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Re: Stock Performance From 2000/2003 To Date by HAH: 12:16am On Mar 27, 2013 |
What happen in the nigerian stock(scam) market is that they: Rob Peter to pay Paul, now some here may be paul and some peters. Unfortunately I happen to be a peter cos I was rob of my hard earned income of about 15 million now worth less than 500k mostly in the banking sector. The stock brokers will always give you an advice to go for particular stock just for it to start dwindling after small time. To cut long story short I will never invest in. The stock market, I rather take my destiny in my hand by going into real estate,or commodity market. 1 Like |
Re: Stock Performance From 2000/2003 To Date by Kk4(m): 1:03am On Mar 27, 2013 |
As an undergraduate, I bought 2000 units of NSL. I have been to a couple of stoke brokers and non of them can give me any information on the status of this stock, I have not heard from NSL too. What is the market value of the stock now and how can I get my money back. |
Re: Stock Performance From 2000/2003 To Date by KingPradas(m): 1:18am On Mar 27, 2013 |
Oga what about unity bank. I had share since with them dont know there value now |
Re: Stock Performance From 2000/2003 To Date by kalunomics(m): 4:09am On Mar 27, 2013 |
how to go about this shares thing from scratch for newbies please. Thanks! |
Re: Stock Performance From 2000/2003 To Date by manie(m): 6:08am On Mar 27, 2013 |
dcal001: HI manie, pls i am looking at investing in the stock market and i want to know how to go about it ie which stock broker to use amongst others. thanks I am not a stock broker, You can choose your stock broker from the over 100 stockbrokers in the country. I prefer trading with stock broking firms that are not one man business. The following stock brokers are okay, Lead Capital, Investment one etc. With 50k you can open a stock broking account. You will need 100k and 250k to open an account at Fidelity securities and UBA stock brokers respectively. If you have a million Naira you can open your account at CSL stockbrokers or BGL Securities. Meristem securities will need 2.5 million Naira, while IBTC, Afrinvest, Vetiva, FBN Securities will require 5 million Naira if you want to open a stock broking account. But I will advice to start small, invest in your youth, invest regularly, net work with fellow investors, avoid penny stocks, read investment publication, listen to business news, practice Naira cost averaging , have a long term investment plan, do not buy hot stocks. 5 Likes |
Re: Stock Performance From 2000/2003 To Date by manie(m): 6:21am On Mar 27, 2013 |
oseiwe: Bros, Your shares are intact, go to CSL Registrars at Tinubu St. Lagos. The registrars is located in the Head office of FCMB. |
Re: Stock Performance From 2000/2003 To Date by manie(m): 6:24am On Mar 27, 2013 |
Olumideta: Good job Manie, I dey feel you seriously. Do mean if someone decides to sell the share's certificate that is the amount the person will get? Which of stock are you talking about? You need to dematerialise the share certificate before you can convert them to share. Get in touch with a reputable stock broker, who will help you on how to open a CSCS account and convert the shares into cash. If I may ask you, why do you want to sell now, what do you plan to do with the proceeds from the sale. |
Re: Stock Performance From 2000/2003 To Date by manie(m): 6:32am On Mar 27, 2013 |
nnomy3: pls as a young undergraduate who wants to be an investor, how do i go about it?? Walk into the office of any stock broker and make the necessary inquiries. Some stock brokers accept as low as 10k in Lagos, but if you have up to 50k you can open account with some of the reputable stock broking firms. Investing early and investing regularly is the best way to build a great net-worth at retirement. Your stocks can also be used as a collateral. A bank will readily accept 1,000,000 units of FBN shares valued at less than N20 Million as a collateral over a block of 4 flats at Ketu Lagos valued at N35 Million. This is because FBN shares is more liquid and readily acceptable than the block of 4 flats at Ketu. 1 Like |
Re: Stock Performance From 2000/2003 To Date by manie(m): 6:38am On Mar 27, 2013 |
K,k: What is NSL?I don't know about this stock. I will not advice a starter to ever buy penny stock, invest in companies with track records that are currently selling at a discount, most banking stocks are currently in this category, learn how to value a stock or a company, read about investment and the economy as a whole, network with fellow investors, stock market investment should be a long term investment, if you want short term returns it i8s better to buy treasury bills, bonds and other money market investment. |
Re: Stock Performance From 2000/2003 To Date by manie(m): 6:38am On Mar 27, 2013 |
manie: As a matter of fact I don't buy penny stocks. |
Re: Stock Performance From 2000/2003 To Date by manie(m): 6:40am On Mar 27, 2013 |
KingPradas: Oga what about unity bank. I had share since with them dont know there value now What value did you see in Unity bank when you committed your funds? I don't have unity bank shares because i don't like their business model, organisational structure and management. |
Re: Stock Performance From 2000/2003 To Date by manie(m): 6:44am On Mar 27, 2013 |
HAH: What happen in the nigerian stock(scam) market is that they: Rob Peter to pay Paul, now some here may be paul and some peters. Don't base your investment decisions solely on recommendation from your stock broker, Religious leaders, Investment advisers etc. Take time to do your personal research, but Nigerians are lazy we always want the easy and blame others for our failures. |
Re: Stock Performance From 2000/2003 To Date by manie(m): 6:48am On Mar 27, 2013 |
HAH: What happen in the nigerian stock(scam) market is that they: Rob Peter to pay Paul, now some here may be paul and some peters. I also invest in real estate and I know how cumbersome it is. You need a high capital to start a real estate investment in Nigeria, artisans are not reliable nor readily available, Omo onile and their palaver, stress of getting title to your property. Difficulties in getting building approval, issues of multiple taxation from local government and state government etc. |
Re: Stock Performance From 2000/2003 To Date by Redoil: 6:49am On Mar 27, 2013 |
Manie thier are lot of kwestions about the stock (scam) performance you can not answer. I can see that only those stocks that were able survive the scam b4 proper regulation came into existence you are proud of analysing and they are just 3% of the stock (scam) market. What about those that never survive the scam 97% analyse them and let us see. |
Re: Stock Performance From 2000/2003 To Date by manie(m): 6:50am On Mar 27, 2013 |
Redoil: Manie thier are lot of kwestions about the stock (scam) performance you can not answer. I can see that only those stocks that were able survive the scam b4 proper regulation came into existence you are proud of analysing and they are just 3% of the stock (scam) market. What about those that never survive the scam 97% analyse them and let us see. Let me know the scam, which of the stocks did you buy between 2000 and 2003. |
Re: Stock Performance From 2000/2003 To Date by manie(m): 6:53am On Mar 27, 2013 |
Redoil: Manie thier are lot of kwestions about the stock (scam) performance you can not answer. I can see that only those stocks that were able survive the scam b4 proper regulation came into existence you are proud of analysing and they are just 3% of the stock (scam) market. What about those that never survive the scam 97% analyse them and let us see. This is the historical performance of the All Share Index from 1984 to date Year ASI % gain or loss 1984 105 5 1985 127 21 1986 163 28 1987 190 16 1988 233 23 1989 325 39 1990 513 58 1991 783 53 1992 1107 41 1993 1543 39 1994 2205 43 1995 5092 131 1996 6992 37 1997 6440 ( 1998 5672 (12) 1999 5266 (7) 2000 8111 54 2001 10963 35 2002 12137 11 2003 20129 66 2004 23844 18 2005 24085 1 2006 33189 38 2007 57990 74 2008 31450 (46) 2009 20827 (33) 2010 24770 19 2011 20730 (16) 2012 28079 35 1 Like |
Re: Stock Performance From 2000/2003 To Date by manie(m): 6:57am On Mar 27, 2013 |
Redoil: Manie thier are lot of kwestions about the stock (scam) performance you can not answer. I can see that only those stocks that were able survive the scam b4 proper regulation came into existence you are proud of analysing and they are just 3% of the stock (scam) market. What about those that never survive the scam 97% analyse them and let us see. If you do not know how to pick and invest in under valued stock you should have invested in the index. The ASI gained 54% in 2000, this may be due to the return of democratic rule. It gained another 35% in 2001, it gained 11% in 2002 and gained 66% in 2003. |
Re: Stock Performance From 2000/2003 To Date by manie(m): 7:04am On Mar 27, 2013 |
manie: The market gained 18% in 2004, the market was flat in 2005, the market gained 38% in 2006,the market gained 74% in 2007. The market lost 46% in 2008, it also lost 33% in 2009. The market gained 19% in 2010. The market lost 16% in 2011. The market gained 35% in 2012. From Jan 1st 2013 to date the market has gained 19%. |
Re: Stock Performance From 2000/2003 To Date by manie(m): 7:07am On Mar 27, 2013 |
manie: When you do not have a title to your property, you can not use the property as a collateral whenever you need funds to multiply your wealth. |
Re: Stock Performance From 2000/2003 To Date by ogalanya(m): 7:09am On Mar 27, 2013 |
Pls maine, what of dunlop shares? Its been dormant on 50k everyday, no up or down movement. Any hope of resurrection? |
Re: Stock Performance From 2000/2003 To Date by Redoil: 7:09am On Mar 27, 2013 |
manie:oando went for ipo at 75 naira, it is now 17 naira under some scammer which i will not mention thier name. Transcop 7naira formaly .50kobo nown 1.50 naira Daar is almost dead intercontinental bank, oceonic bank, bankphb, costain west africa etc. All these ones are dead or reduced to ground zero. Finnaly statistics lies a lot, about the all share index, all those figure you are seeing were cooked up to show the outside world that we are moving. |
Re: Stock Performance From 2000/2003 To Date by nnomy3: 7:10am On Mar 27, 2013 |
manie:like? |
Re: Stock Performance From 2000/2003 To Date by Redoil: 7:10am On Mar 27, 2013 |
manie: |
Re: Stock Performance From 2000/2003 To Date by manie(m): 7:11am On Mar 27, 2013 |
manie: Looking at the performance of the stock market from 1984 to 2012, we will discover that the market lost 6 times out of 29. That means the market gained 23 times out of 29, giving 80% success rate over the last 29 years. 1 Like |
Re: Stock Performance From 2000/2003 To Date by sixteen08(m): 7:18am On Mar 27, 2013 |
@manie ur doing a great job *thumbs up* God bless U 1 Like |
Re: Stock Performance From 2000/2003 To Date by Kk4(m): 7:21am On Mar 27, 2013 |
manie:National sports lottery. I bought them 2008 |
Re: Stock Performance From 2000/2003 To Date by manie(m): 7:29am On Mar 27, 2013 |
ogalanya: Pls maine, what of dunlop shares? Its been dormant on 50k everyday, no up or down movement. Any hope of resurrection? I am not too sure. Government policy really affected the performance of Dunlop, that is why investors and corporate managers need to be conversant with happenings in the business environment. |
Re: Stock Performance From 2000/2003 To Date by manie(m): 7:30am On Mar 27, 2013 |
sixteen08: @manie ur doing a great job *thumbs up* Thank you sir. |
Re: Stock Performance From 2000/2003 To Date by manie(m): 7:33am On Mar 27, 2013 |
K,k: Very sorry about that. Why did you invest in the company? I always advice starters to invest in companies with track records, I don't know the records of NSL nor the growth potential of NSL. |
Re: Stock Performance From 2000/2003 To Date by manie(m): 7:44am On Mar 27, 2013 |
Redoil: oando went for ipo at 75 naira, it is now 17 naira under some scammer which i will not mention thier name. Transcop 7naira formaly .50kobo nown 1.50 naira Daar is almost dead intercontinental bank, oceonic bank, bankphb, costain west africa etc. All these ones are dead or reduced to ground zero. Finnaly statistics lies a lot, about the all share index, all those figure you are seeing were cooked up to show the outside world that we are moving. Did you analyse OANDO, Transcorp, Costain, Bank PHB etc before you committed fund, it is very obvious that you are not ready or willing to learn how to value a company, therefore I will advice you to only invest in Mutual funds, money market instrument or real estate. Most people over paid for investment be it stock or real estate during the last bull era. Smart investors that are currently buying are under paying for good stocks, that are selling at a discount. You do not need to wait for the statistics from NSE, tou can also do your personal research. The ASI mirrors the total average performance of the market, a number of good stock did far better than the ASI performance, and some badly managed companies under performed the ASI. 1 Like |
Re: Stock Performance From 2000/2003 To Date by Reference(m): 7:50am On Mar 27, 2013 |
Redoil: oando went for ipo at 75 naira, it is now 17 naira under some scammer which i will not mention thier name. Transcop 7naira formaly .50kobo nown 1.50 naira Daar is almost dead intercontinental bank, oceonic bank, bankphb, costain west africa etc. All these ones are dead or reduced to ground zero. Finnaly statistics lies a lot, about the all share index, all those figure you are seeing were cooked up to show the outside world that we are moving. Hmm. Lies, damn lies and statistics. Anyway we've not considered the biggest daddy of them all - inflation. Manie can you kindly adjust for inflation and re-contextualize. 1 Like |
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