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Rob-roy
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@ EMMAACHILE
Did you say the Flour IPO has been extended?? Till when? Please anyone who has more info on this extension should forward it,
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Rob-roy
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Femtex we dey Sugarland o! welcome
Easimoni where u dey?
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RoughCut (m)
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I was looking for an investment vehicle other than stocks and I finally found it. I watched this group for some time and read and reread the marketing plan and I was still unsure. The last thing I want or anybody for that matter is to be scammed. However, after I was assured of proof of payment and realized the tremendous growth potential I jumped in. You will see many postings on the forum about this group - Phoenix Rising. Phoenix Rising is a member of the Diamonds Cash Club. They are the No. 1 team because of their unique marketing plan. To become a member of this group you need to agree to reinvest a portion of your earnings. This in itself sets the platform for explosive growth. The program itself is detailed and you would need to review it entirely to see if it is the right platform for you, but there are 2 important things I want to note. This group just kicked off in July and members are already starting to cashout. The DCC has just released a press release stating they are expanding into China and Mongolia next year, so this gives a sense of security to its longevity. And, bottom line, where are you possibly going to make $14,000 with a $220 investment in 1 year's time. http://www.exane.ws/dcc/Annie So between the time you registered on this forum yesterday and today you have been able to suss out that all the posts( and there are hundreds of them on this forum!) did not give you the information you needed na wa o |
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RoughCut (m)
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@ EMMAACHILE
Did you say the Flour IPO has been extended?? Till when? Please anyone who has more info on this extension should forward it,
Yep till 10th of October--------> http://www.punchng.com/Articl.aspx?theartic=Art20070927148126I will not lose sleep over it if you dont buy into the IPO from what peeps have said and my own analysis it doesnt look as `hot` as we might have been led to believe. What worries me is that within a matter of days firstly the preferential allotment to Dangote`s "associates" was reduced from 60 to 20% and now the offer has been extended by 10 more days! Why do i not like the sound of this? methinks the the boys that are supposed to take up the preferential allotment are not so keen(who can blame them?) and the guy has got the message its not going to be as HOT as Dangote Sugar so may be there isnt going to be an oversubscription this time around o |
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shigidi (m)
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@ easimoni, i agree with the notion that dangote sugar should run back to 40 bucks when the bulls run, but whats your take on this stock for the long term, what are theirr projections like? do u think its a solid one for the long term?  and also, do u know any website where i can get the prospectus of their p.o last year cos that should give me a clearer picture. thanks. |
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Temmie10 (m)
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@shigidi
Dangote sugar's figures are solid. I think u can get the prospectus on fsdh website.
Thing is, you can never detach sentiments from dangote stocks (all of them), they rise and fall more forcefully on sentiments than on fundamentals.
But the figures are good.
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Anniee4 (f)
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I think your a little overly confident in your skills.  I am a new member of this forum due to the fact that one of the Nigerian DCC members cycled out and collected. I am very happy for him. This has given this man great happiness and hope, and I can pretty much guarantee you this man is not a stockholder. I am a stockholder and I am now a diamond voucher holder as well via the Phoenix Rising investment vehicle. Investors may feel this is an investment vehicle they may want to consider for their long-term financial planning. I do not know. It is not up to me. I have just placed this info here for anyone who would like to review it. Annie |
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yodiyokun (f)
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I think your a little overly confident in your skills. I am a new member of this forum due to the fact that one of the Nigerian DCC members cycled out and collected. I am very happy for him. This has given this man great happiness and hope, and I can pretty much guarantee you this man is not a stockholder. I am a stockholder and I am now a diamond voucher holder as well via the Phoenix Rising investment vehicle. Investors may feel this is an investment vehicle they may want to consider for their long-term financial planning. I do not know. It is not up to me. I have just placed this info here for anyone who would like to review it. Annie Annie, I think I speak for 75% (majority carries the vote) of the folks on this thread - WE AINT INTERESTED. |
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yodiyokun (f)
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Can you imagine,
I asked my broker to get me crusader @ 4.20, 2 days ago, na story he dey tell me until the thing closed at 4.50 today, I never sabi.
Dansugar looks to have recovered - it up to 31.70 today.
Generally the bears seem to have started dissappearing oo - lets wait and see if tomorrow will be different.
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frankiriri (m)
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Annie,
I think I speak for 75% (majority carries the vote) of the folks on this thread - WE AINT INTERESTED.
Yeah |
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RoughCut (m)
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Annie,
I think I speak for 75% (majority carries the vote) of the folks on this thread - WE AINT INTERESTED.
I think your a little overly confident in your skills. I am a new member of this forum due to the fact that one of the Nigerian DCC members cycled out and collected. I am very happy for him. This has given this man great happiness and hope, and I can pretty much guarantee you this man is not a stockholder. I am a stockholder and I am now a diamond voucher holder as well via the Phoenix Rising investment vehicle. Investors may feel this is an investment vehicle they may want to consider for their long-term financial planning. I do not know. It is not up to me. I have just placed this info here for anyone who would like to review it. Annie You see that`s what worries me you are new on this forum and you think you can peddle your wotsit called what do you take peeps for? You seriously think peeps who spend hours researching and analysing just to make sure we are enlightened havent got better things to do? We are about sharing information that is very very beneficial on this forum and i don't think your half-baked scheme is one of them. As you can see only myself and one other person have taken time out to respond to your post that says a lot about the interest you are drumming up on this forum innit? I don't think i need waste my valuable time responding to your post anymore so thanks but no thanks! Nuff said! |
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frankiriri (m)
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I will not lose sleep over it if you don't buy into the IPO from what peeps have said and my own analysis it doesnt look as `hot` as we might have been led to believe. What worries me is that within a matter of days firstly the preferential allotment to Dangote`s "associates" was reduced from 60 to 20% and now the offer has been extended by 10 more days!
Why do i not like the sound of this? methinks the the boys that are supposed to take up the preferential allotment are not so keen(who can blame them?) and the guy has got the message its not going to be as HOT as Dangote Sugar so may be there isnt going to be an oversubscription this time around o
You cant conclude just like that. The new SEC regulation states that all POs must be underwritten to the tune of 80%. The identified investors were to be allocated 750m shares. Dangote had to reduce the amount to be alloted to make the math add up. I am sure that he increased the amount on offer to ensure that the identified investors get the shares. If he had not done it that way and there is an over subscription the investors woud have shared with general public pro rata. |
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yodiyokun (f)
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Has any one received their UBA certificate ?? Or does anyone know what is going on over there?
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moche
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--------------------------------------------------------------------------------
Can a stock market guru out there please give Nairalanders a detailed list of presently undervalued stocks in the NSE. Respondents should kindly give basis for classification in layman terms.
I know this ought to cost a lot but am just trying to explore the camaraderie that exists on Nairaland.
Expecting some brilliant contributions.
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shigidi (m)
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@ yudiyokun, i have not received my certificate either, they have not even done the allotment so dont expect tit till january  |
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steeviee (m)
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@easimoni, shigidi & temmie 10
can any of you tell us why Nascon shares has been the other way? What seems to be the problem?
A lot of us bought the shares havily just for trading purpose but it has been hard.
This is part of the reason i'm not buying anything from Dangote for now. i can't even advice anybody to do either.
Dangote was asked at the investors' forum he held about NASCON he deliberately ignored the question.
there seems to be something fishy about that stock and it is bad for dangote's reputation.
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loma (m)
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I never knew Stock Addicts live in Houston. I am in Hillcroft myself.
Whats the take on ABC Transport ? Since someone advised us to buy into it, its been on the downward spiral.
What does the future look like?
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Femtex (m)
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You'll be surprise
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EMMAACHILE (m)
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@nicolas
No i dont run through Futureview Securities. I run a special account and want to sell some shares/securities through them.
I was in the office this week to complete that transaction
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Rob-roy
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@ Frankiriri and others
SO if you'all are saying that Dang Flour wasnt extended because it might not be good, and that market sentiments will make all Dangote stocks rise, are you guys recommending it or should we ignore and invest in Japaul? I am a long termer and I am looking for the best shot, or should I split btw Dang Flour and Japaul? If so, in what ratio?
Thanks all,
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Rob-roy
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@ roughcut,
thanks for the link
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crazyT (m)
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@easimoni, shigidi, temmie 10 and other guru's
Hey guys please can you help me out? I have some (chunky) units of Nigeria breweries that I bought at 35 Naira, the price today is 44.70 do I sell or still hold?
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bibiking1
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hey dude, hold on to em brewery shares,they are actually expected to hit about 70 january. So!!!!! why dont you just wait
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frankiriri (m)
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Dangote Flour Mills extends IPO
Posted Wednesday, September 26, 2007
The Initial Public Offering of Dangote Flour Mills Plc has been extended even as the directors have also decided to make more shares available to investors.
DFM is offering 1.25billion shares at N15. The offer had opened on September 6 and was expected to close on Thursday (today).
However, a statement from the company on Wednesday said that the offer had been extended by another 10 days. This means that the offer is now scheduled to close on October 8. According to the statement, the extension will allow the investors more time to buy shares.
Also the company has reduced the number of shares slated for preferential allotment to some identified investors from 60 per cent to 20 per cent. Consequently, the volume of shares available to investors has been increased from one billion units, while those available for preferential allotments are 750million shares.
DFM originally operated as the division of Dangote Industries Limited and has three business divisions - The flour milling, pasta production and polypropylene bags production
Culled from Proshare
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frankiriri (m)
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As my previous post indicates Dangote increased the amount on offer to ensure that the identified investors get the exact amount initially planned. From the onset they planned to give the preferred investors 750m which is the same figure under the new arrangement.
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frankiriri (m)
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@ Frankiriri and others
SO if you'all are saying that Dang Flour wasnt extended because it might not be good, and that market sentiments will make all Dangote stocks rise, are you guys recommending it or should we ignore and invest in Japaul? I am a long termer and I am looking for the best shot, or should I split between Dang Flour and Japaul? If so, in what ratio?
Thanks all,
Personally, I am avoiding the primary market for now because the secondary market is bleeding and this is the best time to plunge in there and pick choice stocks like Dangote sugar and Oceanic at bargain prices. Just pray that the bleeding continues. |
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bibiking1
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@ Frankiriri
i beg to differ from your view, the market has bled for quite too long, maybe its time to send emmisaries to beg the bulls back into the ranch
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frankiriri (m)
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[ @ Frankiriri and others SO if you'all are saying that [ b]Dang Flour wasnt extended because it might not be good,[/b] [font=Lucida Sans Unicode][/font]and that market sentiments will make all Dangote stocks rise, are you guys recommending it or should we ignore and invest in Japaul? I am a long termer and I am looking for the best shot, or should I split between Dang Flour and Japaul? If so, in what ratio? Thanks all, I never said it was extended because it might not be good, the general consensus here is that the stock is over priced relative to its competitor Flour Mills and thus is not such a good bargain. Its only the Dangote's penchant for capital appreciation that might make the offer an outstanding success |
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frankiriri (m)
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@ Frankiriri
i beg to differ from your view, the market has bled for quite too long, maybe its time to send emmisaries to beg the bulls back into the ranch
I dont see things improving that much in the next two months or so. At the most some stocks wil hold their owmn but generally the bears will retain a hold on the market |
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aquita (m)
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hi nairalanders, I am still new to invetsment in shares of quoted companies. the experts in the house should educate me on the modalities SEC and the companies use before arriving at the price of a particular share. in other words, why is DFM selling at #15? why not #10 or #20? I await your responses. thanks.
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RoughCut (m)
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@ Frankiriri and others SO if you'all are saying that [ b]Dang Flour wasnt extended because it might not be good,[/b] [font=Lucida Sans Unicode][/font]and that market sentiments will make all Dangote stocks rise, are you guys recommending it or should we ignore and invest in Japaul? I am a long termer and I am looking for the best shot, or should I split between Dang Flour and Japaul? If so, in what ratio? Thanks all, I never said it was extended because it might not be good, the general consensus here is that the stock is over priced relative to its competitor Flour Mills and thus is not such a good bargain. Its only the Dangote's penchant for capital appreciation that might make the offer an outstanding success
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