₦airaland Forum

williamszooh:
@lexy2lexy, you can submit your passport with the request letter to submit your passport, you don't need to stress yourself,they had every of your details on their system,they definitely know that you applied to renew your visa.Congratulations sir/ma

222Martins:
My Take on the Anticipated Refinery IPO. If you are not invited to the Private Placement or you are unable to afford it, kindly stay away from the IPO and here are my reasons.

1. The people/companies buying the private placement will get it at a huge discount. They will take out millions and billions of $$$ loans at cheap rates to buy the private placement.

2. The private Placement holders will not buy blindly, they will be shown the books and workings of the business in live tours and in a PP Prospectus; so they will surely be buying at fair value with adequate knowledge of the numbers.

3. After the Private Placement, the IPO will hold at a premium price. This is where the poor and middle class go to submit their hard-earned money.

Just as a certain "OF" is already trumpeting that he will be investing $100M in the refinery, all the big names that matter locally and internationally, both individuals and corporate will queue up for photoshoot during the IPO launch and many will rush in but beware, none of them will be buying the IPO with you as they have already bought the private placement at a cheaper price.

PFAs will rush the IPOs and trumpet it because their Board members will be part of the Private Placement using corporate shields or SPVs and secondly, the pension fund they are administrating is not really their money, so who cares.

4. Immediate after the IPO is closed, the Private Placement shares will be listed on the NGX at the same price the IPO was sold and there will be a scramble; but due to scarcity, the price will be driven high above the Listing Price, yet people will not see it to buy.

5. Those Private Placement Investors that took loans to buy the PP Offer will sell/release their shares at a very high price. They will repay back the loan they took plus interest. They will now be left with FREE Refinery shares that cost them zero Naira/$$$. The investors among them can afford to sit and wait for years since the shares now cost nothing; while the traders among them will book profit and wait for the price fall to re-buy again.

6. After the above has happened, the IPO shares will be listed and the same poor and middle class will start struggling to book profit at the high price they are seeing but alas, it is going to be on full-offer and down the hill it goes from there. Imagine competing with the uninformed public who simply bought because of the hype and bragging rights of "I own Refinery Shares."

7. When the price is thoroughly beaten down, the patient-investors who stayed away from the IPO and those private placement traders who sold their free shares will mop up at bargain price because when it comes to business and investing, history does repeat itself.

As a final note, when the poor and middle class wants to buy a car, they seek advice from public opinions and car sales people. But when the rich wants to buy a car, they consult their rich friends, lawyers, financial advisers and bankers. The same principle applies to stocks. Just as cars are sold by car salesmen, that is how stocks are sold by stockbrokers; so use your tongue to count your teeth.

Disclaimer: The scenario i painted above is just an illustration and figment of my own imagination. Please do not take it as financial advice. You are responsible for how you interpret the fictional story above.

Sunrisepebble:
What is the method to this dividend payment. I’ve not seen mine yet

emmanuelewumi:
Thank you.


That will be a total dividend of N10.00k

lexy2lexy:
Hello everyone, I haven’t received daily price list from the firms (FSDH, Cardinal Stone, Greenwich) I subscribed to since Tuesday. Anyone in similar situation?

BabsO2:
I usually sell in the market out of what I already have and pick it up back by taking my rights if I want to trade rights. But this requires market price to be attractively higher than rights price.

There are other official ways like filing the rights form portion for trading rights. Or getting in touch with broker to set up the rights for trading on the floor. Never used em. But aware.

I bought PRESCO cheaper than rights today on the floor.

HesInMe:
Beautiful. WAPCO is a N200 stock by any reasonable measure.

ChisomK9:
France first time on a fresh passport
Appointment 11 sept just picked up my passport got 30days multiple entry

Fathy001:
Any update for the people that submitted 3 weeks ago @TLS Lagos because am a Frequently Traveller I don't know why there's delays on applications for frequently traveller

adamx23:
I have also not received.
Do you use Stanbic Stockbrokers?

Mpeace:
When did the Nigerian senate become an institution to be taken se....
Somebody needs settlement

KarlTom:
On LAFARGE...

GeeKudi:
Chaii!! That's like N125? Ol boy!!

yMcy56:
ZENITH
Struggling but finding it difficult to close gap with GTCO.....

Meanwhile, today 17th is the last qualification date for FIDELITY's interim dividend of 0.85k...

Panadee:
Same here. I sent an email today to customercare@veritasregistrars.com but it 'bounced back'.

I then sent an email to enquiry@veritasregistrars.com but there has been no acknowledgment of receipt.

Same thing happened to me with the 2023 dividend payment but the email I sent to their customer care was replied and the dividend paid within a week or so.

Ginalex:
https://businessday.ng/news/article/senate-increases-windfall-tax-on-banks-to-70/

Ginalex:
UBA at 20👀👀. Is it the same 70% windfall tax that's causing the dip in virtually all the banking stocks?? Let it kuku get to 18 naira

Theosodom2ky:
Still on application received for 3 weeks