When we need loans to finance our business ideas, that is the time we will know whether we have been buying assets or liabilities over the years, or we have been using all our past earnings for consumption or savings/investments

emmanuelewumi:




Unfortunately that is none of the business of the financial institutions he needed N5 million unsecured loan from

Of course. It's even ridiculous for him to expect that kind of loan but my point is that we shouldn't be quick to judge... Unless he's truly been a chronic gambler

When people are derogatory and abusive it shows you who they are. Especially when they know better. What have you done in this life, there is someone better and smarter than you. If you are a millionaire, there are billionaires, if you are a billionaire, there is elon musk, even if you are Elon, there is the descendants of Rockefeller with old money established through generations and never worked a day in their life.
It takes courage to show vulnerability.
Should I have to say all this, especially on a Sunday to fathers. Or is this how you raise your kids

FoolishBoy419:


Of course. It's even ridiculous for him to expect that kind of loan but my point is that we shouldn't be quick to judge... Unless he's truly been a chronic gambler

Nobody is judging the guy o.

People who understand finance just performed a simple risk analysis( due diligence) and the credit rating showed that he is not credit worthy.

He or anyone else can pick some lessons from the interaction.

emmanuelewumi:




It is clownish to expect an unsecured loan of N5 million for 6 years for a new business, the founder has not exhibited a track record of success in business or his personal finance, the founder does not have tangible asset to contribute to the equity of the start up business. The founder is also a known gambler


The bank manager will walk him out of his office immediately

Have you ever made someone lose their temper before? Have you ever tried to reason with someone when they suddenly raise their voice to the loudest, "GET OUT OF MY OFFICE! MY FRIEND, I SAID GET OUT OF MY OFFICE! WHO LET THIS MAN IN MY OFFICE?!"

Harvestock01:


I started my palm plantation in 2011 and about a year after I wept on the farm regretting why I took the decision. Though after continuous investment the story is not the same today. I will advise the young man to start trading in garri (his choice of produce) with the little amount he has. He will learn the dynamics and increase his turnover over time. If he's able to gain the trust of the local farmers they will eventually allow him to get their cassava on credit. Understand the value chain and decide where you want to operate. Dangote for example didn't start his cement business by building a factory. I believe if you calm down and piece the snippets of suggestions offered here together, you will see the solution that you seek. If someone even asked you how you arrived at N5 million as the funds you need, I am not sure you will be able to defend it but that's by the way. Sorry for my long epistle.

Farming is a difficult terrain In Naija....
Esp at the production level...
The value chain is chaotic...
D Zimbabwe farmers in Kwara tried it....
Most of them left Naija...
D only surviving one moved to Poultry...
Cos he controls the value chain ...from top to bottom...
They hatched their eggs from day old...
They farm their raw materials and mill their feeds....
Feed their birds..slaughter and refrigerate in their cold room
and sell at their outlet..
This is the best way to do farming in Naija..

ositadima1:




Have you ever made someone lose their temper before? Have you ever tried to reason with someone when they suddenly raise their voice to the loudest, "GET OUT OF MY OFFICE! MY FRIEND, I SAID GET OUT OF MY OFFICE! WHO LET THIS MAN IN MY OFFICE?!"

Lol

ositadima1:




Have you ever made someone lose their temper before? Have you ever tried to reason with someone when they suddenly raise their voice to the loudest, "GET OUT OF MY OFFICE! MY FRIEND, I SAID GET OUT OF MY OFFICE! WHO LET THIS MAN IN MY OFFICE?!"

Especially when one is trying to use emotional blackmail, guilt trip and other sentimental reasons on why the bank manager should gant the unsecured loan of N5 million

Yes a bank manager in Nigeria who is not interested in bettering himself socially but a bank manager in the states or someone with a progressive mentally will smile and say politely “sorry sir, we can’t do that, will there be anything else?”
“Thank you for coming today”

They have said the same thing but one is more …

You guyz are bosses here. All of you.
Don’t belittle the little guyz wanting to be like you someday

emmanuelewumi:


It is clownish to expect an unsecured loan of N5 million for 6 years for a new business, the founder has not exhibited a track record of success in business or his personal finance, the founder does not have tangible asset to contribute to the equity of the start up business. The founder is also a known gambler


The bank manager will walk him out of his office immediately

So you are confidently saying you couldn't have passed your message WITHOUT using the word "clownish" or that that word is a fitting one to help him assimilate and appreciate your guidance?

One would've thought that you'd easily comprehend the point I was trying to put out there.
...you ought to know better bro!
But there's really no point going back and forth on this.

Do take care.

onegentleguy:


One would've thought that you'd easily comprehend the point I was trying to put out there.
...you ought to know better bro!
But there's really no point going back and forth on this.

Do take care.

Why are you bothered about his comments? Provide the guy a solution to raising the 5M unsecured loan with a 6-year tenure

Agbalowomeri:


Why are you bothered about his comments? Provide the guy a solution to raising the 5M unsecured loan with a 6-year tenure

Agba pls read my 1st post to @ emaewunmi and the 2nd one you just replied to.
...read them again and try to make sense of the words; APPROACH & MANNER and how both relate to and can infact impact on the efficacy of a counsel or advice given to someone.

Need I remind you that one of the most effective way of dishing out advice/guidance is by putting oneself in the recipient's shoes and NEVER being JUDGEMENTAL.
Where these 2 are lacking, chances are that your counsel/advice will less likely be taken or have little or no impact when taken.

Most of the views and feedback that was given to the fellow (@ Thazd) were absolutely in order!
...I was infact typing to advice him along a similar line before I stumbled on emaewunmi's post.

In trying to give or offer advice, we should try even more to be HUMAN.
I am NOT against the message/guide, I am against THE WAY IT WAS GIVEN.
Again, guidance can always be given without been OVERINDULGENT or HARSH.
@ Pa emaewunmi can do better!

And if you still nurse the same views as earlier or still see nothing wrong in the way he addressed the said fellow, then am sorry I can not help you.

Do take care bro.

Momentum in Presco is to the downside.

Declining moving averages

Okomu gives the same signals in fact with a cross for confirmation BUT the increased volume in the past week is the only contrasting indicator. Not so much of a shock because 9 weeks ago, the volume was insane with price staying unchanged (dividend buys, maybe).

Otherwise, it is not looking good in the nearest term for either stock.

No! This is not FA.

Pls kindly give the name of the US stock as advised by Great Rabbi, let me follow you....slow and steady wins the race....

aremso:


Oga no mind my Rabbi Joor hold it is going to N35. Oracle has said his own pls don't follow him follow your mind. But one thing is certain he told me of 3 US stocks one was selling for $12 and he said is coming down to $2 as I type is selling for $2.7, another one he said it will get to $0.50 when it was selling for around $8 the stock hit $0.50 and back to $3 he told me to buy another one I bought at 1.70 that it will move the stock got to $4 wit quarterly dividend received. So I respect his view alot. Am warming up for the US stock he has given me the entry price and once it got to that level I go into that stock fully. Just follow your mind as your stocks can do N35 naira in a short time.

Nothing wrong in describing a laughable request as being clownish.

emmanuelewumi:
Nothing wrong in describing a laughable request as being clownish.

I think they are trying to say that because you are a role model to many people, it is important to remember that you have a responsibility to be kind and respectful to everyone, regardless of their social status or intelligence.

If I were the one calling him a clown, nobody would mind. But you are like a celebrity, so your words carry more weight.

ositadima1:
If I were the one calling him a clown, nobody would mind. But you are like a celebrity, so your words carry more weight.

Of course, I would mind!

And pls let's leave out that tag. ...no one is a celebrity here, INCLUDING ME.
Some persons are just more privileged than others, and that, ONLY by DEVINE GRACE!

Just because Mr A & B has it going on well in life doesn't mean that Mr X & Y should be treated tactlessly, sloppily or indifferently.

At the risk of sounding a bit too modest, we are all here to learn, relearn and help each other grow. ...and if that's still what this honourable platform stands for, then WE ALL should endeavor to address each other in a responsible and respectful manner.

Regards

locodemy:
Mutual benefit has huge O/s concern like Aiico.These stocks can go for reconstructions at any time.

Some more checks.....
* There's nothing like huge OS for MBenefit if we consider the % owned by substantial shareholders with 5% and above as well as individuals with 1B and above...
* From my estimate, free float is around 4.45B representing about 21% of the total 20.061Billion OS.
* The Coy operates its Microfinance bank now.....
* Moved from -ve eps to +ve in the 2022 financial year.....as well as 2023 first quarter.....
* If this improvement is maintained, maybe the stock may also join league of Dividend payers in future....
** As for reconstruction, well I don't know about that for now.......maybe/maybe not..
** You may do some checks and DD too.....
** I plan to check Regency and compare....but not now..

moneymanager:
You guyz are bosses here. All of you.
Don’t belittle the little guyz wanting to be like you someday

I had wanted to hit them hard but I just decided to maintain my peace, do they think everyone one is brought up with silver spoons or is everyone that inherited properties? Instead of just ignoring the guy they started using derogatory words on him. He will surely get to his desired destination is just a matter of time, those words are propellants.

Sebi na to exercise simple courtesy in dealing with a fellow human, even if na confirmed dreg of the society, we dey dance around since morning?! O ga oo

Na wa o.
Just see how the pages of this thread were wasted on back and forth.......yet with no practical solution to the guy's need.

Pa Emma is always right, nothing wey you go talk wey he go gree.

Make una sha remember say na page 7Ks we dey o, don't come and go and exhaust the pages quick quick or carry this enter new dispensation.
Igi pawpaw o ni wo pa wa o.

The truth was told to the guy seeking the 5M
loan. But harshly.
Noone will give him that loan the way he has presented his case.
The message could ve been passed without some of the words and aggression.
Let's be kind to people around us.
It's possible to work for 3 years without any savings. I know graduates who ve worked for years without any savings.
There are many who are finding it difficult to even feed themselves and families.

ositadima1:


I think they are trying to say that because you are a role model to many people, it is important to remember that you have a responsibility to be kind and respectful to everyone, regardless of their social status or intelligence.

I am not a Pastor, I am not a saint oooo.

Please I can't be a role model

yMcy56:

Some more checks.....
* There's nothing like huge OS for MBenefit if we consider the % owned by substantial shareholders with 5% and above as well as individuals with 1B and above...
* From my estimate, free float is around 4.45B representing about 21% of the total 20.061Billion OS.
* The Coy operates its Microfinance bank now.....
* Moved from -ve eps to +ve in the 2022 financial year.....as well as 2023 first quarter.....
* If this improvement is maintained, maybe the stock may also join league of Dividend payers in future....
** As for reconstruction, well I don't know about that for now.......maybe/maybe not..
** You may do some checks and DD too.....
** I plan to check Regency and compare....but not now..

Madam mercy, it looks like everything will fly.
If Rt briscoe is flying again after poor results, why won't MB do well in price.
For comparism of stocks,I am too good for that especially those kobo ones.
Coming to os, Regency has about 6B
Coming to Eps, Regency has about 10kobo eps in Q1 2023.
Coming to Q1 Revenue and PAT, Regency has an improved earning compared to the previous.
Coming to corporate governance, they have done better than MB in the last 5 years.
Coming to dividends, Regency has done better than MB in the last 5 years
I wonder why the price is kept so low when factor those facts.All things being equal, Mr market will position the 2 accordingly but there is more rewards in Regency.Thats the only kobo kobo insurance stock I will look at from Tuesday if cash is available.

leparj:
The truth was told to the guy seeking the 5M
loan. But harshly.
Noone will give him that loan the way he has presented his case.
The message could ve been passed without some of the words and aggression.
Let's be kind to people around us.
It's possible to work for 3 years without any savings. I know graduates who ve worked for years without any savings.
There are many who are finding it difficult to even feed themselves and families.

Oga Emma has said the truth.
Even the words he used can't be reversed now.
The type of Loan the guy is looking for can't be given by any bank.
I raised my own investment capital through church meeting/family contributions.I controlled the meeting for years and luckily it favoured me for the period before I exited it.
Today,I don't even go close to any bank for loans.I have some digital Loans available for me based on turnover and I don't even touch them.If I need any loan today, I will use one of my registered properties in the city to get it within 24hrs at a reduced interest rate.Unsecured loans have a very high interest rates which is not good for a beginner.
Pa Emma remains our mentor no matter the words he used on the guy.The guy can borrow from my method to build his empire.It takes years to get it right and you must start from some where.It must not be from a bank.
Since he needs 5m without collateral, let him think out how to gain control of a public fund for at least one good year without any collateral or legal processes involved.Luck might follow him as it happened to me.

locodemy:


Madam mercy, it looks like everything will fly.
If Rt briscoe is flying again after poor results, why won't MB do well in price.
For comparism of stocks,I am too good for that especially those kobo ones.
Coming to os, Regency has about 6B
Coming to Eps, Regency has about 10kobo eps in Q1 2023.
Coming to Q1 Revenue and PAT, Regency has an improved earning compared to the previous.
Coming to corporate governance, they have done better than MB in the last 5 years.
Coming to dividends, Regency has done better than MB in the last 5 years
I wonder why the price is kept so low when factor those facts.All things being equal, Mr market will position the 2 accordingly but there is more rewards in Regency.Thats the only kobo kobo insurance stock I will look at from Tuesday if cash is available.

I kuku dey your back. Happy Sunday sir

Sell Juluis Berger plc

ogbs2020:
Sell Juluis Berger plc

When did you buy all these stocks that you are selling even on Sunday?

Are you in need of a real USA Number to verify your online accounts ? If Yes, then send me a message on my inbox to get one right away.

Harvestock01:


When did you buy all these stocks that you are selling even on Sunday?

Lol abeg helep me ask o