angelo82:
FBN price has remain too low for long time and early next year it might go down as low as 1.80Naira unless there is improvement in their balance sheet.That bank really need some great news to move up so that the rest of the banking stocks can move too.

The worst days of FBNH has come and gone.

sky2891:
The worst days of FBNH has come and gone.

ISSOKAY

locodemy:

ISSOKAY

However, let's see what the Q3 result will look like.

fxuser:


loll
-we all struggle with discipline and itchy fingers

exacerbated by the ease of itrading.

sky2891:

However, let's see what the Q3 result will look like.

FBNH Q3 will be good. it will be a follow up on their Q2.

kolaish:
FBNH Q3 will be good. it will be a follow up on their Q2.

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

kentoto:


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

Jah bless you

locodemy:

Jah bless you

.

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

locodemy:

Jah bless you

.

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

Edited.

Does the above even makes sense to you?.

mercylicious:
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.

Don't come and tell us stories that touch later o... everybody looking for quick money in this austerity period.

mercylicious:
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.

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?

[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

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.

[quote author=godlyguy post=50253802][/quote]
join the mmm fresher's group now check my signature

Let's focus on our business please . happy sunday to every body . toptech29 is mercy bewere everybody .

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

See my Almighty fo doing konko below.
Chai DRG oooo.

Abeg when be Forbes rating? November?

ihedioramma:
Let's focus on our business please . happy sunday to every body . toptech29 is mercy bewere everybody .

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.

mercylicious:
@all, I told u its ponzi. I know its a risk. Bt with my method, d risk is reduced to 6% from d 100%.

This isn't d first time am riding a ponzi , it's abt d 3rd time in 10 yrs. I just assumed I lost DT money in stock MKT. Like I said, DEC wil be d deal breaker.

So sorry for this discussion , I know many will feel bad d way I used to feel abt ponzi discussion.


See my Almighty fo doing konko below.
Chai DRG oooo.

Abeg when be Forbes rating? November?

please stop this .

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.

Source of my above information. THE SUN voice of the nation (today newspaper)

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.

Intendy:
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

NBL
- touched N164 year high on friday but closed at N148.68
- not bad coming form below N100 in Q1

#JustObserving

Intendy:
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

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

locodemy:
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.

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.