UPFRONT INTEREST SAVINGS SCHEME….

A FGN Savings bond is a ‘revolving’ 91-day FGN Treasury Bill.

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Retail investors can create their own savings plan for their respective target project finance (e.g rent, pension, property purchase, health charges, school fees etc) under the CSCS digital custody while getting better annual interest rates (>13% p.a) than those available at commercial banks (2 – 4% p.a).

In order to replicate money market (OMO bills & T-bills) characteristics when retail investors are creating/maintaining their high yield savings plan, our ARMF Bond Portfolio (a prop closed fund) is providing the following savings product to retail investors:

Upfront Quarterly Interest Payment Savings Scheme

For example, for a min. N100,000 investment, an investor who desires to buy 2 – 3 yrs FGN Savings bonds (also known as “revolving 91-day FGN T-bills”) via DMO primary auction and/or on the NGSE secondary bond market (via TRW Stockbrokers Ltd) will be paid upfront his/her expected quarterly interest by our ARMF Bond Portfolio directly into the client’s bank acct or into the client’s CSCS trading acct with TRW Stockbrokers as mandated.

For a min. N1,000,000 investment, an investor who desires to buy 1 – 20 yrs FGN Treasury/Sukuk bonds via DMO primary auction and/or on the FMDQ/NGSE secondary bond market (via TRW Stockbrokers Ltd) will also be paid upfront his/her expected half-year interest on a quarterly basis by our ARMF Bond Portfolio directly into the client’s bank acct or into the client’s CSCS trading acct with TRW Stockbrokers as mandated.

ARMF Bond Portfolio will charge a 10% funding fee. The process will revolve every quarter beginning till bond maturity unless the investor makes an urgent sales mandate before the bond’s maturity. The purchased FGN bonds are kept under the custody of TRW Stockbrokers Limited.

For example, a successful primary auction bid of N100,000 investment in a 3-yr FGN S-bond this Sept-2018 DMO PMA (FGS202137: 12.364% FGNSB 12 SEPT-2021) would receive (at the beginning of every quarter) a gross upfront quarterly interest of N3.091 minus a 10% funding charge of N309.10 => a net upfront quarterly interest of N2,789.10

Early Withdrawal Penalty Before Bond Maturity (Fire-Sales) Under The Upfront Interest Savings Scheme

Retail investors’ not matured FGN Bonds fire-sold (per investors’ sales mandate) within the Portfolio Of The Upfront Interest Payment Savings Scheme will be executed as follows:

• If a client wants to fire-sell his/her FGN bonds with coupon >14% p.a, our ARMF Bond Portfolio can bid a max. bid clean price of N950.00 per bond;
• If a client wants to fire-sell his/her FGN bonds with coupon btw 13% – 14% p.a then our ARMF Bond Portfolio can bid a max. bid clean price of N900.00 per bill;
• If a client wants to fire-sell his/her FGN bonds with coupon <13% p.a then our ARMF Bond Portfolio can bid a max. bid clean price of N850.00 per bill;
• If the secondary bond market bids are better than ARMF Bond Portfolio’s bids, then the bonds will be sold directly on the market;
• The last ‘paid’ upfront quarterly interest will be refunded by the client in full i.e 100% interest value minus accrued interest for the quarterly period.

We have decided to place these withdrawal terms in order to prevent the use of the savings scheme for speculative purposes and to ensure investors save properly for their various target development/finance purposes. Thus, make sure that You choose the suitable bond maturity tenure/duration that serves your savings/investment purposes !!!

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Caution – selling bonds on the secondary bond market before maturity, can either incur capital loss or capital gain !!!!

Should you require further information on how to get the best (and higher) coupon for Your FGN bonds purchase, please contact directly Ekwueme Mike Anyadibe (080 6656 4748 and/or e-mail: ekwueme.anyadibe@trw-stockbrokers.com and/or live during trading hours via skype #ID: respartner): Fixed Income Sales.

Thank you…

TRW BOND TEAM
Corporate Office: 62/64 Campbell Street (Kajola House)
4th Floor Lagos Island Lagos .
234-1-7646689,234-1-2710224-5
Email: info@trw-stockbrokers.com; ekwueme.anyadibe@trw-stockbrokers.com
website: http://www.trw-stockbrokers.com

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LAFARGE AFRICA PLC – OPENING AND CLOSING DATES OF RIGHTS ISSUE

By NGSE Media,

LAFARGE AFRICA PLC
LAGOS: 17TH DECEMBER 2018

Announcement of Opening & Closure Dates of Rights Issue

Lafarge Africa Plc (“Lafarge Africa”) hereby notifies The Nigerian Stock Exchange of the clearance by The Securities and Exchange Commission (SEC) to open its announced N89.2 billion Rights Issue.

Offer Opens: Monday 17th December, 2018

Offer Closes: Monday 28th January, 2019.

Lafarge Africa will raise N89.2 billion by way of a Rights Issue of 7,434,367,256 shares at N12.00 per share, by issuing 6 new shares for every 7 shares held by shareholders as at 4th December, 2018 which is the Qualification Date.

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Please use any of TRW Stockbrokers Limited bank accounts as the settlement account with respect to the offer. If you have any further enquiries, kindly email info@trw-stockbrokers.com – we look forward to your participation in this issue.

Thank you.

TRW Stockbrokers Limited,

Corporate Office: 62/64 Campbell Street (Kajola House)
4th Floor Lagos Island Lagos .
234-1-7646689,234-1-2710224-5
Email: info@trw-stockbrokers.com;
website: http://www.trw-stockbrokers.com

Fidelity bond: SEC gives operators deadline….

By The Nation,

The Securities and Exchange Commission (SEC) has directed all capital market operators to ensure they submit their updated fidelity bond on or before January 31.

A fidelity bond is essentially a form of insurance against internal fraud, malpractices and willful professional negligence. It provides cushion for various losses that might arise from employee’s dishonesty.

In a circular to all capital market operators, SEC noted that by virtue of Rule 27 (1) of SEC Rules and Regulations, which was made pursuant to the Investments and Securities Act, 2007, every registered capital market operator is required to provide and maintain a bond or professional indemnity insurance policy.

“In view of the foregoing, all registered capital market operators who have not updated their fidelity bond for the year 2019 are required to do so on or before January 31, 2019. All fidelity bonds submitted to the commission shall cover the period between January 1, 2019 and December 31, 2019,” SEC stated.

The commission warned that failure to comply with the deadline would attract penalty as stipulated in extant rules and regulations. Operators with deficient fidelity bond might not be allowed by SEC to handle transactions.

SEC had in 2013 adopted the annual Gregorian calendar as duration for each fidelity bond. The change came on the heels of an exclusive report by The Nation that some 213 capital market operators including several high-brow law firms, reporting accountants, banks, investment management firms and advisory firms were operating with expired fidelity bond.

The expiration of fidelity bonds makes the functional registration of the companies and individuals as capital market operators incomplete.

NSE PRICE LIST FOR JAN 22 2019

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The Most Powerful Wealth-Building Secret in Investing….

By Nick Giambruno – Casey Research USA,

What is the greatest secret in all of investing?

What really separates amateurs from professionals?

Losers from winners?

If you search the internet, you’ll find dozens of people with dozens of answers to this question. Some will say the secret is their proprietary trading system. Some will say it’s their method of picking stocks. I’m sure some of those ideas are useful. But they’re not nearly as useful as something I call “the most powerful wealth-building secret in investing.”

Master this skill and you’ll consistently spot opportunities to make five or 10 times your money on safe investments. I know that’s counter to the conventional investment wisdom that says you have to take big risks to make big returns. Well, after learning this secret, you’ll know that you most certainly do not have to take big risks to make big returns. You’ll know most people have it backwards. You simply have to know how to apply this one skill.

It’s a skill that helped make Warren Buffett one of the richest men in the world. A skill that helped make Casey Research founder Doug Casey millions of dollars in the stock market. And a skill that made Sir John Templeton a rich man and one of the most respected investors of all time. I’ll tell you what this skill is in a moment. First, I want to show you three real examples of how it has made investors rich.

1) In 1939, legendary investor John Templeton made a fortune betting against the crowd…

At the time, millions of Americans were in poverty due to the Great Depression. And Nazi Germany had just invaded Poland to kick off World War II. There was an incredible amount of fear in the world. But Templeton, a recent college graduate, invested $10,000 in U.S. stocks. That’s the equivalent of $167,000 today.

Amazingly, Templeton didn’t even study which companies to buy. He didn’t need to. He knew that the extreme fear in the world had pushed U.S. stocks down to ridiculously cheap prices. He simply bought any stock selling for less than $1 on the New York and American stock exchanges. Four years later, Templeton sold his portfolio for a 300% gain. Today, he’s known as the greatest stock picker of the last century.

2) In 2008, iconic U.S. bank Lehman Brothers failed…

It was the biggest bankruptcy in U.S. history. U.S. stocks crashed more than 50%… the biggest crash since the Great Depression. And the stock prices of many great businesses dropped 80% or more.

People were terrified of losing everything: their jobs, their houses, their life savings. There was an incredible amount of fear in the markets. But the fear was masking an incredible opportunity…It was the best time to buy quality stocks in 30 years. Investors who purchased quality stocks in late 2008 made a killing.

For example, an investor who bought stock in coffee chain Starbucks in late 2008 has made more than 1,960% on his money. An investor who bought technology company Apple made as much as 1416%. Ford Motor Company’s stock gained more than 1,200% in just over two years after the financial crisis. The list goes on. Many quality companies gained at least 10x in less than two years from February 2009, including Ruby Tuesday (+1,072%), Crocs (+1,347%), La-Z-Boy (+1,016%) and Gulfport Energy (+1,227%).

3) In 2010, an oil rig named Deepwater Horizon exploded off the coast of Louisiana…

The blast instantly killed 11 workers and eventually spilled 4 million barrels of oil into the Gulf of Mexico. It was the worst environmental disaster in U.S. history… and the biggest oil spill in world history. The negative media coverage was nonstop.

As partial owner of the oil rig, British oil giant BP became one of the most hated companies in the world. In a matter of weeks, BP’s stock price collapsed from $59 to $27… for a stunning loss of value of $105 billion. At that point, hardly anyone would touch BP stock… but smart investors asked, “Are BP’s assets really worth $105 billion less today than they were a month ago… or are investors overreacting?” It turned out investors were overreacting. Buying BP stock near its bottom made an 80% gain in just a year. It also locked in a safe 6% (and growing) dividend yield.

Although these stories of massive wealth creation are all very different, they have one thing in common…They show the power of buying assets during times of maximum pessimism… when no one else wants to buy. You see, from time to time, an extraordinary opportunity comes along to buy a dollar’s worth of assets for a dime.
If you can spot these opportunities, you can make gigantic returns without taking big risks. After all, the gains we just discussed didn’t come from investing in speculative biotech stocks or tiny gold companies. Many of them came from just the opposite: iconic, blue-chip American companies that have been around for decades.

According to Wall Street, you must take big risks to earn big returns. But these stories show that’s not true. Buying valuable assets for pennies on the dollar is one of the least risky investments you can make, but you must have free cash at that moment !!!

Warren Buffett, Jim Rogers, and generations of Rothschilds got rich using this strategy.
I believe this is the most powerful wealth-building strategy available to anyone. Amateur investors run from a crisis. Great investors run toward it.

Regards,

Nick Giambruno
Chief Analyst, Crisis Investing

 

 

 

Zedcrest Capital – Daily FMDQ Bond Market Report 21st January 2019…

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ACCESS_BANK_PLC: NOTICE OF CANCELLATION OF EXTRAORDINARY GENERAL MEETING

By NGSE Media,

Access Bank Plc (‘the Company’) hereby advices of the cancellation of the previously publicised Extraordinary General Meeting scheduled to hold on February 1, 2019 at Balmoral Convention Centre, Federal Palace Hotel, Ahmadu Bello Way, Victoria Island, Lagos at 10.00 a.m.

We regret any inconvenience that this cancellation may cause our shareholders. This announcement is also available on the Company’s website: http://www.accessbankplc.com

BY ORDER OF THE BOARD

SUNDAY EKWOCHI
Company Secretary
FRC/2013/NBA/00000005528
Plot 999c Danmole Street
Victoria Island

NSE PRICE LIST FOR JAN 21 2019

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NGSE, Afrinvest Launch Factor Equity Indices to Optimize Investors Returns…

By NGSE Media,

The Nigerian Stock Exchange (“the Exchange” or “NGSE”), a multi-asset exchange & index provider, and Afrinvest Securities Limited (“ASL”), a leading capital market research and securities execution platform, are pleased to announce the launch of two new factor indices: the NSE-Afrinvest Banking Value Index (NSE-Afr BVI) and NSE-Afrinvest High Dividend Yield Index (NSE-Afr HDYI). The indices will be available real-time on both NSE and Afrinvest WA websites from Monday, January 21, 2019.

NSE-Afr BVI and NSE-Afr HDYI were designed in response to requests for applicable benchmarks for measuring value in banking stocks and high dividend stocks listed on the Exchange. They will serve as tools for investment managers and corporate treasuries seeking appropriate benchmarks to evaluate the performance of their portfolios to a segment of the banking sector or high dividend orientation as applicable. The indices can also be used as the performance target in index-replicating financial products such as Exchange Traded Funds and Derivatives.

On the launch of the indices, the Chief Executive Officer​ of the Exchange, Mr. Oscar N. Onyema, OON, remarked, “In view of rising demand for financial products that adequately meet the needs of market participants, particularly investors, the Exchange is pleased to collaborate with Afrinvest West Africa on these novel index strategies. The indices consider the fundamentals of underlying securities. We commend Afrinvest for its product innovation and for leveraging the Exchange’s Index calculation and management expertise”.

“The Exchange is committed to driving sustainability of our marketplace and supporting investable product creation endeavours by stakeholders to enhance the depth of the market. We will continue to welcome innovative solutions to identifiable gaps in the capital market”.

Mr. Ike Chioke, Group Managing Director, Afrinvest West Africa, also said “Afrinvest West Africa is proud and excited at the rollout of the new indices in collaboration with The Nigerian Stock Exchange. It is our belief that this partnership will serve as a veritable proponent for more forward-thinking initiatives meeting market needs. On the back of these indices, investors will now enjoy the benefits of proxies that seek out dividend-paying stocks and value-oriented banking stocks listed in Nigeria”.

The NSE-Afr BVI and the NSE-Afr HDYI as with all other NGSE indices will align with the NGSE’s Index committee’s governance standards. Guidelines and methodologies for the indices are publicly available on the website of NGSE and Afrinvest.