Someone should kindly explain this in layman's term. Thanks

Can I have 2 stock brokerage account without transferring my existing shares from my current stockbroker account? And if this is possible, can anyone recommend a broker best suitable in handling day trading with low commissions/fees?

emmanuelewumi:




MTN is a good stock, what will you do if the stock does not appreciate by December?

I started buying MTN at N94 and stopped buying at N105.

Don’t worry I will join you in the bus when it comes to pick more passengers.

I was pained that I missed out at N90. I am waiting just as you Sir.

Coolcash1:


Don’t worry I will join you in the bus when it comes to pick more passengers.

IYGEAL:


Your first figures were probably the same with the ones attached.

Thanks so much sir.

Why isn't Zenith Bank's share price moving up like GTB? Who did Uncle Jim offend?

handsomebolanle:
Someone should kindly explain this in layman's term. Thanks

UPDC Right issue share listing.


After right issues, the NSE will have to list the additional Shares on the exchange.

Lion123:
Why isn't Zenith Bank's share price moving up like GTB? Who did Uncle Jim offend?

Be anxious for nothing.
Sit tight, relax and experience the coming bull.

megawealth01:
You are one of those I respect here for always being selfless... I only recognise you, the big smart guy and PROF as the real BOSSES to always guide properly in this trend... I'm grateful

Thanks for your compliment bros.

Real bosses Kwa?
I assumed you recently join this forum........hence the choice of just 3 forum members that somehow impacted you positively.
We have quite a lot of resourceful bosses here, which someone like me can't even match.....only that some, such as CP and BBM are on sabbatical.

arduino:
Abeg they should not pay ooohhh. I still need more Zenith, GTB and UBA at bargain prices.

Oga stop playing with serious matter abeg.
If they don't pay dividends you self go pick race.

megawealth01:
The BOSSES in the house should help me look into CHAMS... What's driving that stock North? Should I increase my stake there please?

- Think people were buying out of sheer speculation.......just an opinion.......don't know if there's any other reason aside result.
- Result was somehow flat.
- I couldnt post the link for now, reason I asked those who might have open it to check if there's any dividend.

Deeonepy101:


Thats a very relative statement

Why do you say so?

Jenny008:
Can I have 2 stock brokerage account without transferring my existing shares from my current stockbroker account? And if this is possible, can anyone recommend a broker best suitable in handling day trading with low commissions/fees?

1. Yes. You can have 2 brokerage account.
** You must however inform the new broker that you have existing CHN number which will be used to open account for you.
** Account name for both must be the same.

2. There are few brokers with low commissions. I can only mention the ones I know .......Morgan Capital and Greenwich Mytradebook.
** If you're chanced, you may opt to be trading by yourself.

INVESTMENT

I-investigating and consideration of opportunities (Due diligence)
N-negotiating for the best returns on each move.
V-validating of available data to ascertain its accuracy for right and appropriate decision
E-evaluating options for maximum gain
S-seeking for help where necessary to avoid wrong decision or conclusion
T-transforming cash into asset that produces more assets
M-management of available resources opportunities and capacity for more gains
E-enlarging your circles of the right people (networking)
N-navigating and testing all available money growing options
T-terminating immediately any venture that causes continual losses.

megawealth01:
You weren't authoritative in your assertion... Sometimes you aren't too sure... You only come forward whenever the tide is NORTH

Think it's better to play safe when recommending stocks by not being assertive.
There's a saying that Mr. Market
has a mind of its own and does its things.
When they give recommendations, market might not respond immediately. Sometimes prices may even fall before moving northwards at its own time.
Quite a lot of scenario like this.
People jumps in immediately they make a call but becomes disappointed when the price refuse to move immediately.
Name calling, insult or fight may then follow. .........reason why caveat is always adviced.
This is how I view it sha.

handsomebolanle:
Someone should kindly explain this in layman's term. Thanks

The unbundling is gatting closer. The rights have to be listed before the shares will be unbundled to the shareholders.

Mcy56:


Oga stop playing with serious matter abeg.
If they don't pay dividends you self go pick race.

Even if zenith bank gets to 11 naira, they will shift their target price to 5 naira.

Using a tusk to drink palm wine is for future glory.

The great eagle renews it's youth through shedding it's feathers.

As a child, a boy "A" of 12yrs is viewed as a great senior to a child "B" of 6yrs ,( 12/6 = 2). If A live up to 106yrs, and "B" up to 100yrs, they are likely viewed as age mates (106/100 = 1.06). Even Mathematics tends to relax it's assertiveness and approach unity for mediation...

Calculus is indeed a great tool nature always applied since creation before Isaac Newton and his friend cajoled it into a superiority defining weapon.

Glory, even beyond exceptional items and conquering speeding trains approaches....

A war WILL soon break out!
Don't drink using what can not be turned into a great weapon at the club!

Midnight approaches, the hour of honor approaches.

Black is not only worn for mourning, but a great camouflage for subtle night operations .

The porcupine will soon make the rabbits hole its home....

Mcy56:

1. Yes. You can have 2 brokerage account.
** You must however inform the new broker that you have existing CHN number which will be used to open account for you.
** Account name for both must be the same.

2. There are few brokers with low commissions. I can only mention the ones I know .......Morgan Capital and Greenwich Mytradebook.
** If you're chanced, you may opt to be trading by yourself.

Thank you, I really appreciate it that you're helping the newbies like me on here.

What do you really mean by if I am chanced, I may opt to be trading for myself? will this option aid fast mandate execution?. I will fancy this considering I want to dabble into day trading.

Also, with fast trading/ease of trading as the key decision factor, which brokerage is most preferred between Morgan Capital and Greenwich Mytradebook?

Jenny008:


Thank you, I really appreciate it that you're helping the newbies like me on here.

What do you really mean by if I am chanced, I may opt to be trading for myself? will this option aid fast mandate execution?. I will fancy this considering I want to dabble into day trading.

Also, with fast trading/ease of trading as the key decision factor, which brokerage is most preferred between Morgan Capital and Greenwich Mytradebook?

Morgan.
Go and Google "day trading".
You may want to redefine your designation. If you are ok, no problem.
Even at that, use money you can lose without telling us here...

handsomebolanle:
Someone should kindly explain this in layman's term. Thanks

IT SIMPLY MEANS

(UACN) Property Development Company Plc Rights Issue of 15,961,574,145 Ordinary Shares of 50 kobo each at N=1.00 per Share that was done last March was successful.

It was listed today at NSE which now increase their MARKET CAPITALIZATION from N2.5B to N18.5B

That's more booty for UACN sharesholders after the UNBUNDLING come next month.

BARGAIN HUNTERS TAKE NOTE!

PETERiCHY:


IT SIMPLY MEANS (UACN) Property Development Company Plc Rights Issue of 15,961,574,145 Ordinary Shares of 50 kobo each at N=1.00 per Share that was done last March was successful.

Anybody Investing in UPDC at this time should do so with insiders knowledge and the very long term in view, You can listen to marketers like this guy here at your own risk.

Here are the Facts.

UPDC made a turnover of N2.3 billion in 2018 and N2.1billion in 2019. Thats a decline year on year before this 2020 COVID shock. For these Turnover they made a loss of N15.8 billion in 2018 and another loss of N15.1 billion in 2019. I dont have issues with the losses.

However,Lets assume they didnt make a loss and they were able to convert 50% of their N2.5billion turnover to profit( which is not possible) in 2018 and 2019 they would have had an EPS of about 50k with the initial 2.5billion shares outstanding. Now with the shares increased to 18 billion units. A feasible EPS from a profit of N1.25 billion (50% of turnover) is 0.069kobo

Is this scenario above creating wealth for shareholders or making them poorer?. Except this company sells some of its assets, do a share reconstruction or look for other revenue stream i dont see investors here making money soon.

The UACN stool is standing on 3 legs, UPDC is non existent right now,UACN is broken and under repair,UPDCREIT is standing well but not liquid. Do your calculations,know your appetite for risk taking and make an informed decision.

meine:
Anybody Investing in UPDC at this time should do so with insiders knowledge and the very long term in view, You can listen to marketers like this guy here at your own risk.

Here are the Facts.

UPDC made a turnover of N2.3 billion in 2018 and N2.1billion in 2019. Thats a decline. For these Turnover they made a loss of N15.8 billion in 2018 and another loss of N15.1 billion in 2019. I dont have issues with the losses.

Lets assume they didnt make a loss and they were able to convert 50% of their N2.5billion turnover to profit( which is not possible) they would have had an EPS of about 50k with the former 2.5billion shares outstanding. Now with the shares increased to 18 billion units. A feasible EPS from a profit of N1.25 billion is 0.069kobo

Is this scenario above creating wealth for shareholders or making them poorer? Infact to slap some posts just they hungry me. Except this company sells some of its assets, do a share reconstruction or look for other revenue stream i dont see investors here making money here soon.

The UACN stool is standing on 3 legs, UPDC is non existent right now,UACN is broken,UPDCREIT is standing well. Do your calculations,know your appetite for risk taking and make an informed decision.

Anything and everything is possible with financial engineering and special corporate situations eg (merger, acquisition, unbundling, spin off, divestment etc) which fundamental analysis, technical analysis and sentimental analysis can't explain with accuracy and certainty the final outcome, the best thing in such situations is to get close to insiders and observe their body language

If the Investors and insiders get it right they can unlock latent wealth, if they get it wrong they will lose funds or are just there

Reason why it is best to consider the worst case scenario as analysed by Cardinal Stone Research

emmanuelewumi:



Anything and everything is possible with financial engineering and special corporate situations eg (merger, acquisition, unbundling, spin off, divestment etc) which fundamental analysis, technical analysis and sentimental analysis can't explain with accuracy and certainty the final outcome, the best thing in such situations is to get close to insiders and observe their body language

If the Investors and insiders get it right they can unlock latent wealth, if they get it wrong they will lose funds or are just there

Reason why it is best to consider the worst case scenario as analysed by Cardinal Stone Research

Your comments reflect the years of experience you’ve gathered on the investment landscape. No amount of marketing/de-marketing will change the fate of UACN. Only time will tell.

emmanuelewumi:

If the Investors and insiders get it right they can unlock latent wealth, if they get it wrong they will lose funds or are just there

My analysis has more to do with UPDC listing more shares which may not translate to better return right now. I have said updcreit is solid but its not a liquid stock, as for UACN i cant tell the future.

Meanwhile i spoke to a very key insider in UPDC recently after seeing all the posts on this thread. Effort is being made to turn things around but there is nothing much to expect from UPDC in the short term. I wish every investor luck. When the market is heated even average stocks can gain 1000%.

BARGAIN FOLLOWERS TAKE NOTE.

meine:
My analysis has more to do with UPDC listing more shares which may not translate to better return right now. I have said updcreit is solid but its not a liquid stock, as for UACN i cant tell the future.

Meanwhile i spoke to a very key insider in UPDC recently after seeing all the posts on this thread. Effort is being made to turn things around but there is nothing much to expect from UPDC in the short term. I wish every investor luck. When the market is heated even average stocks can gain 1000%.

BARGAIN FOLLOWERS TAKE NOTE.

Well noted. Investors will start making money from the stock market when they stop listening to what management says, but start watching, observing and taking notes of what management does.

Monkey hunters are mainly those who have all the money needed for their daily, weekly and monthly expenses Invested in the stock market.

I wonder how they manage to sleep well at night, if they sleep at night it will be difficult for them to have sweet dreams

emmanuelewumi:



Well noted. Investors will start making money from the stock market when they stop listening to what management says, but start watching, observing and taking notes of what management does.

good one bro

emmanuelewumi:



Anything and everything is possible with financial engineering and special corporate situations eg (merger, acquisition, unbundling, spin off, divestment etc) which fundamental analysis, technical analysis and sentimental analysis can't explain with accuracy and certainty the final outcome, the best thing in such situations is to get close to insiders and observe their body language

If the Investors and insiders get it right they can unlock latent wealth, if they get it wrong they will lose funds or are just there

Reason why it is best to consider the worst case scenario as analysed by Cardinal Stone Research

meine:
Anybody Investing in UPDC at this time should do so with insiders knowledge and the very long term in view, You can listen to marketers like this guy here at your own risk.

Here are the Facts.

UPDC made a turnover of N2.3 billion in 2018 and N2.1billion in 2019. Thats a decline. For these Turnover they made a loss of N15.8 billion in 2018 and another loss of N15.1 billion in 2019. I dont have issues with the losses.

Lets assume they didnt make a loss and they were able to convert 50% of their N2.5billion turnover to profit( which is not possible) they would have had an EPS of about 50k with the former 2.5billion shares outstanding. Now with the shares increased to 18 billion units. A feasible EPS from a profit of N1.25 billion is 0.069kobo

Is this scenario above creating wealth for shareholders or making them poorer?. Except this company sells some of its assets, do a share reconstruction or look for other revenue stream i dont see investors here making money soon.

The UACN stool is standing on 3 legs, UPDC is non existent right now,UACN is broken and under repair,UPDCREIT is standing well but not liquid. Do your calculations,know your appetite for risk taking and make an informed decision.

Those that will listen to disceivers like emmanuelewumi and meine will come back to complain again after the unbundling, just as they complained after the merger of ccnn and obu cement.

Uchetoba:

Those that will listen to disceivers like emmanuelewumi and meine will come back to complain again after the unbundling, just as they complained after the merger of ccnn and obu cement.

emmanuelewumi and meine are doing the works of their father which is the devil but they can only deceive the gullibles and unsuspecting investors.