₦airaland Forum

londonerr:
Good. He failed in South Africa.

jonnysessy:
The price may not move. It is already on the high side.

londonerr:
Good. He failed in South Africa.

essentialone1:
The official listing confirmation.

*What happened Sept 30, 2026:*

NGX listed *1,110,018,448* new shares of The Initiates Plc (TIP)

- Old issued: *889,981,552*
- New issued: *2,000,000,000* shares (50k nominal)
- Offer type: Hybrid Offer

*Breakdown:*

- *Rights Issue:* 177,996,310 @ ₦7.00 = *₦1.245bn*
- Basis 1 for 5 as of 01 Aug 2025
- That was the one extended from Dec 12 2025 to Jan 12 2026 (SEC approval)

- *Public Offer:* 932,022,138 @ ₦9.50 = *₦8.854bn*

- *Total raise:* *₦10.10bn* (if fully subscribed)

*What it means:*

1. *Dilution + Cash:* Existing holders who took Rights kept their %, new public investors came in at ₦9.50 premium — sign market was hot (remember +480% in Q3 2025).

2. *Main Board qualification:* NGX Reg CEO Jude Chiemeka had said at the Nov 2025 Facts Behind Offer that TIP wants to move from Growth Board to Main Board. Main Board needs ₦4bn market cap — with 2bn shares, even at ₦7-9 they are comfortably above that.

3. *Use of proceeds:* As CEO Reuben Mustapha Ossai said — expansion of hazardous waste assets, tech, and entry into public/domestic waste in West Africa.

4. *Trading impact:* Those 1.11bn shares became tradable Sept 30, so expect volume spike and price volatility this week as early Rights/Public Offer allottees decide to take profit.

If you held as of Aug 1 2025 and took your Rights, check your CSCS — Apel Capital Registrar should have credited 1 for 5. If you applied in Public Offer at ₦9.50, same.

Raider76:
Another Telecom Company Secures Licence to Operate, Set To Rival MTN, Airtel, Glo for Subscribers

https://www.legit.ng/business-economy/technology/1733780-mtn-airtel-glo-rival-telecommunications-secures-license-operate-nationwide/

vacanci:
I think chimex38 has explained it the way I understand it.

When you said all those shares are going to flood the market begs for a question. The ones allotted since months ago that people have been selling nko? Where were they from?

Meanwhile their Q2 report already have those shares as part of their total outstanding shares used to calculate their earnings per shares.

I can see that you have 100% dependency on AI. It appears too much reliance on AI usage without giving the right prompts can cause analysis paralysis. Maybe if you tell AI that allotments happened months ago and people have been trading them, AI will change analysis and give you another dimension of the issue.

My own is what happened September 30 is a mere ceremony

Raider76:
Part of the lessons he must have learnt and is carrying forward to Kenya. That's the difference between billionaires and us. They look forward, we look back.

chimex38:
Succeeded in Senegal

chimex38:
-What happened to Mafab and their surprise 5G BId that they won?
-What happened to Etisalat since peak of early 2010s.
Re-branded to 9-mobile, yet nothing?

-Even Econet,that changed ownership several times to Vmobile, Celtel, Zain found it difficult to operate before Airtel came on board. Dem dey try sha.

-Even Glo isn't competing or expanding anymore just focused on maintaining status quo. They can't can again

- Our unique internet and data specific brethren, Spectranet and co have seen MTN again come into their space again to dominate their long existing market.

- when I thought Using Ngx to source capital l, show visibility, enhance transparency to investors and cement brand identity to compete favourably or even ahead of their peers;
LEGEND INTERNET is no where to be found in all ramifications I mentioned above.


Somehow, Telecom network infrastructure and maintainance is not for the faint hearted in Nigeria.

I give MTN kudos despite their extortion and network misbehaviour sometimes.

I wish the new entrant a very Good -Luck with abundance of divine Grace in their favour in challenging areas in this country.

londonerr:
Is Senegal a country? Where you had perennial head of government

Streetinvestor2:
I so love that man.His balls are made from the strongest materials. When he said any moral coward left should leave.I was full of happiness

londonerr:
I suspect that guy wants to carry the reserves go private ... He may want to delist from ngx....

Oasisblue:
Rather than coming on the NGX to raise funds and compete, Glo is content to remain a family biz. I dont think they are going to maintain the status quo. I read somewhere that their subscriber base has declined significantly over the years. I think they may go the way of Etisalat and co in the near future.

I wish Lebara the best.

PETERiCHY:
We've MENTIONED it SEVERAL times
WALE ultimate aim is take OANDO private,

He DEVICE every ungodly MEANS to SUPPRESS their stock PRICE

Frustrate MINORITY SHAREHOLDERS to GIVE UP their HOLDINGS s

So WALE and his COHORTS can ACQUIRE. at CHEAPER Price.

By the TIME they are SATISFIED their HIDDEN AGENDA will be UNVEILED

BARGAIN HUNTERS TAKE NOTE!

Streetinvestor2:
Don't worry,oando will be OK by next yr.That is when we have kicked BAT out and sanity, accountability will have returned to Nigeria...go and verify
The hate for this government is so clear in the independence celebration of yesterday as shown by youths

Streetinvestor2:
Don't worry,oando will be OK by next yr.That is when we have kicked BAT out and sanity, accountability will have returned to Nigeria...go and verify
The hate for this government is so clear in the independence celebration of yesterday as shown by youths

Streetinvestor2:
Don't worry,oando will be OK by next yr.That is when we have kicked BAT out and sanity, accountability will have returned to Nigeria...go and verify
The hate for this government is so clear in the independence celebration of yesterday as shown by youths

faoogoke:
I am amazed how Nigerian have so much faith in politicians.
Anyone taking over from BAT will not make life easier for the poor.
They dont care about anyone but themselves.

Oasisblue:
The same Oando that went from N5.50k in 2023 to 90 Naira in late 2024 under this same government?

mikeapollo:
So how is that a credit to the govt.?
Oando acquired NAOC upstream assets and that caused the rally from N5 to N90. and the govt was not party to the deal.

Oando had been partners to NAOC and they started acquiring some of their assets since 2014

faoogoke:
I agree with you on the GLO reluctance to list. One can imagine its fate without Mike Adenuga around. The company is poorly managed. Even if he decides to list now it will do so at a huge discount.

Krisuba:
Chelleram is balling Big!!

unite4real:
How pls.

as of this moment, total units transacted is less than 50k

Oasisblue:
Simple turenchi. Whether the govt is party to the 2023-2024 rise or not, if such a >1000% meteoric rise could occur under this govt, what is the sense in alluding to the fact that the same govt is somewhat hindering its progress and postulating that replacing it with another govt is what is needed to move the company's shares forward?

lawani:
The company has solid assets. It owns all its base stations. It has more assets than most others by far. As it is presently, it is sitting pretty, why should it offer its equity at a discount?

faoogoke:
I said if he decides to come to the market now compared to some year back when it was doing well.
They may own their equipment etc but what value are they getting in return with their low subscriber base.
Why cant he lease his towers to others or to himself or rather sell like MTN did?
This typical black man mentality of wanting to own everything and be in charge is not helping his business.
He should sell a stake to a reputable service provider who will assist with running the business better.
In my opinion GLO and Adenuga should up their game operations wise.