Chimex38's Posts

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Investment › Re: Nigerian Stock Exchange Market Pick Alerts by chimex38: 11:22pm On Jun 03

Iamblessed8888:
Dumb!! I’d pick stanbic MMF with monthly compounding and if you dont want stanbic’s rate which is around 15%, first ally MMF offers same 18% and is SEC accredited. STL MMF will even give you 21% or so which is more than the 100k.

Bottom line is you want to put such amount in a SEC accredited investment vehicle and with a company that has way more than that as Assets under management, and with a physical office

Great as well

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by chimex38: 11:21pm On Jun 03

ghm:
Loans from banks like Afrexim Bank cannot be structured like that. Such loans typically come with a very favourable interest rate, a moratorium period, and a medium‑to‑long‑term tenor.

What we don't know is what he used as collateral for Afrexim Bank. Banks are not supposed to borrow with the intention of using the loan's purpose as collateral.

Yes.. Moratorium.
didn't see this post before replying amongst others you rightly listed.

As for the collateral, I would assume, guess, speculate the NNPC style.
He can simply stake the reserve of his oil well from Heirs Holding.
The conglomerate was the front-company that took the loan on his behalf in the first place.

1 Like

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by chimex38: 11:12pm On Jun 03

Agbalowomeri:
Has he sold?

Lol. I don't think so
It's just windfall on paper gain so far.
I just dey calculate based on the screenshot from Ògawisdom to draw other inferences from it.

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by chimex38: 11:00pm On Jun 03

Itzlinda:
The two truths can exist at the same time. Borrowed from afrexim bank, to finance the stock purchase, then borrowed from UBA to finance afrexim

Lol... Plausible.

Though I believe his dividend alone from all his conglomerates can finance the interest on the loan.

Besides, such huge loans usually come with moratoriums. So interest payments may not start immediately.
(Though not sure)

Foreign Affairs › Re: US To Block Market Access For 8 African Countries by chimex38: 10:54pm On Jun 03

no comment even understood the post..
Yet, people are replying out of point.

Let me break it down and add jara
US says some countries produce exported goods using slaves and forced labour employees and factory workers without full workers right and welfare considerations. [b]PURE EXPLOITATION!
( undignified employees) and these countries pay peanut or non at all to these labourers; Thus, the goods produced by these countries and exported sell at cheaper than other countries that value employees, value factory workers and pay them well with allowances, hazard fees, insurance, etc.(dignify the employees)
Because of that, these countries that use forced labourers who work and produce goods as forced by these countries tend to export cheaper products than countries that use unforced labour and thus, value human dignity and pays commiserate wages to labourers and the employees for the goods they produce.

Unfortunately, countries like Nigeria amongst others African and European countries patronize these countries that produce these cheaper goods with forced labour as against other countries who produce are a bit expensive cuz they input the cost of dignified labourers on their products..

In the export competition market, it produces an unfair advantage on the goods and products of countries who put workers welfare at the forefront unlike the cheaper products produced by countries using forced labour without workers welfare and dignified compensation, making their goods cheaper which is unfair.

Goods produced by EXPLOITED workforce will always be cheaper than goods produced by DIGNIFIED workforce.

So Trump wants to reciprocate the unfair advantage by increasing the tariff on export product of these countries who patronize these cheap products produced with forced and undignified labour force.
Nigeria is one of them.
e.g our refined fuel export will be taxed higher, our cocoa will be taxed higher,etc unless we stop patronizing imported products produced with undignified human labour just because they are cheaper.

1 Like 1 Share

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by chimex38: 7:51pm On Jun 03

ogawisdom:
One of the most important skills in life is how to take calculated risks.

You may never be Rich let alone wealthy if you always avoid risks. Learn to manage risk.

Tony is richer today because he took calculated risk.

Fortune favour the investor that is super skilled in risk management.

Yeah. Calculated risk through loan.. Highly risky.
Took $750million loan
Invested $500million in the riskiest of investment(about 66% of loan shocked

, that's guts)
Cashed out ₦650bn already (>>$460million @ ₦1,400/ 1$).

Almost recouped invested capital by 92% in 5months!!! In the riskiest of investment.
₦650bn Returns alone can payback >>60% of entire loaned amount.

Meaning he now comfortably owns 92% of his invested money.
In addition, he now also comfortably owns 60% of the entire borrowed money of $750million in just 5months.

This is the kind of calculated loan risk Emma talks about..
The future fundamentals must be on the high side in virtually all ramifications despite highly discounted by you, just to be conservative.
It strengthens conviction.

Then put into action to risk borrowed money and put ~~ones~~ other people's money in a large scale where ones mouth is.

But one must put in the rigorous work involved.

High risk, high reward.

2 Likes

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by chimex38: 7:18pm On Jun 03

HesInMe:
Wait first. If he borrowed from UBA to finance some of his Seplat stake -- leading to key-person loan writedowns and a stock price plunge at UBA -- didn't he effectively get richer by ~~taking calculated risk~~ screwing over UBA shareholders?

He didn't borrow from UBA, I think it's from Africa EXIM bank or so... I think it was in the news then.

2 Likes

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by chimex38: 6:36pm On Jun 03

PuristForest:
Putting an entire ₦194 million nest egg into a single fintech app creates a concentration risk.

Yes.. Of course I agree.

That's why I put the caveat of tracing the owners or management down to family line. grin

If one is willing to undertake a risk, one also need risk mitigating measures..
"ee get why?"

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by chimex38: 2:38pm On Jun 03

ayobama1:
Our psychology of money aren't the same. Our risk appetite, our knowledge, our age, emotion, source of funds, our expenditure and money objectives among others are varied.

meaning?

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by chimex38: 2:19pm On Jun 03

ayobama1:
Dumb people don't earn N194 million

Smart people who know how to earn money can also mismanage money Ooo..

4 Likes

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by chimex38: 2:14pm On Jun 03

yMcy56:
Is PiggyVest not like those ponzi schemes?

naa, I don't think so..
They ve been around for quite some time.
Like fintechs specifically for saving money and earn interest and largely online based.
(unlike previously established Aso-savings with physical locations)

I liken them to Bamboo and Chaka when compared to mainstream brokers(cardinal Stone, Stanbicbrokers, Meristem,etc)

Just like Opay and moniepoint as compared to mainstream banks(FUGAZ, etc)

Though I don't patronize them.

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by chimex38: 1:57pm On Jun 03

ositadima1:
A man locked ₦194 million in PiggyVest to earn ₦100,000 daily. Is this clever or dumb?

It's kinda cool.. Like bond.
The edge he has over bonds is that
1)he can withdraw quite easily.(depending on yrs of locking in)
2) He earns daily, unlike bonds that are biannual or quarterly.

Like others are saying, safety is key..
He needs also take time to know the office address and at least family address of at least 2/3 members of the management.
eee get why? grin

6 Likes

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by chimex38: 5:06pm On Jun 02

🤜🤛

Asangbekoko:
Well-done Chimex😁
Stock-businesswise, I do appreciate your contributions on this forum.
@Mickapollo, Chimex.
Cheers.

Christianity Etc › Re: What Does The Bible Teach About The Trinity? by chimex38: 4:18pm On Jun 02

AntiChristian:
You guys no dey read! Ignorance reeks from you!

Then kindly explain the verse

No one is arguing Jesus Sonship in this thread from your verses.
You can cherry pick quote and verses as much as possible like others do to prove him as son of God.
The point is, such line of argument doesn't automatically oppose him as God himself in inform of man. That's the point.

He has a divine nature, where he does and says things with Authority thats only ascribed to God to do and say.
He was not only certain of Going to Heaven, he was even certain of his position in Heaven. That certainty is Godly. I can't say for any other "prophet".

You can be the ONLY Intelligence and knowledgeable one Mr. reader. But the bitter truth is, just like the rest of ones belief, it can't be fully explained with "intelligence" and "knowledge". If the part explanations and divine signs and revelations from the Bible and even Qu'ran aren't enough logic to fill the limited rest of the gap with belief, soothe yourself.

Just as you Muslims don't believe Jesus died but can't fully explain what happened.
But somehow you Muslims believe Allah either did sth weird or exchanged him on the way to being crucified , or sth magical , mystical or miraculously happened to make people-belief as at the time, etc. Is that "intelligence" or "ignorance" on the part of the believer? undecided

It all boils down to out individual Faith man.
Leave your full intelligence and my supposed "ignorance" out of it. cheesy

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by chimex38: 1:38pm On Jun 02

Asangbekoko:
What a bundle of incoherent vetuperations above!
Did I indicate support for Tinumbu in my post?
Or I said something out of intellectual rationality?
It seems your temper against Soyinka is uncontrollably high. But then, he has the right to an opinion.

You missed the context of the discuss.

It came from prior promise of talking about Tinubu presidency after 2-3yrs in Office or so as he does with others.

-Someone else said, he's an old man, why should we be bothered or waiting for him to speak.

-Then @Mike countered, but he still speaks about other people like Obi even at the same old age, indicating a selective bias and countering the old age narrative being presented.

You-Asangbekoko jumped into the discuss and presented your case as though
@Mike was accusing him for having an opinion on Obi at old-age. that Inferred assertion is out of context to the discuss.AND THEREFORE YES, YOU ARE OUT OF INTELLECTUAL RATIONALITY AS YOU ASKED based on the preceding premise and context of the discuss..

You seem not to comprehend before jumping in.

I believe If you have to jump in, it is to justify why the Prof. hasnt spoken on the present presidency as promised and not defend why Prof. Soyinka should have an opinion on Obi..(no basis for such defence)
I believe that was wrongly inferred from the write-up and discuss so far by your own "self acclaimed intelligence".

4 Likes

Christianity Etc › Re: What Does The Bible Teach About The Trinity? by chimex38: 12:35pm On Jun 02

AntiChristian:
What is the context of this verse?

Compare your Bible verse with what that below:

Jesus is not Omniscient (not All-Knowing)
But about that day or hour no one knows, not even the angels in heaven, nor the Son,[f] but only the Father. Matthew 24:36

You alone are the LORD (YHWH).... Nehemiah 9:6

May they know that You alone, whose name is the LORD (YHWH), are Most High over all the earth. Psalm 83:18

Who is being addressed here as You alone; Is it God's divine essense or one of the persons of trinity or what exactly?

John 17:3 - Now this is eternal life, that they may know You, the only TRUE God, and Jesus Christ, whom You have sent.

Who is being addressed here as the "ONLY TRUE GOD" by Jesus? If the father is the ONLY TRUE GOD, then Jesus can't be anything but a false god!

Follow who know road and where He's going even after death. That's CERTAINTY.

Christianity Etc › Re: What Does The Bible Teach About The Trinity? by chimex38: 11:33am On Jun 02

AntiChristian:
One needs to remove his/her intelligence to believe in such!

Surah 46:9
"I do not know what will happen to me or to you"

John 6:47
whoever believes has eternal life."

John 3:15
"......That whosoever believeth in him should not perish, but have eternal life."

John 3:16
"whosoever believeth in him should not perish, but have everlasting life."

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by chimex38: 10:47am On Jun 02

Oasisblue:
Imagine wanting a man approaching 100 years to speak for you. Nigerians wont ever stop to amaze me in their inanities. Wole Soyinka doesnt beleive Obi will make a good president and said as much when asked. I perfectly agree with the nonagenarian on this. Tinubu is a deeply flawed character and I have serious reservations about aspects of his rulership, but I have zero doubt an Obi presidency(wont happen) will be much worse.

He promised to talk..
He promised.

1 Like

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by chimex38: 10:45am On Jun 02

ayobama1:
Wole Soyinka is 91 years old. Why is no on stepping into his shoes rather than 40 year olds to continue waiting for him to lead them?

He promised to talk..
He promised..

1 Like

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by chimex38: 10:37am On Jun 02

narite:
....
One medical emergency is one click, one blink away from death, abject futile struggles for the average Nigerian. That reality is horrifying.

This..👆
We're just living on a needles thread. One cut and you see how valueless ones wealth is.
Cuz of lack of value in the health system itself.

2 Likes

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by chimex38: 10:09pm On Jun 01

https://guardian.ng/business-services/extension-on-table-as-insurers-miss-may-capital-verification-deadline/

25 out of 58 processing

Extension dey smell

1 Like

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by chimex38: 3:55pm On Jun 01

KarlTom:
Atikulates
Batists
Kwankwasiyas
Obidients
Soworeans
Wikeists

I greet y'all.

May Nigeria prosper in our time...

Christianity Etc › Re: What Does The Bible Teach About The Trinity? by chimex38: 11:23am On Jun 01

AntiChristian:
One needs to remove his/her intelligence to believe in such!

Lol..

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by chimex38: 9:59am On Jun 01

zendi:
Chimex38, a few hours AFTER our Saturday conversation, BBC PIGEON department came out on Sunday with a report parading even more JIJOISTS.

Did we inspire the BBC story, were we in telepathy, or was it simple coincidence?

https://www.bbc.com/pidgin/articles/cx21z3g9d3qo

Just catching cruise though.

Lol.... Most of the others are merely clamoring for personal and party popularity..

The more you have a Presidential candidate on the ballot, the more the party visibility on a national scale at least even though some no get kiosk as party office for some states grin

some that are in "ji" mode go still "Jo" later and collapse structure to the heavyweights parties in due time cheesy

2 Likes

Christianity Etc › Re: What Does The Bible Teach About The Trinity? by chimex38: 9:51pm On May 31

On the Person of Jesus
https://www.facebook.com/share/p/1E423VPDBs/
Cc: AntiChristian

Christianity Etc › Re: Too Many Gods. Who Exactly Is The True God? Who Is The Creator? by chimex38: 9:46pm On May 31

Jesus
https://www.facebook.com/share/p/1E423VPDBs/

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by chimex38: 8:55am On May 31

deathwing:
Nothing concerns Machiavelli with peaceful society. His views on achieving your goals is to do it even at the detriment of other people

Next time let him use Animal kingdom rather than society
(of humans).
His views will then be fair enough.

Family › Re: Pregnant Woman Left Heartbroken As Childless Boss Denies Baby Following Wife’s.. by chimex38: 9:45pm On May 30

youngrichnigga:
So na so you mumu, don't you have any records of you and the man, conversation etc that can be presented to the police or a lawyer

She should give birth already.
DNA will confirm or reject everything.

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by chimex38: 3:29pm On May 30

zendi:
Many are just positioning themselves to make money by being bought out to step down for somebody

Political JIJOISTS

Lol.. Political JIJOISTS cheesy

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by chimex38: 2:27pm On May 30

zendi:
As African Democracy is brewing in Nigerian pot, and the battle is being set in array, we now have :

Goodluck Jonathan for Turaki PDP.

Atiku Abubakar for ADC .

Jagaban for APC .

Sandy Onor for Wike-Jagaban PDP and

Peter Obi for NDC.

Whether election, selection or eviction, the exercise will come and go, and Naija will remain.

You forget
Sowore for AAC
Doris Ogala AAC(Abia Gov)

# grin

Celebrities › Re: How Did Peter Okoye’s Retweeted Post Mock Victims Of Oyo Kidnapping? by chimex38: 2:24pm On May 30

Omotaday:
You are being clever by half. Saying “voting has consequence” on beheaded images of victims of terror/banditry is not a message to Tinubu/APC but to yoruba people or the victims who we didn’t know voted Tinubu or not. There are people who voted Tinubu in the East too but you won’t say this to them.

You say this to them because they come from the President tribe, this is hateful, extremist, insensitive and hateful to a group of people.

You are no better than the people you condemn. Nigeria is not going to be better in the near future, I’m sure of that.

OK.. That's the issue "voting has consequences".

But that statement is vague and ambiguous. You can't narrow it down to the Oyo kidnap victims.

Besides, it was someone else that posted the video or images of the teacher as a reply or response to Peter's tweet.
How is that on Peter?

What am I missing here?

1 Like

Celebrities › Re: How Did Peter Okoye’s Retweeted Post Mock Victims Of Oyo Kidnapping? by chimex38: 2:10pm On May 30

TokoEkambi:
So, how did the okoye fella know those kidnapped in Oyo didn't vote for obi? Or, obi didn't get any vote from Oyo State? Or he just sees any Yoruba and conclude they voted Tinubu (projecting himself, since he voted for obi because he's is tribesman)? These people "tHaT dOn'T vOtE bAsEd On TrIbALism" are very confused and funny at the same time.

@bolded, abeg, where did Peter make that statement or insinuate that kidnapped victims didn't vote Obi?. Let me bash him as well!
I need evidence!

1 Like

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