MarketWatch

[zainabusman]

Originally Posted by knightofdelta

3%?? Wow.

I have been trading for friends for 5% per month!

Anyone interested in 4%? PM me!

The 5% u are getting is it 5% of profit made? Or 5% of capital?

The 3% mentioned above is 3% on amount loaned. So a N100,000 loan will attract N3,000 monthly interest at a minimum. It also depends on the borrowers risk profile. High risk will be charged higher. The ecobank credit card charges 3% flat.

[knightofdelta]

Originally Posted by zainabusman

The 5% u are getting is it 5% of profit made? Or 5% of capital?

The 3% mentioned above is 3% on amount loaned. So a N100,000 loan will attract N3,000 monthly interest at a minimum. It also depends on the borrowers risk profile. High risk will be charged higher. The ecobank credit card charges 3% flat.

5% of capital with an annualized return of 60% per annum on capital. So with N100,000 you get N5,000 per month.

[waaan5]

Originally Posted by zainabusman

I agree. The NSE is right now not the best place to put ur money if u want to sleep easy. The regulators have done so much damage to the credibility of the market.
I can only advice people to enter this mkt if they plan on holding forever. That is they dont care whether the company is quoted. They are content with the dividend alone.

And I have just made some deposits for shares! But I agree 100% with you. What with Ndi's recent qoute of wanting to LIFT stock prices to artificial levels! The only purpose I see that serve is to check the margin calls by HER bankers. Talk about selfishly devilish.
Any time that is effected, means my exit from the NSE. I am just hoping she was mis-quoted or just testing the waters with those statements.

[panej]

Originally Posted by lordgbengss

Bros i would advise you try Kazakhstan stock exchange,its an emerging market also.......

I'm sure it is better than NSE and THEY HAVE ELECTRICITY!!!!

[knightofdelta]

Originally Posted by panej

I'm sure it is better than NSE and THEY HAVE ELECTRICITY!!!!

Despite all the bad things happening on the NSE, it still has its upside. It is currently one of the very few stock exchanges in the world offering T+3 services. The only exchange that I know that does T+3 is the London Stock Exchange.

I have taken a quick look at their market. They are more interested in debt securities than stocks. But it looks interesting though and the stock index is on the rise. Not a bad time to enter the Kazakhstan market.

[lordgbengss]

Please this is off-topic but please pardon me,please can anyone help me get or knows where i can get data of the south african and Ghana stock exchange index(JSE index and GSE index),any help will be duly appreciated,thanks

[panej]

Originally Posted by knightofdelta

Despite all the bad things happening on the NSE, it still has its upside. It is currently one of the very few stock exchanges in the world offering T+3 services. The only exchange that I know that does T+3 is the London Stock Exchange.

I have taken a quick look at their market. They are more interested in debt securities than stocks. But it looks interesting though and the stock index is on the rise. Not a bad time to enter the Kazakhstan market.

I don't know what T+3 means (I hope you're not referring to settlement period), but if it is that good, why isn't it popular with other exchanges and what is the big advantage and how is it really helping NSE!!!

[panej]

Originally Posted by lordgbengss

Please this is off-topic but please pardon me,please can anyone help me get or knows where i can get data of the south african and Ghana stock exchange index(JSE index and GSE index),any help will be duly appreciated,thanks

G-O-O-G-L-E.C-O-M!!!

[knightofdelta]

Originally Posted by panej

I don't know what T+3 means (I hope you're not referring to settlement period), but if it is that good, why isn't it popular with other exchanges and what is the big advantage and how is it really helping NSE!!!

Theoretically it makes the NSE more liquid than most stock exchanges in the world i.e. you have a shorter time to get your money from the time you sell a stock. Your stockbroker will ordinarily give you a cheque the next day after you sell a stock, two days before your money clears into their account.

[panej]

Originally Posted by knightofdelta

Theoretically it makes the NSE more liquid than most stock exchanges in the world i.e. you have a shorter time to get your money from the time you sell a stock. Your stockbroker will ordinarily give you a cheque the next day after you sell a stock, two days before your money clears into their account.

That is just "Settlement Period"; but how is it such a big advantage for NSE and if it is the best thing since sliced bread how come other exchanges (if it is really at stock exchange level) are not tripping over themselves to adopt such a "lucrative" position that has supposedly made NSE the best?

[Hypower]

It seems to be towing the line of the way things are done in Nigeria; unfortunately.


We are just discovering.....
Now that we know that NSE has the typical Naija characteristics what next?

[panej]

Originally Posted by Hypower

It seems to be towing the line of the way things are done in Nigeria; unfortunately.


We are just discovering.....
Now that we know that NSE has the typical Naija characteristics what next?

Treat it like you do the other things: bend over and be happy you're being raped!! (I hope this is not too crude for this forum, but that is how I really feel about the way we're treated in that country....sorry)

[Michael]

Originally Posted by waaan5

And I have just made some deposits for shares! But I agree 100% with you. What with Ndi's recent qoute of wanting to LIFT stock prices to artificial levels! The only purpose I see that serve is to check the margin calls by HER bankers. Talk about selfishly devilish.
Any time that is effected, means my exit from the NSE. I am just hoping she was mis-quoted or just testing the waters with those statements.

You disappoint me to imagine that Madam needs to be misquoted. She can make more than enough gooofs on her own, she really does not need to be misquoted. She has already told you that No exchange allows their stock prices fall below Book Value. You need more faith in madam!

[Michael]

Originally Posted by knightofdelta

Theoretically it makes the NSE more liquid than most stock exchanges in the world i.e. you have a shorter time to get your money from the time you sell a stock. Your stockbroker will ordinarily give you a cheque the next day after you sell a stock, two days before your money clears into their account.

Not when the brokers accounts are frozen by the banks that they owe! T+3 = T + Infinity! and If Madam applies the magic she has described, it would be T + Infinity Plus

[yemo]

Originally Posted by Michael

[/B]You disappoint me to imagine that Madam needs to be misquoted. She can make more than enough gooofs on her own, she really does not need to be misquoted. She has already told you that No exchange allows their stock prices fall below Book Value. You need more faith in madam!

Yes. One of those people who are "highly intelligent when they dont speak at all"

The annoying thing is that most times this our market responds to whatever utterances come forth increasing the uncertainty, and more importantly, the PERCEPTION that there is little understanding and manipulation by the very people who are meant to regulate the market. How many people do you know who are simply angry because they feel that they have been conned? Its no surprise that operators in the market have previously acted with impunity if at face value their belief is that even regulators subscribe to the same values.

[zainabusman]

The Index recorded a new 52 week low today when it closed at 19,815. The previous low established on March 30th was 19,825. The Index is now down 37% for the year.

And from the way Madam is hell bent on further undermining investor confidence, the short term direction of the Index is not very promising.

The Insurance sector is on the verge of collapse with 17 out of the 25 stocks trading at their 52 week lows. Is there an opportunity in Insurance? I doubt as there are just too many of them with large number of shares outstanding. Additionally, i see them reporting not so stellar earnings due to their exposure to the stock market and stiff competition from bank owned insurance companies.

FBN is close to its year low closing at N14.02. Maybe there is opportunity there given the recent rise of Zenith after it breached its previous low.

[wanaj0]

Originally Posted by zainabusman

The Index recorded a new 52 week low today when it closed at 19,815. The previous low established on March 30th was 19,825. The Index is now down 37% for the year.

And from the way Madam is hell bent on further undermining investor confidence, the short term direction of the Index is not very promising.

The Insurance sector is on the verge of collapse with 17 out of the 25 stocks trading at their 52 week lows. Is there an opportunity in Insurance? I doubt as there are just too many of them with large number of shares outstanding. Additionally, i see them reporting not so stellar earnings due to their exposure to the stock market and stiff competition from bank owned insurance companies.

FBN is close to its year low closing at N14.02. Maybe there is opportunity there given the recent rise of Zenith after it breached its previous low.

Watching IEI and FBN closely. Learnt that Oceanic result is being delayed for CBN approval of its dividend. Relase of Oceanic, GTB and IBTC's result will provide direction. Inters result should also be ready next month. So na to wait till June/July to know the direction to go.

IEI, will bite the bullet on that one. N0.91 even after share reconstruction?

[zainabusman]

Originally Posted by wanaj0

Watching IEI and FBN closely. Learnt that Oceanic result is being delayed for CBN approval of its dividend. Relase of Oceanic, GTB and IBTC's result will provide direction. Inters result should also be ready next month. So na to wait till June/July to know the direction to go.

IEI, will bite the bullet on that one. N0.91 even after share reconstruction?

Unless u are in for long term, i advice caution against Insurance stocks. They have been on a free fall. IEI on paper looks good. I sincerely hope all the calculations we have been doing on IEI are based on correct number of stocks outstanding.

Please let the banks release the results to calm nerves.

[hispy99]

Originally Posted by knightofdelta

5% of capital with an annualized return of 60% per annum on capital. So with N100,000 you get N5,000 per month.

I would like to meet your generous friends. 5% of capital a month? ur own pass hedge fund

[hispy99]

NSE blames capital market woes on banks

By Michael Eboh

The Nigerian Stock Exchange (NSE), has blamed the current crisis in the nation's capital market on the unethical and unprofessional conduct of banks who engage in activities that are capable of downgrading investors' confidence.

Briefing market operators in Lagos, yesterday, on the outcome of the World Stock Exchanges meeting in Monaco, France, NSE's Director-General, Professor Ndi-Okereke Onyiuke, said for any meaningful solution to the crisis in the market to be achieved, the banks must accept responsibility for their actions, especially, for contributing to the liquidity crisis in the market.

According to her: "For any meaningful bounce back in the capital market, the banks must accept responsibility for their actions"

"Most of the funds that left the market were through the banking sector, and, these funds found their way to the real estate sector among others. What we lacked in the market presently, is liquidity.

"There is nothing wrong with the market. The fault is not with the stockbrokers, but it is with the other financial institutions, especially, the banks.

"The banks should know that the problem in the market affects them too, and must work together with other stakeholders to find a lasting solution to the crisis."

She added that NSE had scheduled a meeting of stakeholders in Abuja for tomorrow, and will be attended by the Governor of the Central Bank of Nigeria (CBN), Prof. Chukwuma Soludo.

She expressed optimism that after the meeting, the CBN governor would brainstorm with banks' chief executives on finding a lasting solution to the crisis in the market.

She added that to reduce the impact of the crisis on investors, NSE had put in place measures to ensure that the prices of companies listed on the exchange does not falls below their book value.

According to her, it is a global practice by stock exchanges worldwide, especially when the fundamentals of the companies are still strong.

She noted that investors in the market have only lost the value of their investments and not their money, because the companies are still existing and performing exceptionally too.

She disclosed that more than 40 per cent of the funds claimed to be lost by investors to the crisis in the capital market were actually trapped in 160 private placements conducted by different companies in the last couple of years.

She advised investors in such private placements to prevail on the companies to list them on NSE to engender liquidity in the stocks.

She said, We have done our research and we discovered that 40 per cent of the total money claimed to be lost by investors in the persistent decline in the capital market, was actually trapped in private placement.

These investors were deceived by the companies that the shares would be listed on the NSE, after many years, the companies had failed to list the shares. I would advise the investors to prevail on the companies to list the shares as soon as possible, so that they can easily recover their investment

-vanguard