₦airaland Forum

ppogba:
I always maintain that any semblance of sanity in the Nigerian economy will only begin with serious cleansing in the banking sector and the CBN itself. That the setting was rotten even from the head (CBN ) before now may be debatable but not in doubt. At least we have a Governor with IZAL and scrubbing brush for now.

megawealth01:
I'm just looking at CBN as they are doing oju aye

GeneralDae:
The current market under Tinubu beats the naira devaluation from anytime in Buhari’s era no matter how you look at it. If you bought shares in 2016, you have made gains now in dollars for most stocks.

Agbalowomeri:
You want to short at this very strong support? You go reach village before Loco

ppogba:
If the Oju aye brings sanity, sanitizer and sanitization, it would not be an effort in vain.

isaacosas01:
The PO will fail

jckgroup1:
Are you sure? One investor was promoting the PO as the next TIP, with the sentiment of huge discount to market price

isaacosas01:
Lol - next TIP with their balance sheet.
TIP is doing well because of its very good financials, it has recorded over 200% growth.

IEI balance sheet is beyond horrible. They are declining and getting worst like a cancer.
IEI is loss making and their Q1 shows even more losses.
It’s better u set ur money on fire than invest their PO.
IEI book value is less than 50kobo… imagine paying 3.2 naira for loss making company with less than 50kobo book value.

ppogba:
Oga, maybe you need to enlighten me. I am yet to get the logic in bringing the issue of the Naira to the Dollar rate eons ago when people are talking about prices of Shares.

Sunrisepebble:
Dangote refinery
$0.35 per share in the private placement

Sunrisepebble:
Dangote refinery
$0.35 per share in the private placement

handsomebolanle:
Thanks… that’s circa 490.

isaacosas01:
Wow! Except this is locked for atleast 1 year, i won’t be participating in the IPO.

Sunrisepebble:
Dangote refinery
$0.35 per share in the private placement

Shalom428:
Thanks bro for passing the sweet whisper. Potential IPO investors can now use this as a guide. Its now easy to tell if the IPO price is super inflated or reasonable.

Sunrisepebble:
I think IPO will be $50bn

Sunrisepebble:
Dangote refinery
$0.35 per share in the private placement

Sunrisepebble:
Yes. There is a holding period of 1 year.
Valuation $39.1bn

Sunrisepebble:
I think IPO will be $50bn

Sunrisepebble:
I think IPO will be $50bn

Shalom428:
Thanks bro for passing the sweet whisper. Potential IPO investors can now use this as a guide. Its now easy to tell if the IPO price is super inflated or reasonable.

Sunrisepebble:
Yes. There is a holding period of 1 year.
Valuation $39.1bn

Laolballs:
Have someone checked out mtn stocks latetly , any thoughts on it neartime price

https://ngxmarketcap.com/stocks/MTNN

GeneralDae:
$39.1 Billion is reasonable given the fact that they are expanding

isaacosas01:
This is exactly my problem. Why are they pricing expansion that has not happen into its valuation?

If you now add that Nigeria is still a frontier market that should discount it by 30%

GeneralDae:
$39.1 Billion is reasonable given the fact that they are expanding

isaacosas01:
This is exactly my problem. Why are they pricing expansion that has not happen into its valuation?

If you now add that Nigeria is still a frontier market that should discount it by 30%

Sunrisepebble:
But should one be paying for perfect execution ahead of time?

By the way I don’t agree with one of my mentions here that the refinery is overvalued. DR is the most modern and efficient refinery in the world, average age of European refineries are 70+. It’s also not just a local supplier, but a continental one which adds to the premium. I wish I could share financials but from going to the site myself I’ve heard that they’re making something like $1bn in EBITDA every month since the start of the Middle East crisis. Their margins are also far healthier than any refinery out there

I will be participating in the private placement.