Toun2nl:
@godlylifeoneart, how does a Nigeria acquire documents to register on easyequities.za

Dupeodus:


If you want to join me in this fight against the AIICO Private Placement, please email me at Modupe@Comcast.net. There is so much corruption going on in Nigeria's corporate governance. Retail investors should not just roll over. I have already filed a complaint against the company with the SEC but we need to attack the EGM itself.

pluto09:


Aiico quarterly results are not reliable o.
All those profits can disappear by year end.

swilo:


Dupe, what is the outcome of this? Seems the EGM has taken place already.



Sir Wanaj0 / Sir Pluto09, you never passed this Aiico through the porter's 5 forces stuff again.

With the injection of the N5.28B, (PP shares ranked same as ordinary shares) all things being equal, Aiico should trade for N0.96k or more (from the ordinary shareholder's standpoint, although N1.20 is the perceived value). This doesnt factor in the diluting effect of the PP shares on the EPS. Another analyst, online, thinks some figures in the AFS & QFS, if properly placed and accounted for will make Aiico to be priced @ N3.26 (this is subjective).


What this PP investor is doing seems to be more legit compared to what Milost tried to do with Japaul.

swilo:


Dupe, what is the outcome of this? Seems the EGM has taken place already.



Sir Wanaj0 / Sir Pluto09, you never passed this Aiico through the porter's 5 forces stuff again.

With the injection of the N5.28B, (PP shares ranked same as ordinary shares) all things being equal, Aiico should trade for N0.96k or more (from the ordinary shareholder's standpoint, although N1.20 is the perceived value). This doesnt factor in the diluting effect of the PP shares on the EPS. Another analyst, online, thinks some figures in the AFS & QFS, if properly placed and accounted for will make Aiico to be priced @ N3.26 (this is subjective).


What this PP investor is doing seems to be more legit compared to what Milost tried to do with Japaul.

Godlylifeoneart:

U can't estimate what the local banks charge u in Nigeria
You only get to know after the completion of transaction. The issue is not wt d brokers in SA but the local banks in Nigeria.
Have u sent money via swift from a Nigeria bank b4? Then you will know that they are not transparent

Infinitisi:


Go to their websites and check out their requirements for opening accounts. It's not that much different from opening an account here. I sent them an email to ask if they accept foreign non resident clients and they said they do.

Dividends will be paid into your stockbroking account which you can withdraw (in dollars) to your dorm account registered with them.

If you have any other concerns feel free to contact them. I plan to open an account with them next year.

yom2:
but why this hour? hope it wount go the way of japauloil and unity bank? no road forward no road backward? if u ask me some fights are better left alone. cos at the end of d day if the share price descend to the bottomless pit with little or no dividend, it is of little concern to the management as far as their stupendous allowances are guaranteed. it is d same retail investors u are fighting for that bears the hardship.

Mpeace:
We pay tax on our transactions on nse. Pls how can we get tax clearance certificates for all the taxes already paid.

Godlylifeoneart:


I wonder how people calculate PE ratio in Nigeria when you cannot accurately determine the true income / earnings of most companies listed on the exchange due to sharp malpractices.
For instance, a company will sell off an asset and declared it as profit earned, Remember that a sold asset is not a recurring profit, in a well regulated exchange such profit from non recurring source is set aside and it is a crime to declared it as profit.
In Nigeria, most companies incorporate such asset sale into earnings for the year and boost their PE ratio to make it look attractive to investors.

Mpeace:
We pay tax on our transactions on nse. Pls how can we get tax clearance certificates for all the taxes already paid.

Northeastern:
Who do you pay the tax to? Or is it the WHT on dividend you are referring to?

maishai:
pls house, any body that finds a hassle free way of trading and investing in foreign equities should share and open a new thread.... I have eyes on kenya, s.a......

Infinitisi:


Go to their websites and check out their requirements for opening accounts. It's not that much different from opening an account here. I sent them an email to ask if they accept foreign non resident clients and they said they do.

Dividends will be paid into your stockbroking account which you can withdraw (in dollars) to your dorm account registered with them.

If you have any other concerns feel free to contact them. I plan to open an account with them next year.

hyness:
hmmmmm interesting that @Godlylifeoneart have never been attacked by the trolls for his views & posts as regards state of affairs of our economy & NSE which by the way i totally agree with.
The play out when they are in one of their trolling sessions/gossips is always entertaining & fascinating to watch by the way!

Mcy56:

Guess he meant the VAT been deducted, in addition to other charges whenever any buy/sell transaction takes place in NSE.

Godlylifeoneart:
For those that are interested or warming up for foreign markets, I will keep updating you on the resources n tools we need(information)
My dream is to make $ in millions from the American market without living in US.
I work tireless every day gathering all the necessary informations needed to exhale in the land of opportunity.
Right now, US market is the most vibrant in the world
You dare not trade there without sufficient information, you will be burnt beyond description
Two heads are better than one, do not do it alone
I can tell you that we might be more knowledgeable than average Americans that are not committed to stocks trading
Many of them do not know about morningstar and mootlyfools
With our Nigeria made passion and aggression we are bound to succeed.
We are trying our best in Nigeria stocks exchange, judging by the opinions from members on this thread (one of the thread dt is approaching 4000 pages on Nairaland ) the problem is the foundation which was faulty. A situation where we do not have portfolio protection insurance and our brokers are charging 1.35%....this should not be. We are paying them too much.
Here in SA... You pay portfolio protection insurance fee of about 0.002% which cover your portfolio against Sky bank de javu
Intercontinental bank de javu
DAAR communication deja vu
Capital oil etc
It does not protect you from selling at a loss but should something sky bank like happened, your portfolio is not wiped off or dashed to polaris bank (ghost investors)


https://www.fool.com/investing/2018/10/06/3-top-dividend-stocks-to-buy-in-october.aspx

www.morningstar.com

https://unum.tradedesk.co.za/Clients/TradingProducts

www.easyequities.co.za

Motley fool and morningstars are market reviewers, their success rate combined together in stock picks is >70%
They raise red flags
They do not sell shares nor provide platform for brokerages
They are like the bookmakers of soccer gambling that provide you with fixed odds.
They only sell information by subscriptions

Unum and easyequities are the investment industries disrupters in South Africa
They are the best and charge least fee in the country
They both won two awards each as the best stockbrokers in South Africa year 2018
They came with the message that investors can buy 1 unit of shares on their platform.
Many South Africans knew nothing about dz companies and I am the one telling my colleagues about them.
Before them the average stock brokers will demand for R50, 000 to open an account for you.
I discovered them while reading online investment news.
I am not resting, the wealth of d world is no longer in the soil but on the internet.
I see www as worldwidewealth

I have an account with easy Equity, building portfolio gradually for future
I am planning to open an account with unum too
I am building myself up for active trading in US and Johannesburg markets n hoping to start by his grace in January. Amen
My portfolio in Nigeria has lost about N900, 000 in good companies, i do not care about dz coz I view it as paper loss
I am still averaging down at the rate of N150, 000 monthly.
It baffles me that Nigerians are not angry
You will wake up tmao, your investment is gone
Take for an example... Dupe and AIICO, would she get enough people on her side to pass a strong message for SEC to intervene that Nigerians are not happy.
We should be angrier at our politically exposed regulators.
Our government are highly irresponsible, they even called us Lazy Nigerian youths
They are not owing us the basic needs of life
Water, electricity, shelter, good roads, education, health care,security of life and property
Every household in Nigeria source for water
You should wonder why Nigeria government that does not run social services should be indebted to the Chinese (the Agbalowomeri of modern time)
The answer is not far fetched, The bottomless pits that swallow our sweats n investment in Nigeria are corrupt and heartless politicians,
Abuja, ajaokuta, military,
This are d reason Nigeria is now the home to the highest no of poor people in the world. We are all paying for the abuja, ajaokuta, military debts and now the Chinese added to the aforementioned... We are in for a hope.
It could have been worse if there is no diaspora remittances that tend to neutralized the effects.
Not too late, you can live in Nigeria and remit your trading profit and contribute.
Thanking you all
Happy Sunday
Wishing you all a bullish trading week ahead.
MAY the politically created bear die by fire and by force Today In Jesus Name

Ugosample:



thanks brother

you have said it all.

Nigeria'a problem is TOO MUCH

but I will be following those leads you created, and make my choice.

DeRuggedProf:


ACCESS refusing to enter bathroom, afraid of losing weight....
The dirt will be replaced by water molecules...
Encourage it to do the needful on time, after all UBA did it without ocmplaining...

Mcy56:

It's this post that made me to check FM price, dont know the price had dropped that much!
It is well o.

Mcy56:


Dont let stcool hear you o.

fxuser:


Update
- sp above prev closing price , last wk pin bar is hard to ignore

mendes911:


You are bored and looking for roforofo. Oya, start one naww.

fxuser:


Update
- SP breaks & closes above above 20dma 50dma
- positive RSI div on d daily holding up well sig dat bears losing their grip (other ex: fidelity, fcmb & be be lo )
- decent price action ard d 78.6Fib level (an important level)
- even weekly macd shows buy cross over though below d zero line
- daily macd in tandem with RSI
- good consolidation here

#Like


if this is not a sig , with multiple update , i dont know what it !

#random

hyness:

Bored? no @mendes am not, my life is full and am busy. l have no time to look for roforofo wit any faceless person behind the keyboards who deliberately targets people for no reason.
People make jokes here, criticise opinions/views but do not purposely pick on anyone for no reason. Pages have been filled here with off topics playfulness, and no one begrudge, then they see a post or two that is even on topic and they come out!
This Forum is full of lots of respectable people who come to selflessly & freely share their knowledge and experiences (God bless them) on stock trading and matters around it/related to it, which is the essence of the platform, so am not gonna derail the thread by engaging in any unnecessary exchanges, I will just ignore!