The Nigerian Stock Exchange - Live!

[Catweasel]

I notice in the top right section of the NSE web-site the banner "Online Trading" and an invitation to register, which as far as I can see cost N18,000.

Is this real? Is direct online trading really available here in Naija?

Are there any advantages in registering with the NSE site and more importantly relinquishing N18,000 of my hard earned?

Thanks in advance for any information anyone can provide

[billions]

Originally Posted by Catweasel

I notice in the top right section of the NSE web-site the banner "Online Trading" and an invitation to register, which as far as I can see cost N18,000.

Is this real? Is direct online trading really available here in Naija?

Are there any advantages in registering with the NSE site and more importantly relinquishing N18,000 of my hard earned?

Thanks in advance for any information anyone can provide

It shd be N2,500,i believe u will have LIVE access to the main trading engine of the NSE.

You shd have access to d bid/offer positions of all stocks and u can monitor how stock prices respond to demand/supply(live and direct).

If you want to use this information for trading,you will still need ur broker to act on ur buy or sell orders.It is good if u can call ur broker while d market is still open to do d buying/selling 4 u.

I have not registered yet but the above is my opinion abt it.Cheers.

[Catweasel]

Thanks Billions,

Based on what you say it does appear to be worthwhile registering.

Couple of things though.

The Broker I use is Zen Sec and I cannot see them giving me the number of any of their traders, but I will certainly ask.

I am sure it is N18,000 for a individual investor, as I commenced the registration process and stopped at the point it required me to go and pay the cash.

[Articulate]

A colleague sought my advise on investing(about N2 million) in the following stock. He is ready to wait for a year or more as he believes the market would have picked up by then. I need the advise of fellow forumites on the shopping list below:

SECURITY CLOSING PRICE

UNITYBNK 4.60
GUARANTY 22.00
DANGFLOUR 19.56
IBTC 12.23
STARCOMMS 8.28
FIDELITYBK 7.43
FIRSTINLND 6.83
STERLNBANK 5.60

[billions]

Originally Posted by Articulate

A colleague sought my advise on investing(abotu N2 million) in the following stock. He is ready to wait for a year or more as he believes the market would have picked up by then. I need tje advise of fellow forumites on the shopping list below

SECURITY CLOSING PRICE

UNITYBNK 4.60
GUARANTY 22.00
DANGFLOUR 19.56
IBTC 12.23
STARCOMMS 8.28
FIDELITYBK 7.43
FIRSTINLND 6.83
STERLNBANK 5.60

Prices will probably fall further.

Well,GTB is number one in my opinion.It is fundamentally strong and d Mgt seems okay.Dangote Sugar shd be number 2.

Cheers.

[billions]

Originally Posted by Catweasel

Thanks Billions,

Based on what you say it does appear to be worthwhile registering.

Couple of things though.

The Broker I use is Zen Sec and I cannot see them giving me the number of any of their traders, but I will certainly ask.I am sure it is N18,000 for a individual investor, as I commenced the registration process and stopped at the point it required me to go and pay the cash.

It is good...especially if u trade actively.

I have a guy dat i call,it is dis guy that calls d trader 4 me(I know they dont like this method but i still use it if i require an immediate action).Maybe Zen Sec will allow u to do something like dat too.

[Articulate]

Originally Posted by billions

Prices will probably fall further.

Well,GTB is number one in my opinion.It is fundamentally strong and d Mgt seems okay.Dangote Sugar shd be number 2.

Cheers.

Thanks. I will apreciate your views of the other stocks.

[hispy99]

Originally Posted by Articulate

A colleague sought my advise on investing(about N2 million) in the following stock. He is ready to wait for a year or more as he believes the market would have picked up by then. I need the advise of fellow forumites on the shopping list below:

SECURITY CLOSING PRICE

UNITYBNK 4.60
GUARANTY 22.00
DANGFLOUR 19.56
IBTC 12.23
STARCOMMS 8.28
FIDELITYBK 7.43
FIRSTINLND 6.83
STERLNBANK 5.60

Don't have my bedsheet I front of me, but why not oceanic, diamond, Skye, intercontinental instead of unity and sterling?

DSR is a better buy than dangflour in my opinion.

[billions]

Originally Posted by hispy99

Don't have my bedsheet I front of me, but why not oceanic, diamond, Skye, intercontinental instead of unity and sterling?DSR is a better buy than dangflour in my opinion.

@Articulate:Most of the others on ur list are relatively more expensive based on PE ratio.

I agree with hispy99.

[ttoladele]

Originally Posted by Articulate

A colleague sought my advise on investing(about N2 million) in the following stock. He is ready to wait for a year or more as he believes the market would have picked up by then. I need the advise of fellow forumites on the shopping list below:

SECURITY CLOSING PRICE

UNITYBNK 4.60
GUARANTY 22.00
DANGFLOUR 19.56
IBTC 12.23
STARCOMMS 8.28
FIDELITYBK 7.43
FIRSTINLND 6.83
STERLNBANK 5.60

Chief Articulate, i absolutely agree with Billions that GTB is no 1 on this list, the stock has never let me down pesonally, it has been identified by many independent investment analysis to be the most rewarding banking stock in Nigeria in the last 3-5 years. IBTC has become cheaper and therefore more attractive of recent because of improved profitability, i will also suggest Dangote Sugar instead of Dangote Flour that is highly overpriced even at the PO price of 15.00. As for the others, there is no sound financial history behind them, they may be good for speculators in the market.
I hope my little contribution will help your mate, but remember to pay my consultation fees when the bill arrives on your table.

[Articulate]

Originally Posted by ttoladele

Chief Articulate, i absolutely agree with Billions that GTB is no 1 on this list, the stock has never let me down pesonally, it has been identified by many independent investment analysis to be the most rewarding banking stock in Nigeria in the last 3-5 years. IBTC has become cheaper and therefore more attractive of recent because of improved profitability, i will also suggest Dangote Sugar instead of Dangote Flour that is highly overpriced even at the PO price of 15.00. As for the others, there is no sound financial history behind them, they may be good for speculators in the market.
I hope my little contribution will help your mate, but remember to pay my consultation fees when the bill arrives on your table.

I thank you all for your insightful analysis and useful comments. I'll definitely tell my colleague to pay your consultaltation fees and also donate a certain percentage his of profit for further development of this great forum (SMN).

I think the general concensus is that the following stocks offer good prospects:

1. GTB
2. Oceanic Bank
3. Dangote Sugar
4. Intercontinental Bank
5. Skyebank
6. IBTC
7. Diamond Bank



Thanks U all once more.

[azob2002]

Originally Posted by Articulate

A colleague sought my advise on investing(about N2 million) in the following stock. He is ready to wait for a year or more as he believes the market would have picked up by then. I need the advise of fellow forumites on the shopping list below:

SECURITY CLOSING PRICE

UNITYBNK 4.60
GUARANTY 22.00
DANGFLOUR 19.56
IBTC 12.23
STARCOMMS 8.28
FIDELITYBK 7.43
FIRSTINLND 6.83
STERLNBANK 5.60

I would also suggest that you stagger the purchases in view of the present state of the market....thus keeping ur average cost a bit lower than if all are bought at the present amount.

[panej]

Originally Posted by Catweasel

I notice in the top right section of the NSE web-site the banner "Online Trading" and an invitation to register, which as far as I can see cost N18,000.

Is this real? Is direct online trading really available here in Naija?

Are there any advantages in registering with the NSE site and more importantly relinquishing N18,000 of my hard earned?

Thanks in advance for any information anyone can provide

I think that part of their site is a grave site. I filled out the form online about year and a half ago, but when I tried to pay for it, they had no clue what I was talking about. I don't even think any one checks the repository for the online forms for registration. If any one has been successful registering, please share experience.

[donchisel]

Originally Posted by Articulate

I thank you all for your insightful analysis and useful comments. I'll definitely tell my colleague to pay your consultaltation fees and also donate a certain percentage his of profit for further development of this great forum (SMN).

I think the general concensus is that the following stocks offer good prospects:

1. GTB
2. Oceanic Bank
3. Dangote Sugar
4. Intercontinental Bank
5. Skyebank
6. IBTC
7. Diamond Bank


Thanks U all once more.

Personally, i will replace IBTC with UBA and Intercontinental with PHB. Just my humble choice anyway

[panej]

Originally Posted by donchisel

Personally, i will replace IBTC with UBA and Intercontinental with PHB. Just my humble choice anyway

Are these suggestions based on anything or just hunch?