₦airaland Forum

GeneralDae:
You think Nigerian retail investors alone can take up the $5 Billion (currently almost 7 trillion naira) in a short time?

Institutional investors e.g. pension fund custodians, cooperatives etc can virtually take up everything especially niow that PENCOM has given them a waiver to allow them invest as much as posdible in the IPO.
It could even be oversubscribed.
Only that the devaluation of the naira will now give advantage to foreign investors over Nigerians

Diing

mikeapollo:
Institutional investors e.g. pension fund custodians, cooperatives etc can virtually take up everything especially niow that PENCOM has given them a waiver to allow them invest as much as posdible in the IPO.
It could even be oversubscribed.
Only that the devaluation of the naira will now give advantage to foreign investors over Nigerians

You are right. But on the bright side, this also opens up the stock market to foreign retail investors who would now buy more naira in their numbers because they know they would collect dividends in dollars afterall.

No such thing as 'as much as possible' where Pension finds are concerned. There is a max they can invest in equities (25% or so), and no matter the IPO, it would be stupid for a fund manager to dump ALL their allocation into it.

mikeapollo:
Institutional investors e.g. pension fund custodians, cooperatives etc can virtually take up everything especially niow that PENCOM has given them a waiver to allow them invest as much as posdible in the IPO.
It could even be oversubscribed.
Only that the devaluation of the naira will now give advantage to foreign investors over Nigerians

Will too much supply allow Japaulgold to really rise in price? One person want to sell over 13 million shares at the same time this early haba! Team Japaulgold tight fist ✊ gather here. We no go gree, this ministry must move

Valthegreat:
Will too much supply allow Japaulgold to really rise in price? One person want to sell over 13 million shares at the same time this early haba! Team Japaulgold tight fist ✊ gather here. We no go gree, this ministry must move

Friday is finally here

deathwing:
No such thing as 'as much as possible' where Pension finds are concerned. There is a max they can invest in equities (25% or so), and no matter the IPO, it would be stupid for a fund manager to dump ALL their allocation into it.

Did you read the release by PENCOM on the waiver granted to pension fund custodians wrt to the IPO? The "as much as possible" is within the context of what the new waiver permits them.

megawealth01:

Friday is finally here

I didn't know that you people agreed to liquidate everything on Friday o!

Streetinvestor2:
Chike is that u...no just think of that shit

Wot is chike? Bro am from london & we dont have dose kinda names here sir innnnit!(no oofense)

Bear markets are uninteresting

Valthegreat:
I didn't know that you people agreed to liquidate everything on Friday o!

Never worry yourself.
Those selling are only joking.
Trade set up shows a new breakout is possible in the last days of this month.

We are watching the sellers vs the market now.

The game is the broken news

Very uninteresting 😞

Hadebiimiipee:
Oga Megawealth, can you be gracious enough to recommend books, videos or even any training to better understand the stock market like you? I would really appreciate it.

helo. I write book & i can teach u how to write book.please ignore book, educations will not get u anywere.wot u need is mouney.please are u intaressted in housegirl work for a billionair where u will earn a coool N26,000 naira (cash) & u will provided housegirl uniform..cap included.u will all so have a shance to travel to london to do a more respectable house girl job...u want??

G

MrCork:
helo. I write book & i can teach u how to write book.please ignore book, educations will not get u anywere.wot u need is mouney.please are u intaressted in housegirl work for a billionair where u will earn a coool N26,000 naira (cash) & u will provided housegirl uniform..cap included.u will all so have a shance to travel to london to do a more respectable house girl job...u want??

Do you mean #26,000 or $26,000 !?

Valthegreat:
Will too much supply allow Japaulgold to really rise in price? One person want to sell over 13 million shares at the same time this early haba! Team Japaulgold tight fist ✊ gather here. We no go gree, this ministry must move

We just need reliable update on the production status

faoogoke:
Private placement for the Refinery is not as we know it. It is private persons indicating and asking to be part of the IPO.
They are asking for a slice of the IPO before commencement.
They are buying at the same price of the IPO.

mikeapollo:
I doubt if the private placement would be at a discount to the IPO price. The reason is there is already huge awareness and interest by the public, so once the PP is placed with the few high networth investors, idustry watchers and market players would get to know the price and it would be difficult for Alhaji to later offer same shares to the general public at higher price for the IPO, unlike what usually happens under normal PP.

So you think an Invitation-Only Private Placement that an investor can't buy less than 50M - 100M units, will sell at the same price with those their minimum share order will be 500units or 1000 units? Do you really understand what a Private Placement is? Even in the open food market, when you want to buy 1 paint of Tomato, you talk to the tomato seller. But when you want to buy a trailer load of tomato, the person you talk to and the price will be different.

Private Placement Investors will have a round-table meeting with Refinery Management and see the Financial Statement. For IPO buyers, consult your Stockbroker.

Abi na. Today is Friday and thinks dey be already

ojeysky:
We just need reliable update on the production status

Asangbekoko:
G
Do you mean #26,000 or $26,000 !?

It is clearly stated,
"a cool 26,000 naira" house girl salary,
plus tutorial on how to write book,
when he cannot write a post,
then, ignore book & education.

Mr Cork no go kee pesin.

megawealth01:
Abi na. Today is Friday and thinks dey be already

My target for news update will be latest week in June

Asangbekoko:
G
Do you mean #26,000 or $26,000 !?

N26,000 naira plus free breakfast free lunch. You will also hav a shance to sleep in the boys quatas after 3 month if u proof to be a goood house girls. This is a big opotunity for u to move up in like & it great shance. You want??

222Martins:
So you think an Invitation-Only Private Placement that an investor can't buy less than 50M - 100M units, will sell at the same price with those their minimum share order will be 500units or 1000 units? Do you really understand what a Private Placement is? Even in the open food market, when you want to buy 1 paint of Tomato, you talk to the tomato seller. But when you want to buy a trailer load of tomato, the person you talk to and the price will be different.

Private Placement Investors will have a round-table meeting with Refinery Management and see the Financial Statement. For IPO buyers, consult your Stockbroker.

What you have in mind is the typical,normal private placenent which is usually done quietly until after it is concluded and is mostly for raising capital at higher prices after the shares are listed. But this time Alhaji has indicated that he wants to give ordinary Nigerians to own part of the refinery, so it would be curious to sell the share to Otedollar or Elumelu at N500 and sell it you and I at N700. The motive is different from the normal PP that we all know. I think he is only giving them PP so that their application units can be allotted in full instead of them going through the IPO and getting only part allotment and cash refunds.

Can someone convince me not to sell my Accesscorp?

MrCork:
N26,000 naira plus free breakfast free lunch. You will also hav a shance to sleep in the boys quatas after 3 month if u proof to be a goood house girls. This is a big opotunity for u to move up in like & it great shance. You want??

Like this one don miss road oo..are you sure you're in the right platform..cos wetin be this fgs

ojeysky:
My target for news update will be latest week in June

Supply has significantly dried up, I think only one seller has up to 1m offer on the table currently. So we are still on track to move this ministry forward.

I am sure you dont understand my statement.
I am suggesting the Private placements could be interest shown my certain person due to their closness to Dangote or otherwise.
There was never a mention of private placement as we know it. If its private placement then the next step would be to list and no IPO.
You expect all these to happen before now and September?
Persons are only taking position for the IPO. Dangote is not doing private placement as we know it.

222Martins:
So you think an Invitation-Only Private Placement that an investor can't buy less than 50M - 100M units, will sell at the same price with those their minimum share order will be 500units or 1000 units? Do you really understand what a Private Placement is? Even in the open food market, when you want to buy 1 paint of Tomato, you talk to the tomato seller. But when you want to buy a trailer load of tomato, the person you talk to and the price will be different.

Private Placement Investors will have a round-table meeting with Refinery Management and see the Financial Statement. For IPO buyers, consult your Stockbroker.

Stockpromoter:
Never worry yourself.
Those selling are only joking.
Trade set up shows a new breakout is possible in the last days of this month.

We are watching the sellers vs the market now.

The game is the broken news

Sir, Can we connect, looking to learn the ropes

222Martins:
My Take on the Anticipated Refinery IPO. If you are not invited to the Private Placement or you are unable to afford it, kindly stay away from the IPO and here are my reasons.

1. The people/companies buying the private placement will get it at a huge discount. They will take out millions and billions of $$$ loans at cheap rates to buy the private placement.

2. The private Placement holders will not buy blindly, they will be shown the books and workings of the business in live tours and in a PP Prospectus; so they will surely be buying at fair value with adequate knowledge of the numbers.

3. After the Private Placement, the IPO will hold at a premium price. This is where the poor and middle class go to submit their hard-earned money.

Just as a certain "OF" is already trumpeting that he will be investing $100M in the refinery, all the big names that matter locally and internationally, both individuals and corporate will queue up for photoshoot during the IPO launch and many will rush in but beware, none of them will be buying the IPO with you as they have already bought the private placement at a cheaper price.

PFAs will rush the IPOs and trumpet it because their Board members will be part of the Private Placement using corporate shields or SPVs and secondly, the pension fund they are administrating is not really their money, so who cares.

4. Immediate after the IPO is closed, the Private Placement shares will be listed on the NGX at the same price the IPO was sold and there will be a scramble; but due to scarcity, the price will be driven high above the Listing Price, yet people will not see it to buy.

5. Those Private Placement Investors that took loans to buy the PP Offer will sell/release their shares at a very high price. They will repay back the loan they took plus interest. They will now be left with FREE Refinery shares that cost them zero Naira/$$$. The investors among them can afford to sit and wait for years since the shares now cost nothing; while the traders among them will book profit and wait for the price fall to re-buy again.

6. After the above has happened, the IPO shares will be listed and the same poor and middle class will start struggling to book profit at the high price they are seeing but alas, it is going to be on full-offer and down the hill it goes from there. Imagine competing with the uninformed public who simply bought because of the hype and bragging rights of "I own Refinery Shares."

7. When the price is thoroughly beaten down, the patient-investors who stayed away from the IPO and those private placement traders who sold their free shares will mop up at bargain price because when it comes to business and investing, history does repeat itself.

As a final note, when the poor and middle class wants to buy a car, they seek advice from public opinions and car sales people. But when the rich wants to buy a car, they consult their rich friends, lawyers, financial advisers and bankers. The same principle applies to stocks. Just as cars are sold by car salesmen, that is how stocks are sold by stockbrokers; so use your tongue to count your teeth.

Disclaimer: The scenario i painted above is just an illustration and figment of my own imagination. Please do not take it as financial advice. You are responsible for how you interpret the fictional story above.

Sir, Can we connect, looking to learn the ropes

Look well

Valthegreat:
Supply has significantly dried up, I think only one seller has up to 1m offer on the table currently. So we are still on track to move this ministry forward.

LASACO...

Let the crazy bull build up... Hopefully you will spike the fire of the rally on that sector

https://open.spotify.com/episode/7DdYY8WC6ehO3Reg2yidyr

Ngx Midday Update

Valthegreat:
Supply has significantly dried up, I think only one seller has up to 1m offer on the table currently. So we are still on track to move this ministry forward.

There will always be intra day dip down to 3.85 and close near day's resistance.This is okay for those topping up.
When the corporate disclosure finally lands,na daily 10 10 10%.

Whales no dey control any stock with significant turnaround.My TA no dey deceive me especially for Japaulgold

Oando is ready to scale; look at their bid depth.