₦airaland Forum

rebekah2011:
IPO prospectus of Airtel is too complex for me to understand. It is buying into Airtel Africa which has subsidiaries in other locations aside Nigeria. It is an opportunity for those to buy a coy that is operating in Nigeria and other African Countries. The offer document is even in dollars

Same here, I have been battling since morning to decode the prospectus. I am even having headache now.
The 2019 FY financial report is even more mysterious. They have actually provided the report in "reported currency" and "constant currency".
But I struggle to figure out the expected returns per share to shareholders since all metrices on per shareholder basis is not included in the prospectus.

Even the offer size after a lot of rigmarole and plenty grammar is not stated. All they say is they have made provision to allote 10% above the subscription size. I tried to estimate it backwards from the amount they want to raise N270b and the high-end of the projected price range N454. The result is 594 million shares will be offered. But is this the same as Outstanding Shares (OS)?

In the prospectus, in one hidden corner, they state that issued and fully paid up share after listing in LSE is 3.7billion shares at nominal value of $1. Gurus in the house, please help us decode the OS and other metrices. PAT for 2019FY was $412m. Net debt in the books is $4b

This is my fear too. Though it is based on the well-known tradition of Indian businesses manipulating the books so shareholders will not get returns. I have quickly scanned through the Prospectus and 2019 FY report (yet to be audited). Airtel has a huge debt overhang of $4b

They have been making losses in the 2 years preceding 2019 FY. In the prospectus, they state very clearly that they are listing the shares to raise funds to offset thier debt.

Bro abeg if you have more insider info, please spill it out for the common man, make we no go enter trap again.

hisexcellency34:
Buy Airtel shares at your own risk

How did you get the info on the OS?

Is offer size in this IPO same as OS?

Mpeace:
mtn OS is 20billion Airtel Os is only 500million. If you do the maths you will see say Airtel cheap

iammo:



Mumu People before you wail on Tinubu's request, Remember most cabinet members of Abacha where selected by Abiola himself, and Abiola knew about the coup that ousted the interim Goverment, Abiola's problem with Abacha started when he refused to relinquish power to him or start a new democratic dispensation after Abacha tested powers

Did you read you read the interview at all. Kola said his father, MKO never nominated anybody to serve under Abacha. Read paragraph 3

Kola Abiola: He said, contrary to widely held beliefs, Abiola never nominated anybody into the regime of the late General Sani Abacha, and explained that some of his father’s former allies who chose to serve the late dictator had already decided to be part of his regime and his father could not stop them.

On the contrary, Tinubu went begging for Administrator, Deputy Administrator, and Commissioner. Each was refused. Kai

2018 FY result was 7 times worse than 2017 FY.
So what is driving the sudden uptick in price today?

cuteboy2:
UPDC! UPDC!! UPDC!!!

Gurus in the house. Please kindly educate us on what is causing this massive bump in UAC-Property today (+10%) from the parking lot of 1.5.
This UAC subsidiary used to be a N15 stock.

I took a look at thier Q1, 2019 result, there was nothing to write home about, just the usual massive losses.

What is happening?

UPDC! UPDC!! UPDC!!!

Gurus in the house. Please kindly educate us on what is causing this massive bump in UAC-Property today (+10%) from the parking lot of 1.5.
This UAC subsidiary used to be a N15 stock.

I took a look at thier Q1, 2019 result, there was nothing to write home about, just the usual massive losses.

What is happening?

I wonderful ooooo.

When he was an ordinary CBN governor, he was all over the place making false claim about "missing $20 billion, while at the same time funnelling billions to various organisations in his home state Kano to ingratiate himself with emirate Kingmakers.

Now that he is a powerful emir and has met his match in Gandollar, he has gone mute like a transistor radio with no battery.

Runaway:
Why is Sanusi quiet these days?

Murinhob abeg drop her digits here, as per your post in the other thread. Or email to slade200@yahoo.com
Thanks

Really! People are preventing Buhari from accessing information that is already available in the public domain? In his privileged position, he can demand to speak to or see anyone to obtain first hand facts.

What stops Buhari from picking up copy of Forbes or The Economist, or the tens of Nigerian Newspaper columnists who daily publish starks facts about the economy?

Why can't he just read? It's not that hard. Rather, he is playing dump, deaf and mute

Lifestone:
This article represent the story of our life as a country. Sadly those who have held this country hostage won't allow PMB into the real and full picture, the present economic team has told lies to itself enough and should give way for a more pragmatic and reform focused group to try again.
Certainly we can not continue like this

Don't get you. Can you clarify the last two paragraphs?

googi:
This is how they suck every living cell out of developing/emerging economy.

Get foreign judgments that wipe out the foreign reserve.

Servicing loans, debts, interest and penalties.

Oxford, London School of Economics and Harvard train economists will soon flood here telling Nigeria to pay and settle business dispute in favor of the suckers.

When OBJ paid off Paris Club odious loans, it was good for the Country. Nigeria was asked to borrow by the same advocate that paid of the loan claiming loan had cheap interest rate and good for credit rating.

Prof. Soludo had to put her in her place when she started believing her false assumptions. If OBJ and Jonathan knew better, she could not have been right in both cases - pay off or borrow again.

Sometimes you have to wonder who loves this Country except those poor men and women toiling day and night to trade in needed goods and materials, sell and buy while fat cats bundle their sweat equity out through forex.

GOFRONT:
Ghen ghen......Regina Daniel how far!!!

Market don spoil. Be like say dis girl dey bring bad luck to Nwoko

https://punchng.com/appeal-court-sacks-ned-nwoko-reinstates-nwaoboshi-as-delta-senator-elect/

The Abuja Division of the Court of Appeal on Thursday nullified the April 3, 2019 judgment of the Federal High Court, Abuja which sacked Senator Peter Nwaoboshi as the Peoples Democratic Party’s senator-elect for the Delta North Senatorial seat.

The Federal High Court in Abuja had by its said judgment declared Ned Nwoko as the true candidate of the PDP for the February 23, 2019 National Assembly election.

A three-man panel of the Court of Appeal, in a unanimous judgment, held that the Federal High Court in Abuja’s judgment was a nullity as the said Federal High Court lacked jurisdiction to have heard the case filed by Nwoko.

Justice Mohammed Idris, in the lead judgment of the panel, held that the suit by Nwoko was statute-barred and that Justice Ahmed Mohammed of the Federal High Court, Abuja ought not to have heard the case in the first place.

cc: Mynd44

I am interested. But seems the class has already started since last week, and I would have missed a lot. Can I still join?

leatfabiano3681:
I want to hold 10(ten)people by the hand and show them how to market their products online (Facebook and Instagram)

Who I am I? And why should you listen to me?

My name is Lewis, I own Fabiano... a shoemaking outfit in Lagos

In 2017, at the peak of the Economic recession...I packed up my 2 stores in the outskirt of Lagos Nigeria (toll gate and Egbeda)and moved my business online.

Sales in my stores..had hit an all time low..I was barely surviving...

I was living from hand to mouth...

Hiding from my landlords both at home and in my store...because I couldn't raise the money to renew my rents

I was a shadow of myself...I even contemplated moving my family back to the village

Then I started looking at the prospect of selling online...

Last year i sold over 50,000 unit of my products using Facebook and Instagram... right from my bedroom(in my boxers and singlet)

Not to mention several many orders I rejected..

I made several repeat sales from impressed customers..

I no longer bothered my head with cheap customers who didn't have the money to buy my products

No more landlord wahala

I made more money online...way more than what I have ever made in the past 5 years in my stores...

....I will be holding a free class on WhatsApp
Hit me on 08080281656
(

baliyubla:
While some idiots on this platform are only good enough for 30k monthly stipends. Smh

Or at best N5k Trader Moni to sell kpomo

deltateam:
Hmm. No human dare drag that title with Jesus. Its not a joking matter. My hand no dey.

You miss the joke. He said 'Judas' not 'Judah'

The former connotes betrayal. He is basically saying Amaechi is a betrayer

LordGuru1:
Wait o, na Keme and Bisola be this?

Confam. Na dem

http://saharareporters.com/2019/02/21/how-tech-company-linked-apc-national-leader-bola-tinubu-used-sophisticated-technology

ACT Technologies was INEC contractor in 2015 election. It produced and configured Card Readers and also produced PVCs for INEC for 2019 elections.

That company was set up by APC senatorial candidate
in Niger state. Tinubu and Col Sani Bello acquired this company preparatory and ahead of 2019 elections. The name of the company has been changed to Activate Technologies. They produced and uploaded 2019 PVC data into INEC database during the continuous voter registration exercise. And since they have the code to upload voting data into INEC database, it is therefore possible to remotely manipulate acceptance or rejection of PVCs at polling units of interest.

This back door access to upload data into INEC database is the basis for the repeated boast by Tinubu and Ganduje that they will deliver specific number of votes, namely; 3million and 5 million votes to Buhari from Lagos and Kano states respectively.

http://saharareporters.com/2019/02/21/how-tech-company-linked-apc-national-leader-bola-tinubu-used-sophisticated-technology

This from a family this government claims they recovered over $200b from

jayfolarin:
Do you have a video of the police spokesperson debunking the news? Or should we just believe an unknown anonymous source called zenithnaija.com?

Do you have video of the man with result sheets?

Meanwhile MC Oluomo's 9 children (6 girls and 3 boys) are living and schooling in comfort in USA. Two of them graduated from a university in Atlanta, USA last year.

asawanathegreat:
That is not true, we must move to next level

Who is going with u? God forbid bad thing
You are going to that next level of poverty alone.

Update as at 11:39pm on 17/2/19

neyop85:
Atiku, according to London, United Kingdom based security analyst and director of CUPS, Dr. Idris Ahmed, was said to have paid $1 million each to the Resident Electoral Commissioners (RECs) in the country to compromise the Card Readers in his favour so as for him to unseat President Muhammadu Buhari in accordance to the Dubai strategy meeting resolution of his party, PDP.

The DEFENDER reports that Atiku spent over N47 billion security presidential ticket of PDP at the Port Harcourt, Rivers State presidential primaries of the party, while he also went ahead to pay $1.1 million to Brian Ballard, a United States of America lobbyist to warm him into the heart of US President Donald Trump to support him unseat President Buhari, the same world’s most powerful, incorruptible President Trump had praised to high heavens following White House voluntary invitation of him last year.

Dr. Idris Ahmed.
CUPS.
16/02/2019.

http://www.thedefenderngr.com/exposed-atiku-paid-inec-recs-1m-each-to-compromise-card-readers-for-pdps-victory-at-polls/

Another fake story from Buhari Media Organisation (BMO).

* Dirty write up
* Horrible English
* Infantile construction
* Fake and non-existent "Dr Idris Ahmed"
* Fake and non-existent "CUPS"

It is lies like this that is alienating people, including his ardent supporters, from Buhari.

BMO should try and cook something more credible than this.

Venom236:
Reports have emerged that the People’s Democratic Party would be withdrawing from the February 23rd Presidential Election in protest to what it called a “scripted victory of the APC” that it could not challenge.

The leaked memo which was shared at a meeting of caucus leadership members advised the Party Leadership to announce its withdrawal and save expenses to be channeled to State elections.

Lies from the pit of hell.

Buhari's Fake News Media Organisation (BFNMO) is going into overdrive to churn out lies.

https://nigeriansdecide.org/poll/presidential-opinion-polls/

Polling is currently in progress on the forthcoming 2019 Nigerian elections

Go to this site to vote and see how popular your candidate is.

Results are updated automatically as votes come in

https://nigeriansdecide.org/poll/presidential-opinion-polls/

Emmyloaded:
PDP always at the rigging side

It's fake news. Police in Abia has debunked the story.

https://www.nairaland.com/5028942/police-debunk-arrest-suspect-prepared

phyllosilicate:
Published February 17, 2019
Ogbonnaya Ikokwu, Umuahia

The Abia State chapter of the All Progressives Grand Alliance has alleged that Police arrested one Gaius with already prepared result sheets showing that the state’s chapter of the Peoples Democratic Party won in the now postponed Saturday February 16 elections.

The state chairman of APGA, Rev. Augustine Ehiemere, made the allegation in a statement on Sunday in Umuahia, Abia State capital, at the governorship campaign office of Dr. Alex Otti.

Ehiemere, whose address was read by the Deputy Chairman of the Party, Chima Onyekwere, said the party in the state “received the polls postponement with shock and great disappointment.”

While recounting the losses experienced as a result of the postponement, he also disclosed that APGA’s attention had been drawn to an alleged plan by the state PDP to rig the election.

According to him, part of the plans was busted on Friday night when Police arrested a man who identified himself as Gauis somewhere in Umuahia for being in “possession of INEC’s sensitive documents and already completed result sheets that gave PDP victory ahead of the now postponed presidential and National Assembly elections.”

Fake news.

Police in Abia has since denied this false story.

https://www.nairaland.com/5028942/police-debunk-arrest-suspect-prepared

neyop85:
PDP online mods are doing a good job but alas, tomorrow is upon us, the truth shall be revealed for all to see.

So there are PDP mods on Twitter?

booblacain:
One thing I realize is that people generally prefer to like in cases like this than to retweet because liking is more anonymous than retweeting. So a lot of Buhari's sympathisers who would like to vote in the pole may just not prefer the idea of retweeting. Just saying.

So basically, those who will like to vote for Buhari are ashamed of him. This is quite a revelation.

Maybe they should vote for someone they are not ashamed off.

seunmsg:
According to the above statement, only personnel of the Nigeria Army were withdrawn. If he still enjoys protection from police and DSS personnel, then this outcry is unnecessary. Awka Ibom is a battleground state, the governor should be protected and at the same time should not be allowed to use security operatives to the advantage of his party.


I strongly support the move by security agencies to temporarily cut down the number of personnel attached to political office holders. They can restore their full security once voting ends tomorrow. We must avoid any situation that can compromise tomorrow’s election.

Why is the one of El-rufai (the body bag governor) , Ganduje (the dollar bullion van governor), Rochas Okorocha (the serial statue erector) not being withdrawn to reduce number security attached to politicians? Those ones are special governors who need the soldiers to enable them unleash violence and rig elections.

And why is Nsima Ekere (APC gov candidate in Akwa Ibom) who does not hold a significant political office going about with police and military personnel?

MrAJQ:
Sincerely INEC are bias and unfair to APC, the judiciary as well, I can authoritatively tell you if it were to be PDP they would have rectify the issues. Because PDP will seat on their Neck.

APC can also look for a nice "seat" and place it INEC's neck, and then sit on it. Haba! Abi they need cushion ?

Abeg people should not make me laugh this afternoon �