₦airaland Forum

nosa2:
People are now openly mentioning N1 for this stock..... how sentiments change

Abeg ooo. It is just a guess for context

Ellah can still rise.
Never say never for any stock. That is my philosophy.

BabsO2:
So buy Ellah greedily now when others are fearful

This could be a huge opportunity for young investors who have some solid patient funds.
Just buy Ellah at its lowest price POSSIBLE (e.g. N0.5 - N1) then wait for the company to turn around in a couple of years.

ayobama1:
This too can be manipulated.

But at least the application and allotment process gives investors equal opportunity to buy the shares at the same price

ogawisdom:
Listing by introduction should be stopped on ngx. It leaves the market vunerable to manipulation and investors paying the price. There must be strict free float, liquidity and disclosure enforcement.

Price appreciation driven by scarcity Na 419

I am hearing that Zichis is on suspension for manipulation

Exactly!

yMcy56:
Boss, I don't think there's anything wrong with listing by introduction .
We've seen quite some stocks listed by introduction that were trading normally...
See LEGENDINT, DANGPOWER, HMCALL, MECURE, etc......they were all listed by introduction....

I think the issue with ZICHIS is not releasing even if it's 5% or 10% to the public when listed....
They could have been doing the release gradually while still aiming to achieve the recapitalisation for the company.

To think of it, ZICHIS is in a good sector and promising; the small OS is equally in ints advantage.
If most of the people here had been able to participate in the rally, we would have been hearing different stories of how SEC was insensitive and all that.....

The bolded are exactly what is wrong with listing by introduction.
Why should they be doing the release ''gradually''? Any scheme that allows the issuer to manage or determine the number of shares available for trade is prone to manipulation and a scam

emmanuelewumi:
Going back to where it belongs.

I hope NGX will now put an end to listing by introduction

Exactly, especially for companies with no track record in the NGX.
I hope Dangote refinery would not be listing by introduction as well.
PO is the best option for a level playing field for all investors

yMcy56:
ZICHIS suspended
Guess it has to do with the hoarding.....
At least if they don't want to sell to public why listing?
They've overdone the hoarding haba!

I said a few days ago. They managed the price to reach that high with very minimal volumes sold daily
Some days only few hundreds of thousands were sold., just to move the price.
If millions were reported as sold, most must have been through cross deals.

Now the regulators must have confirmed these

ProphetUtuocha:
Vision Concerning Ellah

I was lifted in the night, and I beheld Ellah as a tall cedar planted by the waters. Her branches spread wide, and the birds of the air found shade in her leaves. Men looked and said, ‘Behold Ellah, strong and unshakable!’

But suddenly a great wind arose from the east, and the roots of the cedar were revealed. They were shallow, feeding not on rock but on dust. And the tree trembled, and its branches snapped, and the birds fled in terror.

Then I saw merchants in the marketplace. They carried scales in their hands, yet the weights were false. They shouted loudly of profit, but their baskets were empty. A voice cried out: ‘Woe to those who trust in Ellah! For her height is pride and her fruit is vanity.’

And it came to pass that fire struck the cedar, and it fell with a crash heard in the farthest cities. Those who traded in her shade tore their garments and cast dust upon their heads, saying, ‘Alas, who shall restore Ellah?’

But to the humble I heard a whisper: ‘Fear not. Though the cedar has fallen, I will be your shelter. Though the market shakes, my rock shall not be moved.’

Note: that which has been revealed has been unveiled. Those who have ears, let them hear!

Wow. !
Don't let Ellah faithfuls call you a "prophet of doom"' ooo

deathwing:
There will be Dangote Fertilizer IPO too. In total, it’s possible the funds needed to mop everything up go reach $3b or N4t.

Na so e go easy to oversub? That’s a lot of liquidity…and it is not the holy grail of companies.

How sure are you about Dangote fertilizer IPO? Any source?

3

Kushites:

https://www.youtube.com/watch?v=jkagF77xDeg?si=Ejh8L_kCjmc8wm11

She would most likely visit S/Africa or Ghana, Kenya, Uganda or Ethiopia or Tanzania.
Nigeria is not in the top 5 destinations in Africa for Europeans and Americans

unite4real:
Are you aware that the last Nigeria Treasury bills saw a bid of over N4 Trillion for the 364 day tenor alone?

There is a lot of excess fund in the system. I can assure you that dangote refinery IPO might hit massive oversubscription. When I am applying for it, I can only hope to be allotted the minimum required. Any other na jara. I will also expect that my excess fund will be returned.

It would most likely be oversubscribed but some people who buy TBs do so for some reasons (fixed, predictable income for planning) which may be different for shares.
People are investing aggressively in order to beat inflation and regain some value that has been lost to the depreciation of the naira.

emmanuelewumi:
People interest in Dangote Refinery shares will rather keep or save their funds till June.


I foresee a situation whereby people will book profits from NGX in order to participate in Dangote Refinery Initial Public Offer

Yeah. But some companies may want to see what they can get from the public before Dangote comes. But most would try and avoid c June/July or shortly after that time.

KarlTom:

Now that Dangote is the refinery is coming public latest by June/July, I suspect any other company planning to raise funds would do so before or after June/July in order not to clash with the refinery.

megawealth01:
Make we bet am you won't get it today. You for just stay for OANDO... If OANDO start eh? 😲

I am still loaded in Oando ooo.. it is strategic for me. I just want to do small Jijio with Japaul, not a long time buy, otherwise I would rebuy the Oando quantity that I sold.

Meerahbel:
controlling interest (over ~92 %)

But that is the current holding before the public offe. We don't know what percentage he is going to release to the public yet.
He may give 22.5% or more to the public while he keeps like 60-70% to himself

Meerahbel:
The % to the public is very small.

Which percentage to the public are you referring to?

Throughout history, different Arab nations have become great but they get destroyed when they wage war against Israel: Babylon, Amalekites. Syrua, Egypt, Iraq, Iran. If Turkiye joins and they wage war against Israel, they will be defeated

The truth has sent all the liars away from this post.
God bless Israel

alpharoyalty:
Nigeria is gone.
Thanks to the likes of buhari and el rufai and all the Islamic terrorist sympathizers in Nigeria

And Tinubu too. Why did you exclude his name? Nonsense!

PETERiCHY:
If you miss japaulGold

Don't miss heaven

BARGAIN HUNTERS TAKE NOTE!

Don't worry. I go wait for you at the gate of your estate. If you escape, I go catch you for heaven's' gate.. My name is from an Angel!
See your head! Chop alone!

SonofElElyonRet:
I sold Ellah and left 500,000 units still there... I'll hold a smaller stake.. hopefully I can get Japaul to buy with my Ellah proceeds but it seems an uphill task

To get Japaul to buy now is like a camel passing through the eye of a needle.
DEAPCAP is also going to rise again very soon

megawealth01:
ZICHIS...

Ngx is a game

megawealth01:
ZICHIS...

Ngx is a game

Naya261:
I am married with Children, my wife is a registered nurse with about 8yrs working experience.

Please which one would you strongly advice Between Sponsoring my wife's Nursing career to the UK or Enroll for Msc in Construction Project Management in the UK?

My aim for the Msc is as a means to jakpa and reside in the UK to continue working not that I really needed the Msc.

Please i need your candid advice. Thanks.

Sponsor your wife for these reasons:
1. Nursing is a hot cake everywhere in Europe, including UK
2. She is guaranteed a good job after completion.
3. She can get a job in other European countries and relocate, if necessary
4. As a woman and mother, the kids can easily join here n UK when she settles down
5. Women enjoy more favours and preferential treatment in immigration matters than men
6. She can use part of her monthly earnings to support you and the kids until you join her.

Please Note:
You have to start learning how to be humble by force when she gets to UK, working, earning god morning and eventually becomes citizen or permanent resident. Otherwise, women do have a way of easily misbehaving when they become bread winner of the family.

Best of luck

SonofElElyonRet:
I'm talking Japaul

Japaul has been going through the mill for years, trying to restructure and recapitalize, so the price rally is hinged on significant progress and developments.

And some people would be deceiving themselves that there is no religious influence on the war and hatred between Arabs, Muslims and Israel.

chimex38:
Dem say timeline is still on till March 31st..
May not retract for too long if they succeed through other means before Q1.

But it's quite disappointing from them..

They should have combined it like TIP, and other companies..
Hybrid offer.. RI & PO.

I think Ellah should have staggered their capital raise programme i.e. one step at a time e.g. by starting with RI, PP, debt capital, then PO etc.
To go for a full N250bn at once without a strong balance sheet was a bit too ambitious.
For instance, Oando, with all its huge turnover and potentials, is first doing RI for only N220bn, then another N500bn, debt capital etc.

PETERiCHY:
JAPAULGOLD is our RETIREMENT STOCK

BARGAIN HUNTERS TAKE NOTE!

How many times would you go on retirement?
I thought you said that you have gone on retirement already since last year?

KarlTom:
This is incorrect. Average daily units is 7.7m+ (4.9m if we exclude the day of listing)

Out of 25 trading days since listing, ZICHIS has only traded less that 600k units on THREE occasions...

Okay ooo enjoyed your Zichis loot alone.
Tomorrow, you will say we are friends.

lordm:
Israel, please know that turkey is way stronger than Iran. Please thread with caution

Turkey cannot stand Israel.
If they try to fight, they will be defeated

helinues:
Who started the hatred? What's the meaning of conquered the land? Whose lands?

The whole Land of Israel belongs to Israel. Kings like David, Solomon, Hezekiah etc. ruled over all the cities in Judea and Samria (which some now call West Bank) thousands of years ago.
Jerusalem is called the City of David!
Let the Arabs and Palestinians tell us the name of a single Arab king over the land of Judea and Samaria in history

PMForce:
Turkiye has recognised Israel since 1950s, first to do so in the region, they had great relations before 2023, The peace is about "Don't kill the over 7M Palestinians", they're part of the neighbors.

It's only sane to ask Israel to make peace with its neighbors and not bomb them. If you know anything about the region, you'll realise Israel interest is military superiority in the region and not peace and you can see that in Syria and Lebanon.

The Turkish party or faction that established peace with Israel in the 1950s is different from the party in power currently.
It is similar to Iran: the party or faction that ruled Iran up to 1979 was at peace with Israel, until the radical Islamists of Ayatollah took control and vowed to destroy to destroy and eliminate Israel from the surface of the earth.
The current leaders of Turkey have similar dislike for Israel and they are friends with all the attackers of Israel like Hamas, Hezbollah, Houthi Rebels, Iran, Pakistan etc