₦airaland Forum

GeneralDae:
NNPCL is Nigeria’s largest firm and Africa’s second largest firm. They can easily float $70 Billion on the NGX to surpass Dangote (if they list all their ventures).

NNPC will not list the major upstream business because that is where profit on sale of crude is used to finance the national budget.
Only the downstream business (retail filling stations) can be listed and that is nowhere near $70b or Dangote.

No National Oil company (NOC) would list its major upstream business on a stock exchange and distribute its earnings to shareholders (who may be billionaires already) instead of using the funds to finance the budget and develop the nation. It wont happen!

Abeg what is today's closing price. Stockbubble is giving different prices.
Bubble price different from price when you click the Bubble

millo:
Accesscorp is getting interesting.

Streetinvestor2:
The only stock I regret not buying when it was 500/600 on ngx remains saplet. I was waiting for 350/400 range.That one was life time missed opportunity

The second one will be dangote refinery and the third Japaul.. let's revisit my post by 2027 year end

faoogoke:
Abeg what is today's closing price. Stockbubble is giving different prices.
Bubble price different from price when you click the Bubble

N29.00

faoogoke:
Abeg what is today's closing price. Stockbubble is giving different prices.
Bubble price different from price when you click the Bubble

Na wa ooo
You still dey ''click the Bubble''....to see if money dey inside the Bubble!
Money no go kee person ooo.

SonofElElyonRet:
The second one will be dangote refinery and the third Japaul.. let's revisit my post by 2027 year end

Ewo ni t'epe?

GeneralDae:
NNPCL is Nigeria’s largest firm and Africa’s second largest firm. They can easily float $70 Billion on the NGX to surpass Dangote (if they list all their ventures).

Justifying why Ngx easily becomes an oil commodity exchange.

Bro na retirement stock hence..

mikeapollo:
Na wa ooo
You still dey ''click the Bubble''....to see if money dey inside the Bubble!
Money no go kee person ooo.

mikeapollo:
NNPC will not list the major upstream business because that is where profit on sale of crude is used to finance the national budget.
Only the downstream business (retail filling stations) can be listed and that is nowhere near $70b or Dangote.

No National Oil company (NOC) would list its major upstream business on a stock exchange and distribute its earnings to shareholders (who may be billionaires already) instead of using the funds to finance the budget and develop the nation. It wont happen!

But this is not true. Saudi Aramco and Petrobas amongst others listed their upstream

Please can someone explain ELLAHLAKES to me.?...it will be on offer during early trades and will close on almost full bid at close of market

SonofElElyonRet:
The second one will be dangote refinery and the third Japaul.. let's revisit my post by 2027 year end

Bookmark I will buy that your refinery that is being sold at premium now for #400
Which exchange is japaul listed as I do only ngx...lol

mikeapollo:
NNPC will not list the major upstream business because that is where profit on sale of crude is used to finance the national budget.
Only the downstream business (retail filling stations) can be listed and that is nowhere near $70b or Dangote.

[b]No National Oil company (NOC) would list its major upstream business on a stock exchange [/b]and distribute its earnings to shareholders (who may be billionaires already) instead of using the funds to finance the budget and develop the nation. It wont happen!

You're saying Aramco(2222) doesn't include the upstream business? check well na.

There's no big deal listing NNPCL's upstream business, it doesn't stop the government's revenue.

If NNPCL lists with MoFI and the petroleum ministry still holding 90% of the entity, the government will still be getting 90% of the profits and 100% of the taxes and Royalty it currently gets.

The 10% dip in profit they currently get might even be recovered several folds if the company becomes more efficient on listing, especially if the capital raised from the 10% dilution is redeployed into the business.

Imagine 10% stake sold to raise $7bn that makes their NEPC subsidiary start producing an extra 200k boepd as an operator. That alone would make the government get more revenue overall compared to the status quo.

If market was bullish, this thread would have hit 11,000 pages before Monday.

Now, analyses don't abound. 😁

Soon though, very soon.

awesomeJ:
You're saying Aramco(2222) doesn't include the upstream business? check well na.

There's no big deal listing NNPCL's upstream business, it doesn't stop the government's revenue.

If NNPCL lists with MoFI and the petroleum ministry still holding 90% of the entity, the government will still be getting 90% of the profits and 100% of the taxes and Royalty it currently gets.

The 10% dip in profit they currently get might even be recovered several folds if the company becomes more efficient on listing, especially if the capital raised from the 10% dilution is redeployed into the business.

Imagine 10% stake sold to raise $7bn that makes their NEPC subsidiary start producing an extra 200k boepd as an operator. That alone would make the government get more revenue overall compared to the status quo.

Okay oooo. Best of luck.

Probably some smart money guys are forcing the price down to their entry level at day end. Check intradsy trading pattern.

Princkez:
Please can someone explain ELLAHLAKES to me.?...it will be on offer during early trades and will close on almost full bid at close of market

awesomeJ:
If market was bullish, this thread would have hit 11,000 pages before Monday.

Now, analyses don't abound. 😁

Soon though, very soon.

We no get strength to analyse

My garri don finish

GeneralDae:
But this is not true. Saudi Aramco and Petrobas amongst others listed their upstream

Okay ooo. Imagine NNPC getting listed and HNI like Otedola, Elumelu, etc buys like 50%-70%+ of the shares. And they collect billions of naira as dividends every year with most roads, schools, hospitals in Nigeria still bad!

mikeapollo:
Okay ooo. Imagine NNPC getting listed and HNI like Otedola, Elumelu, etc buys like 50%-70%+ of the shares. And they collect billions of naira as dividends every year with most roads, schools, hospitals in Nigeria still bad!

Do they use your roads?

Agbalowomeri:
Do they use your roads?

Okay oo.
Na true you talk sha

3 reasons why I'm not buying Dangote refinery IPO.

1. Money does not make noise.
2. Wealth does not invite you to 'join us.'
3. The people who will make money in the short term are those who bought private placement. This is not financial advice

© Praise George

megawealth01:
3 reasons why I'm not buying Dangote refinery IPO.

1. Money does not make noise.
2. Wealth does not invite you to 'join us.'
3. The people who will make money in the short term are those who bought private placement. This is not financial advice

© Praise George

Okay ooo. Every man with his strategy.
You no believe Dangote, but you agree to join Wale!
God dey.
Any theory na theory. Man no die, man no rotten.

E be like insurance coys are in a race to park back at 20kobo

mikeapollo:
Ewo ni t'epe?

I'm trying to help his ministry. It's not too late for him to "repent"

megawealth01:
3 reasons why I'm not buying Dangote refinery IPO.

1. Money does not make noise.
2. Wealth does not invite you to 'join us.'
3. The people who will make money in the short term are those who bought private placement. This is not financial advice

© Praise George

But you don talk say you fit buy because of Otedola and you no go come back come tell us say you don buy...

Agbalowomeri:
We no get strength to analyse

My garri don finish

😁😁

Agbalowomeri:
E be like insurance coys are in a race to park back at 20kobo

Buy the dip... Make dip no come dip deeper and deeper like bottomless pit

SonofElElyonRet:
But you don talk say you fit buy because of Otedola and you no go come back come tell us say you don buy...

You leave am.
Person wey go buy because of ''patriotic calculations'' very soon.
Na so he talk before him come enter ''political calculations'' for Oando. Wale come hook am for throat!

SonofElElyonRet:
But you don talk say you fit buy because of Otedola and you no go come back come tell us say you don buy...

Please tag where I said that I will buy or not buy

Really? You won't understand my Oando games

mikeapollo:
You leave am.
Person wey go buy because of ''patriotic calculations'' very soon.
Na so he talk before him come enter ''political calculations'' for Oando. Wale come hook am for throat!

I no talk anything about DANGOTE REFINERY. I told people to make choice as adults so they don't quote me tomorrow

mikeapollo:
Okay ooo. Every man with his strategy.
You no believe Dangote, but you agree to join Wale!
God dey.
Any theory na theory. Man no die, man no rotten.

mikeapollo:
Okay ooo. Imagine NNPC getting listed and HNI like Otedola, Elumelu, etc buys like 50%-70%+ of the shares. And they collect billions of naira as dividends every year with most roads, schools, hospitals in Nigeria still bad!

Again, if they collect 70%, it only reduces the profit portion of FG's income from NNPCL, It doesn't at all reduce the taxes and Royalties, if anything it will likely increase those cos the entity will have significantly bigger operations.

Then out of the 70%, the government still gets 10% minimum as taxes when those billionaires take the profit.

Ultimately, the issue with Schools, hospitals and roads won't be availability of funds but largely efficient utilization of funds.

And this is not just theory, cos you and I know that US which is the largest producer of crude and produces over 12 times what we produce has no NNPCL equivalent, but their schools and hospitals aren't on the same level as Nigeria's.


This is not to mention that in reality, elumelu and otedola can't raise the liquidity to by 30% of NNPCL talk less of 70%.

Where do you think the 10 richest Nigerians outside Alhaji and RABIU would get $50bn combined?

What is there's no Yari to buy another overpriced Otedola's stake, isn't his asset mostly just paper valuation?

Fbn isn't really worth 5x accesscorp na.

megawealth01:
3 reasons why I'm not buying Dangote refinery IPO.

1. Money does not make noise.
2. Wealth does not invite you to 'join us.'
3. [b]The people who will make money in the short term are those who bough[/b]t private placement. This is not financial advice

© Praise George

And traders of course 😎