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Nairaland Forum / Nairaland / General / Investment / Nigerian Stock Exchange Market Pick Alerts (11463304 Views)
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Re: Nigerian Stock Exchange Market Pick Alerts by Northeastern: 5:57pm On Jan 15, 2019 |
INCREASE IN COMMISSION CHARGE ON STOCKBROKING TRANSACTION We would like to first and foremost thank you for your patronage over the years; we are pleased to have been in business with you since the past 5 years, overcoming hurdles and challenges together in unison. We are optimistic that the best is yet to come out of this mutually beneficial relationship. As you may be aware, MorganCapital Securities Limited has over the years remained active and featured among the Nigerian Stock Exchange (NSE) weekly top ten stockbrokers’ list; and in the spirit of giving back to the industry has charged the lowest commission in the entire stockbroking space not minding the ever-growing hurdles and challenges associated with expenses and operational cost. We had at inception introduced our unique commission of 0.25% contrary to what was obtainable in the market and this has remained so up until now despite the disproportionate rise in service expenses. In order to ensure we continue to provide the exceptional services you have enjoyed over the years, we’ll be increasing our stockbroking commission charge on all clients’ transaction to 0.50%, effective, 1st February 2019. This clearly remains a deep discount from 1.35% charged by other stockbroking firms. We have also concluded plans to offer additional value-added services which centers around advanced research analyses which will most likely increase the chances of profitable trading while the algorithm trading features will be implemented within the year. As you are aware, we have never compromised the quality of our services even in the hardest of times and we will endeavor to ensure this standard is not only maintained but continuously improved on. We once again thank you for your understanding and your continued patronage. Regards, ADEYEMI OLUMUYIWA Managing Director/CEO MorganCapital Group 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by Valueinvestor: 5:58pm On Jan 15, 2019 |
Chibuking81:Not surprising, they have never been fantastic when it comes to payment of dividends, moreover, they already have plans of reducing cash payments in form of dividends https://www.google.com/url?q=https://businesspost.ng/2018/11/29/access-bank-may-reduce-dividend-payment-to-stay-afloat/&sa=U&ved=2ahUKEwjQkL2Qn_DfAhXKbVAKHURJB2gQFjAAegQIBBAB&usg=AOvVaw3x9yEZ6vtUJmsuBCbX2PnC |
Re: Nigerian Stock Exchange Market Pick Alerts by freeman67: 6:05pm On Jan 15, 2019 |
It seems there is a Morgan Capital Group agent monitoring this thread.. A discussion of service charge just took place here and the next thing I see in my inbox is a mail notifying me of slight increase.. It is either someone is sent to come and fly that topic to sample opinions. 4 Likes
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Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 6:08pm On Jan 15, 2019 |
Valueinvestor:All these will keep their price down for some time, the bank might visit #3 in the near future, with the increase of number of outstanding share after successful merger and offering of right issue. Oando deal comes to mind. |
Re: Nigerian Stock Exchange Market Pick Alerts by Northeastern: 6:11pm On Jan 15, 2019 |
I am moving my funds after elections. These ones cannot come and be playing with me like that. I cannot be using Polaris and you expect me to pay .50% Morgan is still referencing 1.35% while the reality is commisions are now negotiable. All PFA trades are done at .20% and most FP trades are also done at the .20% level. So, transaction costs are on the downward trajectory, you cannot raise people's expectation and later dash it, it will be looked upon as a disappointment even when the new rate is still below what most firms charge for trades. This their writeup is slow sha, you appear on top ten because of the low commission. Since you've decided to increase your commission by 100%, your volume and value of trades will also drop. |
Re: Nigerian Stock Exchange Market Pick Alerts by jideflash(m): 6:13pm On Jan 15, 2019 |
saw this coming. its was customer acquisition strategy, time for them to markup ![]() Northeastern: |
Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 6:15pm On Jan 15, 2019 |
Northeastern:Hope, it's not because we are praising them. If they review their commission and it becomes high, I will move away from them. |
Re: Nigerian Stock Exchange Market Pick Alerts by PythonDancer: 6:16pm On Jan 15, 2019 |
jideflash:Can you just imagine ![]() |
Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 6:19pm On Jan 15, 2019 |
Northeastern: ![]() ![]() Morgan people are here ! They read all what we discussed yesterday! Ajeeeeeeee! Be careful what you post here, you don’t know who is who.. Let me try and decode the “Judas” among us lolz brb |
Re: Nigerian Stock Exchange Market Pick Alerts by Northeastern: 6:30pm On Jan 15, 2019 |
jideflash: Flesh and blood did not reveal this to you. Plus the fact that the brain behind the low commission is late. You see why we can't build businesses that outlive the owners in this part of the world. The day Aliko passes, all his businesses will start looking down. I am just imagining how the refinery at Lekki will become moribund upon his passing. 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by Northeastern: 6:35pm On Jan 15, 2019 |
Yayira: Maybe. My own issue is that I cannot be paying you .50% and be doing transaction with you through Polaris. The other thing is that, everyone in Morgan is an employee, so there is no personal relationship with clients. A round trip trade that costs 1.55% before is now 2.05%, never. Why I use them is to hide my dealings from friends, now I will move and still get that 0.25% elsewhere. |
Re: Nigerian Stock Exchange Market Pick Alerts by PythonDancer: 6:42pm On Jan 15, 2019 |
Northeastern:Please inform us of that “elsewhere”. We wey go follow you plenty ![]() |
Re: Nigerian Stock Exchange Market Pick Alerts by maishai: 6:44pm On Jan 15, 2019 |
Michael11stock: for a #6 stock......Wawu I swear Warren Buffet go tear enter Nigerian market by force by fire |
Re: Nigerian Stock Exchange Market Pick Alerts by austinkenneth: 6:46pm On Jan 15, 2019 |
freeman67: Morgan should PLAIN FORGET IT!!!!!!!!! Do they think they are the only ones offering 0.25% ![]() They do not even know that the reason they are getting so much more patronage is because of their low commissions. 0.5% will not fly for a frequent trader like me! I'll move to other brokers!!!! |
Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 6:46pm On Jan 15, 2019 |
Northeastern: Exactly! using a polarized bank and expect us to pay more ? Mba! We dey fear for our money with you, you still come dey increase charges ![]() 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by Krisuba: 6:47pm On Jan 15, 2019 |
[quote author=Northeastern post=74794615] Maybe. My own issue is that I cannot be paying you .50% and be doing transaction with you through Polaris. The other thing is that, everyone in Morgan is an employee, so there is no personal relationship with clients. Bros I dey ur back oo. When u are done alert me oo. Imagine! Person still d struggle to break even dey d come with increment |
Re: Nigerian Stock Exchange Market Pick Alerts by Northeastern: 6:48pm On Jan 15, 2019 |
PythonDancer: Personal relationship bro. But if you are doing 100m turnover per annum, you can approach many houses for a concession and you should pull off a .50%. There, you can build relationships that could translate to getting same day withdrawal without penalty, placing your order by calling when there is crisis or a glitch and so forth. |
Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 6:48pm On Jan 15, 2019 |
PythonDancer: Hahahahahahaha |
Re: Nigerian Stock Exchange Market Pick Alerts by austinkenneth: 6:48pm On Jan 15, 2019 |
Northeastern: Don't mind them, they want us to pay for their inefficiencies. By the time they face massive withdrawals they'll understand. |
Re: Nigerian Stock Exchange Market Pick Alerts by austinkenneth: 6:53pm On Jan 15, 2019 |
PythonDancer: Call up any broker and ask them that you are offering 0.25% and ask them whether they'll take your business or not. The problem is that we do not understand that commissions are actually meant to be negotiated. NSE commissions are not fixed! Because we do not ask them, we do not get. A lot of brokers have different commission rates for different traders depending on their negotiating power. |
Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 6:53pm On Jan 15, 2019 |
Northeastern: I will open another brokerage firm to compare as well.. |
Re: Nigerian Stock Exchange Market Pick Alerts by maishai: 6:59pm On Jan 15, 2019 |
dipoolowoo: MAKE ACCESS no over do o! The way they are looking at ATM charges to generate other NON Interest Income will just chase away this retail customers that has been the beckon of Diamond bank......The way access is fuming Something tells me that it would probably be fidelity that would benefit most from this merger......... |
Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 7:01pm On Jan 15, 2019 |
Menh back to the big boys ni oo At least one can peacefully leave cash with them.. But I’ll be going for a big boy with online trading Not that yeye FBNQUEST |
Re: Nigerian Stock Exchange Market Pick Alerts by PythonDancer: 7:46pm On Jan 15, 2019 |
Wow . Thanks y’all |
Re: Nigerian Stock Exchange Market Pick Alerts by Mcy56(f): 7:51pm On Jan 15, 2019 |
Northeastern:Hhmm, the news just weak me but I'm with you on this one. Sole biz hardly build continuity and contingency plans into their businesses, more reasons it dies shortly after the owner. If someone mention continuity plan to them they'll think you are wishing them untimely death. Imagine the case of MKO Abiola too, all those chains of businesses just went with the owner. Chai!! Na to dey think twice before person go do jijo be that o. ![]() ![]() |
Re: Nigerian Stock Exchange Market Pick Alerts by Mcy56(f): 8:00pm On Jan 15, 2019 |
While not ruling possibility of a spy out, I dont think its a decision made as a result of people's comments, its just a coincidence. A spy doesnt necessarily need to comment before getting people's opinions. All the ghosts here na first suspect anyway..... oya all of you come out for roll call, anyone wey no come out na the spy and we go fine you heavily here. ![]() ![]() 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 8:40pm On Jan 15, 2019 |
Yayira:CSL are fully into online trading, with show of bid and offer price/quantity. |
Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 8:56pm On Jan 15, 2019 |
maishai:Access after this their deal, it will really take them time to bounce back, if at all they will see their former position. Diamond bank, started going down when they started releasing bad result, their last year result was poor, going by their EPs, after merging what will really add value to their company and increase their EPs? They might witness what Oando witnessed. Oando would have been selling above their current price if not because of blind deal they went into. ( Acquisition of Conoco Phillips) |
Re: Nigerian Stock Exchange Market Pick Alerts by yom2(m): 11:49pm On Jan 15, 2019 |
Chibuking81:may not be as alarming as it sounds. what is diamond current os. collapsed by 3 fold added to access |
Re: Nigerian Stock Exchange Market Pick Alerts by yom2(m): 12:06am On Jan 16, 2019 |
Yayira:why won't they be here. do u know how many referrals they get from this forum |
Re: Nigerian Stock Exchange Market Pick Alerts by yom2(m): 12:31am On Jan 16, 2019 |
Mcy56:I dey wonder sha but coca cola and ford still dey long after d owners |
Re: Nigerian Stock Exchange Market Pick Alerts by PythonDancer: 12:35am On Jan 16, 2019 |
yom2:Those ones na Oyibo na ![]() |
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