₦airaland Forum

Agbalowomeri:
If na me sef na $300B I go value am
Una go pay for my sleepless nights and my grey hair

Oasisblue:
I agree it seems an overvaluation. Maybe they are factoring the fact that they want to expand the capacity of the refinery to >1million barrels/day?

I will be happy to buy at even $70bn.
$50bn is fair in my opinion.
And yes, like you said, a significant portion of the proceeds will go towards building the train II and making it the largest refinery in the world without needing any other qualifier (like "single train). At 1.4million barrels a day, it just simply becomes the world's largest!

GeneralDae:
$50 Billion?? Isn’t that an overvaluation? Anyway, we wait and see.

The fact that Alhaji spent $20bn to build it doesn't mean anyone will be able to built it for that amount today. $20bn of 2013 is worth significantly more than $20bn of 2026.

Then you value the market share the refinery already has around the globe and other such intangible assets.

Book value should be $30-$40bn

$50bn market value is then just 1.25x - 1.67x which is very fair.

222Martins:
My God!!!! I just logged in now to my MorganCapital account only to find out that all the AccessBank shares i have been buying and averaging down since Monday to Thursday when the market was red have been removed from my portfolio and the money refunded to me. What kind of playing is this? This is no longer a joke!!

They had a glitch from Monday through Wednesday, Some executed trades weren't captured by their system, so I advised they rollback the transactions for those 3 days and just reupload afresh since I wasn't the only person affected.

Perhaps they took my advice or perhaps they thought to do it on their own.

If you check the transaction references for the whole of this week, you would see that they now carry E8, E is May, 8 is 8th (E8 is May 8th just as D7 would be April 7th), and the transaction count were close to 15,000 as opposed to about 3k for a regular single day.

This means all previous entries for the entire week were discarded and the transactions were cleanly re inputed just yesterday.


The numbers are now exact on my end. Since I have my private software for tracking too.

SonofElElyonRet:
Omo, the appreciation is crazy.. from less than N2 listing price

N0.94 listing price given the 1 for 1 they did.

Dupeodus:
Can you fault his analysis?

Access Bank isn't the largest African bank by assets.

The wrong stat isn't necessary to prove that the bank trades at a discount.

But the market doesn't always trade common sense.

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

If the bonus is 1 for 7, then the 8 new shares at the new price must be worth exzactly thesame as the 7 shares at the old price.


251.75*7/8 should be 220.28.

The ceiling of 220.3 will be taken due to the 0.10 pricing step.

ogawisdom:
you people need to understand that Q4 is usually the strongest for NAHCO, they usually start slow in Q1, seasonality in business.

But the comparison is Q1 to Q1.
You make it sound as though we're comparing Q1 to Q4.

Sunrisepebble:
Do we really have in surplus though? Industry capacity utilization is about 50-60% at best.

You're corroborating the statement of surplus with this stat.

If there's underutilization, it simply means there's excess capacity barring any mechanical limitations.

They won't grind more stones than there's demand for ba.

Plus a significant portion of the clinkers ground are for exports.

Shalom428:
Where is AwesomeJ ? Correct Guy!!!

Mostly in read mode.
Not much to add to the deliberations 😁

ositadima1:
I am not interested. Let me remain ignorant on this thread. You can go over there and discuss with your geniuses.

Aim is solely to address the derailment concerns raised.

This sort of debates hardly yield any results as folks on either sides already have their strongly formed opinions.

ositadima1:
The problem with your comparison is that Iran is not Borno. This is the same mistake people make in trading, comparing two things that are not equivalent simply because they feel emotionally connected.

Nigerians are living in Iran and doing well. Iran, as a whole, is more advanced than Nigeria both educationally and technologically. Iran has existed for thousands of years, you’ve heard of Persia. They had scientific and technological developments long before Britain, which later gave rise to the United States.

Even the concept of the “algorithm” used in modern computing comes from a term rooted in ancient Persian scholarship.

You are not comparing Borno with a civilization that is over 3,000 years old. I challenge you to research and study.

You're also comparing the Ayatollahs and IRGC to the people of Iran, that's even a worse comparison.

The 3000 year old civilization you refer to is of the people of iran. We all love them.

this war isn't against them, instead it's against the evil and ideological regime.


But guys, please let's continue on this temporary thread instead:


https://www.nairaland.com/8650168/us-israel-v-irgc-thread

...Maybe let's continue here

Oasisblue:
Are you sure?

The Palestinians have Canaanite DNA oh!.

Maybe, May not. But out of respect for others, let's talk SEPLAT.

Is it on your radar?

Willie2015:
We dey look at N12k ...

Maybe Tony might hunt for another 5% stake.

Cos oil prices alone don't look like they can bring 12k.

There's also news about their conversion of most MNPU assets to the new favorable tax regime. I don't know if the conversion has now reached 100%, but they announced a major portion was successfully converted a few months back. That has the biggest impact on earnings.

Now market updates:

Deal counts moderating below the 139k surge we had last week.

ChAMS is going through a lot, some of us have liquidity to pick the discount since it's extremely cheap.

SEPLAT should cross 10k soon.

Apologies for the derailment guys.

We're sorry.

ositadima1:
People complain that we are derailing, yet you keep engaging me. I have no choice but to respond. Look at Trump’s posts, angry people say things that do not necessarily reflect official government policy. I’m sure you have said things once or twice in your life that you later regretted.

Yes , this is a fair comparison - Trump's truth to Khamenei'd tweet, But the one you did earlier with a tweet and a charter no follow.

ositadima1:
Let’s summarize the points so far:

a. Israel claims that the land is theirs because Israelites once lived there.
b. The problem is that, for some reason, they migrated, and Palestinians expanded across the region. Keep in mind that Palestinians also lived there while Israelites were present.
c. With support from Western allies, they took those lands by force.
d. This logic is challenged when you consider that even the Bible indicates those cities existed before the Israelites captured them.
e. Palestinians and parts of Lebanon, whose lands and people were affected, formed groups such as Hezbollah and Hamas as guerrilla forces to try to compel Israel to relinquish captured lands.
f. Iran supports these groups, as they need resources to fight.
g. Israel is also said to have a broader vision, sometimes referred to as “Greater Israel,” aimed at expanding influence in the Middle East.
h. As a result, the conflict continues.

Your analysis would have made sense if this fight was between the Israelis and those people who occupied the land before them

The fact that the Palestinians also once lived there is not the basis. The basis and justification is that the Israelis lived there long before any Palestinians and so they have a right to reclaim the land as long as they never sold it to the Palestinians or gave it to them based on any treaty.

In this case, they were forced out due to oppressive power, now that they themselves have oppressive power of their own, they can justifiably reclaim the land by the same oppressive token

Oasisblue:
You guys just amuse me. You think if we excavate Onitsha back 3,000 years, you think its people that look and talk like the current occupants that used to live there? How do you think Onitsha people will feel if some people arrived claiming their ancestors once lived in Onitsha millenials back and hence they have the right to the land?

If indeed the archaeological facts supports their claims, and they can win the fight, good for them.


It would be a different story if the excavation instead shows that the old occupants were indeed onitsha people and not the invaders, then theur plight would not be founded.

mikeapollo:
The people who were there before the Israelites can mention their names and come forward to retrieve their land.
You can also help us to call their name so that we can search for them and tell them to go back to their land. Simple. Please do.

Exactly 💯💯💯💯

ositadima1:
I have answered you: Hezbollah and Hamas exist because Israel created the conditions for them when it encroached. These two groups did not exist before, so they can say anything because they are at war. Trump said his own as well.

Why they exists is not the contention here. For you to think the leaders of Israel should condone their terrorist acts and bear loss of lives to their citizenry is what we won't agree with you on.

Who cares why boko haram or iswap exists, if we had a leader like netanyahu that would degrade them and preserve the lives of innocent Nigerians why would you object?

ositadima1:
Okay, maybe you were not following, I stated it here.

Okay so if this records are true?

An Emperor took land from a set of people, then banished them and gave the land to another set, yet when that set of people are now able to reclaim the land, you prefer to refer to it as stealing or land grabbing?

Why do they or anyone have to reckon with the oppressive emperor's decision? Abi since when has it become a crime to find strength to reclaim what you lost to oppression?

ositadima1:
Who made the charter, and which country? Does the UN recognize Hamas as a country?

These groups came into existence because of Israel injustice, not before. There was no Hezbollah or Hamas before 1948. I don’t know how many times I have to repeat the same thing, people can say whatever they want under pressure, just like Trump’s message a few nights ago.

you're only making repetitions cos you have a confused position.

If someone mentions that an organization has a charter, you simply deny that they do not, or find a way to make the fact immaterial, not bringing lame counter argumaents like, but no country has the charter. You should agree that you can really do better.

ositadima1:
Again, I am asking you one more time: has any country in the Middle East had such a charter, yes or no? Please stop these circular arguments.

is israel attacking any other country in the middle east?

Does the regime which Israel attacks have such charter?

Where is the circular argument? You arguments really have no substance here.

ositadima1:
My friend, the Palestinians have a right to the land they have lived on for more than 1,000 years. I am sure you wouldn’t fold your arms and watch someone else take your property, even if you had ten times that. In their case, they don’t.

What's your proof that the palestinians have lived on the land for more than 1000 years whereas the Israelis have not, cos you're insinutaing the israelis have not right to the land.

after you watch small Aljazeera, why not try balancing your biased knowledge with other historical facts and archaeological records?

ositadima1:
So, you agree that no country has such a charter, yes or no? No need to try to rationalize.

someone mentioned organizations, you chose to counter him by mentioning country. This is only cos you have no valid counter argument, but yet find it hard to submit to a superior argument.

ositadima1:
When at war, anybody can say anything. Did you not read Trump’s message about bombing and destroying the entire civilization of Iran? Does that mean the U.S. wants to remove Iran from the face of the earth?

What kind of apples to oranges comparison are you doing? abi you don't know the meaning of a charter again? Na wah o.

Pete002:
Lol
Thanks for your contribution, but I think Royalex is on a downward trend for now

Isn't that when to buy if the numbers are right? abi you prefer to queue when it's on an upward trend?

this isn't a trading advise in any way, and the question isn't peculiar to the stock in question, just a general question.

EDUECO:
You think and write like deluded Americans who think they are still the greatest country in the world.

China is now the greatest country in the world.

If this your talk of China is what you really need to be happy, no one is disputing it with you.

What we're talking about here has much more substance that useless debate of which country is greater.

We're talking about the fact that it's evil for any set of people to chant and plot death to another set, when the latter set becomes proactive and deals decisively with the evil plotters, it's pure idiocy for folks like you to start wailing about their conquest or try to make it about some dumb debate about which country has bigger power.

ositadima1:
I did not invent the word “occupied West Bank”, that is what it is called. Please take the time to read, or you’ll end up sounding uneducated.

Like Mike told you, this situation didn't start in 1948. you thinking so shows partial education on the subject on your part.

ositadima1:
Sorry, but you need to calm down and think rationally. The Middle East is not one country, there are Palestinians, Iraqis, Iranians, Syrians, Lebanese, and others. It is not one continuous people.

This conflict originally involved Palestine and Israel, but due to long-standing relationships over hundreds of years, other countries have intervened. In the same way, if a country were to attack Italy, much of Europe would likely intervene.

Do you need any further explanation?

I don't need any further explanation, what you should do is see the fault in your own thinking. A sane country with 1,600,000 square miles of land has no business wanting to exterminate 9 million people just because it feels they stole 8600 square miles of land which it has no real claims to in the first place.


If they cared so much about the palestinians, why not give them just 20,000 square miles around tehran. or if your false claims about land grabbing were true of israel, why did they ever agree to give up 23,500 square miles of the Sinai penissula which they had taken as spoil of war from Egypt?


And don't be confused to think that these folks even want a 2-state solution, their choice is everything from the river to the sea, land that they're only delusional about owning