wamiikechukwu:



I don't think they paid... Look at the last paid dividend...

That's from UBA in wealth.ng

Do this wealth.ng guys give you a CSCS number?

Or na in their name dem dey buy your stock?

PETERiCHY:


DANGCEMENT was listed on Oct 2010 @N135 per share.

Thanks boss

GonFreecss1:


Thanks for your response dear.


Yeah the coast is clear. I don’t really want to be too optimistic, since timing the markets is impossible.

My advice still remains, by nice companies in tiny amounts gradually. Set your orders. As someone said above, FPI leaving has nothing to do with us, they just want liquidity in dollars. That’s their business.

First we have coronavirus hanging on our neck, then the oil bruhaha, then we have the end time prophets and conspiracy theorists. All these will pass, If you ask me though I am a bit worried about the naira, though I think if our stock market moves positively, even if the naira drops more, some stocks “might” outperform the drop.

Exactly

100% growth overtime will outstrip the 20 to 25% max drop in naira value
Even if the drop na 50%
It's still a good deal if you ask me

GonFreecss1:
Thanks for your response dear.
Yeah the coast is clear. I don’t really want to be too optimistic, since timing the markets is impossible.
My advice still remains, by nice companies in tiny amounts gradually. Set your orders. As someone said above, FPI leaving has nothing to do with us, they just want liquidity in dollars. That’s their business.
First we have coronavirus hanging on our neck, then the oil bruhaha, then we have the end time prophets and conspiracy theorists. All these will pass, If you ask me though I am a bit worried about the naira.....

Thanks for this dear.
Your submission is equally in line with Oga Oracle and OGG's views too.
We hope and pray that all these rather unfortunate issues will pass away soonest.

Mcy56:

What requirements for Morgan?
To fill acct opening form, attach valid means of ID, passport photograph and utility bill; if these makes you weak, I wonder what you want again, maybe free account opening.
Nice advert for wealth.ng anyway. Try and tell us more about them for comparison purposes. Some may also be interested if they offer better services.

As for UBA, N5 or below is okay.

Well, I am not in anyway advertising wealth.ng, I came across them late year and used them today to buy some stocks, so I basically know nothing about them.

Maybe I will calmly read the mail Morgan Capital send to me and proceed with the account opening.

Also, bought some UBA shares @ N5

Thanks

yom2:
Please where do I access my relieve fund for the covid compulsory holiday am in lagos?

This oga self. Is 9ja sharing fund?

IYGEAL:


This is still as vague as the previous. No mention of amount paid and date of payment.
Price range looks like this year. Is it?
Were you the one that received this or someone sent to you?

I just screen shot it... From the wealth.ng mobile app

wamiikechukwu:
Well, I am not in anyway advertising wealth.ng, I came across them late year and used them today to buy some stocks, so I basically know nothing about them.

Don't mind me.
Will be nice to know another broking firm that can serve as good alternative also, reason I said you can tell us more about them but since you don't know much, it's fine.

GonFreecss1:



Do this wealth.ng guys give you a CSCS number?

Or na in their name dem dey buy your stock?

I remember paying some naira as CSCS commission, but wasn't given any number.


I think the letter is what they did...


Please Can you tell me the essence of having a CSCS number.

Looks like what now remains to settling the 'oil war' is Saudi Arabia.
The US and Russia seem to have started a fresh romance towards an agreement.
Russia state owned oil firm Rosneft has just announced a deal to sell off its 100% stake in Venezuela in all 5 JVs plus its oil-field services companies, commercial and trading operations, on the same day that the President of both countries(Trump and Putin) had a phone chat ealier.

https://www.neweurope.eu/article/rosneft-sells-its-venezuelan-assets/
https://tass.com/economy/1137667

For emphasis; The matter about Rosneft was at the center of issues which lead to a series of sanction on Russia by the US.
Maybe Washington is now closer to removing sanctions on Moscow.

The Saudis must have to bend. ...they will.
As I stated here in the past, they will even feel more heat than the US and Russia.(see link to post; https://www.nairaland.com/1131485/nigerian-stock-exchange-market-pick/5421#87434422)

Prior to this time, the Saudi economy has been deteriorating with several growth indices dealt a serious blow. Forget the low extraction cost. They will feel serious heat... Impact will be huge(the Nos are there to prove this)
No wonder they are now planning to sell a stake in their pipeline business to help shore up capital given the huge deficit that'll come with the current oil price slump.(the country already suffered an over 8% shortfall in GDP per capita in 2019)
Now they need to settle some massive payment, and they are strapped of cash.
https://www.pulse.ng/bi/finance/saudi-aramco-needs-cash-with-oil-prices-at-a-17-year-low-and-now-it-may-reportedly/5k7l3c5

The Saudis will feel serious heat !!
They must agree...

Some folks will make a kill from oil price. ...correction will likely be v-shaped and speedy.

Script still playing out just fine...

cc: @RabbiDoracle @robobo

Mcy56:

Don't mind me.
Will be nice to know another broking firm that can serve as good alternative also, reason I said you can tell us more about them but since you don't know much, it's fine.

No problem madam.

Please hope you do not mind me asking.

How long do you normally hold your stock...

Is there any strategy you use in trading stock that a newbie like myself should be aware of.

thesilentone:
http://www.nse.com.ng/Financial_NewsDocs/29518_U_B_A_PLC_CORPORATE_ACTIONS_MARCH_2020.pdf

These people are not serious.

naturalflow:
they say fpi drives our market,it will be expedient for me to trade along this line I.e if they are going out,I go out with them,if they come back,I come back with them.if I buy now when market is going down,what is the need since I can still buy lower latter.

You are right, I get you. Do note that since you're following their trades your returns will always lag theirs. Just don't follow them off the cliff that's all.

leo1234:


These people are not serious.

They wan do meeting for q1 ..them no mention dividends wey shareholders don budget for and are are waiting

Jerekre:


You are right, I get you. Do note that since you're following their trades your returns will always lag theirs. Just don't follow them off the cliff that's all.

That part in bold shows that ur a sharp dude !!

The thing about RISK-REWARD margin and how the herd mentality helps to contract or expand the gap from a VALUE investing perspective !!

It is well.

wamiikechukwu:


I remember paying some naira as CSCS commission, but wasn't given any number.


I think the letter is what they did...


Please Can you tell me the essence of having a CSCS number.

Wealth buys shares in their name and keep a tally of your buy/sells.

The advantage I can see in this system is that, you don't have to worry about mandate forms to receive your dividends.

I think TROVE does thesame for your local stocks but buys foreign stocks in your name.

The CSCS commission is in every transaction, either by a regular broker or online broker.

Mcy56:

Don't mind me.
Will be nice to know another broking firm that can serve as good alternative also, reason I said you can tell us more about them but since you don't know much, it's fine.

You may look at meritrade just started using them and they seem quite responsive

1kinggy:


Wealth buys shares in their name and keep a tally of your buy/sells.

The advantage I can see in this system is that, you don't have to worry about mandate forms to receive your dividends.

I think TROVE does thesame for your local stocks but buys foreign stocks in your name.

The CSCS commission is in every transaction, either by a regular broker or online broker.

Let me help clear up some issues about wealth.ng


Wealth.ng is a product of Sankore Securities Limited, just like investnow.ng from United Capital.

Sankore Securities is your broker .


All shares you buy must be in your name, except you subscribe to the mutual funds products.

Some brokers can help your mandate with the registrars, while others will others will charge you for it.

wamiikechukwu:


I remember paying some naira as CSCS commission, but wasn't given any number.


I think the letter is what they did...


Please Can you tell me the essence of having a CSCS number.

It’s just having a number that proves beyond doubt “you” own certain shares. If something unfortunate happens to them (not saying it would), and they close/bankrupt, how will you prove you own certain shares? Note that because of said number I can move from one broker to another easily, will still meet the shares I own wherever I go too.

wamiikechukwu:


I remember paying some naira as CSCS commission, but wasn't given any number.


I think the letter is what they did...


Please Can you tell me the essence of having a CSCS number.

Call them and request for your CSCS number.

That is your number on the NSE.

With that number, you can you request account statement from CSCS, if the doubt you wealth.ng statement.

He can check the contract paper they may have sent him for the UBA purchase he said he made, the number will be there. That should also be the CHN number I think.

OBAGADAFFI:



Call them and request for your CSCS number.

That is your number on the NSE.

With that number, you can you request account statement from CSCS, if the doubt you wealth.ng statement.

9jatriot:
He can check the contract paper they may have sent him for the UBA purchase he said he made, the number will be there. That should be the CHN number I think.

Yes, the number is always on the contract note.

naturalflow:
they say fpi drives our market,it will be expedient for me to trade along this line I.e if they are going out,I go out with them,if they come back,I come back with them.if I buy now when market is going down,what is the need since I can still buy lower latter.

Ideally you should exit before them and position before they return

Thumbs up to all the contributors , the amount of information available to guide for profitable investing on this thread is mind blowing

I personally believe we will see more multi year lows for a number of stocks this April . We are in very interesting and I dare say profitable times

OBAGADAFFI:


Let me help clear up some issues about wealth.ng


Wealth.ng is a product of Sankore Securities Limited, just like Invest.ng from United Capital.

Sankore Securities is your broker .


All shares you buy must be in your name, except you subscribe to the mutual funds products.

Some brokers can help your mandate with the registrars, while others will others will charge you for it.

Thanks for the clarification.

lancee:
Thanks to Gtb,....Received with thanks

Very wonderful and Innovative bank.

Intendy:
Stocks with new 52 week lows

International breweries #4.90k

MTN #90.00k

Oya start printing 52 weeks high.

Take paper.

DexterousOne:



Exactly

100% growth overtime will outstrip the 20 to 25% max drop in naira value
Even if the drop na 50%
It's still a good deal if you ask me

Perfect!

Mcy56:

Thanks for this dear.
Your submission is equally in line with Oga Oracle and OGG's views too.
We hope and pray that all these rather unfortunate issues will pass away soonest.

These are one-time events that depresses markets worldwide.

Panic makes people wealthy because they buy very low.

onegentleguy:
Looks like what now remains to settling the 'oil war' is Saudi Arabia.
The US and Russia seem to have started a fresh romance towards an agreement.
Russia state owned oil firm Rosneft has just announced a deal to sell off its 100% stake in Venezuela in all 5 JVs plus its oil-field services companies, commercial and trading operations, on the same day that the President of both countries(Trump and Putin) had a phone chat ealier.

https://www.neweurope.eu/article/rosneft-sells-its-venezuelan-assets/
https://tass.com/economy/1137667

For emphasis; The matter about Rosneft was at the center of issues which lead to a series of sanction on Russia by the US.
Maybe Washington is now closer to removing sanctions on Moscow.

The Saudis must have to bend. ...they will.
As I stated here in the past, they will even feel more heat than the US and Russia.(see link to post; https://www.nairaland.com/1131485/nigerian-stock-exchange-market-pick/5421#87434422)

Prior to this time, the Saudi economy has been deteriorating with several growth indices dealt a serious blow. Forget the low extraction cost. They will feel serious heat... Impact will be huge(the Nos are there to prove this)
No wonder they are now planning to sell a stake in their pipeline business to help shore up capital given the huge deficit that'll come with the current oil price slump.(the country already suffered an over 8% shortfall in GDP per capita in 2019)
Now they need to settle some massive payment, and they are strapped of cash.
https://www.pulse.ng/bi/finance/saudi-aramco-needs-cash-with-oil-prices-at-a-17-year-low-and-now-it-may-reportedly/5k7l3c5

The Saudis will feel serious heat !!
They must agree...

Some folks will make a kill from oil price. ...correction will likely be v-shaped and speedy.

Script still playing out just fine...

cc: @RabbiDoracle @robobo

I won't wait for them to reach agreement before I start to buy o. Once they reach any agreement, market don take off because Brent will be running as if something is pursuing it.

Investors are also seeing that Italy and France seems to have peaked. Soon Spain will join. All EU will join. US could be last.

The volatility has reduced and normalcy seems to have returned. The circuit breakers will have to go on holiday.

lancee:



They wan do meeting for q1 ..them no mention dividends wey shareholders don budget for and are are waiting

Tony isn't innovative. That is what it means.

I truly respect the management of GTB.