₦airaland Forum

Mpeace:
I pray Elumelu considers taking more shares like 70-85% stake in his listed companies. It will help him(and help us too)

RodgersAkpafu:
When I see some of your posts, sometimes I just chuckle

The real question is..
Why would Alhaji NOT list his refinery company,

Listing gives more credibility and access to a company. makes valuation somewhat easier, and transparency much better

And as someone have mentioned, he needs the working capital, and equity long term in his case will pay him, because of no debt obligation tied to it
You can list, raise money , do your thing and then go back private (the Dell computers playbook)

But at this point , the upside exceed the downside for listing
If Musk and Bezos and Zuckerberg had this mindset.aint no way they will be as rich as they are today

BabsO2:
I think he will take more of UBA (and help us too by creating new higher price support for UBA). Doing rights at a low price would have resulted in a lower price support for UBA.

Payunsin:
Who dey sell livestock,?
Any problems oooo
Or Na opportunity

toyeoye:
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megawealth01:
You are doing well

toyeoye:
Thanks boss! Working on the feedback received.
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robobo:
u sabi, plus another advantage is it help prevent the Ote$ effect/threat (hostile takeover)

this is an example of situation where our (retail investor/minority) interest (better pricing) aligns with that of mover/shakers.

BabsO2:
After the RI and records are updated it will be clear if Tony took more UBA. This may only be know after about 6 months.

Buying the RI at a price higher than what the retail market offers injects money into UBA for the benefit of all shareholders. This is unlike a major shareholder buying up shares in the market to raise prices by injecting money into the hands of traders without long term benefits in terms of enlarged shareholder funds. I like this approach by Tony. This makes me give UBA a long term value (treasure) stock rating. This rating means those currently holding UBA should not sell it, but rather look for other shares to sell should they need urgent 2k.

BabsO2:
After the RI and records are updated it will be clear if Tony took more UBA. This may only be know after about 6 months.

Buying the RI at a price higher than what the retail market offers injects money into UBA for the benefit of all shareholders. This is unlike a major shareholder buying up shares in the market to raise prices by injecting money into the hands of traders without long term benefits in terms of enlarged shareholder funds. I like this approach by Tony. This makes me give UBA a long term value (treasure) stock rating. This rating means those currently holding UBA should not sell it, but rather look for other shares to sell should they need urgent 2k.

Streetinvestor2:
I don't see alhaji listing that refinery any time soon ...

Payunsin:
Keep eye on Oando

Streetinvestor2:
The guys in palm oil business na kill by yr end oh.I bought 1.5 litters of palm oil at #4500 yesterday for the quantity needed.The thing shock me though the vendor says it is of very high quality and not mixed

Streetinvestor2:
You said your opinion and did not choke. Thr are bid businesses in nigeria before the refinery that have refused to list.You did not say way nnpc is not seeing all you mentioned. The last time I checked even mtn,glo was arm twisted to list.All I know alhaji has crossed the biggest hurdle which was capital to build the refinery. Working capital will be easy to raise via other means.All that he needed capital at this stage was emotional war as per what government was trying to do.The people who needed his products can easily pay up front and he can equally get crude on future payment deal.wapco and fmn that want to delist want to keep everything to themselves. I don't see alhaji listing that refinery any time soon ...my opinion .why is Dangote limited the parent body to all alhaji businesses not listed yet

GeeKudi:
Come be like say our Prophet has abandoned us

Withal art thou Oh Prophet?

megawealth01:
Do you have a price projection in the long term for uba?

KarlTom:
Last time I checked, they intend to list by Q1 2025...

Payunsin:
Keep eye on Oando

SAK:
Any signal/news?

BabsO2:
That is in the hand of Mr Market who can even decide to bring the price further down instead of up. I can only guess dividends should be about N4 yearly going forward or at worst should not be less than N3. I can also roughly bet EPS going forward should not fall below N12 even with the expanded number of shares.

SAK:
He is waiting for the signal! Prophet,prophet say something.

BabsO2:
Okomu retails it palmoil in supermarkets. Very lovely palmoil. The last I bought this year was about N11k for 4 litre bottle