yodiyokun:

Thanks @Texas

@all

Lets all look at the MACD on these 2 stocks computed, it  just doesnt look right - If we follow the principle of the buy signal and sell signal using Moving averages - you would have missed it most of the time, but it looks like the RSI seems a bit more accurate . Compare the signals to the acutall price movements.

Maybe I don't get it?

@yodiyokun
You are right. I have been looking at the whole analysis and I was amissed with buy/sell recommendation. Earlier on the forum, we were told to buy when RSI is less than equal to 30 and buy if it's greater or equal to 70. I stand to be corrected.
But from the analysis, I saw a buy recc for 70-80 RSI and sell signal for 25-40 RSI. I am confused, I think we all need look at what went wrong and finetune the formula for a better result.
Could it that Nigerian Markets is different from western stock market or why is it that the formula seems not work here.
Pls gurus, we need your input here.

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.

Could you post detailed info here for all of us to share. Afterall we are here to educate ourselves on topical issues and ways of doing things easily.

Princesege:

Hi bankers in the house.
Can anyone explain why GTB removed 3rd party online transfer faciltiy?
I am ver disappointed about this development not just because the tool was removed but for lack of consideration/sensitivity to GTB customers. There is no information prior to the removal so that I can plan for alternative way of trasfering money for Xmas since as I am not in Nigeria at the moment.

It is sad that GTB could do this why because that is the quickest way of sending money to brothers and sisters in Uni and my aged parent as well.

Can you imagine third party online transfer being stopped all in the name of security. No I don't think so. There must be something more than that. Here in the UK, you don't just remove a faciltity without informing your customers.
I was sad because I had planned to send money via this medium for Xmas festivity.
I think I have to close my account with GTB and go elsewhere. This is a breach of contract on the part of GTB. I opened the account just because of this online  3rd party transfer. A bank whose customers opinions do not matter.
Rubbish!.

@all.
Please read this. It was posted on GTB Website. But I can not use 3rd party online transfer yet. What is happening.


Dear Valued Customer,

REACTIVATION OF THIRD PARTY ACCOUNT TRANSFERS ON INTERNET BANKING

We are pleased to inform you that the third party account transfer service on our Internet Banking platform has been reactivated with enhanced security features. These additional features have been implemented to maintain the safety and integrity of this service channel.
You would recall that the third party account transfer service had earlier been disabled as a result of recent global upsurge in fraudulent activities on similar channels. However, only pre-registered third party account transfers have been reactivated for now; other transfer options will be reactivated shortly.

We sincerely apologize for any inconvenience the temporary unavailability of our Internet Banking service may have caused you.
Should you require further clarifications, please call our fully interactive self service contact centre GTConnect on (+234)700 482666328, (+234)1-448 0000, (+234)803 900 3900 or (+234)802 900 2900. 
We count on your cooperation to ensure the continued safety of your funds.

Thank you for choosing Guaranty Trust Bank.

The Guaranty Trust Bank Team.

Customers are advised to protect their Internet Banking passwords and ATM Card PINS with utmost confidentiality as the Bank will not be liable for any loss that may arise as a result of a third party having access to such passwords and PINS as to defraud the customer.

Click here to view your Account(s)

ngegy:

Merry Christmas and happy new year in advance to everybody in the house. may the new year bring us a lot of money, amen.
I`ll appreciate if someone could post a list of the insurance companies that are likely to do IPO/PO soon.
Thanks alot.

@ngegy
AIICO PO is on now till December 31. It is very likely to be extended to January 31. It is priced at N2.20.
For more info see the link below:
[url][/url]www.cashcraft.com/AiicoOfferForm.pdf

LondonCool:

@Princesege,

How do you fund your Stock a/c with Cashcarft (in the absence of your GTb online transfer facility ?)

@Londoncool.
Cashcraft has account with GTB. So it was easy to make a 3rd party transfer without any charges. I enjoyed this for almost six months before GTB removed the facility more than 2 weeks ago. I haven't made any transfer since then. The only option left now is telephone transfer or cheque. I must say, I haven't made payment through any of those since I have enough money to trade at the moment.
However if you have a UBA bank account account, their online 3rd party transfer is active but with a charge.

Just this Monday, my sell order for NEM was executed, bought at N2 in 09/11 and sold at N3.38 on 24/12.
So far I have good experience with CC and I do hope they continue with this good impression I have with them.

Londoncool, I 'm not campaigning for CC but I think people should be objective in what they say. Most people only write on hearsay and not on fact. Give a trial and if you are not satisfied then you go elsewhere.

Well I have accounts with Oceanic, 1st, and GTB.
Out of these three, GTB seems to be the best untill a week ago when I can not transact business online again.

It sadens me to dee that 3rd party transfer was removed from online platform. This is was the manin reason I opened the account. Now I have to be phoning. Although before this time there has been no complaint, but the last action put me off.

I expected them to notify me at least three months before so that I can move my money and go any bank that will give me that service.

Does anybody know what is wrong with GTB?

enurayce:

please i still want to know how much i will pay back(principal + interest)  if i take a 1m loan in nNigeria|_
Princesege asnd pennywise thaks,more views welcomed

Average of 1.23M-1.4M pa. If you hold the loan for more than a year, it will go up for sure.

This is not the actual figure. It varies from bank to bank. You may call one of these banks for a quote

Pennywise:

@Princesege

Am not a financial expert (not by a long short) but I do know how to make money .If you have plans for a 3-6 month activity on the floor that means you will be reducing interest payable by half to a quarter ie 11.5-6% which translates to 18% or 13% in cost of funds as the case may be. This appears absolutely achievable judging by recent events (1-3yrs). Many POs turn up 100% in 1 yr if you chose to go that way. For the margin to be worth while, you need to have very good volume and a strong heart. If things don't turn out well, volume could prove lethal.

@Pennywise
What happened to all our investments in your defunct MLM  scheme?  I hope you have paid back all your depositors. Hey I am only joking.

Could you tell me how you can make profit from PO within 3-6months considering the Nigerian situation at the moment.
From my experience, you will be lucky if share cert is ready withing 4 months of purchase from IPPOAlso it takes another  2 months to do the verification with CSCS and get it registered. May be another 2 months to trade and get your money if you have a good broker. It is not a straight forward process.
Maybe you have a better approach please share your ideas.

I reckon it will take about 8 months to be able to trade your stock from PO,depending on the market at at that time, you may sell or hold. However, if you do your research very well nothing is impossible.

Deoba:

I have Eurocomm securities as my broker.The company is efficient. The company takes order from on-line.I have been with this company since 5 years ago and i don't regret having Eurocomm as my brocker.I don't live in the country but i  buy and sell as if, i am living in Nigeria.I am happy with their services

@ DDebar|_Can you check or monitor your portfolio online. Is it real time or a day after?
What is your broker's website? How do you  fund your stock account, online transfer or cheque?
How many days or hours does it take your broker to respond?
Kindly answer those questions please.

enurayce:

Please i need response from u all ASAP.Whats the current lending rate in Nigeria and whats the total amount that i'll pay back for borrowing 1m for either 6months or i year.waiting for all your response.
thanks

@enurayce
Are you considering taking loan in Nigeria for the purpose of  stock trading?
Please be advised to have all your fundamentals checked properly before you venture into such a thing. If you look at the interests, most of your profit must have been eroded if at all. Look at my analysis:

Bank Interest=                  23% PA
Broker(Buy/Sell) =             6% or 5.5% on cost
COT =                                1% if I am coreect.
Total =           correct         30%

From the above calculations, your growth must be above 31% before you can make any profit.
Although you might be lucky to grow your portfolio by more than 50% but you need to do your research very well.
Dont forget, if the market moves against you, you must still pay back the loan to the bank within the agreed time. If that time is exceeded, bank can sell all your stocks to recover their loan at any current price, your loss notwithstanding.
I am not trying to be pessimistic but  I am just giving advice before you go into it. Here in the UK, things work differently. You can get a loan for 6-9% depending on your credit rating. So I am looking at it from UK point of view. Nigeria situation is different.

If you can secure a loan for 10% interest pa, I will say go ahead but to be honest Nigerian loans are too expensive.
UK and US are OK.

All the best for the future.

ngegy:

Fidelity union securities is also very good, you can give buy\sell orders online and they`ll buy even if you don't have enough money in your account. I`ll say i`m satisfied with their services.

@ngegy.
Could you tell us how fast FUS reponds to your sell/buy order. Emphasis on sell orders please. I will like to have a second broker . Although Cashcraft is not doing bad for me at the moment but I need a back up. UBA or FUS?

LondonCool:

@LondonCool,

Has anyone here operated a Stock a/c with Cashcraft ? I just wanted to find out about their efficiency in transacting Stock orders. I am looking for an alternative Stock Firm to Afrinvest who have been a bit too lethargic for my liking.




Cheers !!

I have been using Cashcraft since 2001. They may not be 100% efficient but their on line facility is one of the best. The service you receive depends on your account officer. I will suggest you call their head office and demand for a good account officer who knows what is meant by prompt execution of orders, I bet you will a good experience with cashcraft.
What I did was to get Kunle in account department so that anytime I transfer money from GTB , my stock account is credited immediately or at worst the second day. This was shortlived just last week when GTB removed 3rd party transfer from their online banking platform, very painful and disappointing I must confess. Also I follow up with email and I have been getting a good response. I remember when I bought NEM in November, it took just a day to carry out my order. So Londoncool, it all depends on your account officer and the market of the day at NSE. If you want to give a shot, go ahead and try it yourself.

Hi bankers in the house.
Can anyone explain why GTB removed 3rd party online transfer faciltiy?
I am ver disappointed about this development not just because the tool was removed but for lack of consideration/sensitivity to GTB customers. There is no information prior to the removal so that I can plan for alternative way of trasfering money for Xmas since as I am not in Nigeria at the moment.

It is sad that GTB could do this why because that is the quickest way of sending money to brothers and sisters in Uni and my aged parent as well.

Can you imagine third party online transfer being stopped all in the name of security. No I don't think so. There must be something more than that. Here in the UK, you don't just remove a faciltity without informing your customers.
I was sad because I had planned to send money via this medium for Xmas festivity.
I think I have to close my account with GTB and go elsewhere. This is a breach of contract on the part of GTB. I opened the account just because of this online 3rd party transfer. A bank whose customers opinions do not matter.
Rubbish!.

Is this one of the reasons GTB stopped a third party online transfer?
It is sad that GTB could do this why because that is the quickest way of sending money to brothers and sisters in Uni and my aged parent as well.

Can you imagine third party online transfer being stopped all in the name of security. No I dont think so. There must be something more than that. Here in the UK, you dont just remove a faciltity without informing your customers.
I was sad because I had planned to send money via this medium since I am not Nigeria.
I think I have to close my account with GTB and go else where. A bank whose customers opinions do not matter.
Rubbish!.

You may need to ring the branch for confirmation of when your card will be ready. Although the cards come from their head office, you will receive an email to this effect. But you will pick both your cheque book and ATM card from the branch office. Usually all these will be ready in two weeks time.

I already made about 13%(Excld Comm.) on NEM at the moment, is it wise to offload considering the FYE which is 31/12/07.

Ditto for MBENEFIT.

What do you reckon, TO SELL OR HOLD?

Over to gurus in the house.

Prince

At what percentage increase could a stock be sold in order to break even or make a profit?
Exact answeres pls.

I heard that Firstinland is suspended from trading. Can anyone confirm this pls. I wanted to offload when my broker informed. It is good to offload at this time. I have made 62% already.

I am not the 1st born of my father but the 1st son. I can tell you that being the 1st son carries a lot of responsibilities as well. All the ladies in my family look onto me for leadership since the demise of our father. As much as it can be fun, I tell you it is not a joke. To whom much is given as 1st son or 1st born, much is demanded/expected.

What was the Nigerian line up?
Can anyone comment on the quality of play by our boys?
Thanks.

Almost all the big banks are now going for IPO. Can we examine what these activities potend for investors and our banking industry in general?

I hope they are not affected by the credit crunch being witnessed in almost all the western countries.

I welcome constructive comments please.

Prince.

@omowonuola
Which part of Nigeria are you? Abuja or Lagos.
Can you do any project at Abuja?
Let me hear from soon.

I am interested in this deal. Can I start with 6 flats with you in Abuja.
Reply ASAP to oyeniran@yahoo.com quoting details of your plan and what is involved.

I Hope to hear from you soon.


Prince

Dr Balogun,
Thank you very much for all your advice and professional answers to all the questions.
We need more Nigerians like you.
May God continue to give you wisdom, divine health and favour in all your ways.

Once again, thank you.

Prince

What type of buildings are currently being built in Kuje area of Abuja?
I will appreciate any informed response pls.

There are two ways of registering our displeasure over VAT increase.
1. We need to mobilise ourselves in different local govts and states and set up an on line petition just like Seun has started doing. This may at the long run work because the polls results will be visible all over the world and our leaders may for that reason respond.

2. Protests at Aso Rock. All we need is to mobilise just 500,000 people with local and international media stating our points in placards and posters. They may listen

The point is that VAT increase will not solve Nigerian problems but will only enrich the few individuals who are bent on crashing Nigeria.
The UK government is very transparent to a larger extent. Before the rise, there must have being a consultation via opinion polls. And everybody can see where the additional revenue is spent. But over the years, that has not been the case in Nigeria. Any increase in whatever form has not benefited anyone but rather impoverish average Nigerian.

I like Nigeria and I will like to see sanity restored in the entire system where no one would just wake up and increase VAT by 200%(Insane), where no one would close down business without any cogent reason or evidence , where businesses will be allowed to flourish by giving tax incentives rather than VAT burden.

I will like to buy the current Fidelity Bank Plc  on PO. Is it a good buy at N8?
Thank you.

Count me in pls. Kindly send the form for PP to taiwooyeniran@gmail.com.

Many thanks.

Many thanks Hakir.
I will expect your mail a explained.

Thanks for your prompt reply.
I am interested in this up and coming area.
Could help in getting some plots there?
If yes, how much is a plot going for now?
What are the procedures of buying land in that area of Abuja.

Could you also, send details of your service charge and detailed analysis of what your found plots can be used for as contained in GIS of Abuja master plan.

Could you aslo suggest any builder, Architec that can help carry out the building contruction there. If possible I want a suggested building plan, cost, and date and time of finishing the projecty.
Send reply to ronke_2001@yahoo.com
Thank you.