis:

Bank Interest= 23% PA
Broker(Buy/Sell) = 6% or 5.5% on cost
COT = 1% if I am coreect.
Total = correct 30%

From the above calculations, your growth must be above 31% before you can make any profit.
Although you might be lucky to grow your portfolio by more than 50% but you need to do your research very well.
Dont forget, if the market moves against you, you must still pay back the loan to the bank within the agreed time. If that time is exceeded, bank can sell all your stocks to recover their loan at any current price, your loss notwithstanding.
I am not trying to be pessimistic but I am just giving advice before you go into it. Here in the UK, things work differently. You can get a loan for 6-9% depending on your credit rating. So I am looking at it from UK point of view. Nigeria situation is different.

All the best for the future.

Pennywise:

@Princesege

Am not a financial expert (not by a long short) but I do know how to make money .If you have plans for a 3-6 month activity on the floor that means you will be reducing interest payable by half to a quarter ie 11.5-6% which translates to 18% or 13% in cost of funds as the case may be. This appears absolutely achievable judging by recent events (1-3yrs). Many POs turn up 100% in 1 yr if you chose to go that way. For the margin to be worth while, you need to have very good volume and a strong heart. If things don't turn out well, volume could prove lethal.

enurayce:

please i still want to know how much i will pay back(principal + interest)  if i take a 1m loan in nNigeria|_
Princesege asnd pennywise thaks,more views welcomed

invisible!:

Good as this result will seem, large as this dividend will seem, I think it is still paltry compared to Oceanic's current stock price of plus N30.

What I am trying to show here is that leaving your investments for the long term is less rewarding than trading on the stocks. I remember selling my oceanic holdings at N28 around may-june this year and using the money for some fantastic trades, against my brokers advice, he seems to think oceanic is a forever good stock  

I bought some other stocks which have given me a 50% average appreciation, had I been waiting on oceanic, what I will get since then will be N1.02 for a full year?

Guys, comment on this.

invisible!:

Good as this result will seem, large as this dividend will seem, I think it is still paltry compared to Oceanic's current stock price of plus N30.

What I am trying to show here is that leaving your investments for the long term is less rewarding than trading on the stocks. I remember selling my oceanic holdings at N28 around may-june this year and using the money for some fantastic trades, against my brokers advice, he seems to think oceanic is a forever good stock  

I bought some other stocks which have given me a 50% average appreciation, had I been waiting on oceanic, what I will get since then will be N1.02 for a full year?

Guys, comment on this.

@All

Hi and merry Xmass and a profitable new year in advance. 

Could someone tell me when FCMB's financial year ends?
Also,was it their half-yr or 3Q-yr results that was recently released?

samenet:

Good day everyone, I am new to active and purposeful trading, all I have done before now was to buy, wait for certificate and dividends.

I salute all the Gurus on this thread , the Bible says that ,without any contradiction, the less is blessed by the better, as such I hereby submit myself to tutelage. I would also be observant to learn from the experience of others who had before been at the stage I am now.

I need your suggestions, solution and advices to the issues below;

1, Bought Zenith Shares in 2004, tried verifying the certificate with cscs recently; it was returned saying my attention is required. Who should I make myself available to?

2, UBA EQUITY; bought 50,000 units in 2006, tried verifying it. But was told is not listed. How do I dispose this off?

3, IBTC; AFRIBANK; bought these about 2yrs ago, I am yet to see the neither certificates nor dividends. The only evidence I have on these are the tellers I used to pay for the offers. What should I do to recover my investments?

4, GTB; bought in 2004 IPO, am yet to get a certificate though I receive dividends and I have gotten a bonus. I need to get the certificate.

5, I bought Access Aug, 2007, has the shares been allotted? How do company shares stay on TS?.

6,Discovery Fund; I misplaced my cert., I’ve written to ARM , I’ve also sent a sworn affidavit and other things the required, but according to them they are still awaiting the new cert. from the Registrar. I think it’s taken too long, what can I do fasten this process?

I just registered with Cash Craft, I stay in Ibadan, and they have a branch in Ibadan, could I have picked a better Stock Broker that is as close by.

Would appreciate your suggestions.

What happened to all our investments in your defunct MLM scheme? I hope you have paid back all your depositors. Hey I am only joking.

Could you tell me how you can make profit from PO within 3-6months considering the Nigerian situation at the moment.
From my experience, you will be lucky if share cert is ready withing 4 months of purchase from IPPOAlso it takes another 2 months to do the verification with CSCS and get it registered. May be another 2 months to trade and get your money if you have a good broker. It is not a straight forward process.
Maybe you have a better approach please share your ideas.