emmanuelewumi:



Micro lending to people at 5% per month

ok,boss

These are not correct, sir.
For 1, N50 is deducted at the bank for the FGN on transfers (I think it's called electronic transfer levy).
2, I have access to two portfolios on Meritrade with balances less than N50.
3, whilst you can place orders valid up to 14days on Meritrade, orders on Morgan C is only valid for the day (I use both).
Meritrade is not perfect but not on the issues you pointed out.

essentialone:
3 reasons why I will be completely quitting the use of Meristem stockbrokers by Q3 of this year.

1.
2. .
3. .

You are correct on personal loans.
Margin loans are different and riskier to the borrower because the lender would take all measures to cover its exposure. They wouldn't even delay to sell off once margin calls are not met.
A lot of the stockbrokers suffered in margin arrangements with banks during and after the financial crisis of 2008/09.

IHelp:


For the 3 reasons he stated, I think they can be easily overlooked if other services are okay.

I do take personal loan from my broker. When the fund hits my account, I can use it for whatever I like. I can also move it to another broker and buy what ever I want to buy.

Frangel:
You are correct on personal loans.
Margin loans are different and riskier to the borrower because the lender would take all measures to cover its exposure. They wouldn't even delay to sell off once margin calls are not met.
A lot of the stockbrokers suffered in margin arrangements with banks during and after the financial crisis of 2008/09.

They can minimize the risk by requiring bigger equity from the clients instead of asking clients to buy stocks on their own lists, some of us believe they are only trying to dump such stoks on the clients after 3 months they will review the stocks on the list again.


FSDH Capital margin is very strict, they require 250% security cover but you are free to buy whatever you want.

Eg with a N10 million portfolio that has their acceptable securities, you can get a loan of N4 million which you can use to buy any stock of your choice and you are expected to service interest every quarter or earlier depending on your cash flow.

[quote author=emmanuelewumi post=120605599]



They can minimize the risk by requiring bigger equity from the clients instead of asking clients to buy stocks on their own lists, some of us believe they are only trying to dump such stoks on the clients after 3 months they will review the stocks on the


That one na sure banker monkey hunting after they go still collect interest .Then weekly they will recommend the stocks for their clients too. At every quarter 20 percent is guaranteed on thr stock holding.No be juju be dat

I have not done margin trading before, but I know it's very risky, just as it's very profitable, especially in a bullish regime.

I think what you described with N10m portfolio is not margin (I stand to be corrected). In this scenario, the firm's N4m is covered by your N10m portfolio so they can allow you do whatever you wish.

In a margin facility, if you want to buy stocks worth say N5m, you would be required to contribute say N3.5m, while the firm contributes N1.5m. Margin contracts would be executed such that If the value of the N5m portfolio falls to an agreed value (say N4m), you would be called to make further deposits. Where the client does not meet up with the margin call(s) based on the contract, the lender would sell the shares and recover their contribution (N1.5m here), leaving the client with whatever that's left (if any). This is why they are interested in what you buy, whether it's liquid or not, amongst other considerations.

emmanuelewumi:




They can minimize the risk by requiring bigger equity from the clients instead of asking clients to buy stocks on their own lists, some of us believe they are only trying to dump such stoks on the clients after 3 months they will review the stocks on the list again.


FSDH Capital margin is very strict, they require 250% security cover but you are free to buy whatever you want.

Eg with a N10 million portfolio that has their acceptable securities, you can get a loan of N4 million which you can use to buy any stock of your choice and you are expected to service interest every quarter or earlier depending on your cash flow.

Frangel:
I have not done margin trading before, but I know it's very risky, just as it's very profitable, especially in a bullish regime.

I think what you described with N10m portfolio is not margin (I stand to be corrected). In this scenario, the firm's N4m is covered by your N10m portfolio so they can allow you do whatever you wish.

In a margin facility, if you want to buy stocks worth say N5m, you would be required to contribute say N3.5m, while the firm contributes N1.5m. Margin contracts would be executed such that If the value of the N5m portfolio falls to an agreed value (say N4m), you would be called to make further deposits. Where the client does not meet up with the margin call(s) based on the contract, the lender would sell the shares and recover their contribution (N1.5m here), leaving the client with whatever that's left (if any). This is why they are interested in what you buy, whether it's liquid or not, amongst other considerations.

It is a margin loan, you can either contribute cash or acceptable securities as your equity in a margin arrangement.


I just explained the margin arrangement of FSDH Capital and it is risk free to them, the borrower also has the freedom to speculate on any stock he likes provided he has done his home work.


No seasoned investor or trader will want to be controlled on what to buy, provided he has provided enough security cover for the loan

[quote author=Streetinvestor2 post=120606831][/quote]


I know it is monkey hunting.


When United Capital was N5.00 it was not on their list, when Fidelity was less than N1.50k it was not on their list, same with Nahco at N4.00, Guinness at N20.


They have the right to have shares which are acceptable as collateral by them, but after providing the acceptable shares the investor or trader should buy whatever he wants to buy provided enough security cover is provided

I agree with you that in a margin arrangement, contribution can be in cash or securities.

I know that in naija, a lot of variation is introduced to protect the lender. I learnt some of the lenders then extracted personal guarantees from the borrowers and some form of collaterals to fall back on.

The real margin I think of is as I described with the N5m portfolio. Both parties take the risk but the lender is protected by having the rights to forcefully sell the securities to recover it's exposure, while leaving the investor loosing. The investor gains by sell down at a profit when prices have rallied so that the lender recoups and investor gains too.
But greed does not allow some to sell when in a good position. I know a guy I advised to sell down when he had attained over 100% profit but he was still hopeful until the market crashed, firm eventually sold off at a loss and still came for him because he gave a personal guarantee.

emmanuelewumi:



It is a margin loan, you can either contribute cash or acceptable securities as your equity in a margin arrangement.


I just explained the margin arrangement of FSDH Capital and it is risk free to them, the borrower also has the freedom to speculate on any stock he likes provided he has done his home work.


No seasoned investor or trader will want to be controlled on what to buy, provided he has provided enough security cover for the loan

Streetinvestor2:
Madam abeg updates on results. I thought 31st was the last day for results for most companies beside holdco company

Bros, see this notification letter from ECOBANK.......

It clearly explained the NSE rule I earlier stated......concerning publication of Final Reports.....

https://doclib.ngxgroup.com/Financial_NewsDocs/37607_ECOBANK_TRANSNATIONAL_INCORPORATED%20AFS_PUBLICATION_202.pdf

@RabbiDoracle Did you see Bloomberg's report today about the contagion caused by Adani's continuous market rout? Let us just say your prediction about India is turning out as forecasted.

Frangel:
These are not correct, sir.
For 1, N50 is deducted at the bank for the FGN on transfers (I think it's called electronic transfer levy).
2, I have access to two portfolios on Meritrade with balances less than N50.
3, whilst you can place orders valid up to 14days on Meritrade, orders on Morgan C is only valid for the day (I use both).
Meritrade is not perfect but not on the issues you pointed out.

Just for clarification Sir. Do all stockbrokers deduct this your so called electronic transfer levy?

2. Well I do not know if there are different types of accounts on Meristem, but you can make a deposit and try to use all the funds to purchase shares. Maybe you would see what I saw.

3. I never mentioned Morgan. Only Meristem and what I consider as it shortcomings for me.

The deduction of N50 per receipt is a FG policy for bank receipts by transfers (10k? and above). Some banks deduct per receipt, and some at month end from your bank account. Firms that don't deduct from clients would absorb it, since it's not much.
2. It's a normal account and I bought this week. I can calculate transaction cost to about the nearest naira. I know that sometimes, during trading, it doesn't allow you have less than N100. But normally, it allows.
3. I mentioned MorganCapital because that feature of order validity is a plus to Meritrade when compared. I use both so I know pros and cons of each.

essentialone:


Just for clarification Sir. Do all stockbrokers deduct this your so called electronic transfer levy?

2. Well I do not know if there are different types of accounts on Meristem, but you can make a deposit and try to use all the funds to purchase shares. Maybe you would see what I saw.

3. I never mentioned Morgan. Only Meristem and what I consider as it shortcomings for me.

Gradually, I have started jumping out of the aeroplane of Berger Paints. Make I continue to jump out, abi make I slow down?

essentialone:
Gradually, I have started jumping out of the aeroplane of Berger Paints. Make I continue to jump out, abi make I slow down?

Bros I like what you are doing. I will start mine after the election to rebalance my portfolio

NGX - Weekly Market Report for the Week Ended 03-02-2023
https://doclib.ngxgroup.com/market_data-site/other-market-information-site/Week%20Market%20Report/Weekly%20Market%20Report%20for%20the%20Week%20Ended%2003-02-2023.pdf

I know this is not investment related.
But I am looking for a graduate trainee role at a financial service firm in lagos.
I just finished my NYSC.
My degree is in Information Technology(2nd class upper).

Wapgod:
I know this is not investment related.
But I am looking for a graduate trainee role at a financial service firm in lagos.
I just finished my NYSC.
My degree is in Information Technology(2nd class upper).

Ok see people looking for you.

OBAGADAFFI:


https://dailynigerian.com/alleged-data-breach-zenith/
Alleged data breach: GT, Zenith banks under investigation, says Nigerian govt.

zenith Bank!!!!!!!

Bizibi:
zenith Bank!!!!!!!

It doesn't affect their ability to make money

Wapgod:

It doesn't affect their ability to make money

okay....I pray!!

[quote author=Wapgod post=120629383]
It doesn't affect their ability to make money[/quote



They opened window for fraudsters to steal peoples money knowing thr is little or nothing you can do to them as a bank.Efcc or Cbn will do nothing to them when you report even the court .Our banks are vehicles for corruption in nigeria

Wapgod:

It doesn't affect their ability to make money

In Nigeria Na.

If they try these in the US, multiple law suits will force the management to resign

freeman67:


Ok see people looking for you.

I have successfully applied.
Thank you.

OBAGADAFFI:


https://dailynigerian.com/alleged-data-breach-zenith/
Alleged data breach: GT, Zenith banks under investigation, says Nigerian govt.

My data is even among the data breach.

Wapgod:

I know this is not investment related.
But I am looking for a graduate trainee role at a financial service firm in lagos.
I just finished my NYSC.
My degree is in Information Technology(2nd class upper).

Wapgod:

The ROI from NGX is very low, especially for the risk taken(No capital preservation).
And the wahala involved is extreme.
You want to do inter-member transfer, big wahala, transmission-wahala, dematerialisation-wahala and so on.
Dividends is low ROI to me and take too long, so i dont look forward to it.
Short-term investments is more suitable for me.

Wapgod:

I did some research in order to help you.
Their APT E-Trade seems non-functional.
Kindly avoid using this stockbroker.

Wapgod:

Seems like you're a marketer which shows your bias.
Please stop recommending any particular stockbroker.
I know for a fact that Meristem is not the best stockbroker.
I leave it at that.

Wapgod:

For me to help you in a specific way, it would take too much of my precious time.
And you are not paying me for my time.
I am rendering help for free to you

Wapgod:

You are believing the guy.
He is probably their staff undercover.
Most of these stockbrokers are nothing to write home about.

Wapgod:

Lol. You are wrong.
It's undervalued, yes.
But it's a useless reit in more than one way.

Wapgod:

I was busy at that time.
That's why i couldn't go into details.

Mediocre Management - Management could do so more better
Dividend trap(lost money on this)
Assets need to be liquidated to unlock value.
And so on, and so on.

Wapgod:

MorganCapital does number 1, ARM is even worse in regards to number 1, some analog stockbrokers are even worser.
Explain more about number 2,
On Number 3, Kindly post a screenshot of the Stockbroker software Meristem uses.They must use an inferior stockbroking software

Oga, wen I waka thru ur posts for hia alone, I just weak say na otondo wey negativity full hin mind u be. E be like say nysc no teach u anythin, even humility sef, u no get and na so so you dey bad mouth other people's business wem u dis small boy otondo just dey start life sef. Haba
Na empty barrel like u dey make noise pass sef . With dis kain bad mind and bad mouth wey u get, who go fit hire u or recommend u? As u dey so ehn, u never ready to get job with this ur bad mouth and bad negative mind.

Oga, as u dey so ehn, even if you wan work for me for free, I no go take u. People like u wey dey proud, get bad mouth and bad mind no dey get shishi yet na so so problem and bad luck una dey bring to other peoples bizness.

U no be good pesin make I tell u d truth. U beta change.
May enu buruku and igi pawpaw not wo payin oga.

[quote author=Wapgod post=120634594]
My data is even among the data breach. [/quote


It was an intentional act .My wife suffered the same fate.How can fraudsters have over 90% success via this claimed breach in this size of banks with the kind resources at thr disposal. It says only one thing, insiders job

Please does anyone know the buy/sell commission of Stanbic Stockbrokers?

Nigerialabalaba:


I know this is not investment related.
But I am looking for a graduate trainee role at a financial service firm in lagos.
I just finished my NYSC.
My degree is in Information Technology(2nd class upper).

















Oga, wen I waka thru ur posts for hia alone, I just weak say na otondo wey negativity full hin mind u be. E be like say nysc no teach u anythin, even humility sef, u no get and na so so you dey bad mouth other people's business wem u dis small boy otondo just dey start life sef. Haba
Na empty barrel like u dey make noise pass sef . With dis kain bad mind and bad mouth wey u get, who go fit hire u or recommend u? As u dey so ehn, u never ready to get job with this ur bad mouth and bad negative mind.

Oga, as u dey so ehn, even if you wan work for me for free, I no go take u. People like u wey dey proud, get bad mouth and bad mind no dey get shishi yet na so so problem and bad luck una dey bring to other peoples bizness.

U no be good pesin make I tell u d truth. U beta change.
May enu buruku and igi pawpaw not wo payin oga.

How does me looking for a job means i do not have money.
I make money through other means and invest part of the money by buying stocks.
Also note that what i post is my personal opinion.

BigBashiru:
Please does anyone know the buy/sell commission of Stanbic Stockbrokers?

Buying = 1.1325% of consideration amount
Selling = 1.4775% of consideration amount
CSCS alert fee+VAT of 4.30 is also applicable per trade clip

Refer to this page on their website.
https:// www . stanbicibtcstockbrokers.com/nigeriastockbroking/stockbroking/products-and-services/products/equities

Wapgod:

Buying = 1.1325% of consideration amount
Selling = 1.4775% of consideration amount
CSCS alert fee+VAT of 4.30 is also applicable per trade clip

Refer to this page on their website.
https:// www . stanbicibtcstockbrokers.com/nigeriastockbroking/stockbroking/products-and-services/products/equities

This is quite expensive... I am considering them for short selling.... I believe Stanbic IBTC does short selling - do you know any other brokers that supports short selling??

BigBashiru:


This is quite expensive... I am considering them for short selling.... I believe Stanbic IBTC does short selling - do you know any other brokers that supports short selling??

I do not know.
I have never done short selling.
I think it will be difficult to do on NGX.