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Emmasoft's Posts

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Investment / Re: Nigerian Stock Exchange Market Pick Alerts by emmasoft(m): 9:36pm On Feb 26

Krisuba:
It's like people are tired of waiting for d almighty DanFood to arrive!!

Hope deffered makes the heart sick... Proverbs 13:12

Investment / Re: Nigerian Stock Exchange Market Pick Alerts by emmasoft(m): 2:45pm On Feb 24

eziokwunwoko:
Pa Emma: Good day Sir, I need your advice.
I want to start investing in Bonds, but I prefer Corporate bonds to FGN Bonds. I am afraid of Too much debt of the Federal Government. What is your advice. Any tax implications. What is your address.
Which Corporate sector bonds are okay, banking, energy etc

What can cause FG to default is possible to make a corporate body default twice. Remember corporate is operating within the same economy controlled by the FG. Be well guided.

9 Likes

Investment / Re: Nigerian Stock Exchange Market Pick Alerts by emmasoft(m): 11:41am On Feb 23

akpumpy:
Hello house. Do companies pay dividend twice a year based on this information? Kindly explain please

@akpumpy note that It’s not a rule that a company pays dividends twice or once a year rather dividend payment and the frequency of payment depends on the policy of the company concerned. There is no hard and fast rule about it.
All things being equal, a company that made profit is expected to pay its shareholders dividends, they can choose to pay it quarterly e.g Seplat, bi-annually e.g members of FUGAZ except FBNH, or annually which is the usual practice for many companies on NGX.
However, this has to be done following the regulators' guidelines and shareholders' approval when required..

1 Like

Investment / Re: Nigerian Stock Exchange Market Pick Alerts by emmasoft(m): 4:15pm On Feb 20

Becoted001:
Please, I need help on how to claim dividends for stocks bought from different companies in 2008 and also for my mom. Please, I need to know how to go about it.

Since you mentioned 2008 I guess you bought during the public offer boom in the market.

You will need to contact the registrar of the companies where you have holdings. Note one registrar can be in charge of more than one company and this will make the process easier and faster.
After you identify the registrar, complete the e-dividend mandate form and mail it to them, if you are in Lagos you can visit their physical office with your means of identification.

If you still have those shares in paper certificates, you will need to demat them and that will help you get any outstanding bonuses for those companies that declared bonuses then.

Chat/call me with the details on my signature if you need further details.

Investment / Re: Treasury Bills In Nigeria by emmasoft(m): 7:17pm On Feb 19

gare2510:
When filling the TB form is it better to state your preferred interest rate or go with bank rate?

It's always safer to go with the bank rate.

Investment / Re: Treasury Bills In Nigeria by emmasoft(m): 2:57pm On Feb 16

thebargainhunte:
Good morning house. Please, when is the next treasury bill coming up?

Next week Wednesday 21st Feb, 2024, If you wish to participate you must get to your bank on or before 10am on Tuesday 20th Feb. 2024 to apply.

1 Like

Investment / Re: Treasury Bills In Nigeria by emmasoft(m): 2:52pm On Feb 16

Itsrm:

What did Stanbic post? Axa mansard is also doing 11.59 at a time when fixed deposits have gone to 13%

Seriously considering moving my funds away if the rates don't improve.

Don't make that mistake. Fixed deposits can never be better than MMF. Why do you think banks don't like investors, look well before you leap.
Don't use a sledgehammer to kill mosquitoes.

1 Like

Investment / Re: Treasury Bills In Nigeria by emmasoft(m): 2:47pm On Feb 16

Itsrm:

Poor as well. Expecting upwards of 15% at this time.

Increased rates will affect MMF and Fixed income positively but it's not automatic. In most cases, it takes effect gradually once the funds are revalued to match the current realities. Fund managers also tend to rely more on MPR than Tbills rates. By next week when the MPC meets it will be clearer the direction the rate will go.

1 Like

Investment / Re: Mutual Funds by emmasoft(m): 8:43pm On Feb 15

vefexam:

I really appreciate, thanks.

You welcome.
To open an account for any of the funds, click the links on my signature or reach out to me.

Investment / Re: Mutual Funds by emmasoft(m): 7:16pm On Feb 15

enque:
Biko where is the 11.73% cos I am seeing 11.19 on my app

Investment / Re: Mutual Funds by emmasoft(m): 3:10pm On Feb 15

vefexam:
Hello everyone.

I wish to invest with ARM investment, I wanna start with #500k for their money market and $1000 for there euro bond, as at when I made enquiries the rate for MM was 11% PA, i can't remember for the euro bond.

Please help advise.
emmasoft
ernie4life

Here is my preference as per mutual funds:
MMF - Stanbic MMF curreently 11.73%
Dollar fund - Norrenbeger currently 9.2% (They accept less than $1000 and could accept cash at the point of deposit)
Fixed income fund - SFS Capital currently 11.02%

2 Likes

Investment / Re: Mutual Funds by emmasoft(m): 8:04am On Feb 12

Codevalley:
Why is the MMF rate still poor across board despite the increase in TB rate? .

Rate increase for Tbills is less than a week. The effect of the increase rate will definitely affect MMF positively, just be patient. As the fund mangers revalue their underlying assets with the current rate the increase in rate will be obvious on MMF.

If you check this morning Stanbic MMF has moved from 10.81% to 11.53% as at this morning

Investment / Re: Nigerian Stock Exchange Market Pick Alerts by emmasoft(m): 5:39pm On Feb 11

BlissGod:
Do you work with Investment one

As a Sales Rep.

Investment / Re: Nigerian Stock Exchange Market Pick Alerts by emmasoft(m): 8:18am On Feb 10

dayjeee:
Investment one is very bad, sorry to quote you, I am switching to a fintech broker like as soon as I am done correcting the phone number on my bvn. Imagine investment one charging me N600 on N6,000 shares I bought...the cost has even eroded all capital appreciation I may get.

@dayjeee I guess you don't understand how it works. Investment One and any brokerage firm can't charge more than the regulatory fees, it's automated as stipulated by the regulators. They strictly operate in compliance with the rule of engagement in the capital market. I'm sure they can never charge you that much. No transaction gets up to a 10% charge on any consideration.
Please be well guided.

Thank you.

5 Likes 2 Shares

Investment / Re: Nigerian Stock Exchange Market Pick Alerts by emmasoft(m): 10:17pm On Feb 09

BlissGod:
To all the bosses in this forum, I greet you. Am new to this stock trading and I wish to take it seriously this year, please what is the best online broker I can use only in naira please. My capital is not much. Thank you everyone.

Come over to investment one.
You will get One on One guide on how to navigate the market with respect to your investment objectives.

To open a stock/CSCS account for free click the third link on my signature to register online.

Requirements:

Passport photo

ID Card which can be any of the these: NIN slip, Int'l passport, voters card or drivers license

Utility bill not older than three months

Your signature on a plan sheet.

You are free to reach out to me with my displayed contact.

Investment / Re: Nigerian Stock Exchange Market Pick Alerts by emmasoft(m): 12:59pm On Feb 08

Streetinvestor2:
I don't even get the results coming out this year from companies. Are all the results un audited. Why am I not seeing dividend declaration. U cap use to take the lead in this aspect.

It's normal. For companies that submitted unaudited results a month after the end of the fourth quarter, they have till 31st of March to submit their audited results while companies that didn't submit unaudited have two months ie by the end of February to submit their audited results.
However, a company can be in the league of Early Filers like Geregu and submit audited results much earlier than those deadlines.

1 Like

Investment / Re: Treasury Bills In Nigeria by emmasoft(m): 8:22am On Feb 08

chukzyfcbb:

The thing is the rates swing easily in MMF.
Yes it's 19% now, next two months it could drop to 15% and subsequently to 12% affecting the total profit

Whereas an investor in tbills will lock it down for the year

Yes rates are daily valued in MMF but the truth is when Tbills rate is high it affects MMF positively.

MMF also has its advantages
Easy entry and exit without penalty after 30days.This makes MMF very good for emergency fund.
It can be invested in with as little as 5,000
If rate changes upward it affects MMF positively but Tbills is static for the tenor.
Reinvestment ie Compounding is easily done with MMF.

So both Tbills and MMF are good for any conservative investor it depends on what you wish to achieve at any point in time in your investment journey or strategy.

The truth is that there is no one form of investment that can meet all the needs of an investor hence diversification is always encouraged.

5 Likes

Investment / Re: Treasury Bills In Nigeria by emmasoft(m): 7:48am On Feb 08

Hogwarthtrades:

The increase rate is a new development bros/madam!!! If it's a money market fund even fixed income fund should gradually reflect the increase in coming weeks (depends on the exposure of the fund to recent tbill / bond market auction).

@Hogwarthtrades you are very correct.

For investors in mutual funds particularly MMF and fixed income fund note that any change in tbills rate or MPR will surely affects the funds since one of the major underlying asset for these funds is tbills but the change is not instant. It will take effect when revalution is done using the new rate.

One thing is sure, a positive change in tbills rate or MPR is a plus for all MMF or Fixed income investors but it's the opposite for equity investors/traders all things being equal.

4 Likes

Investment / Re: Mutual Funds by emmasoft(m): 12:54am On Feb 04

heavenisreal18:

Pls is investing in dollars now advisable considering the rate

Having dollars is just a hedge against devaluation/inflation outside that having dollars is not an investment per se. If things were normal in Nigeria dollar would be just another currency.

If you can get the dollars, a dollar fund or dollar placement is not bad but if it's difficult getting dollars, having good stocks with great potential and a good dividend payment policy can also be a good alternative.

Investment / Re: Mutual Funds by emmasoft(m): 8:02pm On Feb 02

JEmma1:
I’m still in search of dollar funds investment. I was about starting Dollar mutual funds before I noticed that it can depreciate and eat into your capital. Please I need suggestions on which to go with.

All dollar funds operates the same way except if you want to do dollar placement instead, it's similar to fixed deposit where you have a fixed rate for a specified tenor. Your capital and the agreed interest is guaranteed and paid to you at the end of the tenor.
Chat me up if you opt for dollar placement.

Investment / Re: Nigerian Stock Exchange Market Pick Alerts by emmasoft(m): 2:00pm On Feb 02

defebe:

You can't cancel you bid on investment one app until around 6pm

You can if you have DMA (Direct Market Access). If you have DMA you can cancel at any time otherwise it will be between 4pm and 7am.

To have DMA simply send a mail to customer care asking them to profile your account for DMA and it will be done without any cost.

6 Likes

Investment / Re: Nigerian Stock Exchange Market Pick Alerts by emmasoft(m): 8:42am On Feb 02

BullBearMkt:

What? Is that the new rule? That dividends older than 12 years is gone?

@BullBearMkt, this rule has always be there perherps because must people dont wait that long before making moves to claim their dividend hence they are not aware. It's not new.

In fact there is a move to reduce it to 6 years as well as FG to borrow unclaimed dividend but shareholders group continue to fight against it.

Investment / Re: Nigerian Stock Exchange Market Pick Alerts by emmasoft(m): 9:36pm On Feb 01

molybdenum0012:
Hello guys, I need your advice.

My wife here just got an info to claim an unclaimed dividends of share she bought about 23 years ago with Conoil before she left Nigeria.

She has gone through the link and found out her name is there:
https://sec.gov.ng/non-mandated/

Now she does not have the certificate any more nor any Nigeria bank account number.

She is wondering if it worth it to come down to naija to claim it or not .

Please, brokers in the house what's your advice ?

Whether it's worth it or not to come over depends on her holdings currently. If her holdings is not much there is no point coming purposely for the dividend or the proceeds.

Also note that any dividend older than 12 years cannot be paid to her.

Personally I will advice if the quantity she has is not much, there is no point coming because her dividend and the proceeds from the sale may not cover the cost of her ticket except if she has other things to do here in Nigeria.
By the way conoil closed today at 101.

1 Like

Investment / Re: Nigerian Stock Exchange Market Pick Alerts by emmasoft(m): 1:14pm On Feb 01

AmRoyalty10:
please where i can get a good stock broker o
I'm new to the game. Help please.

For a good and rewarding experience, you can come over to Investment One stockbrokers
Click the 3rd link on my signature to open stock/cscs account for free.
I'm just a call away if you need clarification.

Investment / Re: Mutual Funds by emmasoft(m): 11:27pm On Jan 31

alezzy13:

Ah. Oga they don't o. I would advice anyone going into such funds to be very wary.

I opened an equity based fund few days back and had been making some pretty impressive gains, but yesterday apparently the drop in share prices wiped out not just gains but part of my principal!! 🥺😣

That is why I said though they can give value also but you must be vigilant especially equity funds.
It's just like buying stocks directly. If you have the patient on the long run you can get value.

Like you said and I normally advice my clients if you are new in investment world, it's always better to start with MMF and fixed income funds. That is not to say balance or equity funds are bad investments.
The most important thing is to know your risk tolerance and stick to it and don't allow the euphoria of the market influence you so much as to ignore your risk tolerance no matter the gains a risky investment promise to give

1 Like

Investment / Re: Mutual Funds by emmasoft(m): 11:01am On Jan 30

enque:

is this not stressful?

Of course, that is where individual investor's objective comes in with consideration of their risk tolerance.

Investment / Re: Mutual Funds by emmasoft(m): 10:22am On Jan 30

VeeInsider:
Are there others that guarantee capital preservation?

Yes, fixed-income fund, actually even balance fund or equity funds do but it requires that you be vigilant and know when to pull out.

1 Like

Investment / Re: Mutual Funds by emmasoft(m): 9:58am On Jan 30

stephano100:

please anyone have an advice for someone who wants to invest in stanbic dollar mutual fund or incase there’s alternative please share, thanks.

You can go ahead, most dollar funds returns are in the range of 5.5 -7.5%. They all operate the same way because the underlying asset is majorly eurobonds.

However, in terms of initial deposits Norrenberger accepts less than $1,000 and also accepts naira deposits at a conversion rate slightly above the black market rate on the day of the transaction.

To open an account at Stanbic, kindly click the link on my signature and complete the online form.
You are free to contact me. See contact details on my signature.

Investment / Re: Nigerian Stock Exchange Market Pick Alerts by emmasoft(m): 10:30pm On Jan 25

teejay1334:
Good evening to everyone.please I want a recommendation on a good and reliable stockbroker with their commission fees I can open account with.hoping for a response soon

You can come over to investment one stockbrokers. Good customer service, reliable trading platform both web portal and app.
To open account for free click the third link on my signature and complete the online form.
My contact is also available if you need to reach out to me.

Investment / Re: Nigerian Stock Exchange Market Pick Alerts by emmasoft(m): 7:22pm On Jan 17

Ginalex:
Good morning sir. Thank you for being so generous with this info. Please how can I monitor the market to be able to make decisions? Can you point me to any thread on NL or any material you can recommend?

You can get information on NASD website and from individual company's website especially for the few active ones.

Investment / Re: Nigerian Stock Exchange Market Pick Alerts by emmasoft(m): 10:57pm On Jan 16

Ginalex:

Good evening sir.

Trust you had a great day.
Please could you be so kind to point me to a NASD thread? I'm curious to learn and know how it works. Thank you

The NASD platform is just like the NGX with quoted companies.

However, the market is not very active as the NGX.
Like oga Emma pointed out, just few companies are traded regularly. Most of the shareholders in NASD companies buy to hold. They are mostly owners. You hardly see traders there. Many of the deals you see in NASD are cross deals. Also not all stockbroking firms have the license to operate on NASD.

To participant in NASD market, you will need to open a NASD cscs account.
Note that all trades are through your stockbroker. No online trading platform for investors. It operates like the early days of the NSE where you have to send buy/sell orders to your broker by email to execute on your behalf.

If you are interested in opening a NASD account, you can come over to investment one stockbrokers. Get in touch to get account opening form.

5 Likes

Investment / Re: Nigerian Stock Exchange Market Pick Alerts by emmasoft(m): 7:11pm On Jan 16

FP55:
Hello, I'm new to the Nigerian stock market and looking to get started. Could someone guide me on how to set up an online trading account? Additionally, I would appreciate recommendations for both online and offline resources, such as books, that can help deepen my understanding of stock trading. Are there any movies that you would suggest for gaining a better insight into this field? I'm seeking advice from those experienced in this area. Thank you for your help!

@FP55 it's a good move to come on board the capital market.

You will need to open a stock/cscs account.
You can do that with Investment One stockbrokers for free. click the third link on my signature to get started.

You will need the following:

Passport photo
ID card which can either be a driver's license, NIN, voter card, or In'l passport.
Utility bill not older than 3 months
Your signature

When the account is opened you will have access to the market online through the provided app or web portal.
You can also reach out to me if you need more clarity.

By the way, I hope it's not because you see or hear that the market is on a bullish run that you are coming in.
If that is the case you will need to rethink and make sure you have gotten your investment objectives and have a reason for your move and not just because of the euphoria of the moment.

Whatever the case it's a good decision to invest. You are welcome.

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