₦airaland Forum

londonerr:
Just imagine something happens to the refinery..... That tanks your ajo money

megawealth01:
As seen on the internet

Dangote refinery is now in mountainous debts, and in a concerted bid to raise more capital to sort out the debts, the company has cunningly asked poor Nigerians to come buy shares as low as 5k Naira.

Nigerian elites are the biggest problem of this country. They only remember poor Nigerians when things go south for them and their businesses.

What has Aliko Dangote done for Nigerians all the years he’s been making profits and topping the list as African richest man? Absolutely nothing!

Dangote sells a bag of cement far more expensive to Nigerians than he sells to Cameroonians, Ghanians, Ethiopians, Senegalese, Tanzanians, and Zambians.

Dangote cement sells across 10 African countries, and his home country where he produces these products with all the risk hazards, still buys Dangote cement more expensive than other countries where he exports to.

It is now time to settle mountainous debts, Dangote wants Nigerians to come buy 5k Naira shares in refinery 🤣.

So, if we leave you, you’ll send your urgent 5k to Dangote in the name of being a shareholder in a refinery. You want to be a refinery co-owner with 5k Naira 🤣.

They understand very well that you’re greedy, so they’ll keep riding on your insatiability to milk you to further enrich themselves.

SonofElElyonRet:
Dangote said "1 for every 10" but the prospectus doesn't capture this specifically.. I have deferred to the prospectus but still watching if dangote will go ahead with his pronouncement which he may not be bound to do but not estopped from so doing. My thinking

megawealth01:
My layman's understanding of the prospectus... THIS is my one response to the many queries in my mail about this IPO

The Dangote Refinery is offering retail investors up to two bonus shares if they continuously hold their IPO shares for a period of two years.

To qualify for this incentive, investors must purchase a minimum of 10 shares during the public offering and maintain at least that minimum holding throughout the entire two-year period without selling.

In simple terms, you must hold your original IPO shares for two full years to qualify for the complete bonus entitlement. For example, if you purchase 10,000 shares, you must continue to hold all 10,000 shares for the full two years to be eligible for the additional two bonus shares.

I stand to be corrected

Raider76:
Those two can hardly have a good business relationship.

Streetinvestor2:
So if they hit 1.4m barrel. The numbers will become magical with OS of 125 billion
A company OS is very important in any company you are holding. If not so you will always be disappointed at their full yr results. Have you considered share reconstruction in the future for any PO

GeeKudi:
Do they even have any problem getting uptakers for their production? I don't think so.
The only news that will work for OANDO must have to do with their financial restructuring.

thebargainhunte:
Wale should just surprise us by announcing his resignation

ghm:
I have subscribed to the Dangote Refinery (DR) IPO – so that I can remove myself from the pros and cons noise as quickly as possible.

Now:

Are there opportunities (outside DR) in the market currently? Any catalysts on the horizon?
Any specific strategy to prepare for FTSE Frontier inclusion on the 21st?

yMcy56:
I read an article which says, even though our banking stocks have appreciated in prices, yet they're still cheap compared to their counterparts in other climes.....

If I see it again, I go post the link here..

* How much Cent is GTB?
* Aside SEPLAT, AIRTEL & NESTLE recently, how many stocks listed in NGX is selling for $1 yet....

Maybe OANDO go do some craz* moves...
Wale better behave and put things in order fast....😊

Raider76:
The man is a marketer. He sells hope. That's why he is where he is.

Evaress:
Do you know that rejection hurts men so much? Men can't take "No" for an answer. There was this man who kept hitting on me for a long time. During the initial period, the man gave my phone like 20 missed calls. I kept turning him down. One day the guy just called me and insulted me on the phone. When I bumped into the guy on the road, I even still tried to greet him. The guy just snubbed me. This guy never called me again. lol😅😅

I have been rejected many times, I just laugh it off. No hard feelings. Love is not by force o. Please grow up! 😅.

Agbalowomeri:
You don see how Dangote dey do the monkey hunting? I initially thought people were merely dragging, only to see his interview that if you buy 100k worth of shares you will become a millionaire in 3 years

awesomeJ:
No, I blame you for being too stubborn to read. Cos I clearly showed you the section in the prospectus, but you preferred to advertise your folly.

SonofElElyonRet:
You are mundane not awesome. And the J probably stands for joke of the century...
You would blame me for believing what I heard dangote himself say right? I now concede I was wrong thanks to reasonable refined people who pointed it out. I did not concoct the statement. Blame Dangote, Awesome Jester

megawealth01:
As seen on the internet

thebargainhunte:
It is just inborn, nothing moves them. He will surely sweet talk his way out.

Streetinvestor2:
Abeg oh.They must pay dividend by 2027 or max 2028
If it fail Dangote no go breath for Nigerians mouth...lol

SonofElElyonRet:
But you dey fight me when I call am greedy belly

jonnysessy:
This dividend is going to be spent wisely. Will remove what to fill my tank and the rest goes to Dangote Refinery. Technically everything invariably is going to Dangote Refinery.

pluto09:
There is money to be made with dangote refinery for those who understand the game.

megawealth01:
As seen on the internet

megawealth01:
As seen on the internet

madridguy:
The news is there online for you to see.

megawealth01:
THE LAW. How's JAPAUL and ELLAH?

Streetinvestor2:
The main thing that will make this ipo over subscribed is the strategy being adopted. The target is large percentage of poor Nigerians who can easily part with 11k plus for 20 units and the promise of making them millionaires soon.It is easy to succeed in any projects u collect small money from Nigerians and promising them prosperity soon.The level of hunger and poverty makes most think of quick money this days in our country. That is why a very large percent of our population plays one form of bet or the other. Alhaji knows why 10 units was made as minimum purchase. He for try 100 0r 1000k..lol

SonofElElyonRet:
Another way of saying no fight me, fight the source of the story .. a disclaimer... Not necessarily my opinion... I am just reporting.. go and fact check if you doubt.. I am not a fact checker 👍

Agbalowomeri:
Will Zenith pay full year dividend of N13?