₦airaland Forum

ZENITH BANK AVAILABLE IN LARGE VOLUME FOR ANYONE INTERESTED TO RIDE THE POST-OFFER
JET.

ZENITH BANK AVAILABLE IN LARGE VOLUME FOR ANYONE INTERESTED TO RIDE THE POST-OFFER
JET.

ON BIG TREAT
I was in the office  of an influencial MD of a top Stockbroking firm(This guy shares name with a past Nigerian VP) in my bid to get to the root of this CHAMS PP thing and he swore that he will not sell his Big Treat for less than 20naira.
He already has his PP certificate.He surely knows that this stock will hit that price soon.
He also has his IGI certificate.

On AFRIBANK
Be aware that 100s of millions of shares of this bank were sold for as low as 20naira thro cross deals on the seconadry market while the PO was on.These were said to be part of what AIRPHB BOUGHT IN THEIR BID TO AQCUIRE AFRIBANK.Those selling now must be those who bought for that low.Who knows how low they are willing to go.

This is the practice here bros.I bought Guinea Insurance PP for 1.20 when it was officially 65k.Hasnt it gone to 4naira?

on chams pp

i hope skye bank arent trying to play a fast one. can they shift the goalpost in the middle of the game like that?
aren't there laws against that

You think the money will go to Skye?na the Ogas them go use the opportunity make quick dough.It happens whenever a
stock is scarce

Sorry People,My Skye Bank contact claims that the entry price for CHAMS PP is now 4naira.But there is an assurance for full allotment.

@iconbull
send me an email on chams pp and i will give u details of how to get it

CHAMS PRIVATE PLACEMENT

For Nairalanders interested in the Chams Nigeria Private Placement or having difficulty submitting, kindly email me alliednetw at yahoo.com

AP, Zenon Petroleum Set to Merge
Posted Tuesday, January 15, 2008
There are very strong indications that Zenon Petroleum and Gas Ltd and African Petroleum Plc will soon merge to form the biggest downstream company in Nigeria.
This is coming as the shares of African Petroleum (AP) Plc yesterday emerged the highest priced stock on the floor of the Nigerian Stock Exchange, closing at a record N274.50 per share. This overtook the shares of Nestle, which had been the most priced on the exchange. Nestle closed at N265 per share.
AP’s market capitalisation has also risen dramatically from N36 billion before Mr. Femi Otedola took over the company to N216,522, 260 billion, six months after.
THISDAY was authoritatively informed yesterday that Zenon Petroleum and Gas and African Petroleum Plc are finalising merger plans.
While officials of both companies are keeping sealed lips on the rumoured merger, THISDAY checks revealed that discussions of the merger proposals were finalised and approved at a board meeting last Friday.
Efforts to reach Mr. Femi Otedola, who doubles as Chairman/CEO of AP and President of Zenon, for confirmation were, however, unsuccessful as calls to his mobile line did not go through.
If the merger is consummated, AP may become the biggest oil-marketing company in Nigeria in terms of turnover. Zenon’s annual turnover currently stands at N340 billion while AP’s projected turnover for this year is put at N260 billion. A possible N600 billion annual turnover will see the company emerge with the highest turnover in Nigeria.
It is, however, not certain which name the new company will adopt. THISDAY learnt last night that it would either be Zenon or African Petroleum.
AP’s shares have consistently experienced full 5 per cent bid almost on a daily basis on the trading floor for the past three months. The company shares have appreciated by well over 600 per cent over the same period.
However, as at May 4th 2007 when Zenon acquired 215, 227, 778 units of AP shares – making up 26 per cent of the total 27.5 per cent of NNPC stake – the market value of the shares stood at N65.85.
It was gathered that Otedola has since increased his personal holdings, which initially stood at 29.3 per cent, to more than 34 per cent, bringing his total share holding in AP to well over 60 per cent, all acquired on the secondary market.
While many ascribe this to the Otedola factor, the scramble for AP shares may not be unconnected with the company’s rumoured intention to pay between N8 and N10 dividend per share the year ending in December 2007. That will represent over 800 per cent increase from the N1 dividend that was paid shareholders last year.
It is also being speculated in the market that the expected merger of Zenon and AP might have fuelled price appreciation.
Some market operators believe that since Otedola acquired AP, it was just a matter of time before a merger was announced.
Since Otedola took over as Chairman/CEO of AP, the market value of AP stock has increased, a development some market analysts have attributed to renewed confidence in the company because of the success of Zenon in its eight years of operation. On taking over AP, he had appointed Mr. Tunde Falasinnu, from Total Nigeria Plc, as COO of the company in what was seen then as a major “coup” in the industry.
Otedola had in July 2007 paid nearly N17 billion to acquire NNPC’s stake in AP. However, controversy had trailed the acquisition as some shareholders went to a Federal High Court in Kaduna in an attempt to reverse the sale. The case was however dismissed by the court.
Sadiq Petroleum, which was the initial core investor before divesting, also petitioned the House of Representatives which led to a public hearing. At the public hearing, it was revealed by the DG of the Nigerian Stock Exchange, Prof. Ndi Okereke-Onyuike that while Sadiq Petroleum might have been forced to sell its shares for political reasons, it made a significant profit of N4 billion, having acquired the shares for N2 billion and sold them for N6 billion.
Zenon Petroleum and Gas is wholly owned by Femi Otedola and was established eight years ago. It is an indigenous company engaged in marketing and distribution of petroleum products with diesel and kerosene being its area of strength. It currently controls about a major share of the diesel market in Nigeria. - Thisday

[quote][/quote]When Dangote go pay us our money from PO.

When Aig/Access go pay our money from PO.


Any answers because I wan take my money put inside better stock.


They will start mailing the warrants from 14th jan

@Wanajo

GSK is ready for your kill! Closed at 19.02 today

Our beloved country Nigeria has been through a lot of Shit.No thanks to the oligarchic
few who perpetually keep the country in bondage through bad leadership,corruption
etc.
This thread is here to keep a roll call of those who by their wicked actions and inactions
contribute to the continued failure of the Nigerian nation.

My first Nomination into this HALL OF SHAME is,

OLUSEGUN OBASANJO,Soldier,3times Head of State.

This man wasted the golden opportunity for Nigeria to make a break from its
dirty past and forge a path of progress in 1999.

He capped this with conduction of the most disgraceful general election in the history of humanity.
Let us give 7 'SHAME'S to this enemy of Nigeria,
SHAME,SHAME,SHAME,SHAME,SHAME,SHAME,SHAME!

JUST A REMINDER TO MY BELOVED INVESTORS FAMILY.
The Chrismas smell is now in the air
As you invest,don't forget to make provision for your families' xmas
celebration.
Well,i expext a lull in the 2weeks to year-end because of Zenith P.O and Xmas festivities.
This should be an opportunity for nairalanders with cash to position before the great bullish
run from about Jan 4th.
MERRY XMAS,HAPPY NEWYEAR(so soon?)AND PROFITABLE INVESTING!

For those sincerely in search of Truth of thr Catholic Faith,you can get true answers to your questions
www.catholic.com/library/Mary_Mother_of_God.asp

The BIG problem is the quality that goes into making Catholic doctrines.When you have a college of Bishops with
a combination of over 10,000 PH.Ds,over 3000 of them Professors(in different fields of scripture,theology,philosophy,language etc)


Would one expect what they comprehend and bring out to be easy for some of these penticos to understand and accept?
That 's one of the reason words and phrases confuse them.A well educated person should look at issue
contextually and challenge it statements based on the context they are used.

 I am interested in matter of "SOLA SCRIPTURA' mentioned by pilgrim1 and i state
"The Scripture is not the only source of teaching for the Church"

@pilgrim
I had not visited this thread for sometime.just saw your reply to some of my past posts.

I am pleased that all your arguements are not out of line with what i 'm used to hearing from penticos
, taking issues out of context and misintepreting them.

Assuming you don't know,be informed that words,phrases,sentences,statements take different meanings when taken out
of context.

You quoted where Judith was referred to as "glory of Isreal" and you say the book is not inspired scripture?
I didnt see that before i commented that she and other great men /women of old are 'glory of Isreal ' contextually.
Your attempt to denigrate the book of Judith is unfortunate.
Early chriatians being mostly gentiles used diaporal scripture(old testament in use by jews who grew up outside the homeland)
They used the so-called apocryphal books or 2nd canon.They were accepted as inspired by Jews of the era and area.
If you say na devil write Judith and the rest, well that will join your other gaffes!

Japaul Oil Plc Turnover PBT TAX PAT
=N='000 =N='000 =N='000 =N='000
30-Sep-07 9 Mths 1,793,000 370,460 52,892 317,568
30-Sep-06 9 Mths 621,210 131,699 32,924 98,775
188.6% 181.3% 221.5%

CUTIX PLC UNAUDITED RESULT FOR 1ST QUARTER ENDED
JULY 31 2007.
2007 2006
TURNOVER N18.3m N246.0m
PROFIT BEFORE TAXATION N43.4m N65.3m
TAXATION (N15.2m) (N22.9m)
PROFIT AFTER TAXATION N28.2m N42.5m


This stock did a high of over 22naira few weeks back when they did 1 for 1.
Now the price is 7.50
Please what does the above result say of the company's performance?

BBC TV news reports the 'reported' arrest today)of the wife of a former governor of Delta State,
James Ibori in U.K in relation to on-going money laundering investigation.Details are still sketchy but trust the
topic to become news headline in the coming days.
The evil that men do lives with their wives!

Wondering how long Union Bank want to hold on to the result we have been waiting for.
I understand CBN insist they write off all goodwill.
Are we expecting any WEMA kind of treatment from these guys?

Abeg Oga ,where u see Dangote for that price?

Abeg Oga ,where u see Dangote for that price?

CORNERSTONE INSURANCE PLC UNAUDITED THIRD QUARTER RESULT FOR THE PERIOD 30 SEPT 2007
 
TURNOVER      change   %
2007- 2.344   0.361b   18.20
2006-1.983

PBT   2007- 0.820      745%
        2006-0.097

PAT  2007-0.570 2006-0.060  change-0.510 :%=850%

It's been quite an eventful and excrutiating week for us with the news of Wema's bad and good news.Then this Zenith bomb!
Stock investment and broking is sweetest on Nairaland
I no go die for this place ooo

NEWS FLASH,
Nigeria Bag Manufacturing Co(BAGCO),a subsidiary of FlourMill Plc is planning a public offer of 1.86b shares @3.90k to investors.
This was in the news today.
In the tradition of their parent company(Flourmills Plc)expect this stock to do great!

@
Showbobo
Being irresponsible is an obvious value wherever you are from.I won't dignify you by joining issues with on this matter.Just leave the heartbroken girl alone.
I can't allow you to keep bullying her.
I will give it back to you any how you want it!
I would have called you a YAM HEAD, but that will be dignifying you.

@
Showbobo

While i have apologized to shy1amy and all cultured and responsible Nairalanders about the mix-up,i will not take lightly your attempts to make anyone and everyone a liar in this matter.
If you are from a family of Liars and assume that everyone else is,then i assure you i am not.I do not owe a little mind like you any duty or apology and do not think you can give me the shove,because i am not one of your type.
A small Unilag boy should not think that this forum affords him the leverage to insult those who can be his lecturers in school.
Enough of your bullying little boy!