@LondonCol,
Thank you for sharing. Which of the bookstores do you suggest I should go in London?

I will make a serach and buy them anyway.

Many thanks.

I use cashcraft as my only performing stockbroker for now. I wouldn't want to join issues with any one on this forum. However, your experience with cashcratf, no matter how ugly it may be, does not mean it is a bad company afterall. For me , Cashcraft is good good at least for now in the following areas:
1. Prompt execution of orders( Max 4 days).
2. Online dealing/trading facilities
3. Online payment facilities
4. Online real time remittance of proceeds to my bank account(UBA/GTB)
5. Buying/selling has been good since 2000.
6. online technical analysis.
7. Functional website with latest daily update of price movement .
8. Stock analysis/recommendations.

The list is endless.

I will like to challenge anyone to match the qualities listed above with any other stock broking firm in Nigeria that has better facilities where you can monitor and track your account without the stress of making series of phone calls.

I am here in the UK and I have never visited CC since I opened my account. Their quality of service outweighs their shortcomings.

I must say though that, I regret opening account with UBA as recommended by one of the contributors on this forum. UBA does not have on line presence. I paid into their account since January to buy BUY INSURANCE STOCKS, BUT NOTHING WAS DONE ABOUT IT TILL NOW. My money is still there with no one to hold accountable. But with CC, when I transfer money from GTB/UBA account, my stock broking account is credited almost immediatley. Also when I request money to be paid into my bank, it is done real time and money in the account the next day. So what CC is doing to me is great, their shortcomings nothwithstanding. Pls call their offic and settle your case with them. I am sure they will be glad to correct any error arising from their side.

Problems are everywhere in the world and mistakes are made by even the so called developed world. What makes the difference is ability to resolve the conflict and move on. Although, I am not saying people should not criticise but it has be constructive and not to bring down the company. Lets try to find a way of addressing our grievances without the need to bring ourselves down. If you know what it takes to set up business in Nigeria and survive, then you will appreciate what CC is doing. Pls lets stop this campaign of calumny and face the issues head-on.

I will like to open a debate on the activities of the so called good brokers like Zenith, UBA, fisrtbroker, CC, Afriinvest etc compare their services with evidence and draw a conclusion. I will produce all my transactions/dealings with CC on this forum.

I challenge everyone to produce evidence of their transactions with CC for comparism so that we can be better informed of what each broker is actually doing.

Prince.

Naijadr:

did anyone receive an email from FBN regarding PO? The email came to address I had on my application

subject: Notification of FirstBank Share Application Status

Good day Sir,

Please find below an update on our share offer for your information and further action.

ALLOTMENT

The offer was grossly oversubscribed; hence only applications for up to 10,000 units were fully allotted.

RETURNED MONEY WARRANT

Further to the above, we are in custody of your returned money warrant. You (or an authorised person) can reach the undersigned for collection or advice account number into which the warrant can be lodged on your behalf (please note that we are not authorised to lodge warrants into third party accounts).

INTEREST ON RETURNED MONEY

We are paying interest on returned monies at an annualised rate of 5% for the period starting from September 10, 2007 to November 05, 2007. The interest warrants are being issued by the Registrars and will be dispatched to the address on your application form in due course.

SHARE CERTIFICATE

The Registrars have further confirmed that your share certificate has been dispatched to the address on your application form.

Once again, thank you for investing in FirstBank and do feel free to contact us for further clarification or assistance.

Kind regards,

I got the same mail today.
When I asked my contact, I am told the certificate is not posted to the address yet.

Ghan 2- Nigeria 1

This referee must apply caution Oooooooooooooooo

Mikel yellowcarded.

What happened to Etuhu. He's out.

Yah, Mensah redcarded

All we are saying, Give us more goals!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

All we are saying, Give us more goals!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Nigeria is playing good game now.

What can we do to this Kingson of keeper. The boy is too good

yakubu cautioned

what a good effort from yakubu

blueband:

Has anyone been able to view their cashcraft account online?

@blueband.
Yes you are right. The trouble started thursday night and I have not been able to view my cashcraft account online. One would have expected them to infrom their customers of the development. Well ,lets wait till Monday, hopefully the problem will be fixed.

babagboin:

@all
please cld someone assist with contact details of CSCS for non-residents naija. i have tried all the numbers earlier posted on the thread, no show, and can't seem to gain access via internet either.

my stockbroker/family person whose 'competence' drove me to seek answers via this website is 'too busy' to print out my cscs account details since december so i need help to access it myself pending when i give him the boot!

PLZ HELP!

ta!

Cashcraft usually posts their CSCS statement for all their customers online. As for me, I still prefer cashcraft because of online access to my account and CSCS statement.

CORExprs:

hello,

so i heard too but i think is just a benchmark set by the firm , it differs.I work with a stockbroking firm and our bench mark is N50,000.Also it is better when you invest with reasonable amount, u  achieve more.
Cheers!

@CORExprs.
Can you shed more light on different charges stockbroking frims charge. Some charge 5.2% buy/sell while others charge less. Why the difference?
What can I do to get a cheaper commission rate? The market in Nigeria is quite different from UK. Pls tell me.

I will appreciate your response.

ebony9ja:

DVCF oil and gas is partly owned by Deap Capital and management plc,  So you can safely infer that substantial part of their profit goes to Deap Capital.percentage ownership: 29%. They finance oil and Gas projects . like given money to contractors to execute projects and share the profits afterwards,  They are in to other business too. That all i can remember about them.

hope this helps.

I checked their website at http://www.dvcfonline.com/about.html but there is no contact address ie physical address. Could tell me where they are inNigeria? Also Could you confirm their reg number as none was displayed. Have you invested in the company ? Let us know.

I hope is not like other wonderbanks.

Invest08:

Hi everyone, I have been following your comments for sometime now, and I am new in this. Actually a friend introduced me to nairaland. I wanted to invest in CHAMS, but I heard some big guys in naija bought all the shares, but I still see some comments that there may still be some hope for guys like me, Please do you know for a fact it they are actually closed? And do you know if this "INTENEGINS" is open for sales (, they have gained a lot in the past two days).

Thanks.

I have INTENEGINS if you want to buy. Just let me know.

FatherOF2:

No sell natin man.Na reconstruction you just see so if na true.I never check am.
When all e mate don go amusement park come back na now you wan sell.
No touch am yet.
My money inside plenty.

@Fatherof2
Thanks for your comment.
Do you think the price can still go up or what? What do you forcast for next two months for this stock.

Did anyone notice what happened to INTERENERGINS today, moved from 1.93 to 6.04. Amazing!
About 240%. I am selling straight away.

2008, my year of blessing.

Any comment on this insurance stock will be appreciated.

Templer01:

Hello everybody, I'm very grateful to God that i found this site, i've been  a "silent reader" for over a year, all thanks to u all, especially the gurus, i've made outsanding profits on my investments, Na God i take thank una.
Please i've got 55k units of DSR and 24k units of IBTC for sale, anyone interested should mail me knightangel2k@yahoo.com thank u (pardon me if i aint suppose to post this here)

Name your price.

Mr. Risky:

@Mr.Risky
Whos is your stock broker?
I use cashcraft. They have been ok until last week after when all my orders have not been executed.
I will still find out why?

FatherOF2:

Definately all of them are good buys for the next 6months.
My only problem is the word " this week".
The only this week buy stock i see there is UBA.
Its still cheap. Those insurance companies no be this week oh,but maybe long term ok (4,5 and 6months).
Let some of those insurance come down small.

@FatherOF2
Thanks for your opinion.
I have placed a  buy order for UBA since last wednesday but no success. Is there anybody on this forum who wants to sell? Pls let me know.

FatherOF2:

Definately all of them are good buys for the next 6months.
My only problem is the word " this week".
The only this week buy stock i see there is UBA.
Its still cheap. Those insurance companies no be this week oh,but maybe long term ok (4,5 and 6months).
Let some of those insurance come down small.

@FatherOF2
Thanks for your opinion.
I have placed a buy order for UBA since last wednesday but no success. Is there anybody on this forum who wants to sell? Pls let me know.

Hello gurus,
The following stocks are siad to be good buys for this week. Can the gurus in the house come together to analyse the tenecity of the recommendation? Waiting for your contribution.

Company                Basis of Recommendation                                      Remark                                                      

1. Unitybnk                      Relatively stable price   Growth stock                Buy                                                      

                                        Price appreciation        

2.Lasaco                          3Q PAT grew by 496.14%

                                       Turnover in 3Q is 280.62%                                  Buy

                                       EPS is 0.63k                


3.UACN                        Improved 2Q PAT by 43.99%

                                   Expectation of Bonus                                            Buy

                                   

4.UBA                           Expectation of 1Q PBT to be N15b

                                   Relatively stable price                                           Buy
                                                           

5.Wapco                     2Q PAT growth is 12.5%

                                  Price appreciation                                                Buy                                                                  

                                   

6.Intercont                 2Q PAT growth is 72.65%

                                   Turnover grew by 82.61% in 2Q                         Buy

                                   Declaration of 35k interim dividend

7.Nem Insurance         Undervalued

                                   3Q PAT grew by 2292.03%                                Buy

                                    3QTurnover growth is 220.873%  

           

8.Access Bank Plc        1Q growth by 190.566% in PAT

                                  Turnover growth in 1Q is 102.180%                Buy

           
9.Linkassure                  Undervalued

                                   2Q Turnover grew by 137.95%                       Buy

                                   PAT growth in 2Q is 1017.39%



10.GTBank Plc              Improved 2Q by 54.78%

                                   Turnover growth                                         Buy



11.Cornerstone          Undervalued

                                 Improved 3Q PAT by 853.23% in PAT          Buy                              

                                Growth stock



12.FCMB Plc                 Improved 2Q PAT by 139.60%

                                  Turnover growth is 101.085%                               Buy

13.Guinea  Insurance   Undervalued

                                   2Q PAT growth is 120.664%                                Buy

                                   Growth stock              

THE END
I NEED AN OBJECTIVE OPINIONS CONECERNING THOSE AFOREMENTIONED STOCKS.

Man Jiro:

@ Naijadr

You can do the formating without Metastock converter.

Arrange your data in the correct order and save as CSV (MS-DOS). I did mine this way. When I used the Aptistock downloader to import it,  different folders for different symbols was created. Its working well.

@Man Jiro
Could you please attach a sample of your findings here on this thread for proper diagnosis and testing. The objective is for us all to develop a system that works for Nigerian  market.
Many thanks,.

Pennywise:

@2gd

I sympathize with you. Your frustration is almost palpable. But think about it. If a broker is certain what stocks will do well he will probably just quit his job and give directions for money to roll in. The truth is no one is absolutely sure. Educate yourself on the stock exchange. Look, listen and learn. This thread apart from being a valuable source of info also contains useful references. If you are outside the country fortunately on-line Nigerian papers abound. With this comes experience and a good intuition.  If inspite of this you end up losing all your money (I am supposing it is not burrowed money-for that you will need a professional financial adviser and perhaps a doctor) nothing spoil, money goes, money comes. In the mean time enjoy the game and the suspense. A time will come when you wont trust anybody's (including broker's) judgement except yours.

I want to end this by saying that it is rather unusual for a broker to request for money before giving advice on what stocks a client should buy. If recommended stock doesn't do well when it should does he know he can be hanged (literally) for it? A lot of people do all kinds of things and get way most times thinking its all good. It can be bad for you one day.     

@Pennywise
Thanks for sharing your wealth of experience. I agree with you. I will also say that trust your instinct when deciding what stock to buy.Make sure you do your due diligence and research the company very well. Fortunately, most websites contain very useful information about NS market. Examples are www.cashcraft.com , www.nigeriansecurities.com.

Also, this thread contains enormous info for anyone to make an informed decision. If you follow the thread and read each contribution very well, you dont need any recommendation from your broker again.  The trouble is, a lot of Nigerians at home still go to the cafe to browse, so there is no enough time to make research and be properly educated on the stock markets unlike those of us in diaspora. It must be said though that all of us are learning on the trade. We are not there yet. But I forsee a better internet access very soon in Nigeria, it is happening gradually and it will get better.

Dis Guy:

most of you banker are not talking about the poor customer service in your industry
or perhaps you don't even know you are offering very poor customer service

@Princesege

I just checked my 3rd party transfer it's still not working 
if its not yet working they should just announce when it will be
what's the point of telling people its working when its clearly not!


most of the banks top management boast of degrees from the best universities around the world
but very basic services they can't provide

@Dis Guy Link
I wonder.! 3rd party transfer is not working on my account yet.
If the service is not yet working, why telling us now. GTB should  Wait until system works before they adverstise.  Let it be noted by GTB that we customers can not comprise quality service because this is norm here in the UK and for any serious minded corporate organisation like GTB. Anything short will amount to reneging or breach of contract. I still like GTB though but they have to wake up and stop giving untenable excuse. Customers deserve the best and GTB should do everything for the best service.

Panadol:

The 5 Best Places to Invest

2007 top five performers:

Country                Return

Bangladesh        134%
China                  132%
Ukraine               125%
Cote d'Ivorie       110%
Nigeria                106%

Source:  Motley Fool

@Panadol.
What does it take to invest in those countries pls.
I am interested.

dejiman:

I use to have that same problem some times but now I have gotten a great alternative to all DOMICILLIARY palava with this new thing i am going to introduce to you, you will have no problem concerning transfering money or recieving money anywhere in the world.
And more so you have great Advantage because you already have a GTBANK ACCOUNT.
well if you want to know about that thing send me an email with the
SUBJECT: ADEDEJI I NEED CARD4NAIJA to aderibigbeadedeji@yahoo.com or hotmail.com
and i will send you details of it as soon as i receive the mail.
Please try to extend the message.
Now you will say bye bye to DOMI,  DOMITILA,  or what ever, just like me.

@dejiman.
Thanks for your email.

@all
Has anyone transferred money via grapgcard to Nigeria before? Pls let me know.
Can the whole house check the site below if this is real:
http://www.graphcard.com/default_elp.asp

grabdaloot:

people, I'd like to point out a few things here. You will get a better picture of the RSI when plotted against time (1 period ie 5 day or 10 day per plot so it doesnt't get messy) that way you will see the momentum of the stock. As for MACD you don't have to calculate it you know. if you plot the closing prices of a stock, right click on data point select add trend line then under the type tab click moving average there is a drop down box beside it select the number of days you want. repeat the process to add another MACD line for another period. In technical analyses charts tell a lot and they certainly tell better than tables. There are even chart patterns that when you see a the trend you can predict what direction the stock will go. for instance AGLEVENT did the converging triangle before the breakout. For more on chart patterns you can visit www.chartadvisor.com. It will teach you the five basic ones but really there are about 13 or so of them. It also talks stock supports and resistances. It seems we love AGLEVENT to death on this forum not that I blame anyone but it is one of the most undervalued stock out there. As per the question regarding brokers, I could recommend equator capital (www.equatorcapital.com) or MBC Securities. (www.mbcsec.com) both have online jobbing facilities but let me chip in some advise. Make your broker you best friend it goes a long way. Jumping from one house to another will not solve the problem just establish a personal rapport with him or her. Have a happy new year everyone

Good talk. You need to make friend with your broker, don't be too forcy when dealing with them and try to be polite when exchanging emails. I notice some of us have this notion that orders are not executed promptly so have a negative mindset before making our orders. My advice is if an order is executed find out why and what should do next time. Those guys are good you know especially cashcraft. They reply my emails and treat me well. When I need money they transfer from stock a\c to my GTB without any stress. I just transferred N150k for Xmas and new yr festivity this week. Also I transfer from my GTB to Cashcraft without any problem. My orders are executed within two days and if stock is not available, they tell me.

Do make your broker a friend.

Happy new year to us all.