₦airaland Forum

I agree to proving a point especially as he plans to list the fertiliser shortly after this. Its a no brainer. Cos if he allows this to flop no one will pay attention to him so much during the fertiliser listing. So expect pumping post listing. Make una enter this IPO. I was sceptical initially but looking at the optics i changed my mind.. na so i take talk make una enter Ngxgroup last year at 60 even before the refinery IPO.

PS: if Alhaji wants everywhere to burst he should hold on with the listing until after Jaunuary elections make the pumping ride with the year end results rally. I suspect that is part of the reasons for the 2 weeks extention in addition to the Q3 results.

mikeapollo:
Alhaji may just want to prove a point with this refinery IPO.
He is rich enough to come back to NGX or use his proxies (after listing) to mop up and accumulate more shares, thereby jerking up the price to whatever level he desires.
Those interested should either buy the IPO or immediately after listing

🤣😂

ppogba:
And the last time they did not pay was because they submitted to Micro Finance Bank.

Its just as if some people want to deliberately kill this thread that has been beneficial to all in the past. Its unfortunate that new comers may not have that advantage of benefiting as some of us did in the past. Its even better you come and not see any posts that seeing irrelevant posts... Una welldone o.

StockJamesStock:
Simply block them. Evidently, nobody is willing or able to take action so there's little/no point in raising this again. The culprits clearly don't care either so appeals to them to be reasonable are a waste.

I blocked Megawealth, Streetinvestor and other nuisances a long time ago and renew it regularly.

I recognise they sometimes contribute valuable info to the thread but currently the odds of me missing out on any sensible thing from them is trivial compared to the likelhood of being irritated by their distractions.

After the elections everybody will calm down and return to the focus of the thread, and then I'll unblock.

So you go join Agba for sideline waiting for GTCO at 18... 😁

megawealth01:
Na today my broker paid me my huge WITHDRAWAL. Make I reason what to do from next week

Cowboy Otedola is now a risk factor. That one no de bargain hunting.. lol

awesomeJ:
There are 4 full weeks till it closes. That's enough time for her to get the regular BVN or diaspora BVN, whichever one is easier for her.


Also the stock will be available to buy from November, people should not see it as if you miss IPO, you're never getting in. The stock is indeed listing, so that's a backup option.

The only risk with the second option is Otedola. He might have some cash to burn and push the price to unrealistic levels.

Na soo.. last last na Dangote go reset this NGX. 2008 was banking, 2027 and 2028 will be DR. Though not praying for that but being almost half of the index hmmm.

Na that seplat comparison de burst my head anytime analysts use it. Only mtn 21 billion and airtel 3 billion is even enough to school us. Outstanding shares will always have impact on share prices.

Alhaji should also educate his foot soldiers of the risks.

Streetinvestor2:
Many will be disappointed if after 1 or 2 yrs the investment cannot buy them phone. They will not want to participate in stocks again. I know many who participated those days in bank ipo and are disappointed with the results. It is even worse for the banks that closed shop and 2008 crash. That is why even with large population we only have like 600k active accounts on ngx.
When you tell them about stocks. They will be asking u what they will be making monthly from the investment

Kaiii... 😂😂😂
Now this one is a red flag.
Eyes go clear after the IPO. That 10,000 he is quoting anyhow hope people can wait for 25 years.

Itzlinda:
walai no one has understood Dangote cunning way like you do.

He has how invited tons of Hausa bloggers and had a chat with them.

Few of the points he mentioned are. I'm quoting him verbatim.

If you buy the IPO at 525 he said it will become 10,000 some day . If you put 5 million it will become 50 million and that Will make you wealthy. And you won't fear devaluation because the dividend is in dollars. he add if you have kids studying abroad,the dividend Will get you covered when we have devaluation unlike 2023 when many parents have to bring their children from abroad. He said that's what he set to help with.

Second point: he said the IPO Will consider common people first, those with 50,000 and 1
00,000. He said the big men will be refunded if shares finishes.

I think I wholeheartedly agree with you at this point. Dangote is just set out to recruit foot soldiers in the name of IPO with unrealistic promises .


Link to the interview https://www.facebook.com/share/v/14puDwbX4ij/

😂😂😂 so Loco and Peter should not be crucified... But did he really say this. Lol.

People always use this as motivaion especially making comparison with seplat. I just laugh. How can you compare a luxurious bus carrying only 600million people with one carrying 125 billion people.. its ok.

Panadee:
He said, “As I was saying, this share, if you look at it, we are currently at N525. A day will come when this share will reach N10,000.”

Even Alhaji dey do MH

This bone don hook US for throat... I dont think any country has stressed US like this. They will begin to question their choices.

megawealth01:
Body go tell una

It depends o. This one Alhaji says it will be the peoples ipo as he wasnt a lot of retail nigerians on board. They may use threholds in prorating. Lets see sha..

Agbalowomeri:
Na today you begin do IPO? It will be oversubscribed and will be prorated

If the IPO is oversubscribed, they might release more units instead of returning money so everyone gets alloted. 120 billion plus OS no be joke. Well except for buyers of so many billion units that want to take over the refinery. So i think for retail, their funds may not be returned. until we see the prospectus though.

I tried calculating 120 billion times 525 my phone calculator give me error😂😄

You are even going far with 40 to 50 naira. Only 10 naira dividend is already amounting to over 1.2 trillion.

Streetinvestor2:
Based on my own search the os for what to be listed now is 124.23 billion OS
That is what will be used to determine any eps.So I was wondering if the Refinery can generate btw 5 -6 trillion pat soon if one is looking at 40 - 50 dividend.

Ah!!! 120 billion ordinary shares Seems i will jump and pass this one oo. How!! Thats way too much..

megawealth01:
As seen on the Internet...

Na insurance you suppose de give daily close price update like this.😊😄

essentialone:
FUGAZ Banks Today 4th September:

Accesscorp Bank: -0.17%
FirstHoldCo Bank: +0.00%
GTCO Bank: +0.00%
UBA Bank: -0.33%
Zenith Bank: +0.86%

Ah ah Essential, where you from manufacture this kind news. General Danjuma retired as chairman since 2019, date announced Aug 2026 ke!! Abeg bring your source.

essentialone:
*May & Baker Nigeria Plc - Board Update* 🇳🇬

*General Danjuma retires as Chairman*
*Lt. Gen. Theophilus Yakubu Danjuma (Rtd)* has retired as *Director and Chairman of the Board* of May & Baker Nigeria Plc.

*Date announced*: August 31, 2026
*Tenure*: "After years of service" — he’s been on the board since the early 2000s

The company thanked him for his contribution to *corporate leadership, governance and long-term development* of the business.

*About May & Baker Nigeria Plc*
One of Nigeria’s oldest pharmaceutical companies.
- *Focus*: Pharmaceuticals, biotechnology, and healthcare innovation
- *HQ*: 3/5 Sapara Street, Ikeja, Lagos
- *Contact*: `0201 342 6886` | `info@may-bakerng.com`
- *Known for*: Strong corporate governance track record. They paid *₦517 Million in dividends to shareholders* back in June 2021

*Why this matters*
General Danjuma is a big name in Nigerian business and governance. His exit marks the end of an era for May & Baker. Investors will be watching closely for:
1. *Who replaces him as Chairman* - to see if governance standards stay the same
2. *Board stability* - pharma is a heavily regulated space with NAFDAC, so steady oversight matters.

😄😄wetin insurance do you na... Lol

edwardaigb:
Market will be this, market will be that, all is bullshit. Buy good stock and avoid insurance stocks and relax. After over 20 years, I can only say buy good and dividend paying stocks. Don't be deceived.

@essential.... You and insurance matter... 😄.
Them go hear word for your hand..

essentialone:
https://remotv.com.ng/guinea-insurance-completes-recapitalisation-secures-naicom-compliance/

Abeg this Eterna plc result is it real or magic.. i took some units at 27.7, waiting for it to fall further as i no belleful. Kai

Sunrise you are exceptional. Going forward make no body play with sunrise whispers here. For your portfolio's good. You too much. I remember him saying 10 naira was conservative for the interim. You always deliver!! I hail you baba.

Sunrisepebble:
Yes, which is not surprising considering they have over 600bn there and over 400bn in cash with no debt on the balance sheet.
Why will the chincos leave idle cash sitting around

As una de hail Otedola for firstbank matter, make una remember say him don push his right hand man Julius Owotuga enter NAHCO as non executive director. You can check the profile of Julius, may he has an eye in nahco who knows..

I also read of his new book launch titled making it bigger... The man na love-vendor when it comes to this game..

pluto09:
There is nothing ote$ cannot do if he wants the price of his company of interest to rise.

Mh?? I doubt that o but Business de move. 😀I am enjoying buying stocks wey de dip. Some Stocks i don de eye since is coming home. Year to date i am still up 77 percent after dropping from 113 percent peak. As bad as e bad If i end up with 40 percent on capital appreciation apart from dividends i think its still a fair year.

Just that most discussions here are now political. I did not believe the data boys analogy before now...

crownprince2017:
MH don dropped quote as business no gree move again.

History teaches us that when a ruler is seen as invincible or too powerful, they usually dont end well. Though momentarily they get all they want.

ogawisdom:
2027 election has already been won by Tinubu, there is no opposition in Nigeria. The only thing unclear is who will come second.

A man that controls court, INEC, thugs, police, CBN, Army, navy, civil defence, all armed forces and with a do or die mindset can't lose election in Nigeria especially when he is not a coward like Jonathan or people pleaser like obi . He will rig it and nothing will happen. Everyone will move on.

Make this eterna shake body enter 25. E de enter my eye.

KarlTom:
ARADEL. ±
CONOIL. ±
ETERNA. ±
OandO. -3.00%
SEPLAT. ±

Agba is now repentant... I like this new Agba..😀

mikeapollo:
The ASI rise is partly because of new listings
But still, a lot of the current heavy funds will find their way into DR private placement (until 2 weeks after the official closing date of the PP).

😀😂

Agbalowomeri:
Omo the money plenty. Needs more bullion vans to drag am

Yes o. TIP fair value has always been around 30. When i did the analysis around nov/Dec during the PO offer. After buying the PO i still bought aggressively on the floor when it came down to 10/11, just incase i dont get all the public offer... my AI bot de shout accumulate. I even put fear for the AI say over 1.1 billion shares de come from the rights issue and public offer, e still de shout accumulate... TIP is about 35 percent of my portfolio without the public offer.

deathwing:
Will it go below the N19 it was stuck at for months? If not, it’s a lesson for that that you should have bought all this time 😀😀😀

Hehehehe this market sha... At 18 people were waiting for the PO allocation for sell off to jump in. It rose to 30. Still waiting for the allocation. It might get to 40 then the allocation comes and it drops to 30 and stays there tlll quarter 2 results to shoot again. In real terms above 60 percent has been lost if you now enter at 30 after sell off rather than the 18 to 20 it was.

Well everyone has their strategy.

Ginalex:
I'm waiting for when they'll credit people with their PO and RI. The sell offs then would be massive... Na then I go jump in with full force... That time will come I'm sure of it.

This Ikeja hotel and their kobo kobo dividend. When them go tire for kobo kobo. Even with their interim dividends, at the end of the year the whole thing no go even reach 25 kobo

Abeg which broker did inform you of this. I will like to use such broker.. imagine you did that 10m, na 100's of million. Imagination is free..

But lets see what their public offer will be if they will. I plan to partake depending on the price and how many shares to be generated. If e ballon the ordinary shares more than 2.5 billion i no do..

Even some little blunders in their resolution like below makes one wonder... For a public document there should be proof reading. Even with AI that make some corrections

megawealth01:
I'm buying ELLAH any opportunity of sub 10 naira

That ZICHIS dey pain me sha... My broker told me about them at bargain oooooo even at sub 3 naira if I was to buy 10m naira but I told them that I don't have interest as I know nothing about them... This was before they came to NGX officially

This has always been my view. But some toxic person go attack.

Some other discussions might be brought up intermittently but not make it subject of discussion for days taking 3 plus pages..

Well its a public forum anyway..

bovali:
I hate coming to this thread and seeing so many posts that are irrelevant to NSEMPA. If i wanted to see petty arguments i will be on instablog. Sometimes just ignore the urge to respond.

Thank you for pointing the annualized part. I know of the 2x book value. But if the eps was not annualized i think the 2x book will be inconsequential.

bovali:
Its trading at 2x its book value and it did eps of N8.03 in Q1 25, so even lower. I think its fairly valued now. Additionally, the disclosed Q1 26 EPS appears to be annualized, not actual three month EPS and restricted deposits of ₦974.02bn are not operationally available, limiting the usefulness of headline cash balances.

Oh i see. This accounting pattern sef...

Agbalowomeri:
Look the data well. It is annualised