Chimex38's Posts

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Investment › Re: Nigerian Stock Exchange Market Pick Alerts by chimex38: 7:14pm On May 06

nosa2:
I don't give people money. I don't answer people who ask me for cash gifts.

I help by investing in a business. Give a loan. Teach or explain things as best I can if I am knowledgeable about the issue. I also don't prompt on any of these things. You have to come meet me with a viable business you want me to invest in etc.

Life is not a bed of roses. You hear me praise SMN for changing my life. You see this valuation matter, I learnt a lot from professionals on that forum. I read a lot of books, constantly called and argued with people like Horlads, KOD, madam Pegi, and so many others. A lot of these people have migrated from being online acquaintances to friends. Heck they have graduated from friends into brothers. Our closeness stems from me constantly bugging them on phone with what I am analyzing. Things I didn't understand and my general thoughts.

You cant be spending your spare time doing betnaija and think you will be rich.

It's easier said when your spare time doesn't involve much expenses or involve easily assessible logistics or non-competitive items such as books, etc
Yes, You have a point on
one putting effort at least. But we're coming from the perspective of majority where such efforts are watered down by structural limitations.
Nigeria is not even decentralized in just the basics.
Some states and commimuities have opportunities and related supportive structural government presence and activities that are absent in others and vice versa.

We have Northerners who can walk or run long distances based on their large land areas and activities under stress,hot sun or plateau boys or mambilla people in Taraba with their cozy atmosphere, strong lungs support and mountains region to run Marathons and compete with dem Kenya's, Ethiopias or Morocco. But training facilities for track events are located in Lagos or Abuja cuz they don't have facilities and probably don't even know that it's a major sporting event in the world.

All they know is probably run to the farm daily and back and they love running.
But they only see it as a hobby.
And yet Nigeria has no representative.
They should build training facilities for themselves?
For the ignorant ones, it the facilities were there, they would be aware of their potential.
So government has a role to play.
Kudus to Oshiomole for the okkpeke mountain marathon. The awareness alone is enough for both talents and professionals to train.
That's Goverment presence.
Your effort can do that.
Fortunately enough, the race is internationally recognised.
So as a Nigerian marathon racer you can improve your skill, endurance and most importantly professional ranking by participating in the race without leaving your country.

Or
Most Pay themselves and compete in competition overseas so as to qualify in ranking? As the countries association will gas light you with funding .

The Niger Deltas have rivers and pools . The country is richly blessed with location across the shore of the continent. But how many of them can train within their locality stadium or facilities if they don't have to go outside the country to train or just Abuja/Lagos stadiums..
How many?

Na outsiders who trained outside the country represent Nigerians mostly in water related events.and we come back empty handed. Yet probably some Landlock countries are topping us in Marine related medals table and ranking ? undecided

Same militants who navigstethe creeks, water, speedboats etc to syphon crude and all.

Shey na recent Lagos state hosted boat competition. We need more of that across the country especially Niger Delta for Nigerias to be aware of their talent and use it for good.

The other day it was the Son of a now late senator Chukwumerije(if I am not mistaken) who single handedly sponsored himself to a takweondo Olympic bronze.
You think we don't have Nigerians far better than these guys in these sports who can win the Gold medals back to back to back who are probably unaware or just for lack of training facility.
What effort should they have to do? They should build track stadium and olympic size swimming pools in their backyard and also pay professionals to guide them so that they can succeed in their God given interest, business and destiny?

On most of these events, we are even under represented, so it's not a matter of competing for a place.

You can be located in one state and your destiny,or structural advantage to grow your talent or interest or business idea is located in another state. Knowing or unknowningly.

You may not even realize your interest and ability is well sort-for in a different location or supportive opportunities exist to improve your ability in other locations. But the best you can do through personal effort is grow it as just a hobby cuz one is ignorant about it's potentials.

It's after some exposure over the years you realize this deficiency in one's community limited your scope. Why? No government presence.
The government presence is located far from you.

Every state and community needs basic amenities and standard living conditions.
Nigeria is too centralized to begin with.

7 Likes

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by chimex38: 6:11pm On May 06

crownprince2017:
U don't mean it..
Person wey tell us say he go they access for another 20-30 years.

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by chimex38: 5:57pm On May 06

nosa2:
Dey play. A man who knows how to fish is a man that will not bow to you tomorrow. How is that in your best interest?

That's too narrow a perspective to me.

There are so many other benefits.

But I guess that's yours.

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by chimex38: 1:05pm On May 06

mikeapollo:
Everybody likes to prove himself ''right'', so self justification or self validation is permitted.
Anything to make oneself sound happy or okay is fine.

Lesson: One man's meat is another man's poison! No one should boast!

He was being taunted...so it's in order. grin

Even Paul had to personally boast from the Bible when being taunted by the churches.
Despite speaking against it grin

massaging of one's ego is allowed. Na your hard work grin

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by chimex38: 5:13pm On May 05

KarlTom:
It is [conditionally] refundable

Note 15.3:
A deposit of ₦1,500,000,000 placed in an Escrow account in connection with the proposed acquisition of Agro-Allied Resources & Processing Nigeria Limited remains outstanding. This deposit is included within Cash and Cash Equivalents and will be applied towards the acquisition consideration upon completion, or returned to the Company in the event the acquisition does not proceed (see Note 13.1 and Note 32).

A deposit of ₦1,500,000,000 (₦1.5 billion) placed in an Escrow account in connection with the acquisition remains outstanding as at 31 December 2025. This deposit is included within Cash and Cash Equivalents (see Note 12) and will be applied towards the purchase consideration upon completion of the acquisition, or returned to the Company in the event the acquisition does not proceed...

Oh OK.. Thank you.
didn't quite read thru initially.

Shebi acquisition deadline don pass?

make dem kukuma use the money na..

Be like dem still get hope.

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by chimex38: 3:25pm On May 05

KarlTom:
Actually, I get his PoV.

If ELLAH had ₦1.5bn, why not channel it into the business...

I believe Street might be right.

Anything Escrow is based on an agreement by business partners.
It's not sth they can just use without breaking agreement and probably triggering legal actions against them.

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by chimex38: 1:51pm On May 05

mikeapollo:
Well done. I think you and Agba are living in the same ''quarters''!
God dey.

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by chimex38: 1:36pm On May 05

nosa2:
Sold 80% of my ETI left 20% for long term (or as the spirit directs).

Took out of the 80% to buy suya and cold beer (need to enjoy life small).

Used the rest to buy Access Bank and Transcorp.

You didn't have to answer me though. grin

It was just a rhetorical question as I indicated. grin

You've said it countless times that you owe no one.not a team sport, etc...

I was Just rephrasing your own wordplays as you were marketing ETI then and now about to market Access.

#Just cruise grin

1 Like

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by chimex38: 1:28pm On May 05

Panadee:
Follow him at your risk oo!
Well, e no dey hide am sef

If you don't get it forget about it.

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by chimex38: 1:28pm On May 05

ositadima1:
Based on chart analysis, I will enter Accesscorp around 20 for JiJo. It will get there once the “hot hands” finish blowing their money. This is all subject to the overall market regime, if it tumbles, it could even drop to 10. Lol.

@bolded.

Even bear mastero Agba no go gree this one grin

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by chimex38: 1:25pm On May 05

nosa2:
Over the next 2-3 years I suspect Access will give outsized returns compared to the banking index or broader market.

P.S. As a proud Access bank shareholder I am now in full marketing mode

"Have you sold your ETI today?" grin

#Rhetoric

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by chimex38: 10:10am On May 05

zendi:
Good day Chimex38, and all.

Please which of those mentioned platforms, plus others, would you consider BEST at trading foreign stocks from here?

I don't do foreign stocks for now. So I don't have idea.
I just know foreign stock integration is one of the main attraction people use 3rd-party apps.

1 Like

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by chimex38: 8:43am On May 05

RedChair:
Good morning everyone.

Please what are the pros and cons of using online apps such as Bamboo and Trove, as against the traditional walk-in stockbrokers?

USA and other foreign stocks availability to purchase.

otherwise, same way you would prefer to buy your food stuffs directly from a farm than from retail stores.

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by chimex38: 2:35pm On May 04

Agbalowomeri:
So na this man carry una enter one chance

Na the "guarantor" wey you bin dey fain be this.

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by chimex38: 11:20am On May 04

jonnysessy:
Please why dividend by 8 ? When the bonus was 1 for 7.

What do you suppose it should be?
I also indirectly explained it.

Again:
If it was 1 for 1, what will you divide by? and why?

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by chimex38: 9:42am On May 04

GeeKudi:
Yes. You are right. My calculations ended up making double deductions for the dividend. That can’t be correct.

Yes, not correct.
But naa.. Don't belittle your hardwork and your breakdown process.

You didn't make double deductions for dividend as you claimed.
You rightly used the reference closing price-258 at the end. It correctly avoided the doubled deductions you implied if you had used 251.75

GeeKudi:
215.79

258 - 6.25 = 251.75 ---------> you deduct dividend before making provision for the bonus shares
251.75/7 = 35.96
35.96 + 6.25 = 42.21
258 - 42.21 = 215.79

@ bolded
Dividing by 7 rather than 8.
seem to be the only error you made.
Corrected error
251.75 / 8 = 31.468
31.468 + 6.25. = 37.718.
258 - 37.718= 220.28

A 1 for 1 bonus requires a division by 2 (1+1=2)
Hence, a 1 for 7 bonus therefore should require a division by 8(1+7=8 )

Both you and awesomeJ's methods seem correct. Good for learning. wink

1 Like

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by chimex38: 11:01pm On May 03

Agbalowomeri:
Na you dem go beat next time because na you be guarantor

lol..
Na peace I carry come Oo .
Buh If the people want Violence on Monday, who am I to object? grin

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by chimex38: 10:57pm On May 03

ojeysky:
The highlighted is what gives comfortable life. You are a tax payer, the resources of the country is owned by you and I, those resources should serve you and I.

There are people who understands the system and use it to be prosperous but there are also people who don't have that privilege but that does not mean they should not have access to basic things that make them comfortable such as good education, security, water and transportation. How much of that is available to the population without strings attached.

On point.
Ignorant once shouldn't be disenfranchised from their social right.

Shey na why we still get NOA.

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by chimex38: 10:51pm On May 03

naturalflow:
shuuu,no talk too much,I dey under my bed like this.

Lol... Go and sin no more cheesy

1 Like

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by chimex38: 10:32pm On May 03

vibesdot001:
It will not stop tomorrow's Tsunami

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by chimex38: 10:31pm On May 03

crownprince2017:
For Nigeria to be a better place, it has to be run like individual companies by both the leaders and the followers. Patriotism was the order of they then, nobody celebrate thief but today, stealing are called embezzlement to reduce the severity of the behavior, they give them chieftancy titles after stealing public funds today.

Today, in my view, we don't have any qualified candidates among the known people looking for the position. They are all crook with the same ideologies.

Azzin.. Grammar don spoil things.

Thief na thief..
Any other name na sugarcoating grin

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by chimex38: 2:24pm On May 03

3exe3:
Lol not today man

lol.. I know.
just pulling your legs.
Welcome.

Dangote cement is good.

They payout a large portion of their earnings.. Up to 90%+ of recent.

The only downside i know of is the low liquidity in the market aka scacity of trades sometimes.

Depending on your quantity, If sth happens and it's on full offer,meaning many people selling,and unfortunately you want to sell within that period it may be difficult to get buyers for your stocks for days or weeks or months.

You can ask those in Geregu and Transpower.. grin

But cement is generally having a positive outlook in the short and long term. So no forecasted downside to create such scenerios unlike the power companies I listed above.

It's good risk worth taking for long-term and dividend payment l.

3 Likes

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by chimex38: 1:16pm On May 03

3exe3:
I just bought Dangote cement stocks . I am new to stocks

Wow, you "just" bought it today Sunday in Nigeria, wonderful!

welcome to the one of the safest of the more risky investments in Nigeria. grin

By the way, are you in Australia or New Zealand?
I guess it's already Monday there and Ngx must have "just" opened there for you to have been able to "just" purchase Dangote cement grin

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by chimex38: 1:08pm On May 03

Panadee:
https://www.thecable.ng/scale-to-value-access-holdings-redefines-what-growth-means/

Some damage control by the guys at Access.

Lol. Make una temper justice will with mercy on Access on Monday biko.. ..

'I promise they will not do it again.'

"If they do it again beat them next time" grin

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by chimex38: 1:04pm On May 03

For the rule of law, procurement contracts and corruption in general to reduce.
We need at least these two policies below to go hand in hand.
1) Appointment of competent hands

2) Whoever is to be appointed into a strategic public office such as Health, Education, his/her self family or relatives must be attending any of those public institutions. primary, secondary or tertiary
The government institutions should consist about 60-70% of high cardre employees-Directors, palm secs, who have loved ones as part of ordinary Nigerians as beneficiaries of the Ministry's impact or failure.

Infact, promotions should be based on it m-how many of one's relations one has to benefit from the impact or failure of one's office grin

Overtime whatever opportunity they will eventually lose as kick backs, diversion, misappropriation, sabotage of program or sabotage of project goals for selfish benefit UNDETECTED, they know they will have to put passion, honesty and sincere enforcement to benefit their wards in such institutions and thus ordinary Nigerians as well.
Overtime , it sticks and corruption is reduced, fairness and rule of law is returned.

It may affect Fundamental human right of freedom of belonging, etc but this exception for public office holders of particular ranks needs to be constitutionalized. administrative, oversight, developmental functions of MDAs, program and project delivery and maintenance will be water-tight and more honest otherwise, they self sabotage themselves via their loved ones.

This will reduce corruption of Public offices being seen as using Govt resources to fund their private affairs.

Christianity Etc › Re: I Thought I Had Missed Rapture - Pastor Adeboye Recounts Rapture Scare by chimex38: 10:59am On May 03

Loyboy:
this man and his false stories. He is not even a Christian to start with, so he should focus on his business and leave Rapture for the true Christians

Lol... True Christians grin

Spotted. na dem

1 Like

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by chimex38: 11:34pm On May 02

OlugbonAresa:
People just need to calm down and stop taking things personal, the man has the right to complain about the deduction on his money so why taking out your frustration on someone's opinion. Calm down !!!

Are you not quoting the wrong person?

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by chimex38: 2:04pm On May 02

Agbalowomeri:
He will

But only view once

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by chimex38: 1:32pm On May 02

..
you won't make heaven

ppogba:
Na lie. Nothing is priced in.

The wages of Sin is death according to the holy book.

The wages of dividend non payment according to investment manual is dumping during the subsequent trading period.

We no go gree.
Punishment dey must chop. And chop in abundance.

We are even talking of Access that is a disabled stock compared to it's contemporaries.

Big for nothing....

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by chimex38: 11:53am On May 02

MODESTY2024:
Only OGG writes as constructive and sweet as you do. My wild guess is this is OGG

Naa.. OGG is also strong in TA skills and jargons. With diverse stock base not limited to fundamentals alone..
It would have shown in at least one write-up over the years.

3 Likes

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by chimex38: 1:22am On May 01

Namaster:
BACK to sender!
We REJECT this result.

We are going to COURT.

But the bank did better than the Holdco.

1 Like

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by chimex38: 11:28pm On Apr 30*

deathwing:
What excess funds? are the funds not tied to people who bought them already? Did anybody give them free money?

It's probably not hard to deduce.

Late entrants who subscribed to the public offer after TIP has achieved the SEC approved target, rather than refund them, the management can set up another Private placement arrangement of the exact excess amount approved at the AGM and use that to add to equity without returning the balance.

The only issue is, depending on the amount it will expand the outstanding shares far above what the initial PO and RI especially if the excess is substantial.. But if AGM approved it, no issue.
(my thought though)

1 Like

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