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Chimex38's Posts

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Christianity EtcRe: Former Jehovah Witness David Hundeyin Reacts To New JW Blood Doctrine by chimex38: 11:46pm On Apr 05
cornelboy:
Omor
Na real omor... grin
It's obvious both go way back.
Foreign AffairsRe: How US Fooled Iran To Rescue Missing Airman Stranded In Mountain Crevice by chimex38: 5:52pm On Apr 05
CSTRR:
Having th most expensively trained special forces operators with the best gadgets money can buy, would give you that kind of advantage.

I need to watch seal team TV series again.
Seal Team...Epic series
Christianity EtcRe: Defeating Death Like A Boss (picture) by chimex38: 9:50am On Apr 05
AntiChristian:
Who created death?

God!

Can death kill God?

No!

Did Jesus die? Yes, for three days.

But he died? Yes!

Can God die!

No!

Is Jesus God?

Yes!

Can God die? No!

But Jesus died?

tongue
I don't think Muslims believe Isa (Jesus) died.
Do they?
Christianity EtcRe: Former Jehovah Witness David Hundeyin Reacts To New JW Blood Doctrine by chimex38: 10:48pm On Apr 04
achorladey:
AI has something for you.....

MaxInDHouse is the one showing bitterness here.

His comment is a classic example of a personal attack (ad hominem) rather than engaging with the substance of your arguments in the Christianity section. Instead of addressing whatever points you made about doctrine, beliefs, or JW teachings, he:

1. Mocked your employment situation ("So you can't even secure a job! "wink.

2. Assumed it explains your "bitterness" and motives for criticizing "God's people" (i.e., Jehovah's Witnesses, from the context of your long-running debates on Nairaland).

3. Escalated with veiled threats by quoting Hebrews 10:31 ("It is a fearful thing to fall into the hands of the living God"wink and referencing Luke 23:34 (Jesus forgiving those who didn't know what they were doing), implying your criticism is deliberate hostility against God Himself.

This isn't calm, reasoned defense of faith—it's lashing out by trying to discredit you personally, digging into your life outside the religious discussion (your job post in another section), and framing you as an enemy of God worthy of divine judgment. People who feel secure in their position don't usually need to resort to that.

How many times MaxInDHouse have I said you love PROJECTING what you really are on others to feel good.

You remain an embarrassment to yourself and those who you keep as company. Insecurities dey eat you deep. cheesy grin cheesy
Hmmmmm. Interesting
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by chimex38: 4:58pm On Apr 04
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by chimex38: 2:10pm On Apr 04
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by chimex38: 9:44am On Apr 04
KarlTom:
So this is the first time ever that the famed F15 is shot down by ene"y forces...
Iran is gradually reclaiming ownership of their airspace.
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by chimex38: 2:00pm On Apr 03
EDUECO:
How will you feel,if you bought ₦400 million worth of ACCESSCORP in 2026; and in the year 2042 you collected ₦400 million as dividends for 2041 financial year? cool
Lol. Sometimes, when you dream too much, you begin to have headache...
Shows there might be an exaggeration on the dream grin
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by chimex38: 1:59pm On Apr 03
Mankind2024:
I project that it may take until 2040 for Ellah Lakes to cease being a going concern, judging by its persistent cash burn on unproductive staff, failed public offer, failed MAGA, failed mill commission,director loans, bad directors and the inflation of biological assets and equipment.
The absolute and undeniable truth is that Chuka Mordi appeared to be riding on the glory and momentum of Okomu Oil Palm Plc and Presco Plc to deceive investors.
That was the basis for including it in my portfolio—but fortunately, I exited at the right (best time).
2040 is too far. 2030 at worst.
Once the planted fruits begin reaching maturity within next 2-3yrs for sales, revenue and profits..
They won't be this desperate to run before they can walk..
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by chimex38: 1:55pm On Apr 03
EDUECO:
Where is Oando and Ellah Lekos on the list?

ACCESSCORP is the gold standard of Nigerian banking industry and not Zenith Bank or GTBank!

By 2041 you will remember this my post. grin
This table you are shaking.. grin
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by chimex38: 1:50pm On Apr 03
ppogba:
Oga Chinedu, good PR job.

Just like every citizen that wants the government to bring down heaven to satisfy them, every shareholder who have their mouths wide open for a year wants tangible dividend and less of TURENSHI. My comment did not condemn the bank and even gave a bit of consolation and hope to those with holding.
It will not be a bad idea if GT become a good yardstick, parameter and a measuring parameter. The call to all and sundry is, quench the thirst of your shareholders.

Happy Easter.
Lol..
only me Oga
only me Chinedu
only me PR.. grin grin

GTB OS increased by just 25% the least of all Banks.
WEMA by 100%.

I never indicated you condemned the bank Ooo.

Focus is on the dividend.
I am only drawing our attention to other reasons,so we don't become too optimistic on banks based on GTB but rather understanding and have conservative expectations.
If they surprise us, that's fantastic.

Pardon my further "TURENSHI" in the spirit of Happy Easter you wished me... grin

Have a Graceful Easter holidays as well.
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by chimex38: 8:11am On Apr 03
Redoil:
in as much i always like to read your write ups. Chuka is not a fool or clown for allowing such result to be published.
Most CEOs usually cleaned and whitewash result before been release for public consumption. My verdict on ellah lakes is HOLD
My follow up question is:
Why is the 7bn from insiders now classified as debts.
Why can't it still be classified as part of invested capital or equity stake for the forthcoming APRN acquisition they said its still active while they source for the reminder funds to complete it?

Why the general classification as debts that isn't due within the next 12months.

Are the inside shareholders backing out from this acquisitions leaving it all to the Directors?

The acquisition is a strong lifeline, but doesn't seem to be holding strong. Not with the additional deadline misses without info.

It's probably a hold for those who bought much more lower and traders.
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by chimex38: 7:19am On Apr 03
Mankind2024:
CHUKA MORDI’S TOTAL COLLAPSE AT ELLAH LAKES PLC – BROKEN PROMISES, N235 BILLION PUBLIC OFFER DISASTER, AND THE BETRAYAL OF NIGERIAN INVESTORS.
In 2019, Mr. Chuka Mordi, the former Director of Telluria Farm, was appointed CEO and Managing Director of Ellah Lakes Plc.
In his maiden address and grand strategic plan for the company, he peddled these lofty but now utterly failed dreams:
To start paying dividends by 2023.
To list the company on the London Stock Exchange (LSE).
To transform Ellah Lakes into a N1 trillion powerhouse.
To commission a 1,000-ton mill.
To aggressively diversify operations across West Africa.
Every single objective this man personally set for Ellah Lakes has been failed woefully – a complete and spectacular disaster on all fronts.
In my previous review and open letter to Mr. Mordi, I warned that he appeared to be toeing the exact same reckless path as his kinsman, the Tingo Farms owner, who shamelessly listed a nonexistent agrofarm on the NYSE before that bubble burst in disgrace.
Now, after Mr. Mordi squandered over N1.7 billion on a botched public offer (the ambitious N235 billion raise that crashed and burned without meeting the minimum subscription threshold), it is crystal clear: he has bitten off far more than he can chew.
People like Mr. Mordi are the primary reason for the deep-seated investor apathy plaguing the Nigerian Exchange (NGX). Retail investors have repeatedly been used as pawns to pump liquidity and prop up share prices, while Mr. Mordi and his criminal gang were busy offloading billions of Ellah Lakes shares without filing the required insider reports.
I can already see the SEC and NGX moving to deregister this company – and rightly so.
What a once-in-a-lifetime opportunity completely wasted by Chuka Mordi, the mysterious CEO whose date of birth remains invisible in the public domain. Nigerian investors, take note: this is what happens when unchecked ambition meets zero delivery.
Lol.. Dem no go de register them Ooo.
eee never reach like that.
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by chimex38: 6:45am On Apr 03
Slammmmmmmm:
This dividend payment is actually below expectations. Frankly poor.
ppogba:
Totally agree with you.

With this shikini dividend declared now, the only hope for the share price to move is the expected news of their merger with the other crippled bank, Polaris I think.
Most of these banks recently increased their outstanding shares almost DOUBLED or even more DOUBLED in less than A YEAR ago . Yet maintained or even paid slightly more dividend per theis DOUBLED.
Consider cutting them some slack.
Don't use GTB to rate them all. they are an exception not the standard for stocks that just increased outstanding shares to double or impress with dividend in less than a year.

also, WEMA is just a national bank on PAPER with recent upgraded licence.

Wema is still mostly physically a regional bank, just transiting to National spread.
yet I think the dividend
increase was by 25% compared to last yr.

Those who bought it around last yr within 15-20 share price are on 6-8% dividend yield. I believe that should be the fairest standard to rate them.
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by chimex38: 9:23pm On Apr 02
Mankind2024:
Your thought is based on an assumption of ambiguity. Chukaaaaaahuhhuh Ellahhh 4x? 3xhuh2xhuh. From now on, freefall is predicted.
No ordinary retail investor would ever trust Mr. Chuka again.
This is exactly what happened with ETI. In 2008, the bank floated a successful public offer in dollars. A few years later, it betrayed its Nigerian investors.
I can tell you for free: the bank is still struggling to win back retail investors.
No be Ellah again, they will try and find a way to do the multipless..
the x multiples won't be now of course.. 12months still far.

Traders are on standby grin.
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by chimex38: 6:24pm On Apr 02
mikeapollo:
This life no balance. NGX sef no balance.
Some people might have had confidence in Ellah based on their convictions and projections, which others may have issues with.
Same way some of us have bought some stocks which some people see as Ponzi e.g. Oando. Some even call us shell-holders. But I stick to my convictions.
All die be die
You are fully aware of what you are into. Not blinded by the downsides as you've acknowledged them here yourself, yet very optimistic about the upsides. Na why I like your style.

In Ellahs case, it's either some were blinded on the downsides, or didn't care much if it exists or classified it as inconsequential without admitting or acknowledging it could be significant but focused 100% on the upside alone with one sided massive advocacy especially as PRESCO and OKOMU were doing wonders..
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by chimex38: 6:17pm On Apr 02
KarlTom:
The last statement got me rolling grin
Based on what has happened, I don't believe that last statement either. I suspect within the same next 12months, The insiders PO participants might just do another round of hype to pump the stock again to x3 or x4 to sell their remaining share holdings to recoup the PO funds..
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by chimex38: 6:09pm On Apr 02
nosa2:
I am still going to buy a lot in a few years.
Of course. It will still grow in the near term; only this time Chuka and Co should allow more organic growth and be conservative in forecasted timelines..
The number of deadline misses is becoming sth else without earlier information.

I am only just recalling how you looked "foolish" after entering with justification and then bailing out days or weeks later with updated justification.

It took balls from you to post it at the time, knowing what it meant with the investment hypers.
It wasn't easy..kudus.
I am just picking from that.
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by chimex38: 5:59pm On Apr 02
Mankind2024:
We were both at the forefront of warning investors about Mr. Chuka’s background and past dealings.
I personally wrote a letter to him and published it on this platform. However, influential broker circles quickly stepped in and made sure their own agenda prevailed.
It was a blatant case of manipulation that hurt everyday investors.
Interestingly, it was only shortly after my hard-hitting letter exposing the GB52 company that Mr. Chuka finally addressed investors publicly on X for the very first time.
Big kudos to StreetInvestor for never backing down and consistently calling out these broker influencers on the platform.
Yeah, I recall your epistle letter grin
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by chimex38: 5:57pm On Apr 02
Rmichael23:
I totally agree with this submission . It’s a market for a reason, if everybody buys only Presco and GTB I bet we won’t enjoy the market as much as we do. Some people are just traders and will trade anything with a price to it. Some will also not learn some valuable lessons until they have paid school fees
No-one is against the TRADING. It is even good for TRADING hype based in its growth prospect structural imbalance at the time but the INVESTING hype by media is the koko without considering the fundamental loopholes being pointed out consistently by some members here.
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by chimex38: 3:50pm On Apr 02
nosa2:
To all Ellah lakes refugees remember you can buy ETI
I recall you were init and later bailed out despite the hype then.

Lass lass in combination with others, it's good to also do one's own DD and stick with it. Whether it works out or not, one learns from it within a defined direction.
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by chimex38: 3:44pm On Apr 02
Streetinvestor2:
The results and information has proven me right again. Everyone here remember me shouting insiders are selling directly and indirect. They had thr agents here promoting the scam alert. This was why thr was no RI to the fund raising. They formed cabal on my matter with one audio billionaire and one other barawo who attacked everyone on kpakus matter. He only came to say rubbish after they had met thr target and sold
They are back to promote another fraud called unity Bank after warehousing the junk
Yeah. You were so on point on this.
You were consistently mentioning and warning that they were selling off and dumping to uninformed retailers. Even questioned why the loan-equity conversions were placed at 3 or so after the price had gone way beyond the price.


These guys don hammer....
Dem don't Use style collect back their loans and forfeited salaries with mouth watering interest. wey even pass the Principal loansl amount.
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by chimex38: 3:37pm On Apr 02
Acquisition is the only safe net. Deadline is passed already without news.. undecided
Which way Chuka? undecided
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by chimex38: 3:36pm On Apr 02
It's significant that only one new substantial investor
(Emmanuel Jakpa (13.89% )) came on board despite over 60% e sales from both the Directors and all the previous substantial hareholders.

It would have been fairer if the new substantial shareholder accumulated enough percentage from those dumpings.

Retail investors don collect.. cry lipsrsealed
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by chimex38: 3:20pm On Apr 02
debeey87:
even chuka sold over 300m units grin cheesy
additional 39million precisely.
That 39m is significant on its own.
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by chimex38: 3:17pm On Apr 02
debeey87:
Elijah lakes don drop bombshell grin. Notice how a lot of the directors sold down their shareholding or sold completely.
The selloffs were quite substantial.
Christianity EtcRe: Former Jehovah Witness David Hundeyin Reacts To New JW Blood Doctrine by chimex38: 9:39pm On Apr 01
People don die "artificially" to mistake thinking its their time, when solution was staring them right in the eye.

Bitter bitter bittered and painful deathSssss.
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by chimex38: 9:29am On Apr 01
grin
Agbalowomeri:
Waoh ACCESS final dividend N5

So Wigwe wan dey pay like Abacha. Wonder shall never end grin

https://doclib.ngxgroup.com/Financial_NewsDocs/45947_ACCESS_HOLDINGS_PLC-CORPORATE_ACTIONS_APRIL_2026.pdf
grin
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by chimex38: 9:24am On Apr 01
grin
megawealth01:
Abeg make I dey dream ooooo
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by chimex38: 8:53am On Apr 01
megawealth01:
ACCESS do #6 naira then Wale do #10 and first bank do #8 grin
🎶 🎶 "Dreaming Dreams and hoping that it comes through...."🎶 🎶
grin
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by chimex38: 8:51am On Apr 01
KarlTom:
Is this 'bank' operating in Nigeria?

If you're referring to Alpha Morgan Bank, it has no link to Morgan Capital Securities...
Thank you for correcting the confusion. Yes, I am referring to Alpha Morgan bank.

I had thought all along they were connected...oops
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by chimex38: 7:15am On Apr 01
Streetinvestor2:
It is clear those guys are broke.Na client money them dey now use do turn over..To place sell mandate now na risk
But they also have a regional bank-->Morgan Capital Bank.
that even successfully met capitalization.
Funding shouldn't be much of a problem. They've got the investment connections.
Wonder their issues.

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