₦airaland Forum

presiade:
The distribution will be highly right-skewed. The median order value << mean order value. Na dem Otedola and co ordered most of the IPO. LoL

Dangote and the issuers know this already.
That's why they are clamoring for as much as 10million different co-owners even accross Africa.

Assumption:
If the average retail buy-in from common man both from Nigeria and Africa is:

₦100,000 (worth of shares) * 9,990,000 commoners
≈ circa.₦1tn.

Let's Assume:
Otedola + Davido + Elumelu + institutional investors, etc make up the remaining 10,000 shareVIPs

Average VIPs contributing ₦10bn* 10,000 VIPs =₦100trn.

Assumed Allocation method:
The 9,990,000 commoners will get their full allotment shares worth ₦1trn


Since Dangote needs ₦2.15trn + 30% extra= ₦2.8trn

2.8trn - 1trn = 1.8trn
This 1.8trn will be shared amongst the 10,000VIPs.

Thus, each VIP will get shares worth ₦180million rather than the ₦10bn they desire.


Over ₦9.892bn will be returned to each VIPs.

With the ₦180million worth of shares, each VIP will still get a very large number of shares compared to any commoner.


Conclusion:
So yes, you will definitely be right if this assumption were true or close enough.
The larger amount of shares will still be skewed towards the VIPs with the money bags despite a larger share of their money refunded.

presiade:
For those of you who decided to put body in the DR IPO:

https://www.nairaland.com/8753629/weve-already-raised-money-needed

Dem go return money tire.

Omo, no be small return.
The refund fit pass the IPO amount
Some people still never buy sef


Barely 1week!!!! $1.6bn raised + 30% extra.

Somebody shout Aura!!!

robobo:
no mind the job man. was he not listed in Toronto Stock Exchange before? wetin be the outcome /benefit of it then before he ran away and ran to Joburg, since hin don go Joburg what has been the benefit.

The guy na just megalomaniac

So ee don even enter Toronto b4
what's d advantage of these multiple listings sef?
More regulatory cost than benefit.
I don't see the visibility advantage.

mikeapollo:
But the same govt told us in 2024 that PH refinery has been finally restored and now refining products.
So why not use PH refinery as Plan B. Or were they telling lies?

That was supposed to be their plan B.
But ee don enter voice-mail be that.

WhizdomXX:
In one hand govt is supporting him, in another govt. is against him. Is this the true definition of no matter whose ox is gored?

It's kind of 2-faced.
See it this way:
On one hand govt is supporting the private sector and promoting country's self-sufficiency.
Remember they still own about 7% of the refinery.

On another hand, Govt is trying to be responsible and pro-active not to surrender it's energy sovereigncy entirely to a private sector.
Why?
Cuz No matter how some Nigerians will want to blame Dangote Refinery if theirs ever a fuel shortage or crisis. It's still a private managed business.
It's still FG's responsibility to ensure energy availability for it's population.
They are trying to ensure a plan B or back-up plan..

WhizdomXX:
Sharp. Up and running

These Ngx management will do everything to make sure Dangote succeeds, both in achieving his required capital raising as well as decentralizing the holdings to as many common people as possible.

Mega just reminded us Dangote was once Head of Ngx.
They owe him that much as one of them.

Why Dangote needs Nigerian buy-in into his refinery.

These are the ups and down for DRP Shareholders.

It's not going to be all rosy down the line.

Braze/hedge for "impact" sometimes.

https://businesspost.ng/general/nmdpra-licenses-six-firms-to-import-830000mt-petrol-to-prevent-year-end-shortages/

megawealth01:
Alhaji that was once the president of NGX

Yeah. Exactly.
This part of his experience is not even common public knowledge.

faoogoke:
Dangote should understand that the company belongs to many of us now.
At which board meeting did we decide he take this decision?

Imagine the audacity

He couldn't even call me on phone to ask my input before touching money from "our" collective pull of resources as a bona-fide shareholder

I have written a letter to convene an EGM to this effect!!!


lol...Make we dey cruise dey go

Invest in stocks via NGX WhatsApp Channel..
Select choice brokers where required.

No app required.

https://businesspost.ng/economy/ngx-invest-introduces-whatsapp-subscription-channel-for-public-offers/


NGx is about to explode in few years.

WhizdomXX:
The one you responded to in the link you referred me to.

Oh, OK.. I see now.
Yes, it can be done.
From a share price of ₦100, a single 100k unit transaction at ₦110 can raise the price by 10%(Max) direct to a price of 110 from 100..
It doesn't necessarily have to follow the step increment of 100.1, 100.2, etc....

WhizdomXX:
Thank you Boss, that means the question the person asked can be done right?

Which kweshion?

WhizdomXX:
Gm everyone......
So if a stock is at 500 naira and someone bids at 500.1 for 300,000 shares, and the order is filled, does the price automatically go to 500.3 or it moves to 500.1?
If it is none of this but something entirely different, please assist in educating me. Looking forward to your informed insights Thank you very much.

@bolded 500.1 not 500.3 since the single transaction quantity is 300k
(minimum 100k).

Price movement via accumulation of so many single transactions less than 100k at a particular transaction price is not acceptable on Ngx.❌❌

Also, for now, stocks from 100 and above move with 0.1 ticker size. Hence, You can place an order at 500.2, 500.3,500.4,etc for such stocks.
Provided such order-price is within +10% and -10% of the previous day closing price.

Read this for more info
https://www.nairaland.com/1131485/nigerian-stock-exchange-market-pick/10883#140340940

pluto09:
No bank will borrow you money to buy oando

But same banks dem dey borrow Oando to keep acquiring Oil assets

This life no balance.

Iamblessed8888:
Lower bound 16%
Upper bound 19% ish

Thank you.

Iamblessed8888:
MMF rates may take a nosedive soon

What's the rate- range across board currently like?

essentialone1:
Nobody forgets anything. People only claim to forget, what they never planned to do, in the first place.

People do forget.
Hence diary and To-do lists exist.

SonofElElyonRet:
Dangote planning to invest $10b into power

good..
https://guardian.ng/news/dangote-shifts-to-power-commits-10b-investment-in-three-years/

smiles..its well

presiade:
Have you been under a rock? They’ve credited subscribers’ CSCS accounts since early September na.

not the credit to CSCS account.
But the listing of the shares on the Ngx was done today-21st September.

pluto09:
https://www.businesstimes.com.sg/international/vietnam-stocks-slip-first-day-ftse-emerging-market-benchmarks

lol... long priced in..
be like Vietnam market get hawks and Owls always alert to react to info ASAP.

Ngx dey learn work be that.

megawealth01:
As seen on the internet

His people need to here it more cuz of the hype.
Especially as Dangote is from their state.
their good character of being too trusty and honest could trust Dangote enough to the extent of trusting his stock performance by selling their houses

EMIR Sanusi is doing a good counter PR Job.

sterlingD:
There has been silence about the case there was supposed to be a hearing on the 16th of September 2026 no communique has been released.

It's wise they resolve the
Issues indoors.
It doesn't do the already redundant sector any good.

deathwing:
The tab was still open since the three hours I posted

3hrs!!!

Mine, on a good day it's about 10secs.
On a bad day, about 5mins.
It's never instant.


I feel your pain.

1) Try changing network.
( I use MTN).
2) try using mobile view on your phone.

If using Desktop view, try disable image loadings and other things from your browser settings.

Desktop view seems to take more time even on mobile-
Phones.

There developers needs to find ways to optimize their code base...ASAP

deathwing:
This page on the ngx website has not opened for me in about a month, despite all the general complaints from people on X. Very useless infrastructure.

I agree.
The infrastructure isn't fast enough.
It loads/opens sluggishly depending on your network speed.

Be patient.
give the page time to load(like 3-5mins).
Weird (I know)


They probably wrote the former faster website with faster and old programming language( like PHP, C & C++ programming language just like Nairaland with very few modern programmers in this language space.

This updated one probably uses modern language like Python related back-end.
Python is heavy and slower.

Just saying.

GeeKudi:
Yes. At least I know of Ebonyi.

Wahala dey for this country.
Before we attain uniformity and equality in some basic things go hard Ooo.
Before we begin to think of thinking and reasoning together as one.

Na so Abaji pupils wey no far from ABJ still dey carry huge stones for head as seat for their classes.
Wetin wan come enter the head from the book?

They will develop WWE muscles 💪 with brutal and vein filled squeezed faces before they graduate.

12yr old pikin go resemble ancestors before im time.

KarlTom:
They are already here...

As Shoe never shine, their face never show Oo.
Make dem commot their facecap and glasses 👓 PUT BODY..

GeeKudi:
To think that this is still being practised in some states in Nigeria.

Uh!!!
Dem still get morning and afternoon session pupils?

WhizdomXX:
Learned seniors please I have a question oo, why is ellahlakes, even though small, not following in the path of Presco and Okomu
Agbalowomeri, chimex38, bullbearmkt.

1)Open it's financials and start from there and compare with its share price.
Revenue/Finance Cost/admincost/Earnings/PAT/EPS/ROE/Debt/liabilities, etc

2) It seems to have a Management/Personality problem for the past 2 financial yeare
(2024 & 2025).
They've far underperformed their projections.
and where they delivered, it's usually far beyond the estimated timeline.
(read their Disclosures from Ngx or this pages of this thread from 2024 till towards the end of 2025.

3) OS is still going to be bloated in the near future. More dilution incoming.
Some debt might be converted to equity.

4) Theyve done private placements for some investors at ridiculously low prices. This suggests to retailers and the overall market that the current price might just be premium to the internal valuations.

Nevertheless, we hope they have learned their lessons.
Ellah has huge prospects with large organic asset base and if harnessed efficienctly as expected from this financial year onward, will grow at geometric speed.
The potential is there, hence the Kalo-kalo nature of price Movement



Lastly, I no near those people wey u carry my name join Ooo. Na my Ogas be that .

megawealth01:
Drama As Nigerians Demands Shareholders’ Meeting With Dangote After Investing ₦5,250 in Shares


https://starnews.com.ng/drama-as-nigerians-demands-shareholders-meeting-with-dangote-after-investing-%e2%82%a65250-in-shares/

This kain see finish cuz of 5k

ayobama1:
It is not a bad idea if they will take the same Dangote Refinery shares as collateral

They are taking sth else as collateral for the refinery they know little to nothing except futuristic hype.
Sth one haven't seen it's financial consistency.
It's a bad for the average investor with little cash flow.