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Re: Nigerian Stock Exchange Market Pick Alerts by sky2891: 5:31am On Oct 15, 2016 |
angelo82:The worst days of FBNH has come and gone. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 7:24am On Oct 15, 2016 |
sky2891:ISSOKAY |
Re: Nigerian Stock Exchange Market Pick Alerts by ihedioramma: 7:57am On Oct 15, 2016 |
Re: Nigerian Stock Exchange Market Pick Alerts by zendi: 8:13am On Oct 15, 2016 |
Re: Nigerian Stock Exchange Market Pick Alerts by Mfunkynation(m): 8:29am On Oct 15, 2016 |
Re: Nigerian Stock Exchange Market Pick Alerts by sky2891: 8:39am On Oct 15, 2016 |
locodemy:However, let's see what the Q3 result will look like. |
Re: Nigerian Stock Exchange Market Pick Alerts by zendi: 12:18pm On Oct 15, 2016 |
fxuser: exacerbated by the ease of itrading. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by kolaish(m): 3:46pm On Oct 15, 2016 |
sky2891:FBNH Q3 will be good. it will be a follow up on their Q2. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by kentoto: 5:41pm On Oct 15, 2016 |
kolaish: Peopel, lets hope so, with their increasing NPL portfolio, Q1 loan loss provision was circa N12.5Bn, Q2 was N69Bn, Q3 will be .... so which trend will they improve on?. FBNH Gross earnings is always the highest in the sector, but their cost profile and NPL is killing them. they need to reverse that trend, a good proportion of their loan book is Oil and Gas related and crude oil has not shown positive direction and the country too has no economic direction. its Q3 will determine its direction in the short term, people should forget the long term abeg. Just jijo and move on k 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 7:50pm On Oct 15, 2016 |
kentoto:Jah bless you |
Re: Nigerian Stock Exchange Market Pick Alerts by kentoto: 9:17pm On Oct 15, 2016 |
locodemy:. Amen ooooooh, if na one all man need now , na Gods blessing. God bless all of us in the forum. Make market move forwark K 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by kentoto: 9:17pm On Oct 15, 2016 |
locodemy:. Amen ooooooh, if na one all man need now , na Gods blessing. God bless all of us in the forum. Make market move forwark K |
Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 5:01pm On Oct 16, 2016 |
Edited. |
Re: Nigerian Stock Exchange Market Pick Alerts by angelo82: 5:10pm On Oct 16, 2016 |
Does the above even makes sense to you?. |
Re: Nigerian Stock Exchange Market Pick Alerts by Coolcash1: 5:45pm On Oct 16, 2016 |
mercylicious: Don't come and tell us stories that touch later o... everybody looking for quick money in this austerity period. 3 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 5:48pm On Oct 16, 2016 |
mercylicious:MMM is a big time scam. Few will gain within short period, while a lot will loss in fullness of time. My questions are these: 1. Who is mmm CEO and where is their world/Nigeria office address? 2. Which regulatory agency in Nigeria control mmm business? 3. Who are their customers care and their office address? 4. Do they have companies or factory that generate in come for them, or are they father christmas? 5. What if by the end of the day, at the pick of their business, when they will start giving 2000% for any amount you bring each month, which will make people to invest both their start up capital and their over time gain, some will even go as far as borrowing to invest/pay into somebody account that they don't even know, without getting the money back, who will one report to? Is it EFCC? 6. What of, if by the end of the day, every one paid into one single account only to discover the close down of the business, what will be the peoples fate? 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by godlyguy(m): 5:53pm On Oct 16, 2016 |
[quote author=mercylicious post=50252509]Good evening bnsitl, I decided to post this here cos I have some gamblers like myself here. We all know mmm and some other network are ponzi schemes but are paying for now. Hit me up on risk free method of doing mmm. My younger sis taught me and I can confirm d risk is minimal. Do it b4 DEC as most ponzi schemes shake DEC period.also, if you want to register in standard elite network, chat me up . 125 to pay 750k in 6 months. 250k for 3m in 10 months. Mumsie and sisters have been enjoying since. I just learnt it during my wedding. You must not bring ppl. 08160120752 Mercy is on a fast one to recover money spent feeding the nation on wedding. More green to your portfolio. I exited fcmb on Friday. I know this post have offended some ppl, BT I couldnt hold this risk free method to myself. I used to hate ponzi schemes and don't do it till I was taught this method. Plz don't quote this post. If this is so real take it to the Nigerian Government... They definitely need it @the moment... I pity the newbies/ignoramuses who will fall prey... Mugu fall Guyman chop am, lol THE BIG SMART GUY 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 5:56pm On Oct 16, 2016 |
MMM is a big time scam.
Except an answer to all my above questions, mmm still remain a big time scam.
Friends pls run run from mmm. 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by toptech29: 6:04pm On Oct 16, 2016 |
[quote author=godlyguy post=50253802][/quote] join the mmm fresher's group now check my signature |
Re: Nigerian Stock Exchange Market Pick Alerts by ihedioramma: 6:09pm On Oct 16, 2016 |
Let's focus on our business please . happy sunday to every body . toptech29 is mercy bewere everybody . 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by Intendy: 8:36pm On Oct 16, 2016 |
stocks with new 52 weeks low betaglass #30.00k FO #145.12k scoa #3.77k lafarge #42.50k no new stock with 52 weeks high 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 9:03pm On Oct 16, 2016 |
See my Almighty fo doing konko below. Chai DRG oooo. Abeg when be Forbes rating? November? |
Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 9:11pm On Oct 16, 2016 |
ihedioramma: Who are their directors? Caveat- mercy has no shares in top tech29 and does not have any other social media handle/ name . always mercylicious. Goodnight everyone. May d bid in fcmb continue tommorow. |
Re: Nigerian Stock Exchange Market Pick Alerts by ihedioramma: 10:11pm On Oct 16, 2016 |
mercylicious:please stop this . 5 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 5:56am On Oct 17, 2016 |
Nigerians risk losing funds over
investment in MMM Nigeria
— 17th October 2016
By Chinenye Anuforo and
Chinwendu Obienyi
Online money-making ventures,
whether genuine or not, seem to
always find acceptance within
the Nigerian populace especially
with the harsh economic
situation.
Several systems have come and
gone, with over 90 per cent of
them ending up as scams, yet
every new form of making “extra
or huge cash” finds a way of
being embraced by Nigerians.
The latest one, which has found
a safe haven in Nigeria is MMM
Nigeria, even after being banned
in China, South Africa and the
latest victim, Zimbabwe.
MMM Nigeria offers 30 per cent
return on investment (ROI) to its
investors at the end of the
month. So far, this new online
making venture has not
experienced any form of foul cry
and resistance in the country but
it is safe to say that MMM Nigeria
is risky for every Nigerian.
A closer look into the activities of
MMM Nigeria shows that it is a
Ponzi scheme. A Ponzi scheme,
according to Wikipedia, is a
fraudulent investment operation
where the operator, an individual
or organization pays returns to
its investors from new capital
paid to the operators by new
investors, rather than from profit
earned through legitimate
sources.
Operators of Ponzi schemes
usually entice new investors by
offering higher returns than
other investments, in the form of
short-term returns that are either
abnormally high or unusually
consistent.
Ponzi schemes occasionally begin
as legitimate businesses, until the
business fails to achieve the
returns expected. The business
becomes a Ponzi scheme if it
then continues under fraudulent
terms. Whatever the initial
situation is, the perpetuation of
the high returns requires an
ever-increasing flow of money
from new investors to sustain
the scheme.
And so is the MMM Nigeria, as it
survives by paying older
members with funds collected
from newer ones. They do not
invest in gold or any other
commodity neither do they
provide any kind of service.
This, the Central Bank of Nigeria
(CBN) and Securities and
Exchange Commission (SEC) have
seen and warned the investing
the public over the activities of
operators of this Ponzi scheme.
According to SEC, the promoters
of the scheme carry out their
business activities via
Nigeria. portal/platform,
and are promising investors a
monthly investment return of 30
per cent.
SEC said the venture had no
tangible business model,
describing it as a Ponzi scheme,
where returns would be paid
from other peoples’ invested
funds.
SEC, therefore, advised the
general public to distance
themselves from the online
scheme, adding that anyone that
subscribes to this illegal activity
does so at his own risk.
The apex bank on its own
through its acting Director of
Corporate Communications, Mr.
Isaac Okoroafor, warned,
especially on the trending MMM
Nigeria community.
Okoroafor said: “At times like this
when the economy has suffered
some decline, Nigerians should
be very careful with those they
deal with. Any institution that is
not licensed by the CBN to accept
deposits should not be given
money to keep under any guise.
There is a new Ponzi scheme
called ‘MMM’ that is spreading like
wildfire. A lot of young school
leavers have already signed on to
this scheme, which the
promoters are marketing as a
“mutual fund”.
But, most Nigerians are adamant
to SEC’s and CBN’s warnings,
some even went to the extent of
labeling the regulators as
ignorant. For instance, some of
them argued that MMM Nigeria is
not an investment scheme but a
platform where people donate
their loose fund to the less
privileged and make a profit of
about 30 per cent at the end of
each month.
However, a recent look at the
history of MMM shows that MMM
stands for Mavrodi Mondial
Moneybox and takes its name
from its founder, Sergei
Panteleevich Mavrodi of Russia.
Established in 1989, it created its
first successful ponzi scheme in
1994 by attracting private
investors and promising them
annual returns of up to one
1,000 per cent and the company
started an aggressive television
ad campaign. Since the shares
were not quoted on any stock
exchange and the company itself
determined the share price, it
maintained a steady price
growth of thousands of percent
annually, leading the public to
believe its shares were a safe
and profitable investment.
Regular publication in the media
of the rising MMM share price led
to the then President of Russia,
Boris Yeltsin to issue a decree in
June 1994 prohibiting financial
institutions from publicising their
expected income. On July 22,
1994, the police closed the
offices of MMM for tax evasion.
For a few days the company
attempted to continue the
scheme, but soon ceased
operations. At that point, Invest-
Consulting, one of the company’s
subsidiaries, owed more than 50
billion rubles in taxes (USD 26
million), and MMM itself owed
between 100 billion and 3 trillion
rubles to the investors (from USD
50 million to USD 1.5 billion). In
the aftermath at least 50
investors, having lost all of their
money, committed suicide and
even several organisations of
“deceived investors” made
efforts to recover their lost
investments, but Sergei Mavrodi
manipulated their indignation
and directed it at the
government. In August 1994
Mavrodi was arrested for tax
evasion.
Apparently not satisfied with
proceeds, he moved to the
United States and despite
warnings from the U.S
government, many companies
lost a huge amount of $5.5
million. Mavrodi was arrested
and convicted in 2007 of fraud
and was sentenced for four and
half years in jail. He was later
released and started a new
scheme; MMM-2011. Since then
the scheme has been
unsuccessful and was declared
fraudulent in China, South Africa
and a few weeks ago in
Zimbabwe.
In fact, it was reported that
thousands of people living in
Zimbabwe, among them civil
servants, vendors and more, lost
thousands of dollars to
fraudulent online pyramid
scheme MMM Global Zimbabwe
after the system collapsed.
In separate interviews with
financial analysts, they warned
Nigerians to be wary of the
scheme.
Mr. Richard Omotunde, a Senior
Analyst with Afrinvest Securities
Limited said the economy is
challenged and in recession.
People are trying to look for
opportunities so they can deploy
their funds so as to make
fantastic returns but again
caution has to be applied
because a lot of people also are
out to defraud people.
Omotunde said for anybody that
is deploying funds and expecting
huge returns, there is specificity
in terms of what investment such
funds can be deployed into. “If
you look around the
environment in most countries, I
am not sure there is any place in
the world where you have 30 per
cent on ROI in a month. MMM
Nigeria claims to be giving 30
per cent, when you analyze that
in a year that is like 30 per cent
times 30, that’s 900 per cent
annually. Of course you don’t
need a soothsayer to tell you that
it must be based on falsehood. All
of these are not viable
investment alternatives that
individuals or investors should
be considering because they
always create problems when
the chips are down.”
The Chief Executive Officer of
High Cap Securities, Mr. David
Adonri said when times are hard
like in Nigeria economic
situation, the Ponzi pyramidal
schemes always come up but
warned that they are not viable
investment option.
He said, “Typically, what
promoters of such pyramid
scheme do is that they offer rates
far beyond what is obtainable in
commercial banks. This would
always attract a lot of people
who would always rush in to
stake their funds. But, those who
join the scheme late would
always be the ones to lose their
shirts as they would have been
convinced by those that joined
earlier to invest huge amounts of
money, he warned. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by Chibuking81(m): 6:17am On Oct 17, 2016 |
Source of my above information.
THE SUN
voice of the nation (today newspaper) |
Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 8:03am On Oct 17, 2016 |
I am beginning to doubt the maturity/intergrity of some people here........WHO IS MERCY? The above mentioned person told us she has been in the stock market for more than a decade now yet she has not made some cash for herself...........Just imagine her pursuing MMM like say tomorrow no dey The above mentioned name told us here about her marriage and refuse to invite her co NSEMPA group who could have honour her marriage to a standard yet she still has a wide mouth to tell us about the expenses of her marriage.......is it not a man that should be responsible for marriage expenses?..........ok o upon all the money she claims she has been making.Why is she complaining of feeding people?is she the first person that started it? The above mentioned name just told us she sold her fcmb on friday just 3 days ago and now she is praying for fcmb to be on full bid today..........What will be her gain if a stock she has sold is on full bid? Guys this person is a hypocrite..........just run away from her........i will not regard her posts or comments starting from this day.........i just pray one day i will be opportune to see either her or peterichy in person. 9 Likes 1 Share |
Re: Nigerian Stock Exchange Market Pick Alerts by fxuser: 8:06am On Oct 17, 2016 |
Intendy: NBL - touched N164 year high on friday but closed at N148.68 - not bad coming form below N100 in Q1 #JustObserving |
Re: Nigerian Stock Exchange Market Pick Alerts by currentprice: 8:24am On Oct 17, 2016 |
Intendy: i said it when FO was trading around N200, that I can not put my penny on the stock overvalued see price now according to their recent Q release,,,,, I can not buy FO more than N60, this price self factor in Otedola hand on the stock thing could change with the recent contract award |
Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 9:13am On Oct 17, 2016 |
locodemy:I know u are pissed, bt please, stop attacking my personality. At my age u cant dream of what I've achieved. And yes, I sold my 380980 units on fcmb on Friday cos I need money for someother thing. Some ppl here sneaked out to trade currency during d currency peak. They never bothered to alert the house. Why then are we bnsitl ? If u ever get to marry a working class, then u know ur wife must one way or the other contribute to d wedding. Men are conservative. And as a woman, u don't even tell him b4 u do something. It will take u 10 years of serious work b4 u starts earning the salary I earn monthly. I'll advice u to face your book for now You will never be rich in your life with this kind of closed mind mentality. I made money on vitafoam, vono in this house cos I had an open mind and a bnsitl alerted me. I still consult him and ask him wetin dey - business wise beside nsempa. Its not every biz he informs me DT I do, BT I like to hear it. 2 Likes |
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