hi guys, please which stock broking firm charges a lower fee when buying/selling shares?

Morgan capital i believe.

intrelations:
hi guys, please which stock broking firm charges a lower fee when buying/selling shares?

FG May Borrow ₦6.6 Trillion To Tackle Budget Shortfalls

https://saharareporters.com/2024/06/07/tinubus-government-may-borrow-n66trillion-tackle-budget-shortfalls-report

essentialone:


https://chat. whatsapp. com /BAADVxcjUeOEPziVzAZDyT

. Thank you so much

Meerahbel:
Join megawealth discord group

. Which group is this mega discord

megawealth01:


Nawa for Ikeja hotel

You just took it out of my mouth. Ironically the way people rush it on the floor is just a puzzle.

ndept:
https://doclib.ngxgroup.com/Financial_NewsDocs/41435_OANDO_PLC-OANDO_PLC_-_PRESS_RELEASE__CORPORATE_ACTIONS_JUNE_2024.pdf

Another reason for Oando to rise!

Nostradamus abi Norrenberger, una dey try well well.

Chams on full bid. Let's go.

KayOn1:
Nostradamus abi Norrenberger, una dey try well well.

KarlTom:

Forcing the hands of the 10% to play ball or ...

essentialone:


https://chat. whatsapp. com /BAADVxcjUeOEPziVzAZDyT

Not connecting

9free:

Not connecting

Remove the space in between and try again

The management of this companies who over the yrs think the shareholders or investing public are stupid. They raise funds and give you guys.You go ahead and mismanage the company.The shareholders benefits nothing over the years while you feed fat on the company through various means as cost.When you come for public offer or right issues. Na owner father go buy the po and right issues. You think is those days people can not easily get information

StreetInvestor don vex...

Streetinvestor2:
The management of this companies who over the yrs think the shareholders or investing public are stupid. They raise funds and give you guys.You go ahead and mismanage the company.The shareholders benefits nothing over the years while you feed fat on the company through various means as cost.When you come for public offer or right issues. Na owner father go buy the po and right issues. You think is those days people can not easily get information

Streetinvestor2:
The management of this companies who over the yrs think the shareholders or investing public are stupid. They raise funds and give you guys.You go ahead and mismanage the company.The shareholders benefits nothing over the years while you feed fat on the company through various means as cost.When you come for public offer or right issues. Na owner father go buy the po and right issues. You think is those days people can not easily get information

Para mode activated

ndept:
https://doclib.ngxgroup.com/Financial_NewsDocs/41435_OANDO_PLC-OANDO_PLC_-_PRESS_RELEASE__CORPORATE_ACTIONS_JUNE_2024.pdf

Another reason for Oando to rise!

That's if the demons would let it be

Ginalex:
Para mode activated

Lol.Na iB people no allow me rest.They are calling everyday to remind me of my rights and sending documents

See the one called fidelity bank.You pay shareholders anything you like as dividend. Thr price on the floor has even gone below the right and po quoted price

When fbn brings thr own na only the management and thr criminal friends go buy the thing. They think we are stupid

TRANSPOWER traded 803,000 units today....

Coolcash1:


There is no need to rush to buy the stock now on NASD as it is planning to list on NSE by introduction this year.

From par value of N10 to 50k when it will be listed on NGX

emmanuelewumi:



From par value of N10 to 50k when it will be listed on NGX

That means 20× the unit anyone wiith holding when it comes to ngx

Coolcash1:


There is no need to rush to buy the stock now on NASD as it is planning to list on NSE by introduction this year.

Do as you please, i only answered questions asked

yMcy56:

Its to capitalize unissued shares to increase OS (Outstanding Shares) and working Capital.

I've discussed extensively about VFDGROUP here in the past together with one or two Nsempas that contributed that time.

1. Total outstanding shares (OS) presently is 253,369,820 (in millions)
2. There's now a plan to increase this to N1.263bn+ by capitalizing unissued shares worth N506M to ordinary shares of 50k each
3. If you divide this sum by 50k nominal value, you'll get the number of bonus shares arrived at......for distribution to shareholders.
4. IN SUMMARY: VFD is distributing 1,013,479,280 unissued shares to shareholders who owns 253,369,920 existing shares........
** This brings it to 4 new shares for every existing one held........AND, the new shares will rank in pari passu with existing shares.

** Quite a number of Companies issued bonus in 2022 FYE as well......so nothing new here...... Except that VFD's bonus is so juicy. If you still have it, then HOLD!
** Qualification Date is 14th June, 2024
** Hope I answered you in my own little way.

Thanks for your write up. I bought some... can you enlighten me on how the Price mark down for the 4 for 1 bonus will play out? Will it be 50k value per bonus share equalling N2 mark down for 4 bonus shares?

Modified: my stockbroker just answered a yes

emmanuelewumi:



From par value of N10 to 50k when it will be listed on NGX

Before Q4

tabithababy:
. Which group is this mega discord

Find out from him

emmanuelewumi:



From par value of N10 to 50k when it will be listed on NGX

But with a total dividend of N200 for a stock that selling at N4,755 isn't that terribly expensive
Even if you get x20 upon listing on ngx, I believe dividend too will be ÷20 so will come to same thing... expect I'm missing something sir?

emmanuelewumi:



From par value of N10 to 50k when it will be listed on NGX

Wait! From ten naira to 50 kobo is that not retrogression

From my little knowledge of this kinda scenario, I think we should not consider the bolded like ordinary arithmetic.

If/When Aradel lists on NGX, two things could happen:
1. They delist from NASD and list on NGX.
2. They list on both exchanges simultaneously. This is known as Dual Listing.

For both scenarios.
They will offer the equivalent number of shares to existing holders based on a stipulated ratio (just like DANGSUGAR-NASCON).

For scenario 1, there will be the option to be paid off for those who don't want to move with the company to NGX.

For example if you have ₦1million worth of shares in NASD, you'll be given ₦1million worth in NGX...

I stand to be corrected and further enlightened

Meerahbel:
Wait! From ten naira to 50 kobo is that not retrogression

It seems we shellholders of OandO might eventually laugh
One of James Hadley Chase books says my laugh comes last

ndept:
https://doclib.ngxgroup.com/Financial_NewsDocs/41435_OANDO_PLC-OANDO_PLC_-_PRESS_RELEASE__CORPORATE_ACTIONS_JUNE_2024.pdf

Another reason for Oando to rise!

True.
For me, the outcome of the June 24 hearing will likely be the final resistance point.
IF OandO won't delist, it's km100 straight...

RichEstate:
It seems we shellholders of OandO might eventually laugh
One of James Hadley Chase books says my laugh comes last

Meerahbel:
Wait! From ten naira to 50 kobo is that not retrogression

The per value has nothing to do with the share price or quantity. The only thing that changes is the share capital account on the balance sheet. Any excess amount goes to the share premium account. The market price will still be subject to normal market forces. Correct me if I am wrong.

Meerahbel:
Wait! From ten naira to 50 kobo is that not retrogression

Not retrogression. Book value of the company remains the same. For each share you had with N10 nominal value, you will thereafter have 20 shares with 50k nominal value.

Direct advantage is that the price of the share becomes "more affordable" from about N4,500 per share to about N225 per share. It improves liquidity for the shares too; other factors remaining constant.