NewStats: 3,261,815 , 8,175,257 topics. Date: Friday, 30 May 2025 at 04:54 PM 6o17d

Our foreign reserve is now $35.52b. I think there is no cause for alarm now.

DexterousOne:


It seems they are cheaper than meritrade

They are the cheapest so far. I am collecting info on all of them to compare.

https://www.investing.com/news/economy/top-5-things-to-know-in-the-market-on-tuesday-march-31st-2126303

http://www.nse.com.ng/Financial_NewsDocs/29399_LAFARGE_WAPCO_PLC._CORPORATE_ACTIONS_MARCH_2020.pdf

Yours truly is heavy here....

thebargainhunte:
Our foreign reserve is now $35.52b. I think there is no cause for alarm now.

Any link to this?

Coolcash1:
http://www.nse.com.ng/Financial_NewsDocs/29399_LAFARGE_WAPCO_PLC._CORPORATE_ACTIONS_MARCH_2020.pdf

Yours truly is heavy here....

Coolcash1:
http://www.nse.com.ng/Financial_NewsDocs/29399_LAFARGE_WAPCO_PLC._CORPORATE_ACTIONS_MARCH_2020.pdf

Yours truly is heavy here....

Say something about the result.
That's what we want now.

DexterousOne:


It seems they are cheaper than meritrade

Yes, cheaper is an understatement! . I use both morgan capital and meritrade but can confidently say morgan has greatly improved and impresses me more.

Coolcash1:
http://www.nse.com.ng/Financial_NewsDocs/29399_LAFARGE_WAPCO_PLC._CORPORATE_ACTIONS_MARCH_2020.pdf

Yours truly is heavy here....

Unlce Peter we need EXPO o

OBAGADAFFI:


Unlce Peter we need EXPO o

Expo for closed period?
The way the stock is trading should give a clearer direction.

If there is strong at #9,the expo is revealed.closing below #9........hmm

leo1234:

Say something about the result.

Nothing to say but remain hopeful just like every other investor holding the shares in their portfolio. Though i am upbeat about the result based on Q3 performance but indifferent about how the market will react.

As a trader, its tough sitting on a massive 60% loss making it very difficult to jump out of the bus now.

Anyway, i continue to observe.

DeRuggedProf:

Yeah, kind of mixed feeling...It is well prof.

Coolcash1:


Nothing to say but remain hopeful just like every other investor holding the shares in their portfolio. Though i am upbeat about the result based on Q3 performance but indifferent about how the market will react.

As a trader, its tough sitting on a massive 60% loss making it very difficult to jump out of the bus now.

Anyway, i continue to observe.

It shall end in praise.

locodemy:


Expo for closed period?
The way the stock is trading should give a clearer direction.

If there is strong at #9,the expo is revealed.closing below #9........hmm

I know, but our Uncle should just address the nation.

anjilgreat:


Yes, cheaper is an understatement! . I use both morgan capital and meritrade but can confidently say morgan has greatly improved and impresses me more.

Why then am I still using meritrade?

Is this a new close period or what? I cant open NSE site is down?

OBAGADAFFI:


Unlce Peter we need EXPO o

Coolcash1:
http://www.nse.com.ng/Financial_NewsDocs/29399_LAFARGE_WAPCO_PLC._CORPORATE_ACTIONS_MARCH_2020.pdf

Yours truly is heavy here....

The above is an old message dated 16th March, informing The Exchange and the general public of AGM which was supposed to hold yesterday 30th March, 2020. Whether or not aforesaid meeting held is another question.

DexterousOne:


Why then am I still using meritrade?

The choice is yours to make.

ojeysky:


Unless there is some hidden charges am yet to find out with meritrade, I think the cumulative charge of 1.3% of meritrade is still better

Meristem
Buying
Brokage commission fee - 1.35%
Sec fee - 0.3%
Stamp duties - 0.075%
Cscs alert - 4naira.

Selling
Brokage commission fee - 1.35%
Cscs Transaction fee - 0.3
Nse fee - 0.3%
Stamp duties - 0.075%
Cscs alert - 4naira.

As copied on the platform

IYGEAL:



The above is an old message dated 16th March, informing The Exchange and the general public of AGM which was supposed to hold yesterday 30th March, 2020. Whether or not aforesaid meeting held is another question.

To the part in bold...
Answer; Yes it did hold !!
It's a BOD meet up though, not AGM. ...AGM should come up after their YE FP is released.

It is well.

IYGEAL:



The above is an old message dated 16th March, informing The Exchange and the general public of AGM which was supposed to hold yesterday 30th March, 2020. Whether or not aforesaid meeting held is another question.

AGM or board meeting.

S007:


Meristem
Buying
Brokage commission fee - 1.35%
Sec fee - 0.3%
Stamp duties - 0.075%
Cscs alert - 4naira.

Selling
Brokage commission fee - 1.35%
Cscs Transaction fee - 0.3
Nse fee - 0.3%
Stamp duties - 0.075%
Cscs alert - 4naira.

As copied on the platform

They are the most expensive so far. I wonder why. United Capital is “slightly” cheaper.

Never really found out about this Morgan of a thing.
I am jumping ship.

Straight to Morgan

onegentleguy:


To the part in bold...
Answer; Yes it did !!

It is well.

Wow.

It Is well o o

Morgan website says brokage fee is 0.5%.

Chai. So this Meritrade dey wound me since. Chai

God go bless the person wey ask this question

http://www.nse.com.ng/Financial_NewsDocs/29533_NEM_INSURANCE_PLC._FINANCIAL_STATEMENTS_MARCH_2020.pdf

For NEM Faithfuls food is done.

No obvious dividend figure in financial statement but looking at the profits and movement in reserves i have a computed a dividend figure of 13k/share which is same figure for last year. So dividend will be static.

I am not an insurance sector follower but quick take on this result which looks average are:

Positives
- 34% increase in gross income (i.e. assuming the are underwriting the right risks and pricing appropriately)
- Fees and commission income increased by 58%
- 8% drop in investment income. Considered acceptable in view of what happened in the market in H2 2019

Negatives
- disproportionate increase in reinsurance fees by 82% compared to GPI. Maybe Reinsurers think they are not underwriting right risks or pricing them appropriately. Most likely the latter in view of cut throat industry competition.
- PBT declined by 29%.
- Tax credit took PAT 18% higher than previous year.

Generally this is one of the better managed companies in the insurance sector. Caution should be watchword for retail investors. This sector is expected to face significant headwinds perhaps more than other industries, in 2020. For dividend lovers, DY @ 13k/s is in 7.2% range.

OBAGADAFFI:


Unlce Peter we need EXPO o

Since March 16th that marks their close period can't we see that some folks are coded and constantly dumping at N9

GonFreecss1:


They are the most expensive so far. I wonder why. United Capital is “slightly” cheaper.

Can you explain what you mean by United Capital is cheaper?

SEC; 0.3%
COMMISSION: 1.00 excluding VAT
STAMP DUTY: 0.075%
TRADE ALERT: N4.20 VAT included

I think the difference is minimal. The figures are for United Capital

PETERiCHY:


Since March 16th that marks their close period can't we see that some folks are coded and constantly dumping at N9

Interesting,

what was the outcome of yesterday Board meeting?

Stock Trading to Continue at Normal Hours, Days—NSE
https://businesspost.ng/economy/stock-trading-to-continue-at-normal-hours-days-nse/

Nigeria Raked $32.6bn from Oil/Gas in 2018—Audit
https://businesspost.ng/economy/nigeria-raked-32-6bn-from-oil-gas-in-2018-audit/

Dollar Nears N400/$1 at I&E, Trades N415/$1 at Black Market
https://businesspost.ng/economy/dollar-nears-n400-1-at-ie-trades-n415-1-at-black-market/

Stock Market Loses N277bn as Investors Prepare for Lockdown
https://businesspost.ng/economy/stock-market-loses-n277bn-as-investors-prepare-for-lockdown/

Lockdown: List of GTBank ATMs to Remain Active Lagos, Ogun, Abuja
https://businesspost.ng/banking/lockdown-list-of-gtbank-atms-to-remain-active-lagos-ogun-abuja/

LIRS Shifts Deadline for Filing of Annual Returns
https://businesspost.ng/general/lirs-shifts-deadline-for-filing-of-annual-returns/

135 Test Positive for Coronavirus in Nigeria
https://businesspost.ng/health/135-test-positive-for-coronavirus-in-nigeria/

Coolcash1:


Nothing to say but remain hopeful just like every other investor holding the shares in their portfolio. Though i am upbeat about the result based on Q3 performance but indifferent about how the market will react.

As a trader, its tough sitting on a massive 60% loss making it very difficult to jump out of the bus now.

Anyway, i continue to observe.

How can you claim to be a trader and still remain in a trade after a whooping 20% loss
let alone a 60% loss

OBAGADAFFI:


Interesting,

what was the outcome of yesterday AGM?

Board meeting Sir, not AGM.