₦airaland Forum

Unfortunately they are yet to mine any gold and can't sell any despite the rise in global demand. They keep deceiving people.

PuristForest:
JAPAULGOLD Eyes Recovery as Gold Sector Demand Holds

Japaul Gold & Ventures Plc remains one of the few listed mining and natural resource plays on the Nigerian Exchange, giving it a unique positioning as global and domestic gold demand stays elevated through 2026.

https://ewnation.com/japaulgold-eyes-recovery-as-gold-sector-demand-holds/

Not financial advice.

Ngx price list shows it closed at N33.85, down -0.44%.

WhizdomXX:
Closed about 5.43% up.

Ngx

megawealth01:
WOW

So AGM did not move Oando. Like Dangote said: "Money follows trust, without trust there will be no money."

crownprince2017:
All the tribes are guilty except hausa guys to some extent..

No mind them Madam. Many of those writing such actually wish for the IPO to fail. Small minds stop at small thoughts.

yMcy56:
Shows the kind of mindset you have!!
Why wishing an innocent company bad?
If you're not buying then sound your likely warnings and allow individuals make their choices......good or bad.

So,.what if nothing bad happens and investors smiles to the bank instead?

Ok. Then I really can't see what objective will be achieved by giving 1 share to someone who held 10 shares and 1 share to the one who held 1m shares. We shall see.

awesomeJ:
You're the only one guessing. The prospectus is written in plain English, take 2 minutes to read it or ask AI to help you interprete. It's on page 65 Ask as many questions as you want from the AI to clear your doubts.

Since we are guessing, let me throw my hat in. The intention is to slow share sales after listing so as to reduce volatility immediately after listing. The 1 for 10 is because the minimum shares everyone must have is 10. It will be futile to expect someone with 50,000 shares to hold for a whole year in return for only 1 bonus share. So it must be a 1 for 10 bonus. The condition must also be that if you sell even one share you are disqualified. Otherwise it defeats the purpose.

WhizdomXX:
So if one buys 100 but sells 90 later on and holds 10 for two years, he gets it?

Two sides of the same coin?

mikeapollo:
Wow; another interesting angle

What about Jagaban influence?

Those two can hardly have a good business relationship.

mikeapollo:
Surprise ke?

My wish is for an announcement that they have entered an MOU for supply of crude and possible partnership/acquisition of stake by Dangote refinery in the future
Wishful thinking...all because of Wale

The man is a marketer. He sells hope. That's why he is where he is.

mikeapollo:
I have said that it is wrong for him to say the shares would turn people to millionaires, even if in 10 years. That was unnecessary.

Apart from that, a refinery with capacity of 1.4m barrels per day(after expansion) will be a global ''monster''.
The US-Iran war has also provided them the opportunity to sign and lock-in contracts to supply Europe, US etc. for some years ahead..

My worry is if govt can sanitize the sector by ensuring consistent crude supply (at agreed naira rate) to the refinery and also agree on the margins and prices of refined products from the refinery so that the monopoly in the local market is not abused.

Allaji really knows how to compete in business. In 2024 when his refinery started operating there was a number of people who announced that they were going to build refineries. There were at least 2 major ones in the South West. Alhaji then said he has plans to double the capacity of his. Now clearly it is easier for him to double his capacity than for a new refinery to be built at a fresh location. Alhaji already has a lot of infrastructure in place, he has the experience and can raise capital easier. Since Alhaji's doubling announcement I haven't heard anymore from those new refinery people.

In fact, it remains to be seen if NNPC will go ahead with the rehabilitation of the government refineries after the election. They are yet to go beyond signing an MOU, whereas Alhaji has already signed several contracts for his refinery expansion and is raising capital.

It is possible. He is planning a huge expansion all over. The money must come from somewhere.

deathwing:
What was the point of Dangote talking with regulators from SA, Kenya and other African countries? Does he really intend to list some of his shares on other exchanges and reduce his stake?

This what AI says about the shareholding structure of the Jamnagar Refinery in India. The refinery is the largest in the world:


The Jamnagar Refinery complex in Gujarat, India—the largest petroleum refining complex in the world—is 100% owned and operated by Reliance Industries Limited (RIL).
Because the refinery operates directly as an integrated division (O2C – Oil-to-Chemicals segment) of RIL rather than an independently listed subsidiary, its ultimate equity ownership mirrors RIL's overall corporate shareholding pattern.
RIL Shareholding Structure (Ultimate Beneficial Ownership)
* Promoter Group (Ambani Family & Holding Entities): ~50.5%
* Held through Ambani family members and investment entities/LLPs such as Srichakra Commercials LLP, Devarshi Commercials LLP, Karuna Commercials LLP, and Tattvam Enterprises LLP.
* Foreign Institutional Investors (FIIs / FPIs): ~17.2%
* Held by global sovereign wealth funds, pension funds, and international portfolio investors.
* Domestic Institutional Investors (DIIs): ~15.5%–16.5%
* Mutual Funds (~10.1%), Life Insurance Corporation of India (LIC), and Indian financial institutions.
* Public & Retail Investors / Others: ~15.8%–16.8%
* Individual retail shareholders, non-institutional corporate bodies, and Global Depository Receipts (GDRs).

Yok2:
TARGET TECHNICAL ANALYSIS MORNING MARKET COMMENTS!!!
The market is likely to be rangebound.

Dangote Refinery IPO is here. However, For the 1st time, I feel sad for what the Nigeria investor are facing or are going to face in the future. This is important for me as someone who have lost money in the market in the past thinking the Nigerian big money men can play a fair game in the market. Our regulators need to up their game .
Actually to me all the Billionaires in Nigeria are actually poor men in disguise ( yes I mean it, I look at SPACE X) to see how many common people in America became millionaires alone due to buying space X shares before the listing, there is a system where common people can buy unquoted stocks prior to listing and is available nearly to the general public, you may not be able to count them. who reply on direct or indirect Government support.

Dangote Owners (sorry, I don't know them), to retain +84% of stock after listing looks absurd, no wonder you and me are targeted, I don't see the big money holding on to that stock after the listing is completed as nobody will have a say in this IPO company we are taking about. So we can see the reason that the company is even trying to frustrate the big money from the word go.

So, for all the noise "caveat emptor".

Our regulators need to tell our Government the truth (I know SEC would equally be under some pressure in this matter, so we cannot really blame them, at please they are one Government Regulator you can trust their judgement, remember what they did earlier when attempt was made to override then. I will continue to give Kudos to SEC, they still show some professionalism only that higher authorities may twist their arm), This noisy IPO is like insanity, where is that 20% minimum float rule?

I will say "Nigeria we hail thee", we hail thee for what!!! Fantastically................, we can complete it . For SEC, please continue in your good works, we appreciate what you are doing in the face of political maneuvering and open/subtle intimidations. LONG LIVE "SEC"

..

https://www.youtube.com/live/h1l9qUKn4R4?si=Gvo3JKJcmvXlTd_d

Dangote: "People who want to stop us, they can't. We are gone."

Yeah. That counts me out.

nosa2:
Why do you think it has taken me so long to acquire 40% of what I intend to buy

Lol. Do you have to? Are you Baba Kunle?

essentialone1:
Please guys, how do explain to Iya Kunle that these 10 units of Dangote Refinery that she has gone to buy in the Bank this morning will not make her a Billionaire like Dangote? Because that is why she has been dancing since yesterday evening to the song of Pasuma.

Liquidity Nko?

nosa2:
Having achieved 40% of my planned acquisition amount I have now decided to mention my next baby.


Drum-roll please......... And the next stock that I believe will give bumper returns is .......... CHELLARAM PLC.

Ok.

essentialone1:
Not everything there may be AI.

I find this AI search amusing and possibly useful. But AI does make mistakes, so to say "avoid completely" maybe over stretching it.

essentialone1:
*13 Stocks you should Avoid Completely*

1. Austin Laz Plc
2. CMFC Plc
3. Fortis Global Insurance Plc
4. FTN Cocoa Plc
5. Infinity Trust Mortgage Bank Plc
6. Legend Internet Plc
7. Morison Plc
8. Premier Paint Plc
9. Prestige Assurance Plc
10. Sunu Assurance Plc
11. Thomas Wyatt Plc
12. Union Dicon Plc
13. UPDC Plc.

*Why you should avoid these 13 stocks completely*.

*1. Illiquidity + Dead stocks*
Most of these barely trade. Days can pass with 0 volume.
Examples: *Austin Laz, FTN Cocoa, Thomas Wyatt, Union Dicon, UPDC*
Problem: You can buy, but good luck selling when you need cash. Price can be stuck for years.

*2. Distressed / Suspended / Restructuring*
*Fortis Global Insurance, Prestige Assurance, Sunu Assurance* - Insurance sector has had NAICOM recapitalization issues. Some are under regulatory watch.
*Infinity Trust Mortgage Bank* - Mortgage banks have struggled with funding + NPLs.

*3. Fundamentals issues*
*CMFC, Morison, Premier Paint, Legend Internet* - Years of losses, negative equity, or business models that haven’t scaled.
*Legend Internet* - Listed via IPO with hype, but revenue/profitability hasn’t matched valuation.

*4. Corporate governance red flags*
Some of these have had auditor resignations, delayed financials, or shareholder disputes over the years.

*3 questions to ask before buying ANY stock, especially these*:

1. *Can I sell in 3 days if I need to?* - If no, it’s not an investment, it’s a donation.
2. *Does the company make profit and pay dividends?* - Not just "potential"
3. *Would I be okay if this goes to zero?* - Because illiquid small-caps can.

Thank you so much for your contributions. The investing public should be well informed of the risks. Unfortunately in these days of social media in a complex society like Nigeria some of those warning of risks are just as guilty of exaggeration as the promoters of the investment. I remember that similar frenzy happend during the introduction of nonintrest banking, which was tag by some as Islamic banking. Some fought hard to stop the CBN granting licence to Jaiz bank. They said the country was going to be islamized. Today there are many banks offering noninterest banking. So you just hope that people are guided by their investment objectives.

ghm:
I read all your posts now because I like your interesting views. One reason I read them: in consulting, sometimes two teams are asked to debate pros and cons on an investing decision, so all sides are considered.

The bottom line for me is that there are no alternatives as such. I also think people are better off buying than not buying, given that we are spending people and keeping something aside should be encouraged, we also need a larger investing community in Nigeria. 600K is so small compared to our population.

Small investors need to be protected more than HNIs, and it is the regulators who should do it.

Western countries mandate promoters to state risks categorically. For CFDs, it's mandatory to state:"Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money. You should consider whether you understand how they work, and whether you can afford to take the high risk."

For stocks, something similar should be stated:prices can go up or down, and you can lose money.

Nigeria has risk disclosure requirements—the NGX mandates a Risk Disclosure Document . But we lack the standardised, blunt, quantified warnings that Western regulators require. That gap is dangerous for ordinary citizens who don't understand how markets work.

This matters especially when promoters—including reputable people—make statements that blur the line between enthusiasm and misleading claims. The SEC's own cease-and-desist on Dangote Refinery pre-IPO solicitations shows the regulator knows this problem exists . What's needed is not just reactive enforcement, but mandatory, standardised warning labels on all promotions.

I think it will be too soon if my grandson sees NNPCL listed in the NGX.

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!

People who post and say "this is not financial advise" are doing more harm than they probably intended. Why not just keep it to yourself.

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

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

Maybe they will announce they will buy a refinery in 2027.

BTW what happened to their Trinidad🇹🇹 and Tobago refinery?

mikeapollo:
Haha!
Look at Oando shaking body today? Wetin do am?

Thanks. I wonder how Morgan Capital, being like a pioneer in online trading became among the last to develop a fintech app.

francesfrances:
They said the App will be available for downloads on Friday. I didn't ask if it is this week Friday or next week

Can't find it on the App Store.

UchihaRhaegar:
Apparently Morgan Capital's app is now available

Nigerians are like Americans to other Africans. So it's possible they will get it. But this purchase will make the CBN look stupid.

WhizdomXX:
Radarada . Do you think it will get it?

Lol. The leopard can't change it's skin.

mikeapollo:
Access Bank Vying to Acquire Societe-Generale Bank Ghana

https://thehighstreetjournal.com/secret-banking-battle-in-ghana-bright-simons-reveals-moroccan-and-nigerian-giants-vie-for-societe-generale/

This is normal legal language and caveat in such documents.

deathwing:
From the prospectus