₦airaland Forum

rmx:
businesses and governments will buy from the cheapest sources available , it’s not a big deal , china and India buys some of this discounted oils , be it from Iran , Russia or wherever available , sanction is an American thing , not compulsory for everyone to bow to that narrative and not everyone is in agreement especially when there is significant gain to be made

rmx:
businesses and governments will buy from the cheapest sources available , it’s not a big deal , china and India buys some of this discounted oils , be it from Iran , Russia or wherever available , sanction is an American thing , not compulsory for everyone to bow to that narrative and not everyone is in agreement especially when there is significant gain to be made

awesomeJ:
No one is praising the government for having slack oversight. I was only responding to @streetinverstor2's question as to why imported fuel could be cheaper despite the added logistics.

If you want to criticize the government, this lack of diligence would be one area to criticize, cos of the health and environmental hazards you mentioned, not to talk of potential expensive engine replacements for cars and machines.

A bigger area of criticism is perhaps insecurity.

That's my own perspective. I do not even have a voter's card, and this is not the only citizenship I hold, so I don't really care much.

awesomeJ:
Where were you about 2 or 3 years ago when the entire country was subjected to fuel with excess ethanol? How did such fuel make it to pumps if the regulator had good enough QA?

And you have started delving into another matter, no one is saying fuel of the same standards (50ppm sulphur for instance) would be cheaper if imported.

What we're saying is that the regulator who issues the import license has no laboratory to check what comes in, so off spec products do indeed make it into the pumps, and that's why they're cheaper- cos they're either sanctioned or off spec or both.

awesomeJ:
You do realize there are sanctioned oil cargoes which trade at significant discounts. There are also cheaper off-spec (dirty fuels). When those get imported, they'll naturally be cheaper.
I don't think the government claims any ban on importation, that would be too risky for prices given the monopoly in that space. What they celebrate is that the country is a net exporter, and even that is a metric that might change with trade balances per time.

And @mikeapollo, your logic of importantion implying subsidies is flawed.
It's not importation that spells subsidies, it's pump prices. There's currently importation without subsidies cos we're still buying at prices close to what's seen on benchmarks like Platt.

On the other hand the government could work on an arrangement with DR that would peg prices at #500 , that's when there would be subsidies and likely no importation.

So, subsidies are about prices not product source.

How you make correlations isn't quite clear atimes.

SonofElElyonRet:
Na me create greed and fear index?
Ogbeni semi jeje o

Agbalowomeri:
If government no give license, na una go still shout monopoly

Agbalowomeri:
And they told you that na government dey import?
You just dey look for anything to discredit the government which shows you have never been objective

SonofElElyonRet:
Hopefully Otedola and Tony will aggressively accumulate more of the shares. I know say Otedola na greedy belly

KarlTom:
Q1: 111.67bn shares
Q2: 7.5bn shares (initially 3bn units but it was oversubscribed by 3.7 factor so an extra 1.5 factor was allocated)
Q3: not yet disclosed

111.67 + 7.5 + 4.1 ~= 123bn

If we add PP and IPO (7.5 +4.1), we have 11.6 (about 10%)

emmanuelewumi:
Otedola bought the private placement and would have enjoyed stock split

emmanuelewumi:
What was the par value of the shares during the private placement?

Private companies usually have a par value of N1.00 and above.

Whereas the par value for the public offer will be 50 kobo per share

nosa2:
My religion forbids me from buying IPO's unless they are government privatization exercises. So I am certainly not buying

deathwing:
It closes in October. Shares list in Nov. Where did you see December?

NSEstudent:
If you haven't decided before today, then...

My point is folks should have decided whether to participate or not, long before now.

GeneralDae:
Watch live: Dangote IPO signing ceremony

https://www.youtube.com/live/evWIc3gKHLA?is=0KiG1e21KiIfJULw

Valthegreat:
MTN dividend safety landed this morning. At least this one will go a long way towards consoling us for the reddish market.

orriyomi33:
1 for 7

orriyomi33:
Yes

Agbalowomeri:
So NAHCO has dropped almost 50% from it's ATH

Imalwayshorny:
Bean 1 derica 1k naira
Palm oil 300 naira
Ata rodo 200 naira
Maggi 100 naira
Salt 200 naira
Garri 200 naira

That's 2k naira drop your own

Agbalowomeri:
East African refineries are separate entities from Dangote refinery and being funded by their grandparents and other investors

PETERiCHY:
Those HOPING to make QUICK MONEY from DANGOTE REFINERY will be highly DISAPPOINTED.

Like Dangote Sugar
Like Dangote Flour
Like Dangote Cement
Like Dangote Refinery


BARGAIN HUNTERS TAKE NOTE!

Agbalowomeri:
Shey na $5B go do expansion, come still build new refery?

SonofElElyonRet:

You and mikeapollo sha dey market Oando. Una marketing don dey work on me

Meerahbel:
If it's subscription, I'd pay particular attention to what the company plans to do with the money. If it's sale, I'd want to understand why existing shareholders are selling and who exactly is selling.

Streetinvestor2:
It looks the guys who participated in the PP must have benefited from share split for them to have arrived at 120.13 billion registration for existing shares
The ipo of 4.1 billion is new shares created by the company. That is why the money is going to the company. If it is from the existing shares. The money will be going to the share holder selling

Stockpromoter:
Look well before dog bite you.
Is the OS encouraging?
Confirm the OS is not 120B units.
Confirm Aradel OS before making comparisons.

deathwing:
No. Fert is next year IPO