₦airaland Forum

Raider76:
Africa’s biggest IPO draws closer as Dangote Refinery files with SEC

https://businessday.ng/news/article/africas-biggest-ipo-draws-closer-as-dangote-refinery-files-with-sec/

Looks like this IPO is going to happen.

Of course. Dangote does not talk anyhow. He is mindful of integrity.
My concern is the price. I don't think it should Be more than N500, going by the $0.35 price for the PP

N10 interim dividend. To be paid on August 14. Companies are now paying dividends earlier.

KarlTom:
PRESCO H1 '26

https://doclib.ngxgroup.com/Financial_NewsDocs/47601_PRESCO_PLC-_QUARTER_2_-_FINANCIAL_STATEMENT_FOR_2026_FINANCIAL_STATEMENTS_JULY_2026.pdf

Confuse dem

SmartInsure:
A 500% Profit Surge and ₦2 Billion in New Debt: The Full Story Behind Zichis' Shock Results

https://naijaticker.com/news/naijaticker/a-500-profit-surge-and-n2-billion-in-new-debt-the-full-story-behind-zichis-shock-results

Ok oooo

mikeapollo:
Of course. Dangote does not talk anyhow. He is mindful of integrity

🛡️ Insurance continues to lead today's market.

7 of the 10 listed insurers are trading higher, led by NEM (₦34.20, +9.97%), CONHALLPLC (₦8.25, +9.85%), SUNUASSUR (₦3.91, +9.83%), LINKASSURE (₦1.82, +9.64%), and LASACO (₦2.40, +9.09%).

On the other side, GUINEAINS (₦0.83, -9.78%) has reversed sharply after yesterday's rally

PP is usually done at a discount. That is why people hassle to get in then.

mikeapollo:
Of course. Dangote does not talk anyhow. He is mindful of integrity.
My concern is the price. I don't think it should Be more than N500, going by the $0.35 price for the PP

I pray it looks cheap so people call sell off their MTN and HBM and Aradel to me.

mikeapollo:
Of course. Dangote does not talk anyhow. He is mindful of integrity.
My concern is the price. I don't think it should Be more than N500, going by the $0.35 price for the PP

LASACO on full bid?

PRESCO to pay N10 interim dividend, with a qualification date of August 14, 2026. Meanwhile, we don’t know when the FY 2025 final dividend qualification and payment dates will be. Aye ma nika o.

Board meetings today on the Nigerian Stock Market 📋

https://naijaticker.com/calendar

Companies considering/approving Q2 & H1 2026 unaudited financials:
MTNN • DANGCEM • ZENITHBANK (interim dividend) • NESTLE • SEPLAT • BUAFOODS • NAHCO • CUSTODIAN + others

#nigeria #stockmarket #boardmeetings

Haha na true o. Maybe them don forget

presiade:
PRESCO to pay N10 interim dividend, with a qualification date of August 14, 2026. Meanwhile, we don’t know when the FY 2025 final dividend qualification and payment dates will be. Aye ma nika o.

Raider76:
Africa’s biggest IPO draws closer as Dangote Refinery files with SEC

https://businessday.ng/news/article/africas-biggest-ipo-draws-closer-as-dangote-refinery-files-with-sec/

Looks like this IPO is going to happen.

With this news, market will begin to show pepper red now. I pity us for Access, Una Oando😀

Raider76:
PP is usually done at a discount. That is why people hassle to get in then.

I think this particular PP is more like Alhaji allowing his friends to be allotted the full units they want to buy, instead of applying via IPO and not getting full allotment due to oversubscription.
The company had already been fully established, operating; so the PP investors are not taking any special or higher risks than retail investors who will be buying the same shares via IPO just about 3-4 months afterwards.

OANDO still dey this market?

elengine:
With this news, market will begin to show pepper red now. I pity us for Access, Una Oando😀

elengine:
With this news, market will begin to show pepper red now. I pity us for Access, Una Oando😀

Yes, my own thoughts as well, especially when the IPO application opens.

TARGET TECHNICAL ANALYSIS MARKET COMMENT!!
What will the market do today?

Raider76:
Africa’s biggest IPO draws closer as Dangote Refinery files with SEC

https://businessday.ng/news/article/africas-biggest-ipo-draws-closer-as-dangote-refinery-files-with-sec/

Looks like this IPO is going to happen.

I just hope Nigerian local investors are not short-changed by this idea of opening the IPO to other African countries and foreigners

Abi money no dey for ground to pay. Lol

deathwing:
Haha na true o. Maybe them don forget

They were not allowed full units in the PP. It was 3.7x oversubbed but nobody got more than the initial cap. It's a lot of money, and there were fears that the thing would flop hence the need to rope in other exchanges. I believe he is also prioritising retail in the IPO (don't quote me on that she) so those institutions may not have access during IPO

mikeapollo:
I think this particular PP is more like Alhaji allowing his friends to be allotted the full units they want to buy, instead of applying via IPO and not getting full allotment due to oversubscription.
The company had already been fully established, operating; so the PP investors are not taking any special or higher risks than retail investors who will be buying the same shares via IPO just about 3-4 months afterwards.

AVA Capital Plc, an integrated financial services group with operations in investment banking, asset management, securities trading and trusteeship, is set to list on the Nigerian Exchange Limited (NGX) by way of Listing by Introduction on Friday.

@Megawealth01
Others too welcome to dissect

Raider76:
Africa’s biggest IPO draws closer as Dangote Refinery files with SEC

https://businessday.ng/news/article/africas-biggest-ipo-draws-closer-as-dangote-refinery-files-with-sec/

Looks like this IPO is going to happen.

The market will soon enter the red region. People will start selling to set aside funds for the ipo

deathwing:
They were not allowed full units in the PP. It was 3.7x oversubbed but nobody got more than the initial cap. It's a lot of money, and there were fears that the thing would flop hence the need to rope in other exchanges. I believe he is also prioritising retail in the IPO (don't quote me on that she) so those institutions may not have access during IPO

Okay

presiade:
PRESCO to pay N10 interim dividend, with a qualification date of August 14, 2026. Meanwhile, we don’t know when the FY 2025 final dividend qualification and payment dates will be. Aye ma nika o.

Dividend N14.66
QD : 7th August
PD: To be advised

PRESCO FY 2025
https://doclib.ngxgroup.com/Financial_NewsDocs/47602_PRESCO_PLC-CORPORATE_ACTION_FY2025__CORPORATE_ACTIONS_JULY_2026.pdf


There is a pending litigation delaying their AGM
https://doclib.ngxgroup.com/Financial_NewsDocs/47604_PRESCO_PLC-PENDING_LITIGATION_UPDATE_AND_AGM_DELAY_NOTIFICATION_CORPORATE_ACTIONS_JULY_2026.pdf

KarlTom:
PRESCO H1 '26

https://doclib.ngxgroup.com/Financial_NewsDocs/47601_PRESCO_PLC-_QUARTER_2_-_FINANCIAL_STATEMENT_FOR_2026_FINANCIAL_STATEMENTS_JULY_2026.pdf

Why did tax expense jump to such level against H1 2025

Okay, cool. Thank you for the information.

sterlingD:
Dividend N14.66
QD : 7th August
PD: To be advised

PRESCO FY 2025
https://doclib.ngxgroup.com/Financial_NewsDocs/47602_PRESCO_PLC-CORPORATE_ACTION_FY2025__CORPORATE_ACTIONS_JULY_2026.pdf


There is a pending litigation delaying their AGM
https://doclib.ngxgroup.com/Financial_NewsDocs/47604_PRESCO_PLC-PENDING_LITIGATION_UPDATE_AND_AGM_DELAY_NOTIFICATION_CORPORATE_ACTIONS_JULY_2026.pdf

SmartInsure:
Board meetings today on the Nigerian Stock Market 📋

https://naijaticker.com/calendar

Companies considering/approving Q2 & H1 2026 unaudited financials:
MTNN • DANGCEM • ZENITHBANK (interim dividend) • NESTLE • SEPLAT • BUAFOODS • NAHCO • CUSTODIAN + others

#nigeria #stockmarket #boardmeetings

You are doing well with this your BM notifications.

Kudos to you my brother.

LASACO FB na Miracle....@Mega pray we come out of this successfully. Na your lead I take follow enter the trap.

VFD is cooking what's the news

Mpeace:
The market will soon enter the red region. People will start selling to set aside funds for the ipo

So people will sell thr holdings in good companies because they want to buy refinery ipo
Will u be doing that .Pls u guys should help for another red so I can complete my buy for this yr on HBMNG. I will really appreciate it
Thr is a reason it is called IPO by one of my oga here..lol

kintus:
LASACO FB na Miracle....@Mega pray we come out of this successfully. Na your lead I take follow enter the trap.

Lead trap?
''E ti le po''
You are stuck together in there

Streetinvestor2:
So people will sell thr holdings in good companies because they want to buy refinery ipo
Will u be doing that .Pls u guys should help for another red so I can complete my buy for this yr on HBMNG. I will really appreciate it
Thr is a reason it is called IPO by one of my oga here..lol

Hmmm if you know the way people are looking at that IPO. You won't doubt it. I personally may not buy but people will sell their best stocks for it.

elengine:
Hmmm if you know the way people are looking at that IPO. You won't doubt it. I personally may not buy but people will sell their best stocks for it.

Amen o. May they sell their best stocks asap.