emmanuelewumi:



Stanbic IBTC Stockbroker is now everybody's Stockbroker. You can open a Stockbroking account with them with zero Naira.


Commissions is 0.7% for transactions done via their app or self service and 1% for transactions done via emails.

Wait oo, Stanbic takes mandate by email? I thought their clients can buy on the floor by themselves.

Are they still old school?

sonofElElyon:


Noted that daar isn't being recommended here . But any chance the big spending on political and electoral adverts that come with election year (2023 fast approaching) could really bring in mega bucks for daar ??

Bros beware of daar, it was same assumption then because they had right to air the world cup live many believed a lot of money will come in but they were wrong. Thank God for some of my clients that listen to me then and didn't participate in the offer. Since 1999, 2003, 2007, 2011, 2015 and 2019 there have been big political spending and daar is still where it's. Do you think 2023 will be different?
Have they done anything differently? Are the managers different now?
Remember one of the rules of investment is
that one should consider the safety of funds before gains/interest.

However, if you have a very strong and big heart, you know some things about daar we don't know and can take any shock/high risk...

yMcy56:

Not yet

What of unaudited financial statement?

yMcy56:

Not yet

What of 2021 unaudited financial statement?

Dum20:


Wait oo, Stanbic takes mandate by email? I thought their clients can buy on the floor by themselves.

Are they still old school?

All stockbroking firms still take mandate by email for clients that can't trade themselves.
Or don't have the facilities.
It's not a matter of old or new school.

emmasoft:


Bros beware of daar, it was same assumption then because they had right to air the world cup live many believed a lot of money will come in but they were wrong. Thank God for some of my clients that listen to me then and didn't participate in the offer. Since 1999, 2003, 2007, 2011, 2015 and 2019 there have been big political spending and daar is still where it's. Do you think 2023 will be different?
Have they done anything differently? Are the managers different now?
Remember one of the rules of investment is
that one should consider the safety of funds before gains/interest.

However, if you have a very strong and big heart, you know some things about daar we don't know and can take any shock/high risk...

Thanks for your advice.. fully understood

Dum20:


Wait oo, Stanbic takes mandate by email? I thought their clients can buy on the floor by themselves.

Are they still old school?

I am old school, I send my sale and purchase via email as early as 4am.

emmasoft:


All stockbroking firms still take mandate by email for clients that can't trade themselves.
Or don't have the facilities.
It's not a matter of old or new school.

Yes, they still take handwritten mandates, mandates through emails and text messages. Those who want to trade themselves also have the liberty to do so.

lasisi:
@Gurus in the house, kindly help out with the following 3 questions:

1. Does the dividend paid by MTN recently include the promised bonus units dividend?

2. Does it matter if the bank account number quoted for receipt of e-dividend in public offer differs from that of secondary market purchase.

3. If you purchase shares of the same company from different stockbrokers in the secondary market with same CHN and you already filled share transfer form and e-dividend mandate with the first stockbroker, do you need to still fill share transfer form and e-dividend mandate with the others?

1. No. Investors are entitled to the promised bonus and becomes part of their holdings if the the public offer purchased is held till January 2023

2. If it differs, they will most likely go with the existing mandate and more especially if they consolidate the two accounts.

3. Please note transfer form, E mandate ends at the office if the registrars not the stockbroking firm. If it's same CHN or different CHN you don't need to fill a new mandate.
However, especially if it's different CHN you will need to send a mail to the concerned registrar to mandate your new purchases.

But with the current reforms and updates going on with the operators and regulators very soon investors will not even need to send any mandate as you buy stocks your details well be captured automatically.

rmx:
https://abokifx.com/news/china-contagion-threatens-to-derail-the-world-s-emerging-markets-bloomberg?type=market

The following happening majorly in the US, EU

-bond selloff
-equities selloff
-crypto asset selloff around the world

Funds don't stay idle. Where will the funds go to?

Sectors currently receiving the funds :
- Metals (gold, silver)
- Commodities
- then Emerging markets with commodity backing.

They don't have a choice.

If you say funds flow to shorting overvalued assets, the maximum you can make shorting assets is 99.9%. It is only when you go long that you make astronomical gains.

“Quos Deus vult perdere prius dementat”~ Euripides
A Greek tragic dramatist (484 BC - 406 BC).


Meaning “Those whom God wishes to destroy he first drives mad”

Once this bill is pass, anything can happen. Brent could fluctuate violently. Even $500 oil will be easily attainable once OPEC decides to stop selling oil as a protest to the bill. This will be akin to the 1970s oil embargo and the massive effect that followed.

RabbiDoracle:


The following happening majorly in the US, EU

-bond selloff
-equities selloff
-crypto asset selloff around the world

Funds don't stay idle. Where will the funds go to?

Sectors currently receiving the funds :
- Metals (gold, silver)
- Commodities
- then Emerging markets with commodity backing.

They don't have a choice.

If you say funds flow to shorting overvalued assets, the maximum you can make shorting assets is 99.9%. It is only when you go long that you make astronomical gains.

I am really curious to know what sell-off really means. If fonds are indeed leaving the markets then other funds are entering it in its place, is that not the essence of trading?

If for every dollar sold-off their is someone at the other end buying-in can we say that their is now a net increase in funds in circulation?

I don't get it.

ositadima1:


I am really curious to know what sell-off really means. If fonds are indeed leaving the markets then other funds are entering it in its place, is that not the essence of trading?

If for every dollar sold-off their is someone at the other end buying-in can we say that their is now a net increase in funds in circulation?

I don't get it.

If a seller is desperate to offload his or her goods.theyll have to offer it for sale at a lower price. This low price can cause others to panic and make them desperate to sell too at a lower price...

Momentum builds and the price falls dramatically just because everyone is trying to sell at the same time...

Of course for every seller, there must be a buyer but when sellers become more desperate and buyers can cherry pick, prices tank considerably...

Fidson is taking us there.

DrAwo:

If a seller is desperate to offload his or her goods.theyll have to offer it for sale at a lower price. This low price can cause others to panic and make them desperate to sell too at a lower price...

Momentum builds and the price falls dramatically just because everyone is trying to sell at the same time...

Of course for every seller, there must be a buyer but when sellers become more desperate and buyers can cherry pick, prices tank considerably...

You are right, the context in which it used gets me confused at times.

If a bunch of investors decide to exit a market for some reasons(maybe out of fear as u pointed out), we can as well say that some other investors got in to take their place with moneys from other sources.

But then, I can see as well that many investors, who were previously invested, would now sit on cash and cash has to be spent/utilized one way or another...

OK, I get it now. Thanks.

emmanuelewumi:



I am old school, I send my sale and purchase via email as early as 4am.

Wow, you are disciplined.

That means you have done a thorough research and not moved by daily price fluctuations as you have already set your targets.

Cool

Thank you for your response.

emmasoft:


1. No. Investors are entitled to the promised bonus and becomes part of their holdings if the the public offer purchased is held till January 2023

2. If it differs, they will most likely go with the existing mandate and more especially if they consolidate the two accounts.

3. Please note transfer form, E mandate ends at the office if the registrars not the stockbroking firm. If it's same CHN or different CHN you don't need to fill a new mandate.
However, especially if it's different CHN you will need to send a mail to the concerned registrar to mandate your new purchases.

But with the current reforms and updates going on with the operators and regulators very soon investors will not even need to send any mandate as you buy stocks your details well be captured automatically.

emmasoft:


All stockbroking firms still take mandate by email for clients that can't trade themselves.
Or don't have the facilities.
It's not a matter of old or new school.

What I meant by old school was, individuals being able to trade themselves is a recent development, that is about 11 years ago after the 2007/08 crash.

I know how many times my broker short changed me when i used to send mandates to them but being able to trade directly was a breath of fresh air.

ositadima1:


I am really curious to know what sell-off really means. If fonds are indeed leaving the markets then other funds are entering it in its place, is that not the essence of trading?

If for every dollar sold-off their is someone at the other end buying-in can we say that their is now a net increase in funds in circulation?

I don't get it.

Graphic picture warning

(Selloff is a deluge of orders to get out from the market)

Remember that "someone" could be the Market makers as well. There are times there are no bid. This is every exchange worst nightmare. Then market makers step in to provide liquidity. Where the offers overwhelm the MMs, market goes limit down for that day. When offers pile up, the government in conjuction with all relevant agencies close the exchange. We saw this in Russia recently after a 45% drop in 1 day.

RabbiDoracle:


The following happening majorly in the US, EU

-bond selloff
-equities selloff
-crypto asset selloff around the world

Funds don't stay idle. Where will the funds go to?

Sectors currently receiving the funds :
- Metals (gold, silver)
- Commodities
- then Emerging markets with commodity backing.

They don't have a choice.

If you say funds flow to shorting overvalued assets, the maximum you can make shorting assets is 99.9%. It is only when you go long that you make astronomical gains.

But who would bring funds into Nigeria with currency controls and nature of government and economy? Are they not going to loose out on their capital?

ositadima1:


You are right, the context in which it used gets me confused at times.

If a bunch of investors decide to exit a market for some reasons(maybe out of fear as u pointed out), we can as well say that some other investors got in to take their place with moneys from other sources.

But then, I can see as well that many investors, who were previously invested, would now sit on cash and cash has to be spent/utilized one way or another...

OK, I get it now. Thanks.

There are times those bunch of investors will exit and there will be no one to buy except MMs.

In a smooth functioning market, there are buyers, sellers and market makers. Where you have only sellers and MMs or buyers and MMs, then there is trouble.

Scenario A
If a stock goes limit up (full bid) for days, the MM steps in to act as seller. Because some people want to exit but no one wants to sell. When MM sells to a point that buyers feel that prices may dip, there can be a slow to the buying, then buyers and 'normal' sellers start to compete again as price becomes realistic ensuring smooth functioning of the market.

Scenario B
If a stock goes limit down (full offer) for days, the MM steps in to act as buyer. Because some people want to exit but no one wants to buy. When MM buys to a point that sellers feel that prices may start to rise, there can be a slow to the selling, then sellers and 'normal' buyers start to compete again as price becomes realistic ensuring smooth functioning of the market.

When Market is broken
In Scenario A, a buyers' market. Due to an event, there is unlimited buy orders which puts price limit up for a very long period. This can overwhelm MM sellers.

Example : any squeeze of any asset can break the market. Volkswagen stock squeeze in 2008, AMC and GME squeeze in 2021, Nickel Squeeze in 2022, wheat squeeze in 2022.

When this happens, the exchange can close the shop for the day as seen in Nickel and wheat squeeze. And they went to the point of cancelling trades that had been executed.

In Scenario B, a sellers' market. Due to an event, there is unlimited sell orders which puts price limit down for a very long period. This can overwhelm MM buyers.

Example : (1) Pandemic crash of stocks saw limit down even on NSE stocks and global exchanges (2) most recent is due to the war in Ukraine and sanction of Russia, there was a run on the market causing the offers to overwhelm the MMs. If there is no circuit breakers in the stock exchange, the fall will be precipitous. Imagine having 45% fall on an index in 1 day and later closing at around 30% fall.

In both scenarios, MMs are just sitting ducks in a broken market. At this point government intervenes. in 2020, Fed had to come in to ensure the smooth functioning of the global markets.

But there are other things associated with these sha. So let me leave some unattended for you to research, do your homework, study and then learn from it.

Toor

Ask am o , have all the trapped fpis of 2 years ago left ? Read somewhere airlines have 300m $ they can’t repatriate as of April , you have a huge differential between the official rate of 420 and blackmarket rate of 590 . Even the so called commodity of oil we can’t produce the normal 1.8/1.9m bpd , probably at 1.3m or less due to so many issues and theft , add subsidy , huge govt debt and maybe present political climate , people must be cautiously optimistic

RabbiDoracle:


Graphic picture warning

(Selloff is a deluge of orders to get out from the market)

Remember that "someone" could be the Market makers as well. There are times there are no bid. This is every exchange worst nightmare. Then market makers step in to provide liquidity. Where the offers overwhelm the MMs, market goes limit down for that day. When offers pile up, the government in conjuction with all relevant agencies close the exchange. We saw this in Russia recently after a 45% drop in 1 day.

In d first 2 charts, I noticed that d steep fall was actually presided by a sharp rise, almost like an isosceles triangle. Looks like one of those bubbles that finally got burst.

Dum20:


But who would bring funds into Nigeria with currency controls and nature of government and economy? Are they not going to loose out on their capital?

When NSE ASI breaks 2008 high and going to All Time High, you will be hearing news about such inflows.

ositadima1:


In d first 2 charts, I noticed that d steep fall was actually presided by a sharp rise, almost like an isosceles triangle. Looks like one of those bubbles that finally got burst.

Because a parabolic rise doesn't resolve sideways. It flashes down. That is why when Vitafoam, ucap and those palm oil stocks conclude their upward trajectory, that is the trajectory for all parabolas. It is time-tested.

RabbiDoracle:


Because a parabolic rise doesn't resolve sideways. It flashes down. That is why when Vitafoam, ucap and those palm oil stocks conclude their upward trajectory, that is the trajectory for all parabolas. It is time-tested.

I understand you're typing quickly so you didn't bring the point to complition. Vitafoam, Ucap preserved their gains so far...

RabbiDoracle:


Because a parabolic rise doesn't resolve sideways. It flashes down. That is why when Vitafoam, ucap and those palm oil stocks conclude their upward trajectory, that is the trajectory for all parabolas. It is time-tested.

Lol...
Don't let the palm oil merchants and palm oil believers see this your post oh...
You are breaking hearts...

RabbiDoracle:


When NSE ASI breaks 2008 high and going to All Time High, you will be hearing news about such inflows.

I am not actually trying to argue with you but I am curious as to why foreign investors will bring in their funds when there are devaluations risks and other negative economic factors.

naturalflow:
Fidson is taking us there.

Taking you where?

1 to 10 bonus will lead to increase in tradable shares and drop in price.

Also that will lead in drop in dividend per share

Dum20:


I am not actually trying to argue with you but I am curious as to why foreign investors will bring in their funds when there are devaluations risks and other negative economic factors.

Not having argument with you either.

Yen is currently being devalued against USD. The same with Euro. Check EURUSD and USDJPY.

My point is when you see the index breakout, that is when media starts to talk of how FPIs are bidding the market. Try and use morningstar as your guide on level of FPI participation.

The markets with such negatives are the best ripe for a massive bull run.

DrAwo:

Lol...
Don't let the palm oil merchants and palm oil believers see this your post oh...
You are breaking hearts...

With ban on Indonesia palm oil, a catalytic event, palm oil will be sought after and palm oil related stock could extend their bullish run. However when the parabolic rise stops and starts to recede, the move down is usually violent.

Anyone who invest or trades with emotions are just pure novices. You should not have an emotional attachment to assets you buy. Buy make money and move on. If you lose money as well, man up and move on.