₦airaland Forum

Pls all these seplat bids should withdraw and come bak tomorrow lets do another 10. Abeg

yMcy56:
SEPLAT
Moved with +10% !
Up with N451.30!!
Price now @N4,964.30!!!

All those chopping SEPLAT loot, be preparing to do Christmas giveaway this year.....😁

The masquerade must be doing press up for now. 😁

Chai Seplat. The best.
Dang ssugar ?


Gtco: By end of q3, eps go overtake shareprice.

unite4real:
In a sane clime, Zenith Bank stocks price is supposed to take a hit after having 4 days of downtime and trapped funds.

In another saner clime, Zenith has nno business being below 100naira per share.

Willie2015:
Seplat moved to N4500...

Its like some big ogas are loading. 500k units already.

megawealth01:
ACCESS don enter PENSIONS

The hustle is real even for ACCESS doorside

Access has been there naa. For some time now.

Willie2015:
UCAP Research raised TP to N5000 plus

I think it shoud worth way above that tp.

The ANOH gas project and this deal are very very significant investments.

Sunrisepebble:
“Seplat Mobil deal to be approved in days” - President Tinubu. https://www.bloomberg.com/news/articles/2024-10-01/nigeria-set-to-approve-exxon-sale-of-oil-gas-assets-to-seplat?cmpid%3D=socialflow-twitter-africa&utm_medium=social&utm_content=africa&utm_campaign=socialflow-organic&utm_source=twitter

I pray I can get some more units tomorrow. For this deal to enter national broadcast it must be really big and significant to the country

naturalflow:
The management of flourmills are a bunch of confused people.delist and go na,why are they raising funds from shareholders again?

The money should be used for the delisting, to pay off shareholders

megawealth01:
Tony is definitely upto something believe me

Seems he dey target that Forbes list wella

If tony list thathis Hier holdings, nothing will stop him from forbes list.

9free:
FBNH, GTCO, ZENITH and ACCESS left the group chat.

We watch how the market reacts. The result is not as good as last year. Lower PAT and lower eps compared to last year.
This is a "rights issue" influenced interim dividend.

I will still take GTCO and Zenith over UBA.

megawealth01:
Na $100m

Na part of the distraction. What if court indicts Lagos Government?

Nothing like indictment here. Its a simple application anchored on the freedom of information Laws.
They need details of the said $100 million paid to the lagos state government for the land. Dangote is not a party to the suit.

Mind you the law allows state governments to acquire individual lands for public purposes subject to certain conditions.

They might not also be legally able to pursur dang refinery on the issue of land because of certain limitation laws.

SonofElElyonRet:
Still showing your lack of comprehension skills. So your retarded brain can't process the part where i said i blame myself for falling for his trick? You trying so hard to exonerate him when it's clear he deliberately wanted to cause panic selling shows you are no different. It's not a case of honestly being wrong but deliberately trying to crash the price by triggering panic selling so he could load up. If your speck of a brain can't process that then that's too bad. On the other hand if you do understand this and still insist on supporting him then you are simply disgusting. I have no further words to exchange with your type. Since that episode I've bought far more shares in both Japaul and Ellah and will still buy when i see opportunities. For stocks with growth potentials, I've learned not to sell all my holdings when there's price retracement, if at all i choose to sell. Street needed to be called out and I've done so. Those who have a brain and conscience will understand

Pls its ok. Just let it go. I remember pointing out earlier how he made people sell by his "oando don cast" anthem and immediately changed to a new anthem the moment he got some units of the share, claiming he spoke to someone who gave him some info on Oando's future.
The day I pointed this out, he attacked me with all sorts of insult. I just ignored him and he slept off.
I advise you also ignore him and move on.

It didn't pain me cos i had no oando (na seplat team I follow) but all the same, I advise you ignore him. Not everyone you see here are normal. Everyone has his purpose of being here. Just focus in yours. Pls.

Flour mils, of you sure its 70 they will pay finally, is it not better you sell now at 62 and enter another train? If they take their 10% wht na 63 remain oh. Time na money.

So flour mills shareholders no want fight back. They shouldx have pushedx the price further up and fight for higher settlement.

ogoo4real:
@yMcy56 welldone to the big guys. Seplat officially moved @4103.10

Na one step a month we dey do here. Na wa oh. NSE plscome to our rescue. We need rules change. Make 10k units lead to price change abeg.

vacanci:
was the 10% WHT deducted from the capital gain alone or from the entire value?

They took 10% of the entire money they paid to me. I no too know for others.

awesomeJ:
Can someone else please help confirm if WHT will indeed be applied on this N70?


While 27% upside (at N70) may still be manageable.
14% (at N63) becomes too ridiculous.

When gsk paid us for their divestment, them cut our 10% without any apology.

chimex38:
@Sunrisepebble was right and spot on.. and we sincerely thank him/her for the insider insights.

Read line 3 of the Court Ordered Meeting below..
₦70 buyout price

seen. Thats just too poor.

yMcy56:
It's N70
Its there in the scheme of arrangement document

https://doclib.ngxgroup.com/Financial_NewsDocs/FMN_-_PRESS_RELEASE_ON_SCHEME_OF_ARRANGEMENT.pdf


Meanwhile, I think anyone with Honeywell should still hold....
FLOURMILL has around 76.75% in Honeywell
We see how the new owner eventually handles Honeywell situation....
Possibly a share for share conversion ratio.
This is just my opinion.

70 naira is too poor. And they will still deduct 10% withholding tax. Na wa oh

chimex38:
After staying Static last year's between at 30-35 during the Great Bull run of 2023.

Now Managing just only 60-70% wrt inflation and buyout info, suddenly wants to delist at ₦70..

Flourmill has been grossly undervalued in the stock market cuz of their low dividend payout rate.

Now na to disappear at 70?..
They are bigger than this, even with the OS

Verdict: Unfair

Have they disclosed the amount to be paid to each shareholder? I don't think the scheme document has been sent. The might pay higher than 70

Lol. Yeye people

designking:
Sentiment favors a NASCON rally this week due to the Dangote refinery success. NASCON is Dangote third most important company after Dangote Cement.

Dangote intend merging the Dangote Sugar and Dangote Rice with NASCON though the mergers failed.

NASCON will rally at least 25% this week due to positive market sentiments and expectations for the Dangote Group.

According to dangote, there is nothing in the salt business. The man no too regard NASCON. Its one of his smallest business

I heard Dangrefinery sold way cheaper than the sum NNPCL is quoting to Nigerians.
Anything to continue importation

megawealth01:
NNPCL confirms buying 16.8 million litres of petrol from Dangote at N898 per litre

https://nairametrics.com/2024/09/15/nnpcl-confirms-buying-16-8-million-litres-of-petrol-from-dangote-at-n898-per-litre

The relationship btw Dangote and NNPC dob spoil finish.
https://www.nairaland.com/8214188/dont-mislead-nigerians-dangote-denies

mikeapollo:
Wow. Thanks for the info.
Man must find some money and keep. Dangote Refinery will be loud on NGX!

Loud like transpower.
Friends and associates go first take, then brokers, before we go see units buy. Na when the price done settle we go fit buy units from the floor of the exchange, except if they do publix offer.

Agbalowomeri:
Don't be surprised if the government refineries suddenly start functioning and producing PMS. It's all good sha

That one no fit happen. Do you know how much these people make from "turn around maintenance"(TAM)?

E no go work. Them fit ask dangrefinery to allow them do TAM for the new refinery sef.

lasisi:
Now that it is now in the open that NNPC will be the sole distributor for Dangote Refinery. What will be the faith of those currently locked-in on ETERNA?

I doubt if anything changes. NNPCL will still supply to them and all other marketers. With dangrefinery they are sure of more regular supply ie of NNPCL no mess things up

Picky1:
Stock split will be a good idea!
What do you think?

I pray they do. In the absence of a change in the rules, It will help in further price appreciation.

KarlTom:
If only ARADEL et al were already listed on NGX, this news would have given it at least 5 days of solid bull

https://businessday.ng/energy/article/shells-1-3bn-assets-sale-to-renaissance-gets-regulatory-nod/

5days solid bull without price increase. Seplat has been on 3weeks solid bull without appreciating in price.
At 10k plus, it would be difficult to get the needed single trade volume of 100k units. That is 1billion naira single trade.

mikeapollo:
Oando is already targeting 100,000 barrels per day by 2025 (going by interviews by senior officers and releases)
Their current production is around 40,000 barrels per day

The factoring of the ExxonMobil deal into Seplat's current price may be deceptive. The price will surely rise when the deal is complete and announced officially.
Oando is a good reminder, the price rose sharply after the official announcement of the completion of the ENI deal

Remove your eyes fron target, focus more on actual. If I post seplat target here, e go shock you.

zendi:
The Minister is the nation's chief due diligence officer on petroleum with all the official inside info as to crude oil reserves and where they're located. He wouldn't be charging Oando to strive towards 100,000 bpd if he didn't know that they're sitting on the assets to do it simply by ramping up operations.
But even Seplat itself wants to rise higher in price but for the constraints of market rule.

Forget about that minister. See what he said about seplat deal. Target of 600,000 bbls per day

zendi:
Oando's equalizing price with Seplat is around #200.
So still severely undervalued.

Seplat pumped an average 48,000 bbl per day in 2023. And should increase by completion of ExxonMobil purchase.
I don't think oando pumps that much.
Mind you ExxonMobil deal and Anor (transformational) has project have been factored into seplat current price