₦airaland Forum

Streetinvestor2:
I am definitely sure I will see it at #400 after listing. So your 375 is not too low. That is my discount from PP.

aj8:
I'm not sure if anyone has noticed, but the fact that the Dangote refinery is requiring a minimum purchase of 10 units and it's Par value of 0.000013USD, is a pointer to a future consolidation of 10 for 1 reverse split, likely before they list on the US market in a few years. 10 units will then become 1 unit. That would pair them up well with/against Seplat for easier price determination/ appreciation/comparison.

aj8:
I'm not sure if anyone has noticed, but the fact that the Dangote refinery is requiring a minimum purchase of 10 units and it's Par value of 0.000013USD, is a pointer to a future consolidation of 10 for 1 reverse split, likely before they list on the US market in a few years. 10 units will then become 1 unit. That would pair them up well with/against Seplat for easier price determination/ appreciation/comparison.

yMcy56:
Awesome posted it above your post

https://mwangocapital.com/wp-content/uploads/2026/09/Dangote-Refinery-Prospectus.pdf

ghm:
Speculation promaxx.

francesfrances:
Almost always, overhyped IPO or IPO generally do pop (appreciate) at listing, but liquidity sweep (grabs) and exit liquidity are also real. Please, for now, do not invest your emergency funds, savings or an amount you can't afford to lose in any IPO or overhyped IPO at listing.

As way back as 100 years ago, oil producing countries operate their own refineries. That Nigeria doesn't have an operational refinery doesn't make a 2026 private refinery a revolutionary concept

May God continue to help us. Amen

mikeapollo:
You may be right.
But it would be wrong pr misleading for them to see Seplat as their rival, competitor, industry benchmark etc.
The refinery sells refined products and operates in the midstream/downstream sector supplying to retail local and foreign customers.
Seplat drills, sells crude, and operates in the upstream, supplying to only foreign customers (refineries etc)

Ocallen:
Seconded

aj8:
Yes, you are right, BUT, the comparison is not really in terms of operations but that of yield, dividends, price to price shoulder to shoulder, value to value. It's in giants to show strength.

yMcy56:
Oh, ok...
I think say you too wan become Refinery shareholder 😊
I read somewhere here that they even made loss last year, how are we sure the profit posted this year wasn't padded?

Besides, the Hype is too much for the Refinery..
When hype is much like this, better to step aside...
One can always buy on the secondary floor after listing and more results are released.

One close relative don call me today say it's necessary to participate in the Refinery, say Dem must buy...... I said it's ok, I no fit shalaye...😊

chimex38:
Hmm...another angle.
This pointer almost certainly guarantees 100% oversubscription.
"almost".

essentialone1:
Which day will the stock market swing back to a Bull Run?

iskalamong:
This is the first time I am observing that you are not bullish on a stock.

I used to assume you're the direct opposite of Agba.

londonerr:
According to the Dangote Petroleum Refinery IPO prospectus:

1. Minimum Holding Periods
First Bonus Tier: Continuous hold for 12 months from the date of allotment.

Second Bonus Tier: Continuous hold for an additional 12 months (total of 24 months from allotment).

2. Reward Structure
12 Months: Eligible retail investors receive 1 bonus share for free.

24 Months: Eligible retail investors receive 1 additional bonus share for free (capping the total incentive at 2 bonus shares per eligible retail investor).

mikeapollo:
The ''red sea'' continues today!

Dangote enter market, everything scatter scatter! Wetin we go call am now?

Olaide1295:
What stocks have fallen to attractive levels now?

chimex38:
Hmm...another angle.
This pointer almost certainly guarantees 100% oversubscription.
"almost".

iskalamong:
This is the first time I am observing that you are not bullish on a stock.

I used to assume you're the direct opposite of Agba.

yMcy56:
Lol 😆
I'm direct opposite of Agba
Generally tilted towards positive and Bullish market.

I'd expected DANGREF to bring favourable sentiments to the market but now, it's causing more losses than blessings....
I can't be bullish on it...
My portfolio, people's Portfolios are bleeding...🥹

Agbalowomeri:
Una still get portfolio

yMcy56:
With all the Bulls, you no get?
Which year you go come enter? 2033?

Agbalowomeri:
When market collapse finish

Agbalowomeri:
When market collapse finish

mikeapollo:
The use of electronic application might curtail or reduce the oversubscription to some extent.
From my understanding, any investor planning to use the hardcopy Application Form must apply for a minimum of 50,000 units (N26.25m)

Streetinvestor2:
Which was possible only under a failed government
As we know a new government is coming next yr.
It means it will never happen

aj8:
I'm not sure if anyone has noticed, but the fact that the Dangote refinery is requiring a minimum purchase of 10 units and it's Par value of 0.000013USD, is a pointer to a future consolidation of 10 for 1 reverse split, likely before they list on the US market in a few years. 10 units will then become 1 unit. That would pair them up well with/against Seplat for easier price determination/ appreciation/comparison.

chimex38:
Using digital method won't affect affect it much.
Non-tech savvy investors have banks managers, brokers, aids etc that will willingly collect paper copy/hard copy and help them digitize it.

It's no big deal.

Rather the electronic method will even skyrocket the oversubscription.

chimex38:
Using digital method won't affect affect it much.
Non-tech savvy investors have banks managers, brokers, aids etc that will willingly collect paper copy/hard copy and help them digitize it.

It's no big deal.

Rather the electronic method will even skyrocket the oversubscription.

yMcy56:
Ok o.
Since which year you don dey wait for market to collapse?
How many more years is your TA telling you to wait? 🙄
You sure you go enter if e collapse finish?