₦airaland Forum

PO extended. I thought as much.

https://x.com/Theinitiatesplc/status/1999489169291190293

The Initiates Plc has extended its Public Offer of 932,022,138 ordinary shares at ₦9.50 from Dec 12, 2025 to Jan 12, 2026, following strong investor demand and SEC approval.

Dangote is a smart man with high business acumen. He understands the game. Investors and returns are like ants and sugar. He just de water the ground with apetizers.

Raider76:
Dangote offers dollar dividends to lure investors to refinery IPO

https://businessday.ng/news/article/dangote-offers-dollar-dividends-to-lure-investors-to-refinery-ipo/

I spotted the build up in sugar i quickly jumped in around 54.4 before the pressure became more. The push on sugar will be massive. MTN is another with great build up. Japaul de do me like magic, now you see me now you dont. I am still trying to decode it..

But Loco make you never go yet.

crownprince2017:
Sugar will surprise us very soon.
Finger crossed.

Meanwhile biodiesel will shape a serious demand for palm oil companies.

I think it is already public. I remember reading some where that no CGT on REITs. The following days i was watching for activity there but did not see any for 2 days i put my money somewhere else. Now the money no de free again...

jonnysessy:
I wish i had some cash, i would have just jump in. When you see all stocks in a sector trading in large volumes and also having price appreciation, it means something is cooking. One may really not have the news yet, but it will later become public knowledge. Maybe, by then a lot of investors had already taking positions,

It is a huge one. But i am really hoping they do because if they do, there wont be any stopping ellah o with that kind of capital. And they be competing very well with presco and okomu. My only concern will be the outstanding shares. Well this may not matter so much if the results starts showing. They already have the publicity. Once i confirm they achieved the capital raise i will take partial long term position until the results become good then i scale up.

zendi:
Any expo on the progress of Ellah PO ?

I enquired from Google, out of curiosity as to their possibility of achieving the target amount, and was updated thro the AI as follows :

"The Ellah Lakes public offer for N235 billion is still open, as it closes on December 5, 2025, so the target amount has not yet been achieved. The offer is intended to fund the acquisition of Agro-Allied Resources & Processing Nigeria Ltd (ARPN) and has seen positive market momentum, with the company's share price climbing since the offer opened on November 10, 2025.
Target amount: N235 billion
Number of shares: 18.8 billion
Offer price: N12.50 per share
Opening date: November 10, 2025
Closing date: December 5, 2025
Purpose: To acquire Agro-Allied Resources & Processing Nigeria Ltd (ARPN) and upgrade processing facilities to accelerate growth and integrate the acquired assets..........."

Plz do you think they will be able to raise this money ?

NCR no get time to de follow una do market noise.. as day dreak early morning by 10am e go just come do him 100k units get 10 percent de go house. I am not surprised. with only about 40 million shares of free float what do you expect. We will all see how and where it ends..

So first registrars can be this active and vibrant. Them won use SMS finish me on top presco rights issue.. . I have gotten over 10 SMS from them. Make them chill small. I was seeing them as one of the worst registrars..

But if ellah succeeds with this capital raise. The sky will be their limit. With that kind of capital any business will do exploit. Make we de watch sha.

emmanuelewumi:
I learnt they already have stand by investors, nothing sarcastic in my statement na

True.. as sad as it is. That is why the government cared less about this until Trump decided to shake them up.

nosa2:
As sad as this sounds, the fact is that so far the insecurity is affecting only the economically irrelevant population of Nigeria and as such I don't see it having much of an impact on the earnings of companies on the NGX

Sorry 6 i mean. Na 60 i write... Lol

chimex38:
Todays trade is 2.88million units.
Total units traded for Tip for the past one week is less than 45million.
Where you get 60m units

You fit wait tire o. Better to be scaling up and down gradually. Na so chams do rights issue some de wait make e come down yet it did almost 100% from circa 2 to 4. Not to talk of TIP that has small outstanding shares. I see it getting to 15 before the closing date. I might be wrong though. A director bought about 60 million units at market price. Why didnt the guy go for the public offer. Just wondering..

deathwing:
Still hoping for TIP Plc to fall below PO price of N9.5 but be like that won't happen

I can bet my 2 cent that this CGT will not be implemented. There was a reason the last one was not. One, we dont have the infrastructure, two, the market is very dynamic and complex. Only the JIJO guys that swing though several stocks in a year will confuse the system.

Another example if dangote fertiliser/refinery list by say 2nd quarter next year and an investor enters into the stock by 3rd quarter and makes gain above 10m, will this be taxed too, considering the reset date of 31 Dec 2025.
This market go burst the tax guys head no worry.

The banks do oo. The problem is with the government agencies that sit on it and dont act, except when it is in favour of their pay masters.

With the complexity if this CGT and the flip flop I see it going the way of the previous one which was not inplemented.

Streetinvestor2:
All these na super story for naija
No broker will want to do that unless something serious happens like court order
In banks u see it placed on notice. That all transactions above so amount will be reported to regulatory body for money laundering. How many times have u see any bank do such thing
Infact all looting and scamming pass through banks.How many have they reported freely. U think they want to lose the customer and future money. Leave na naija nothing dey happen

Hahahaha... Una no go kill person for here with laugh. I have missed two days of laughter..🤣🤣🤣

Agbalowomeri:
Na Loco disciple

Royalex
Japaul
Caverton
Ati bebelo

🤣🤣🤣🤣 This has to be the funniest statement i have seen this year on this forum...

tagonn077:
You buy a stock for a quick scalp then it dumps 50%… cos you can’t sell for a loss, you’re become a long-term investor attending AGMs and asking management about their corporate vision.

And their business model is threatened with pos agents scattered all over. Except they have other areas but the one i know is ATMachines for banks..do you know of any other areas they are into..

essentialone:
Please, why are people rushing to buy the shares of NCR Plc? I see it as a Toxic company and a Time Bomb waiting to explode badly... Their Books is in a mess. Fine they made profit after series of losses, but they are not yet out of the woods. Also, it is worrying that their Current Liabilities is higher than even their Total Assets. Take a 2nd look at it and tell us what we are missing in it...

I think say na only me. Real confusion... If market won bear make e bear if e won bull make e bull. Make person for fit plan. This is the real you cant time/predict the market in full throttle..

yMcy56:
I don't know if it's only me.....
I saw quite a lot of accumulations despite the red in the market......

In the past, if there's downturn in the market, there used to be very low volumes and transactions.....but it seems different this time around......billions still exchanging

Some investors still buying......
Some defence also.....in some big caps & few others .....MTN, ARADEL, etc

* What type of market can we say we are in now?

When them no be banks or breweries (NB/IB).

Mpeace:
That should be 18billiin ordinary shares at N13 per share.

When bear come, banks go quick enter especially access with full speed. Then when bull comes their gear go spoil only gear one go de work... 😀 Yawa banks..

pluto09:
Not there yet but it is looking more and more likely .
One major index that has not recovered from the August sell off. Not looking good.

🤣🤣🤣

Fredfrankhussle:
With what I read from the financial report today, I don’t see any good news coming from this company.
There’s no section on the financial report on mining, I thought he said he had moved from offshore business to mining, but no activity on mining. Na even 1million dem use buy land
I don enter one chance. The earlier I alight from this train the safer for me.

Agba Agba, funny guy... Make mtn sha come down to like 300 ish which is likely impossible .na to load life savings. Cos no matter what situation people go use their product.

N.B i averaged up on mtn taking my entry price up.

Agbalowomeri:
Recalibration don finish

Una go average down tire

3 things to note ahead of 2026

1. The CGT, for me this is of no much concern. Sell buy another stock and resell at no or little profit. Give up 2% commission to the broker than 30% to our yawa government. Or sell in piecemeal below the threshold. Easy peasy...

2. The coup attempt🤔🤔

3. Trump speaking about Nigeria as a country of concern. Infact this is now to me the big elephant in the room. Tinubu should better strike a mineral deal with this man. I fear this man pass the first two. If you understand psychology and the man's temperament and erratic nature you will know why.

True market cannot be timed. But certainly october cant possibly be better than Nov/dec if you observe the market, even with some good results yet price de drop. Meanwhile if you pick good stocks, by january when investors will be coming back in order to enter with the CGT they will be buying from you. I have like 3 stocks i was eyeing which didnt enter my radar in october but are gradually getting close to my range. Na to de pick am 50k, 100k naira de go small small.

kintus:
You'll be shocked to see that the best time to pick was in October......can anyone TIME the market?

This is a good time to have cash. I think i will go for a loan to do some picking this November.

Be like the red no be for only naija exchange. E touch US too...

But even in bear market some stocks will still do well. Institutional investors and asset management firms will keep investing as the allocation must be utilised by the treasury department. We gather de.

Streetinvestor2:
Fear not the red u see today u shall see them
more..They say we should be praising the failed government handling of the economy because he is thr village person
That thing worrying the nose will soon get to the eyes. That paper profit will be like film trick.The poverty is about to go round for all to taste. It is happening now because they have borrowed to the fouth generation. Therefore they need to get now from us

The government is doing wonderful well
What are u buying to make 50% soon..lol
Next Month this thread will become ghost town

Na this same limit gives room for gaming and manipulation. You go see bids lining up at 90 90k cos they dont want the price to drop after buying. When there is offer or bid above 100k person go chop am 70k and 30k so the price no go change. If you want a stock to move just come early morning sweep offers till you hit your target of 100k units that will change to the price you want then go to sleep. If you see any offer above 100k chop am off to reduce the 100k. Repeat and watch the share price grow. May not really work on very penny stock. Eg is bua cement today and mtn yesterday.

awesomeJ:
Same things I've been advocating.

There was a time when this stagnation affected almost every stock prices above 1k.

PRESCO and OKOMU were yet to join the club then.

They should just allow 10k units for stocks priced above 1000.

Ngx needs to reconsider this 100k units esp for stocks with high share price. The day after okomus result it did 1billion in value yet price no change. Presco no event get any offer or bid above 100k units on the trade table since release of result. Nestle did over 2 billion in value yet barely moved..

awesomeJ:
AIRTEL's stagnation has gotten worse today.

It gained 16% in London to now be at over 5200.

NGX is still looking for who will sell 100k units at 2500.

I was asking myself same question too. 😁😁. And very few outstanding shares... My spec..

Oasisblue:
I wonder how I missed this EUNISELL. What a fantastic company!

Aradel on full offer yet price no change, dangcem almost on full offer yet price no change, same with mtn instead e go even close 520.10. this our ngx eh.. lol. I think its easier to manipulate this our ngx if you have deep pockets like the MM. you can determine how the share prices go.

Our capital market still has a long way to go. Going by this figure thats less than 2% of our population, While south africa and US have above 50% of their population.

emmanuelewumi:
According to SEC Chairman 60 million Nigerian gamble and 3 million Nigerians invest in the capital market.

I also think that 80% of the 3 million Nigerians who invest in the capital market are also gamblers

Truth is anyone using these nigerian platforms that charge excessive fees is just short changing him/herself. You wouldnt know until you calculate these fees. But when you use platforms that charge no fees you will understand. I tried to explore the option of trading 212 but i understand its not open to nigerians. Naija do suffer sha.

Vest came ro the rescue. I have used vest for about 5 months now. I quickly moved my portfolio from optimus to vest. I realised i was just short changing my self with their 1% commissions. Imagine 1% of 1k usd thats 10 usd while vest is free. These platforms are just milking nigerians. On top of it vest is better in buy and sell including fractional shares, UI, better customer support, responsive, and have great international presence. Our local platforms have horrible customer support.

The only downside of vest which is negligible and can be managed with better planning is the funding and withdrawal which takes about 15 to 18 hours. So i fund early morning before 6 and when the market opens before 6 in the evening you should see the fund. Withdrawal should be about 24 to 48 hours. Aside that the platform is super b. Also from my experience in moving my portfolio from Optimus to vest i got more comfortable with them as they share same stockbroker with optimus which is drive wealth. So in events anything happens with vest you can move your portfolio to another broker through the drive wealth platform.

I just frown at all these our platforms chaka, troove, bamboo, optimus etc that are ripping us off...

yok:
I AM MISSING THE GOOD OLD DAYS OF "CHAKA
I wonder why some people dabble into a business they will not be able to handle. Since these new set of Managers took over "Chaka" platform, they have messed up the platform totally.

Despite the high Commission fron Nigeria platforms, the old "Chaka" platform was better than all in terms of the low commission , 1- 1.5% depending on the cel of your transaction in a month, but I am always in the 1% range. What endear "the old Chaka" to me is the ease of withdrawing money on the platform, no story, once you click the withdrawal button in less than 3 minutes, you will just see the alert, no delay.

With the fact that I want to have a local Platform, the next choice will be "Trove". This new Chaka people that are messing up thought a trading platform is like a "bet Naija Platform" they are a big flop. Can we remember they said they will come with something new on their Partnership with Alpaca, they messed up again. How ai wish ALPACA will get another Nigerian Partner, they have good product offerings!!!

I will say for now,this "new Chaka" are olodo people plus Lailai Mohammed joined together, why: they failed to show us the improvement expected from the Partnership with Alpaca.

So, I am thinking seriously of moving some of my tarde to Trove, but the commission is huge, 1.5%, and $0.75 minimum commission? Really I may say the commission is fairly, and our account can absorb it, if our minimum trade is $50 at a time

I keep my arms crossed.