₦airaland Forum

Agbalowomeri:
So your argument is that the company is not worth $50B conservatively? Even when the production doubles?

Dangote is a highly gentleman
If na me, nothing wey go make me list at less than $100B even with a production capacity of 700,000

I have not seen the prospectus to know exactly what the worth of the company is.
I am just speaking hypothetically about IPO generally and the antecedent of the man at the center of the whole issue.
What we have for now is a 700,000b/d and the valuation should reflect that.
The valuation will definitely not be the same when the production doubles.
This is the time for him to get some benefits for his labour so he is free to price the company as much as he wishes.

Agbalowomeri:
So the 700,000 barrel per day company was constructed with about $20B. Where is the fund for the expansion to 1.4m barrel per day coming from if we all want the company to retain the valuation of $20B?

He is not listing the company at 20b, it is probably going to be listed at 50b.
That singular act is expected to at least double his net worth. That is how the rich get richer.
He doesn't need the money from the masses for expansion, there are other avenues available to him.

Agbalowomeri:
So that means this summary is wrong ba?

Dangote Petroleum Refinery is raising funds primarily to support a massive expansion of its processing capacity from its current 700,000 barrels per day to 1.4 million barrels per day by 2028,

The valuation by the production of 1.4 million barrels per day is supposed to be $50B. That is my own understanding

I don't think that summary is correct.
The money from the IPO is going directly to alhaji and not to the company from my own understanding.
I don't think he is going to list because he wants to expand, he is doing it to improve his own worth.

Agbalowomeri:
What are you saying?

So the recent IPO by banks they did not create ADDITIONAL shares?

Is it not Alhaji that is selling part of his holding in the company to the public?
What additional shares or value are you talking about??

Agbalowomeri:
Are they not raising FRESH capital that will take them to the NEW VALUATION? It's not as if they are just listing shares based on current valuation. It is an IPO

It is called an IPO for a reason, it is probably overpriced.

Ocallen:
Well, that VFD is what I don't understand. I took some time analyzing the stock. Since last year, it has barely moved when all other stocks have moved. The 5-for-1 Bonus Share Offer is a major price markdown for the stock, and ever since, the stock has barely found its footing. Stockpromoter, this might drag you to the gutters if you promote this.

How will the stock move?
When insiders themselves are always selling.

IamR:
Oga megawealth01

https://nairametrics.com/2026/06/01/breaking-supreme-court-sanctions-unity-bank-and-providus-bank-merger/

What has supreme Court got to do with the merger?

ppogba:
And some one who wants to spend just four years thinks that adding 10,000 megawatts will solve all the problems.

I think the country already has the capacity to generate 10,000 megawatts of electricity.
One major problem is transmission and another one is a competitive tarrif .

Streetinvestor2:
We saw how 100 turned 1000 in it

At least we saw 100, are those 100 ghosts when someone said nobody was going to vote for Tinubu.

ayobama1:
Would you be willing to share the minutes of your meeting with "the North"?

May be all those people that queued to vote for Tinubu in an inconsequential primary election all over the country are ghosts.

ogawisdom:
You can't remove Tinubu through our present voting system, it's impossible. You think you are dealing with Jonathan or Obi. Tinubu will kill all of us than to lose 2027 election now join that to Wike another brutal politician advising him.

Votes won't count, a lot of voters will be disenfranchised and massive rigging will happen.

Nigerians adapt too fast that is our greatest problem plus religion that will be giving us false hope that God will punish them for us. Religion has destroyed us, most believe that God will come and save us, that alone makes us accept everything.

Sell fuel 5000 per litre today and you get few weeks rant on social media and everyone moves on. It's unbelievable how people survive.

Just pray that Tinubu doesn't over rate his powers and start thinking of 3rd term.

2027 will be a repeat of 2027, I am only not sure who will be 2nd between Obi and Atiku.

The narrative that tinubu could only win in 2027 is just all sentiment.
Party politics is still very strong in Nigeria, in my state for example you can't even hear people talk about any other party, it is just like everyone you meet has one or two things to do with the party and those are the people that actually vote. APC is set to win convicily from top to bottom here.

nosa2:
I believe VDM is wrong but then again would I believe he is wrong if it was my child that was in the bush?

As for your solution; I don't quite agree. We have free and fair elections in Mexico and yet their cities are more violent than ours. Nigeria has created a monster that I honestly cant proffer a solution for.

We have a very big problem in our hands which I don't think we disappear by just removing the leaders.
We have had 3 presidents since this security issue started and it seems the problem get worse and more complicated with successive leader.

nosa2:
Lets be looking. Please note that my time frame is like 2 years oh.

I think you need to look at the results again.

nosa2:
No it hasn't. One day movement does not define a trend.

PS right now my price Target has dropped to N7

I don't see the price going below N20 with what they have done so far.
The company is doing extremely well in growing their business. The only question for me is if the management could be trusted to deliver in the long run.

Yoursfaithful:
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Live Market Statistics
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Is this a joke or what?

https://nairametrics.com/2026/05/25/nigerian-aviation-handling-company-director-cashes-out-n491-2-million-in-may-share-sale/

Could this be Emma

ositadima1:
I thought you were a TA guy? Why the aggression?

All my oga for TA on this forum have all run away
You can be the new TA champion

ositadima1:
That was not all I said. I said you could have entered at ₦20, and that even ₦30 made your ₦37 argument late compared to TA. Abi, you didn’t see that part?

Let us leave this one.
Which stock are you recommending now using your TA tools.

ositadima1:
What exactly is the meaning of this post and the big mocking banner that follows it? What is the writer trying to imply? I’m not attacking you ooo, I’m just trying to understand the point being made.

You can also do same by telling people to use TA when they want to buy stocks.

nosa2:
The problem with this entire conversation is that there is no right way to do things and it is not a competition. We all have different temperaments and objectives and as such our approach and levels of comfort will be very different.

I don't think anyone has ever said we can only make money with one strategy.
I just feel traders don't like their stock picks to be discussed and analyzed.
If you are an FA person , you will gladly welcome a detailed analysis of the company of your interest.

KarlTom:
JAIZ AFS '25

https://doclib.ngxgroup.com/Financial_NewsDocs/47013_JAIZ_BANK_PLC-_QUARTER_5_-_FINANCIAL_STATEMENT_FOR_2025_FINANCIAL_STATEMENTS_MAY_2026.pdf

This one fit carry the trophy for the most expensive bank on NGX

aj8:
https://doclib.ngxgroup.com/Financial_NewsDocs/38_INSIDER_DEALING-_SMARTCITY1-NGX_APPROVED.pdf






FYI

It is a season of cash out

emmanuelewumi:
Nigerians no get joy sha

Zichis will still rise again.
Don't kill the shellholders with your meme.

emmanuelewumi:
We think some people have over 20 years experience trading or investing on NGX.

But what they have is 6 months experience repeated over 40 times or best case scenario a year experience repeated over 20 times


Some people who joined NGX 4 years ago are better as per financial and investment education compared to some of these so called veterans

Who offended you like this
It is ok nauw.

emmanuelewumi:
PENCOM just gave approval to Pension Fund Managers, that they can invest in the IPO of Dangote Refinery.

Pension Fund Managers should be able to raise N1 Trillion for the offer

This will give the pricing a higher premium.

More than 43b expended on FBN so far.
Ote$ get level

emmanuelewumi:
You remember Afroil.

A company that could not pay the rent at Ajao Estate and got quit notice 5 years earlier, got over 500% in capital during the bull era.

Afroil was in the down stream sector of NGX and was the cheapest in the sector at N1.00, after investors made money from Mobil, AP, Total etc they started using the profit to buy Afroil and the stock was on full bid for weeks.

At the end of the day, the stock crash and the business went into oblivion

There is nothing you will say to people who have experienced only bull market that would make them listen when you advise them against buying junk or overvalued stocks.

GeneralDae:
$50 Billion?? Isn’t that an overvaluation? Anyway, we wait and see.

No be IPO
Overvaluation na normal thing

mikeapollo:
Ikeja Hotel selling at N35 plus for a dividend of 33k? Na wa ooo!

Where did you see a dividend of 33k

Agbalowomeri:
They should just shut down dividend for 5 years and build equity to 4 trillion
Abi my suggestion no good?

lol.
That would have been a good idea if the managers could be trusted

nosa2:
My spreadsheet flagged it as well. Projected ROE is over 147%. I haven't had time to go through the books but the unusually high ROE made me think there is something wrong with the numbers

Look well o.
The bank is doing well no doubt but the eps is annualized and not just for one quarter.